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Daily Technical & Fundamental Analysis

Daily Analysis | EURUSD | 24 of December

As I have explained in my previous EURUSD coverage, the pair has retraced back to POC but Cup with Handle variant has confirmed a temporary uptrend and price was rejected towards the triangle upper trend line.... (Read more)

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OPEC's forecast for the next 4 years

OPEC in its recent forecasts said about the reduction in oil demand until 2020, this time less significant. Because the supplies are growing and are not going to slow down. The annual forecast of OPEC said that the cartel is going to pump out 30.7 million barrels per day by the end of 2020.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | GOLD | 25 of December

Main global decline on gold started in autumn 2012. Then it became clear that Greece is not going to leave the eurozone. Once the overbought asset became cost critically low, there were appearedgeneral factors on the market: the crisis in commodity markets against the gaining strength dollar under the influence of the Fed and the investors' shift in high-yield instruments (shares).... (Read more)

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US applications for benefits are record low

The US economy is on the rise, and labor market conditions are improving. This is evidenced by downgraded number of applications for unemployment benefits, which are close to minimums of the past 42 years.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 28 of December

There were no any surprises on holidays in Europe and the United States. Today markets opened without supernatural breaks and unforeseen situations. In the UK, Australia and Canada holidays are continuing today. Exchanges in the United States now are working normally, but there are no economic news.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | GBPUSD / DAX | 28 of December

German DAX, top 30 stock index is trading quite nicely to the upside, after we labeled recent three wave correction in black wave 2. That said current price action could be an impulsive wave (i) as we can count five sub-waves in it.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 28 of December

It’s another short week. Today we get the Dallas Fed manufacturing survey. Tomorrow it’s US trade and Case-Shiller (for October). Wednesday it’s NAR pending home sales.... (Read more)

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Economic analysts of the eurozone do not believe ECB speakers

Most economists do not believe that the ECB will increase size of the purchases assets program from 1.46 trillion euros in the next year. Previously, Draghi has repeatedly stated about the intention to consider additional incentives.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 29 of December

During a lull in the financial markets, which is caused by pre-New Year holidays, the main topic of conversation was the Iran and its access to the international oil market. Iran is going to restore oil exports to pre-sanctions volumes and is willing to provide a discount on new supplies.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis | GBPUSD | 29 of December

The GBPUSD pair has been in a strong downtrend. However, profit taking, low liquidity, volatility and other "holiday" spices may turn the table. As I always advised, due to previously mentioned factors, holiday trading should be very limited.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | USDCAD / DAX | 29 of December

Today’s calendar is almost empty for the news from EU, but packed with low and medium importance news in the US like Case Schiller home price index and Consumer confidence for December. Markets are slowing down ahead of the New Year and we don’t expect volatility to return before middle of January in 2016.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 29 of December

Today we get the US trade deficit, Case-Shiller home prices for Oct and consumer confidence. Home prices, despite the huge lag, are probably the most interesting. Bloomberg reports the forecast is a rise of 5.6% y/y, about the same as September (5.45%).... (Read more)

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Weak rise in oil prices against the background of crisis

At the global oil market, we got the long-awaited calm. There is a weak increase in oil prices due to the weather forecast of cold weather in the euro area and the United States, but the old problems (record rates of oil production and reduced demand) continue to weigh on price growth.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 30 of December

On yesterday's trading session, the counter-dollar currencies continued to fall against the backdrop of political stability in Europe and good macroeconomic data from the US. In Spain they still can not form a new government because of the categorical unwillingness of the Socialist Party to form a coalition with any other faction, which in the past supported a referendum on the independence of Catalonia.... (Read more)

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Asian stocks were unable to overcome the pessimistic investors' sentiments

Asian stock market turned downward this morning on the background of investors's excitement because of a new falling for crude oil futures. The aggregate index of Asia-Pacific MSCI, excluding Japan, was unable to sustain a positive start and fell by 0.1%.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 4 of January

The first forecast in the New Year on the GBPUSD and EURUSD. As adopted, investors are hoping for new positive movements, but 2016 may not meet their expectations. For example, it began with collapse of the industrial indexes.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | Crude OIL | 4 of January

On crude oil we are tracking a five wave movement from 51.00 that is still unfolding so we assume that current weakness will extend to low of $33 from year of 2009 and even drop to around $30 psychological level before market may finally turn higher.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 4 of January

We get important US data today—the Dec manufacturing PMI and the ISM manufacturing index—but unless the numbers are shocking, the day will probably be dominated by the China-inspired equity meltdown and worries about oil.... (Read more)

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Tensions between Saudi Arabia and Iran impact on the market

This morning oil rose in price against the background of tense situation between the two largest suppliers of raw materials - Saudi Arabia and Iran. Despite the Asian crisis in industrial sector, as well as the dynamics of shares, oil was able to develop a bullish trend.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 5 of January

Yesterday's trading on the market were active and rapid. Euro managed to change the upward correction to the reducing, at the end of day the single currency closed with a loss of 30 pips. A similar situation was with the British pound, which closed yesterday's trading with a decrease in 20 pips.... (Read more)