NewForex — Forex news (daily)

Allow me to present to the distinguished community the Forex news by NewForex company. In this thread I will post daily news about the Forex market.

Forex News from New Forex: The US dollar gains ground against the yen

 

In the trading on Monday, March 28, the US dollar rises against the yen, investors are in the expectation of the economic news from the US. The pair dollar/yen advanced 0.42% to 113.59. The greenback climbed after the Friday report, the GDP of the country surged 1.4% in the fourth quarter, although economists forecast only a 1% rise. The interest rate hike seems highly possible next month which will make the US currency more attractive for investors.

 

The Australian and the New Zealand dollar added 0.36% and 0.33% against the buck. The dollar index is currently at 96.42, a high since March 16.

 

Asian markets moved in mixed ways today, the weak yen contributed to the rise of Japanese shares. The Nikkei picked up 0.77%, the Topix jumped 1.16%. Chinese markets closed with a decline, the Shanghai Composite tumbled 0.72%, the Shenzhen Composite shed 0.55%. The Chinese yuan is flat against the greenback at 6.5143.

 

http://www.newforex.com/assets/images/news//the_yen_28032016.jpg

 

NewForex Analyst

 

David Fineberg

Forex News from New Forex: The US dollar in wait for Jannet Yellen’s speech

 

In the trading on Tuesday, March 29, the US dollar moves in mixed ways against the main currencies, investors are in the expectation of subtle hints about the interest rate hike in the speech of the Fed’s chair Jannet Yellen.

 

The pair euro/dollar surged 0.17% to 1.1212. However, the greenback managed to advance 0.18% versus the yen. The easing of the yen is connected with the announcement of Japanese Prime Minister Shinzo Abe who plans to increase sales tax next month. Economists supposed that Abe would decide to put off the tax hike as it might slow down the recovery of the Japanese economy.

 

The Australian dollar edged down to 0.33% to 0.7520 against the US dollar, the kiwi picked up 0.48% to 0.6751.

 

Currently the dollar index slid 0.11% to 95.89.

 

http://www.newforex.com/assets/images/news//the_buck_29032016.jpg

 

NewForex Analyst

 

David Fineberg

Forex News from New Forex: The Aussie and the kiwi gain against the US dollar

 

On Wednesday, March 30, the Australian and the New Zealand dollar advance against the greenback after the speech of the Fed’s Chair Jannet Yellen. Forecasts of the nearest interest hike have considerably decreased. According to the Fed’s Сhair, cautious economic politics should be carried out in the nearest future due to possible external risks such as low oil prices and slowdown of the global growth.

 

The pair AUD/USD surged 0.49% to 0.7664. Kiwi/dollar added 1.18% to 0.6925, a high since December 29. The rise of the New Zealand dollar is due to the increase of building consents by 10.8% in February after a 7.8% fall in January.

 

The Canadian dollar climbed 0.35% versus the buck to 1.3023. Commodity currencies gained support amidst the rise of oil prices. Crude oil futures with the delivery in May jumped 1.83% to $38.98 a barrel.

 

The dollar index tumbled 0.24% to 94.94, a low since March 18.

 

http://www.newforex.com/assets/images/news//kiwi_30032016.jpg

 

NewForex Analyst

 

Michael Butnitsky

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

In the trading on Friday, April 1, the pound sterling slumps versus the greenback after the release of manufacturing data in the United Kingdom. The manufacturing PMI climbed from 50.8 in February to 51.0 last month, although most experts forecast the increase to 51.2. Gross domestic product of the UK jumped 0.6% in the fourth quarter of 2015. The UK’s economy edged down 2.1% year-on-year which is above the forecast at 1.9%.

 

The sentiment around the US currency is quite unsteady now due to the expectation of Friday payrolls and unemployment figures. On March 31 it was reported that the number of people applying for unemployment benefits rose by 11,000 last week to 276,000.

