21 / 10 / 2015 | Market News

Dollar remained relatively unchanged vs. other majors

The dollar remains consistent against the other major currencies on Wednesday, as quiet market was expected without any major U.S. data to be released throughout the day, after the previous session of upbeat housing sector data.

On Tuesday, the greenback found support after the U.S. Commerce Department reports that U.S. housing starts rose 6.5% to 1.206 million units last month. In August a total of 1.132 million units, missed analyst estimates of 1.140 million.

Analysts expected that the number of building permits issued to fall by 0.9% to 1.164 million units in July, however, the report showed a drop of 5.0% to 1.103 million units from August’s total of 1.170 million. 

Meanwhile, the single currency strengthened as investors looked ahead to the European Central Bank's policy meeting on Thursday amid speculation that it could flag plans to enlarge its stimulus program.

The dollar edged lower against the euro, with EUR/USD up 0.11% at 1.1356. The dollar was higher against the yen, with USD/JPY up 0.13% at 120.00.

Elsewhere, the dollar remained relatively unchanged against the sterling pound, with GBP/USD at 1.5455 and was higher against the Swiss franc, with USD/CHF adding 0.19% to 0.9579.

The Australian and New Zealand dollars were weaker, with AUD/USD declining 0.41% to 0.7231 and with NZD/USD shedding 0.27% to 0.6733.

Meanwhile, USD/CAD edged up 0.12% to trade at 1.2997. Investors were eyeing the Bank of Canada's monetary policy statement due later in the day.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 94.87, not far from Monday's one-week highs of 95.05.
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21 / 10 / 2015 | General

SuperTradingOnline (STO) Attends the Trading Online Expo 2015

SuperTradingOnline is pleased to announce its attendance at the Trading Online (TOL) Expo 2015 in Milan, from 21-23 of October 2015.

SuperTradingOnline (STO) is proud to announce that it will be participating at the Trading Online Expo 2015 (TOL) from 21-23 October 2015 on the historical headquarter of Borsa Italiana in Milan. TOL Expo is taking place for the 13th consecutive year since 2003, and continues to offer a great opportunity for investors to meet with exhibitors. During the TOL Expo, a three-day educational program will be held, as well as other interesting activities. 

SuperTradingOnline (STO) offers clients a multitude of ways to trade the financial markets, including forex and CFDs on indices, commodities, equities and bonds. The company provides a number of different account types that suit every client need. What is more, STO offers all the necessary tools and educational resources for a successful trading experience.

The CEO, Manuela Mazzacco, is keen to encourage traders to attend the Trading Online Expo 2015 and explains: “We are happy to participate is such a well-established conference and we are looking forward to meeting investors from all over the world. The forex industry comprises an attractive investment option and we, at STO, offer products and services of the highest standards to satisfy the needs of even the most discerning traders.” 

Interested individuals are invited to visit STO and register at Trading Online (TOL) Expo 2015.
 
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20 / 10 / 2015 | Technical Analysis

NZD/ USD: Today’s Major Zones 0.6845 and 0.6742

North American Session
The NZD/USD pair fell slightly since the 15th of October, 2015, with the price dropping from as high as 0.6896 to as low as 0.6784, to subsequently consolidate between the levels of 0.6822 and 0.6782.

Today the pair advanced up to 0.6865 to then fall down to 0.6742. Taking into consideration that there is enough support below the zone of 0.6742, the price could bounce back to the upside. In the event that the buyers are able to exert stronger pressures and the price breaks above the level of 0.6801, the pair could escalate up to 0.6838 and 0.6896 respectively. 

Conversely, in the scenario where the sellers continue pressing the pair lower and the price breaks below the level of 0.6725, the pair could decelerate down to 0.6687 and 0.6638 in extension.
 


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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20 / 10 / 2015 | Market News

Dollar dented by mixed U.S. data

The U.S. dollar lost ground against the other major currencies on Tuesday, 20th of October 2015, after the release of mixed U.S. housing and building data, causing further uncertainty on the markets over the timing of a U.S. rate hike.

Based on the report, the number of building permits issued dropped by 5.0% to 1.103 million units, from August’s total of 1.170 million. In July, building permits fell by 0.9% to 1.164 million units. 

Meanwhile, the U.S. Commerce Department said that housing starts rose 6.5% to 1.206 million units last month from August’s total of 1.132 million units, although analysts had expected a figure of 1.140 million.

As a result, the U.S. dollar was lower against the euro, with EUR/USD rising 0.37% to 1.1366, but higher against the yen, with USD/JPY gaining 0.20% to 119.73.

Elsewhere, the dollar was steady against the pound, with GBP/USD at 1.5473 and lower against the Swiss franc, with USD/CHF sliding 0.49% to 0.9520.

The Australian and New Zealand dollars were stronger, with AUD/USD gaining 0.48% to 0.7283 and with NZD/USD rising 0.35% to 0.6815.

