Author Topic: Daily Market Analysis from ForexMart  (Read 59190 times)

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AndreaForexMart

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Re: Daily Market Analysis from ForexMart
« Reply #630 on: Mar 07, 2018, 03:47 PM »
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EUR/USD Fundamental Analysis: March 6, 2018
The EUR/USD pair constantly trading in a strong manner as it moves away from the election results in Italy. The focus remains to be on the dollar weakening felt across the markets. It is somewhat surprising for those who expected that the Italian election will bring an impact towards the euro area but the results of further led concerns of the EU leaders.
Italy is the third biggest economy in the European region and the election results indicate the increasing anti-establishment votes. This event is common from all over the countries especially from the United States to Asia. Hence, this should be one of the main concerns of the Euro officials since this kind of trend may grow continually which could hurt the euro and its existence in the following years. However, this does not necessarily mean that the euro is free from any burden while traders appear to be happy about the maintained current situation. This the reason behind the move of the euro/dollar pair through the 1.2350 level as of this writing
Ultimately, there are no important economic news or data from the EU or the US for this day but this reflects some ranging and consolidation in the near-term. Also, the markets anticipate further set of data in the second half of the week from the United States, indicating a short-term trend for the greenbacks.
Andrea ForexMart, Official Representative
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AndreaForexMart

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Re: Daily Market Analysis from ForexMart
« Reply #631 on: Mar 09, 2018, 03:45 PM »
EUR/USD Technical Analysis: March 9, 2018
The euro paired with the dollar had whipsawed yesterday and pulled lower after the monetary policy meeting of the ECB. The focus of the meeting was back again about removing the easing bias. The European Central Bank (ECB) decided to kept the interest rates unchanged and further confirmed the timeline of the Quantitative Easing (QE) until the end of September. Moreover, the unemployment claims edged higher from its 48-year low over the past 24 hours. But the US labor market remained tight to support the American currency.
The EUR/USD pair moved downwards and formed a triple top followed by a head and shoulder reversal pattern. The resistance entered the 1.2446 region which is close to its March highs, while the support touched the 1.2308 level around the 10-day moving average. The momentum had a reversal and approached the negative territory. The MACD index showed a crossover sell signal as well as the fast stochastic indicator. As of this writing, the MACD histogram prints in the red with a descending sloping momentum which reflects lower prices.


Andrea ForexMart, Official Representative
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AndreaForexMart

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Re: Daily Market Analysis from ForexMart
« Reply #632 on: Mar 22, 2018, 09:23 AM »
GBP/USD Fundamental Analysis: March 21, 2018
The British pound against the U.S. dollar had a downward correction due to the pressure from the dollar which has been strengthening across markets yesterday. The pair positions just over the area of 1.40 and there seems to be no threat for the bulls but it is still uncertain who will lead the trend.
There will be high volatility in the market with the expectation of the FOMC rate announcement which would then be followed by a press conference. It is highly anticipated that the Fed will raise their rates for the first time, which is highly possible. However, we cannot be certain if the market expectations of a hawkish decision would be met, which the market bulls area also hoping for.
However, if the greenback weakens, this would come about just for a short period with the incoming data to dominate the market and boost the dollar. For tomorrow, we have the BOE meeting to look forward to but it is yet to be known if this will have a hawkish tone, in consideration of the Brexit talks in the past few weeks. If this happens, traders should expect for volatility.
Considering all this, traders are suggested not to presume any outcome or direction and trade deciding on the how the situation presents. It is best to wait for the markets to settle down then decide later on when the market has stabilized. For today, the FOMC meeting will be the center of attention that could result in consolidation in the market.
Andrea ForexMart, Official Representative
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Re: Daily Market Analysis from ForexMart
« Reply #633 on: Apr 17, 2018, 10:54 AM »
EUR/USD Fundamental Analysis: April 16, 2018
Missile launch directed to the specific target in Syria from the U.S. and their allies although the effect is not that big impact. Last week, there are topics regarding the possibility of a war between the U.S. and Syria. The situation is worsening that resulted in choppiness in the market.
A lot of investors has become anxious because of choppiness and the market has become more appealing. Hence, the trend was seen to have consolidated and trades in a range. The attacks over the weekend were said to be from the United States. On a lighter note, this is just for short-term which happened one time that cooled down concerns about a war. This has largely calmed down the market that is reflected in the market in the present condition.
Euro has been trading in a range for a number of weeks already and the tendency to break out in any direction is not clearly visible at this time. Although, there are breakout attempts on either side but did not come out with anything due to uncertainties caused by various factors including the area of Syria, the trade war between China and the U.S. as well as, the QE program.
For today, the retail sales data from the U.S. is unexpected to be released today as the first day of the week. Nonetheless, there is a slow data for today. Excluding the geopolitics concern, this data is anticipated to be more appealing that could initiate the trend for short-term.

Andrea ForexMart, Official Representative
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AndreaForexMart

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Re: Daily Market Analysis from ForexMart
« Reply #634 on: May 18, 2018, 02:46 PM »
EUR/USD Technical Analysis: May 17, 2018
The U.S. dollar moved along against the Canadian dollar on Wednesday but slid down following the release of a lower inventory data that came out during the day. This is favorable for the Canadian dollar but there are factors in play for long-term.
The result went for a bullish sentiment for oil, as well as, the Canadian dollar. It dropped as low as 1.2770 at the beginning, prior to a rebound. There is also an important support found just below the level of 1.2750. Thus, I anticipate for bounce off since there is more interest on the interest rate differential more than anything else just below 1.2450 handle as of the moment. Indeed, loonies can be used as a proxy in the oil market which is likely to persist but the headline is no focus on the 10-year interest rates in America.
 
The rate hike attracts more demand for the greenback, which will then lead to a higher exchange rate, especially since the economy is cooling down. Interest rates are likely to rise higher soon. Actually, the oil market is one of the factors that support the loonies. If this is reversed, it will rally to the upper region. We should expect some bounce later on, which would open buying opportunity, especially when the 10-year interest rates in the U.S. break higher than the 3.06% level, which is an indicator that more investors are looking out for. Shorting this pair may not be possible until it reaches a fresh new low.
Andrea ForexMart, Official Representative
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