Market Brief November 17th: Building Permits from the U.S.

17 November, 2017 - 07:51AM

Today is the 5th business day of the week. Let’s make it worthwhile. There are three major high-impact events on the calendar. First one is from the EU.   European Union   EUR 08:30 a.m.GMT, ECB President Draghi Speaks – the head of the Central Bank has capability to move euro related markets via co

Market Brief November 16th: Philadelphia Fed Manufacturing Index

16 November, 2017 - 07:30AM

United Kingdom GBP, 09:30 a.m. GMT, Retail Sales (MoM) (Oct) – a leading indicator of consumer spending at the retail level. The indicator measures change in the value of inflation-adjusted sales. For the month of October, market analysts expect an increase at 0.1% compared to – 0.8%. If the actual

Market Brief November 15th: Markets await consumer data from the US

15 November, 2017 - 07:54AM

United Kingdom GBP, 09:30 a.m. GMT, Average Earnings Index – a leading indicator of consumer inflation it shows the change in the price businesses and the government pay for labor, including bonuses. Data represents the 3-month moving average compared to the same period a year earlier.  GBP, 09:30 a

Market Brief November 14th: Plenty of events on the Calendar

14 November, 2017 - 07:44AM

China CNY & AUD,02:00 a.m. GMT, Industrial Production (YoY) (Oct) –a major indicator for both the Chinese and Australian economies. Expectations for the change in total inflation-adjusted output produced by manufacturers, mines and utilities point to a decrease at 6.3% for October, this year co

Market Brief November 13th: Federal Budget Balance from the U.S.

13 November, 2017 - 07:18AM

United States USD Tentative, OPEC Monthly s – the report is crucial when it comes to developments in the market for the upcoming year. Issues that impact the commodity are discussed and we get a perspective on what could be expected in terms of global supply and demand of oil for the year ahead. The

Market Brief November 10th: U.K. Manufacturing Production

10 November, 2017 - 08:04AM

United Kingdom GBP 09:30 a.m. GMT, Industrial Production (MoM) (Sep) – expectations are for an increased activity at 0.3% for September versus 0.2% for the previous period. If production output has increased, this should be read as a bullish sign for the currency. on the other hand, if the level of

Market Brief November 9th: Initial Jobless Claims from the U.S.

09 November, 2017 - 07:43AM

Germany EUR, 07:00 a.m. GMT, German Trade Balance (Sep) –Trade Balance gives us a good idea about the difference between exported and imported goods for the month of September. If the reading is positive, this means that more goods were exported than imported. Projections for this month are for trad

Market Brief November 8th: Interest rate decision from New Zealand

08 November, 2017 - 07:48AM

United States USD, 15: 30 p.m. GMT, Crude Oil Inventories – if we see that inventories have increased, this means levels of supply would be higher, and price of the commodity could drop. On the other hand, if output has been cut, this could boost the price of the commodity. Expectations are for -2.8

Market Brief November 7th: Interest Rate Decision from Australia

07 November, 2017 - 07:48AM

Australia AUD, 03:30 a.m. GMT, RBA Interest Rate Decision– a major catalyst for action for the Australian dollar will be the interest rate decision in the early hours of the day. Analysts project no change and for the rate to remain at 1.50% for the month of November, same as for the previous period

Market Brief November 6th: Ivey PMI from Canada

06 November, 2017 - 07:27AM

Germany EUR 07:00 a.m. GMT, German Factory Orders (MoM) (Sep) – this leading indicator of production measures the change in the value of total orders placed by manufacturers for durable and non-durable goods. Expectations for the month of September point to a significant decrease in orders at -1.5%

Market Brief November 3rd: Focus of the day on Nonfarm Payrolls

03 November, 2017 - 07:36AM

Japan is off for the day celebrating a Culture Day and will join the rest of the exchanges on Monday. United Kingdom GBP 09:30 a.m. GMT, Services PMI (Oct) – a leading indicator of the overall economy, the Purchasing Managers’ Index measures activity level of managers in the Service Sector. A level

Market Brief November 2nd: Interest Rate Decision from Bank of England

02 November, 2017 - 07:34AM

Germany EUR 08:55 a.m. GMT, German Manufacturing PMI (Oct)- a leading indicator of overall economic performance, the index measures the level of activity of purchasing managers exclusively in the manufacturing sector. Projections for November show no change at 60.5, same as in October. If the news c

Market Brief November 1st: Markets focus on Interest rate decision from the U.S.

