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  • #16
    Forex News from New Forex: World markets decline after the news from Doha

    In the trading on Monday, April 18, European shares fall amidst decreasing oil prices. World markets try to evaluate results of the OPEC meeting in Doha. The target of the meeting was to freeze oil prices at the current level, OPEC members and also non-OPEC members could not agree about this question. One of the OPEC leaders Saudi Arabia did not support the proposal to freeze prices unless Iran supports it. However, Iran which was not represented in the meeting has always said that it is not going to freeze prices as it intends to reach its presanction level of the market share.

    WTI with the delivery in May is seen at $39.05 (-3.25%) a barrel now, Brent with the delivery in June trades at $41.96 (-2.65%).

    The pan-European index STOXX 600 slid 0.18%. Main Eurozone indexes are falling, the UK’s FTSE tumbled 0.16%, the German DAX shed 0.20%, the French CAC 40 edged down to 0.30%. Asian markets have sharply declined after the news from Doha. The Japanese index Nikkei lost 3%, the Chinese Shanghai Composite dropped by 1.43%, Hong Kong index Hang Seng slipped to 0.73%.



    NewForex Analyst

    Luigi Campo

    Comment


    • #17
      Forex News from New Forex: The US dollar declines after low data

      The greenback loses ground against main currencies on Tuesday. Weak data on the housing sector puts pressure on the US currency. The number of building permits dropped from 1.177 mln. units in February to 1.086 mln. units in March. Housing starts slid 8.8% in March from 1.178 million units in February to 1.089 million units last month.

      The pair pound/dollar shed 0.79% to 1.4386, dollar/Swiss franc tumbled 0.25% to 0.9611.

      The U.S. sovereign bond prices decrease as investors prefer riskier assets now. The profit of Goldman Sachs Group was published on Monday, it has been declining for the fourth month in a row as the market volatility hit bond trading and investment bank business.



      NewForex Analyst

      Luigi Campo

      Forex News from New Forex: Oil prices recover

      On Tuesday, April 19, oil prices are recovering, a strike of oil workers in Kuwait has considerably decreased the level of oil production and put aside the issue of oil freezing. WTI with the delivery in May advanced 1.36%, Brent added 1.65%. European shares increase amidst positive price dynamics. The pan-European index STOXX 600 climbed 1.2%. The UK’s FTSE gained 0.46%, the German DAX picked up 2.17%, the French CAC 40 jumped 1.12%.

      The US dollar fell to 1.2740 against the loonie. The Aussie rose 0.57% to 0.779, the New Zealand dollar gained 1.08% to 0.7023. The euro surged 0.18% against the greenback. The single currency gained support after the release of upbeat data from Germany. The economic sentiment index climbed to 11.2 in April. The yen dropped against the dollar and the euro by 0.54% and 0.76%, correspondingly. The Japanese Finance Minister Taro Aso stated that the government is ready to take measures against the excessive currency movement.

      The dollar index tumbled 0.13% to 94.33 at the moment.



      NewForex Analyst

      Luigi Campo

      Comment


      • #18
        Forex News from New Forex: The pound sterling at risk after the release of employment data

        On Wednesday, April 20, the pound sterling edges down against the US dollar after the release of employment data. The pair pound/dollar is at 1.4377 (-0.10%). The immediate level of support is seen at 1.4284 (a low of April 19), the level of resistance is at 1.4428 (a high of March 31). The British currency slumped to 0.23% versus the euro to 0.7907. The unemployment level in the UK is at 5.1% as expected. However, the claimant count increased by 6700 in February, while in January a decrease by 9300 applications was registered. This rise is the first since August 2015. The average earnings index with bonuses gained 1.8% from December to February which is below the forecast at 2.3%. European markets trade in mixed ways today, low oil prices trim growth of indexes. The pan-European STOXX 600 slid 0.12%. The UK’s FTSE lost 0.29%, the German DAX picked up 0.10%, the French CAC 40 climbed 0.13%.



