Andrea ForexMart

Technical Analysis for USD/CHF: February 19 An aftermath of the Fed's soft comments and the positive report of the trade balance in Switzerland is the dollar being under pressure. The pair, after being low for four days was supported as the franc increased since the Switzerland's trade surplus turned to be noticeable as it grew higher contrary to the forecast. For January, the trade surplus reached 3.51 billion. The pair became stronger by the end of the trades. The first support occurs at 0.9859, the next is at 0.9750 subsequently. The first resistance lies at 0.9960 and at 1.0100 subsequently. The price is in the Ichimoku Cloud and it is under the Chikou Span. The Tenkan-sen displays an ascending movement and the Kijun-sen forms a horizontal movement. The MACD indicator is in a positive location. The price is increasing.

Technical Analysis for USD/JPY: February 18 The economic status of US signified critical signals again. The Housing Market Index fell from 60 to 58 and the Empire State Manufacturing Index displayed -16.64 against the reported -10.00, opposed to the expectations of traders. The Building Permits report for January was issued. The report was 1.204M while the index showed 1.202M. The Producer Price Index displayed 0,1% in opposition to the report of -0,2%. The first support occurs at 113.80 and at 113.00 subsequently. The first resistance lies at 114.60 and at 115.40 subsequently. A confirmed and sturdy sell signal was found. The price is below the Ichimoku Cloud and it is under the Chikou Span. The Tenkan-sen and Kijun-sen create a horizontal movement showing a "Golden Cross". The descending motion will be until the price is below the Cloud. The MACD indicator is found in an impartial location. The price is declining.

Fundamental Analysis: February 17 A new week of trading has begun with a positive entry of the dollar. The purchases of the US currency give sustenance to the positive sentiment for the world stock exchange. And even the recurrence of China to the market after the holidays did not ruin the sentiments. In January, the imports and exports quantity from China reduced by 18.8% and 11.2%. The market in Europe has been out-powered by the banking sector shares. For the Euro, which is a funding currency, the "risk appetite" of the investors is a negative factor as it is increasing. The Germany issued the ZEW Survey - Economic Sentiment for February. The index recent value was 10.2 and the report was 3.2 but it showed 1.0. The EUR/USD decreased. An inflation report for January was issued by the UK. A sturdy labor market indicated that the yearly CPI growth could be a bit better than the agreement report of 0.4%. In November, wages grew by 1.02% while the unemployment rate reduced by 5.1%. Nevertheless, the CPI occurred at the reported median 0,3%. The GBP/USD pair aggressively decreased. The negative macroeconomics data of Japan continue to regain. In the fourth quarter the Gross Domestic Product reduced by 0.4%. In 2015, the number of industrial manufacture has been falling for two consecutive years and the negative trend increased from 1.91% to 2.49%. In the beginning of the year, the aggressive build up of the yen brings further risks to the Japanese economy. The USD/JPY is stabilizing after a downtrend.

Technical Analysis for EUR/USD: February 16 On yesterday's trades, the EUR/USD pair decreased. Before this, the pair's progress was caused by the break out from the risky assets together with the opposite Eurozone data. Exceeding the report, the Eurozone economy increased by 0.3% q/q in the fourth quarter. Traders' attention were dragged by the ECB President Mario Draghi's performance yesterday. As stated by him, the economic restoration is proceeding at medium pace. The first support occurs at 1.1150 and at 1.1050 subsequently. The first resistance stays at 1.1260 and at 1.1350 subsequently. The price is in the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen creates a descending movement and the Kijun-sen forms a horizontal movement which creates a "Dead Cross". The MACD indicator is in a negative location. The price is falling.

Fundamental Analysis: February 15 A down fall of stock markets is an aftermath of concerns about the global economic outlook which also caused the US dollar to be under pressure last Friday. The demand for the yen and the euro heightened. And because of the celebration of Chinese New Year, the Chinese market was closed. The Japanese Finance Minister enlightened the investors that the fleet growth of Japanese yen could be a factor of the regulator's mediation. If there's a need to restrict the yen's growth, the bank will take all the necessary measures to make this happen. The exchange rate has been lately demonstrating quite sharp inconsistency that vary from the BoJ's financial policy, the Finance Minister stated. The Gross Domestic Product of the Eurozone (q/) stayed at the same level of 0.3%, as claimed by the Eurostat. On Friday, the US retail sales forecast for January was issued. The report was at 0.1%, the index occurred at 0.2%. In the initial estimate, the Michigan University Consumer Confidence Index for February was anticipated to increase by 92.6 from 92.0 in January. The index occurred at 90.7, much lesser than it was expected.

