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Anna Mon

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  1. Trading platform MetaTrader 4 has been updated Dear clients and partners of the company! NewForex team hurries to inform you that on 12 may 2017, you need to upgrade the MetaTrader 4 trading terminal for more comfortable trading. Through the LiveUpdate system the new version of the platform — MetaTrader 4 build 1080 — will be available for you to download and install. Timely updates will help to avoid failures in work of expert advisors and indicators. With the new version of MetaTrader 4 trade in NewForex will become even more convenient and profitable! With Best Regards, NewForex Group Department of Information
  2. Fundamental analysis from New Forex: The Asia-Pacific region The Asian markets renewed rally as shares in Hong Kong increased to a 21-month maximum. Futures for the stock indexes of the USA weakened as Donald Trump dismissed the head of FBI, James Koydi while the nuclear program of North Korea continues to disturb investors. The Chinese companies which are quoted in Hong Kong grew even when shares fell in Shanghai. South Korean shares departed from its record-breaking high level after the victory Mun Dzhein at presidential elections. The dollar also departed from monthly maxima after bearish comments of FRS officials. Nikkei 225 in Japan was closed at the level of 20000 in anticipation of wide income statements among the largest companies. Investors are concentrated in the Chinese market after the sale as they from the middle of April of the share and the bond in total weakened for $450 billion. Against the background of politicians attempts to fight against leverage, the Chinese data show that increase in prices of producers in April was slowed down stronger than it was expected. Hang Seng increased 0.9% to the highest level since July, 2015. The section of the Chinese shares added 1.4% to HS being closed with profit already for the third day. The Shanghai Composite index departed from 0.7% while Topix in Japan increased 0.2% and Nikkei 225 at 0.3%. Kospi in South Korea decreased by 1% after adding 2.3% on Monday having shown the largest surplus since September, 2015. The markets in Malaysia, Sri Lanka, Singapore and Thailand are closed for holidays. Futures for S&P 500 decreased in price by 0.2% and the index decreased by 0.1% on Tuesday while the index of volatility CBOE grew after it was closed with minima of 1993 earlier on Monday. The South Korean won decreased by 0.4%. The yen became stronger at 0.1% to the level of 113.93 against dollar. The Japanese currency decreased for the last three sessions to the lowest level from the middle of March. The index of US dollar lost 0.1% after it increased 0.3% on Tuesday. Gold in the spot markets decreased in price by $1221.60 per ounce. Metal weakens on an extent of already five sessions. Brent oil increased 0.7% to $46.20 per barrel after the decrease by 1.2% on Tuesday. Fundamental analysis from New Forex: Europe The European funds were closed on a front line on Tuesday despite the resumed pressure upon euro and crude oil futures as some traders also doubted their force, specifying steadily low volatility on some main indexes, such as the American VIX. Pan-European Stoxx 600 was closed with a surplus in 0.45% on 396.06 and with 21-month maximum respectively while German DAX added 0.43% and came nearer to 12750.00 and the Parisian CAC increased 0.28% and was closed at the level of 5398.01. After the day before yesterday sags the European markets cheered up and especially in cyclic sectors with indifferent moods of investors vanished how policy risks are displaced on a background. EUR/USD weakened against the background of aggressive comments of FRS officials and was closed at the level of 1.0875 that there is 0.44% below than the level of closing on Monday and 200-day moving average. The positive balance of trading balance of Germany with the rest of the world made 25.4 billion euros. According to an economic calendar we expect data on retail sales in Italy which will be published later on Thursday. NewForex Analyst Alex Vergunov
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  5. Fundamental analysis from New Forex: The Asia-Pacific region The rally against the background of speculation that Macron will become the following president of France was compensated by a sale of shares in China. The yen departed and volatility weakened, that led to fall of gold and profitability of the US 10-year treasury bonds. Futures for the stock indexes of the USA grew, and the Japanese shares lead Asian profit to the growth. Shares fell in Shanghai to the minima of January against the background of the strengthened standard control. Sales Chinese shares amplified after the authorities made active measures for fight against trade on borrowed funds. The bank regulator declared on Friday earlier that it will strengthen fight against the violations in financial sector. Futures for the S&P 500 index increased 0.8%. The MSCI index according to shares of the region out of Japan increased 0.9% after the first weekly growth within the month. Kospi added 0.2% and the New Zealand NZX 50 increased 0.3%. Shares in Sydney added 0.1%. Shanghai Composite weakened at 1.6% to the lowest level since January 20 after being dropped by 2.3% last week. The Hong Kong Hang Seng lost 0.1% and the index of the Chinese entities China Enterprises almost