Forex Market

30Dec

IForex Market Trading Signals and News – 30 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar little changed as trading volumes remain light
  • Forex -Swedish crown soars, yuan hits 4-1/2-month low in offshore trade
  • Forex -Yen gets boost from souring risk sentiment, crude slide hits loonie

EUR/USD
The EUR/USD pair rises 0.08% to 1.0976, retreating from daily highs reached at 1.0983 levels. The main currency pair maintains the bid tone in Asia and fights hard to break through 1.10 barrier, with the broad based US dollar weakness collaborating to the upside in the pair. The USD index trades -0.08% lower at 97.92.However, further upmoves lack momentum in light of no major economic drivers ahead, as the macro calendar is expected to remain empty until the NY session. Moreover, thin trading and irregular volatility also restricts further upside in EUR/USD amid holiday-thinned markets as we progress towards the New Year.

GBP/USD
The pound held steady against the U.S. dollar on Tuesday, as trading volumes remained thin after Christmas and ahead of the New Year.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves. GBP/USD hit 1.4914 during European morning trade, the session high; the pair subsequently consolidated at 1.4889.Cable was likely to find support at 1.4815, the low of December 23 and resistance at 1.4947, the high of December 25.Market participants were eyeing a report on U.S. consumer confidence due later in the day after mixed U.S. economic reports released last week failed to offer clues as to how fast the U.S. central bank will raise interest rates next year. With the first U.S. rate hike since 2006 out of the way, investors are now focusing on the pace of future rate increases.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4910TARGET 1.4930 1.4960 SL 1.4880
  • SELL GBP/USD BELOW 1.4860 TARGET 1.4840 1.4810 SL 1.4890

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

29Dec
forex-market-hours

IForex Market Trading Signals and News – 29 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar recovers vs yen, Aussie falls back
  • Forex -Yen gets boost from souring risk sentiment, crude slide hits loonie
  • Forex -Canadian dollar struggles as weaker oil weighs on commodity currencies

EUR/USD
The dollar edged lower against the EUR on Monday, as investors continued to lock in profits from the greenback’s recent rally and as trading volumes remained thin ahead of the New Year holiday. Global financial markets closed early on Thursday, Christmas Eve, and remained shut for Christmas Day on Friday. Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility. EUR/USD edged up 0.22% to 1.0987.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.12% at 97.89.
GBP/USD
The pound was almost unchanged against the U.S. dollar on Monday, as trading volumes remained thin ahead of the New Year holiday.Global financial markets closed early on Thursday, Christmas Eve, and remained shut for Christmas Day on Friday. Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility. GBP/USD hit 1.4935 during European morning trade, the session high; the pair subsequently consolidated at 1.4923.Cable was likely to find support at 1.4860, the low of December 24 and resistance at 1.5003, the high of December 17.However, the Fed funds futures currently suggests there will be just two rate increases, one in June and one in December.Mixed U.S. economic reports released last week failed to offer clues as to how fast the U.S. central bank will raise interest rates next year.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4940TARGET 1.4960 1.4990 SL 1.0910
  • SELL GBP/USD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

24Dec
Forex Signals

IForex Market Trading Signals and News – 24 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar edges higher ahead of U.S. durable goods report
  • Forex -Dollar inches higher after mixed U.S. data
  • Forex -Rupiah, won and Taiwan dollar rise; ringgit eases

EUR/USD
The pair currently trades around the hourly 200-MA at 1.0921 levels. The positive action in the stock markets has once again led to the weakness in the EUR. The common currency advanced for the last three consecutive days on the back of the minor jitters seen in the European and US financial markets.Later in the day, a batch of US data – durable goods orders, personal spending and personal income could influence the pair. A break below 1.0890 (38.2% of 1.1495-1.0517), would expose the support at 1.0803 (Dec 17 low). On the other hand, a break above 1.0940 (61.8% of Mar-Aug rally) would open doors for a retest of 1.1006 (50% of 1.1495-1.0517).