01 November, 2017 - 07:46AM

United Kingdom GBP 09:30 a.m. GMT, Manufacturing PMI (Oct) – the index measures the activity level of purchasing managers in the manufacturing sector. If the level is above 50, this signifies expansion, while a reading below 50 could signal contraction of the sector. Projections for October point to

Market Brief October 31st: Consumer Confidence from the U.S. to stir the dollar

31 October, 2017 - 07:34AM

Germany is off for the today due to Reformation Day and will join the markets on Wednesday. China CNY & AUD 01:00 p.m. GMT + 1 Manufacturing PMI (Oct) – manufacturing performance is expected to have decreased in October at 52.0 compared to 52.4 for the month of September. If the actual result is

Market Brief October 30th: German Retail Sales due

30 October, 2017 - 05:48AM

Japan JPY, 00:50 GMT + 1, Retail Sales (YoY) (Sep)- a curicial indicator of consumer spending measuring the change in the inflation-adjusted total value of sales at the retail level. Expectations on a year over year basis point to an increase at 2.5% for September compared to 1.7% the same time last

Market Brief October 27th: U.S. GDP for the third quarter

27 October, 2017 - 06:22AM

Australia 01:30 a.m. GMT +1, PPI (QoQ) (Q3) – a leading indicator of inflation from the perspective of the consumer. The Producer Price Index measures the change in the price of goods sold by manufacturers. Expectations for the third quarter show a decrease at 0.4% versus 0.5% from the previous quar

Market Brief October 26th: Interest Rate Decision from the EU

26 October, 2017 - 06:35AM

European Union EUR 12:45 p.m. GMT + 1, ECB Interest Rate Decision (Oct) – the highly expected number will cause a wild reaction for the euro against the dollar and cross pairs involving the currency. The event will be widely traded. A smart approach would be to position oneself after the noise and e

Market Brief October 25th: Action – packed day ahead

25 October, 2017 - 06:16AM

Germany EUR 09:00 a.m. GMT + 1, German Ifo Business Climate Index (Oct) –the index rates the current business conditions in Germany. This is a leading indicator looking 6 months ahead in time. Expectations are for performance to remain the same at 115.2, same as the reading that came out in Septembe

Market Brief October 11th: Monetary Policy Meeting

11 October, 2017 - 05:35AM

Today we have important news coming from the U.S. and both news events are worth the attention of traders. United States USD 15: 00 p.m. GMT +1, JOLTs Jobs Openings (Aug)- these positions are in the business sector and are open but not filled on the last business day of the month. The number is for

Market Brief October 12th: ECB Mario Draghi Speaks

12 October, 2017 - 06:33AM

On Thursday, we have three market movers that can boost price action movement across the board. Let’s check them out. United States USD 13:30 p.m. GMT + 1, PPI (MoM) (Sep) – the Producing Price Index is a leading indicator of consumer price inflation and has a significant impact on the valuation of

Market Brief October 13th: Retail Sales from the U.S.

13 October, 2017 - 06:44AM

United States USD, 13:30 p.m. GMT + 1, Core CPI (MoM) (Sep) –CPI stands for Consumer Price Index and measures the changes in the price of goods and services with the exception of food and energy. This is inflation measured from the perspective of the consumer. Expectations are for same performance d

Market Brief October 16th: CPI from New Zealand to impact the currency

16 October, 2017 - 06:09AM

Good morning Traders and happy Monday! This week starts with news from China, the second largest economy in the world after the U.S. Let’s go ahead and see what events are to move the markets today. China CNY, AUD 02:30 a.m. GMT + 1, CPI (MoM) (Sep)- the Consumer Price Index provides a measurement t

Market Brief October 17th: German ZEW Economic Sentiment to stir the euro

17 October, 2017 - 05:54AM

Today, the calendar is filled with high-impact news events. Four major economies will move the markets. Those are Australia, the United Kingdom, Germany and the United Kingdom. Australia AUD, 01:30 a.m. GMT + 1, RBA Meeting Minutes – the minutes contain detailed insights in relation to economic cond

Market Brief October 18th: Building Permits from the U.S.

18 October, 2017 - 06:32AM

The day starts with a speech from the president of the European Central Bank, Mario Draghi and then we have news coming in from the United Kingdom and the U.S. European Union EUR 09:10 a.m. GMT + 1, ECB President Draghi Speaks- speeches from the head of the Central Bank have a direct impact on the e

Market Brief October 19th: Retail Sales from the UK

19 October, 2017 - 06:50AM

Australia AUD 01:30 a.m. GMT + 1, Employment Change –an accurate measurement of the change in the number of people employed during the month of September. Also an important indicator of consumer spending. Projections are at 15.0K for September. If the actual reading is higher, this should be seen as

Market Brief October 20th: Consumer data from Canada

20 October, 2017 - 06:43AM

United Kingdom GBP 8:30 a.m. GMT, Public Sector Net Borrowing – Difference in value between spending and income for public corporations, the central government, and local governments during the previous month. A positive number indicates a budget deficit, a negative number indicates a surplus.   Can

Market Brief October 23th: Industrial Trends Orders from the U.K.

