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Forex News By BullsEye Markets

Discussion in 'General Trading and Investment Discussions' started by bullseyemarkets, Jul 30, 2019.

  1. United States Pending Home Sales m/m

    Pending Home Sales m/m reflect the number of home sales contracts signed in the given month as compared to the previous one.
    Since a contract completion takes an average of 6-8 weeks, Pending Home Sales is a leading indicator of the US housing market forecasting final sales for two months in advance.
    The indicator growth can have a positive effect on dollar quotes.
    Next Release:- 30 Jul 2019 14:00 GMT
    The Conference Board United States Consumer Confidence Index

    Consumer Confidence Index displays the level of consumer confidence in the stability of the country's economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending.

    Next Release:- 30 Jul 2019 14:00 GMT

  2. Todays Economic Events

    United States Initial Jobless Claims
    Next Release:- 8 Aug 2019 12:30 GMT

    Canada New Housing Price Index m/m
    Next Release:- 8 Aug 2019 12:30 GMT

    Brazil Consumer Price Index (CPI) m/m
    Next Release:- 8 Aug 2019 12:00 GMT

    Mexico Consumer Price Index (CPI) m/m
    Next Release:- 8 Aug 2019 11:00 GMT

    European Central Bank (ECB) Economic Bulletin
    Next Release:- 8 Aug 2019 08:00 GMT
  3. World Agricultural Supply and Demand Estimates (WASDE) report

    USDA WASDE (World Agricultural Supply and Demand Estimates) Report is a monthly supply and demand forecast for grain, oilseeds and cotton. Sugar, meat, poultry, eggs and milk are also taken into account when assessing US demand and supply.
    12 Aug 2019 16:00 GMT
    United States Federal Budget Balance

    Federal Budget Balance reflects the financial activity of the federal government during the reporting month. It displays a balance between all the incomes and expenditures of the state budget. The report is based on the data obtained from government agencies and banks included into the Federal Reserve. A positive Federal Budget Balance can have a positive effect on USD.
    12 Aug 2019 18:00 GMT
    Visit:- https://bullseyemarkets.com/EconomicCalendar
  4. Upcoming Economic Events of This week’s Last Three Days
    EIA United States Crude Oil Stocks Change
    The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices. Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.
    Next Release:- 20 Nov 2019 15:30 GMT

    Singapore Gross Domestic Product (GDP) q/q
    Singapore Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Singapore during a given quarter compared to the previous one. Indicator values are seasonally adjusted. The indicator growth can have a positive effect on the Singapore dollar quotes. Next Release:- 21 Nov 2019 00:00 GMT

    Bank of Canada (BoC) Governor Poloz Speech
    Bank of Canada's (BoC) Governor Speech has the greatest impact on the national currency among all official speeches. As head of the BoC's Governing Council, the governor can provide clues regarding future monetary policy and BoC interest rate changes.
    Next Release:- 21 Nov 2019 13:40 GMT

    United States Existing Home Sales
    Existing Home Sales shows the amount of the secondary housing sales for the given month. Only closed deals are considered in the report. The report is used to evaluate the US real estate market. The indicator growth can have a positive effect on US dollar quotes.
    Next Release:- 21 Nov 2019 15:00 GMT

    Germany Gross Domestic Product (GDP) q/q
    Gross Domestic Product q/q reflects the monetary value of all goods and services produced in Germany during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country. GDP growth can have a positive effect on euro quotes.
    Next Release:- 22 Nov 2019 07:00 GMT

    European Central Bank (ECB) President Lagarde Speech
    ECB President Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If the ECB President's speech suggests any conclusions on the monetary policy or a clear assessment of the economic and financial situation of the eurozone, the speech influences the EU currency. If the speech suggests the tightening of the monetary policy, it is seen as positive for the euro.
    Next Release:- 22 Nov 2019 08:30 GMT

    Canada Retail Sales m/m
    Canada Retail Sales m/m show changes in the value of goods sold in retail stores in the specified month compared to the previous month. The indicator is calculated based on statistics from several thousand retail stores, and the data is then extrapolated to the whole country. The indicator evaluates the consumer activity and inflation. The indicator growth can have a positive effect on CAD quotes. Next Release:- 22 Nov 2019 13:30 GMT

    Canada Core Retail Sales m/m
    Canada Core Retail Sales m/m reflect the change in retail sales in the reported month compared to the previous one. The indicator is calculated based on statistics from retail stores of different types and sizes. The index calculation does not include sales of autos and spare parts. Retails Sales are an indicator of consumer activity in Canada, and an important component of national GDP. The indicator growth can have a positive effect on CAD quotes.
    Next Release:- 22 Nov 2019 13:30 GMT

  5. Read the Technical summary of the day for AUD/USD and GBP/USD currency pairs


    · AUD/USD Previous closed at 0.6745

    AUD/USD is better bid at press time near 0.6750, having printed a high just above 0.6758 a few minutes before press time. That level marks the 23.6% Fibonacci retracement of the drop from 0.7016 to 0.6679.
    • AUD/USD is struggling to establish a strong foothold above a Fibonacci hurdle.
    • The stalled bounce could be followed by a pullback to 0.6720.

