EUR/USD Technical Analysis: September 7 2016

The report of the Non-Manufacturing PMI established a slowdown result which also weakened the US dollar and lowered its monthly performance.

During the Asian and Europe session held yesterday the pair existed in the pressured area near the level of 1.1130.

EURUSD interrupted the 1.1200 level then headed in the level of 1.1270. The pair also receded the moving averages 50,100 and 200 furthermore shifted toward the north direction. The resistance approached the 1.270 level whereas the level of support is set at 1.1200.

MACD indicated a softened position of the sellers. RSI moves closer to the overbought condition.

USD/CAD Technical Analysis: September 8 2016

The dollar made some withdrawal since the Fed had an increase despite that the market is experiencing a very high risk. The growth in the price of oil affected the CAD positively. Investors on the other hand are looking forward for the result of BOC meeting.

The period of indecision of the pair intervenes between 1.2824 - 1.2864. The sentiment of USD CAD is identified to be neutral. The moving averages of the pair maintained a bearish position.

The 50-EMA crosses the 100 and 200 EMAS as seen in the hourly chart. The level of resistance marked the 1.2900 and the current support approached the 1.2800 level.
MACD demonstrated the same position that strengthened the sellers otherwise the  RSI is moving towards the negative zone.

The pair is recommended to surge with a resistance level of 1.2900 though there is a tendency to make a reversal and restore a lower position, seller should work for a price increase heading to 1.2800.

Fundamental Analysis for USD/CAD: September 13, 2016

    The USD/CAD increased by 28 points after a decrease in oil prices caused by a positive US production data and an easing in gold prices. The Canadian dollar is currently trading at 1.3077 points after an increase in international commodity prices, with the USD rallying on Friday after speculations that the Fed might consider an increase in its interest rates within the month.

    The USD is increasing in relation to the CAD after a relatively positive US jobless claims data and negative Canadian building permits report data. According to the US Department of Labor, the jobless claims data up until September 3 decreased by 4,000, going down from 263,000 to 259,000. However, market analysts are still expecting the jobless claims data to go up by 2,000 within the week.

    Canadian building permits data meanwhile went up by 0.8% in July, exceeding initial expectations for an increase of only 0.3%. The housing price index data also saw an improvement, rising to 0.4% from last month’s 0.1%, while the annual score also increased 2.5% to 2.8%. Investors are refraining from buying into the CAD due to the appeal of other riskier currencies.

Fundamental Analysis for NZD/USD: September 14, 2016

    The NZD/USD pair went lower during the last trading session, going down 12 points to trade at 0.7341 in the light of an impending interest rate increase by the Fed and confusions brought about by a decision from the Bank of Japan. On the other hand, China’s industrial production data went well above the expected range but did not seem to bring much support to the commodity currency. The Chinese industrial data increased by 6.3% in August as compared to last year, while retail sales data also exceeded expectations from market speculators.

    Traders are now monitoring data from New Zealand, with the account balance due on Wednesday, economic data results scheduled to come out on Thursday, and the results of the consumer confidence survey set to be released on Friday. The NZD was also supported by an increase in food prices, which can cause inflation rates to ease a little bit. Bond prices from New Zealand also decreased, with yield points at 1.5 basis points, going higher towards the end of the yield curve.

Fundamental Analysis for EUR/GBP: September 15, 2016

    The EUR weakened while the GBP further increased, causing the EUR/GBP pair to trade at 8.499 points, going down at .0003 or -0.035%. The pair movement has caused a technical reversal top, which signals that investor sentiments are about to drop. Eurostat has also reported on Wednesday’s economic news that the industrial production data decreased by 1.1% in June, with a 0.8% increase in May.

    On the other hand, the UK employment data is showing a resiliency in the UK jobs market, even after the Brexit vote. The Office of National Statistics has reported an increase in employment rates, going up by 174,000 to 31.77 million in just three months since July. These employment rates are the highest in 40 years, with the increase in the number going above the expected range by economists. The unemployment rates also remained at a stagnant range of 4.9% in July. Meanwhile, the number of people claiming unemployment benefits went up by 2,400 to 771,000 last August.

    However, wage growth data also experienced a gradual slowdown, causing economists and speculators to have unsteady opinions with the set of data released. However, this strengthening of British employment and jobs data may cause the Bank of England to pay less attention to interest rates and maintain its current stimulus once the bank announces it decisions regarding monetary policies on Thursday.

Fundamental Analysis for USD/JPY: September 16, 2016

    The USD/JPY pair dropped 14 points to trade at 102.29 points, well within its recent trading range of between 101.90 and 102.50. The strength of the USD was offset by an impending meeting of the Bank of Japan next week, as well as a renewed demand for the safe haven currency. According to the Wall Street Journal, the Japanese subzero-rates policy had a significant impact in putting downward pressure on interest rates.

    There are also signs that the BoJ will be attempting to sharpen its yield curve by increasing long-term rates and suppressing short-term rates. The Bank of Japan has already purchased more short-term government bonds, shifted its bonds and is currently buying lesser bonds. The percentage of long-term bonds went up by half of a percentage since July. However, in spite of the steepening of the Japanese yield curve, the difference between 10-year bonds and 2-year bonds is still half of its value before the effect of negative rates.

    Japanese government bonds had their worst selloff in 20 years, especially since the BoJ will be planning to implement adjustments on the maturity range, causing yields to rise on longer-duration bonds.

GBP/USD Technical Analysis: September 19 2016

The issue about the next cut rate of the BoE resulted the pound to hover within the pressured area. According to BoE, the cut rate will aid the improvement of the country's economy.

