Market Analysis

06/04/2014 - 06:05
Asian shares slid, with regional benchmark index retreating from a 7-month high, as investors await a report on US jobs later today and a decision from the ECB on monetary policy tomorrow. Nikkei slid by 0.3%. USD/JPY rose to 102.80. US dollar strengthened to a 1-month high against yen before US reports this week that economists said will show the job market improved last month. AUD/USD spiked to a high just under 0.9300, inspired by a strong Australian Q1 GDP. Economy grew by 1.1% in the...
06/03/2014 - 09:56
Asian stocks rose as concerns about a slowdown in Chinese economy eased. MSCI Asia Pacific Index gained 0.5%. The final reading of a China’s HSBC manufacturing PMI came in at 49.4, missing economist forecasts for 49.7 (reading below 50 indicates contraction). That comes 2 days after a government gauge signaled the fastest growth in 5 months. China’s non-manufacturing purchasing managers’ index rose from 54.8 in April to 55.5 in May. USD/JPY is trading in the 102.35 area after rising by about...
06/02/2014 - 10:58
By Roman Petuchov Weekly. During the past 5 years AUD/USD is forming a Zigzag structure. Within it the pair has completed correction [b]. In the last section we saw the beginning of the new uptrend. Chart. Weekly AUD/USD Daily. The first upward momentum (1) has been fully formed. Now there is construction of a correctional wave (2). Chart. Daily AUD/USD H4. The wave (2) is a complex correction W-X-Y. At the moment we are seeing a decline within the Zigzag Y. The Wave [B], which is a part of...
06/02/2014 - 10:53
By Roman Petuchov Daily. We are seeing the construction of the long uptrend. At the last section its final part – the upward momentum (v) – is forming. Chart. Daily USD/JPYH12. The markup of the impulse mentioned above is shown at the picture. We saw the construction of a very extensive corrective wave IV. Most likely, the construction of the bullish impulse V has already begun. Chart. H12 USD/JPYH4. The pair has formed the first 2 waves, which are a harbinger of the upward movement. This...
06/02/2014 - 10:45
By Roman Petuchov Weekly. The pair continues building the plane wave B. At present, GBP/USD is forming the final part of it – the wave [c]. Chart. Weekly GBP/USD Daily. Layout of the wave [c] is shown at the picture. Now the pair’s forming correction (IV) of [c]. Chart. Daily GBP/USD H4. The fourth wave is a Double Zigzag. Waves W and Y are simple Zigzags. We are seeing the construction of correction [B] of Y. In the near future we can expect growth of pair as part of the pulse (C) of [B] of...
06/02/2014 - 10:35
By Roman Petuchov Weekly. The wave [D], which is part of convergent horizontal triangle, is complete. At the moment we are seeing a decline in the correctional wave [E] of B. Chart. Weekly EUR/USDDaily. We are seeing the construction of the first downward impulse of a new corrective trend. The most important task for the near future is to determine the point of completion of the downward momentum and the beginning of correction. Chart. Daily EUR/USDH4. The wave [1] is fully equipped with...
06/02/2014 - 06:14
Asian stocks rose after a gauge of China’s manufacturing expanded at the fastest pace in 5 months (to 50.8 vs. the forecast of 50.7) and policymakers said they will cut the reserve requirement ratio for some lenders. MSCI Asia Pacific Index gained 0.5%. Nikkei 225 rose by 2% rising to the 8-week high. USD/JPY rose above 102.00. Despite the better Chinese weekend data, AUD/USD fell by about 50 pips to $1.0257 as Australian building approvals contracted by 5.6%, while median dwelling prices for...
05/30/2014 - 12:17
Tatyana Norkine, FBS analyst Daily. The pair continues to decline. During the last week the currency pair dropped to $1.3600, after settling below the strong level of $1.3650. The Ichimoku indicator still shows the strong bearishness of the market, but feels oversold. Together with support at $1.3600, it can trigger corrective recovery in the near future. Chart. Daily EUR/USD H4. At H4 timeframe the Ichimoku indicator is also set negative. Depreciation of the currency pair has only...

Pages