    • If we gauge the news according to the analysis, for pair is expected to be found first support at 0.6731and forwards to the next support level of 0.6719. The pair is expected to find resistance at 0.6769and rise forward to the next level resistance level of 0.6781.

      ​​​​​​​GBP/USD Previous Closed at

    “GBP/USD keeps the losses for the second day in a row.
    • The EU-UK tussle over fisheries, criticism of the British PM joins broad US dollar strength.
    • Political headlines from the UK, coronavirus updates and the US data will be in focus.
    GBP/USD keeps it rolling below 1.3000, currently -0.06% to 1.2985, while heading into the London open on Thursday. Political pessimism surrounding the UK, Brexit as well as the market’s rush towards the greenback keeps the cable under pressure

    If we gauge the news according to the analysis, for pair is expected to be found first support at 1.2980 and forwards to the next support level of 1.2978, the pair is expected to find resistance at 1.2986 and rise forward to next level resistance level of 1.2988
    Today's Major Economic Events:
    BRL BCB Interest Rate Decision
    · AUD Retail Sales m/m
    · INR RBI Interest Rate Decision
    · EUR ECB President Lagarde Speech

    More information about the release time of news and its impact visit Economic Calendar Page!
  6. Technical Analysis of AUD USD/GBP USD

    AUD/USD Pair Waiting For Bulls Pounce on Daily Structure Offering 1:5 R/R

    The AUD/USD seems both the bulls and the bears in the top-down analysis that compelling the price action that appeared on the daily chart for the long bias exists.

    The Bulls price for the pair will monitor the action from the 4 hour time period to look at the bullish environment that will see the higher probabilities to the swing trading.

    Coming up next is a market structure investigation directed on the month to month, week after week, day by day, and 4-hour time periods with an outline of what a long passage may follow for a 1:5 risk to recompense arrangement.

    The month to month chart really offers a bearish viewpoint as the value battles in the distribution zone following a very long time of the constant bullish month to month closes.

    A continuation of the conveyance offers the potential for a short swing trade IF the everyday arrangement doesn't develop on the 4HR time span.

    GBP/USD Pair Bears the Attack Two Week Near at Level 1.3150

    GBP/USD drops to 1.3150, intraday low of 1.3140, during early Tuesday. In doing as such, the Cable keeps Monday's shortcoming recent day SMA in the midst of ordinary RSI conditions. It should be noticed that the pair expressed an everyday low of 1.3140 the earlier day.

    Therefore, the bears are probably going to focus on a momentary rising helpline close to the level 1.3120 however the late-August lows close to 1.3060 may limit the statements' further shortcoming.

    For a situation where the traders keep the reins after 1.3060, the 1.3000 edges and July 30 low close to 1.2945 will be the way to follow.

    Then again, an upside break of 21-day SMA, presently around 1.3190 should cross the August 19 high of 1.3267 to review the purchasers. Nonetheless, 1.3200 may offer a center of the road stop during the rise.

    To know more visit https://bullseyemarkets.com/

  7. Technical Analysis of EUR/GBP USD

    EUR/USD Price Shows Breakdown In Head And Shoulder Pattern

    The EUR/USD pair is traded near the Head and Shoulder pattern to the support at the level 1.1770 at the press time.

    It will seem close at the support line to the H&S Breakdown to the bullish to bearish trend to change and open the doors at the level 1.1530.

    The Pair is rising at the trendline lows. The Bullish to the downside break the back to below at the level to bearish reading on the 14- day relative strength index.

    The Head and Shoulder pattern of the EUR/USD shows the breakdown to the bias to go bullish if the pair rises above the level 1.1918 high.

    GBP/USD Pair Prices Shows Bears and Ignore the Pullback Beyond at 1.2800

    The GBP/USD shows bounces off the intraday low at the level 1.2803 to 1.12817 during the Asian session to the previous losses.

    In any case, bearish MACD pushes the buyers to take passages just on the break of a sliding pattern line from September 01, as of now around the level at 1.2930.

    It should be likewise be noticed that a position of 38.2% Fibonacci retracement of June-September upside and 50-day SMA around 1.3010/15 will challenge the bulls following.

