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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
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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 $46.20 per barrel after the decrease by 1.2% on Tuesday. Fundamental analysis from New Forex: Europe The European funds were closed on a front line on Tuesday despite the resumed pressure upon euro and crude oil futures as some traders also doubted their force, specifying steadily low volatility on some main indexes, such as the American VIX. Pan-European Stoxx 600 was closed with a surplus in 0.45% on 396.06 and with 21-month maximum respectively while German DAX added 0.43% and came nearer to 12750.00 and the Parisian CAC increased 0.28% and was closed at the level of 5398.01. After the day before yesterday sags the European markets cheered up and especially in cyclic sectors with indifferent moods of investors vanished how policy risks are displaced on a background. EUR/USD weakened against the background of aggressive comments of FRS officials and was closed at the level of 1.0875 that there is 0.44% below than the level of closing on Monday and 200-day moving average. The positive balance of trading balance of Germany with the rest of the world made 25.4 billion euros. According to an economic calendar we expect data on retail sales in Italy which will be published later on Thursday. NewForex Analyst Alex Vergunov
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No deposit 50$ bonus comes back to NewForex Dear clients and partners of the company! Due to the numerous requests we resume No-deposit 50$ bonus for all NewForex clients. As before in the framework of this action, the traders are able to open the bonus trading account and get 5000 US cents to start trading in the Forex market. The main goal remains the same — to provide the customers with the opportunity to get acquainted with the real terms of trade in the financial markets before they can invest their own funds. One can open an account and get $50 on his/her account on the NewForex website in «My bonuses». For more information you can contact the online chat on the corporate website or support: support@newforex.com. With Best Regards, NewForex Group Department of Information
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35% cashback for all replenishments Only on April 26-30 you have an excellent opportunity to use our special offer "35% cashback for all replenishments"! While depositing the funds in your trading account in our NewForex company you will receive 35% from the sum of the deposit back into your trading account. For that to happen you just need to let us know about your replenishment by means of e-mail to our Support service: support@newforex.com. Kindly note that promotional bonuses don’t sum up.
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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
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NewForex — The technical analysis of Forex Market
Anna Mon replied to Anna Mon's topic in Technical Analysis
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. -
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
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NewForex — The technical analysis of Forex Market
Anna Mon replied to Anna Mon's topic in Technical Analysis
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 -
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
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NewForex — The technical analysis of Forex Market
Anna Mon replied to Anna Mon's topic in Technical Analysis
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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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
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NewForex — The technical analysis of Forex Market
Anna Mon replied to Anna Mon's topic in Technical Analysis
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 -
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
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NewForex — The technical analysis of Forex Market
Anna Mon replied to Anna Mon's topic in Technical Analysis
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 -
Trade conditions improvement in NewForex company Dear clients and partners of the company! We are bringing to your notice that since April 3, 2017 the size of spreads was changed considering long and short swap for all types of client accounts on some trade instruments which belong to Forex and CFD groups on stocks. More detailed information can be obtained from our website NewForex in the section «Instruments». Just try to trade in the Forex market with more comfortable and improved conditions! With Best Regards, NewForex Group Department of Information
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NewForex — The technical analysis of Forex Market
Anna Mon replied to Anna Mon's topic in Technical Analysis
Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the trades on this currency pair proceed within the current levels of support at 1.0652 and resistance at 1.0695. The reduction of price which began on March 28 leveled the most part of reached results for the last two weeks, so as a result the pair closed the previous month with a small growth in the amount of 150 pips. Since the beginning of the current month, this market is in relative stability being traded in quite narrow range in 40 pips. The technical structure in the four-hour range indicates the collected bearish potential which till the present moment maintains an impact of warring party. The MACD histogram is located in a negative zone and today it rose a little above the alarm line, however, a buy signal is quite indistinct. The Stochastic oscillator also indicates the single European currency remaining under pressure and gives a weak sale signal. Thus, at the moment the force of warring parties isn't shown yet that forces us to refrain from the adoption of investment decisions before the emergence of accurate signals. Forex News from New Forex: Technical analysis of USD/JPY For the third day in a row, the pair is under pressure and on Tuesday it continues to decrease, remaining within the local levels of support at 110.25 and resistance at 111.26. In the four-hour range, it appears that the price chart fell below moving averages with the period of 20 and 55. The MACD histogram appeared in a negative zone that indicates the increasing bearish potential of the market. It fell below the alarm line thereby creating a sale signal to the greenback against the Japanese national currency. The Stochastic oscillator is in an oversold zone but meanwhile, it doesn't create any accurate signals for the market's entrance. Thus, we expect that the pair will remain under pressure so we recommend to wait for the local support breakdown in order to enter the market with a short position. The entrance to the market with a long position should be considered only after market's overcoming the current level of resistance. Forex News from New Forex: Technical analysis of GBP/USD On Tuesday, the British pound remains under the bearish pressure and in the middle of the European trades the price is in the limits of support at 1.2436 and resistance at 1.2490. The four-hour chart fell below the moving averages with the period of 20 and 55 indicating the intention of the market to continue the descending movement, however the MACD histogram remains at the level of an axial line, showing a weak sale signal. On the contrary, the Stochastic oscillator made a start from the border of an oversold zone as it went up and created a buy signal to sterling as the %К line is higher than the %D line. Thus, within the intra-day trade it is recommended to buy above the line of support on purpose to fix the profit near the level of resistance. Also it is possible to sell in case of kickback from the resistance by fixing the profit near support. For long-term staying in the market, it is recommended to wait for the breakdowns of the local levels of support and resistance or the emergence of confirmed signals from the technical analysis indicators. NewForex Analyst Sara Rosenstein -
35% cash-back for all replenishments We would like to share an excellent news with you! Only on March 31 you have an excellent opportunity to use our special offer " 35% cash-back for all replenishments"! While depositing the funds in your trading account in our NewForex company you will receive 35% of its cost back into your trading account. For that to happen you just need to let us know about your replenishment by means of e-mail to our Support service: support@newforex.com. Kindly note that promotional bonuses don’t sum up.
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Fundamental analysis from New Forex: The Asia-Pacific region Asian share indexes outside Japan grow already for the second day as the growth of consumer confidence has recovered an optimism concerning the force of US economy again. Oil grows already for the second day while the dollar is stable. The Japanese Topix has weakened because of the strengthened yen. World funds trade near five-months maxima but MSCI World still in borders of quite low historical range. Representatives of U.S. Fed have confirmed that two more additional increases in rates this year will be pertinent. Shares in Australia, Indonesia and Singapore increased especially after the S&P 500 index has published the strongest gain for the last two weeks which rose on the data, indicating that the American consumer moods have reached 2000’s maxima. The MSCI index in the region has grown by 0.2%, having expanded the 0.8% growth on Tuesday. The Australian ASX increased 0.9% while the Singapore Straits Times Index has added 0.7%. Hang Seng in Hong Kong increased 0.1%, and the index of Jakarta increased 0.8%. The futures for S&P 500 increased 0.1% while the main index for 0.7%. The Stoxx 600 index increased 0.6%. The yen is trading at the level of 111.11 against the greenback, having slightly changed after the