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First news for today concerns US new home sales. These figures will be released at 3:00 pm GMT and analysts are expecting a rise in sales by 347,000 while in the previous report sales rose only by 343,000. Also it will have a high impact on the dollar.
Second news will be released early tomorrow at 7:00 am GMT. GfK is going to publish figures about German consumer climate which is expected to remain at 5.7 points. Moreover medium impact on the euro can be awaited.
Check out the rest of todays technical and funamental news.
We will begin with technical analysis. Up first is the euro dollar. As long as price holds above daily pivot we can expect rise towards resistance R1. But decline below daily pivot will at first re-test previous low and then it will focus on support S1. Both directions are indicating further sideways move. Based on the conclusions for each indicator and chart analysis we are expecting a bullish trend.
Census Bureau is going to publish statistics about core durable goods orders in the US at 1:30 pm GMT. In a previous report orders fell 0.9 percent. Analysts are expecting improvement – rise by 0.9 percent and a high impact on the dollar.
National Association of Realtors will publish new numbers about US pending home sales at 3:00 pm GMT. It is expected rise 1.2 percent while in a previous month sales fell 5.5 percent. In addition it will have a high impact on the dollar.
Today´s first news will be released at 8:55 am GMT and it will concern German unemployment change. In a previous month unemployment was stagnated with no change. Analysts are expecting an increase by 4,000 in unemployment and a medium impact on the euro.
We starts today with monthly figures about Switzerland´s KOF economic barometer which are going to be released at 8:00 am GMT. It is expected slight increase from previous 0.81 to 0.87 points. Also medium impact on the franc can be expected today.
Next at 9:00 am GMT ECB is going to publish statics about M3 money supply in the Eurozone. It is expected rise by 2.4 percent while in a previous month M3 rose 2.5 percent. Analysts are expecting medium impact on the euro.
We start today with figures about Switzerland´s retail sales which will be released at 8:15 am GMT. Analysts are expecting sales will rise 2.1 percent while in a previous survey they rose only 0.1. Also it is expected to have a high impact on the Swiss franc.
First news for today concerns about UK construction PMI which is going to be released at 9:30 am GMT. It is expected slight decline from 54.4 to 53.1 points Both readings are above 50 points which indicates industry expansion. If the numbers were lower than fifty points it would indicate contraction. Also it will have a high impact on the cable.
Also at 9:30 am GMT statistics about net lending to individuals will be published in UK. In a previous report net lending rose £1.4 billion while now it is expected growth £1.1 billion. Moreover it will have a medium impact on the sterling.
Let’s start with Axiory´s technical outlook for the euro dollar. Price will probably decline approaching support S1 where it will rebound and l focus on re-testing daily pivot. Rise above this level will be limited below R1. It will probably move sideways and rise above or below mentioned support and this will be indicating beginning of a new decline or rise. Based on the conclusions for each indicator we are expecting a bearish trend.
Check out today's technical and fundamental analysis.
Today we are expecting the euro dollar price will rebound and break above daily pivot and this rise will continue towards resistance R1 where correction may be limited and decline could continue.
Let's start with the euro dollar. Price has fallen below daily pivot and is heading towards support S1. We are expecting further fall towards next objective at S2 support and subsequently consolidation can be expect and. But rebound from first support will be indicating that consolidation isn´t complete and break above daily pivot will be again suggesting target at R1 resistance. Based on the conclusions for each indicator and chart analysis we are expecting a bearish trend.
Today let’s start with the technical outlook for the euro dollar. We are expecting price will hold below daily pivot at 1.2272 and continue in lateral movement. Target at 1.2211 support will be in favor and price won’t fall below this level.
Let’s start with Axiory´s technical outlook for the euro dollar. If price holds above daily pivot, we are expecting target will remain at resistance R1 and consolidation will continue between these two levels. Decline below daily pivot will be suggesting correction and price will probably re-test support S1 and consolidation will continue. Break below this level will be indicating beginning of a downward movement. Based on the conclusions for each indicator and chart analysis, we are expecting a bullish trend today.
The euro dollar will soon reach resistance R1 and we are expecting it will have enough momentum to break above and focus on next objective at R2. After that a correction towards former first resistance and a subsequent rebound will be indicating that upward momentum continues. We can expect a bullish trend today.
Check out the rest of today's technical and fundamental news.
Let’s start with the technical outlook for the euro dollar. If price holds above daily pivot, we are expecting consolidation will continue and target will remain at R1 resistance. Break above this level will confirm that consolidation is complete and rise will be underway targeting R2 resistance. Fall below daily pivot will negate previous conclusion and re-test support at 1.2215. Overview of Axiory's chosen indicators shows a bullish trend for the Eurodollar.
Now the dollar yen outlook. Right now consolidation above daily pivot is in favor and price won't break above resistance R1 in next hours. Re-testing daily pivot and decline below this level will be suggesting that consolidation is complete and downward movement will be in favor targeting S1 support. Further fall towards S2 support hasn’t been excluded yet. A vast majority of our indicators expect a bearish trend today.
Check out the rest of today's technical and fundamental news.
The euro dollar was able to break above daily pivot and if it can break above R1, it will open way towards R2 resistance and a further rise suggesting R3 may be in the future. But rebound will be indicating decline and fall below daily pivot will be indicating targeting at support S1. We can expect a bullish trend today.
The dollar yen has reached support S2 and it will probably bottom, and rebound testing former support S1 with limitations at daily pivot. In this case it will be only a correction but a break above daily pivot will be probably the beginning of an upward move. However further fall below current support will open way to next support at S3. We can expect a bearish trend today.
Let's start with the technical analysis of the euro dollar. If price holds above daily pivot, we can expect targeting to remain at R1 resistance. A rise towards R2 resistance is also possible. But a falling price will focus on re-testing daily pivot then support S1. A Further decline isn’t expected. After this, euro dollar will continue in lateral move with higher volatility.
The dollar yen analysis is testing daily pivot at the moment and further decline will continue towards S1 where we can expect rebound with rise above daily pivot. On the upside, if price will rebound our expected objective will remain at R1. a bearish trend today.
Check out the rest of todays technical and fundamental news.
Let’s start with the technical outlook for the euro dollar. Price is testing main pivot and a rise above this level will confirm upward movement and target will be at R2 resistance. Possible consolidation wouldn't break above R1 resistance. Rebound from current level will be indicating consolidation and price will be limited from below by support S1. Overview of Axiory's chosen indicators shows a bullish trend for the Eurodollar.
Secondly we have the dollar yen outlook. We are expecting price will break above daily pivot, but consolidation will continue and price will be limited in rise by resistance R1. But if price rebounds from daily pivot decline will be limited by support S1. Further fall below this level will confirm downward movement and next objective at S2 support. A vast majority of our indicators expect a bullish trend today.
Check out the rest of todays technical and fundamental news.
As usual, we will begin with technical analysis of the euro dollar. If price declines below daily pivot, we can expect further fall towards S1 support and bottom could be formed above S2 support. On the upside, if it holds above daily pivot and rise will continue, price will focus on resistance R1 where further rise will be limited. Based on the conclusions for each indicator and chart analysis we can expect a bearish trend today.
Now let’s move on to another currency pair - the dollar yen analysis. Price is holding below daily pivot and current target remains at S1 support. Deeper decline towards S2 support will be indicating that consolidation is complete and downward movement is in favor. On the other, hand if price gains momentum, consolidation could rise above daily pivot but it will be limited by R1 resistance. The conclusion made by Axiory's chosen indicators shows a bearish trend today.
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