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Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Dec 20, 2014 4:01 pm

Issue №28 from 20/12/2014

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The Germany business confidence index has grown, still the data failed to support the euro. According to the Ifo institute, the leading index business sentiment in Germany rose to 105.5 points in December 2014 from 104.7 points the last month. These data are fully in line with economists' forecasts.

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Trading recommendations

The pair EUR/USD tested the target at the support around 1.2260. Here the bears’ enthusiasm decreased and the pair entered the consolidation phase, rebounding to the level of 1.2300. It is possible that the support level of 1.2200 will be the pair temporary basis where bulls will try to develop an upward correction, where the nearest target will be the resistance near 1.2260. The support level of 1.2200 breakthrough will lead to the level of 1.2150 testing.


Pound

The UK news published the public finance and the retail sales report by the Confederation of British Industry (CBI) in December. The public sector borrowing rose to 15.0 billion pounds in November against 7.7 billion pounds in October, but the necessity in cash has increased to 14.4 billion pounds after 2.6 billion pounds a month earlier. This dynamic is unlikely to please the "bulls" within the pound.

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Trading recommendations

After another unsuccessful support 1.5545 test, the pair GBP/USD was able to rebound from it, breaking through the resistance at the mark of 1.5600 and to rise up to the level of 1.5680. The decrease is limited by the local support around 1.5650 that allows the resistance testing at the mark of 1.5750 in the short term. The loss of 1.5500 will lead to the level of 1.5450 testing with a high probability of its breakthrough.


Yen

The Bank of Japan and the Federal Reserve politics differences will continue to strengthen the dollar against the yen. The Fed signaled that it could raise interest rates next year on Wednesday, replacing the intention to keep them close to the zero level for a "considerable period of time" with a promise to show "patience" before making a decision to raise the borrowings price.

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Trading recommendations

The bears within the dollar/yen tried to take over the initiative, but their attempts were unsuccessful as the support near 118.30 was able to keep their onslaught. The bids that are located here, contributed to the pair growth to 119.56. The dollar failed to grow above this level although we should not exclude the level 120.00 testing.


Gold

Gold lost ground after new data pointed to the US economic growth continuation in the next year. Gold, which does not bring any interest income, it is possible hardly compete with other assets yielding interest, when interest rates rise.

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Trading recommendations

Gold is not yet possible to fixate above 1200.00, that slightly increases the likelihood of the decrease to the minimum 1130.00, overcoming of which will lead to the mark of 1100.00 test.


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Ekaterina Fechina
 
Posts: 307
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Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Dec 27, 2014 3:37 pm

Issue №29 from 27/12/2014

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The US economy showed a significant positive trend in the last quarter of 2014 and it is likely to keep it in the first quarter of 2015, as now the consumer takes advantages of the labor market steady state and the low fuel prices.

The euro traders monitor the political instability in Greece. There is a risk of early parliamentary elections, if the Greek Prime Minister Antonis Samaras is not able to get support with a sufficient number of voters on December 29 for the choice of the President, Stavros Dimas.

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Trading recommendations

Today the pair euro/dollar is trading at the upper consolidation range boundary. Next, we will consider the decrease continuation for the minimum update. Another decrease target is at the level of 1.2100. Then we expect the growth to the level of 1.2150. Later we will consider a new reduction for the level completion of 1.2050.


Pound

According to the official data from the National Statistics Office, the British workers have demonstrated production increase in the third quarter of this year. Moreover, the growth rate results turned out to be the highest for more than three years.

From the Bank of England statement, it became known that the interest rates increase is unlikely possible in the short term. The indicator points out to level of salaries that began to grow with an accelerated dynamics.

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Trading recommendations

Today the pair pound and the US dollar are trading upwards. We consider the growth wave development to the level of 1.5600. Next, we expect a decrease to the level of 1.5520. Only after the such a pattern formation, we will evaluate the structure potential for the growth continuation in the future.


Yen

According to the Japanese yen, we expect the growth continuation to 121.80 only in case of the Japanese stock market growth continuation. Despite the intensive American stock indices growth, Japanese investors have taken profits more often for the last two weeks - before every more or less important event. New Year's Eve, of course, is an important event, so the decrease risk is essential to reach the level of 119.00.