Technical Analysis for GBP/USD: February 12 The GBP/USD pair paid no attention to the poor UK data. In January, the industrial production decreased by 1.1% m/m and 0.4% y/y against -0.1% and +1.0% and the former outcome at the level of -0.8% and +0.7%. The GDP of the National Institute of Economic and Social Research (NIESR) for January was approximately +0.4% against the preceding result of +0.6%. The first support occurs at 1.4480 and at 1.4400 subsequently. The first resistance stands at 1.4560 and at 1.4630 subsequently. The price is in the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement. The MACD indicator is in a positive location. The price strengthened. The way to resistance level of 1.4560 will paved if the price breaks 1.4480 and up. If the price sets under the support 1.4400, the descending trend in the short term may proceed. The possible target is 1.4320.

Fundamental Analysis: February 11 Generally, the trader's adherence regarding the world's economic development loosen up and the energy sector's fate is a factor for a new wave of stock indices selling. Immense slate of companies' insolvency abreast with the Deutsche Bank difficult situations whose shares have dropped to the record lows, dispirited investors from trading high-risk assets. We must not rely on the remarkable growth of euro in the medium term due to the industrial production and trade balance poor statistics of Germany for December. In 2015, the industrial production signified an increase of 0.8% but decreased by 2.2%. It is not exceedingly profitable to have a sturdy euro as we find a stable negative trend. The EUR/USD reduced by the end of the trades. The UK issued the industrial production deliverance for the month of December. The index occurs at -1.1% m/m. The GBP/USD pair, in spite of poor manufacturing industry data, rapidly left the lows. The pair slightly grew. This week key event is part of the speech of Janet Yellen, an American economist, to Congress. Her perspective concerning the economy state and the monetary policy future shall determine additional prospects of the dollar which has weakened lately. The USD/JPY pair decreased by the end of the trades. Janet Yellen stated that their goal to expand the interest rates in short-term may loosen up due to the risks in the US economy. The China's economic innovation set a negative effect on the US economy and the trader's inflation anticipations keep on decreasing. The Fed chairman did not discuss about the probable interest rates increase yet the mentioned risks cause her to speak softly pointing out concerns regarding this year's Fed rate hikes.

Technical Analysis for GBP/USD: February 10 The outpouring of the capital from the British assets cause the government bonds yield remarkably lessen in opposition to the US Treasuries and the German bonds. In turn, this component gave a negative effect on the Cable. The Sterling were rather toned up. 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 poor and confirmed buy signal was found. The price is on top of the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen creates a descending motion and the Kijun-sen forms a horizontal motion, displaying a "Dead Cross". The ascending motion will remain as much as the price is over the Cloud. The MACD indicator is in an impartial location. The price is increasing. We may hope for the stabilization at the present levels. The descending bounce probable target is at 1.4400. If the price increases it will break over 1.4480.

Fundamental Analysis: February 9 The USA labor market attracts the attention of all traders through its statistics. The dollar still manage to stabilize its spot in spite of the fact that the Non-Farm Payroll (NFP) report has not stretched out even to a moderate status of what was reported 190,000 but only reflected 151,000 and the preceding value was re-assessed downward. But somehow, the trades were different directed on Monday. A solid leap of 0.5% from 0.0% was made by the US Average Hourly Earnings. In the meantime, having a sudden fall by 5.0%, the unemployment rate attained a recurrent low level of 4.9%. A very vital thing for the Fed is the increase of the wage rate, pertaining to the inflation acceleration prospects that results to the dollar disregarding the poor NFP and drew attention on the Hourly Earnings outcome. The EURO did not show any pivotal data. The EUR/USD showed a slight increase by the end of the trades. It is always a traditional bearish factor for British currency the bond yield spreads growth of the US and UK government as a result of the Friday's labor market release. However, the oil market bulls were extended which has a positive effect on the pound value. The pound/dollar returned upwards after a decrease. The publishing of the Monetary Policy Meeting minutes will be held on February 18. In the meantime, the unpredictability in the world markets have a negative effect on business sentiment as stated by the Bank of Japan chairman. The currency pair USD/JPY aggressively decreased.

