Analytics News and Market Forecast

Daily price is on bearish condition for ranging between the following s/r levels:
1.0847 support level located below Ichimoku cloud and far below Sinkou Span A line on the bearish area of the chart, and
1.1113 resistance level located on the border between the primary bearish and the primary bullish on the chart.
Chinkou Span line is located below the price indicating the ranging market condition by direction.
D1 price - ranging within key levels:


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Weekly price for Financial Times Stock Exchange Index (FTSE 100) is on bullish market condition for ranging between 7072 resistance level located above Ichimoku cloud in bullish area of the chart, and 6371 support level located below Ichimoku area in bearish zone. The price is trying to break symmetric triangle pattern with yearly Central Pivot at 6474 and R1 Pivot at 6909.
Chinkou Span line crossed the price few times on both directions indicating the ranging market condition to be continuing.
'Reversal' Sinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on the chart) is located below and near the price which makes bearish reversal to be very possible in the near future.
The nearest support levels are Central Pivot at 6474 and 6371.
The nearest resistance level are R1 Pivot at 6909 and 7072.


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This is the other interesting pair you can make money with, together with AUDCAD and NZDUSD. W1 price is on primary bullish with ranging between the levels: Both levels are located to be far above Ichimoku cloud for the primary bullish market condition so I think the reversal to the bearish is absolutely impossible for…

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W1 price is on primary bearish with secondary bear market rally with good possibility to reversal. The price was on bearish ranging market condition and the secondary market rally just started last week only. The price is located between 0.9361 support and 0.9879 resistance levels. Chinkou Span line of Ichimoku indicator is trying to break…

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This is busy week for euro with one high impacted news event - on Tuesday morning we will see ZEW German business confidence data which is expected to remain the same as last month’s figure: 63.9. And the figure which comes in below the expectations could prompt weakness.
"Industrial production data for the Eurozone is out on Wednesday; given with last week’s poor figures from France and Germany, this is likely to be a disappointing figure on the whole," says Carl Hasty at Smart Currency Business.


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The latest survey result is 51.6 vs 51.0 prev. It was the first climb in three months. At the same time, the outlook index dropped for the second straight month in July by 1.6 percent to 51.9 from 53.5 in the preceding month. In May, the score came in at 54.5. And to remind: above 50.0 indicates optimism, below indicates pessimism.
Anyway, Japan economy looks good in 2015 experienced a surprisingly robust economic performance. When Prime Minister Shinzo Abe assumed office in 2012, the administration embarked on economic policies known widely as "Abenomics" which included a steps to devalue the yen currency, increased government stimulus spending and structural reforms. While the plan initially drove massive gains in Japanese stock market and boosted investor confidence, some observers began to express doubts. The Bank of Japan expects to achieve the goal of reaching two per cent inflation by the middle of next year but have mostly held to the sidelines after October 2014. In order for


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Gold is traded not far above a five-and-a-half-year low on Monday with firm dollar after solid US job data suggesting that Federal Reserve could raise interest rates next month. Spot gold was unchanged at $1,092.86 by 02:20 GMT recovering from low of $1,089.40.
Higher interest rates are a boon to the dollar but they typically weigh on dollar-denominated commodities like gold - because a stronger dollar makes those commodities more expensive for holders of other currencies.
The metal fell for a seventh week in a row - its longest since 1999 having struggled to pull away from a 5-1/2-year trough of $1,077 reached during a late rout in July. US gold for December delivery eased 0.2 per cent to $1,092.20 an ounce.


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Chinese data
The People's Bank of China will provide more stimulus to the economy by cutting the 1-year lending rate by at least 25bps. The Bank already cut 3 times taking interest rates from 5.60% to 4.85%. Foreign trade data for July fell short of expectations - the PBoC still has room to act because the latest CPI figures showed that inflation remained roughly stable in July with a reading at 1.6% actual data compare with 1.5% forecast and 1.4% previous month. But July's PPI is on lowest level since 2009 - at -5.4%y/y compare with -5% expected data.
Still bullish on USD
The 215k rise in NFP was slightly below expectations for 225k, as a robust read was viewed to lock-in a September interest rate hike. But he number will be enough to stimulate the Fed to act. We may get next evidence of improvement in the labor market condition index today, which is expected to rise to 0.8 in July from 0.5 in June.


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Barclays is suggesting to buy USD/CHF as the most tradable pair for this week:
"We think poor Swiss fundamentals continue to support CHF depreciation from still-overvalued levels. Even if concerns about Greece or China escalate, we think the CHF is likely to underperform higher-quality safe havens such as the USD."
"Our technical strategist is also bearish CHF and expects further underperformance against the USD and EUR. The rising USDCHF trend of the past eight weeks points higher toward initial targets in the 0.9865/0.9905 area. A move above the latter would encourage our bullish view toward the 1.0130 March recovery high."


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• Goldman in Ventureland: The inside story of how-and why-Goldman Sachs became a tech-investing powerhouse (Bloomberg)
• Will Advances in Technology Create a Jobless Future? (MIT Technology Review)
• Emerging markets: Redrawing the world map (FT)
• Inside the sad, expensive failure of Google+ (Mashable)
• How baseball’s tech team built the future of television (The Verge)


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