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Re: Analysis from a European broker Forex.ee

Issue №27 from 13/12/2014

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The European macro statistics has disappointed traders. The France consumer price index fell by 0.2% in November against the growth expectations by 0.2%, the Italy industrial production decreased by 0.1% in October against the growth expectations by 0.3%. The second LTRO round was neutral-negative: against the demand expectations for soft loans in the amount of 150 billion euro, the requests volume was in the amount of 129.8 billion euro. Formally, it is believed that the LTRO reduced demand will force ECB to start the corporate repayment and government bonds "somewhat sooner than later."


http://savepic.su/4575185.png

Trading recommendations

The importance of the 25th figure for euro/dollar is obvious as all attempts to overcome it are unsuccessful. This level continues to attract interest for sale, so the day before the pair fell to the support around 1.2370 that increases risks for a decrease to the 23rd figure. The pair euro/dollar needs to stay above ongoing support for the growth resumption and the next 25th figure breakthrough.


Pound

The pound continues to strengthen despite the fact that the US positive macroeconomic statistics supported the US dollar growth. In general, the dollar has all chances to continue its growth. In 2015, the expected interest rates increase in the US that will have a positive impact on the US dollar. The pair continues to trade with the positive mood and it requires the UK positive news for the continued growth.

http://savepic.su/4576209.png

Trading recommendations

The pair was able to rebound from the support around 1.5670 and rise up to 1.5740, breaking through the resistance around 1.5710. Now this level provides a support and its loss will lead to a decrease down to 1.5670. The pair needs to rise up and consolidate above 1.5830 to continue its growth.


Yen

The Japanese statistics published the industrial production revised data for October, the specifying value marked improvement - an increase by 0.4% m/m and a decline by 0.8% y/y when the previous calculations showed 0.2% m/m, -1.0% y/y. As for expectations for the near future, it is likely that the pair activity ahead of Sunday holidays will fall and there will be a range trading with a tendency to continue growth.

http://savepic.su/4563921.png

Trading recommendations

The pair dollar/yen rebounded to the level of 119.90. After the rebound bears made another attempt to break through downwards. They managed to push the pair below the previous low and test the support around 117.45. The pair decrease again attracted buying interest and in result it rose up to 119.50. Then the pair consolidated around the level of 118.60. We should use the dollar decline for opening long positions, not forgetting at the same time to insure the purchase by protective orders.


Gold

The strong data and expectations regarding the policy tightening support the US dollar which strengthened during the trades last week. It is a negative factor for gold as the metal denominated in dollars and is becoming more expensive for investors using other currencies when the dollar rises.

The gold prices are near the level of $1220 per ounce under the influence of the dollar rising value, but in general, the negative dynamics are still preserved. Investment demand has grown again than supported prices. The nearest support levels in gold are 1200-1220 the resistance levels are 1240-1255.

http://savepic.su/4569041.png

Trading recommendations

The gold perspectives look positive as long as it is trading above 1200.00. At the same time, its decrease and consolidation below the mark of 1200.00 will negate the positive expectations and will confirm a new reduction round to the minimum near 1130.00.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №28 from 20/12/2014

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The Germany business confidence index has grown, still the data failed to support the euro. According to the Ifo institute, the leading index business sentiment in Germany rose to 105.5 points in December 2014 from 104.7 points the last month. These data are fully in line with economists' forecasts.

http://savepic.su/4645765.png

Trading recommendations 

The pair EUR/USD tested the target at the support around 1.2260. Here the bears’ enthusiasm decreased and the pair entered the consolidation phase, rebounding to the level of 1.2300. It is possible that the support level of 1.2200 will be the pair temporary basis where bulls will try to develop an upward correction, where the nearest target will be the resistance near 1.2260. The support level of 1.2200 breakthrough will lead to the level of 1.2150 testing.


Pound

The UK news published the public finance and the retail sales report by the Confederation of British Industry (CBI) in December. The public sector borrowing rose to 15.0 billion pounds in November against 7.7 billion pounds in October, but the necessity in cash has increased to 14.4 billion pounds after 2.6 billion pounds a month earlier. This dynamic is unlikely to please the "bulls" within the pound.

http://savepic.su/4643717.png

Trading recommendations 

After another unsuccessful support 1.5545 test, the pair GBP/USD was able to rebound from it, breaking through the resistance at the mark of 1.5600 and to rise up to the level of 1.5680. The decrease is limited by the local support around 1.5650 that allows the resistance testing at the mark of 1.5750 in the short term. The loss of 1.5500 will lead to the level of 1.5450 testing with a high probability of its breakthrough.


Yen

The Bank of Japan and the Federal Reserve politics differences will continue to strengthen the dollar against the yen. The Fed signaled that it could raise interest rates next year on Wednesday, replacing the intention to keep them close to the zero level for a "considerable period of time" with a promise to show "patience" before making a decision to raise the borrowings price.

http://savepic.su/4635525.png

Trading recommendations 

The bears within the dollar/yen tried to take over the initiative, but their attempts were unsuccessful as the support near 118.30 was able to keep their onslaught. The bids that are located here, contributed to the pair growth to 119.56. The dollar failed to grow above this level although we should not exclude the level 120.00 testing.


Gold

Gold lost ground after new data pointed to the US economic growth continuation in the next year. Gold, which does not bring any interest income, it is possible hardly compete with other assets yielding interest, when interest rates rise.

http://savepic.su/4625285.png

Trading recommendations

Gold is not yet possible to fixate above 1200.00, that slightly increases the likelihood of the decrease to the minimum 1130.00, overcoming of which will lead to the mark of 1100.00 test.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №29 from 27/12/2014

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The US economy showed a significant positive trend in the last quarter of 2014 and it is likely to keep it in the first quarter of 2015, as now the consumer takes advantages of the labor market steady state and the low fuel prices.

The euro traders monitor the political instability in Greece. There is a risk of early parliamentary elections, if the Greek Prime Minister Antonis Samaras is not able to get support with a sufficient number of voters on December 29 for the choice of the President, Stavros Dimas.

http://savepic.org/6702273.png

Trading recommendations

Today the pair euro/dollar is trading at the upper consolidation range boundary. Next, we will consider the decrease continuation for the minimum update. Another decrease target is at the level of 1.2100. Then we expect the growth to the level of 1.2150. Later we will consider a new reduction for the level completion of 1.2050.


Pound

According to the official data from the National Statistics Office, the British workers have demonstrated production increase in the third quarter of this year. Moreover, the growth rate results turned out to be the highest for more than three years.

From the Bank of England statement, it became known that the interest rates increase is unlikely possible in the short term. The indicator points out to level of salaries that began to grow with an accelerated dynamics.

http://savepic.org/6706369.png

Trading recommendations

Today the pair pound and the US dollar are trading upwards. We consider the growth wave development to the level of 1.5600. Next, we expect a decrease to the level of 1.5520. Only after the such a pattern formation, we will evaluate the structure potential for the growth continuation in the future.


Yen

According to the Japanese yen, we expect the growth continuation to 121.80 only in case of the Japanese stock market growth continuation. Despite the intensive American stock indices growth, Japanese investors have taken profits more often for the last two weeks - before every more or less important event. New Year's Eve, of course, is an important event, so the decrease risk is essential to reach the level of 119.00.

http://savepic.org/6694081.png

Trading recommendations

Today the pair yen/dollar was trading in the correction to the level of 119.80. Next, we will consider the growth to the level of 121.00. Later, we will consider the new growth to the level of 121.70.


Gold

The precious metals markets are growing up under the influence of a slightly decrease US dollar, but their activity remains low. In Shanghai, the gold price is stable and the trading volumes are low.

