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Technical Analysis HK50 : 11/04/2017 by IFC Markets   Chinese stocks lose value after meeting of two heads of state Chinese stocks retreated after the meeting of US president Donald Trump and China’s General Secretary Xi Jinping. Investors believe China will accept several economic requirements from US in order to avoid trade war. Will the Hong Kong stock index Hang Seng decline? The US are mainly displeased with the huge trade deficit with China of $347bn a year. In fact, the sum is the surplus of Chinese companies and its decline may weigh on their financial statements. China may facilitate…
Tuesday, 11 April 2017 09:02

Gold gives up gains, stays range bound for now

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Gold gives up gains, stays range bound for now Daily Forex Market Preview, 11/04/2017   The U.S. dollar lost ground yesterday amid a slow trading day with lack of any clear catalysts for the markets. The speech by Janet Yellen did not offer anything new for the markets as the Federal Reserve Chairwoman said that the Fed was committed to raising interest rates gradually. Looking ahead, the economic calendar will be focusing on the UK's monthly inflation figures. Following a strong rally in the inflation rate, economists surveyed are expecting to see a soft pull back from February highs. In…
EURUSD Technical Analysis 10.04.2017 by Grand Capital   The pair remains within the short term downtrend, which may continue if the price stays lower than 1.0600, despite being locally oversold. The US dollar receives support amid the rise in expectations that the Fed increases the interest rate in June. The price is lower than the lower Bollinger band, lower than SMA5 and SMA14. RSI resides in the oversold zone, same as Stoch.   Trading recommendations: Sell the pair on its fall lower than 1.0575 with probable targets of 1.0530 and 1.0500   Source: https://grandcapital.net  
Technical Analysis – Gold short-term bullish after posting five-month high Posted on April 10, 2017 at 7:25 am GMT by the XM Investment Research Desk   Gold is marginally up from the day’s open, while it posted a five-month high during the previous trading day (Friday). A positive short-term alignment has been in place since March 27 when the Tenkan-sen line (red) crossed above the Kijun-sen (blue). The RSI indicator adds to this signal, as it is currently at 60, comfortably exceeding its perceived neutral level which is at 50. Notice though that the Tenkan-sen line is flat at the…
Daily Morning Report 10-04-2017 by Traders Trust The dollar was at three-week highs against a basket of the other major currencies on Monday as investors remained focused on the Federal Reserve’s plans to tighten monetary policy, though geopolitical concerns tempered gains. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 101.14 after touching an overnight high of 101.22, the most since March 15. Demand for the greenback continued to be underpinned after New York Fed President William Dudley said on Friday that plans to trim the Fed’s balance sheet later this…
Monday, 10 April 2017 08:33

Weekly Market Research 10 April 2017

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Weekly Market Research 10 April 2017   Non-farm payroll lowest in 10 months The latest non-farm payroll fell below 100K, the lowest in 10 months. Will USD/JPY fall to 110.50 again? The highly anticipated meeting between the two most influential leaders in the world ended last week. President Trump and President Xi concluded the 2 days meeting on a positive note. “We have a thousand reasons to get China-US relations right, and not one reason to spoil the China-US relationship,” Xi told Trump. Trump described the relationship developed with Xi as “outstanding”. “I believe lots of very potentially bad problems…
USDJPY Technical Analysis 06.04.2017 by Grand Capital The pair is lower than 111.50. The market keeps following the publications of the data on the American economy, but the attention is mainly focused on the results of the trade negotiations between the US and China. The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level, but demonstrating weakening of the growth. Stoch are under overbought zone.   Trading recommendations: Rise in the inclanation to buy risk will support the pair, which will go higher than 111.50 and will lead to the…
Technical Analysis &SumOIL/GAS : 2017-04-06 by IFC Markets   Demand may change depending on the season In this review, we recommend studying the personal composite instrument (PCI) Oil against Gas. It reflects the dynamics of the portfolio from futures on oil of two brands- Brent and WTI against the futures on natural gas in the US. The PCI may increase if oil prices rise, and natural gas prices drop. The main idea of creating such PCI is the attempt to use the factor of seasonal change of demand. Theoretically, as summer approaches, the demand for natural gas for heating may…
Markets likely to stay flat ahead of payrolls data tomorrow Daily Forex Market Preview, 06/04/2017   The markets were trading mixed yesterday on busy economic data from the U.S. The ADP/Moody's private payrolls data showed a better than expected headline print of 263k compared to forecasts of 184k. The FOMC meeting minutes that was released yesterday focused more on the unwinding of the Fed's balance sheet, which in a way is seen as a rate hike itself due to its widespread market impact. The U.S. dollar closed mixed yesterday. Looking ahead, the economic calendar today is relatively light with no…
Thursday, 06 April 2017 06:55

