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World Wide invest Daily Chart analyis

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  • EUR/JPY Daily Outlook

    EUR/JPY Daily Outlook

    Daily Pivots: (S1) 133.33; (P) 133.74; (R1) 134.27; More... At this point, intraday bias remains on the upside for further rally. Firm break of 134.20 fibonacci level will pave the way to 141.04 resistance next. On the downside, below 132.94 minor support will turn intraday bias neutral and bring consolidations. But firm break of 131.39 resistance turned support is needed to be the first sign of near term reversal. Otherwise, outlook will remain bullish in case of retreat. In the bigger picture, current rise from 1...
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  • Canadian Dollar Dips, Manufacturing Sales Next

    Canadian Dollar Dips, Manufacturing Sales Next

    The Canadian dollar has posted considerable looses on Wednesday. Currently, USD/CAD is trading slightly below the 1.35 line. On the release front, Canada will publish Manufacturing Sales, with the markets braced for a decline of 0.2%. The US will release PPI, with the key inflation index expected to remain unchanged at 0.3%. On Thursday, there are a host of major US events, led by CPI. As well, Fed chair Janet Yellen will testify before the Congressional Joint Economic Committee. As the markets brush off t...
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  • Is Natural Gas Experiencing a Capitulation Low?

    Is Natural Gas Experiencing a Capitulation Low?

    Nearby Natural Gas has been in what looks like a free-fall capitulation for the last four sessions, and, in fact, has plunged to test its April 2012 low at 1.90 in overnight action prior to recovering to 2.07 in pre-market action. With the Nov contract expiring tomorrow afternoon, but considering the near $0.30 premium of the soon-to-be front-month December contract, it is very risky to enter long positions in Natural Gas at this time. Although the huge short position in Natural Gas is ripe for some serious short-cover...
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  • EURUSD at Make it or Break It Levels

    EURUSD at Make it or Break It Levels

    Key Highlights

    • Euro managed to trade higher against the US Dollar despite all odds and approaching the last swing high.
    • There is a major channel pattern formed on the 4-hours chart of EURUSD, which may act as a catalyst for the next move.
    • Spanish Industrial Output will be released by the National Institute of Statistics today, which is forecasted to increase by 3.8% in November 2015.
    • In Australian earlier today, the ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) posted a decline of 0.1% in Decemb
    ...
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  • South Africa's inflation accelerates, US data eyed

    South Africa's inflation accelerates, US data eyed

    Forex News and Events

    South Africa’s inflation off the target band (by Arnaud Masset)
    According to the latest CPI report from South Africa, inflation accelerated substantially during the month of January. After having accelerated to 5.2%y/y in December, headline CPI broke the upper band of the target range (3%-6%) as it surged 6.2% in January, beating median forecast of 6.0%. The constant pressure on the rand together with the sharp increase in food prices, mainly due to a worsening drought, have exacerbated inflationary fears as both the economic and inflation outlook have deteriorated further over the past few months. Unfortunately for Governor Kganyago, the weakness of the domestic situation coupled with the global risk-off sentiment will put the SARB in a tough situation. The South African Reserve Bank has already increased its benchmark interest rate by 0.50% to 6.75% in late January in an attempt to re-anchor inflation expectations. However, given these exceptional market circumstances, the SARB will have no choice but to proceed with another rate hike at its next meeting in mid-March. This morning, USD/ZAR was treading water at around 15.80 as the pair tested the support lying at around 15.88 (50dma), ahead of the retails sales data due later this morning.
    Markets too optimistic on housing starts (by Yann Quelenn) Housing starts and building permits are on today’s calendar. Economists forecast an increase of 2% m/m of new constructions increasing from the December data where new housing declined by 2.5%. However, building permits are expected to decrease by 0.3% m/m. It is important to notice that the current housing starts number is well below the allowed building permits data which reflects the continuing weakness of the U.S. economy. Yet, markets have priced that January will be the tenth straight month that housing starts are above a million units. Also of note is that better labour markets as well as a growing trend in wages should normally boost housi...
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  • AUDUSD Breaks Down ahead of Aussie Jobs Data

    AUDUSD Breaks Down ahead of Aussie Jobs Data

    When it comes to stubbornness nothing comes close to the AUD/USD. Up until the end of last week, it was neither the buyers nor the sellers who had been able to make a meaningful breakthrough in terms of pushing the unit in one or the other direction since the summer. But on Friday, the sellers finally won the battle. Like all the other major pairs and most buck-denominated commodities, the Aussie finally cracked under pressure from the US dollar. The latter has been surging higher ever since Donald Trump won the...
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  • Month End Mayhem

    Month End Mayhem

    Month End Mayhem
    OPEC dumbfounded cynics overnight by agreeing to a targeted production cut that comes at the lower end of the pre-Vienna discussed ranges, delivering a production cut of ~1.2mn barrels per day to 32.5mn, effective January 1 for at least six months.
    While WTI failed to bounce into the OPEC perceived Goldilocks $50-60 per barrel ranges, the cut none the less pressured US Treasury yields higher on heightened inflationary expectations and coupled with stellar US economic data lit a fire under the USD.
    Japanese Yen In the Currency markets, month end mayhem and extremely buoyant US economic data ...
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  • Mid-Day Report: Yen Weakens Broadly on Talk of Global Reflation

    Mid-Day Report: Yen Weakens Broadly on Talk of Global Reflation

    Yen weakens broadly today on talks that surging oil price could spur reflation in the global economy. Meanwhile, treasury yields also open higher with 10 year yield breaching 2.5 handle in initial trading. USD/JPY jumps to 10 month high at 116.11. However, the greenback weakens against other major currencies as markets prepare for FOMC meeting later in the week. Elsewhere, Canadian Dollar was boosted by surge in oil prices on new about production cut by non-OPEC countries. But the Lonnie is overtaken by Sterling and other commodity currencies. Markets could stay generally cautious with a busy calendar for the week ahead. Crude oil prices rallied as non-OPEC producers announced over the weekend that they would coordinate with OPEC member in production cut. Russia, along with ten other non-OPEC countries including Mexico, Oman and Azerbaijan, agreed to lower total output by -0...
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  • Canadian Dollar Quiet in Thin Holiday Trade, CB Consumer Confidence Next

    The Canadian dollar is almost unchanged in the Tuesday session, with USD/CAD trading at 1.3540. There are no Canadian events on the schedule, as markets are closed for Boxing Day. In the US, today's highlight is CB Consumer Confidence, with the indicator expected to climb to 108.9 points. On Wednesday, the US releases Pending Home Sales, with the markets anticipating a strong gain of 0.6%. Canadian GDP in October was a disappointment, with a decline of 0.3%. This missed the forecast of +0.1%, marking the first contr...
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  • AUD/USD Daily Outlook

    AUD/USD Daily Outlook

    Daily Pivots: (S1) 0.7976; (P) 0.8039; (R1) 0.8093; More... AUD/USD is still engaging in choppy corrective trading in range of 0.7807/8124. Intraday bias remains neutral first. Another fall cannot be ruled out. But still, with 0.7807 support intact, near term outlook stays bearish and another rise is expected. Break of 0.8124 will turn bias to the upside and target 100% projection of 0.6826 to 0.7833 from 0.7328 at 0.8335 next. However, considering bearish divergence condition in 4 hour MACD, firm break of 0.780...
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