NewForex — Forex news (daily)

[Anna Mon]

Allow me to present to the distinguished community the Forex news by NewForex company. In this thread I will post daily news about the Forex market.

[Anna Mon]

Forex News from New Forex: The US dollar gains ground against the yen

In the trading on Monday, March 28, the US dollar rises against the yen, investors are in the expectation of the economic news from the US. The pair dollar/yen advanced 0.42% to 113.59. The greenback climbed after the Friday report, the GDP of the country surged 1.4% in the fourth quarter, although economists forecast only a 1% rise. The interest rate hike seems highly possible next month which will make the US currency more attractive for investors.

The Australian and the New Zealand dollar added 0.36% and 0.33% against the buck. The dollar index is currently at 96.42, a high since March 16.

Asian markets moved in mixed ways today, the weak yen contributed to the rise of Japanese shares. The Nikkei picked up 0.77%, the Topix jumped 1.16%. Chinese markets closed with a decline, the Shanghai Composite tumbled 0.72%, the Shenzhen Composite shed 0.55%. The Chinese yuan is flat against the greenback at 6.5143.



NewForex Analyst

David Fineberg

[Anna Mon]

Forex News from New Forex: The US dollar in wait for Jannet Yellen’s speech

In the trading on Tuesday, March 29, the US dollar moves in mixed ways against the main currencies, investors are in the expectation of subtle hints about the interest rate hike in the speech of the Fed’s chair Jannet Yellen.

The pair euro/dollar surged 0.17% to 1.1212. However, the greenback managed to advance 0.18% versus the yen. The easing of the yen is connected with the announcement of Japanese Prime Minister Shinzo Abe who plans to increase sales tax next month. Economists supposed that Abe would decide to put off the tax hike as it might slow down the recovery of the Japanese economy.

The Australian dollar edged down to 0.33% to 0.7520 against the US dollar, the kiwi picked up 0.48% to 0.6751.

Currently the dollar index slid 0.11% to 95.89.



NewForex Analyst

David Fineberg

[Anna Mon]

Forex News from New Forex: The Aussie and the kiwi gain against the US dollar

On Wednesday, March 30, the Australian and the New Zealand dollar advance against the greenback after the speech of the Fed’s Chair Jannet Yellen. Forecasts of the nearest interest hike have considerably decreased. According to the Fed’s Сhair, cautious economic politics should be carried out in the nearest future due to possible external risks such as low oil prices and slowdown of the global growth.

The pair AUD/USD surged 0.49% to 0.7664. Kiwi/dollar added 1.18% to 0.6925, a high since December 29. The rise of the New Zealand dollar is due to the increase of building consents by 10.8% in February after a 7.8% fall in January.

The Canadian dollar climbed 0.35% versus the buck to 1.3023. Commodity currencies gained support amidst the rise of oil prices. Crude oil futures with the delivery in May jumped 1.83% to $38.98 a barrel.

The dollar index tumbled 0.24% to 94.94, a low since March 18.



NewForex Analyst

Michael Butnitsky

[Anna Mon]

Forex News from New Forex: The pound declines against the dollar and the euro
In the trading on Friday, April 1, the pound sterling slumps versus the greenback after the release of manufacturing data in the United Kingdom. The manufacturing PMI climbed from 50.8 in February to 51.0 last month, although most experts forecast the increase to 51.2. Gross domestic product of the UK jumped 0.6% in the fourth quarter of 2015. The UK’s economy edged down 2.1% year-on-year which is above the forecast at 1.9%.

The sentiment around the US currency is quite unsteady now due to the expectation of Friday payrolls and unemployment figures. On March 31 it was reported that the number of people applying for unemployment benefits rose by 11,000 last week to 276,000.

The pound sterling plummets against the single currency, the pair euro/pound surged 0.61% to 0.7968.



NewForex Analyst

David Fineberg

[Anna Mon]

Forex News from New Forex: Fall of the producer price index in Eurozone

A fall of producer prices in Eurozone outstripped forecasts of market participants. In February the producer price index slumped 0.7%, in January the negative dynamics was seen as well but the decrease was only −1.1%. Year-on-year the index lost 4.2% in February. The unemployment level stands at 10.3% for the same period. Energy prices dropped 2.1% in February.

