Page 8 of 8 FirstFirst ... 678
Results 71 to 78 of 78
  1. #71
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    78
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Canada’s building permits plunged in August, housing starts declined in September

    COZforex: For the past trading session, the USD declined 0.3% against the CAD and closed at 1.2517.

    On the economic front, Canada’s building permits declined more-than-anticipated by 5.5% on a monthly basis in August, easing for the second straight month and compared to a revised drop of 2.8% in the previous month. Market anticipation was for building permits to drop 1.0%. Further, the nation’s seasonally adjusted housing starts dropped to a level of 217.1K in September, compared to market consensus for a fall to a level of 212.0K. Housing starts had recorded a reading of 223.2K in the previous month.

    In the Asian session, the pair is trading at 1.2515, with the USD trading a tad 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 1.2490 and a fall through could take it to the next support level of 1.2464; Meanwhile, the pair is expected to find its first resistance at 1.2535, and a rise through could take it to the next resistance level of 1.2554.

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


    (COZ forex UK)

  • #72
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    78
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Officials in no rush to hike interest rates, still worried about household debt: RBA minutes

    COZforex: For the past trading session, the AUD declined 0.3% against the USD and closed at 0.7848.

    In commodities, LME Copper prices rose 3.0% or $205.0/MT to $7063.0/MT; Meanwhile, Aluminium prices rose 0.2% or $4.0/MT to $2144.0/MT.

    In the Asian session, the pair is trading at 0.7851, with the AUD trading slightly higher against the USD from yesterday’s close.

    According to minutes of the Reserve Bank of Australia’s October meeting, policymakers held the view that any change in monetary policy would be dependent on domestic economic conditions and not on moves by central banks elsewhere. The central bank reiterated that low interest rates would continue in order to support the Australian economy. Moreover, officials noted that household debt levels remain elevated and need careful monitoring.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: AUD/USD is expected to find support at 0.7828 and a fall through could take it to the next support level of 0.7804; Meanwhile, the pair is expected to find its first resistance at 0.7882, and a rise through could take it to the next resistance level of 0.7912.

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


    (COZ forex UK)

  • #73
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    78
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Euro-zone’s current account surplus rose to a 15-month high in August

    COZforex: For the past trading session, the EUR declined 0.65% against the USD and closed at 1.1770 on Friday.

    In economic news, the Euro-zone’s seasonally adjusted current account surplus notched its highest level since May 2016 in August, after it widened to €33.3 billion, boosted by larger exports of goods. The region had registered a revised surplus of €31.5 billion in the prior month.

    The greenback advanced against its major counterparts, on the back of renewed optimism over the US President, Donald Trump’s tax reforms plans, after the US Senate approved a budget blueprint.

    On the macro front, existing home sales in the US unexpectedly rebounded 0.7% on a monthly basis to a level of 5.39 million in September, defying market expectations for a fall to a level of 5.30 million and after registering a level of 5.35 million in the previous month.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.1737 and a fall through could take it to the next support level of 1.1707; Meanwhile, the pair is expected to find its first resistance at 1.1812, and a rise through could take it to the next resistance level of 1.1857.

    Moving ahead, investors would eye the Euro-zone’s flash consumer confidence index for October, slated to release later today. Further, the US Chicago Fed national activity index for September, due to release later in the day, will be on investors’ radar.


    (COZ forex UK)

  • #74
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    78
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Japan’s annual inflation advanced as expected in September

    COZforex: For the past trading session, the USD rose 0.43% against the JPY and closed at 114.12.

    In the Asian session, the pair is trading at 114.16, with the USD trading slightly higher against the JPY from yesterday’s close.

    Overnight data indicated that Japan’s national consumer price index (CPI) rose 0.7% on an annual basis in September, meeting market expectations and compared to a similar rise in the previous month.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/JPY is expected to find support at 113.58 and a fall through could take it to the next support level of 113.00; Meanwhile, the pair is expected to find its first resistance at 114.50, and a rise through could take it to the next resistance level of 114.84.

    Going ahead, investors would focus on the Bank of Japan’s monetary policy decision, scheduled next week.

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


    (COZ forex UK)

  • #75
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    78
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Swiss Franc trading lower ahead of the SVME – PMI data

    COZforex: For the past trading session, the USD rose 0.17% against the CHF and closed at 0.9973.

    Meanwhile, the Swiss National Bank reported a record profit of CHF32.5 billion for the third quarter amid a drop in the Franc’s value and strength in equity markets. Earnings included a gain of CHF1.9 billion from the increased value of its gold holdings and of CHF520.0 million from negative interest rates it charges banks to hold deposits.

