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Topic: Daily Market Analysis from ForexMart  (Read 17096 times)

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Offline Andrea ForexMart

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Daily Market Analysis from ForexMart
« on: July 21, 2016, 06:41:28 am »
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  • Hi there!

    I am Andrea, a ForexMart official representative. Me and my colleagues will provide you the latest Forex analysis on this thread to help you increase your trading efficiency. Thank you!
    Andrea ForexMart, Official Representative
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    Offline Andrea ForexMart

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    Re: Daily Market Analysis from ForexMart
    « Reply #1 on: July 21, 2016, 07:40:23 am »
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  • Fundamental Analysis for USD/CAD: July 21, 2016

       The USD gained an increase versus the CAD after investors paid more attention to a possible hike in US interest rates rather than a recovery in oil prices. The USD/CAD pair went up by 0.0036 or +0.28% at 1.3060.

       On Tuesday, the USD/CAD sustained its support from traders after the release of a positive US housing starts data, causing a drastic change in the possibility of a Fed rate hike by at least 50%, after previous indicators showed only a 20% hike.

       The USD was previously backed up by healthy June data of US Non-Farm Payrolls and an unexpected upsurge in retail sales data. On the other hand, the CAD was previously supported by the Bank of Canada’s decision to maintain its interest rates while rallying for a stronger and more stable economic status.


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    AUD/USD Fundamental Analysis: July 22 2016
    « Reply #2 on: July 22, 2016, 06:01:12 am »
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  •    The AUD/USD pair shifted from greater rates down to a lesser flat rates earlier today. The Australian dollar is experiencing an adverse situation since its net position turned down against the USD. The AUD trading rate is 0.7476. In spite of the relentless decline of the Aussie dollar, the Reserve Bank of Australia will uphold the reduction of the percentage rates within two weeks, although the rate of the US dollar is surging.

       After an hour session last Wednesday, AUD/USD can be purchased at 0.7477 while the pair flattened again in the Asian trade. The New Zealand dollar also regressed with the AUD. The Reserve Bank of New Zealand released a statement about their reduction on the interest rates, with regards to the restoration of the economic performance that were issued after the session.

        The investors are expectant about the diversion of the United States' monetary policy after the US Federal Reserve increased in percentage rate and the RBA made an interest rate recession. While the Aussie dollar could possibly heightened their rate since it happened last May 2015.


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    Fundamental Analysis for EUR/GBP: July 22, 2016
    « Reply #3 on: July 22, 2016, 08:31:31 am »
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  •    The EUR/GBP pair finished off last session with a gain of 27 points after the British Pound fell and the Euro sustained its value after the ECB held fast to its policy and rates. Traders are now monitoring Draghi’s address regarding the Brexit vote and the bond buying program. The ECB has left stagnant interest rates in the European Union.

       However, the governing council has not taken any steps in spite of the uncertainties brought about by the Brexit referendum. The headline rates are still at zero and banks are still charged at 0.4% as penalty for leaving money inside the vaults of ECB. Retail sales on the other hand fell rapidly since December, with bad weather in the UK put to blame. Meanwhile the present currency volatility caused by the Brexit referendum and the recent attacks in Nice, France and Turkey continue to affect consumer confidence rates.


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    GBP/USD Technical Analysis: July 25, 2016
    « Reply #4 on: July 25, 2016, 08:42:39 am »
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  • The GBP/USD is observed to fall off throughout the week with an amount implied as a support near the 1.29 level. Eventually, the Brexit brought a negative concerns to the U.K economy. GBP/USD resulted a downtrend pressure on prices even when the sellers actively managed the progression of the price from 1.3300 to 1.3100. Other technical studies showed that the pair continued to move in a bearish position.

    The support can be seen at 1.3300 while the potential area of the resistance exists at 1.3100.

    The momentum indicator, MACD showed a decreased in the average of prices. The MACD histogram will indicate a growth in selling if it adopts a negative territory and if the MACD swings into the positive territory, it will give the investors a chance to have more control over the trades.

    In case that the price stock is directed below the level of 1.3100 as its support, it may remain to move on a downward trendline with a potential target at 1.2900.


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    Fundamental Analysis for EUR/GBP: July 27, 2016
    « Reply #5 on: July 27, 2016, 09:56:13 am »
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  •    The EUR/GBP pair went up by 47 points as the British pound reversed its gains after comments from the Bank of England made traders upset, as well as forecasts that the UK will most probably go into recession after the Brexit vote. According to the Chartered Institute of Procurement and Supply (CIPS), which issues monthly Purchasing Manager Index (PMI) surveys of the UK economy, a “Flash UK PMI” survey will soon be published which will reportedly follow the principles of Markit’s Flash PMIs for the Eurozone.

       Last week’s market activity already exhibited the effects of the Brexit vote on Britain’s declining economic status. An additional report from CIPS/Markit indicated that business activity in the region has been declining at a fast rate, its fastest since 2009. The Composite version of the survey which was released last Friday printed at 47.7, its lowest dip since April 2009.


