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Daily Market News By FXNET

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Re: Daily Market News By FXNET

Postby CommexFX » Thu Jul 31, 2014 8:57 am

Daily Outlook 31-07-2014

The US GDP information brought more cheer for the Dollar bulls all over yet maybe the time for some alert is here with the Dollar Index still not able to convincingly exchange over the 10 month safety of 81.50 and the Sterling hinting at inversion. A transient top in Dollar and a fleeting base in Euro? Let watch.

Euro (1.3399) is immovably exchanging beneath the 200 week MA now and any remedial ricochet may confront safety at first at 1.3415-45 and afterward 1.3475-1.3500. It searches prepared for a voyage to 1.33 or 1.31 in the following few days.

Dollar-Yen (102.76) hit a 3 month high at 103.09 after the US information yet may think that it hard to climb further to 103.50-104. A sideways move in the extended scope of 101.-103 looks more likely now. Euro-Yen (137.68) bounced higher on the over of a forcefully debilitated Yen however for real quality, a break over 1.3850 is essential.

Pound (1.6949) is attempting to turn around precisely from our target level of 1.6890 and keeping with the prior example, we may finish up forcefully that the amendment has finished. Purchasers may rise here with a stoploss underneath 1.6885 for a fabulous danger reward degree.

Aussie (0.9327) hit a 3 month low at 0.93 levels and unless it figures out how to exchange over 0.9350-60 soon, the bears may endeavor to push it down to 0.9250 levels. At this time, the whole more extensive band of 0.9250-0.9550 is grinding away.

Gold (1294.69) has additionally dropped after better US GDP turned out and the US values went down. Right now exchanging simply over 1292.8, it may head towards 1280.5. Long haul bearishness is still in power while underneath 1350-1400. Falling to1280-1260 appears a plausibility in the more extended run.
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Re: Daily Market News By FXNET

Postby CommexFX » Mon Aug 04, 2014 4:01 am

Daily Outlook 1-08-2014

Except the Aussie and the Pound, no other currency moved much. Yen may weaken further but keep an eye on Aussie, where the drop is surprising in the context of a violent rise in Chinese equities.

Euro (1.3388) is taking a pause in the form of a Triangle and looks set for a drop to 1.33 in the next 1-2 sessions. Any corrective bounce may face resistance initially at 1.3415-45 and then 1.3475-1.3500.

Dollar-Yen (102.89) is trading in the range of 101-103 as expected but now it may attempt the difficult rise to 103.50-104 if it manages to sustain above 102.80. Euro-Yen (137.75) is consolidating in the higher levels and may rise to test the resistance area of 1.3830-50, above which the door to 1.39 will open.

Pound (1.6857), contrary to expectations, has broken below the support of 1.6890 and now 1.6830 must provide support or else the 9-month uptrend may get threatened.

Aussie (0.9291) could not get back above 0.9350 as required for the
bulls and as a result, it has come down to the major channel support of 0.9250 as expected which must hold to protect the uptrend.

Gold (1283.79) extends its fall further towards our target of 1280 and a break below may see 1260 levels. Near term is bearish. Silver (20.39) is also on a downfall targeting 20.108 in the near term. No scope for bulls to be seen for now.
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Daily Outlook 4-08-2014

Postby CommexFX » Mon Aug 04, 2014 7:10 am

While the lower than anticipated US NFP information has debilitated the Dollar, the Indian Rupee holds up for the RBI meet tomorrow. About all the EM monetary standards are confronting solid backings, which must be broken to fortify the Dollar once more.

Euro (1.3418) ricocheted higher in opposition to desires yet to grow the bob, it must break over 1.3450. The ECB meet later this week may bring some short blanket however the significant pattern remains immovably down and set for lower targets.

Dollar-Yen (102.67) is exchanging the scope of 101-103 not surprisingly yet now it may in any case endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to manage over 102.35-25. Euro-Yen (137.76) is merging in the larger amounts and may climb to test the safety zone of 1.3830-50, above which the way to 1.39 will open.

Pound (1.6825) has indicated the end of its 9-month long uptrend and now every restorative ascent may face offering weight at the larger amounts. A bob may be expected from this help band of 1.68-67, so watch out.

Aussie (0.9322) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this extend, no drifting move will develop and sideways value activity may predominate.

