Forex Market

29Jun
Forex Blog, USD Vs EURO Price

Weak Dollar or Strong Euro, Pound and Canadian Dollar?

Arguments:

  • The Dollar has amplified its decay this week, yet the basics now and these previous months haven’t floundered
  • While the US essentials may not be altogether debilitating, its partners’ have seen noteworthy change
  • Where development and legislative issues go into the condition, the genuine bane for the Dollar is a re-balancing in money related strategy

All pontoons run on solid land when the tide takes off. In the business sectors, the execution of any individual resource or segment is directed by the encompassing conditions. That can mean liquidity and instability that advances go as opposed to winning pattern – which has by and large been the situation for quite a while. Nonetheless, that can likewise show in relative impact. We much of the time see the effect that a solid Dollar can have on capital markets from Gold to values to settled salary when the Greenback has been charged by fiscal strategy or different components. There is a considerably more particular and thorough relative esteem assessment to be found in the cash showcase. Here, once more, the US money figures unmistakably as the most fluid fiat and most vigorously utilized hold. Be that as it may, it isn’t generally the greatest player muscling its littlest companions.

While the Dollar can correct a more prominent level of impact when under power, similar to any market, it experiences periods where it is basically left to float – just like the case right now. In such conditions, an outrageous move in a solitary real partner or a more direct aggregate move for a range companions can use a response from the benchmark. That was the situation Dollar this past session. While the DXY Dollar Index dove towards a basic, specialized help; the inspiration was particularly missing from the US newswires. There are positively subjects unfurling off camera at a deliberate pace; however that barely legitimizes the force of the current week’s tumble. Solid – and in a general sense spurred – arouses for the Euro, Pound and Canadian Dollar offered enough aggregate weight to subvert their biggest partner.

Strategy-Video-Is-This-a-Weak-Dollar-or-Strong-Euro-Pound-and-Canadian-Dollar_body_Strat1
From the Euro, brokers seized on generally start talk from the ECB President to extrapolate free desires for an inversion in the national bank’s forceful boost exertion. While the gathering attempted to squash that hypothesis, the understanding by and by stuck. In the interim, Governors from both the Bank of England and the Bank of Canada offered less uncertain explanations of eagerness to seek after climbs should financial conditions bolster the choice. Independently, the moves produced through EUR/USD, GBP/USD and USD/CAD would not have converted into a significant move for the Dollar. However, on the whole, these three monetary forms speak to more than 90 percent of the trade with the Greenback. That is all that anyone could need to move the needle. Perceiving the aberrant inspiration for the current enormous move, the following inquiry that normally takes after is: would this be able to tumble maintain itself. On the off chance that the move to this point required this level of expansiveness and profundity, it would be troublesome keep every one of the elements in arrangement. That is particularly valid in current economic situations were to remain solidly in nonpartisan.

29

21Jun

Ringgit gets down against USD

The ringgit was bring down against the USD early Wednesday as the greenback proceeded with its uptrend energy on the back of good faith over an apparently more grounded US monetary standpoint.The dollar achieved a one-month high on Tuesday against a crate of monetary forms on the view the Federal Reserve may raise financing costs yet again this year, while sterling tumbled after the Bank of England’s head tossed frosty water on the thought it was near raising rates.

The Malaysian ringgit slipped to its most minimal level in very nearly 19 years against the dollar on Tuesday, on steady descending weight after the U.S. Central bank raised loan fees a week ago and flagged a quicker pace of rate increments in 2017.

The ringgit, touched a low of 4.4785 for each USD, as indicated by Reuters information – its weakest level since January 1998, amid the stature of the Asian money related emergency.

 

At 9 am(0100gmt), the nearby unit remained at 4.2870/2900 against the greenback from 4.2820/2850 on Tuesday.

A merchant said ringgit development kept on being subject to the quality or shortcoming of the dollar.