The sterling and dollar recorded a negative balance on Friday. Bearish investors were able to steer the market. GPB/USD had lose its winning track and crossed the 1.3200 level and hit the level of 1.3100 during the closed out trade. The pair as presented in the 4-hour lies below the 50, 100 and 200 EMAs. The overall direction moving averages 50, 100 and 200 are descending.

The resistance of the pair is 1.3100,the support is identified at 1.3000. MACD indicated a negative downtrend and remained at its current level which affirmed the seller's strength. RSI represented an oversold condition.

Fundamental Analysis for USD/JPY: September 21, 2016

    The USD/JPY pair went down by 0.169 0r -0.17% to trade at 101.744 points. The US dollar is currently in a tight trading range against the JPY during the last trading session as various market players are waiting for the Bank of Japan’s announcement regarding its monetary policies, as well as the Federal Reserve’s announcement on Tuesday.

    The USD/JPY slightly weakened after the release of the US housing data, which turned out to be a disappointment for traders and investors. The housing data came out at a yearly rate of 1.14 million units last August, going way below the expected range of 1.19 million units. Construction permits also dropped by 0.4% to go down at 1.14 million units in August.

    Speculators are saying that the Bank of Japan would have to implement programs with significant monetary policy easing and interest rate cuts in order to further weaken the JPY in the long-term frame. The Federal Reserve must also release a hawkish statement which can indicate a possible rate hike in December. The USD/JPY is also expected to appreciate especially if the BoJ releases a more aggressive monetary strategy combined with an expected 12% interest rate raise by the Fed prior to the central bank’s announcement. However, if the Fed remains cautious on its policies and refuses to raise its rates, then the USD might weaken and the BoJ would be unable to decrease the value of the Japanese currency.

GBP/USD Fundamental Analysis: September 22 2016

The activity of GBPUSD yesterday resulted the pair to be considered as volatile currency pair in the market.The pound and dollar trades in a tight range with a firm support set in the level of 1.2950. The resistance level maintained 1.3000 even after the Fed announcement regarding the retain the price of current rates, however, they did not issued a specific date for the rate hike.

The vague announcement from Fed rendered an uncertain state of volatility and subsequent to this statement, other pair related to USD have been affected also. The concerned pairs concluded a moderate upward trend followed by the GBPUSD as well.

The USD established a weak position because the market were a little disappointed since Fed did not presented anything hawkish. The pair fluctuated with a resistance level of 1.300 but the movement continued on an advanced level of 1.3035.
In view of the instability of the USD that is expected to prevail until the succeeding session but with a conforming and secure target ranges from 1.3140 to 1.3170.

EUR/USD Fundamental Analysis: September 23 2016

The EUR/USD persist an upward grind movement since the trading day yesterday. The said activity started subsequent to the FOMC's announcement.

Bearish investors tried to pass through the support level of 1.1145 but failed to accomplish their plan. When the announcement were already made, bullish investors are able to manage the price actions that moved in an ascending manner. They are capable to broke the yesterday's forecast with a level of 1.1250.

The European market look forward for the announcement of the ECB president, Mr. Mario Draghi regarding the Euro economy. This is why the economy had experienced a price delay in selling. Consequent to the major announcements made by the BoJ, Fed and other central banks, Draghi did not disclose any special information because he does not want to aggravate them.

After the grind and FOMC statement, the USD moderately increased and started to acquire strength together with the its related pairs. This development negatively affected the Euro and demonstrated a decreasing grind that last in one night.

The grind of EUR gained a support towards 1.1200. In case that the dollar stick on its actions, the EURUSD has the tendency to draw back a main support in the 1.1200 level.

Fundamental Analysis USD/JPY: September 26, 2016

    Investors in the Japanese yen were disappointed with the Bank of Japan’s plans to reexamine its monetary policies. The reaction to the central bank’s announcement caused an initial double-sided volatility. Investors have since decided that this particular decision will have no bearing on the economy and on the Japanese currency.

    The BoJ’s announcement caused the JPY to increase significantly on September 21, but the USD had already started bouncing back by September 23. The USD/JPY closed Friday’s trading session at 100.971 points, going up by 0.211 points or +0.21%. The pair however still closed the week lower by 1.26%.

    The USD/JPY pair was also further weakened by the Fed’s interest rate and monetary policy statement, which turned out to be less hawkish than expected. The Federal Reserve did not increase its interest rates this month, but there is still a possibility of an interest rate hike in December.

    The USD experienced a downward pressure.due to the Fed’s lowered expectations and the decreased possibility of future rate hikes, which can lead to a lowered appreciation of the USD since the central bank’s decision indicates a slow-moving US economy.

Technical Analysis for USD/CAD: September 26, 2016

    The USD/CAD pair went down slightly last week, plummeting at 1.30 points. The currency pair then bounced back from the support barrier, and if the pair goes above the hammer formed then this would mean a very bullish sign for the USD/CAD, and the market would be able to go over the 1.35 trading range.

    The oil market is wielding its influence over the financial market, especially since the CAD has become a proxy currency for commodity traders. However, the oil market in general does not look very promising, and speculators are stating that it is only a matter of time before oil prices would take a turn for the worst. This might cause the USD to increase in relation to the CAD in the long-run.

    The market is generally expected to go above the 1.35-point level. However, investors are not expected this to occur anytime soon. Pullback levels might be able to offer some measure of projected value and support, given that the market stays above the 1.30 trading range. Buyers are expected to always return to the commodities market, and an upward pressure for the currency market is now felt especially for the possible breakout which could happen at any point now that the volume has returned to the foreign exchange market.