didn’t change. Indicators of volatility showed the decrease and the index on the Nikkei 225 index of Stock Average dropped by 15% to the minima on March 6. For the first time this month, the yen dropped by 0.8% to 110.04 per dollar after the week close with the decrease earlier. The index of US dollar decreased in price by 0.5% and is traded near the lowest level from the date of the American presidential elections. On Saturday, Trump wrote on twitter that he plans to announce large tax reform already on April 26. Also in the center of attention of an event around North Korea where the last threatened to sink the American cruiser to show force and military determination. Fundamental analysis from New Forex: Europe Euro jumped up to the monthly maximum after the europhilia, Emmanuel Macron won in the first round of the presidential vote in France having weakened the tension connected with euro skeptical risks. It is uneasy time for the investors because of transfer elections in France after the referendum of Brexit and Trump’s victory on elections to the USA that attracts the prospects of fresh threats to the European establishment these days. Le Pen wants to remove France from euro and to suppress immigration while the current leader is the globalism adherent. Earlier on Friday, the French blue chips were closed below all other European indexes in vote anticipation. CAC weakened at 0.4% whereas Pan-European Stoxx Europe 600 increased 0.1%. Within the last week both of them decreased but both indexes are still weaker no more than for 2% of the highest level this year. However, the French banks Societe Generale and BNP Paribas relatively added 1.7 and 2.2%. Euro increased 1.2% to 1.0855 US dollars. The currency grew almost by 2% last week earlier. Other European currencies also became stronger: the Swedish krona jumped up at 1.6% while Danish at 1.2%. Gold fell in price by 0.7% because of the growing appetites to the risk and the profit on Swiss franc was also significantly limited to low demand for safe shelters. NewForex Analyst Alex Vergunov
  6. Forex News from New Forex: Technical analysis of EUR/USD On Monday, the trades on this currency pair opened with with a good gap up. In France there was enough news about the first round of presidential elections to give a strong support to the single European currency. Following the results of the last trading session, the pair closed at 1.0728 and the market opened at the level 1.0872 for today. Today, the technical structure of the market is confidently a bullish one. On the four-hour chart the moving averages with the period of 20 and 55 steadily grow. The MACD histogram also grew showing a buy signal to euro. The Stochastic oscillator also grows entering an overbought zone and creating a similar signal as the %К line is higher than the %D line. The current level of support is 1.0753, the closest level of resistance is 1.0869. Forex News from New Forex: Technical analysis of GBP/USD On Monday, with the trades opening this currency pair keeps uncertainty. There is an impression that consolidation of this market delayed a little. On the four-hour chart the pair keeps the bullish potential in the medium term as the price chart remains slightly higher than the moving average with the period of 55 days which continues to grow. It is necessary to notice that EMA20 slowed down its growth and now it went up. The MACD histogram is in a positive zone indicating the remaining bullish potential of the market but it fell below the alarm line that is a sale signal for to the British pound against the greenback within the intra-day trade. The Stochastic oscillator is located in an average zone, went down and demonstrates the similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/JPY On Monday, the pair opened with a small gap up (93 pips). The depreciation of the Japanese national currency most likely was caused by the continuing net volume of speculative transactions reducing with JPY according to CFTC. The technical picture of this market in a four-hour chart indicates about the bullish potential increase. The MACD histogram appeared in a positive zone and grows showing a buy signal to the greenback against the Japanese national currency. The Stochastic oscillator grows entering an overbought zone and the similar signal as the %К line is higher than the %D line. Moving averages with the period of 20 and 55 days crossed, developed up and began to grow too. The support level is determined about the mark 108.71 while the resistance level is at the market 110.50 for today. Forex News from New Forex: Technical analysis of USD/CAD On Monday, this currency pair continues the trades with a small decrease in quotations having updated the support level to the mark 1.3441 with the level of resistance at the mark 1.3548. The technical picture of the market within the intra-day trade is rather bearish one. The MACD histogram is reducing for today, having fallen below the alarm line and showing a sale signal to the greenback against the Canadian national currency. The Stochastic oscillator is located in an average zone and continues to decrease, having created a similar signal as the line %К is lower than the %D line. It should be noted that despite the pressure upon the greenback from sellers, the buyers keep the potential for further growth in the medium term so far. Moving averages with the period of 20 and 55 days continue to grow without the hint on delay for today.