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Trading recommendations

Today the pair yen/dollar was trading in the correction to the level of 119.80. Next, we will consider the growth to the level of 121.00. Later, we will consider the new growth to the level of 121.70.


Gold

The precious metals markets are growing up under the influence of a slightly decrease US dollar, but their activity remains low. In Shanghai, the gold price is stable and the trading volumes are low.

The gold prices rose up to the level of $1,186 per ounce under the US dollar depreciation influence and the inactive trading.

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Trading recommendations

Today the gold is trading upwards. We consider the wave continuation development with the main target of 1250.00. Structurally to implement such a wave we will consider the first structural growth development for the level testing of 1207.50.


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Ekaterina Fechina
 
Posts: 307
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Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Jan 31, 2015 7:25 am

Issue №33 from 31/01/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

Germany published the retail sales. The indicator decreased by 1,3% in January. Most often the indicator causes no active response from the euro/dollar. It is possible the euro decline to the level of 1.1200. The Eurozone also will publish the consumer inflation data in February. Most likely, we will see a deepening deflation which also will not promote optimism about the European currency.

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Trading recommendations

The pair euro/dollar is traded in the first structural growth consolidation range. Further we expect the pair decrease downwards to the level of 1.1000. As an alternative, we believe in the possible consolidation breakthrough upwards with the growth continuation to the level of 1.1550.


Pound

The UK calendar does not contain anything interesting. Therefore, the pair GBP/USD is very likely to remain under the external factors influence. Till the US reports the pound can show a moderate strengthening, returning to the resistance of 1.5100-1.5130. In future it will depend on what figures the US economy will show. If it manages to maintain high growth rates, the pair can resume its decline.

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Trading recommendations

The pair pound and the US dollar achieved the correctional target for a decline. We expect the level of 1.5130 testing and going below this level. The market forms a "triangle". The level of 1.5050 breakthrough upwards will lead to the growth continuation downwards to the downtrend development.


Yen

The Japanese yen has already received some support from its own data. The consumer price index remained at the level of 2.4% while it was predicted a decline to the level of 2.3%. The unemployment rate demonstrated a positive trend, falling to 3.4% from 3.5% a month earlier. The fact that the inflation decline has slowed confirms the Bank of Japan decision to refrain from further stimulating measures.

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Trading recommendations

The pair dollar/yen is in the triangle. The market does not still determine the future direction. We consider the pair reduction as the main matrix scenario. And this continued consolidation can get the market strong reaction with the trend movement downwards at any time. The local target is at the level of 115.00.


Gold

Investors continued to re-evaluate its position in relation to the metal, taking into account the statements made by the US Federal Reserve.

The gold prices rose from the beginning of this year, while the raw materials and stock indices prices have fallen. However, after the Fed statements investors are beginning to consider that the pace of rates increase will mainly depend on the US economic data which have generally showed a steady increase for recent months. It has undermined arguments in favor of the metal owning.

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Trading recommendations

The gold has fulfilled the first wave downwards and achieved its target. At present we consider the correctional growth phase with the target of 1305. Next on the agenda is the decline continuation to the level of 1240.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

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Ekaterina Fechina
 
Posts: 307
Joined: Thu May 15, 2014 5:04 pm

Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Feb 07, 2015 2:03 pm

Issue №34 from 07/02/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The European Commission raised the GDP Eurozone growth forecast for 2015. We should pay a special attention to the Germany industrial production report. We do not expect that the pair euro/dollar will demonstrate its strong reaction in response as the market will wait for the USA NFP data. But the figures will still add clarity to the German economy overall picture.

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Trading recommendations

The pair euro/dollar made growth attempts during the week having fallen at the end of the week. The fall shall be continued. The target is 1.1250.


Pound

The UK will publish the trade balance data. If its deficit expands, the pair GBP/USD will be able to make a short-term decline to the level of 1.53. The pound greater decline will be possible only if the US non-farm employment payrolls latest report reflects the significant growth that is unlikely. Therefore, the pound can also try to make a rebound near the resistance level of 1.54.