The gold prices rose up to the level of $1,186 per ounce under the US dollar depreciation influence and the inactive trading.

http://savepic.org/6686913.png

Trading recommendations

Today the gold is trading upwards. We consider the wave continuation development with the main target of 1250.00. Structurally to implement such a wave we will consider the first structural growth development for the level testing of 1207.50.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №30 from 10/01/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The ECB President Mario Draghi made it clear that the central bank developed incentives program can include the sovereign debt purchase. The Germany industrial orders volume fell by 2.4% in November against expectations of -0.6%, the eurozone producer price index fell by 0.3% vs. -0.2%. The Eurozone retail sales were better than expected: 0.6% vs. 0.3%, but they were not able to change all the negative factors, including political (election campaign in Greece and the terrorist attack in France).

http://savepic.org/6804881.png

Trading recommendations

The pair EUR/USD showed a new multi-year low at the level of 1.1750. At the moment, the course is trying to recover. The immediate growth target is the resistance at the level of 1.1890, then at the level of 1.1970.


Pound

According to the published statement, the BoE Monetary Policy Committee (MPC) decided to leave rates at the level of 0.5%. Also, all nine members of the Committee voted to retain the bond-buying program at the level of 375 billion pounds ($ 567 billion).

Earlier, the BoE”s head Governor Mark Carney noted that the UK inflation would soon fall below the level of 1%. In the case of such scenario, he would be forced to write an open letter to the Minister of Finance George Osborne explaining the reasons of the incident.
http://savepic.org/6773136.png

Trading recommendations

The pair GBP/USD showed the lows at the level of 1.5030 before its recovery to 1.5080. There is a further decline possibility to 1.4960. We can not exclude the growth to the resistance that is at the level of 1.5200.


Yen

The Japanese yen fell amid the renewed global stock markets growth and the corresponding demand decrease for the safe-haven assets in anticipation of the December employment report publication.
The Nomura analysts believe that the US employment report can show growth in December by 250k while the recent data suggest the largest growth.

http://savepic.org/6764944.png

Trading recommendations

The pair USD/JPY is below 120.00. Now the rate is trading at the level of 118.50. The first decrease target is at the level of 118.20 and then below the level of 117.50. If the pair manages to complete this level – the way to the round level of 117.00 will be opened. In the case of growth, it will be the first target and the resistance near 119.00. The target above will be the area of the recent peaks near 120.00.


Gold

The gold interrupted the two-day decline in the US labor market report anticipation e that is able to determine the market further movement direction in the short term.

In addition, the factor, limiting demand for gold is caused by the world stock indices growth resumption.
On average, analysts predict the gold ounce near $ 1,200 in 2015, even the most optimistic forecasts mention the $ 1,600 figure.

http://savepic.org/6763920.png

Trading recommendations

The gold is consolidating in a quite narrow price channel after Tuesday highs testing at the level of 1,223.00. The immediate growth target – the resistance is at the levels of 1,223.20 and 1,238.50.



Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №31 from 17/01/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

This week main event was the Swiss National Bank refusal from the fixed rate of 1.20 against the euro. After the Swiss Central Bank statement the franc increased by 30% against the euro and the dollar. The SNB refused not only of the fixed exchange rate, but it also lowered even more the negative rate - from -0.25% to -0.75%. The SNB thus prepared for the ECB massive QE that would be announced on January 22 in order to avoid the euro mass transfer in the franc.

http://savepic.org/6753372.png

Trading recommendations

The pair euro/dollar continues to trade in the downward trend. After the next update minimum the market forms consolidation range. At present, we expect a decrease to the level of 1.1500. Next, we believe the pair will go to the level of 1.1650.


Pound

The "bulls" used the situation with the Swiss franc for the US dollar growth. The number of initial jobless claims rose to 316,000 that is a negative surprise as the previous week the index was 294 000. The December producer prices were slightly higher than expected.

http://savepic.org/6790239.png

Trading recommendations

The pair pound/dollar corrected to the minimum at 1.5150. The next target is the level of 1.5300. Still this growth is considered only as corrective.


Yen

The Japanese yen has resumed its growth due to the increased demand for the safe assets. Neverthelees, the yen lost some positions.

The sales sentiment remains amid the European stock markets falling after the Swiss National Bank announced its the refusal to restrain EUR/CHF.

However, in the medium term the yen growth should be seen as an opportunity to buy as the Japan government will continue to take measures of the national currency weakening to stimulate the economic growth and the inflation that will probably lead to the pair USD/JPY December peaks testing.

http://savepic.org/6794335.png

Trading recommendations

The pair dollar/yen continues to trade under pressure downwards. At present, we consider the level completion of 115.50. Further we expect consolidation with a decrease. The target of this fall is at the level of 109.30.


Gold

Instability, observed at the beginning of this year, pushes the metal quotes upwards.

Another growth catalyst became the Swiss National Bank actions that on Thursday unexpectedly refused to defend the lower limit for the euro/franc. As a result, the single European currency has sharply fallen and the franc has increased. The provoked instability forced investors to buy gold as they consider it as the less risky asset than the currency or stocks.

http://savepic.org/6783071.png

Trading recommendations

The gold has fulfilled the growth target. Next in line we expect the gold decrease to the level of 1113. The gold may decrease to 1200. With the resistance of 1220 breakthrough we expect another decline scenario.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №32 from 24/01/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The European Central Bank announced the quantitative easing program launching (QE). The pair EUR/USD fell below the level of 1.1400 for the first time since November 2003.

The ECB President Mario Draghi said the ECB would monthly buy assets worth Є60.0 billion, including government bonds and European institutions debt securities. The program will start in March and will be continued till September 2016. If inflation remains below the 2%, the program duration can be extended.

http://savepic.org/6809090.png

Trading recommendations

The pair euro/dollar continued to decline. We expect the level of 1.1200 testing. Next we believe the pair to form a new consolidation. Then we expect the decreasing continuation. The next target is the level of 1.1100.


Pound

The pair GBP/USD updated another minimum again and for this time it is the annual one. The UK retail sales including the fuel costs increased by 0.4% on a monthly basis in December, compared with the growth by 1.6% recorded in November. Analysts expected the retail sales decline by 0.6%.

http://savepic.org/6812162.png

Trading recommendations

The pound/dollar has updated its lows. We expect the narrow range consolidation and then the reduction continuation to the level of 1.4900. After consolidation we wait for a decrease to another target at the level of 1.4850.


Yen

The pair USD/JPY is trading with the positive sentiment and there are prospects for its further growth. The January business activity index in the Japan manufacturing sector showed a slight increase to 52.1 against 52.0 in December which was worse than expected the stronger rise up to 52.5.

http://savepic.org/6802946.png

Trading recommendations

The pair dollar/yen is trying to develop a structural growth to the level of 119.30. Practically it is the pair growth continuation in the stock markets. But taking into account the cross-rate decrease within the trend downwards, we expect the pair strong decrease to the level of 115.00.


Gold

The gold renewed maximum amid the ECB decision on Thursday. However, its growth was restrained and the metal was not able to close only slightly above the level of 1300.00 dollars per ounce.

However, the gold failed to strengthen significantly its position amid the sharp US dollar growth. The gold denominated in the US dollar is becoming more expensive and less attractive to investors using other currencies when the US dollar is growing. In addition, the World Central Bank actions eliminate uncertainty that prevailed recently in the market which also reduces demand for the gold as a safe-haven.

http://savepic.org/6800898.png

Trading recommendations

The gold once again updated maximum and again returned to the consolidation range. Next we consider the decrease development for the first target testing at the level of 1240.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official  website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

32 (edited by Ekaterina Fechina 2015-01-31 08:23:09)

Re: Analysis from a European broker Forex.ee

Issue №33 from 31/01/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

Germany published the retail sales. The indicator decreased by 1,3% in January. Most often the indicator causes no active response from the euro/dollar. It is possible the euro decline to the level of 1.1200. The Eurozone also will publish the consumer inflation data in February. Most likely, we will see a deepening deflation which also will not promote optimism about the European currency.

http://savepic.org/6866085.png

Trading recommendations

The pair euro/dollar is traded in the first structural growth consolidation range. Further we expect the pair decrease downwards to the level of 1.1000. As an alternative, we believe in the possible consolidation breakthrough upwards with the growth continuation to the level of 1.1550.


