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  #271  
Old 04-25-2017, 04:51 AM
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April 25, 2017

Asian Stocks Abated Due to High Risks

The appeal of Asian stocks to investors has subsided because of political and economic risks that overshadowed continuous returns over the past 26 years. Asian business has been good in the second half last year up to early this year and is the impetus is slowing down soon

This put the Asian equities for a sell-off as investors have become cautious compared a few months ago. Moreover, political elections in Europe and profit taking in the U.S. bring in corrections that are not good. Another concern is the decline in cyclical upswings in China and the United States which has a big effect on global trading including equities of Emerging market.

Nevertheless, investors do not totally leave despite the high costs of stocks compare to other emerging markets but are still lesser cost than developed markets. The analysts forecasted earnings to rise by 17% this year.
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  #272  
Old 04-25-2017, 04:56 AM
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April 25, 2017

Trump Proposes Corporate Tax Cuts by Up to 15%

White House aides have been ordered by President Donald Trump to draft a corporate tax plan which will cut down the corporate tax rate by up to 15% in spite of the fact that this will be translating to significant profit losses. Trump has told his staff at an Oval Office meeting last week that he is looking for a large-scale tax cut which could be sold to American citizens, with the possibility of a federal budget deficit notwithstanding. Trump had also reportedly told his officials to finish it in time in order to release a comprehensive tax plan this coming Wednesday.
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  #273  
Old 04-26-2017, 12:23 AM
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GBP/JPY Technical Analysis: April 26, 2017

The British pound against the Japanese yen dropped during Tuesday trading. There is significant support found at 140 level that could reverse the trend and for a massive green candle pattern. The market will try to break the price even higher up to 145 handle. The 140 level could now become the support of the pair. The pair is moving upwards that seems to be in a longer term. The British pound broke its psychological levels and which may last for some time.
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  #274  
Old 04-26-2017, 01:12 AM
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EUR/USD Fundamental Analysis: April 26, 2017

A lot of market players have been saying during the start of the week that the EUR/USD pair’s momentum would most probably enable the pair to advance towards 1.0900 and could even reach 1.1000. The currency pair is now trading at just under 1.0950 points, with trade-attributed risks continuing to hound the market as an effect of the very positive news from the eurozone over the weekend.

The results of the French national elections over the weekend showed Emmanuel Macron gaining significant headway against centrist candidate Marine Le Pen, with the opinion polls showing that Macron could possibly eclipse Le Pen further in the second round of the elections this coming May 7. Macron is considered as the more euro-friendly between the two candidates, and a Macron victory would translate to a very positive effect for the euro. On the other hand, we have seen the dollar weakening drastically across the board, and this has prompted several investors to pull out from safer assets and invest instead in the stock market and in the euro. In addition, Trump’s consistent statements with regards to building a wall and renegotiating its trade relations with Canada, and these kinds of statements are usually not well-received by the market and this dissatisfaction is evident by the number of market players who sold off the US dollar.

The EUR was able to clear up its annual highs within the 1.0900 trading range, and as such, the EUR/USD pair is expected to advance further towards 1.1000 points. For today’s session, there are no major releases coming from the EU economy, and the EUR/USD pair is expected to go higher as the day progresses. The euro rate announcement will also be released during tomorrow’s session, and the EUR/USD pair is expected to receive leverage from this particular piece of information.
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  #275  
Old 04-26-2017, 05:41 AM
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Default Re: Economic and company news by ForexMart

جاء سعر الدولار اليوم ما بين 19.30 و 19.40 للشراء مع توقعات بتحرك الدولار فى السوق السوداء اليوم، وإختلف سعر الدولار خلال الأيام الماضية بشكل كبير وخاصة فى البنوك والتى شهدت إرتفاع لنسق أسعار العملة الأمريكية قابله إرتفاعات طفيفة فى السوق الموازية مع توقعات بإرتفاعات كبيرة مع عودة الإستيراد من جديد
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  #276  
Old 04-27-2017, 01:11 AM
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NZD/USD Technical Analysis: April 27, 2017

The New Zealand Dollar was kept under pressured area on Wednesday. The price weakened during the night and stalled near the level 0.6900 in the late session of Europe. Meanwhile, technical indicators provided sell signals.