  7. Fundamental analysis from New Forex: The Asia-Pacific region Shares grow across all Asia against the background of the revived optimism concerning tax reforms in the US and the yen weakened after the head of the Bank of Japan, Haruhiko Kuroda declared that he intends to adhere the accommodation policy. Shares in Japan, South Korea and Indonesia came to growth while the MSCI index showed the strongest surplus since the end of March. The S&P 500 index also grew after the U.S. Treasury Secretary Mnuchin declared that plans for reforming of taxes progresses. Oil advanced the first weekly loss in four months and iron ore grows already for the third session. Minuchin’s comments weakened as the concern grows as the budget agenda of the president Trump weakens and chances of rates increase in June rose to 60% after the president of FRS, Dallas Kaplan declared that this year three increases are still expected. The MSCI index, widest in the region, increased 0.7%, having shown the strongest surplus since March 28. The indicator increased 0.4% in a week having broken the four-week descending trend. The index of emerging markets MSCI increased 0.4% while the index of Jakarta grew by 0.7%. The Topix index in Japan increased 0.9% showing the first weekly surplus more than per month. The Australian shares added 0.7% and South Korea increased 0.9%. Hang Seng in Hong Kong almost didn’t change having added 0.6% per day earlier while Shanghai Composite increased 0.1%. The futures for S&P 500 increased a little. On Thursday the main index increased 0.8%. The yen grew slightly less than per 0.1% to 109.24 against the greenback after being dropped by 0.4% on each of the last two sessions. The currency weakened at 0.6% in a week. The dollar index slightly changed, having reached the week decrease by 0.3% after being concerned at the lowest level since elections time in the US in November. The New Zealand dollar decreased by 0.2% after the increase in 0.7% earlier on Thursday. The Vice President of the United States, Pens continues Asia-Pacific to the train and will stop in Indonesia and Australia for today. Fundamental analysis from New Forex: Europe On Thursday, the French companies shares of surpassed itself having shown the strongest surplus on the continent shortly before the first round of presidential elections in France. Recent poll showed that Macron and Le Pen divide a level in 23-34% of voices and Melanson gets on the third place where it is followed by the scandalous conservative Fillon. But about a third of voters wasn’t determined yet. At an annual meeting of the International Monetary Fund and World Bank in Washington the representative of the Greece government, Dimitris Tzanakopoulos declared that from the IMF small financial aid would be necessary within this year . The French CAC 40 increased 1.48% to 5.0537 after polls showed that the centrist europhiliac Emmanuel Macron will probably win the elections. At the same time, Stoxx Europe 600 added 0.22% to 378.06 and German DAX increased 0.09% to 12.0273. The key indicator of care investors remains the VStoxx index on volatility of the stock index Euro Stoxx 50 which added 2.885 points till 24.90 keeping the best levels since November. Euro expanded the growth against the greenback having increased 0.62% to 1.0776, the highest level since March 29 on Thursday morning but this surplus was reduced from 0.25% to 1.0737 after the firefight with the terrorist on the Champs Elysée where the French police officer was killed and two more were wounded. Against the pound of sterling the euro decreased by 0.12% to 0.8373. As for the data, in February construction amounts in the eurozone increased 6.9% while in annual basis they added 7.1% with reviewed up 5.1% in January. Consumer confidence in the eurozone was reviewed by the European commission with increase at 1.4 points to-3.6 (from the mark-5.0). NewForex Analyst Alex Vergunov
