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Daily Market Analysis by FxGrow

on Mon Sep 21, 2015 7:04 am
Dear Forum Members!

Here you can find Daily Market Analysis  of Currencies, Indexes, Metals, Oil and others.

We hope that this information will be helpful for your trading.

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Re: Daily Market Analysis by FxGrow

on Mon Sep 21, 2015 7:05 am
Daily Market Analysis – 21st Sept, 2015
By FxGrow Research & Analysis Team

Greek Elections - Alexis Tsipras secures clear victory



Alexis Tsipras’s has secured a clear victory in Sunday’s Greek general election, with more than 90 percent of the votes counted.

Syriza party got 35.5 per cent of the vote, giving it 145 seats in the 300 member parliament, well ahead of the conservative New Democracy party which is on 75 seats.

This is the third time Greeks have voted this year after the January elections which saw Alexis Tsipras coming to power, a referendum in July which was to reject the reform proposals of its European creditors and this time.

Turnout in this poll was just over 55%, down from 63% in January and low by Greek standards.

"This result does not belong to Syriza. This result belongs to the working classes of this country, the people who fight for a better tomorrow, who dream of a better tomorrow and this is something that we will achieve through a lot of hard work" - Alexis Tsipras.

"The mandate that the Greek people have given is a crystal clear mandate to get rid of the regime of corruption and vested issues. We will show how effective we will be. We will make Greece a stronger place for the weak and vulnerable, a fairer place" - Alexis Tsipras.

Eurozone officials have welcomed the re-election of Mr. Tsipras as the PM of the country after he secured third bail-out deal for Greece in five years.

"Now a solid government ready to deliver is needed quickly" - President of the European parliament, German Martin Schulz.

"From Monday, we are ready to collaborate to implement the programme to reform the Greek economy" - Italy's La Stampa.

"Given how challenging the bail-out agenda is between now and year-end, a return of the previous coalition isn't great news" - Mujtaba Rahman, head of Europe practice at the Eurasia Group.

US Dollar has staged a strong recovery post FOMC after Fed decided to keep its interest rates unchanged. Fed showed increasing concerns over the negative impacts of the recent global financial market volatility, as well as rapid slowdown in China and other emerging markets, on growth and inflation outlook.

EURUSD is trading at 1.1310 in the early Asian trading session while USDCHF is stable at 0.9683

Asian Stocks have dropped on Monday as a ripple effect of the Fed's decisions to hold its interest rates. Investors are worried about the strength of the Chinese economy.

Hong Kong's Hang Seng index dropped 1.39% to 21,638.22 points shortly after the opening bell, while mainland China's benchmark Shanghai Composite fell 0.64% to 3,077.97 points.

The Australian S&P/ASX 200 index dropped 2.44% to 5,044.40 points in Sydney, with almost all 200 stocks on the index trading lower for the day.

Crude oil is trading lower at $45.03 amid ongoing concerns over sluggish global growth.

Gold is trading higher in the Europe at 1137.24, while Silver is stable at 15.11

21st Sept 2015 – 03:53hrs GMT

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Tue Sep 22, 2015 12:57 pm
Daily Market Analysis – 22nd Sept, 2015
By FxGrow Research & Analysis Team

Chinese economy weaker, but far from collapse



In China economy is not as weak as it looks according to a survey done by a New York research group. In a report published by the CBB International in the aftermath of the Stock market plunge in China and its currency devaluation Capital expenditure has rebounded and services sector is showing signs of growth.

"Perceptions of China may be more thoroughly divorced from facts on the ground than at any time in our nearly five years of surveying the economy” - CBB President Leland Miller.

“Global sentiment on China has veered sharply bearish — too bearish. While we have long cautioned clients against relying on rosy official views of the Chinese economy, we believe sentiment has swung substantially too far in the opposite direction” - CBB President Leland Miller.

"The best situation for most economies is stable and low inflation. China appears to be enjoying exactly that, notwithstanding the widespread fear of deflation” - CBB International.

Asian shares rose on Tuesday and the dollar held steady as U.S. markets bounced back and the European Central Bank said it was prepared to ease monetary policy further - Reuters.

European markets are seen steady, with financial spread betters expecting Britain's FTSE 100 (FTSE) and France's CAC 40 (FCHI) to open flat and Germany's DAX (GDAXI) to start the day up 0.1 percent - Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) was up 0.4 percent at 0039 EDT. Australia (AXJO) advanced 0.3 percent and South Korea (KS11) almost 1 percent, but most Southeast Asian markets retreated. Japanese markets are shut through Wednesday - Reuters.

