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myregister
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Viewing the fundamental driving force of pounds daily exchange on forex trading Wednesday (14/9), still presents obstacles to movement of GBPUSD pair that fell badly after a strong rebound. In the end of American trading session last night (13/9), Pound retreat enough compared to rivals other US dollar triggered by disappointing economic data. Exchange rate of the British pound under intense pressure from UK inflation rate in August and the country's housing price index in July. UK inflation rate remained stable and the rate of producer prices down in August. Office for National Statistics reported inflation rose 0.6 percent year-on-year in August, increased levels below economists' expectations of 0.7 percent. In addition the growth rate of UK house prices slowed in July but a strong trend seen since the end of 2013 as reported by the Office for National Statistics (ONS) where the average house price rose 8.3 percent in July from a year earlier, slower than the growth of 9 , 7 percent in June. To this day the movement, the movement of pounds will be influenced very strongly by the performance data of UK labor market both on a quarterly basis as well as in July. The data in the form of wage increases quarterly level data, jobless claims data as well as the unemployment rate in July. Third, data is expected to give negative sentiment for the movement of the British pound. Sterling exchange rate on overnight trade dropped 1.4 percent from the previous trading day to around 1.3194 after earlier trading at 1.3337 and closed at around 1.3336.
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The price of CPO in Malaysia commodity exchanges in trading Wednesday (14/09) was observed to fall. A weaker CPO prices this afternoon triggered a decline in exports and an increase in Malaysia producing plant. Data from the Malaysian Palm Oil Board (MPOB) show while exports surged 30.9 percent. Meanwhile, production is expected to show a seasonal increase in September and October. A Reuters poll found that the production is expected to rise 9.7 percent to 1.74 million tons and CPO price most active contract on the commodity exchanges Malaysia today seems weakened November 2016 contract price which is the most active contract fell by 29 ringgit and traded at 2,563 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade will weaken depressed anxiety increased production. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the support level at 2,510 ringgit . While the level of resistance to be tested if there was a strengthening is at 2,660 ringgit.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
he US dollar sign on Asia session on Wednesday (14/9) is very confident to go faster than all its main rivals after earlier trading received a strong force for the rally. Power of dollar is getting stronger overnight by dovish statement which shows the impact of one governor of the Federal Reserve before fading. Dollar strength yesterday was also obtained by weak fundamentals driving the currency rivals such as the euro and the pound, which received a negative sentiment of economic data both in the European region. Observed in the spot market only Asian session dollar weakened against the aussie and Canadian dollar, by technical movements after the exchange rate has been very low and triggered bargain hunting. For movements today the dollar got a positive sentiment from all rivals despite weakening fundamentals in the evening session got a little pressure on import price data expected contraction. The dollar index, which measures the strength of US dollar against six major currencies traded stronger after the start of trading on Asian session where it opened higher at 95.52 and is now movin to around 95.61. The US dollar closed the previous trading rebounded 0.40 percent. -
Can no deposit free money help you achieve success on forex ?
myregister replied to kaito kid's topic in Forex Newbies
Yes it could be use for that but the main point here is that bonus also could be used to make your trading easier since you don't have to make a deposit especially for the one who prefer instant way to get money from this business, but remember no free lunch, they do something like this for the sake of getting more people to join their services -
The price of arabica coffee futures on ICE Futures exchange New York at the close of trading on Tuesday morning (13/09) ended down. Arabica coffee price decline triggered by the recovery of weather restore coffee production. Traders stated that the weather conditions are generally normal and non-threatening for the global coffee supply long term. Arabica coffee futures prices for the most-active contract closed down in December 2016 at 1.5090 dollars, down by -0.25 cents or equal to -0.17 percent. Analyst estimated that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade is projected to rise to a potential weakening of US dollar after the waning of US interest rate hikes. This commodity has potential to test the resistance level at 1.5400 dollar. While the level of support that will be encountered if the decline happend at 1.4800 dollars.