    In the Asian session, the pair is trading at 0.9987, with the USD trading 0.14% higher from yesterday’s close.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/CHF is expected to find support at 0.9959 and a fall through could take it to the next support level of 0.9931; Meanwhile, the pair is expected to find its first resistance at 1.0006, and a rise through could take it to the next resistance level of 1.0025.

    Moving ahead, traders will now focus on Switzerland’s SVME – PMI data for October, due to release in a few hours.

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


    (COZ forex UK)

  • #76
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    78
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: RBA kept its interest rate unchanged at 1.50%

    COZforex: For the past trading session, the AUD rose 0.43% against the USD and closed at 0.7685.

    In technical analysis, LME Copper prices declined 0.2% or $12.0/MT to $6902.5/MT; Meanwhile, Aluminium prices fell 0.6% or $13.0/MT to $2152.0/MT.

    The Reserve Bank of Australia, at its latest policy meeting, decided to keep its cash rate steady at 1.50%, citing weakness in inflation and slowdown in the housing market. The central bank kept its forecast for the nation’s economic growth largely unchanged and it expects inflation to gradually rise in the coming months. However, the central bank remained concerned about the outlook for household spending.

    In the Asian session, the pair is trading at 0.7689, with the AUD trading marginally higher from yesterday’s close.

    In technical analysis, COZFX strategist Nigel Boynton said: AUD/USD is expected to find support at 0.7657 and a fall through could take it to the next support level of 0.7625; Meanwhile, the pair is expected to find its first resistance at 0.7711, and a rise through could take it to the next resistance level of 0.7733.

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


    (COZ forex UK)

  • #77
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    78
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Canada’s new house price index climbed in September

    COZforex: For the past trading session, the USD declined 0.39% against the CAD and closed at 1.2681.

    Macroeconomic data showed that Canada’s new house price index rose 0.2% in September, meeting market expectations. The index had registered a gain of 0.1% in the previous month.

    In the Asian session, the pair is trading at 1.2670, with the USD trading 0.09% 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 1.2646 and a fall through could take it to the next support level of 1.2621; Meanwhile, the pair is expected to find its first resistance at 1.2716, and a rise through could take it to the next resistance level of 1.2761.
    Investors would direct their attention to Canada’s crucial inflation figures, set to release later next week.

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


    (COZ forex UK)

  • #78
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    78
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: UK’s ILO unemployment rate remained steady at a 4-decade low in the three months to September

    COZforex: For the past trading session, the GBP marginally rose against the USD and closed at 1.3169, after UK’s ILO unemployment rate remained steady at a 42-year low of 4.3% in the three months to September, meeting market expectations. Further, the nation’s average earnings including bonus advanced more-than-anticipated by 2.2% in the July-September period, but remained firmly behind inflation, indicating that the squeeze on consumers may continue for some time. Average earnings including bonus had registered a revised gain of 2.3% in the June-August period, while markets were expecting for a rise of 2.1%.

    However, the number of people employed in the nation unexpectedly fell by 14.0K in the July-September period, declining for the first time since October 2016. Markets were expecting employment to rise 52.0K, following an increase of 94.0K in the June-August 2017 period.

    In technical analysis, COZFX strategist Nigel Boynton said: GBP/USD is expected to find support at 1.3131 and a fall through could take it to the next support level of 1.3093; Meanwhile, the pair is expected to find its first resistance at 1.3211, and a rise through could take it to the next resistance level of 1.3253.

    Moving ahead, market participants will focus on Britain’s retail sales data for October, due to release in a few hours. Also, a speech by the Bank of England Governor, Mark Carney, due later in the day, will keep investors on their toes.

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


    (COZ forex UK)

  • Page 8 of 8 FirstFirst ... 678

    Similar Threads

    1. Daily Market Analysis by Vinson Financials
      By VinsonFinancialsFX in forum Technical Analysis
      Replies: 93
      Last Post: 12-28-2015, 09:55 AM
    2. Daily Market Analysis by FxGrow
      By FxGrow Support in forum Fundamental Analysis
      Replies: 75
      Last Post: 09-29-2015, 08:21 AM
    3. FXHFT - Daily Market Analysis
      By FXHFT in forum Technical Analysis
      Replies: 2
      Last Post: 03-10-2015, 10:30 AM
    4. Daily Market Analysis - IMFutures
      By imfutures in forum Technical Analysis
      Replies: 0
      Last Post: 10-03-2013, 04:18 AM
    5. Ikon's Daily Market Analysis
      By Ajawed in forum Technical Analysis
      Replies: 3
      Last Post: 12-04-2012, 09:59 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
    •