Daily Market Analysis from NewForex Broker

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

During the last trading session, the market considerably grew against the background of data on Purchasing Managers’ Index in the eurozone according to Markit and in anticipation of the decision of GB’s Supreme Court on appealing of the government concerning the Brexit procedure. In addition, the contribution in yesterday’s volatility was brought by Spain where business activity in a service sector appeared to be at the level of forecasts and Italy with its results of the referendum. On Tuesday’s biddings quotations have stabilized and the pair is traded within the closest levels of support at 1.0635 and resistance at 1.0925. Looking at the four-hour chart of technical analysis we can come to a conclusion that the market’s spirit is moderately bull, the histogram MACD began to grow slowly having risen above the signal line, remains in a positive zone. The oscillator Stochastic shows an overbought of the trade instrument.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

Judging by technical analysis at the four-hour chart the prominent up trend remains unaffected at current biddings, keeping its price applicable to its maxima per two last months.The market remains above moving averages with the period of 20 and 55 days which indicates the remaining bull moods of the markets’ participants. The histogram MACD continues to grow in a positive zone and today it has reached the level of its signal line, but doesn’t give an accurate signal yet. Stochastics entered an overbought zone that can presage a small correction of the market in the short term, but still it gives a strong signal on purchase, — the %K line rose above the %D line. However for adoption of investment solutions, one signal is not enough.It is necessary to wait until the price will gain its domain above a local maximum 1.2750 and will be fixed there.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

On Tuesday's biddings there is a small improvement of the up trend, which has been observed during the last month and today the price is consolidated in limits of support levels at 113.32 and resistance at 115.23.On the daily chart the histogram MACD remains in a positive zone, but decreases having fallen below the signal line which indicates the reduction of bull market potential and confirms the current improvement.Stochastic left an overbought zone and gives an accurate signal for sale - the %K line fell below the %D line.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/CHF

On Tuesday the pair continues the trades with reduction of price just like during the previous trading session where the Swiss franc shored up its position against the greenback at 83 tick and general volatility of intraday trade amounted up to 127 tick, which is quite peculiar for this market. Today the price remains within support level at 0.9992 and resistance level at 1.0127. The market spirit moderately bear, four-hour chart fell below moving averages with the period of 20 and 55 days. The histogram MACD appeared in a negative zone and continues to decrease, having fallen below the signal line, which indicates a reduction of the bull market potential and strengthening of bear tendencies.ADX shows weakening of the marked trend tendencies.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region

For the day, the regional markets grow indicating the largest increase within the last two weeks.These days, euro was stabilized against the Italian political crisis background of revaluation of scales of the negative consequences which were resoundingly smoothed by the stimulating policy of the European Central Bank.
Region-wide MSCI extended for 0.8%, having established the largest surplus for the last two weeks. Nikkei also added 0.8%. The stock indexes of Wall Street show positive dynamics: Dow grew up by 0.25%, and corresponding to it S&P and Nasdaq grew up by 0.6 and 1.0%. It is worth emphasizing that global investment activity was weak today and was observed mainly in the sectors which are traditionally considered to be the hedging means of financial risks.
The US dollar almost didn’t change towards main competitors and remains at the level of 100.16, near a Monday’s minimum in 99.849 — the lowest level since November 15. At the end of November the dollar’s index reached its summer peak in 102.05, having received a boost on expectations of the growing budgeted expenses and strengthenings of bull monetary moods in U.S. Fed. The yen was stabilized against US dollar at the level of 113.79.The Australian dollar lost 0.2% because RBA kept its policy without any changes. At the markets investment moods are up-and-coming, which is explained by the growing uncertainty concerning prospects of the European economy.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

The European currency was stabilized, but it is traded near its minimum of September 2015, after the referendum which was organized by the prime minister of Italy — Matteo Renzi spectacularly failed. The referendum was the reason of plucked hopes for the constitutional reforms and moreover it exacerbated the issue of the banking sector. The prime minister intends to resign.
Euro has weakened against dollar for 0.1% to the level of 1.0757, gaining 1% yesterday and leaping aside an early minimum of 1.0505. The British pound sterling grows, having secured profitable investment moods from a failure of the Italian referendum that can indirectly testify viability of a Brexit initiative.The Swiss franc grows, attracting hedgers as an asylum of security from financial risks.
Potential stakes of euro calamity were noticeably limited by incentives from the European Central Bank who can expand a procurement program of bonds this Thursday and continue the program for six or more months. Both eurosceptics clear-cut ascendancy and positive data from a post-Brexit GB market undermines the investors belief in prospects of the EU.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

The growth of the currency pair which began on November 24 underwent correction during the last trading session. Having reached a two-week peak at 1.0795 and by establishing therewith a resistance corner, this market decreased and felt its support yesterday. On Wednesday, the trades have proceed with a moderate bull spirit within the closest level of support at 1.0666 and resistance at 1.0754. At the four-hour chart it is possible to notice that moving averages with the period of 20 and 55 days continue to grow which indicates the remaining bullish potential for continuation of the ascending trend in the long term. However the Stochastic oscillator doesn’t give a strong signal. It’s only slightly struck a boundary of an oversold zone. For the day it moves subparallel to the timeline where the %K and %D line run into one plotted point. The MACD histogram has fallen below the signal line, remaining in a positive zone which indicates a bear spirit of the market in the short-term.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

On Wednesday’s trades the currency pair is being traded with moderate bear mood, remaining within the closest levels of support at 1.2606 and resistance at 1.2726. Concerning a long-term outlook, this market keeps the current tendency of growth which began on the 12th of October and remains in the ascending channel. Only with a small frequency we observe some correctional movements. On the four-hour chart there is marked weakening of the MACD histogram below the signal which indicates a strong bear potential in this timeframe. Stochastic is in an oversold zone and gives a distinct trading signal. In case of the market’s passing support and fixing of the price lower than defined level, we will be able to see the markets price 1.2600 and then 1.2550 which invites to a certain entry into the market with short positions. However It should be noted that moving averages with the period of 20 and 55 days still grow, though they were slowed down, and the MACD histogram remains in a positive zone.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

On Wednesday, dynamics of the trades on this currency pair doesn’t differ from the last trading session. The active growth which was observed since the beginning of the past month significantly slowed down this week, but didn’t stop. For the last two days the market started testing a strong resistance level at 114.70. There’s one little «but» in it, for the time being it is unsuccessful. Today the price remains within the closest levels of support at 113.76 and resistance at 114.46, a trend index is neutral. As for a short-term outlook, the MACD histogram decreases, remaining in a positive zone, however it fell below the signal line which invites to the markets entrance with a short-term position.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/CHF

Dynamics of the trades on this currency pair differs in a strong bear tendency with the closest levels of support at 1.0076 and resistance at 1.0143 today. On Monday, after a small reduction of price from 1.0176 to 1.0049, this market grew up during the Tuesday’s trades up to 1.0114, having finished a session on the mark 1.0100. On Wednesday, the bear tendency of the market resumed and participants continued to put pressure on the market with short positions, testing the field of support in a short-term. On the four-hour chart the MACD histogram remains in a negative zone and moving averages with the period of 20 and 55 days remain up market. For today the purpose for short positions serves the corner 1.0045 and going forward in case of its successful overcoming it will be 0.9990.If the price will be fixed above the mark 1.0143, the market will be able to take place up to 1.0194.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

On Thursday, the trades of the market on this currency pair proceed slightly bearish, however concerning a short-term outlook, bullish potential still remains. The single European currency continues to increase in price substantially and today it's traded within the level of support at 1.0631 and the level of resistance at 1.0773 with persistent testing of the last one. On the four-hour chart the MACD histogram was slowed down and doesn't give a strong signal remaining in a positive zone. Meanwhile, the Stochastic oscillator is at the cusp of an overbought zone however it continues to grow up to the position where the %К line is higher than the %D line keeping us waiting before uprise of a strong signal.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

On Thursday, the currency pair is traded in different directions with a small benefit of bears. At this stage the price remains within support level at 113.09 and the level of resistance at 114.10. As for a long-term outlook, the pronounced ascending trend stopped since the beginning of a current month and for this week, force of warring parties remains uncertain. The technical picture invites more to the bear scenario. The MACD histogram decreases, remaining in a positive zone but falling below the signal line which indicates benefit for short positions. In the short term, MACD fell below the central line, but it seems like it begins to grow, giving a weak trading signal. The Stochastic oscillator gives an identical signal which is more expressed — the %K line crosses the %D line bottom-upwards.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

After the two-day’s bear period on the market, bullish moods appeared again and since the end of the last trading session we can observe strengthening of sterling against the greenback. Nevertheless, It should be noted that the pair remains within strong levels of support at 1.2541 and resistance at 1.2656. If to look at the day chart, then it is possible to see that this currency pair didn’t manage to keep above a cloud of Ichimoku, getting its higher position on Tuesday up to 1.2774 (max. at 5.10.16) the price began to fall and made a start from this level within two-day correction, having reached the Tenkan line developing up again. It is possible to consider the upcast Ichimoku indicator as an additional level of support on the graph. On the four-hour chart moving averages developed up that confirms the extension of bull’s potential. As well as the Stochastic oscillator which approaches an overbought zone, the MACD histogram grows up again.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region

The markets of the Asia-Pacific region received a boost for growing against the background of investors aggressive interest in real sector worldwide. After the rally for US dollar slowed down, officials of the European Central Bank are preparing for a meeting, for the purpose of programs prolongation of quantitative easing which is expected for half a year. At the same time it is unknown whether the purchasing amounts of bonds will be extended or not.
The global index MSCI which reflects cumulative data on dynamics of the world stock markets increased by 3.4%, having bounced off its November minima. Regional MSCI added 0.25%. The Japanese shares grew up by 0.4%. In Canada and Australia the growth respectively constituted 0.2 and 0.9%.
The American dollar index decreased by 1.5% against other principal currencies for the last two weeks. The greenback is traded at the level of 114.11 against JPY having developed from 9-1/2-month maxima in 114.83 yens which were reached earlier last week. The Australian dollar lost half-cent against the background of GDP weak data. The Canadian dollar is stable and keeps above the majority of competitors, waiting for the Bank of Canada to leave its interest rates without any changes later on today.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

After the European Central Bank developed its stimulating policy in relation to the Italian banks which added nearly 10%, the European shares resumed their growth, considerably gained an annual maxima in the banking sector.
However, it is worth understanding that measures of the European Central Bank have the constraining character and 10-% growth closed only a small part of losses which cost more than a half of capitalizations amount of all Italian banking sector this year. But also it is worth noting that these measures were very effective, and the treasury promised to consider a question of share increase in the largest Italian and the oldest world bank Monte dei Paschi in the near future.
Euro gained positions and it is traded above 20-month minima at the level of 1.0717 against the American dollar,the cause of which was the failure of the Italian referendum. The British pound is significantly limited in growth because of uncertainty concerning data production, which will be published later on today. Meanwhile the Swiss franc pointed firmer at the leader’s line against other competitors, being a key hedging instrument for today.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

