Page 2 of 9 FirstFirst 1234 ... LastLast
Results 11 to 20 of 83
  1. #11
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Kiwi moves higher on upbeat GDP, Aussie holds steady

    COZforex: The New Zealand dollar moved higher against its US counterpart on Thursday, helped by upbeat New Zealand economic growth data, while the Australian dollar was steady in pre-Christmas holiday-thinned trade.

    NZD/USD rose 0.23% to 0.7325, still close to Tuesday’s 6 month low of 0.6879.

    Statistics New Zealand earlier reported that the country’s gross domestic product increased by 1.1% in the third quarter, beating expectations for a 0.9% rise.

    New Zealand’s economy grew 0.9% in the second quarter, whose figure was revised from a previously estimated growth rate of 0.9%.
    However, year-on-year, New Zealand GDP rose 3.5% in the last quarter, compared to expectations for a growth rate of 3.7%.

    AUD/USD was almost unchanged at 0.7235, not far from Tuesday’s six-month trough of 0.7250.

    Meanwhile, the greenback remained broadly supported after the Federal Reserve concluded its policy meeting last week by raising interest rates by 25 basis points and projected three more rate hikes for 2017.

    But trading volumes were expected to remain thin as traders were beginning to unwind positions ahead of the Christmas holiday.


    (COZ forex UK)

  • #12
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Japanese industrial production jumped in November

    COZforex: For the past trading session, the USD rose 0.3% against the JPY and closed at 117.43.

    On Monday, minutes of the Bank of Japan’s recent monetary policy meeting indicated that policy makers maintained optimism over the rate of economic recovery, citing stabilization in global consumer demand. However, board members disagreed over the volume of bonds the bank should purchase in keeping with its new program to control interest rates.

    Other economic news revealed that the nation’s national consumer price index rose 0.5% on an annual basis in November, in line with market expectations, advancing for the second consecutive month. The CPI had advanced 0.1% in the previous month. Further, the nation’s jobless rate unexpectedly rose to 3.1% in November, defying market expectations for it to record an unchanged reading of 3.0%. Also, the small business confidence index increased to a level of 48.8 in December, following a level of 48.3 in the previous month.

    Overnight data showed that Japan’s preliminary industrial production advanced 1.5% on a monthly basis in November, rising the most in five months, thus suggesting that activity in the world’s third-largest economy continues to gain traction. However, the reading was weaker than market expectations of a rise of 1.7%, while recording a flat reading in the prior month.

    In technical analysis, COZFX strategist Nigel Boynton said: USD/JPY is expected to find support at 117.24 and a fall through could take it to the next support level of 116.93; Meanwhile, the pair is expected to find its first resistance at 117.8, and a rise through could take it to the next resistance level of 118.05.

    Looking ahead, BoJ’s summary of opinions report, due to release overnight, will attract market attention.


    (COZ forex UK)

  • #13
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Australia’s manufacturing sector expanded at the fastest pace since July 2016

    COZforex: For the past trading session, the AUD declined 0.24% against the USD and closed at 0.7193.

    Over the weekend, data showed that in China, Australia’s largest trading partner, the NBS manufacturing PMI eased more-than-expected to a level of 51.4 in December, compared to a level of 51.7 in the previous month, whereas investors had envisaged for a drop to a level of 51.5. Moreover, the nation’s NBS non-manufacturing PMI declined to a level of 54.5 in December, compared to a level of 54.7 in the preceding month.

    Overnight data indicated that Australia’s AiG performance of manufacturing index advanced to a level of 55.4 in December, expanding for the third consecutive month and rising at its fastest pace since July 2016, thus boosting optimism over the health of the nation’s manufacturing sector. The index registered a reading of 54.2 in the previous month.

    Elsewhere in China, the Caixin manufacturing PMI unexpectedly rose to a level of 51.9 in December, marking its fastest rate of growth in three years and further indicating that the world’s second-largest economy is stabilizing.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: AUD/USD is expected to find support at 0.7181 and a fall through could take it to the next support level of 0.7135; Meanwhile, the pair is expected to find its first resistance at 0.7252, and a rise through could take it to the next resistance level of 0.7277.