decrease by 0.4% on Tuesday, but strengthening against other main currencies for today. The dollar index has almost didn’t change, gaining 0.5% on Tuesday and being stopped by the two-day descending trend. The Australian dollar grows already for the second day, adding 0.1% for today. The growth of consumer’s trust and the prospect of gradual increase in US rates can be only positive for Asia as there is exclusively good communication between things which occur in US and Asia economy, however it is connected not only with a stream of means between regions. Fundamental analysis from New Forex: Europe The European share indices have expanded the growth while the prices for oil also grew on Tuesday having recovered from the losses during the previous trading session with movable confidence in Donald Trump’s managing to push the tax and budgetary policy further. Besides, according to Bijan’s messages, it became known that, most likely, the majority of the export countries will prolong the agreement on reduction in production though full assessment of the situation in spite of the fact that it requires time and personal meetings. The all-European benchmark Stoxx 600 increased 0.6% to 377.30 while German DAX has grown by 1.28% to 12.1494 and the French CAC from 0.58% to 5.0462. Meanwhile, Brent oil has grown by 1.82% to $51.69 per barrel. Besides, the European indexes increased against the background of the strong geopolitical tendencies which are connected with the fact that the prime minister of Great Britain, Theresa May has signed the application for an exit of the country from the EU opening the irrevocable procedure of economies dissociation. In the foreign exchange markets, euro almost didn’t change against the greenback and the bargains at the level of 1.0849 but it appeared to be stronger at 0.36% against the pound sterling which has been more sensitive to gap’s prospects between Britain and the EU. Meanwhile, the Swiss franc is trading in deaf defense because of the high spirits towards the risk and the weakened gold which moves in steady and quite high correlation. Dow Jones increased 0.73% while the US stock market closed with growth On Tuesday, The US stock market has finished the trades with growth due to the strengthening of oil and gas, raw materials and finance sectors. At the time of New York Stock Exchange closing, Dow Jones has grown by 0,73% as the S&P 500 index has grown by 0,73%, the NASDAQ Composite index also rose in price at 0,60%. Among the leaders of growth, there are the components of Dow Jones index following the results of today’s trading where the stocks of Apple Inc which have risen in price at 2,92 items (2,07%) closed at the mark in 143,80. Quotations of Goldman Sachs Group Inc have grown by 3,85 items (1,71%) finishing the auction at the level of 229,33. The papers of Caterpillar Inc have grown in price at 1,44 items (1,57%) being closed at the mark 92,95. The leaders of fall were the stocks Johnson & Johnson which price has fallen to 0,14 items (0,11%) finishing the session at the mark 125,66. The stocks of Pfizer Inc increased 0,02 items (0,06%) closing the session at the level of 34,16, while McDonald’s Corporation decreased in the price at 0,04 items (0,03%) finishing the auction at the mark 129,45. At the New York Stock Exchange, the number of risen in price papers (2299) has exceeded the quantity being closed in minus (920) while quotations of 42 actions have practically didn’t change. On the stock exchange NASDAQ the papers of 1507 companies rose in price, 1004 have decreased and 113 remained at the level of the previous closing. Meanwhile, in the market Forex the pair EUR/USD has decreased by 0,46% to 1,0814 and quotations of USD/JPY have increased by 0,40% reaching the point 111,10. The future for the USD index has grown by 0,48% to 99,51. The European stock markets showed a positive spirit The share indexes of the Western Europe countries increased if to follow the results of the yesterday’s trading session as investors considered the fall to be excessive one if to follow the results of two last trading sessions. The summary index of the largest enterprises of the region Stoxx Europe 600 increased by 0.6% to 377,3 points. The index of fifty largest enterprises of the eurozone Euro Stoxx 50 increased by 0,8%. The British FTSE 100 indicator rose at 0,7%, the French CAC 40 at 0,6% and the German DAX — at 1,3%. The Portuguese PSI 20 index increased 2,8% to the maximum mark since June, 2016. On Tuesday, the value of the mining company’s stock increased fust like at the car makers. So, capitalization of Rio Tinto (LON:RIO) increased 2,8%, while BHP Billiton (LON:BLT) at 2,5%. The papers of German carmakers BMW and Volkswagen rose in price relatively at 0,9% and 1,4% while French Peugeot at 2,3%. Capitalization of the British insurer Aviva Plc increased by 1,9% judging by messages of the sources which indicated the fact that the company can sell the division to Friends Provident International Ltd. at $750 million. The quotations of the British Tesco Plc (LON:TSCO) papers increased 0,7%. The owner of supermarkets network reported about the payment of a penalty at 129 million pounds sterling ($162 million) that he overestimated the expected profit in 2014. Meanwhile, the stock price of AB Ericsson decreased by 2,6%. The world’s largest producer of the equipment for wireless communication networks declared that expects write-offs for the sum up to $2,4 billion in the current year because of depreciation of intellectual property, restructuring of business and costs of large projects. NewForex Analyst Michael Butnitsky