  8. Forex News from New Forex: Technical analysis of EUR/USD At the trades on Friday, the single European currency remains under the pressure and today bears stopped at the strong level of support at 1.0710. The closest level of resistance 1.0765. Despite the yesterday’s success of sellers, this market keeps the decent ascending potential in the medium term. Moving averages with the period of 20 and 55 days still grow without being slowed down. The price chart is located higher than both moving averages that implies intention of this market to continue the ascending movement. Speaking about intraday prospect — sellers obviously dominate. The MACD histogram fell below the alarm line showing a sale signal to single European currency. The Stochastic oscillator is in an oversold zone and shows a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Friday, this currency pair is traded in different directions remaining within the closest levels of support at 1.2776 and the level of resistance at 1.2840. The British national currency is under pressure for two last trading sessions. On the four-hour chart, the technical structure of the market is obviously bearish one. The MACD histogram fell below the alarm line showing a sale signal to sterling for today. The Stochastic oscillator is located in the central area and created a similar signal as the %К line fell below the %D line. In the medium term, the market keeps a bullish spirit, moving averages with the period of 20 and 55 days continue to grow without any delays. Forex News from New Forex: Technical analysis of USD/CAD By the time of the trading floors opening in Europe, this currency pair is traded with the small pressure upon the greenback, however keeps good bullish potential in the medium term as moving averages with the period of 20 and 55 days still grow though a little and slowed down. On the four-hour chart the MACD histogram fell below the alarm line for today, showing a sale signal to the greenback against the Canadian dollar. The Stochastic oscillator approached an oversold zone and also created a sale signal for as the %K line is below the %D line. The level of support is determined about the mark 1.3397 while the level of resistance level is at 1.3289. Forex News from New Forex: Technical analysis of USD/CHF On Friday, this currency pair is traded in different directions remaining within the closest levels of support at 0.9960 and resistance at 1.089. The market is characterized by a bearish spirit of its participants in the medium term. Moving averages with the period of 20 and 55 days still decrease. In the short term the market is in the power of buyers. On the four-hour chart the MACD histogram rose above the alarm line showing a buy signal to the greenback against the Swiss national currency. The Stochastic oscillator entered an overbought zone and created a similar signal as the line %К is higher than the %D line. NewForex Analyst Sara Rosenstein
  9. Fundamental analysis from New Forex: The Asia-Pacific region The Asian stock indexes grow as oil has recovered more than forecast data on trade in Japan increased the optimism in the global markets. The New Zealand dollar became stronger against the background of faster inflation. Topix in Japan received the largest weekly surplus more than per month. The Australian shares also rose and shares of Hong Kong stopped its three-day departure. The futures S&P 500 index raised after the turn in crude oil suspending the fall in the stock markets of US. The reports in the Beige book of the Federal allowance showed that the economy of the US continues to extend steadily and while the FED deputy head, Stanley Fischer noted the growth prospects to world economy in relation to gradual toughening of the Central Bank monetary policy. The Japanese Topix added 0.4% therefore its week surplus constitutes 1.2% today. The Hang Seng index increased 0.5%, the Australian ASX 200 index added 0.3%, and South Korean shares grew by 0.4%. Shanghai Composite almost didn’t change after four days of losses and it is near the lowest level since February 8. The Japanese export grew most in high gear more than in two years in March supporting the bullish view of world economy. The yen decreased by 0.1% to 108.94 against the greenback after the decrease at 0.4% on Wednesday. The New Zealand dollar increased 0.5% to 70.36 cents of the USA. The Australian dollar increased 0.1% to 75.06 cents of the USA after the decrease by 0.8% on Wednesday. The index of dollar weakened at 0.1% after the increased at 0.5% earlier. The Vice President of the United States, Mike Pens continues the Asia-Pacific trip and today has stopped in Jakarta. The decision of Indonesian Central Bank on interest rates is expected later for today. Fundamental analysis from New Forex: Europe Load of the European shares weakened on Wednesday after they took out the worst session for the last five months on Tuesday in the run-up to the first round of votes on the French elections earlier. The monthly research of Bank of America managers, Merrill Lynch’s funds showed that professional cash managers are displaced towards the European shares despite the selective rate in the second-large economy on the