The stock markets keep growing. The interest towards the real sector doesn’t weaken and Asian shares trade above its monthly maximum. Meanwhile the American shares are setting their fresh quarter records. The European shares are in requisition of investors due to the active stimulating support of the European Central Bank whose senior management will meet later to come to a number of decisions on monetary policy and to plan prospects into next year.
The resource-oriented Australian market grew up by 1.2% exactly by as many as the region out of Japan while Nikkei grew up by 0.8%. The Wall Street grows: the Dow index is +1.55%, S&P is +1.32%, and Nasdaq is +1,14% expecting fresh financial incentives and strengthening of deregulations policy from Trump’s administration.
The greenback weakened against yen which got stronger against all main competitors. The Australian and Canadian dollars took defensive positions, promoting growth of real sector and the export-oriented companies in particular. Profitability of 30-year treasury bonds dropped by 6 basis points earlier on Wednesday, showing the greatest daily recession since August and maintaining interest towards traditional assets.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

The European stock indexes grow, attracting investors from around the world according to cheap bank stocks and sought-after dividend prospects. The banking sector grew up to its January maxima, against the background of the extensive incentives and Credit Suisse’s reduced expenses.
EU-wide Stoxx 600 rose up by 0,9% — to its maxima of September while its bank section extended for 2.3%, with top performer Credit Suisse which added 7.4% against the reductions expenses background of more than 1 billion Swiss francs and the growing prospects for further reducing.
The European currency is stable. Recently, some analysts put forward an assumptions that between the prospects of extension of the European Central Bank stimulating program and the prospects of narrowing the parity appeared a parity of stocks as the European stock indexes show unpredictable potential for recovering. At the same time, the British pound sterling trades above most of competitors, having received the impetus from positive data on the national GDP which justified forecasts in 0.4% growth. Later today, don’t miss a meeting of the European Central Bank senior management in order to get reference points on monetary policy for the future 2017 financial year.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

All index numbers that the single European currency accumulated since the 5th of December within the current week, went to nought yesterday, through the efforts of the European Central Bank during M. Draghi’s performance. He reported that the foundations of monetary policy will remain flat till March of the next year but also declared reducing program of quantitative easing up to 60 billion euros per month. It significantly pressed single European currency which entailed sterling. As for a technical analysis for today, the eurodollar is traded within support level at 1.0588 and resistance at 1.0675. On the four-hour chart the MACD histogram fell to a negative zone, the Stochastic oscillator goes up, remaining in an overbought zone. Both of them don’t give an accurate signals yet.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

On Friday, this currency pair keeps remaining under pressure and is traded within support level at 1.2479 and resistance at 1.2676. Further development of the bear scenario requires fixing of the price lower than the level of support. In spite of the fact that the current trading signal received confirmation remaining weak, the Chikou Span is below a price chart whereas the price is in Ichimoku cloud. While overcoming the current support, the descending trend will be able to prolong to the corner of 1.2400 until the price remains below Kijun-sen. If the market comes out above this line, the trading signal will become weaker with cancellation of the descending movement. By the way, it is quite possible if to pay attention to Stochastic which gives a clear trading signal, having left the oversold zone with the %К line crossing the %D line bottom-upwards.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

Since the beginning of the current month we can observe an explicit trend in this market. At the trades on Friday the price is in trading range, remaining within support levels at 113.45 and resistance at 114.55. During the Asian trading session the pair grew inertly and by the time of Europe trades development, tests the current level of support. On the four-hour chat the MACD histogram strongly slowed down and doesn’t show any trading signals, Stochastic is in an overbought zone with a small hints on signal’s origin.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region

The Asian markets show flagging signs against the background of the ECB bearish monetary policy which delayed interest of investors in the cheap European stocks promising long growth at the expense of the regulators expanded stimulating programme. Earlier the ECB announced that monthly purchases will be reduced, but up to the end of the next year the terms will be extended.
The Regional MSCI independently of Japan’s market dropped by 0.3% just as Japanese shares grow, having received the impetus from the weakened yen at 1.3%. The USA’s stock indexes grew at 0:22, 0.33 and 0.44% up to the record of its historical maxima. Forecasts for FED’s rate increase next month: probability for increasing in 25 basis points is 98% and probability that the stakes will be raised at least once by June, 2017 is 50%.
The US dollar added 0.4%, getting stronger at the level of the February maxima which were reached earlier last week, whereas the Japanese yen trades below all key currencies competing among themselves. The Australian and the Canadian dollar are stable and trade above the European and Asian colleagues. The index of US dollar grew up by 0.4% on a weekly basis.From the future events it is worth to point out committee meeting on the open markets of U.S. Fed next week. This is the most important event of these days during which as it is expected the interest rate will be raised.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

The ECB disoriented its investors, having promised to reduce amounts of bonds monthly purchase by 20 billion euros. It was regarded as bullish news before the markets rethought it in a bearish one against the background of the dominating prospect of terms prolongation of the stimulating program up to the end of 2017.
As a result profitability of the European bonds grew, bank shares grew, euro at first grew, and then fell. Presently the European bank index has extended for 2.2%, showing the best week results since 2011 while the Italian banks added 3.5%, having stabilized at the level of five-months maxima.The pan-European Stoxx 600 rose by 1.2%.
The European currency approached to 0.1% growth before falling against other competing currencies after the markets evaluated prospects of monetary policy of the ECB towards bear. The British pound and Swiss franc trade above yen and euro in a way that facilitates the growing interest in bank shares and the positive economic data from the Great Britain which convinced investors of the post-brexit markets growing potential.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

On Monday the trades on this currency pair proceed in different directions. On the four-hour chart the market is characterized by a small bearish spirit of an index trend. At the opening of the European trading session the price remains within support level at 1.0554 and the level of resistance at 1.0649. The MACD histogram is in a negative zone, slowly reducing. Stochastic reports on this trade instrument oversold tendency with indistinct purchase signal. We shouldn’t rely on it because it can be false. EMA20 and EMA55 moving averages crossed which indicates the strengthening of bearish market potential. Strong bearish tendencies prevail on the day chart which is confirmed by MACD and Stochastic indicators. In such a manner we see that this market possesses serious bearish potential and is kept under pressure.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

On Monday this currency pair is traded with a small advance in price, remaining within support at 1.2569 and resistance at 1.2599. From the moment of trades, opening the initiative in the market belongs to bulls who are firmly aimed to overcome the current resistance. On the four-hour chart the MACD histogram is located in a negative zone, without giving strong signals, however Stochastic is in a neutral zone but with the %K line above the %D line which indicates the bull scenarios development in the short term. Nevertheless, in the long term the bearish spirit prevails in the market. On the week chart the price is below EMA20 and EMA55 moving averages, but for further down movement it is necessary to overcome a strong support in the corner of 1.2460/70.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/CHF

On Monday strengthening of the greenback against Swiss franc continues. The trades proceed with a small increase in a rate to the level of resistance at 1.0183 and with the next support at 1.0151. As for strongest level of support at 1.0073 and resistance at 1.0200. The technical analysis on the four-hour chart speak well for the ascending trend and strengthening of bullish potential, the market fixed above the Ichimoky indicator and the MACD histogram began to grow. In the long term, according to the day chart where the market steadily remains above the Ichimoky indicator the ascending tendencies continue to amplify steadily and in case of overcoming corner of resistance at 1.0200 we can return to an annual maximum at 1.0255.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

On Friday’s trades the greenback became more entrenched against the JPY. Today’s trading in Asia and Europe didn’t become an exception. After a week «slack» it seems that the ascending trend returned in the market. On Monday, the trades are characterized by clear advantage of bullish moods in the long term, as for now pair remains within support at 114.59 and resistance at 116.03. For today, the technical analysis develops in a certain way. On the day chart the Stochastic oscillator, remaining in an overbought zone gives a strong signal for an entrance to the market with long positions. The %K line is located above the %D line and keeps growing. The MACD histogram is in a positive zone, still grows, however it gave us not absolutely obvious signal for purchasing. In the short term display numbers are in kind. Stochastic, being in an overbought zone hints at fast emergence of a signal for sale whereas the MACD histogram on the sly of bulls. Thus, we expect continuation of the ascending trend in the long term along with considerable bullish potential within inside day trade.

NewForex Analyst
Luigi Campo
Fundamental analysis from New Forex: The Asia-Pacific region

In the last quarter the production orders fell in Japan but managed to be recovered providing moderate interest in the national stock market. The Chinese Public information service declared that indicators markets growing exceeded its target at 6.7% and officials are going to review forecasts for 2017 towards further growth. Earlier MSCI World grew up by 0.41%, but lost about 0.1% in the markets of the Pacific Rim today. Nikkei expanded at 1.23%, and Wall Street stock indexes added 0.5, 0.6 and 0.7% consequently. The Australian ASX slightly grew up by 0.04% and the Canadian TSX added 0.11%. Fall of a regional index was promoted by China, where problems of reducing production activity and the market offer play a key role, in connection with in excess of a plan growth testifies overheating of the economy and debts growth. The greenback slightly weakened today. This week the meeting of officials of the Federal Reserve System is expected. As a result of this meeting the rates can raise up to 0:25 pips. Today the Canadian dollar received a considerable impetus for growing because oil prices increased to 4%, to the highest levels since 2015 against the background of the first OPEC and Russia transaction at the end of the last week. The JPY is in the lead of falling, supporting the export-oriented companies.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

The stock markets of Europe continue to grow near its annual maxima against the background of modified, but still bearish monetary policy of the European Central Bank. The bank reduced amounts of monthly purchased bonds due to prolongation of the quantitative mitigation program. In spite of the fact that Stoxx 600 opened with insignificant lowering, cheap bank stocks have already managed to return the all-European index to the ascending flow. Last week the index grew up by 4.7%, having overcome its maxima of January continuing to grow. The European currency is under pressure on behalf of the European Central Bank. The Swiss franc nearly joined ranks of fall leaders, being stabilized at the level of 1.0186 against the greenback. These days it is difficult to foresee the period of growth of the bank shares supporting the European market. But, if to look to the prices of the Italian assets, then it is possible to say that they approached the values abolishing negative consequences of a recent constitutional referendum safely failure.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/CHF

On Tuesday couple is traded with a moderate bearish spirit, remaining within the current levels of support at 1.0094 and resistance at 1.0171. The technical analysis indicates the uncertainty which developed in the market, thus it is necessary to expect correctional price consolidation as a result of which force of opposing parties will be revealed. On the four-hour schedule the Stochastic oscillator leaves an oversold zone giving a strong signal on purchase, the %K line crosses the %D line from the bottom upwards which indicates development of the market ascending movement. MACD is located in a positive zone, however decreases which indicates small strengthening of bearish potential that can develop into short correctional movement of the price. The chart still remains above the Ichimoku indicator, therefore it is worth expecting further growth of this market towards 1.0200 and perhaps further.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

From the second half of last trading session the sterling began to strengthen against the greenback having risen from 1.2578 to the mark of 1.2699. Then it digressed to the corner of 1.2660 during the Asian session. For today, by the beginning of trades in Europe the pair keeps the ascending potential and is traded within support levels at 1.2585 and resistance at 1.2695. On the four-hour chart we can observe the following situation: the price is fixed above the Ichimoku indicator which confirms bullish market potential. For continuation of the ascending trend the price is to consolidate above resistance in the corner 1.2695-1.2700, then we will be able to see its movement to 1.2775 (the peak of last week). For development of the bearish scenario it is required to overcome the current level of resistance and to be fixed lower than 1.2548 (the minimum of last week).

