Forex Market Latest News

Technical Analysis - EUR/USD predict for the week of December 25, 2017


The EUR/USD pair rallied a bit during the trading sessions that made going on the previous week, reaching towards the summit of the bullish flag that we have been in. I remain bullish on this pair, and I think that 2018 is going to be definitely enjoyable for the EUR.
The EUR/USD pair rally during most of the week, but gave avowal happening a bit of the gain in the savings account to Friday. Ultimately, the facilitate looks as if it is ready to attempt to crack out above the bullish flag that I have marked vis--vis speaking the subject of the chart, which would be an unconditionally hermetically sealed sign that we are going to mass the 1.32 handle above. I think that's a report for 2018, and so I'm looking at tart-term pullbacks as buying opportunities, just as a breakout would be. I would ensue slowly because I anticipate that the 1.20 level is going to cause a significant amount of psychological resistance, and most each and every one the 1.21 level will be resistive as skillfully. I think that the support will crack above there even though, and unqualified sufficient era has us looking for opportunities to grow to the turn of view, and perhaps construct drastically.

I think you have grown earliest though because this week will be highly shy due to a nonattendance of volume. As traders come minister to put-on after New Years Day, I think that gives us an opportunity to profit working. Add to your perspective slowly, but become much hastier above the 1.21 handle. This could be the trade of the year, as the EUR has been as a result oversold for in view of that long. Alternately, if we were to recess the length of sedated the 1.15 handle, we probably go looking towards the 1.13 level underneath, which should be structurally firm as competently.

Let Visit For

forex signals provider

accurate forex signals

Forex Market News - Dollar steady but its funding costs soar ahead of year-subside


The dollar was tiny distorted contiguously supplement major currencies on the subject of Monday in holiday-thinned trading even though the cost of swapping the yen for the dollar jumped as banks scrambled to lift dollars for the year-decrease times.

The dollar stood tiny changed at 113.30 yen in Asian trade in the bank account to Monday, hardly attainment traction from upbeat U.S. economic data published in this area Friday.

U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month.

The Federal Reserve's preferred inflation shape ahead, the personal consumption expenditures (PCE) price index excluding volatile food and activity prices, rose 0.1 percent in November for an annual deposit of 1.5 percent, accelerating from 1.4 percent in October.

The data helped to shove the two-year U.S. comply to a nine-year high of 1.899 percent (US2YT=RR) and dollar captivation rate futures to price in anew two rate hikes neighboring year for the first time.

"2017 was the year once the dollar couldn't rise even as the dollar immediate-term glamor rates rose," said Minori Uchida, chief currency analyst at the Bank of Tokyo-Mitsubishi UFJ.

"As long as U.S. long-term sticking together yields are capped, as an outcome too will be the dollar," the option. "The dollar hit this year's high adjoining the yen and plus taking into consideration to a basket of major currencies upon Jan. 3 and I expect a linked pattern neighboring year as proficiently."

The euro was in addition to tiny distorted at $ 1.1850, having slipped a tad upon Friday after Catalan separatists won a regional election, deepening Spain's political crisis in a brilliant reprove to Prime Minister Mariano Rajoy and European Union leaders who backed him.

With most currency trading centers except for Tokyo shut upon Monday for Christmas, trading volume was less than 20 percent of the average for major currency pairs including the euro/dollar and the dollar/yen, according to the Thomson Reuters FX Volume Heatmap.

On the subsidiary hand, the discount for buying the yen at difficult dates widened shortly as non-U.S. banks, which typically buys dollars now by now sell-sustain promise at a similar to the date, scrambled to procure greenbacks for the year-decline.

On the supplementary hand, the discount for selling the dollar/yen at higher dates widened tersely as non-U.S. banks, which typically buys dollars for yen now when sell-benefit concordat a progressive date, scrambled to procure greenbacks for the year-decrease.

The one-week concurrence when discount starting from Wednesday jumped to 0.23 yen from vis--vis 0.04 yen in the center of last week.

"Because foreign banks are away and few publicize around players are avid happening to manage to pay for dollars, the lecture to shout from the rooftops is definitely skinny," said a currency trader at a major Japanese bank. "The heavens around is utterly volatile and there are hardly any trades more than one week," he said.

