Daily Market Analysis by FxGrow

This is a discussion on Daily Market Analysis by FxGrow within the Daily Analysis forums, part of the Commercial category; Daily Technical Analysis – 19th June, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD had a Bullish trend yesterday ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jun 19, 2015, 8:45am   #25
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread Daily Technical Analysis – 19th June, 2015
By FxGrow Research & Analysis Team

AUDUSD

Click the image to open in full size.

AUDUSD had a Bullish trend yesterday and touched a high of 0.7846 but came down towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7802 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7700

RSI (14), STOCH (9, 6), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7725 while Resistance is at 0.7818

19th June 2015 – 06:59hrs GMT


USDJPY

Click the image to open in full size.

USDJPY had a bearish trend yesterday and touched a low of 122.45 but closed higher towards the end of the trading session. Now it is trading above its 20day moving average of 122.95 in the European trading session. The near term bias remains Neutral to Bullish with targets of 123.50

RSI (14), STOCH (9, 6) are Neutral; ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 122.47 while Resistance is at 123.29

19th June 2015 – 07:03hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
__________________
FxGrow
Growell your Trading
FxGrow Support is offline Broker   Reply With Quote
Old Jun 19, 2015, 10:34am   #26
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread Daily Market Analysis – 19th June, 2015
By FxGrow Research & Analysis Team

Eurozone Summit called after failure of Greece Bailout Talks

Click the image to open in full size.

Euro zone leaders will hold an emergency summit on Monday to avoid a Greek default after finance ministers failed again to bridge the gap between Greece and its European creditors.

The emergency summit will be held in Brussels just eight days before the deadline ends of a Greek default.

IMF, members of Eurozone and European commission all want Greece to implement budget cuts, mainly through pensions and sales-tax increases, which are needed to restore the country’s long-term financial health.

“Those are measures that are not popular, they will not be easy to take and the big question is whether the Greek government is prepared to take them. And if they’re not prepared to do that, then they are taking a big, big risk on the future of Greece” - Jeroen Dijsselbloem, Head of Eurozone finance ministers.

Cash withdrawals from Greek Banks are increasing with almost 2 billion Euros pulled out between Monday and Wednesday after the weekend talks in Brussels failed. Though the Greek government has denied imposing any Capital controls as of now, Greek Central Bank has warned of economic catastrophe if Greece defaults and leaves the Eurozone.

“Greece will be in default, it will be in arrears vis-a-vis the IMF on July 1, but I hope it is not the case, I really do. There is no grace period or two-month delay, as I have seen here and there" - Christine Lagarde, IMF.

"Germany's efforts are directed to Greece remaining in the Eurozone. Where there's a will, there's a way - if the political leaders in Greece show this will an agreement is still possible” - German Chancellor Angela Merkel.

The options that Greece will have whether it is able to reach a deal in the Eurozone summit on Monday or not are:

- No Deal is reached, Greece will default on its payments to the IMF and ECB, and ECB will pull plugs on emergency bank assistance leading to run on Greek banks, capital controls and potential Grexit.

- Deal is reached as Greece agrees to the reforms and is able to secure the bailout funds and stays in the Euro.

- No Deal is reached and Greece still remains in the Euro.

Greek PM is meeting Russian President Vladimir Putin over the weekend. Russian deputy Finance minister has told that there has been no request for money from Greece, and Russia had no resources for such a bailout.

"The Eurozone summit on Monday is a positive development on the road toward a deal. There will be a solution based on respecting EU rules and democracy which would allow Greece to return to growth in the euro" - Greek Prime Minister.

The Swiss National Bank keeps its monetary policy of negative interest rates intact in anticipation that negative interest rates will dampen the value of the Swiss Franc over time.

“Negative interest rates in Switzerland make holding investments in Swiss francs less attractive and will help to weaken the Swiss franc over time" - Thomas Jordan, Swiss National Bank Chairman.

UK Retail Sales rose for the month of May to 0.2% while analyst’s expectations were of a 0.1% decline.

Crude Oil is trading higher at $60.27 after data showed US Crude stockpiles on the decline.

