Forex & Economy


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FOREX Weekly Summary

FOREX Weekly Summary
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🕔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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The Dollar Gains as US & Chinese Equities Outperform European Indices

The Dollar Gains as US & Chinese Equities Outperform European Indices
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🕔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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AUDUSD Gains Despite Weaker Than Expected Chinese Data

AUDUSD Gains Despite Weaker Than Expected Chinese Data
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🕔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

USDJPY Remains Bearish – Post BREXIT
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🕔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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S&P Downgrades Australia’s Credit Rating Outlook

S&P Downgrades Australia’s Credit Rating Outlook

🕔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

EURUSD technical outlook
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🕔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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Temporary Stability in stock and oil prices with the settlement of Brexit dust

Temporary Stability in stock and oil prices with the settlement of Brexit dust
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🕔June 29, 2016

Temporary stability in stock and oil Price

Fear is hunting the traders and investors in the world with the sudden rebound of the stock and oil price in the market. The stock market showed extreme volatility on the last Wednesday keeping the Brexit news in mind.…

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Dollar broadly weaker on the upcoming US home sales data

Dollar broadly weaker on the upcoming US home sales data
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🕔June 29, 2016

“Dollar turns lower against its major rivals”

The recent release of the economic data on Wednesday of the upcoming US Home Sales came pretty lower than the forecasted number, turning the mighty dollar lower against its major rivals. On the contrary, the latest Brexit news of referendum has shaken the sentiment of the many investors creating high volatility in the market.…

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Stock Watch: GoPro  (NASDAQ: GPRO) February calls active

Stock Watch: GoPro (NASDAQ: GPRO) February calls active
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🕔February 23, 2015

GoPro (NASDAQ: GPRO)  February 45, 45.5 and February weekly 47 calls are active in total call volume of 5K contracts (1K puts) amid renewed takeover speculation. February weekly call option implied volatility is at 71, March is at 57, April is at 54; compared to its 26-week average of 56 according to Track Data.…

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Best Stocks: Apple’s (Nasdaq:AAPL) electric car

Best Stocks: Apple’s (Nasdaq:AAPL) electric car
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🕔February 23, 2015

Cantor Fitzgerald analyst Brian White says he believes an electric car from Apple (Nasdaq:AAPL) has the potential to be the “iPhone of the Future.” White, in a note to investors today, added that he doubts Apple’s reach will stop there. He believes the personal robot category offers “great potential over the next decade and fits well with Apple’s skill set.” White thinks the reports of an electric car show innovation at the tech giant continues.…

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