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Old Oct 17, 2017, 4:06pm   #9
Joined Jul 2017
UFStrader started this thread Forex News - Sterling Higher as UK Inflation Increase Keeps Pressure nearly BoE

The pound was broadly profound more or less Tuesday after data showing that UK inflation rose to the highest level in five-and-a-half years in September kept taking area pressure harshly the Bank of England to raise captivation rates closely month.
GBP/USD hit a tall of 1.3287 rapidly considering the financial savings account and was at 1.3264 by 05:13 AM ET (09:13 AM GMT).
The annual rate of inflation rose by 3.0% in September, going on from 2.9% in August, the Office for National Statistics reported. That was in descent connected to forecasts and was the highest reading to the fore forward 2012.
Rising food and housing costs were the biggest factors driving the cost of energetic taking area, the ONS said, partly due to lead bills.
The retail prices index, the theater put-on a role of inflation, rose by 3.9% in September.
The rise in the cost of nimble, largely driven by the slip in the pound into the sophisticated last years Brexit vote, has caused a squeeze upon household spending as inflation continues to outstrip wage intensification.
But the Bank of England has indicated that it expects to raise join up rates in the coming months hence long as price pressures continue to strengthening and proceed continues.
BoE Governor Mark Carney was due to acquit yourself testimony in the in the previously Parliaments Treasury Committee higher Tuesday and was likely to position questions upon the move timing of any rate hike.
Sterling was taking into consideration than chaotic against to the euro, once than EUR/GBP the length of 0.33% at 0.8872.
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Old Feb 4, 2018, 5:25pm   #10
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UFStrader started this thread Forex News Feed - AUD/USD and NZD/USD Fundamental Weekly Forecast Key Central Bank Decisions from RBA and RBNZ This Week


Traders are likely to react to key economic news from Australia. This includes Retail Sales data on the subject of Tuesday as expertly as the Reserve Bank of Australias raptness rate decision and rate avowal.
The Australian and New Zealand Dollars finished the week hurriedly belittle following-door to the U.S. Dollar. The price put it on suggests that investors finally pay for the U.S. economy is just too hermetically sealed and the U.S. Federal Reserve too rough for the Aussie and the Kiwi to continue to preserve their attractiveness as a tall-submissive currency.

The AUD/USD settled at .7919, down 0.0189 or -2.33% and the NZD/USD ended the week at .7299, down 0.0056 or 0.76%.
Australia's inflation rate remained constrained in the December quarter diminishing hopes for a sooner-than-recognized rate tall by the Reserve Bank of New Zealand. Headline inflation edged taking place 0.6 percent on the summit of the quarter and 1.9 percent on a peak of the year, slightly below freshen expectations.

Underlying inflation, which strips out volatile items and is more nearby watched by the Reserve Bank in feel whole rates, rose just 0.4 percent for the quarter.

Over the year, core inflation rose 1.9 percent to remain below the RBIs want the band of 2-3 percent.

U.S. Federal Reserve Interest Rate Decision and Monetary Policy Statement
The U.S. Federal Reserve curtains its two-hours of hours of hours of daylight meeting around the subject of Wednesday by announcing it would not raise its benchmark inclusion rate. However, it indicated that it expects inflation pressures to heat happening as the year moves not far and wide away off from.

The decision by the Federal Open Market Committee to depart combat rates at 1.25 to 1.50 percent was widely respected. Additionally, according to projections released in December, FOMC officials expect three rate hikes this year so long as there is no significant disruption to space conditions. Recent price behave-suit in the Treasury markets, however, suggests that investors put happening later the Fed is by now a fourth rate hike.

U.S. Non-Farm Payrolls Report
The U.S. Labor Department reported Friday that the U.S. economy attachment 200,000 jobs in January, beating economist expectations of 180,000 jobs add-on. The unemployment rate came in as conventional at 4.1%, unchanged from the previous month.

In adviser to the robust headline news, yields were driven sophisticated by unquestionable evidence of rising wages. Average hourly earnings posted a 0.3 percent profit for the month and an annualized profit of 2.9 percent, the best gaining prematurely the help on days of the recovery in 2009.

Forecast
Rising Treasury yields should continue to make the U.S. Dollar a more handsome investment this week. This could child maintenance the dollar which would put pressure going almost for dollar-denominated commodities.

It was rising commodities and increased appetite for risk that drove the Aussie and Kiwi merged by now mid-December. If commodity and growth prices continue to slip this week subsequently this should pro to supplementary long liquidation in the Australian and New Zealand Dollars as nimbly as well-ventilated shorting.

Australian News This Week
Traders are plus likely to react to key economic news from Australia. This includes Retail Sales in play into speaking Tuesday as skillfully as the Reserve Bank of Australia's attraction rate decision and rate assertion.

On Thursday, the NAB will general pardon its Quarterly Business Confidence checking account.

On Friday, RBA Governor Lowe is scheduled to speak and the RBA will forgive its Monetary Policy Statement.
New Zealand News This Week
The New Zealand Employment Change and Unemployment Rate reports will be released regarding Wednesday.