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NewForex — The technical analysis of Forex Market
Anna Mon replied to Anna Mon's topic in Technical Analysis
Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, during the auction the greenback has strengthened against the single European currency. Then it is observed the price’s cons price within the closest levels of support on 1.0769 and resistance 1.0815 is observed. It is possible to tell that bears have taken an intermediate revenge, after the long approach of bulls which has begun since March 3. Now in the market small calm. However, the technical structure in the short term remains in favor of bulls. On the four-hour schedule moving averages with the period 20 and 55 continue to grow that speaks about the remaining ascending market potential. The histogram of MACD remains in a positive zone, but was considerably reduced towards the axial line and gives a signal for sale of euro against «American». The Stochastic oscillator has also reached a zone of an oversold and has created a similar signal that opens an entrance to the market with a short position. However, despite accurate signals to sale, we recommend to wait for breakdown of local level 1.0800 down. Forex News from New Forex: Technical analysis of GBP/USD The British pound, which strengthens against the greenback since the beginning of last week couldn’t resist the yesterday’s double shock from bears. As a result we could observe the sterling’s fall from 1.2550 to 1.2400. This time, the reason was the macroeconomic statistics of the USA. The first stroke was from the Price index on housing for January from S&P which corresponded to the forecasts of analysts. Then, one hour later the data on the trust level of customers for March was published which incredibly exceeded all expectations (114.0) reaching the point in 125.6. In the short term, the technical structure looks obviously in favor of bears. The MACD histogram went to the negative zone and fell below the signal line indicating an opportunity to an input in the market with a short line item. The Stochastic oscillator also decreases, entering an oversold zone with a similar sale signal. The level of support is 1.2349, the level of resistance is 1.2501. One must bear in mind the fact that today, the government of Great Britain initiates the article 50 in order to begin the procedure of Brexit. Forex News from New Forex: Technical analysis of USD/СAD Since March 16 it is observed the weak growth of the greenback against the Canadian dollar. At the trades on Wednesday, the price is consolidated in the limits of support level at 1.3354 and the level of resistance at 1.3396. It is noteworthy that the yesterday’s speech of the Bank of Canada’s head, S. Poloz hasn’t exerted any impact on quotations. The technical structure of the market on the four-hour chart indicates relative equality of warring parties. The MACD histogram slightly appeared in the area above the axial line without giving any accurate signals. The Stochastic oscillator settles down in an average zone creating a buy signal to the greenback in the short term as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of AUD/USD On Wednesday, the trading session on this currency pair follows different directions. The price remains within the closest levels of support at 0.7612 and resistance at 0.7679. The course is clamped between moving averages with the period of 20 and 55 days that indicates possible further consolidation to narrow a corridor of the currency pair. The MACD indicator gives a weak buy signal to the Australian dollar, however, the histogram remains in a negative zone. The Stochastic oscillator also grows but still it didn’t create an accurate signals for an entrance to the market. NewForex Analyst Sara Rosenstein -
The scheduled maintenance on the trade server and the website NewForex Dear clients and partners of the company! NewForex company permanently improves the quality of services which are rendered to you. For this reason, the scheduled maintenance which was planned in advance appeared on our website and trade server. NewForex programming personnel took all measures in order these operations didn't affect the quality of the rendered services in any way, however, there was a probability of separate services unavailability for a short-time. At the moment, we resumed the work both of the website and the trade server. For all questions, please contact our Support team by e-mail: support@newforex.com.