Gold (1292.58) appears to climb now however unless it breaks 1300-1350, bearish weight would exist for some more of a chance. While beneath 1300 shots of a fall towards 1280-1260 still exists. Silver (20.36) is steady for the time being showing a fall towards 20.10. Gold-Silver proportion (63.462) has forcefully climbed and in the event that it breaks 63.82 it may focus on 64.9-65 levels indicating an ascent for the metals.
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Forex Daily Analysis - 04 Aug 2014

Postby Froso@FXNET » Mon Aug 04, 2014 9:28 am

EUR/USD plunged after eurozone and German PMI missed desires. The euro is exchanging at 1.3384 against a developing US dollar in front of the nonfarm payroll report. European markets prop for a heap of March Purchasing Managers' Index last perusing for July, in a substantial logbook in front of the European Central Bank's arrangement meeting one week from now.

GBP/USD gave up 36 points to trade at 1.6849 after UK PMI printed below expectations. Analysts had forecast a print of 57.2 but actual was at 55.4. The US dollar continued to gain ahead of a rash of data today including the monthly nonfarm payroll report due in a few hours. The US currency has strengthened against all major currencies and gold, and its rally versus the British pound was boosted by weaker than expected housing market and confidence data from the UK.

AUD/USD gathered a bit of momentum against the strong US dollar after retail sales beat expectations this morning, but there wasn’t much of a rally as the Aussie added 9 points to trade at 0.9323. Lackluster Chinese nonmanufacturing PMI weighed on the currency. RETAIL sales rose 0.6 per cent in June, and were stronger than expected in the second quarter of the fiscal year, largely owing to strong demand from home furnishings as housing construction starts to accelerate.

USD/JPY is exchanging at 102.65 up by 4 pips as the US dollar continues to gain momentum while the JPY shows weakness. Call for action from the Bank of Japan might indicate additional stimulus this month. Japanese economic data has been lackluster and there might be a downward revision to growth coming this week. Major private-sector think tanks suspect the economy shrank by an annualized rate of 7.4 percent on average from April to June, in price-adjusted real terms.

Gold recovered $3 to trade at 1285.80 ahead of today’s nonfarm payroll report. Traders bought up the cheap asset but it still remains weak. Gold was stuck near a six-week low and headed for a third straight weekly loss, as U.S. economic optimism offset any safe-haven demand from geopolitical tensions and lower equities
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TO TRADE OR NOT TO TRADE?

Postby CommexFX » Tue Aug 05, 2014 3:17 am

Why do people trade? Obviously to become quick rich! Interestingly enough, only a small minority of traders ever make any profits worth mentioning-yet, despite this reality, trading still excites people and many see it as a fast money-making tool, and plunge into it, unaware of the risks involved!

Trading is not simple; it is a cocktail of many factors, such as knowledge, experience, confidence, patience and even psychology.

Let’s define them for the sake of argument, shall we?

The more knowledgeable and experienced a trader, the greater his chances of success. Armed with these two factors, he can anticipate market volatility, study the market trends (with the help of indicators and other trading tools), recognise the strength of certain currencies and will know when to close an order to make a profit. The more experienced a trader, the less mistakes he will make.

Knowledge and experience boosts confidence and this last factor is essential in developing a successful trading strategy. Confidence comes with time and it provides the ammunition to combat the complexity of trading, it allows you to succeed in making a better judgement of market trends, and makes you confident when choosing which currency to trade. Confidence also allows you to accept any mistakes you may make, reassuring you that it is not the end of the world and that mistakes can be a positive tool in avoiding all repetition of the same mistakes.

Patience is a virtue, and not more so than in FX trading! Patience is required to evaluate the markets and identify trading patterns, grasping golden opportunities to place orders, learning how to employ all indicators to assess the markets, etc. With patience, as a gift, a truly successful trading strategy can be developed. But patience is difficult to master in an environment of excitement and fast trade movement, which can bring both profits, whether expected or unexpected, and disappointment.

Psychology, how is this a factor, I hear you ask? Well, trading involves high risk, and any type of financial loss affects our psychology causing anger and disappointment, and the real feeling of failure sets in, so how do we deal with this? Well, we need to have a solid state of psychology when trading, we need to be armed with enough knowledge to enable us to trade to avoid any disappointment of losing, which can trigger anger and make us surrender. We need to also understand that being lucky is not the answer to trading; so if we make a win through luck, we should not imagine that this ‘false luck’ will continue to prevail in our trading strategy. This false hope may lead us to invest all our funds, and then maybe even losing them. Believing in ‘luck’ can be disastrous to any trading strategy.

