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  1. #11
    Lucas_SGT_Markets is offline Senior Member
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    EUR/USD

    During the Asian trade and last night, the euro strengthened against the dollar. This morning, the euro is exchanged for $ 1.1913, which, at the beginning of the European session, shows a gain of 0.05%. At 2:30 pm, retail data are expected in the United States, and at 15:15 on industrial production, as well as the sentiment of the business world and consumers at 16:00.

    eur usd.jpg


    GBP/USD


    During the Asian trading, the British pound was further strengthened against the dollar. This morning, it is at $ 1.3411 per pound, which means the weakening of the dollar by 0.1%. Yesterday, the Monetary Board of the Bank of England voted at around 7 to 2 to increase the rate, and the general impression of the observers is that in the coming months the first increase in the reference interest rate will continue, which remains at + 0.25% until further notice. At 2:30 pm, retail data will be published in the US, at 15:15 on industrial production, and the sentiment of the business world and consumers at 16:00.

    gbp usd.jpg



    USD/JPY

    During Asian trading, the Japanese yen weakened against the dollar despite a new ballistic probe that flew over Japan and fell into the Pacific. This morning, this currency pair is traded at the level of 110.64 yen per dollar, which at the beginning of the European session jen seems to be weaker against the dollar by 0.64%. At 2:30 pm, retail data will be published in the US, at 15:15 on industrial production, and the sentiment of the business world and consumers at 16:00.


    usd jpy.jpg

  2. #12
    Lucas_SGT_Markets is offline Senior Member
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    EUR/USD

    EURUSD-Daily-Forex-Analysis.jpg

    Eyes on today Eurozone CPI data.

    Increasing wages (under solid Employment Change figures) and improving Trade Balance are the latest good news for the EUR.

    The greenback regained strength after Paul Ryan (U.S. House of Representatives Speaker) said that a tax plan is set to be released next days and after Trump succeeded to raise the debt ceiling.

    On the other hand, last U.S. industrial and manufacturing production unexpectedly fell in August and U.S. producer price inflation increased less than expected. In addition, the U.S. Commerce Department said last retail sales change was surprisingly negative.

    During his last ECB Press Conference, President Draghi said that growth forecasts for the Eurozone will keep on the good pace though inflation is doing worse than expected. Growth projections were made considering EURUSD @1.18 level (the current or higher levels are considered due to excessive volatility and this is considered to be slowing down CPI measures) and in October some clearer actions will be taken in order to push inflation upwards (possibly by monitoring EURUSD and reducing overshooting in EUR currency levels).

    Fake breakout of 1.199 was re-absorbed as we thought very probable. Now, if 1.1856 will be clearly violated then we see room down to the next Support area (1.176). In the opposite case, 1.20 area will be definitely violated and we see room up to 1.21 area.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Neutral
    1st Resistance: 1.1990
    2nd Resistance: 1.2080
    1st Support: 1.1856
    2nd Support: 1.1756



    GBP/USD

    GBPUSD-Daily-Forex-Anlysis.jpg

    Today BoE Governor Carney is to speak, let’s pay attention to this.

    Longer than 1 year ago, Brexit happened and now London is starting to do an analysis about Brexit effects and outcome.
    - GDP slowed down (it is the Eurozone Slowest growth, even Greece grew more)
    - High Consumer Price (with freezed wages and salaries, the effect is a widespread social impoverishment)
    - Hard Brexit was just only a rumor: London is starting to understand that Brexit is a jump into nowhere (especially as far as financial sectors are concerned).

    The BoE’s monetary policy committee voted 7-to-2 to leave interest rates at their current record low of 0.25% following its policy meeting, but the bank said in its rate statement that the economy is looking slightly stronger than expected. A majority of officials believe borrowing costs will need to rise in the coming months to bring annual inflation back to its 2% goal. Such a move is likely “over the coming months,” the statement said if the economy performs broadly in line with officials’ expectations.