European markets demonstrate positive dynamics in spite of the uneasy market. The UK’s index FTSE surged 0.62%, the German DAX rose 0.99%, the French CAC 40 edged up 1.01%. The pan-European STOXX 600 climbed 0.7%.

The US market is likely to open with an uptrend being in the anticipation of the speech of the Fed’s members later today. Asian markets closed in mixed ways, Japanese shares slipped amidst the rise of the yen. The Bank of Japan decision to adopt a negative interest rate generated doubts as it does not guarantee a takeoff of the inflation. The Chinese Hang Seng slid 1.34%, the Shanghai Composite picked up 0.17%.



NewForex Analyst

Sara Rosenstein

Forex News from New Forex: The Aussie and the kiwi lose ground against the US dollar

On Monday, April 4, the Australian and the New Zealand dollar tumble against the greenback. The release of positive data from the USA lent support to the buck.

At the moment the pair AUD/USD stands at 0.7618 shedding 0.67%. Information on building permits in February was released today, figures jumped 3.1% showing better results than expected. In January a 6.6% decline was seen. Retail sales in February kept the same level while a 0.4% rise was forecast.

The pair kiwi/dollar stands at 0.6868 edging down to 0.32%.

Meanwhile, the US dollar gains ground after the release of employment data. In March the US economy got 215 000 new working places. The unemployment level is at 5%, average hourly earnings advanced 7 cents.

The dollar index stands at 94.69 (+0.12%) which is close to a 5-month low.



NewForex Analyst

Sara Rosenstein

[Anna Mon]

Forex News from New Forex: The greenback rises against its main counterparts

The US dollar gains ground against the main currencies, the only exception is the yen as it picked up 0.80% to 110.45. The takeoff of the yen provoked a discussion among market participants regarding its further dynamics and how long the Japanese government is going to wait for the next weakening of the currency.

The euro slipped to 0.29% to 1.1356. The latest data shows that the service sector activity decreased in Eurozone. The PMI in the service sector edged down from 53.3 in February to 53.1 March.

The US dollar advanced 0.36% against the pound. Meanwhile, the PMI in the service sector climbed in the UK from 52.7 in February to 53.7 in March.

The Aussie and the kiwi slid 0.72% and 0.88% respectively. Today the Reserve Bank of Australia decided to leave the interest rate unchanged at 2% but gave a hint that it might be cut soon.

The dollar index rose 0.14% to 94.72 which is close to a 5-month low.



NewForex Analyst

Sara Rosenstein

Forex News from New Forex: Oil keeps losing ground

Oil continues declining in the trading on Tuesday, April 5, hitting a 4-week low amidst the debates about freezing oil prices. On the ICE Futures Exchange in London Brent oil with the delivery in June dropped to an intraday low at $37.36 per barrel. On Monday oil futures shed 98 cents or 2.53%.

OPEC members and non-OPEC representatives agreed to meet in Qatar on April 17 to discuss freezing of oil prices. However, it is still unclear who exactly will come to this meeting.

Saudi Deputy Crown Prince Mohammed bin Salman claimed last week that the Kingdom is not going to rein in oil production if Iran and other important oil-producers don’t join this decision. Iran said that it is not going to freeze oil prices until its export reaches a pre-sanction level.

Crude oil in New York slid 20 cents or 0.55% to $35.50 per barrel. Last week US oil reserves increased by 3.3 mln. barrels.



NewForex Analyst

Sara Rosenstein

[Anna Mon]

Forex News from New Forex: The US dollar advances against the Australian and the New Zealand dollar

The Australian and the New Zealand dollar decline against the US currency in the trading on Wednesday, April 6. The greenback rises after upbeat data on non-manufacturing PMI index, the figures climbed from 53.4 in February to 54.5 last month. The currency pair AUD/USD lost 0.08% and stands at 0.7538. However, the rise was capped by the extension of the trading deficit from $45.88 in January to $47.06 in February. Investors are in the expectation of the Fed’s report later today.

The pair kiwi/dollar shed 0.35% to 0.6779. The dollar index jumped 0.32% to 94.91.