In Switzerland’s trade balance fell to 2.869B, from 3.579B in the preceding month according to a report released by the Federal Statistical Office.

Global investors are awaiting Septembers Manufacturing PMI data from China and Europe today as markets in Japan are closed for the next three days.

European Central Bank and Bank of Japan dovish bias is expected to provide support to the markets. If ECB will extend its QE program beyond September 2016 EUR will come under pressure and slip below 1.1000

Crude oil is trading higher at $46.01 as investors are waiting for the weekly stockpiles report.

Gold is trading higher in the Europe at 1135.02, while Silver is up at 15.22

22nd Sept 2015 – 07:34hrs GMT

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Tue Sep 22, 2015 1:16 pm
GrowBinary - Market Analysis and News - 22nd Sept, 2015
By GrowBinary Research & Analysis Team

EUR/AUD breaks below decent support level



The pair have broke the key support level at 1.5670 which hold price for last few days. Our direction indicator is now aligning with the broken level and we can assume that it is now a resistance level where offers are piling up.

We recommend PUT options between 1.5650 - 1.5670. Also Pivot Point 1.5720/30 should provide good resistance for the day or two. We expect that the pair will eventually break Pivot S1 today and march lower towards 1.5500.


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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Re: Daily Market Analysis by FxGrow

on Wed Sep 23, 2015 11:35 am
Daily Market Analysis – 23rd Sept, 2015
By FxGrow Research & Analysis Team

China manufacturing PMI falls to lowest in more than 6 years



Activity in China's manufacturing sector unexpectedly shrank to a 6½-year low in September, indicating a sharper slowdown in the world's second-largest economy that could spell more turmoil for financial markets.

The preliminary Markit China Manufacturing Purchasing Managers' Index (PMI) fell to 47.0 in September, the worst since March 2009 and below market expectations of 47.5 and August's final 47.3. Levels below 50 signify a contraction.

Global investors and policymakers are on edge over China after the U.S. central bank last week held off from raising interest rates, saying it was unsure if international problems and China's slowdown in particular, will hurt the U.S. recovery - Reuters.

"The weaker-than-expected PMI suggested domestic and external demand remained sluggish. It's almost certain China's economic growth will slide below 7 percent in the second half of this year" - Minsheng Securities.

"The principle reason for the weakening of manufacturing is tied to previous changes in factors related to external demand and prices" - Chief economist at Caixin Insight Group.

"Fiscal expenditures surged in August, pointing to stronger government efforts on the fiscal policy front. Patience may be needed for policies designed to promote stabilization to demonstrate their effectiveness" - Chief economist at Caixin Insight Group.

The Asian Development Bank has cut its estimate for China's growth to 6.8 percent for 2015. It expects the growth rate of the world's second largest economy will fall to 6.7 percent in 2016.

Mario Draghi, European Central Bank President, will speak on monetary policy before the European Parliament’s Economic and Monetary Committee providing insight into whether the central bank is contemplating expanding its bond buying and if so, when.

The Eurozone continues to experience extremely low levels of inflation and unemployment is very high.

The UK manufacturing sector growth stalled for the first time in more than two years, with a stronger Pound and weak exports weighing on the sector's margins and volumes.

The trade surplus in Switzerland contracted in August, as the strength of the Swiss Franc hit demand in the European Union and China.

Crude oil is trading higher at $46.80 as market survey points to fall of crude oil stocks.

Gold is trading lower in the Europe at 1127.06, while Silver is up at 14.79

23rd Sept 2015 – 09:00hrs GMT

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Tue Sep 29, 2015 9:35 am
Daily Market Analysis – 29th Sept, 2015
By FxGrow Research & Analysis Team

Stocks fall on weak Chinese data



In China Industrial profits dropped 8.8% last month, showing the world’s biggest consumer of commodities is struggling with excess capacity, sluggish investment and weaker manufacturing, according to data released by China’s National Bureau of Statistics.

Following the weak Chinese data Major Stock indexes ended in loss yesterday. The S&P 500 and NASDAQ finished modestly in the red and strong gains for Nike (NKE) keeping the Dow Jones in the black.