Resistance highlighted 0.6950 mark, support is at 0.6900 area.

As the drop in the NZD quotations was canceled, a stable growth came about and breakdown to the region 0.7050 for further indication of growth.

There are no significant releases from New Zealand as the pair will not experience any impact with regards to the exchange rate.

Inability to maintain 0.6900 would likely move the NZDUSD to continue its downward momentum through 0.6850.
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  #277  
Old 04-27-2017, 01:17 AM
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AUD/USD Technical Analysis: April 27, 2017

The Australian currency slumped significantly during the Wednesday session as it broke lower than the 50% Fibonacci Retracement level. A break lower than the 0.7450 level would proceed to go lower but sellers could come anytime in the market being the price to go up. The next target would range close to 0.7375 and below with 61.8% Fibonacci Retracement level.

The pair broke in its support region but still lingers close today’s lows indicating strong pressure to sell the pair. It surpassed the 0.7475-0.7500 support range which was the former resistance area.

This could be followed by a slide towards at 0.7385 with followed by 0.7285 level with 61.8% and 78.6% Fibonacci retracement level respectively. As it reaches the 0.73 handle, a bullish trend becomes apparent which becomes a good support level. A breakdown in these levels could result to pursue selling in the next few days,

However, if the Aussie returned to 0.75 handle similar to daily close which is not a good sign. The price could move back directed towards the top of its range at 0.7700 and 0.7750. Nevertheless, a breakdown is more likely to happen.
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  #278  
Old 04-27-2017, 01:22 AM
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USD/CAD Technical Analysis: April 27, 2017

The U.S. dollar against the Canadian dollar attempted to go higher but the 1.36 level stayed strong. Hence, the price would quite go down as the oil market surge. The 1.35 level becomes a significant support which would open more buying opportunities. However, if the price breaks higher than the latest high, this would translate the market into a buy and hold condition. It may not be favorable to order short this pair as it might go higher.
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  #279  
Old 04-27-2017, 01:27 AM
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EUR/GBP Technical Analysis: April 27, 2017

The Euro paired against the British pound surged in the beginning of the Wednesday session. The Resistance level was too strong that the market failed to break out. Consequently, the price would most probably decline and tried to fill the gap formed at the beginning of the week. Traders who would like to sell for short-term could do so but should be heedful of a lot of noise present in the area and best to wait for the sidelines until a chance to go long comes in. A breakout of the current trading range would also be a propitious sign for this pair.
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  #280  
Old 04-28-2017, 12:15 AM
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GBP/USD Technical Analysis: April 28, 2017

The currency pair Great Britain Pound to US Dollar is seen trading around 1.2903 area. The Cable successfully refreshed the local maximum level but the head and shoulders reversal pattern formed at the MACD histogram.

The signal line remained in the MACD limits and we do not rule out the possibility for sterling to edged higher.

Should the GBPUSD rose would test its potential to reach the upper boundary of the increasing channel. The target for fall is the range within the support 1.2650 mark.

Canceling the version of declining quotations would signal a stable growth and further breakdown within the 1.2980 level while the expectation for continuous growth will extend around the decline of the upper boundary of the ascending channel.

According to projections, the pair will accelerate its downfall alongside the drop slow MA level and its daily close at 1.2760 region.
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  #281  
Old 04-28-2017, 01:08 AM
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AUD/USD Technical Analysis: April 28, 2017

The Australian dollar against the U.S. dollar surged during the Thursday session. Although the 0.75 area was being resistive and a break at 0.7540 level indicates completion of the downtrend. This reversed the trend as it reached below the 0.7450 and 0.7439 region. A break lower than the base of the region, the pair is anticipated to continue its decline even in the next few days towards the next target of 0.7400 level. The 0.7375 level becomes a significant support with 61.8% Fibonacci retracement level and it seems that the pair will hold upon this level. The gold market could support the pair to boost demand for the currency.
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  #282  
Old 05-05-2017, 04:52 AM
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May 5, 2017

