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Daily News By Xtreamforex.com

Discussion in 'Forex' started by xtreamforex, Jan 3, 2019.

  1. xtreamforex

    xtreamforex Registered

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

    GBP USD
    [​IMG]

    The GBP traded lower against the USD and closed at 1.2938.

    Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month.
    Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production.

    The indicator growth may have a positive effect on the pound quotes.

    According to the Analysis, The pair is expected to find support at 1.29147, and a fall through could take it to the next support level of 1.28909. The pair is expected to find its first resistance at 1.29678, and a rise through could take it to the next resistance level of 1.29971.

    Previous Day range was 53.1 and Current Day Range is 12.1.

    NZD USD
    [​IMG]
    The NZD traded higher against the USD and closed at 0.6745.

    Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spending and economic activity.

    The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

    The pair is expected to find support at 0.67274, and a fall through could take it to the next support level of 0.67099. The pair is expected to find its first resistance at 0.67643, and a rise through could take it to the next resistance level of 0.67837.

    NZD USD previous Day range was 36.9 and Current Day Range is 32.3.

    EUR USD
    [​IMG]
    The EUR traded bit lower against USD and closed at 1.1323.

    FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

    The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.

    According to the analysis, pair is expected to find support at 1.13129, and a fall through could take it to the next support level of 1.13024. The pair is expected to find its first resistance at 1.13423, and a rise through could take it to the next resistance level of 1.13612.

    EUR USD previous day range was 29.4 and current day range is 12.8.
     
  2. xtreamforex

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

    AUD USD

    The AUD traded lower against the USD and closed at 0.7061.

    The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors.

    A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions.

    According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261.

    Previous Day range was 50.9 and Current Day Range is 33.5.

    USD CAD

    The USD traded lower against the CAD and closed at 1.3301.

    JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.

    The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.

    JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.

    The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507.

    USD CAD previous Day range was 56.9 and Current Day Range is 27.

    USD JPY

    The USD traded higher against JPY and closed at 110.367.

    Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy.

    Industrial production growth may have a positive effect on yen quotes.

    According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895.

    USD JPY previous day range was 6950 and current day range is 3020.
     
  3. xtreamforex

    xtreamforex Registered

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

    GBP USD
    The GBP traded higher against the USD and closed at 1.2843.

    Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.

    The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.28052, and a fall through could take it to the next support level of 1.27675. The pair is expected to find its first resistance at 1.29183, and a rise through could take it to the next resistance level of 1.29937.

    Previous Day range was 113.1 and Current Day Range is 24.9.

    AUD USD
    The AUD traded higher against the USD and closed at 0.7088.
    Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.

    The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.

    The indicator growth can have a negative effect on US dollar quotes.

    The pair is expected to find support at 0.70703, and a fall through could take it to the next support level of 0.70531. The pair is expected to find its first resistance at 0.71205, and a rise through could take it to the next resistance level of 0.71535.

    AUD USD previous Day range was 50.2 and Current Day Range is 35.5.

    USD JPY
    The USD traded higher against JPY and closed at 111.

    Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan 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 yen quotes.

    According to the analysis, pair is expected to find support at 110.599, and a fall through could take it to the next support level of 110.197. The pair is expected to find its first resistance at 111.226, and a rise through could take it to the next resistance level of 111.451.

    USD JPY previous day range was 6270 and current day range is 2550.
     
  4. xtreamforex

    xtreamforex Registered

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

    USD CAD
    The USD traded higher against the CAD and closed at 1.3292.

    Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

    The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.
    A higher than expected reading can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.32341, and a fall through could take it to the next support level of 1.31757. The pair is expected to find its first resistance at 1.33454, and a rise through could take it to the next resistance level of 1.33983.

    Previous Day range was 111.3 and Current Day Range is 23.5.
    EUR USD

    The EUR traded higher against the USD and closed at 1.1294.
    ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

    The pair is expected to find support at 1.12597, and a fall through could take it to the next support level of 1.12250. The pair is expected to find its first resistance at 1.13189, and a rise through could take it to the next resistance level of 1.13434.

    EUR USD previous Day range was 59.2 and Current Day Range is 12.8.

    USD CHF

    The USD traded higher against CHF and closed at 1.0047.

    Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

    The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.

    A higher than expected reading can have a positive effect on dollar quotes.
    According to the analysis, pair is expected to find support at 1.00281, and a fall through could take it to the next support level of 1.00097. The pair is expected to find its first resistance at 1.00815, and a rise through could take it to the next resistance level of 1.01165.

    USD CHF previous day range was 53.4 and current day range is 13.3.
     