Euro climbed up against the US Dollar and is presently trading at 1.1277 in the European trading session today.

In China a combination of lower sales, higher costs and weak prices as a result of soft demand has been weighing on the manufacturing sector’s earnings power. The pressure is particularly notable in the mining sector, offsetting modest gains elsewhere. China and the Fed have been the market’s primary pre-occupations lately, and this report adds to those worries.

The Australian dollar has fallen after weak Chinese industrial data added to evidence that the Chinese economy is slowing down. AUDUSD is trading at 0.6949 in the European trading session.

European stocks also declined on Monday as more disappointing Chinese data and downbeat analyst comment weighed on the stocks.

London's benchmark FTSE 100 index ended the day down 2.46 per cent to 5,958.86 points compared with Friday's close. In the Eurozone, Frankfurt's DAX 30 finished 2.12 per cent lower at 9,483.55 points and the Paris CAC 40 plunged 2.76 per cent to 4,357.05.

"Both the Australian and Canadian dollars fell sharply today as profits fell by the largest amount in four years. Earnings in the resource sector have been hit particularly hard and this put additional pressure on commodity prices. There are major economic headwinds in China and this will limit growth in countries that rely on Chinese demand" - BK Asset Management.

In the US, New York Fed President William Dudley noted that the Fed is still on track to increase interest rates in this year. He, however, stressed that the decision would be depend on the health of US economy and financial conditions, as well as global economic development.

In an interview with Wall Street Journal, Dudley suggested that "if the economy continues on the same trajectory it’s on…and everything else suggests that’s likely to continue…then there is a pretty strong case for lifting off".

"I am starting to see signs of imbalances emerge in the form of high asset prices, especially in real estate, and that trips the alert system. Given the progress we've made and continue to make on our goals, I view the next appropriate step as gradually raising interest rates, most likely starting sometime later this year" - San Francisco Fed President John Williams.

Crude oil is trading lower at $44.43 ahead of the estimates of U.S. crude stockpiles report.

Gold is trading lower in the Europe at 1127.87, while Silver is weak at 14.54

29th Sept 2015 – 06:42hrs GMT

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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Mon Feb 01, 2016 1:06 pm
FxGrow Daily Technical Analysis – 01st Feb , 2016
By FxGrow Research & Analysis Team

CADJPY - V bottom pattern

Since the beginning of January CADJPY declined until January 20 when PIN BAR candle with a very long shadow occurred just above support at 78.90 (support from 2012). It was a first signal that rebound may occur. It happened thanks to information from BoJ about further easing action. Due to this rebound we saw a dynamic upward movement and at the chart you can see rare V bottom pattern.

Despite of latest upward move it has to be noted that in a long term price moved in a downtrend and current upward movement didn't reach even Fibonacci 61,8% of previous almost 2-months falls. Currently it is likely that CADJPY will test area 89.10 and at that level some kind of correction should occur. Long term sentiment may change for an uptrend one when price will move back and stay above 89.10 level and next resistance at 92.90 will be break above.

Time-frame D1:


To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Mon Apr 18, 2016 10:21 am
FxGrow Daily Technical Analysis – 18th April, 2016
By FxGrow Research & Analysis Team

The EURUSD is treading water ahead of Draghi’s conference

The EURUSD was trading a leg lower as equity markets rallied awaiting Draghi’s conference this week. Although inflation is weak, the European Central Bank (ECB) is expected not to ease this month and to keep rates unchanged thus giving the EURUSD a possibility of another rally as it breaks 1.1330 to reach 1.1365 and 1.1398 respectively.

However, a push below 1.1250 is needed for the EURUSD to extend its bearish move toward next support levels 1.1220 and 1.1190.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Mon Apr 18, 2016 11:02 am
FxGrow Daily Technical Analysis – 18th April, 2016
By FxGrow Research & Analysis Team

The AUDUSD erased gains despite better than expected Chinese GDP data

The AUDUSD surged higher and tests near the major resistance level 0.7740 as China’s GDP meets forecast. The AUDUSD needs a candle above 0.7745 to regain its momentum and to open an uptrend toward 0.7770 and 0.7820 respectively.  

