Atlas CapitalFx Posted April 4, 2016 Author Report Share Posted April 4, 2016 MORE ON ACFXblog.com        MARKET BRIEFING – LONDON OPEN 04.04.2016       Last week ended with highly anticipated Jobs report from the United States. The data, consisting of the Average Hourly Earnings, Unemployment Rate, and Non-Farm Employment Change releases, gives a complete picture of the state of the United States employment market. The Non-Farm Payroll release, representing a change in the number of employed people during the previous month apart from farming industry, has positively surprised investors with growth to 215.000 working places compared to 206.000 expected. The number has however declined in parallel with the March results of 245.000. The next component of the Jobs report, presented to the markets by the Average Hourly Earnings, also did well as it showed an upturn of 0.3%. Keeping in mind that the previous month results were -0.1%, and market consensus expected just 0.2% number, this outcome was quite outstanding. The Unemployment rate announcement, however, calmed down the excitement, revealing a rise to 5.0%, which was the first expansion since the June last year. That could probably explain that the US dollar stayed unaffected to usually such a significant release, with the US dollar index remaining to trade around 94.50 mark, being its five-month low. Proceeding to this trading week, it began with the news from Australia. Here, the monthly building approvals number has indicated a significant rise to 3.1% from -6.6% of the March outcome. The retail sales dropped to from 0.3% to 0.0% this month. The AUDUSD nevertheless remained trading at its nine-month high. Later on, at 9:30 am London time the UK monthly Construction PMI data will come into the spotlight. The indicator of the economic health of the construction industry, this time, is expected to increase slightly to 54.3, up from 54.2 of last time. The number higher than forecasted could likely give support to the weakening British Pound.       EURUSD http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/EURUSDM3004042016.png The intraday technical outlook Trend 1 hour: Up Target 1: 1.1455 Target 2: 1.1330 Projected range in ATR’s: 0.0084 Daily control level: 1.1330   GBPUSD http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/GBPUSDM3004042016.png The intraday technical outlook Trend 1 hour: Down Target 1: 1.4365 Target 2: 1.4075 Projected range in ATR’s: 0.0146 Daily control level: 1.4425    USDJPY http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDJPYM3004042016.png  The intraday technical outlook Trend 1 hour: Down Target 1: 112.50 Target 2: 110.65 Projected range in ATR’s: 0.95 Daily control level: 112.70     USDCHF  http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDCHFM3004042016.png The intraday technical outlook Trend 1 hour: Down Target 1: 0.9640 Target 2: 0.9495 Projected range in ATR’s: 0.0073 Daily control level: 0.9665   USDCAD http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDCADM3004042016.png  The intraday technical outlook Trend 1 hour: Up Target 1: 1.3175 Target 2: 1.2890 Projected range in ATR’s: 0.0142 Daily control level: 1.2850   AUDUSD http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/AUDUSDM3004042016.png The intraday technical outlook Trend 1 hour: Down Target 1: 0.7760 Target 2: 0.7575 Projected range in ATR’s: 0.0092 Daily control level: 0.7725     GOLD http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/GOLDM3004042016.png The intraday technical outlook Trend 1 hour: Down Target 1: 1252.00 Target 2: 1212.00 Projected range in ATR’s: 19.74 Daily control level: 1222.00     OIL http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/CLK6M3004042016.png The intraday technical outlook Trend 1 hour: Down Target 1: 38.00 Target 2: 35.00 Projected range in ATR’s: 1.44 Daily control level: 39.00       MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 5, 2016 Author Report Share Posted April 5, 2016 MORE ON ACFXblog.com         MARKET BRIEFING – TECHNICAL ANALYSIS 05.04.2016      EURUSD http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/EURUSDM3005042016NY.png  The intraday technical outlook This morning’s trading saw EURUSD test the 1.1355 line of control. A penetration of the 1.1375 level would correspond to a breach of the last isolated high of this