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Trend 27-01-2014

Daily Briefing- European markets higher recovering thier losses

Daily BriefingCurrenciesEUR/USD: The pair has formed an ascending triangle pattern on a 30 minute time frame. The next resistance is at 1.15 and the support is at 1.10. USD/JPY: The pair is moving in a side way pattern on a 30 minute time frame. The next support is at 115.73 and resistance at 118.83. GBP/USD: The pair is trading below its downward trend line on a 30 minute time … [Read More...]

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FOMC and falling Oil setting tone| Facebook in focus

European futures are trading lower indicating that the markets will open much lower and will continue their selling trend. Falling oil prices and the FOMC statement has lay down the red carpets for selling .If the Federal reserve bank in the US thought that keeping short and sweet would keep the market calm, obviously they were on the wrong side of the market yesterday. However, it has … [Read More...]

USDJPY 30-01-2015

USD/JPY- Trading in a downward wedge pattern, will you trade?

The USD/JPY pair is trading in wedge pattern on 60 minute time frame. The price is trading below the 50day (shown in yellow) and the 100 day (shown in red) moving average and as long as the price is trading below these trading averages, the bias remains towards the downside. An aggressive investor could certainly look for an opportunity to add a short position every time the price is touching the … [Read More...]

Today’s Technical Analysis

USDJPY 30-01-2015

USD/JPY- Trading in a downward wedge pattern, will you trade?

The USD/JPY pair is trading in wedge pattern on 60 minute time frame. The price is trading below the 50day (shown in yellow) and the 100 day (shown in red) moving average and as long as the price is trading below these trading averages, the bias … [Read More...]

Screen Shot 2015-01-29 at 14.06.12

EUR/GBP- Breaking out of a triangle pattern- upside on cards?

The EUR/ GBP pair is trading below the downward trend line on a 60 minute time frame.  This confirms that the trend is towards the downside and the price has long way to go before it can challenge this trend line. The pair has also formed a … [Read More...]

Screen Shot 2015-01-28 at 11.34.50

Crude- Another bearish pattern formed

Crude oil has formed another bearish pattern on a 60 minute time frame. The price has formed a descending triangle and they usually break towards the downside and if we do the price projection of this triangle, we could see the price moving towards … [Read More...]

EURGBP 26-01-2015

EUR/GBP- Bounced from its support

The EUR/GBP has bounced from its support zone which is driven from the weekly time time frame. The price is still trading below the downward trend line on a 30 minute time frame and this means that the trend is towards the downside. The pair is … [Read More...]

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USD/JPY- Upward momentum is strong

The USD/JPY has broken it's down channel on a 4 time frame. The pair is still trading above its upwards trend line which means that bias remains towards the upside. The price has also formed a double a top however the momentum indicators are not … [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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