LandOfCash Forex expert advisors, Trailing EA, Indicators.

Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

LOCTrailing With Partial Close Expert Advisor protect your orders profit. Trail stop level for manual and automatic orders with different algorithms, move stop loss into breakeven. Order now for only $129.95

LOCInfo Custom Indicator follow the simple rules and make the right decision when to buy or sell. View Moving Average, Stochastic indicators from multiple time frames in one place. Download now for FREE!


Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

37 Pages<12345>»
Options
Go to last post Go to first unread
Andrea ForexMart  
#41 Posted : Sunday, April 24, 2016 9:30:32 PM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for EUR/USD: April 25, 2016

Further than what is anticipated, the Manufacturing PMI in Germany increased in the past month. It can be seen in the index that it grew by 51.9 contrary to the 50.7 in the recent month. Nevertheless, experts had expected the growth of index to 51.0.

The first support occurs at 1.1150 and at 1.1050 subsequently. The first resistance resides at 1.1260 and at 1.1350 subsequently.

A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen display a descending motion. This movement will remain until the price is below the Cloud.

The MACD indicator is in a negative location. The price is declining.


Andrea ForexMart attached the following image(s):
EURUSDH425.png (32kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#42 Posted : Monday, April 25, 2016 3:35:05 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for AUD/USD: April 25, 2016

After the Australian dollar shot up to a 10-month high last week at 0.7834, it entered a bearish weekend and is still extending losses. The exchange rate is now at 0.7716 although it posted a day high of 0.7728 earlier which was almost immediately trimmed.

The AUD has the rising commodity prices and a generally weak USD to reverse the uptrend, but we are expecting the losses to extend at least until the Q1 CPI on Tuesday. Exports and imports figures will be published on Wednesday. RBA assistant governor Guy Debelle will also deliver a speech on Thursday that may foreshadow the direction of future monetary policies.

The highlight this week is the Fed’s announcement on Wednesday about its interest rates. Consumer confidence is also due on Tuesday.

The first support is at 0.7661 and 0.7622 subsequently while the first resistance is at 0.7743 and 0.7781 subsequently.

The MACD indicator is in negative territory. The price is rising.

Australian markets are on a break today as it celebrates the Anzac day.


Andrea ForexMart attached the following image(s):
AUDUSDH425.png (24kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#43 Posted : Tuesday, April 26, 2016 2:44:41 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for USD/JPY: April 26, 2016

On Monday, the dollar fell contrary to the yen, bidding goodbye to the three weeks of growth. The market was expecting for the Fed and BoJ meeting.

The first support occurs at 110.60 and at 109.60 subsequently. The first resistance lies at 111.40 and at 112.20 subsequently.

A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen displays an ascending motion and the Kijun-sen forms a horizontal movement. The ascending movement will remain until the price is over the Cloud.

The MACD indicator is in a positive location. The price is correcting.


Andrea ForexMart attached the following image(s):
USDJPYH426.png (32kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#44 Posted : Tuesday, April 26, 2016 3:48:09 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for NZD/USD: April 26, 2016

The New Zealand dollar recovered when markets opened on Tuesday while the USD index is still weak.

Ahead of the RBNZ’s announcement on monetary policies, the central bank’s shadow board put together by the New Zealand Institute of Economic Research urged that interest rate should remain at 2.25 percent, causing the bird to fly a little higher.

The pair broke through yesterday’s resistance of 0.6895, peaking at 0.6897 earlier today. The kiwi dollar is currently testing 0.69 levels and is trading at a 42-pip range.

The initial support is at 0.6848 and 0.6814 subsequently. The immediate resistance is now at 0.6921. The MACD indicator is in negative location. The spot exchange is at 0.6893 and rising.


Andrea ForexMart attached the following image(s):
NZDUSDH426.png (23kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#45 Posted : Tuesday, April 26, 2016 4:22:55 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for EUR/USD: April 26, 2016

Buying interest are surrounding the Euro as markets remain vigilant ahead of the FOMC meeting. Lower than expected home sales from the US also added upward pressure to the Euro.

