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  1. #241
    fxtrader505 is offline Senior Member
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    COZfx: Euro-zone’s investor morale deteriorated in December

    COZforex: For the past trading session, the EUR slightly declined against the USD and closed at 1.1870, after the Euro-zone’s Sentix investor confidence index fell more-than-anticipated to a level of 31.1 in December. The index had recorded a 17-year high level of 34.0 in the prior month. Market participants had anticipated the index to fall to a level of 33.4.

    On the macro front, in the US, data revealed that final durable goods orders dropped less than initially estimated by 0.8% in October, compared to a revised rise of 2.2% in the previous month, while the preliminary figures had indicated a fall of 1.2%. Moreover, the nation’s factory orders eased less-than-expected by 0.1% on a monthly basis in October, compared to market consensus for a drop of 0.4%. Factory orders had climbed by a revised 1.7% in the previous month.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: EUR/USD is expected to find support at 1.1842 and a fall through could take it to the next support level of 1.1811; Meanwhile, the pair is expected to find its first resistance at 1.1892, and a rise through could take it to the next resistance level of 1.1911.

    Ahead in the day, market participants would eye the release of final Markit services PMI for November across the Euro-zone along with the region’s retail sales data for October. Later in the day, investors would focus on the US trade balance figures for October, followed by the ISM non-manufacturing and the final Markit services PMIs, both for November.

    The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.


    (COZ forex UK)

  2. #242
    fxtrader505 is offline Senior Member
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    COZfx: Canada housing starts unexpectedly surged in November

    COZforex: For the past trading session, the USD rose 0.09% against the CAD and closed at 1.2865 on Friday.

    Macroeconomic data revealed that Canada’s seasonally adjusted housing starts unexpectedly advanced to a level of 252.2K in November, compared to a revised reading of 222.7K in the prior month and defying market anticipations for a fall to a level of 213.0K.

    In the Asian session, the pair is trading at 1.2846, with the USD trading 0.15% lower against the CAD from Friday’s close.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/CAD is expected to find support at 1.2808 and a fall through could take it to the next support level of 1.277; Meanwhile, the pair is expected to find its first resistance at 1.2882, and a rise through could take it to the next resistance level of 1.2918.

    With no macroeconomic releases in Canada today, investor sentiment would be governed by global macroeconomic factors.

    The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  3. #243
    fxtrader505 is offline Senior Member
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    COZfx: SNB left interest rate on hold at -0.75%, lifted its inflation forecast

    COZforex: For the past trading session, the USD rose 0.34% against the CHF and closed at 0.9896.

    Yesterday, the Swiss National Bank retained the benchmark interest rate at -0.75% and projected that inflation in Switzerland would exceed its target in three years. However, the central bank reiterated its commitment to “intervene in the foreign exchange market as necessary”. The central bank upgraded its inflation forecast to 0.5% for 2017, up from 0.4% predicted earlier and to 0.7% for next year, from 0.4%. The central bank also predicted the Swiss economy to expand around 2.0% in 2018, after advancing by 1.0% in 2017.

    In the Asian session, the pair is trading at 0.9885, with the USD trading 0.11% lower against the CHF from yesterday’s close.

    In technical analysis, COZFX strategist Nigel Boynton said: USD/CHF is expected to find support at 0.9848 and a fall through could take it to the next support level of 0.9812; Meanwhile, the pair is expected to find its first resistance at 0.9913, and a rise through could take it to the next resistance level of 0.9942.

    Moving ahead, market participants would eye Switzerland’s trade balance and the KOF leading indicator, both due to release next week.
    The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  4. #244
    fxtrader505 is offline Senior Member
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    COZfx: Australia’s Westpac leading index climbed in November

    COZforex: For the past trading session, the AUD declined 0.1% against the USD and closed at 0.7659.

    In commodities, LME Copper prices declined 0.01% or $1.0/MT to $6845.0/MT; Meanwhile, Aluminium prices rose 0.7% or $13.5/MT to $2061.0/MT.

    In the Asian session, the pair is trading at 0.7657, with the AUD trading marginally lower against the USD from yesterday’s close.

    Overnight data revealed that Australia’s Westpac leading index registered a rise of 0.10% on a monthly basis in November, after recording a revised rise of 0.14% in the previous month.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: AUD/USD is expected to find support at 0.7641 and a fall through could take it to the next support level of 0.7624; Meanwhile, the pair is expected to find its first resistance at 0.7679, and a rise through could take it to the next resistance level of 0.7700.

    The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  5. #245
    fxtrader505 is offline Senior Member
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    COZfx: UK’s Lloyds business confidence jumped to a 5-month high level in December

    COZforex: For the past trading session, the GBP rose 0.08% against the USD and closed at 1.3384.

    On the economic front, UK’s public-sector net borrowing posted a less-than-expected deficit of 8.1 billion in November, following a revised deficit of 7.2 billion in the previous month. Market participants had anticipated public sector net borrowing to post a deficit of 8.3 billion.

