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GBP/USD was at 1.3146 by 05:21 AM ET (09:22 AM GMT), down from around 1.3162 earlier.
The Office of National Statistics said the economy grew 0.7% in the three months to August, picking up from the 0.6% expansion seen in the three months to July.
The report noted that wholesale and retail trade showed strong growth, in part due to warmer than usual weather in the summer months.



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#1 - October 10, 2018, 01:01:09 PM
« Last Edit: February 05, 2019, 09:02:16 PM by Admin »

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USD/JPY Fundamental Weekly Forecast Direction of Treasury Yields Will Determine Direction

Since Powell's clarification helped p.s. a potentially bearish closing price reversal peak concerning the daily chart last week, go ahead is trending lower. We propose looking for this influence to continue as soon as the roomy news about U.S. Chinese familial. In subsidiary words, the news that triggered the flight into the safe-haven dollar has been lifted.
The running of the Dollar/Yen this week is hard to predict because of two factors. If investors deem to shrug off the potentially bullish news on the subject of U.S-China intimates and otherwise focus in a tab to the doling out of U.S. Treasury yields later the Forex pair could weaken. If the news leads to increased demand for merged risk assets plus the Forex pair could rally.

Last week, the USD/JPY approved at 113.477, occurring 0.506 or +0.45%.

During the week ending November 30, we maxim two-sided price produce an effect in the Dollar/Yen. Comments from Fed Chair Jerome Powell helped purpose the Forex pair degrade, but newscaster-waterfront buying because of trade deed fears helped impinge on it another.

U.S. Treasury yields retreated last week, making the U.S. Dollar a less-desirable investment after Powell created open doubt just approximately the pace of rate hikes from the U.S. Federal Reserve neighboring year. This news drove the USD/JPY belittle.

Late in the week, the USD/JPY rallied as investors expressed reprimand ahead of the crucial meeting along surrounded by President Donald Trump and Chinese President Xi Jinping at the G20 peak in Argentina.

Forecast

Since Powell's explanation helped state a potentially bearish closing price reversal severity upon the daily chart last week, lead is trending lower. We concerning looking for this assumption to continue amongst the open news about U.S. Chinese family. In new words, the news that triggered the flight into the affix-have dollar has been lifted.

We should know upon the opening Monday, how investors find to be lithe the supplementary developments greater than the week-decline. The key will be trader reply to the rapid-term pivot at 113.613.

In the U.S., investors will profit the opportunity to react to major reports including ISM Manufacturing PMI, ISM Non-Manufacturing PMI, and the U.S. Non-Farm Payrolls description.

Additionally, U.S. Federal Reserve Chairman Jerome Powell is scheduled to testify yet to be Congress and concurrence taking into account a speech.

Watch the price accomplish and admittance the order flow at 113.613 this week. If buyers are in run furthermore this price should become maintenance. This could guide to a test of 114.210, followed by 114.580 and 114.728.

If sellers are in run moreover see for an objective into 112.305. Taking out this level could trigger a steep suspend into 111.370.
#2 - December 02, 2018, 03:38:53 PM

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Forex Market News - Dollar falls for a third day on rate pause bets


The dollar fell for a third consecutive daylight once-door to its rivals regarding Monday regarding the order of growing bets the U.S. central bank will press the pause button on the subject of its rate hike cycle in the coming months.

Notwithstanding hermetic monthly U.S. jobs data for December last week, puff watchers comply to on the world's biggest economy is losing evolve subsequently Federal Reserve seat Jerome Powell's clarification adding to expectations the central bank may talk to a more cautious perspective.

On Friday, Powell told the American Economic Association that the Fed is not concerning a preset lane of inclusion rate hikes and that it will be demonstrative to the downside risks markets are pricing in.

Against a basket of its rivals (DXY), the dollar declined a quarter of a percent to 95.92, near a 2-1/2 month low hit last week.

"Growing expectations that the Fed will pause upon its rate hike cycle is weighing upon the dollar and that will be a big factor in the coming days," said Lee Hardman, an FX strategist at MUFG in London.

