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Re: Analysis from a European broker Forex.ee

Issue №52 from 13/06/2015 

Hello, our forum dear visitors.

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


Euro

The Commerce Department reported that the US retail sales increased by 1.2% m/m in May 2015 that coincided with the analysts' forecasts. According to the revised data, sales rose up by 0.2% in April while it was previously reported the zero change. The retail sales rapid growth suggests the consumer sector recovery after a cautious beginning of the year.

The pair euro/dollar bear losses amid the new dollar purchases wave in anticipation of the Greece news. We should remind that the IMF representative said that there were serious disagreements on the most key issues and attempts to reduce them were not successful and therefore the fund delegation decided to break off negotiations and left Brussels. However, the pair increased at the end of the trades on Friday.

http://savepic.org/7353409.png

Trading recommendations

In the short term the pair EUR/USD may show a positive dynamics. The price is likely to go downward to the level of 1.1320. Then the pair can decrease to 1.5000.


Pound

The pound rose up this week after the UK National Statistics Office reported that the industrial production volume rose up by 0.4%, exceeding the forecast increase by 0.1% after the revised upward rise by 0.6% in March.

Yesterday at the London session closing the spread was -37.3 basis points, such levels were observed the last time on March 31 when the pound was trading below the 49th figure against the dollar. However, traders reacted to the US positive statistics quite sluggish - hence demand for the dollar is low and therefore bulls tested the resistance level of 1.5550.

http://savepic.org/7341121.png

Trading recommendations

The pair GBP/USD may show a positive trend. The pair can grow to the resistance level of 1.5600. After breaking 1.5600 the buyers may go to 1.5800.


Yen

After the Japanese Central Bank governor Kuroda's verbal intervention about the undesirable further yen decline, it continues strengthening (it is declining, according to the pair USD/JPY schedule) despite the American stock market upward vertical growth.

The yen compensated its recent strengthening in some extent, caused by the Japan bank manager Kuroda's statement about the absence of the Japanese yen further prospects.

The Japanese Finance Minister Amari said that the markets misinterpreted the chief banker words. On Thursday the stock market growth caused the pressure on the yen that has led to the reduced demand for safe assets.

http://savepic.org/7346241.png

Trading recommendations

The USD/JPY may show a negative trend. We suppose the pair will go to 123.00 first. Having overcome the first target the price might go downwards to 121.50.


Gold

The gold is consolidating after the latest failed growth attempt. The pressure on the gold price is caused by the dollar and the stock indices growth resumption which reduces demand for the safe assets.

http://savepic.org/7347265.png

Trading recommendations

If the price fixates below the support 1170.00, it may continue the downward trend in the short term. The potential target is 1160.


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 №53 from 20/06/2015

Hello, our forum dear visitors.

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


Euro

The IMF is not going to make any concessions to Greece. Even with EU the fund has points of disagreement, it agreed to continue to lend to Greece only in the case of the European investors debt restructuring.

The LTRO program the ECB put 73.8 billion euros against the spring 97.8 billion. Still investors are more inclined to the bond yields sales by the ECB. The US jobless claims number amounted to 267K vs. 279K the previous week, the consumer prices index rose up 0.4% in May, the core index rose up by 0.1%. The the 1st quarter payments balance was better than expected: -113 000 000 000 to $ -116 000 000 000.

http://savepic.org/7361190.png

Trading recommendations

The pair EUR/USD may show a positive trend soon. The euro can grow to the resistance level of 1.1410. After breaking 1.1410 the buyers may go to 1.1500.



Pound

The US positive macroeconomic statistics is not able to overcome the majors' inertial increase against the dollar. The euro showed increase by 23 points, the pound by 48 points. The pound growth contributed to the May retail sales good data: 0.2% against the expected 0.0%.

Obviously, in anticipation of the weekend and because of the strong resistance levels presence the British pound suspended its growth against the dollar and the Friday session it was trading in the side range with a tendency for decrease within the correction.

http://savepic.org/7349946.png

Trading recommendations

The pair GBP/USD may show a positive trend in the short term. The pound needs to break above 1.5910 for a steady growth. The way to the mark 1.6000 will be opened after this breakthrough.


Yen

Over the past four days the Japanese yen has been contrary to the American stock market amid the previous weak economic data and in anticipation of the Bank of Japan meeting. We should note that the Japan stock market has been declining for four days. Only on Friday the Nikkei225 rose up by 0.67%, it was unable to withstand the preceding Dow Jones growth by 1.0%. The activity index in all economic sectors (All Industries Activity) for April showed increase by only 0.1% against the growth forecast by 0.3%. On Friday there was held a press conference by the Central Bank governor Haruhiko Kuroda. The Bank of Japan left the monetary policy unchanged.

http://savepic.org/7356070.png

Trading recommendations

In the short term the pair of USD / JPY will show a negative trend. We recommend going short with the first target – 122.50. When the price consolidates below the first target it may go to the level 121.00.


Gold

Yesterday the gold consolidated after its growth that was prompted by speculations about the Greece debt situation. The EU Luxembourg finance ministers meeting brought no agreement with Greece. At the same time the ECB informed the Euro group that it was not sure that Greek banks would be opened on Monday, the EU spokesman Disselblum said that it was impossible to reach an agreement with Greece until the end of the month.

http://savepic.org/7352998.png

Trading recommendations

The gold is trading around 1200.00. We advise to consider long positions with the first target – 1220.00. After fixing above the first target, the level 1230.00 will become the next one.


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 №54 from 27/06/2015

Hello, our forum dear visitors.

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


Euro

The euro zone finance ministers third meeting was dedicated to Greece, unfortunately it did not bring results. The next negotiations are scheduled for Saturday, and Greece will again try to agree on getting new loans to the IMF on Tuesday to pay 1.6 billion euro.

Events associated with Greece overshadowed the US economic statistics from which the Fed raising interest rates depend. The May USA consumer spending report growth has been the highest in nearly six years.

http://savepic.org/7461151.png

Trading recommendations

In the short term, the EUR/USD may show a positive trend. The potential growth targets are the resistance levels: 1.1200, 1.1500.


Pound

On Thursday, the Eurogroup summit ended without results and high officials have decided to continue the debate on Saturday.

The June UK retail sales balance fell from 51 to 29 while we expected 32, the pound has managed to grow for a day on 39 points.

The news background is filled with the political component, the market is looking forward to M.Karni report at the conference in London. It is expected that the BoE chief to address the issues relating to the interest rates growth. We predict the volatility increase, otherwise the "cable" may continue to consolidate, waiting for Greece situation overcome.

http://savepic.org/7448863.png

Trading recommendations

The GBP / USD may show a positive trend. We advise to long with the first target – 1.5800. When the pair consolidates above the first target, we can open deals to the level of 1.6000.


Yen

The dollar fell against the yen after upbeat economic data in Japan, while concerns about the Greek talks support the demand for the Japanese currency as a safe haven.

The official data earlier showed that household spending rose 2.4% last month, surpassing expectations for growth of 2.2%, after falling in April by 5.5%. The separate report showed that consumer prices rose in May to an annual rate of 0.5%, more than the expected growth of 0.4%, after increasing 0.6% the previous month.

http://savepic.org/7449887.png

Trading recommendations

In the short term, the currency USD / JPY may show a positive trend. After the resistance level of 124.20 breakthrough upwards the way to the resistance level of 126.00 will be opened.


Gold

The gold prices fell as the encouraging US data continued to support the dollar, while the markets focused on the Greek negotiations.

http://savepic.org/7450911.png

Trading recommendations

Futures are likely to receive resistance at the 1180.00. In the case of its break upwards the quotes may grow to 1200.00.


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 №55 from 04/07/2015

Hello, our forum dear visitors.

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


Euro

The European currency has remained in the range after the number of important fundamental publications that failed to provide the necessary support to the US dollar. The market did not undergo the serious changes before the weekend where there will be a referendum in Greece. The 1st quarter of 2015 wage growth was very high that supported the German economy. According to the German Federal Statistical Office Destatis, wages in Q1 grew by 2.5% compared to the 1st quarter of 2014.

The market's attention is entirely directed to Greece. Opinion polls in Greece show that the number of speakers "for" and "against" creditors' proposal is equal. The creditors remain adamant as well.

http://savepic.org/7414879.png

Trading recommendations

In the short term, the pair EUR/USD may show a negative trend. After reaching the level of 1.1050 it may fall to the level of 1.0950.


Pound

The June business activity index in the UK construction sector rose more than expected - up to 58.1 from 55.9, when it was expected to grow to 56.6, showing the rapid growth in the housing sector, as well as in the civil and commercial projects. Data from the US labor market came with a negative tone and the dollar reacted with a decrease, but not for long and gently. The June non-farm payrolls were 223 thousands. But with the unemployment at 5.3% which decreased from 5.5% at once, even this increase is a very good indicator.

http://savepic.org/7419999.png

Trading recommendations

In the short term, the GBP/USD may show a positive trend. After reaching the level of 1.5690 it may go to the level of 1.5800.


Yen

The Japanese yen was traded in a narrow range. Despite the decline in stock index Nikkei225 by 0.44% and Dow Jones losses by 0.16%, the yen was in a symbolic plus. Obviously, investors are waiting for the vote in Greece outcome.

The main positive factor for the yen to grow is Greek.

http://savepic.org/7417951.png

Trading recommendations

The USD/JPY may show a positive scenario. Shall the pair reach the level of 123.00 it may open the way to the level of 123.80, and further to 124.40.


Gold

The gold price rose, but remained close to the three and a half months of 1156.85 dollars per ounce minimum after the US employment report turned out to be below the forecasts. The gold rose after the US data release, but 0.7% below the opening level of the week beginning. The USA labor market did not support the US dollar. According to the US Labor Department, the latest initial jobless claims number rose by 10,000 and amounted 281 000. Economists had forecasted that the number would be
270,000.

http://savepic.org/7418975.png

Trading recommendations

The gold may show a negative trend. If the price reached the level of 1150 the way to the level of 1142 may be opened.


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 №56 from 11/07/2015

Hello, our forum dear visitors.

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


Euro

The European currency has stopped its decrease and rebounded upwards. Partly the dollar weakness happened after the euro growth after the FOMC last meeting minutes. We should remind: the authorities did not still voice a clear timetable of possible rate increases. The US central bank is still concerned about the economic situation and external risks as Greece and China do nothing to improve the prospects. That is why pressure on the dollar is still preserved.

http://savepic.org/7431688.png

Trading recommendations

In the short term the pair EUR/USD may show a negative trend. The potential decrease targets are two levels of support: 1.1000 and 1.1080.


Pound

The pound held the trades in the downward trend. However, it increased later. The Bank of England did not announce any surprises: the rate remained at the level of 0.5% and the purchasing assets program amounted to 375 billion pounds. Now Greek uncertainty was added to disinflation internal risks and under these conditions Mark Carney is unlikely to hint at the possible tightening monetary policy.