Gold is trading higher in the Europe at 1200.40, while Silver is flat 16.14

19th June 2015 – 09:16hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
__________________
FxGrow
Growell your Trading
FxGrow Support is offline Broker   Reply With Quote
Old Jun 22, 2015, 9:12am   #27
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread Daily Technical Analysis – 22nd June, 2015
By FxGrow Research & Analysis Team

EURUSD

Click the image to open in full size.

EURUSD was bullish last week and touched a high of 1.1435 and remained strong at the end of the week. Now the pair is trading above its 20day moving average of 1.1359 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.1450

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.1344 while Resistance is at 1.1421

22nd June 2015 – 06:54hrs GMT

GBPUSD

Click the image to open in full size.

GBPUSD has a Bullish trend last week and touched a high of 1.5929 remaining firm towards the end of the week. Now the pair is trading above its 20day moving average of 1.5881 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.5950

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5834 while Resistance is at 1.5918

22nd June 2015 – 07:02hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
__________________
FxGrow
Growell your Trading
FxGrow Support is offline Broker   Reply With Quote
Old Jun 22, 2015, 9:17am   #28
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread Daily Technical Analysis – 22nd June, 2015
By FxGrow Research & Analysis Team

AUDUSD

Click the image to open in full size.

AUDUSD was lower last week touching a low of 0.7658 but corrected upwards towards the end of the week. Now the pair is trading above its 20day moving average of 0.7771 in the European trading session. The near term bias remains Neutral to Bullish with targets of 0.7850

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 0.7739 while Resistance is at 0.7802

22nd June 2015 – 07:19hrs GMT


USDJPY

Click the image to open in full size.

USDJPY was lower last week and touched a low of 122.54 and remained lower towards the end of the week. Now it is trading above its 20day moving average of 122.76 in the European trading session. The near term bias remains Neutral to Bullish with targets of 123.40

RSI (14), Ultimate Oscillator, ROC indicate a BUY; STOCH (9, 6) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 122.55 while Resistance is at 123.20

22nd June 2015 – 07:25hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
__________________
FxGrow
Growell your Trading
FxGrow Support is offline Broker   Reply With Quote
Old Jun 22, 2015, 11:31am   #29
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread Daily Market Analysis – 22nd June, 2015
By FxGrow Research & Analysis Team

Greece Presents New Reforms Package in Eurozone summit

Click the image to open in full size.

"Greek Prime Minister Alexis Tsipras is meeting heads of the European Commission, European Central Bank and International Monetary Fund on Monday ahead of a summit of Euro zone leaders later in the day aimed at reaching a deal over debt talks" - Reuters.

"The prime minister presented the three leaders Greece's proposal for a mutually beneficial agreement that will give a definitive solution and not a postponement of addressing the problem" - Greece's government.

According to Credit Suisse analysts the most likely outcome of the EU summit is a deal with a 75 percent probability.

“There is no time to lose. Every day counts. Talks and negotiations must continue so that an agreement is reached" - French President Francois Hollande.

“Either Greece declares itself willing for a viable solution or the country must leave the euro. The euro zone could cope with the consequences of a Greek exit” - Hans Michelbach.

“Workers, the unemployed, young people, the Greek people and the rest of the peoples of Europe will send a loud message of resistance to the alleged one-way path of austerity, resistance to the blackmail and scare-mongering” - Syriza party.

Globally investors are awaiting the outcome of the EU summit and a relief rally in the time of crisis. There seems to be some optimism that a last minute solution will be reached. It is a decision day for Greek PM whether he chooses to accept the deal offered by its European creditors and stay in the Euro.

The economy of Greece is in trouble since 2010 when the bailout program started as its economy has declined by quarter while unemployment is at 26 percent.
As Greece is running out of money it will be unable to repay €1.5 billion payment due to the IMF on June 30.

Bank of Japan has kept its monetary policy unchanged as it would continue with its 80 trillion yen annual asset-buying programme to support the growing economy.

"Exports are picking up and capital expenditure is rising moderately as a trend as corporate revenues improve” - Bank of Japan.

In Canada Inflation increased for the month of May to 0.9% mainly led by an increase in food prices. Retail sales in Canada fell by 0.1% to C$42.5 billion in April due to drop in food and electronics.

Crude Oil is trading higher at $60.44 on hopes of a Greek debt deal.