morning’s session. Such an event could see EURUSD test the Daily Pivot (1.1385) and R1 (1.1414). Alternatively, a sustained breached of the 1.1355 level could see EURUSD test S2 (1.1330)     GBPUSD http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/GBPUSDM3005042016ny.png  The intraday technical outlook This morning GBPUSD broke down from its Daily Pivot (1.4258) and the 1.4250 support level. The price continued its downward course and is now testing S1 (1.4195). A continuation of the move lower could see GBPUSD test a prior weekly support level (1.4150) and S2 (1.4127). Alternatively, a failure to sustain a move below S1 could see GBPUSD trade back up to the Daily Pivot.       USDJPY  http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDJPYM3005042016ny.png  The intraday technical outlook USDJPY has traded lower for most of the day. However, a bounce has occurred off S3 (110.31). A continuation of the correction could see USDJPY trade through both S2 (110.69) and S1 (111.00). Alternatively, a resumption of the downtrend could see S3 retested.    USDCHF http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDCHFM3005042016ny.png The intraday technical outlook This morning, USDCHF has traded within a small range around the Daily Pivot (0.9588). A breach of R1 (0.9609) or S1 (0.9562) could offer some guidance on the afternoon direction in prices.     USDCAD http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDCADM3005042016ny.png  The intraday technical outlook USDCAD has experienced a strong up-day that has brought the price action to touching distance of R3 (1.3200). A continuation of the move higher, however, could run out of upside momentum as the price action has come close to exhausting the upper limit of its average true range (1.3210).     AUDUSD  http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/05042016ny.png  The intraday technical outlook AUDUSD has experienced a volatile session with the price action initially testing S1 (0.7575) and then the Daily Pivot (0.7626). The Daily Pivot, however, was rejected, and this led to a freefall in AUDUSD that sent the price action crashing through S2 (0.7546). A continuation of the move lower, however, could run out of downside momentum as the price action tests the lower level of today’s average true range (0.7515)     GOLD http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/GOLDM3005042016ny-1.png   The intraday technical outlook Gold this morning has broken higher as the price action has reversed its three day’s down trend. Having slashed through R1, R2 and R3 Gold is now testing the upper ATR boundary of 1235.00.        OIL http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/CLK6M3005042016ny-1.png  The intraday technical outlook Oil has experienced a quiet day as the price action trades at the bottom of a recent downtrend. A breach of the Daily Pivot (36.00) or S1 (34.84) could offer guidance on the afternoon direction in prices.        MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 6, 2016 Author Report Share Posted April 6, 2016 MORE ON ACFXblog.com          MARKET BRIEFING – LONDON OPEN 06.04.2016       Today at 19:00 pm London time the FOMC minutes for the last meeting will be published. The release could likely put a further downward pressure on the US currency. The US Dollar continues to decline as the Federal Reserve’s earlier promises were not matched to the actions. The last FOMC meeting held in March also disappointed investors after it decided to take a significantly more dovish stance than the one it undertook in December. At the last speech, the Fed chairwoman underlined the caution with changes to the monetary policy being considered. The patient approach pushed the dollar downwards, with its index is now trading below 95.00 level, being its five-month low. The earlier promised four rate hikes in 2016 are now changed to a mere two, and even these are not guaranteed. As the CME Fed Watch Tool shows, the chances that the Fed will increase interest rates in September are around 40% at the moment. Furthermore, investors give just 18% a chance to the hawkish actions of the Fed in June and 57% in December. Nevertheless, keeping in mind the last speech of Janet Yellen, the future policy will be much more accommodative to the state of the domestic economy, which is represented by the inflation rate and jobs market. The global circumstances will also continue to be observed. At the moment, the cheap dollar could actually be of a benefit to the US economy as the local production will be supported. Also, that is the way to keep the cost of the domestic debt at affordable levels, which is imperative to the world’s largest economy.     