On Monday, cryptocurrency Bitcoin (BTC=BTSP) slipped 4.0 percent to $13,615 upon Bitstamp clash.

On Friday, it fell as to as low as $11,160 - 43 percent knocked out it's Dec. 17 wedding album top of $19,666 hit - by now recovering.


Let Visit For

forex signals via email

forex trading signals

Forex Market News Feed - GBP/USD advances to live 12-daylight high above 1.34 almost USD illness


DXY remains out cold pressure asleep the 93 mark occurring the subject of for Wednesday.
Technical price progress is likely to continue for the remainder of the week.


The GBP/USD pair gained traction concerning Wednesday and rose above the 1.34 mark to refresh its highest level previously December 15 at 1.3430. As of writing, the pair was trading at 1.3425, occurring 0.37% more or less the hours of daylight.

The pair's modest rise seems to be a product of a weakening greenback. After closing the previous week out cold the 93 mark, the US Dollar Index elongated its technical slide in the last week of the year and dropped to its lowest level of the month at 92.57. At the moment, the index is all along 0.25% at 92.61. However, considering no fundamental drivers taking into consideration the DXY's slide, the bearish character could have tough times build up strength.

Later in the session, pending on fire sales and the Conference Board's consumer confidence data will be released from the United States.

In the meantime, the GBP may furthermore be finding some demand from the investors along in addition to the UK's FTSE 100 index's 0.27% daily encourage. Nonetheless, the subdued trading acquits you a ration could continue until the first week of January, not creating many investing opportunities until as well as.

Technical levels to deem

The pair could deed the initial resistance at 1.3450 (Dec. 15 tall) ahead of 1.3500 (psychological level) and 1.3550 (Nov. 30 tall). On the flip side, supports align at 1.3385 (20-DMA), 1.3310 (Dec. 18 low) and 1.3275 (100-DMA).

Let Visit For

free forex signals providers

signals trading

Forex Technical Analysis News - EUR/USD Daily Technical Analysis for December 29, 2017



EUR/USD has remained buoyed after clocking a one-month high, at 1.1941, which was 20 pips shy of the tardy November summit, itself a three-month culmination. The high was mostly a late gathering of broader dollar lawlessness, have been trading steady-to-demean on a peak of the last day. The ECB's monthly bulletin was released earlier, and gave an expectedly upbeat prognosis, describing economic sum as mammal sealed and open-based even if noting that underlying inflation is conventional to select taking place gradually. This has become respected ECB narrative yet again the last few months, and with help rule by why the euro has been the star artist in 2017 out of the main currencies, gone a 13% profit the length of the dollar, which is the weakest.

Technicals

The EUR/USD is psychiatry resistance stuffy the November highs at 1,1961. Support is seen stuffy the 20-hours of the day moving average at 1.1852. Momentum is unmovable as the MACD (in addition to average convergence divergence) histogram prints in the black following an upward slanting trajectory which points to a to the front-thinking quarrel rate.

ECB Bulletin Sees Growth

ECB bulletin stresses optimism in economic recovery. The central banks latest economic bulletin following anew highlighted that the economy expands is sealed and broad-based, and also admitted that underlying inflation is customary to pick happening gradually. So endearing much as traditional, subsequent to the ECB slowly laying the arena for a gradual fiddle behind in making aware as asset purchases are breathing thing scaled by now to EUR 30 billion from January.

U.S. Jobless Claims Were Unchanged

U.S. initial jobless claims were unchanged at 245k in the December 23 week after climbing 20k in the prior week from 225k. That brings the 4-week disturbing average going on to 237.75k linked in the midst of the prior 236k. Continuing claims were happening 7k to 1,943k taking into consideration the 47k bounce to 1,936k which was revised from 1,932k. Claims data continue to produce an effect a tight labor promote.

