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  #106  
Old 02-07-2017, 03:28 AM
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EUR/GBP Technical Analysis: February 7, 2017

The Euro against the British Pound declined on Monday. Despite the downfall, the price enough support in the 50-EMA to recover the price trend giving a positive outlook. If the market is able to break higher than the candle formed in the trading session, the price could move again in the upside. Short-term pullbacks may be used as buying opportunities that may switched to a bullish pressure in the market later on. The next target of buyers will be at 0.8850 level.
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  #107  
Old 02-07-2017, 03:42 AM
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AUD/USD Technical Analysis: February 7, 2017

The Australian dollar declined on Monday’s trading session in a high volatility market. There seems to be a strong support found below with buying opportunities close to the 0.76 handle. The price moves in an uptrend which seems to be overextended for some time. The pullback may influenced a strong offer of the price for traders that are willing to buy. The Resistance level is seen at 0.7750 mark while current support level could further decline towards the 0.75 and lower.
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  #108  
Old 02-07-2017, 03:52 AM
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February 7, 2017

Indonesia Economy Rose to 5.02%

The Gross Domestic Product of Indonesia beefed up by 5.02 percent in 2016 versus 4.88 percent in 2015 based on the report of Central Statistics Agency (BPS) released on Monday. However, the Austronesian nation declined during the Q4 with a year-over-year decrease in GDP by 4.94 percent with the previous 5.02 percent in Q3.

The chief of BPS, Suhariyanto mentioned the government expenditure also dropped to 4.05 percent during the fourth quarter of 2016 followed by a budget curtailment which causes for a slower annual percentage compared with the same quarter in 2015 with an increase of 7.12 percent.

The adjusted public spending regarded as being caused by austerity measures led by the administration of Joko ďJokowiĒ Widodo with an estimated Rp 137 trillion (US$10.27 billion) trimmed budget.

Furthermore, the figures for imports and exports grew slower with 1.74 percent only while 2.27 percent in 2016 accordingly. Investments mounted to 4.48 percent in the previous year.

The household consumption of Indonesia is considered the largest factor for the countryís GDP reaching 56 percent within the total percentage, the increase is approximately 5.01 percent.
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  #109  
Old 02-07-2017, 03:57 AM
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February 7, 2017

Asian Stocks Drop after JPY Haven Demand Surge

Asian equities experienced a decline following a JPY rally after the demand for the safe haven currency increased following various concerns surrounding political events worldwide. The Japanese Topix index decreased after a three-day high as the JPY recorded its highest value since November 2016 last Monday. This recent rally in equities caused by Trump’s policies have started to weaken as most investors are now worried with how the Trump administration plans to balance out its proposed tax cuts and added spending with its protectionist stance on international trade. Adding to risk are some EU countries where anti-establishment organizations are now gaining fuel prior to their respective national elections.
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  #110  
Old 02-07-2017, 11:44 PM
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EUR/USD Fundamental Analysis: February 8, 2017

The market has been experiencing a lot of volatility recently due to the pronounced weakness of most major currencies, with traders having a hard time picking out definite directions, with profits going from positive to negative in just a matter of minutes. During yesterday’s session, the USD was able to regain the majority of losses against the EUR, with the EUR/USD pair falling down to 1.0700 points. For a brief moment it looked like that this particular stance of the currency pair would remain standing and would eventually become overpowered by the dollar’s strength but the following day saw the dollar losing its ground and dropping back to its previous lows. There is basically a surrounding fear and marked uncertainty felt within the market right now that all currencies are very weak, which has resulted in this very rare price action.

There are no major news data expected to be released from either the European Union or the US today, and this means more ranging and consolidation activity for the EUR/USD pair. This is generally okay for day traders but could spell disaster for long-term traders as they become hard pressed to find direction in this very chaotic market environment.
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  #111  
Old 02-08-2017, 12:51 AM
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USD/CAD Fundamental Analysis: February 8, 2017

The USD/CAD pair increased in value for the second this day this week after the currency pairís bulls finally took control after a week-long struggle with the bears who were threatening to put downward pressure on the pair and push it even lower than 1.3000 points. Market analysts had been previously saying that the 1.3000 region is a make or break point for both bulls and bears, and once the pair surpasses this barrier the bears would have full control of the USD/CAD pair and a shift in the pairís trend will occur.

This forecast fortunately did not come into fruition as the bulls took hold of the pair and is now inducing the pair to go higher and higher as we speak. The recent drop in oil prices also did some good for the currency pairís movement, which was largely due to the recent oil production cut agreement, and since the Canadian economy is hugely reliant on oil prices, a drop in oil prices automatically translates to a weaker Canadian dollar, and this is why the USD/CAD has been inching consistently higher during these past trading sessions and could possibly reach 1.3200 if this trend continues.