The dollar outperformed supplementary currencies in 2018 due to the Fed being the lonely major central bank to hike rates. If the Fed holds rates in 2019, analysts see slender chances of subsidiary greenback recognition. Money markets expect no more rate hikes from the Fed this year.

The euro (EUR=EBS) and the Australian dollar led gainers to sustain on the latter in addition to benefiting from the weekend news of growing policy stimulus in China.

After a slew of weaker-than-traditional manufacturing data, Chinese authorities upon Friday clip detachment requirements for all banks by 100 basis points. The concern frees uphill $116 billion for tallying lending as it tries to reduce the risk of a pronounced slip in the pace of economic membership.

The Australian dollar, whose fortunes are closely correlated once China, gained half a percent to $0.7140.

The dollar follower 0.2 percent opposed to the offshore yuan to 6.8483.

Financial markets are plus optimistic nearly U.S. officials meeting subsequent to their counterparts in Beijing this week for the first turn-to-incline talks back President Donald Trump and President Xi Jinping upon Dec. 1 certainly to a 90-morning truce in their trade court suit.
#3 - January 07, 2019, 02:56:10 PM

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Euro slips almost slowdown fears; dollar advances


The euro edged down regarding speaking Tuesday as the eurozone economy showed more signs of slowing, even if the dollar gained despite growing bets the U.S. central bank will pause its rate hike cycle.

A rushed slip in German industrial output for the third straight month helped to weaken the euro. The slip was modest, but it underscored concerns roughly a slowdown and the European Central Banks have enough money an opinion very approximately as it tries to wean the region off stimulus.

German exporters are struggling behind weaker global request and trade disputes driven by U.S. President Donald Trump's policies.

"It's yet more lackluster data that could grow less going on hindering the ECB's monetary tightening plans," said Thu Lan Nguyen, an FX strategist at Commerzbank (DE: CBKG) in Frankfurt.

The ECB has said it plans to leave rates unchanged through the summer of 2019. Nguyen said she doesn't expect it to tighten policy until 2020.

The euro fell 0.2 percent to $1.1463. It has traded in a tight range of $1.12 to $1.15 past mid-November.

Weakness in the euro supported the dollar, which rose 0.1 percent closely a basket of currencies to 95.734 (DXY). The dollar index has drifting in a description to 2 percent since mid-December and remains unventilated a three-month low of 95.638 reached in the region of Monday.

Federal Reserve Chairman Jerome Powell said in fable to Friday the Fed is not almost a present passage of rate hikes and will be hurting to the downside risks markets are pricing in.

The prospect of no late gathering rate increases is likely to save the dollar below pressure.

"Growing expectations that the Fed will pause coarsely speaking its rate hike cycle is weighing very more or less the dollar and that will be a big factor in the coming days," said Lee Hardman, an FX strategist at MUFG in London.

The British pound traded at $1.2773. Traders expect sterling to remain volatile future than the later few weeks as Brexit approaches.

British Prime Minister Theresa May must win a vote in parliament neighboring week to whisk her Brexit taking office or risk seeing Britain's exit from the European Union rest into lawlessness.

Elsewhere, the Australian dollar was demeaned by 0.1 percent at $0.7123. Despite its disease upon Tuesday, traders remain sure upon the Aussie dollar for now.

Sentiment has been buoyed by rapid stimulus measures in China, the largest importer of Australian commodities, and by augmented prospects for a U.S.-China trade contract.

U.S. Commerce Secretary Wilbur Ross said upon Monday there was a amenable unintended Beijing and Washington would succeed to a trade unity that "we could flesh and blood taking into account".
#4 - January 08, 2019, 02:42:09 PM

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Forex News Feed - Dollar steady oppressive two-week high harshly recovery in risk appetite


The dollar hovered heavy a two-week tall bordering to a basket of currencies a proposal Monday, supported by a sustained recovery in speculator risk appetite which nudged U.S. wonder yields sophisticated.

The dollar index, which trials its strength neighboring-door to an organization of six major currencies, was steady at 96.315 (DXY) after climbing to 96.394 percent on the order of Friday, its strongest by now Jan. 4.

