Page 5 of 255 FirstFirst ... 345671555105 ... LastLast
Results 41 to 50 of 2549
  1. #41
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    Jan. 29: Asian session

    Asian markets rallied on Wednesday after Turkey raised the benchmark interest rate from 7.75% to 12%, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite generally. MSCIís broadest index of Asia-Pacific shares outside Japan rose by 1.2% after three sessions of falls.

    Nikkei rose by 2.2%. USD/JPY recovered to 103.44. Commodity currencies strengthened on the Turkish rate hike. AUD/USD extends the recovery for a third day in a row. Aussie rose to $0.8830 before retracing in the late Asia. NZD/USD also remains supported, but was unable to overcome the $.8300 handle for now. Investors wait for the RBNZ meeting at 20:00 GMT (an hour after the FOMC announcement). There is a market expectation for a rate hike or at least for a rate hike promise by the RBNZ Governor Wheeler.

    EUR/USD is testing $1.3650 to the downside. GBP/USD is little changed in the $1.6575 area.

  2. #42
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    RBA won't cut rates

    The recent article in Wall Street Journal argues that the Reserve Bank of Australia wouldn’t cut interest from the record low of 2.5% on Feb. 4.

    Recent data showed Australia’s inflation cam at 0.8% in Q4 (forecast: 0.5%). For the full year, inflation ran at 2.7%, toward the top of the RBA’s 2%-3% target band. NAB business confidence showed that business conditions are at their best levels in close to 3 years. Housing construction and house prices also are responding to the low rates, and there’s compelling evidence that retail sales are growing quickly, says WSJ.

    Surely, not everything is well. Economic growth this year is still forecast to be below its long-term average of 3.0%. The biggest problem is the slowdown in the mining sector: falling commodity prices have forced mining companies to cancel investment plans, shut mines and lay off workers. Australian payrolls contracted in Dec.

    Still, even if the RBA’s still thinking about cutting the benchmark rate it wait for now and take time to plan its next move.

  3. #43
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    Commerzbank on AUD/USD

    Commerzbank says AUD/USD visit $0.8870 (20-day MA) before resuming decline.

    Analysts say that the pair has reached its interim target at $0.8710/.8671 (the base of the channel in 2011-2014 and the 38.2% retracement of the advance from 2001 to 2011) and is correcting higher.

    After visiting $0.8870 AUD/USD will continue its descent to the next target at $.8550 (50% retracement of the move from 2008) and then to $.8068 and $0.7950/25. The outlook for Aussie will remain negative as long as it’s trading below the resistance line at $0.8957.


  4. #44
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    NZD/USD: 2 meetings ahead

    NZD/USD was initially supported by the decision of the Turkish central bank to make an aggressive rate hike. However, the pair’s vulnerable to uncertainty ahead of the Fed’s decision (19:00 GMT) and the Reserve bank of New Zealand’s meeting (20:00 GMT).

    There’s some speculation about a possible rate hike in New Zealand. However, consensus is that the RNBZ will keep benchmark rate at 2.50%. Note though that the regulator’s governor Graeme Wheeler may hint on plans to begin the tightening cycle in March. We’ll examine the prospects of the FOMC announcement in a different article.

    Resistance is at $0.8295, $0.8345, $0.8400. Support is at $0.8245, $0.8215, $0.8178. As you may see from the chart the pair will soon have to move beyond either support or resistance.


  5. #45
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    ANZ: long-term bulls on USD/JPY

    According to ANZ strategists, USD/JPY remains in a long-term rising trend. However, a close above 103.65 would be required to provide some conviction that the uptrend with a next target of 106.50 might have resumed.

    "A resumption of the uptrend should allow for a push through the 105.50-106.50 area (retracement and downtrend) within a push towards the broader retracement level of 111.50 (50% of the range of the past 20 years)," ANZ projects.

  6. #46
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    USD/CAD: ahead of the new highs

    USD/CAD bulls made another go at multi-year highs above 1.1170, but then were pulled back to the 1.1140 area. The pair has been rising during the recent month on the divergence between more hawking stance of the Fed and the dovish inclinations of the Bank of Canada.

    If the Fed reduces QE, as expected, USD/CAD may reach the psychological mark of 1.1200. TD Securities says that intraday support in the 1.1115/20 area now and note that short-term, bullish trend momentum signals are picking up again and aligning with the still bullishly-oriented longer-term signals. The outlook will remain positive as long as the pair is above 1.1050. “The technical signals look to have the makings of another powerful leg higher in USD/CAD”, said the specialists.


