You don't understand a specific financial term ? Visit our Forex glossary
Page 73 of 78 FirstFirst ... 23637172737475 ... LastLast
Results 721 to 730 of 779
  1. #721
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    USD/JPY Technical Analysis: March 2, 2018

    The U.S. dollar retreated in the beginning during the Thursday trading session and reach the level of 106.50 prior its rebound to the level of 107. Overall, the price level of 107.50 will probably be attained then move towards the area of 108. There is also the presence of noise but the 106.50 level is also giving off support. Presence of buyers will be felt for some time, especially when the stock market gained its momentum once again. The market would then reach the area of 110 towards the level of 114.

    A massive support was seen close to the area of 105, which has been psychologically significant and structurally previously. Hence, a breakdown below would not be a good thing for the pair and confirms the decline to the level of 100.

    In long-term, the market would further climb higher especially if the rise in interest rates would continue amid the differential interest rate of ten-year notes between both countries and propel towards its next move, although, this would be good for a long-term goal. The market will probably proceed with noise but there are also opportunities to pullbacks that some would take advantage immediately.
    Andrea ForexMart, Official Representative
    ForexMart

  2. #722
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    EUR/USD Fundamental Analysis: March 6, 2018

    The EUR/USD pair constantly trading in a strong manner as it moves away from the election results in Italy. The focus remains to be on the dollar weakening felt across the markets. It is somewhat surprising for those who expected that the Italian election will bring an impact towards the euro area but the results of further led concerns of the EU leaders.

    Italy is the third biggest economy in the European region and the election results indicate the increasing anti-establishment votes. This event is common from all over the countries especially from the United States to Asia. Hence, this should be one of the main concerns of the Euro officials since this kind of trend may grow continually which could hurt the euro and its existence in the following years. However, this does not necessarily mean that the euro is free from any burden while traders appear to be happy about the maintained current situation. This the reason behind the move of the euro/dollar pair through the 1.2350 level as of this writing

    Ultimately, there are no important economic news or data from the EU or the US for this day but this reflects some ranging and consolidation in the near-term. Also, the markets anticipate further set of data in the second half of the week from the United States, indicating a short-term trend for the greenbacks.
    Andrea ForexMart, Official Representative
    ForexMart

  3. #723
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    GBP/USD Fundamental Analysis: March 7, 2018

    The British pound resumes its uptrend amid the weakened dollar across all market in the past 24 hours. Although the increase was not as high as it can be, it was able to move steadily which has assisted the British currency to recover from its lows and have a steady uptrend over the past few days. These gave the investors more confidence during the said period of time.

    Meanwhile, the sterling pound has been moving steadily and further boosted by the lack of economic data. The ongoing Brexit negotiation following the set plan also supports the pound. Euro leaders have been busy with their domestic concerns and at the same time, rumors and commentaries about them have also lessened At the same time, the Brexit negotiation has assisted the dollar to move steadily.

    The dollar got behind against other currencies following the resignation of Trump’s economic advisor, John Cohn, which is not favorable for the president and his team as they have had some difficulties in handling situation in the past few months. On the other hand, this is advantageous for the dollar as the overall market which is the reason for the dollar’s decline during this period of time.

    The market is getting ready for the slew of data in the upcoming days with a new month has begun. The ADP employment report expected to be released today will hint at the results of another incoming data of Friday. If the data came out weakly, this would further push the GBP/USD pair towards the area of 1.40.
    Andrea ForexMart, Official Representative
    ForexMart

  4. #724
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    EUR/USD Technical Analysis: March 9, 2018

    The euro paired with the dollar had whipsawed yesterday and pulled lower after the monetary policy meeting of the ECB. The focus of the meeting was back again about removing the easing bias. The European Central Bank (ECB) decided to kept the interest rates unchanged and further confirmed the timeline of the Quantitative Easing (QE) until the end of September. Moreover, the unemployment claims edged higher from its 48-year low over the past 24 hours. But the US labor market remained tight to support the American currency.

    The EUR/USD pair moved downwards and formed a triple top followed by a head and shoulder reversal pattern. The resistance entered the 1.2446 region which is close to its March highs, while the support touched the 1.2308 level around the 10-day moving average. The momentum had a reversal and approached the negative territory. The MACD index showed a crossover sell signal as well as the fast stochastic indicator. As of this writing, the MACD histogram prints in the red with a descending sloping momentum which reflects lower prices.


    EURUSD09.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  5. #725
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    EUR/GBP Technical Analysis: March 19, 2018

    The EUR/GBP pair has plenty of noise during the trading course last week. However, the current position is in the significant consolidation zone. The level below the 0.87 is the “floor” of the market and the area above 0.90 is the “ceiling”. The pair seems appealing to short-term traders but there could be an ascending trend in general. We are waiting for the results of the talks between the United Kingdom and the European Union, upon the clarity of this, the EURGBP will strive to conduct significant moves.

    Despite of this, the market may still offer significant opportunities but the longer-term trader will continue to struggle and possibly hold the range that provides benefits in trading despite any fluctuations. An ability to break down under the 0.87 handle will push the market to the 0.85 eventually. Otherwise, a cut through on top of the 0.90 region would give rise to a “buy-and-hold” scenario. The level above 0.93 handle is the most recent high. As of this writing, there are no break out expected in the next few weeks and would lead to a range bound short-term market.


    EURGBP19.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  6. #726
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    GBP/USD Fundamental Analysis: March 21, 2018

    The British pound against the U.S. dollar had a downward correction due to the pressure from the dollar which has been strengthening across markets yesterday. The pair positions just over the area of 1.40 and there seems to be no threat for the bulls but it is still uncertain who will lead the trend.

