Market Analysis

06/20/2014 - 09:49
MSCI Asia Pacific Index slid 0.1%, but Asian shares still hold near the 6-year high. Nikkei is up by 0.1%. US dollar doesn’t feel very confident versus its peers before US data due next week which economists forecast will show manufacturing activity cooled and the economy shrank. USD/JPY slid to 101.80. AUD/USD is trading above $0.9400, below yesterday’s peak at $0.9431. NZD/USD edged up to $0.8720. Gold headed for the longest run of weekly advances since March after rising to a 2-month high,...
06/19/2014 - 11:30
As it was widely expected, the US Federal Reserve cut bond-buying program (QE) by $10 billion for a fifth straight meeting, to $35 billion, keeping it on pace to end the program late this year. Interest rates were left at a record low of 0-0.25%. The Fed repeated that the interest rates will likely remain low for a considerable time after the QE ends. According to the FOMC statement, growth in economic activity has rebounded in recent months and the labor market has shown further improvement....
06/18/2014 - 09:59
USD/JPY rose to 102.30. US dollar held gains versus most of its major peers before the Federal Reserve announces a policy decision today as signs of US economic growth fuel speculation policy makers are moving toward raising interest rates. Asian stocks outside of Japan fell. MSCI Asia Pacific Excluding Japan Index slipped 0.15%, while Japanese Nikkei added about 1%. The Bank of Japan’s minutes showed no major surprises, with members unanimously voting to keep increasing the monetary base at...
06/18/2014 - 08:50
By Elizaveta Belugina The US consumer price index increased 0.4% in May, the biggest advance since February 2013, after climbing 0.3% in April. On the annual basis US inflation is 2.1% vs. 2.0% expected. A pickup in inflation lessens the threat of a prolonged drop in prices that hurts economic growth, giving Fed officials reason to continue to scale back QE program. For American consumers to cope with higher prices US economy needs continued jobs growth and faster wage gains (we’ll closely...
06/17/2014 - 13:34
By Kira Iukhtenko, FBS Despite the strong bullish momentum on the previous week, the $1.70 resistance remains a hard nut to crack for the GBP/USD buyers. The pair spiked at $1.7010 on Monday before returning back below the $1.70 hurdle. UK released lower-than-expected inflation figures today, but the market refused to use the news as a reason for a strong selloff. The pair dipped to $1.6930, but recovered rather quickly. US inflation, on the contrary, came out a bit better than expected, but...
06/17/2014 - 10:22
Most Asian stock markets fell on Tuesday as the deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for riskier assets. China’s stocks fell after foreign direct investment in the country unexpectedly declined. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3%. Japanese Nikkei bucked the trend with rise of a 0.3%, though it was still down on the week so far. USD/JPY is trading on the upside trying to overcome the 102.00 level....
06/16/2014 - 11:29
By Roman Petuchov Weekly. A new rising trend is now being born.  Chart. Weekly AUD/USD Daily. Market formed a small wave (2). If the markup is right, next week we'll see a strong bullish move.  Chart. Daily AUD/USD H4. In the near term we'll see a correction 4 and a rising impulse 5. Chart. H4 AUD/USD  
06/16/2014 - 11:19
By Roman Petuchov Daily. Corrective wave IV continues. It is taking a form of a horizontal triangle. Chart. Daily USD/JPYH12. The market started a decline in a new corrective wave [e]. Chart. H12 USD/JPYH4. Impulse (С) of [e] is currenctly being formed. Next week the market may extend the downside, but the new rising trend could start anytime soon. We would recommend you staying out of the market for a while. End of the wave IVwill be a risky time to enter the trade.  Chart. H4 USD/JPY  

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