Alternatively, the AUDUSD turns downward and trades lower as the RSI warned that the Aussie run might have come to an end and Michigan survey on Friday supported the downturn movement. Breaking the support point 0.7630 will push the AUDUSD lower near next support levels 0.7605 and 0.7585.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Tue Apr 19, 2016 11:07 am
FxGrow Daily Technical Analysis – 19th April, 2016
By FxGrow Research & Analysis Team

The EURUSD playing above 1.1300 ahead of ECB meeting on Thursday

The economic recovery in the Euro zone and the higher surge in oil prices pushed the EURUSD higher at 1.1345. Market volatility rise as Fed policymaker claimed to stay more cautious about interest rate hike this year after showing that US economic conditions are favorable awaiting further data to be released, thus putting pressure on the US dollar. Breaking the first resistance point 1.1345 will extend gains to 1.1370 and 1.1405 as next resistance levels.

However, Dovish ECB comments will affect the EURUSD negatively and a push below 1.1275 is needed to trigger a bearish move toward 1.1245, 1.1220 and 1.1190 respectively.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Wed Apr 20, 2016 12:05 pm
FxGrow Daily Technical Analysis – 20th April, 2016
By FxGrow Research & Analysis Team

The AUDUSD hits new high of the year

The AUDUSD increased to its highest level this year reaching 0.7826. Chinese data and firmer US Dollars supported the Aussie rally and finally the Australian dollar reached the key resistance level 0.7815. Trading above 0.7760 will open the door for the AUDUSD to expand its bullish momentum touching near-term resistance levels 0.7840 and 0.7890.

However, the AUDUSD uptrend might have come to an end as the sentiment and the RSI warns that the Aussie rally has completed and cutting 0.7745 would confirm a bearish signal near 0.7715 and 0.7680 respectively.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Wed Apr 20, 2016 12:36 pm
FxGrow Daily Technical Analysis – 20th April, 2016
By FxGrow Research & Analysis Team

The EURUSD downtrend may be resuming

The EURUSD is recovering after it fell to 1.1234 its lowest level in two weeks. Sluggish US Dollars and better than expected German Zew data created bullish signals for the euro and a push through the 1.1400 and 1.1500 zone is needed to clear the chance of a bearish trend. Breaking 1.1400 will trigger an uptrend to reach 1.1435, 1.1455 and 1.1475 as near-term resistance points.
 
Alternatively, failing to cut 1.1400 would indicate a bearish movement and trading below 1.1315 would extinguish the weakness of the EURUSD to target 1.1280, 1.1265 and the 23.6% Fibonacci retracement 1.1240.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Thu Apr 21, 2016 12:49 pm
FxGrow Daily Technical Analysis – 21st April, 2016
By FxGrow Research & Analysis Team

GBPUSD might face a strong downtrend ahead of retail sales

The GBPUSD rally might have come to an end on expectations of weak retail sales and that the Bank of England (BOE) is going to adapt a dovish outlook for monetary policy. The GBPUSD breaks the strong resistance level 1.1400 but then decreased failing to expand its way higher and cutting 1.4300 will trigger a downward movement to reach near-term support levels 1.4270 and 1.4225. 

However, the GBPUSD needs a push above 1.4382 to terminate the bearish sentiment and therefore the pair have confluence of resistance levels near 1.4440, 1.4480 and 1.4520.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Thu Apr 21, 2016 1:21 pm
FxGrow Daily Technical Analysis – 21st April, 2016
By FxGrow Research & Analysis Team

The EURUSD is under pressure ahead of ECB meeting

The EURUSD failed to cut 1.1390 giving signs of a bearish movement especially after Draghi’s press conference as he announced to deliver easing rather than further cuts in interest rates. Speculations of more easing and breaking the major support point 1.1285 will extend the bearish trend near next support points 1.1245, 1.1215 and 1.1190.

However, the EURUSD topside targets are still on the way as Draghi keeps the door open to further support the monetary union and a close near 1.1360 is needed to create a bullish move toward 1.1380, 1.1420 and 1.1460 respectively.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Fri Apr 22, 2016 10:03 am
FxGrow Daily Technical Analysis – 22nd April, 2016
By FxGrow Research & Analysis Team

The EURUSD struggled after ECB meeting

The EURUSD failed to cut the key resistance level 1.1400 as the ECB kept rates unchanged. Draghi’s comments put the euro under pressure below 1.1300 after claiming that the ECB policy of printing money and keeping borrowing cost at lower levels was working, thus increasing speculations that the ECB is ready for further easing in the coming months. Breaking 1.1255 will open the door for a downward trend toward 1.1235, 1.1190 and 1.1170.