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Pound exchange rate movements of the Asian session (05:15:35 GMT) moving weak against US dollar after opening lower at 1.3336 in early trading (0000 GMT), the pound exchange rate fell 0.05% and the rolling value is at 1.3335. Pound at the end of Asian session moving retreat after a strong move by gloomy expectations for Fed rate hikes after the Fed statement Lael Brainard governor. In the European session the pair is expected to rise again by economic data released sentiment and negative sentiment that is pressing the US dollar. Technically GBPUSD can rise to the range of 1.3350-1.3413 if the correction the pair did not happen. But if the pair breaks this will be weakened heading to 1.3180 range. So the normal range on the GBPUSD pair is estimated to have the support level at 1.3139 and the level resistance at 1.3472.
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The price of CPO in Malaysia commodity exchanges on Tuesday (13/09) was observed to fall. A weaker CPO prices this afternoon triggered by weakening of crude oil on Asian trading session. Crude oil prices fell in early trading on Tuesday in the Asian session amid fears of rising drilling in the United States and as investors took profits after oil prices rose close to 1 percent in the previous session. US crude oil futures price of West Texas Intermediate fell 41 cents, or 0.9 percent, at $ 45.88 per barrel. Brent crude futures traded at $ 47.98 per barrel and down 34 cents, or 0.7 percent, from their last settlement. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. It estimated that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. Price movements can also be affected by currency movements Ringgit and the global supply and demand conditions. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test support level at 2,560 ringgit. While the level of resistance to be tested if there was a strengthening at 2,660 ringgit and 2,710 ringgit.
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USDJPY pair movement in the Asian session (04:15:35 GMT / 11:15 pm) was moving strongly after opened higher at 101.86 in early trading (0000 GMT), and now the pair's rolling value is located at 101.95. Yen in Asian session that had a strong move lower again by the pull of the dollar and yen fundamental sentiment itself. Solid manufacturing data from a survey by Japanese finance ministry and BOJ stance disappointment where will market the tug will next monetary policy makes yen attract each consolidation. Technically, USDJPY could fall into the range between 101.25-100.73 if the current strengthening of the position does not reach the range between 102.35-102.96. So the normal range on the USDJPY pair is estimated to have support level at 100.08 and the resistance level at 103.44.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie exchange rate movements in the Asian session (04:30:35 GMT / 11.30am) was moving weak against US dollar, after opened lower exactly at 0.7565 in early trading (0000 GMT), while now the exchange rate dropped 21 pips and rolling value is at 0,7544. Australian dollar exchange rate experienced on Asian session by profit taking after early trading last week successfully rebounded strongly from a weaker third consecutive day the previous week. Aussie weakened ignored positive sentiment from NAB business sentiment survey data which shows the score increases. Aussie came under pressure from the drop in crude oil prices were also entertained the consolidation of the data of China. Technically AUDUSD continues down to the range between 0.7535-0.7497, but if it does not reach this range then pair could climb back into 0.7572-0.7627. So the normal range on the AUDUSD pair is estimated to have the support level at 0.7455 and the resistance level at 0.7658. -
Euro exchange rate movements on European session (06:30:35 GMT) weakened against US dollar after opening where the price opened higher at 1.1235 in early trading (0000 GMT), the Euro exchange rate is now rolling at 1.1214. Euro exchange rate is moving in consolidation since the beginning of Asian session because of negative movement against US dollar, but entered the European session will be a positive move by the gloomy projections of dollars at evening session. Economic data released this afternoon from Germany showed mixed data. Technically, EURUSD could rise to 1.1252-1.1293, but if it does not reach this range then it may fall to 1.1210-1.1170. And if failed to do so, then the pair will go up to around 1.1300. And today is expected to have the support level at 1.1144 and the resistance level at 1.1320.
