You don't understand a specific financial term ? Visit our Forex glossary
Page 9 of 13 FirstFirst ... 7891011 ... LastLast
Results 81 to 90 of 126
  1. #81
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    AUD/USD IS NOT IMPRESSED BY A RISE IN CHINA’S IRON ORE IMPORTS


    China iron ore imports increased by 15.7 million tonnes in January.
    Yuan-denominated trade surplus narrowed to 135.8 billion.
    AUD/USD pays no heed to China data release.
    China imported 100 million tonnes of iron ore in January, compared to 84.3 million tonnes in December, customs data show. Arrivals were 94.54 million tonnes in November.

    However, the Aussie dollar is not impressed. As of writing, the AUD/USD is trading at 0.7825 – levels seen before the release of China trade data. Iron ore along with copper is one of Australia’s top exports.

    A drop in China’s overall trade surplus could be keeping the AUD bulls at bay. Also worth noting is the slight decline in China’s copper imports. The world’s largest consumer of commodities imported 440,000 tonnes of unwrought copper in January, compared to 450,000 tonnes in December.

    Looking ahead – the pair could be influenced by the action in the AU-US 10-year bond yield spread. The Aussie dollar could drop below 0.78 if the spread turns negative inversion) and equities see sharp losses.

    Read more : http://www.xtreamacademy.com/forex-n...n-ore-imports/

  2. #82
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    GBP/USD – FOCUS ON UK MANUFACTURING AND TRADE DATA

    BOE’s hawkish tilt favors upside Pound.
    Cable could revisit 1.4067 on better-than-expected UK data.
    Bank of England’s hawkish tilt pushed the GBP/USD higher to 1.4067 yesterday, however, the risk aversion played a spoilsport and cable fell back to 1.3920.

    That said, the British Pound could still put on a stellar performance if the UK data due today betters estimates and the global equity markets regain poise.

    The UK manufacturing production is seen rising 0.3 percent m/m in December vs. 0.4 percent in November, while the industrial production is expected to have dropped 0.9 percent m/m. Further, the UK Office for National Statistics will likely report a small drop in the December trade deficit.

    Yesterday, the BOE suggested the interest rates could be raised faster than previously indicated. An upbeat UK data would boost expectations of faster rate hikes (as suggested by the BOE) and push GBP/USD back to 1.4067 (previous day’s high).

    Read more : http://www.xtreamacademy.com/forex-n...ng-trade-data/

  3. #83
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    GBP/USD POISED TO CONTINUE BULL-RUN AFTER DECLINING INTO LONG-TERM SUPPORT

    GBP/USD may be poised to continue pushing higher following a couple of weeks of declines. Sterling is currently trading up softly on thin markets to kick off the new weeks, treading into the 1.3840 region ahead of European markets.

    Sterling has suffered at the hands of market sentiment as of late, with pullbacks in equities and spikes in bond yields to multi-year highs sending traders head-first into safe havens at the expense of risk assets such as the British Pound.

    Despite recent selling pressure on the Queen’s currency, fundamentals are beginning to look good for the UK, with Prime Minister Theresa May experiencing a bump in polling along with Brexit fears seeming to tame somewhat, even as the British Parliament and leaders within the EU continue to trade barbs back and forth. The Bank of England (BoE) is also upbeat, with a positive outlook on the UK’s economy as economic growth begins to build on itself, causing the BoE to begin hinting at interest rates in the near future.

    The Kingdom has a slew of economic data on the docket for Tuesday this week, most notably being CPI data for January at 09:30 GMT. A positive uptick here will only further cement the BoE on a path towards interest rates, with some market forecasts already calling for a May rate increase.

    Read more : http://www.xtreamacademy.com/forex-n...erm-support-2/

  4. #84
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    GBP/JPY LACKING DIRECTION, UK CPI DATA ON THE DOCKET FOR TODAY


    GBP/JPY indecisive in Tokyo trading.
    UK CPI data due at 09:30 GMT today.
    GBP/JPY is stepping lightly in Asia markets, fidgeting around 150.42 following a flat Monday.