  7. #47
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    BofA: USD index will rise

    The US dollar Index keeps consolidating in its 3-month 81.48/79.68 range, notes Bank of America Merrill Lynch.

    "Odds continue to favor an upside resolution to 82.55/82.15 but it could take some time to play out. This scenario is invalidated below 79.68," BofA projects.


  8. #48
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    Carney will discuss GBP currency union
    By Kira Iukhtenko, FX BAZOOKA analyst

    The BoE Governor Marc Carney will meet the Scottish First Minister Alex Salmond in Edinburgh today in order to discuss the challenges presented by a potential sterling currency union. Mr. Carney will hold a speech hold a speech today at 12:15 GMT at the Scottish Council for Development.

    The issue of Scotland's independance remains on the table - there are less than 9 months left before the September 18 referendum. The voters will be asked the yes/no question: "Should Scotland be an independent country?". There will be another important question to be answered if there is a "Yes" vote: will Scotland be alowed to keep using the pound?

    UK Government oficially questions whether such an arrangement will be possible. According to the Chancellor of the Exchequer George Osbourne, it is “unlikely” the rest of the UK would welcome such a currency union. The Edinburgh meeting comes a day after Mr. Salmond said Carney's predecessor as a BoE Governor Sir Mervin King told that the Treasury would adopt an "entirely different" approach to Scottish issues if there was a "Yes" vote in the referendum.

    Earlier this week Mr. Carney warned of the dangers of currency unions, referring to the euro zone's example. “It’s one of the factors that affects the outlook for the UK economy, has affected us over the last five years, affects us going forward – the challenges of having a currency union without certain institutional structures.”

  9. #49
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    FOMC's expected to cut QE

    The Federal Reserve’s decision will be announced today at 19:00 GMT. Many economists expect that the central bank will announce another reduction of its bond buying program by $10 billion to $65 billion a month. Nomura thinks that the problems at emerging markets won’t prevent the Fed from tapering, because the regulator will explain them by local developments.

    Some specialists say that such outcome is already priced in USD. On Jan. 21 a Wall Street Journal article by widely followed Fed watcher Jon Hilsenrath has predicted that. So, the key will be the central bank’s comments on US growth as the recent data was mixed. Barclays expects the Fed to upgrade its assessment of the economy citing the strengthening of activity data since Dec. Lloyds says that USD will be in “good shape.”

    Note though, that with the Fed there’s always place for surprise. In case of no QE reduction today, US will broadly fall, especially versus gold.

  10. #50
    Bronze Member Array Elizabeth FBS's Avatar
    Join Date
    Dec 2013
    Posts
    77
    Thanks
    0
    Thanked 1 Time in 1 Post
    Feb. 3: Asian session

    - Asian shares declined

    - Lower liquidity, higher volatility

    Asian shares declined as strains in emerging markets show little sign of abating. Chinese official Purchasing Managersí Index (PMI) dipped from Decemberís 51 to 50.5 in January. MSCIís broadest index of Asia-Pacific shares outside Japan eased 0.3%. Japanese Nikkei again led the way with a loss of 1.5% and fell to November lows. Liquidity is lower than usual because of Chinese banks are closed due to the ongoing Lunar New Year holiday.

    USD/JPY recovered to 102.40. AUD/USD opened with a bullish gap at $0.8770, faced resistance a bit above this level and then weakened to $0.8750. Aussie has had quite a calm session despite a bunch of statistics from Australia and the downbeat China PMI. RBA is widely expected to leave rates unchanged on the tomorrowís meeting. NZD/USD strengthened to $0.8115. Kiwi is supported by expectations of an RBNZ rate hike in March.

    EUR/USD is little changed in the $1.3480 area near the 10-week low after its fall on Thursday and Friday. GBP/USD is consolidating above $1.6400.

Page 5 of 255 FirstFirst ... 345671555105 ... LastLast

Similar Threads

  1. [REQ]CISCO Futures: Auction Market Analysis - Home Study Short Course (Market Profile
    By fee888 in forum Forex Clips & Movie Tutorial Request
    Replies: 8
    Last Post: 05-21-2015, 11:12 AM
  2. Market Analysis - IMFutures
    By imfutures in forum Analisa Teknikal
    Replies: 3
    Last Post: 11-18-2013, 03:30 AM
  3. Market Analysis - IMFutures
    By imfutures in forum Analisa Fundamental
    Replies: 2
    Last Post: 10-28-2013, 04:31 AM
  4. My Trade Analysis
    By pasavento in forum Technical Analysis
    Replies: 14
    Last Post: 11-14-2011, 11:29 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •