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    Highlight of the Day: Due to Geo Political Risk Spikes EUR and the Pound Remain in the Spot Light

    Economic information is probably going to possess a comparatively muted impact on the majors through the day, with heightened geo-political risk to drive the EUR and also the GBP. Earlier in the Day:

    Economic data discharged through the Asian session this morning was on the lighter aspect yet again, with key stats restricted to Gregorian calendar month business confidence figures out of Australia.
    For the Aussie DollarThe Aussie Dollar moved from $0.71701 to $0.71736 upon release of the figures before rising to $0.7180 at the time of writing, a gain of 0.10% for the session.
    ElsewhereThe Day Ahead:

    For the EURFor the PoundAcross the Pond, there aren't any material stats regular for unleash, that leaves Capitol Hill because the key driver, whereas market sentiment towards Brexit and therefore the Italian government may offer more support for the dollar through the day ought to the wires deliver additional dangerous news.
    At the time of writing, the dollar Spot Index was up zero.05% to 97.586, with Capitol Hill and geo-political risk in Europe remaining focus through the day.

    For the Loonie

  • #2
    Ahead of EZ CPI Today EUR/USD Moved off the Daily Highs While Brexit Continues to Weigh
    EUR/USD was packed down all night over Brexit turmoil with UK ministers quitting their positions in protest to PM May's negotiated deal with the EU that successfully does not get together the UK's electorate's vote.

    Technical Overview

    The EUR/USD pair trades slightly up for the day, above the 38.2% retracement of its newest daily decline, with a gentle-positive tone in its 4 hours chart, as the price bounced rapidly after testing its 20 SMA, while technical indicators resumed their advances, maintaining their upward slopes in positive ground but under early highs. Furthermore, the pair remains below firmly bearish 100 and 200 SMA. The 50% retracement at 1.1355 is still in the way for a steeper improvement, while the bearish risk will enhance on a break below 1.1250, with scope then to retest the yearly low at 1.1215.
    Support levels: 1.1280 1.1250 1.1215
    Resistance levels: 1.1355 1.1390 1.1425

    15M Bearish Neutral Low
    1H Bullish Neutral Low
    4H Bullish Neutral Shrinking
    1D Strongly Bearish Neutral Low
    1W Strongly Bearish Oversold Expanding
    Fundamental Overview

    The financial world was once again all about the UK and Brexit. Macroeconomic numbers received little consideration and had still less effect on prices. The EUR/USD pair has spent the day trading a few pips either side of 1.1300 level, not capable to create a center of attention from investors. The pair was not yet influenced by some market talks recommending that Italian chief economic advisor, Claudio Borghi, indicated that it was the EU that used made-up numbers to judge Italy's budget and not the other way around, adding that if the League party gets a popular in the next elections, Italy will be the next exiting the EU. There were numerous macroeconomic releases in the US but with mixed results that left depositors clueless. There were some headlines indicating that China made an offer to the US to try to move forward in trade discussions, which helped high yielding assets bounce from daily lows.
    US Retail Sales were up by 0.8% MoM in October, beating expectations of 0.5%, even though the September figure was downwardly revised to -0.1%. The core reading, named Retail Sales Control Group was up by 0.3%, below the expected 0.4%. Unemployment claims for the week ended November 9 were up to 216K vs. the 212K expected. Also, the NY Empire State Manufacturing Index beat expectations by printing 23.3, while the Philadelphia one disappointed with 12.9. This Friday, the EU will publish the final readings of October inflation, foreseen up 0.2% MoM and 2.2% YoY, while the US will release October Industrial Production and Capacity Utilization.


    • #3
      Dollar fight backs at 16-month High

      Three Factors Pressured the U.S. Dollar Last Week

      Inflation May Not Be Overheating

      Powell Sees Risks Ahead

      The outlook for Dollar Bearish

      The combination of the tame inflation report, comments from Fed Chair Powell on cooling global demand and the dovish comments from Fed Vice Chair Clarida stating the Fed is getting closer to neutral, are all signs the Fed may slow its pace of rate hikes and this should be bearish for the U.S. Dollar. For More information visit us:-


      • #4
        Key Highlights


        • #5
          EUR Breaks Support Amid broader Italian spreads and Firmer USD - US Market Open

          USD: The US Dollar has scratched back near the beginning losses to trade higher by 0.2%. As US equity markets go on with to plunge, bringing US surrenders and Fed rate hike expectations lower, the outlook for the US Dollar is softening. As it stands, market pricing for a December hike is at 72%, down from the +80% seen a few weeks back. Together with this, given the crowded net long positioning, the US Dollar is susceptible to extra losses. As mentioned last week, USD bearish bets may be best uttered through USDJPY shorts.

          EUR: AUD / NZD: The sell-off across risk assets has seen the Australian Dollar under pressure with the currency sitting at 0.6850, down 0.4%. On the other hand, regardless of the throw in equity markets the Kiwi has not followed the Aussie and has been amazingly firm with notable selling in AUDNZD potentially explaining the Kiwi positive aspect.

          Crude Oil:


          • #6
            Retail Sales Does Not Get Affected from Holiday Even, Increase in the Prices of Natural Gas, Economical GasolineFocus Will be on RetailersRecord Cold Could Limit Retail Sales in the EastWill There Be a Santa Claus Rally in the Stock Market?


            • #7
              AUD/USD Technical Analysis: Cutting Away at the 100-Day SMA Resistance Line
              • The AUD/USD is attempting a break higher than the 100-day simple moving average (SMA) obstacle of 0.7247, having bounced off strongly from the bullish (ascending) 20-day SMA of 0.7226 earlier today.
              • The strong jump from the 20-day SMA has indeed neutralized the bearish outlook put forward by the rising channel breakdown witnessed on Nov. 20.
              • A bullish restoration, however, would be authenticated above 0.73 (the neckline hurdle of the inverse head-and-shoulders pattern). That move could happen if the international equity markets trade on the offensive, as recommended by the 0.5 percent rise in the S&P 500 futures in Asia.
              • The daily MACD has deviated in support of the bears. As a result, the probability of pair confirming bullish revival above 0.73 in the short-term is pretty low.
              • Overview:
                Today Last Price: 0.7245
                Today Daily change: 15 pips
                Today Daily change %: 0.207%
                Today Daily Open: 0.723
                Earlier Daily SMA20: 0.7217
                Earlier Daily SMA50: 0.7178
                Earlier Daily SMA100: 0.725
                Earlier Daily SMA200: 0.7439
                Earlier Daily High: 0.7261
                Earlier Daily Low: 0.7218
                Earlier Weekly High: 0.7327
                Earlier Weekly Low: 0.7202
                Previous Monthly High: 0.724
                Previous Monthly Low: 0.702
                Previous Daily Fibonacci 38.2%: 0.7235
                Previous Daily Fibonacci 61.8%: 0.7245
                Previous Daily Pivot Point S1: 0.7212
                Previous Daily Pivot Point S2: 0.7194
                Previous Daily Pivot Point S3: 0.717
                Previous Daily Pivot Point R1: 0.7255
                Previous Daily Pivot Point R2: 0.7279
                Previous Daily Pivot Point R3: 0.7297


              • #8
                Trade War Rhetoric and Brexit Chatter to maintain the USD and GBP in Action

                Trump talks of more tariffs as the G20 Summit come up to, with Brexit chatter ongoing to pin the Pound back on probabilities of the deal being thrown out.
                Earlier in the Day:
                Economic data discharged through the Asian session this morning was restricted to October trade figures out of New Zealand.

                For the Kiwi Dollar, there was more bad news following some mainly disappointing 3rd quarter retail sales figures released on Monday, with the trade shortage widening in October, year-on-year, from NZ$5,330m to NZ$5,790m, which is the highest annual trade deficit since October 2007.
                According to NZ Stats:stThe Day Ahead:

                For the EUR, economic data is limited to jobseeker numbers out of France that are unlikely to have a material impact on the EUR through the day, with focus likely to remain on Italy and general outlook towards the economic outlook, which could cause the ECB to pause on its financial policy plans for next year should conditions go down further.
                At the time of writing, the EUR was up 0.03% to $1.1331, with geo-political risk and chatter on Italy the key drivers through the day.

                For the PoundthAcross the PondFor the Loonie, another quiet day ahead, leaves the Loonie in the hands of market risk appetite and direction in crude oil prices in particular.
                The Loonie was down 0.04% to C$1.3260 against the U.S Dollar at the time of writing.


                • #9
                  Attention again goes in Put Options (Bearish Bets) as Gold Hits its 12-Day Low
                  • Gold's price knock down to 12-day lows during the night trade, indicating an end of the corrective bounce from $1,196.
                  • This Price Drop of Gold seems to have revived interest in Put Options.
                  Gold knock down to $1,212 in the overnight trade - a point last seen on Nov. 16 - as the greenback picked up a bid on hawkish comments by Fed's Vice Chair Clarida.

                  Notably, the drop to 12-day lows point towards the counteractive bounce from the Nov. 13 low of $1,196 has likely ended at $1,230 and the bears have reclaimed control.

                  Adding credence to that view is the increase in implied instability premium for the XAU put options. As of writing, the XAU/USD three-month 25 delta risk turnarounds are trading at -0.125 in support of puts vs 0.325 in support of calls seen on Nov. 26

                  The negative reading point towards the implied instability premium (or demand) for put options is more than that for calls.

                  So, it appears safe to say that the options market has rotated bearish on the yellow metal. In other words, investors are likely expecting a deeper fall in gold and hence are buying downside defense. For more updates visit us at:-


                  • #10
                    In Previous Three Days USD/JPY Hits Lowest Price Below 113.50

                    The USD/JPY pair recommenced its decline and breaks the 113.50 support in the Asian trading, as the USD bears recovered poise amid dovish remarks by the Fed Chair Powell while markets pay no attention to the risk-on action on the equities.
                    1. Technical Overview

                    The increasing momentum seen in the last few days continues easing according to technical readings in the 4 hours chart, where signs are in frank retracement straight from overbought readings and now nearing their midlines. The 100 SMA in the mentioned chart lacks directional force a few pips under the current level, at around 113.35, providing an instantaneous short-term support, as a break below it will likely worsen the decline. The 200 SMA is also aimless at around 112.90, with bulls possibly giving up on a break below this last.

                    Support levels: 113.35 112.90 112.55

                    Resistance levels: 113.75 114.05 114.50

                    SUPPORT & RESISTANCE
                    S1 113.720 W R3 115.870 S
                    S2 112.9000 M R2 114.8800 M
                    S3 111.9100 S R1 113.9600 W

                    For more update visit us at:-


                    Attached Files


                    • #11
                      Technical Analysis of Three Currency Pairs

                      According to analysis, The EUR/USD fell close to 90 pips on Friday, counteracting the bullish view put ahead by the outside-day reversal. That bearish move has founded Thursday's high of 1.1402 as the level to beat for the bulls, that is, the rally from the Nov. 28 low of 1.1267 is seen resuming above 1.1402.

                      Today Last Price: 1.1352
                      Today Daily change: 30 pips
                      Today Daily change %: 0.265%
                      Today Daily Open: 1.1322

                      GBP/USD Technical readings in the chart continue the risk twisted to the downward, as the pair is developing far under moving averages, while the RSI pointer resumed its decline, now gaining descending traction at around 42. The risk of a descending extension will add on a break below 1.2724, November 27th daily low.
                      Support levels: 1.2725 1.2690 1.2665
                      Resistance levels: 1.2770 1.2805 1.2840

                      According to Technical Readings the USD/JPY pair pared back increases to close the bullish opening gap, now roundabout near 113.55 regions on distinguished US dollar supply, as the US-China trade break boosts the demand for the riskier currencies.
                      Support levels: 113.20 112.90 112.55
                      Resistance levels: 113.60 114.05 114.50
                      Read Technical Analysis of Three Currency Pairs EUR/USD, GBP/USD, USD/JPY. According to analysis, The EUR/USD fell close to 90 pips on Friday!