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

On Tuesday, the pair is being traded with a small advance in price during the Asian trading session with support level at 1.0554 and the level of resistance at 1.0648. The technical analysis of this market speaks well for development of the bearish scenario in the short term. On the four-hour chart Stochastic gives a strong signal for sale. The %K line crosses the %D line from top downward as they leave an overbought zone. MACD began to grow slightly, but continues to remain in a negative zone which indicates insignificant strengthening of bullish tendencies which developed into the short-term ascending movement of the market by the beginning of the present trading session. Moving averages function with 20 and 55 were slowed down, crossed from top downward and continue to decrease confirming bearish market potential.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

Today the continuation of the ascending trend on this currency pair is observed. Since 4.11.2016 the greenback steadily becomes stronger against the Japanese yen with small correctional movements on two trading sessions and then the ascending trend returns to the market again. In the short term the closest levels of support and resistance are around marks of 114.59 and 115.80 per today. It is necessary to underline that this market still has serious bullish potential, the price was fixed above the Ichimoku indicator and steadily remains in the ascending channel. The Stochastic oscillator gives a signal on purchase, MACD was a little slowed down, but remains in a positive zone. Let’s remind that today begins a two-day committee meeting on the USA public market, therefore all participants of the market reduce the activity expecting results of a meeting which publication is planned for tomorrow 22:00 Moscow time.

NewForex Analyst
Luigi Campo
Fundamental analysis from New Forex: The Asia-Pacific region

The markets grow pending the meeting of Committee officials on credit policy of U.S. Fed. Many investors are hedged, fix profit, predicting what reference points will pledge the Central bank in the relation to further measures of regulation. Profitability of treasury bonds jumped up on inflation growth expectations. The index of real sector in the region grew up by 0.11% while the stock index of MSCI weakened at 0.12%, keeping rates of a monthly surplus for 1.73%. In Japan Nikkei added 0.22% because of the fact that the weak yen provides big competitiveness for export. The USA treasury bonds reached their annual maxima and are traded at the level of 2.465%. The greenback grew up to its 10-month maxima against yen which is in on the back foot. The Canadian and Australian dollars already managed to depart from recent commodity rally and now they are in low demand among investors each of hedging instruments and attractive risk assets.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

The European banking sector continues to enjoy popularity but now it is quite noticeable that it’s more limited because of the wakened interest of investors to risk asset classes. However, hedging risks against the background of events around U.S. Fed interest rates are also enough these days. The European MSCI index grew up by 3.2% since November 15 and opened with 0.15% growth. The British economists reviewed forecasts for market growth for the future year. Today it will become known whether forecasts for a consumer price index of Britain will come true. The European currency continues to face pressure of bearish policy of the European Central Bank, but trades above the Australian dollar and the Japanese yen. At the same time the British pound and Swiss franc trade above the majority of currencies because of the divided interests of investors towards the risk and hedging tools.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

On Wednesday it is expected the release of the important economic data and other calendar news on US dollar which are strongly influencing volatility of the foreign exchange market.
16:30 Moscow time — PPI Output for November;
16:30 Moscow time — Volume of retail sales for November;
18:30 Moscow time — change of formation oil volume and oil products;
22:00 Moscow time — The decision on FRS interest rate which FOMC press conference will follow.
While waiting for these news, the situation in the market is rather quiet and investors don’t risk to come over to bulls or bears side. Therefore in the short term the technical analysis didn’t have definite scenario. On the four-hour chart MACD remains in a negative zone, but today it poorly grows while Stochastic is in the neutral plane and doesn’t give a strong signal.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

On Wednesday it is expected the release of the important economic data and other calendar news on US dollar which are strongly influencing volatility of the foreign exchange market.
15:00 Moscow time — speechification of Mark Carney(the governor of the Bank of England);
16:30 Moscow time — PPI Output for November;
16:30 Moscow time — Volume of retail sales for November;
18:30 Moscow time — change of formation oil volume and oil products;
22:00 Moscow time — The decision on FRS interest rate which FOMC press conference will follow.
On Wednesday, sterling is traded with small reduction in price within support levels at 1.2615 and resistance a 1.2695. In the corner of 1.2722 lies stronger resistance. The descending correction stagnates around a mark of 1.2640. On the four-hour chart the MACD indicator remains in a positive zone and decreases. The Stochastic oscillator is located at the output of an oversold zone, at the same time creating a signal on purchase, the %K line crosses the %D line from the bottom upwards, being in a boundary of the area that promotes strengthening of a signal.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of AUD/USD

On Wednesday it is expected the release of the important economic data and other calendar news on US dollar which are strongly influencing volatility of the foreign exchange market.
16:30 Moscow time — PPI Output for November;
16:30 Moscow time — Volume of retail sales for November;
18:30 Moscow time — change of formation oil volume and oil products;
22:00 Moscow time — The decision on FRS interest rate which FOMC press conference will follow.
Since 21.11.2016 the Australian dollar continues to strengthen against the greenback but strong resistance in the corner of 0.7500 is not surmounted albeit several desperate attempts. On Wednesday the trades proceed with a small bullish spirit of the market and today the Australian dollar already tested the level which was mentioned above. The technical analysis of a four-hour time frame looks as if the price is clamped in a triangle that implies a fast exit from it. There is one question left. Is it going up or down? All participants of the market hope that FRS today’s meeting and FOMC press conference will provide the answer

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/CAD

On Wednesday it is expected the release of the important economic data and other calendar news on US dollar which are strongly influencing volatility of the foreign exchange market.
16:30 Moscow time — PPI Output for November;
16:30 Moscow time — Volume of retail sales for November;
18:30 Moscow time — change of formation oil volume and oil products;
22:00 Moscow time — The decision on FRS interest rate which FOMC press conference will follow.
For about a month it is observed the descending movement on currency pair USD/CAD and this week was reached the next round boundary 1.3100. However this level of support wasn’t passed with a late market slightly above. On Wednesday, the rades proceed within the current support at 1.3100 and resistance at 1.3141. On the four-hour chart moving averages continue to decrease but they were slightly slowed down while MACD remains in a negative zone, and according to ADX trend indicator the descending tendency movement of this market is expressed rather well, the considerable excess of DI + over DI.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: Europe

Recently the growth of bank shares pushes the European markets up. Today we can observe an active growth of the Italian bank shares in particular such as UniCredit, relying on the help of the new prime minister Gentiloni promising to take supportive measures towards perspective sector of the country.

Last week the Italian banks managed to show united growth, because of short positions on salvation of Monte dei Paschi bank under the auspices of the European Central Bank. The all-European FTSE Eurofirst 300 grew up by 1.01%, and the European stock indexes are traded in the range of 0.8-1.0%.

The European currency makes up for the losses which were received earlier from unexpected policy changes of the European Central Bank connected with terms and amounts of monthly purchases. Meanwhile, the British pound is traded less surely because of weak forecasts for the labor market and unemployment. As per usual, Swiss franc is stable in the conditions of high financial risks providing good support to hedgers.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

The markets were slowed down waiting for a meeting of U.S. Fed officials which will begin today at 19:00 GMT. At the meeting, number of important decisions on credit policy will be adopted. Moreover reference points will be pledged for the future year. For many traders there is a chance to earn these days and many just abstain from market risks in the period of abnormal volatility.

The region MSCI index added 0.1%. Shares of the American companies are in quite good demand: Dow Jones grew up by 0.58%, Nasdaq and S&P 500 increased by 0.95% and 0.65%. The Australian ASX added 0.71% while TSX in Canada grew up by 0.65%, the Chinese CSI 300 lost 0.31% because of problems with an overheat of the productive activity annoying the market during the last quarter.

The US dollar is traded at the level of 115.20 against the Japanese yen and it is slightly lower than early February maxima 116.12 while the index of the American dollar was stabilized at the level of 101.05. Traders fix their profit and abstain from trade and lots of them prefer to hedge through traditional and cyclic asset classes these days. The Canadian dollar is traded valiantly against main competitors while the Australian dollar went to defensive position.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
Yesterday, after long promises and expectations, FRS raised an interest rate at last which strengthened index positions of the greenback in relation to all world currencies. Today the trades proceed with insignificant, further rate decline and the price remains within the level of support at 1.0462 (minimum March, 2015) and resistance at 1.0611. The technical analysis of this currency pair differs in bearish prospect. MACD is in a negative zone and it gives a strong signal for sale. The Stochastic oscillator approached an oversold zone with the same bearish signal, the %K line is lower than the %D line. Thus, continuation of the descending movement of this market and strengthening of the greenback against single European currency is expected.

Forex News from New Forex: Technical analysis of USD/CHF
On Wednesday, the increase of an interest rate after the last two-day committee meeting for monetary policy of the USA gave serious support to the greenback. Having added more than 100 points, quotations on this currency pair exceeded its January maximum of the current year (1.0255), overcoming strong and psychological resistance at 1.0200 and on Thursday also with resistance 1.0274 are traded within support at 1.0156. The technical analysis on the four-hour chart has the obvious bullish direction. The MACD histogram is in a positive zone, it grows and has an entrance to the market with long positions, giving a signal on purchase. The Stochastic oscillator is in an oversold zone and gives a strong signal on purchase — the %K line is higher than the %D line and both are directed up.

Forex News from New Forex: Technical analysis of USD/JPY
Steady growth of this market is observed for the current week, as well as during several last. Increasing of FRS interest rate added an additional impetus to already strong bullish tendencies in the market. Thus the intraday growth exceeded at 200 pips at closing of yesterday’s trading session at the level of 117.15 poured out in couple exit from the channel up. On Thursday, the greenback continues to become stronger against the Japanese yen and during the trades in Asia a repeated exit abroad of the ascending channel was fixed up. After start of trading in Europe the growth of quotations continued. Technical picture potentially is bullish. On the four-hour chart MACD is located above the zero line and grows, giving a signal for sale. The Stochastic oscillator — in an overbought zone, however the %K line is higher than the %D line that assumes the further growth of the market.

Forex News from New Forex: Technical analysis of GBP/USD
Yesterday’s monetary U.S. authorities increase of an interest rate gave a serious impetus to the greenback which considerably consolidated against the principal world currencies. As a result Sterling handed over about 200 pips for benefit of the greenback and today it is traded within the closest levels of support at 1.2478 and resistance at 1.2588. On the four-hour chart the technical analysis looks not rather certain. The MACD histogram passed a zero mark having appeared in a negative zone and falling below the alarm line that is a signal to sale. However, the Stochastic oscillator despite of an arrangement in an oversold zone, doesn’t give a strong signal. Thus, in case of adoption of investment decisions it is necessary to consider the local levels of support and resistance. Development of the bull scenario is the most probable when the price is fixed higher than 1.2588. Opposite movement of the market is the most probable condition of passing of support at 1.2478.

