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  1. #1
    Lucas_SGT_Markets is offline Junior Member
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    Default Daily FX Analysis: EUR/USD, GBP/USD, AUD/USD by SGT Markets

    EUR/USD

    EURUSD-Forex-Technical-Analysis-August-4-2017-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    U.S. ADP Nonfarm Employment Change again worse than expected. ISM Non-Manufacturing worse than expected too.
    Eyes on U.S. Nonfarm Payrolls, whether there will be a tough downside correction on EUR/USD or another bullish breakout is linked to next fundamental outcome.

    Spanish Unemployment Change worse than expected. German Manufacturing PMI and German Unemployment Change on the downbeat too.

    Deepening U.S. political uncertainty keeps the greenback on the defensive because the Trump administration remains under the cloud of a probe into alleged Russian meddling in the U.S. 2016 presidential election. Still, we think USD is oversold.

    On the other hand, ECB remarks appeared to signal a shift towards tapering monetary stimulus, but President Draghi reiterated that any changes to the stimulus program will be “gradual” and “cautious.”

    As we wrote previously, 1.1856 is a strong Resistance and it is working. We expect first a re-test back to 0.1756, then a correction down to 1.1655. In the case of bad news from the U.S., we can see EUR/USD conquering 1.19 area in an overshooting bullish enthusiasm.

    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: 1.1756
    2nd Resistance: 1.1856
    1st Support: 1.1655
    2nd Support: 1.1590



    GBP/USD

    GBPUSD-Forex-Technical-Analysis-August-4-2017-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Eyes on U.S. Nonfarm Payrolls.

    Sterling is falling after the Bank of England left interest rates on hold at record lows and cut its economic growth forecast for this year and next. UK Services PMI index increased more than expected but last UK Construction PMI dropped at the lowest since October 2016.

    No doubt that U.K. growth is slowing with the details of the GDP report showing weakness in the manufacturing and construction sectors. Growth is expected to ease further in the coming months as BREXIT gets underway.

    British Trade Minister said that it is perfectly reasonable that people want to have some transitional period until the final agreement with UE will be reached. "But we can't have a perpetual transitional period undermining the concept of Brexit itself," he added.
    The agreement between Conservative Party and Democratic Unionist Party is still occupying only the background of the global Sentiment on Pound.

    As we wrote, 1.3203 is an ultimate Resistance and we think unlikely to see price overcome that obstacle unless there will be bad data from the U.S. job market. 1.3099 Resistance should be reconfirmed as first downside target. In the case of bad news from the U.S., eyes on 1.33 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: 1.3203
    2nd Resistance: 1.3099
    1st Support: 1.2978
    2nd Support: 1.2830




    AUD/USD

    AUDUSD-Forex-Technical-Analysis-August-4-2017-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Eyes on today RBA Monetary Statement and Australia Retail Sales.

    Australia Trade Balance again on the downbeat. U.S. ADP Nonfarm Employment Change worse than expected.

    Australia reported building approvals for June jumped 10.9%, far outpacing a 1.5% gain seen month-on-month.

    The U.S. Federal Reserve statement noted that interest rates are likely to remain low for "some time", highlighting that increases in its benchmark rate will depend on incoming economic data.
    U.S. Conference Board Consumer Confidence better than expected, both Manufacturing and Services PMI in the U.S.A. were better than expected as well. Last U.S. GDP release pared expectations.

    On the other hand, the dollar fell amid expanding investigations into allegations that Russia meddled in the 2016 U.S. presidential election (investors are afraid that would sidetrack the implementation of Trump’s fiscal and economic policies) and after repeated failure of Trumps’s healthcare bill, not able to garner enough votes for replacing Obamacare.

    As we wrote previously, 0.8034 is very strong Resistance and it worked pushing price back to 0.7916 again. We confirm that 0.783 area will have to be retested, and this represents our first target.

    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: 0.7916
    2nd Resistance: 0.8034
    1st Support: 0.7828
    2nd Support: 0.7735

  2. #2
    Lucas_SGT_Markets is offline Junior Member
    Join Date
    Aug 2017
    Posts
    4

    Default

    EUR/USD

    EURUSD-Forex-Analysis-August-7-2017-by-SGT-Markets-Forex-Broker.jpg

    U.S. Nonfarm Payrolls better than expected.
    Spanish Unemployment Change worse than expected. German Manufacturing PMI and German Unemployment Change on the downbeat too.

    Deepening U.S. political uncertainty keeps the greenback on the defensive because the Trump administration remains under the cloud of a probe into alleged Russian meddling in the U.S. 2016 presidential election. Still, we think USD is oversold.

    On the other hand, ECB remarks appeared to signal a shift towards tapering monetary stimulus, but President Draghi reiterated that any changes to the stimulus program will be “gradual” and “cautious.”

    As we wrote previously, 1.1856 is a strong Resistance and it is working. We expected first a re-test back to 0.1756, and it happened. Now eyes on a probable correction down to 1.1655.