continent. The same thoughts are divided by strategists of Credit Suisse. The all-European Stoxx 600 index was closed with a surplus at 0:24 to 377.24 after DAX in Germany increased 0.13% to 12.0164 and French CAC added 0.27% to 5.0037. At the front data, the positive balance of the Eurozone trading balance exceeded the forecasts in €18 billion and extended at €19.2 billion in February with €15.7 billion in January. The group of 19 countries exported goods for €170,3 billion and imported for €152.6 billion. Export increased 0.4% since January and import at 1.7%. Euro closed without any essential changes against US dollar at the level of 1.0710 but became stronger at 0.24% against pound sterling on 0.8375. It is supposed that already on May 7 the centrist Macron and the far right eurosceptic Le Pen will win in the first round but extremely left Melanson and the conservative Fillon quickly gain the steam in fight. NewForex Analyst Alex Vergunov
  10. Forex News from New Forex: Technical analysis of EUR/USD On thursday, during the trades opening the level of support rose to the mark 1.0710 as the level of resistance is determined about 1.0767. For today, the technical picture of this market has a good potential for intra day growth. On the four-hour chart the Stochastic oscillator goes up giving a buy signal to the single European currency against the greenback. The %К line is higher than the %D line. The MACD histogram also created a similar signal and at the same time it remains above the central line indicating about the remaining bullish potential of the market. Moving averages with the period of 20 and 55 continue to increase but today it slightly slowed down. Forex News from New Forex: Technical analysis of GBP/USD On Thursday, the trades on this currency pair proceed in different directions without any pronounced trend movement. On the four-hour chart, the technical structure of the market is characterized by buyers benefit. The MACD histogram is located in a positive zone showing a sale signal to the British pound against the greenback. Moving averages with the period of 20 and 55 days grow indicating the strengthening of bullish moods in the market. The closest level of support is determined about the mark 1.2728 while the level of resistance at 1.2841. The Stochastic oscillator is in an average zone and shows a buy signal as the %К line is higher than the %D line. Thus, the situation of the market remains uncertain and the force of warring parties in the short term isn’t clear. Forex News from New Forex: Technical analysis of USD/CHF On Thursday, the Swiss national currency becomes stronger against the greenback at the trades in Europe. The price overcame the level of support at 0.9960 in case of the level of resistance at 1.0009. Bearish moods dominate in the market since the beginning of the current week. Moving averages with the period of 20 and 55 crossed slightly slowing down. The MACD histogram smoothly passed into the negative zone and today shows a sale signal to the greenback against national currency of Switzerland. The Stochastic oscillator is in the central area and gives a similar signal as the %К line is lower than the %D line. NewForex Analyst Sara Rosenstein
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  12. Fundamental analysis from New Forex: The Asia-Pacific region The asian shares weakened after the US launched a massive campaign of bombardments for line items of the Islamic State in Afghanistan. The dollar recovered a little after being low below 200-day moving average earlier on Wednesday. Treasury bonds of the US are in a flat. Geopolitical problems continue to predominate in the global economic agenda, aggravating moods of uncertainty among investors. Also traders try to understand financial and economic plans of the president Trump after his statements for monetary policy mitigation benefit. Being guided by reports of JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. analysts observe the delay of commercial credits growth and growth of consumer crediting in the US with the greatest surplus among students and car loans. Shares in Tokyo and Seoul have weakened. It is expected a low-volume trade in the markets from Sydney to Frankfurt and many markets already managed to close in the region on Good Friday and prepare for Easter. The Tokyo Topix lost 0.4% and is traded near its November minima. The index decreased by 1.9% for the last five days and showed the most long series of losses since December, 2015. Kospi in South Korea decreased by 0.5% after adding 0.9% a day