NewForex Analyst
Luigi Campo
Fundamental analysis from New Forex: The Asia-Pacific region
The markets are weaken because of increase in a rate of the Federal Reserve System on 25 basis points. Investors are also frightened of the extended projection for 2017 promising about three increases instead of two planned earlier. Officials declared that they are ready to toughen policy on an inflation acceleration measure as the administration plans to go to large-scale expenses that will lead also to growth of bond yield of the USA. The regional MSCI lost 1.3%: indexes of Wall Street lost 0.5-0.8%, the Canadian TSX of-1.22%, the Australian ASX-0.82. The Chinese CSI 300 on the way to 0.8-1% to losses. But here the Japanese Nikkei grows thanks to the weakened yen for 0.32%. Central Bank of China established JPY exchange rate on 6.9289 against the greenback to the weakest level since 2008 though participants of the market noted that JPY was firm in relation to many other currencies and grew on the trade weighted basis. The greenback grew up to 14-year maxima in 102.62 against JPY, to the level of the beginning on February 117.86 against the Japanese yen that served as an incentive for growth of the Japanese shares. The widest number of economic data will be announced today including read operations at consumer prices and production activity and also a speech of Polose, the head of the Bank of Canada. It can shed light on prospects of Canada monetary policy and provide fresh estimates of the USA market.

Fundamental analysis from New Forex: Europe
The European shares considerably weakened because events served in the USA as a factor of a capitals flight and trade considerably below early annual maxima as U.S. Fed toughened its monetary policy and planned prospects for further toughening. The banking sector of Italy weakened almost for 3% and the oldest bank Monte dei Paschi lost 2.1%. Pan-European Stoxx Europe 600 weakened on 0.5 with considerable losses in cyclic sectors of economy and also large consumer sectors and services of health care where losses constituted from 1.6 up to 3.3%. The European Central Bank suspended incentives for Greece having rolled the stock indexes up to 3.2%. Euro weakened to the level of 1.0460 against the greenback having slipped last year March minimum which constituted 1.0457 that opens prospect for parity rate. The British pound is stable against competitors against the background of positive data from the labor market while the Swiss franc suffers from low forecasts of the banking sector which reached a critical point of growth this week earlier.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Friday, the single European currency is traded with small strengthening against the greenback after the minimum of January, 2003 was updated and the price fell to 1.0365. Thus, for today the level of support is the psychological threshold 1.0300 and the level of resistance at 1.0474. On the four-hour chart moving averages with the period of 20 and 55 continue to decrease after recent crossing down. The schedule is located lower than both moving averages that doesn’t exclude further development of the descending movement. MACD is in a negative zone and below the signal line that is an accurate signal for sale. However, one similar signal isn’t enough for adoption of investment decisions. The market is in a situation of a strong imbalance that threatens any similar decisions. Perhaps, today’s statistical data on inflation in the eurozone will be able to break a situation, but for now we prefer to be out of this market until its stabilization and emergence of an accurate and confirmed signals of the technical analysis indicators.

Forex News from New Forex: Technical analysis of GBP/USD
After the yesterday’s unanimous decision of the Bank of England to keep an interest rate at the current level, the sterling got small support and quotations were late for a while staying in the corner of 1.2445-1.2499. However, at the time of positive statistics on inflation entry in the USA its decrease was resumed with a new force and now, on Friday, the couple is traded with support level at 1.2300 and resistance at 1.2499 having a considerable bearish market potential. The technical analysis on the four-hour chart indicates continuation of the descending trend. According to the ADX indicator, there is a significant difference between +DI and — DI. The MACD histogram remains in a negative zone and below the signal line which is a strong signal for short positions. Stochastic is in an oversold zone, but without obvious signals. It is worthy of note that for further development of a bearish trend the market needs to be fixed lower than the level of support at 1.2300. For opposite succession of events it is required to be beyond a minimum of last week 1.2548.

Forex News from New Forex: Technical analysis of USD/JPY
On Friday’s trades the greenback continues to become stronger against the JPY. Statements of the head of the Federal Reserve D. Yellen concerning soft and gradual toughening of monetary policy couldn’t constrain the bullish potential of national currency. After participants of the market learned that substantial increase of an interest rate for the next three years (2017 — 2019) where the commission will have three session in a year (no more than two meetings were planned earlier), the dollar began to rise in price in relation to absolutely all principal world currencies. The JPY didn’t become an exception. According to technical analysis on the four-hour chart, ascending dynamics of a rate on this trade instrument remains stable, with a good bullish potential. During the biddings in Asia the price returned to the level of February of the current year, with support at 117.53 and with a resistance at 119.25 remaining above the ascending channel. The MACD histogram is above the central line, however begins to move along the time axis with lack of a strong signal. Stochastic left an overbought zone with a signal for sale, the %K line is over the %D line. Thus a small correction in the short term is possible before this market continues its growth.

Forex News from New Forex: Technical analysis of USD/CHF
On Wednesday after FRS meeting in this market the ascending trend renewed. On Thursday strengthening of dollar led the following situation: by the end of the European trading session at some time for the greenback it was given 1.0342 of Swiss franc. Today’s trading session is characterized by a small depreciation of national currency of the USA and couple is traded within support at 1.0175 and resistance at 1.0303. However bulls still keep their potential in the long term. On the day chart the MACD histogram also begins to grow in a positive zone which indicates an entrance to the market with long positions. The Stochastic oscillator also confirms the current tendency being at an entrance of an overbought zone with the %K line above the %D line. In the short term, according to a technical analysis at a four-hour timeframe the situation isn’t so unambiguous. Indicators from these two indicators disperse a little that can foretell small correction in dynamics of this market.

NewForex Analyst
Luigi Campo


Fundamental analysis from New Forex: The Asia-Pacific region
The prospect of toughening FRS monetary policy next year was reviewed towards increasing three times, instead of the double reference point accepted earlier in September. These news pushed profitability of 10-year treasury bonds of the USA to two-year maxima while short-term grew to its maxima of 7 years. Primary commodities and precious metals weakened against the background of the greenback strengthening. For today the MSCI Asia-Pacific index lost 1.78% though the Japanese Nikkei grew up at 0.8% because of weak yen. The Wall Street also added: Dow grew up by 0.31%, Nasdaq added 0.37%, and S&P extended for 0.39%. The Australian market lost 0.1% and Canadian added 0.14%. The US dollar became stronger about its 2002 maxima. The dollar index is at the level of 103.10, near its 14-year maxima of 103.56. The American currency is traded at the level of 118.145 yens after departing from a 10-month maximum 118.660 which was reached before. The Australian and Canadian dollars are traded poorly against competitors in relation to weakening tendency of the raw markets.

Fundamental analysis from New Forex: Europe
In Europe it is observed the growing interest in shares which is promoted by more rapid nominal growth, changes in monetary policy, moderately high interest rates and only slightly accelerated inflation. The financial highlights showed growth of the Italian banks up by 4.4% for the last three weeks. In general, the banking sector of Europe enjoys wide popularity among investors these days. The Stoxx Europe 600 index added 0.9% earlier and is traded near its January maxima though has all risks to lose about 2% this year if the rally on cyclical stocks breaks until the end of a quarter. The bank index grew up by 2.5%, having benefited from the growing profitability of the USA treasury bonds. The European currency is traded at the level of 1.0435 against the greenback, having lost 0.2% earlier and having approached 13-year minima in 1.0366. The Bank of England didn’t begin to raise rates and therefore the pound sterling is unpopular today, however the Swiss franc has potential to growth because of the growing interest in bank shares, but this demand is significantly limited by low interest in precious metals.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
Following the trades results for the last week the single European currency keeps above a mark of 1.0400. The ascending movement was limited to mark’s correction to 1.0473. On Monday it is expected that both data on the Index of economic expectations (IFO) across Germany and also Indexes of business optimism with the Indicator of assessment of the current situation for December will be published. If data is better than forecasts or though at their level, the single European currency will get support and remain in the field of the current quotations. If data is worse, the currency will appear under pressure. Well, at last if data on the USA today (Purchasing Managers’ Index in a service sector for December) appear according to the forecast or above, then the pressure upon euro will amplify. So far the pair is traded within support at 1.0422 and resistance at 1.0497.In the long term the market still keeps bearish moods.The technical analysis on the four-hour chart has a small bullish shades. The MACD histogram remains in a negative zone because it is located above the signal line and raises, creating thereby a signal on purchase. The Stochastic oscillator enters an overbought zone with the %K line above the %D line that confirms a bullish spirit of the market in this interim.

Forex News from New Forex: Technical analysis of GBP/USD
At the trades on Friday, quotations on this currency pair were at the level of 1.2382, but during trades in America, closer to closing the price returned to the corner of 1.2500. On Monday at the opening of the European trading session the price remains within support levels at 1.2433 and resistance at 1.2559. The MACD histogram on the four-hour chart is in a negative zone, but began to decrease and now it is above the signal line which indicates about weakening of bearish potential of the market. However, at the same time Stochastic reports that bears nevertheless have enough forces to press through the market giving a signal for sale. The indicator of average directed movement ADX speaks well for short positions too. Thus, concerning a short-term outlook despite small weakening of the descending tendencies, sterling still can’t overcome the greenback and to unfold back the current tendency of the market.

Forex News from New Forex: Technical analysis of USD/JPY
On Monday pair is traded with small lowering, remaining in the frame of current ascending channel and within support levels at 117.19 and resistance at 118.15. In the long term — the schedule was fixed above the Ichimoku indicator that implies continuation of the ascending trend and further strengthening of the greenback. On the four-hour chart it is possible to notice the reduction of the MACD histogram and Stochastics exit to an oversold zone giving a signal for sale where the %K line is lower than the %D line. Thus, it is recommended to buy about the local level of support in order to fix profit around the upper bound of the ascending channel.