    On the other hand, 5 terroristic attacks in Britain this year and upcoming German elections are undermining the volatile stamina for the GBP bulls.

    We think that 1.36 is a definitive very strong Resistance so GBP is overbought now and 1.3460 should be re-tested as GBP/USD current fair value. In the case of upside overshooting continuation, 1.367 Resistance area will probably block the bulls creating a downside correction.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

    Weekly Trend: Overbought
    1st Resistance: 1.3610
    2nd Resistance: 1.3670
    1st Support: 1.3460
    2nd Support: 1.3362



    AUD/USD

    AUDUSD-Daily-Forex-Analysis.jpg

    Pay attention to RBA Minutes Meeting later today.

    Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

    Last Australian Manufacturing Index was better than expected and private new capital expenditure for the second quarter jumped 0.8%, well above a 0.3% gain seen. Also Building Approvals and Construction Work Done better than expected.

    On the other hand, last U.S. industrial and manufacturing production unexpectedly fell in August and U.S. producer price inflation increased less than expected. In addition, the U.S. Commerce Department said last retail sales change was surprisingly negative.

    In the case of a definitive breakout of 0.803 area, then there is room up over 0.804 until 0.81 area. In the opposite case, a re-test in area 0.798 will lead down to the main Support in area 0.792.

    Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Neutral
    1st Resistance: 0.8034
    2nd Resistance: 0.8130
    1st Support: 0.7980
    2nd Support: 0.7916

  3. #13
    Lucas_SGT_Markets is offline Senior Member
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    EUR USD

    During the evening, the euro strengthened against the dollar. This morning, the euro is exchanged for $ 1,1991, which at the beginning of the European session shows a weakening of the dollar by 0,07%. There are no economic news from the euro zone today. At 16:00 pm, sales of existing homes in the United States will be announced. Tonight is expected the Federal Reserve's decision on interest rate and the address of the Chairman, Dzen Jelen Jelen.

    eur usd.jpg

    eurusd-indicators.jpg


    GBP USD

    During the evening, there is a growth in British pounds. This morning, it is at the level of $ 1.3518 for one pound, which means a pound increase of 0.13%. At 10:30 pm, retail information wass be published in the UK. At 16:00 pm, sales of existing homes in the United States are expected. Tonight is expected the Federal Reserve's decision on interest rate and the address of the Chairman, Dzen Jelen.

    gbp usd.jpg

    gbpusd-indicators.jpg

  4. #14
    Lucas_SGT_Markets is offline Senior Member
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    EUR/USD

    EURUSD-Daily-Forex-Analysis-by-SGT-Markets-and-CFD.jpg

    Fed's projections point to three rate hikes in 2018, two in 2019 and one in 2020 and to shrinking balance sheet in October following schedule it laid out in July. Inflation to remain somewhat below 2 pct in near term, to stabilize around 2 pct goal over medium term. Job gains have remained solid, household spending expanding at moderate rate. Business spending has picked up in recent quarters
    Near-term risks to the economy appear "roughly balanced" and if conditions were to weaken, would also consider balance sheet reinvestment. Fed vote in favour of policy was unanimous.

    Today we will have chance to hear from EBC President Draghi.

    According to the latest news headlines hitting the wires, citing reliable sources, ECB policy makers disagree on whether to set a firm end-date for bond-buying program in October.
    Some elements of ECB decision could be put off until Dec.;
    Concerns over Euro strength is leading to uncertainty and divides within ECB council;
    Some ECB rate setters want to be able to extend or expand buys if needed.

    German ZEW data better than expectations, U.S. House Market on the upbeat too.

    During his last ECB Press Conference, President Draghi said that growth forecasts for the Eurozone will keep on the good pace though inflation is doing worse than expected. Growth projections were made considering EURUSD @1.18 level (the current or higher levels are considered due to excessive volatility and this is considered to be slowing down CPI measures) and in October some clearer actions will be taken in order to push inflation upwards (possibly by monitoring EURUSD and reducing overshooting in EUR currency levels).
    Increasing wages (under solid Employment Change figures) and improving Trade Balance are the latest good news for the EUR.