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Technical Analysis for USD/CHF: February 5 Mr. Thomas Jordan, head of the Switzerland National Bank restated that the franc was overbought and the Central Bank was all set to interpose if needed. Nevertheless, Mr. Jordan refused to tell if the bank had an intervention recently. Switzerland issued the Consumer Climate index Q1 forecast. The index is at -14.0 and the previous value was -18.0. The first support occurs at 0.9850 and at 0.9750 subsequently. The first resistance stands at 0.9960 and at 1.0100 subsequently. A sturdy and confirmed sell signal was found. The price is below the Ichimooku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen formed a descending motion creating a "Dead Cross". The descending motion will be until the price is below the Cloud. The MACD indicator is in a negative area. The price is declining.

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Fundamental Analysis: Ferbruary 4 For January, the level of the US PMI Composite from IMS is at 53.5 whereas the previous value was 55.3 and the report was at 55.1 which was published by the United States. Moreover, the ADP Employment Change for January is at 205,000 whereas the preceding value was 267,000 and the report was 195,000 which was issued by the USA. In 2015, the unemployment rate of the Eurozone reduced by 0.8% to the level of 10.4%. The status apparently shows the ECB soft monetary policy. The low cost euro rate and liquidity added a support to the development of the real economy. The Euro area Retail Sales displayed 1,4% y/y and 0,3% m/m in opposition to the reported 1,5% y/y and 0,3% m/m. The EUR/USD pair signified a sturdy growth by the end of the trades. Also in 2015, the Gross Domestic Product of the UK increased by 2.17% in contrast to the growth of 2.85% in 2014. Simultaneously, the growth rate of the United States was 2.38% and 2.42% for the same period. The slowdown of the UK economy is more substantial compared in the USA which has been a negative factor for the currency. The GBP/USD pair strengthened. A somewhat unstable dynamics was formed by the dollar. The currency modulated in opposition to the yen which is still yearned even though a new wave of risk aversion arises. This week, the stock indices reduced which outstandingly losing ground as an aftermath of the descending of oil prices after the astonishing previous growth. In the midst of all these, buyers were interested in the Japanese yen. A non-manufacturing PMI has been issued. The index of EU displayed a 53.6 concurrently with the report. The similar index signified 53.2 in the USA, the report was 53.7. The Non-Manufacturing PMI of the UK occurred at 55.6 in opposition to the reported 55.3

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Technical Analysis for USD/JPY: February 3 The Purchasing Managers Index (PMI) of the Japanese industrial sector reached 52.3 in opposition to the reported 52.4. The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism is at the reported median 47,8 published by the US and the New York ISM is at 718,9 in opposition to the preceding 716,6. The first support occurs at 120.40 and at 119.20 subsequently. The first resistance lies at 121.30 and at 122.20 subsequently. A sturdy and confirmed buy signal was found. The price is on top of the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen creates a horizontal movement and the Kijun-sen forms an upward motion. The ascending movement will be until the price is on top of the Cloud. The MACD indicator is in a positive location. The price is recovering.

