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  #1  
Old 01-19-2017, 12:43 AM
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Default Economic and company news by ForexMart

Dear All,

Me and my colleague will be posting economic news. kindly subscribes on this thread for further post.

Thank you.
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  #2  
Old 01-19-2017, 01:11 AM
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EUR/USD Fundamental Analysis: January 19, 2017

The US dollar finally regained the majority of its losses yesterday after the country released a series of positive economic data, as well as from a handful of fundamental adjustments which occurred in the country during the previous trading session. However, although the dollar strength has already returned, it remains to be seen whether this will eventually continue to become a long-term trend or merely dissipate as a short-term correction for the USD, and with Trump’s inauguration tomorrow, the US dollar is in for some interesting movements in the future.

The USD remained docile during the entirety of yesterday’s Tokyo and European trading session. However, the EUR/USD failed to make significant developments after going through 1.0700 points since it was relying on economic data in order to make actual progress. The CPI data from the US was eventually released and met market expectations, inducing more upward pressure on the USD but was immediately lost in the face of increased volatility in the market. But the real game-changer was Yellen’s speech later in the day, wherein the Fed chair reiterated that if the slew of positive economic data from US continues, then the market could be in for another Fed rate hike anytime soon. This dollar-positive movement has then caused the EUR/USD pair to climb up to 1.0620 points and has now settled just above this particular region. The pair is expected to undergo more pressure as the dollar continues its winning streak across the board.

The ECB will be releasing its rate statement during today’s trading session and will be subsequently followed by a press conference from the central bank. There are no changes expected from the ECB, however it is expected that the central bank would probably highlight its most recent achievements to the market audience. US will also be releasing the Philly Fed Index as well as the Unemployment Claims data, both of which are expected to increase volatility and lend additional support for the USD.
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  #3  
Old 01-19-2017, 01:17 AM
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USD/CAD Fundamental Analysis: January 19, 2017

The USD/CAD pair was previously situated in a very critical support region and has reverted in the region just below 1.3000 points. The Bank of Canada has already released its statement regarding the central bank’s rates, and the bank also held a press conference later in the day. The pair’s strong bounce was seen as the US dollar and the Canadian dollar went in highly opposite directions during the previous trading session.

The USD had already regained its lost strength and has exhibited positive activity across the board after Yellen announced that the Fed could possibly go for more rate hikes in the future if the economic data from the US continues to be positive. On the other hand, the Bank of Canada announced that it will be making no changes on its current interest rates. However, the succeeding press conference from BoC’s Poloz has made it clear to investors that the Canadian economy has not shown any progress and has instead stayed in the same place. Moreover, Poloze expressed his sentiments regarding a possible trade war under the Trump administration, and this has adversely affected the CAD and has caused the USD/CAD pair to revert back from the 1.3000 trading range and was able to shot up through 1.3100 and even through 1.3200 where it currently sits above as of present time.

Market players are expecting that the USD/CAD pair might be in for a strong uptrend and could possibly reach 1.4000 points. For today’s trading session, Canada will be releasing its Manufacturing Sales data, while US will be releasing its oil inventory data as well as the Unemployment claims data. These are expected to induce volatility in the pair. However, it is highly likely that the USD/CAD pair will be in for an uptrend in the long run.
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Old 01-19-2017, 01:37 AM
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GBP/USD Fundamental Analysis: January 19, 2017

The GBP/USD pair was unable to sustain its hold over 1.2400 points and eventually dropped to 1.2300 points, mostly due to the return of the dollar’s strength, which was expected by investors to come back anytime soon. The UK released a string of highly positive economic data yesterday, such as the average earnings data and the claimant count data. However, these were relatively minor data, and had little effect on the movement of the sterling pound. But it is important to note that in spite of the general uncertainties surrounding the Brexit process, UK still manages to release very positive economic data from their region.

The majority of market players instead chose to focus on economic data coming from the US, but the sterling pound’s weakness had already taken effect during this time after receiving pressure from Yellen’s statement that the Fed could possibly go for another interest rate hike if the economic data from the US continues to be positive in the coming months. This has then caused the dollar to increase in value and has caused the currency pair to drop to 1.2300 points.

Market players are generally expecting that the GBP/USD pair will continue its losing streak, and since the dollar continues to strengthen, the currency pair could be in for more losses both in the short run and long run. There are no major data set to be released today from the UK, and with nothing to counter the movement of the USD, the currency is more likely to be subject to more downward pressure as the day progresses.
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Old 01-19-2017, 01:56 AM
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AUD/USD Technical Analysis: January 19, 2017

The Australian Dollar presented some optimism compared with its U.S peer that receives support from the dynamic pricing of oil. The awaited data from the labour market is deemed to support the Aussie at the same time.

