Andrea ForexMart

Technical Analysis for USD/CHF: May 20, 2016 Though the macroeconomic calendar was empty, the investors of Switzerland put their interest to the United States' data. The USA presented the Initial Jobless Claims report wherein the data showed 278,000 against the expected 275,000 and also the Philadelphia Fed Manufacturing Survey wherein -1.8 againts the report 3.5. The primary support occurs at 0.9850 and at 0.9750 subsequently. The primary resistance stands at 0.9940 and at 1.0020 subsequently. An inveterate and a solid buy signal. The price is over the Ichimoku Cloud and it is on top of the Chinkou Span. The Tenkan-sen forms a horizontal movement and the Kijun-sen creates an ascending movement. This activity will remain until the price is on top of the Cloud. The MACD indicator is in a positive location. The price is consolidating.

Technical Analysis for EUR/USD: May 20, 2016 Bonds Market. The interest in the European assets lessened due to the decline in the 10-year German government bonds yield. Protocols were presented by the ECB. The euro could not be sustained by the issued ECB minutes. The primary support occurs at 1.1150 and at 1.1040 subsequently. While the primary resistance resides at 1.1260 and at 1.1350 subsequently. An inveterate and a solid sell signal has been found. The price is below the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement. This activity will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is correcting.

Technical Analysis for USD/JPY: May 19, 2016 The primary Gross Domestic Product of the Japanese for Q1 stabilized as the data came in at +0,4% against the report 0,1%. On a yearly basis, the GDP has increased by 1,7% during the first quarter. In the midst of the upgraded data in Japan and the United states, the expectation that the Bank of Japan will weaken the monetary policy even more has been diminished. The first support occurs at 109.80 and at 109.00 subsequently. The first resistance stands at 110.60 and at 111.40 subsequently. An inveterate and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chinkou Span. The Tenkan-sen and the Kijun-sen display an ascending movement. This activity will remain until the price goes over the Cloud. The MACD indicator is in a positive location. The price is increasing.

Technical Analysis for EUR/USD: May 19, 2016 As the expectations that the Fed would heighten the rates is growing, the US dollar increased contrary to the euro on Wednesday. The Consumer Price Index for April reached 0,2% against the expected -0,2% as published by the Euro zone. The first support occurs at 1.1260 and at 1.1150 subsequently. The first resistance resides at 1.1350 and at 1.1450 subsequently. A confirmed and a sturdy sell signal has been found. The price may be found below the Ichimoku Cloud and it is below the Chinkou Span. The Tenkan-sen and the Kijun-sen display a descending movement. This activity will remain until the price goes below the Cloud. The MACD indicator is in a negative location. The price is declining.

Technical Analysis for GBP/USD: May 18, 2016 Bonds Market. The 10-year UK government bonds yield decreased which lessen the investments of the British assets. The UK presented Consumer Price index for April wherein the data came in at 0,3% y/y against the report of 0,5% y/y. The first support occurs at 1.4400 and at 1.4320 subsequently. The first resistance stands at 1.4480 and at 1.4560 subsequently. The price is in the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement creating a "Dead Cross". The MACD indicator is in an impartial location. The price is correcting.

Fundamental Analysis: May 18, 2016 We heard a lot of economic news on Tuesday, US data being the main driver of the day. The States has given the report of Core Consumer Price Index to the public wherein the data came in at 0,2% which occur simultaneously with the report and also the Industrial Production which reached 0,7% against the reported 0,3%. The Federal Reserve representatives, Williams and Lockhart gave their statements. The idea of raising the rates twice or thrice this year was supported by Williams. Meanwhile, Lockhart stated that the negative rates scenario was not intended. As for the Eurozone, it only published their positive Trade Balance for March wherein the data came in at 28.6 billion against the report of 22.5 billion. Since September last year, the inflation in the UK decelerated in April for the first time which also caused the pound to lessen its gains contrary with the dollar. After increasing by 0,5% in March, the Retail Price Index grew by 0,3% y/y. The inflation was expected to stay at 0,5% by the traders, but the British inflation has been low from the target level of 2% for more than 2 years. In March, the Japanese Industrial Production aggressively increased wherein the data came in at 3,8% against the previous 3,6%. While the Capacity Utilization grew from -5,4% to 3,2% in March. But still these statistics could not support the yen.

Technical Analysis for EUR/USD: May 17, 2016 We have not heard any significant news last Monday. Since it was the Day of the Holy Spirit, most of the European markets were closed to celebrate the event. Meanwhile, in the Bonds Market, the 10-year government bonds yield in Germany decreased which also lessen the charm of the European assets. The first support occurs at 1.1260 and at 1.1150 subsequently. The first resistance lies at 1.1350 and at 1.1450 subsequently. A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen displays a descending movement and the Kijun-sen forms a horizontal motion creating "Dead Cross". The descending movement will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is declining.

