31 / 08 / 2016 | Analisi tecnica

EUR/CAD: Major Levels 1.4584 and 1.4607

European Session
The EUR/CAD pair has been trading higher since Friday, the 26th of August 2016, with the price moving from 1.4501 up to 1.4607.
 
On Tuesday, during the US session, the pair initially advanced up to 1.4594 from 1.4546, to later drop 1.4559. As of writing the price is trading at 1.4807.

In the event that the buyers keep pushing higher and the price breaks above 1.4607, profit targets could be locked in at 1.4672.  

On the other hand, in the scenario where the price go down and reach the level of 1.4566, the pair could drop down to 1.4541 and 1.4501 in extension.



 
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
Leggi oltre
31 / 08 / 2016 | Notizie sul mercato

Dollar hits one-month high vs. yen as investors change stance

The US dollar inched to a one-month peak against the yen on Wednesday, as investors reassessed their stance on speculation that the Fed would not raise rates anytime soon.  

That reversal boosted the dollar, which was standing at around 100.50 against the yen at the start of the week, to extend an overnight rally as high as 103.23, its highest level since the 29th July.     

The common currency was little changed at 1.1153, hovering near a three-week low of 1.1133 plumbed on Tuesday. The euro was poised to lose 0.2% for the month.

The dollar has gained traction since Janet Yellen’s comments on Friday reignited expectations the Federal Reserve could lift rates as early as September.

Strong data released from the US Conference Board on Tuesday, showed that the consumer confidence index advanced to an 11-month high in August, thus assisting the dollar to extend its gains. Another report indicated that the US house price growth lost steam in June but was still strong.

The yen lost ground after Japan’s Chief Cabinet Secretary commented on Tuesday that the government will take appropriate actions to undesirable yen gains.  
 
The US dollar index was little changed at 95.956 after rising to 96.143 overnight, its highest level since the 9th August. It was still on track to lose 1% for the month, after sliding to a near two-month low of 94.077.

Moving forward, attention remains to Friday’s nonfarm payrolls report for the month of August, as investors wait to see if the US economy is strong enough to withstand a rate hike.

Market participants will first digest the ADP employment report and the Chicago PMI index scheduled to be released on Wednesday.

The Aussie rose 0.2% to 0.7526 against the greenback after its overnight drop to a one-month low of 0.7500, against the broadly strong US dollar.
 
The Australian dollar was poised to lose 1% against the dollar in August, despite the fact that it had risen to a near four-month high of 0.7760 early in the month, with the country’s relatively higher yields attracting investors looking to escape negative rates in Japan and the eurozone. 
...
Leggi oltre
30 / 08 / 2016 | Analisi tecnica

USD/CAD: Runs out of steam around 1.3040

North American Session
The USD/CAD pair has been trading upwards for the third consecutive session, with the price currently trading around the 1.3040/45 band. 

The pair rose during the course of the day on Monday, with the price touching the daily high of 1.3047, before ending the day at 1.3020. Today, the pair extended its upward trajectory, in light of a broad-based buying interest in the dollar, currently hovering near yesterday’s highs of 1.3040. 

Investors now shift their focus to the S&P/Case-Shiller index and consumer confidence in August, followed by the API crude stockpiles weekly report. In Canada, attention will be on current account figures for the second quarter.
 
In the event that the price manages to break above immediate resistance at 1.3047, the pair could extend its gains up to 1.3183 and 1.3256 respectively. On the downside, in the scenario where the price breaks below 1.2963, the pair could find support at 1.2915 and 1.2829 in extension. 



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

...
Leggi oltre
30 / 08 / 2016 | Notizie sul mercato

Greenback took a breather ahead of US employment report

The dollar took a breather on Tuesday, as investors await the release of US employment data on Friday, to see if the figures will reinforce Fed officials’ recent optimistic messages.

The US dollar index inched up 0.23% to 95.75, not far from the previous session’s high of 95.83, which was its highest since 12th August. The index was well above Friday’s low of 94.246, hit before the Fed Chair and Vice Chair commented that rate hikes were still possible this year.

The employment report, due later in the week, is expected to show a gain of 180,000 new jobs in the month of August, below the 255,000 additions in July and the 292,000 jobs added in June.

Official statistics indicated on Monday that US consumer spending increased for the fourth consecutive month, signalling a steady growth that could open the doors for the Fed to lift rates later in 2016.

The common currency edged lower 0.1% at 1.1172 against the dollar and was higher 0.1% at 114.11 against the yen.

The greenback gained 0.2% to 102.14 against the yen, drifting away from Monday’s 102.39 high.