 

The pound sterling plummets against the single currency, the pair euro/pound surged 0.61% to 0.7968.

 

http://www.newforex.com/assets/images/news//the_pound_01042016.jpg

 

NewForex Analyst

 

David Fineberg

Forex News from New Forex: Fall of the producer price index in Eurozone

 

A fall of producer prices in Eurozone outstripped forecasts of market participants. In February the producer price index slumped 0.7%, in January the negative dynamics was seen as well but the decrease was only −1.1%. Year-on-year the index lost 4.2% in February. The unemployment level stands at 10.3% for the same period. Energy prices dropped 2.1% in February.

 

European markets demonstrate positive dynamics in spite of the uneasy market. The UK’s index FTSE surged 0.62%, the German DAX rose 0.99%, the French CAC 40 edged up 1.01%. The pan-European STOXX 600 climbed 0.7%.

 

The US market is likely to open with an uptrend being in the anticipation of the speech of the Fed’s members later today. Asian markets closed in mixed ways, Japanese shares slipped amidst the rise of the yen. The Bank of Japan decision to adopt a negative interest rate generated doubts as it does not guarantee a takeoff of the inflation. The Chinese Hang Seng slid 1.34%, the Shanghai Composite picked up 0.17%.

 

http://www.newforex.com/assets/images/news//Eurozone.jpg

 

NewForex Analyst

 

Sara Rosenstein

 

Forex News from New Forex: The Aussie and the kiwi lose ground against the US dollar

 

On Monday, April 4, the Australian and the New Zealand dollar tumble against the greenback. The release of positive data from the USA lent support to the buck.

 

At the moment the pair AUD/USD stands at 0.7618 shedding 0.67%. Information on building permits in February was released today, figures jumped 3.1% showing better results than expected. In January a 6.6% decline was seen. Retail sales in February kept the same level while a 0.4% rise was forecast.

 

The pair kiwi/dollar stands at 0.6868 edging down to 0.32%.

 

Meanwhile, the US dollar gains ground after the release of employment data. In March the US economy got 215 000 new working places. The unemployment level is at 5%, average hourly earnings advanced 7 cents.

 

The dollar index stands at 94.69 (+0.12%) which is close to a 5-month low.

 

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NewForex Analyst

 

Sara Rosenstein

Forex News from New Forex: The greenback rises against its main counterparts

 

The US dollar gains ground against the main currencies, the only exception is the yen as it picked up 0.80% to 110.45. The takeoff of the yen provoked a discussion among market participants regarding its further dynamics and how long the Japanese government is going to wait for the next weakening of the currency.

 

The euro slipped to 0.29% to 1.1356. The latest data shows that the service sector activity decreased in Eurozone. The PMI in the service sector edged down from 53.3 in February to 53.1 March.

 

The US dollar advanced 0.36% against the pound. Meanwhile, the PMI in the service sector climbed in the UK from 52.7 in February to 53.7 in March.

 

The Aussie and the kiwi slid 0.72% and 0.88% respectively. Today the Reserve Bank of Australia decided to leave the interest rate unchanged at 2% but gave a hint that it might be cut soon.

 

The dollar index rose 0.14% to 94.72 which is close to a 5-month low.

 

http://www.newforex.com/assets/images/news//US_dollar_05042016.jpg

 

NewForex Analyst

 

Sara Rosenstein

 

Forex News from New Forex: Oil keeps losing ground

 

Oil continues declining in the trading on Tuesday, April 5, hitting a 4-week low amidst the debates about freezing oil prices. On the ICE Futures Exchange in London Brent oil with the delivery in June dropped to an intraday low at $37.36 per barrel. On Monday oil futures shed 98 cents or 2.53%.

 

OPEC members and non-OPEC representatives agreed to meet in Qatar on April 17 to discuss freezing of oil prices. However, it is still unclear who exactly will come to this meeting.