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The scheduled maintenance on the trade server and the website NewForex Dear clients and partners of the company! We would like to inform you that on our corporate site and on the trade server, the scheduled maintenance is carried out. In the nearest future the access will be regenerated again. We will report about the work's resumption of the website NewForex and the trade server on our homepage and at the forum in the section "News of the Company". The NewForex company apologizes for the troubles caused. With Best Regards, NewForex Group Department of Information
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News from NewForex: the announcement of the Forex market events at the date of March 27-31 Next week, investors will follow the political situation development in the US in order to learn whether the tax reform of the US president, Donald Trump will come under the spotlight. The market players will also follow the economic reports in the USA, including the data on private individuals income and expenses. Besides, the attention will be drawn by performances of the US Central Bank officials. Monday, March 27 The speech of FRB presidents in Chicago Charles Evans and the FRB president in Dallas, Robert Kaplan The publication of data on business confidence in Germany by the IFO institute Tuesday, March 28 The speech of the Bank of Canada head Stephen Poloz The speech of the FRB president in Dallas, Robert Kaplan The publication of data on consumers trust in the USA Wednesday, March 29 The speech of the FRB president in Chicago, Charles Evans The data on pure crediting in Great Britain The report’s publication on the incomplete sales volume in the USA Thursday, March 30 The publication of data on the prices of building materials inflation in Canada The publication of preliminary data on inflation in Germany and Spain In the USA there will be reconsidered value on GDP growth in the fourth quarter and the weekly report on the number of applications on unemployment Friday, March 31 The publication of data on the current operations of the state account in Great Britain The publication of official data on activity in manufacturing sector and the service sector in China New Zealand will issue data on Purchasing Managers’ Index The USA will finish economic week with data publication on private individuals income and expenses Also there will be data on production activity in the region of Chicago and the specified report on consumer’s moods. Fundamental analysis from New Forex: Europe The European Central Bank will reduce the monthly purchases of bonds next month and judging by this fact the narrowing will stop, however the markets expect the next reductions this year, in future and before the increase in rates. The European Central Bank should act extremely careful in order to keep prospects of flexible economic policy between the divided eurozone — with strong economy and also low unemployment rate and inflationary pressure on various sites of a range. The composite index of managers on supply of Markit in the eurozone has grown to 56.7 in March with 56.0 a month earlier outstripping the expectations foretelling the fall to 55.8 and having noted the best level since April, 2011. The production PMI index in March has grown to 56.2 with 55.4 while economists expected the decrease to 55.3. The best, than it was expected as the PMI data explained by more rapid growth of employment, growth of business activity and inflationary pressure at the expense of the high prices of raw materials and weak currency. Euro becomes stronger against the background of PMI data demonstrating that restoration of economy in the Eurozone has accelerated as the currency has grown by 0.24% against the greenback to 1.0810 and at 0.41% against the pound to 0.8646. Euro and the British pound increased 0.5% against the trade weighted basket among its main colleagues. Gold increased 1.1% to $1256.72 per ounce — to its highest level since February. The futures for iron ore have weakened at 6% blocking the gain this year. Copper and tin have dropped by 1.3%. Fundamental analysis from New Forex: The Asia-Pacific region The greenback and futures of US shares accelerated the fall on Friday while gold grew right after the bonds. The investors avoid risk assets against the background of the growing scepticism in relation to the U.S. President, D.Trump ability to realize the economic agenda. The yen has strengthened while the indexes control has fallen in Japan. The futures for iron ore have lost all potential which was received this year. The trading volumes in the markets decrease. Investors are very cautious, expecting clarity on the prospects of tax reforms in the USA which are undermined by approved project of health care reform. Futures for S&P 500 have lost 0.7% having expanded at Friday fall of the main indicator which has lost 1.4%. The MSCI index in the region has dropped by 0.3%. The Tokyo Topix has lost 1.4% reaching the lowest level of close since February 9. ASX in Sydney has receded at 0.1% while Kospi in South Korea was reduced by 0.6%. The index of Singapore advancing indicators has lost 0.4%. The Hong Kong Hang Seng has dropped by 0.4% while the Shanghai Composite index practically didn’t change. The index of emerging markets MSCI EM is practically the same while the indexes in Malaysia and Vietnam moved forward and in Indonesia and India they just slightly weakened. The yen increased 0.9% to 110.36 per dollar leading monthly profit to 2.2%. The index of the American currency has dropped by 0.4% and lost more than 4% this year. The Australian dollar has strengthened with a gain in 0.1%. Volatility increased only a little after S&P 500 earlier — the largest weekly jumped this year and reached the highest level since December. For example, the volatility indicator of Nikkei 225 has increased 11%. NewForex Analyst Alex Vergunov
