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  1. #111
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    COZfx: UK’s ILO unemployment remained steady in the three months to April, wage growth slows in the same period

    COZforex: For the past trading session, the GBP declined 0.06% against the USD and closed at 1.3371.

    On the macro front, Britain’s ILO unemployment rate remained unchanged at a rate of 4.2% in the February-April 2018 period, meeting market expectations and recording its lowest level since 1975. However, the nation’s average earnings including bonus grew 2.5% in the February-April 2018 period, less than market expectations for a rise of 2.6%. Average earnings including bonus had risen 2.6% in the January-March 2018 period.

    In the Asian session, the pair is trading at 1.3363, with the GBP trading 0.06% lower against the USD from yesterday’s close.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: GBP/USD is expected to find support at 1.3328 and a fall through could take it to the next support level of 1.3294; Meanwhile, the pair is expected to find its first resistance at 1.3411, and a rise through could take it to the next resistance level of 1.3460.

    Going ahead, investors would eye UK’s inflation figures for May, as well as the nation’s house price index for April, set to release in a few hours.

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


    (COZ forex UK)

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  3. #112
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    COZfx: BOJ Governor Haruhiko Kuroda recommends wage hike to meet inflation target

    COZforex: For the past trading session, the USD rose 0.31% against the JPY and closed at 110.38.

    In the Asian session, the pair is trading at 110.59, with the USD trading 0.19% higher against the JPY from yesterday’s close.

    Separately, Bank of Japan’s Governor, Haruhiko Kuroda, proposed a Japanese government call for employers to raise wages by 3% a year, as it would help in achieving the bank’s inflation target.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/JPY is expected to find support at 110.15 and a fall through could take it to the next support level of 109.70; Meanwhile, the pair is expected to find its first resistance at 110.84, and a rise through could take it to the next resistance level of 111.08.

    Moving forward, traders would closely monitor Japan’s national consumer price index for May and Nikkei flash PMI manufacturing for June, set to release overnight.

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


    (COZ forex UK)

  4. #113
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    COZfx: Loonie trading on a weaker footing in the Asian session

    COZforex: For the past trading session, the USD rose 0.08% against the CAD and closed at 1.3302.

    In the Asian session, the pair is trading at 1.3323, with the USD trading 0.16% higher 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 1.3293 and a fall through could take it to the next support level of 1.3263; Meanwhile, the pair is expected to find its first resistance at 1.3341, and a rise through could take it to the next resistance level of 1.3359.

    Going forward investors would eye Bank of Canada Governor, Stephen Poloz speech for further direction.

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


    (COZ forex UK)

  5. #114
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    COZfx: Swiss retail sales unexpectedly falls in May

    COZforex: For the past trading session, the USD rose 0.17% against the CHF and closed at 0.9935.

    The Swiss Franc declined against the dollar, after Switzerland’s real retail sales unexpectedly fell 0.1% on an annual basis in May, defying market anticipation to register a rise of 1.4%. In the previous month, the retail sales had recorded a revised rise of 2.9%. Further, the nation’s SVME manufacturing PMI slid to a level of 61.6 in June, less than market expectations for a drop to a level of 61.0. In the previous month, the PMI had recorded a reading of 62.4.

    Additionally, Switzerland’s total sight deposits eased to a level of CHF576.4 billion in the week ended 01 June, from CHF576.7 billion in the previous week.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: USD/CHF is expected to find support at 0.9916 and a fall through could take it to the next support level of 0.9886; Meanwhile, the pair is expected to find its first resistance at 0.9971, and a rise through could take it to the next resistance level of 0.9996.

    With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic factors for further direction.

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


    (COZ forex UK)

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  7. #115
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    COZfx: Euro extends its gains in the Asian session

    COZforex: For the past trading session, the EUR rose 0.46% against the USD and closed at 1.1745 on Friday, after Germany’s industrial output rose at a faster than expected pace in May.

    On the data front, Germany’s seasonally adjusted industrial production rebounded 2.6% on a monthly basis in May, higher than market expectations for a rise of 0.3%. In the previous month, industrial production had recorded a revised drop of 1.3%.

    The US Dollar weakened against basket of currencies on Friday, following the rise in unemployment rate and slower wage growth.

    Data showed that US unemployment rate unexpectedly rose to 4.0% in June, compared to a rate of 3.8% in the previous month. Market participants had anticipated unemployment rate to record a steady reading. Further, the nation’s average hourly earnings of all employees rose by 0.2% on a monthly basis in June, undershooting market expectations for an advance of 0.3%. Average hourly earnings of all employees had advanced 0.3% in the preceding month. On the contrary, non-farm payrolls climbed by 213.0K in June, more than market expectations for an advance of 195.0K. Non-farm payrolls had registered a revised increase of 244.0K in the prior month. Additionally, trade deficit narrowed to a 19-month low level of $43.1 billion in May, amid growing fears of retaliatory tariffs and more than market expectations for a deficit of $43.6 billion. In the previous month, trade deficit had recorded a revised reading of $46.1 billion.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.1705 and a fall through could take it to the next support level of 1.1651; Meanwhile, the pair is expected to find its first resistance at 1.1790, and a rise through could take it to the next resistance level of 1.1821.