        NewForex Analyst

        Michael Butnitsky

        Forex News from New Forex: Commodity currencies slump following oil prices

        The Australian and the New Zealand dollar lose ground against the greenback as oil prices tumble again after the ending of a three-day strike of oil workers in Kuwait which led to a rapid fall of oil production in Middle East countries. The pair AUD/USD slid 0.26% to 0.7791. On Tuesday, April 19, the Aussie hit a high since June 20 2015 at $0.7827, risk appetite of investors grew after yesterday’s confident rise of oil prices. The possibility of the Aussie’s uptrend depends on two key factors: oil prices and the position of the US dollar. The currency pair kiwi/dollar shed 0.56% to 0.6997 after reaching a ten-month high at 0.7055. The Canadian dollar declines like other commodity currencies. After hitting C$1.2630 for the US dollar, a nine-month high, the loonie slipped to 0.33%. Currently WTI lost 2.8% to $39.93 a barrel, Brent oil dropped by 2.32% to $43.03. The dollar index stands at 94.07.



        NewForex Analyst

        Michael Butnitsky

        Comment


        • #19
          Forex News from New Forex: The greenback falls against the main currencies

          The US dollar tumbles against the main currencies after the release of mixed economic data from the USA. The number of people applying for jobless benefits decreased by 6000 last week to 247 000. The number of citizens who already get benefits hit a 15-year low. Low unemployment level is an indicator of a healthy economy. According to different surveys, the labour market in the US will continue to improve. The manufacturing index has somehow overshadowed positive data falling to −1.6 in April.

          The pair euro/dollar advanced 0.66% to 1.137. The European Central Bank decided to keep the interest rate unchanged at −0.4%, it keeps the monthly quantitative easing program on the same level. The ECB Governor Mario Draghi said that the bank is ready to broaden efforts in stimulating the economy if perspectives for the Eurozone worsen.

          The greenback slipped to 0.62% versus the Swiss franc, pound/dollar gained 0.66% to 1.4425. Commodity currencies rise due to the increase of oil prices. The Australian dollar surged 0.38% against the buck, the loonie climbed 0.06%.

          The dollar index edged down to 0.58% to 94.00.



          NewForex Analyst

          Sara Rosenstein

          Forex News from New Forex: The euro in the expectation of the ECB meeting

          In the trading on Thursday, April 21, the euro trades without significant changes against the dollar and the yen, traders are in the anticipation of the European Central Bank meeting over the interest rate. It is expected that the interest rate will be kept on the same level −0.4%. Today’s meeting is important in the light of the recent criticism of the bank in political circles. The prime-minister of Germany claimed that the negative rate hurt savers of small bank accounts and triggered the rise of eurosceptics.

          The pair euro/dollar trades at 1.1301 (+0.05%), euro/yen stands at 124.01 (-0.04%). Euro/pound slipped to 0.14% to 0.7868. According to the latest data, retail sales decreased in the UK in March. Meanwhile, government borrowings increased outstripping forecasts. Weak data indicate the slowdown of the economic growth in the first quarter.

          European indexes trade in the red zone today. The pan-European index STOXX 600 shed 0.5%, the German DAX lost 0.20%, the UK’s FTSE edged down to 0.59%, the French CAC 40 slid 0.55%.

          The dollar index is seen at 94.55.



          NewForex Analyst

          Sara Rosenstein

          Comment


          • #20
            Forex News from New Forex: The US dollar rises against the euro and the yen

            In the trading on Friday, April 22, the greenback hit a week high against the main currencies amidst the release of weak data from Eurozone and the rise of oil prices. The PMI Composite index, which measures the production of the manufacturing sector and the service sector, declined from 53.1 in March to 53.0 in April. The manufacturing PMI in Germany increased from 50.7 in March to 51.9 this month. Meanwhile, a decrease from 49.6 in March to 48.3 this month is observed in France.

            The currency pair euro/dollar tumbled 0.13% to 1.1271. The pair dollar/yen advanced 1.08% to 110.61. The yen remains under pressure due to the possible extension of monetary easing measures. The Bank of Japan considers the possibility of helping banks via the introduction of negative interest rates for lending programs.