                      • #12
                        Cryptocurrency Market Overview: Bitcoin is running toward Multi Month Lows
                        • Bitcoin is down 3.4% after a sharp sell-off on Monday.
                        • Altcoins are pulled down by Bitcoin underperformance.
                        • Bitcoin and other major digital assets continued the downside drift on Monday with a little break during Asian hours on Tuesday. The total market value of all digital coins in transmission dropped to $126B from $130B the day before. The green shoots of revitalization have died away amid resumed bearish feelings.
                        • Bitcoin is floating at $3,833 at the time of writing. While the price of the major digital coin has hardly changed since the beginning of Tuesday, it is 3.4% under the levels registered this time on Monday. BTC/USD is running fast towards multi-month low under $3,500.
                        • Ethereum stays at $107.7, over 4% lower on a day-to-day basis and remains same since the beginning of Tuesday. The third largest coin with a market value of $11.2B is awkwardly close to a significant $100.00. The coin is dragged down by Bitcoin deficit and overall bearish sentiments that grasped the market.
                        • Ripple's XRP is floating around $0.3500 handle, down 3.5% in recent 24 hours. The coin goes down as low as $0.3465 throughout early Asian hours but handled to improve since that time amid short-term bullish trend. However, the upside momentum is too weak to take the price well above the current $0.3500. For more information visit us:-
                        Last edited by xtreamforex26; 12-04-2018, 05:06 AM.


                        • #13
                          Technical Overview of EUR/USD, GBP/USD and USD/JPY Currency Pairs

                          EUR USDcbsal-c6uud.jpg
                          GBP USD

                          The GBP traded lower against the USD and closed at 1.2711, after the Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. According to the news, reading is above fifty which means service sector is expanding, but lower than expected forecast (53.3, 52.2) which is bearish for GBP.

                          The pair is expected to find support at 1.2686, and a fall through could take it to the next support level of 1.2669. The pair is expected to find its first resistance at 1.28122, and a rise through could take it to the next resistance level of 1.29147.

                          GBP/USD previous Day range was 180.1 and Current Day Range is 40.1
                          USD JPY

                          The USD strengthened 0.22% against the JPY and closed at 112.771.
                          The Japanese Yen has benefitted this week from a surge in risk aversion which has seen USD/JPY retreat all the way back down to the dominant uptrend line.

                          The pair is expected to find support at 112.343, and a fall through could take it to the next support level of 111.908. The pair is expected to find its first resistance at 113.422, and a rise through could take it to the next resistance level of 114.078.
                          For more information visit us:-


                          • #14
                            Technical Overview of EUR/USD, AUD/USD and USD/CAD Currency Pairs

                            EUR USDcbwtf-naxgb.jpg
                            AUD USD

                            The AUD traded lower against the USD and closed at 0.7265, The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand.

                            The pair is expected to find support at 0.72311, and a fall through could take it to the next support level of 0.71949. The pair is expected to find its first resistance at 0.73267, and a rise through could take it to the next resistance level of 0.73887.

                            AUD/USD previous Day range was 95.9 and Current Day Range is 55.7.


                            USD CADcb1ax-cgr7s.jpg
                            For more information visit us:-


                            • #15
                              Technical Overview of USD/CAD, AUD/USD and USD/JPY Currency Pairs

                              USD CAD

                              The USD traded a bit lower against the CAD and closed at 1.3319.

                              Today, 6:30, and at 12:45. The Deputy Governor of the Bank of Canada will speak in Istanbul, Turkey. He will have the opportunity to comment on the excellent jobs report published on Friday, which seems much better than the dovish tone of the BOC decision.

                              According to the Analysis, The pair is expected to find support at 1.32480, and a fall through could take it to the next support level of 1.31774. The pair is expected to find its first resistance at 1.33945, and a rise through could take it to the next resistance level of 1.34701. Previous Day range was 146.8 and Current Day Range is 36.9.

                              AUD USD

                              The AUD traded bit higher against the USD and closed at 0.7201.

                              JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.

                              The pair is expected to find support at 0.71852, and a fall through could take it to the next support level of 0.71694. The pair is expected to find its first resistance at 0.72281, and a rise through could take it to the next resistance level of 0.72569.

                              AUD/USD previous Day range was 43.6 and Current Day Range is 44.9.

                              USD JPY
                              The USD traded lower against JPY and closed at 112.687.

                              Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.
                              GDP growth can have a positive effect on yen quotes.

                              According to the analysis, USD/JPY pair is expected to find support at 112.517, and a fall through could take it to the next support level of 112.350. The pair is expected to find its first resistance at 112.887, and a rise through could take it to the next resistance level of 113.090.

                              USD/JPY previous day range was 3700 and current day range is 4340.