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  1. #681
    Andrea FXMart is offline Senior Member
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    EUR/USD Fundamental Analysis: November 21, 2017

    The EUR/USD pair has a choppy which lead the whole trading session in the past 24 hours.Although, this was influenced by the events in Germany which have put pressure on the market. The euro was affected by the news of the coalition talks in Germany which resulted in a breakdown and declined to a much lower rate during the Asian session. It seems that the euro will be weakened but this was reversed during the trading session as it gained strength.

    The euro climbed higher reaching the level of 1.18 as the market ignored the happenings which moved the whole trend higher. It was clearly shown that there is some pressure in the pressure which would be more obvious later on. It initiated during the U.S. session but the euro declined once again lower than the 1.1750 by the end of the day and will most likely continue.

    Merkel has been facing an obstacle that has weakened both locally and internationally amid the Brexit negotiations. She would want to be in alliance with other parties although, she knows that this would not be easy. Another option is for her to go for another election but this would bring more uncertainty. It cannot be determined if she will come out stronger or would weaker position in the election. This shaken the German market which also affected the euro.

    For today, there is no major news anticipated from the Eurozone or from the U.S. The euro is anticipated to trade in a weak manner in the course of the day and reached lower than the level of 1.17 until there are still pressure present in the market.
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  2. #682
    Andrea FXMart is offline Senior Member
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    EUR/USD Technical Analysis: November 22, 2017

    The EUR/USD pair was traded in a narrow range during the shortened week because of the holiday that affects both America and Japan on Thursday. The dollar gained momentum at the beginning following a positive home sales report that boosted the U.S. greater than 2 percent.

    The U.S. Chicago Fed National Activity index rose in October as well as the Retail store sales in the past week which is due to the busy holiday season.

    The euro major pair rebounded at the support level close to the 10-day Moving Average at 1.1718 which stays afloat higher than the neckline of the head and shoulder pattern. Although, it was not able to initiate liquidation for long-term. There is a resistance found close to the

    November highs at 1.1860. The forward momentum is declining as the MACD histogram print is in black with a southward trajectory which could lead to the consolidation of the pair.


    EURUSD22.jpg
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  3. #683
    Andrea FXMart is offline Senior Member
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    GBP/USD Fundamental Analysis: November 23, 2017

    The GBP/USD pair gained more strength from the American dollar than the British pound after the publication of FOMC minutes. The announcement of budget and UK economic outlook had a slight impact towards the pound, hence, the weakness that was left in the dollar provided support to the Cable pair in order to edged higher.

    This day is predicted to be highly volatile for the GBP due to the UK budget announcement and FOMC minutes in the United States later. If this happens, the GBPUSD would decline to the 1.3220 mark during the London hours after the issued news relative with the Britain’s budget, however, when the details were already published the flow is expected to reverse.

    The announced budget seems to have huge borrowing amount that softened the sterling initially but reduced the trend productivity. This helped the pair to make a reversal and drive upwards near the 1.3250 level. Moreover, the GBP remained unchanged until the issuance of the Fed minutes which said that majority of the members agreed with the rate hike in December, but the following increase is not yet sure.

    Mainly, concerns regarding inflation continues and the central bank stated that they wanted to wait for further upcoming data prior making a final decision for a further rate increase. The focus of the market is centered on the dovish statement that will weaken the greenbacks as well as to support the Cable to move near the 1.33 level. The pair is currently trading above 1.33 and would be better to push towards the mark 1.34 in the short-term.

    Ultimately, the second estimate for the UK GDP is expected to release and marks the onset of the long weekend due to US Thanksgiving celebration. This indicates that liquidity may dry up while volatility could possibly lower down. In that event, it is not surprising for a boring consolidation for the rest of the day.
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  4. #684
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    GBP/USD Fundamental Analysis: November 24, 2017

    The British pound moved at a steady pace for the day as the pound bulls could not really make use of the long weekend in the U.S. which induced low volatility in the past 24 hours. This resulted in a subdued trading of the currency since the GDP data has been released which does not have much of an effect on traders as well as the volatility.

    The publication of the GDP data marked the day which is already anticipated. Yet, this did not have any significant effect on the pound quotations. This would be beneficial for the pound bulls since the economy is about to balance out. Moreover, another budget data which was released the other day giving a positive result that sustained the rate of the pound for short-term amid the Brexit negotiations.

    The domestic concerns of the country which were face UK PM May and the German leader Merkel but this has a minimal effect on the Brexit talks. It is already presumed that a breakout would occur after the December meeting which is yet to be observed where there will be an agreement between countries. Ultimately, this will be beneficial for the U.K. economy as well as the pound yet this are just prospects.

    For today, there is less economic calendar along with the U.S. Thanksgiving for the weekend. The pound is anticipated to range within narrow levels and consolidate through the course of the day. This day will most likely result in a lackluster trading as the weekend is drawing closer.
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  5. #685
    Andrea FXMart is offline Senior Member
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    EUR/USD Technical Analysis: November 27, 2017

    Most of the economies appeared to have an optimistic situation, however, political concerns that affect Europe especially the argument on German politics that heightened concerns over the nearing elections in Hungary, Italy, and Spain. Nevertheless, the Brexit negotiations are completely on track and conducted a significant move forward. According to reports, the United Kingdom offered further deal to clear the way for the European Council to comply with the initial transition and trade talks on December 14-15 summit.