However, the EURUSD needs a push above 1.1370 to trigger an upward move toward 1.1405 and 1.1450 respectively.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Mon Apr 25, 2016 11:09 am
FxGrow Daily Technical Analysis – 25th April, 2016
By FxGrow Research & Analysis Team

GBPUSD bottom might have found an end

The GBPUSD scaled a 5 week high at 1.4475 after US president Barack Obama visit to UK urging Britons to stay in the European Union. The GBPUSD was also supported by policy makers who disagree with UK exiting the Euro zone. Breaking 1.4485 give signs that the downside trend obviously comes to an end and the pair will continue sliding higher toward strong resistance levels 1.4525 and 1.4565.
 
However, the GBPUSD needs a push below the pivot point 1.4385 in order to continue its bearish sentiment reaching next support levels 1.4345 and 1.4325 respectively.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Mon Apr 25, 2016 11:55 am
FxGrow Daily Technical Analysis – 25th April, 2016
By FxGrow Research & Analysis Team

The reaction to the EURUSD is to be limited ahead of monetary policy bets

The Euro  was flat against the dollar after it touched a 4 week low at 1.1215 as Draghi claimed that rates are likely to remain at current levels (near lows). The EURUSD is anticipated for more declines as central bank policies prompt inflation protection and breaking 1.1200 will continue shrinking toward near term support levels 1.1185 and 1.1155.

However, the 1.1400 zone is still in place as the EURUSD cuts 1.1285 thus breaking out and triggering an upward move toward 1.1355 and 1.1385 respectively.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Tue Apr 26, 2016 10:39 am
FxGrow Daily Technical Analysis – 26th April, 2016
By FxGrow Research & Analysis Team

The GBPUSD breaks an inverse head and shoulder

The GBPUSD finally broke the inverse head and shoulder yesterday and rallied above the 100 days moving average touching the strong the strong resistance level 1.4520. Monday’s gap gives the GBPUSD a bullish signal ahead of the FOMC meeting minutes and UK GDP, and breaking 1.4525 will push the GBPUSD higher toward next resistance levels 1.4545 and 1.4565 respectively.

Alternatively, hawkish statements from Fed and week UK GDP will force the pound backward and cutting 1.4465 provides a declining wave toward 1.440 and 1.4410.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Tue Apr 26, 2016 11:05 am
FxGrow Daily Technical Analysis – 26th April, 2016
By FxGrow Research & Analysis Team

The USDJPY is struggling ahead of BOJ meeting

The Japanese Yen rose again amid speculations that the bank of Japan (BOJ) may expand stimulus at policy meeting on Thursday. The USDJPY touches 2 weeks high at 1.1188 before opening a leg lower this morning and remains in the bearish formation ahead of both BOJ meeting and Japan’s CPI data. Breaking 1.1030 might continue its downtrend movement toward 109.80 and 109.40.

However, bearish RSI is still strong for the USDJPY and thus the pair might continue to advance awaiting further data and breaking 1.1160 might ends the bearish signal and continue increasing to reach next resistance points 112.10 and 112.50.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Re: Daily Market Analysis by FxGrow

on Wed Apr 27, 2016 12:38 pm
FxGrow Daily Technical Analysis – 27th April, 2016
By FxGrow Research & Analysis Team

The Aussie tumbled on soft CPI data

The AUDUSD fell sharply near 0.7605 after disappointing inflation data. This drop in Australia’s consumer prices raises speculations that the reserve bank of Australia (RBA) may cut rates or at least keep their easing program in play thus putting more pressure on the Aussie. Breaking the long-term support 0.7595 creates a bearish signal toward 0.7555 and 0.7525 respectively.

However, the RBA statement and rate cut decision could support the Australian Dollar and the AUDUSD could rally again after breaking 0.7775 thus touching next resistance levels 0.7805 and 0.7835.



To read this Full in depth Analysis please visit FxGrow.


Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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Broj poruka : 489
Points : 1208
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Market Analysis by FxGrow

on Wed Apr 27, 2016 1:16 pm
FxGrow Daily Technical Analysis – 27th April, 2016
By FxGrow Research & Analysis Team

The EURUSD may have found an end to its downward movement

The EURUSD  is recovering after 1.1216 lows breaking the minor support 1.1298 giving signs that the Euro is pressing back to 1.1400- 1.1500 zone. A push near the 14.6% Fibonacci Expansion 1.1355 may lead to a corrective wave and continue increasing to reach 1.1385 and 1.1410.