Annual home sales only reached 511,000 from last year’s 519,000, hugely missing forecasts of 520,000. The spotlights are now on Fed’s two-day policy meeting that will commence later today and the announcement from the BOJ on Thursday.

The pair rose to 1.1301 today, almost hitting the nearest resistance of 1.1305. The next resistance is at 1.1362. The first support occurs at 1.1243 and 1.1187 subsequently.

The exchange rate is now at 1.1295. The MACD is in a negative location. The price is climbing.


Andrea ForexMart attached the following image(s):
EURUSDH426.png (24kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#46 Posted : Wednesday, April 27, 2016 2:06:26 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Fundamental Analysis: April 27, 2016

The America filled the economic calendar with its important releases yesterday. For March, the Durable Goods Orders record was issued first wherein it came out at 0.8% in opposition to the report of 1.8%. Meanwhile, the Consumer Confidence for April hitted 94.2 wherein the recent value was 94.2 and the report was 96.0. Traders were hoping to have a glimpse of sign about the state of the economy before the Fed release their decision on Wednesday. And this could also have an effect on any further activity of the dollar. Now, investors abstain from opening new positions before the meeting.

The Eurozone did not have any significant news yesterday. After a solid increase, the EUR/USD pair reduced a bit by the end of the trades.

Meanwhile, the UK has issued Mortgage Approvals index for March wherein the data came in at 45.1K in opposition to the report of 46.0K. The GBP/USD pair displayed an increase but diminished a bit by the end of the trades.

The attraction set for the safe assets provoked the buying of yen. The gossips regarding the BoJ who won't implement fresh soft measures also sustained the yen. We are thinking that the regulator will cautiously assess the impact of the running measures furthermore and will implement the new ones only in June. The USD/JPY pair consolidated.


Andrea ForexMart attached the following image(s):
EURUSDH427.png (25kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#47 Posted : Wednesday, April 27, 2016 8:34:14 PM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for GBP/USD: April 28, 2016

As it has been expected, the Gross Domestic Product of the UK heightened by 0.4%, while its economy made an increase of 0.6%. The interest for the pound were sustained a bit by the 10-year UK government bonds yield which showed a growth in the Bonds Market.

The first support stands at 1.4480 and at 1.4400 subsequently. While the first resistance occurs at 1.4560 and at 1.4650 subsequently.

A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou span. The Tenkan-sen displays an ascending movement and the Kijun-sen creates a horizontal movement. The ascending movement will remain until the price is over the Cloud.

The MACD indicator is in a positive location. The price is consolidating.


Andrea ForexMart attached the following image(s):
GBPUSDH428.png (32kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#48 Posted : Friday, April 29, 2016 2:28:47 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Fundamental Analysis: April 29, 2016

On Wednesday, the dollar were constantly steadfast to other major currencies as a preparation for the last Federal Reserve System political speech. Investors put their attention to the result of the political meeting expecting for any signs about the interest rates modification in June. The Fed left the rates remained at 0.5%.

In Germany, the Consumer Confidence outstandingly improved as it came at 9.7 in opposition to the recent value of 9.4. The consumers think that the economy of Germany will get better for the next months and look forward to its modest improvement. The EUR/USD stabilized a little.

Since the market realized that the UK economy gained by 0.4%, the pound ceased in growing together with the expectations of economists, but it slowed down to 0.6% in the recent quarter. In the first quarter, the UK economy grew by 2.1% on annual basis, which is the same with the recent quarter and rather high than the anticipated 2.0%. The GBP/USD pair reduced by the end of the trades.

Meanwhile, the USD/JPY pair heightened by the end of the trades.


Andrea ForexMart attached the following image(s):
EURUSDH429.png (25kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#49 Posted : Friday, April 29, 2016 3:43:58 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for NZD/USD: April 29, 2016

The kiwi is hovering 20 pips below 0.70 handle after recording losses from an intraday high of 0.6990. With rate decisions coming from a number of currencies this week, NZD is showing the second strongest performance after the Yen.

