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  1. #151
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    COZFX: Switzerland’s producer and import price declined in February

    COZforex: For the past trading session, the USD rose 0.06% against the CHF and closed at 1.0037.

    On macro front, Switzerland’s producer and import price index eased 0.7% on a yearly basis in February, less than market expectations for a drop of 1.0%. The index had recorded a decline of 0.5% in the prior month.

    In the Asian session (at GMT0400), the pair is trading at 1.0026, with the USD trading 0.11% lower against the CHF from yesterday’s close.

    In technical analysis, COZ senior foreign exchange risk investment trader Desmond Doyle said: USD/CHF is expected to find support at 1.0013 and a fall through could take it to the next support level of 0.9999; Meanwhile, the pair is expected to find its first resistance at 1.0046, and a rise through could take it to the next resistance level of 1.0065.

    Looking forward, investors would keep an eye on Switzerland’s trade balance data, set to release next week.

    The currency pair is trading below its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  2. #152
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    COZFX: BoE kept its key interest rate steady at 0.75%, in line with expectations

    COZforex: For the past trading session, the GBP declined 0.61% against the USD and closed at 1.3118, amid growing fears that a no-deal Brexit would become a reality.

    On the macro front, UK’s public sector net borrowing surplus narrowed to a 17-year low level of £0.7 billion in February, compared to a revised surplus of £14.1 billion in the prior month. Markets had anticipated the public sector net borrowing to post a surplus of £0.8 billion. Meanwhile, Britain’s retail sales climbed 4.0% on a yearly basis in February, beating market expectations for a rise of 3.3%. In the previous month, retail sales had registered a revised gain of 4.1%.

    The Bank of England, in its latest monetary policy meeting, kept its key interest rate unchanged at 0.75%, as widely expected. Additionally, the central bank reiterated that a further tightening of policy at a gradual pace may be required, if the economy expands in line with projections. Meanwhile, the central bank forecasted a 0.3% GDP growth for the first quarter.

    In the Asian session (at GMT0400), the pair is trading at 1.3140, with the GBP trading 0.17% higher against the USD from yesterday’s close.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: USD/JPY is expected to find support at 1.3021 and a fall through could take it to the next support level of 1.2901; Meanwhile, the pair is expected to find its first resistance at 1.3243, and a rise through could take it to the next resistance level of 1.3345.

    Amid no major economic releases in UK today, investors would focus on global macroeconomic events for further direction.

    The currency pair is trading between its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  3. #153
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    COZFX: Japanese Yen trading a tad lower in the morning session

    COZforex: For the past trading session, the USD rose 0.48% against the JPY and closed at 110.54.

    In the Asian session (at GMT0400), the pair is trading at 110.55, with the USD trading a tad higher against the JPY from yesterday’s close.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/JPY is expected to find support at 110.13 and a fall through could take it to the next support level of 109.71; Meanwhile, the pair is expected to find its first resistance at 110.83, and a rise through could take it to the next resistance level of 111.11.

    The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.


    (COZ forex UK)

  4. #154
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    COZFX: Loonie reverses its losses in the Asian session

    COZforex: For the past trading session, the USD rose 0.22% against the CAD and closed at 1.3341.

    In the Asian session (at GMT0300), the pair is trading at 1.3320, with the USD trading 0.16% lower against the CAD from yesterday’s close.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/CAD is expected to find support at 1.3295 and a fall through could take it to the next support level of 1.3269; Meanwhile, the pair is expected to find its first resistance at 1.3360, and a rise through could take it to the next resistance level of 1.3399.

    Amid no major economic releases in Canada today, investors would focus on global macroeconomic news for further direction.

    The currency pair is trading below its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  5. #155
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    COZFX: Euro trading a tad higher in the Asian session

    COZforex: For the past trading session, the EUR declined 0.15% against the USD and closed at 1.1137.

    The US dollar gained ground against a basket of currencies, amid robust US capital goods orders data.

    In the US, data indicated that preliminary durable goods orders rebounded 2.7% on a monthly basis in March, hitting a 7-month high level, amid weaker growth of industrial sector. Durable goods orders had registered a drop of 1.6% in the previous month, while market participants had expected for a rise of 0.8%. Meanwhile, the nation’s seasonally adjusted initial jobless claims advanced to a level of 230.0K in the week ended 20 April 2019, rising by the most in 19-months and compared to market expectations of a gain to a level of 200.0K. In the previous week, initial jobless claims had registered a revised reading of 193.0K.