earlier. This week the index loses 0.7%. S&P 500 was closed with decrease by 0.68% at the level of 2.3289 while industrial index Dow Jones decreased by 0.67% to 20.4532. In the goods markets WTI crude oil increased 0.1% to $53.18 per barrel and the week surplus constituted 1.8%. Gold was stabilized at the mark 1.2878 per ounce. Metal increased 2.7% per week, being traded near its highest levels since November. The US dollar index almost didn’t change for today after the growth at 0.1% during the previous session. This week the index weakened at 0.7%. The yen is traded at the level of 109.12 per dollar approaching the largest week surplus in 1.8% per month. The South Korean won weakened at 0.6% after it was recovered during two previous sessions. The stock markets in China, Japan, Taiwan, Korea, Malaysia and Vietnam are open today. The majority of the European markets will be closed as well as the markets of the USA. Fundamental analysis from New Forex: Europe In 10 days prior to the presidential elections in France, the European stock markets fell and investors digest Trump’s comments on monetary policy and currency manipulations which sent the European bank shares to the negative territory provoking the purchase of euro. All European exchange markets are closed today. The partners of «smooth water» continued its growth because of the threat considering new testing of the weapon from North Korea while the group of the American soldiers is in that region. The all-European benchmark index Stoxx 600 decreased by 0.35% to 380.58 while German DAX weakened at 0.38% to 12.1090 and the French CAC at 0.59% to 5.0711. Especially the Italian FTSE Mib Tel weakened by departing from 1.16%. The banking sector of Europe Stoxx 600 went down at 1.23% to the level 171.86. Euro increased 0.1% to 1.0617 against US dollar and at 0.2% during this week. In relation to yen, euro fell to the level 115.72 having decreased by 2.4% per week. However, concerns about elections in France continue to limit potential common currency growth. The candidate for president from extremely right, Marine Le Pen acting on a platform of economic nationalism declared that already by the end of the first term of GDP growth, France will accelerate to 2.5%. Polls show that Le Pen and Macron while the left Melanson and the conservative Fillon, are going to remain the outsiders and become the first round winners. NewForex Analyst Alex Vergunov
  13. Forex News from New Forex: Technical analysis of EUR/USD On Friday, the pair is traded in different directions. After the bearish approach on Thursday, the buyers take a small revenge for today. With trades opening in Europe, the price remains within the closest levels of support at 1.0577 and resistance at 1.0630. On the four-hour chart the technical structure of the market indicates the beginning of single European currency strengthening in the short term. The MACD histogram slightly appeared in a positive zone but still it doesn’t show any accurate signals to the action. The Stochastic oscillator went up, leaving an oversold zone indicating a purchase signal to euro against the greenback. As for the medium term, we observe the moving averages with the period of 20 and 55 days are slowed down, however so far it continues to decrease indicating about the remaining bearish market potential. Forex News from New Forex: Technical analysis of GBP/USD On Friday, the trades on this currency pair proceed within the closest levels of support at 1.2468 and resistance at 1.2564. The market is characterized by an easy bearish spirit of its participants during the Asian trading session and small activation of buyers from the moment of trades opening in Europe. The technical picture on the four-hour chart indicates the completion of yesterday’s bearish approach and continuation of the bulls expansion. The exponential moving average with the period of 20 still goes up and crosses EMA 55 which acts as the strong level of support. The MACD histogram shows a sale signal to the British pound against the greenback, however, the Stochastics oscillator stays in an oversold zone and created a purchase signal of sterling as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/JPY At the trades on Friday, this currency pair is traded with a decrease in quotations while the British pound progressively continues to weaken against the Japanese national currency. The price remains within the level of support at 135.98 and the level of resistance at 136.77. The four-hour chart surely was fixed below moving averages with the period of 20 and 55 days indicating about the market’s intention of the market to continue degression. The MACD histogram still remains in a negative zone falling below the alarm line that gives an opportunity for an entrance to the market with a short position. The Stochastic oscillator was also created by a similar signal as the %К line is lower than the %D line entering an oversold zone. NewForex Analyst Aaron Kaufmann