    In the Asian session, the pair is trading at 1.3380, with the GBP trading slightly lower against the USD from yesterday’s close.

    Data released overnight showed that the Lloyds business barometer increased to a level of 28.0 in December, surging to its highest level since July 2017, compared to a reading of 24.0 in the prior month.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: GBP/USD is expected to find support at 1.3345 and a fall through could take it to the next support level of 1.3311; Meanwhile, the pair is expected to find its first resistance at 1.3401, and a rise through could take it to the next resistance level of 1.3423.

    Looking forward, UK’s final 3Q GDP numbers, due to release in a few hours, will attract significant amount of market attention.

    The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.


    (COZ forex UK)

  6. #246
    andengireng is offline Senior Member
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    USDCHF is moving under pressure and testing the daily support area. As a trading strategy you can wait for confirmation of sell signal if a pull-back occurs to the reference area which is in the range 0.97768, with potential target up to the range 0.97600.
    Attached Images Attached Images

  7. #247
    fxtrader505 is offline Senior Member
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    COZfx: Oil extends its gains, ahead of Baker Hughes weekly rig count data

    COZforex: For the past trading session, Crude Oil rose 0.44% against the USD and closed at USD59.84 per barrel, after the Energy Information Administration reported that US crude oil stockpiles fell by 4.6 million barrels to 431.9 million barrels in the week ended 22 December.

    Gains in crude prices were boosted further, after the US oil production surprisingly dropped to 9.754 million barrels per day (bpd), from 9.789 million bpd in the last week.

    In the Asian session, the pair is trading at 60.20, with oil trading 0.6% higher against the USD from yesterday’s close.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: The crude oil is expected to find support at 59.65 and a fall through could take it to the next support level of 59.11; Meanwhile, the oil is expected to find its first resistance at 60.53, and a rise through could take it to the next resistance level of 60.87.

    Crude oil is trading above its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  8. #248
    fxtrader505 is offline Senior Member
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    COZfx: Japan’s services sector growth slowed to a 3-month low level in December

    COZforex: For the past trading session, the USD rose 0.2% against the JPY and closed at 112.78.

    In the Asian session, the pair is trading at 112.84, with the USD trading marginally higher against the JPY from yesterday’s close.

    Data released overnight indicated that Japan’s Markit services PMI inched down to a level of 51.1 in December, hitting a three-month low level and compared to a reading of 51.2 in the previous month.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/JPY is expected to find support at 112.60 and a fall through could take it to the next support level of 112.36; Meanwhile, the pair is expected to find its first resistance at 112.97, and a rise through could take it to the next resistance level of 113.10.

    Looking forward, Japan’s consumer confidence for December, BOP basis trade balance and Eco-Watchers survey data, all scheduled to release next week, would be eyed by investors.

    The currency pair is trading above its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  9. #249
    fxtrader505 is offline Senior Member
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    COZfx: Germany’s inflation slowed as initially estimated in December

    COZforex: For the past trading session, the EUR marginally declined against the USD and closed at 1.2260, after few members of the center-left Social Democrats voted against opening coalition talks with German Chancellor, Angela Merkel’s conservative, thus throwing German politics back into a state of uncertainty and disarray.

    On the macro front, Germany’s final consumer price index rose 1.7% on an annual basis in December, confirming the preliminary print. In the prior month, the CPI had risen 1.8%.

    Macroeconomic data released in the US indicated that the New York Empire State manufacturing index eased more-than-anticipated to a level of 17.7 in January, declining for the third straight month. The index had recorded a revised reading of 19.6 in the previous month, while markets had expected for a fall to a level of 19.0.

    In technical analysis, COZFX strategist Nigel Boynton said: GBP/USD is expected to find support at 1.2201 and a fall through could take it to the next support level of 1.2134; Meanwhile, the pair is expected to find its first resistance at 1.2329, and a rise through could take it to the next resistance level of 1.2390.

    Going ahead, traders would focus on the Euro-zone’s final inflation data for December, scheduled to release in a few hours. Later in the day, the release of US industrial and manufacturing production figures for December, the NAHB housing market index for January and the Federal Reserve’s Beige Book report, will keep investors on their toes.

    The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  10. #250
    fxtrader505 is offline Senior Member
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    COZfx: Swiss Franc trading slightly higher this morning

    COZforex: For the past trading session, the USD marginally declined against the CHF and closed at 0.9621.

    In economic news, Switzerland’s total sight deposits advanced to a level of CHF574.6 billion in the week ended 19 January, from a level of CHF573.8 billion reported in the prior week.

    In the Asian session, the pair is trading at 0.9620, with the USD trading a tad lower against the CHF from yesterday’s close.

    In technical analysis, COZ senior foreign exchange risk investment trader Desmond Doyle said: USD/CHF is expected to find support at 0.9595, and a fall through could take it to the next support level of 0.9571; Meanwhile, the pair is expected to find its first resistance at 0.9642, and a rise through could take it to the next resistance level of 0.9665.

    The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.


    (COZ forex UK)

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