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Daily News By Xtreamforex

Discussion in 'General Trading and Investment Discussions' started by xtreamforex, Mar 13, 2019.

  1. xtreamforex New Member

    Technical Overview of GBP/USD,
    EUR/USD and USD/CAD Currency Pairs

    GBP USD


    The GBP traded higher against the USD and closed at 1.3068.

    Overnight, it was another loss for UK Prime Minister May which now means lawmakers are likely to push for a delay to the 29 March deadline. However, 149-vote loss sets the bar seriously high for Theresa May to turn the tables around.

    Spring Forecast Statement is a statement made annually by HM Treasury to Parliament upon publication of economic forecasts.

    The statement features analysis of the economic situation in the UK and in the world, describes economic outlooks and provides previews of the government budget for the next year.

    The event has a short-term impact on financial markets depending on the HM Treasury rhetoric. Positive outlooks have a positive impact on the pound sterling.

    According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.29535, and a fall through could take it to the next support level of 1.28386. The pair is expected to find its first resistance at 1.32341, and a rise through could take it to the next resistance level of 1.33998.

    Previous Day range was 280.6 and Current Day Range is 30.6.

    EUR USD


    The EUR traded lower against the USD and closed at 1.1287.


    The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

    The pair is expected to find support at 1.12530, and a fall through could take it to the next support level of 1.12185. The pair is expected to find its first resistance at 1.13133, and a rise through could take it to the next resistance level of 1.13391.

    EUR USD previous Day range was 60.3 and Current Day Range is 6.8.


    USD CAD

    The USD traded little higher against CAD and closed at 1.3353.


    Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.

    The index allows forecasting future production volumes in the short term.
    The value growth can have a positive effect on dollar quotes.
    According to the analysis, pair is expected to find support at 1.33307, and a fall through could take it to the next support level of 1.33089. The pair is expected to find its first resistance at 1.33957, and a rise through could take it to the next resistance level of 1.34389.

    USD CAD previous day range was 65 and current day range is 21.1.
  2. xtreamforex New Member

    Technical Overview of AUD/USD,
    USD/JPY and NZD/USD Currency Pairs

    AUD USD


    The AUD traded lower against the USD and closed at 0.7111.


    Decisions regarding this interest rate are made by the Reserve Bank Board, and are explained in a media release which announces the decision at 2.30 pm after each Board meeting.

    RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

    According to the Analysis, The pair is expected to find support at 0.70994, and a fall through could take it to the next support level of 0.70874. The pair is expected to find its first resistance at 0.71275, and a rise through could take it to the next resistance level of 0.71436.

    Previous Day range was 28.1 and Current Day Range is 47.5.


    USD JPY


    The USD traded higher against the JPY and closed at 111.342.


    The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

    The pair is expected to find support at 110.967, and a fall through could take it to the next support level of 110.593. The pair is expected to find its first resistance at 111.577, and a rise through could take it to the next resistance level of 111.813.

    USD JPY previous Day range was 6100 and Current Day Range is 1640.

    NZD USD

    The NZD traded lower against USD and closed at 0.6805.


    According to the analysis, pair is expected to find support at 0.67931, and a fall through could take it to the next support level of 0.67815. The pair is expected to find its first resistance at 0.68267, and a rise through could take it to the next resistance level of 0.68487.

    NZD USD previous day range was 33.6 and current day range is 27.5.
  3. xtreamforex New Member

    Technical Overview of USD/CHF,
    AUD/USD and USD/JPY Currency Pairs

    USD CHF


    The USD traded lower against the CHF and closed at 0.9981.


    Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

    The indicator growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 0.99606, and a fall through could take it to the next support level of 0.99400. The pair is expected to find its first resistance at 0.99946, and a rise through could take it to the next resistance level of 1.00080.

    Previous Day range was 34 and Current Day Range is 16.6.


    AUD USD


    The AUD traded higher against the USD and closed at 0.7112.


    The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

    The pair is expected to find support at 0.70675, and a fall through could take it to the next support level of 0.70231. The pair is expected to find its first resistance at 0.71428, and a rise through could take it to the next resistance level of 0.71737.

    AUD USD previous Day range was 75.3 and Current Day Range is 17.8.

    USD JPY

    The USD traded lower against JPY and closed at 111.482.


    According to the analysis, pair is expected to find support at 111.271, and a fall through could take it to the next support level of 111.060. The pair is expected to find its first resistance at 111.632, and a rise through could take it to the next resistance level of 111.782.

    USD JPY previous day range was 3610 and current day range is 1630.
  4. xtreamforex New Member

    Technical Overview of EUR/USD,
    NZD/USD and GBP/USD Currency Pairs

    EUR USD


    The EUR traded higher against the USD and closed at 1.122.


    Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

    The indicator growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.12015, and a fall through could take it to the next support level of 1.11832. The pair is expected to find its first resistance at 1.12427, and a rise through could take it to the next resistance level of 1.12656.

    Previous Day range was 41.2 and Current Day Range is 11.6.