    The long transitional period and initial clarification towards the future relationship between Britain and the European Union seems to be essential for business plans and investments to increase. The EUR/USD pair broke out as Brexit talks could possibly advance and pushes the rate higher and plans to test resistance at 1.2092 level around September highs. The support is at 1.2092 region near the 10-day moving average. The positive momentum moved upwards as the relative strength index (RSI) broke out and climbed higher. It prints a reading of 69 which is located on the upper end of the neutral range heading to a higher exchange rate for the eurodollar. The momentum showed by the MACD histogram trailed upwards as the indicator prints in the black with an ascending trajectory which indicates to higher rates of prices.
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  6. #686
    Andrea FXMart is offline Senior Member
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    USD/JPY Technical Analysis: November 28, 2017

    The American dollar weakened versus the Japanese yen throughout the trading session yesterday, while the downward pressure continues. The path towards the 111.50 zone was already cleared and there is a possibility that the market will remain moving down near the bottom area of the overall consolidation felt in the past few months, in case of an extension towards 108 handle. This could possibly true since the US Congress cannot even establish substantial tax bills.

    Moreover, it is preferred to impose a buy signal until a break on top of the 112 level on a daily close unless a supportive trend formed around the 108 handle, which is regarded previously as significant and supportive. The market would likely to make a reversal and the US Congress would be able to completely perform its task.

    Meanwhile, the current situation can be defined as some sort of “sell the rallies”, as the greenback softened across the board. The JPY remains to be considered as safety currency and a cautious move can be witnessed given enough time. As shown in the hourly chart, a shooting star begins to form at the 111.25 mark which is a previous support and expected to be resistive at this moment. A cut through at the 110 level could possibly the next move and descended beneath the 110 region that nearly open the way through the 108 handle. Generally, a lot of volatility is predicted to continue, however, the general downward pressure remains to be a situation in the market that shows extreme choppiness.


    USDJPY.jpg
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  7. #687
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    EUR/USD Technical Analysis: November 29, 2017

    The Euro paired against the U.S. dollar declined once again since the upsurge during the Friday trading session. The German IFO came out better-than-expected was counterbalanced by a steadfast consumer confidence which pushed the OECD with the tendency that overestimated the potential growth of Europe.

    The EUR/USD pair declined as it tested the support level close to the 10-day moving average at 1.1818. The resistance level reached close to the September highs of 1.2092. The momentum persists in a good condition as shown in the MACD histogram where the print is black with an upward sloping trajectory that will most likely lead to higher exchange quotes. The head and shoulder reversal pattern was not successful as the peak reached at a neckline close to 1.1660. The latest upsurge has contradicted the reversal.
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  8. #688
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    EUR/USD Technical Analysis: December 1, 2017

    The EUR/USD pair rose because of strong yields as it gained strength after inflation from France and a positive Chinese PMI manufacturing data. The Eurozone inflation came our dovish which resulted in a higher euro major currency pair.

    The EUR/USD pair rally as it bounced to the support area close to the 10-day moving average at 1.1836. The resistance was found near the weekly highs at 1.1961. There is a neutral momentum seen in the trend as the MACD was printed in black with a flat trajectory that could lead to a consolidation. The RSI index climbed higher because of the positive impetus in the market.


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  9. #689
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    EUR/USD Fundamental Analysis: December 1, 2017

    The EUR/USD pair resumed trading in a robust manner in the past 24 hours while the strength of the US dollar alternately moves higher and lower amid the trading session yesterday. Moreover, this helped the eurodollar pair to go nearer the 1.19 level and continues to trade during the first part of the day on Friday.

    The headlines on Thursday was mainly about the American dollar along with its tax reform bill which continues to undergo the Senate. While President Donald Trump and his team remain confident that the bill will be approved, the delayed process has placed pressure on the USD. It is expected that the proposed law will be enacted in the middle day of the week and because of different issues, the approval was delayed. Since we are currently on the last day of the week, the bill is not yet approved, however, it is expected to be passed today.

    The ratification of the tax reform could possibly provide a limited and short-term increase to the greens but the underlying strength of the single European currency is clearly apparent for everyone to notice. As the tax reform bill is also priced into the markets, there is no any significant run from the USD regarding the bill enactment. It is still unclear if the euro will keep on gaining strength and reach the 1.20 level which could possibly the next target of the bulls

    Ultimately, there are no major economic releases from the United States or the European region for this day, since the tax reform is projected to rule over the present day. The other main focus is the decision of the euro bulls whether to continue pushing the euro higher.
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  10. #690
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    EUR/USD Fundamental Analysis: December 4, 2017

    The euro paired against the U.S. dollar declined since the dollar is starting to strengthen in the past day. The dollar was the highlight in the past week. This will be applicable for the data which will be released from the U.S. due to political issues.

    Tax reform will be pushed through by the Senate which would be beneficial for the greenback. The dollar will continue to climb higher as long as the process goes on accordingly. This is what has been happening since Friday. On the other hand, the issue concerning Flynn adds more pressure to the dollar which will put it in a negative stand.

    These changes will most likely be the highlight in the news when it comes to the dollar and focuses the week. The dollar will move steadily during the short-term as the end of the week approaches. The rate hike is also anticipated to push through from the Fed for this month. Even though the dollar will rally for a brief period of time, these factors placed the dollars at a good bidding.

    There will be no major news from the eurozone or the U.S. for today. However, the dollar will remain strong for the day because of the reasons mentioned above. This keeps the euro under pressure that could result in consolidation and ranges around the level of 1.19 during the day.
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