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Gold prices fell slightly in late trading early Tuesday morning because of the pressure of speculation over a potential rise in US interest rates this month offset the appeal of safe-haven metal amid broad weakness across other assets. Spot gold was nearly flat at $ 1,327.51 per ounce, down slightly 0.02 percent. While US gold futures settled $ 8.90 at $ 1,325.60 and was last down 0.19 percent to $ 1.332. Amid market concerns that the Fed was about to continue the cycle of interest rate hikes, Fed Governor Lael Brainard a warning tone to the movement too fast in a speech on Monday. The weakness of inflation and the uncertain development "counsel caution in shifting policy accommodation," said Brainard, a statement delivered on to The Chicago Council on Global Affairs. "I believe this approach has served us well in recent months, helping to support further gains in employment and progress on inflation." The possibility of a rate hike at the Fed's next meeting as soon slumped after news Brainard speech.After Boston Fed President Eric Rosengren speak on Friday, the possibility of a rate hike in September seen at 30 percent, up from 24 percent before his comments. It estimated that the price of gold may rise to the weakening of US dollar after the easing of US interest rate hike expectations. The price of gold is estimated in the range of $ 1,329- $ 1.331 and if the price falls down further then the price range is between $ 1,325- $ 1.323 which act as support.
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Crude oil prices rose in late trading early Tuesday morning because of the weakening US dollar and the strengthening of US stock market helped crude oil rebounded from earlier declines are depressed by fears of rising oil drilling activity in United States. Data of the energy monitoring service Genscape showing the results of withdrawal of 330 611 barrels in Cushing, Oklahoma delivery hub US crude oil futures in six days until 12 September also supported oil prices, said traders viewed data. Because of that US crude oil futures price of West Texas Intermediate rose 37 cents to $ 46.25 a barrel, after trading as low as $ 44.72. Brent crude futures rose 30 cents to $ 48.31 per barrel, at 14:38 having earlier dipped below $ 47. Markets are driven by expectations of easing of US interest rate rise this month, which makes the dollar lower and higher equity markets. Softer dollar makes dollar-denominated commodities, including crude oil, more affordable for holders of the euro and other currencies. Basically, oil prices got a boost Thursday after government data showed a remarkable decline of 14.5 million barrels of US crude oil stocks for the week ending 2 September largest weekly drawdown since 1999. Traders said the price had earlier fallen on Mondays and Fridays are the result of increased oil drilling activity in the United States, indicating that manufacturers can operate profitably at around current levels. OPEC, on Monday estimated oil production from non-cartel rivals will grow faster than originally estimated in 2017, pointing to a greater surplus than previously estimated. A number of key members of the group, including Saudi Arabia, have hinted they may be willing to consider a freeze on production, although there is no certainty among market players that a deal could materialize in the near future. Even if the exporter agreed on a freeze of production around current levels, analysts said that would slightly raise prices for most exporters pumping out oil at or near record levels, and has been adapted to do so at a lower price. Prices are expected to penetrate the Support range between $ 45.75 - $ 45.25, and if the price rises will penetrate resistance range between $ 46.75 - $ 47.25.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
US Dollar managed to enter the Asian session trading with the higher position but after the consolidation by the pull of sentiment. US dollars in the previous session observed rallied by retreat from 3 days since a dovish statement of one Governor of the Federal Reserve overnight. Considering trading market safe havens such as the yen and gold, but in the market of Asia stock indexes show some steady strengthening and trigger the lifting of US dollar. Fed Governor Lael Brainard last evening, suggested US central bank to maintain a loose monetary policy to address the current economic conditions. This statement slapped all high-ranking officials Fed comment more on the contrary expect a rate hike is needed. Observed in the spot market of the Asian session the dollar weakened along with its main rivals except Yen which is currently trading benefited from safe-haven rhythm. And to the movement of US dollar today expected to weaken by a strong fundamentals driving by the quiet daily fundamental factor. The dollar index, which measures the strength of US dollar against six major currencies moved lower after trading early trading on Asian session which opened lower at 95.12 and is now moving to around 95.11. The US dollar closed the previous trading 0.20 per cent retreat. -
ICE Futures price of cocoa futures at the end of trading on Tuesday morning (13/09) closed rebounds. Strengthening cocoa prices triggered by the weakening US dollar. The US Dollar Index down 0.24 percent against a basket of six major currencies, after dovish statement Fed Governor Lael Brainard, who stated while economic progress continues, it would be wise for the Fed to keep monetary policy loose. A weakening US dollar makes dollar-based commodities cocoa becomes cheaper in other currencies. At the end of trading early this morning the price of cocoa futures contracts in December 2016 which is the most active contract closed with a record increase was observed. The commodity price closed up by 28 dollars, or 1.01 percent at 2,790 dollars per ton. It estimated that cocoa futures to trade the potential strengthening further if US dollar continues to weaken with the prospect of waning US interest rate hikes. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 2,840 dollar. If the resistance level is successfully penetrated the next level is 2,890 dollars. While the level of support that will penetrate if there is a decline is 2740 dollars and 2690 dollars.