Pound

The UK calendar does not contain anything interesting. Therefore, the pair GBP/USD is very likely to remain under the external factors influence. Till the US reports the pound can show a moderate strengthening, returning to the resistance of 1.5100-1.5130. In future it will depend on what figures the US economy will show. If it manages to maintain high growth rates, the pair can resume its decline.

http://savepic.org/6871205.png

Trading recommendations

The pair pound and the US dollar achieved the correctional target for a decline. We expect the level of 1.5130 testing and going below this level. The market forms a "triangle". The level of 1.5050 breakthrough upwards will lead to the growth continuation downwards to the downtrend development.


Yen

The Japanese yen has already received some support from its own data. The consumer price index remained at the level of 2.4% while it was predicted a decline to the level of 2.3%. The unemployment rate demonstrated a positive trend, falling to 3.4% from 3.5% a month earlier. The fact that the inflation decline has slowed confirms the Bank of Japan decision to refrain from further stimulating measures.

http://savepic.org/6872229.png

Trading recommendations

The pair dollar/yen is in the triangle. The market does not still determine the future direction. We consider the pair reduction as the main matrix scenario. And this continued consolidation can get the market strong reaction with the trend movement downwards at any time. The local target is at the level of 115.00.


Gold

Investors continued to re-evaluate its position in relation to the metal, taking into account the statements made by the US Federal Reserve.

The gold prices rose from the beginning of this year, while the raw materials and stock indices prices have fallen. However, after the Fed statements investors are beginning to consider that the pace of rates increase will mainly depend on the US economic data which have generally showed a steady increase for recent months. It has undermined arguments in favor of the metal owning.

http://savepic.org/6870181.png

Trading recommendations

The gold has fulfilled the first wave downwards and achieved its target. At present we consider the correctional growth phase with the target of 1305. Next on the agenda is the decline continuation to the level of 1240.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №34 from 07/02/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The European Commission raised the GDP Eurozone growth forecast for 2015. We should pay a special attention to the Germany industrial production report. We do not expect that the pair euro/dollar will demonstrate its strong reaction in response as the market will wait for the USA NFP data. But the figures will still add clarity to the German economy overall picture.

http://savepic.org/6876827.png

Trading recommendations

The pair euro/dollar made growth attempts during the week having fallen at the end of the week. The fall shall be continued. The target is 1.1250.


Pound

The UK will publish the trade balance data. If its deficit expands, the pair GBP/USD will be able to make a short-term decline to the level of 1.53. The pound greater decline will be possible only if the US non-farm employment payrolls latest report reflects the significant growth that is unlikely. Therefore, the pound can also try to make a rebound near the resistance level of 1.54.

http://savepic.org/6873755.png

Trading recommendations

The pair pound is correcting but we expect the pair to continue to develop the growth structure to the level of 1.5300 testing. Further we expect the pair decline to the level of 1.5200. Then we will consider the possibility of another structural growth development for the level testing of 1.5450. And after that we plan the pair growth completion.


Yen

The pair dollar/yen also monitor the US labor market report. The preliminary figures, namely, the employment component in the composition of the ISM and ADP data have already disappointed, showing signs of the sector slowdown. Thus, if the NFP comes out worse than it was forecast at the level of 231,000, the dollar can come under significant pressure as this indicator dynamics will indicate that the US Federal Reserve will not rush to raise interest rates. But such an outcome the market has already laid in prices.

http://savepic.org/6879899.png

Trading recommendations

The pair dollar/yen trade with increase. Today we consider the level of 116.50 testing. Next, we expect the new consolidation range development and the decline continuation for the local target completion at the level of 115.00.


Gold

Investors continued to re-evaluate its position within the metal, taking into account the US Federal Reserve statements. The gold prices have been increasing from the beginning of this year while the raw materials prices and stock indices have been falling. Some investors have begun to fear that the world growth slowdown can make the Fed delay raising interest rates in the United States that must occur for the first time since 2006.

http://savepic.org/6880923.png

Trading recommendations

The gold managed to expand the range for reduction. The market came out of the consolidation range. At present we do not exclude the possibility of the level of 1230 testing. Further, we expect a decline continuation within the trend downwards with the local target at the level of 1200.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №35 from 14/02/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The main pair found the support in statistics and effectively enjoys the moment as long as possible for its strengthening. The euro continues to grow that started earlier. Investors use statistical factor to achieve strong levels within the pair euro/dollar where it will be possible to begin building the next wave direction.

Eurozone countries have started to publish economic growth reports for the fourth quarter. France is not impressed: the GDP will rise by 0.1% q/q at the end of the year as expected. In annual terms a growth was only 0.2%. But the German statistics was very interesting and promising. The Germany's GDP gained 0.7% q/q at the end of the fourth quarter in 2014 with the growth forecast by 0.3%. In annual terms, the economy increased by 1.6% against the expected 1.0% growth.

http://savepic.org/6892852.png

Trading recommendations

The pair euro/dollar extended its consolidation range upwards. We believe the pair may restore its positions towards 1.1500. Next we expect a decline to the level of 1.1230. Then we consider the pair consolidation and another decrease to the level of 1.1100.


Pound

The UK do not plan to publish important news, the pound will remain under the previous information influence and can even grow up a little bit which is generally observed at the current trades. However, as it seems, "bullish" emotions have already become more reserved in anticipation of the coming weekend and the consolidation trade can resume, but in the higher ranges.

http://savepic.org/6940983.png

Trading recommendations

The pair pound and the US dollar have fulfilled the local growth target. The next step is the correctional growth development with the pair reduction to the level of 1.5200. Next in line is the fifth correctional growth with the pair increase towards 1.5430. If the market increases above 1.5430, it may cause a decline down the trend to the level of 1.4850 testing.


Yen

We have not got any news from Japan, the pair dollar/yen was traded with multidirectional fluctuations and will probably continue its lateral movement, guided by technical levels. However, a directed activity can occur amid the US stock market and the government debt market events.

http://savepic.org/6945079.png

Trading recommendations

The pair dollar/yen completed the decline wave. The next step is a correction. We consider its recovery to the level of 119.50. Then we expect again a decrease for the potential target of 116.50.


Gold

The trading range which lasted the whole previous session this week, ended with the dollar decrease. The US dollar was under pressure from all its main competitors and closed the trading day with losses along the entire market.

http://savepic.org/6931767.png

Trading recommendations

The gold is trying to form a correction to the level of 1240. Then again decline to the level of 1210. Then it will be new correction. Thus we will obtain the consolidation range with extension upwards and then downwards. Next we expect the center testing below and the reduction continuation down the trend. The main target is the level of 1115. The first matrix target is the level of 1190.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №36 from 21/02/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The Eurozone may present information that is able to influence the market and with the support for the euro, of course, if forecasts confirm the fact and the Greek problems resolution will not spoil the investors’ mood, inclining to risk aversion. The February preliminary assessment (PMI) in manufacturing sectors are expected with the improvement - the euro zone indicators as a whole can show 53.0 after 52.3 in services and 51.5 against 51.0 in the manufacturing sector. The Germany indicators are expected with the similar dynamics. The France indicators, although are expected with a growth, but in the area of recession below 50.0.

http://savepic.org/6887179.png

Trading recommendations

Today the pair euro/dollar is trading with a decrease. We expect the level of 1.1200 testing.  Next, we expect the pair return to the level of 1.1380. Then we consider the new consolidation formation. We expect the level of 1.1000 testing with its breakthrough. As an alternative consider the correction to the level of 1.1650.