            The US dollar gained 0.08% to 0.9756 against the Swiss franc. However, the buck shed 0.45% versus the pound sterling. The Australian dollar surged 0.05% against its US counterpart. The kiwi slipped to 0.35% to 0.6886.

            The dollar index rose 0.17% to 94.78.



            NewForex Analyst

            Sara Rosenstein

            Comment


            • #21
              Forex News from New Forex: The greenback declines against the yen and the pound

              In the trading on Monday, April 25, the US dollar loses ground after a 3-week high against the yen. The pair dollar/yen stands at 111.21 (-0.51%). Meanwhile, on Friday the yen shed 2.1% after the news about the possible extension of the negative interest rate by the Bank of Japan. Most market players consider that the central bank will cut forecasts for the growth and inflation due to the strong yen and the earthquake in April which pose a threat to economic perspectives of Japan.

              The euro advanced 0.19% against the dollar to 1.125, the pound sterling surged 0.33% to 1.4447. The British currency jumped after the appeal of the US president Barack Obama to vote for keeping the UK in Eurozone. Dollar/franc slid 0.36% to 0.9744.

              The dollar index slipped to 0.26% to 94.86.



              NewForex Analyst

              Joseph Schwartz

              Comment


              • #22
                Forex News from New Forex: Oil Prices are on the Rise
                Tuesday, April 26, oil futures rose during morning trade. However, the increase is counterweighted by tightening of struggle for share of the market between Iran and Saudi Arabia. It seems that Saudi Arabia is going to significately increase the oil production, since the agreement wasnt reached at the meeting in Doha, April 17. Recent increase is also defined by investments in oil futures.

                Down-turn of dollar is yet another factor of the increase of the oil prices. Commodities, which prices are set in USD are actively are in high demand to other currency holders.



                NewForex Analyst
                David Fineberg

                Forex News from New Forex: US Dollar Weakened towards Basic Currencies
                April 26, During tuesday trade dollar weakened against basic currenies. Investors are waiting for the results of USA economic reports. USD is under moderate pressure since monday. Today it weakened even more against the release of disappointing statistics on durable goods orders in USA.
                USD is weakening even more as market players are waiting for the results of the tommorow Federal Reserve System meeting. They hope that the results will clarify the dynamics and terms of the future rate increase. NewForex analytics believe that regulator will keep the base rate at the level of 0,25-0,5% under current conditions



                NewForex Analyst
                David Fineberg

                Comment


                • #23
                  Forex News from New Forex: Gold Prices are on the Rise

                  On April 27 gold prices showed sizable growth on the ground of the anticipation of the Federal Reserve Sytem political meeting results. Under current condition the regulator most likely will keep the basic rate of 0,25-0,5%. However, traders hope that the results of the meeting will clear the dynamic and terms of the future rate increase.



                  NewForex Analyst

                  David Fineberg

                  Forex News from New Forex: Pound Decelerates Against US Dollar

                  On April 27 pound sterling decelerated against US dollar. The major reason for it was poor report data on British economical growth of the first quarter of this year. There is progress only in service sector. Economical segments of the most importance such as industry, construction and agricultural sectors shows the lack of growth. There is no doubt that the probability of Brexit cause serious pressure on the economy of the country, which sebsequently slows down the growth of the pound.



                  NewForex Analyst

                  David Fineberg

                  Comment


                  • #24
                    Forex News from New Forex: Kiwi is Gaining Traction

                    On Thursday, April 28, New Zealand dollar spiralled against USD as the result of the RBNZ decision to keep the key interest at the rate of 2,25%. However, RBNZ stated that all the measures of moderation for the monetary policy may be extended to provide moderate level of the inflation. This caused increase in the rate of NZD/USD pair and downward change in the index of US dollar.



                    NewForex Analyst

                    Michael Butnitsky

                    Forex News from New Forex: Yen advances in price after the conference of the Bank of Japan

                    On Thursday the Japanese yen showed significate growth affected by the decesion of the Bank of Japan not to alterate credit-and-monetary policy. Deposit rate remains at the level of −0,1%, and the annual rate of stakes buy program stays 80 trn.
                    Economical situation of Japan doesn’t look very goog. However, it’s worth to notice that the scale of industry in March increased from expected 2,9% to 3,6%.
                    In March сonsumer prices and house management expenses lowered at the quickest rate for the 3-year period.