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    NZD/USD Technical analysis: July 27 2016
    « Reply #6 on: July 27, 2016, 10:47:15 am »
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  •    Regardless of the news about the subsidence in the Trade Balance during the month of June, the NZ Dollar continued to increase at constant rate.

       The currency rate of the NZD/USD sharply moved upward and dropped toward the resistance level of 0.7050. A break beyond the level of resistance or support made the bullish sign to fade considerably. The pair steep down the lower level at 0.7050 while bearish investors take control of the gaining market. As shown in the 4-hour chart of the NZD/USD currency pair, the resistance level is seen at 0.7050, the support lies at 0.6950.

       The MACD is plotted along the centerline by which the histogram signals moves in the negative territory showing the strength of the seller but if the index swings to the positive territory, it only means that the buyers will keep control over the market. The momentum oscillator RSI is retraced to the area of the overbought condition in the market which may be observed as a sell signal.

       As shown in the 4-hour chart, the New Zealand dollar was able to break the 50,100 and 200 day EMA . Though the bid or ask quotes did not pursue any further as well as the 100-EMA declined the currency pair, the moving average price of the NZD/USD is sloping downward with a bearish MACD which crosses over from the 50, 100, and 200 EMAs.

       Trading analysts believes that the bearish market will continue to prevail in the market. Technically, the following stop price will be placed at 0.6980


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    GBP/USD Technical Analysis: July 28, 2016
    « Reply #7 on: July 28, 2016, 10:22:00 am »
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  •    The British Pound’s value decreased after Wednesday’s session in spite of the positive GDP data for the 2nd quarter of the year. But the sterling pound obtained support from the United States after the Fed’s decision to keep their rates unchanged.

       The GBP/USD pair remained neutral all throughout the session last Wednesday, with its trading instrument maintaining a support of 1.3100. Meanwhile, the resistance amounted to 1.3300. MACD’s indicator has dropped near the centerline, which signals a negative outcome for this particular indicator. A lack of movement from the histogram and its refusal to leave negative territories will mean a significant increase in the strength of buyers. However, if the MACD returns to its positive state then the buyers will ultimately have the ball, while the RSI remains ambiguous.

       A downward trend is also seen in the 50, 100, and 200-day EMAs, which eventually led to a bearish cross forming in the hourly charts. The instrument went over the said EMAs and went past the 1 hour chart.

       Ultimately, trends are looking bearish, with the GBP/USD pair in danger of falling below 1.3100. But this does not not eliminate the possibility of the said currency pair experiencing an increase of up to 1.3300.


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    USD/JPY Fundamental Analysis: July 28 2016
    « Reply #8 on: July 28, 2016, 11:16:28 am »
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  • Prime Minister Shinzo Abe is preparing to issue an economic stimulus package about the competitive sale of Japan's Fuji TV last Tuesday that reached around 27 trillion yen but Japanese Yen still declined against the U.S Dollar. The exchange rate of USD/JPY is 105.568, up 0.953 or +0.91%.

    The report from Kyodo News about the upcoming announcement of Abe made the US Dollar to gain more over Yen instead, and it approximately achieve $354 billion or 28 trillion yen.

    The stimulus plan of Abe is already prepared before the policy meeting of the Bank of Japan finishes on Friday. The BoJ will lend their support for the monetary policy stimulus.

    USD/JPY is expected to receive a support from the U.S Federal Reserve policy statement if they would release it at 1800 GMT because the Fed would not modify their interest rate in any moment. However, many investors are anticipating for a rate hike in Fed since there is a fifty percent possibility that the BoJ will have an increased on interest rate just before the December meeting take place.

    A Fed rate hike will probably occur this month when the U.S economic reports will suppose to have a stronger result than expected. The U.S Federal Reserve considers some improvement in the labor market, wage growth and inflation before establishing a rate hike before the year ends.

    An inflation hawk will allow the pair USD/JPY to make a progress but may recede if the Fed finishes a dove stances. In the rear of such issues and feedback, the main subject will be the resolution of BoJ on Friday.


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    Fundamental Analysis for EUR/GBP: July 29, 2016
    « Reply #9 on: July 29, 2016, 09:51:46 am »
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  •    The EUR/GBP pair increased by 62 points after the euro went up and the sterling pound declined during Thursday’s session. The currency pair is presently trading at 0.8425 points. The British pound still continued its decline even after a reported second-quarter increase in UK’s economic growth, whose increase was initially seen to be a positive sign for the currency pair.

       The UK economy went up by 0.6% during the second-quarter which was sealed by the controversial Brexit vote, a significant increase compared to the 0.4% during the first quarter of 2016. The British pound plummeted its lowest in two weeks after Bank of England policymaker Martin Weale said that PMI surveys would be of importance during BoE’s next policy meeting. He also added that in order for an interest rate cut to happen, there must be a concrete evidence of the UK economy losing its strength.

       In July, the Bank of England shocked the financial market when it refused to snip the benchmark for the borrowing cost from its all-time low of 0.5%. However, decision details from last week’s BoE meeting showed that most policymakers will be expected to endorse a yet unknown set of measures in order to help strengthen Britain’s economy.