Finally, USD/CAD eased 0.08% to trade at 1.3007.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.23% at 94.79.
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20 / 10 / 2015 | General

AFX Capital Attends the Financial Partners Expo

AFX Capital is proud to announce that it will be participating at the Financial Partners Expo (FPE) from 22-25 October 2015 at the Messe Berlin. FPE is the biggest dedicated expo for introducing brokers and affiliates within the retail finance sector.
Under two of its main brands, AFX Affiliates and Market Technologies, the company will be recruiting prospective partners and exhibiting innovative turnkey partnership and technological solutions. Partners of AFX can take advantage of:
  • Personal Affiliate Area
  • Multiple Partnership Types
  • High Financial Rewards
  • Timely Payments
  • Marketing Materials
AFX offers an easy and transparent way of doing business with all its partners. The various partnership solutions provide competitive escalating rebates and commissions, consultancy, facilities for monitoring client performance, as well as marketing support.
Interested partners are invited to visit AFX Capital at the Financial Partners Expo or at www.afxaffiliates.com.
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20 / 10 / 2015 | Technical Analysis

EUR/GBP: Today’s Major Zones 0.7313 and 0.7341

European Session
The EUR/GBP pair has been under selling pressures since Thursday, 13th of October, 2015, with the sellers being able to drive the price from as high as 0.7492 to as low as 0.7303.

From Monday, the pair initially stabilised between the levels of 0.7305 and 0.7323. In the scenario that the buyers manage to break above the price of 0.7375, the price could reach 0.7398 and 0.7420 in extension.

Conversely, in the scenario where the sellers continue pressing the pair lower and the price breaks below the level 0.7303, the pair could decelerate down to 0.7233. 
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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19 / 10 / 2015 | Technical Analysis

EUR/USD: Today’s Major Zones 1.1379 and 1.1308

North American Session
The EUR/USD pair has been under selling pressures since Thursday, 15th of October, 2015, with the sellers being able to drive the price from as high as 1.1494 to as low as 1.1308.
In the scenario that the buyers manage to break above the price of 1.1379, the price could reach 1.1402 and 1.1424 in extension.
Conversely, in the scenario where the sellers continue pressing the pair lower and the price breaks below the level 1.1308, the pair could decelerate down to 1.1212. 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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19 / 10 / 2015 | Weekly Report

Euro fell against the dollar after ECB meeting

The dollar added modest gains on Friday, pressuring the euro lower, amid expectations that the Federal Reserve may still raise interest rates this year while the European Central Bank could scale up its quantitative easing program.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.33% at 94.76, after seven-week lows of last Wednesday. Meanwhile, the index still ended the week down 0.31% for a third week in a row. 

In the late trade, EUR/USD retreated 0.35% to 1.1347, having hit a seven-week high of 1.1494 on Thursday, and ended the week 0.18% lower. However on Thursday, turned sharply lower after ECB governing council member Ewald Nowotny said additional measures to boost price growth in the euro zone are needed.

Another major event of the previous week was on Wednesday, when the dollar fell after U.S. retail sales numbers were seen and limited the chances for Fed lift off in the coming months. 

On Thursday, industrial output slipped 0.2 percent, as many analysts forecast. The August reading was revised up to 0.1 percent dip from a previously reported 0.4 percent decline, the Federal Reserve said, adding that core consumer prices, which exclude food and energy costs, increased by 0.2%, above expectations for a gain of 0.1%.

Data on Friday confirmed that the rate of inflation in the euro area turned negative in September for the first time since the ECB launched its trillion euro asset purchase program in March, with the consumer price index down 0.1% on a year-over-year basis.

Furthermore, analysts had expected jobless claims to rise by 8,000 to 270,000, but the U.S. Department of Labor reported on Thursday, that the number of individuals filing for initial jobless benefits in the week ending (October 10, 2015) decreased by 7,000 to 255,000 from the previous week’s total of 262,000. As a result the dollar strengthened broadly and euro’s losses were held in check. 

The dollar was also higher against the Japanese yen ant the Swiss franc on Friday. Rebounding from Thursday’s seven-week trough of 118.05, USD/JPY rose 0.46% to 119.43. The pair still ended the week down 0.63%. USD/CHF was up 0.41% to 9543 in late trade. Sterling pound against the US dollar ended the day little changed at 1.5440.

In the week ahead, investors will be focusing on the outcome of Thursday’s ECB meeting.

Attention will also be turned to Friday’s eurozone survey data on manufacturing and service sector activity.
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19 / 10 / 2015 | Technical Analysis

USD/JPY: Bearish Pressures Noticed at 119.28

European Session
The USD/JPY pair has been moving upwards since the 15st of October 2015, with the buyers leading the price from as low as 118.06 to as high as 119.65.

Subsequently, the currency pair consolidated between 119.65 and 119.14, with bearish pressures being noticed at 119.28. If the sellers manage to get an advance of the situation and exert stronger pressures, they could force the pair to break below the support level of 119.05. Once the price penetrates that zone, the pair could decelerate down to 118.85 and 118.68 in extension.

In the opposite scenario, where the buyers manage to resume their upward pressures and the price breaks above the 119.65 level, the pair could rise up to 120.34.




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view. 
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