The British pound is likely to remain in the narrow range amid the trade balance divergent data for May and its forecast amounted -9.7 billion pounds against -8.6 billion in April and the construction sector production volume is expected with an increase by 0.7%.

http://savepic.org/7436808.png

Trading recommendations

The pair GBP/USD may show the negative trend. The pair can decrease to the support level of 1.5300. After breaking 1.5300 the buyers may go to 1.5150.


Yen

One of the few currencies against which the dollar could strengthen was the Japanese yen. The pair USD/JPY rebounded from the level of 120.54 to the level of 122.90, intending to test the level of 123.00. However, the growth stop was followed by 10 points from the mark. It is learned that the Japan corporate goods price index registered a sharp decline in June - by 0.2% m/m and 2.4% y/y vs. 0.3% m/m - 2.1% y/y in May that added negativity to the currency.

http://savepic.org/7437832.png

Trading recommendations

In the short term the pair USD/JPY may show a negative trend. We suppose the pair will go to 120.00 first. Having overcome the first target the price might go downwards to 118.50.


Gold

The Gold prices note their growth as demand for the dollar weakened on Thursday after the US data jobless claims publication while hopes for the Greek debt crisis solution has weakened demand for the dollar.

Athens is eager to get at least 50 billion during the next three years. In exchange the government has presented a number of austerity measures which are estimated to total 12-13 billion - far more than the previous Greece commitments.

http://savepic.org/7435784.png

Trading recommendations

In the short term the gold may show a negative trend. After the level of 1154.00 breakthrough down the way to the support 1142.00 will be opened.


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 №57 from 18/07/2015

Hello, our forum dear visitors.

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


Euro

The last trading day was marked by the pair EUR/USD decrease. The Greek parliament hard reforms package approval which should serve as the key to getting bailout funds, could not support the euro and now the pair euro/dollar fell below the mark of 1.0900.

Things were fueled by the ECB President Mario Draghi comments who said that the quantitative easing program would remain in force as long as inflation returns to the target level. It means that until September of next year the euro will have, at least, one downside driver.

http://savepic.org/7530769.png

Trading recommendations

The pair EUR/USD may show a negative trend in the short term. When the pair reaches the level of 1.0800 and in case of this level breakthrough the way to the level of 1.0640 will be opened.


Pound

The pair pound/dollar is still within the side channel, remaining slightly above the psychological level of 1.5600. Now this level has turned into support and attempts to break through this level without significant drivers are unlikely successful.

There were published the June inflation indicators in the United States which come under close market attention. The inflation slightly increased. The price pressure shows the growth signs; it is a powerful bullish signal for the US dollar as it will increase the likelihood Fed interest rate hike in the foreseeable future.

http://savepic.org/7531793.png

Trading recommendations

In the short term the pair GBP/USD may show a positive trend. When the pair reaches the level of 1.5700 and in case of this level breakthrough the way to the level of 1.5910 will be opened.


Yen

The pair dollar/yen is still around the mark of 124.00. Prices were finally able to breakthrough it, but this movement is stopped. Now it looks like the yen is almost the only currency against which the dollar could move up steadily.

The downside driver for the Japanese yen still are the Bank of Japan recent statements- the regulator has lowered the consumer price inflation forecast for the year to 0.7% from 0.8%, noting the possibility of additional economic stimulus through the financial market.

http://savepic.org/7514385.png

Trading recommendations

In the short term the pair USD/JPY may show a positive trend. When the pair reaches the level of 125.00 and in case of this level breakthrough the way to the level of 125.80 will be opened.


Gold

The gold remains under pressure amid the renewed dollar and global stock markets growth following an agreement with the Greece creditors which ended with the reduced demand for safe assets. The Fed monetary policy tightening can further reduce investors' interest in precious metals.

Having continued to decline the price tested the support around 1142.00 dollars per ounce. Now the level which continued to hold back the bears' movement is broken through.

http://savepic.org/7512337.png

Trading recommendations

In the short term the gold may show a negative trend. When the pair reaches the level of 1120.00 and in case of this level breakthrough the way to the level of 1080.00 will be opened.


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 №58 from 25/07/2015 

Hello, our forum dear visitors.

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


Euro

The European currency has managed to hold its position against the US dollar and remained at the acceptable levels for its buying after a number of fundamental data had supported the US dollar. Thus, the initial jobless claims number fell by 26,000 and 255,000 that is the lowest level since November 1973. Many economists have blamed it on the seasonal volatility, but in general it should be clear that the US labor market continues to show its recovery. The previous week data have not been revised. Economists had expected the number of claims would amount to 278,000.

http://savepic.org/7519306.png

Trading recommendations 

In the short term the pair EUR/USD may show a negative trend. Reaching the level of 1.0900 and its breakthrough will open the way to the level of 1.0800.


Pound

The British pound again became a star in the market. The only difference is that we counted on its growth, expecting the retail sales and lending positive data, but it was quite the opposite. The June retail sales fell by 0.2% against growth expectations by 0.4% and in annual terms it amounted to 4.0% y/y against expectations by 4.9% y/y. In this regard, the pound could no longer resist the American record low jobless claims; the number was 255 thousand that has been the lowest value for 43 years.

http://savepic.org/7505994.png

Trading recommendations 

In the short term the pair GBP/USD may show a negative trend. Reaching the level of 1.5400 and it breakthrough will open the way to the level of 1.5200.


Yen

The yen stayed within the range of 124.70-120.40 pondering upon the situation in the US stock market. There was the June Japan trade balance at the level of expectations - the negative balance increased from -0.16 trillion yen (it was revised towards improvement from-0.18 trillion) to -0.25 trillion yen, but the price could stay in the current range due to the Japanese stock market local stability. The scandal around the Toshiba company did not bring this price out from this range that, as it turned out, presented the phony balance sheets.

In the preliminary assessment the Japan manufacturing sector business activity for July showed an increase from 50.1 to 51.4 at the more modest forecast of 50.5.

http://savepic.org/7504970.png

Trading recommendations 

In the short term the pair USD/JPY will show a positive trend. Reaching the level of 125.00 and its breakthrough will open the way to the level of 125.70.


Gold

The market precious metals are showing good pace of recovery amid the US dollar decline. It is possible the market recovery for a short period of time, but indicators have pointed to the downward trend continuation for a long time.

http://savepic.org/7511114.png

Trading recommendations 

In the short term the gold may show a negative trend. Reaching the level of 1080.00 and its breakthrough will open the way to the level of 1050.00.


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 №59 from 01/08/2015

Hello, our forum dear visitors.

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


Euro

The Ministry of Commerce reported that the second quarter US GDP slightly accelerated its growth after the weak start in 2015, still it is lower than in the 1st half of 2014. The GDP increased by 2.3% in the second quarter, having corrected for seasonal variations. Economists had forecasted the GDP growth by 2.7% y / y. The Commerce Department also reported that the GDP grew by 0.6% y / y. Earlier it was reported about the GDP reduction by 0.2%. The economy has not made a sustained breakthrough since 2009 when the recession ended.

The initial jobless claims number rose up by 12,000, taking into account seasonal variations that amounted 267 000. The US Labor Department said that economists expected growth to 270 000 jobless claims.

http://savepic.org/7476945.png

Trading recommendations

The rate dynamics is showing a negative development in the short term within the pair euro/dollar. Reaching the level of 1.0900 and its breakthrough will allow bears to decline towards 1.0800.


Pound

The pound has not changed significantly in the absence of the UK economic data. The sentiments, formed amid the Fed's commitment to the exchange rate policy tightening and then the US encouraging economic data, were considered as a proof that the USA rate hike conditions are improving that supported the US dollar. This signal became the first US GDP assessment for the second quarter. The main economic indicator for the second quarter grew by 2.3% which was worse than it was forecasted +2.6% q / q. However, it did not disappoint investors.

http://savepic.org/7532240.png

Trading recommendations

The pair GBP/USD may show a negative development in the short term. If the pair reaches the level of 1.5700 and breaks it through, it may reach the mark of 1.5900 soon.


Yen

The yen strengthened after the Japan inflation data output. According to the Japan Internal Affairs and Communications Ministry data, the core consumer price index excluding the fresh food prices was 0.1% in June while the energy prices decline over the past year continues to keep inflation away from the target level of 2% that the Japan Central Bank had set. It is worth noting that these data were higher than it was forecasted. (0.0%).

http://savepic.org/7530192.png

Trading recommendations

The dollar / yen may show the positive dynamics development in the short term. If the pair reaches the level of 124.00 and breaks it through, the way to 125.70 will be opened.


Gold

The US personal consumption expenditures rose up by 2.9% against 1.8% in the previous period while the personal savings rate fell to 4.8% from 5.2%, reflecting the households‘ propensity to spending. In addition, the employment data were positively assessed – initial jobless claims rose weaker than it was forecasted that amounted to 267 thousand when it was expected 270 thousand.

The gold remains under pressure amid the stock markets renewed growth and under the corresponding demand decline for safe assets.

http://savepic.org/7534288.png

Trading recommendations

In the short term we expect the precious metal negative dynamics development. If it reaches the mark of 1070.00 and breaks it through, the way towards 1050.00 will be opened.


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 №60 from 08/08/2015

Hello, our forum dear visitors.

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


Euro

The industrial production fell by 1.4% m/m while the growth was expected by 0.4%. In annual terms the industrial production is showing an increase by 0.6%. Exports fell as well as import. The exports reduction may be explained by the production prices decline. Due to the imports decline the trade balance rose up to 24 billion euros. The traders were cautious ahead of the US employment official report for July.

The United States released the non-farm payrolls, the data were in the red zone - 215K, while we waited 223K. Earlier, there was 231K.

http://savepic.org/7571832.png

Trading recommendations

The rate dynamics will show a negative development in the short term. The level of 1.0900 breakthrough will allow bears to decline towards 1.0800.


Pound

The Central Bank Governor Mark Carney was pessimistic about the inflation prospects (zero inflation may be continued for two months). After this information output the pound has fallen. Later, the US jobless claims have left the pound no chance of recovery - the weekly report showed 270K against the expected 273K jobless claims. The July UK GDP forecast from NIESR was 0.7% as it was in June.

http://savepic.org/7569784.png

Trading recommendations

The pair may show a negative development in the short term. If the pair reaches the level of 1.5400 and breaks it through, then it will open the way to the mark of 1.5325.


Yen

The Bank of Japan did not surprise us with the monetary policy easing at its Friday meeting at the end of the week. As expected, the Bank of Japan said it would continue to buy government bonds in each year up to 80 trillion yen. The consumer prices negative growth rates may affect the Japanese economy weakening, the goods high stocks as well as the China growth slowdown.

Meanwhile, the dollar has strengthened after the USA news releases on Friday while the non-farm payrolls figures came in below expectations: 215000 instead of 223000. The unemployment rate - 5.3% as expected has not been changed since last month.

http://savepic.org/7570808.png

Trading recommendations

The pair may show the positive dynamics development in the short term. If the pair reaches the level of 125.00 and breaks it through, it will open the way to the mark of 125.80.


