Recent content by IFCM

Markets advance as China announces new stimulus measures US stocks advanced on Monday as investors’ confidence was boosted by announcements of new merger deals and dovish remarks by the head of China’s central bank and new policy measures to stimulate China’s housing market. UnitedHealth Group...

Flat continues til Friday Growing unemployment in February has been reported today in the EU. Deflation in March slipped but kept on track, driving the euro down. However, we believe that until the Friday Non-Farm Payrolls the common currency will be traded in a range. A number of important...

Positive EUR/USD mid-term forecast After the 4-day fall American stocks have increased on Friday due to corporate releases. Intel shares rose 6.4% on the report it was going to acquire Altera (+28.4%). EUR/USD didn’t show remarkable movement. Fed chair Janet Yellen stated that low core...

Report on crops At 16:00 CET on Tuesday US Agricultural Service will release a report on crops evaluating wheat and corn reserves at state and private establishments (link). Investors are loking forward to this report because it will forecast future demand and may boost agricultural futures...

Markets tumble as investors take profits on bearish news US stocks tumbled on Wednesday as investors sold off technology and biotech stocks amid worries about expected low earnings in first-quarter earnings season. Profits are forecast to decline for the first time since 2009, and investors...

World markets diverge on better than expected indicators US stocks fell for the second consecutive day on Tuesday as better than expected economic statistics pointed to increased likelihood of interest rate hike. The US consumer-price index rose a 0.2% in February. CPI recorded the first...

Expecting escape from 2-month range Yesterday the data on growing February CPI were released in the US. In theory, it points to increased likelihood of interest rate hike, so the dollar stopped falling. However we do not rule out the downtrend and would like to draw your attention to the...

Markets retreat as dollar declines US stocks edged lower on Monday as the dollar weakened against major currencies. The dollar continued falling after Fed’s statement last week pushed back expectations of interest rate hike as the central bank lowered its forecast of median interest rates to...

Considering buying Corn We would like to draw your attention to the CORN futures H4 chart. In the previous overview we pointed out that increase and decrease were equally probable. Eventually, due to the strengthening dollar, corn quotes declined but now they start growing again. We are...

European stocks pulling back after Friday growth American stocks expanded on Friday with Nasdaq rising to its 15-year strongest. The American dollar has weakened within a short-term neutral range. Nike added 3.7% due to growing quarter sales. Tiffany & Co (luxury goods seller) shares fell 4%...

Soybean: bullish divergence. Let us consider the continuous futures contract of SOYBM meal: H4. Price has approached the upper boundary of bearish channel and has formed the bullish triple bottom figure (marked in yellow) At the same time a bullish divergence is the most remarkable signal...

Fed's dovish statement surprises markets US stocks rallied on Wednesday after the Federal Reserve indicated that the pace of interest rate hikes will be slower than previously expected. The Fed dropped from its statement the reference to being ’patient’ before raising interest rates, but Fed...

Restoring USD/CHF position after retracement Yesterday the Fed Chair Janet Yellen spoke at the Fed meeting where concerns were expressed over the US economy performance that appears to be worsening. Market participants decided that it implies a possible delay in the rate hike. Previously, they...

Markets fall as investors await Fed's decision US stocks retreated on Tuesday as the Federal Open Market Committee two-day meeting got under way. While the S&P 500 and the Dow Jones Industrial Average fell 0.3% and 0.7% respectively, the Nasdaq Composite inched higher 0.2% as Apple gained 1.7%...

Preparing for Fed meeting We would like to focus your attention to the EUR/USD currency pair. The euro has tumbled almost 25% without any significant retracement movements since May 2014. It was caused primarily by two factors. The expected euro printing as a part of the “quantitative easing”...