  5. xtreamforex

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

    EUR USD
    [​IMG]
    The EUR traded lower against the USD and closed at 1.1308.

    ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research on the basis of a survey of around 300 experts from banks, insurance companies and financial departments of corporations. The survey participants are asked about their expectations concerning the economy, inflation rates, interest rates, stock markets, and oil prices for the next six months. The index reflects the sentiment of institutional investors.

    Index growth may have a positive impact on euro quotes.

    According to the Analysis, The pair is expected to find support at 1.12868, and a fall through could take it to the next support level of 1.12604. The pair is expected to find its first resistance at 1.13298, and a rise through could take it to the next resistance level of 1.13510.

    Previous Day range was 44.7 and Current Day Range is 19.8.

    GBP USD
    [​IMG]
    The GBP traded lower against the USD and closed at 1.2919.
    Claimant Count Change presents the change in the number of people claiming unemployment benefits during the given month.

    An increase in the claimant count is an indication of weakness in the labor narket and can have a negative effect on the GDP quotes.

    The pair is expected to find support at 1.28939, and a fall through could take it to the next support level of 1.28692. The pair is expected to find its first resistance at 1.29400, and a rise through could take it to the next resistance level of 1.29614.

    GBP USD previous Day range was 46.1 and Current Day Range is 29.6.

    USD CHF
    [​IMG]
    The USD traded higher against CHF and closed at 1.0038.

    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.
    Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    According to the analysis, pair is expected to find support at 1.00243, and a fall through could take it to the next support level of 1.00104. The pair is expected to find its first resistance at 1.00516, and a rise through could take it to the next resistance level of 1.00650.

    USD CHF previous day range was 27.3 and current day range is 17.9.
     
  6. xtreamforex

    xtreamforex Registered

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

    EUR USD
    [​IMG]
    The EUR traded higher against the USD and closed at 1.134.

    ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.
    According to the Analysis, The pair is expected to find support at 1.12914, and a fall through could take it to the next support level of 1.12429. The pair is expected to find its first resistance at 1.13711, and a rise through could take it to the next resistance level of 1.14053.

    Previous Day range was 81.2 and Current Day Range is 20.1.
    USD CAD
    [​IMG]
    The USD traded lower against the CAD and closed at 1.3211.
    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.

    Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    The pair is expected to find support at 1.31837, and a fall through could take it to the next support level of 1.31551. The pair is expected to find its first resistance at 1.32591, and a rise through could take it to the next resistance level of 1.33060.

    USD CAD previous Day range was 75.4 and Current Day Range is 32.
    USD CHF
    [​IMG]
    The USD traded higher against CHF and closed at 1.0007

    FOMC Minutes is a detailed report of the Federal Open Market Committee meeting. The meetings are held 8 times a year and focus on the country's economic and financial conditions, monetary policy and Fed interest rates.

    The minutes reveal the position of Fed and individual FOMC members concerning the monetary policy and contain data on the interest rate voting: distribution of "for" and "against" votes, as well as the rhetoric of the voting Committee members.

    The minutes are published in two weeks after the FOMC meeting. Depending on their content, they can affect USD either positively or negatively.

    According to the analysis, pair is expected to find support at 0.99844, and a fall through could take it to the next support level of 0.99622. The pair is expected to find its first resistance at 1.00420, and a rise through could take it to the next resistance level of 1.00762.

    USD CHF previous day range was 58.7 and current day range is 13.2.
     
  7. xtreamforex

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    EUR USD


    The EUR traded higher against the USD and closed at 1.1336.

    ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

    According to the Analysis, The pair is expected to find support at 1.13159, and a fall through could take it to the next support level of 1.12983. The pair is expected to find its first resistance at 1.13630, and a rise through could take it to the next resistance level of 1.13897.

    Previous Day range was 45.7 and Current Day Range is 18.6.
    USD CAD

    The USD traded lower against the CAD and closed at 1.3175.

    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.

    The pair is expected to find support at 1.31448, and a fall through could take it to the next support level of 1.31146. The pair is expected to find its first resistance at 1.32105, and a rise through could take it to the next resistance level of 1.32460.

    USD CAD previous Day range was 65.7 and Current Day Range is 25.8.
    GBP USD

    The GBP traded lower against USD and closed at 1.3048
    BoE MPC members are responsible for setting the interest rate and their speeches often contain indications on the future possible direction of monetary policy.

    According to the analysis, pair is expected to find support at 1.30038, and a fall through could take it to the next support level of 1.29594. The pair is expected to find its first resistance at 1.30992, and a rise through could take it to the next resistance level of 1.31502.