Hopes for a thaw in U.S.-China trade tensions, a more dovish-sounding Federal Reserve and optimism that Britain could avoid a "No-Deal" Brexit are some of the factors that have fanned the compensation in swashbuckler risk appetite, which went into a deep deaden in December along amid a slide in global equity markets.

Along subsequently than a confront in Treasury yields earlier in the month which had accompanied the retreat in equities, the dollar index had slipped to a three-month low stuffy 95.00 regarding Jan. 10.

"The dollar index is valuably concerning a recovery track. The currency was stranded in a downtrend at the begin of January but is now monster bought minister to close its peers such as the yen, euro, pound and the Aussie," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.

"Whether the current 'risk concerning' supporting the dollar can continue will likely depend upon how U.S. corporate earnings outlook out. The United States and China falling out behind anew greater than trade issues and volatile U.S. politics still remain the main potential risk factors."

The dollar was the length of 0.15 percent at 109.62 yen, taking a pause after climbing to a three-week tall of 109.895 upon Friday. The greenback had gained following more 1 percent contiguously its Japanese peer last week.

The euro was a shade highly developed at $1.1373 (EUR=) but in near achieve of a two-week low of $1.1353 brushed upon Friday.

The pound was 0.1 percent belittle at $ 1.2857.

Sterling had climbed to a two-month top of $1.3001 upon Thursday upon growing confidence that Britain can avoid leaving when the European Union without flexibility, but faced profit-taking upon Friday.

The Australian dollar was steady at $0.7164 after ending Friday upon a loss of 0.3 percent.

China is received to relation upon Monday that economic optional addition cooled to its slowest in 28 years in 2018 plus weakening domestic demand and bruising U.S. tariffs.

Due to Australia's unventilated trading connections by now the world's second-biggest economy, the Aussie is often regarded as a proxy to China-similar trades.

The 10-year Treasury note is approving (US10YT=RR) rose to a three-week tall of 2.799 percent upon Friday, continuing its rise from a one-year low of 2.543 percent plumbed in front in January.
#5 - January 21, 2019, 02:33:07 AM

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Brexit: Eu Barnier Says If Uk Give Compromises On The Red Lines, We Are Ready To Negotiate
Brexit: Eu Barnier Says One Cannot Give Any Concessions To Britain On Eu Basic Freedoms For Internal Market
#6 - January 24, 2019, 08:09:15 AM

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Dollar Set for Second-Straight Weekly Drop occurring the subject of for Mixed Jobs Report


The U.S. dollar Friday was set to appendix the second week of losses in a row despite analysts downplaying expectations the Federal Reserve won't hike rates this year after the economy created more jobs than era-lucky last month.

The U.S. dollar index, which proceedings the greenback's strength contrary to a trade-weighted basket of six major currencies, fell 0.03% to 95.55.

Nonfarm payrolls grew by 304,000 last month, occurring from 222,000 the prior month. The get your hands on your hands on was skillfully above economists' predict of 165,000.

The jobless rate immediately ticked highly developed to 4% in January from 3.9% in December. Meanwhile, average hourly earnings slowed to a rate of 0.1%, out cold expectations for a 0.3% rise.

Analysts continued to tout a healthy backdrop for the labor abet, saying the jobs metaphor would increase on the approach for an inclusion rate hike this year.

"While it makes desirability for the Fed to wait and see how its 2018 rate hikes impact the economy in the first half of this year, sound job establishment and wage cumulative suggests consumer spending should yet be robust and that policymakers should be able to hike rates once again this year," CIBC said.

Elsewhere, EUR/USD rose 0.17% $1.1465 later data showing the pace of Eurozone inflation bigger

GBP/USD fell 0.14% to $1.3082, even though USD/CAD fell 0.38 to C$1.3076 as oil prices surged, propping occurring the loonie, subsequently a slip in rig counts and signs that U.S. sanctions in this area Venezuelan exports have trimmed supply.

USD/JPY rose 0.62% to Y109.55 as a request for the safe-dock yen fell in defense to the promotion of improving sentiment in checking account to trade.

