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Indicator 24-08-2015

Daily Briefing- US Futures higher ahead of personal spending data

Daily BriefingCurrenciesEUR/USD: The pair is trading below its downward trend line on a 4 hour time frame. The next resistance is at 1.1557 and the support is at 1.1136. USD/JPY: The pair has pierced the Bollinger band on a 4 hour time frame. The next support is at 115.82 and resistance at 120.41 GBP/USD: The pair has pierced the Bollinger band on a 4 hour time frame. The resistance … [Read More...]

oil pumpjacks in silhouette at twilight

Special Oil Report ; After a Massive Surge, What Is Important?

If there is any derivative worth talking about today, it surely is oil price. What a stellar performance yesterday for both Crude and Brent and both of them are on track to to continue their gains this morning. It has been a very long time that we came across any headlines which says that crude oil is up 10 percent- really 10 percent!The first thought which comes to your mind after reading a … [Read More...]

Screen Shot 2015-08-26 at 22.08.13

GBP/USD – Extremely oversold and trend could change

The GBP/USD pair is trading below is downward trend line on a four hour time frame. The pair has also pierced the Bollinger band and it is trading away from its 20 day moving average. This shows that the volatility is extremely high. The piercing of the Bollinger band has only significant importance when this takes place at an important level of support or resistance. In this case, it has taken … [Read More...]

Today’s Technical Analysis

Screen Shot 2015-08-26 at 22.08.13

GBP/USD – Extremely oversold and trend could change

The GBP/USD pair is trading below is downward trend line on a four hour time frame. The pair has also pierced the Bollinger band and it is trading away from its 20 day moving average. This shows that the volatility is extremely high. The piercing of … [Read More...]

DAX30 26-08-2015

DAX30 Pointing for more correction

The DAX30 index has broken its downward channel pattern on a 4 hour time frame. The projection of this pattern could easily push the price towards the minor support zone which is mentioned below. Although, the price was very close to touch that level … [Read More...]

Russell 25-08-2015

Russell2000- Bounced sharply back up, but could be dead cat bounce

The Russell200 has broken its downward wedge pattern on a 4 hour time frame. Yesterday sell off has triggered extreme reading for most of the major indices across the board. The price pierced the Bollinger band sharply towards the downside but … [Read More...]

EURUSD 24-08-2015

EUR/USD- Caution is the word as the upward trend continue

The EUR/USD is exploding towards the upside on a 4 hour time frame. The price has pierced the Bollinger band and it is trading well away from it 20 day moving average. The piercing of the Bollinger band does have substantial importance when this … [Read More...]

Gold 21-08-2015

Gold- Fundamental vs Technical Analysis

Fundamental AnalysisThe tide has not turned for gold at all and we do not see this trend going for long unless the situation becomes completely out of control in China. In the meanwhile, the resistance of 1160 could trigger profit taking that … [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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