“Market players will be looking for additionally flags that the US economy is without a doubt reinforcing,” he said.

The ringgit, in any case, was exchanged for the most part higher against a bushel of real monetary forms.

It acknowledged against the Singapore dollar to 3.0851/0883 from Tuesday’s’ end of 3.0863/0890 however devalued against the yen to 3.8476/8510 from 3.8386/8417 Tuesday.

The neighborhood unit solidified against the British pound to 5.4115/4157 from 5.4373/4424 yesterday and edged up against the euro to 4.7740/7778 from 4.7779/7825 on Tuesday.

10Apr

Forex Update

We should begin with the CBOE instability list which saw a slight uptick on Friday, up on either side of 13.0, unquestionably mirroring the responses towards the large number of sustains. After geopolitical concerns uplifted with the strike on Syria, the US March non-cultivate payrolls (NFP) number acquired another amazement. At 98k, US finance pick up had been the weakest since May 2016, making a scratch in value markets. The response however did not keep going long with the market pinpointing the arrangement of numbers on climate components. Forex Market Update

Furthermore, the unemployment rate had likewise turned out lower-than-anticipated, keeping assessment light. US showcases in the long run shut close unbiased, with profit discharges this week prone to bargain a more prominent effect on business sectors, particularly against the background of combining costs.

For the US dollar, the developments had been an interesting one. Introductory responses towards the payrolls information saw an emptying of the US dollar, with the USD record sinking to the day’s low at 100.52. Like the developments inside value advertises, the plunge had been brief for the USD. It was assisted by New York Federal Reserve President William Dudley’s remarks on money related approach post-NFP.

In spite of the baffling information, the Fed President went on the hawkish end, elucidating his prior remarks on the ‘little respite’ on here and now rate standardization. An apparently shorter than anticipated interruption accentuated by the Fed President had positively given the market motivations to offer up the USD. Consequently, notwithstanding the interruption of geopolitical concerns and powerless finance numbers, the money showcase have all the earmarks of being adhering near the expansive topics of development and fiscal strategy fixing. Pushing ahead, with an absence of level 1 information in the day, today’s appearance by Federal Reserve seat Janet Yellen would likely be the key impact for cash advertise activity.

For Asian markets, the moderately tranquil finish of the meeting between US President Donald Trump and China President Xi Jinping had presumably been the best situation for Asian market bulls. The meeting unquestionably did not seem ‘exceptionally ttumblr_static_tumblr_static_b3olx13zmc08cko400w8g4gkw_640roublesome’ as with what President Trump had pre-empted for business sectors. Early movers have seen blended outcome so far, while Hong Kong and Singapore markets are relied upon to come online with gentle increases. Look ahead to Taiwan March exchange numbers while China’s advance conditions transfer might be expected whenever between 10-15 April.

 

Friday: S&P 500 – 0.08%; DJIA – 0.03%; DAX – 0.05%; FTSE +0.63%

13Sep
forex text and business graph 3d rendered

IForex Market Trading Signals and News – 13 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Yen stronger in Asia as data supports, Fed rate views uncertain.
  • Forex – USD/CAD hits more than 1-week highs on dropping oil prices.
  • Forex – Global Stocks sell off bolsters yen, dollar supported by Fed rate hike.

EUR/USD

The dollar little changed against the other major currencies in quiet trade on Monday, as comments by a Federal Reserve official sparked fresh speculation over a potential rate hike in the near future. EUR/USD slipped 0.12% to 1.1222. The dollar found support late Friday after Boston Fed President Eric Rosengren said that low interest rates are increasing the chance of overheating the U.S. Economy. He added that gradually tightening monetary policy is appropriate to maintaining full employment. Market participants were looking ahead to a speech from FOMC voting member Lael Brainard due later on Monday for further hints on a potential interest rate increase.Meanwhile, the single currency remained mildly supported after the European Central Bank held back from adding additional stimulus measures last week and left interest rates on hold.