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Trading recommendations

The pair pound is correcting but we expect the pair to continue to develop the growth structure to the level of 1.5300 testing. Further we expect the pair decline to the level of 1.5200. Then we will consider the possibility of another structural growth development for the level testing of 1.5450. And after that we plan the pair growth completion.


Yen

The pair dollar/yen also monitor the US labor market report. The preliminary figures, namely, the employment component in the composition of the ISM and ADP data have already disappointed, showing signs of the sector slowdown. Thus, if the NFP comes out worse than it was forecast at the level of 231,000, the dollar can come under significant pressure as this indicator dynamics will indicate that the US Federal Reserve will not rush to raise interest rates. But such an outcome the market has already laid in prices.

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Trading recommendations

The pair dollar/yen trade with increase. Today we consider the level of 116.50 testing. Next, we expect the new consolidation range development and the decline continuation for the local target completion at the level of 115.00.


Gold

Investors continued to re-evaluate its position within the metal, taking into account the US Federal Reserve statements. The gold prices have been increasing from the beginning of this year while the raw materials prices and stock indices have been falling. Some investors have begun to fear that the world growth slowdown can make the Fed delay raising interest rates in the United States that must occur for the first time since 2006.

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Trading recommendations

The gold managed to expand the range for reduction. The market came out of the consolidation range. At present we do not exclude the possibility of the level of 1230 testing. Further, we expect a decline continuation within the trend downwards with the local target at the level of 1200.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.
Ekaterina Fechina
 
Posts: 307
Joined: Thu May 15, 2014 5:04 pm

Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sun Feb 22, 2015 8:32 pm

Issue №36 from 21/02/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The Eurozone may present information that is able to influence the market and with the support for the euro, of course, if forecasts confirm the fact and the Greek problems resolution will not spoil the investors’ mood, inclining to risk aversion. The February preliminary assessment (PMI) in manufacturing sectors are expected with the improvement - the euro zone indicators as a whole can show 53.0 after 52.3 in services and 51.5 against 51.0 in the manufacturing sector. The Germany indicators are expected with the similar dynamics. The France indicators, although are expected with a growth, but in the area of recession below 50.0.

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Trading recommendations

Today the pair euro/dollar is trading with a decrease. We expect the level of 1.1200 testing. Next, we expect the pair return to the level of 1.1380. Then we consider the new consolidation formation. We expect the level of 1.1000 testing with its breakthrough. As an alternative consider the correction to the level of 1.1650.


Pound

The UK news is expected with mixed results and probably will not cause the market activity increase. The January retail sales are projected with a decrease for the month, -0.8% m/m against the earlier + 0.4% m/m and with its growth for the year, + 5.5% m/m, after the last year + 4.3% y/y .

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Trading recommendations

The pair pound and the US dollar broke through the growth channel. The next step is a correction to the level of 1.5200. The first reduction target is the level of 1.5300. Next we consider consolidation and the pair decline continuation.


Yen

The US dollar was traded almost without changes against the Japanese yen. The pair reached the maximum of 119.30 on the dollar sales from the Japanese importers part, producing commercial transactions calculations. However, in the rest the foreign exchange market was quiet as many Asian traders did not participate at the trades in connection with the New Year celebration according to the lunar calendar.

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Trading recommendations

The pair dollar/yen is in the next consolidation. We expect the decline and the level of 118.20 breakthrough. Then again we expect a consolidation and a new decline to the level of 117.00.


Gold

The gold prices rose in Europe on Thursday after the traders got acquainted with the Fed and the US meeting minutes and came to the conclusion that the central bank is more likely inclined to loose monetary policy.

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Trading recommendations

The gold continues the consolidation range formation around the level of 1210. We consider this structure as the reduction continuation figure within the trend downwards. The main target is the level of 1110 testing.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.
Ekaterina Fechina
 
Posts: 307
Joined: Thu May 15, 2014 5:04 pm

Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Feb 28, 2015 6:58 pm

Issue №37 from 28/02/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

During January inflation fell by 0.7% m/m (-0.1% y/y) in the US. If everybody got accustomed to the figures month reduction, their decrease has been revealed for 4.5 years the first time. We should realize the situation about the consumer price index. The February data will show whether a complete deflationary trend is formed and if it is still present, the Fed should respond to it.

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Trading recommendations

The pair euro/dollar has fulfilled the reduction target. Today, the market is trading around the level of 1.1190. Further, we expect the consolidation range formation. We will consider the level of 1.1250 testing with its breakthrough upwards. We expect the pair decline to the level of 1.1100 with its breakthrough downwards.


Pound

The second assessment showed that the fourth quarter UK GDP volume has increased by 2.7% on the quarterly basis as in the previous quarter that was in line with the forecasts. In general, the British economic state does not cause particular concern as well as the national regulator attitude and its governor has repeatedly talked about the possibility that the next step would be the interest rates increase. Thus, even the slightest reason to doubt about the dollar strength will be sufficient for the pair growth resumption to the recent highs.

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Trading recommendations

Practically, the pair pound and the US dollar formed the third growth wave and exposed impulse reduction to the correction. Today we consider the price recovery to the level of 1.5480 (as the minimum) and then again its decline to the level of 1.5280.


Yen

Official data showed that household spending fell last month by 0.3% in Japan while it was expected its growth by 0.4% after increase by 0.4%.

Another report showed that the Japan consumer prices rose to the annual rate by 2.4% in January in line with expectations while the CPI, excluding food products, rose by 2.2% last month that is lower than we expected increase by 2 3%.

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Trading recommendations

The pair yen/dollar extended consolidation upwards and currently is approaching the level of 120.00. We consider this structure as the new consolidation range formation. Next on the agenda there is the pair decline for the triangle lower boundary testing.


Gold

Janet Yellen reassured investors for gold buying, saying that the easy monetary policy would be continued. As a result, the dollar fell slightly against other major world currencies. Therefore, two important factors will support the gold price: the Fed recent speech in the US Congress and the gold market recovery activity in China.

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Trading recommendations

Today the gold offers the market a consolidation formation. We do not exclude the possibility of consolidation expansion upwards with an attempt for a correction development. Still main scenario is a decline continuation. The target is the level of 1175.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.
Ekaterina Fechina
 
Posts: 307
Joined: Thu May 15, 2014 5:04 pm

Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Mar 07, 2015 12:51 pm

Issue №38 from 07/03/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The Germany industrial production and the revised 4th quarter GDP will be soon published. If the reports come out at least with the slight forecasts excess, the euro develop correction, coupled with such factor as profit taking at the end of the week. Also the euro sharply fell after the US employment report publication. It came out better than expected.

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Trading recommendations

The support is at the level of 1.0840. Its breakthrough will move the pair towards 1.0760 and then to the level of 1.0600. The resistance is at the level of 1.1000. Its breakthrough will ease the pair short-term negative outlook, moving the pair towards 1.1180 and then towards 1.1280-1.1380.


Pound

The Bank of England left the interest rate unchanged at the record low level of 0.50%, established in March 2009. The central bank also kept the asset purchases program, financed by the central bank reserves issuance in the amount of 375 billion pounds. The pair dynamics can be caused largely by external factors. The NFP indicator on 295 thousand publication was followed by the pair decrease.

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Trading recommendations

The support is in the area 1.5000. The breakthrough will open the way to 1.4920. The resistance is at the level of 1.5160. Its breakthrough will ease the short-term negative outlook, moving it towards 1.5300 and then towards 1.5370 and 1.5450.


Yen

The pair dollar/yen is currently holding above 120.00. It gets support amid the expectations that the Fed still will raise rates in June, as expected. However, the pair further upward dynamics depend on the labor market positive release. Also the employment component dynamics with the ISM industrial and service sector indices which have increased, we can assume that the pair growth can continue.

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Trading recommendations

The resistance is at the level of 120.80. Its breakthrough will move the pair at the level of 121.80. The support is at the level of 120.00. Its breakthrough will ease the short-term bullish outlook and will move the pair towards 119.60 and then towards 117.20.