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At the end of trading Tuesday morning (13/09), Rotterdam coal price rise pushed US crude oil price increases. Crude oil prices rose in late trading early Tuesday morning because of the weakening US dollar and the strengthening of the US stock market helped crude oil rebounded from earlier declines are depressed by fears of rising oil drilling activity in the United States. At the end of the trading price of coal Rotterdam futures contract for November 2016 in the position of 61.05 dollars per ton. Commodity prices gained 0.35 dollars or equivalent to 0.58 percent compared to the previous Analyst estimates that coal futures price movements Rotterdam at the next trade is projected to rise to a potential dollar weakness with the easing of US interest rate hikes. The price of coal futures could potentially test the resistance level at 61.50 dollars and 62.00 dollars. While the level of support that will be tested if prices decline is at 60.50 dollars and then towards 60.00 dollars.
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In late trading the weekend early Saturday (10/09), Rotterdam coal price rises driven decline in coal production.Manufacturers have been lowered with an estimated annual production of 20.9 million st, or 24%, according to S & P Global Platts Analytics. China also has reduced coal production capacity of 150 million tons in the first eight months of this year, representing 60 percent of the 2016 target for cutting capacity, state media said Friday, citing the state planners. At the end of the trading price of coal Rotterdam futures contract for October 2016 is at 61.30 dollars per tonne. This commodity prices strengthened by 0.15 dollars or compared to the previous closing. For the week, the price of coal fell -3.25 percent, mostly pressured the strengthening US dollar. It estimated that futures price movements Rotterdam at the next trade with weak potential by the strengthening of US rate hike. The price of coal futures could potentially test support at 60.80 dollars and then next support at 60.30 dollars. While the level of resistance to be tested if the price increase is at 61.80 dollars and then to around 62.30 dollars.
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Crude oil prices fell lower in late trading weekend early Saturday, but posted its first weekly gain in three weeks after Russia and Saudi Arabia have agreed to work together to help balance the market and after a surprisingly large drawdown in US crude inventories. NYMEX crude futures for October delivery fell $ 1.73 at $ 45.89, While the price of Brent crude oil futures for November delivery fell $ 1.97 at $ 48.02 per barrel after rising above $ 50 for the first time in two weeks on Thursday. Both crude oil pressured by a stronger dollar index amid concerns over the health of the EU economy. The International Energy Agency said it expects demand for oil to eventually exceed supply in the third quarter 2016, which means a record global crude oil inventories began to fall.But analysts from Morgan Stanley said in a note on Friday there was a risk the market may not balance until later. "Once again, we see the possibility of increasing the time some unexpected bearish developments to come together, which could encourage failure of re-balancing (seasonal demand exceeds supply) until the end of 2017, or even 2018," said Morgan Stanley. If manufacturers OPEC and non-OPEC agreed to implement measures to restrict the supply when they meet next month in Algeria, it will help balance the market. Algerian Oil Minister, on Friday said two separate agreements may be required between members of OPEC and non-OPEC, highlighting the difficulties seize the offer. Iran's oil production growth has stalled in the last three months, new data showed, suggesting Tehran may be struggling to meet its plan to increase production to new highs. Analyst estimates that the price of crude oil at the next trade potentially weak with a potential rise of US dollar. Prices are expected to penetrate the Support range between $ 45.40 - $ 43.90, and if the price rises will penetrate resistance range between $ 46.40 - $ 46.90.