    GBP USD previous day range was 95.4 and current day range is 23.3.
     
  8. xtreamforex

    xtreamforex Registered

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

    EUR USD

    The EUR traded lower against the USD and closed at 1.1334.

    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 1.13156, and a fall through could take it to the next support level of 1.12973. The pair is expected to find its first resistance at 1.13591, and a rise through could take it to the next resistance level of 1.13843.

    Previous Day range was 43.5 and Current Day Range is 11.6.

    USD CAD

    The USD traded higher against the CAD and closed at 1.3231.

    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.

    The pair is expected to find support at 1.31842, and a fall through could take it to the next support level of 1.31377. The pair is expected to find its first resistance at 1.32556, and a rise through could take it to the next resistance level of 1.32805.

    USD CAD previous Day range was 71.4 and Current Day Range is 16.6.

    USD CHF

    The USD traded higher against CHF and closed at 1.0006.

    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.

    Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    According to the analysis, pair is expected to find support at 0.99923, and a fall through could take it to the next support level of 0.99786. The pair is expected to find its first resistance at 1.00213, and a rise through could take it to the next resistance level of 1.00366.

    USD CHF previous day range was 29 and current day range is 11.7.

    Learn Technical Analysis about EUR USD, USD CAD, USD CHF. Two pairs USD CAD, USD CHF look higher then EUR USD.
     
  9. xtreamforex

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    EUR USD


    The EUR traded lower against the USD and closed at 1.1334.

    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 1.13156, and a fall through could take it to the next support level of 1.12973. The pair is expected to find its first resistance at 1.13591, and a rise through could take it to the next resistance level of 1.13843.

    Previous Day range was 43.5 and Current Day Range is 11.6.

    USD CAD
    The USD traded higher against the CAD and closed at 1.3231.

    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.

    The pair is expected to find support at 1.31842, and a fall through could take it to the next support level of 1.31377. The pair is expected to find its first resistance at 1.32556, and a rise through could take it to the next resistance level of 1.32805.

    USD CAD previous Day range was 71.4 and Current Day Range is 16.6.

    USD CHF

    The USD traded higher against CHF and closed at 1.0006.
    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.
    Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    According to the analysis, pair is expected to find support at 0.99923, and a fall through could take it to the next support level of 0.99786. The pair is expected to find its first resistance at 1.00213, and a rise through could take it to the next resistance level of 1.00366.

    USD CHF previous day range was 29 and current day range is 11.7.

    Learn Technical Analysis about EUR USD, USD CAD, USD CHF. Two pairs USD CAD, USD CHF look higher then EUR USD.
     
  10. xtreamforex

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    USD JPY

    The USD traded lower against the JPY and closed at 111.051.
    Building Permits show the number of permits for the construction of new facilities issued by the government or other regulatory authority for the given month compared to the previous one.

    The medium-term state of the real estate market is predicted based on this indicator. Index growth may have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 110.676, and a fall through could take it to the next support level of 110.301. The pair is expected to find its first resistance at 111.329, and a rise through could take it to the next resistance level of 111.607.

    Previous Day range was 6530 and Current Day Range is 3180.

    AUD USD

    The AUD traded lower against the USD and closed at 0.7165.

    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.

    The pair is expected to find support at 0.71358, and a fall through could take it to the next support level of 0.71061. The pair is expected to find its first resistance at 0.71896, and a rise through could take it to the next resistance level of 0.72137.

    AUD USD previous Day range was 53.8 and Current Day Range is 22.5.

    USD CHF

    The USD traded lower against CHF and closed at 1.0006.
    FED Vice Chairman Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

    Among the public statements made by the members of the Fed Board of Governors, the speech of the Vice Chairman is the second most important event after the Chair's speech.

    According to the analysis, pair is expected to find support at 0.99887, and a fall through could take it to the next support level of 0.99717. The pair is expected to find its first resistance at 1.00171, and a rise through could take it to the next resistance level of 1.00285.

    USD CHF previous day range was 28.4 and current day range is 12.4.
     
  11. xtreamforex

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    EUR USD

    The EUR traded lower against the USD and closed at 1.1388.

    FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed's recent actions related to the monetary policy.

    The statement consists of two parts: the Fed 's Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13219. The pair is expected to find its first resistance at 1.14119, and a rise through could take it to the next resistance level of 1.14353.

    Previous Day range was 56.7 and Current Day Range is 17.1.
    NZD USD

    The NZD traded higher against the USD and closed at 0.6882.

    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.

    The pair is expected to find support at 0.68673, and a fall through could take it to the next support level of 0.68532. The pair is expected to find its first resistance at 0.68991, and a rise through could take it to the next resistance level of 0.69168.