Pound

The UK news is expected with mixed results and probably will not cause the market activity increase. The January retail sales are projected with a decrease for the month, -0.8% m/m against the earlier + 0.4% m/m and with its growth for the year, + 5.5% m/m, after the last year + 4.3% y/y .

http://savepic.org/6941450.png

Trading recommendations

The pair pound and the US dollar broke through the growth channel. The next step is a correction to the level of 1.5200. The first reduction target is the level of 1.5300. Next we consider consolidation and the pair decline continuation.


Yen

The US dollar was traded almost without changes against the Japanese yen. The pair reached the maximum of 119.30 on the dollar sales from the Japanese importers part, producing commercial transactions calculations. However, in the rest the foreign exchange market was quiet as many Asian traders did not participate at the trades in connection with the New Year celebration according to the lunar calendar.

http://savepic.org/6942474.png

Trading recommendations

The pair dollar/yen is in the next consolidation. We expect the decline and the level of 118.20 breakthrough. Then again we expect a consolidation and a new decline to the level of 117.00.


Gold

The gold prices rose in Europe on Thursday after the traders got acquainted with the Fed and the US meeting minutes and came to the conclusion that the central bank is more likely inclined to loose monetary policy.

http://savepic.org/6945546.png

Trading recommendations

The gold continues the consolidation range formation around the level of 1210. We consider this structure as the reduction continuation figure within the trend downwards. The main target is the level of 1110 testing.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

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Re: Analysis from a European broker Forex.ee

Issue №37 from 28/02/2015

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The European broker Forex.ee analytical department offers you the Analytics.


Euro

During January inflation fell by 0.7% m/m (-0.1% y/y) in the US. If everybody got accustomed to the figures month reduction, their decrease has been revealed for 4.5 years the first time. We should realize the situation about the consumer price index. The February data will show whether a complete deflationary trend is formed and if it is still present, the Fed should respond to it.

http://savepic.org/6979026.png

Trading recommendations

The pair euro/dollar has fulfilled the reduction target. Today, the market is trading around the level of 1.1190. Further, we expect the consolidation range formation. We will consider the level of 1.1250 testing with its breakthrough upwards. We expect the pair decline to the level of 1.1100 with its breakthrough downwards.


Pound

The second assessment showed that the fourth quarter UK GDP volume has increased by 2.7% on the quarterly basis as in the previous quarter that was in line with the forecasts. In general, the British economic state does not cause particular concern as well as the national regulator attitude and its governor has repeatedly talked about the possibility that the next step would be the interest rates increase. Thus, even the slightest reason to doubt about the dollar strength will be sufficient for the pair growth resumption to the recent highs.

http://savepic.org/6970834.png

Trading recommendations

Practically, the pair pound and the US dollar formed the third growth wave and exposed impulse reduction to the correction. Today we consider the price recovery to the level of 1.5480 (as the minimum) and then again its decline to the level of 1.5280.


Yen

Official data showed that household spending fell last month by 0.3% in Japan while it was expected its growth by 0.4% after increase by 0.4%.

Another report showed that the Japan consumer prices rose to the annual rate by 2.4% in January in line with expectations while the CPI, excluding food products, rose by 2.2% last month that is lower than we expected increase by 2 3%.

http://savepic.org/6956498.png

Trading recommendations

The pair yen/dollar extended consolidation upwards and currently is approaching the level of 120.00. We consider this structure as the new consolidation range formation. Next on the agenda there is the pair decline for the triangle lower boundary testing.


Gold

Janet Yellen reassured investors for gold buying, saying that the easy monetary policy would be continued. As a result, the dollar fell slightly against other major world currencies. Therefore, two important factors will support the gold price: the Fed recent speech in the US Congress and the gold market recovery activity in China.

http://savepic.org/6951378.png

Trading recommendations

Today the gold offers the market a consolidation formation. We do not exclude the possibility of consolidation expansion upwards with an attempt for a correction development. Still main scenario is a decline continuation. The target is the level of 1175.


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Re: Analysis from a European broker Forex.ee

Issue №38 from 07/03/2015 

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The Germany industrial production and the revised 4th quarter GDP will be soon published. If the reports come out at least with the slight forecasts excess, the euro develop correction, coupled with such factor as profit taking at the end of the week. Also the euro sharply fell after the US employment report publication. It came out better than expected.

http://savepic.org/6971279.png

Trading recommendations

The support is at the level of 1.0840. Its breakthrough will move the pair towards 1.0760 and then to the level of 1.0600. The resistance is at the level of 1.1000. Its breakthrough will ease the pair short-term negative outlook, moving the pair towards 1.1180 and then towards 1.1280-1.1380.


Pound

The Bank of England left the interest rate unchanged at the record low level of 0.50%, established in March 2009. The central bank also kept the asset purchases program, financed by the central bank reserves issuance in the amount of 375 billion pounds. The pair dynamics can be caused largely by external factors. The NFP indicator on 295 thousand publication was followed by the pair decrease.

http://savepic.org/6962063.png

Trading recommendations

The support is in the area 1.5000. The breakthrough will open the way to 1.4920. The resistance is at the level of 1.5160. Its breakthrough will ease the short-term negative outlook, moving it towards 1.5300 and then towards 1.5370 and 1.5450.


Yen

The pair dollar/yen is currently holding above 120.00. It gets support amid the expectations that the Fed still will raise rates in June, as expected. However, the pair further upward dynamics depend on the labor market positive release. Also the employment component dynamics with the ISM industrial and service sector indices which have increased, we can assume that the pair growth can continue.

http://savepic.org/6948751.png

Trading recommendations

The resistance is at the level of 120.80. Its breakthrough will move the pair at the level of 121.80. The support is at the level of 120.00. Its breakthrough will ease the short-term bullish outlook and will move the pair towards 119.60 and then towards 117.20.


Gold

The gold price broke down the psychologically important level of $ 1200 per ounce. The metal fell after NFP publication that said the US economy was able to create 295K new jobs in February. The solid growth rate will be a proof of the world largest economic growth which will keep supporting the dollar and lead to the pressure increase on the precious metal.

http://savepic.org/6952847.png

Trading recommendations

The nearest resistance is at the level of 1190. The support is near 1160. Its completion will enhance sentiment towards the precious metals sales.


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Re: Analysis from a European broker Forex.ee

Issue №39 from 14/03/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The pair euro/dollar rose sharply to 1.0683 during this week. The US statistics caused negative impact on the dollar. Unexpectedly for us the retail sales significantly decreased in February.

The US retail sales index was 0.6% in February (forecast was 0.3%, the previous value was 0.8%). The US retail sales index, excluding cars, was -0.1% in February (the forecast was 0.5%, the previous value is revised from -0.9 to -1.1%).

The pair EUR/USD has not been able to reach the maximum of 1.0683 for a long time. The rate fell to 1.0483. The bears within the euro could decrease further.

http://savepic.org/6986279.png

Trading recommendations

The pair euro/dollar have formed the impulse growth. But its structure does not have the growth potential. At present we consider the possibility of the minimum update with the consolidation expansion downwards. Next, we will consider the possibility of the new impulse growth.


Pound

The pair GBP/USD increased to the level of 1.5026. The negative impact on the dollar was caused by the US statistics. Unexpectedly for us retail sales decreased significantly in February.