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USDJPY pair movement in the European session (07:00:35 GMT) moving strongly against US dollar, considering that after this pair opened higher at 102.55 in early trading (0000 GMT), and now the pair rolling value is located at around 102.28. Safe-haven yen on Asian session still managed to move positively as opposed to the dollar still has the support improvements Japanese economic data released since the morning. The release of positive economic data due to be above expectations but if lower than the previous period. Technically, the USDJPY is expected to fall again into the range between 102.07-101.30, but if it does not reach this range then this pair will rise to the range between 102.77-103.21. So the normal range for this USDJPY pair today is expected to have the support level at 100.44 and the resistance level at 104.64.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie exchange rate movements in the European session (07:35:35 GMT) moving weak against US dollar, after the price of AUDUSD opened lower at 0.7537 in early trading (0000 GMT), and is now the rolling value of AUDUSD is at 0.7505. Technically, this pair is heading the range is also strong support. Aussie European session further depressed after 3 consecutive days before the natural attenuation, AUDUSD is now heading to the weakening of the innermost three months against US dollar. The currency market participants release coincides with the performance of crude oil that is being depressed supported this one. Technically, the AUDUSD is expected to decline further to around 0.7495-0.7454 or even more, so it seems that the normal range of AUDUSD pair is estimated to have the support level at 0.7333 and then the resistance level which could be met at 0.7817. -
United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
Although last week for 3 consecutive days rally by expectations of Fed rate hikes in the near term bounce back, on a weekly basis are still not able to show a positive performance after 2 weeks before the rally. This was due to the beginning of US dollar experienced a hard blow by the agreement of the G20 meeting. But this morning the spot market was observed in Asian session US dollar was little changed as profit-taking by lonely drive strong fundamentals to continue the effort last week's rally. Ending last week's trading the dollar received additional power from Fed officials were hawkish statement. Boston Federal Reserve President Eric Rosengren said the gradual tightening of monetary policy tends precisely to ensure the US economy remains on the right growth rate. Fed officials argue that low interest rate policy alarming. On the other hand one of the other Fed officials, Daniel Tarullo less sure about a rate hike in September, but the Fed would consider tightening policy before the end of the year. For the movement of the US dollar today is expected to rally again after the European session opened respond to quiet the fundamental driving force rivals in the European region. At the evening session the positive power can be increased if other Fed governors speech Lael Brainard delivered hawkish comments. The dollar index, which measures the strength of US dollar against six major currencies moved lower after opened lower at 95.26 on Asian/Tokyo session and is now moving position at around 95.25. Compared to the last week range then US dollar index closed up to 0.30 percent. -
Euro on forex trading amid European session on Monday (9/9) having difficulty to move positively while US dollar was pressured by its rivals, which was triggered by weakening sentiment last week when the ECB issued a policy that does not like the market. ECB set to not change its policy overnight interest rates already are at the lowest position and also do not add to the bond purchase program will end in March 2017. This policy was very disappointing the market and make fundamental euro darkened and because of that Euro exchange rate movements on early European session is weakening against US dollar, after opening lower than the previous trading at 1.1233 in early Asian trade (0000 GMT), the natural weakening euro exchange rate 15 pips and rolling values at 1.1222. For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates EURUSD pair further will fall down to the range between 1.1205 - 1.1184. But if the price cannot fall down instead rise up then the price may reach the top at 1.1266 or even more.