Fundamental Analysis: May 17, 2016 Earlier on Monday, the dollar has stabilized as the sturdy US reports, Retail Sales and Consumer Sentiment, reduced the investor's concerns regarding the development in the economy. The positive data also enliven the expectations that the Fed may brought up the interest rates as soon as possible contrary with what is expected. But later on, the dollar dropped to its low. The Monday trading was frail with inferior volatility amidst the empty economic calendar. The financial markets in Germany and France refrain from working as they celebrate the Holy Spirit on Monday. We have not heard any significant report from the UK. Meanwhile, the previous gains of yen in opposition with the dollar was lost. The reason of its fall was because of the unsatisfying Chinese economic forecasts. The center of our attraction this week would be the Machine Tool Orders in Japan, the forecast of the Fed, Consumer Prices and the Industrial Production in the Us.

Technical Analysis for USD/JPY: May 16, 2016 The Service Sector activity in Japan has reduced more than expected last month. Tertiary Industry Index seasonally corrected displayed -0,7% contrary with -0,1% in the recent month. The experts anticipated a decrease to -0,2%. The first support occurs at 108.20 and at 107.40 subsequently. The first resistance stands at 109.00 and at 109.80 subsequently. The price is in the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen forms a horizontal movement and the Kijun-sen displays an ascending movement. The MACD indicator is in a positive location. The price is consolidating.

Technical Analysis for GBP/USD: May 13, 2016 The significant event on Thursday was the inflation report of the Bank of England. As we have expected, the Central Bank statements about the economy and the inflation increase were quite negative. The rate remained unmodified by the UK regulator at the level of 0,5%. The first support occurs at 1.4400 and at 1.4320 subsequently. The first resistance stands at 1.4480 and at 1.4560 subsequently. A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen displays a horizontal motion and the Kijun-sen forms a descending movement creating a "Golden Cross". The descending movement will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is declining.

Fundamental Analysis: May 13, 2016 The sturdiness of the world economy was left vague even though the dollar was sustained by the restored risk appetite. The Initial Jobless Claims volume was issued by the US wherein the data came in at 294,000 contrary with the expected 270,000. The political event of the day were the statements which came from Rosengren E. and Mester L, the Fed representatives. Mester stated that the risks which relative with the Fed reports should not affect the monetary policy management. While Rosengren proposed that the risks of leaving the rates unmodified seem too inferior for a long term of time. The Germany issued the Wholesale Price Index wherein the data came in at 0,3% m/m in opposition with the expected 0,2% m/m while the Eurozone issued Industrial Production wherein the data came in at -0.8% m/m contrary with the expected 0.1% m/m. The significant event of the day was the Bank of England meeting. The rate was remained unmodified by the regulator at 0.5%. At the same time, the inflation report of the Central Bank became the center of attraction. We hope that the growth in assessment of the inflation in the present year could help the pound to rise and counterbalance concerns about the cost of lending decrease. The Central Banks anticipates the inflation to restore at 0.2%. In the midst of short positions closing, the dollar still managed to increased in opposition to yen. However, the US currency was still under pressure caused by the vagueness of probable increase in the global market.

Technical Analysis for USD/JPY: May 12, 2016 The increase of risk appetite caused a positive effect on investor's sentiment. As a funding currency, the yen were pressured by the optimism showed by the leading stock exchanges. However, the US and Japanese government bonds yield differential had been decreasing for many consecutive trading days. The dollar/yen pair decreased by the end of the trades. The first support occurs at 108.20 and at 107.40 subsequently. The first resistance stands at 109.00 and at 109.80 subsequently. The price is in the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen displays a descending movement and the Kijun-sen forms a horizontal movement. The MACD indicator is in a positive location. The price is consolidating.

Fundamental Analysis: May 12, 2016 Yesterday, in opposition with the US dollar, the major pairs has been rectified. We haven't heard EU stating significant data and the market's volatility was weak. The market was not affected by the British data through the main cross-pair EUR/GBP and most of the trades were unperturbed and smooth. The scarcity of drivers helped the UK market to stay still. But the forthcoming referendum can probably become one of the drivers in the future. As stated by Michael Sanders, Bank of England Monetary Committee representative, if Britain favors the exit from EU, the Central Bank will be obliged to heighten the rates to 3.5% by the end of 2017, because the exit out of the EU union will facilitate the slump of the pound and will probably strengthen the inflation. Due to the profits taken by the investors, the dollar slumped in opposition with the yen on Wednesday. It was an aftermath of the recent rally gaining a two-week highs and the Japanese speech regarding its preparation for an intercession. Yet, Japan were expected by many investors to refrain from doing any activity to enfeeble the yen before the G7 meeting.