    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: 1.1756
    2nd Resistance: 1.1856
    1st Support: 1.1655
    2nd Support: 1.1590




    GBP/USD

    GBPUSD-Forex-Analysis-August-7-2017-by-SGT-Markets-Forex-Broker.jpg

    U.S. Nonfarm Payrolls better than expected.

    Sterling is falling after the Bank of England left interest rates on hold at record lows and cut its economic growth forecast for this year and next. UK Services PMI index increased more than expected but last UK Construction PMI dropped at the lowest since October 2016.

    No doubt that U.K. growth is slowing with the details of the GDP report showing weakness in the manufacturing and construction sectors. Growth is expected to ease further in the coming months as BREXIT gets underway.

    British Trade Minister said that it is perfectly reasonable that people want to have some transitional period until the final agreement with UE will be reached. "But we can't have a perpetual transitional period undermining the concept of Brexit itself," he added.
    The agreement between Conservative Party and Democratic Unionist Party is still occupying only the background of the global Sentiment on Pound.

    As we wrote, 1.3203 is an ultimate Resistance capable to turn price violently down and our first target in area 1.3099 has been abundantly broken down. The direction is now towards our first Support in area 1.2978.

    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: Bearish
    1st Resistance: 1.3203
    2nd Resistance: 1.3099
    1st Support: 1.2978
    2nd Support: 1.2830




    AUD/USD

    AUDUSD-Forex-Analysis-August-7-2017-by-SGT-Markets-Forex-Broker.jpg

    U.S. Nonfarm Payrolls better than expected. Eyes on today Australia Westpac Consumer Sentiment and Australia Home Loans.

    Australia Retail Sales better than expected. Australia Trade Balance again on the downbeat but building approvals for June jumped 10.9%, far outpacing a 1.5% gain seen month-on-month.

    The U.S. Federal Reserve statement noted that interest rates are likely to remain low for "some time", highlighting that increases in its benchmark rate will depend on incoming economic data.
    U.S. Conference Board Consumer Confidence better than expected, both Manufacturing and Services PMI in the U.S.A. were better than expected as well. Last U.S. GDP release pared expectations.

    On the other hand, the dollar fell amid expanding investigations into allegations that Russia meddled in the 2016 U.S. presidential election (investors are afraid that would sidetrack the implementation of Trump’s fiscal and economic policies) and after repeated failure of Trumps’s healthcare bill, not able to garner enough votes for replacing Obamacare.

    As we wrote previously, 0.8034 is very strong Resistance and it worked pushing price back to 0.7916 again. We confirm that 0.783 area will have to be retested, and this represents our first target.

    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: 0.7916
    2nd Resistance: 0.8034
    1st Support: 0.7828
    2nd Support: 0.7735

  3. #3
    Lucas_SGT_Markets is offline Junior Member
    Join Date
    Aug 2017
    Posts
    4

    Default

    EUR/USD

    EURUSD-Forex-Analysis-August-8-2017-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    U.S. Nonfarm Payrolls better than expected.
    Spanish Unemployment Change worse than expected. German Manufacturing PMI and German Unemployment Change on the downbeat too.

    ECB remarks appeared to signal a shift towards tapering monetary stimulus, but President Draghi reiterated that any changes to the stimulus program will be “gradual” and “cautious.”

    On the other hand, Federal Reserve’s speeches and the deepening U.S. political uncertainty keep the greenback on the defensive.

    Still, we think USD is oversold.

    As we wrote previously, 1.1856 is a strong Resistance and it is working. We expected first a re-test back to 0.1756, and it happened. Now eyes on a probable correction down to 1.1655.

    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: 1.1756
    2nd Resistance: 1.1856
    1st Support: 1.1655
    2nd Support: 1.1590




    GBP/USD

    GBPUSD-Forex-Analysis-August-8-2017-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    After last bad CPI and Construction PMI data, no doubt that U.K. growth is slowing with the details of the GDP report showing weakness in the manufacturing and construction sectors. Growth is expected to ease further in the coming months as BREXIT gets underway.

    British Trade Minister said that it is perfectly reasonable that people want to have some transitional period until the final agreement with UE will be reached. "But we can't have a perpetual transitional period undermining the concept of Brexit itself," he added.
    The agreement between Conservative Party and Democratic Unionist Party is still occupying only the background of the global Sentiment on Pound.

    As we wrote, our first target in area 1.3099 has been abundantly broken down. The direction is now towards our first Support in area 1.2978.

    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: Bearish
    1st Resistance: 1.3203
    2nd Resistance: 1.3099
    1st Support: 1.2978
    2nd Support: 1.2830



    AUD/USD

    AUDUSD-Forex-Analysis-August-8-2017-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Australia Westpac Consumer Sentiment and Australia Home Loans ahead.
    U.S. Nonfarm Payrolls better than expected.

    Australia Retail Sales better than expected. Australia Trade Balance again on the downbeat but building approvals for June jumped 10.9%, far outpacing a 1.5% gain seen month-on-month.

    The U.S. Federal Reserve statement noted that interest rates are likely to remain low for "some time", highlighting that increases in its benchmark rate will depend on incoming economic data.
    U.S. Conference Board Consumer Confidence better than expected, both Manufacturing and Services PMI in the U.S.A. were better than expected as well. Last U.S. GDP release pared expectations.