So now that we have learnt all about how the above factors can affect our trading strategy, let’s venture into the fascinating world of FX trading and become savvy traders!!

CommexFX wishes you a pleasant and successful trading experience!

http://www.commexfx.com/to-trade-or-not-to-trade/
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Re: Daily Market News By FXNET

Postby CommexFX » Tue Aug 05, 2014 6:13 am

Daily Outlook 5-08-2014

All the worldwide coinage are in an insensible mode with exceptionally thin extends with the ECM get meeting up and this unaltered situation may be thought about the Rupee as well, anticipating the RBI meet toward the beginning of today.

Euro (1.3418) is exchanging a scope of 20-30 pips yet to amplify the ricochet, it must break over 1.3450. The ECB meet later this week may bring some short blanket yet the real pattern remains solidly down and set for lower targets.

Dollar-Yen (102.56) is exchanging the scope of 101-103 obviously yet now it may in any case endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to maintain over 102.35-25. Euro-Yen (137.63) is uniting in the larger amounts and may climb to test the safety range of 1.3830-50, above which the avenue to 1.39 will open.

Pound (1.6863) bobbed of course however may think that it hard to handle the safety at 1.6890-6900 now. It has indicated the end of its 9-month long uptrend and now every restorative ascent may face offering weight at the larger amounts.

Aussie (0.9323) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this run, no inclining move will develop and sideways value activity may predominate.

Gold (1288.98) is battling in the 1280-1300 area. Force stays low and the metal may keep on remainning extent bound this week. 1280 has been a pivotal backing and we have to check whether it can throw the metal to larger amounts.
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Re: Daily Market News By FXNET

Postby Froso@FXNET » Tue Aug 05, 2014 6:47 am

Fundamental Analysis August 5
EUR/USD is exchanging at 1.3429 down a pip after Spanish unemployment moved higher than anticipated. The euro was 0.4 percent from its most minimal level versus the dollar since November as financial specialists held the biggest position in two years wagering on a drop in the cash before the locale's national bank meets this week.

GBP/USD gained 7 points to trade at 1.6828 after UK construction PMI beat expectations helping the pound to rally.House price growth will slow sharply in the UK as building work picks up, a stronger pound puts off foreign investors in London property, and the rules around the mortgage market are tightened.

AUD/USD gathered a bit of momentum against the strong US dollar after retail sales beat expectations this morning, but there wasn’t much of a rally as the Aussie added 9 points to trade at 0.9323. Lackluster Chinese nonmanufacturing PMI weighed on the currency. RETAIL sales rose 0.6 per cent in June, and were stronger than expected in the second quarter of the fiscal year, largely owing to strong demand from home furnishings as housing construction starts to accelerate.

USD/JPY is exchanging at 102.65 up by 4 pips as the US dollar continues to gain momentum while the JPY shows weakness. Call for action from the Bank of Japan might indicate additional stimulus this month. Japanese economic data has been lackluster and there might be a downward revision to growth coming this week. Major private-sector think tanks suspect the economy shrank by an annualized rate of 7.4 percent on average from April to June, in price-adjusted real terms.

Gold is trading at 1295.40 basically flat for most of the day, but moving between small gains and losses as traders recover from last week’s big events. Gold is expected to remain flat until the ECB meeting later this week but can move on headlines. Gold traded little changed above a six-week low in London as investors assessed the health of the U.S. economy after last week’s jobs report.
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Daily Outlook 6-08-2014

Postby CommexFX » Wed Aug 06, 2014 5:36 am

The Dollar quality is pushing the metals lower and may proceed with so in the close term indicating bearishness for the metals. Oil markets are additionally exchanging low.

Euro (1.3368) is experiencing its disappointment to break over 1.3450 and has hit a new low at 1.3356. Unless 1.3450 is broken soon, the likelihood of it arriving at the help range of 1.33 will be stronger.

Dollar-Yen (102.53) is exchanging the scope of 101-103 not surprisingly however now it may even now endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to manage over 102.35-25. Euro-Yen (137.06) descended in opposition to desire on the once again of a debilitated Euro. It can hit 136.40-05 now if Euro keeps on falling.