 

Saudi Deputy Crown Prince Mohammed bin Salman claimed last week that the Kingdom is not going to rein in oil production if Iran and other important oil-producers don’t join this decision. Iran said that it is not going to freeze oil prices until its export reaches a pre-sanction level.

 

Crude oil in New York slid 20 cents or 0.55% to $35.50 per barrel. Last week US oil reserves increased by 3.3 mln. barrels.

 

http://www.newforex.com/assets/images/news//oil_05042016.jpg

 

NewForex Analyst

 

Sara Rosenstein

Forex News from New Forex: The US dollar advances against the Australian and the New Zealand dollar

 

The Australian and the New Zealand dollar decline against the US currency in the trading on Wednesday, April 6. The greenback rises after upbeat data on non-manufacturing PMI index, the figures climbed from 53.4 in February to 54.5 last month. The currency pair AUD/USD lost 0.08% and stands at 0.7538. However, the rise was capped by the extension of the trading deficit from $45.88 in January to $47.06 in February. Investors are in the expectation of the Fed’s report later today.

 

The pair kiwi/dollar shed 0.35% to 0.6779. The dollar index jumped 0.32% to 94.91.

 

The US dollar reached a 17-month low against the yen after the announcement of Japan’s Prime-Minister Shinzo Abe today, he claimed that the government does not plan to restrain the growth of the yen. Currently the pair dollar/yen rose 0.13% to 110.44. The yen hit a 2-week high versus the single currency, the pair euro/yen stands at 125.35 (-0.19%).

 

http://www.newforex.com/assets/images/news//dollar_06042016.jpg

 

NewForex Analyst

 

David Fineberg

 

Forex News from New Forex: Gold tumbles in the expectation of the Fed’s report

 

In European tradings on Wednesday, April 6, gold futures decrease in the anticipation of the Fed’s report later today. Market participants hope to see some hints of the interest rate increase this year. In March the words of the Fed’s Chair Jannet Yellen about cautious steps before the interest rate hike encouraged the growth of gold prices.

 

Gold with the delivery in June lost $2.40 or 0.2% to $1,227.20 a troy ounce on the Mercantile Exchange in New York. Yesterday positive dynamics was observed in the market, the yellow metal managed to surge $10.30 or 0,84%.

 

Gold spot shed 0,7% to $1,221.96 a troy ounce. Holdings in the largest EFT-fund New York-listed SPDR Gold Shares decreased by 0.28 tonnes to 815.44 tonnes yesterday.

 

In the trading in London silver futures with the delivery in May slipped to 3.1 cents or 0.21% to $15.08 a troy ounce.

 

http://www.newforex.com/assets/images/news//gold_06042016.jpg

 

NewForex Analyst

 

David Fineberg

Forex News from New Forex: Oil prices soar

 

On Thursday, April 7, oil prices rise after the decrease of oil stockpiles in the US for the first time in two months. Crude oil with the delivery in May hit an intraday high at $38.29 a barrel on the Mercantile Exchange in New York, a high since April 1. Yesterday black gold gained $1.86 or 5.18%. Oil inventories in the USA dropped by 4.9 mln. barrels to 529.9 mln. barrals.

 

On the ICE Futures Exchange in London Brent oil with the delivery in June picked up 8 cents or 0.2% to $39.92 a barrel. On Wednesday, April 6, Brent futures gained $1.97 or 5.2%.

 

Kuwait’s OPEC governor Nawal Al-Fuzaia stated that all signals indicate that the meeting of OPEC and non-OPEC members might lead to the agreement about the freezing of oil prices at the level of February. Earlier Saudi Arabia, Qatar, Russia and Venezuela suggested freezing prices at the level of January.

 

http://www.newforex.com/assets/images/news//oil_07042016.jpg

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: The dollar keeps losing against the yen

 

The US dollar trades in mixed ways against its counterparts on Thursday after the release of the Fed’s reports. The pair dollar/yen shed 1.31% to 108.32 hitting a 17-month low. According to the report of the Federal Reserve, the central bank will not increase the interest rate until June due to worries over the slowdown of the global economic growth.