The ANZ Business Confidence released today showed that companies are expecting positive economic activity as it jumped from 3.2 in March to 6.2 in April. Thirty-five percent of the surveyed firms predict an interest rate cut in the next policy meeting.

On the US side, personal spending will be released today while a deluge of data including manufacturing PMI and nonfarm payroll will come next week.

The first support is at 0.6918 and 0.6883 subsequently. The first resistance is at 0.7037 and 0.7072 subsequently. The MACD indicator is in neutral location. The price is rising.


Andrea ForexMart attached the following image(s):
NZDUSDH429.png (23kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#50 Posted : Tuesday, May 03, 2016 1:07:18 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for EUR/USD: May 3, 2016

In opposition to the anticipation of most of us, the Manufacturing PMI in Germany reduced. The indicator displayed the data of 51.8 contrary with 51.9 in the recent month wherein it was seasonally revised. Meanwhile, experts hoped for the index to be at the recent level of 51.9.

The first support occurs at 1.1450 and at 1.1350 subsequently. The first resistance resides at 1.1550 and at 1.1650 subsequently.

A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen shows an ascending motion and the Kijun-sen forms a horizontal movement. This movement will remain until the price is over the Cloud.

The MACD indicator is in a positive location. The price is growing.


Andrea ForexMart attached the following image(s):
EURUSDH403.png (32kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#51 Posted : Tuesday, May 03, 2016 2:47:05 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for USD/JPY: May 3, 2016

The Manufacturing PMI of the USA for April heightened to 51.8. Many traders had looked forward for the index to lessen by 51 in opposition to 51.5 recorded in March. Meanwhile, the Manufacturing PMI of Japan surpass our expectations and grew by 48.2 contrary to the report of 48.0.

The first support occurs at 105.80 and at 105.00 subsequently. The first resistance lies at 106.60 and at 107.40 subsequently.

A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal motion. The descending movement will remain until the price is below the Cloud.

The MACD indicator is in a negative location. The price is correcting.


Andrea ForexMart attached the following image(s):
USDJPYH403.png (29kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#52 Posted : Tuesday, May 03, 2016 9:44:50 PM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Fundamental Analysis: May 4, 2016

Insignificant forecasts has been issued by the USA which is the ISM New York and IBD/TIPP Economic Optimism indices wherein the data came in at 48,7 in opposition to the reported 46,6. The stabilization of the price can be viewed already, yet it is too soon to determine whether this is enough for a rate hike. At the next meeting that will take place in June, the decision for the rate hike will come up.

Meanwhile, the Producer Price Index in Eurozone for March displayed -4.2% wherein the report was -4.3% and the recent value was -4.2%. And for the first time this year, the index heightened. It could be a sign that the growth is impossible to decline for the next months.

The pound reduced on Tuesday from being on peak for four months when the manufacturing activity of the UK dropped in April for the first time over the past three years wherein the data came in at 49.2 from 51.0 in March contrary to the reported 51.2. The index that has been issued heightened the concerns regarding the probable growth in the second quarter.

Meanwhile, in the midst of the Constitution Day, the Bank of Japan did not have any activity on Tuesday.


Andrea ForexMart attached the following image(s):
EURUSDH404.png (25kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#53 Posted : Wednesday, May 04, 2016 1:09:24 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for GBP/USD: May 4, 2016

Declining to its bottom-most level since February 2013, the Markit Manufacturing PMI in the UK modulated to 49.2 in April. This data was lower than the re-assessed value of 50.7 in March and below the economists' expectation of 51.2. The Manufacturing is still one of the most unpredictable sectors of the economy and still faces challenges including poor demand in the Asian markets and the slowing down of the euro area.

The first support occurs at 1.4480 and at 1.4400 subsequently. The first resistance stands at 1.4560 and at 1.4670 subsequently.

A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen and the Kijun-sen display a horizontal motion. The ascending movement will remain until the price is on top of the Cloud.

The MACD indicator is in a positive location. The price is strengthening.