Pound (1.6876) ricocheted obviously yet may think that it hard to handle the safety at 1.6890-6900 now. It has indicated the end of its 9-month long uptrend and now every remedial ascent may face offering weight at the larger amounts.

Aussie (0.9298) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this run, no drifting move will develop and sideways value activity may win.

Gold (1289.63) is steady and exchanging a bit higher. We may see a few sideways union in the close term in the 1280-1300 area and unless this extent breaks further heading can’t be dead set. General long haul pattern is down.
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Fundamental Analysis August 6

Postby Froso@FXNET » Wed Aug 06, 2014 7:09 am

EUR/USD maneuvered by 34 focuses as dealers start to concentrate on developing financial and saving money issues in the eurozone. The euro tumbled to 1.3388 in front of Thursday's ECB meeting. Later in the day, the spotlight movements to ISM Non-Manufacturing Composite gage. Economists recommend the discharge will reveal to US benefit part development quickened to the speediest pace in 11 months in July.

GBP/USD rallied after a strong Services PMI print beat expectations pushing the pound to 1.6868 up by 7 points. The British currency strengthened against the other key counterparts in the early European session on Tuesday after data showed that U.K. services PMI rose more-than-expected in July.

AUD/USD fell below the 93 price level as the US dollar gained momentum this morning. The AUD gave up 5 points to trade at 0.9299. The Australian dollar is lower after US stocks lost almost one per cent on concerns that the conflict in Ukraine could worsen. Polish Foreign Minister Radoslaw Sikorski told reporters overnight that Russia had increased its military presence on the Ukraine border, suggesting a possible escalation in the conflict.

USD/JPY eased by 7 points as the JPY continued to gather momentum on safe haven trades after Russia moved troops closer to the Ukraine border and President Putin threatened sanctions against the West. Geopolitical tensions continue to raise sending traders to risk off mode.

Gold was a surprise and gained today adding $3.60 to trade at 1292.50 after the US dollar picked up momentum to climb to trade at 81.54 and silver fell. Gold held steady below $1,300 an ounce on Tuesday, although a strong dollar and the first outflow in more than a week from the world’s top bullion fund weighed on sentiment.
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Re: Daily Market News By FXNET

Postby CommexFX » Thu Aug 07, 2014 5:10 am

Daily Outlook 7-08-2014

Notwithstanding Italian retreat, awful Germany Factory Orders, sanctions against Russia and dangers of Russian attack into Ukraine, the skip seen in Euro has bewildered all the dealers. Maybe simply a show of alert from Euro-bears before the enormous occasion of ECB meet today? Maybe QE is not nearing today?

Euro (1.3386) has skiped pointedly from 1.3330, near our help region of 1.33 however 1.3450-75 would be an extremely extreme obstacle to handle. The ECB meet toward the evening would be the pattern decider today.

Dollar-Yen (102.18) is exchanging the scope of 101-103 yet lost the bullish catalyst to endeavor the troublesome ascent to 103.50-104.the reach bound value activity doesn’t look like consummation whenever soon. Euro-Yen (136.78) ricocheted once again in the wake of accomplishing our focus of 136.40-05 as it made a low at 136.16. On the off chance that Euro can develop the skip, this pair may hope to test the real safety territory around 138 by and by.

Pound (1.6856) tried 1.6820 levels after a sharp dismissal from 1.6890-6900 not surprisingly. The following course relies on upon the BOE choice today and it would be better not to conjecture before that occasion.

Aussie (0.9281) is experiencing a horrendous selloff as its Unemployment rate hits a 12-year high and the Labor Force information takes on at -300 against the normal 13500. The value activity at the long haul help zone of 0.9250-0.92 may focus the medium term course and pattern.

Gold (1307.15) shot up yesterday on flaring strains over Ukraine expanding the interest for the metal. Yet in the more drawn out run the conceivable Dollar quality over Euro may get to be bearish for Gold. Need to lie low if the ascent manages and takes it higher towards 1330 or returns to lower levels of 1290 in the advancing sessions.

Silver (20.089) likewise climbed after the ECB Meeting yesterday, additionally skipping from vital backing close to 19.7. On the off chance that the help holds we may see an ascent towards 20 once more. General quick pattern is down.
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