The British pound came under pressure after the Bank of England governor’s announcement that there was no need to rush with the interest rates increase. M. Carney started to make his speech after the US statistics release in 15 minutes. The pair GBP/USD fell from the high of 1.5026 to 1.4751 that is the new week minimum.

http://savepic.org/6970919.png

Trading recommendations

The pair has completed the reduction target. We expect the current minimum update and the new consolidation range formation. We anticipate the beginning of correction.


Yen

The pair dollar/yen will remain under pressure from the deteriorated attitude towards the US dollar after the US retail sales unexpected decrease in February. The US Treasury bond yields short-term decline and the Japanese exporters’ sales also put pressure on the pair. However, attitude towards the dollar has improved due to the lower than expected number of claims in the United States.

http://savepic.org/6947366.png

Trading recommendations

The pair dollar/ yen was unable to develop a third impulse downwards. This scenario shows a possibility of the new maximum update. Next we predict the consolidation range formation with a reversal pattern. Then we believe in the decline continuation.


Gold

The gold prices have been declining for nine consecutive sessions - it was the longest recession since January 1998. This dynamics was triggered by the rumors that the US Federal Reserve can soon start raising interest rates.

http://savepic.org/7006777.png

Trading recommendations

The gold continues to trade within a consolidation. We consider the decline continuation within the trend downwards to touch the level of 1110. Next we expect the correction beginning.


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Re: Analysis from a European broker Forex.ee

Issue №40 from 21/03/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The US dollar managed to recover most of the lost positions after the Janet Yellen’s Wednesday speech. This week the US Federal Reserve has revised the economic growth, the inflation and the interest rates forecasts for 2015. Janet Yellen also said that the Central Bank leadership was concerned about the dollar growth.

The euro bulls closed the previously opened long positions and some traders took the bears’ side. After all, the European QE and the Greece problems put pressure on the euro. And the Fed can raise interest rates in June when the macroeconomic data will signal about it (inflation, wages, labor market). It is risky to buy the euro in the current situation. However, the pair grew on the Friday’s trades.

http://savepic.org/7023809.png

Trading recommendations

The pair euro/dollar completely played back all the news background. And today we expect the pair decrease continuation. We do not exclude the consolidation from the level of 1.0600. Then again we expect a decline for the minimum update.


Pound

The pound temporarily recovered before having fallen back under pressure.

The earlier recovery was mainly dictated by technical factors. Moreover, the market bond yields spread between Great Britain and the Unites States is not in favor of the former one. Nevertheless, the pound increased at the end of the week.

The Bank of England governor Haldane said that if necessary, MPC could again take additional monetary policy easing measures to counteract the low inflation. He also added that the interest rate could be reduced to zero level.

http://savepic.org/7020737.png

Trading recommendations

The pair is still in the decline structure. At present we consider the minimum update. The target is the level of 1.4680. Further we consider the new consolidation and the pair return to the level of 1.4900.


Yen

The US dollar fell against the yen. The dollar index ended the week with the maximum decrease in July 2013 on the expectations that the Federal Reserve System (Fed) would not hurry with the basic interest rate increase.

The index value that is focused on the US dollar against 10 major world currencies, fell by 0,3% during the trades. Since the beginning of the week the indicator fell by 1.2%.

http://savepic.org/7021761.png

Trading recommendations

The pair dollar/yen continues to form a growth structure. We expect a new wave with the target of 121.60.


Gold

The gold futures have declined. The crude oil prices decrease put pressure on the gold prices. The crude oil futures are trading near the 6-year low as the world market is already oversaturated with supplies and is facing the possibility of the oil supplies resumption from Iran.

http://savepic.org/7015617.png

Trading recommendations

Now the gold forms a correction to the level of 1187. We shall consider its decline continuation with the level of 1160 testing within the downwards trend.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

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Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №41 from 28/03/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The US dollar resumed its rally after the jobless claims and PMI services positive reports. Both indicators have exceeded forecasts.

The claims number amounted 282 thousand (the forecast was 290 thousand; the previous value was 291 thousands).

The ECB President Mario Draghi has refrained from new comments. He is optimistic about the economic cycle and expects that the asset purchases volume would reach to 60 billion euro till the end of March.

Traders started to close long positions after the unsuccessful attempt to consolidate above 1.1000. The pair euro/dollar completed its growth on Tuesday and Wednesday.

http://savepic.org/7070359.png

Trading recommendations

There are only two trading days left before the end of the month. Now the fight is for the month candle closure. It is very important. The pair EUR/USD is showing a positive trend in the short term. We consider the euro purchases after the price reaches the level of 1.1040, the stop- loss is at the level of 1.0860, profit-taking is at the level of 1.1150.


Pound

The pound rose after the UK of strong retail sales publication. Actual values have exceeded forecasts; the previous figures were revised upwards. The pair GBP/USD has reached the mark of 1.4993.

The Bank of England Governor Mark Carney gave his speech. According to his statement, the Bank of England is planning to raise interest rates.

http://savepic.org/7062167.png

Trading recommendations

The pair is showing a positive trend in the short term. We expect purchases after the price reaches the level of 1.4970, the stop loss is at the level of 1.4870, the target is at the level of 1.5050.


Yen

The US dollar has not almost changed against the yen after the Japan controversial economic reports publication as optimism started to decline after the US jobless claims report one on Thursday.

The official data showed that the Japan household spending increased by 0.8% in February, exceeding expectations by 0.5% after the previous month decrease by 0.3%. A separate report showed that the Japan consumer price inflation fell to 2.0% on the annual basis in February, compared with a growth expectations to 2.1%, declining from 2.2% in January.

http://savepic.org/7057047.png

Trading recommendations

The pair USD/JPY is showing a negative trend now. We believe the yen will decrease after the price reaches the level of 118.50. We may place the stop- loss at the level of 119.50, we may take profit at the level of 117.75.


Gold

The gold prices are declining as traders decided to take profit after the seven-day rally, still the dollar is increasing due to the US statistics. The gold has strengthened this week amid the growing demand for the safe assets, followed after the global stock markets decrease resumption and the Saudi Arabia bombing aircraft reports and allies that support the rebels’ positions in Yemen.

http://savepic.org/7048855.png

Trading recommendations

The gold prices are declining as traders decided to take profit after the seven-day rally, still the dollar is increasing due to the US statistics. The gold has strengthened this week amid the growing demand for the safe assets, followed after the global stock markets decrease resumption and the Saudi Arabia bombing aircraft reports and allies that support the rebels’ positions in Yemen.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

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Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №42 from 04/04/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The pair euro/dollar was trading around the mark of 1.0870 amid its very low interest for sale. Yesterday investors started to correct positions before the Easter weekend. However, the weak non-farms release was followed by the pair sharp increase.

According to the data output, the number of the US jobless claims fell by 20 thousand and amounted to 268 thousand while it was forecasted 285 thousand. These informative reports can attract the Federal Reserve attention which is closely monitoring the situation in the employment market.

http://savepic.org/7130433.png

Trading recommendations

The main driver was the fundamental factor. We expect the pair’s increase to the level of 1.1040. Next, we do not exclude the growth development to update the current maximum. We do not exclude the decrease possibility towards the level of 1.0600.


Pound

The Market research results reports in the UK construction sector showed a stronger than expected activity slowdown. The construction sector PMI index fell to 57.8 from 60.1 when it was forecasted 59.7. The result above 50.0 indicates the construction sector growth and the March level can be considered positive, but the fact of the index decrease below the forecasted levels can upset investors. The pair grew amid the negative non-farm release.

http://savepic.org/7108929.png

Trading recommendations

The pair was trading in the narrow consolidation range almost the whole week. And on the fundamental background it can complete the upwards consolidation, breaking through the level of 1.5000 and expanding downwards with the target completion at the level of 1.4700.