GBP/USD
The pound edged higher against the U.S. dollar and the euro on Wednesday, even after data showed that the U.K. economy grew less than initially expected in the third quarter. GBP/USD inched up 0.27% to 1.4861 during European morning trade. Sterling was also higher against the euro, with EUR/GBP shedding 0.52% to 0.7350. The U.K.’s Office for National Statistics said gross domestic product expanded 0.4% in the three months ended September 30, missing forecasts for 0.5%. Preliminary estimates initially pegged U.K. growth at 0.5%. The U.K.’s economy grew by 0.7% in the preceding quarter. Meanwhile, investors looked ahead to key U.S. economic data later in the session for further indications on the strength of the economy. The U.S. is release a string of reports, including data on durable goods orders, new home sales and consumer sentiment.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4920 TARGET 1.4940 1.4970 SL 1.4880
  • SELL GBP/USD BELOW 1.4870 TARGET 1.4850 1.4820 SL 1.4900

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

23Dec
forex-trading3

IForex Market Trading Signals and News – 23 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar holds steady vs. euro, yen ahead of U.S. GDP report
  • Forex -Rupiah, Taiwan dollar and ringgit edge higher
  • Forex -Dollar falls as euro rises after Spanish election

EUR/USD
The dollar was steady against the euro and the yen on Tuesday, as trading became more quiet ahead of the Christmas Holiday and as investors awaited the release of U.S. economic growth data due later in the day.EUR/USD was little changed at 1.0912. The dollar remained supported after the Federal Reserve hiked interest rates by a quarter of a percentage point to a range between 0.25% and 0.5% in a widely expected move. It was the first rise in U.S. interest rates in nearly 10 years.Market participants were eyeing the release of a final report on U.S. third-quarter growth for further confirmation of the strength of the economy. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 98.44.

GBP/USD
The pound edged higher against the U.S. dollar on Tuesday, even after data showed that public sector net borrowing rose more-than-expected last month as demand for the greenback slightly weakened ahead of a U.S. economic growth report due later in the day. Trading volumes were expected to remain limited ahead of the Christmas Holiday. GBP/USD hit 1.4930 during European morning trade, the session high; the pair subsequently consolidated at 1.4893, easing up 0.09%.Cable was likely to find support at 1.4861, the low of December 17 and resistance at 1.5003, the high of December 17. The U.K. Office for National Statistics reported that public sector net borrowing rose to £13.56 billion in November from £6.75 billion in October, whose figure was revised from a previously estimated £7.47 billion.Analysts had expected public sector net borrowing to rise to £11.00 billion last month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4900 TARGET 1.4920 1.4950 SL 1.4870
  • SELL GBP/USD BELOW 1.4870 TARGET 1.4850 1.4820 SL 1.4900

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

22Dec

IForex Market Trading Signals and News – 22 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Euro rides out Spanish election result, yuan steadies
  • Forex -Dollar adrift in a sea of central bank uncertainty
  • Forex -Dollar steady in subdued trade ahead of holidays

EUR/USD
The dollar edged lower against the eur on Monday, as investors continued to digest the Federal Reserve’s latest policy move and as trading volumes were expected to remain thin ahead of the Christmas Holiday.EUR/USD eased up 0.09% to 1.0875. The U.S. dollar weakened on Friday, one day after rising to a two-week high as markets continued to digest the Fed’s decision to raise interest rates for the first time in nearly a decade. The Fed hiked interest rates by a quarter of a percentage point to a range between 0.25% and 0.5% in a widely expected move.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.09% at 98.65.