    The pair has had a rough go of things lately, closing lower or flat for six of the last seven trading days. With the threat of interest rate increases looming on the horizon, traders have been flighty and prone to fits of risk aversion, dumping equities and risk assets in order to pile into safe havens. With the UK showing steady upticks in economic growth and the Bank of England (BoE) preparing to begin tightening their monetary policy, the era of easy money for global markets is set to end, leaving risk appetite in a precarious position.

    The UK will be dropping their CPI data today at 09:30 GMT; a slight contraction in price growth is anticipated by market forecasts, with analysts calling for a 2.9% reading compared to the previous 3.0%.

    Read more : http://www.xtreamacademy.com/forex-n...-docket-today/

  5. #85
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    USD/JPY DROPS IN TANDEM WITH NIKKEI, WEAKEST SINCE NOV 2016


    Tracks Nikkei 225, DXY lower.
    Profit-taking ahead of the US CPI?
    The bears regained control after a brief recovery seen in the USD/JPY pair, now pushing the rates southwards in a bid to print the lowest levels since November 2016.

    USD/JPY headed to 107.00

    The spot is seen replicating the moves witnessed in Asia a day before, as risk-aversion seeps back into markets, with the Asian equities crumbling again alongside oil prices. Japan’s benchmark index, the Nikkei 225 sinks nearly 0.90% to 21,053 points while Treasury yields dive across the curve, in turn adding to the downslide.

    The major also faces a double whammy from broad-based US dollar weakness, as the buck tracks Treasury yields lower amid a sense of caution ahead of the key US CPI figures, which are likely to shape up the Fed’s rate hike outlook this year.

    Meanwhile, the JPY markets appear to have shrugged off the disappointment in the details of the Japanese Q4 GDP report, which showed that the preliminary Q4 GDP arrived at 0.1% q/q vs. 0.2% expected.

    Read more : http://www.xtreamacademy.com/forex-n...ince-nov-2016/

  6. #86
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    USD/JPY – ASO’S COMMENTS KILL THE TECHNICAL RECOVERY


    Yen regains bid after Aso talks down need for FX intervention.
    USD/JPY drops 30 pips from 106.89.
    The technical recovery in the USD/JPY pair fell apart at 106.89 as the Japanese Yen picked up a bid after Japanese Finance Minister Aso played down the need for FX intervention.

    Speculation has been gathering pace that Yen appreciation may not go down well with the authorities in Tokyo. However, Aso’s comments indicate the policymakers are comfortable with the recent appreciation of the Japanese Yen.

    So, for the time being, the JPY bulls have little reason to fear. That said, the technical charts show oversold conditions. The daily RSI has hit the oversold territory. Further, risk reversals have diverged from the spot, indicating a drop in the premium claimed by JPY calls (bullish bets) over JPY puts (bearish bets).

    Also, the 10-year treasury yield continues to rise and more importantly the US stock market has remained resilient. Hence, caution is the name of the game for the JPY bulls.

    Read more : http://www.xtreamacademy.com/forex-n...ical-recovery/

  7. #87
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    AUD/USD BIDDING HIGHER IN ASIA TRADING, PUSHING INTO 0.7955


    AUD/USD up on USD selling in Tokyo.
    RBA Gov Lowe doesn’t see a rate increase any time soon.
    AUD/USD is continuing to climb on thin trading volumes, testing into 0.7955 as of writing.

    The pair experienced a choppy Thursday following Wednesday’s Greenback plunge as inflation within the US economy begins to heat up, with month-over-month CPI data beating both previous the previous reading and median market forecasts. The Aussie’s growth in recent days, closing higher against the US Dollar in four of the last five consecutive trading days, owes itself largely to the broad-market selling of the USD rather than any internalities from Australia.

    The Reserve Bank of Australia’s Governor, Philip Lowe, appeared before parliament’s Standing Committee on Economics where he reiterated the RBA’s holding pattern in the face of sluggish economic growth and mixed data. With inflation struggling to make a decisive appearance, the RBA has no choice but to hold steady on their monetary easing policies, even as major global competitors are racing to begin tightening their belts and raise interest rates.

    Read more : http://www.xtreamacademy.com/forex-n...ushing-0-7955/

  8. #88
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    USD/JPY – STUCK IN A 40-PIPS RANGE


    Stuck in 106.00-106.40 range.
    Risk reversals retrace JPY call bias.
    USD/JPY has been restricted to a narrow range of 106.00-106.40 since Friday’s late NY trading and the risk reversals indicate the range could be breached on the higher side.