There are no major economic news releases from Canada scheduled to be released today, but the US will be releasing its oil inventory data which will be closely monitored by investors as this might cause the CAD to further weaken once it exhibits an additional build-up on its data.
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  #112  
Old 02-08-2017, 02:09 AM
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USD/CAD Technical Analysis: February 8, 2017

The decline in crude oil prices weighed on the Canadian dollar while the stronger US dollar added pressure to push the loonie downwards.

The USDCAD resumed a short-term uptrend on Tuesday. Moreover, the USD came in green against its Canadian peer. The spot gradually increased overnight reaching 1.3120 level prior to opening of the European session. There is a renewed buying pressure within the greens which supported the pair towards its fresh highs. The price spiked and touched 1.3190 region in the post-EU open.

The barrier restricted its developement as it holds the major enclosed the region. The price drove the 100 and 50-EMAs higher as shown in the 4-hour chart. The pair nearly reached the 200-EMA which became the resistance. Furthermore, the 50 and 100 EMAs shifted to an upward trend while 200-EMA headed lower. Resistance entered 1.3190 area, support holds 1.3120 handle.

The MACD approached the positive territory, preserving this area would mean a stronger stance for the buyers. RSI hovered around the overvalued range indicating another upward trajectory.

It is projected that a near-term bullish momentum will return. In order to resumed this bullishness, the pair should focus on top of 1.3190 mark.
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  #113  
Old 02-08-2017, 02:16 AM
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GBP/USD Technical Analysis: February 8, 2017

The United Kingdom released Halifax House Prices and Like-For-Like Retail Sales by which both indices published negative results. Likewise, Brexit issues further affected the major.

The sterling weakened in spite of broad strengthening of the US dollar yesterday. The GBPUSD rebounded in the 1.2500 during the morning trades and continued to decline under 1.2400 region in the EU hours. Sellers drove the price downwards amid post-opening London session en route 1.2300.

As shown in the 4-hour chart, the price lead the 100 and 50-EMA towards a lower direction and further tested the 200-day moving averages. The 50-EMA moved lower while the 100-EMA directed upwards and the 200-EMA sits in the neutral territory. Resistance touched 1.2400, support entered 1.2300 region. MACD grew weaker which favored strength for the sellers. RSI hovered in the oversold zone and ployed downwards.

It can also be seen in the 4-hour chart that the price preserved its bearish sentiment. If the pair focuses below 1.2400 support, the spot resumed a short-term downward momentum. The next probable target of the sellers is 1.2300.
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  #114  
Old 02-08-2017, 02:33 AM
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EUR/USD Technical Analysis: February 8, 2017

The negative result of German Industrial Production weighed against the euro. The wide-ranging US recovery further affected the single European currency.

The market appeared to be bearish yesterday. The EURUSD kept intact in the pressured area throughout the trading day. The EUR was removed from the 1.0750 level during the daily open and resumed its decline towards 1.0700 region.

Sellers was able to broke the region amid EU hours. Bears continuously drove the price downwards within the day and tested mark 1.0650 in the middle session of Europe.

Having touched the aforesaid mark, the downward momentum weakened causing the spot to make a reversal. The pair lead the 100 and 50-EMAs lower as mentioned in the 4-hour chart. The price extend its development on top of the 200-EMA subsequently. Moving averages (50, 100 and 200) headed upwards based on the same timeframe. Resistance highlighted 1.0700, support jump in at 1.0650.

The MACD histogram is in the negative territory, maintaining this position would provide strength for the sellers. RSI moved southwards following an escape within the neutral readings.

Another bearish outlook is expected to prevail. It is also possible to consider another downward movement in the 1.0650 level, en route 1.0600.
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  #115  
Old 02-08-2017, 03:22 AM
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AUD/USD Fundamental Analysis: February 8, 2017

The pair sustains its uptrend from 0.7159 as the former decline at 0.7695 is a consolidation in the upper channel. The price ranges between 0.7571 and 0.7695 levels in the next days to come and the price could further go up towards the 0.7800 mark after consolidation. The main support level is found at 0.7511 and if the price breaks at this area, this implies the uptrend is complete.

The Australian dollar was affected overnight when Chinese Reserves data slumped lower than the psychological $3 Trillion. The broader greenback was hold back from a tailwind while commodity currencies steadily holds compared to a general currency where China could lessen their commodity purchases. However, there are elevated risks in the market as the Chinese reserves continues to go down.

The RBA decision remains neutral which is already expected as the Aussie maintains the high trading. Traders remain cautious as the central bank might become dovish or might recover as it might move higher from the latest weakness of GDP and inflation. The Fed has strongly sent a message to push through the rate hike on March and is still behind and could get even worse. The dollar bulls having a hard time in the market as they try to fight for the current significant psychological levels.