GBP/USD
The pound was almost unchanged against the U.S. dollar on Monday, hovering close to an eight-month low as sentiment on the greenback remained supported by the Federal Reserve’s most recent policy decision.Trading volumes were expected to remain limited ahead of the Christmas Holiday.GBP/USD hit 1.4892 during European morning trade, the session low; the pair subsequently consolidated at 1.4899.Cable was likely to find support at 1.4861, the low of December 17 and an eight-month low and resistance at 1.5003, the high of December 17.The dollar rallied againt the pound last week after the Fed hiked interest rates by a quarter of a percentage point to a range between 0.25% and 0.5% in a widely expected move.Commenting on the decision, Fed Chair Janet Yellen said the FOMC will not be mechanical in its approach to normalize monetary policy and that future rate hikes would be gradual and data dependent.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4920 TARGET 1.4940 1.4970 SL 1.4890
  • SELL GBP/USD BELOW 1.4900 TARGET 1.4880 1.4850 SL 1.4930

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

21Dec
Forex trading

IForex Market Trading Signals and News – 21 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar falls against yen after Japan stops short of extra QE
  • Forex -Dollar remains moderately lower in quiet trade
  • Forex -Dollar gets altitude sickness as BOJ disappoints

EUR/USD
The dollar slid lower against the euro on Friday, as markets took a breather after the Fed- eral Reserve’s rate hike on Wednesday and as the Bank of Japan’s kept its monetary policy unchanged.EUR/USD rose 0.30% to 1.0858. The dollar had strengthened broadly after the Fed raised interest rates by a quarter of a percentage point to between 0.25% and 0.50% at the conclusion of its two-day policy meeting on Wednesday. It was the first rate hike in the U.S. since 2006.Commenting on the decision, Fed Chair Janet Yellen said that further rate hikes would be gradual and data dependent.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.44% at 98.76, off the previous session’s two-week high of 99.35.

GBP/USD
The pound rose against the U.S. dollar on Friday, easing off an eight-month low as investors digested the Federal Reserve’s decision to raise interest rates on Wednesday. GBP/USD hit 1.4950 during European morning trade, the session high; the pair subsequently consolidated at 1.4934, rising 0.21%.Cable was likely to find support at 1.4861, Thursday’s low and an eight-month low and resistance at 1.5003, Thursday’s high.The dollar had strengthened broadly after the Fed raised interest rates by a quarter of a percentage point to between 0.25% and 0.50% at the conclusion of its two-day policy meeting on Wednesday. It was the first rate hike in the U.S. since 2006.Meanwhile, the pound remained mildly supported after the U.K. Office for National Statistics reported on Thursday that retail sales increased by 1.7% last month, blowing past forecasts for a gain of 0.5%.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4930 TARGET 1.4950 1.4980 SL 1.4910
  • SELL GBP/USD BELOW 1.4900 TARGET 1.4880 1.4850 SL 1.4930

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

18Dec

IForex Market Trading Signals and News – 18 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -AUD/USD drops after U.S. rate hike
  • Forex -Kiwi lower against broadly stronger greenback
  • Forex -Dollar near 2-week highs after Fed hikes U.S. interest rates

EUR/USD
The EUR/USD pair fell down to 1.0831 at the beginning of the day, with the greenback extending the rally triggered by the FED late Thursday, when the US Central Bank finally announce a 25bp rate rise, writing a new chapter in the history of monetary policy. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.50% at 98.90, the highest level since December 3.The Greenback remains in demand after the Fed Dot Chart released yesterday hinted at 4 rate hikes in 2016. This surprised markets as the Fed was widely expected to indicate a slow path of tightening. Consequently, the EUR/USD failed to extend the minor recovery seen in early Europe and fell below 1.0852 levels.