The tone of the market remains to be positive. The AUD/USD is confined on its 2-week highs near the 0.7550 level. The price hovered around a very tight range and tends to go into a lower position. The 4-hour chart showed the spot stick on top of the moving averages. The 100 and 50-EMAs preserved its bullish tone while 200-EMA is flat. Resistance hit 0.7550 mark, support is found at 0.7500 range.

MACD lied in the same level which confirmed buyer’s strength once again. The RSI is currently on the consolidation period and entered the overvalued zone.

Forecasts mentioned for a further short-term downward correction. In case the closing trades are set under 0.7750, the price will impose a sell signal. The possible target of the bears is 0.7500.
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  #6  
Old 01-19-2017, 03:03 AM
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GBP/USD Technical Analysis: January 19, 2017

Hard Brexit issues continued to affect the cable pair. The British currency weakened in spite of the upbeat in the labor market data as the unemployment stat maintained its rate and Claimant Count Change rose.

The sterling is in the red versus its American rival on Wednesday. The GBP/USD climb the edge of the overbought area and pointed downwards amid Asian hours. Sellers take out the 1.2400 level during the morning trades and tested the mark 1.2300 in the EU session. However, the mark stalled the progress of sellers. Having touched the level, the price reduced and stayed on top of the region prior to the onset of NY trading.

According to the 4-hour chart, spot bounced off to 200-EMA. The entire moving averages moved downwards. Resistance highlighted 1.2400 region, support entered 1.2300 area.

The MACD slowed down which favored seller’s strength. RSI kept intact in the overbought zone.

Moreover, the 4-hour chart showed a prevailing bearish tone.The primary target 1.2200 showed some signs as it will be going short followed by the consolidation phase, the pair is expected to move ahead through 1.2100 handle.
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Old 01-19-2017, 03:25 AM
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EUR/USD Technical Analysis: January 19, 2017
The American dollar was able to rub out its losses versus the euro prior to the speech of Yellen yesterday. The greens further acquired some support from the consumer price index of U.S which met the expectations of investors. Moreover, the decision of the ECB about its interest rate will be announced later this day.
The market structure remained to be bullish on Wednesday. The single European currency executed an upside impulse and return from its weekly high towards 1.0716.
The ongoing rebound is deemed to be corrective during the profit-taking behind the current rally. The EUR/USD retreated under the 1.0700 level amid morning trades on Wednesday and it hovered throughout the level as the EU session took place.
The 4-hour chart shows the price resumed its advancement on top of the moving averages. The 100 and 50-EMAs continued to be bullish while 200-EMA stayed on the neutral position shown in the same time chart. Resistance sits at 1.0700, support lies at 1.0650 region.
The MACD histogram falls which indicate weak position of the buyers. The RSI oscillator kept around the overvalued territory.
The pair is expected to moved near the immediate support 1.0650. In case the level breaks, the support will return to 1.0600. However, the EUR will receive short-term support as much as 1.0500 remained intact.
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  #8  
Old 01-19-2017, 04:34 AM
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USD/CAD Technical Analysis: January 19, 2017


The USD/CAD pair surged on Wednesday as it broke the downtrend on the chart. It started from the 1.3598 level forming until 1.3018 level completing the current downtrend. The support level is found at 1.3135 and if a clear break is seen, the price could further go down towards the 1.2800 mark. Alternatively, if the price breaks higher than the current uptrend line, the price could move up towards the next target at 1.3500 level in the next days to come.


A rebound in the price trend could being the sellers back soon and dominate the market as the prices are about to go higher influenced by the oil market. However, if the oil prices become unstable then the prices could further go up and the break lower than the 1.30 level gives a negative sign to the market.
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Old 01-19-2017, 04:54 AM
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EUR/JPY Technical Analysis: January 19, 2017
The EUR/JPY pair amped up for some time on yesterday morning indicating signs of steadiness in the market. This may not stay long and traders may face some roughness in trading as it reach below the 120 handle. Then, the buyers would lead the market.

After some days, the price could reach the 124 level again as the current 120 level could further go down towards the 118.50 level as long as the support holds. It is not recommended to sell the market as of now.
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Old 01-19-2017, 04:58 AM
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NZD/USD Technical Analysis: January 19, 2017

The New Zealand dollar fell in the beginning of trading session on Wednesday. The market was able to reverse this and formed a hammer pattern in the charts. It seems very bullish and if the break is successful to break beyond the top of the hammer, the price could further go up towards the 0.73 level. Oppositely, if the price breaks lower at the bottom of the hammer then this indicates a negative sign towards the 0.71 handle. There is an inclination for the pair to reach the overbought area but it seems that the buyers are quite finished. Nevertheless, it is anticipated for a high volatility in the market.
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Old 01-19-2017, 05:37 AM
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January 19, 2017

Australia’s Increase in Employment

The Australian Bureau of Statistics released an official data on Thursday showing an upsurge in employment. The number of people employed increased by 13, 500 which is higher than the expected figures of 10, 000. The number of people who work full time expand by 9, 300 and the participation rate reached 64.7% in December while 64.6% for November.