Gold

The gold resumed its decline amid the dollar growth on the eve of the US labor market publication. The main Friday event was the July US employment data. The number of jobs outside the agricultural sector was forecasted an average 220 thousand - 225 thousand against 223 thousand in June. The data came out at the level of 215 thousand. Unemployment was expected to reach the level of 5.3%, the average hourly wage was forecasted with an increase by 0.2%. These data came out at the level of the forecasted medians. However the gold increased by the end of the trades.

http://savepic.org/7575928.png

Trading recommendations

We expect the precious metal negative dynamics development. If the pair reaches the level of 1090.00 and breaks it through that may open the way towards 1075.00.


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

60 (edited by Ekaterina Fechina 2015-08-15 20:12:57)

Re: Analysis from a European broker Forex.ee

Issue №61 from 14/08/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.


GBP/USD opened trades at 1.5482 on Monday after significant losses of the end of the previous week when 9 out of 10 MPC members voted to keep the interest rate unchanged, which was followed by solid Non-Farm Payrolls data from the US. The downfall of sterling in July was mostly driven by technical correction as Great Britain continues to keep a strong and steady growth pace comparing to other developed economies. Since the beginning of this week, cable was erasing losses climbing up to the current price level close to 1.5637. On Monday, GBP was supported by the UK BRC Retail Sales Monitor data coming out in green colour. This was followed by the Average earnings data on Wednesday, which was slightly lower than expected. The unemployment rate was in line with the forecast of 5.6%, while RICS House Price Balance was two per cent higher than predicted, at 44%. Next week, investors are viewing British CPI and Retail Sales data.

GBP/USD (H4; August 14, 2015)
http://savepic.org/7555885.png

Trade guidelines:
Since the end of June, GBP/USD was trading in the corridor between 1.5690 and 1.5466 creating a “flag” formation, which is a currently continuing consolidation after the rise that took place in spring. The market sentiment is mostly bullish for this instrument, so breaking through the resistance level at 1.5690 can give an early strong indication of bulls gaining momentum.

NZD/USD was heading down this week after market opening at 0.6612 on Monday. Despite the broad recovery of Kiwi on Wednesday amid weaker dollar, the pair’s downfall was mostly driven by devaluation of yuan. Meanwhile, data from New Zealand showed that electronic card retail sales did not reach the expectations of 0.5% coming out at 0.4% this month. The Food price index was also in red colour. At the end of the week, Retail Sales data showed disappointing numbers coming out at 0.1% below the 0.5% expected. Next week the market is waiting for external migration details from New Zealand.

NZD/USD (D1; August 14, 2015)
http://savepic.org/7544621.png

Trade guidelines:
Technically, NZD/USD is trading close to lows of May 2010 – 0.6560, which currently serves as the key support level being tested.The RSI indicator also suggests that the pair is well oversold, but lack of upbeat fundamental data from New Zealand and strengthening dollar might push the pair even lower, in which case there will be much more space for falling than there is now, bearing in mind the Fed rate hike talks and current situation in China. The best tactic would be to catch intraday fluctuations for smaller profit while watching the key support levels for indications of further weakening.


EUR/USD broke through the 1.10 level this week rising from July lows of 1.0808. The single currency was mostly supported by mid-week plunge of the dollar and Athens reaching the agreement on the multiyear bailout plan with the creditors. Euro zone ZEW Economic Sentiment was out at 47.6 beating the expectations of 43.9, while Industrial Production contracted by 0.4%. The euro zone CPI matched the forecast of 0.2% while European GDP data showed 1.2% annual growth pace, 0.1% lower than expected. European Current Account and Consumer Confidence numbers are published next week, so the market is waiting to see the numbers.

EUR/USD (H4; August 14, 2015)
http://savepic.org/7589676.png

Trade guidelines:
As of writing the pair is trading at 1.1144 and a break below 1.1000 (psychological level) would target 1.0961 (low Aug.11) en route to 1.0855. On the upside, the initial up-barrier is located at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30).


USD/CAD was broadly down this week falling below the previous key support level located at 1.3063, which subsequently became the resistance level. Technically, the rise of two previous weeks might be taken as a bullish trap if prices start falling more actively. Canadian Housing Starts were lower than expected in July, while New House Price Index rose 0.3% in June, beating the forecast of 0.1%.On Friday, Manufacturing Sales in Canada missed the expectations coming out at 1.2% and pulling USD/CAD back above 1.3063. Next week will bring volatility with important data from Canada and the US coming out simultaneously including US Building Permits, Core CPI, Existing Home Sales and Canadian Wholesale Sales, Core CPI and Core Retail Sales.

USD/CAD (D1; August 14, 2015)
http://savepic.org/7569196.png

Trade guidelines:
The fundamental data needs to be closely watched as the pair is trading near to a key resistance level of 1.3063 with a strong breakthrough potential. Overall forecast is bullish ahead of the possible rate hike in September, although recent mixed data from Canada does not give indications of weakening economy in this quarter. Passing the 1.3212level is a strong bullish sign, while falling below 1.2920 might be taken as a signal for opening a medium-term short position.


USD/JPY was rising this week after opening trades at 123.78 on Monday. The Bank of Japan saw some members question the sustained impact of aggressive easing on the pace of yen weakening and inflation expectations in the Wednesday release of the July minutes. The BoJ held policy steady at its latest meeting. Japanese current account reading was in red colour this week coming out at 0.559T, while Bank Lending rose 2.6%. Household confidence was also lower than expected. On the other hand, Industrial production and Tertiary Industry Activity Index have beaten the expectations of experts. Next week, Japanese GDP is due together with Trade Balance data.

USD/JPY (W1; August 14,2015)
http://savepic.org/7550764.png

Trade guidelines:
The expectations for next week are mostly bullish. In terms of technical levels, resistances can be found at 125.27 (highs of August 12)  and 125.66 (highs of June 8). Having passed those levels, the pair might test the 125.85 level.


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 №62 from 22/08/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD opened trades at 1.5653 this week and moved down on Monday amid absence of significant data from UK and stronger greenback. However, British CPI and PPI data, which was published on Tuesday, indicated that Britain made one more step away from the risky deflationary zone. The bullish move also continued on Wednesday.  Although, the cable eased a little bit on Thursday after slower growth of retail sales in July was announced.  On Friday new highs of the months were tested as pound rose to 1.5722, but subsequently came back below 1.5690.Next week, investors will be watching Nationwide HPI, Business Investment and GDP figures from Great Britain.

GBP/USD (H4; 22 August 2015)
http://savepic.org/7659962.png

Trade guidelines:
Overall, each day of this week, the pair was testing the key resistance level of its current consolidation corridor between 1.5467 and 1.5690. As previously noted, the consolidation has been developing since June after considerable gains achieved in spring, forming a “flag” figure, which suggests opening long-term “buy” positions if the pair passes the 1.5770 level.  The bullish expectations prevail for this instrument as UK continues to be one of the most quickly-growing states among developed economies.



EUR/USD opened trades at 1.1115 on Monday after breaking through the psychological 1.10 level last week. For the first two days of the week, the single currency was moving down ahead of FOMC minutes publication on Wednesday. However, having not received any clear indications on the rate hike timing from the Federal Reserve, the market reacted  by putting greenback under pressure and letting EUR rise above 1.1285. On the other hand, European data was mostly upbeat with current account figures being higher than expected andPMI numbers coming out in green light.Next week, the market is waiting to know the euro zone’s M3 money supply, but a block of less important economic news will be also published next Friday.

EUR/USD (D1; 22 August 2015)
http://savepic.org/7660986.png

Trade guidelines:
In terms of technical levels, resistance can be found at 1.1314. Having passed this level, the pair will most likely move towards 1.1370. The support is seen at 1.1119.  Please bear in mind that next week will bring considerable volatility to the market as US GDP is published after series of other important news such as Core Durable Goods Orders, New Home Sales and CB Consumer Confidence.


NZD/USD might be slowing down after a three-month free fallconstantly meeting support at 0.65 this month. Despite the downturn in New Zealand employment and falling commodity prices, the fact that Russia lifted its ban on NZ dairy products gives hope to the farming sector, which is a significant part of the country’s economy. The PPI came in green for the first time in a year at -0.3%. We have also recently seen the average earnings rise at an annualized 2.8% pace, while wage inflation saw a healthy 1.6% year-over-year gain.Next week will be important for NZD/USD price action development, as NZ Trade Balance data is published together with Construction Work Done details, not to mention the US GDP.


NZD/USD (W1; 22 August 2015)
http://savepic.org/7666106.png

Trade guidelines:
New Zealand dollar has been trapped inside a descending triangle chart pattern right above the key support level at 0.65. This is a clearly bearish sign, as descending triangle is a continuation pattern. Accordingly, breaking below the 0.65 level would open up new horizons for the pair to fall – 0.62 level (the lows of 2009).


USD/CAD was trading close to the key support/resistance level at 1.3063 without any indication of a trend developing in any direction.This week’s data from Canada showed increase in Foreign Securities Purchases and Wholesale Sales rising at 1.3% pace versus 1% expectations. Core CPI and Retail sales data also came out in green colour. Next week, the market is expecting Canadian IPPI and RMPI data. The rate hike expectations in the US prevail in the market, so chances are the pair will aim even higher next week.

USD/CAD (D1; 22 August 2015)
http://savepic.org/7665082.png

Trade guidelines:
The market expectations are mostly bullish with the price target set at 1.32 level. However, we might see some correction developing before bulls gain momentum. The forecast for next week is firstly easing to 1.2850 where the support will be found and bouncing back above 1.30. Breaking through 1.32 would suggest placing longer-term ”buy” orders.


AUD/USD was lowering even further this week after opening trades at 0.7373 on Monday morning. The downbeat testimony on aussie received from RBA governor Glenn Stevens sent the pair down on Tuesday as it was said that AUD depreciation is “both likely and necessary”.  The new motor vehicle sales were lower at -1.3%.Next week, data from Australia is expected including Building, Plant/Machinery, and Private New Capital Expenditures. The Chinese economy slowing down is another major factor to consider in trading, so fundamental data from this country need to be closely watched as well.

AUD/USD (W1; 22 August 2015)
http://savepic.org/7653818.png

Trade guidelines:
The moving Averages suggest the bearish trend isn’t over with current target at 0.7150. The pair might be driven to this level by the Fed rate hike decision in September (if it happens in September), as well as by further development of Chinese market situation. So far, AUD/USD has been staying within the bearish trend channel, even though we have seen some upside. As long as AUD stays in between the upper and lower trend lines, the forecasts are bearish.