Yen

The market expected the jobless claims number to grow by 245,000 and the unemployment rate will remain unchanged at the level of 5.5%. The March manufacturing PMI index came out 50.3 against the previous value of 50.4. The market may continue to stabilize in the mid-range. In the medium-term horizon the dollar can maintain a bullish trend, given the differences in monetary policy between the Fed and the ECB.

http://savepic.org/7100737.png

Trading recommendations

The fundamental factors were a main driver on Friday. The pair sharply fell. We do not exclude the new decrease wave development to the level of 118.00.


Gold

The gold prices fell from the one-month high on Thursday as some traders preferred to take profits before the US employment data output.

The six world powers and Iran agreement details, reached on Thursday, regarding the solutions for the Tehran's nuclear program key parameters, have reduced the demand for the gold as a safe haven.

http://savepic.org/7098689.png

Trading recommendations

The market exposed the gold growth structure. We see it as a correction to the decline impulse. At present, we consider the possibility of the current growth and new maximum update with a further decline to the level of 1175. The main target is the level of 1115.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

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Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №43 from 11/04/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The euro’s trades stabilized at Friday after the four sessions of massive sales. The pair stopped falling. Investors have sold the European currency for four days in a row, but the Greece factor still suspended this sales wave. Yesterday the Greek authorities reported to the world that they have managed to pay off the debt to the International Monetary Fund in the amount of 460 million euros. This is positive news, but it was expected.

According to the yesterday statistics, the US jobless claims number rose up by 14 thousand and amounted to 281 thousand against the forecast by 271 thousand for the week.

http://savepic.org/7118816.png

Trading recommendations

The pair has fulfilled the calculated target of 1.0650. The next step is the pair’s growth to the level of 1.1000. But the market has not generated the growth impulse yet. If the market is not able to form the reversal structure, we expect the decline continuation possibility for the current lows update.


Pound

The Bank of England left its monetary policy unchanged while the previously published data showed the UK trade deficit increase in February. The industrial production and manufacturing industries statistics can influence the dynamics course as well as the NIESR GDP data. In February the UK industrial production volume rose up by 0.1% m/m, the manufacturing production volume increased by 0.4% m/m.

http://savepic.org/7115744.png

Trading recommendations

The pair has broken through the consolidation range downwards. At present we consider the possibility of the pair decrease to the level of 1.4500. The local target is below 1.4800, then again testing downwards for the main target completion at the level of 1.4300.


Yen

The US dollar strengthened against the Japanese yen after the jobless claims strong data that reinforced expectations in relation to interest rates increase by the Federal Reserve System (FRS) in the second half of the year. The pair dollar/yen rose up to 120.60 that is the highest level for three weeks. The recent conflicting economic data raised doubts about the US economy and created uncertainty about the Fed interest rates rise timing. However the pair fell from the new maximums but it fixated above the level of 120.00.

http://savepic.org/7106528.png

Trading recommendations

The pair dollar/yen completed the growth structure local target. The next step is a decline back to the level of 119.00. Next we expect the pair increase for the level of 121.00 testing. As an alternative, we do not except the possibility of the growth continuation without a correction.


Gold

Despite the US non-farm payrolls weak employment report, investors still believe that the US Federal Reserve will raise interest rates this year. It can happen either in June or in September, but the interest rates rise timing will depend on the coming US macroeconomic statistics. Thus, demand for the US dollar as pressure on the gold is still preserved.

http://savepic.org/7103456.png

Trading recommendations

The gold after another decline has formed a consolidation. Next, the main scenario is the trend continuation downwards with the level of 1175 testing.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

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Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №44 from 18/04/2015 

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

Eurozone again does not publish any interesting reports. Despite the fact that the Greek question still remains unresolved, there is no special reaction from the pair. Even Christine Lagarde’s statements that the IMF will not provide respite to Athens in the debt payment had no pressure on the euro. Of course, later at the end of the week we do not exclude profit taking which can cause the pair rebound from the current levels. The United States released the inflation data  that dropped by 0.1% in annual terms while the core inflation rose by 1.8%.

http://savepic.org/7184784.png

Trading recommendations

In the short term the pair EUR/USD will show a positive dynamics. The euro purchases are possible after the price reaches the level of 1.0800, the stop loss is at the level of 1.0600, profit-taking is possible at the level of 1.0900.


Pound

The UK shall publish the labor market report. The jobless claims number fell by 20,700 in March compared to 31,000 the previous month as it was forecasted 29 500. The average salary in the UK increased by 1.7% in February, taking into account premiums compared with a growth by 1.8% the previous month as it was expected growth by + 1.8%. In the light of this the pound can try to break through the resistance at the level of 1.5000. Although it will be extremely difficult for it to rise in terms of political uncertainty.

http://savepic.org/7162256.png

Trading recommendations

In the short term the pair may show a positive dynamics. The pound purchases are possible after its reaching the level of 1.5000, the stop loss is at the level of 1.4800, profit- taking is at the level of 1.5050.


Yen

The pair USD/JPY dynamics may be affected by the US consumer price inflation and the consumer confidence data output from the Michigan University. Now the base of any movements is expectations, concerning the US Federal Reserve monetary policy. The US regulator interest rate increase possibility has been already put in the pair price.

http://savepic.org/7164304.png

Trading recommendations

In the short term the pair may show a negative dynamics. The yen sales are possible after the price reaches the level of 118.50, the stop loss is at the level of 119.50, the profit-taking is at the level of 118.00.


Gold

The gold prices have grown as the US Thursday disappointing data has created uncertainty about the interest rate increase terms by the Federal Reserve that continues to put pressure on the US dollar.

http://savepic.org/7152016.png

Trading recommendations

The gold stabilized near the mark of 1200.00. Above this level there is the resistance near the recent highs at the level of 1230. There is the support at the level of 1185 below the level of 1175.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

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Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №45 from 25/04/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The US initial jobless claims number rose by one thousand and amounted to 295 thousand. The average forecast assumes reduction to 290 thousand.
Still the housing market report disappointed very much. The new home sales fell to 11.4% in February, even taking into account seasonal fluctuations and amounted to 481 thousand. This is the first fact of decline for three months and it is so large-scale. It was expected that the indicator would be 514 thousand. The February data were the weakest for the year and a half. The average house price has also decreased.

http://savepic.org/7196518.png

Trading recommendations

The pair was able to develop another growth wave. The whole structure has a pronounced corrective nature. The basic scenario considers the reversal structure development at the currents lows. Further we expect another structure development with the pair reduction for the level breakthrough of 1.0500.


Pound

Despite the UK retail sales decline by 0.5% (m/m) in March the pair GBP/USD remained at the level of 1.5000 and grew above the level of 1.5100 amid the US dollar weakness. The pressure on the world reserve currency caused a growth for the last week to 295 thousand of the US initial jobless claims which exceeded the forecast by 288 thousand.

http://savepic.org/7200614.png

Trading recommendations

The pair formed another growth structure. We believe that it is a correction structure. We consider technical reversal patterns further development for a decrease to the level of 1.4850.


Yen

The yen strengthens its position amid the dollar weakness and correction in the global stock markets. According to the Bank of Japan governor Kuroda, inflationary pressure continues to strengthen amid the inflationary expectations growth and Finance Minister Aso said that Japan was no longer in deflation, noting, however, that the central bank would continue to implement the stimulating monetary policy.

http://savepic.org/7188326.png

Trading recommendations

The pair dollar/yen is falling. The market has corrected another growth structure. If the pair goes upwards, we believe in the level testing of 121.00. Shall the pair go downwards we expect the level of 118.00 breakthrough.