  14. Fundamental analysis from New Forex: The Asia-Pacific region The shares of Asian companies weakened as investors expect the publication of protocols of FRS on interest rates and economic growth which will be promulgated already for today. The Japanese shares fell because of yen which grows already for the fourth day. Shares in Shanghai and Taiwan rose a little after holidays. The South African rand was stabilized after sharp recession. The Australian dollar recovered some losses after regulating boards of Central Bank reported about readiness to take further measures for price stabilization on housing. Shares rose in price according to historical estimates but still remains cheaper than the bonds based on the income and interest rates. The MSCI index according to shares of the Pacific Rim decreased by 0.2%. The Tokyo Topix decreased by 0.4% having turned off an early surplus in 0.6%, and having closed at the lowest level since December 7 on Tuesday. The Australian ASX index decreased by 0.1% and the Kospi index in South Korea dropped by 0.6%. Hang Seng in Hong Kong lost 0.2%. Shanghai Composite grew at 1.1%, and Taiex in Taiwan at 0.8%. S&P 500 grew by 0.1% but futures for an index decreased by 0.1% while industrial Dow Jones extended at 0.2%. The yen grew by 0.1% to 110.64 against the greenback while the index of the dollar dropped by 0.1% after two-day surplus. The South African rand is stable and Moody’s Investors Service postponed the overview of credit rating of the country after S&P Global downgraded against the background of the office cleaning from the president Zuma. The central speakers of the US this week are William Dudley, the president of New York FRS and also the member of the Central Bank managing directors — Daniel Tarullo. Besides, on Friday the data on employment will be published and the U.S. President and the secretary general of the People’s Republic of China will hold meetings on Thursday and on Friday. Fundamental analysis from New Forex: Europe The muffled start in the second quarter extended and touched also the yesterday’s trades where the European shares only slightly grew against the growth of oil and mining companies weakness in auto industrial sector. Sales of new cars in the US lag behind expectations of the markets while the concerns of investors prospects of the European diesel cars saddened the European funds. Pan-European Stoxx added 0.2% while FTSE 100 in Britain exceeded average expectations and increased 0.5%. Somewhat, the large currency risks connected with political instability cause some definiteness on the prospects of growth of these two indexes. Shares of the banks also appeared under pressure being decreased by 0.4%. Euro lost 0.1% against the greenback and is traded at the level of 1.0659 but increased by 0.35% against pound sterling to 0.8572. The prospects of European currency are saddened by euro skeptical tendencies in political life of France and also an unexpected complication of the first formal stages of the EU dissociation with Britain. Dow Jones increased 0,19% while the US stock market closed with growth The US stock market of the USA finished the trades of Tuesday with growth due to the strengthening of oil and gas, raw materials and utilities sectors. At the time of the New York Stock Exchange closing, Dow Jones increase 0,19%, the S&P 500 index grew by 0,06% while the NASDAQ Composite index increased in price at 0,07%. Following the results of today’s trading, among the components of the Dow Jones indexes, the leaders were Caterpillar Inc shares which increased in price at 1,86 items (2,02%), finishing the trading session at the mark 94,13. Boeing Co quotations increased 2,05 items (1,16%) finishing the trading session at the level 178,70. The shares of United Technologies Corporation increased in price at 1,06 items (0,95%) finishing the trading session at the mark 112,99. The leaders of fall were the shares of Nike Inc which price fell to 0,52 items (0,94%) finishing the trading session at the mark 55,04. The shares of Visa Inc increased 0,58 items (0,65%) finishing the trading session at the mark 88,78 while American Express Company