                    NewForex Analyst
                    Michael Butnitsky

                    Comment


                    • #25
                      Forex News from New Forex: The currency pair EUR/USD fell after the data from Eurostat

                      In the trading on Friday , April 29, the euro falls against the US dollar. Today were published the main data of Eurostat
                      The euro zone consumer price inflation fell by 0.2% in April. This is more than expected.
                      Meanwhile the euro rose against the british pound.



                      NewForex Analyst
                      Luigi Campo

                      Forex News from New Forex: The pound loses gains against the dollar and the euro

                      In the trading on Friday the pound dropped against the U.S. dollar and the euro. Today, the market participants received data from U.K. economic reports. Official data on economic statistics of the UK showed that U.K. net lending to individuals rose in March. Market sentiment on the U.S. dollar remained vulnerable.



                      NewForex Analyst
                      Luigi Campo

                      Comment


                      • #26
                        Forex News from New Forex: The Japanese yen fell against the main currencies

                        In the trading on Wednesday, May 4th, the Japanese yen fell against the main currencies. The dollar is growing after the new statements by representatives of the US Federal reserve about a possible increase in interest rates this summer.
                        According to NewForex analyst A.Kaufmann, the increase of interest rate will not happen before autumn of this year.
                        On the background of this information, the dollar started to rise after the recent decisions of the Bank of Japan and Federal reserve system of the USA.
                        On Wednesday the yen showed negative dynamics against its major rivals. Traders are waiting for the employment data from the USA.



                        NewForex Analyst
                        Aaron Kaufmann

                        Forex News from New Forex: Gold prices are falling

                        In the trading on Wednesday, May 4th, gold prices are falling. This is because investors are in the expectation of the employment data from the USA. Also, the prices of gold affected by the strengthening of the US dollar.
                        Newforex analyst Luigi Campo claims that weak economic data from the USA added concerns about the state of the US economy.
                        The greenback is under pressure due to the possible delay of the interest rate increase by the Fed. But the dollar began to rise after the new representatives of the US Federal reserve about a possible increase in interest rates this summer.



                        NewForex Analyst
                        Luigi Campo

                        Comment


                        • #27
                          Forex News from New Forex: Oil and gold prices go up

                          In the morning Asian trading session on Thursday, May 5th, oil prices rise after the decrease of oil stockpiles in the US. Energy Information Administration reported about decline in production level of oil because of the oil glut.
                          Also In the trading today gold prices gained against the background of the U.S. employment weak data.
                          Weak data of the U.S. employment can negatively effect a possible interest rate increase by the Fed in June. The interest rate increase will ratchet upward dollar rate and depress a market on traded in dollars resources such as gold.



                          NewForex Analyst
                          Luigi Campo

                          Forex News from New Forex: The Aussie strengthen against the US dollar

                          In the trading on Thursday, May 5th, the Australian dollar display positive dynamics after publication of strong economic data from Australia. Australian Bureau of Statistics reported that volume of retail trade in the country increased in March by 0.4 percent in March. Australian Housing Industry Association reported that new homes sales rose 8.9 percent in March.
                          The dollar index, which indicates the position of the buck to the basket of six major currencies, is at 93.20 edging down to 0,08%.
                          According to the information given by NewForex analyst Luigi Campo, the growth rate of the Australian dollar will continue.
                          Further quotation price change of the Australian dollar will produce Friday’s RBA Statement on Monetary Policy.



                          NewForex Analyst
                          Joseph Schwartz

                          Comment


                          • #28
                            Forex News from New Forex: Market participants expects the publication of the economic data from the US

                            On Friday, May 6th, market participants expects the publication of the economic data from the US. In a few hours the US Department of Labor will publish the data about the number of new workers in non-agricultural sector and unemployment data in the United States.
                            In anticipation of these data, gold prices are rising. Weak data of the U.S. employment can negatively effect a possible interest rate increase by the Fed and the price of gold will continue to rise.
                            Also, on expectations of weak data on the labor market, the dollar against the yen and the Euro shows a negative trend.
                            NewForex analysts predict weak statistics and the further decline of the dollar.