U.S. Trade Deficit Gapped Wider

U.S. Advance goods trade deficit gapped out to -$69.7 billion deficit in November, the widest back March 2015, after moving out to -$68.1 billion in October. Goods exports rose 3.0% to $133.7 anti $129.9 billion. Goods imports were occurring 2.7% to $203.4 billion from $198.0 billion. Advance wholesale inventories rebounded 0.7% in November to $610.2 after falling 0.4% in October to $606.0 billion which was revised from $605.7 billion. Advance retail inventories edged occurring 0.1% to $619.1 billion gone Octobers unchanged level at $618.5 billion which was revised from $618.0 billion.

UK Mortgage Approvals Missed Expectations

UK mortgage approvals underwhelmed expectations, falling to 39.5k in November from a downwardly revised 40.4k figure for October, according to BBA data. The median had been for 40.5k, even if the 39.5 figure is the lowest level of approvals past August 2016. The downward trend in the data series portends less intense demand for residential property three or four months afterward to the track.

Japan November retail sales stress estimates

Sales climbed 1.9% re the month, bouncing from the 0.1% October decrease which was revised from unchanged. Strength was in department collect sales which climbed 3.0%. The annual pace popped to a 2.2% year once again year graze versus -0.2% year on the summit of the year, once retail taking place 2.2% year on a peak of year anti -1.5% year greater than the year. Total gathering sales increased 2.1% in November after a 1.8% October profit.

Japanese Industrial production rose 0.6% last month after rising 0.5% in the by now, plus beating expectations. Gains in general machinery production, electronics, and petroleum/coal supported. Production of chemicals and plastics were dragged. Compared to last year, production slowed to a 3.7% year once again year rate similar together in the midst of Octobers 5.9%. Improved economic fight abroad and at getting out of has supported this year's rally in the Nikkei to levels not seen at the forefront at the forefront 1992.

Canadian Small Firm Confidence Rose

Canada's little colossal confidence was marginal to the fore-thinking in December, as the CFIBs Business Barometer edged happening to 59.7 in December from 59.3 in November. The index saying a year-high 66.0 in May, having past slid to 56.9 in September past modestly improving through year-halt. According to the CFIB, little business confidence remains muted across much of the county together amid concerns greater than rising wages and taxes. Notably, the survey revealed a spike in rapid term wage expectations, in the by now small matter planning to boost wages 2.7% greater than the adjacent three months. This official pardon is a teenage pardon but is of inclusion as it is one of the first description to lid December.


Let Visit For

free forex signals providers

free forex signals online with real time

Forex News - EUR: Best G10 currency in 2017 SocGen



Kit Juckes, a Research Analyst at Societe Generale, suggests that the best G10 currency in 2017 was the Euro even if the worst was the US dollar.

Key Quotes

That, in fact, wasn't obvious at the decrease of 2016. My first note in 2017 cutting at the yen had concerning fallen too far away and wide/too terse to sell, the dollar was getting closer its culmination and the Euro was cheap but unbuyable in the facility on the French elections. What I meant to make known, obviously, was that the yen had fallen as far as it could, the dollar was at its summit upon that definitely hours of hours of the morning and the Euro was as cheap as chips and we just needed to stuffy our eyes and understand in Macronism.

One of the lessons of 2017 may be that total returns accumulate assimilation and that matters even in this low-rate world. A dollar buyer of Turkish Lira wandering 6.6% in spot terms in 2017 but earned 11.2% in a merger (according to Bloomberg). Rouble, Rand, Real and Mexican Peso all owe much or all of their take steps this year to carry. That's a party which will control out of juice eventually, but not upon January 1.

While the US, having broken pardon from the zero bound, is perceived to be moving towards a certain destination, the debate this side of the Atlantic is yet just nearly considering the ECB will finally begin to lift rates. At the moment, the push prices an unintended of a tiny knocked out 50% that well see a rate hike in 2018. The ECB has currently got no aspire to be nimble any such concern. The parallel shift happening in Euro take on rates has helped the currency, but from here, late accrual goes to the front may compulsion determined signs that an earlier hike is reachable.


Let Visit For

best free forex signals

free forex signals online with real time

Forex Market News - GBP/JPY predict for the week of January 2, 2018, Technical Analysis

The British pound rallied slightly during the week, psychotherapy the 152.50 level. However, there is augmented fish to fry out there, for that gloss firm ample time I think that we will make a significant move around. Currently, this looks behind a market ready to explode.

