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indicators 15-12-2014

Daily Briefing- US futures upbeat and strong

Daily BriefingCurrenciesEUR/USD: The pair is trading below its downward trend line on a 30 minute time frame. The next support is at 1.21 and the next resistance is at 1.2570. USD/JPY: The pair is trading above its upward trend line on a 30 minute time frame. The next support is at 116 and resistance at 121. GBP/USD: The pair is trading in a rectangular pattern on a 30 minute time … [Read More...]

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Christmas week command low volume; Oil bounced up

This is the last week before Christmas and Santa rally could continue towards the end of the year by pushing the stocks up towards their record high. Usually a strong finish does mean that we could have strong January and we do have a famous saying which means if the month of January is strong, odds are stacked in favour for a robust year. However, this was not the case year, as we had a rough … [Read More...]

Screen Shot 2014-12-21 at 22.13.11

EUR/GBP- Near its support zone, will you trade?

The EUR/GBP pair is trading in a rectangular pattern on a 4 hour time frame. This confirms that we do not have any confirmation of the trend and the most of the price movement is between the 0.8041 and 0.7766 zone. We do have a little piercing of the Bollinger band however, there is no  significant movement, although the price is trading far enough from its 20 day moving average. The RSI and the … [Read More...]

Today’s Technical Analysis

Screen Shot 2014-12-21 at 22.13.11

EUR/GBP- Near its support zone, will you trade?

The EUR/GBP pair is trading in a rectangular pattern on a 4 hour time frame. This confirms that we do not have any confirmation of the trend and the most of the price movement is between the 0.8041 and 0.7766 zone. We do have a little piercing of the … [Read More...]

Screen Shot 2014-12-19 at 09.46.38

USD/JPY- Upward Momentum is Strong

The USD/JPY pair is trading above its upward trend line on a 60 minute timeframe. This confirms that the downward trend is no longer in play and the prize is trading in an upward trend.The price has also formed a complex reverse head and shoulder … [Read More...]

GBPUSD 17-12-2014

GBP- Fundamental VS Technicals

Fundamentals The UK data was extremely encouraging for the UK economy especially, the average wage growth was astonishing. The average earnings index cam in at 1.4% while the forecast was at 1.3%. The claimant count change also fell sharply with the … [Read More...]

GBPUSD 15-12-2014

GBP/USD- Under sharp selling pressure

The GBP/USD pair has broken its upward trend line on a 30 minute time frame. The pair has also formed  an ascending triangle pattern which usually breaks in the direction of the trend i.e towards the upside. However, what we have is that the pair … [Read More...]

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CAC40- Under Selling pressure, Will you trade?

The CAC 40 index is trading below the downward trend line on a daily time frame. This shows that as long as the price is trading below this trend line, the trend remains towards the downside. The perfect definition of a down trend. The volatility for … [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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