Trade Disparity Between US and Mexico Expands

The MXN experienced downward pressure after trade war anxieties stemming from Trumpís tough take on trade negotiations with Mexico caused a surge in the US demand for cheaper and more affordable Mexico-sourced goods, thereby increasing the trade disparity between the two countries. Mexican trade deficits jumped by up to 14% just in the first quarter of 2017, a stark contrast to the trade deficit recorded last 2016 in the same period. In addition, the Mexican Peso is also down by 8% against the USD as far as 2017 is concerned. Prior to this development, Trump has repeatedly threatened to build a border wall between the two countries and is now even considering a cancellation of the NAFTA agreement as part of the presidentís plan to give new life to US-based factories. The NAFTA trade agreement involves Mexico, Canada, and the US and has enabled lower tariff levels, among others.
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  #283  
Old 05-17-2017, 03:20 AM
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GBP/USD Fundamental Analysis: May 17, 2017

The sterling poundís bulls experienced a very harrowing trading day yesterday after the GBP/USD pair was unable to make any significant progress even after all the other major currency pairs were able to take advantage of the greenback going on backfoot. The cable pair remained within a very limited trading range and was unable to even advance towards its range highs, much less surpass this particular range. Several geopolitical issues has caused the dollar to drop, however, the GBP/USD pair did not have enough fuel for it to actually gain from the dollar losses.

The US housing data fell short of initial market expectations, and this proved to be somewhat damaging for the interest rate bulls who had already priced in the possibility of a June rate hike from the Fed. However, the market was more affected by news that Trump had apparently leaked top-secret information to the Russian government straight from the Oval Office, in addition to reports that Trump has apparently been caught dipping his fingers into a certain continuing investigation. These series of events triggered a massive dollar selloff, and while other major currencies such as the EUR were able to make use of this particular development, the sterling pound barely moved from its original position. The GBP/USD pair only slightly advanced from 1.2900 points and is now placed at just under 1.2950 points and does not look like it could induce a rally anytime soon. This is an indicator of just how weak the currency pair as of the moment and it could only be a matter of time before things take a turn for the worse.

For todayís trading session, there are no expected releases coming from the UK economy although international geopolitical events could possibly dominate the market for today. However, the GBP/USD pair is not expected to exhibit that much volatility given its recent weakness, and the pair should start a rally soon in order to placate any risk of the pairís current standing taking a turn for the worse.
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  #284  
Old 05-17-2017, 04:00 AM
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EUR/USD Technical Analysis: May 17, 2017

The EURUSD raise higher because of the support of a strong growth and below-than-expected data in the housing number of the United States which brought an impact towards the U.S Treasury yields, hence placing a downward pressure to the American dollar. The sales of US chain stores keep worsening that caused for the greens to move lower.

The Europe started to gain more confidence with hopes that the European Central Bank is going to remove the quantitative easing.

The pair climbed upwards reaching 0.9% near the mark 1.1080. The price was cut into the downtrend sloping line moving close to the support region 1.0990.

Further support is found alongside the 10-day moving average approaching the 1.0940 level. The target resistance can be spotted at 1.1299 touching its November peaks. Moreover, the momentum was positive since the moving average convergence divergence (MACD) histogram formed a crossover signal to buy. This is the result of the spread that crossed over the 9-day EMA of the spread.

The histogram shifted from negative to positive area indicating a buy signal. It also printed in the black along with an upward sloping trajectory and turns to a higher rate.
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  #285  
Old 05-17-2017, 04:10 AM
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USD/CAD Technical Analysis: May 17, 2017

The overall American session has been very choppy on Tuesday which also affected its Canadian counterpart. Moreover, an announcement regarding inventories in crude oil was released today and the market tends to find a better position as it anticipates for the possible flow of market volatility.

The level 1.36 remains important when it comes to support with expectations that the market will have a series of test within this region for the next hours. However, the scheduled data should be disclosed prior acquiring this position because the market could trigger a massive reaction. Therefore, it is much advisable to ward off from the USDCAD till the figures were already issued.

As of this writing, the trade is in between the marks 1.36 and 1.3650. Do not be so overwrought about this except when a significant impulsive move happened but we assumed that this will going to happen when there is some substance from the report.

Meanwhile, short-term traders appeared to be interested about scalping the commodity-linked pair despite the fact that there is a higher possibility for the downward bias to occur in the near-term.

Toggling around the market might be best when trading, as of now. But sure enough, both sides will provide further opportunities.

After the release of the announcement, it suggests that an impulsive action would be the best direction.
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