Gold is trading lower in the Europe at 1194.06, while Silver is stable at 16.16

22nd June 2015 – 10:13hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
__________________
FxGrow
Growell your Trading
FxGrow Support is offline Broker   Reply With Quote
Old Jun 23, 2015, 9:22am   #30
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread Daily Technical Analysis – 23rd June, 2015
By FxGrow Research & Analysis Team

EURUSD

Click the image to open in full size.

EURUSD went higher yesterday and crosses 1.1400 but then it came down and remained weak towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.1329 in the European trading session. The near term bias remains Bearish with targets of 1.1200 to 1.1180

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.1271 while Resistance is at 1.1307

23rd June 2015 – 06:53hrs GMT


GBPUSD

Click the image to open in full size.

GBPUSD was lower yesterday and remained weak towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.5810 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5750

RSI (14), STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, ROC, MA100 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5763 while Resistance is at 1.5834

23rd June 2015 – 07:45hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
__________________
FxGrow
Growell your Trading
FxGrow Support is offline Broker   Reply With Quote
Old Jun 23, 2015, 9:25am   #31
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread Daily Technical Analysis – 23rd June, 2015
By FxGrow Research & Analysis Team

AUDUSD

Click the image to open in full size.

AUDUSD was lower yesterday and remained weak towards the end of the trading session. Now the pair is trading just near its 20day moving average of 0.7730 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7680

RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 0.7712 while Resistance is at 0.7760

23rd June 2015 – 07:51hrs GMT


USDJPY

Click the image to open in full size.

USDJPY was lower yesterday and bottomed at 122.55 but then corrected upwards at the end of the trading session. Now it is trading above its 20day moving average of 122.44 in the European trading session. The near term bias remains Neutral to Bullish with targets of 124.10

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 123.32 while Resistance is at 123.75

23rd June 2015 – 07:56hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
__________________
FxGrow
Growell your Trading
FxGrow Support is offline Broker   Reply With Quote
Old Jun 23, 2015, 11:50am   #32
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread Daily Market Analysis – 23rd June, 2015
By FxGrow Research & Analysis Team

Eurozone leaders hopeful of deal in next 48 hours

Click the image to open in full size.

Eurozone leaders have welcomed new proposals for Greek reforms with hopes that a deal can be struck within 48hrs to avoid a Greek default and keep it in the Euro.

Eurozone leaders held an emergency summit in Brussels where they discussed the New Greek proposal which made a significant concession on pension cuts. They said the new proposal looks promising and a deal could be reached in the coming days.

"I am convinced that we will come to a final agreement in the course of this week" - European Commission President Jean-Claude Juncker.

"We have a huge amount of work to do in the next 48 hours. We are not at all at the end of the route" - IMF chief Christine Lagarde.

"The proposals offered by Greece today constitute some progress. However, it became clear during our discussions that there is a lot of work to be done and time is short." - German Chancellor Angela Merkel

“In the case of a wide-ranging and complex event like a Greek default, we fear that market players may not know what they do not know about systemic consequences. Things may break that we do not expect to fail, they may fracture in unexpected ways, and linkages that we never suspected may become both apparent and important" - Carl Weinberg, High Frequency Economics.

"Several thousand pro-European Greeks staged a demonstration in favor of staying in the euro on Monday in central Athens, a day after thousands of leftists had rallied to protest against a new round of cuts" - Reuters.

In Euro zone Purchasing Manager's Index rose to 54.1 for the month of May. In Germany PMI came in at 54 and France PMI was at 53.4

In China HSBC-Markit manufacturing PMI rose to 49.6 for the month of May indicating that business activity contracted for the month.

In New Zealand consumer confidence declined to a 2 year low in the second quarter of the year. The Consumer Confidence Index slid to 113 in the Q2 of the year mainly due to falling diary prices.

Crude Oil is trading lower at $60.19 ahead of the weekly report on US stock of Crude and refined products.

Gold is trading lower in the Europe at 1183.33, while Silver is weak at 15.99

23rd June 2015 – 10:24hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
__________________
FxGrow
Growell your Trading
FxGrow Support is offline Broker   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
IKOFX Daily Market Analysis team.ikofx Forex 218 Apr 16, 2015 2:42am
FXHFT - Daily Market Analysis FXHFT Forex 2 Mar 10, 2015 1:43pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)