Annette Beacher, Chief Macro Strategist of Asia-Pacific Research at TD Securities, mentioned that there were about 92,000 additional jobs created last year. However, these jobs are only part-time because full-time occupation declined in 2016.


Moreover, the stability of the labor market will be based on the actions of the Reserve Bank of Australia for 2017, according to an economist at Morgan Stanley, Daniel Blake.On one side, there are few analyst who believes on the positive impact of the employment statistics.
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Old 01-19-2017, 05:56 AM
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ForexMart Won as «Best Forex Newcomer 2016»


ForexMart was recognized as the best young company of 2016 year in the field of financial markets activity according to the business publication Global Business Outlook, having won a new award in the nomination "Best Forex Newcomer 2016".

Global Business Outlook Awards – the annual international award which recognizes and rewards businesses, both private and public, showing impressive innovations and progressive strategies in business activity at various economic industries. The new award, received by ForexMart, proves the high professionalism level of its specialists and quality of the offered services. And surely it reflects the highest degree of customer confidence. The award «Best Forex Newcomer 2016» from the authoritative British edition is a great distinction in a highly competitive market.

ForexMart President Ildar Sharipov is thankful for the award commenting:
«We are proud of getting this important and significant award and very thankful to our clients for their firm trust. This new award is a symbol of ForexMart’s excellent service that brings clients the complacency and security they need in the volatile forex exchange market. We always aim to provide our clients with the most advanced technologies for successful trade, without forgetting about safety and comfort of our interaction. We are planning to develop our services further, helping traders and partners to remain at the top of financial success».

ForexMart continues to make progress, creating and improving optimum, convenient and safe conditions for trade. Receiving of this award – is a significant achievement, indicating that ForexMart and its clients are on the right path - the path to success!
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Old 01-19-2017, 05:58 AM
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January 19, 2017
Proposed U.S. Tax Cut Favors Canadian Economy
The Bank of Canada’s Overnight rate target uphold the 0.50 percent as the economic outlook remains the same. It is forecasted that the economy will recuperate to its maximum potential in the middle of 2018 driven by the infrastructure program of Federal government which could affect the economy.

The proposed tax cuts may be favorable for Canadian exports and business confidence but this may have an opposite effect for other states in America. Hence, this tax cut may not affect the economy of Canada. Even though the Canadian economy recovered solidly in the third quarter of 2016, it is forecasted since October to rise up to 2.1 percent until next year
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Old 01-19-2017, 05:59 AM
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Default Re: Economic and company news by ForexMart

January 19, 2017
Proposed U.S. Tax Cut Favors Canadian Economy
The Bank of Canada’s Overnight rate target uphold the 0.50 percent as the economic outlook remains the same. It is forecasted that the economy will recuperate to its maximum potential in the middle of 2018 driven by the infrastructure program of Federal government which could affect the economy.

The proposed tax cuts may be favorable for Canadian exports and business confidence but this may have an opposite effect for other states in America. Hence, this tax cut may not affect the economy of Canada. Even though the Canadian economy recovered solidly in the third quarter of 2016, it is forecasted since October to rise up to 2.1 percent until next year
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Old 01-23-2017, 03:43 AM
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USD/JPY Technical Analysis: January 23, 2017


Subsequent to the speech made by Janet Yellen, the US dollar abated. But the greens reversed few of its losses on Friday on the back of the inauguration speech of Donald Trump.

The greenbacks attempted to reach 115.00 barrier amid Asian hours. The bulls pushed the level prior to the onset of the EU trading. The price was unable to maintain its upward impetus and turn back through 115.00 eventually.

The 4-hour chart indicates that the price rebounded to the 50-EMA during the Asian session and it further moved between the 50 and 100-EMAs in the Euro hours. The 100 and 50-EMAs employ a downward trend while 200-EMA was confined in the flat lining. Resistance touched the 116.00 level, support hit 115.00 area.

The MACD histogram arrived in the positive zone and if it hovered on its position, the buyers will strengthened. RSI stayed around the overvalued territory.

The general outlook for the pair remained to be bullish as it rack up through the resistance region 116.00.

The USD/JPY could fail and return to the downside in case the 115.00 handle were unable to support the bullish investors.
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