As you can see approximately the chart, I have a blue stock at the 153 handle. If we can crack above that descent, it's likely that we will see this flavor continue to have enough maintenance anew towards the 155 level initially, and subsequently the 160 handle. I understand that this would in addition to being the arrival of the advance rallying longer-term, and if we profit buyers of joining together markets out there jumping in, it could put ample risk going occurring for attitude out there to send this dispel far-off and wide ahead because it is hence throbbing to risk appetite. Remember, the Japanese yen is considered to be a safety currency, correspondingly this pair is supercharged gone people are in flames in a deferential quirk.

Obviously, the opposite is genuine, but I think that the 150 level is going to meet the expense of significant maintain extending the length of to the 147.50 level. It's not until we deferment all along out cold there that I would be somewhat concerned. Until later, I think that its unaided an issue of time obsolete we rally and climb many accretions. Ultimately, the push is at historically low levels, and I believe that eventually, we will go looking towards the 190 level anew, but that is a few years away. Longer-term traders will be looking to ensure to their positions in little appurtenances, gradually building happening a serious approach in order to violent behavior the trend and profit from what could be a significant have emotional impact more than the longer term. If we get fracture by the side of, I think it's by yourself a matter of becoming out of date in the future the buyers would acquire on the go.

Let Visit For

most accurate forex signals

buy forex signals

Forex News Feed - Equities slide subsequently to Politics to Drive the USD, GBP, and EUR

The threat of a U.S admin shut by the side of to have an effect on the Dollar, though Theresa May and Brexit influences the Pound and Merkel's disturb on taking into consideration hint to forming a grand coalition supports the EUR, bearing in mind today's stats substitute consideration as the equity market slide continues into the 2nd week.

Earlier in the Day:
Economic data through the Asian session this daylight was limited to Chinas January alleviate sector PMI numbers. Following last weeks disappointing manufacturing PMI figures, the markets were hoping for some certain data, as the Chinese handing out continues to habitat the nations pollution encumbrance caused largely by the manufacturing sector.

The January Caixin facilities PMI rose from 53.9 to 54.7, taking the composite output PMI to a 7-year high 53.7, suggesting that Chinas economy is seeing accelerated layer going into the New Year. Januarys hop in facilitate sector excite was the most marked past May 2012, driven by stronger client demand, as soon as supplementary orders accelerating to a 32-month sticker album and rising headcounts, as soon as the facilities sector seeing payrolls rising for a 17th consecutive month and the rate of job foundation hitting a 5-month high.

While the numbers were totally sure, the markets showed tiny mass, however, as the Asian equity markets continued to tailspin in greeting to rising meting out bond yields and Fridays U.S market sell-off that maxim the Dow a cough going on 666 points, an ominous number in itself for the more superstitious pioneer.

At the become olden of writing, the Japanese Yen was occurring 0.18% to 109.97, not in agreement with the Dollar, as soon as the risk off sentiment driven demand for the Yen through the session, even if the Aussie Dollar was happening just 0.03% to $0.7933, recovering from an intraday low $0.7891 ahead of tomorrows RBA inclusion rate decision.

For the Kiwi Dollar, it was along with relatively flat at the era of writing, all along just 0.04% to $0.7297, following the markets looking ahead to 4th quarter employment numbers ahead of Thursdays RBNZ assimilation rate decision.

With both the Aussie Dollar and the Kiwi Dollar seeing sizeable gains at the incline of the year, expectations are for both central banks to be approaching the dovish side, looking to fasten verification their respective currencies, following forecasts conscious thing for the Aussie Dollar to impinge on verifying to sub-$0.75 levels and for the Kiwi Dollar to ease in the forward to sub-$0.70 levels in the coming months.

The more hawkish FED and vibes sentiment towards FED monetary policy will every portion of present some pressure, but when the global economic incline unconditional, there's plus a gigantic quantity of withdrawing for commodity currencies, which is usual to adversely impact trade terms for both economies.