    (COZ forex UK)

  • #14
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Germany’s construction sector accelerated to a 9-month high in December

    COZforex: For the past trading session, the EUR rose 1.12% against the USD and closed at 1.0599, after Germany’s Markit construction PMI advanced to a level of 54.9 in December, expanding at its fastest pace in nine months, driven by a surge in new orders. The PMI had registered a level of 53.9 in the previous month.

    Separately, the Euro-zone’s producer price index surprisingly rebounded 0.1% YoY in November, marking its first increase since 2013, compared to a drop of 0.4% in the preceding month, while investors had envisaged the index to fall 0.1%.

    The greenback lost ground against a basket of major currencies, after downbeat US private sector jobs data reinforced some doubt on the health of the nation’s labour market.

    Data showed that the US ADP private sector employment climbed less-than-expected by 153.0K in December, pointing towards slowdown in the nation’s jobs growth. Markets anticipated private sector to add 175.0K jobs, following a revised gain of 215.0K in the prior month. On the other hand, the nation’s initial jobless claims dropped to a nearly 43-year low level of 235.0K in the week ended 31 December 2016, pointing to further tightening in the labour market. Meanwhile, markets expected for a drop to a level of 260.0K, after recording a revised level of 263.0K in the prior week.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.0505 and a fall through could take it to the next support level of 1.0425; Meanwhile, the pair is expected to find its first resistance at 1.0640, and a rise through could take it to the next resistance level of 1.0695.

    Trading trends in the Euro today are expected to be determined by the Euro-zone’s final consumer confidence for December and retail sales for November, accompanied with Germany’s factory orders and retail sales data, both for November, all scheduled to release in a few hours.


    (COZ forex UK)

  • #15
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Canadian housing starts jumped in December, building permits edge down

    COZforex: For the past trading session, the USD rose 0.13% against the CAD and closed at 1.3235.

    Macroeconomic data showed that Canada’s seasonally adjusted housing starts rose more-than-anticipated to a level of 207.0K in December, indicating that housing sector continues to be one of the brightest spots in the economy. Housing starts recorded a revised reading of 187.3K in the prior month, while markets were expecting it to climb to a level of 190.0K. On the contrary, the nation’s building permits slid 0.1% on a monthly basis in November, less than market expectations for a drop of 6.0%. In the previous month, building permits had registered a revised rise of 10.5%.

    In the Asian session, the pair is trading at 1.3244, with the USD trading 0.07% higher against the CAD from yesterday’s close.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: USD/CAD is expected to find support at 1.3203 and a fall through could take it to the next support level of 1.3162; Meanwhile, the pair is expected to find its first resistance at 1.3271, and a rise through could take it to the next resistance level of 1.3298.

    Amid no economic releases in Canada today, trading trend in CAD is expected to be determined by global macroeconomic news.


    (COZ forex UK)

  • #16
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Pound at 3month low, braces for May's Brexit speech

    COZforex: The British pound flirted with a three-month low on Tuesday, hit by fears that Prime Minister Theresa May's speech later in the day will set Britain on course to lose access to the lucrative European Union single market.

    Concerns over US President-elect Donald Trump's protectionist policies are also undermining risk sentiment, helping to push up the yen back to its highest levels in more than five weeks.

    The pound was on the defensive at $1.2038, having slumped to a three-month low of $1.1983 on Monday, which was its weakest point in more than three decades barring the several minutes in early Asian trade on Oct 7 when it tanked to as low as $1.1491.

    May will say Britain will not seek a Brexit deal that leaves it "half in, half out" of the European Union, according to her office, in a speech setting out her 12 priorities for upcoming divorce talks with the bloc.

    Those priorities will include leaving the EU's single market and regaining full control of Britain's borders, several newspapers have reported since the weekend.


    (COZ forex UK)

  • #17
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Australia’s Westpac consumer confidence inched higher in January

    COZforex: For the past trading session, the AUD rose 1.14% against the USD and closed at 0.7553.

    In commodities, LME Copper prices declined 1.5% or $85.5/MT to $5771.5/MT; Meanwhile, Aluminium prices declined 0.4% or $6.5/MT to $1805.5/MT.
    Overnight data indicated that Australia’s Westpac consumer confidence index rebounded 0.1% on a monthly basis in January, compared to a drop of 3.9% in the previous month.