 

The euro/dollar stands at 1.1384 (-0,11%). On April 7 the vice-president of the European Central Bank stated that Eurozone authorities intend to do everything possible to stabilize prices. European markets show negative dynamics before the release of the ECB’s report. The pan-European STOXX 600 shed 0.4%. The UK’s FTSE picked up 0.02%, the German DAX slid 0.16%, the French CAC 40 slipped to 0.24%.

 

The greenback advances 0.33% against the pound sterling to 1.4069, dollar/franc stands flat at 0.9558. The Australian and the New Zealand dollar edged down to 0.62% and 0.23% respectively. The buck surged 0.15% to 1.3102 versus the loonie.

 

Currently the dollar index slipped to 0.06% to 94.44.

 

http://www.newforex.com/assets/images/news//dollar_07042016.jpg

 

NewForex Analyst

 

Luigi Campo

Forex News from New Forex: The pound sterling gains against the greenback and the euro

 

On Friday, April 8, the growth of the pound sterling was capped after the release of negative economic data in the United Kingdom. The pair pound/sterling advanced 0.19% to 1.4077. The immediate level of support is seen at 1.4004 (a low of April 6), the level of resistance is seen at 1.4280 (a high of April 5).

 

Manufacturing production slipped to 1.1% in February. Year-on-year the fall is 1.8% for the same period. Industrial production edged down to 0.3% in February instead of the expected 0.1% increase. Trading deficit of the UK slid from £12.16 billion in January to £11.96 billion in February.

 

The pound sterling surged 0.16% against the euro to 0.808.

 

http://www.newforex.com/assets/images/news//pound_08042016.jpg

 

NewForex Analyst

 

David Fineberg

Forex News from New Forex: Asian markets managed to advance by the end of trading

In the trading on Monday, April 11, Asian markets pared some of their losses, although the Japanese yen keeps bringing pressure on shares. The Nikkei 225 surged 1.3% by the end of tradings, another leading Asian index Hang Seng fluctuated between positive and negative magnitudes closing finally with a 0.35% gain. The Shanghai Сomposite edged up 1.66%, the Shenzhen Сomposite managed to add 2%.

 

Information on consumer inflation in China was released today. The consumer price index rose 2.3% in March, a 2.5% increase was expected. Consumer inflation slid 0.4%. The producer price index slipped to 4.3%, the decline has been observed for 49 months in a row.

 

The Australian index ASX 200 shed 0.12%.

 

In the currency market the Japanese yen keeps rising against the US dollar. The strong yen has a negative influence on exporters as it reduces their profit in local currencies. The rise of the yen encourages an active discussion concerning a possible intervention of Japanese authorities into the market.

 

http://www.newforex.com/assets/images/news//Asia_11042016.jpg

 

NewForex Analyst

 

Michael Butnitsky

Forex News from New Forex: The pound gains after the release of economic news

 

The pound sterling advanced to a week high against the greenback on April 12. The release of positive inflation data lent support to the British currency. The US dollar is under pressure as the interest rate might be kept at the current level for the whole year. A low interest rate makes the buck less attractive for investors. The pair pound/dollar climbed 0.44% to 1.4302 (a high of April 4). The immediate level of support is seen at 1.4107 (a low of April 11), the level of resistance stands at 1.4378 (a high of April 1). Consumer price inflation increased in the UK from 0.3% in February to 0.5% in March. Consumer prices gained 0.4% for the same period after a 0.2% decline in February. The core CPI added 1.5% in March. The house price index climbed 7.6% which is below an 8.1% forecast. The pound sterling picked up 0.31% against the single currency, currently the pair trades at 0.7982.