Andrea ForexMart attached the following image(s):
GBPUSDH404.png (31kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#54 Posted : Friday, May 06, 2016 2:58:52 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for AUD/USD: May 6, 2016

The anticipation for the US’ nonfarm payrolls blocked the AUD’s slight uptrend on Thursday session, sending it down to slump at 0.73. The current spot exchange is 0.7372. A decline in crude oil prices and the RBA’s statement of monetary policy (SOMP) released today tightened the bears’ grip on the AUD/USD.

After the RBA slashed interest rates to 1.75 percent on Tuesday, its SOMP revealed further cuts on inflation forecasts. From the previous estimate of 2 to 3 percent growth, the RBA lowered its projection for the 2016 to just 1 to 2 percent. The central bank is aiming for a 2 to 3 percent inflation rate by the end of the year.

Forecasts for the next two years’ inflation were also revised down to 1.5 to 2.5 percent from the initial 2 to 3 percent. RBA’s statements indicated another possible rate cut.

The MACD indicator is in a negative location. The first support is at 0.7459 and 0.7422 subsequently. The first resistance is at 0.7522 and 0.7560 subsequently. The price is falling.


Andrea ForexMart attached the following image(s):
AUDUSDH406.png (23kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#55 Posted : Friday, May 06, 2016 3:49:11 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for GBP/USD: May 6, 2016

The sterling hardly reached the 1.45 level when dismal figures on the UK’s services sector was released. GBP/USD retreated to 1.44 levels and bottomed at 1.4456. The current exchange rate is 1.4496.

The service industry’s purchasing managers index (PMI) slimmed to 52.3 in April from the previous month’s 53.7, recording the softest PMI in three years. Economists expected a 53.5 growth. Traders are closely watching for the NFP data from the US which will help decide the Fed’s next move on its interest rates.

The first support is at 1.4442 and 1.4403 subsequently while the first resistance is at 1.4494 and 1.4496 subsequently. The MACD indicator is in neutral location. The price is increasing.


Andrea ForexMart attached the following image(s):
GBPUSDH406.png (24kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#56 Posted : Tuesday, May 10, 2016 3:16:07 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for AUD/USD: May 10, 2016

The AUD/USD has now settled at the 0.73 handle as data from China, Australia’s largest trade partner, did little to boost the Australian dollar’s value against the greenback. The AUD bottomed at 0.7299 today and peaked at 0.7351.

The impact of China’s bearish consumer prices, which grew by 2.3 percent in April from the same period last year, was lukewarm. Markets were expecting a 2.4 percent rise. Its PPI fell by 3.4 percent, not as much as the forecasted 3.8 percent decline. Exports and imports, which stood at -1.8 percent and -10.9 percent y/y respectively, were also on the red.

Buying interest on the USD firmed slightly due to an increase in wages, which was up 0.3 percent m/m in April and 2.5 percent y/y. Only 160,000 jobs were added to the nonfarm payrolls opposed to a projected 202,000 additional positions.

The spot exchange is now at 0.7339 and the price is rising. However, we are yet to see the AUD breach 0.74 today.

The immediate support is at 0.7272 and 0.7236 subsequently while the first resistance is at 0.7364 and 0.7397 subsequently. The MACD indicator is in a negative location.


Andrea ForexMart attached the following image(s):
AUDUSDDa10.png (24kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#57 Posted : Wednesday, May 11, 2016 12:57:31 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Fundamental Analysis: May 11, 2016

Tuesday, the dynamics of the market was enliven with the help of the calendar of economic events. Job Openings was issued by the US wherein the data came in at 5.757 million contrary to the report of 5.431 million.

The euro currency heightened a little in opposition with the dollar. The euro zone has made a report about Industrial Production in Germany for March which the data dropped low more than what was expected wherein it came at -1,3% contrary with the expectations of -0,2%. Meanwhile, exports displayed a fast growth showing 1,9% against expectations -0,1%.

The Trade Balance which has sustained the pound was showed by the United Kingdom. The Bank of England Governor Mark Carney apprised the commercial banks and other financial institutions regarding a probable rate cut if ever the UK departs from the European Union.