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    Re: Daily Market Analysis from ForexMart
    « Reply #10 on: July 29, 2016, 10:28:04 am »
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  • AUD/USD Technical Analysis: July 29 2016

    The U.S Federal reserve remained their decision in keeping the rates constant but the dollar still falls below. The financial market is uncertain if the Fed will made some changes in U.S bank rates for the month of September.

    The financial instrument stays well below from its daily high at 0.7550.The currency pair test the level 0.7500 and indicated a bearish side. The resistance level lies at 0.7600 while the support can be seen at 0.7500.

    RSI occurred in the overbought market which implies a sell signal whereas the MACD depreciated by which resulted the position of the buyers to weaken.

    The exponential moving average of the pair is directed to 50 and 100 day in the hourly chart. It also presented 50, 100 and 200 which are neutral moving averages.

    In case that the price of the pair breaks beyond the resistance level of 0.7500 and bounds lower down the trendline is expected to continue. The next target of the investor is the support level at 0.7400.


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    AUD/USD Technical Analysis: August 1, 2016
    « Reply #11 on: August 01, 2016, 09:40:26 am »
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  •    The AUD/USD pair went significantly higher last Friday after the disappointment caused by the stimulus measurements of the Bank of Japan and the weak US GDP report. This increase was further augmented by the inflation data of the Australian market and the neutrality of the Federal Reserve monetary policy statement.

       This coming Tuesday, investors are anticipating the rate statement of the Australian Reserve Bank, where a lot of investors believe that the central bank will decrease its benchmark interest rate 25-basis points from 1.75% to possibly up to 1.50%. The main trend went down after the Federal Reserve’s statement caused a volatile reaction. However, should there be a trade at .7675, the main trend may change according to the daily swing chart.

       Friday’s close indicated a strong buying, after the testing of the retracement zone of .7490 to .7571 which has been tested all throughout the month of July, with its major range at .7834 to .7145. The retracement zone is now in control of the market’s long-term direction.


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    EUR/USD Technical Analysis: August 1, 2016
    « Reply #12 on: August 01, 2016, 10:06:42 am »
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  • The price of EUR progressed towards the US Dollar subsequently when the GDP data of Eurozone eventuate. The statement of Fed with regard to inflation hawk resulted a possible rate hike for the U.S. dollar.

    The EUR/USD pair transcend an upward trend on Friday. The financial instrument directed its highest possible rating approximately in the 1.1200 level. The resistance is set at 1.1200 level whereas the support lies in the 1.1130 level.

    The ball bounces in a bull position as attested by the market indicators, the MACD moves within the positive zone which marked an increase in the histogram and registered the strength of the buyers. While the RSI entered the overbought territory.

    The 4-hour chart identified the prices of the currency pair that stalled beyond the 200-EMA approaching to a higher probability of the 1.1200 region. The expected target will be in the levels of 1.1130 and 1.1200 due to the viable price return in the forex market.


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    Fundamental Analysis for EUR/GBP: August 3, 2016
    « Reply #13 on: August 03, 2016, 05:45:14 am »
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  •    The EUR/GBP pair traded at 0.8462 points prior to the Bank of England meeting this coming Thursday. Certain factors may weigh in on the value of the said currency pair, such as the Bank of England’s prospective move to cut its base rates below the US rates, which can add to its passive quantitative easing. However, some major banks are speculating that the dollar might be prone to a squeeze following the release of data on Friday.

       The EUR has surprisingly done well in spite of the controversy brought about by the Brexit vote three weeks ago. It traded slightly lower than the dollar but is still higher compared to its value last February and has traded higher against the pound, its highest since three years ago. But the IMF has already stressed that Brexit is somewhat more damaging to the EU economy than it is for Great Britain, and the  latest ZEW survey has shown reports of confidence going down, with economic sentiment indicators decreasing to its lowest levels since Germany’s financial crisis last 2012.

       Some economists believe that this data means that investors are more concerned with Brexit’s effects on the German economy than the financial market’s response to Brexit.



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    USD/JPY Technical analysis: August 3 2016
    « Reply #14 on: August 03, 2016, 10:19:31 am »
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  • The Japanese Yen viewed to increased at its 3-week high after the Prime Minister of Japan officially announced about the stimulus package to reinforce the Japan's economy.

    The price movements of the pair in the intraday chart seems bearish since USD/JPY go through a downward pressure for the past week. The pair continued to mark down at 100.64 level. The current resistance comes in 101.40 while the level of support can be seen at 100.40

    The momentum indicators, RSI and MACD is observed to create sell signals for traders. RSI moved into the oversold condition, at the same time the MACD indicated strength in the seller's position due to its downward movement.

    Presented in the 4-hour chart is the price movement of the instrument that are approximately in the downward trendline that tapped out the 50,100 and 200 Day EMAs.

    Trader's next potential target exists at 100.40 and speculated a short-term bullish call close to 101.40.
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