Forex News from New Forex: Technical analysis of USD/CHF
On Monday trade on this currency pair is characterized by easy bearish spirit of the market with decrease in quotations of the current level of support at 1.0223 and with a resistance at 1.0293. Having reached its five-year maximum last week , the price returned to a framework of the ascending channel that implies weakening of bullish tendencies, but not changing of general trend in any way. According to ADX Average directional movement index we can expect further strengthening of the greenback against Swiss franc in the long term, the discrepancy of +DI and — DI is rather big and continues to increase. Moving averages were slightly slowed down, but continue to grow up. In the short term, correctional movement down is probably to appear if to trust indicators of the MACD histogram and Stochastic on the four-hour chart.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region
The regional markets weakened and are traded within its minima of November 21 against the background of deterioration in diplomatic relations between China and the USA because of the captured underwater American UAV today. However, this conflict is exhausted and the UAV will be returned in the nearest future, but investors already managed to react to risks. The local MSCI index weakened at 0.1% to four-weeks minima and at 3% for the last month. The People’s Bank of China accepted provisional regulations for regulation of foreign insurance companies that led shares of Hong Kong to September’s minima. The Japanese Nikkei suffered at 0.2% because of the strengthened yen while the Wall Street shares showed the descending dynamics: industrial Dow lost 0.04%, and S&P 500 and Nasdaq weakened at 0.18 and 0.36% consequently. The Canadian TSX and ASX of Australia also grew up at 0.53% and 0.22. The greenback lost 0.3% against the JPY and is traded at the level of 117.59 in defensive line items against all other competitors. Meanwhile, the yen is in the lead in growth against all principal currencies while CAD and AUD noticeably weakened because of low demand for raw material resources these days.

Fundamental analysis from New Forex: Europe
The European markets grow up led by bank and in general by cyclic shares. Shares of European Banks are traded cheap after the Italian constitutional referendum, but open prospects for growing against the background of incentives of the European regulator. The tendency lingered on and many investors are very cautious being afraid of a turn that led to a moderate and slow growth of these assets. Today the main European indexes opened with growth thanks to the banking sector and positive forecasts for business activity. Besides, the oil prices which jumped up on expectations of further reductions in the future year served as the growth driver. The MSCI Europe index is traded in the range of 0.30-0.45% of a surplus today. The euro index grew up by 0.33% and the currency is traded at the level of 1.0459 against the greenback significantly having added to its minima of last week, that is 13-year minima in 1.0366. The GSCI Energy index grew by 1.81%. The British pound is traded weaker than other principal currencies and here the Swiss franc became stronger against the majority because gold added 0.38% on Friday, reflecting tendency of investors to risks hedging.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday couple is traded with reduction in price remaining within support level at 1.0355 and the level of resistance at 1.0440. The technical analysis of the market remains bearish. On the four-hour chart the MACD histogram is in a negative zone and it is slightly higher than the signal line and moves along time axis. Stochastic entered an oversold zone with the %L line below the %D line. Thus, we have signals for sale on both indicators in the short term.

Forex News from New Forex: Technical analysis of GBP/USD
At opening of trades in Europe this currency pair continues the descending dynamics, being traded within support levels at 1.2300 and resistance at 1.2450. Today the bearish mood of the participants remain to dominate in the market just like yesterday. In a four-hour time frame the descending progression of the MACD histogram is observed giving a strong signs for benefit of short positions. The Stochastic oscillator gives an accurate signal for sale and the %K line fell below the %D line.

Forex News from New Forex: Technical analysis of USD/JPY
On Tuesday, after a small correction at the end of the last week at the trades, it is observed the renewal of the currency pair growth in levels of support and resistance at marks of 116.12 and 117.55 which increased consequently. On the four-hour chart the technical analysis looks moderately bullish with continuation of the ascending trend in the market. For today, the MACD histogram intensively grows returning to a positive zone, being above the signal line that is a certain signal for purchases. Stochastic also gives a signal on purchase so the %K line is higher than the %D line staying in an overbought zone.

NewForex Analyst
Luigi Campo


Fundamental analysis from New Forex: The Asia-Pacific region
The Bank of Japan kept its rates without changes that led to fall of yen and served as the driver for growth of exporters shares. In general shares in the region are traded in different directions because of terrorist attacks in Turkey and Germany. At the same time, the head of the Federal Reserve of the USA Janet Yellen gave a number of bullish comments on the labor market and monetary policy that spurred on US dollar and the shares of Wall Street. The MSCI index is traded with a small surplus of 0.05%, Nikkei added 0.12%. In China CSI 300 weakened at 0.6%. The Wall Street grew: Nasdaq added 0.37%, S&P 500 and industrial Dow added 20%. ASX in Australia grew up by 0.52%, and the Canadian TSX extended for 0.12% today. The US dollar grew up by 0.1% against yen having closed its lowering with 0.7% earlier on Monday. The index of US dollar added 0.2%. For today, the Canadian and Australian dollars got the upper hand of growth. On the eve of holidays there is a decrease in the trading volumes even on obviously perspective tools as investors and traders are hedged through safe assets.

Fundamental analysis from New Forex: Europe
Interest in the banking sector was developed as it was expected that led to fall of European bonds profitability. The next attempt of Monte dei Paschi bank to receive the credit of 5 billion euros from the European Central Bank was the cause of short-term pressure weakening of a debt burden. Today, the global bank index added 0.27% while the European bank index lost more than 1.2% from Stoxx Europe. Gold grew up by 0.46% against the background of the condensed policy risks while investment moods of the financial risks inclined to hedging. Brent oil lost 0.2% having fallen to $54.82 for barrel again because of holidays. It led an index of alternative energy WH Clean Energy to growth by 1.69% while the Bioenergy index grew up by 0.16%. Formerly Euro lost 0.4% against the greenback while the British pound trades above the majority of currencies and the Swiss franc shows weakness signs though trades above yen and euro being supported at the hedgers cost. Meanwhile, the authority of the Managing Director of the International Monetary Fund Lagarde, received a serious damage against the background of accusations of the French court in negligence but the Fund committee decided to leave the head in a position.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Thursday, during the Asian session and by the opening of trades in Europe this currency pair slightly grew up but then faced resistance in the corner of 1.0450. However, this is not about change of the markets current descending tendency in the long term. Line items of bears are weakened a bit but only in the short term. On the four-hour Stochastic chart it is located rather close to an overbought zone and creates a signal on purchase with the %K line above the %D line. The MACD histogram creates an identical signal but at the same time remains in a negative zone. Moving averages with the period of 20 and 55 were only a little slowed down and continue to decrease. Marks of 1.0355 and 1.0451 act as the closest levels of support and resistance.

Forex News from New Forex: Technical analysis of GBP/USD
For the current trade week this market was aimed to find some kind of balance. On Thursday, by the time of trades opening in Europe we have a firm level of support in the corner of 1.2315 and at least strong level of resistance in the corner of 1.2381. In the long term this currency pair keeps bearish potential. The market is located below moving averages which continue to decrease. Concerning a short-term outlook, on the four-hour chart it is observed the movement of MACD histogram along time axis but at the same time it remains in a negative zone and gives a signal on purchase, having risen above the signal line. The Stochastic oscillator created a similar signal being in a neutral zone.

Forex News from New Forex: Technical analysis of USD/JPY
This week pair keeps its ascending tendency, however the bullish market potential was a little slowed down. At the trades on Thursday the price remains within the closest levels of support at 117.46 and resistance at 118.20. In a four-hour time frame the market stays above the Ichimoku indicator, however the MACD histogram almost came up with a central line and has a very weak signal on purchase. The Stochastic oscillator is in the central corner and created a signal for a favorable entrance to the market with long positions, the %К line goes up and rose above the %D line.

Forex News from New Forex: Technical analysis of USD/CHF
On Thursday, strengthening of the greenback against Swiss franc was a little slowed down and the trades in Europe proceed within support levels at 1.0234 and resistance at 1.0287. Insignificant consolidation of the price is observed in the corner with tendency to preserve the current ascending trend. However, according to indications of technical analysis indicators it is possible to speak about decrease in bullish potential of this market. On the four-hour chart reducing of the MACD histogram is observed. So in the short term it forms a signal for sale. The Stochastic oscillator is also at the stage of similar signal forming. The average directed movement indicator shows preserving of the current trend and its force in the long term, the discrepancy of +DI and — DI is still considerable. The price remains in the current ascending channel.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region
The stock markets in the region are traded obscurely headed by weak American indexes. Dynamics which is traditional for holiday days was aggravated with expectations of important economic data from the USA and Canada which can renew rally on the American and Canadian dollars. The Wall Street shares were slowed down: industrial Dow lost 0.16% while S&P 500 and Nasdaq weakened at 0:25 and 0.23% consequently. Regional MSCI decreased by 0.3%, and the Japanese Nikkei lost 0.2%. TSX in Canada and ASX in Australia extended at 0.08 and 0.54%. The greenback also weakened, having departed from its 2002 maxima at the level of 103.650 to the level of 102.940 on the greenback index. The dollar is traded at the level of 117.58 against yen that doesn’t salvage the Japanese shares. The Canadian dollar became stronger against most of competitors while the Australian dollar strengthened only against yen.

Fundamental analysis from New Forex: Europe
The index of consumer confidence in the eurozone grew up to its 20-month maxima. Optimystical data served as an impulse for euro, but concerns about political instability still render pressure and will be postponed till the next year. The all-European Stoxx Europe 600 lost 0.35%. In Britain, FTSE 100 lost 0.04%, CAC 40 in France lost 0.33% while German DAX added 0.03%. Strong euro pressed the stock indexes but in general they give potential for further growth, mainly because of the large corporate deals traditional for the end of the year. The European currency grows and is traded at the level of 1.0438 against the greenback with a surplus in 0.2% and separation from 13-year minima in 1.0352. The British pound keeps steadily in anticipation with publication of GDP data while the Swiss franc, almost doesn’t lose in attention thanks to hedgers whose number also grows by the end of a financial year.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
The chart of the market quotations is clamped between moving averages with the period of 20 and 55 that can pour out in a side trend within this area. The price remains within support levels at 1.0425 and resistance at 1.0464. On the four-hour chart the MACD histogram still remains in a negative zone but it is reduced and gives a signal on purchase. Stochastics decreases to the oversold corner creating an opposite signal, the %K line fell below %D line. In case of its turn and crossing with the %D line from the bottom upwards we will receive a strong signal on purchase. So far it is recommended to wait as the technical analysis is a little contradictory. Bears will give in only provided that the price will be raised and fixed above the local level 1.0464.

Forex News from New Forex: Technical analysis of GBP/USD
For today, the strengthening of the greenback against sterling which began on December 6 continues. The chart of quotations is in a four-hour timeframe significantly below moving averages with the period of 20 and 55 which indicates serious bearish market potential. At the trades on Friday the price remains within support levels at 1.2232 and resistance at 1.2341. The pair is traded with small lowering and the market tests the current level of support. However, a technical analysis in the short term is not so bearish as it was supposed. The MACD histogram steadily moves along time axis being in a negative zone and with an indistinct signal on purchase. The Stochastic oscillator leaves an oversold zone with crossing of the %K line with %D line from the bottom upwards, creating thereby an accurate, confirmed signal on purchase.

Forex News from New Forex: Technical analysis of USD/JPY
The strengthening of the greenback against the JPY was a little slowed down within this week and on Friday the pair is traded within support levels at 117.46 and resistance at 118.20. The price fell below moving averages with the period of 20 and 55 and tests the current support. On the four-hour chart the technical picture is obviously bearish. The MACD histogram falls and passes into a negative zone, creating a signal for sale. Stochastic also decreases with the %K line below the %D line that implies the descending tendency in the short term. In the long term it is early to speak about change of the current trend for now. Dynamics of the market on the day chart remains ascending and the price stays above the Ichimoku indicator and moving averages with the period of 20 and 55. If the market will be fixed below the current level of support we will be able to expect further development of the bearish scenario to the corner of 116.65. If the market comes out higher than resistance at 118.20 then there will be the further growth and new annual maxima, comparable with January maxima of the current year.