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NewForex — The technical analysis of Forex Market
Anna Mon replied to Anna Mon's topic in Technical Analysis
Forex News from New Forex: Technical analysis of EUR/USD Monday is one more trading day when the single European currency continues to strengthen against the greenback. After the start of trading session in Europe, the pair trades within the closest levels of support at 1.0797 and resistance at 1.0904. This day is uneventful concerning macroeconomic statistics, thus, intra day dynamics of thу market is to be defined by its technical structure. The moving averages with the period of 20 and 55, on the four-hour chart, continue to grow. The MACD histogram fixed solidly in the positive zone and for today it grows, having risen above the signal line and giving a buy signal. The Stochastic oscillator grows too. Moreover it left an overbought zone creating the similar signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Monday, the currency pair follows different directions with a small advantage of buyers that forces the British pound to strengthen against the greenback. The current rate is located above moving averages with the period of 20 and 55 days indicating the market’s intention to continue the ascending tendency with the level of support at 1.2479 and the level of resistance at 1.2596. For today, the calendar is not full of statistics on significant macroeconomic indicators, thus the dynamics of an exchange rate is to be defined generally by the technical analysis indicators. On the four-hour chart we see that the MACD histogram is in a positive zone and grows a little without forming any accurate signals for investment actions. The Stochastic oscillator grows steadily, reaching an overbought zone and creating a signal for an entrance to the market with long position as the %К line is above the %D line. Forex News from New Forex: Technical analysis of USD/JPY Almost for two weeks in a row, the Japanese national currency strengthenes against the greenback. For today, from the very beginning of the trading session in Asia, the participants of the market haven’t managed to find any unexpected events. The currency pair USD/JPY continued to be traded in a bearish trend with support level at the mark 109.91 and the level of resistance at 111.44. On the four-hour chart, the moving averages EMA20 and EMA 55 continue to decrease since being crossed down in the middle of the current month. It means the intention of this market to remain under pressure further as it is confirmed by the fact that the price chart appeared in the area which is lower. The MACD histogram remains in a negative zone and for today it decreases creating a sale signal to the greenback against the Japanese yen. The Stochastic oscillator is located in an oversold zone creating a similar signal. In such a way, we expect the bears to keep the initiative if only the Central Bank of Japan doesn’t take any unplanned actions. Forex News from New Forex: Technical analysis of USD/CHF On Monday, the currency pair trades with clear advantage of bears remaining within the closest levels of support at 0.9782 and resistance at 0.9930. On the four-hour chart the price fell below moving averages with the period of 20 and 55 days which appear now as the intermediate levels of resistance. The technical structure of the market is characterized by the expressed descending tendency where the MACD histogram went into the negative zone and fell below the signal line, giving a sale signal to the greenback against the Swiss national currency. The Stochastic oscillator crossed the boundary of an oversold zone top down and created a similar signal as the %К line fell below the %D line. NewForex Analyst Sara Rosenstein -
Fundamental analysis from New Forex: Europe The European markets have grown on Thursday as the general fears about economic plans of the U.S. President Trump have drawn the investor’s attention to rather more favorable prices which were offered on the continent. The eurozone banks came to a final long-term auction for operations of refinancing in the first quarter after calling $62.2 billion last quarter and now, as expected will attract more than in average forecasts for $110 billion. Stoxx Europe 600 added 0.9%. The Futures for US indexes grow as republicans prepare for vote concerning health care. The Australian ASX is in the lead in the region growth with the gain in 0.8%. The Topix index has also grown by 0.8% having reduced it losses to 1.5% this week. South Korean Kospi has lost 0.2% and Hang Seng in China has weakened at 0.1% whereas the Chinese actions in Hong Kong have lost 0.2%. The futures for S&P 500 have risen by 0.2% though, earlier on Thursday the index has decreased by 0.1%. The index of MSCI emerging markets and has dropped by 0.1% but for