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Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 9 of December

Macroeconomic data, released on Tuesday, were not sufficiently confident. Trade balance in France has deteriorated from -3.6 billion euros to -4.6 billion euros. The French state budget increased deficit from EUR -74.5 billion to EUR -76.2 billion.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis | NZDUSD | 9 of December

The NZDUSD has broken some bullish order blocks and surged upwards reaching 0.6790 zone. The move was initiated by a technical break of a previous order block just above inverted head and shoulders neckline.... (Read more)

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A short break in the oil markets

Oil has a little grown in price due to several positive factors: reduction of oil inventories in US, strong economic statistics in Japan, as well as the reduction of import duties in China.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 9 of December

We don’t get any juicy news in the US today, leaving plenty of time to ponder Donald Trump vs. the Constitution. See the Tidbit below. Tomorrow the news includes retail sales, possibly a bummer given the 10% drop in Thanksgiving shopping.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 10 of December

Yesterday, the trade balance in Germany for November showed growth from 19.2 billion euros to 20.8 billion. This value is large enough for Germany.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | DAX / EURUSD | 10 of December

German DAX moved slightly lower in the last 24 hours, more than we expected so decline from 10993 can already be wave (C), final leg of a corrective set-back from 11431.... (Read more)

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New stage of oil restoration?

This week it became known data on the first decline of US oil inventories over the past 11 weeks. Against this background, oil was able to win back some of its positions and raised from minimum of six-year level.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 10 of December

We don’t know how to evaluate turmoil in the oil patch. As noted above, US production will likely fall by 710,000 million bpd by April next year from the peak of 9.60 million bpd in April 2015, but Iran says it intends to make up more than that.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 11 of September

Yesterday's trading in the UK finished with a negative for the pound: at the peak of reducing the pound lost over 70 pips against the US dollar and closed the session with a decrease in 20 pips.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | USDJPY / GOLD | 11 of December

An updated count shows a good interpretation of incomplete bullish cycle if we consider a three wave set-back from November highs. We are looking at wave c) that reached 121.50 swing zone; potential support from where price can turn to the upside.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 14 of December

Macroeconomic data from the US on Friday were released controversial. Against this background, the counter-dollar currencies were able to capture the advantage - probably the US dollar could fall even further, but it is supported by expectations of the Fed meeting. Total retail sales in November showed an increase by 0.2% m/m, but in annual terms decreased to 1.7%.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | GOLD | 14 of December

An overlapping decline since 2013 looks like an ending diagonal pattern. That's a very big and important reversal structure which is telling us that bearish trend can be near completion if we consider that metal already made three needed sub-waves down within a black wave 5.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 14 of December

This week we get Nov CPI, the Treasury’s capital flow report, Nov industrial production and capacity utilization, the Dec Philadelphia Fed index and Nov leading indicators. CPI may be fleetingly interesting since we know gas and heating oil prices are lower. Nothing can take away from the Event, though—the FOMC meeting on Tuesday and Wednesday.... (Read more)

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Four possible rate hikes in the next year

While Fed is preparing for tomorrow's meeting, at which there will discuss a possible rate hike, next year, we can expect from two to four increases. The market is already set in to the first rate increase for over the last ten years.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 15 of December

Yesterday, the news from the United States were absent, the euro was able to use it to strengthen its position due to own positive background. The volume of industrial production in October increased by 0.6% m/m. Also, Mario Draghi yesterday said about the readiness to increase spectrum of the current monetary policy.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | GBPAUD / GBPUSD | 15 of December

GBPUSD is pointing down after decline yesterday to 1.5110 that looks like a first leg of a minimum three wave move down. For now we see only two legs; wave (i)/(a) and (ii)/(b) so more weakness should follow after current bounce to 1.5180 that can be near completion.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 15 of December

Today’s headline data is Nov CPI, expected at 0.3% y/y from 0.2% the month before. Core CPI should be the same 1.9%. (although Bloomberg has 2%). This doesn’t set anyone’s hair on fire but the Fed is expected to announce a hike tomorrow all the same.... (Read more)

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Oil is approaching to $20

Oil prices failed below $35 a barrel on trading in New York, but some countries are already conducting business in conditions of much lower price. Oil from Mexico is now sold for less than $ 28 per barrel, the minimum value in the last 11 years.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 16 of December

All yesterday's trading day was spent in anticipation of today's news, counter-USD currencies declined. Traders immediately closed their positions after the release of good data on the UK and the euro zone, such reaction was caused by the reluctance to take risks before tomorrow's Fed decision on rates.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | DAX / USDJPY | 16 of December

German Dax is in a nice recovery from 10119 level where we think that index might have reached a bottom because of broken channel line. At the same time we see good personality of a bullish impulse that suggests more gains ahead.... (Read more)