Gold

Gold prices have not changed as the dollar recovered after the US weak economic reports in the previous session while markets were waiting for the US further data. The gold quotations decreased at the end of the week.

http://savepic.org/7191398.png

Trading recommendations

The gold came out of the consolidation range. We do not exclude the further level of 1210 testing. Then we anticipate a decrease for the minimum breakthrough and the range extension downwards. The first decline target is the level of 1150.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

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Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №46 from 02/05/2015


Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

It was noted that 36 thousand of new jobs appeared in the euro zone, but only 8 thousand appeared in Germany that was worse than expected, still this information did not displease the market. There was a slight pressure on the euro in the morning after the Germany retail sales and the France consumer spending reports recorded a minus on the month basis. There will not be published any Eurozone important messages. The European currency will trade under the external data influence and can decline against the dollar if the US statistics do not announce the negative results.

http://savepic.org/7250413.png

Trading recommendations

In the short term the pair EUR/USD may show a correction development. The euro can decrease to the mark of 1.1100. Next decrease target will be 1.0500.


Pound

The UK lending activity increased in March – the net consumer lending is expected with an increase by 2.6 billion pounds against the earlier +2.5 billion pounds, the mortgage loans increase by 1.8 billion pounds after +1.7 billion pounds in February, the number of mortgage approvals to 62.3 thousand against 61.8 in the previous period. The positive changes are predicted in the manufacturing sphere – the Purchasing Managers Index (PMI) can show a growth to 54.5 in April from 54.4 in March. In general, there are no reasons for disappointment and the pound can receive support for the growth resumption if the forecasts are correct.

http://savepic.org/7256557.png

Trading recommendations

The pair GBP/USD may show a correction development in the short term. The pound/dollar can break the support level of 1.5100. this breakthrough will be followed by a decrease to the level of 1.4580.


Yen

The Japanese Finance Ministry data for the last week is showing a slight increase in demand for the foreign assets among the Japanese investors. The foreign bonds purchases growth amounted to 185.3 billion yen, the foreign shares purchases increase is shown in 170.0 billion yen. But perhaps, because of the Bank of Japan pessimism it was a purchases surge this week that caused demand for the US dollar and we will learn about it in a week. Also, if investors expect the US indicators further growth, these purchases are worthwhile. The yen returns to the direct correlation with the US stock market. The ideological basis can be the idea about the GPIF pension fund share portfolio increase to 25%.

http://savepic.org/7254509.png

Trading recommendations

In the short term the pair USD/JPY may show a positive trend. We suppose the pair will go to first 120.40. Having overcome the first target the price might go upwards to 121.50.


Gold

The gold quotations strong decrease at the end of the week returned the metal to the 1.5-month range lower bound.

The gold futures were declining during the trades on Friday.

http://savepic.org/7243245.png

Trading recommendations

The session minimum was the mark of 1170.25 dollars per ounce. The gold found support at the level of 1170.00 dollars and the resistance at the level of 1210 dollars.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №47 from 09/05/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The euro zone data was multidirectional, still the Greek problems general negative background inclined investors to sales. The Germany industrial orders rose in March, still its growth is worse than it was forecasted 0.9% against 1.6%, the Eurozone retail sector business activity index increased from 48.6 to 49.5, but the trade balance decreased in France from -3.6 billion euros (revised from -3.4 billion) to -4.6 billion euros. Also, the Spain and the France 10-year bond yields were sold as the higher bond yields than it had been before. The US indicators were better than forecasts. The number of jobless claims for the last week was 265K against 277K and 262K the previous one. The last month non-farm sector new jobs was positive – 223K. The forecast is 228 thousand against 126 thousand in March.

http://savepic.net/6827932.png

Trading recommendations

In the short term the pair EUR/USD will show a positive trend. The euro purchases are possible when the price reaches the level of 1.1350, the stop loss is at the level of 1.1265 and profit-taking is at the level of 1.1415.


Pound

According to the preliminary results, the UK Parliamentary elections appeared to be more positive than a few months as the preliminary polls had showed earlier. The current Prime Minister David Cameron’s conservative party from the parliament 650-seats gets almost half of them- 316 seats, the Miliband’s Labour party takes 239 seats, the Scottish National Party (Nick Klegg) takes 58 seats, the Liberal Democrats take 10 seats. Now, there is no doubt that David Cameron will be a prime minister. In order to set up the majority in Parliament Conservatives will be in a coalition with the Liberal Democrats. The pound has increased more than two hundred points amid this news. After the weekend investors will calm down and will follow the general market trend. It is still in the US dollar favor as evidenced by the oil and gold prices decline.

http://savepic.net/6832028.png

Trading recommendations

In the short term the pair GBP/USD will show a positive trend. The pound purchases are possible when the price reaches the level of 1.5480, the stop loss is at the level of 1.5420 and profit-taking is at the level of 1.5510.


Yen

The dollar rose against the yen as the US dollar is generally supported by the jobless claims optimistic report while the Bank of Japan last policy meeting minutes showed that the majority of the board members are in favor of the asset purchases continuation.

http://savepic.net/6818716.png

Trading recommendations

In the short term the pair USD/JPY will show a positive trend. The yen sales are possible when the price reaches the level of 119.10, the stop loss is at the level of 119.80 and profit-taking is at the level of 118.65.


Gold

The Gold prices grew,  however, their growth is constrained by demand for the dollar supported by the jobless claims while the markets are guided by the US non-farm payrolls government employment data.

http://savepic.net/6820764.png

Trading recommendations

The gold will likely find the support at the level of 1165.00 and the resistance at the level of 1215.00.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №48 from 16/05/2015


Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The euro consolidation on the local maximum was again extended, pushing the pair to the upper bound. The US worsened inflation indicators were reason for it. The April producer price index fell by 0.4% against the growth expectations by 0.1%, the base CPI was -0.2% against 0.1%. Also taking into consideration the fact that Germany and France had the day off and that the euro showed the greatest volatility in the US session, we assume that traders were more impressed by the US Wednesday weak retail sales.

http://savepic.org/7294360.png

Trading recommendations

In the short term the pair EUR/USD may show a positive trend. The euro purchases are possible when the price reaches the level of 1.1520, the stop loss is at the level of 1.1440 and profit-taking is at the level of 1.1560.


Pound

The pair GBP/USD rebounded from the session highs, demonstrating volatile trades amid the anemic session and the empty European calendar.

The pound rebound was amid the dollar recovery: the dollar index recovered from the 3-month low and is trading around 93.55, + 0.15% intraday. The market movement drivers can become the US industrial production, manufacturing activity and consumer sentiment reports.

http://savepic.org/7295384.png

Trading recommendations

In the short term the pair GBP/USD may show positive dynamics. The pound purchases are possible when the price reaches the level of 1.5800, the stop loss is at the level of 1.5730 and profit-taking is at the level of 1.5850.


Yen

The yen remains under pressure against the dollar amid the demand decrease for the safe assets. This week the pair USD/JPY fell after the retail sales disappointing report which increased concerns about the US economic recovery and the Fed interest rates increase.

The data showed that the US retail sales amounted to 0.0% in April against + 0.2% while sales excluding cars rose only by 0.1% against the growth forecast by + 0.5%. Later, however, the US labor market solid data supported the US dollar.

http://savepic.org/7286168.png

Trading recommendations

In the short term the pair USD/JPY will show negative dynamics. The yen sales are possible when the price reaches the level of 118.90, the stop loss is at the level of 119.20 and profit-taking is at the level of 118.70.


Gold

The gold is supported mainly by speculations as whether the Fed can increase its key interest rate later than expected towards the end of the year or early 2016.

