Page 14 of 16 FirstFirst ... 41213141516 LastLast
Results 131 to 140 of 154
  1. #131
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Japanese Yen reverses its losses in the morning session

    COZforex: For the past trading session, the USD rose 0.20% against the JPY and closed at 113.45.

    In the Asian session (at GMT0400), the pair is trading at 113.21, with the USD trading 0.21% lower against the JPY from yesterday’s close.

    Earlier today, data showed that Japan’s preliminary leading economic index fell to a level of 103.9 in September. The index had registered a level of 104.5 in the previous month. Moreover, the nation’s flash coincident index eased to a level of 114.6 in September, compared to a reading of 116.7 in the previous month.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: USD/JPY is expected to find support at 112.85 and a fall through could take it to the next support level of 112.48; Meanwhile, the pair is expected to find its first resistance at 113.70, and a rise through could take it to the next resistance level of 114.18.

    Looking ahead, investors would await Japan’s machine orders and trade balance data, both for September, set to release overnight.
    The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  2. #132
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Sterling reverses its losses in the morning session

    COZforex: For the past trading session, the GBP dropped 0.68% against the USD and closed at 1.2852, amid renewed Brexit worries, following reports that Prime Minister, Theresa May had cancelled a cabinet meeting to approve a Brexit deal.

    In the Asian session (at GMT0400), the pair is trading at 1.2886, with the GBP trading 0.26% 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 1.2828 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 1.2944, and a rise through could take it to the next resistance level of 1.3002.

    Looking forward, investors would closely monitor UK’s average weekly earnings and ILO unemployment rate, both for September, slated to release in a few hours.

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


    (COZ forex UK)

  3. #133
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Loonie trading a tad higher in the Asian session

    COZforex: For the past trading session (24 hours to 23:00 GMT), the USD rose 0.09% against the CAD and closed at 1.3171.

    In the Asian session (at GMT0400), the pair is trading at 1.3166, with the USD trading slightly 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 1.3143 and a fall through could take it to the next support level of 1.3121; Meanwhile, the pair is expected to find its first resistance at 1.3195, and a rise through could take it to the next resistance level of 1.3225.
    The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.


    (COZ forex UK)

  4. #134
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Euro-zone’s manufacturing PMI slid to a 30-month low level in November, while the service sector activity fell to a 25-month low level in the same month

    COZforex: For the past trading session, the EUR declined 0.64% against the USD and closed at 1.1330 on Friday, amid sharp decline in the PMI data.

    Data indicated that the Euro-zone’s preliminary manufacturing PMI unexpectedly declined to a 30-month low level of 51.5 in November, compared to a level of 52.0 in the previous month. Market participants had expected for the PMI to record a flat reading.

    Separately, in Germany, the seasonally adjusted final gross domestic product retreated 0.2% on quarterly basis in 3Q 2018, confirming the preliminary print and in line with market expectations. In the preceding quarter, the GDP had recorded a rise of 0.5%. Also, the nation’s preliminary manufacturing PMI surprisingly slid to a level of 51.6 in November, compared to a reading of 52.2 in the preceding month. Market had envisaged for the PMI to remain unchanged.

    The US dollar gained ground against basket of currencies, amid worries over global economic slowdown and as US-Sino trade war reduced the looming uncertainties.

    In the US, data showed that the US preliminary Markit manufacturing PMI unexpectedly fell to a level of 55.4 November, defying market expectations for an unchanged reading. In the previous month, the PMI had recorded a level of 55.7.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.1304 and a fall through could take it to the next support level of 1.1269; Meanwhile, the pair is expected to find its first resistance at 1.1398, and a rise through could take it to the next resistance level of 1.1457.

    Moving ahead, traders would await Germany’s IFO business climate and expectations, both for November, set to release in a few hours. Later in the day, the US Chicago Fed national activity index for October and Dallas Fed manufacturing activity for November, will be on investors’ radar.


    (COZ forex UK)

  5. #135
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Switzerland’s economic growth contracted in 3Q 2018

    COZforex: For the past trading session, the USD rose 0.28% against the CHF and closed at 0.9962.

    In the economic news, Switzerland’s seasonally adjusted gross domestic product unexpectedly slid 0.2% on a quarterly basis in 3Q 2018, defying market consensus for a rise of 0.4%. In the prior quarter, GDP had recorded an advance of 0.7%.

    In the Asian session (at GMT0400), the pair is trading at 0.9965, with the USD trading slightly higher 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 0.9930 and a fall through could take it to the next support level of 0.9894; Meanwhile, the pair is expected to find its first resistance at 0.9989, and a rise through could take it to the next resistance level of 1.0012.

    Going ahead, traders would keep an eye on Switzerland’s retail sales real and consumer price index, scheduled to release next week.

    The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  6. #136
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Australia’s house price index fell less-than-estimated on a quarterly basis in 3Q 2018

    COZforex: For the past trading session, the AUD declined 0.32% against the USD and closed at 0.7193.

    In commodities, LME Copper prices declined 1.0% or $61.0/MT to $6112.0/MT; Meanwhile, Aluminium prices declined 0.6% or $11.0/MT to $1951.0/MT.

    In the Asian session (at GMT0400), the pair is trading at 0.7205, with the AUD trading 0.17% higher against the USD from yesterday’s close.

    Overnight data showed that Australia’s house price index decreased 1.5% on a quarterly basis in 3Q 2018, less than market expectations and compared to a fall of 0.7% in the prior quarter.

    Additionally, the NAB business confidence index declined to a level of 3.0 in November, signalling further slowdown in the growth momentum. In the previous month, the index had recorded a level of 4.0. Moreover, the nation’s NAB business conditions index dropped to a level of 11.0 in November, following a level of 12.0 in the preceding month.