 

NewForex Analyst

 

Michael Butnitsky

 

Forex News from New Forex: The yen tumbles against the dollar and the euro

 

On Tuesday, April 12, the Japanese yen loses ground, most investors are in the anticipation of the decision of the Bank of Japan. Currently the currency pair dollar/yen stands at 108.33 (+0.34%). Euro/yen shows positive dynamics as well hitting 123.66 (+0.45%). A relative easing of the yen strengthened stocks of leading Japanese exporters. Shares of Toyota surged 3.30%, Nissan climbed 2.66%, shares of Honda picked up 3.31%. The weak yen is attractive for exporters as it increases an international profit of companies. The Chinese yuan shed 0.13% versus the greenback on Tuesday. Before the opening of tradings the People’s Bank of China set a mid-point for the yuan at 6.4616, on Monday it was higher — 6.4649. Asian markets traded in mixed ways today. The Japanese index Nikkei 225 advanced 1.24%, Hong Kong’s Hang Seng added 0.24%. However, Chinese markets demonstrate downward dynamics, the Shanghai Сomposite slid 0.65%, the Shenzhen Сomposite tumbled 1.4%.

 

NewForex Analyst

 

Michael Butnitsky

Forex News from New Forex: The review of Asian markets

 

On Wednesday, April 13, Asian markets closed with a rise. Among the main factors contributing to the uptrend are the increase of oil prices and the ascend of export volumes in China last month. The Australian index ASX 200 advanced 1.4% amidst the growth of energy and raw material subindexes. The Chinese Shanghai Сomposite jumped 2.2%, the Shenzhen Сomposite picked up 2.35%. In Hong Kong Hang Seng index gained 2.51%. According to the latest data, export rose 11.5% in China last month, while import slumped to 13.8%. In Japan the main index Nikkei 225 climbed 2.83% amidst the relative easing of the yen against the dollar and the euro. The pair dollar/yen stands at 108.96 (+0.39%), euro/yen trades at 123.56 (+0.02%). Shares of leading companies-exporters show positive dynamics as well. Toyota gained 2.81%, Nissan added 3.23%, shares of Sony increased by 1.02%.

 

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NewForex Analyst

 

Sara Rosenstein

 

Forex News from New Forex: Gold declines while the greenback gains ground

 

Gold loses ground after a 3-week rise hit on Tuesday. The rising dollar does not let the metal increase. Gold futures with the delivery in June slid 1.09% to $1,246.80 a troy ounce. On Tuesday, April 12, the yellow metal reached $1,262.60 an ounce, a high since March 18. Since the start of the year gold rose by 17% due to the global market instability. Spot gold slipped to 0.9% to $1,244.25 a troy ounce. Silver futures with the delivery in May declined by 0.97% to $16.06 a troy ounce. The gold/silver ratio, which measures the amount of ounces of silver necessary to buy an ounce of gold, edged down to a 3-month low. The dollar index climbed 0.54% to 94.52 after an 8-month low hit on Tuesday. European markets are on the rise after the increase in Asia and the USA. The pan-European index STOXX 600 edged up 2%.

 

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NewForex Analyst

 

Sara Rosenstein

Forex News from New Forex: The US dollar rises against the euro and the pound sterling

 

On Thursday, April 14, the greenback keeps gaining against the main currencies. The dollar index advanced 0.20% to 95.00. In the trading on Wednesday the index surged 0.84% after the increase of export in China.

 

The pair euro/dollar edged up 0.14% to 1.1256. Meanwhile, the US dollar keeps losing ground against the yen, the pair trades at 109.18 (-0.14%). The yen started to rise after the announcement of the Bank of Japan governor Haruhiko Kuroda, he claimed that the central bank is ready to ease the monetary policy if it is required. Pound/dollar declined 0.47% to 1.4133 at the moment. The Bank of England decided to keep the interest rate unchanged at 0.50%.