EURUSD http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/EURUSDM3006042016.png  The intraday technical outlook Trend 1 hour: Down Target 1: 1.1450 Target 2: 1.1310 Projected range in ATR’s: 0.0070 Daily control level: 1.1400    GBPUSD http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/GBPUSDM3006042016.png  The intraday technical outlook Trend 1 hour: Down Target 1: 1.4290 Target 2: 1.4030 Projected range in ATR’s: 0.0131 Daily control level: 1.4320    USDJPY http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDJPYM3006042016.png  The intraday technical outlook Trend 1 hour: Down Target 1: 111.15 Target 2: 109.50 Projected range in ATR’s: 0.82 Daily control level: 111.75    USDCHF http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDCHFM3006042016-1.png  The intraday technical outlook Trend 1 hour: Down Target 1: 0.9615 Target 2: 0.9500 Projected range in ATR’s: 0.0059 Daily control level: 0.9605    USDCAD http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDCADM3006042016.png  The intraday technical outlook Trend 1 hour: Up Target 1: 1.3255 Target 2: 1.3015 Projected range in ATR’s: 0.0122 Daily control level: 1.2995     AUDUSD http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/AUDUSDM3006042016.png  The intraday technical outlook Trend 1 hour: Down Target 1: 0.7625 Target 2: 0.7455 Projected range in ATR’s: 0.0085 Daily control level: 0.7725    GOLD http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/GOLDM3006042016.png  The intraday technical outlook Trend 1 hour: Up Target 1: 1250.00 Target 2: 1213.00 Projected range in ATR’s: 18.21 Daily control level: 1214.00     OIL http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/CLK6M3006042016-1.png  The intraday technical outlook Trend 1 hour: Down Target 1: 38.00 Target 2: 35.00 Projected range in ATR’s: 1.43 Daily control level: 37.25        MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 7, 2016 Author Report Share Posted April 7, 2016 MORE ON ACFXblog.com          MARKET BRIEFING – LONDON OPEN 07.04.2016          EURUSD http://i2.wp.com/academy.acfx.com/wp-content/uploads/2016/04/EURUSDM300704.png The intraday technical outlook Trend 1 hour: Up Daily Pivot : 1.1384 S1 : 1.1338 S2 : 1.1279 S3 : 1.1233 R1 : 1.1443 R2 : 1.1489 R3 : 1.1548     GBPUSD http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/GBPUSDM3007042016.png  The intraday technical outlook Trend 1 hour: Down Daily Pivot : 1.4099 S1 : 1.4027 S2 : 1.3933 S3 : 1.3862 R1 : 1.4193 R2 : 1.4264 R3 : 1.4358    USDJPY  http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDJPYM300704.png  The intraday technical outlook Trend 1 hour: Down Daily Pivot : 109.90 S1 : 109.18 S2 : 108.59 S3 : 107.86 R1 : 110.49 R2 : 111.22 R3 : 111.81     USDCHF  http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDCHFM300704.png  The intraday technical outlook Trend 1 hour: Down Daily Pivot : 0.9569 S1 : 0.9517 S2 : 0.9477 S3 : 0.9425 R1 : 0.9609 R2 : 0.9661 R3 : 0.9701      USDCAD  http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/USDCADM300704.png  The intraday technical outlook Trend 1 hour: Down Daily Pivot : 1.3111 S1 : 1.3037 S2 : 1.2987 S3 : 1.2912 R1 : 1.3161 R2 : 1.3236 R3 : 1.3286      AUDUSD http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/AUDUSDM300704.png  The intraday technical outlook Trend 1 hour: Down Daily Pivot : 0.7583 S1 : 0.7547 S2 : 0.7496 S3 : 0.7460 R1 : 0.7634 R2 : 0.7669 R3 : 0.7720       GOLD http://i1.wp.com/academy.acfx.com/wp-content/uploads/2016/04/GOLDM300704.png  The intraday technical outlook Trend 1 hour: Up Daily Pivot : 1223.00 S1 : 1215.00 S2 : 1208.00 S3 : 1200.00 R1 : 1230.00 R2 : 1239.00 R3 : 1245.00     OIL  http://i0.wp.com/academy.acfx.com/wp-content/uploads/2016/04/CLK6M300704.png The intraday technical outlook Trend 1 hour: Up Daily Pivot : 37.32 S1 : 36.78 S2 : 35.87 S3 : 35.33 R1 : 38.23 R2 : 38.77 R3 : 39.68       MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
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