The US dollar reached a 17-month low against the yen after the announcement of Japan’s Prime-Minister Shinzo Abe today, he claimed that the government does not plan to restrain the growth of the yen. Currently the pair dollar/yen rose 0.13% to 110.44. The yen hit a 2-week high versus the single currency, the pair euro/yen stands at 125.35 (-0.19%).



NewForex Analyst

David Fineberg

Forex News from New Forex: Gold tumbles in the expectation of the Fed’s report

In European tradings on Wednesday, April 6, gold futures decrease in the anticipation of the Fed’s report later today. Market participants hope to see some hints of the interest rate increase this year. In March the words of the Fed’s Chair Jannet Yellen about cautious steps before the interest rate hike encouraged the growth of gold prices.

Gold with the delivery in June lost $2.40 or 0.2% to $1,227.20 a troy ounce on the Mercantile Exchange in New York. Yesterday positive dynamics was observed in the market, the yellow metal managed to surge $10.30 or 0,84%.

Gold spot shed 0,7% to $1,221.96 a troy ounce. Holdings in the largest EFT-fund New York-listed SPDR Gold Shares decreased by 0.28 tonnes to 815.44 tonnes yesterday.

In the trading in London silver futures with the delivery in May slipped to 3.1 cents or 0.21% to $15.08 a troy ounce.



NewForex Analyst

David Fineberg

[Anna Mon]

Forex News from New Forex: Oil prices soar

On Thursday, April 7, oil prices rise after the decrease of oil stockpiles in the US for the first time in two months. Crude oil with the delivery in May hit an intraday high at $38.29 a barrel on the Mercantile Exchange in New York, a high since April 1. Yesterday black gold gained $1.86 or 5.18%. Oil inventories in the USA dropped by 4.9 mln. barrels to 529.9 mln. barrals.

On the ICE Futures Exchange in London Brent oil with the delivery in June picked up 8 cents or 0.2% to $39.92 a barrel. On Wednesday, April 6, Brent futures gained $1.97 or 5.2%.

Kuwait’s OPEC governor Nawal Al-Fuzaia stated that all signals indicate that the meeting of OPEC and non-OPEC members might lead to the agreement about the freezing of oil prices at the level of February. Earlier Saudi Arabia, Qatar, Russia and Venezuela suggested freezing prices at the level of January.



NewForex Analyst

Luigi Campo

Forex News from New Forex: The dollar keeps losing against the yen

The US dollar trades in mixed ways against its counterparts on Thursday after the release of the Fed’s reports. The pair dollar/yen shed 1.31% to 108.32 hitting a 17-month low. According to the report of the Federal Reserve, the central bank will not increase the interest rate until June due to worries over the slowdown of the global economic growth.

The euro/dollar stands at 1.1384 (-0,11%). On April 7 the vice-president of the European Central Bank stated that Eurozone authorities intend to do everything possible to stabilize prices. European markets show negative dynamics before the release of the ECB’s report. The pan-European STOXX 600 shed 0.4%. The UK’s FTSE picked up 0.02%, the German DAX slid 0.16%, the French CAC 40 slipped to 0.24%.

The greenback advances 0.33% against the pound sterling to 1.4069, dollar/franc stands flat at 0.9558. The Australian and the New Zealand dollar edged down to 0.62% and 0.23% respectively. The buck surged 0.15% to 1.3102 versus the loonie.

Currently the dollar index slipped to 0.06% to 94.44.



NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: The pound sterling gains against the greenback and the euro

On Friday, April 8, the growth of the pound sterling was capped after the release of negative economic data in the United Kingdom. The pair pound/sterling advanced 0.19% to 1.4077. The immediate level of support is seen at 1.4004 (a low of April 6), the level of resistance is seen at 1.4280 (a high of April 5).

Manufacturing production slipped to 1.1% in February. Year-on-year the fall is 1.8% for the same period. Industrial production edged down to 0.3% in February instead of the expected 0.1% increase. Trading deficit of the UK slid from £12.16 billion in January to £11.96 billion in February.

The pound sterling surged 0.16% against the euro to 0.808.



NewForex Analyst

David Fineberg