    On the other hand, the dollar fell amid expanding investigations into allegations that Russia meddled in the 2016 U.S. presidential election (investors are afraid that would sidetrack the implementation of Trump’s fiscal and economic policies) and after repeated failure of Trumps’s healthcare bill, not able to garner enough votes for replacing Obamacare.

    We first expect a breakout of 0.7916, important Support. Then 0.783 area will have to be retested, and this represents our first target.

    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: 0.7916
    2nd Resistance: 0.8034
    1st Support: 0.7828
    2nd Support: 0.7735

  4. #4
    Lucas_SGT_Markets is offline Junior Member
    Join Date
    Aug 2017
    Posts
    4

    Default

    EUR/USD

    EURUSD-Forex-Analysis-August-17-2017-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Eyes on today Eurozone CPI data.

    Fed’s policymakers agreed a fall in longer-term inflation expectations would be undesirable. They disagree on whether inflation expectations were well-anchored. Most of them expected inflation to pick up in next few years, but many saw rising chances of inflation remaining below target (2%).

    Another hit to U.S. administration following an exodus from and eventual disbanding of U.S. President Donald Trump's manufacturing council and strategic policy forum.

    German GDP (Preliminary release) worse than expected.
    U.S. Retail Sales increased more than expected after 4 months of figures disappointing the forecasts.

    U.S. Core Inflation figures ticked down again (for the fourth time in a row). Also, U.S. PPI (another Inflation data) worse than expected.

    Geopolitical tensions deepened, and tensions between Pyongyang and Washington continue to escalate.

    The ECB's big dilemma is that while the euro zone economy has grown for 17th straight quarters and employment is rising faster than expected, wage growth remains anemic, keeping a lid on consumer prices. Economists are now trying to figure out whether wages are showing an unexpectedly delayed response or whether wage setting dynamics may have fundamentally changed in the post-crisis, globalized economy.

    As we wrote previously, we expected first a re-test back to 1.1756, and it happened both the 7th and the 15th of August. Now eyes on the continuation of this retracement down to 1.1655 (First important Support).

    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: 1.1756
    2nd Resistance: 1.1856
    1st Support: 1.1655
    2nd Support: 1.1590




    GBP/USD

    GBPUSD-Forex-Analysis-August-17-2017-by-SGT-Markets-Forex-Broker-and-CFD.jpg

    Eyes on today UK Retail Sales.
    UK Job Market better than expected: UK unemployment falls to lowest since 1975.

    On the other hand, the greenback fell following the announcement from Trump via Twitter about the eventual disbanding of U.S. President Donald Trump's manufacturing council and strategic policy forum.

    Furthermore, Federal Reserve policymakers were split on the outlook for future rate hikes, as Fed members struggled to balance concerns about the slowdown in inflation with the growth in the labor market.

    As we expected, the consolidation below 1.2978 led GBP/USD straight down to our Support 1.2830. We still are bearish until 1.27 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: Bearish
    1st Resistance: 1.2978
    2nd Resistance: 1.3099
    1st Support: 1.2830
    2nd Support: 1.2705




    AUD/USD

    AUDUSD-Forex-Analysis-August-17-2017-by-SGT-Markets-Forex-Broker.jpg

    Australia Employment Change better than Expected but Full Employment Change negative.

    The Reserve Bank of Australia minutes painted a possible stronger than expected growth spurt in the coming year in an otherwise light data day with North Korea a bit toned down on firing missiles at or near U.S. territory Guam.

    A nearly twelve-month low for Chinese refinery activity come against concerns that a glut of refined fuel products could lessen demand for oil, reducing the prospect of oil inventories falling below the five-year average, adding pressure on oil prices. AUD weakened as well.

    China Industrial Production disappointed expectations.
    U.S. Core Inflation figures ticked down again (for the fourth time in a row). Also, U.S. PPI (another Inflation data) worse than expected.

    The dollar suffered as geopolitical tensions between the U.S. and North Korea intensified. On the other hand, Australia home loans data rose 0.5% for June, compared with a 1.5% gain expected. China consumer and producer prices ticked down.

    The Reserve Bank of New Zealand held its official cash rate at a record low 1.75% as expected and said that it expects a neutral view to persist with inflation projections well anchored around 2%. Australia Retail Sales were better than expected. Australia Trade Balance was again on the downbeat but building approvals for June jumped 10.9%, far outpacing a 1.5% gain seen month-on-month.

    On the other hand, the dollar fell also amid expanding investigations into allegations that Russia meddled in the 2016 U.S. presidential election (investors are afraid that would sidetrack the implementation of Trump’s fiscal and economic policies) and after repeated failure of Trumps’s healthcare bill, not able to garner enough votes for replacing Obamacare.

    As we wrote previously, breakout of 0.7916, important level, led down to 0.783 area, our first target. We are still bearish until 0.774 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: 0.8034
    1st Support: 0.7828
    2nd Support: 0.7735

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