 

European shares trade in mixed ways amidst falling oil prices. The UK’s FTSE slipped to 0.07%, the German DAX climbed 0.07%, the French CAC 40 slid 0.11%.

 

http://www.newforex.com/assets/images/news//dollar_14042016.jpg

 

NewForex Analyst

 

David Fineberg

 

Forex News from New Forex: Gold keeps declining

 

Gold demonstrates negative dynamics in the trading on Thursday. Gold futures with the delivery in May tumbled 0.5% to $1,242.1 a troy ounce. At the opening of tradings the metal was seen at $1,230.8. Spot gold slipped to 0.42% to $1,237.46 a troy ounce. Holdings of the yellow metal in the largest EFT-fund SPDR Gold Shares dropped by 5.05 tonnes hitting a month high.

 

Meanwhile, gold shows the highest results in 30 years due to the uncertainty around the global economic growth and the negative interest rate policy in Japan.

 

Silver futures with the delivery in May edged down to 1.1% to $16.14 a troy ounce.

 

Oil prices increase in the expectation of the OPEC meeting on April 17. WTI with the delivery in May surged 0,67% to $41.98, Brent with the delivery in June climbed 0.57% to $44.43 a barrel.

 

http://www.newforex.com/assets/images/news//gold_14042016.jpg

 

NewForex Analyst

 

David Fineberg

Forex News from New Forex: The US currency trades without strong fluctuations

 

On Friday, April 15, the pair euro/dollar trades without significant changes, most investors are in the anticipation of the latest economic news on industrial production and consumer sentiment in the USA. At the moment EUR/USD is seen at 1.1265. The sentiment of global markets has considerably improved after the rise of GDP in China by 6.7% in the first quarter. Industrial production increased from 5.4% in February to 6.8% in March. The currency pair dollar/yen trades at 109.34 (-0.03%), a high since April 7. On Thursday it was announced that the number of US citizens applying for jobless benefits declined by 13 000 to 253,000, a low since 1973. The consumer price index advanced 0.1% last month, although the forecast was 0.2%. The dollar index is currently at 94.89 (-0.05%).

 

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NewForex Analyst

 

David Fineberg

 

Forex News from New Forex: Oil prices fall ahead of the OPEC meeting

 

In the trading on Friday, April 15, oil prices decline as investors are in the expectation of the OPEC meeting on April 17 in Doha to discuss freezing of oil price at the current level. Leading oil exporters Saudi Arabia and Russia hope that it will lead to the decrease of oil production. However, most analysts consider that the decision to freeze prices will not reduce oil oversupply in the global market. This fact caused the fall of prices by 70% since 2014. The U.S. oil with the delivery in May slumped to 2.10% to $40.64 a barrel. On the futures exchange in London Brent oil tumbled 1.78% to $43.04 a barrel. Investors have not paid much attention to the rise of the GDP in China by 6.7% in the first quarter, although China is the second largest world oil consumer.

 

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NewForex Analyst

 

David Fineberg

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%.

 

http://www.newforex.com/assets/images/news//Opec_18042016.jpg

 

NewForex Analyst

 

Luigi Campo

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.

 

http://www.newforex.com/assets/images/news//US_dollar_19042016.jpg

 

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.

 

http://www.newforex.com/assets/images/news//oil_19042016.jpg

 

NewForex Analyst

 

Luigi Campo

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%.

 

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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.

 

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NewForex Analyst

 

Michael Butnitsky

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.

 

http://www.newforex.com/assets/images/news//US_dollar_21042016.jpg

 

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.

 

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NewForex Analyst

 

Sara Rosenstein

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.

 

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NewForex Analyst

 

Sara Rosenstein

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.

 

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NewForex Analyst

 

Joseph Schwartz

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

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.

 

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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.

 

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NewForex Analyst

 

David Fineberg

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.

 

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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.

 

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NewForex Analyst

Michael Butnitsky

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.

 

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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.

 

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NewForex Analyst

Luigi Campo