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Daily Briefing- US futures higher ahead of Consumer sentiment data

Daily BriefingCurrenciesEUR/USD: The pair is trading in a downward channel on a 4 hour time frame. The next resistance is at 1.1216 and the support is at 1.086. USD/JPY: The pair has formed a symmetrical triangle pattern on a 4 hour time frame. The next support is at 119.78 and resistance at 125.85. GBP/USD: The pair is trading in a symmetrical triangle pattern on a 4 hour time … [Read More...]

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Greek stock market set to open | Volatility rules this week | China prints another dissapointing data

August is set to start with one of the most volatile week with plenty of economic data which will explode fireworks. Although, this month is usually considered as low volatility month because most of the traders are enjoying the last leg of their summer holiday, but this week is certainly not one of them. The Chinese stock market weakness has become the major concern for traders over … [Read More...]

AUDUSD 03-08-2015

AUD/USD- Selling pressure continues

The AUD/USD pair is trading in a side way pattern on a 60 minute time frame. The price is trading within the Bollinger band and close enough to its 20 day moving average which shows that the volatility for the pair is low. The pair is also trading below its downward trend line.The RSI is trading inline with the price action which means that while the price is making the lower low, the RSI is … [Read More...]

Today’s Technical Analysis

AUDUSD 03-08-2015

AUD/USD- Selling pressure continues

The AUD/USD pair is trading in a side way pattern on a 60 minute time frame. The price is trading within the Bollinger band and close enough to its 20 day moving average which shows that the volatility for the pair is low. The pair is also trading … [Read More...]

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GBP/USD- Consolidating in a side way pattern

The GBP/USD pair is trading above its upward trend line on a four hour time frame. The price is mostly trading in a side pattern but still above its upward trend line. We have also formed a small symmetrical triangle pattern and these patterns are … [Read More...]

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Yahoo announced Live Txt – not game changer

Fundamental Analysis These days it is all about finding the niche in the market and cashing that idea and this will be the biggest challenge for Yahoo's new invention. The real value these days is in the phone arena and Yahoo certainly … [Read More...]

EURUSD 29-07-2015

EUR/USD- Selling pressure building up

The EUR/USD is trading in a downward channel on a 4 hour time frame. The price has touched three times the upper line of this downward trend line. The volatility for the pair is low as it is trading within the Bollinger band and it is also close … [Read More...]

FTSE 100 28-07-2015

FTSE 100 under selling pressure

The FTSE 100 index is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside. Further confirmation of this comes from the 50 and 100 day moving averages (shown in yellow and red … [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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