    NZD USD previous Day range was 31.8 and Current Day Range is 18.8.
    GBP USD

    The GBP traded lower against USD and closed at 1.3249.
    Markit/CIPS Manufacturing PMI is calculated by Markit together with the Chartered Institute of Procurement & Supply (CIPS). It characterizes the state of the industrial sector.

    The index is calculated based on surveys of purchasing managers in the manufacturing sector. The mangers answer a number of questions about the production development, as well as their economic and financial expectations. The survey data is compiled into a leading indicator of overall economic performance.
    A reading above 50 indicates growth in the sector and can have a positive effect on the pound quotes.

    According to the analysis, pair is expected to find support at 1.31353, and a fall through could take it to the next support level of 1.30218. The pair is expected to find its first resistance at 1.33242, and a rise through could take it to the next resistance level of 1.33996.

    GBP USD previous day range was 188.9 and current day range is 19.9.
     
  12. xtreamforex

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    USD CAD


    The USD traded lower against the CAD and closed at 1.3155.

    Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.

    GDP growth can have a positive effect on CAD quotes.

    According to the Analysis, The pair is expected to find support at 1.31231, and a fall through could take it to the next support level of 1.30914. The pair is expected to find its first resistance at 1.31813, and a rise through could take it to the next resistance level of 1.32078.

    Previous Day range was 58.2 and Current Day Range is 17.9.
    USD CHF

    The USD traded lower against the CHF and closed at 1.0013.
    Switzerland Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter.

    The indicator shows GDP calculated using the value-added statistics (i.e. using the so-called production approach). Value added is determined as a difference between the total income and material production costs.

    GDP growth can have a positive effect on CHF quotes.

    The pair is expected to find support at 0.99786, and a fall through could take it to the next support level of 0.99441. The pair is expected to find its first resistance at 1.00309, and a rise through could take it to the next resistance level of 1.00487.

    USD CHF previous Day range was 52.3 and Current Day Range is 26.3.
    USD JPY

    The USD traded lower against JPY and closed at 110.985.

    ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.

    Readings above 50 can have a positive effect on US dollar quotes.

    According to the analysis, pair is expected to find support at 110.536, and a fall through could take it to the next support level of 110.086. The pair is expected to find its first resistance at 111.253, and a rise through could take it to the next resistance level of 111.520.

    USD JPY previous day range was 7170 and current day range is 1660.
     
  13. xtreamforex

    xtreamforex Registered

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    Technical Overview of NZD/USD, USD/CAD and USD/CHF Currency Pairs

    NZD USD

    The NZD traded lower against the USD and closed at 0.6813.
    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.

    According to the Analysis, The pair is expected to find support at 0.67969, and a fall through could take it to the next support level of 0.67804. The pair is expected to find its first resistance at 0.68288, and a rise through could take it to the next resistance level of 0.68442.

    Previous Day range was 31.9 and Current Day Range is 39.2.

    USD CAD

    The USD traded higher against the CAD and closed at 1.3302.

    ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.

    Readings above 50 can have a positive effect on US dollar quotes.

    The pair is expected to find support at 1.32724, and a fall through could take it to the next support level of 1.32425. The pair is expected to find its first resistance at 1.33349, and a rise through could take it to the next resistance level of 1.33675.

    USD CAD previous Day range was 62.5 and Current Day Range is 27.1.

    USD CHF

    The USD traded little higher against CHF and closed at 0.9988.

    ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.

    The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.

    According to the analysis, pair is expected to find support at 0.99707, and a fall through could take it to the next support level of 0.99536. The pair is expected to find its first resistance at 1.00124, and a rise through could take it to the next resistance level of 1.00370.

    USD CHF previous day range was 41.7 and current day range is 22.
     
  14. xtreamforex

    xtreamforex Registered

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

    AUD USD

    The AUD traded lower against the USD and closed at 0.7083.
    Reserve Bank of Australia (RBA) Governor Speech may contain information about the expected change in the bank's interest rates or in the monetary policy.

    Australia Gross Domestic Product (GDP) q/q provides a monetary gauge of all goods and services produced in Australia (less the value of goods and services used in production) in the reported quarter compared to the previous one.
    The GDP calculation formula includes consumer and government spending, amount of all investments and total net export of the country.

    GDP growth can have a positive effect on AUD quotes.

    According to the Analysis, The pair is expected to find support at 0.70623, and a fall through could take it to the next support level of 0.70418. The pair is expected to find its first resistance at 0.70996, and a rise through could take it to the next resistance level of 0.71164.

