December 2016 Blog Posts (21)

USD/JPY: the dollar is lowering in the end of the week







Current trend



During the trading session on Thursday, December, 29, the USD was lowering against the yen, reaching the new local minimum from the 14 of December and then renewed it during the morning session on the 30 of December. The “bearish” dynamics is due to the correctional moods before the New Year holydays. The investors usually close the most of positions in this time of the year, in addition, the dollar is greatly overbought against the yen as… Continue

Added by AlexanderLF on December 30, 2016 at 12:10pm — No Comments

Brent: renew of maxima in the end of the year





Current trend





The Brent oil prices grew to the level of year maxima 57.00 on Wednesday, and it is trading there now. The growth is caused to the oil production countries confirmed their agreement on the oil production limitation. The Oil Ministry of Iraq confirmed that the country is ready to limit the oil production by 200-210K barrel in January. The Venezuela Oil Ministry confirmed the limitation by 95K barrel per day. The EIA Crude Oil Stocks change index… Continue

Added by AlexanderLF on December 29, 2016 at 5:44pm — No Comments

XAG/USD: general analysis





Current trend





Yesterday the pair was growing against the “thin” market and no key macroeconomical news. It couldn’t consolidate above the strong resistance level of 16.00, and the silver began to decrease again.



Today the publication of the Pending Home Sales index can affect the market. The growth of the index above 0.5% will pressure the pair.





Support and resistance





On the daily chart the pair is trading… Continue

Added by AlexanderLF on December 28, 2016 at 3:49pm — No Comments

USD/CHF: the US dollar keeps growing





Current trend





In the beginning of the week the US dollar is growing against the Swiss franc, renewing a local maximum on December, 21. The market activity is still low due to the Ney Year and Christmas holydays. The traders prefer not to buy a risky currency, but consolidate the profit while trading stable ones.





On Monday, 26, there were no significant macroeconomical statistics published, but on Tuesday there will be a lot of data from USA.… Continue

Added by AlexanderLF on December 27, 2016 at 4:20pm — No Comments

NZD/USD: pair shows mixed trade









Current trend





Yesterday the pair showed choppy trade and closed near its opening level amid the publication of a large number of macroeconomic statistics.



In the third quarter of the year, the GDP in New Zealand grew by 1.1% q/q that was a 0.2% better than forecasts of economists. On a year-to-year basis, however, the index came out worse than forecasts having increased by only 3.5%, against expectations of… Continue

Added by AlexanderLF on December 23, 2016 at 12:43pm — No Comments

USD/JPY: pause before growth resumes





Current trend





The American Dollar continues consolidating against the Yen after a significant growth in November and the beginning of December. The Dollar fell due to profit fixation and the pair continues moving within the range of 80 points amid the lack of important fundamental news from the US or Japan. However, the Yen was slightly supported by yesterday’s decision on interest rates. The Bank of Japan left the rate unchanged, and in commentaries… Continue

Added by AlexanderLF on December 22, 2016 at 6:16pm — No Comments

AUD/USD: general analysis





Current trend





Yesterday, the Australian currency continued its decline against the US dollar after the release of Bank of Australia Meeting Minutes on interest rates and monetary policy. However, during the American session, the pair gained back about forty points from the 90 it had lost. The releases of the leading economic indicators index in Australia and the index of activity in all sectors of Japan did not affected the situation… Continue

Added by AlexanderLF on December 21, 2016 at 4:33pm — 1 Comment

USD/CAD: general analysis





Current trend



The Canadian dollar continues to move in the upward channel since March 2016. Since last week, the pair once again start the upward movement within the channel, caused by the strengthening US dollar. Now the pair is in the middle of the range.



Further movement of the pair may be affected by data on wholesale sales from Canada at 15:30 (GMT+2) today, retail sales data from the US, and particularly the report of the American Petroleum… Continue

Added by AlexanderLF on December 20, 2016 at 1:47pm — No Comments

XAG/USD: silver is falling





Current trend





Yesterday the price of silver significantly declined amid a continuous strengthening in the US Dollar that was supported by strong data from the US.