    Moreover, an even zone including July 21 top and the month to month low, somewhere in the range of 1.2762 and 1.2767, offers important help to the pair.

    Additionally going about as drawback barriers are the 61.8% Fibonacci retracement level and July 09 high, separately near at the level 1.2720 and 1.2670..

    To know more visit https://bullseyemarkets.com/

  8. Technical Analysis of Stock Market

    Stock Market Rounds Up Again In Week 39

    If we talk about the previous week’s report the S&P 500 futures seems below the support level at the 3300 and it will seem immediate support to the level between 3200-3230. The results satisfied the expectations as the week started in week 38 market to round up again in which the bearish covered the S&P to overcome the level 3425.

    Sliding wedge design in the S&P 500 day by day outline. The descending push was abbreviated proposed shading of the down force.

    Expanding exertion to the drawback in the US meeting on 23 Sep 2020 and during the non-customary trading hours meeting on 24-25 Sep, 2020 didn't create a significant descending outcome, recommended flexibly retention.

    Reliable interest came in on 24 and 25 Sep 2020 created quality assembly up, broke out the slipping wedge, and the primary gracefully zone at level 3270. This is where the push to the upside is in a state of harmony with the outcomes (a meeting up)

    A week ago's value activity of the S&P 500 tried the help region at the level 3200–3230, where it is a reliable spot to see a bob up.

    US securities exchanges demonstrated new energy, destroying discharging losses, and inevitably winning up to 2.2% (Nasdaq). Asian business sectors are less interested early today, yet by and by gain by almost 1%. Chinese modern benefits expanded for the fourth month in a row, yet stay down YTD (- 4.4%). Financial trades shrug of the alarming international scene with rising COVID-19 counts inclining the equalization toward stricter lockdown measures. The Times of London for instance reports that the UK is examining a constrained social lockdown across a lot of northern Britain and conceivably London.

    To know more visit https://bullseyemarkets.com/
  9. Technical Analysis of S&P 500

    S&P 500 Futures Regained at Level 3,400 Mixed Clues For Trump's Health

    The S&P 500 seems the future around at the level 3,390 that goes down 0.07% intraday during the Asian Session. The risk barometer is the part of the ways in which the upbeat performance is probed at the mid-September highs.

    The US President Donald Trump's takeoff from the Walter Reed, trailed by almost any tweets from the Republican chief, at first kept the risk on disposition, an ongoing video from the American chief indicated that he is battling while at the same time relaxing. Likewise reinforcing questions over Trump's wellbeing was the ongoing confirmation from the White House that he will be under 24-hour supervision and anyone approaching the President should wear the PPE pack.

    Somewhere else, chances of the delicate Brexit are on the climb while US House Speaker Nancy Pelosi and the Treasury Secretary Steve Mnuchin continue attempting to try and start the boost talks.

    The S&P 500 Futures as well as danger forces from Asia-Pacific, as Nikkei 225 and Australia's ASX 200, additionally streak blended signals and test the market bulls.

    Proceeding onward, RBA and Aussie spending will be critical to watch during Asia while Fed Chairman Jerome Powell's speech and updates concerning US President Trump will keep the driver's seat.

    The White House suspended the US Food and Drug Administration's (FDA) more stringent rules that might have prevented the (COVID-19) antibody from turning out before the presidential political culture.

    To know more visit https://bullseyemarkets.com/

  10. Technical Analysis of S&P 500

    US Stock Open At Higher and Continues to Bet on Stimulus Deal

    The S&P 500 Futures that are gaining the ground on in the premarket to trading as the trader that believe in the US lawmakers that reaches the ultimate consensus due to the coronavirus package.

    S&P 500 futures are making strides in premarket trading as traders that stay satisfied that U.S. legislators will eventually make an arrangement on the new Covid help bundle. U.S. President Donald Trump has as of late raised his boost offer to $1.8 trillion however Democrats kept on demanding the execution of their $2.2 trillion upgrade bundle.

    There are no significant financial reports booked to be delivered today in the U.S. so brokers should wait for Inflation Rate and Core Inflation Rate reports which are expected to be distributed on Tuesday.

    Examiners expect that the Inflation Rate will develop by 1.4% year-over-year while the Core Inflation Rate will develop by 1.8%. Center Inflation Rate lined in May at 1.2% and began to increment in July on account of the extraordinary money related and monetary improvement.

    Traders expect that the Fed will save rates at the base for quite a while and let expansion run above 2% for quite a while. Be that as it may, a quicker than-anticipated expansion may put the current presumptions under inquiry so the market will be intently watching swelling reports.