However, the EURUSD will remain under pressure ahead of FOMC statement on expectations that the Fed will keep the door open for rate hike in June and cutting 1.1280 provide a lower leg again toward 1.1255, 1.1230 and 1.1215 respectively.



To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








avatar
Broj poruka : 489
Points : 1208
Date of Entry : 2015-08-18
Godina : 36
View user profilehttp://bit.ly/2mi2Tih

Re: Daily Market Analysis by FxGrow

on Thu Apr 28, 2016 1:04 pm
FxGrow Daily Technical Analysis – 28th April, 2016
By FxGrow Research & Analysis Team

The Yen strengthened as BOJ maintains policy balance rate

The Japanese Yen surged higher as the Bank of Japan (BOJ) left monetary policy unchanged. The BOJ was away from further easing and forecasted that the CPI will hit the 2% target in 2017 boosting the Yen. The USDJPY is in a downturn territory and breaking the support level 107.90 tends to create a strong downtrend toward 107.60, 107.30 and 106.90. 
 
However, the USDJPY needs a push near 109.80 again to clear the downward movement and to reach 110.40 and 110.80 respectively.



To read this Full in depth Analysis please visit FxGrow.


Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








avatar
Broj poruka : 489
Points : 1208
Date of Entry : 2015-08-18
Godina : 36
View user profilehttp://bit.ly/2mi2Tih

Re: Daily Market Analysis by FxGrow

on Thu Apr 28, 2016 1:34 pm
FxGrow Daily Technical Analysis – 28th April, 2016
By FxGrow Research & Analysis Team

The EURUSD may recover ahead of US GDP figures

The EURUSD  is playing a sideway congestion in the last 2 days staying in a range between 1.1255 and 1.1355 as Draghi argued that more time is needed to assess the impact of a large stimulus expansion before considering further easing. But the EURUSD started increasing after Fed statement yesterday showing a slower economic growth in the US and staying cautious regarding rate hike. Breaking 1.1370 will keep moving higher toward 1.1410 and 1.1450.

However, the EURUSD might fail a bullish breakout awaiting US GDP figures today, and breaking 1.1275 may continue its downward wave toward next support points 1.1235 and 1.1190.



To read this Full in depth Analysis please visit FxGrow.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








avatar
Broj poruka : 489
Points : 1208
Date of Entry : 2015-08-18
Godina : 36
View user profilehttp://bit.ly/2mi2Tih

Re: Daily Market Analysis by FxGrow

on Fri Apr 29, 2016 12:29 pm
FxGrow Daily Technical Analysis – 29th April, 2016
By FxGrow Research & Analysis Team

The EURUSD rallied as US GDP worsen

The EURUSD surged higher and crosses the 1.1400 zone on slowing US growth to reach 1.1415. The Dollar index drops more as weak US GDP data eased the Fed rate hike decision and as the BOJ kept monetary stimulus unchanged. The EURUSD will gain momentum if it breaks 1.1435 and thus continue rallying toward 1.1460 and 1.1480 respectively.

However, struggling to reach inflation target and slower Euro zone GDP might embark the ECB to expand easing program and therefore pushing the Euro lower back to support levels 1.1335, 1.1295 and 1.1275.




To read this Full in depth Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








avatar
Broj poruka : 489
Points : 1208
Date of Entry : 2015-08-18
Godina : 36
View user profilehttp://bit.ly/2mi2Tih

Re: Daily Market Analysis by FxGrow

on Mon May 02, 2016 10:35 am
FxGrow Daily Technical Analysis – 02nd May, 2016
By FxGrow Research & Analysis Team

The EURUSD along new target zones on disappointing US data

The EURUSD breaks the 1.1400 zone and is pushing a leg higher toward 1.1500 zone after stronger than expected Euro GDP data. Although inflation comes below expectations on Friday, the EURUSD continue rallying and is eying new targets as it breaks 1.1495 to reach near-term resistance levels 1.1535 and 1.1565.

However, increasing QE program is still on the way thus putting the Euro under pressure and cutting 1.1415 might show a reversal pattern toward 1.1370 and 1.1350 respectively.



To read this Full in depth Analysis please visit FxGrow.


Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.








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