    Previous Day range was 37.3 and Current Day Range is 63.2.

    EUR USD

    The EUR traded higher against the USD and closed at 1.1307.

    ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.

    The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.

    The pair is expected to find support at 1.12849, and a fall through could take it to the next support level of 1.12624. The pair is expected to find its first resistance at 1.13347, and a rise through could take it to the next resistance level of 1.13620.

    EUR USD previous Day range was 49.8 and Current Day Range is 17.5.

    USD CAD

    The USD traded little higher against CAD and closed at 1.3349.
    Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business.

    The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month.

    Survey results are seasonally adjusted.

    A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.

    Bank of Canada announces its decisions on interest rate eight times a year. It is one of the key events influencing the Canadian dollar quotes. The decision is made depending on the current economic conditions and financial outlook in the country.

    Changes in the interest lead to a short-term volatility of the Canadian dollar. An increase in the interest rate is seen as positive for the national currency.

    According to the analysis, pair is expected to find support at 1.33134, and a fall through could take it to the next support level of 1.32778. The pair is expected to find its first resistance at 1.33723, and a rise through could take it to the next resistance level of 1.33956.

    USD CAD previous day range was 58.9 and current day range is 25.
     
  15. xtreamforex

    xtreamforex Registered

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

    USD JPY

    The USD traded lower against the JPY and closed at 111.761.

    Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan 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 yen quotes.

    According to the Analysis, The pair is expected to find support at 111.613, and a fall through could take it to the next support level of 111.464. The pair is expected to find its first resistance at 111.913, and a rise through could take it to the next resistance level of 112.064.

    Previous Day range was 3000 and Current Day Range is 1890.

    EUR USD

    The EUR traded higher against the USD and closed at 1.1306.

    ECB Interest Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The interest rate decisions are taken depending on the inflationary outlook and economic growth.

    Cut in deposit rates may have a negative effect on EUR quotes.
    Gross Domestic Product q/q reflects the changes in the total value of all goods and services produced in the euro area in the current quarter compared to the previous one. The calculation excludes the price of goods and services used in the intermediate manufacturing. The data are seasonally adjusted.

    GDP allows evaluating the rate of the economic growth and living standard of the population.
    The growth of the indicator value can have a positive effect on euro quotes.

    The pair is expected to find support at 1.12876, and a fall through could take it to the next support level of 1.12693. The pair is expected to find its first resistance at 1.13243, and a rise through could take it to the next resistance level of 1.13427.

    EUR USD previous Day range was 36.7 and Current Day Range is 12.6.

    GBP USD

    The GBP traded little higher against USD and closed at 1.3168.

    Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.
    The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.

    The indicator growth can have a negative effect on US dollar quotes.
    According to the analysis, pair is expected to find support at 1.31339, and a fall through could take it to the next support level of 1.31002. The pair is expected to find its first resistance at 1.31900, and a rise through could take it to the next resistance level of 1.32124.

    GBP USD previous day range was 56.1 and current day range is 16.6.
     
  16. xtreamforex

    xtreamforex Registered

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

    USD CHF

    The USD traded lower against the CHF and closed at 1.0113.
    According to the Analysis, The pair is expected to find support at 1.00578, and a fall through could take it to the next support level of 1.00023. The pair is expected to find its first resistance at 1.01464, and a rise through could take it to the next resistance level of 1.01795.
    Previous Day range was 88.6 and Current Day Range is 14.1.

    NZD USD

    The NZD traded higher against the USD and closed at 0.6751.

    The pair is expected to find support at 0.67335, and a fall through could take it to the next support level of 0.67157. The pair is expected to find its first resistance at 0.67804, and a rise through could take it to the next resistance level of 0.68095.
    NZD USD previous Day range was 46.9 and Current Day Range is 23.7.

    AUD USD

    The AUD traded little lower against USD and closed at 0.7015.
    According to the analysis, pair is expected to find support at 0.69963, and a fall through could take it to the next support level of 0.69973. The pair is expected to find its first resistance at 0.70428, and a rise through could take it to the next resistance level of 0.70703.

    AUD USD previous day range was 46.5 and current day range is 22.2.
     
  17. xtreamforex

    xtreamforex Registered

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    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.
     
  18. moneybaggy

    moneybaggy Registered

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    Nice updates here, I think I should be following this thread more often.
     
    xtreamforex likes this.
  19. xtreamforex

    xtreamforex Registered

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    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.
     
  20. xtreamforex

    xtreamforex Registered

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    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
    [​IMG]
    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
    [​IMG]
    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.
    Technical Overview of USD/CAD,GBP/USD and USD/JPY Currency Pairs
     
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