The fall of the yen currency is an aftermath of the statement of the Minister of Finance on Monday. If it happens that the yen continues to grow, the regulator is ready to intercede, as stated by the ASO. The Japan Minister of Economy Nobuteru Ishihara stated that after the rally of the yen in the past week, he is nearly observing the financial markets.


Andrea ForexMart attached the following image(s):
EURUSDH411.png (24kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#58 Posted : Wednesday, May 11, 2016 11:50:05 PM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Fundamental Analysis: May 12, 2016

Yesterday, in opposition with the US dollar, the major pairs has been rectified. We haven't heard EU stating significant data and the market's volatility was weak. The market was not affected by the British data through the main cross-pair EUR/GBP and most of the trades were unperturbed and smooth.

The scarcity of drivers helped the UK market to stay still. But the forthcoming referendum can probably become one of the drivers in the future. As stated by Michael Sanders, Bank of England Monetary Committee representative, if Britain favors the exit from EU, the Central Bank will be obliged to heighten the rates to 3.5% by the end of 2017, because the exit out of the EU union will facilitate the slump of the pound and will probably strengthen the inflation.

Due to the profits taken by the investors, the dollar slumped in opposition with the yen on Wednesday. It was an aftermath of the recent rally gaining a two-week highs and the Japanese speech regarding its preparation for an intercession. Yet, Japan were expected by many investors to refrain from doing any activity to enfeeble the yen before the G7 meeting.


Andrea ForexMart attached the following image(s):
EURUSDH412.png (24kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#59 Posted : Thursday, May 12, 2016 2:45:08 AM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Technical Analysis for USD/JPY: May 12, 2016

The increase of risk appetite caused a positive effect on investor's sentiment. As a funding currency, the yen were pressured by the optimism showed by the leading stock exchanges. However, the US and Japanese government bonds yield differential had been decreasing for many consecutive trading days. The dollar/yen pair decreased by the end of the trades.

The first support occurs at 108.20 and at 107.40 subsequently. The first resistance stands at 109.00 and at 109.80 subsequently.

The price is in the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen displays a descending movement and the Kijun-sen forms a horizontal movement. The MACD indicator is in a positive location. The price is consolidating.


Andrea ForexMart attached the following image(s):
USDJPYH412.png (34kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart  
#60 Posted : Thursday, May 12, 2016 10:54:57 PM(UTC)
Andrea ForexMart


Rank: Advanced Member

Groups: Registered
Joined: 3/17/2016(UTC)
Posts: 1,042
Cyprus

Fundamental Analysis: May 13, 2016

The sturdiness of the world economy was left vague even though the dollar was sustained by the restored risk appetite. The Initial Jobless Claims volume was issued by the US wherein the data came in at 294,000 contrary with the expected 270,000. The political event of the day were the statements which came from Rosengren E. and Mester L, the Fed representatives. Mester stated that the risks which relative with the Fed reports should not affect the monetary policy management. While Rosengren proposed that the risks of leaving the rates unmodified seem too inferior for a long term of time.

The Germany issued the Wholesale Price Index wherein the data came in at 0,3% m/m in opposition with the expected 0,2% m/m while the Eurozone issued Industrial Production wherein the data came in at -0.8% m/m contrary with the expected 0.1% m/m.

The significant event of the day was the Bank of England meeting. The rate was remained unmodified by the regulator at 0.5%. At the same time, the inflation report of the Central Bank became the center of attraction. We hope that the growth in assessment of the inflation in the present year could help the pound to rise and counterbalance concerns about the cost of lending decrease. The Central Banks anticipates the inflation to restore at 0.2%.

In the midst of short positions closing, the dollar still managed to increased in opposition to yen. However, the US currency was still under pressure caused by the vagueness of probable increase in the global market.


Andrea ForexMart attached the following image(s):
EURUSDH413.png (27kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Rss Feed  Atom Feed
Users browsing this topic
37 Pages<12345>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.