Reports released earlier in the day, indicated that the Japanese household spending declined less than expected in July, while the jobless rate touched a two-decade low, thus lending support to the yen.

However, with the Japanese economy barely growing and inflation drifting away from the BoJ’s 2% target, most analysts expect the central bank to take further easing steps next month when it conducts a detailed review of the effects of its stimulus programme.

The Australian dollar fell 0.08% to 0.7652 against the dollar, despite the fact that Australian building approvals increased by 11.3% in July, exceeding expectations of a 0.5% fall. Building approvals decreased 4.7% in June, whose figure was revised from a previously estimated 2.9% fall.

The New Zealand dollar inched down 0.11% to trade at 0.7244 against its US counterpart.


 
...
Leggi oltre
30 / 08 / 2016 | Analisi tecnica

EUR/GBP: Inches higher to 0.8545 ahead of UK data

European Session
The EUR/GBP pair has been trading sideways since the 25th August, with the price ranging between the levels of 0.8509 and 0.8563.

The European cross edged higher on Monday, reaching the daily high of 0.8550, before ending the day at 0.8534. Today, the pair initially consolidated to subsequently rise to session highs of 0.8545.

The pair is gaining further traction today, following a persistent weakness in the pound, ahead of today’s M4 money supply, mortgage approvals and Bank of England’s consumer credit releases.

In the eurozone, investors await the German flash CPI report for August, along with EMU’s business climate and consumer confidence.

In the event that the price breaks above 0.8613, the pair could rise up to 0.8692 and 0.8727 in extension. On the flip side, in the scenario where the price breaks below 0.8484, the pair could find support at 0.8445 and 0.8477 respectively.



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


 
...
Leggi oltre
29 / 08 / 2016 | Notizie sul mercato

US dollar skyrocketed on hawkish Fed speak

The US dollar soared against a group of six major currencies on Friday, following the optimistic remarks from Fed Chair and Vice Chair, signalling a potential US interest rate hike as early as next month.

During the highly anticipated speech at the Jackson Hole symposium on Friday, the Federal Reserve Chair said that the possibility of a US rate hike has increased in recent months, due to improvements in the labour market and to an upbeat economic outlook.

Nevertheless, Janet Yellen did not determine when the US central bank would act, while stressing that higher interest rates would be data-dependent.
 
Speaking afterwards, Fed Vice Chair said that Yellen’s speech was in line with expectations for two or more rate lifts in 2016, paving the way for a September rate hike.
 
The US dollar index, which tracks the greenback’s performance against a group of six other currencies, climbed to a daily high of 95.58, the highest since the16th August. The index ended the day at 95.48, gaining more than 0.8%. For the week, it rose 1.12%, as market participants began to view a greater possibility of a rate hike this year.
 
The dollar surged 1.26% against the Japanese yen to end the day at 101.80, after hitting 101.94, the highest since the 12th August. The major jumped 1.61% for the week, the first loss in five weeks.
 
Official statistics showed on Friday that consumer prices in Japan declined by the most in three years, adding pressure on the government and the BoJ to employ additional measures to bolster sluggish inflation.
 
The common currency fell 0.77% to end the day at 1.1195, the lowest level since the 16th August. For the week, the euro lost 1.13%, ending a two-week winning streak.  
 
Meanwhile, the sterling was at 1.3140 against the dollar, losing 0.4% for the day but 0.5% higher for the week, amid dampened concerns over the growth of the economy.

A report released on Friday showed that the UK economy rose by 0.6% in the three months to July and expanded 2.2% on a year-over-year basis, revealing that the economy remained strong ahead of the Brexit vote.
 
In the week ahead, market watchers will focus on US data, with nonfarm payrolls in the spotlight. Investors will be also closely monitoring Chinese manufacturing sector data and UK manufacturing and construction reports.

 
 
...
Leggi oltre
29 / 08 / 2016 | Analisi tecnica

GBP/USD: Drops to five-day lows of 1.3066

North American Session
The GBP/USD pair remains in negative territory for the third consecutive session today, currently trading around the 1.3065/70 band.

The major fell during the course of the day on Friday, ending the day at 1.3133. Today, the pair resumed its downward trajectory to five-day lows of 1.3066.

Optimistic comments from the Fed Chair and Vice Chair indicated a strong case of a rate hike by the end of this year. Fed rate-hike odds have led to a broad-based dollar rally, amid thin liquidity in observance of the UK Summer Bank holiday.

Going forward, investors will be monitoring the US core PCE price index and personal income and spending data, ahead of Friday’s NFP report.