Forex News from New Forex: Technical analysis of USD/CHF
The ascending trend of the currency pair was slowed down a little but not developed and now in the market there is a small redistribution of potential between sellers and buyers. According to the Average directed movement ADX indicator this market keeps the ascending potential, bullish line items are still strong. In the long term, we should expect the further growth as the discrepancy between +DI and — DI remains considerable. At the trades on Friday the pair is traded within support levels at 1.0234 and resistance at 1.0278. On the four-hour chart the market was clamped between moving averages with the period of 20 and 55 that in the short term will pour out in side dynamics of the market. The MACD histogram decreases to a negative zone and creates a signal for sale. The Stochastic oscillator creates an identical signal too. The descending movement requires sufficient, bearish potential for the market to take place and being fixed below the local level of support at 1.0234, then we will be able to see correction in the corner of 1.0157.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region
The stock markets weakened for the last several days as investors fix their profit on the eve of holidays and in conclusion of long rally on Wall Street indexes and the greenback which reached its long-term maxima this week. The MSCI index on the Pacific Rim out of Japan lost 0.3% today and 1.6% for the whole week. World MSCI grew up by 0.16%. The Wall Street shares also took a respite: industrial Dow gained a surplus in 0.12%, Nasdaq and S&P 500 lost 0.44 and 0.19% consequently. The Australian shares lost 0.22% while the Canadian TSX extended for 0.19%. The Japanese market is closed on celebration of the 83rd birthday of the Emperor Akihito. The US dollar dropped by 0.1% against the JPY losing in general about 0.4% this week. At the same time the dollar index stabilized at the level of 103.05 and can finish week with a surplus of 0.1%. The Canadian dollar is traded in defense because of the negative government outlooks for 2017 currency considering fall of the Canadian to 65 cents of the USA. The Australian dollar departed even below its Canadian colleague being traded at 72.22 cents of the USA because of dip in prices on iron ore which is a basis of Australian export. Today, the cost of iron ore dropped by 2.8% to $77.10 for ton.

Fundamental analysis from New Forex: Europe
The stock indexes in Europe received an easy shake-up after the public was informed that the bank problem in Italy can’t be solved at the expense of private means and the need of the state recapitalization subsequent upon it. Today, the all-European Stoxx 600 is on the way to 0.2-% losses while the bank index of Europe lost 0.6% having departed from the annual maxima which was reached earlier this month. Nevertheless, the situation shall be stabilized against the background of prompt actions of the Ministers Italian Cabinet where this morning it was promised to allocate €21 billion for banks salvation. Euro added 0.1% against competitors having limited weekly losses up to 0.1%. Meanwhile, the British pound continued its growth adding 1.6% against other principal currencies this week. This week the Swiss franc is still stable because of the growing gold and hedgers so it trades above most of competitors.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Monday the trades on this currency pair proceed quite steadily. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Japan was the only one who had news. Thus, today euro is traded against the American dollar in a lateral channel with a small advance in price within the closest levels of support at 1.0435 and resistance at 1.0469. Only fixing of the market above a mark of 1.0500 will be the foundation for a talk on increase in demand for single European currency. On the four-hour chart the technical analysis develops mainly for benefit of bulls, the MACD histogram was reduced to zero and now is ready to appear in a positive zone, the Stochastic oscillator grows with the %K line above the %D line creating a signal for long positions in the short term.

Forex News from New Forex: Technical analysis of GBP/USD
At the trades on Monday the small ascending correction of the price is observed on this trading instrument. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Thus, it determines low volatility of the market today. On the four-hour chart the MACD indicator remains in a negative zone moving along time axis without creating any accurate signals. Stochastic grows giving a signal on purchase while the %K line is higher than the %D line. As the technical analysis isn’t obviously expressed and determined within intra day trade in the short term, it is recommended to remain out of this market until emergence of accurate signals. As for a long-term outlook, this market still keeps bearish potential. Moving averages with the period of 20 and 55 continue to decrease.

Forex News from New Forex: Technical analysis of USD/JPY
The ascending trend of this market is slowed down and fade away. On the four-hour chart the MACD histogram passed to a negative zone and gives a signal for sale having fallen below the signal line. In the short term the price remains within the closest levels of support at 117.01 and resistance at 117.65 with intention of bears to punch support level. The Stochastic oscillator created a signal for sale, the %K line crosses the %D line from the bottom upwards to the border of an oversold zone. Concerning an average and long-term outlook the chart still remains above the Ichimoku indicator that indicates the current trend is hold true, however there is a redistribution of warring parties forces.

Forex News from New Forex: Technical analysis of USD/CHF
From the middle of a current month growth of this market stopped and duting the last two weeks the pair is traded in a side trend with a corridor of 1.0217 and 1.0319. On Monday, the trades proceed with low volatility. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Japan was the only one who had news.Thus, quotations on this trade instrument remain within support levels at 1.0246 and resistance at 1.0269. The technical analysis on the four-hour chart indicates bearish market potential. The MACD histogram came up with the axial line, Stochastic created a signal for sale. Moving averages with the period of 20 and 55 were slowed down and now approach to the prospect of crossing.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region
For today, the majority of the key markets is closed for Christmas holidays while the American dollar weakened against yen thanks to the weakened profitability of treasury bonds and multidirectional economic data from the USA. Investors are hedged through safe assets, the trade was slowed down, the markets drew up the balance of the expiring year and pledge prospects on future. On Friday, profitability of 10-year treasury bonds fell, having departed from 27-month maxima against the background of the economic indicators which showed strong housing sector, consumers activity and reduced an income on a family. The foreign exchange market lacks activity in Asia, Europe and North America because their markets are closed for today. The greenback is traded at the level of 117.300 against the JPY, having lost 0.2%. On Friday, the Australian dollar stabilized at the level of 0.7178 against the American dollar, having weakened to level of 0.7160 because of weak data from the Chinese market, which is the largest partner of Australia. The Canadian dollar was also slowed down and traded at the level of 0.7400 against the American colleague. At the same time, Trump appointed Peter Navarro, the famous Chinese hawk, the head of neogenic National trade council that was estimated by investors as the first step to a condensation of the protectionist measures declared by the American president.

Fundamental analysis from New Forex: Europe
Previously on Friday the European shares could return in general its positive territory that was promoted by a turn in the banking sector of the region after large creditors took measures of the claim settlement of the US Department of Justice raising the questions of manipulations with mortgage securities during crisis of 2008. On Friday, the all-European Eurofirst 300 was closed with a surplus in 0.03% and can show the best month for two years in a row if it wouldn’t suffer considerable losses until the end of current. The German DAX weakened at 0.05%, and both the French CAC 40 and the British FTSE 100 added 0.1% and 0.06% appropriately. These days the Deutsche Bank is the leader of the European growth and added about 80% this month having developed from catastrophically low levels after agreed to meet requirements of the American Ministry of Justice having cut off benefits amount approximately in the middle of $7.2 billion. The European currency is traded at the level of 1.0457 against the greenback while the British pound went to strong defense while the Swiss franc trades below most of its competitors but still stays afloat thanks to cyclically renewable interest in precious metals and bank shares from the investors inclined to diversify a portfolio and to hedge risks at the end of the financial year.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
In virtue of statistical data publications lack and Christmas days off this currency pair is traded in a lateral channel since the end of last week. The lower bound of the channel serves a support at 1.0431 and upper bound serves the current level of resistance at 1.0454. Moving averages with the period of 20 and 55 were slowed down and are close to crossing. As for Stochastic and MACD oscillators there are no signals. Before clarification of watting parties force and manifestation of their potential we prefer to be out of this market for a while.

Forex News from New Forex: Technical analysis of GBP/USD
In virtue of statistical data publications lack and Christmas days off this currency pair is traded in a lateral channel since the end of last week. At the thades on Tuesday the price remains within the closest levels of support at 1.2273 and resistance at 1.2287 which didn’t change in comparison with last trading session. In a four-hour time frame the MACD Histogram remains in a negative zone, but rose slightly above the signal line that can speak about small increase in bullish potential of this market that makes insignificant redistribution of forces of sellers and buyers. The Stochastic oscillator is located in a neutral zone and at the moment it doesn’t give accurate signals. Nevertheless, the price chart remains below moving averages with the period of 20 and 55 that indicates perseverance of the descending tendency in the long term.

Forex News from New Forex: Technical analysis of USD/JPY
The statistical data on Japan which appeared during the Asian trading session didn’t give support to the Japanese national currency however it also didn’t worsen its situation against the greenback. The pair still remains in a side corridor with the lower bound at the level of support at 117.01 and upper on a mark of resistance at 117.84. Yesterday, on the four-hour chart the MACD histogram went to a negative zone but today it was developed and creates a signal on purchase. The Stochastic oscillator grows up in a neutral zone, giving a signal on purchase so the %K line is higher than the %D line. Moving averages with the period of 20 and 55 are close to crossing up that indicates the remaining bullish potential of this market in the long term.

Forex News from New Forex: Technical analysis of USD/CHF
On Tuesday, the pair is traded with an advance in price remaining within support level at 1.0250 and the level of resistance at 1.0294. Today the market is characterized by a moderate bullsh spirit and numerous but unsuccessful attempts to test the current resistance. The technical analysis on the four-hour chart indicates for a turn of the ascending tendency. The MACD histogram goes up remaining in a positive zone and creates a weak signal on purchase that belongs to the medium term. However the Stochastic oscillator is located in an overbought zone and creates a strong signal for an entrance to the market with short positions, the %K line crosses the %D line from the bottom upwards in the border of an overbought zone. Concerning a long-term outlook, we expect that this market will continue its growth.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region
For today, the Asian stock markets move in different directions while many of the regional markets are still closed for Christmas holidays thereat the US dollar received a fresh boost to growth having railed from the early losses which were received in the early part of the week. The MSCI Asia-Pacific index is traded in a flat while Nikkei added 0.32% because of the weakened yen. The Wall Street grows: industrial Dow Jones added 0.07% whereas Nasdaq and S&P 500 grew up at 0.28 and 0.13% relatively. The Canadian TSX was closed with losses in 0.05%. The Chinese shares lost on average about 0.2%. The Canadian and Chinese indexes weakened despite of positive market data that testifies the low investment activity in real sector significantly weakened by the growing dollar. The US dollar grew up by 0.1% to the level of 103.13 against main competitors in compliance with an index of the American currency which is not far from 13-year maxima today. The Japanese currency weakened against the background of the low consumer prices which showed weakness the ninth month in a row while expenses of households fell even in spite of the fact that the number of new workplaces grew up to its 25-year maxima. The Canadian dollar became stronger against the majority of principal currencies because of the developed oil prices.