GBP/USD

The dollar held steady against the other major currencies on Monday, as comments by a Federal Reserve official sparked fresh speculation over a potential rate hike in the near future. The dollar gained some strength late Friday after Boston Fed President Eric Rosengren said that low interest rates are increasing the chance of overheating the U.S. economy.He added that gradually tightening monetary policy is appropriate to maintaining full employment.Market participants were looking ahead to a speech from FOMC voting member Lael Brainard due later on Monday for further hints on a potential interest rate increase.Meanwhile, the single currency remained mildly supported after the European Central Bank held back from adding additional stimulus measures last week and left interest rates on hold.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3290 TGT 1.3270 1.3240 SL 1.3320.
  • SELL GBP/USD BELOW 1.3235 TGT 1.3215 1.3185 SL 1.3265.

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

8Sep
Forex Blog, USD Vs EURO Price

IForex Market Trading Signals and News – 8 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Dollar broadly weaker on Fed rate hike doubts.
  • Forex – GBP/USD slides lower after U.K. data disappoints.
  • Forex – Aussie edges lower after GDP data, kiwi hits 16-month high.

EUR/USD

EURUSD closed above 1.1200 yesterday with price action now likely to stay flat within 1.1300 – 1.1270 price level into tomorrow’s ECB meeting. In the near term, expect the price to dip towards 1.12 on the minor bearish divergence that is formed on the chart.Resistance at 1.1270 – 1.1280 remains key to the upside, and a break out above this resistance could keep the bullish momentum send EURUSD to test 1.1300 followed by 1.1341.A possible reversal near the resistance level could, however, signal a near-term weakness,which could be confirmed if EURUSD breaks down below 1.1200.

GBP/USD

The pound slid lower against the U.S. dollar on Wednesday, after data showing that U.K. manufacturing production fell more than expected in July dampened optimism over the strength of the economy. GBP/USD hit 1.3378 during European morning trade, the session low; the pair subsequently consolidated at 1.3388, shedding 0.36%.Cable was likely to find support at 1.3292, Tuesday’s low and resistance at 1.3446, Tuesday’s high and a one-and-a half month peak.The U.K. Office for National Statistics said that manufacturing production decreased by 0.9% in July, worse than expectations for a decline of 0.4% and following a drop of 0.2% a month earlier that was revised from an initial 0.3% decline.On an annualized basis, manufacturing production rose 0.8% in July, worse than forecasts for a 1.7% increase.However, the report also showed that industrial production inched up by 0.1% in July, better than forecasts for a 0.2% decrease and following the 0.1% gain in the preceding month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3445 TGT 1.3465 1.3495 SL 1.3415.
  • SELL GBP/USD BELOW 1.3355 TGT 1.3335 1.3305 SL 1.3385.

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

7Sep
index

IForex Market Trading Signals and News – 7 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie and kiwi move higher, RBA holds rates.
  • Forex – Dollar little changed in rangebound trade.
  • Forex – USD/CAD pares losses as oil prices turn lower.

EUR/USD

Service sector activity in the U.S. grew for the 79th consecutive month in August, but at a slower pace than expected, industry data showed on Tuesday.n a report, the Institute of Supply Management (ISM) said its non-manufacturing purchasing manager’s index (PMI) fell to 51.4 last month from 55.5 in July. Analysts had expected the index to drop to 55.0.On the index, a reading above 50.0 indicates the non manufacturing sector economy is generally expanding, below 50.0 indicates the sector is contracting.In an immediate reaction, the dollar weakened. EUR/USD was trading at 1.1213 from around 1.1159 ahead of the release of the data, GBP/USD was at 1.3404 from 1.3367 earlier, while USD/JPY was at 102.48 from 103.35 earlier.The US dollar index, which tracks the greenback against a basket of six major rivals, traded at 95.17 compared to 95.62 prior to the release.