The oil market also was not able to sustain the commodity prices this morning with the Western Texas Intermediate (WTI) are mostly accessed when the U.S. Crude oil inventories increased in number as much as 14,227 million barrels, considered as the second highest gains in U.S. History.
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  #116  
Old 02-08-2017, 03:52 AM
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February 8, 2017

Positive Reports Indicating Italy's Economic Recovery

Italyís economy is performing well as it grew for the past three months signaling a stabilizing growth pace of the economy as statistics shown. Despite the uncertainty in the first half last year, the country was able to recover supported by the monthly report short-term economic forecasts by the national statistics agency ISTAT.

Results were further supported by the improving manufacturing sector, household purchasing power and higher investment. However, the consumer confidence index declines due to the current weak economic condition. On a brighter side, the business confidence has significantly advanced. This was greatly influenced by the manufacturing sector increased by 0.7% In November. Other sectors such as the foreign trade and and Household Consumption climbed by 2.2% and 0.3% respectively in the third quarter last year.

This remarkable results coincides with the expectations of the government and optimistic that this will lessen the fiscal adjustment needed from the European Union.
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  #117  
Old 02-08-2017, 03:54 AM
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February 8, 2017

Euro Falls from Grace as Elections Increase EU Exit Concerns

The EUR dropped for the second consecutive day as the impending national elections increased concerns with regards to the fate of the eurozone. The euro dropped to its lowest levels in two months against the JPY following an onslaught of protectionist policies from various EU leaders who are pitching against themselves in the forthcoming European elections in the coming months. EU members are also very concerned with the German elections, since a lot of analysts are speculating that the eurozone might fall apart once Angela Merkel loses in Germany’s parliamentary ballot and Marine Le Pen wins in France’s presidential elections.
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  #118  
Old 02-10-2017, 01:06 AM
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USD/CAD Fundamental Analysis: February 10, 2017

The USD/CAD pair merely continued its previous trend of ranging and consolidating as both the US dollar and Canadian dollar deal with the respective developments unfurling on both the US and Canada. The market is finally showing signs of being able to adjust to Trumpís policies, and this ensures that the USD might be able to rally at least in the short term and medium term. The bulls of this pair was also able to effectively repel a barrier in the 1.3000 level of the pairís chart, thereby making its bulls more confident and making this pair a safe investment for potential investors since the pair is expected to continue its upward trend once it finishes consolidating and ranging.

The USD/CAD pair did not exhibit any kind of substantial movement during the past 24 hours. However, Trump has announced that he will soon be implementing tax cuts in the coming weeks, and this has helped the dollar regain its losses although it has not made any dent in the USD/CAD pairís activity. Market players are probably still waiting for the release of the Canadian employment data before making any move with regards to this pair as this will a determinant on the current stance of the Canadian economy. Moreover, the impending NAFTA discussion will likely be affecting the Canadian economy, and if Trump does good on his campaign proposals with regards to NAFTA, then the CAD will be bearing the brunt of this particular occurrence.

In spite of a lot of market analysts saying that Canada might be in for a weaker economic status in the long haul, the country has been releasing a series of fairly good economic data, and the BoC is expecting this trend to persist even as the country releases its unemployment data later today. If the data comes out as favorable, then the USD/CAD pair might drop to 1.3100 points, otherwise the pair might soon test the 1.3200 barrier.
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  #119  
Old 02-10-2017, 03:00 AM
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February 10, 2017

USD Rallies as Market Anticipates Trumpís Tax Policies

The USD traded within its session highs following Trumpís statement that his administration will soon be releasing updates with regards to its tax policies in the coming weeks, inducing some positivity in the market and leading to speculations that the US economy might benefit from fiscal stimulus and could also lead to an reignition of the Trump trade. The USD/JPY pair was able to maintain its place in its session highs and has created a ripple effect among other currency pairs after Trumpís officials stated that the currency devaluation issue will not be among the priorities listed in the impending meeting of Trump and Shinzo Abe.
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  #120  
Old 02-13-2017, 12:55 AM
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USD/CAD Technical Analysis: February 13, 2017

The USDCAD was neutral amid Friday night trades. The Asian recovery slowed down overhead the level 1.3120. The greens tried to resume its gains but attempts failed. Renewed selling pressure affected the spot rebounding the price lower than 1.3120 during afternoon session.

The USD fall behind 1.3050 level prior to the opening of the New York hours.

According to the 4-hour chart, the rebounded the 50-EMA lower and tested the 100-day moving averages. The pair is confined under the 200 and 100-EMA throughout the day. The 100 and 50-EMAs is neutralize while 200-EMA moved lower as shown in the same timeframe. Resistance is at 1.3120, support entered 1.3050 region. The MACD histogram decreased which implied weak position for the buyers. RSI is confined in the overvalued territory near the neutral zone.

Bearish sentiment is expected to prevail. If the commodity-linked pair remained on top of the 1.3120 mark, sell order will be posted. The next possible target of the sellers is 1.3050.
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