Fundamental Analysis: May 11, 2016 Tuesday, the dynamics of the market was enliven with the help of the calendar of economic events. Job Openings was issued by the US wherein the data came in at 5.757 million contrary to the report of 5.431 million. The euro currency heightened a little in opposition with the dollar. The euro zone has made a report about Industrial Production in Germany for March which the data dropped low more than what was expected wherein it came at -1,3% contrary with the expectations of -0,2%. Meanwhile, exports displayed a fast growth showing 1,9% against expectations -0,1%. The Trade Balance which has sustained the pound was showed by the United Kingdom. The Bank of England Governor Mark Carney apprised the commercial banks and other financial institutions regarding a probable rate cut if ever the UK departs from the European Union. The fall of the yen currency is an aftermath of the statement of the Minister of Finance on Monday. If it happens that the yen continues to grow, the regulator is ready to intercede, as stated by the ASO. The Japan Minister of Economy Nobuteru Ishihara stated that after the rally of the yen in the past week, he is nearly observing the financial markets.

Technical Analysis for AUD/USD: May 10, 2016 The AUD/USD has now settled at the 0.73 handle as data from China, Australia’s largest trade partner, did little to boost the Australian dollar’s value against the greenback. The AUD bottomed at 0.7299 today and peaked at 0.7351. The impact of China’s bearish consumer prices, which grew by 2.3 percent in April from the same period last year, was lukewarm. Markets were expecting a 2.4 percent rise. Its PPI fell by 3.4 percent, not as much as the forecasted 3.8 percent decline. Exports and imports, which stood at -1.8 percent and -10.9 percent y/y respectively, were also on the red. Buying interest on the USD firmed slightly due to an increase in wages, which was up 0.3 percent m/m in April and 2.5 percent y/y. Only 160,000 jobs were added to the nonfarm payrolls opposed to a projected 202,000 additional positions. The spot exchange is now at 0.7339 and the price is rising. However, we are yet to see the AUD breach 0.74 today. The immediate support is at 0.7272 and 0.7236 subsequently while the first resistance is at 0.7364 and 0.7397 subsequently. The MACD indicator is in a negative location.

Technical Analysis for GBP/USD: May 6, 2016 The sterling hardly reached the 1.45 level when dismal figures on the UK’s services sector was released. GBP/USD retreated to 1.44 levels and bottomed at 1.4456. The current exchange rate is 1.4496. The service industry’s purchasing managers index (PMI) slimmed to 52.3 in April from the previous month’s 53.7, recording the softest PMI in three years. Economists expected a 53.5 growth. Traders are closely watching for the NFP data from the US which will help decide the Fed’s next move on its interest rates. The first support is at 1.4442 and 1.4403 subsequently while the first resistance is at 1.4494 and 1.4496 subsequently. The MACD indicator is in neutral location. The price is increasing.

Technical Analysis for AUD/USD: May 6, 2016 The anticipation for the US’ nonfarm payrolls blocked the AUD’s slight uptrend on Thursday session, sending it down to slump at 0.73. The current spot exchange is 0.7372. A decline in crude oil prices and the RBA’s statement of monetary policy (SOMP) released today tightened the bears’ grip on the AUD/USD. After the RBA slashed interest rates to 1.75 percent on Tuesday, its SOMP revealed further cuts on inflation forecasts. From the previous estimate of 2 to 3 percent growth, the RBA lowered its projection for the 2016 to just 1 to 2 percent. The central bank is aiming for a 2 to 3 percent inflation rate by the end of the year. Forecasts for the next two years’ inflation were also revised down to 1.5 to 2.5 percent from the initial 2 to 3 percent. RBA’s statements indicated another possible rate cut. The MACD indicator is in a negative location. The first support is at 0.7459 and 0.7422 subsequently. The first resistance is at 0.7522 and 0.7560 subsequently. The price is falling.

Technical Analysis for AUD/USD: May 5, 2016 Favorable market data trimmed the Aussie dollar's losses and bounced it back to 0.75 handle in the early session. Australia's statistics bureau revealed on Wednesday that retail sales gained 0.4 percent in March from February's 0.1 percent, topping a projected 0.3 percent growth. However, retail sales for the first quarter only rose by 0.5 percent, just 0.2 points shy of analysts' 0.7 percent expectations. Retail sales in Q4 of 2015 was 0.6 percent. But the upbeat data still failed to propel the once-glowing USD to 76 cents. AUD/USD is currently trading at 0.7492, struggling to break through 0.75 level, although it reached an intraday high of 0.7515 before sinking back down. Scott Morrison, Australia's treasurer, said on Thursday that RBA deputy governor Philip Lowe will take Glenn Stevens' place as governor on September 18. Lowe will fill the post for seven years. The first support occurs at 0.7416 and 0.7379. The first resistance is at 0.7488 and 0.7525. The MACD indicator is in negative location. The price is increasing.