                            NewForex Analyst
                            Sara Rosenstein

                            Forex News from New Forex: The Australian dollar loses ground after the publication of RBA data

                            In the trading on Friday, May 6th, the Australian dollar lost ground after the RBA Monetary Policy Statement. The Reserve Bank of Australia decided to decrease the interest rate by 25 basis points to a historic low of 1.75 percent indicating to a possible easing of economic measures. The RBA also cut it’s forecast for inflation, at the rate of salary increase and informed about the housing market cooling. This RBA decision caused by the data of low inflation.
                            According to NewForex analysts, the next decrease in rates will happen in August. It also will affect the Australian dollar.



                            NewForex Analyst
                            Michael Butnitsky

                            Comment


                            • #29
                              Forex News from New Forex:Market participants expects the publication of the RBNZ report

                              On Tuesday, May 10th, market participants expects the publication of the RBNZ report about financial solvency for six months. Reserve Bank of New Zealand will publish it today. This will followed by press conference of Governor of the Reserve Bank of New Zealand Graeme Wheeler. He will also make important statements about the effectiveness of the financial system. These events can have a significant value in the course of trading the NZD. Currently in New Zealand the inflation rate kept under 1-3%.



                              NewForex Analyst
                              Sara Rosenstein

                              Forex News from New Forex: Market participants expects the publication of the economic data from the U.K.

                              Market participants expects the publication of the important economic data from the Great Britain. On Wednesday, May 11th, the Office for National Statistics of the U.K.will publish the Manufacturing Production index.
                              The beginning of the year was good for the U.K. economy. Thus, NewForex analysts expects positive data for GBP.
                              Today’s data about the merchandise trade balance in the U.K. showed that in the first quarter of this year balance sheet deficit foreign trade of the U.K. with the EU rose to a record high. These data will become a new argument of those people who wants Britain out of the EU.



                              NewForex Analyst
                              Luigi Campo

                              Comment


                              • #30
                                Forex News from New Forex: Review of the Asian market

                                In the trading on Wednesday, May 11th, the kiwi advanced 0.50% against the US dollar to 0.6794. The head of the Reserve Bank of New Zealand claimed that further measures of prudential control to hold back a sharp rise of the housing market is only at the assessment stage at the moment.

                                The yen gained 0.6% to 108.65 for the greenback after losing more than 2% during the previous two trading sessions. The Japanese currency picked up 10% this year making the inflation target of the Bank of Japan more difficult to achieve. The Japanese Minister of Finance confirmed that the government is ready to interfere into the stabilization of the exchange rate if required.

                                The Australian dollar shed 0.24% versus the buck to 0.7347 which is close to a 2-month low at 0.7300.

                                Commodity rates remain under pressure due to the decrease of oil prices. The Canadian loonie shed 0.19% against its US counterpart.

                                The dollar index keeps sliding losing 0.14% to 94.09.



                                NewForex Analyst

                                Joseph Schwartz

                                Forex News from New Forex: The pound sterling declines after fresh economic data

                                The British currency reached an intraday low in the trading on Wednesday, May 11, as soon as the manufacturing data was released in the UK. The currency pair pound/dollar shed 0.08% to 1.4428. The pound sterling tumbled against the euro, the pair euro/pound stands at 0.7895 (-0.36%).

                                The manufacturing output decreased in the UK by 1.9% in March which is the largest fall in the last three years. The industrial output climbed 0.3% in March but is 0.2% lower year-on-year. According to the preliminary figures, the economic growth cooled down in the country to 0.4% in the first quarter.

                                European markets stay in the red zone today due to weak prices of black gold and low data in the bank sector. WTI is seen at $44.66, Brent oil trades at $45.85 per barrel. The pan-European index STOXX 600 lost 0.7%. The UK’s FTSE slid 0.21%, the German DAX edged down to 0.75%, the French main index CAC 40 slumped to 1.02%.



                                NewForex Analyst

                                Joseph Schwartz

                                Comment

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