the last 11 days as the indicator has closed nine of them in profit. The British pound has dropped by 0.2% against US dollar while the European currency has decreased by 0.17% against the greenback and is trading near levels of the February first week on 1.0764 for the greenback. The leaders of the of the European Union countries will meet on Saturday in honor of 60th anniversary signing of the Roman contract which has founded the block to discuss further steps after the Brexit. Meanwhile, the representatives of five member states of OPEC and also the countries which aren’t entering into OPEC are going to hold a meeting on Joint supervisory committee at the level of ministers with the purpose to establish supervision over reductions of oil production environment. Fundamental analysis from New Forex: The Asia-Pacific region The careful US trading volumes has extended also to Asia but the yen has also weakened that has led to the growth of regional actions. The Topix index in Japan has restored some losses received this week at the expense of the first for the last nine days weakening the Japanese yen trade exchange rate. Oil begins to decline during the whole week as gold has managed to correct the profit per today. The markets advance themselves by default accepting the prospects of the project adoption about health care in the US. The small trading volumes reflect the waiting strategy of investors that can be regarded surely as a delay before the large-scale purchases in the Asian markets. The widest index on stocks in the MSCI region has grown by 0.2% but still bargains near week maxima. ASX in Sydney was closed with the gain of 0.9% after several days of losses. The Japanese Nikkei has also added 0.9% per today that was promoted by small decrease in the trade course JPY. USD has grown by 0.4% against JPY to the level 111.35 having departed from a four-months minimum in 110.62 reaching it earlier. Against the basket of the main competitors, the USD index has grown by 0.15% to 99.911 losing 1.3% for the last two weeks. The USD will probably move within the bullish trend as global investors soberly realize the fact that the US can still create political deadlocks even unilaterally. The stock market of Great Britain closed with growth On Thursday, the stock market of Great Britain has finished the auction with growth due to the strengthening of oil and gas equipment sectors of the oil, the electronic and electric equipment and also the retail trade enterprises. In leaders of growth among components following the results of today’s trading there were stocks of Next PLC which have risen in price for 314,00 items (8,08%) having closed on a mark in 4.199,00. The quotations of Dixons Carphone PLC have grown by 12,30 items (4,07%) having finished the auction at the level of 314,80. Papers of Marks and Spencer Group PLC have grown in price of 12,40 items (3,82%) having closed at the mark of 337,30. Leaders of falling were the stocks Randgold Resources Ltd which price has fallen to 200,00 items (2,74%) having finished a session at the mark 7.095,00. Stocks of Glencore PLC have risen by 7,90 items (2,40%) having closed at the level of 321,65 and Hikma Pharmaceuticals PLC have decreased in the price at 46,00 items (2,22%) finishing the auction at the mark 2.026,00. On the London stock exchange, the number of the risen in price papers (1213) exceeding quantity closing in minus (758) while quotations of 450 actions practically didn’t change. The future for gold delivery in April has lost 0,30% or 3,75 reaching the at point $1.245,95 per troy ounce. As for other goods, the prices of crude oil WTI futures with delivery in May and fell by 0,58% or 0,28 to $47,76 per barrel. Futures for the Brent oil with delivery in May have fallen in price by 0.18%, or 0.09, to a mark of $50,55 for barrel. Meanwhile, in the market Forex the steam of GBP/USD has grown by 0,32% to 1,2525 while quotations of the pair EUR/GBP have dropped by 0,45% reaching the point 0,8609. The future for the USD index has grown from 0.07% to 99,55. The Great Britain stock market was closed with growth,adding 0,24%. Dow Jones decreased by 0.02% while the US stock market of closed with falling The US stock market has finished the Thursday auction of falling against the background of negative dynamics from health care sectors, technologies and also oil and gas. At the time of Dow Jones, the New York Stock Exchange has fallen in price by 0,02%, the S&P 500 index has fallen in price by 0,11% and the NASDAQ Composite index has fallen by 0,07%. Following the results of today’s trading, in the leaders of growth among Dow Jones index components were the stocks of Nike Inc which have rose in price by 1,45 items (2,69%) having closed the mark in 55,37. Quotations of E I du Pont de Nemours & Co have grown by 1,38 items (1,74%) finishing the auction at the level of 80,56. The papers of Home Depot Inc have grown in price at 0,63 items (0,43%) closing at the mark 147,99. The leaders of fall were the stocks of UnitedHealth Group Incorporated which price has fallen to 1,74 items (1,04%) having finished its session at the mark 165,29. The stocks of the Travelers Companies Inc rose by 0.74 items (0,61%), having closed at the level of 121,29 while Wal-Mart Stores Inc have decreased in price at 0,39 items (0,56%) and finishing the auction on a mark 69,86. NewForex Analyst Michael Butnitsky