    The greenback regained strength after Paul Ryan (U.S. House of Representatives Speaker) said that a tax plan is set to be released next days and after Trump succeeded to raise the debt ceiling.

    On the other hand, last U.S. industrial and manufacturing production unexpectedly fell in August and U.S. producer price inflation increased less than expected. In addition, the U.S. Commerce Department said last retail sales change was surprisingly negative.

    As we wrote previously, if 1.1856 (very important Support area) will be clearly violated then we see room down to the next Support area (1.176).

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Overbought
    1st Resistance: 1.1990
    2nd Resistance: 1.2080
    1st Support: 1.1856
    2nd Support: 1.1756




    GBP/USD

    GBPUSD-Daily-Forex-Analysis-by-SGT-Markets-and-CFD.jpg

    UK Retail Sales data on the upbeat.
    Fed's projections point to three rate hikes in 2018, two in 2019 and one in 2020 and to shrinking balance sheet in October following schedule it laid out in July. Interest rate hikes schedule remains unchanged and if conditions were to weaken, would also consider balance sheet reinvestment.

    Last Carney’s speech was about monetary policy that may have to "move in order to stand still" due to possibility that global equilibrium interest rates are rising. De-integration effects of Brexit are likely to be inflationary but any rate hikes are expected to be gradual and limited.
    He added that any loss of trade openness with EU after Brexit is unlikely to be immediately compensated by ties with new partners.

    Brexit slowing negotiations (the fourth round of Brexit negotiations, scheduled for September 22-25, nears and the volume of complaints coming from the financial services sector regarding the lack of progress is growing), terroristic attacks and upcoming German elections are undermining the volatile bullish stamina of the GBP.

    As we previously wrote, 1.36 is a definitive very strong Resistance and it rejected GBP/USD: 1.346 (important Support area) under test.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

    Weekly Trend: Neutral
    1st Resistance: 1.3610
    2nd Resistance: 1.3670
    1st Support: 1.3460
    2nd Support: 1.3362




    AUD/USD


    AUDUSD-Daily-Forex-Analysis-by-SGT-Markets-and-CFD.jpg

    Fed's projections point to three rate hikes in 2018, two in 2019 and one in 2020 and to shrinking balance sheet in October following schedule it laid out in July.

    Australia reported its house price index for the second quarter jumped 1.9%, compared with a 1.1% gain seen. The Reserve Bank of Australia repeated that monetary policy is expected steady for "some time" in the minutes of its September rate review.

    Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

    Last Australian Manufacturing Index was better than expected and private new capital expenditure for the second quarter jumped 0.8%, well above a 0.3% gain seen. Also Building Approvals and Construction Work Done better than expected.

    On the other hand, last U.S. industrial and manufacturing production unexpectedly fell in August and U.S. producer price inflation increased less than expected. In addition, the U.S. Commerce Department said last retail sales change was surprisingly negative.

    As we wrote previously, a re-test in area 0.798 will lead down to the main Support in area 0.792.

    Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Overbought
    1st Resistance: 0.8034
    2nd Resistance: 0.8130
    1st Support: 0.7916
    2nd Support: 0.7828

  5. #15
    Lucas_SGT_Markets is offline Senior Member
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    EUR/USD

    EURUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Germany's election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. Building a coalition could take months as the three-way tie-up has not been tested at national level.

    EU preliminary September PMIs surpassed expectations, indicating that economic activity picked up at the end of the third quarter, back to their recent multi-year highs.