Daily Commentary 06/04/2017 by HYCM

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Daily Commentary 06/04/2017 by HYCM EUR/USD A re-surge in market's confidence on the US economy, following the release of a much better-than-expected ADP survey, pushed the greenback higher across the board, although majors held within familiar ranges. The EUR/USD pair fell down to 1.0634 and closed the day a couple of pips above it, with the common currency weighed by slightly worse-than-expected Markit Services PMIs for the EU. Despite growth in the sector for the whole region was confirmed near six-year highs, initial estimates for March were revised lower, with the index printing 56.0, down from the flash reading of…
Forecast For The Day 06/04/2017 by PCM Brokers SymbolsFirst Good SellSecond Good SellThird Good SellTrend ChangeThird Good BuySecond Good BuyFirst Good Buy EURUSD 1.07427 1.07153 1.06885 1.06611 1.06343 1.06069 1.05801 GBPUSD 1.25868 1.25419 1.25116 1.24667 1.24364 1.23915 1.23612 USDJPY 112.168 111.807 111.250 110.889 110.332 109.971 109.414 USDCAD 1.35159 1.34774 1.34546 1.34161 1.33933 1.33548 1.33320 AUDUSD 0.76117 0.75990 0.75838 0.75711 0.75559 0.75432 0.75280 USDCHF 1.01450 1.01113 1.00785 1.00448 1.00120 0.99783 0.99455 NZDUSD 0.70273 0.70053 0.69829 0.69609 0.69385 0.69165 0.68941 GOLD 1274.21 1265.73 1260.62 1252.14 1247.03 1238.55 1233.44 SILVER 18.514 18.408 18.333 18.227 18.152 18.046 17.971 OIL 52.90 52.51 51.75 51.36 50.60…
Tuesday, 04 April 2017 10:27

Gold and yen turn bullish

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Gold and yen turn bullish Daily Forex Market Preview, 04/04/2017 Gold and the Japanese yen turned out to the top gainers yesterday as risk sentiment worsened, pushing investors in a flight to safety. The U.S. ISM manufacturing PMI was lower at 57.2 in March, following a print of 57.7 in February, while the construction spending expanded at a pace of 0.8% on the month in March. The Japanese yen closed the day with 0.42% gain as USDJPY settled at 110.89. Gold prices jumped 0.25% on the day, closing at $1253.23 after initially slipping to post a session low at $1244.44.…
Tuesday, 04 April 2017 09:39

Will non-farm payroll save the greenback?

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Will non-farm payroll save the greenback? USD/JPY has been heading south after the March rate hike. Will non-farm payroll push USD/JPY back above 112? Less hawkish Fed statement last month, diminishing hopes on Trump’s economy boosting policies and the recent possibility of penalising “currency manipulating nations” have set the greenback on a downward spiral. Investors are not getting any assurance the new fiscal policies will be approved. The FOMC meeting minutes will be released, if it is still lack of clarity on the next rate hike, USD/JPY may continue heading south. We would also expect the market to speculate on…
Markets look to a busy week for next rate hike expectations Daily Forex Market Preview, 03/04/2017 The U.S. dollar closed on Friday at a two-week high after data showed that the Fed's preferred gauge of inflation, the PCE price index rose 2.1% in February for the first time since March 2012. With a busy week ahead, traders will be looking to a wide rate of economic reports which has the potential to shape the interest rate expectations ahead. Starting the week, the BoJ's quarterly survey of Tankan manufacturing and the non-manufacturing index was mixed but showed a broad improvement from…
Facebook Technical Analysis 29/03/2017 by PaxForex    Facebook - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 200 points   Source: www.paxforex.com

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