    Moving ahead, investors would keep an eye on the Euro-zone’s Sentix investor confidence index for July and Germany’s trade balance data for May, slated to release in a few hours. Later in the day, the US consumer credit for May, will keep investors on their toes.


    (COZ forex UK)

  8. #116
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    COZfx: Aussie extends its gains in the Asian session

    COZforex: For the past trading session, the AUD rose 0.52% against the USD and closed at 0.7403.

    In commodities, LME Copper prices declined 0.2% or $9.0/MT to $6173.0/MT; Meanwhile, Aluminum prices declined 0.8% or $16.0/MT to $2104.5/MT.

    In the Asian session, the pair is trading at 0.7418, with the AUD trading 0.20% higher against the USD from yesterday’s close.

    Elsewhere in China, Australia’s largest trading partner, China’s trade surplus widened to $41.61 billion in June, amid rise in exports. Markets participants had expected a surplus of $27.72 billion. The nation posted a revised surplus of $24.23 billion in the previous month.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: AUD/USD is expected to find support at 0.7384 and a fall through could take it to the next support level of 0.7350; Meanwhile, the pair is expected to find its first resistance at 0.7437, and a rise through could take it to the next resistance level of 0.7456.

    Moving forward, traders would await Australia’s Westpac leading index and unemployment rate due to be released next week.

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


    (COZ forex UK)

  9. #117
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    COZfx: Japan reported a trade surplus in June

    COZforex: For the past trading session, the USD declined 0.09% against the JPY and closed at 112.85.

    In the Asian session (GMT0300), the pair is trading at 112.77, with the USD trading 0.07% lower against the JPY from yesterday’s close.

    The Japanese yen climbed against the dollar, after Japan posted a trade surplus of ¥721.4 billion in June, following a trade deficit of ¥578.3 billion in the prior month.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/JPY is expected to find support at 112.57 and a fall through could take it to the next support level of 112.36; Meanwhile, the pair is expected to find its first resistance at 113.06, and a rise through could take it to the next resistance level of 113.34.

    Going forward, investors would closely monitor Japan’s final machine tool orders for June, due to be released in a while and the national consumer price index for June, set to release overnight.

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


    (COZ forex UK)

  10. #118
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    COZfx: Sterling trading on stronger footing in the morning session

    COZforex: For the past trading session, the GBP declined 0.47% against the USD and closed at 1.2823.

    In the Asian session (at GMT0300), the pair is trading at 1.2830, with the GBP trading 0.05% higher against the USD from yesterday’s close.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: GBP/USD is expected to find support at 1.2795 and a fall through could take it to the next support level of 1.2761; Meanwhile, the pair is expected to find its first resistance at 1.2888, and a rise through could take it to the next resistance level of 1.2947.

    Going forward, investors will keep an eye on UK’s gross domestic product for Q2, along with trade balance data, industrial production, manufacturing production and construction output, all for June, set to release in a few hours.

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


    (COZ forex UK)

  11. #119
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    COZfx: Canada’s manufacturing sales climbed more than forecast in June

    COZforex: For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CAD and closed at 1.3158.

    Data indicated that Canada’s manufacturing shipments climbed 1.1% on a monthly basis in June, supported by a sharp increase in oil and coal shipments and more than market expectations for an advance of 1.0%. Manufacturing shipments had risen by a revised 1.5% in the prior month.

    In the Asian session (GMT0300), the pair is trading at 1.3149, with the USD trading 0.07% lower against the CAD from yesterday’s close.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/CAD is expected to find support at 1.3117 and a fall through could take it to the next support level of 1.3085; Meanwhile, the pair is expected to find its first resistance at 1.3178, and a rise through could take it to the next resistance level of 1.3207.

    Trading trend in the Loonie today is expected to be determined by Canada’s consumer price index for July, scheduled to release later in the day.

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


    (COZ Forex UK)

  12. #120
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    COZfx: Swiss Franc trading a tad higher in the morning session

    COZforex: For the past trading session, the USD rose 0.36% against the CHF and closed at 0.9862.

    Data showed that Switzerland’s industrial production unexpectedly climbed 8.3% on an annual basis in the second quarter of 2018, following a rise of 9.0% in the prior quarter.

    In the Asian session (GMT0300), the pair is trading at 0.9859, with the USD trading slightly lower against the CHF from yesterday’s close.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/CHF is expected to find support at 0.9832 and a fall through could take it to the next support level of 0.9805; Meanwhile, the pair is expected to find its first resistance at 0.9876, and a rise through could take it to the next resistance level of 0.9893.

    With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further directions.

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


    (COZ forex UK)

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