    Fed's projections point to three rate hikes in 2018, two in 2019 and one in 2020 and to shrinking balance sheet in October following schedule it laid out in July. Inflation to remain somewhat below 2 pct in near term, to stabilize around 2 pct goal over medium term. Job gains have remained solid, household spending expanding at moderate rate. Business spending has picked up in recent quarters
    Near-term risks to the economy appear "roughly balanced" and if conditions were to weaken, would also consider balance sheet reinvestment. Fed vote in favour of policy was unanimous.

    According to the latest news headlines hitting the wires, citing reliable sources, ECB policy makers disagree on whether to set a firm end-date for bond-buying program in October.
    Some elements of ECB decision could be put off until Dec.;
    Concerns over Euro strength is leading to uncertainty and divides within ECB council;
    Some ECB rate setters want to be able to extend or expand buys if needed.

    During his last ECB Press Conference, President Draghi said that growth forecasts for the Eurozone will keep on the good pace though inflation is doing worse than expected. Growth projections were made considering EURUSD @1.18 level (the current or higher levels are considered due to excessive volatility and this is considered to be slowing down CPI measures) and in October some clearer actions will be taken in order to push inflation upwards (possibly by monitoring EURUSD and reducing overshooting in EUR currency levels).
    Increasing wages (under solid Employment Change figures) and improving Trade Balance are the latest good news for the EUR.

    Now 1.199 Resistance area still under pressure. It is possible that it will work and, as we wrote previously, if, on the other side, 1.1856 (very important Support area) will be clearly violated then we see room down to the next Support area (1.176).

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Overbought
    1st Resistance: 1.1990
    2nd Resistance: 1.2080
    1st Support: 1.1856
    2nd Support: 1.1756



    GBP/USD

    GBPUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Moody's has downgraded the UK's credit rating to Aa2. Outlook to stable after the downgrade. Moody's sees growth of 1% this year, and doesn't expect growth to recover to historic trends "over the coming years."

    In her last speech, Prime Minister Theresa May on Brexit negotiations proposed that Britain stay in the EU’s single market for a two-year “period of implementation” to smooth the Brexit process.

    Last Carney’s speech was about monetary policy that may have to "move in order to stand still" due to possibility that global equilibrium interest rates are rising. De-integration effects of Brexit are likely to be inflationary but any rate hikes are expected to be gradual and limited.
    He added that any loss of trade openness with EU after Brexit is unlikely to be immediately compensated by ties with new partners.

    Fed's projections point to three rate hikes in 2018, two in 2019 and one in 2020 and to shrinking balance sheet in October following schedule it laid out in July. Interest rate hikes schedule remains unchanged and if conditions were to weaken, would also consider balance sheet reinvestment.

    Last UK Retail Sales data on the upbeat.

    As we previously wrote, 1.36 is a definitive very strong Resistance and it recently rejected GBP/USD down to 1.346 (important Support area). There are two scenarios: 1.346 tested back again will lead to a test in area 1.336; 1.365 test, on the upside, will lead up to 1.37 overbought area.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

    Weekly Trend: Overbought
    1st Resistance: 1.3610
    2nd Resistance: 1.3670
    1st Support: 1.3460
    2nd Support: 1.3362



    AUD/USD

    AUDUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Bets for another interest rate hike by Fed in December are around 70%.

    Australia reported its house price index for the second quarter jumped 1.9%, compared with a 1.1% gain seen. The Reserve Bank of Australia repeated that monetary policy is expected steady for "some time" in the minutes of its September rate review.

    Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

    Last Australian Manufacturing Index was better than expected and private new capital expenditure for the second quarter jumped 0.8%, well above a 0.3% gain seen. Also Building Approvals and Construction Work Done better than expected.

    As we wrote previously, a re-test in area 0.798 would have led down to the main Support in area 0.792. A break of .792 will drive bears to sell till 0.783 demand area.

    Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Neutral
    1st Resistance: 0.8034
    2nd Resistance: 0.8130
    1st Support: 0.7916
    2nd Support: 0.7828

  6. #16
    Lucas_SGT_Markets is offline Senior Member
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    EUR/USD

    eur usd.jpg

    eurusd-indicators.jpg

    Over the night euro continued to weaken after disappointing results of German parliamentary elections being analyzed and realizing potential post-election combinatorial. During Asian trading, the euro has consolidated. This morning, the euro is exchanged for $ 1,1849, which at the beginning of the European session shows the strengthening of the euro by 0.07%. There is no EU economic data today. In the afternoon, at 16:00 pm, sales of new homes in the United States as well as the consumer sentiment announced by the Conference Board are expected.


    GBP/USD

    gbp usd.jpg

    gbpusd-indicators.jpg

    During the night, the dollar retained gains since yesterday, and was slightly raised by the British pound. This morning, it is at the level of $ 1.3485 for one pound, which means a pound increase of 0.14%. Today, there is no economic data from the UK, and at 16:00 hours, sales of new homes in the United States are expected, as well as the consumer sentiment announced by the Conference Board.


    USD/JPY

    usd jpy.jpg




    During the night, the Japanese yen has strengthened because the crisis with regard to North Korea has given rise to secure investments. This morning, this currency pair trades at a level of 111.53 yen for one dollar, which at the beginning of the European session makes it stronger compared to the dollar by 0.17%. In the afternoon, at 16:00 pm, sales of new homes in the United States as well as the consumer sentiment announced by the Conference Board are expected.

  7. #17
    Lucas_SGT_Markets is offline Senior Member
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    EUR/USD

    EURUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg


    In her last speech, Fed Chair Yellen specified that downward pressure on inflation could prove unexpectedly persistent. Data suggests labour market is healthy, without substantial slack and not overheated. But the Fed want to remain “open minded” about another interest rate hike this year.

    Germany's election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. Building a coalition could take months as the three-way tie-up has not been tested at national level.

    New York Federal Reserve President William Dudley said the Fed is on track to gradually raise interest rates given factors depressing inflation are "fading" and the U.S. economy's fundamentals are sound. “I expect inflation will rise and stabilize around the (Fed's) 2% objective over the medium term," he said before adding that "in response, the Federal Reserve will likely continue to remove monetary policy accommodation gradually."

    Catalonia is planning to hold a referendum on independence on Sunday 1 October: the referendum is deemed unconstitutional by the Spanish Constitutional Court, yet the Catalan government has claimed to declare Catalonia independent from Spain in case of a yes-vote.

    During his last ECB Press Conference, President Draghi said that growth forecasts for the Eurozone will keep on the good pace though inflation is doing worse than expected. Growth projections were made considering EURUSD @1.18 level (the current or higher levels are considered due to excessive volatility and this is considered to be slowing down CPI measures).

    EU preliminary September PMIs surpassed expectations, indicating that economic activity picked up at the end of the third quarter, back to their recent multi-year highs.

    As we wrote previously, breakout of 1.1856 (very important Support area) led down to the next Support area (1.176). Now we expect a consolidation phase between 1.176 and 1.185.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Overbought
    1st Resistance: 1.1856
    2nd Resistance: 1.1990
    1st Support: 1.1756
    2nd Support: 1.1655




    GBP/USD

    GBPUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    In the USA, the Fed wants to increase gradually interest rates. On the one hand, data suggests labour market is healthy, without substantial slack and not overheated. On the other hand, inflation data creates uncertainty.

    Moody's has downgraded the UK's credit rating to Aa2. Outlook to stable after the downgrade. Moody's sees growth of 1% this year, and doesn't expect growth to recover to historic trends "over the coming years."

    In her last speech, Prime Minister Theresa May on Brexit negotiations proposed that Britain stay in the EU’s single market for a two-year “period of implementation” to smooth the Brexit process.

    Last Carney’s speech was about monetary policy that may have to "move in order to stand still" due to possibility that global equilibrium interest rates are rising. De-integration effects of Brexit are likely to be inflationary but any rate hikes are expected to be gradual and limited.
    He added that any loss of trade openness with EU after Brexit is unlikely to be immediately compensated by ties with new partners.