A sustained move below 1.3066 could expose 1.3022 and 1.2863 respectively. On the upside, a break above 1.3218 could open the doors to 1.3278 and 1.3375 in extension.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
 
 
...
Leggi oltre
29 / 08 / 2016 | Analisi tecnica

USD/JPY: Surges to fresh highs above 102.30

European Session
The USD/JPY pair soared to three-week highs of 102.34, as the yen was the biggest mover following the Jackson Hole event.

The major soared during the course of the day on Friday, hitting daily highs of 101.93 to end the day at 101.83, in response to the hawkish Fed speak at Jackson Hole last Friday. Today the pair extended its upward trajectory and is currently trading around three-week highs of 102.34, following the broad recovery in the dollar.

On the Japanese side, investors remain wary regarding the possibility of further easing by the Bank of Japan at its September meeting.

In the event that the price manages to break above 102.78, the pair could keep rising up to 103.21 and 104.06. On the flip side, in the scenario where the price breaks below 101.16, the pair could head to 100.05 and 99.01 in extension. 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
Leggi oltre
26 / 08 / 2016 | Analisi tecnica

USD/JPY: Ranges around 100.40 ahead of Yellen’s speech

North American Session
The USD/JPY pair has been trading sideways since Wednesday, with the price ranging between the levels of 100.28 and 100.61.

The pair sidelined during the course of the day on Thursday, touching the daily low of 100.29 and high of 100.61. Today, the major extended its consolidation pattern due to lack of clear direction and is currently trading around 100.40.

All eyes are on Janet Yellen’s speech, as investors are looking for hints on the timing of the next rate hike by the Fed. In addition, the dollar will remain in focus, as second quarter GDP figures and the Reuters/Michigan index also due.

Earlier in the day, inflation figures from Japan gauged by the National Core CPI indicated that consumer prices have decreased 0.5% in July on a year-over-year basis, igniting further doubts on the effectiveness of the policies implemented by the Bank of Japan to boost inflation.  

A breach below Wednesday’s low of 100.09 could expose 99.76 and 99.25 respectively. On the upside, a break above 100.76 could open the doors to 101.16 and 101.83 in extension. 



 Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
 
...
Leggi oltre
26 / 08 / 2016 | Notizie sul mercato

Dollar edged lower ahead of Yellen’s speech

The US dollar weakened on Friday ahead of the Federal Reserve Chair Janet Yellen’s highly anticipated speech that some believe it could provide new signals on whether the Fed will hike rates in 2016.

The US dollar index ticked down 0.1% to 94.718, on track for a modest gain of 0.2% for the week.

Later in the day, Janet Yellen will conduct a keynote speech at a global central bank meeting in Jackson Hole, Wyoming. She could convey a clear message that the Federal Reserve is poised for a hike this year, though many economists believe she will maintain her conservative stance that monetary policy is data-dependent and a rate rise is possible.

Regional Fed presidents have sent hawkish signals in recent weeks, with Kansas City Fed President saying on Thursday that it is time for the US central bank to hike rates gradually, provided that there is progress in inflation and employment.

Official statistics overnight reinforced the optimistic assessments of the world’s largest economy. New orders for US manufactured capital goods increased for a second consecutive month in July, as demand for machinery and a range of other products gained steam, while initial jobless claims fell unexpectedly.

Following the release of the upbeat data, futures markets were giving a 24% chance the Fed will raise rates at its next policy meeting and a roughly 57% chance of a rise in December, according to the CME Group’s FedWatch.  
The greenback edged lower 0.1% to 100.46 against the yen, while holding steady against the euro at 1.1290.

Data from Japan released earlier reinforced the view that the Bank of Japan has reasons to boost stimulus in September, as the economy falls back towards deflation.

The country’s core consumer prices slid for a fifth consecutive month and posted the biggest annual decrease in more than three years in July, according to official statistics.  

The BoJ at its July meeting disappointed investors by refraining from stepping up its government bond purchases programme, even as the government is poised to issue more debt to fund its latest stimulus drive.

The disappointment pushed yields higher and lent support to the yen. Several economists argue that the yen could be in for a period of volatility and may even gain further ground in September, extending its recent upward trajectory.
 
...
Leggi oltre



Avviso di rischio:  i CFD sono strumenti complessi e presentano un elevato rischio di perdita anche rapida del capitale, a causa della leva finanziaria. Il 67,56% dei conti degli investitori al dettaglio risulta essere in perdita nella negoziazione di CFD con AFX Capital Markets Ltd. Il 68,77% dei conti degli investitori al dettaglio risulta essere in perdita nella negoziazione di CFD con AFX Markets Ltd. Dovresti valutare attentamente se comprendi il funzionamento dei CFD e se puoi permetterti di correre il rischio di perdere il tuo capitale.

INIZIA A FARE TRADING DEMO SENZA RISCHI