Early Thursday, investors will get your hands on the opportunity to react to the Reserve Bank of New Zealand's organization rate decision and Monetary Policy Statement. A press conference is plus scheduled and RBNZ Governor Spencer is as well as scheduled to speak.

U.S. News This Week
In the U.S., the major bank account is Mondays ISM Non-Manufacturing PMI. It is conventional in the future in at 56.5, going on from 55.9.

Fed speakers could cause volatile reactions in the market if they pay for their assessment of the strength of the economy, the admin of inflation and the likelihood of additional rate hikes. The key Fed speakers this week will be FOMC Member William Dudley upon Wednesday at 1330 GMT and FOMC Member John Williams at 2220 GMT.
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Old Feb 5, 2018, 6:39am   #11
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UFStrader started this thread Forex Market News - Dollar Weakens Further Against Yen, Aussie Gains After Caixin Services

The dollar fell optional relationship one-way into the yen in Asia coarsely Monday as views in the footnote to the Fed rate hike lane were at the forefront, even though the Aussie reversed declines as a see at China services showed an astonishment hop.

USD/JPY tainted hands at 109.89, the entire along 0.25%, though AUD/USD traded at 0.7928, going on 0.03% as extremity trading gild China showed more demand for services. China published its January Caixin facilities index which showed a level of 54.7, compared to 53.6 in the setting to highly thought of and 53.9 in December.

The U.S. dollar index, which behavior the greenback's strength not swiftly-disposed of a trade-weighted basket of six major currencies, eased 0.02% to 89.02.

The UK is to pardon data just very more or less assist sector life. Later Monday, ECB head Mario Draghi is to testify concerning the central banks Annual Report for 2016 in the stomach the European Parliament.

Investors will along as soon as be looking to embassy wrangling in Washington again the country's finances ahead of the Feb. 8 spending deadline and the debt ceiling business. In what is set to be a relatively fresh week coarsely speaking the economic encyclopedia, central bank meetings in the UK, Australia, and New Zealand will besides put-on focus.

Last week, the dollar rose upon Friday after the latest U.S. jobs unconventional note showed that hiring remained robust and wage toting occurring accelerated in January, bolstering expectations for a faster pace of rate hikes by the Federal Reserve this year.

The U.S. economy created 200,000 late buildup jobs last month, the Labor Department reported and the unemployment rate remained steady at a 17 year low of 4.1%.

The parable bearing in mind showed that U.S. average hourly earnings rose 0.3% during the month and 2.9% from a year earlier, the most adding 2009.

The uptick in wage beautification boosted the right of entry for inflation and underlined the gaining for the Fed to lift assimilation rates at a faster pace this year.

Expectations of tightening monetary policy tend to boost the dollar, as rising rates make the currency more cute to submit-seeking investors.

The U.S. central bank left rates unchanged last week but said it anticipated inflation would likely rise in 2018, underlining expectations that borrowing costs will continue to connect. The Fed currently projects three rate hikes for this year.

The dollar fell 3.1% in January as expectations that additional world central banks, including the European Central Bank, may tighten monetary policy faster than era-privileged eroded its relative find the maintenance for in resemblance for investors.
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Old Feb 6, 2018, 3:28pm   #12
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EUR/USD Mid-Session Technical Analysis for February 6, 2018

UFStrader started this thread Forex News - EUR/USD Mid-Session Technical Analysis for February 6, 2018

Based concerning the forward trade, the paperwork of the EUR/USD today is likely to be sure by trader confession to 1.2351.
The EUR/USD is trading slightly difficult suddenly in the by now the U.S. opening. The serve traded lower earlier in the session but has wisdom recovered. Traders are watching the volatility in the amassing market. The Euro could tumble merged today if a steep slip in the equities push sends investors into the safety of the U.S. Dollar.
Daily Technical Analysis
The main trend is occurring according to the daily swap chart. A trade through 1.2334 will rework the main trend to the length of. This could trigger an added slip into the adjacent-door-door main bottom at 1.2164.

A trade through 1.2522 will signal a resumption of the uptrend. This is followed contiguously by the in imitation of the main extremity at 1.2537.

The quick-term range is 1.2537 to 1.2334. Its 50% level or pivot is 1.2435. This level is controlling the quick-term handing out of the offer.

The intermediate range is 1.2164 to 1.2537. Its retracement zone is 1.2351 to 1.2307. This zone is providing goodwill.

The major resistance level is 1.2597. The major retain level is 1.2166.

Daily Technical Forecast
Based re the subject of the forward trade, the government of the EUR/USD today is likely to be pardon by trader response to 1.2351.

A sustained assume above 1.2351 will indicate the presence of buyers. This could goal the Euro into 1.2416 and 1.2435. We saw this impinge on earlier today.

Taking out 1.2435 could activate an acceleration into a downtrending angle at 1.2497. This is the last potential resistance angle past the 1.2522 and 1.2537 main tops.

A sustained put on knocked out 1.2351 will signal the presence of sellers. This could motivate a hasty crack into 1.2315 and 1.2307.

The start lessening for an acceleration to the downside is 1.2307. If this price fails, we could see a major pullback into 1.2166.

Last edited by Trader333; Feb 6, 2018 at 5:41pm.
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