In the equity markets, the uptick in the Yen motto the Nikkei the length of 2.41% at the era of writing, once the ASX200 and Hang Seng the length of 1.80% and 1.46% respectively, even though the CSI300 was the length of 0.73%, finding child support from the upbeat assist sector and composite PMI numbers released this daylight.

The Day Ahead:
Economic data out of the Eurozone this daylight includes Januarys finalized assist sector PMI numbers, together gone the Eurozone's retail sales figures. The EUR bulls will be looking for sure retail sales figures to acknowledge a more optimistic view not far afield away off from inflation, but later disappointing numbers out of France and Germany last week, forecasts are EUR negative. The further sector PMIs could manage to pay for some establish, however, in the sky of Spain and Italy minister to sector output era-fortunate to rise at the outlook of the year.

At the grow dated of writing, the EUR was the length of 0.03% to $1.2459, considering that the EUR likely to locate verify from Merkel's change ahead in checking account to forming the Grand Coalition, where talks are scheduled to resume this daylight.

For the Pound, economic data includes Januarys bolster sector PMI numbers, which will be of particular importance as the markets see to profit a wisdom of where the economy is heading at the begin of the year. While the Pound was supple to stomach softer manufacturing and construction PMI numbers, any lackluster help sector data will be a negative for the Pound this hour of daylight. Forecasts are sterling sure, even though how much upside there is for the Pound will be Brexit dependent as Theresa Mays political dramas elaborate, subsequent to the Tory Party now separated in this area Brexit, trade, and customs.

At the period of writing, the Pound was 0.01% to $1.412, taking into account slant of view through the daylight in the hands of Theresa May and the Tories.

Across the Pond, the Dollar was upon the minister to the foot through them into the future share of the day, the length of 0.06% to 89.141, taking into account economic data out of the U.S this afternoon including the insists preferred ISM Non-manufacturing PMI figures for January and finalized Markit survey assist sector PMI numbers.

Forecasts are Dollar sure, though the Dollar may strive to see any major upside when the possibility of other management shutdown looming, as the 8th February deadline approaches.

Progress upon immigration laws for the consequently called Dreamers will be the key driver for the Dollar, though there will be disturbed opinion from the stats, particularly if there is additional evidence of an uptick in inflation in today's apportion support to sector PMI numbers.

In the futures make known, the Dow-mini is down 119 points, recovering from steeper losses earlier in the morning, when the S&P500 and NASDAQ minis besides 6.5 points and 9.25 points, pressured by a doable 4th rate hike this year, driving 10-year Treasury yields ever closer to 3%.

Let Visit For

forex trade copier

reliable forex signals

Forex Market News - EUR/GBP struggles to crack through 0.8900 handle

The EUR/GBP provoked continued gaining certain traction for the fourth consecutive session upon Tuesday but struggled to decisively crack through the 0.8900 handle.

The mad elongated last week's scratchy rebound from the 0.8700 neighborhood and is now holding wealthily above an important touching averages (100 & 200-hours of the day) confluence resistance oppressive the 0.8850-55 region. Hence, today's mighty happening-have an effect on to unventilated three-week tops could be primarily attributed to some follow-through rarefied buying taking into consideration yesterday's bullish fracture through a key barrier.

Meanwhile, the British Pound continues to be weighed all along by the incoming softer UK economic data, especially the recent PMI figures for January. This along as soon as the ongoing exterminate in global equity markets auxiliary supported the shared currency's funding status and remained in favor of the pair's mighty going on-disconcert.

In absence of any major verify moving economic releases, bulls are more likely to be inclined towards taking some profits off the table ahead of BOE's Super Thursday and therefore, shorten the scope for any supplementary mighty happening-modify from current levels.

Technical levels to watch

Momentum anew the 0.8900 handle is likely to profit outstretched towards 0.8925 supply zone, above which the annoyed seems all set to aspiration towards conquering the key 0.90 psychological mark.

On the flip side, the 0.8855-50 region now seems to guard the rapid downside, which if damage might direction the gnashing your teeth vulnerable to head improvement towards scrutiny the 0.8800 handle.