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Fundamental Analysis: February 2 The stability of the US dollar cannot be weaken by the conflicting data of the USA. In the fourth quarter, the economy of the USA increased by 0.7% only versus the reported of +0.8% and the preceding value of 2.0%, according to the initial statistics. In the meantime, along with expectations at 1.2%, the direct consumption expenditures index increased. In the preceding value of 93.3, the Michigan consumer confidence index dropped to 92.0 in opposition of the reported 93.0. Generally, the economic scene is somewhat variegated. The previous Fed statements that the country's economy is in a slow phase made the market be ready for poor Gross Domestic Product data. To some extent, the positive inflation deliverance of the January euro zone appeased the bears' intensity who attempts to be a future monetary policy easing in March by the ECB. The Institute for Supply Management (ISM), a manufacturing sector of US, has been anticipated to produce negative data. The index occurs at the level of 48.2 in opposition of the reported 48.1. The EUR/USD currency pair became stronger by the end of the trades. As stated by the Central Bank of Iraq, the negative manufacturing orders balance dynamics indicated that the production sector Purchasing Managers Index forecast could be more weak than the consensus report. In any case, the data appeared better than the reported median 52.9 in opposition to 51.8. The GBP/USD pair strengthened intensely by the end of the trades. For the first time of its history, the Bank of Japan published a negative interest rate which causes to be the primary newsmaker in the past week. AS stated by BOJ, the current rate will stay unless the regulator finds a sturdy inflation rate of 2% per annum. The USD/JPY pair somewhat reduced by the end of the trades.

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Technical Analysis for GBP/USD: February 1 In 2015, the Gross Domestic Product of UK heightened by 2.2%. The increase of the price may still proceed even though the economic deceleration is a negative factor for the currency as the pound was in a recovering stage to the descending trend. We should not hope for a positive data as stated by the US Gross Domestic Product leading indicators. The deliverance went worse than it was expected as it goes 0,7% versus the reported 0,8%. The initial support occurs at 1.4160 and at 1.4080 subsequently. The initial resistance stands at 1.4240 and at 1.4320 subsequently. A weak and non-confirmed sell signal appears. The price is below the Ichimoku Cloud and it is beneath the Chikou Span. The Tenkan-sen creates a descending motion and the Kijun-sen shows a horizontal motion. The descending movement will be until the price is below the Cloud. The MACD indicator is in a positive location. The price is retrieving. The ascending possible target are 1.4320 and 1.4400.

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Fundamental Analysis: January 29 The disorder in the financial market perturbed the US Federal Reserve. The report of the Fed did not affect the EUR/USD pair or even the other assets. The outcome of the Fed's two-day conference is continually assessed by the investors. The trades of the pair EUR/USD were stopped yesterday. The Germany surmounted the initial inflation statistics whose development rate may expedite to 0.5% from 0.3%. The inflation dynamics of Germany is relatively good which causes the European Central Bank to be attentive to its quantitative easing program. The data occurs at the reported median. The EUR/USD signifies an increase by the end of the trades. The reported number of Initial Jobless Claims was 282, 000 but it reached only 278,000. In spite of the fact that all clear signs of perennial unemployment growth are discerned which has a negative effect on the general unemployment volume, the labor market is stable. Moreover, the expected the rigid goods decreased by 0.6%, nevertheless, the decline was 5.1%. The fourth quarter Gross Domestic Product of the UK was issued yesterday. As it was reported, the growth rate of the GDP for the first nine (9) months of 2015 was 2.27%. Take notice of the UK economy, wherein the first nine (9) months of 2014, the growth rate was 2.87% which shows its slowdown phase. The data occurs at the reported median. The GBP/USD pair signifies an increase by the end of the trades. The currency pair USD/JPY is still in a tapered channel trading. Anyway, pressure on the yen is been building up as the Bank of Japan will declare the next simplification measures by the end of the two days conference. Japan forecasted the retail sales which reduced by 1.1% similarly in the relative period in 2014.

Technical Analysis for USD/JPY: January 28 Though the desire for risk is soaring among investors, we should expect an expansion in USD/JPY pair. An indisputable quarterly records of US organizations put back growth on the market. Being the funding currency, the yen will be under pressure as the stock market and the increase in cross-rates specify carry trade locations growth. The US and Japanese government bonds divergent lucrativeness has lengthen as the debt market establishes the pair's ascending trend. The initial support occurs at 118.40 and at 117.80 subsequently. The initial resistance stands at 119.20 and at 120.40 subsequently. A sturdy buy signal has been established. The price is over the Ichimoku Cloud which is on top of the Chikou Span. Showing an ascending motion, a "Golden Cross" is being build by the Tenkan-sen and Kijun-sen. The ascending motion will be until the price is over the Cloud. The MACD indicator is in a positive area. The price is increasing.

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