Fundamental analysis from New Forex: Europe
The European economy is going to close 2016 with a notable surplus in the main markets such as Germany, France and Great Britain with the same notable easing on the periphery particularly in Italy, Portugal and Greece. Some markets didn’t manage to get out of credit debts even despite activation of the program of quantitative mitigation from the European Central Bank by the end of the year. Today, strong consumer moods and weak euro allowed the European markets to increase its growth. The all-European Eurofirst 300 grew up by 0.4% and for 0.1% since Monday, against the background of the growing banking sector which added also about 0.1% since the beginning of week. Polls on behalf of scientifically research institute of GfK showed growth of consumer and investment confidence for the future year. The European currency is traded with lowering of 0.2% against US dollar at the level of 1.0435 whereas the Swiss franc still uses appeal in the opinion of the investors needing protection of assets against New Year’s Eve financial risks. Oil prices were developed against the background of reductions OPEC and other manufacturing countries, such as Russia meanwhile and grew up by 0.1% today.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Wednesday, we can observe continuation of slow but stable strengthening of single European currency against the greenback is expected. For today the slow growth which began on December 20 continued during the Asian trading session. The market tests the closest level of resistance at 1.0469 once again meanwhile the price remains within support at 1.0434 and strong resistance in the corner of 1.0490. On the four-hour chart the technical analysis of the market is characterized by the ascending potential. Redistribution of forces between buyers and sellers is almost complete, the moving average with the period of 20 crossed average with the period of 55 from below up. The MACD histogram is at a zero mark and moves along time axis. Stochastic is in an overbought zone and creates a signal on purchase, the line %К is higher than the %D line and both are growing at the moment.

Forex News from New Forex: Technical analysis of GBP/USD
On Wednesday, during the Asian trade session the sterling was traded with small strengthening against the greenback. On the four-hour chart it is possible to see that this market found intermediate support at 1.2243 and now the price, rests against resistance on a mark 1.2292 having made a start from this local level. Concerning technical analysis in the short term, the MACD Histogram remains in a negative zone, but today gives a signal on purchase. The Stochastic oscillator is in a stage of growth and approaches an overbought zone, creating a signal for an entrance to the market with long positions. Continuation of the ascending tendency is possible if the price will be fixed above the current level of resistance. Then we will be able to see the growth up to 1.2370 and perhaps further grow up to 1.2425. In case of opposite succession of events the rate of sterling can fall to the mark of 1.2110 which is the strong level of support.

Forex News from New Forex: Technical analysis of USD/JPY
This week we continue to observe consolidation of this market with support at the level at 117.22 and with a resistance at 117.87. On Wednesday, the pair is traded with a small advance in price during the Asian trade session however the technical analysis of the market in the short term has bearish tendencies of development according to indicators indications of the technical analysis. On the four-hour chart the MACD histogram is located in a positive zone, slightly higher than the central line and grows poorly. The Stochastic oscillator created a signal for sale, the %К line crosses the %D line from top downward and decreases. Moving averages with the period of 20 and 55 were slowed down crossing from top downward.

Forex News from New Forex: Technical analysis of USD/CHF
At the Wednesdays trades the Swiss franc is traded with a small advance in price against the greenback remaining within flowing supports at 1.0266 and resistance at 1.0297. In the short term this market is more susceptible to bullish moods of its participants and its schedule is located above the Ichimoku indicator. The next purpose for the ascending movement is the corner of 1.0319 (max. of 20.12.2016) and further 1.0342 (max. of 15.12.2016) where the strongest area of resistance is located. The MACD histogram on the four-hour chart remains in a positive zone and began to grow poorly but doesn’t create a signal yet. Stochastic is located in the central area and only begins to create a signal on purchase. Speaking about a long-term outlook we have already updated an intra annual maxima and even more. We returned to the price level of August, 2010 that allows to assume that the ascending movement can continue. On the day schedule MACD grows creating a signal on purchase, as well as Stochastics, the %К line which is above the %D line grows.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region
For today, the regional stock markets grow headed by Wall Street condensing activity during the period between holidays. But in the majority participants of the markets are hedged against holiday risks and review investment portfolios in such days while the dollar became stronger against yen against the background of positive economic data from the USA. The MSCI index added 0.42%, the Japanese Nikkei lost 0.05% having been late in defensive line items. The Australian shares grew more than by 1% because of rally for primary goods while the Indonesian assets added 1.9% and Shanghai lost 0.1%. The Wall Street grows: industrial Dow added 0.06% while S&P 500 and Nasdaq Composite grew at 0:22 and 0.45% correspondingly. In December, The American dollar became stronger at the level of 117.670 against the JPY having added 0.25% against the background of the growing consumer activity which showed the best results for the last 15 years. CAD also became stronger because of rally on primary goods and AUD was by the same token beaten out in leaders of growth today having overtaken all main competitors. Later on today we expect data on contracts from the real estate market which as expected can specify the bullish direction for US dollar.

Fundamental analysis from New Forex: Europe
In Great Britain the number of private house on individual household was reviewed on lowering from Resolution Foundation to 51% in a section with official assessment in 64%. RF analysts proved recalculation by the fact that many house owners are inclined to accept lodgers or to lease apartments that led to errors in official statistics. At the same time the European Central Bank agreed to allocate €8.8 billion for recapitalization of one of the largest and at the same time the oldest Banks of Italy — Monte dei Paschi. The European stock indexes were closed with growth earlier. On Tuesday, the British FTSE 100 added 4.49 pips or 0.06% to the level 7,06817 while French of CAC 40 grew at 8.60 points or 0.18% and is traded at the level of 4,84828. German DAX added 22.31 pips or 0.19% to the level of 11,47224, and the Switzerland market index of Switzerland grew up at 26.81 points or 0.33% to the level of 8,25945. Altogether the all-European Eurofirst 300 was closed with a surplus of 0.11%. For today, the European currency grew up 0.1% against US dollar and is traded near the level of 1,04662 whereas the British pound having recovered from the early losses received at the beginning of a week recovered 0.2% and traded at the level of 1,22902. The Swiss franc is stable and trades above most of its competitors. The strong demand for primary goods grows day by day and many economists expect that this tendency will dominate in the markets at the beginning of 2017.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region
The Asian markets suffer losses following Wall Street indexes which fell after investors began to fix results of weeks-long profit. At the same time by the end of a financial year and also as a result of profitability kickback of treasury bonds. The Japanese Nikkei lost 1.3% against the background of the strengthened JPY while Toshiba Corp lost 16% because of news about mass write-offs which led to decrease in credit ratings of the company. S&P reported about expectations of sharp reducing capital stock that it can undermine financial stability of conglomerate. The MSCI index in the Pacific Rim dropped by 0.19% however in some markets, for example in Australia there is a considerable surplus to 17-month maxima while shares in Shanghai added 0.2%. The Wall Street slightly sank: Dow dropped by 0.56% while S&P 500 lost 0.84% and Nasdaq Composite weakened for 0.89%. The US dollar lost 0.5% against JPY but is still 12% higher this month. Bonds of the USA showed record rally in combination with surprisingly great demand on 5-year-old earlier treasurer while profitability of 10-year bonds fell to the lowest levels in two weeks having lost 2,492%. Economic data are concentrated on the US, unemployment benefits and oil inventories.

Fundamental analysis from New Forex: Europe
Eurozone profitability is falling against the background of the concerns connected with destabilization of a bank system in combination with low investment activity which characterizes these days. The British pound loses because of the real estate market. Profitability of the Italian bonds falls against the weakness background of the basic indexes FTSE/MIB correlating with euro and the British pound. In general — investors are concerned by the Italian financial stability. At the same time tendency of participants to close line items in holiday time leads to delay of trade reactions in the markets. The expanding yield gap fixed euro at the level of 1.0450 against USD after approached maxima of two months at 1.2243. The British pound shared lot of common currency in relation to dollar but at the same time received a considerable rebound in Asia earlier and is traded at the level of 1,2200. In Great Britain housing prices promise to continue growth in 2017, however by much slower rates and according to the researches Halifax. The weak economy in combination with the low level of availability will entail reduction of sales. In the merchandise market oil loses because of growth expectations in US inventories — about 26 cents for $53,80 for barrel while Brent trades on 4 cents below for $56,18.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region
The US dollar is traded near its 14-year maxima against the optimistic background of the global economic data which affected the Wall Street. The strong dollar limited growth of the raw market but helped the Japanese exporters to enter long rally in the stock market towards the largest growth for the last two months. In the first trading day of year the Nikkei index grew up by 2,53% and now it is at the highest level since December 2015 that was promoted also by the factory data which showed considerable acceleration last year. The MSCI index grows already the seventh session in a row with a surplus of 0.2% today. China is kind to corresponding moods, the eurozone and the US have also the same feeling. The index of global investment activity from Barclays grew to the highest level since December 2013. The dollar was traded at the level of 103.82 against the basket of principal currencies on maxima of 2003 before fixing the profit from investors pushed it back to level 103.32. Owing to weak activity for JPY the currency of the US grew up to 118.11 having faced levels of resistance at 118.60/66. Also there are news on Mexican peso which is traded at the lowest level against US dollar.

Fundamental analysis from New Forex: Europe
The European shares grow with the leading financial and commodity sectors, blue chips of Great Britain beginning new year at record-breaking high level. Especially bullish FTSE served as a reliable support for the European market and investors expect that this tendency will remain. The sector of the main Europe resources and also an oil-and-gas sector grew on 1.3 and by 0.9% relatively because of active support of the primary goods prices. The all-European Stoxx 600 was closed with a 0.7-% surplus having reached the highest level since December 2015 having added 0.5% earlier on Tuesday closing at the level of 7.17789 after an early rally till 7.20545 respectively on the same day. Finance companies were allocated as leaders of growth with growth of 2.8% on the all-European index being closed above its annual maxima at the same time. Profitability of the German 10-year bonds grew up by 10 basis points to two-week maxima in 0.29%. On Tuesday, in the goods markets oil prices were stabilized after lost more than 2% having returned 40 and 43 cents — WTI and Brent relatively. Euro is traded at the level of 1.0402 against US dollar having returned from its minima 1.0342. Depreciation of euro goes despite jump in profitability of domestic bonds after official sources certified growth of the German inflation to the highest levels since January, 2014.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Monday the couple is traded with a small bearish spirit of the market participants remaining within support levels at 1.0481 and resistance at 1.0579. The MACD histogram is in a positive zone and goes down having created a signal for sale of single European currency. The Stochastics oscillator is in an oversold zone and also creates a signal for sale, as the %К line is located below the %D line.

Forex News from New Forex: Technical analysis of GBP/USD
On Monday the currency pair is traded with an overwhelming bearish spirit of market participants. Quotations were fixed much below than moving averages with the period of 20 and 55. The MACD histogram fall below the central line and entered a negative zone giving a signal for sale of sterling. The Stochastics oscillator entered an oversold zone and created a signal for sale, the %К line is below the %D line.