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 №63 from 29/08/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD opened trades at 1.5680 this week and immediately started rising as concerns over Chinese recession weakened the greenback and caused super-volatile day for the financial markets. The pair reached as high as 1.5802 before the first correctional move was seen.  For the rest of the week, the cable was erasing gains and has passed even the formerly strong support level at 1.5425. In terms of fundamental data, the BBA Mortgage approvals were out in line with expectations at 46.0K, CBI Distributive Survey data was out in green colour at 24 versus 18 expected, Nationwide HPI showed positive reading of 3.2% growth in August and GDP numbers were in line with expectations at 2.6% YoY. Next week, data is expected from UK including Manufacturing and Construction PMI, as well as services PMI. The United Kingdom is one of the few economies that may be actually looking at a rate hike in the not-too-distant future, which is another point to consider in making forecasts of the currency’s valuation.

GBP/USD (D1; 29 August 2015)
http://savepic.org/7660660.png

Trade guidelines:
Last week, the pair was trading close to 1.5690 resistance level eventually passing through above 1.57, indicating that bullish trend was about to start forming in the nearest future. However, the volatility of this week led the cable even below the previous consolidation in between 1.5690 and 1.5425. The expectations are bullish with target set at 1.56 for the next week, but beware of higher volatility.



EUR/USD opened trades at 1.1376on Monday and was unexpectedly driven higher to 1.1713asinvestors concerned about the collapse of the Chinese Stock Exchange chose the single currency as safe heaven, if even for a short period of time.The economic data showed German GDP was out in line with expectations. American data was mostly positive with CB Consumer Confidence at 101.5 versus 93.4 expected, New Home Sales missing the expectations by only 3K, Core Durable Goods Orders growing at a steady pace of 0.6%, Crude Oil inventories coming out in green colour and GDP showing steady growth. Next week, Euro zone publishes its CPI, PMI and unemployment rate data as well as retail sales numbers. The interest rate decision is likely to give the market a higher degree of volatility. On the US side, investors will be looking at ISM Manufacturing PMI and Non-Farm Payrolls.

EUR/USD (D1; 29 August 2015)
http://savepic.org/7655540.png

Trade guidelines:
The pair is currently trading at 1.1296 after reaching its eight month highs on Monday at 1.1713. The forthcoming week promises to be no less volatile, but expectations remain slightly bullish, if not neutral. The pair might find support at 1.1116 and resistance at 1.1360.


NZD/USD was giving technical signs of consolidation constantly meeting with support at 0.65 until the beginning of this week, when the pair was harshly affected by the drop of Shanghai Composite Index. China is a crucial trade partner of NZ, so the Kiwi suffered severe losses together with other commodity currencies. This week’s data showed the Inflation Expectations were out in line with the forecast and Trade Balance deficit contracted more than expected. Next week will provide details on NZ Terms of Trade Index reading and Building Consents data.

NZD/USD (H4; 29 August 2015)
http://savepic.org/7646324.png

Trade guidelines:
NZD/USD broke through the key support level at 0.65, which opened up even more space for further decline. According to the most pessimistic opinion, the new target for this pair might be located as low as 0.62. However, as the time is coming close to September, there are many doubtful comments on the Fed rate hike decision, which eventually might be postponed to December. This will obviously support the NZD. The expectations are bearish for the next week, however, the pair might find resistance at 0.65 before falling lower. The target for next week is 0.6320.


USD/CAD reacted to the Monday news by immediately reaching its previous target at 1.32. Without much data from Canada, the pair mostly followed the moves of Shanghai Composite Index (in the morning) and the swings of the greenback (in the evening). However, the pair didn’t erase its gains as much as other currency pairs did, currently trading close to 1.32 level. Next week, investors are viewing Canada’s GDP, Trade Balance and Labor market data, which is likely to give us some very interesting moves on Friday after US Non-Farm Payrolls data publishing.

USD/CAD (D1; 29 August 2015)
http://savepic.org/7637108.png

Trade guidelines:
Technically, the loonie has reached its previous target at 1.32 opening up new space for further rise. The 1.3390 level is now in the major point of attention. On the downside, 1.29 level will provide strong support in case we see unexpectedly disappointing data from US. The moving averages are pointing upwards, but the corridor has not been formed yet, so bearish correction  is possible.


USD/JPY was sent as low as 116.19 when investors turned their attention to Japanese bonds amid the situation in China. However, strong yen is not good for the Japanese economy as it diminishes the competitiveness of its global exports. On Wednesday, Bank of Japan governor said that the country will contribute to raising the growth potential of the economy through Quantitative Easing, which weakened yen in a matter of minutes sending USD/JPY back to 121.10 level with subsequent consolidation at 120.85. On Friday, the Japanese data was mixed:National CPI reading was flat versus negative figure expectations, while household spending rose modestly 0.6%. Retail sales data was positive with 1.6% growth figure. Next week, economists are waiting for Japanese Industrial production, Capital Spending and overtime pay data.

USD/JPY (D1; 29 August 2015)
http://savepic.org/7639156.png

Trade guidelines:
Ignoring the spike that occurred earlier in the week, the quick recovery of USD/JPY points out to the fact that the currency is likely to remain trading above 120.00, as Bank of Japan remains committed to keeping the currency weak. The expectations are neutral, however, we might see a little bit of the upside at 121.53.In our opinion, intraday tactics will prove to be the most winning


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 №64 from 05/09/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD This week was rather negative for the pound, which showed a considerable decline since opening trades at 1.5406 on Monday. Percentage wise, GBP/USD did show the expected change in price, although in the direction opposite to the one forecasted by analysts. On Monday, the cable’s decline was stipulated by stronger dollar, but negative Manufacturing PMI data of Tuesday did not support the pair either, sending it as low as 1.53. The Construction PMI was also lower on Wednesday, and Services PMI numbers came out in red light on Thursday, too. Eventually, the pair end up trading at 1.5245, almost 6 figures lower than the highs of the previous week. Next week, data is expected from UK, including BRC Retail Sales Monitor, Manufacturing and Industrial Production, Trade Balance and interest rate decision. Extremely high volatility is expected on Thursday and Friday next week.


GBP/USD (D1; September 5 2015)
http://savepic.org/7604990.png

Trade guidelines:
Taking into consideration bearish movements of this week, it is clear that market will be expecting to see some correction very shortly. While it is unlikely that interest rate will be changed next week, the ratio of MPC member votes will be very important for the direction of GBP. It is expected that the pair will aim to recover its positions and return to its previous consolidation corridor in between 1.5425 and 1.5690in September. Talking long term trades, it seems as a very advantageous time to open long positionsnow with target set at 1.58 for when MPC actually raises the interest rate next year.



EUR/USD stayed within its consolidation between 1.1156 and 1.1330 after opening trades at 1.1174 on Monday, but Friday showed a considerable decline to 1.1174 level.Data showed positive CPI dynamics in euro zone, after which we saw a great contraction of German Unemployment and EU unemployment in whole. However, Manufacturing PMI was slightly lower than expected at 52.2 versus forecasts of 52.4. The PPI data was in line with expectations while Services PPI and Markit Composite PMI came out in green light. Retail Sales were also higher than expected. The Eurogroup meeting is scheduled for next Friday, so the outcome and any comments from theofficialswill be closely watched by investors.

EUR/USD (D1; September 5 2015)
http://savepic.org/7610110.png

Trade guidelines:
The forecastsfor EUR/USD are mostly bearish in view of few factors. Firstly, it is the inflation expectations in Euro Zone. As was previously stated by European Commission officials, the inflation targets can possibly be missed in view of lower commodity prices. Subsequently, this can lead to adopting further QE measures, which will push the single currency lower. On the US side, the expectations of a rate hike still prevail – it is only the timing that is not clear. By the end of this year, experts are again expecting the parity. In medium term, opening short positions with take profit level at 1.09 seems to be a viable option.


NZD/USD started losing ground on Monday amid strengthening of the greenback despite higher than expected Building Consents number. This week, data from New Zealand also suggested that Terms of Trade Index was higher than expected in the second quarter at 1.3%, while Private Sector Credit rose 0.6%, higher than anticipated. The pair was supported on Thursday when the attention point returned from Chinese turmoil back to the US side. Next week, investors are viewing NZ Current Account and Interest Rate decision, which, can possibly be lowered. The pair is currently trading at 0.6373.

NZD/USD (H4; September 5 2015)
http://savepic.org/7667441.png

Trade guidelines:
After previously breaking through the strong support level at 0.65 level, the pair set its next target at 0.6196 (lows of July 2009).  Both fundamental and technical data indicate there is still much space for decline with moving averages pointing down. QE implementation in NZ is also possible at the end of this year. The main points of attention are Chinese economy growth, Interes rate decision in the US and NZ fundamental data.


USD/CAD started forming its bullish trend in the beginning of April and the pair did not break out of the corridor even once since then. Moreover, the most recent developments show that bearish activity is forming somewhat a narrower trend corridor close to the current resistance level, which indicates a high likelihood of sharp rise in the near future. Canadian data was mixed with current account deficit widening even more than expected, GDP growing by 0.5% in the second quarter, and Trade Balance deficit contracting almost twice more than expected with 0.59B figure against  -1.30B forecast.

USD/CAD (D1; September 5 2015)
http://savepic.org/7655153.png

Trade guidelines:
After passing the previous target of 1.32, the pair was expected to soar even more rapidly to the next target at 1.3420. However, this week showed a more modest growth pace. The forecasts remain bullish for the long term, and the current target might be reached as soon as next week, according to the technical data. Support might be found at 1.3122. Moreover, the RSI indicator suggests the “overbought” zone has not yet been reached, which means market can open with a gap on Monday, so beware of the sharp moves.


AUD/USD opened trades at 0.7153 and was moving down for the rest of the week reaching the psychological level of 0.70 and even falling lower to 0.6982 on Wednesday. The Australian data was mostly negative as ANZ Business Confidence was down 29.1% in August, Current Account deficit widened more than expected, GDP did not show the anticipated growth pace and retail sales volumes contracted 0.1%. On the US side, the ISM Manufacturing PMI came out in red light, ADP Nonfarm Employment Change was lower than predicted and ISM Non-Manufacturing PMI, on the other side,showed robust growth in August. Next week, data is expected including Chinese Caixin Services PMI, NAB Business Confidence, Australian Home Loans, employment data from Australia and Chinese CPI.

AUD/USD (D1; September 5 2015)
http://savepic.org/7645937.png

Trade guidelines:
Talking of AUD, there have not been any major changes to the expectations both in the long and medium terms. The pair continues its downfall within the boundaries of its moving averages, while there is no support seen for the pair in terms of Australian fundamental data. The new target is set at 0.6873, which might be reached in course of two following weeks. On the upside, the pair might see some resistance at 0.7064, from where the bearish move will continue.


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 №65 from 12/09/2015 

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD As forecasted by our analysts, the pound was in the recovery mode this week after opening trades at 1.5176 level. On Monday, the cable gained as many as 96 points, which was followed by a rise of 120 points on Tuesday. Although, GBP/USD suffered losses on  Wednesday, when disappointing data indicated contraction of British Industrial Production by 0.4%. Meanwhile, manufacturing production was down as much as 0.8% and Trade Balance deficit widened more than expected. On Thursday, the outcome of BoE MPC meeting showed the ratio of votes on interest rate has not changed since the last month: 8 to 1. Next week, data is expected from the United Kingdom, including CPI, Average Earnings, Claimant Count Change and Retail Sales.