    NZD USD


    The NZD traded higher against the USD and closed at 0.6752.


    The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

    The pair is expected to find support at 0.67336, and a fall through could take it to the next support level of 0.67150. The pair is expected to find its first resistance at 0.67850, and a rise through could take it to the next resistance level of 0.68178.

    NZD USD previous Day range was 51.4 and Current Day Range is 15.1.

    GBP USD

    The GBP traded higher against USD and closed at 1.3071.


    According to the analysis, pair is expected to find support at 1.30236, and a fall through could take it to the next support level of 1.29759. The pair is expected to find its first resistance at 1.31539, and a rise through could take it to the next resistance level of 1.32365.

    GBP USD previous day range was 130.3 and current day range is 23.5.
  5. xtreamforex New Member

    Technical Overview of EUR/USD,
    GBP/USD and AUD/USD Currency Pairs

    EUR USD


    The EUR traded higher against the USD and closed at 1.1298.


    The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).

    According to the Analysis, The pair is expected to find support at 1.12584, and a fall through could take it to the next support level of 1.12189. The pair is expected to find its first resistance at 1.13304, and a rise through could take it to the next resistance level of 1.13629.

    Previous Day range was 72 and Current Day Range is 15.


    GBP USD


    The GBP traded higher against the USD and closed at 1.3071.


    The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

    The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

    The pair is expected to find support at 1.30368, and a fall through could take it to the next support level of 1.30023. The pair is expected to find its first resistance at 1.31180, and a rise through could take it to the next resistance level of 1.31647.

    GBP USD previous Day range was 81.2 and Current Day Range is 32.2.

    AUD USD

    The AUD traded higher against USD and closed at 0.7171.


    The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

    According to the analysis, pair is expected to find support at 0.71273, and a fall through could take it to the next support level of 0.70835. The pair is expected to find its first resistance at 0.72035, and a rise through could take it to the next resistance level of 0.72359.

    AUD USD previous day range was 76.2 and current day range is 15.9.
  6. xtreamforex New Member

    Technical Overview of USD/CAD,
    GBP/USD and USD/JPY Currency Pairs

    USD CAD

    [IMG]
    The USD traded lower against the CAD and closed at 1.335.


    Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

    According to the Analysis, The pair is expected to find support at 1.33294, and a fall through could take it to the next support level of 1.33094. The pair is expected to find its first resistance at 1.33861, and a rise through could take it to the next resistance level of 1.34228.

    Previous Day range was 56.7 and Current Day Range is 44.2.


    GBP USD


    The GBP traded higher against the USD and closed at 1.3043.


    Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

    The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

    The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

    GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

    USD JPY

    The USD traded lower against JPY and closed at 112.012.


    James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

    According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

    USD JPY previous day range was 1950 and current day range is 2410.
  7. xtreamforex New Member

    Technical Overview of USD/CAD,
    GBP/USD and USD/JPY Currency Pairs

    USD CAD

    [IMG]
    The USD traded lower against the CAD and closed at 1.335.


    Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

    According to the Analysis, The pair is expected to find support at 1.33294, and a fall through could take it to the next support level of 1.33094. The pair is expected to find its first resistance at 1.33861, and a rise through could take it to the next resistance level of 1.34228.

    Previous Day range was 56.7 and Current Day Range is 44.2.


    GBP USD


    The GBP traded higher against the USD and closed at 1.3043.


    Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

    The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

    The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

    GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

    USD JPY

    The USD traded lower against JPY and closed at 112.012.


    James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

    According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

    USD JPY previous day range was 1950 and current day range is 2410.
  8. xtreamforex New Member

    Technical Overview of EUR/USD,
    USD/JPY and NZD/USD Currency Pairs

    EUR USD

    The EUR traded lower against the USD and closed at 1.1257.

    The Ifo Business Climate Index reflects the current economic situation and forecasts for the next six months from the point of view of German companies. The indicator is compiled based on a survey of more than seven thousand companies. A higher than expected reading is seen as favorable for the euro quotes, while lower readings are seen as negative.

    According to the Analysis, The pair is expected to find support at 1.12411, and a fall through could take it to the next support level of 1.12254. The pair is expected to find its first resistance at 1.12672, and a rise through could take it to the next resistance level of 1.12776.

    Previous Day range was 26.1 and Current Day Range is 15.8.


    USD JPY

    The USD traded lower against the JPY and closed at 111.931.

    The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

    The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

    The pair is expected to find support at 111.851, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.000, and a rise through could take it to the next resistance level of 112.070.

    USD JPY previous Day range was 1490 and Current Day Range is 3240.

    NZD USD

    The NZD traded lower against USD and closed at 0.6677.

    According to the analysis, pair is expected to find support at 0.66701, and a fall through could take it to the next support level of 0.66629. The pair is expected to find its first resistance at 0.66870, and a rise through could take it to the next resistance level of 0.66967.

    NZD USD previous day range was 16.9 and current day range is 13.

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