    Elsewhere, in China, Australia’s largest trading partner, the house price index climbed 12.4% YoY in December, following a rise of 12.6% in the previous month.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: AUD/USD is expected to find support at 0.7490 and a fall through could take it to the next support level of 0.7429; Meanwhile, the pair is expected to find its first resistance at 0.7590, and a rise through could take it to the next resistance level of 0.7629.

    Moving ahead, market participants will focus on Australia’s unemployment rate for December and consumer inflation expectations for January, scheduled to release in the early hours of tomorrow.


    (COZ forex UK)

  • #18
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Euro trading higher, ahead of a speech by the ECB President

    COZforex: For the past trading session, the EUR rose 0.45% against the USD and closed at 1.0704 on Friday.

    In economic news, Germany’s producer price index rose 1.0% on a monthly basis in December, in line with market expectations and notching its highest level in four-years. The index had climbed 0.1% in the prior month.

    The greenback lost ground against its key counterparts, amid rising concerns among investors after Donald Trump took a protectionist tone in his first speech as the US President.

    Meanwhile, the Philadelphia Federal Reserve President, Patrick Harker, expressed optimism over the US economic growth, inflation and the labour market and reiterated that if the economy stays on growth-track, three interest rate hikes would be appropriate in 2017.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.0661 and a fall through could take it to the next support level of 1.0579; Meanwhile, the pair is expected to find its first resistance at 1.0787, and a rise through could take it to the next resistance level of 1.0831.

    Moving ahead, investors will look forward to a speech by the ECB President, Mario Draghi along with the Euro-zone’s preliminary consumer confidence index for January, scheduled to release later today. Additionally, the German Buba monthly report, slated to release in a few hours, will also be on investor’s radar.


    (COZ forex UK)

  • The Following User Says Thank You to kenneth201 For This Useful Post:


  • #19
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: Japan continues moderate economic recovery: BoJ minutes

    COZforex: For the past trading session, the USD declined 0.35% against the JPY and closed at 112.86.

    In the Asian session, the pair is trading at 113.08, with the USD trading 0.19% higher against the JPY from yesterday’s close.

    According to the minutes of the Bank of Japan’s December meeting, most of the board members believe that Japanese economy remains on a moderate recovery path. At the meeting, the BoJ kept the monetary stimulus unchanged as expected and raised its assessment of the economy.

    Earlier today, data indicated that Japan’s Nikkei services PMI eased to a level of 51.9 in January, after recording a level of 52.3 in the preceding month.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: USD/JPY is expected to find support at 112.34 and a fall through could take it to the next support level of 111.59; Meanwhile, the pair is expected to find its first resistance at 113.52, and a rise through could take it to the next resistance level of 113.95.

    Next week, investors will keep a close watch on BoJ’s summary of opinions report, trade balance (BOP basis) and Eco-Watchers survey data.


    (COZ forex UK)

  • #20
    Bronze Member Array
    Join Date
    Nov 2016
    Posts
    83
    Thanks
    0
    Thanked 2 Times in 2 Posts
    COZfx: USD/CAD slips lower as oil prices jump

    COZforex: The US dollar was lower against its Canadian counterpart on Thursday, despite the release of upbeat US jobless claims data, as rising oil prices lent support to the commodity-related Canadian currency.

    USD/CAD hit 1.3106 amid early US trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.3101, shedding 0.33%. In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/CAD was likely to find support at 1.3004, the low of February 6 and resistance at 1.3201, Wednesday’s high.

    The US Department of Labor said initial jobless claims decreased by 12,000 to 234,000 in the week ending February 4 from the previous week’s total of 246,000. Analysts had expected jobless claims to rise by 4,000 to 250,000 last week.

    But sentiment on the greenback remained vulnerable amid concerns over US President Donald Trump's protectionist stance and recent hints from the new administration that it would prefer a weaker dollar.

    Meanwhile, the Canadian dollar was boosted by a strong rally in oil prices on Thursday, on the back of an unexpected decline in US gasoline inventories.

    Statistics Canada earlier reported that new housing price inflation rose 0.1% in December, disappointing expectations for an increase of 0.2% and following a 0.2% gain the previous month.


    (COZ forex UK)

  • Page 2 of 9 FirstFirst 1234 ... LastLast

    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
    •