GBP/USD (D1; September 12 2015)
http://savepic.org/7706955.jpg

Trade guidelines:
Looking from the technical perspective, the pound has returned to the previous consolidation corridor in between 1.5425 and 1.5690. It is expected that fundamental data will act as the main catalyst for the breakthrough above 1.55 to continue the bullish trend. The main focus remains on the US side, where interest rate decision is long awaited.



EUR/USD was higher this week after opening trades at 1.1146 on Monday. Tuesday GDP figures came out in green colour exceeding the expectations of experts by 0.1% QoQ and by 0.3% YoY. Germany continued to show stable economy data with Trade Balance proficit at 22.8B. The Eurogroup meeting is taking place today, while next week will provide additional information on the euro zone economy: Labor Market Data, Trade Balance, CPI and Current account reading. On the US side, the market is looking at retails sales, Core CPI, Philadelphia Fed Manufacturing Index and Fed Interest Rate decision.

EUR/USD (D1; September 12 2015)
http://savepic.org/7704907.jpg

Trade guidelines:
The forecasts for EUR/USD are mostly bearish in view of the possibility of a rate hike in the US. Currently, the pair is seeing support in 1.0820 area and resistance at 1.1350, but experts are expecting the parity with the US dollar as soon as 2016. The comments from ECB officials indicated that euro zone easing program will be further implemented in view of concerns over lower than desired inflation growth rate, which will also affect the single currency in the negative way.


NZD/USD was slightly lower on Monday after the market opened trades close to 0.6285 area. However, the interest in riskier assets was heated up on Wednesday amid rumors of China introducing additional easing measures to support its economy, which sent the pair higher to 0.6421. The recovery did not last long, as RBNZ cut its interest rate on Thursday to 2.75% from the previous 3%. The market reacted by revaluing NZD/USD at 0.6254 level despite the positive data on electronic card retail sales. Next week, economic data from New Zealand consists of the current account and GDP.


NZD/USD (H4; September 12 2015)
http://savepic.org/7705931.jpg

Trade guidelines:
While it is expected that NZ GDP will not exceed the growth rate of the previous year, main point of attention is seen as the situation in the Chinese markets. The economic data from China will be published next week including Industrial production, retail sales and house prices. The expectations are mostly negative, especially in case of strengthening of the US dollar. The pair’s new target is set at 0.6160, which might be reached as soon as next week. On the upside, we might see the pair testing 0.64 level, which will be followed by a sharp decline shortly after.


USD/CAD continued forming its consolidation close to the upper resistance level of the bullish trend, which started forming back in the beginning of April. Current consolidation is a clear indication of the fact that loonie will continue weakening against its US counterpart. This week, Canada showed some robust economic data with Housing starts exceeding expectations of experts by almost 27 thousand, while Building permits number contracted by just 0.6% versus 5 percent expected. However, Capacity Utilization Rate and New housing price index were lower in red colour. Next week, investors are viewing the manufacturing sales and Foreign securities purchases, as well as Core CPI data.

USD/CAD (D1; September 12 2015)
http://savepic.org/7695691.jpg

Trade guidelines:
1.3106 has proved to be a reliable support level, however, the pair has already risen way more to its current 1.3254 level, where the consolidation is taking place. It is highly unlikely that any prolonged strengthening will be observed in loonie, as it is well possible for the Fed to raise interest rates next week. The fundamental data from Canada was mixed last month, so it is also possible for the pair to continue its consolidation. It would be reasonable to place buy stop orders just above 1.33 while benefiting from intraday moves in this pair until we see further developments.


AUD/USD was rising from its six-year lows this week currently trading at 0.7071. The market opened at 0.6917 on Monday, but demand for riskier assets, which was heated by the comments from Chinese officials, sent the pair higher. In terms of fundamental data, Australia did quite good this week with NAB Business confidence coming out at 1 versus 0 expected, while Labor market data also being impressive. On the other hand, Australian Home loans and Westpac consumer Sentiment were lower than expected. Next week, the market expects data on new motor vehicles sales.

AUD/USD (D1; September 12 2015)
http://savepic.org/7693643.jpg

Trade guidelines:
Looking from technical perspective, the moving averages are still pointing down without intersections and even with the recent rise, the expectations remain bearish as there are plenty of fundamental reasons for the pair to continue falling, including Chinese economy slowing down, low oil prices and interest rate hike in the US.

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 №66 from 19/09/2015 

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD opened trades on 1.5429 level on Monday, which was followed by a very choppy and volatile trading week. The British jobs market seems to finally have gotten on the recovery path. Employment data is up with Average Earnings Index showing 2.9% growth in July, which is a very healthy reading. Meanwhile, there are signs that productivity (the big missing element of the UK's recovery so far) is also improving. The number of people employed rose by 42,000 in the second quarter and the employment rate (the percentage of people in work) is at a record high of 73.5%. Despite inflation remaining very low and despite a high chance it will turn negative again in the coming months, there is no reason at the moment to worry about a period of bad inflation. The British CPI was flat this month after modest 0.1% growth in the previous month. Next week, there is no significant data expected from the UK.

GBP/USD (D1; 19 September 2015)
http://savepic.org/7676815.jpg

Trade guidelines:
GBP/USD is currently trading at 1.5627 with immediate resistance at 1.5683. Despite the weakness in the USD, cable had hard time rising above 1.56 level, so next week we might see some flat trading. Although, having risen above 1.57, the pair is likely to test 1.5767 level. The market did not take the dovish tones of Fed very well, so speculations over interest rate hike in the UK by BOE might cause very high volatility.



EUR/USD opened trades at 1.1330 level on Monday and was able to increase its gains to pass 1.14.  This week was highly talked about in anticipation of a possible rate hike in the US. Retail sales from the states came in lower than expected Tuesday morning, while overall U.S. consumer spending appeared to grow at a fairly steady pace in August. USD rose briefly amid the news, which only shows how optimistic the traders are about the greenback. Core CPI was out in line with expectations and the number of issued building permits was higher than expected at 1.170M. Meanwhile, euro zone provided mixed signals as German ZEW economic sentiment was out lower than expected on Tuesday – way below estimates and lower than August numbers. However the employment change and trade balance came in positive. Next week, data is expected including Manufacturing PMI of euro zone and the US, New home sales and GDP figures from the US.

EUR/USD (D1; 19 September 2015)
http://savepic.org/7668623.jpg

Trade guidelines:
EUR/USD is back to the long term price range after the volatile trades of August. Trading just above 1.14, the pair showed some gains amid Fed leaving the interest rates at their lowest ever. However, the Thursday gains are not likely to remain there for a long period of time, so we are expecting the single currency to move down to its comfortable level of 1.1320.


NZD/USD was confidently rising this week, except for Thursday, when the pair lost its positions as markets were in anticipation of the Fed Policy meeting outcome while NZ GDP was lower than expected at 0.4%. However, we saw steady price growth from 0.6313, where the market opened on Monday, to the current level of 0.6417. NZ Current Account was out in green colour at -.122B versus expectations of deficit widening to -1.50B. Next week’s data includes External Migration and Visitors right before the Trade Balance data.

NZD/USD (D1; 19 September 2015)
http://savepic.org/7672719.jpg

Trade guidelines:
0.65 level continues to be a a massive resistance barrier that the market simply cannot get above at the moment. With this, we believe that short-term rallies will continue to offer selling opportunities in this market. There is no point in buying this pair at the moment, and we believe that sooner or later there will be a significant fall, On the other hand, if the pair breaks above the 0.65 level, then we can start to expect a bit of a trend change.


USD/CAD closed slightly lower last week as buyers reduced positions ahead of the Federal Open Market Committee’s monetary policy announcement on September 17. Falling oil prices probably had the biggest impact on the Canadian Dollar recently. On Tuesday, US Core retail Sales figures supported the loonie and Wednesday was another opportunity for CAD to gain ground amid American data in red and Canadian Manufacturing Sales rising 1.7% versus 1% expected by analysts. Not to mention the unchanged interest rate in the US, much uncertainty was coming from inside the Fed that would like to see long-term inflation reach its targeted goal of 2% before it lifts its benchmark interest rate for the first time since 2006. This caused even further fall of USD/CAD on Friday, to its current 1.3065. Next week’s data consists of Canadian Core Retail Sales and the US economic data.

USD/CAD (D1; 19 September 2015)
http://savepic.org/7726990.jpg

Trade guidelines:
USD/CAD is expected to continue its long-term rising trend and the target is set at 1.35 level. However, the decline of this week will find support just at 1.30, which proved to be a great resistance level in the past, so is very likely to be as supportive now. Overall, it is a great time to open long-term “buy” positions, as no additional contractions are expected ahead of this bullish trend developing further.


AUD/USD was a heavy gainer soaring above the 0.72 level after the Fed decision.  The Australian dollar rose to a four-week high earlier this morning after the US Federal Reserve decided to leave interest rates on hold, citing weak global conditions as one of the main reasons behind the decision. Investors around the world expected that September would be the month the Fed would finally increase interest rates. Instead, the decision of not changing the current policy caused a drag up in many pairs including AUD/USD. While American economy remains in the recovery mode, Australia is facing a high unemployment rate, falling commodity prices and the ongoing slowdown in China. Investors will place their positions accordingly as it is clear the pair is heading down. Next week, House Price Index numbers are announced.

AUD/USD (D1; 19 September 2015)
http://savepic.org/7717774.jpg

Trade guidelines:
AUD/USD first resistance is located at 0.7265, which presents great opportunities for selling. The market is more than likely to show more bearish pressure and below the bottom of yesterday’s range we will start looking at the next 0.70 target.

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 №67 from 26/09/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD opened trades at 1.5522 on Monday and by now has reached its 1.5223 level, down 30 points. There was bad news for the cable earlier this week when the latest UK government borrowing numbers were reported at an above-expected level. The August statistics revealed Public Sector Net Borrowing of 12.1B last month – over 10% up from the August 2014 figure. The Office of National Statistics, which published the number, explained that increase in borrowing was driven by decreased income tax revenues. Meanwhile, BBA Mortgage approvals were higher at 46.7K. Next week, the expected data from UK includes M4 Money Supply, Mortgage Approvals, GDP numbers, Manufacturing and Construction PMIs.

GBP/USD (D1; September 26 2015)
http://savepic.org/7672574.jpg

Trade guidelines:
On the bullish side for those looking for good reversal points, support at 1.5200, 1.5184 and 1.5089 could provide a bottom, which the pair will bounce from to reach its target at 1.5287, 1.5308, and then 1.5410. On the short side, risk management will be more difficult as the volatile moves of the past four trading days have left little resistance for stop placement. The general outlook is bearish in mid-term in view of the strengthening seen in dollar and a possible rate hike delay by BoE.



