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Daily Technical & Fundamental Analysis

Daily Analysis | EURUSD PRE FOMC bi-directional channel | 16 of December

As I have already explained in the article and my last EURUSD analysis the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last Session Recap webinar provided a 100 pip+ rejection as we saw the perfect drop from 1.1050 zone.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 16 of December

You might not know it from the headlines, but we do get some US data today, including housing starts. The Reuters survey gets a forecast of 1.135 million (annual pace) from 1.135 million in Nov and 1.060 million units in Oct.... (Read more)

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OPEC is not afraid of US exports

The US government will soon remove a long embargo on oil export, thereby allowing the world's largest producer of oil and gas raw materials to sell their goods to other countries.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 17 of December

Until the announcement of results of the Fed's benchmark interest rate, "competitors" of the US dollar declined under pressure of their own weak indicators, as well as some positive news from the US.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis | GBPUSD | 17 of December

The GBPUSD failed to make a sustained move higher after a good UK data which indicates that the bearish trend is intact and that there are interests to sell the pair on rallies.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 17 of December

We did not get turmoil and volatility in any market on the Fed release, from which many commentators deduce that the porridge was not too hot and not too cold but just right.... (Read more)

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Federal Reserve plans for 2016

At yesterday's meeting the Federal Reserve raised interest rates for the first time in almost ten years. At a subsequent press conference, Janet Yellen spoke in a restrained tone, and she had promised a gradual policy tightening in future.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 18 of December

German Ifo Business Climate in December decreased from 109.0 to 108.7 against the expected growth to 109.2. Trade balance in Italy has doubled: 4.81 billion against 2.19 billion in September.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | NZDJPY / USD Index | 18 of December

We look at NZDJPY as potential candidate for longs in risk-on mode. An updated count of this pair still looks interesting. I see a triangle that can be in final stages, so wave E may look for a support near 80.40-80.90.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 18 of December

We do not get any interesting releases in the US today, leaving Canada to run the show with November CPI. It’s expected to be a rise and a big one (core CPI at 2.3%, according to Reuters), which gives the BoC a headache because growth is tepid at best.... (Read more)

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Oil is cheaper the third consecutive week

Oil prices are reducing a third consecutive week amid rising global inventories and the Federal Reserve raising interest rates. These factors are increasing the pressure on oil and thereby pushing traders to buy new put options.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 21 of December

Last Friday, the market spent its trading relatively quiet, traders did not show high activity before the release of important news next week. Balance of Payments of the ECB in October showed a decline from 30.1 billion euros to 20.4 billion euros. The index of business activity in the US service sector in December showed a decline from 56.1 to 53.7.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | GBPUSD / GOLD | 21 of December

GBPUSD is very slow for the last few sessions which looks like a corrective pattern, probably a triangle based on latest price data. If we are correct, then new lows will follow soon down into wave 5 that can be looking for 1.4800-1.4830 this week.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 22 of December

Yesterday's growth of the euro by 50 points is due to victory of the People's Party in parliamentary elections in Spain. Prime Minister Mariano Rajoy and his party got 122 seats in Parliament. The second place was taken by the Socialist Party, which got 91 seats in Parliament.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 22 of December

We get some fresh data today but probably not earth-shaking. The GDP revision at 8:30 am ET is expected to be pared down to 1.9% from 2.1% last month. Existing home sales (Nov) are probably steady after a 3.4% dip in October.... (Read more)

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Oil is rising again

Despite the increase in price on oil from multi-year low, which is connected with the winter increased demand, experts do not advise to wait for a global price increase in the next year.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 23 of December

At the last trading, news from the UK and the euro zone released with a divergence in macroeconomic indicators. This was reflected in exchange rates: the euro at the end of trading session added 42 points, the pound, by contrast, fell against the "American" by 56 points. GfK Consumer Climate in Germany showed growth in January, from 9.3 to 9.4.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis | USDJPY | 23 of December

Latest comments from FED members pushed the pair to the upside again re-aligning technical with fundamental analysis. As I have already explained couple of times with EURUSD analysis selling the rallies is the valid option while buying the dips with USDJPY is valid option too.... (Read more)

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US crude reserves are declining

Oil prices are still close to 11-year low, as the supply exceeds demand. However, against the background of an unexpected decrease of US oil inventories, we see a short-term rise in prices of raw materials.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 24 of December

Yesterday's news on the UK allowed to the pound sterling to rise by more than 40 pips. Despite the fact that final data on changes in GDP showed a decline from 0.5% to 0.4% in the third quarter, as well as a decline to 2.1% in annual terms, however, the balance of payments was able to remain at the same level of -17,5 billion pounds against the expected decline to -21,3 billion... (Read more)