Gold

The gold price broke down the psychologically important level of $ 1200 per ounce. The metal fell after NFP publication that said the US economy was able to create 295K new jobs in February. The solid growth rate will be a proof of the world largest economic growth which will keep supporting the dollar and lead to the pressure increase on the precious metal.

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Trading recommendations

The nearest resistance is at the level of 1190. The support is near 1160. Its completion will enhance sentiment towards the precious metals sales.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.
Ekaterina Fechina
 
Posts: 307
Joined: Thu May 15, 2014 5:04 pm

Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Mar 14, 2015 4:31 pm

Issue №39 from 14/03/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The pair euro/dollar rose sharply to 1.0683 during this week. The US statistics caused negative impact on the dollar. Unexpectedly for us the retail sales significantly decreased in February.

The US retail sales index was 0.6% in February (forecast was 0.3%, the previous value was 0.8%). The US retail sales index, excluding cars, was -0.1% in February (the forecast was 0.5%, the previous value is revised from -0.9 to -1.1%).

The pair EUR/USD has not been able to reach the maximum of 1.0683 for a long time. The rate fell to 1.0483. The bears within the euro could decrease further.

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Trading recommendations

The pair euro/dollar have formed the impulse growth. But its structure does not have the growth potential. At present we consider the possibility of the minimum update with the consolidation expansion downwards. Next, we will consider the possibility of the new impulse growth.


Pound

The pair GBP/USD increased to the level of 1.5026. The negative impact on the dollar was caused by the US statistics. Unexpectedly for us retail sales decreased significantly in February.

The British pound came under pressure after the Bank of England governor’s announcement that there was no need to rush with the interest rates increase. M. Carney started to make his speech after the US statistics release in 15 minutes. The pair GBP/USD fell from the high of 1.5026 to 1.4751 that is the new week minimum.

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Trading recommendations

The pair has completed the reduction target. We expect the current minimum update and the new consolidation range formation. We anticipate the beginning of correction.


Yen

The pair dollar/yen will remain under pressure from the deteriorated attitude towards the US dollar after the US retail sales unexpected decrease in February. The US Treasury bond yields short-term decline and the Japanese exporters’ sales also put pressure on the pair. However, attitude towards the dollar has improved due to the lower than expected number of claims in the United States.

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Trading recommendations

The pair dollar/ yen was unable to develop a third impulse downwards. This scenario shows a possibility of the new maximum update. Next we predict the consolidation range formation with a reversal pattern. Then we believe in the decline continuation.


Gold

The gold prices have been declining for nine consecutive sessions - it was the longest recession since January 1998. This dynamics was triggered by the rumors that the US Federal Reserve can soon start raising interest rates.

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Trading recommendations

The gold continues to trade within a consolidation. We consider the decline continuation within the trend downwards to touch the level of 1110. Next we expect the correction beginning.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.
Ekaterina Fechina
 
Posts: 307
Joined: Thu May 15, 2014 5:04 pm

Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Mar 21, 2015 6:04 pm

Issue №40 from 21/03/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The US dollar managed to recover most of the lost positions after the Janet Yellen’s Wednesday speech. This week the US Federal Reserve has revised the economic growth, the inflation and the interest rates forecasts for 2015. Janet Yellen also said that the Central Bank leadership was concerned about the dollar growth.

The euro bulls closed the previously opened long positions and some traders took the bears’ side. After all, the European QE and the Greece problems put pressure on the euro. And the Fed can raise interest rates in June when the macroeconomic data will signal about it (inflation, wages, labor market). It is risky to buy the euro in the current situation. However, the pair grew on the Friday’s trades.

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Trading recommendations

The pair euro/dollar completely played back all the news background. And today we expect the pair decrease continuation. We do not exclude the consolidation from the level of 1.0600. Then again we expect a decline for the minimum update.


Pound

The pound temporarily recovered before having fallen back under pressure.

The earlier recovery was mainly dictated by technical factors. Moreover, the market bond yields spread between Great Britain and the Unites States is not in favor of the former one. Nevertheless, the pound increased at the end of the week.

