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Daily Briefing- US futures lower ahead of consumer confidence data

Daily BriefingCurrenciesEUR/USD: The pair is trading above its uptrend line on a 30 minute time frame. The next resistance is at 1.1288 and the support is at 1.0963. USD/JPY: The pair has broken its wedge pattern towards the downside on a 30 minute time frame. The next support is at 121.67 and resistance at 125.85. GBP/USD: The pair is trading below its 50 day but above its 100 day … [Read More...]

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Greece to miss IMF payment | Euro and Equity market out of whack

European markets will once again keep their focus towards the Greek saga, which is at its boiling point. If there is anything good going to come out of this useless, deadlock negotiation attempts, we are not very optimistic about this, as the odds are still not stacking up on . But, surely Greek public deserves a lot better leader who knows how to negotiate a deal which is in favour of his … [Read More...]

USDJPY 30-06-2015

USD/JPY broken its downward wedge, will you trade?

The USD/JPY is trading below its downward trend line on a 4 hour time frame. The price has broken its its downward wedge pattern and the projection of this pattern could the price well below the major support zone which is mentioned below. The pair is also trading below its 50 day shown in yellow colour and the 100 day shown in red colour moving averages and this confirms that the bears are in … [Read More...]

Today’s Technical Analysis

USDJPY 30-06-2015

USD/JPY broken its downward wedge, will you trade?

The USD/JPY is trading below its downward trend line on a 4 hour time frame. The price has broken its its downward wedge pattern and the projection of this pattern could the price well below the major support zone which is mentioned below. The pair … [Read More...]

EURUSD 29-06-2015

Euro sell off fading quickly

The EUR/USD pair is under tremendous pressure on a minute time frame. The price has pierced the Bollinger band at an important level of support zone which is mentioned below. The piercing of the Bollinger band only has importance when this takes … [Read More...]

Gold 26-06-2015

Gold- Fundamental & Technical Analysis

The shining metal is gaining its shine back and in the process of obliterating its biggest weekly decline since March. Thanks to Greece uncertainty, which is throwing a lifeline for the safe haven. Capital control is inevitable if the ECB pulls the … [Read More...]

USDJPY 25-06-2015

USD/JPY- Formed a wedge pattern

The USD/JPY pair has formed a wedge pattern on a 4 hour time frame. The projection of this pattern will push the price towards its major support zone which is mentioned below. The price is also trading below its 100 day moving average, but above its … [Read More...]

GBPUSD 24-06-2015

Forex technical analysis- GBP/USD

GBP/USD- UPWARD MOMENTUM PICKING UPThe GBP/USD pair is challenging its downward trend line on a 4 hour time frame and this represents that the lost upward momentum could be picking up. The trend remains towards the upside as the price is trading … [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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