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Trends 02-03-2015

Daily Briefing- US futures higher ahead of PMI data

Daily BriefingCurrenciesEUR/USD: The pair has bounced from our Identified support zone on a 30 minute time frame. The support zone was given in our analysis last week. The next resistance is at 1.1269 and the support is at 1.1150. USD/JPY: The pair has broken its resistance on a 30 minute time frame. The next support is at 118.71 and resistance at 120.45 GBP/USD: The pair has … [Read More...]

shutterstock_168112940

European markets higher despite lower Spanish PMI data; EZ CPI and UK PMI in focus

European markets are trading higher this morning as traders are willing to continue the momentum of making the record highs. It appears that the focus has somewhat shifted from all the obstacles which the global economy is facing for example the slowdown in China. Having said that, we had the manufacturing data released which has shown some signs of life, but still no where close enough to protect … [Read More...]

EURUSD 02-03-2015

EUR/USD- Bounced over 92 pips from OUR identified zone

The EUR/USD pair has bounced back up from our identified support zone on a 30 minute time frame. This support zone was given in our analysis last week. The price has moved nearly 91 pips at the time of writing this article, when the risk involved was only 22 pips. This is more than 2:1 ratio, which any day traders will be more than happy to take. The price has also completed its descending … [Read More...]

Today’s Technical Analysis

EURUSD 02-03-2015

EUR/USD- Bounced over 92 pips from OUR identified zone

The EUR/USD pair has bounced back up from our identified support zone on a 30 minute time frame. This support zone was given in our analysis last week. The price has moved nearly 91 pips at the time of writing this article, when the risk involved was … [Read More...]

EURUSD 26-02-2014

EUR/USD- Fundamentals vs Technicals

Fundamental AnalysisUS GDP data The main focus for today was towards the US GDP reading and market was looking for a contraction, however  we do have a surprise towards the upside, but not so much of a positive response.   Next week we … [Read More...]

GBPUSD 26-02-2014

GBP/USD- Near Resistance zone, Will you short?

The GBP/USD is trading in an upward wedge pattern on a 30 minute time frame. However, the range of this wedge pattern is narrowing down as we move towards the upside. The price is testing the 50 day moving average (shown in yellow) and it is also … [Read More...]

EURUSD 25-02-2014

EUR/USD- pair is moving in a sideway pattern

The EUR/USD pair is moving in a side way pattern on a 30 minute time frame. This usually means that the price is trading in a range and traders usually buy towards the lower end of this range and sell towards the upper end of this range. In terms of … [Read More...]

Copper 24-02-2014

Copper- Fundamentals Vs Technical Analysis

FundamentalsCopper is trading lower today ahead of the Yellen testimony and the fact is that we may hear more hawkish tone from her in the light of economic data which we have received so far. A hawkish view by her could make the dollar stronger … [Read More...]

Weekly Forecast

retail sales 12-05

Week Ahead: Fundamentals U.S – 24th – 30th of Nov.

U.S will kick off their trading week with a major economic event  release on Tuesday which is the Prelim GDP q/q data. On Wednesday, investors will look at the core durable goods orders and the unemployment claims data.  Also on Wednesday, the main focus of the week with the New Homes Sales data.

 

Tuesday Fundamentals:

1.      Prelim GDP q/q

Data:

Previous Figure: 3.5%

Forecast Figure: 3.3%

Time: 14:30 GMT

 

2.       CB Consumer Confidence

Data:

Previous Figure: 94.5

Forecast Figure: 95.9

Time: 16:00 GMT

Screen Shot 2014-11-24 at 11.54.08

Source: Bloomberg & Bloomberg Brief

Sentiment:

Most economists are predicting that the overall reading could have inflated due to the continuous fall in the oil prices which has increased the buying power for the consumers.

 

Wednesday Fundamentals:

1.       Core Durable Goods Orders m/m

Data:

Previous Figure: -0.1%%

Forecast Figure: 0.5%

Time: 14:30 GMT

 

2.     Unemployment Claims

Data:

Previous Figure: 291K

Forecast Figure: 287K

Time: 14:30 GMT

 

3.    New Home Sales

Data:

Previous Figure: 467K

Forecast Figure: 471K

Time: 16:00 GMT

Screen Shot 2014-11-24 at 12.01.20

Source: Bloomberg & Bloomberg Brief

Sentiment: 

We do not think that the New Home Sales improvement will show much of an improvement this week because the inventory data is still depressed.

 

core CPI  15-04-2014

Week Ahead: Fundamentals U.S – 14th – 21th of April.

 

U.S will kick off their trading week with a major economic event  release on Monday which is the core retail sales data. On Tuesday, investors will look at the core CPI and Empire State Manufacturing. Wednesday is the main focus day of the week with Building permits and housing starts. Thursday, will focus on unemployment claims and the Philly Fed manufacturing index will take traders attention.

 

Monday Fundamentals:

1.       Core Retail Sales m/m

Data:

Previous Figure: 0.3%

Forecast Figure: 0.5%

Time: 13:30 GMT

Tuesday Fundamentals:

1.       Core CPI m/m

Data:

Previous Figure: 0.1%

Forecast Figure: 0.1%

Time: 13:30 GMT

 

Sentiment:

Most economists are predicting that the overall reading could remain muted because the underlying factors rents are not increasing. The chart shows the comparison between the PPI, Core PPi, CPI and core CPI index.

core CPI  15-04-2014

Source: Bloomberg & Bloomberg Brief

 

2.       Empire State Manufacturing Index

Data:

Previous Figure: 5.6

Forecast Figure: 8.2

Time: 13:30 GMT

 

Sentiment:

The chart shows the comparison between the empire state index and the Philadelphia index.

empire state 15-04-2014

Source: Bloomberg & Bloomberg Brief

 

Wednesday Fundamentals:

1.       Building Permits

Data:

Previous Figure:1.01M

Forecast Figure:  1.00M

Time: 13:30 GMT

 

2.       Housing Starts

Data:

Previous Figure: 0.91M

Forecast Figure:  0.97 M

Time: 13:30 GMT

 

Sentiment:

An increase in the speculation such as a hike in the interest rate and diminishing hunger for new homes could have an impact on the final number.  The belwo chart shows the comparison between the permits and Starts.

housing starts

Source: Bloomberg & Bloomberg Brief

 

 

Thursday Fundamentals:

 

1.       Unemployment Claims

Data:

Previous Figure: 300K

Forecast Figure:  316K

Time: 13:30 GMT

 

2.       Philly Fed Manufacturing Index

Data:

Previous Figure: 9.0

Forecast Figure: 9.6

Time: 15:00 GMT

 

The above is for informational purposes only and NOT to be construed as specific trading advice. Responsibility for trade decisions is solely with the reader.
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