Technical Analysis for GBP/USD: May 4, 2016 Declining to its bottom-most level since February 2013, the Markit Manufacturing PMI in the UK modulated to 49.2 in April. This data was lower than the re-assessed value of 50.7 in March and below the economists' expectation of 51.2. The Manufacturing is still one of the most unpredictable sectors of the economy and still faces challenges including poor demand in the Asian markets and the slowing down of the euro area. The first support occurs at 1.4480 and at 1.4400 subsequently. The first resistance stands at 1.4560 and at 1.4670 subsequently. A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen and the Kijun-sen display a horizontal motion. The ascending movement will remain until the price is on top of the Cloud. The MACD indicator is in a positive location. The price is strengthening.

Fundamental Analysis: May 4, 2016 Insignificant forecasts has been issued by the USA which is the ISM New York and IBD/TIPP Economic Optimism indices wherein the data came in at 48,7 in opposition to the reported 46,6. The stabilization of the price can be viewed already, yet it is too soon to determine whether this is enough for a rate hike. At the next meeting that will take place in June, the decision for the rate hike will come up. Meanwhile, the Producer Price Index in Eurozone for March displayed -4.2% wherein the report was -4.3% and the recent value was -4.2%. And for the first time this year, the index heightened. It could be a sign that the growth is impossible to decline for the next months. The pound reduced on Tuesday from being on peak for four months when the manufacturing activity of the UK dropped in April for the first time over the past three years wherein the data came in at 49.2 from 51.0 in March contrary to the reported 51.2. The index that has been issued heightened the concerns regarding the probable growth in the second quarter. Meanwhile, in the midst of the Constitution Day, the Bank of Japan did not have any activity on Tuesday.

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Technical Analysis for USD/JPY: May 3, 2016 The Manufacturing PMI of the USA for April heightened to 51.8. Many traders had looked forward for the index to lessen by 51 in opposition to 51.5 recorded in March. Meanwhile, the Manufacturing PMI of Japan surpass our expectations and grew by 48.2 contrary to the report of 48.0. The first support occurs at 105.80 and at 105.00 subsequently. The first resistance lies at 106.60 and at 107.40 subsequently. A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal motion. The descending movement will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is correcting.

Technical Analysis for EUR/USD: May 3, 2016 In opposition to the anticipation of most of us, the Manufacturing PMI in Germany reduced. The indicator displayed the data of 51.8 contrary with 51.9 in the recent month wherein it was seasonally revised. Meanwhile, experts hoped for the index to be at the recent level of 51.9. The first support occurs at 1.1450 and at 1.1350 subsequently. The first resistance resides at 1.1550 and at 1.1650 subsequently. A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen shows an ascending motion and the Kijun-sen forms a horizontal movement. This movement will remain until the price is over the Cloud. The MACD indicator is in a positive location. The price is growing.

Technical Analysis for NZD/USD: April 29, 2016 The kiwi is hovering 20 pips below 0.70 handle after recording losses from an intraday high of 0.6990. With rate decisions coming from a number of currencies this week, NZD is showing the second strongest performance after the Yen. The ANZ Business Confidence released today showed that companies are expecting positive economic activity as it jumped from 3.2 in March to 6.2 in April. Thirty-five percent of the surveyed firms predict an interest rate cut in the next policy meeting. On the US side, personal spending will be released today while a deluge of data including manufacturing PMI and nonfarm payroll will come next week. The first support is at 0.6918 and 0.6883 subsequently. The first resistance is at 0.7037 and 0.7072 subsequently. The MACD indicator is in neutral location. The price is rising.

Fundamental Analysis: April 29, 2016 On Wednesday, the dollar were constantly steadfast to other major currencies as a preparation for the last Federal Reserve System political speech. Investors put their attention to the result of the political meeting expecting for any signs about the interest rates modification in June. The Fed left the rates remained at 0.5%. In Germany, the Consumer Confidence outstandingly improved as it came at 9.7 in opposition to the recent value of 9.4. The consumers think that the economy of Germany will get better for the next months and look forward to its modest improvement. The EUR/USD stabilized a little. Since the market realized that the UK economy gained by 0.4%, the pound ceased in growing together with the expectations of economists, but it slowed down to 0.6% in the recent quarter. In the first quarter, the UK economy grew by 2.1% on annual basis, which is the same with the recent quarter and rather high than the anticipated 2.0%. The GBP/USD pair reduced by the end of the trades. Meanwhile, the USD/JPY pair heightened by the end of the trades.