The Consumer Price Index excluding Food and Energy in November rose by 2.1% that matched the figure from the previous month but came out a 0.1% worse than forecasts of economists. On a month-to-month basis, the index added 0.2% that matched the expectations. Additionally, the number… Continue

Added by AlexanderLF on December 16, 2016 at 2:29pm — No Comments

EUR/USD: general analysis





Current trend





The pair is lowering. It renewed the historical minimum due to the FRS decision of the key interest rate rise to 0.5-0.75%. The rise was expected, and furthermore, the commitment to the tightening of the US monetary policy was announced.



“A modest increase in the federal funds rate is appropriate in light of the solid progress we have seen toward our goals of maximum employment and 2% inflation”, — is written on the official site of… Continue

Added by AlexanderLF on December 15, 2016 at 4:42pm — No Comments

NZD/USD: technical analysis





NZD/USD, D1



On the daily chart the tool is steadily growing along the upper border of the indicator "Bollinger Bands". Indicator is pointing up, while the price range continues to grow, which is the basis for the continuation of the current trend. The MACD histogram is getting closer to zero line from below, its volumes are growing, maintaining a buy signal. Stochastic is going to enter the overbought zone.





NZD/USD, H4



On the… Continue

Added by AlexanderLF on December 14, 2016 at 1:13pm — No Comments

Brent: the market remains optimistic





Current trend





The trading week started with a strong oil prices growth, the Brent listings reached the maximum from the July, 2015, rising above the level of 57.00. The OPEC and 11 non-OPEC countries have come to the agreement of the oil producing limitation by 558K barrels per day, and this supported the price greatly. The oil Minister of Saudi Arabia declared the possibility of further limitations unilaterally. This brought some optimism on the market, and… Continue

Added by AlexanderLF on December 13, 2016 at 5:14pm — No Comments

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Added by Maria Galindo on December 13, 2016 at 12:49am — 3 Comments

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Added by Antje Wagner on December 12, 2016 at 3:11pm — 1 Comment

XAU/USD: general analysis





Current trend





Gold has been falling against the USD during the last five weeks. During the trading session on Friday the pair was at the level of 1176.70 — close to the year minimum reached in March. The market is under pressure due to USD growing in anticipation of the possible FRS interest rate increase on December, 14. The stable growth of the American stock market which became more attractive to the investors, also pressures the… Continue

Added by AlexanderLF on December 12, 2016 at 2:51pm — No Comments

AUD/USD: general analysis





Current trend





Tonight a number of macroeconomic data from Japan and China, major trading partners of Australia, was released, as well as data on the trade balance, exports and imports of Australia. Statistics proved to be worse than expected, but this has not led to significant changes in the movement of the pair, which is being corrected now upward after the recent fall. Correction is due to decrease of the US dollar amid supersaturated expectations on… Continue

Added by AlexanderLF on December 8, 2016 at 1:15pm — No Comments

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Added by Antje Wagner on December 6, 2016 at 4:00pm — No Comments

AUD/USD: general analysis





Current trend



All this week the driver for pair’s motion was US dollar. Today is the first Friday of the month, which means that at the beginning of the American session Non-Farm Payrolls will be released. Statistics promise to be positive, which will put pressure on the pair AUD/USD.





From the technical point of view, the pair broke out of long-term downtrend channel last week. Let us consider two basic scenarios. The first is a continuation of the… Continue

Added by AlexanderLF on December 2, 2016 at 12:40pm — No Comments

Brent: the OPEC agreement pushes the prices up





Current trend





On Wednesday the oil prices have rapidly grown up by 7%. In particular, the Brent price has risen above the level of 52 dollars per barrel. This significant increase is a result of the agreement on the oil production limitation for 1.2 billion barrel per day set by the OPEC. The disagreements of Saudi Arabia, Iraq and Iran, that were the main obstacles to the agreement, were overcome. As a result Iraq should cut the production by 310K barrel per… Continue

Added by AlexanderLF on December 1, 2016 at 4:05pm — No Comments

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