EUR/USD opened trades at 1.1286 on Monday and was moving down in the first half of the week amid lower Consumer Confidence report and weak PMI data from Europe. However, hawkish comments from ECB president M. Draghi subsequently pushed the single currency higher. Draghi informed the Economic and Monetary Affairs Committee of the European Parliament that slowing growth in emerging markets and the high value of the euro and falling commodities all prices are already factors frustrated expectations to enhance its purchase asset program, but that there is a need to determine whether these factors have a lasting impact. On the US side, there were also hawkish comments from J. Yellen, which helped the greenback to appreciate, pushing the euro down to where it is now – 1.1126.

EUR/USD (D1; September 26 2015)
http://savepic.org/7728881.jpg

Trade guidelines:
EUR/USD consolidated in a range between 1.1298 and 1.1104. The intraday technical picture for the pair is bullish, as we see the price moving close to the anticipated support level close to 1.11. However, our forecast for the week ahead is mostly bearish, especially if the US GDP, reported later today is in green colour. We are expecting that euro zone inflation data of next week will be lower than expected as falling commodity prices and general economy outlook seem grimmer. This can eventually push the price lower to the 1.0980 area.


NZD/USD struggled last week after GDP report showed the New Zealand economy grew slower than expected. However, the pair was able to recover after the Fed passed on an interest rate hike. Although, this week started with heavy losses as investors were going long on the US dollar after the greenback’s initial fall. This was followed by wider than expected N.Z. Trade Balance deficit data, which pushed the pair even lower. On Thursday, Fed chair J. Yellen provided strong indications that most of her colleagues will support the interest rate hike decision, which caused the USD price to rally. Next week, data is expected from New Zealand including Building Consents, ANZ Business Confidence and Private Sector Credit.

NZD/USD (D1; 26 сентября 2015)
http://savepic.org/7703281.jpg

Trade guidelines:
NZD/USD tried to fall during the course of the day on Thursday, but turned back around to form a relatively positive candle. There is a massive amount of resistance above 0.6393, so at this point there is no interest in buying this asset. Contrary, we believe that any candle above this level will simply be a nice selling opportunity to take advantage of.  Currently, 0.65 level is seen as an absolute “ceiling” of this instrument.


USD/CAD opened trades at 1.3227 this week and was mostly moving up as there was higher demand for the greenback, while Canadian data was mostly negative. The Wholesale sales were out flat versus 0.8% growth expectations, as well as Core Retails Sales numbers that came in at zero, below 0.4% expected. Next week, data is expected from Canada, including IPPI, RMPI, GDP figures and RBC Manufacturing PMI.

USD/CAD (D1; 26 сентября 2015)
http://savepic.org/7704305.jpg

Trade guidelines:
USD/CAD initially broke higher this Thursday, even getting above the 1.34 level. However, there was enough resistance in that area to turn the pair back and as a result a shooting star formation occurred. The shooting star, of course, is a negative candle, so further losses can be expected as a result. A pullback at this point in time should be a buying opportunity, as the pair’s potential of reaching 1.35 level remain very promising. The moving averages are still pointing up, but the graph moved a little bit away from the upper border of the bullish trendline.


AUD/USD suffered significant losses this week with Caixin Manufacturing PMI falling to its 47-week lows with 47.0 reading. The pair was subsequently pushed down by hawkish comments from the Fed with expectations of a rate hike still driving USD price higher. Next week, data is expected from Australia - Building Approvals, Housing Credit, Private House Approvals and Retail Sales. From Chine, market expects Manufacturing PMI data. On the US side, investors are viewing Pending Home Sales, CB Consumer Confidence, ADP Nonfarm Employment Change, ISM Manufacturing PMI and, of course, Nonfarm Payrolls.

AUD/USD (D1; 26 сентября 2015)
http://savepic.org/7702257.jpg

Trade guidelines:
AUD/USD initially fell during Thursday trade, breaking below the 0.70 level. However, there was enough support just below to turn the move back around, creating a hammer formation. Because of this, and the fact that the gold markets shot much higher should mean that this pair goes higher in the short-term, perhaps reaching towards the 0.7150 handle. On the other hand, a break down below the bottom of the hammer would be very bearish. Any considerable price rallies present great opportunity for selling this asset.

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 №68 from 03/10/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD remains under pressure, having extended its decline down to 1.5106 against the greenback, before managing to bounce back 1.5149. In the UK, the September Markit manufacturing PMI resulted better-than-expected, printing 51.5 against market's  forecast of 51.3. The British GDP figures disappointed analysts with lower than expected economy growth rate. The Construction PMI was also in green colour at 59.9 versus 57.5 expected. Next week, the data is expected from UK including Services PMI, Manufacturing Production and interest rate decision.

GBP/USD (D1; October 2, 2015)
http://savepic.org/7766149.jpg

Trade guidelines:
The September month closing came well below 1.5185.The bearish closing was witnessed after sterling failed to sustain above 1.5568. Thus, the prospects of a further sell-off to 1.4950 are high. A daily close below 1.4950 shall open doors for a re-test of 1.4814. However, the oversold conditions on the intraday charts may fuel a technical correction. In case the NFP is weak, a minor rally could run into offers in the range of 1.5350-1.5450. On the other hand, sterling could see a minor dip to 1.50, before rallying sharply to 1.55-1.5568 in case the strong NFP stabilized markets.



EUR/USD is down 30 points and is trading at 1.1159 near the bottom of its trading range. The single currency retreated from highs of this week against its major counterparts, after data showed that the private sector growth in Germany and euro area eased slightly in September. German manufacturing PMI slipped to 52.3 in September from 53.3 in August, although the sector still enjoyed its best quarter for over a year. The manufacturing PMI fell to 52, in line with forecast, from 52.3 in August. The composite output index dropped to 53.9 from 54.3 in August. It was expected to fall to 54. Separate data showed that Germany's private sector growth slowed slightly in September. The manufacturing PMI slid to 52.5 from 53.3 a month ago. It was expected to fall to 52.6. Next week, data is expected from euro zone including Services PMI and Retail Sales.

EUR/USD (D1; October 2, 2015)
http://savepic.org/7767173.jpg

Trade guidelines:
The pair is currently trading at 1.1159, close to the bottom of its range at 1.1138. Upcoming moves will depend purely on the result of the US employment data, although seems unlikely that the report will be enough to set a clear directional move for the upcoming sessions. The support level is seen at 1.1109 while strong resistance is located at 1.1296.


USD/CAD lost 43 points to 1.3236 after the pair rose to over 1.34 earlier in the week. There is not much data expected from Canada on the economics calendar to support moves today, but Chinese PMI release earlier this week helped the commodity currencies to trade on a stronger note. The jump in oil prices was also helping the CAD this week. Currency traders are now looking forward to the prospect of possible political changes in Canada following next month’s elections. CAD strengthened after the Canadian economy rose for second month in a row. The Canadian GDP rose 0.3% MoM in July, driven by growth in energy production, manufacturing and service sector. Next week, the market is expecting the trade balance data, Ivey PMI and employment change data.

USD/CAD (D1; October 2, 2015)
http://savepic.org/7771269.jpg

Trade guidelines:
As long as 1.3011 support remains strong, outlook stays bullish with expectations for another rise. However, break of 1.3011 will indicate medium term contraction and would turn expectations bearish. In the bigger picture, up trend from 0.9406 is still in progress. There is no clear sign of trend reversal yet. The break of 1.3011 will be the first sign of reversal and would probably target a test on 1.1919 support.


AUD/USD shifted down 7 points to 0.7028 as the pair moved between ups and downs after retail sales met expectations and home sales beat the last month numbers. Australian retail sales rose in August due to a high degree of consumer resilience despite a broader economic slowdown. Retail sales rose 0.4% MoM in August after a 0.1% contraction in July according to the Australian Bureau of Statistics. GDP growth in the second quarter slowed dramatically from Q1 amid a slowdown in China, Australian biggest trading partner. Next week, Australian data consists of Trade Balance, Interest Rate decision, HIA New Home Sales and home Loans. On the US side, the market will be closely watching the ISM Non-Manufacturing PMI.

AUD/USD (D1; October 2, 2015)
http://savepic.org/7764101.jpg

Trade guidelines:
The overall outlook for this instrument remains neutral. Consolidation from 0.6905 could extend with another rise. Above 0.7095, the pair will target 0.7278 resistance and above. On the downside, firm break of 0.6905 will bring down trend continuation. In long-term, the down trend from 1.1079, 2011 high, is still in progress. It would be reasonable to start being cautious if AUD/USD approaches 0.6008 key support level. Meanwhile, break of 0.7625 resistance would turn it into support, which would give the first sign of medium term growth. Otherwise, outlook will stay bearish.

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 №69 from 09/10/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD is slightly up against a weaker US dollar. The pound rose 15 points to trade at above 1.53. The British Pound may continue higher after showing the largest two-day advance in three weeks as the Bank of England leaves the interest rate unchanged. Markets were most concerned with the ratio of votes of the MPC committee, which eventually was displayed as 8 to 1. The recent news-flow from UK has increasingly improved relative to the previous forecasts since September sit-down. The inflation expectations and 2015-16 GDP growth bets have also improved over the same period. This means a dovish turn in policymakers’ mood is highly unlikely. GBP began its rise on Wednesday after the release of some positive data. The cable surged as industrial production rose three times more than expected in the month of August, which was a breath of fresh air after back-to-back data disappointments. Next week, investors are viewing the British CPI, Average earnings and unemployment rate data.

GBP/USD (D1; October 9, 2015)
http://savepic.org/7742269.jpg

Trade guidelines:
GBP/USD went back and forth during the course of the session on Thursday, forming a relatively neutral candle, but there was quite a bit of volatility during the day, which of course means that it will be very difficult to plan for a long-term trade at the moment. It would be sensible to use selling opportunities on signs of exhaustion of any rise, and as a result that is exactly what the market is waiting for. There is a strong resistance located at the 1.55 level, so having said that, there is absolutely no interest in mid-term buying.


EUR/USD is trading at 1.1337 having passed the top of its recent trading range. Having received the ECB policy minutes data, traders remained concerned over German trade balance which continued the line of German lackluster data this month. The US dollar continued to weaken as traders become more certain that there will be no interest rate increase in 2015. While the central bank has signaled a willingness to expand stimulus as needed, a swift rebound in inflation expectations since late August has probably defused the need for near term action. Next week, data is expected from euro zone including German ZEW Economic Sentiment, Industrial Production and CPI.

EUR/USD (D1; October 9, 2015)
http://savepic.org/7743293.jpg

Trade guidelines:
EUR/USD edged higher on Thursday as the FOMC minutes didn't provide any clear insight into rate hike timing. For most of hawkish indication, there was an offsetting "however." The minutes showed "many members" thought rate hike conditions had been met or would be met soon. However, "several members" were worried that the downside risks to growth and inflation had increased. The currency pair passed the resistance near 1.13. Support on the exchange rate is seen near the 200-day moving average at 1.1150. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a buy signal.