The Bank of England governor Haldane said that if necessary, MPC could again take additional monetary policy easing measures to counteract the low inflation. He also added that the interest rate could be reduced to zero level.

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Trading recommendations

The pair is still in the decline structure. At present we consider the minimum update. The target is the level of 1.4680. Further we consider the new consolidation and the pair return to the level of 1.4900.


Yen

The US dollar fell against the yen. The dollar index ended the week with the maximum decrease in July 2013 on the expectations that the Federal Reserve System (Fed) would not hurry with the basic interest rate increase.

The index value that is focused on the US dollar against 10 major world currencies, fell by 0,3% during the trades. Since the beginning of the week the indicator fell by 1.2%.

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Trading recommendations

The pair dollar/yen continues to form a growth structure. We expect a new wave with the target of 121.60.


Gold

The gold futures have declined. The crude oil prices decrease put pressure on the gold prices. The crude oil futures are trading near the 6-year low as the world market is already oversaturated with supplies and is facing the possibility of the oil supplies resumption from Iran.

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Trading recommendations

Now the gold forms a correction to the level of 1187. We shall consider its decline continuation with the level of 1160 testing within the downwards trend.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.
Ekaterina Fechina
 
Posts: 307
Joined: Thu May 15, 2014 5:04 pm

Re: Analysis from a European broker Forex.ee

Postby Ekaterina Fechina » Sat Mar 28, 2015 5:12 pm

Issue №41 from 28/03/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The US dollar resumed its rally after the jobless claims and PMI services positive reports. Both indicators have exceeded forecasts.

The claims number amounted 282 thousand (the forecast was 290 thousand; the previous value was 291 thousands).

The ECB President Mario Draghi has refrained from new comments. He is optimistic about the economic cycle and expects that the asset purchases volume would reach to 60 billion euro till the end of March.

Traders started to close long positions after the unsuccessful attempt to consolidate above 1.1000. The pair euro/dollar completed its growth on Tuesday and Wednesday.

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Trading recommendations

There are only two trading days left before the end of the month. Now the fight is for the month candle closure. It is very important. The pair EUR/USD is showing a positive trend in the short term. We consider the euro purchases after the price reaches the level of 1.1040, the stop- loss is at the level of 1.0860, profit-taking is at the level of 1.1150.

Pound

The pound rose after the UK of strong retail sales publication. Actual values have exceeded forecasts; the previous figures were revised upwards. The pair GBP/USD has reached the mark of 1.4993.

The Bank of England Governor Mark Carney gave his speech. According to his statement, the Bank of England is planning to raise interest rates.

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Trading recommendations

The pair is showing a positive trend in the short term. We expect purchases after the price reaches the level of 1.4970, the stop loss is at the level of 1.4870, the target is at the level of 1.5050.


Yen

The US dollar has not almost changed against the yen after the Japan controversial economic reports publication as optimism started to decline after the US jobless claims report one on Thursday.

The official data showed that the Japan household spending increased by 0.8% in February, exceeding expectations by 0.5% after the previous month decrease by 0.3%. A separate report showed that the Japan consumer price inflation fell to 2.0% on the annual basis in February, compared with a growth expectations to 2.1%, declining from 2.2% in January.

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Trading recommendations

The pair USD/JPY is showing a negative trend now. We believe the yen will decrease after the price reaches the level of 118.50. We may place the stop- loss at the level of 119.50, we may take profit at the level of 117.75.


Gold

The gold prices are declining as traders decided to take profit after the seven-day rally, still the dollar is increasing due to the US statistics. The gold has strengthened this week amid the growing demand for the safe assets, followed after the global stock markets decrease resumption and the Saudi Arabia bombing aircraft reports and allies that support the rebels’ positions in Yemen.

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Trading recommendations

The gold prices are declining as traders decided to take profit after the seven-day rally, still the dollar is increasing due to the US statistics. The gold has strengthened this week amid the growing demand for the safe assets, followed after the global stock markets decrease resumption and the Saudi Arabia bombing aircraft reports and allies that support the rebels’ positions in Yemen.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.
Ekaterina Fechina
 
Posts: 307
Joined: Thu May 15, 2014 5:04 pm

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