    Fed's projections point to three rate hikes in 2018, two in 2019 and one in 2020 and to shrinking balance sheet in October following schedule it laid out in July. Interest rate hikes schedule remains unchanged and if conditions were to weaken, would also consider balance sheet reinvestment.

    Last UK Retail Sales data on the upbeat.

    As we previously wrote, 1.346 tested back and violated is leading, finally, to a test in area 1.336 (important Support area).

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

    Weekly Trend: Overbought
    1st Resistance: 1.3460
    2nd Resistance: 1.3610
    1st Support: 1.3362
    2nd Support: 1.3285




    AUD/USD

    AUDUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Tension and war rhetoric between N Korea and USA are escalating after the N Korean foreign minister accused USA to have declared war.

    After last Fed Chair Yellen speech, bets for another interest rate hike by Fed in December are around 60%.

    Australia reported its house price index for the second quarter jumped 1.9%, compared with a 1.1% gain seen. The Reserve Bank of Australia repeated that monetary policy is expected steady for "some time" in the minutes of its September rate review.

    Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

    Last Australian Manufacturing Index was better than expected and private new capital expenditure for the second quarter jumped 0.8%, well above a 0.3% gain seen. Also Building Approvals and Construction Work Done better than expected.

    Break of 0.7916 is now driving bears to sell till 0.783, important demand area.

    Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Neutral
    1st Resistance: 0.7980
    2nd Resistance: 0.8034
    1st Support: 0.7828
    2nd Support: 0.7735

  8. #18
    Lucas_SGT_Markets is offline Senior Member
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    EUR/USD

    EURUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Today eyes on German Unemployment and Eurozone CPI data. ECP President Draghi will hold a speech, ears on that too.

    Last CPI (inflation) data across all the Europe (Germany included) worse than expected while last U.S. GDP and U.S. job market again better than expected.

    Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

    Germany's election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. Building a coalition could take months as the three-way tie-up has not been tested at national level.

    New York Federal Reserve President William Dudley said the Fed is on track to gradually raise interest rates given factors depressing inflation are "fading" and the U.S. economy's fundamentals are sound. “I expect inflation will rise and stabilize around the (Fed's) 2% objective over the medium term," he said before adding that "in response, the Federal Reserve will likely continue to remove monetary policy accommodation gradually."

    Catalonia is planning to hold a referendum on independence on Sunday 1 October: the referendum is deemed unconstitutional by the Spanish Constitutional Court, yet the Catalan government has claimed to declare Catalonia independent from Spain in case of a yes-vote.

    EU preliminary September PMIs surpassed expectations, indicating that economic activity picked up at the end of the third quarter, back to their recent multi-year highs.

    As we wrote previously, breakout of 1.1856 (very important Support area) led down to the next Support area (1.176). Now there are two possible scenarios. One is a consolidation phase between 1.176 and 1.185, the other one is a test of 1.1655 Support area (only after a breakout of 1.175).

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Overbought
    1st Resistance: 1.1856
    2nd Resistance: 1.1990
    1st Support: 1.1756
    2nd Support: 1.1655




    GBP/USD

    GBPUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Today eyes on UK GDP data.

    Last U.S. GDP and U.S. job market again better than expected.

    Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

    Moody's has downgraded the UK's credit rating to Aa2. Outlook to stable after the downgrade. Moody's sees growth of 1% this year, and doesn't expect growth to recover to historic trends "over the coming years."

    In her last speech, Prime Minister Theresa May on Brexit negotiations proposed that Britain stay in the EU’s single market for a two-year “period of implementation” to smooth the Brexit process.

    Last Carney’s speech was about monetary policy that may have to "move in order to stand still" due to possibility that global equilibrium interest rates are rising. De-integration effects of Brexit are likely to be inflationary but any rate hikes are expected to be gradual and limited.
    He added that any loss of trade openness with EU after Brexit is unlikely to be immediately compensated by ties with new partners.