GBP/USD

The pound rose to a one-month high against the U.S. dollar on Monday, boosted by data showing that activity in the U.K. service sector returned to expansionary territory in August, while the greenback remained broadly under pressure.GBP/USD 1.3367 during European morning trade, the pair’s highest since August 3; the pair subsequently consolidated at 1.3367, climbing 0.54%.Cable was likely to find support at 1.3123, the low from September 1 and resistance at 1.3480, the high of July 14.Research group Markit said its U.K. services purchasing managers’ index rose to 52.9 last month from a reading of 47.4 in July. Analysts had expected the index to rise to 50.0.The upbeat data added to current optimism over the strength of the economy and Britain’s ability to overcome any post-Brexit hurdles.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3445 TGT 1.3465 1.3495 SL 1.3415.
  • SELL GBP/USD BELOW 1.3280 TGT 1.3260 1.3230 SL 1.3310.

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

6Sep
forex2

IForex Market Trading Signals and News – 6 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Dollar dips vs yen after BOJ’s Kuroda disappoints easing bets.
  • Forex – Asia FX up as US jobs data eases Sept Fed rate hike chances.
  • Forex – Dollar firm after U.S. payrolls do little to change Fed expectations.

EUR/USD

The dollar slipped lower against the other major currencies on Monday, as Friday’s downbeat U.S. employment report crushed expectations for a U.S. rate hike in the near future.Trading volumes were expected to remain light with U.S. markets set to remain closed on Monday for the Labor Day holiday.EUR/USD edged up 0.11% to at 1.1167.The greenback remained under pressure after data on Friday showed that the U.S. economy added 151,000 jobs in August, disappointing expectations for an increase of 180,000.The U.S. unemployment rate remained unchanged at 4.9% this month, confounding expectations for a downtick to 4.8%.The report also showed that average hourly earnings rose 0.1% in August, below expectations for a 0.2% increase.

GBP/USD

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slid 0.16% to 96.52, holding above the one-week low of 95.17 struck after Friday’s nonfarm payrolls report.The U.S. economy added 151,000 jobs last month the Labor Department said, below the jobs growth of 180,000 that economists had expected.The data dampened expectations that the Federal Reserve will raise interest rates again this year.The U.S. central bank raised interest rates for the first time in almost a decade in December.Expectations of higher interest rates typically boost the dollar by making it more attractive to yield seeking investors.Sterling was higher, with GBP/USD rising 0.23% to 1.3324 after data showing that activity in Britain’s service sector rebounded strongly last month from a slowdown prompted by June’s vote to exit the European Union.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3330 TGT 1.3350 1.3380 SL 1.3300.
  • SELL GBP/USD BELOW 1.3320 TGTR 1.3300 1.3270 SL 1.3350.

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

5Sep

IForex Market Trading Signals and News – 5 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD holds near one-month highs after U.K. PMI.
  •  Forex – Yen weaker as eyes turn to U.S. jobs, G-20 summit.
  •  Forex – Aussie, yen nearly flat in Asia as U.S. nonfarm payrolls awaited.

EUR/USD

The dollar was mostly unchanged against other major currencies on Friday, as investors remained cautious ahead of a highly-anticipated U.S. employment report amid growing speculation over a near-term rate hike by the Federal Reserve. EUR/USD held steady at 1.1196. The greenback had weakened after the Institute for Supply Management said on Thursday that its manufacturing activity index dropped to 49.4 last month from July’s reading of 52.6. It was the worst reading since January and missed expectations for a slight drop to 52.0.