    In technical analysis, COZFX strategist Nigel Boynton said: AUD/USD is expected to find support at 0.7181 and a fall through could take it to the next support level of 0.7157; Meanwhile, the pair is expected to find its first resistance at 0.7228, and a rise through could take it to the next resistance level of 0.7251.

    Looking forward, investor would closely monitor Australia’s Westpac consumer confidence index for December, slated to release overnight.

    The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  7. #137
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Japanese Yen reverses its previous session gains in the Asian session

    COZforex: For the past trading session, the USD declined 0.28% against the JPY and closed at 113.29 on Friday.

    In the Asian session (at GMT0400), the pair is trading at 113.48, with the USD trading 0.17% higher against the JPY from Friday’s close.

    In technical analysis, COZforex foreign currency senior currency strategist, Paul Chew said: USD/JPY is expected to find support at 113.24 and a fall through could take it to the next support level of 113.01; Meanwhile, the pair is expected to find its first resistance at 113.69, and a rise through could take it to the next resistance level of 113.91.
    Amid lack of economic releases in Japan today, traders would focus on global macroeconomic events for further direction.

    The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.


    (COZ forex UK)

  8. #138
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: BoE kept its benchmark interest rate unchanged, as widely expected

    COZforex: For the past trading session, the GBP rose 0.35% against the USD and closed at 1.2665.

    Data indicated that UK’s retail sales advanced 3.6% on an annual basis in November, buoyed by Black Friday promotions & record online spending and surpassing market expectations for a rise of 2.0%. In the previous month, retail sales had registered a revised gain of 2.4%.

    The Bank of England, in its latest policy meeting, voted unanimously to leave its key interest rates unchanged at 0.75%, as widely. Further, the central bank lowered its growth forecast for Q4 2018 to 0.2% from 0.3%. Additionally, the bank expects inflation to fall below 2.0% in coming months due to lower oil prices. Moreover, policymakers warned that uncertainties surrounding Brexit are posing risks to the country’s growth outlook.

    Overnight data showed that UK’s Gfk consumer confidence fell to a 5.5-year low level of -14.0 in December, at par with market expectations and following a reading of -13.0 in the previous month. Additionally, the Lloyds business barometer eased to a level of 17.0% in December, compared to a level of 24.0 % in the preceding month.

    In technical analysis, COZFX strategist Nigel Boynton said: GBP/USD is expected to find support at 1.2612 and a fall through could take it to the next support level of 1.2570; Meanwhile, the pair is expected to find its first resistance at 1.2702, and a rise through could take it to the next resistance level of 1.2750.

    Looking forward, traders would await UK’s 3Q gross domestic product figures and public sector net borrowing for November, set to release in a few hours.


    (COZ forex UK)

  9. #139
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Canada’s gross domestic product climbed at its strongest pace in 5-months in October

    COZforex: For the past trading session, the USD rose 0.69% against the CAD and closed at 1.3595 on Friday.

    Data indicated that Canada’s gross domestic product rebounded 0.3% on a monthly basis in October, rising at its fastest pace in 5-months and supported by gains in manufacturing sector. In the prior month, GDP had recorded a decline of 0.1%. Moreover, the nation’s retail sales advanced 0.3% on a monthly basis in October, compared to a revised rise of 0.1% in the previous month. Market participants had anticipated retail sales to climb 0.5%.

    In the Asian session (at GMT0400), the pair is trading at 1.3571, with the USD trading 0.18% lower against the CAD from Friday’s close.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: USD/CAD is expected to find support at 1.3509 and a fall through could take it to the next support level of 1.3448; Meanwhile, the pair is expected to find its first resistance at 1.3616, and a rise through could take it to the next resistance level of 1.3662.

    Amid lack of economic releases in Canada today, traders would focus on global macroeconomic events 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)

  10. #140
    Silver Member Array
    Join Date
    Nov 2016
    Posts
    154
    Thanks
    0
    Thanked 3 Times in 3 Posts
    COZfx: Crude oil trading higher, ahead of EIA’s weekly crude oil inventories data and Baker Hughes weekly rig count

    COZforex: For the past trading session, Crude Oil rose 2.58% against the USD and closed at USD46.91 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories fell by 4.5 million barrels to 443.7 million barrels in the week ended 28 December.

    In the Asian session (at GMT0400), the pair is trading at 47.16, with oil trading 0.53% 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 45.84 and a fall through could take it to the next support level of 44.53; Meanwhile, the pair is expected to find its first resistance at 47.98, and a rise through could take it to the next resistance level of 48.81.

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


    (COZ forex UK)

Page 14 of 16 FirstFirst ... 41213141516 LastLast

Similar Threads

  1. Daily Market Analysis by Vinson Financials
    By VinsonFinancialsFX in forum Technical Analysis
    Replies: 93
    Last Post: 12-28-2015, 08:55 AM
  2. Daily Market Analysis by FxGrow
    By FxGrow Support in forum Fundamental Analysis
    Replies: 75
    Last Post: 09-29-2015, 07:21 AM
  3. FXHFT - Daily Market Analysis
    By FXHFT in forum Technical Analysis
    Replies: 2
    Last Post: 03-10-2015, 09:30 AM
  4. Daily Market Analysis - IMFutures
    By imfutures in forum Technical Analysis
    Replies: 0
    Last Post: 10-03-2013, 03:18 AM
  5. Ikon's Daily Market Analysis
    By Ajawed in forum Technical Analysis
    Replies: 3
    Last Post: 12-04-2012, 08:59 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
  •