decreased in the price at 0,33 items (0,42%) finishing the trading session at the mark 78,26. At the New York Stock Exchange market, the number of the fallen in price papers (1597) exceeded the quantity closed with a surplus (1595) while quotations of 50 shares practically didn’t change. On the NASDAQ stock exchange papers of 1462 companies fell in price, 1025 grew while 131 remaining at the level of the previous closing. The future for gold with delivery in June added 0,35% or 4,35 reaching the point $1.258,35 per troy ounce. As for other goods, the prices of WTI crude oil futures with delivery in May increased by 1,73% or 0,87 to $51,11 per barrel. Futures for Brent oil with delivery in June increased in price at 2,05% or 1,09 to the mark of $54,21 per barrel. Meanwhile, in the market Forex of EUR/USD steam grew by 0,01% to 1,0671 and quotations of USD/JPY dropped by 0,15% having reached the point 110,73. The future for the USD index grew by 0,07% to 100,43. The European stock markets were closed with an upward trend On Tuesday, the stock indexes of the Western Europe countries majority grew. At the same time, the British indicator increased for the first time during four sessions. The consolidated index of the largest entities Stoxx Europe 600 increased by 0,2%, constituting 380,03 points. The British FTSE 100 increased 0,5%, the French CAC 40 at 0,3% as the German DAX at 0,2%. On Tuesday, the support of the British stock market was given by depreciation of pound sterling that is a positive factor for the company as it is oriented by the export. The pound to dollar fell in price by 0,5% to euro at 0,4%. The papers of the Seadrill Ltd oilfield services company, failed in the price at the trades in Oslo for 38%. The company warned that its shareholders and bondholders can suffer severe losses within new process of debt restructuring. NewForex Analyst Michael Butnitsky
  15. Forex News from New Forex: Technical analysis of EUR/USD For today, the trades on this currency pair proceed in different directions but in quite narrow range. The price remains within the support level at 1.0652 and the level of resistance at 1.0697. The rate is clamped between the moving averages with the period of 20 and 55 today that indicates the weakening of bearish potential of the market. The technical structure on the four-hour schedule remains bearish but bulls surely gain strength in the process of trades development. The MACD histogram remains in a negative zone but today it rose above the alarm line creating a buy signal to the single European currency against the greenback. The Stochastic oscillator grew during the Asian trading session but now it was slowed down and doesn’t give accurate signals remaining in an overbought zone. It is noteworthy that the European Central Bank throughout the day sits at Europe since the early morning and therefore it is possible to wait for some unexpected events in the market. Also in the US, there is ADP data on the level of employment in a private sector of economy for March, which should be taken into consideration in case of investment decisions adoption. Forex News from New Forex: Technical analysis of GBP/USD On Wednesday, the British pound is traded with a small advance in price remaining within the closest levels of support at 1.2435 and resistance at 1.2491. Definitely, the initiative in today’s market belonged to sellers as the exchanges in Europe didn’t open yet so it slightly shook the line items. On the four-hour chart, moving averages with the period of 20 and 55 don’t are at the same level. It indicates the forces redistribution between warring parties. The MACD histogram is located in a negative zone and gives a sale signal to sterling. The Stochastic oscillator grows and creates a buy signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of USD/СAD On Wednesday, the pair is traded with an advance in price, remaining within the current levels of support at 1.3375 and resistance at 1.3463. The four-hour chart was fixed above moving averages with the period of 20 and 55 days that implies intention of this market to continue the ascending movement. The MACD histogram remains in a positive zone, but doesn’t give any accurate signals for adoption of investment decisions. The Stochastic oscillator is located in the central area and began to grow, but also still didn’t create an accurate signal for the action. Thus, we recommend to wait for the accurate signals to appear before entering the market. NewForex Analyst Aaron Kaufmann
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