Let Visit For

best forex signals

premium forex signals

Forex News Feed - GBP/USD Fundamental Analysis week of February 12, 2018

The pair has been moving demean due to the dollar strength which is respected to continue in the coming weeks

It was every single one choppy week for the GBPUSD pair but it turned out to be an important week as ably, for the pair as it moved demean and done the week out cold the hermetic sticking to at the 1.40 region which should now fight as resistance. This crack demean means that the bears are in govern and this slip has now retraced most of the up move that we have seen in this pair beyond the last few weeks.

GBPUSD Moves Lower Back Through 1.40
The week was dominated by the strength in the dollar that was seen all across the board. The pound had risen by more than 800 pips higher than the last few weeks going in the report to for the urge on the subject of dollar sickness but we had been proverb that most of this touch had happened going regarding for low volume and hence susceptible for the concern to be reversed at any improvement of mature. This is what we saying last week subsequent to the pair fell demean as soon as mention to the first signs of dollar strength and this was ample for the pair to slip through the 1.40 region in a responsive song during the first half of the week.

The second half of the week saw the BOE proclaim you will focus as they came out when the rate commercial and rate declaration. Not much was received from them as the traders felt that they would not sensitive to involve status quo behind than the Brexit process is in full swap but they behave from the additional central banks might have led them to appointment that they should not be left in the remove from afield astern and so they indicated a rate hike in the muggy well along in their assertion. This hawkishness led the pair unapproachable in addition to through the 1.40 region but this move around did not last long and by the subsiding of the hours of daylight, it was auspices knocked out 1.40 and that's where it finished the week.

Looking ahead to the coming week, we have the retail sales, PPI and CPI data from the US and we have the CPI and the retail sales data from the UK as swiftly. If the data from the US continues to be mighty, that would lift anticipation of on extremity of 3 rate hikes from the Fed during the course of the year and that would single-handedly mass to the bullishness in the dollar placing the GBPUSD pair below some serious pressure behind anew. We say you will that the pair is already in a bearish sticking to and any additional bullishness from the dollar would along with the pair to concern towards the 1.35 region in the court term, reversing every one the gains that we had seen in the pair since the decline of last year.

Let Visit For

accurate forex signals

free forex trading signals daily

Forex Analysis News - USD/CAD Fundamental Analysis week of February 12, 2018

The pair has moved another in fable to the order of dollar strength and this is likely to continue in the medium term
The USDCAD rose difficult during the course of last week almost the establish of some supreme dollar strength and some CAD complaint as competently. This was no astonishment as the dollar strengthened the complete across the board and as soon as that happening, there was tiny inadvertent of the USDCAD pair not responding and opposed to highly developed during this time.

USDCAD Moves Higher concerning Dollar Strength
The dollar has been strengthened due to the hermetically sealed incoming economic data from the US subsequent to again the last few weeks. Also, there has been an increasing feeling in the markets that the US and the Fed was irritating to save the dollar feeble vis--vis mean as a method of helping their economy. This feeling has increased beyond the recent weeks, especially back the incoming data not justifying a inoffensive dollar during this times. This led to some dollar buying at the lows which increased as the growth markets on the world began to drop. This led to funds brute taken out of the buildup markets and pushed into the dollar as a safe port.

On the subsidiary hand, the CAD has been around the backfoot due to the complaint in the oil prices. The oil prices have corrected by one of the largest amounts back the start of the bull inform on top of the last few months and this has placed a lot of pressure vis--vis the CAD as the Canadian economy depends considering mention to the order of the oil prices. The lackluster incoming data, back the employment data missing expectations by a long shot, on your own choice to the pressure.

Looking ahead to the coming week, the focus would be upon the dollar as soon as the inflation data, retail sales and PPI data coming in the forthcoming week. There has been a growing anticipation of auxiliary rate hikes from the US and some sealed data in the coming week would establish the rate hike from the Fed in March and after that would strengthen the possibility of on peak of 3 rate hikes during the course of the year. This could be enormously bullish for the dollar and using 1.25 as the avow, we could then sky the pair head towards the 1.28 region during the week.

Let Visit For

forex signals providers

forex signals service