23 October, 2017 - 06:28AM

Good morning, Traders! It’s the first business day of the week. Let’s check the market catalysts on Monday. New Zealand – the entire day is a Holiday for the country, so New Zealand will be back on the markets on Tuesday. United Kingdom GBP 11:00 a.m. GMT + 1, CBI Industrial Trends Orders (Oct) – t

Market Brief October 24th: German Manufacturing PMI to move the euro

24 October, 2017 - 06:36AM

We have an important market catalyst today coming up from Germany- the most stable economy in the European Union and main driver of market volatility for the common Euro Zone currency. Germany EUR 08:30 a.m. GMT +1, German Manufacturing PMI (Oct) P- Manufacturing constitutes a large chunk of GDP for

Technical Analysis November 17th: Aussie dollar downtrend resuming?

17 November, 2017 - 07:51AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, price dropped slightly (only about 30 pips). In the second part of the day, price started to slowly but steadily recover. We had a very strong bullish price action on Tuesday with an impulsive candle of about 140 pips. The current price act

Technical Analysis November 16th: Euro Bulls are in charge

16 November, 2017 - 07:30AM

EURUSD, Daily timeframe Bias: Pair in Uptrend This week, the major pair gained nearly 200 pips up. This movement is in line with the established uptrend. Our strategy is to only initiate long trades from specific levels and only if specific conditions are met. The scenarios we’re monitoring are: Sc

Technical Analysis November 14th: Gold is clawing its way up

14 November, 2017 - 07:44AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, we saw a slightly bullish day with about 20 pips up from the major pair. It will be interesting to see what price does when it reaches the immediate resistance at 1.1700. There are plenty of events today (ZEW economic sentiment) to provide ca

Technical Analysis November 13th: Bullish week for the euro

13 November, 2017 - 07:15AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, we saw a second day of positive price action with the pair advancing about 30 pips. Traders will have a better idea if there is a stable price recovery to come by the levels in near sight and the way price reacts from them. Scenario 1: The pa

Technical Analysis November 10th: Euro advances along with Gold

10 November, 2017 - 08:03AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, the pair made a significant move up by advancing about 52 pips. We’re yet to see if the euro will break out the immediate resistance level at 1.1700. Scenario 1: The pair could respect the area at 1.1700 and pull back. We’ll know if this is

Technical Analysis November 9th: Gold prices increase

09 November, 2017 - 07:43AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, we say a meager advancement of 20 pips. The market continues to be choppy. Price would react to a strong market catalyst. For those, we always keep an eye on the Economic Calendar before the European Session has started. The scenarios on our

Technical Analysis November 8th: Euro slides down

08 November, 2017 - 07:48AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair slid below 1.1600. Currently, the pair is in retracement mode and we should be looking for levels that could offer spots to do business at. We’re monitoring the following scenarios: Scenario 1: Price could continue to drop toward the immediate

Technical Analysis November 7th: Impulsive bullish action for Gold and the pound

07 November, 2017 - 07:48AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, there wasn’t much activity from the major pair. However, there is something important happening. Price seems to be testing the 1.1600 but I pushes up from the area refusing to drop further. In the following scenarios, we’re looking at potenti

Technical Analysis November 6th: Breenback still holding gains

06 November, 2017 - 07:26AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, the pair halted at the 1.1600 area. This is an interesting place to be at. We would have to await price action and see whether the area will be respected. A respected area would be one where price moves away from in positive direction, in our

Technical Analysis November 3rd: Markets ready for NFP

03 November, 2017 - 07:35AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair is consolidating between the 1.1600 area and the resistance at 1.1700. Yesterday, there wasn’t much change price action with only 31 pips up. We’d be looking for levels to potentially go long from. Keep in mind that today we have the Nonfarm pa

Technical Analysis November 2nd: Opportunities increase with major catalysts due

02 November, 2017 - 07:34AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro continued to move in sideways manner on Tuesday, dropping a meager 21 pips. We need a strong price action candle to show if the temporary support at 1.1600 is to be respected or breached to the downside. We’re monitoring the following scenarios

Technical Analysis November 1st: Fed rate decision to shake the markets

01 November, 2017 - 07:46AM

EURUSD, Daily timeframe    Bias: Pair in Uptrend For the past couple of days the pair has been hesitant in its price action and direction. This is quite normal as the market is awaiting the news of significant events this week to create meaningful opportunities for trading. Investors and professiona

Technical Analysis October 31st: Markets await macro news

31 October, 2017 - 07:34AM

EURUSD, Daily timeframe Bias: Pair in Uptrend /retracing The euro gained about 25 pips on Monday. The movement is small and cannot be viewed as a rejection (considering the major weakness we saw last week). We have no technical reason to go long for the time being. We’re monitoring the following sc

Technical Analysis October 30th: Is dollar strength temporary?