GBP/USD
The pound trimmed losses against the U.S. dollar on Thursday, after the release of strong U.K. retail sales data, although the Federal Reserve’s decision to raise interest rates on Wednesday continued to support the greenback.GBP/USD eased off 1.4920, the pair’s lowest since December 3, to hit 1.4966 during European morning trade, still down 0.23%. Cable was likely to find support at 1.4902, the low of December 3 and resistance at 1.5102, Wednesday’s high.The U.K. Office for National Statistics reported that retail sales increased by 1.7% last month, blowing past forecasts for a gain of 0.5%. Retail sales in October fell by 0.5%, whose figure was revised from a previously reported decline of 0.6%. Year-on-year, retail sales rose at a rate of 5.0% in November, easily surpassing expectations for a 3.0% gain, after rising at a rate of 4.2% a month earlier.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4970 TARGET 1.4990 1.5020 SL 1.4940
  • SELL GBP/USD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

16Dec

IForex Market Trading Signals and News – 16 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -NZD/USD climbs to 1-1/2 month highs ahead of Fed
  • Forex -AUD/USD edges higher after RBA minutes
  • Forex -Dollar moves lower as Fed meeting looms

EUR/USD
.The dollar moved lower against the on Tuesday amid growing expectations that the greenback could weaken in the wake of the Federal Reserve’s policy meeting later this week.EUR/USD hit highs of 1.1060, the most since October 30 and was last at 1.1049, up 0.52%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 97.32, off 0.44% for the day.Most investors expect the U.S. central bank to raise interest rates for the first time since June 2006 at its upcoming meeting on Wednesday.Higher interest rates would make the dollar more attractive to yield-seeking investors in the long run, but a rate hike could also trigger dollar selling in the immediate aftermath.With a rate hike priced in investors are now focusing on how quickly the Fed will tighten monetary policy in 2016. The Fed has indicated that the pace of rate hikes will be gradual.

GBP/USD
The GBP/USD pair trades slightly lower this Tuesday, hovering between gains and losses around 1.5150 ever since the day started. The release of UK inflation figures failed to support the Pound despite the figures resulted better-than-expected, with the CPI rising by 0.1% in the year to November. Monthly basis, inflation remained flat, against expectations of a 0.1% decline. The producer price index, however, continued to fall yearly basis, down by 1.5%. The technical picture is neutral, as in the 4 hours chart, the indicators are horizontal around their mid-lines, while the price is being capped by the 20 SMA and the 200 EMA, both converging a few pips above the current level. The pair will likely maintain the range during the upcoming hours, until the release of the US inflation data at the beginning of the American session, set to determinate market’s tone for the rest of the day.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5220 SL 1.5140
  • SELL GBP/USD BELOW 1.5140 TARGET 1.5120 1.5090 SL 1.517

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

15Dec
forex-market-hours

IForex Market Trading Signals and News – 15 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar broadly higher as markets turn to Fed meeting
  • Forex – NZD/USD holds steady, all eyes on Fed
  • Forex – AUD/USD rises off 3-week lows but gains capped

NZD/USD
The New Zealand dollar held steady against its U.S. counterpart on Monday, as investors remained cautious ahead of the Federal Reserve’s highly-anticipated policy meeting this week.NZD/USD hit 0.6692 during late Asian trade, the pair’s lowest since December 9; the pair subsequently consolidated at 0.6710.The pair was likely to find support at 0.6622, the low of December 7 and resistance at 0.6787, the high of December 11.Most investors expect the Fed to raise interest rates for the first time since June 2006 at its upcoming meeting on December 15-16.Higher interest rates would make the U.S. dollar more attractive to yield-seeking investors.

AUD/USD
The Australian dollar rose against its U.S. counterpart on Monday, easing off a three-week low but gains were expected to remain limited as sentiment on the greeback strengthened ahead of the Federal Reserve’s policy meeting this week.AUD/USD hit 0.7214 during late Asian trade, the session high; the pair subsequently consolidated at 0.7208, rising 0.26%. The pair was likely to find support at 0.7098, the low of November 19 and resistance at 0.7283, Friday’s high.Most investors expect the Fed to raise interest rates for the first time since June 2006 at its upcoming meeting on December 15-16.Higher interest rates would make the U.S. dollar more attractive to yield-seeking investors.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5230 SL 1.5140
  • SELL GBP/USD BELOW 1.5130 TARGET 1.5110 1.5070 SL 1.5160

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

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