USD/CAD is trading at 1.2936 down by 18 points as the US dollar weakened and global commodities rebound. The Canadian dollar rose for the eighth day, its longest stretch of gains since June 2014, as advancing crude-oil prices led some traders to cancel bets against the currency. The loonie is rebounding from last week’s 11-year low. This week, the Ivey PMI was in red colour at 53.7, slightly lower than expected, while building permits data was also negative at 3.7% contraction rate versus 0.8% growth expected. However, the number of housing starts was higher than the forecast, coming out at 230.7K. Next week’s data that is likely to affect the loonie includes Foreign Securities Purchases and Manufacturing Sales.

USD/CAD (D1; October 9, 2015)
http://savepic.org/7747389.jpg

Trade guidelines:
USD/CAD has been falling on the daily timeframe since the release of GDP report on September 30 after it broke out of the consolidation triangle following the Federal Open Market Committee decision on September 17. It is expected that the bearish momentum will continue. A pending order to sell can be placed below 1.2867  level, with the stop loss the current price at 1.2930. After placing the pending order, the stop loss is to be moved every day following the bearish moves.


NZD/USD rose 4 points against weaker US dollar as traders evaluated the continued decline in global commodities after the IMF downgraded growth. The kiwi is trading at 0.6706. The effects from another positive dairy auction and an improvement in global sentiment are supporting the New Zealand dollar. Dairy prices were up almost 10 per cent at the Global Dairy Trade auction on Tuesday, the fourth consecutive lift. The next potential market-moving event was the reopening of the Chinese share market, which took a week-long break for the country's national holiday. Broad stabilization in risk appetite, combined with a less gloomy outlook for the NZ dairy sector, appears to have extended recent upward momentum. Next week, N.Z. publishes its Food Price Index, RBNZ Offshore Holdings figures, Business NZ PMI and CPI.

NZD/USD (D1; October 9, 2015)
http://savepic.org/7737149.jpg

Trade guidelines:
NZD/USD pair broke higher during the course of the session on Thursday, testing the top of the shooting star from Wednesday. With that being the case, the market looks as if it is ready to make a serious charged towards the 0.6750 level. It’s not going to be easy, but if the pair breaks above the top that shooting star we expect that level to be reached. On the other hand, if a decline is seen below the bottom of the shooting star we think it is a selling opportunity to the 0.65 level.

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 №70 from 16/10/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD continued to rally adding 11 points to trade at 1.5489 before settling at 1.5425 on Friday. Wednesday’s UK unemployment figures helped send the cable higher against the other most actively traded global currencies. The pound had been rising during early trading this week following the publication of the latest UK inflation data which revealed that, for only the second time since the 1960s, domestic prices had dropped during the twelve months to September. It is expected that there will be some slowdown in overall GDP growth in the third quarter, reflecting more uncertain global conditions, but the health of the jobs market will continue to underpin the domestic economic recovery. A summer burst of job creation in the UK economy has pushed the employment rate to a record high and brought down the jobless rate to its lowest level in seven years. There were 31.12 million people in work, an increase of 140,000, in three months to August, the Office for National Statistics reported. That took the employment rate to 73.6 per cent, the highest since comparable records began in 1971. At the same time, the number of unemployed dropped by 79,000 and the jobless rate fell to 5.4 per cent, hitting its lowest since May 2008. Next week, Britain publishes Public Sector Net Borrowing figures and Retail sales data.

GBP/USD (D1; October 16, 2015)
http://savepic.org/7814591.jpg

Trade guidelines:
The cable experienced minor volatility on Thursday, ultimately suffering a slight decline on mixed US economic data. Nevertheless, the Sterling remains at a three-week high, but the situation might change today. The resistance is located around 1.5485, lowering the pound's chances of edging higher. The support area just above 1.54 is also unlikely to give in, suggesting that the GBP/USD is to remain within the borders of current consolidation. Furthermore, technical indicators shifted from bullish to mixed both in the daily and the weekly timeframes.


EUR/USD ticked up 35 points to trade at 1.1439, subsequently coming back to trade at its current 1.1364 level as the greenback recovered a bit and traders prepared for the upcoming ECB meeting. The single currency tumbled against its major counterparts, retreating from a seven-week high versus the dollar, after European Central Bank policy maker Ewald Nowotny said the institution is “clearly missing” its inflation targets and suggested “additional” steps may be necessary to achieve growth. Today’s CPI report confirmed consumer prices in the euro zone fell last month for the first time since March. European Central Bank Governing Council member Ewald Nowotny said both headline and core inflation in the euro area are “clearly” undershooting the institution’s goal, signaling that more stimulus may be needed. The main fault for this is the dramatic fall in the price of oil and raw materials. The single currency has been appreciating in recent weeks over concerns about the first US interest rate rise in nine years. Next week, euro zone publishes its current account figures, the interest rate decision and PMI numbers.

EUR/USD (D1; October 16, 2015)
http://savepic.org/7800255.jpg

Trade guidelines:
Yesterday’s break of 1.1459 resistance suggested that rise from 1.1086 is resuming while at the same time the rebound from 1.0461 is still not finished. Intraday expectations are on the upside for 1.1513 resistance and possibly above. At this point, strong resistance can still be found at 1.3993. On the downside, minor support is located below 1.1343. In the bigger picture, overall price actions from 1.6039 long term top is viewed as a corrective pattern with fall from 1.3993 as the final decline.


USD/CAD dipped 28 points as the US dollar recovered a bit yesterday while the rise in gold was offset by the declines in oil. The CAD is trading at 1.2894. The strong dollar weighed on manufacturing and tourism spending in the US while the economy continued its “modest expansion” in recent weeks, the Federal Reserve said in a report on Wednesday. Eleven of the central bank’s 12 districts reported growth, according to the Beige Book survey of economic conditions from mid-August through early October. One district hit hard by the fall in oil prices, the Kansas City region, reported a slight dip in economic activity. However, consumer spending, driver of two thirds of the US output, grew moderately, led by sharper gains in auto sales. Nonfinancial services activity mostly strengthened and the housing market, which has been a bright spot in the economy, improved. Overall, the report was upbeat about the economy. The pair is expected to find support at 1.2865, and a fall through could take it to the next support level of 1.2825. The pair is expected to find its first resistance at 1.2985, and a rise through could take it to the next resistance level of 1.3064. Moving ahead, investors will look forward to Canada’s Core Retail Sales and Core CPI data scheduled for next week?

USD/CAD (D1; October 16, 2015)
http://savepic.org/7856574.jpg

Trade guidelines:
USD/CAD pair initially tried to rally during the course of the day on Thursday, but fell significantly after that. With that in mind, the market looks as if it is going to reach towards the 1.27 handle. That is the bottom of the support region that extends from there all the way to the 1.30 level. If the pair can break down below the 1.27 handle, the market should continue to go much lower. On the other hand, if there is some type of supportive candle, that could be an excellent buying opportunity as the market has been so oversold recently.


NZD/USD fell 22 points to 0.6805 as traders worry about growth rates in Asia and the problems brewing in the Chinese economy. The currency has enjoyed its recent rise, supported by renewed weakness in the US dollar as prospects of a rate hike from the US Federal Reserve start to look more postponed. Analysts said the currency was reflecting better news on the domestic environment - notably a big bounce in dairy prices - and easing concerns about China's economic growth prospects. Inside N.Z., whole milk powder prices have rallied by 89.5 per cent since hitting a low of US$1490 a tonne in August. In New Zealand today, the focus was on third-quarter inflation data, which was also higher than expected. The consumers price index slowed to 0.3 percent from a 0.4 percent pace in the second quarter, while a decline to 0.2% was anticipated. Next week, New Zealand is publishing its employment data.

NZD/USD (D1; October 16, 2015)
http://savepic.org/7860670.jpg

Trade guidelines:
NZD/USD pair initially went up during the course of the day on Thursday, but ran into a bit of trouble at the 0.69 level. Eventually, the pair ended up forming a bit of a shooting star. The shooting star of course is a negative sign, but NZD had broken above a significant amount of resistance at the 0.6750 level, and as a result a pullback from here should attract quite a bit of support, as the area had been so resistive. With this, the market is looking at pullbacks as potential buying opportunities.

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

70 (edited by Ekaterina Fechina 2015-10-24 14:25:19)

Re: Analysis from a European broker Forex.ee

Issue №71 from 23/10/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD rose 44 points to 1.5460 after retail sales beat forecasts of analysts. UK retail sales grew for the 29th month in September. Sales in the month grew 6.5% from the same month of 2014, the Office for National Statistics (ONS) estimated. The British data also showed decrease in the Public Sector Net Borrowing from the previous reading of 10.79B to its current 8.64B versus expectations of 9.40B. Next week, UK publishes its GDP figures and mortgage approvals data.

GBP/USD (D1; October 23, 2015)
http://s012.radikal.ru/i319/1510/d8/b784c4d6205b.png

Trade guidelines:
GBP/USD recovery from 1.5106 might extend higher but outlook is unchanged. It is believed that risk stays on the downside with 1.5658 seen as a strong resistance. This means that fall from 1.5929 is likely to resume later. However, break of 1.5658 resistance will invalidate this view and target 1.5929 resistance instead. In the bigger picture, medium term fall from 1.7190 should have completed at 1.4565. Momentum of the rebound from 1.4565 was relatively weak and the structure is somewhat corrective. Hence, price action from 1.4565 needs to be treated as developing into a consolidation/correction pattern only. Fall from 1.7190 is viewed as resuming the longer term down trend from 2.1161 and would target 1.3503 and below later.


EUR/USD declined 25 points as traders expected Mr. Draghi to deliver a speech on QE program on Thursdayand went further down extending losses by 2.0% during the conference. The euro is currently trading at 1.1138. The single currencyfell lower on Thursday after European Central Bank policy discussion when President Mario Draghireiterated QE program expansion possibility. The euro zone current account figures were out in red colour this week at 17.7B versus 20.1B expected while the interest rate was left at its previous level of 0.05%. The manufacturing PMI and Markit Composite PMI were reported to be higher than expected. Next week, data is expected from euro zone including M3 Money Supply, Consumer Inflation Expectation, CPI and Unemployment Rate.

EUR/USD (D1; October 23, 2015)
http://s013.radikal.ru/i323/1510/80/954efed4afcb.png

Trade guidelines:
EUR/USD pair approached 1.1100 by the end of the US session, and consolidated near the mentioned low, with no signs of changing bias any time soon. Nevertheless, the pair has reached a major long term support area, and given that the pair lost over 200 pips pretty much straight, it may attempt an upward corrective movement before resuming its decline. Short term, the 1 hour chart shows that the technical indicators have lost their bearish strength, but hold in extreme oversold levels. The next strong support comes at 1.1080, a long term ascendant trend line coming from 1.0591, April monthly low, which if broken, should lead to a test of the 1.1000 critical figure in the near term.