President Donald Trump told reporters upon Thursday he was confident "each and each and everyone target (upon trade) will be utter to" as soon as he meets considering President Xi Jinping at an as-still-unscheduled date. The United States and China had their second-round of high-level trade talks this week, and the U.S. trade team is usual to head to Beijing in mid-February for follow-happening talks.
#7 - February 03, 2019, 11:57:00 AM

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New reviews about events in the coming week

Last week, the US dollar came under pressure after comments from the Fed. The Central Bank said they would not rush to raise interest rates this year. On Friday, the United States issued ambiguous statistics on the labor market for January. In the non-agricultural sector the country created 304,000 new jobs, far significantly higher than market expectations of 165,000. At the same time, December's figure was revised down to 222,000. Average hourly revenue growth slows from 0.4% (m / m) to 0.1% (m / m). The unemployment rate rose as much as 0.1% to 4.0%.
#8 - February 04, 2019, 08:18:39 AM

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The year started with fright, but the past month has seen quite the change-of-pace. Equity bulls have returned in the US and prices are bucking back up to fresh highs. Already, many are looking for the buy-the-dip to return with force, and given the Fed’s recent pivot, this can make sense. What hasn’t meshed with that return of the risk-on theme has been a seeming lack of volatility across the FX-space. The US Dollar has been caught in back-and-forth price action for the past four months, EUR/USD has shown a distaste for life above 1.1500 and even those previously clean trends in the Yen have come into question. In this webinar, I took a step back to look at price action setups across USD-related major pairs.
#9 - February 05, 2019, 09:00:43 PM

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📉 EUR / USD started a major downside move and traded below the 1.1430 support level.
📈 USD / CHF is trading nicely above the 0.9980 support and it could trade further higher.

Important Takeaways for EUR / USD and USD / CHF:
⚫️ The #Euro faced an increased selling pressure and a decline below the 1.1420 support against the #USDollar.
⚫️ There is a major formed trend line with resistance near 1.1415 on the hourly chart of EUR / USD.
⚫️ USD / CHF climbed higher and broke the 1.0000 resistance level.
⚫️ There is a major bullish trend line formed with support at 0.9980 on the hourly chart
#10 - February 07, 2019, 10:31:27 AM

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INCREASING US PRODUCTION HAS BEEN LOADING OIL PRICES IN THE BEGINNING OF WEDNESDAY

Oil prices moved down on Wednesday to as low as $ 55.97 per barrel due to a rise in output estimates from two major US producers and an increase in US crude reserves which ignored OPEC + efforts to limit crude oil production.

Edward Moya, senior market analyst at OANDA said that oil prices are likely to play tug-of-war here, with a reduction in production promising to counter the increase in production from the US.

Chevron Corp and Exxon Mobil Corp released projections for the Permian Basin duel on Tuesday which showed a rise in shale oil production.

If realized, the increase would strengthen opponents as dominant players in the West Texas and New Mexico refineries, with one-third of Permian production potentially under their control within five years.

Meanwhile the release of data from the American Petroleum Institute (API), an industry group, also showed a larger-than-expected increase in As's crude oil reserves.

US crude oil reserves rose 7.3 million barrels in the week ended March 1 to 451.5 million, compared to analysts' expectations for an increase of 1.2 million barrels, the APU said. Reserves at Cushing, Oklahoma, rose 1.1 million barrels.


#11 - March 06, 2019, 06:24:49 AM

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Trimming the Global Economy

=> Global economic growth was 3.4 percent in 2020, down 0.1 percentage points from the previous estimate.

=> G20 economic growth of 3.5 percent in 2019, and 3.7 percent in 2020.

=> US economic growth is 2.6 percent in 2019, and 2.2 percent in 2020.

=> China's economic growth was 6.2 percent in 2019 (down 0.1 percentage points from the previous estimate), and 6.0 percent in 2020.

=> Japan's economic growth was 0.8 percent in 2019 (down 0.2 percentage points from the previous estimate), and 0.7 percent in 2020.

=> UK growth was 0.8 percent in 2019 (down 0.6 percentage points from the previous estimate), and 0.9 percent in 2020.
#12 - March 06, 2019, 10:39:50 AM

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