    To know more visit https://bullseyemarkets.com/

  11. Technical Analysis on EUR USD/ AUD USD

    EUR/USD Price Pullsback the 200 HMA Give Mixed Clues from US Presidential Election

    The EUR/USD trims the early Asian gains that recently decline to the 1.1720 this Thursday. In this pair, we will mark another pullback from the 200 HMA needless that mentions the multiple failures that crossing a descending trendline.

    During the EUR/USD bears' strength past-1.1700, Monday's top close to 1.1625 can offer halfway pushes forward of featuring the month to a month low of 1.1602.

    Other than the specialized levels, vulnerability encompassing US official races 2020 likewise burdens the statement. In spite of the fact that the Democratic Party's up-and-comer Joe Biden is driving the race with the ongoing triumph in Michigan, the current US President Donald Trump tests polling form including in the key state Pennsylvania to challenge his opponent.

    Then, the 1.1745 level containing the state pattern line opposition will challenge the statement's ascent past-200-HMA level of 1.1730.
    AUD/USD Price Stuck With Symmetrical Triangle below at 0.7200

    AUD/USD falters around 0.7170/75 while heading into Thursday's European meeting open. The pair rose to a three-week high the earlier day prior to moving away from 0.7222.

    Nonetheless, an effective U-abandon 200-hour EMA and a rising pattern line from November 02 join solid RSI conditions to support the buyers.

    Thus, AUD/USD bulls anticipate new passages over the obstruction line of the adjoining triangle, at the level 0.7185 presently, prior to focusing on the 0.7200 and Wednesday's top close to 0.7225.

    Additionally prone to challenge the AUD/USD bears is a 200-hour EMA line close to 0.7095, a break of which can test the previous low of the level by 0.7048.

    To know more visit https://bullseyemarkets.com

  12. Technical Analysis on Gold & Silver

    Gold Price Vulnerable Remains For COVID-19 Vaccine Hopes

    The XAU/USD pair continues to the bearish hopes for the consolidation that following the 5% slump. The Technical Confluences Indicators of the pair indicate the recovery of the attempts that seem below the resistance level at $1875 for the convergence of the previous week low and the Fibonacci 61.8% one-day.

    The Stack for the minor support level is awaiting around at the level by $1867 levels SMA 10 one hour to the Fibonacci 38.2% to the SMA5 four Hour.

    The break will below the level by the previous month with a low level of $1860. The Fierce $1850 support see at the pivot point for the one month S1 to the beat the level by the XAU bears.
    Silver Price Trying to Retake the Control Above the level $24.00

    The Silver price takes the U-turn from the Intraday low that rising the $24.25 to this Thursday. In the metal buyers that falling the trend line to the Tuesday and the 50% Fibonacci Retracement to the level upside.

    The Normal RSI Conditions favoring the continuation of the corrective recovery to the bullion to overcome the $24.30 immediate resistance near the $24.40 to challenge the bull’s level. Meanwhile, 61.8% Fibonacci retracement level near $23.90 offers nearby support to watch should the commodity refreshes intraday low of $24.09.

    In the Past silver seller, the price dominates the level at -$23.90 to the ascending trendline to the previous Wednesday at the level by $23.80 to the spotlight.
  13. Technical Analysis on EUR USD or AUD USD

    EUR/USD Pair Makes the Moves to High On Monday's

    Acknowledgment over that level would discredit the uncertainty signal by long wicks joined to Monday's light and suggest a continuation of the recovery rally from the Nov. 11 low of 1.1745 toward the Nov. 9 high of the level by 1.1920.

    On the other hand, a move below Monday's low of level 1.1814 would suggest a finish of the ricochet from the Nov. 11 low and move risk for a re-trial of 1.1745. A violation there would uncover the Nov. 4 low of 1.1602.

    The quick movement would stay nonpartisan as long as the pair is stuck inside Monday's trading of 1.1814-1.1869.
    AUD/USD Analysis Goes Up For the Bumpy Road Above at the Level 0.7300

    AUD/USD keeps mellow increases above at the level by 0.7300, presently around 0.7322, during early Tuesday.

    Among them, the month to a month high of the level 0.7340, set apart on November 09, could turn into the first to frustrate the transient buyers in front of guiding them to in excess of a three-week-old opposition line, close to 0.7370 at this point.

    For a situation where the AUD/USD bulls overlook RSI conditions, additionally beat the key protections expressed over, the 0.7400 round-figures and the yearly top encompassing 0.7440 will be at the center of attention.

    Then again, a drawback break of 0.7270/75 help conversion, including the expressed SMA and a fortnight-long rising pattern line, should slip below a momentary level zone around 0.7240/45 to review the bears.

    In general, the continuous potential gain force is probably going to proceed, however with a couple of remedial pullbacks.

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