30 October, 2017 - 05:38AM

EURUSD, Daily timeframe Bias: Pair in Uptrend /retracing The pair dropped a solid 160 pips for the week. Price is below the support at 1.1700. For the time being bias is short and shouldn’t argue with the market. The time hasn’t come for a long position. We need a signal from a concrete level in or

Technical Analysis October 27th: US Dollar advances ahead of GDP

27 October, 2017 - 06:22AM

EURUSD, Daily timeframe Bias: Pair in Uptrend /retracing After ECB’s decision for a major change in monetary policy, the euro dropped more than 120 pips. Effective since January, the ECB will start reducing quantitative easing in half, from €60bn-a-month to €30bn-a-month. The support at 1.1700 is n

Technical Analysis October 26th: The British Pound on recovery path

26 October, 2017 - 06:35AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Wednesday, was bullish for the euro with about 50 pips up. Today’s ECB decision on the interest rate will have a major impact in the long term. Reaction will likely be wild with potential moves to both sides. However, we’d be interested in specific leve

Technical Analysis October 25th: Markets ready to absorb today’s events

25 October, 2017 - 06:16AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Tuesday, we saw the pair advance 16 pips up. Today, there will be plenty of catalysts to generate price action across the board. There are specific levels to look out for. The direction of the trend could be captured if those levels are reached and p

Technical Analysis October 10th: Initial signs of recovery for some markets

10 October, 2017 - 05:40AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro is slowly trying to recover. Action seems hesitant so we’ll need a strong catalyst to break out the pair of this slumber mode that the pair is currently in. The three scenarios that we’re monitoring are: Scenario 1: A convincing recovery away f

Technical Analysis October 11th: More strength from majors and Gold

11 October, 2017 - 05:35AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair gained about 59 pips on Tuesday. Currently we’re witnessing a recovery from a short retracement. As you know retracements (aka corrections) are typical of trending markets. Those are also opportunities to enter from better prices (in this case

Technical Analysis October 12th: Markets are actively moving!

12 October, 2017 - 06:33AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro restores its strength against the dollar with a clear rejection of the 1.1700 area. Yesterday, we saw another bullish day with 52 pips up. The bull trend is intact and now price action confirms it. The scenarios we’re monitoring are: Scenario 1

Technical Analysis October 13th: Price of Gold appreciates

13 October, 2017 - 06:43AM

EURUSD, Daily timeframe Bias: Pair in Uptrend We saw the pair drop mildly on Thursday but mind you, this is not a bearish engulfment candle (i.e. the day doesn’t cover the bullish price action from Wednesday’s candle. We’re in an uptrend and looking to take trades in that direction. The following s

Technical Analysis October 16th: Stellar performance from Gold

16 October, 2017 - 06:08AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro respected the short-term resistance level at 1.1900 and pulled back from it on Friday. We’re yet to see if this is only a temporary weakness. We also have to be aware that at the end of the business week, price action reacts to traders closing

Technical Analysis October 17th: News coming up to boost volatility

17 October, 2017 - 05:54AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, the pair showed little change in price by attempting to close where the day opened. We’re pretty much awaiting a market catalyst for a fresh influx of volatility. We’re monitoring three scenarios: Scenario 1: If we see price breaking out from

Technical Analysis October 18th: Markets await news

18 October, 2017 - 06:32AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, the pair dropped about 40 pips and we’re currently in a retracing mode. Price is constricted between 1.1900 and 1.1700/1.1600 support area. So, what follows from now on? Scenario 1: In line with the uptrend, price could make a recovery from t

Technical Analysis October 19th: Gold about to erase previous week’s movement

19 October, 2017 - 06:50AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, we had a mildly bullish day with about 30 pips up. On the whole, price action in the euro dollar pair is chopped up. In order to have a valid setup to go with the trend, we need a directional move showing strength. Currently, we’re on stand

Technical Analysis October 23th: Where is the price of Gold headed?

23 October, 2017 - 06:28AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, the pair made yet another retest of the immediate resistance at 1.1900. Clearly, the euro is temporarily moving in a range between the support at 1.1700 and the above mentioned level. The uptrend is still in place but we have to be patient an

Technical Analysis October 24th: The pound is going up

24 October, 2017 - 06:36AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, the pair dropped about 30 pips and tried to test the immediate support at 1.1700. It is possible that price moves further down to breach the support area. Currently, price has formed a right shoulder and moving within a consolidating area. Th