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Market Analysis

08/11/2014 - 09:45
By Elizaveta Belugina During the past week the bulls failed to make a deeper correction up, and EUR/USD set a new 2014 low at $1.3332. The Ichimoku Cloud on H4 was acting as a very good resistance. The second part of the week was consolidative. Even the ECB’s press conference on Thursday went by calmly: there very some intraday spikes, but the day’s trading range wasn’t very wide. Resistance is now in the $1.3410 area and at $1.3450. On the downside target levels remain the same $1.3320, $1....
08/11/2014 - 05:59
By Kira Iukhtenko USD/JPY had a volatile week, extending the decline from the 103.00 resistance and losing almost 150 pips. On Friday the pair hit a weekly low of 101.40. We see that the pair returned into the long-term descending triangle and is testing the upper border of the bullish Ichimoku to the downside. The technical picture turned bearish and we now expect another retest of the 101.00 support in the nearest future. In our view, to return to sustainable growth we need to hear about more...
08/11/2014 - 05:55
By Kira Iukhtenko Cable stayed under bearish pressure on the past week, but slowed the pace of decline. At the beginning of the week the price attempted to recover, inspired by the upbeat service and construction PMIs and rising house prices. However, it’s all not so bright in the UK economy: manufacturing growth is slowing and wage growth remains subdued. Buyers faced resistance at $1.6880 and stepped aside for now. As expected, the Bank of England left monetary policy unchanged on Thursday....
08/06/2014 - 18:20
Main Events to watch on Thursday (Aug. 7) AUD: Employment Change, Unemployment Rate (01:30 GMT) GBP: BoE Policy Announcement (11:00 GMT) EUR: ECB Policy Announcement (11:45 GMT), ECB Press Conference (12:30 GMT) CAD: Building Permits (12:30 GMT), Ivey PMI (14:00 GMT) USD: Unemployment Claims (12:30 GMT) Trade ideas The performance of EUR/USD showed that the bulls remain too weak to make a decent correction up. The pair slid to new minimum of 2014 at $1.3332. Tomorrow is the ECB meeting, and...
08/05/2014 - 14:03
Main events to watch on August 6 (Wednesday) NZD:  Employment Change & Unemployment Rate (22:45 GMT on Tuesday, August 5) EUR: German Factory Orders (06:00 GMT), Italian Prelim GDP (09:00 GMT) GBP: Manufacturing and Industrial Production (8:30 GMT), NIESR GDP Estimate (14:00 GMT) CAD: Trade Balance (12:30 GMT) USD: Trade Balance (12:30 GMT), Crude Oil Inventories (14:00 GMT)   Trade ideas The euro area released some mixed services PMI data today and rather good retail sales. However,...
08/04/2014 - 14:13
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08/01/2014 - 14:57
By Elizaveta Belugina We had a very volatile week. Firstly US dollar strengthened versus the majority of currencies on much better-than-expected GDP growth, but then American currency fell on Friday after NFP was lower than forecast (209K vs. 231K) and unemployment rate increased to 6.2%. The next week еhe market players will be also assessing the US data and continue making assumptions about the Fed. The week will be also marked by the meetings of the central banks – the RBA, the ECB and the...
08/01/2014 - 11:11
Main events to watch on August 1 (Friday): AUD: Chinese Manufacturing PMI (01:00 GMT), Australian PPI (01:30 GMT), Chinese HSBC Final Manufacturing PMI (01:45 GMT) JPY: BOJ Gov Kuroda Speaks (03:00 GMT) GBP: Manufacturing PMI (08:30 GMT) USD: Non-Farm Employment Change & Unemployment Rate (12:30 GMT), ISM Manufacturing PMI (14:00 GMT) Trade ideas Friday will be a volatile day of the volatile week. The FOMC meeting came and went. Some experts say that the Fed was hawkish; some argue that it...

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