According to the recent study, the gold reserves of the five world largest gold miners were checked and confirmed, but they continue to deplete. On average the precious metal reserves fell by 12% in the period from 2013 to 2014. The study dealt with the following mining companies: Barrick, AngloGold, Newmont, Goldcorp and Kinross.

http://savepic.org/7290264.png

Trading recommendations

The gold is slightly correcting while the resistance is at the level of 1230, then at the levels of 1235 and 1245.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №49 from 23/05/2015 

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

Germany has published multidirectional statistics: the IFO expectations index fell to 103.0 in May (103.1 forecast) against the previous 103.5, The IFO business climate index fell to 108.5 in May (108.3 forecast) against the previous 108.6 while under the current conditions the IFO index rose up to 114.3 in May (forecast 113.5) against the previous 113.9. We received the US April inflation data. The consumer price index decreased by 0.1%, the core index increased by 0.3%.

http://savepic.org/7328783.png

Trading recommendations

In the short term the pair EUR USD may show a negative trend. The first target is the level 1.0900, the next one is the level of 1.0800.


Pound

The UK April retail sales showed their rapid growth by 1.2% vs. 0.4%. After this positive event there appeared suggestions that due to the consumer spending increase the economy will show growth rather than the Bank of England declined assessment by 2.4% last week, the Bank of England governor Mark Carney’ speech causes increased attention. Negativity could be caused by the UK net borrowings public sector growth and expectations make up 7.8 billion pounds against the earlier 6.7 billion pounds. However the data came out 6.8B.

http://savepic.org/7315471.png

Trading recommendations

The pair GBP/USD may show a negative trend in the short term. We suppose the pair will go to 1.5450 first. Having overcome the first target the price might go downwards to 1.5100.


Yen

The Japanese yen is declining after the US stock indices slight decrease. The pair USD/JPY is close to the historic highs and this fact can have a greater risk degree than the situation in the stock markets. On Friday investors were taking profits on the historic highs after the preceding five-day rally. The Nikkei225 fell only by 0.15% against the Dow Jones zero closing.

The Bank of Japan kept its current monetary policy and identified the economic improvement as moderate.

http://savepic.org/7316495.png

Trading recommendations

In the short term the pair USD/JPY may show a positive trend. After the resistance level of 122.00 breakthrough upwards the way to the resistance 124.20 will be opened.


Gold

The gold fell to 1203.77 dollars per ounce. Traders continue to adopt wait-and-see position, not being in hurry to buy massively the precious metal despite the relatively low levels.

The FOMC members’ speech indicated that the last meeting results, most likely, will match to the previous one. However, traders preferred to close some positions.

Physical demand for gold caused some support which is seasonal in nature and which does not particularly depend on the economic developments.

http://savepic.org/7319567.png

Trading recommendations

The resistance remains at the level of 1210. Only after its breakthroughs we may talk about the sentiment resumption for the precious metal purchase. The nearest support remains near 1200.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №50 from 30/05/2015

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

European indices came out better than expected, but the media is full of gloomy forecasts about the Greek problem which put pressure on the euro and the British pound. The Deutsche Bank has determined the probability of the Greece agreement failure with creditors by 40% and almost one hundred percent probability of the debt non-payment to the IMF even if signing such an agreement. The ECB Governing Council member Ewald Nowotny (Austria CB) declared to the general public the lack of legal grounds for granting the interim lending to Greece. According to the statistics: the Germany import prices increased by 0.6% in April against the growth forecast by 0.5%, the Swiss trade balance for April rose up from 2.5 billion francs to 2.86 billion.

http://savepic.org/7330675.png

Trading recommendations

The pair EUR/USD shows a negative trend but we expect the pair’s growth in the short term. The pair can grow to the resistance level of 1.1150. After breaking 1.1150 the buyers may go to 1.1200.


Pound

The UK first quarter GDP second assessment remained unchanged. The GDP second assessment remained unchanged at the level of 0.3%. The number of the UK mortgage lending permits for April increased from 39.2 thousand (revised from 38.8 thousand) to 42.1 thousand while it was expected 39.2 thousand.

The GfK consumer confidence report pointed out to the indicator decrease to 1 from 4 while it was expected no changes. Naturally, it will not stimulate the market to positive emotions within the pound.

http://savepic.org/7328627.png

Trading recommendations

The pair GBP/USD may show a positive trend. We suppose the pair will go to 1.5420 first. Having overcome the first target the price might go upwards to 1.5700.


Yen

The dollar fell against the yen after the Japanese Finance Minister Taro Aso said that the yen recent decline was "sharp" intensifying speculation about the BoJ possibility intervention to prevent the Japanese yen sharp decline which had previously reached the minimum level for 12.5 years against the US dollar amid expectations about the US and Japan central banks different monetary policy approaches as the Bank of Japan moved the dates for achieving the inflation target for fiscal 2016.

The central bank last meeting minutes showed that some participants worried that the inflation target would not be reached until 2017.

http://savepic.org/7329651.png

Trading recommendations

In the short term the pair USD/JPY may show a downward trend. We expect the 123.00 line break that will open the way for the sellers to 121.80.


Gold

Gold prices have not changed as investors are waiting for the US economic growth data publication in the first quarter after a series of the recent US economic data led to the dollar growth.

http://savepic.org/7316339.png

Trading recommendations

The nearest support is at the level of 1180.00. In its turn, the level breakthrough of 1180 may lead to the gold decline towards 1170.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

Re: Analysis from a European broker Forex.ee

Issue №51 from 06/06/2015 

Hello, our forum dear visitors.

The European broker Forex.ee analytical department offers you the Analytics.


Euro

The official data showed that the Germany industrial orders rose up by 1.4% in April, beating the growth expectations by 0.5%. The March indicator was revised to the growth by 1.1% to 0.9%.

The Non-Farms report came out higher than expected at the level of 228K.

The negative factor for the euro is still the situation in Greece. Greece appealed to the International Monetary Fund (IMF) and proposed to merge the four payments that country has to submit the fund in June and to pay the entire amount at the end of this month.

http://savepic.org/7392724.png

Trading recommendations

In the short term the pair EUR / USD may show a positive trend. The euro purchases are possible when the price reaches the level of 1.1350, the stop loss is at the level of 1.1240 and the take-profit is at the level of 1.1430.


Pound

The Bank of England kept the interest rates at the mark of 0.5% while the quantitative easing program at the level of 375 billion pounds and the bank did not give any comments. The US news background is empty, firstly, the pound will trade on expectations and then under the main news influence- the US employment data.

http://savepic.org/7395796.png

Trading recommendations

In the short term the pair GBP / USD may show a positive trend. The pound purchases are possible when the price reaches the level of 1.5440; the stop loss is at the level of 1.5310 and the take-profit is at the level of 1.5510.


Yen

The pair USD / JPY is above 125.00 as the market ignores the dollar decline against other currencies.
The pair cross-rate significant depreciation is problematic because the yen is under pressure amid the US and Japan different monetary policies. The newsflow showed the Japan leading economic indicators increase in April to 107.2 against 106.

The pair dynamics is affected by the US employment data which came out in line according to our expectations higher than expected – 228K. In addition, the pair is supported by the US Treasury bond yields increase. Thus, the 10year bond yields have increased by 1% to 2.388%.

http://savepic.org/7394772.png

Trading recommendations

In the short term the pair USD / JPY may show a positive trend. The yen purchases are possible when the price reaches the level of 124.60, the stop loss is at the level of 124.10 and the take-profit is at the level of 124. 124.90


Gold

The gold recovered from the area that it had reached the yesterday month low of 1172.40 that was set during the dollar growth that followed by the US labor market positive data release. The gold future prospects will be based on the NFP report. The report came out at the level of 228K higher than expected.

http://savepic.org/7384532.png

Trading recommendations

The former support at the level of 1180.00 is becoming an intermediate resistance now. In turn, the level of 1172 breakthrough may lead to the gold decline towards the levels of 1169.50 and 1159.40.


Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Sincerely, Ekaterina Fechina. Company representative Forex.ee

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