GBP/USD

The pound held steady near one-month highs against the U.S. dollar on Friday, after the release of upbeat U.K. construction data, as investors remained cautious ahead of a highly-anticipated U.S. employment report due later in the day. GBP/USD hit 1.3293 during European morning trade, the session high; the pair subsequently consolidated at 1.3275. Cable was likely to find support at 1.3123, Thursday’s low and resistance at 1.3372, the high of August 3. Research group Markit said on Friday thats its U.K. construction purchasing managers’ index rose to 49.2 in August from 45.9 the previous month, beating expectations for an increase to 46.1.The data came a day after Markit said its U.K. manufacturing PMI rose to a 10-month high of 53.3 this month from a reading of 48.2 in July.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3290 TGT 1.3310 1.3340 SL 1.3260.
  • SELL GBP/USD BELOW 1.3252 TGT 1.3232 1.3202 SL 1.3282.

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

2Sep

IForex Market Trading Signals and News – 2 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD climbs near 1-month highs on strong U.K. data.
  • Forex – Aussie, kiwi edge higher vs. greenback on China PMI.
  • Forex – Aussie up on China PMI manufacturing surveys that show expansion.

EUR/USD

The EUR/USD continued to test lows on Wednesday afternoon, with the Euro exchange rates weakened by the morning’s Eurozone data and the US Dollar strengthened in the afternoon by US data.Mortgage applications improved from -2.1% to 2.8% in MBA’s August 26th report, and ADP’s August employment change score was a higher-than-expected  177k. However, the ‘Greenback’ was held back slightly by news that Chicago’s manufacturing PMI score had dropped from 55.8 to 51.5 in August.Confidence in the single currency deteriorated in spite of the German labour market continuing to tighten, with the Euro to Dollar exchange rate prompted to return to a downtrend.

GBP/USD

The pound climbed against the U.S. dollar on Thursday and approached a one-month peak after the release of upbeat U.K. manufacturing activity data added to optimism over the strength of the economy post-Brexit.GBP/USD hit 1.3251 during European morning trade,the pair’s highest since August 26; the pair subsequently consolidated at 1.3242, advancing 0.78%.Cable was likely to find support at 1.3063, Wednesday’s low and resistance at 1.3349, the high if August 4.The pound strengthened after data showed that U.K. manufacturing activity moved back into expansionary territory in August from what had been its worst level since early 2013.

RECOMMENDATION :

  • BUY EUR/USD ABOVE 1.1170 TGT 1.1190 1.1220 SL 1.1150.
  • SELL EUR/USD BELOW 1.1120 TGT 1.1100 1.1070 SL 1.1150.

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

1Sep
forex text and business graph 3d rendered

IForex Market Trading Signals and News – 1 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie holds steady, kiwi moves higher ahead of U.S. data.
  • Forex – Yen holds slight gains in Asia after industrial output.
  • Forex – Yen gains slightly after flat industrial output in July.

EUR/USD

Yesterday, the impulsive wave E traded short as previously forecasted but is yet to reach our target supportive trend line. Although we expect a momentum to the lower side, we wait for minor corrections to the upper side to give us low risk sell opportunities with an ideal target along the lower supportive trend line. we expect a similar impulsive ally in other positively correlated pairs such as NZD/USD and EUR/USD. This pairs have a strong +ve correlation of up +0.91 and will have a parallel price action during this intraday.

GBP/USD

The pound slipped lower agains the U.S. dollar on Tuesday, re-approaching a one-week trough after the release of downbeat U.K. data and as expectations for a U.S. rate hike before the end of the year continued to support the greenback.GBP/USD hit 1.3060 during European morning trade, the session low; the pair subsequently consolidated at 1.3068, shedding 0.28%.Cable was likely to find support at 1.2871, the low of August 18 and resistance at 1.3280, the high of August 26.The Bank of England earlier reported that net lending to individuals increased by £3.8 billion in July, compared to expectations for a £4.9 billion rise. Net lending to individuals increased by £5.1 billion in June, whose figure was revised from a previously estimated gain of £5.2 billion.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3265 TGT 1.3285 1.3315 SL 1.3235.
  • SELL GBPUSD BELOW 1.3045 TGT 1.3025 1.2995 SL 1.3075.

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

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