The Latest From:

Trends  15-04-2014

Daily Briefing- US futures trading sharply lower after a brief rally yesterday

CurrenciesEUR/USD: The pair is trading in a support zone (1.3713-1.3781) on a 60 minute time frame. The next support is at 1.3747 and the next resistance is at 1.3875. USD/JPY: The pair has bounced from its support zone (101.43-101.20) on a 60 minute time frame. The support is at 101.43 and resistance at 103.04. GBP/USD: The pair is trading below the downward trend line on a 60 minute … [Read More...]

IMG_0469

European markets are fragile ahead of German Zew data

European markets are trading mixed this morning as traders are concerned about the lingering tensions over in Ukraine and fragile credit situation in China. The FTSE MIB is the weakest index during the trading session and it is trading lower by nearly 0.61%. The DAX index is the second worst index and it is trading lower with the loss of 0.21%. The CAC 40 is the only index which is trading higher … [Read More...]

EURUSD 15-04-2014

EUR/USD- Dropped 87 pips from our Identified Level, What now?

 The EUR/USD fell from its resistance zone of (1.390-1.3922) on a 60 minute time frame as predicted. The resistance zone was given in our analysis on the 11th of April. The price is trading in a support zone and we also have the piercing of the Bollinger band. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or … [Read More...]

Today’s Technical Analysis

EURUSD 15-04-2014

EUR/USD- Dropped 87 pips from our Identified Level, What now?

 The EUR/USD fell from its resistance zone of (1.390-1.3922) on a 60 minute time frame as predicted. The resistance zone was given in our analysis on the 11th of April. The price is trading in a support zone and we also have the piercing of … [Read More...]

EURUSD 11-04-2014

EUR/USD- In a resistance zone, will you trade?

The EUR/USD is trading in a resistance zone on a 60 minute time frame. The price is trading within the Bollinger band which represents that the volatility for the pair is low. The price is trading above the upward trend line which means that the … [Read More...]

GBPUSD 10-04-2014

GBP/USD- Upward move could pause

The GBP/USD is trading in a resistance zone on a 60 minute time frame. This resistance zone was given in our analysis 8th of April. The price is still trading above the 50day (shown in green) and 100(shown in yellow) moving average which represents … [Read More...]

Copper 09-04-2014

Copper- Fundamental Vs Technical

Fundamental OutlookBulls have their confidence renewed after the IMF has upgraded its outlook for the biggest economy of the world which is a positive sign for copper. There is no doubt that recently we have started facing positive news for the … [Read More...]

GBPUSD 08-04-2014

GBP/USD- In a resistance zone , will you trade?

The GBP/USD is trading in a resistance zone on a 60 minute time frame. The pair has pierced the Bollinger band at this level, which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance … [Read More...]

Weekly Forecast

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

 

empire state 19-03

Week Ahead: Fundamentals U.S – 17th – 23rd of March

U.S will kick off their trading week with a major economic event  release on Monday which is the empire state manufacturing index data. On Tuesday, we have building permits and core CPI data. Wednesday, we have the FOMC statement and we will get more clear idea if the Fed is bullish on the economy.  Finally,  Thursday, is the busiest day of the week  with unemployment claims, existing home sales and Philly Fed manufacturing index data in focus.

 

Monday Fundamentals:

1.       Empire State Manufacturing Index

Data:

Previous Figure: 4.5

Forecast Figure: 6.6

Time: 13:30 GMT

Sentiment:

The decline in Feburary new orders should have a positive impact on the March Empire and Philadelphia index.

empire state 19-03

Source: Bloomberg & Bloomberg Brief

Tuesday Fundamentals:

1.       Building Permits

Data:

Previous Figure: 0.95M

Forecast Figure: 0.97M

Time: 13:30 GMT

 

2.       Core CPI m/m

Data:

Previous Figure: 0.1%

Forecast Figure: 0.1%

Time: 13:30 GMT

Sentiment:

We may continue see the inflation depressed as the bigger manufacturers are competing for a better price so that they can move more volume. The chart below shows the comparison between the CPI and core CPI.

core CPI 19-03

Source: Bloomberg & Bloomberg Brief

 

 

Wednesday Fundamentals:

1.       FOMC Economic Projections

Data:

Previous Figure: NA

Forecast Figure:  NA

Time: 19:30 GMT

 

Thursday Fundamentals:

1.       Unemployment Claims

Data:

Previous Figure: 315K

Forecast Figure: 327K

Time: 13:30 GMT

 

2.       Existing Home Sales

Data:

Previous Figure: 4.62M

Forecast Figure: 4.65M

Time: 15:00 GMT

Sentiment:

According to the Bloomberg survey of economists existing home sales may tick up slightly to 4.64M. Distress home sales and cash purchase is representing that there is still inventory of houses from the housing bubble

existing home sales 19-03

Source: Bloomberg & Bloomberg Brief

 

1.       Philly Fed Manufacturing Index

Data:

Previous Figure: -6.3

Forecast Figure:  4.2

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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