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Cocoa futures on ICE Futures trading late weekend early Saturday (10/09) closed slump. The weakening of cocoa prices and strengthening of US dollar triggered the cancellation of export.The US dollar's rebound came after Boston Fed President Eric Rosengren said the US central bank is increasingly at risk if we wait much longer to raise interest rates, adding to pressure on cocoa on Friday. A stronger dollar makes dollar-based commodities cocoa have become more expensive in other currencies, so the demand decreases. Cocoa prices fell to their lowest in months on Friday on news that top producer Ivory Coast can cancel and sell 200,000 to 250,000 tonnes of exports, which would encourage exporters to hedge, weighed on futures prices. Terry Roggensack, the main founder of the Hightower Report in Chicago, said traders viewed the news as a bearish signal in the short term.They are waiting for next week's documentation of a handful of exporters, which are required to show proof that cocoa is sold. At the end of Saturday morning trading cocoa futures contract price in December 2016 which is the most active contract closed down observed. The commodity price closed down by -4.26 percent at 2,762 dollars per ton. The drop in the price of cocoa on the weekends driven down the price of cocoa weekly to -4.76 percent. It estimated that the price of cocoa futures for the next trade will move in a limited tendency to weaken the potential strengthening of the US dollar after the ECB decision.For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,710 dollar. While the resistance level which will penetrate if there was a strengthening there is at 2,810 dollars.
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Gold prices slipped for a third day at the end of trading the weekend early Saturday due to hawkish comments about US interest rates from a Federal Reserve official helped lift US dollar to a session peak, and as buyers continue to profit-taking on the rally this week. The US dollar's rebound came after Boston Fed President Eric Rosengren said the US central bank is increasingly at risk if we wait much longer to raise interest rates, adding to pressure on gold on Friday. Spot gold was down 0.6 percent at $ 1,329.66 an ounce on Friday, while gold futures for December delivery settled at $ 1,334.50 and at $ 1,333.60. Gold prices are 0.8 percent higher this week, having peaked at $ 1,352.65 per ounce after rallying 1.8 percent on Tuesday. This precious metal is on track for a second weekly gain in a row after a poor US jobs data sparked hopes that the Fed will delay raising rates at its policy meeting in September. Estimates for further policy differences between the United States and the euro zone eased after the European Central Bank hold further policy easing at a meeting on Thursday. "The ECB's decision to leave policy unchanged may have refocused market participants on the possibility that the Fed send a hawkish signal in the coming days before the pre-meeting quiet begins next Tuesday," said BNP Paribas in a note. Analyst estimates that the price of gold could potentially weakened by the strengthening US dollar. However, it should be observed weakening of Wall Street and Europe if pressing global exchanges may lift gold prices. The price of gold is estimated in between $ 1,328- $ 1.326 and if the price falls to around $ 1,332- $ 1.334.
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The price of arabica coffee futures on ICE Futures exchange at the close of New York trading the weekend early Saturday (10/09) negative ends. The weakening of arabica coffee prices depressed the strengthening of the US dollar.The US dollar's rebound came after Boston Fed President Eric Rosengren said the US central bank is increasingly at risk if we wait much longer to raise interest rates, adding to pressure on coffee prices. The increase in the US dollar makes commodities traded in the currency is becoming relatively more expensive for foreign buyers that follow eroded demand weakened. Arabica coffee futures prices for the most-active contract closed down in December 2016 in the position of 1.5115 dollars, down by -3.75 cents or equal to -2.42 percent. The resulting decline in this weekend negate the results of the weekly, edged down -0.17 percent. Analyst estimates that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade will weaken with the potential strengthening of US dollar. It may test support at 1.4800 dollars and 1.4300 dollars. While the level of resistance that will be encountered if price decline is at 1.5400 dollars and 1.5700 dollars.
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@greatness123 Yes, it exist since the ancient times even in more primitive form, and unless us humans combined into one country maybe like in StarTrek, then forex will be exist and flourish and i think in 15-30 years foreign exchange will be still exist no matter what, i am positive about that maybe few currencies reduced but still you still able to trade with much more stronger currency.