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Signs of rate cut after weak New Zealand Inflation data
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👤Xinyang
🕔July 18, 2016
The NZD dropped sharply on Monday after inflation dropped unexpectedly in the second quarter. Consumer prices in New Zealand raised 0.4% y/y in the June quarter of 2016, which is similar to the previous period and lower than market expectations of a 0.5% increase.…
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Fresh insights on the US and China economies
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👤Xinyang
🕔July 18, 2016
Is the US Economy getting back on track?
US industrial production also rose 0.6% in June vs. 0.2% increase expected which showed that manufacturing activity hit its strongest level in almost a year. The increase in fuels and rent prices in June also suggested that inflation is picking up and rising prices indicated signs to a stronger economy.…
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FOREX Weekly Summary
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👤Lisa Harris
🕔July 17, 2016
Last week presented interesting opportunities in the foreign exchange market as the dollar reached a 3 week high rallying at 5.1% against the yen and making this its biggest weekly gain against the yen since February 1999. After sales data shockingly came in at 0.6% in June largely surpassing the estimated value of 0.1% set by analysts, the growth is not entirely surprising as this month’s dollar appreciation is being preceded by 2 consecutive months of growth for the Dollar.…
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EURUSD Analysis – After Turkey Failed Coup
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👤Allan Perry
🕔July 17, 2016
The EUR/USD pair closed the week near the lower end of its last three-week range, holding above the 1.1000 figure, but with an increasing bearish potential. Risk sentiment took a flip to the worst late Friday, after a military coup attempt in Turkey.…
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👤Isaac Ndegwa
🕔July 15, 2016
The US stocks on Friday made a great slide from their record highs while the dollar itself gained much during Friday’s trading.
The dollar has gained versus most of the other majors with the US treasuries releasing data that shows the biggest ever drop in manufacturing and sales optimism in 2016.…
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GBPUSD Remains Bearish – Post BREXIT
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👤Allan Perry
🕔July 13, 2016
GBP/USD
GBP/USD is currently trading at 1.3145, and is now only 145 points away from the psychologically important 1.3000 level. GBP/USD has retraced some of its recent gains, pulling back from a 9 day high, as investors await Bank of England decision and Cameron officially resigns as UK PM and Theresa May takes over.…
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AUDUSD Gains Despite Weaker Than Expected Chinese Data
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👤Isaac Ndegwa
🕔July 13, 2016
China posted weaker than expected import, export and trade balance data on July 13th but this has failed to make the AUDUSD trade lower. The latest release shows that China’s imports (YoY) (JUN) have slumped by 2.3% even though the figure was expected to be – 1.2% and the previous reading being 5.1%.…
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USDJPY Remains Bearish – Post BREXIT
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👤Allan Perry
🕔July 10, 2016
USD/JPY is currently trading at 100.533, and is now only 53 points away from the psychologically important 100.00 level. The US labour market bounced back in June following the disappointment in May, creating 287,000 jobs which was well ahead of market expectations.…
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👤Don Bennett
🕔July 7, 2016
The recent downgrade in Australia’s Credit Rating outlook has changed from stable to negative by S&P Global Ratings causing a major decline in the Aussie Dollar against its major rivals. According to S&P, there is one-third chance of lowering the rating further in the next two years unless necessary actions are being taken by the parliament to improve their budget position.…
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EURUSD technical outlook
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👤Don Bennett
🕔July 7, 2016
Key Resistance: 1.1616 (High of 3rd May)
Selling Zone: 1.12300; Broken trend line which turned into resistance
Minor Support: 1.09120; low of 24th June
Figure: EURUSD technical analysis, daily
The EURO has suffered huge drawdown against the mighty dollar in the event of a major economic news release on 24th June; 2016.The medium-term uptrend in the daily chart of the EURUSD pair tends to be at risk since the price has clearly broken the trend in the daily time frame.…
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