Forex News from New Forex: Technical analysis of USD/JPY
On Monday the trade on this currency pair proceeds with a small increase and the price remains within the closest levels of support at 116.04 and resistance at 118.17. The market remains above the Ichimoku cloud thus the signal for sale is still weak. The MACD histogram appeared to the positive area above the central line but its growth was slowed down. The Stochastics oscillator is located in an overbought and created a signal for sale.

Forex News from New Forex: Technical analysis of USD/CHF
At the trades on Monday, the pair remains within the current levels of support at 1.0133 and resistance at 1.0225. In the short term the mood of markets participants is moderately bullish, the MACD histogram remains in a negative zone and gives a signal on purchase. The Stochastics oscillator is in an overbought zone and also formed an identical signal, the %К line is higher than the %D line.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region
Expectations in the relation of U.S. Fed support rising rates a tendency to growth of dollar while the Asian market releases the equity to joy of the European shares and American treasury bonds where profitability of two-year bonds grew up to 1,21% having come off the minimum of 1.17% which reached earlier on Thursday. MSCI in the region added 0.5% while the Australian and Canadian markets added 0.9% and lost 0.6% relatively. Wall Street indexes are traded in the positive territory, despite strong dollar: Nasdaq grew up by 0.6%, Dow Jones and S&P added 0.3%. Investors are very cautious before Trump’s press conference on Wednesday which can force investors to fix profit. Meanwhile the US dollar grows in quality of critical threat for Asian assets, extending the equity and toughening fiscal policy on a global and economic background. At the same time the Australian dollar got stronger because of the renewed rally on the share of mining companies and the Canadian colleague sank against the majority of principal currencies because of the developed oil prices. Oil futures dropped on average by 0.3% because of strong dollar and the growing doubts that members of OPEC will adhere to the agreement on reducing production amounts in the current time.

Fundamental analysis from New Forex: Europe
The European stock indexes opened a week with growth which is promoted by capital outflow from the Asian region to safe assets — precious metals, cyclical stock and perspective bank shares as peripheral, and in the developed markets. At the same time the British shares grow already more than a month, mainly because of weak pound sterling. The all-European Eurofirst 300 is traded near its month maxima and added more than 10% since November because of the dragging-on global tendency on fiscal policy. Meanwhile, capitalization of the companies gold miners grows which is connected with growth of capital costs of many industry members — for the purpose of compensation of the exhausted inventories. But in general growth on gold remains limited because of strong US dollar. The European currency is traded near its six-months maxima above most of competitors. However, it yields to the American dollar at the level of 1.0534 while the Swiss franc became stronger against the background of the short-term rally for gold. The British pound is the weakest than main competitors, but supports by that growth of national exporters — already the fifth week in a row. The European shares promise to grow if the dollar will remain strong further.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday the trades proceed with a strong benefit of bulls. The market tests resistance is about a mark of 1.0608. It is necessary to notice that in the corner of 1.0525 there was formed a stable and strong support. The technical analysis on the four-hour chart confirms an overwhelming benefit of bulls. The MACD histogram is located in the positive angle, above the alarm line and grows creating a strong signal on purchase of euro. The Stochastic oscillator is in an overbought zone and gives a signal on purchase as the %К line is higher than the % line. Therefore, in the short term we can expect continuation of this market growth with the potential purposes for bullish strategy in the area 1.0625.75.

Forex News from New Forex: Technical analysis of GBP/USD
At the trades on Tuesday there is a considerable consolidation of the price in the area of 1.2110 — 1.2167. The mood of participants of the market has obviously bearish potential. On the four-hour chart the Stochastic oscillator gives a strong signal for sale of sterling as the %К line crosses the %D line top down.

Forex News from New Forex: Technical analysis of USD/JPY
The trades on Tuesday differ in bearish potential among participants of the market. The rate resumed movement down and the market was fixed below the Ichimoku cloud. Thus the purpose for the descending movement is the first level of support at 115.35 which was tested more than once. The level of 116.98 acts as resistance. If the price is fixed above the Kijun-Sen line (116.83) the descending movement will be cancelled and the closest level of resistance will become the purpose. The MACD histogram is directed down giving a signal for sale. The Stochastics oscillator is in an oversold zone at the stage of signal forming.

Forex News from New Forex: Technical analysis of USD/CHF
On Tuesday the pair resumed its descending movement having jumped aside from Ichimoku cloud. The purpose for the descending movement acts the closest level of support at 1.0022. Relevance of the participants of the market bearish spirit should be considered until the price is below the Kijun-Sen line (1.0188). The MACD histogram is located in a negative zone and gives a signal for sale. The Stochastics oscillator of is close to an oversold zone and created a signal for sale, the %К line is lower than the %D line.

NewForex Analyst
Sara Rosenstein

Fundamental analysis from New Forex: The Asia-Pacific region
The US dollar unexpectedly appeared under pressure during an Asian session. Being traded with a quite good surplus at the beginning of the session the dollar started to rise later and began to fall, having lost 0.3% against main competitors. Both the Australian and New Zealand dollars together with Japanese yen and euro became stronger on these news. The Asian markets are stable, meanwhile the prices of the Chinese producers grew because of the strengthened staple prices. The MSCI index in the region grew up by 0.3% while the American indexes were closed in different directions: Nasdaq Composite added 0.19%, Dow Jones and S&P 500 decreased by 0:35 and 0.38% relatively. The Canadian TSX and Australian ASX decreased by 0.7 and 0.8%. Shanghai Composite lost 0.2%. Today oil prices grew up by 0.12% on the average. The US dollar weakened in relation to the basket from six principal currencies having lost 0.3% on an index and having fallen to the level of 101.64. At the same time the greenback is traded poorly against the Japanese yen at the level of 115.585 expecting Trump’s press conference which will be the first one since elections. The Australian dollar became stronger at the level of 0.7367 against US dollar and the Canadian weakened to 0.7565. Today we also expect news from the labor market which can show bullish moods on the American dollar and affect market moods in general.

Fundamental analysis from New Forex: Europe
Meanwhile, representatives of the EU declared that Britain won’t be able to provide necessary 500 million external consumers to the market without accepting the principles of free economic and political movement. Similar moods pressed for the British pound sterling having provided growth of FTSE 100 to record maxima. In general the European indexes are traded poorly because of severe losses in the banking sector developed after positive start at the beginning of a year. Pan-European Eurofirst 300 decreased by 0.35% while the banking sector weakened for 1.7%. But in general the sector grew within the last weeks because of hopes for a financial incentive counting upon January 20 promising growth of bond yield because of Trumps inauguration. Gold became stronger because of the growing interest in a hedging having added 0.3%. Euro became stronger against US dollar at the level of 1.06075 having added 0.3% while the British pound is traded at the level of its two-month minima having taken defensive positions against all principal currencies. The Swiss franc traditionally grows because of special attention to hedging instruments of financial risks and is traded with a 0.03-% surplus against competitors.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Wednesday the trades on this currency pair proceed in different directions. After the end of trades in Asia there are bearish moods of its participants which dominate in the market. It is necessary to undermine that following is the results of Tuesday trading session in the corner of 1.0615/25 with strong level of resistance. The current rate is clamped between moving averages with the periods of 20 and 55. On the four-hour chart the MACD histogram is located in a positive zone but below the alarm line continuing to decrease that indicates formation of a signal for sale of single European currency. The Stochastic oscillator of Stochastics is in a zone of an oversold and creates a similar signal.

Forex News from New Forex: Technical analysis of GBP/USD
On Wednesday the trades on this currency pair proceed with small increase but the price remains within the closest levels of support at 1.2141 and resistance at 1.2281. The chart is located much below than moving averages with the period of 20 and 55 which are directed down and decrease. On the four-hour chart the MACD histogram is in a negative zone creating a signal for sale of the British pound. The Stochastic oscillator is located in the central area and also creates a similar signal, the %К line crosses the %D line top down.

Forex News from New Forex: Technical analysis of USD/JPY
At the trades on Wednesday it is observed correction of the price and this market is consolidated in the field of support at 115.21 and resistance at 116.56. On the four-hour chart the MACD histogram still remains in a negative zone and creates greenbacks signal on a purchase. The Stochastic oscillator reached border of an overbought zone and gives a similar signal, the %К line is higher than the %D line.

Forex News from New Forex: Technical analysis of USD/CHF
On Wednesday this currency pair is traded in different directions remaining within support levels at 1.0165 and resistance at 1.0285. The current rate is clamped between moving averages with the period of 20 and 55 which slowly grows and approaches. On the four-hour chart the MACD histogram is in a negative zone and directed up creating a signal on purchase of Swiss franc. The Stochastic oscillator approached an overbought zone of and creates a similar signal while the %К line is higher the %D line.

NewForex Analyst
Joseph Schwartz

Fundamental analysis from New Forex: The Asia-Pacific region
Tonight the press conference of the U.S. President Donald Trump will take place. It will be for the first time since elections and as it is expected it can turn the markets upside down. During the conference some strategic objectives in the relation to tax policy, trade and budgeted expenses will become clear. Today many participants of the markets are forced to reckon with protectionist sentiment in the American economy which can undermine world trade both in short and in the long term. In the region MSCI Index is traded near its November maxima with a surplus in 0.42% while Japanese shares grew up by 0.4%, and also traded at the pre-election levels of November. Speaking about Wall Street shares are traded with almost zero surplus as investors are afraid of opening line items on traditional assets in anticipation with important political news. In Australia and Canada the ASX and TSX indexes were closed with 1.9 and 2.4% of a surplus. The greenback suffered from the weakening profitability of the treasury bonds which spread out from 2.64% of its two-year maxima. The dollar is traded at the level of 116.10 against yen near a three-week minimum in 115.06 which it reached earlier on the 6th of January. The dollar index also departed from its early 14-year maximum in 103.82 which was reached the 3rd of January.

Fundamental analysis from New Forex: Europe
The stock indexes grow in Europe, with leading retail companies and also thanks to rally on precious metals and shares of mining companies. Nevertheless, the European growth is limited by the weakened financial sector particularly in such countries as Italy, Greece and well-developing European currency. The all-European Stoxx 600 index grew up by 0.1% while the British FTSE 100 updated its record maxima with a surplus of 0.5% to level of 7.28481 points. The French CAC 40 is at a zero mark while German DAX added 0.2%. Insurance and bank industry indexes dropped by 0.6 and 0.1% relatively with lowering in 0.7 at Commerzbank and for 2.4% at Deutsche Bank. In Lisbon Banco Commercial Portugues fell 11.3% to record-breaking low levels. Euro is traded at the level of 1.0543 against the greenback with a surplus in 0.1%. The American dollar spread out earlier because of hedge moods in the markets while the British pound caught a tendency for growth of traditional assets and fell to 2-1/2-month minima in 1.2107 from the level of 1.2166 against US dollar. The Swiss franc still cuts profit from hedgers, meanwhile receiving a boost from rally on precious metals. We relatively expect Trump’s press conference and new trade reference points later on today.

NewForex Analyst
Alex Vergunov