    As we previously wrote, 1.346 tested back and violated is leading, finally, to a test in area 1.336 (important Support area).

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

    Weekly Trend: Overbought
    1st Resistance: 1.3460
    2nd Resistance: 1.3610
    1st Support: 1.3362
    2nd Support: 1.3285




    AUD/USD

    AUDUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Escalating war rhetoric between N Korea and USA are weighing on AUD.

    Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

    Australia reported its house price index for the second quarter jumped 1.9%, compared with a 1.1% gain seen. The Reserve Bank of Australia repeated that monetary policy is expected steady for "some time" in the minutes of its September rate review.

    Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

    Last Australian Manufacturing Index was better than expected and private new capital expenditure for the second quarter jumped 0.8%, well above a 0.3% gain seen. Also Building Approvals and Construction Work Done better than expected.

    Break of 0.7916 is now driving bears to sell till 0.78, important demand area.

    Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Neutral
    1st Resistance: 0.7980
    2nd Resistance: 0.8034
    1st Support: 0.7828
    2nd Support: 0.7735

  9. #19
    Lucas_SGT_Markets is offline Senior Member
    Join Date
    Aug 2017
    Posts
    129

    Default

    EUR/USD

    EURUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Brokers-and-CFD.jpg

    Eurozone Manufacturing PMI pared economists expectations.
    U.S. ISM Manufacturing PMI better than expected.

    German Unemployment better than expected and last EU preliminary PMIs surpassed expectations, indicating that economic activity picked up at the end of the third quarter, back to their recent multi-year highs. But last CPI (inflation) data across all the Europe (Germany included) ticked worse than expected while last U.S. GDP and U.S. job market confirmed again better than expected.

    Catalonia planned to hold a referendum on independence from Spain on Sunday 1 October: the referendum is deemed unconstitutional by the Spanish Constitutional Court so Spanish police moved to prevent independence vote. Spain is into its worst constitutional crisis in decades.

    Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

    Germany's election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. Building a coalition could take months as the three-way tie-up has not been tested at national level.

    New York Federal Reserve President William Dudley said the Fed is on track to gradually raise interest rates given factors depressing inflation are "fading" and the U.S. economy's fundamentals are sound. “I expect inflation will rise and stabilize around the (Fed's) 2% objective over the medium term," he said before adding that "in response, the Federal Reserve will likely continue to remove monetary policy accommodation gradually."

    As we wrote previously, breakout of 1.1856 (very important Support area) led down to the next Support area (1.176). Now breakout of 1.175 is likely to lead to a test of 1.1655 Support area.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Bearish
    1st Resistance: 1.1756
    2nd Resistance: 1.1856
    1st Support: 1.1655
    2nd Support: 1.1590



    GBP/USD

    GBPUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Brokers-and-CFD.jpg

    Last UK Manufacturing PMI worse than expected.

    BoE Governor Carney noted that the majority of the MPC were in agreement that the bank needed to raise rates if the economy stayed on track. UK GDP data ticked down, confirming an ongoing post-Brexit depression in the real conditions of the UK economy.

    Last U.S. GDP and U.S. job market again better than expected. Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

    Moody's has downgraded the UK's credit rating to Aa2. Outlook to stable after the downgrade. Moody's sees growth of 1% this year, and doesn't expect growth to recover to historic trends "over the coming years."

    Area 1.336 (important Support area) is broken. Now eyes on next important Support area: 1.32.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

    Weekly Trend: Overbought
    1st Resistance: 1.3285
    2nd Resistance: 1.3362
    1st Support: 1.3203
    2nd Support: 1.3099



    AUD/USD

    AUDUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Brokers-and-CFD.jpg

    The Reserve Bank of Australia (RBA) held its cash rate steady at a record low 1.50% as expected and signaled to markets that the economy continues to improve. Australia reported that building approvals rose 0.4% on month in August, below the 1.1% gain expected, while private house approvals fell 0.6%, compared to a 1.0% gain in July.

    Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

    Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

    Last Australian Manufacturing Index was better than expected and private new capital expenditure for the second quarter jumped 0.8%, well above a 0.3% gain seen. Also Building Approvals and Construction Work Done better than expected.

    New break of 0.783 area is now driving bears to sell till 0.774, important demand area.

    Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Bearish
    1st Resistance: 0.7828
    2nd Resistance: 0.7916
    1st Support: 0.7735
    2nd Support: 0.7680

  10. #20
    Lucas_SGT_Markets is offline Senior Member
    Join Date
    Aug 2017
    Posts
    129

    Default

    EUR/USD

    EURUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    EURUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.png1366x670 28 KB
    Very good ISM Non-Manufacturing data from the U.S. Also U.S. ADP Nonfarm Employment Change confirmed in good uptrend, also U.S. ISM Manufacturing PMI better than expected.

    German Unemployment better than expected and last EU preliminary PMIs surpassed expectations, indicating that economic activity picked up at the end of the third quarter, back to their recent multi-year highs. But last CPI (inflation) data across all the Europe (Germany included) ticked worse than expected while last U.S. GDP and U.S. job market confirmed again better than expected.

    Catalonia planned to hold a referendum on independence from Spain on Sunday 1 October: the referendum is deemed unconstitutional by the Spanish Constitutional Court so Spanish police moved to prevent independence vote. Spain is into its worst constitutional crisis in decades.

    Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

    Germany's election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. Building a coalition could take months as the three-way tie-up has not been tested at national level.

    Now, a confirmed breakout of 1.175 will likely lead to a test of 1.1655 Support area.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Bearish
    1st Resistance: 1.1756
    2nd Resistance: 1.1856
    1st Support: 1.1655
    2nd Support: 1.1590



    GBP/USD

    GBPUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    GBPUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.png1366x670 29.6 KB
    In the U.S., both ISM Non-Manufacturing and ADP Nonfarm Employment Change confirmed in good uptrend, also U.S. ISM Manufacturing PMI better than expected.

    Last UK Services PMI came slightly better than expected, while last Construction PMI hit a 12-month low and last UK Manufacturing PMI also worse than expected.

    BoE Governor Carney noted that the majority of the MPC were in agreement that the bank needed to raise rates if the economy stayed on track. UK GDP data ticked down, confirming an ongoing post-Brexit depression in the real conditions of the UK economy.

    Moody's has downgraded the UK's credit rating to Aa2. Outlook to stable after the downgrade. Moody's sees growth of 1% this year, and doesn't expect growth to recover to historic trends "over the coming years."

    Area 1.336 (important Support area) is broken. Now eyes on next important Support area: 1.32.

    Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

    Weekly Trend: Overbought
    1st Resistance: 1.3285
    2nd Resistance: 1.3362
    1st Support: 1.3203
    2nd Support: 1.3099



    AUD/USD

    AUDUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    AUDUSD-Daily-Forex-Analysis-by-SGT-Markets-Forex-Broker-and-CFD.png1365x671 29.1 KB
    Australia Retail Sales change came negative, disappointing economists projections.

    Crude Oil prices rebound after a larger-than-expected drop in U.S. Stockpiles.

    The Reserve Bank of Australia (RBA) held its cash rate steady at a record low 1.50% as expected and signaled to markets that the economy continues to improve. Australia reported that building approvals rose 0.4% on month in August, below the 1.1% gain expected, while private house approvals fell 0.6%, compared to a 1.0% gain in July.

    Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

    Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

    New break of 0.783 area will likely drive back to 0.774, important demand area.

    Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

    Weekly Trend: Bearish
    1st Resistance: 0.7916
    2nd Resistance: 0.7980
    1st Support: 0.7828
    2nd Support: 0.7735

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