    As of writing, the spot is trading at 106.23, having clocked a high of 106.37 and a low of 106.10. The pair hit a low of 105.55 on Friday before moving back above 106.00 on chart factors (oversold conditions). Also, the options market indicates the premium held by JPY calls (bullish bets) over JPY puts has dropped over the last few days.

    The one-month 25 delta risk reversals are being paid at JPY 2.025 calls vs. JPY 2.425 calls on Feb. 12. Also, weekly risk reversals are being paid at JPY 1.53 calls vs. JPY 2.50 calls. The decline in demand for JPY calls (as highlighted by the drop in premium) could be an indication the investors are expecting a corrective rally in the USD/JPY spot.

    So, the 40-pip trading range could end with an upside break. That said, the fears of a full-blown trade war between the US and China could keep Yen losses under the check.

    Read more : http://www.xtreamacademy.com/forex-n...40-pips-range/

  9. #89
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    AUD/USD FINDS BIDS SUB-0.7900, RBA MINUTES, FIRMER DXY STILL WEIGH

    Clings to key support near 0.7890.
    USD firmer in thin markets.
    RBA talks down AUD strength.
    Fresh bids emerged once again near the 0.7890 support area, allowing a tepid bounce in the AUD/USD pair back above the 0.79 handle, as markets assess the minutes of RBA’s January February meeting.

    AUD/USD: Focus shifts to Aus construction and wages data

    The spot came under fresh selling pressure last hour and fell back below the 0.79 handle, in a delayed reaction to the RBA’s Feb monetary policy meeting minutes, which reiterated that a rising AUD would impede pick-up in economic growth, inflation while adding that Low rates helping reduce unemployment, lift inflation. These RBA headlines suggested that the Australian central bank could very well remain in a wait-and-see mode in the near-term before future rate hikes.

    Moreover, a fresh bout of the USD buying across the board, helped by rising Treasury yields, also knocked-off the major in a bid to test the key support. However, the bulls held on to the technical support, now pushing the rates above the 0.7900 levels.

    Read more :http://www.xtreamacademy.com/forex-n...y-still-weigh/

  10. #90
    xtreamforex.com is offline Senior Member
    Join Date
    Oct 2015
    Posts
    181

    Default

    AUD/USD FALLS BACK DOWN FOLLOWING CONSTRUCTION DATA DISAPPOINTMENT

    AUD/USD retreats on construction miss.
    USD getting a push from bond yields.
    AUD/USD has dropped lower again following a pick up in early Tokyo trading, and the pair is currently back down below 0.7880.

    The Aussie slipped against the Greenback after a disappointment in the Construction Work Done figures for the 4th quarter of 2017, coming in at a 19.4 contraction, widely missing the median market forecast of a 10% decline, and a deep correction from the previous reading of 16.6%. While Wage Price Index data posted a mild beat over forecasts with year-on-year posting 2.1% versus the anticipated 2%, mixed economic data points for Australia continues to pigeonhole the Reserve Bank of Australia (RBA) in wait-and-see mode. Headline growth figures for Australia continue to lag behind global trends, and the RBA is left in a holding pattern, unlikely to raise key rates into 2020 while central banks around the world prepare to begin tightening their respective easy fiscal policies and prepare to fight inflation.

    Read more : http://www.xtreamacademy.com/forex-n...isappointment/

Page 9 of 13 FirstFirst ... 7891011 ... LastLast

Similar Threads

  1. Technical News | Gdmfx Brokerage | Daily
    By GDMFX in forum EUR USD, GBP USD, USD CHF ...
    Replies: 553
    Last Post: 02-01-2018, 05:51 AM
  2. Liteforex News And Technical Analysis Daily
    By Maria Liteforex in forum General Topics
    Replies: 2
    Last Post: 02-20-2016, 12:53 PM
  3. EUR USD Technical Analysis | EUR USD Forecast - Daily-30.11.12:news.fxbase
    By news.fxbase in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 11-29-2012, 11:56 PM
  4. EURUSD daily Technical analysis November -29:news.fxbase
    By news.fxbase in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 11-28-2012, 10:53 PM
  5. Get Update Forex news
    By Rk.FX.Trader in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 02-23-2011, 03:06 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0