USD/CAD dipped 16 points after the Bank of Canada rate decision on Wednesday and lackluster comments from the Bank Governor. The pair is holding at 1.3083. The drop in oil and gold prices on Wednesday seriously affected the commodity currency. The Canadian dollar fell the most in three months after the nation’s central bank left interest rates unchanged while cutting its economic growth forecasts, saying the fallout from lower prices for crude oil, one of Canada’s largest exports, will be felt for longer than projected. The BoC cut its 2016 growth forecast to 2 percent, from 2.3 percent, saying capital spending by oil and gas firms will probably fall 20 percent next year as prices remain weak. Canadian Core retail sales were flat after 0.1% growth in the previous month, while retail sales were higher than expected at 0.5% beating expectations of 0.1%. Next week, Canada is expected to publish its IPPI and RMPI figures as well as GDP numbers.

USD/CAD (D1; October 23, 2015)
http://s019.radikal.ru/i626/1510/87/400350a28648.png

Trade guidelines:
The loonie broke down against the US dollar by 1.1% after the Bank of Canada revised their GDP forecasts for 2016 & 2017 lower. Larger focus remains on the breakdown of a 4-month rising channel with a 60 pip decline. The pair is coming into key resistance that could set up the answer as to whether a decline is likely to continue or a test of September highs is possible in the near future. Because price broke below 1.2950, the confidence of the longer-term uptrend is quickly waning. Today, we’ll have the last major news event out of Canada in the CPI report.


NZD/USD soared 53 points to 0.6818 recovering from excessive losses over the past few days. The kiwi took advantage of the drop in the US dollar and a better mood for Asian traders. The kiwi fell to 0.6731 on Wednesday but recovered from the overreaction Thursday morning. The New Zealand dollar had declined as commodity-linked currencies fell out of favor on concerns about global growth after oil prices dropped. The US dollar index, which measures the greenback against a basket of currencies, advanced as investors favoured less risky assets following a drop in oil prices after US crude inventories increased by the most in six months.

NZD/USD (D1; October 23, 2015)
http://s017.radikal.ru/i440/1510/24/ae4783a0beb5.png

Trade guidelines:
NZD is attempting to launch a recovery after finding support near the 0.67 against its US counterpart. A daily close above 0.6789on Thursday opened the door for a challenge of the 0.6854 level. Alternatively, a reversal below the October 21 low at 0.6698 would clear the way for a test of the 0.6613-44 area. Current positioning does not offer an attractive trading opportunity.

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 №72 from 30/10/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

USD/JPY dipped 22 points as traders slowly react to the Bank of Japan decision. Japan's core inflation rate, which excludes volatile food prices, edged down 0.1 percent in September while household incomes and spending also fell, the government said Friday. Getting consumers and businesses to spend more, a key aim of Prime Minister Shinzo Abe's economic policies, has so far proven difficult. Slow progress toward a 2 percent inflation goal has raised expectations that the central bank might announce an expansion of its already lavish monetary easing at a policy meeting but the bank held the policy steady. Next week’s data consists of Manufacturing PMI, House hold Confidence and Japanese Leading Index.

USD/JPY (D1; October 30, 2015)
http://savepic.org/7850531.png

Trade guidelines: 
USD/JPY pair initially fell during the course of the day on Wednesday but found enough support near the 120 handle the turn things back around and form a relatively bullish looking candle. With this, we believe the market will reach towards the 121.50 level, and with the Bank of Japan releasing its Monetary Policy Statement later tonight, it’s likely that the Japanese will try to bring down the value of their own currency so therefore we are leaning towards the upside anyway. On a break above the 121.50 level, this market should then reach towards the 125 handle given enough time.


EUR/USD plunged sharply lower last week, finishing at 1.1012 after  European Central Bank President Mario Draghi delivered the decisive speech that crashed the Euro with his comments about extending and expanding QE while surprising investors with talk of a rate cut. This week, traders paid attention to the German Ifo Business Climate report on October 26. The Federal Open Market Committee left policy unchanged in this week’s meeting. Traders focused on the statement and received some hints on the possible green light for the rates in December. The unemployment rate in euro zone was lower than expected at 10.8% versus 11% expected, but CPI numbers were more of a disappointment. Next week, investors are viewing the PPI numbers together with Services PMI and Retail sales data.

EUR/USD (D1; October 30, 2015)
http://savepic.org/7837219.png

Trade guidelines: 
EUR/USD bounced at the open on Thursday, as there was the uptrend line from the longer-term ascending triangle as support, and it looks like the growth is likely to continue further. Moreover, the expectations of a rate hike are back so market will be more volatile in the forthcoming weeks. It is expected that 1.11 level will hold as strong resistance while 1.08 is seen a current support level.


AUD/USD gained 35 points against a stronger US dollar after the release of some positive data. The Aussie is trading at 0.7109 but remains near the bottom of its trading range. In economic news, the Australian Bureau of Statistics said that consumer prices in Australia were up 1.5 percent on year in the third quarter of 2015. That missed forecasts for 1.7 percent, and was unchanged from the previous three months. The producer’s price index another way to value inflation climbed to 1.7% for Q3. In the currency market, the Australian dollar fell below the $0.72 mark amid struggling commodity prices. Next week, Australia will publish its economic data including AIG Manufacturing Index, Building Approvals, Retail Sales and Trade Balance. On the US side, the market will be focusing on Non-Farm Payrolls report.

AUD/USD (D1; October 30, 2015)
http://savepic.org/7830051.png

Trade guidelines: 
After posting its lowest low since October 6 at 0.7067 on Thursday, the AUD/USD is showing signs of turning the corner to the upside based on Friday’s early trade. The main trend is up according to the daily swing chart, however, momentum has been to the downside since October 12. The main range is 0.6936 to 0.7381. 0.7157 has been the primary downside target since this currency pair began selling off.


NZD/USD added 48 points to trade at 0.6742 after the release of building consents which dipped lower than expected while ANZ business confidence was out much better than expected. Traders immediately switched to kiwi ahead of the Reserve Bank meeting. The New Zealand dollar is heading into the end of the week largely unchanged against the greenback after the Federal Reserve's move to keep open a potential rate hike was offset by improving economic data and a local central bank happy to delay an interest rate cut. Next week, the N.Z. data consists of GlobalDairyTrade Price Index, Employment Change and Unemployment Rate.

NZD/USD (D1; October 30, 2015)
http://savepic.org/7831075.png

Trade guidelines: 
NZD/USD initially tried to rally during the course of the session on Thursday, but saw significant degree of resistance at the 0.6750 level, an area that is vital when it comes to the future of this pair. The fact that the pair is trying to rally to that area and then pulled back to form a shooting star like candle tells us that the sellers will more than likely continue to pressure this market.

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 №73 from 06/11/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD slid down 6 points after the Bank of England meeting and decision to hold rates and policy. The hawkish attitude from the members should be supporting the pound but it is difficult to make headway against the strong US dollar after Janet Yellen more or less assured markets that a rate increase would happen in December. The pound is trading at 1.5381. Bank of England Governor Mark Carney published the central bank’s latest forecasts for the British economy and the outlook for interest rates at its quarterly inflation report. Next week, Britain is publishing its BRC Retail Sales Monitor, Average Earnings Index, Claimant Count Change and Unemployment rate.

GBP/USD (D1; November 6, 2015)
http://savepic.org/7869472.png

Trade guidelines:
GBP/USD pair fell significantly during the course of the session on Thursday as the Bank of England developed a somewhat dovish tone. With this, there was an immediate fall to the 1.52 level, which of course is massively supportive. Because of this, the market is waiting to see whether or not cable can break down below the supportive barrier that extends all the way down to the 1.5150 level before having a clear Sell sign. On the other hand, if the pair forms a supportive candle here, it can be considered as a buying sign as the significant bounce should send this market much higher.


EUR/USD is trading at the very bottom of its range after diverging comments from the ECB and the FOMC sent the dollar up and the euro down. ECB PresidentDraghireiterated the stimulus program widening in euro zone, while Janet Yellen testified yesterday to the US Congress indicating that the US economy was doing well and that the Fed would start raising interest rates in December. The euro is trading at 1.0863. Next week, the Euro Zone is publishing the Industrial Production figures, as well as GDP and Trade Balance data. On the US side, investors will be mainly looking at PPI and Retail Sales numbers.

EUR/USD (D1; November 6, 2015)
http://savepic.org/7897123.png

Trade guidelines:
EUR/USD went back and forth during the course of the session on Thursday, and the publication of Non-Farm Payrolls will clearly display the markets perception of this pair’s future direction. If the pair breaks and consolidates above Thursday highs at 1.0897, this will indicate a possibility of a rise in course of the following week. At this particular moment it is too risky to open any positions whatsoever, as the price might fluctuate chaotically.


AUD/USD is currently trading at 0.7162. The Reserve Bank governor Glenn Stevens says if interest rates were to move shortly, Australians would see a cut rather than increase. Speaking at a conference in Melbourne, Mr Stevens also defended the RBA's decision not to compensate consumers for recent mortgage rate hikes, saying the economy doesn't need the boost and most households could absorb the changes. The global economy is expanding at a moderate pace, with some further softening in conditions in the Asian region, continuing US growth and a recovery in Europe. Key commodity prices are much lower than a year ago, in part reflecting increased supply, including from Australia. Next week, Australia is publishing economic data including Home Loans, NAB Business Confidence and Employment Change.

AUD/USD (D1; November 6, 2015)
http://savepic.org/7880739.png

Trade guidelines:
The Australian dollar went back and forth during the course of the session on Thursday, as traders essentially were sitting on the sidelines waiting for the Nonfarm Payroll numbers to be announced. With this, there is quite a bit of support just below, but experts also recognize that there is a significant amount of resistance at the 0.72 level as well. Ultimately, this is a market that looks a bit too choppy at the moment, and because of this the price needs to move out of its current corridor before any mid-term decisions can be made.


NZD/USD is flat at 0.6594 after falling against the stronger US dollar. Inflation is low and should remain so, with the economy likely to have a degree of spare capacity for some time yet. Inflation is forecast to be consistent with the target over the next one to two years, but a little lower than earlier expected. In such circumstances, monetary policy needs to be accommodative. Low interest rates are acting to support borrowing and spending. Credit growth has increased a little over recent months, with growth in lending to investors in the housing market easing slightly while that for owner-occupiers appears to be picking up. US Non-Farm payrolls, which are closely watched by the Fed, are expected to show the world's biggest economy added 180,000 jobs last month, while the unemployment rate held at 5.1 percent. Next week, economic Data from New Zealand consists of Electronic Card Retail Sales, Business NZ PMI and RBNZ Offshore Holdings.

NZD/USD (D1; November 6, 2015)
http://savepic.org/7831075.png

Trade guidelines:
NZD/USD pair tried to rally on Thursday, but turned back around to form a bit of a shooting star. That being the case, the market looks as if it is going to drop from here, perhaps reaching towards the psychologically significant 0.65 handle. Ultimately, there is no interest whatsoever in buying, because even if  the Kiwi break above the top of the shooting star, there is more than enough noise near the 0.6750 level to keep this market down. Ultimately, the New Zealand dollar should lose value.

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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