    In the Asian session (at GMT0300), the pair is trading at 1.1138, with the EUR trading slightly higher against the USD from yesterday’s close.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.1117 and a fall through could take it to the next support level of 1.1095; Meanwhile, the pair is expected to find its first resistance at 1.1161, and a rise through could take it to the next resistance level of 1.1183.

    Amid lack of economic releases in Canada today, traders would focus on the US gross domestic product annualised and personal consumption, both for the first quarter of 2019, along with the Michigan consumer sentiment index for April, scheduled to release later in the day.


    (COZ Forex UK)

  6. #156
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    COZFX: Crude oil trading higher, ahead of Baker Hughes weekly rig count data

    COZforex: For the past trading session, Crude Oil declined 2.90% against the USD and closed at USD61.68 per barrel, after the expiry of US waivers on Iran oil sanctions and as an increase in domestic supplies and record US crude production continued to weigh on prices.

    In the Asian session (at GMT0300), the pair is trading at 61.70, with oil trading marginally higher against the USD from yesterday’s close.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: The crude oil is expected to find support at 60.57 and a fall through could take it to the next support level of 59.43; Meanwhile, the crude oil is expected to find its first resistance at 63.22, and a rise through could take it to the next resistance level of 64.73.

    Crude oil is trading below its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  7. #157
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    COZFX: Aussie trading higher in the morning session

    COZforex: For the past trading session, the AUD declined 0.10% against the USD and closed at 0.6987.
    LME Copper prices rose 0.2% or $9.0/MT to $6112.0/MT. Aluminium prices rose 0.3% or $5.5/MT to $1766.5/MT.
    In the Asian session (at GMT0300), the pair is trading at 0.6999, with the AUD trading 0.17% higher against the USD from yesterday’s close.
    In technical analysis, COZ senior foreign exchange risk investment trader Desmond Doyle said: AUS/USD is expected to find support at 0.6970 and a fall through could take it to the next support level of 0.6940; Meanwhile, the pair is expected to find its first resistance at 0.7024, and a rise through could take it to the next resistance level of 0.7048.
    Amid lack of macroeconomic releases in Australia today, investors would focus on global macroeconomic releases for further direction.
    The currency pair is trading above with its 20 Hr and 50 Hr moving averages.

    (COZ forex UK)

  8. #158
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    COZFX: British Pound trading a tad higher in the Asian session

    COZforex: For the past trading session, the GBP declined 0.50% against the USD and closed at 1.2846, amid fears that Prime Minister Theresa May’s proposed Brexit deal will be rejected again in June.

    In the Asian session (at GMT0300), the pair is trading at 1.2847, with the GBP trading slightly higher against the USD from yesterday’s close.

    In technical analysis, COZ senior foreign exchange risk investment trader Desmond Doyle said: GBP/USD is expected to find support at 1.2808 and a fall through could take it to the next support level of 1.2770; Meanwhile, the pair is expected to find its first resistance at 1.2904, and a rise through could take it to the next resistance level of 1.2962.

    Amid lack of economic releases in UK today, traders would focus on global macroeconomic events for further direction.

    The currency pair is trading below its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  9. #159
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    COZFX: Swiss Franc extends its gains in the Asian session

    COZforex: For the past trading session, the USD declined 0.18% against the CHF and closed at 1.0092.

    In the Asian session (at GMT0300), the pair is trading at 1.0083, with the USD trading 0.09% lower against the CHF from yesterday’s close.

    In technical analysis, COZ senior foreign exchange risk investment trader Desmond Doyle said: USD/CHF is expected to find support at 1.0060 and a fall through could take it to the next support level of 1.0037; Meanwhile, the pair is expected to find its first resistance at 1.0113, and a rise through could take it to the next resistance level of 1.0143.

    Looking forward, investors would focus on Switzerland’s industrial production data for 1Q, slated to release in a while.

    The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.


    (COZ forex UK)

  10. #160
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    COZFX: Japanese Yen trading a tad lower in the Asian session

    COZforex: For the past trading session, the USD declined 0.16% against the JPY and closed at 109.37.
    In the Asian session (at GMT0300), the pair is trading at 109.40, with the USD trading marginally higher against the JPY from yesterday’s close.
    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/JPY is expected to find support at 109.16 and a fall through could take it to the next support level of 108.93; Meanwhile, the pair is expected to find its first resistance at 109.62, and a rise through could take it to the next resistance level of 109.85.
    The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

    (COZ forex UK)

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