    There will be high volatility in the market with the expectation of the FOMC rate announcement which would then be followed by a press conference. It is highly anticipated that the Fed will raise their rates for the first time, which is highly possible. However, we cannot be certain if the market expectations of a hawkish decision would be met, which the market bulls area also hoping for.

    However, if the greenback weakens, this would come about just for a short period with the incoming data to dominate the market and boost the dollar. For tomorrow, we have the BOE meeting to look forward to but it is yet to be known if this will have a hawkish tone, in consideration of the Brexit talks in the past few weeks. If this happens, traders should expect for volatility.

    Considering all this, traders are suggested not to presume any outcome or direction and trade deciding on the how the situation presents. It is best to wait for the markets to settle down then decide later on when the market has stabilized. For today, the FOMC meeting will be the center of attention that could result in consolidation in the market.


    GBPUSD21.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  7. #727
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    USD/CAD Technical Analysis: March 26, 2018

    The American currency plummeted against its Canadian counterpart during the previous trading session and began to move near the 1.31 handle and break the 1.30 region. The oil markets performed pretty well which make sense. It seems that the market will find further reasons to chop around the 1.28 zone, which appears to offer support.

    The cluster seen in this region served as the current support but this indicates a negative note as the “two-week shooting star” pattern was formed after a complete round trip. Alternately, an ability to break above these 2 candles would likely show a bullish sign but the USD/CAD is preparing to move back and forth amid concerns on trade war breakout.

    It seems that the short-term traders will prevail over the market next week with the 1.28 region as the floor and 1.31 would act as the ceiling. Hence, the situation might be very choppy and tough, however, breaking on top of the 2 candle will clear the way through the 1.35 handle. Market players should observe the WTI Crude Oil and a gap over $70 is enough to break the market downwards.


    USDCAD26.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  8. #728
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    GBP/USD Fundamental Analysis: April 2, 2018

    The GBP/USD pair continued trading around the 1.40 support zone which is expected to be the battleground between the bears and the bulls in the near term. However, it is difficult to make a conclusion since today is a holiday in many countries in celebrating the Easter Sunday. Hence, liquidity and volatility are predicted to be extremely low.

    The Cable managed to move over the 1.42 level in the past few weeks amid the dollar weakening and also because the BOE’s hawkishness which continues to become a stronger economy as the Brexit process become smoother. The process resumed a slow, steady and continuous manner and it would take less than a year prior to the completion of the process.

    So far, the British economy supported for such improvement as the process continue to smoothen and the UK had a positive performance which helped the Bank of England to conduct a rate increase during this period.

    The resumption of a stable economy is beneficial for the central bank to consider further rate hikes ahead and this helped the BOE to maintain a hawkish stance. These events pushed the pair near its highs in the short-term range but it met a lot of selling as the American currency strengthen. As a result, the GBPUSD pair hovered around the significant level of 1.40. In case that the support was broken, the bears will have an opportunity to dominate again the market.

    Ultimately, there is no major news from the UK or the US since its holiday in most parts of the world which indicates that the volatility and liquidity would be low for that day.


    GBPUSD02.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  9. #729
    Andrea FXMart is offline Senior Member
    Join Date
    Jan 2016
    Posts
    754

    Default Daily Market Analysis from ForexMart

    EUR/USD Fundamental Analysis: April 16, 2018

    Missile launch directed to the specific target in Syria from the U.S. and their allies although the effect is not that big impact. Last week, there are topics regarding the possibility of a war between the U.S. and Syria. The situation is worsening that resulted in choppiness in the market.

    A lot of investors has become anxious because of choppiness and the market has become more appealing. Hence, the trend was seen to have consolidated and trades in a range. The attacks over the weekend were said to be from the United States. On a lighter note, this is just for short-term which happened one time that cooled down concerns about a war. This has largely calmed down the market that is reflected in the market in the present condition.

    Euro has been trading in a range for a number of weeks already and the tendency to break out in any direction is not clearly visible at this time. Although, there are breakout attempts on either side but did not come out with anything due to uncertainties caused by various factors including the area of Syria, the trade war between China and the U.S. as well as, the QE program.

    For today, the retail sales data from the U.S. is unexpected to be released today as the first day of the week. Nonetheless, there is a slow data for today. Excluding the geopolitics concern, this data is anticipated to be more appealing that could initiate the trend for short-term.


    EURUSD16.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  10. #730
    GrindaK is offline Junior Member
    Join Date
    Apr 2018
    Posts
    19

    Default

    US dollar is losing some power and JPY is going up and up. You can still buy the yesns against the dollar. The market is behaving in the favour of the japanese currency. I think the trend will continue in the next couple of weeks. What do you people think about it?

Page 73 of 78 FirstFirst ... 23637172737475 ... LastLast

Similar Threads

  1. Daily Fundamental analysis by ForexMart
    By AppleFXMart in forum FX Articles
    Replies: 715
    Last Post: 07-30-2017, 10:42 PM
  2. Economic and company news by ForexMart
    By AppleFXMart in forum USD JPY
    Replies: 278
    Last Post: 07-27-2017, 09:28 PM
  3. Forex Analytics By Forexmart
    By Andrea FXMart in forum General Topics
    Replies: 284
    Last Post: 06-14-2017, 11:19 AM
  4. Replies: 0
    Last Post: 04-08-2013, 10:19 PM
  5. Replies: 0
    Last Post: 05-12-2011, 03:10 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