Anna Mon

Forex News from New Forex: Technical analysis of EUR/USD On Friday, the trade on this currency pair proceeds in different directions with support level at 1.0783 and the level of resistance at 1.0814. Today, in the market there is a bullish mood where strength of buyers is defined by growth of the MACD histogram which settles down in a positive zone and now prevails raising up. The moving averages with the period 20 and 55 are also go up and grow. The four-hour price chart has risen to the area above the moving averages that confirms the ascending market tendency in the short term. The Stochastic oscillator settles down in the central area, rises up and gives a buy signal to the single European currency against the greenback. The %К line is located above the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Friday, the trade on this currency pair proceeds in different directions with support level at 1.0783 and the level of resistance at 1.0814. Today, in the market there is a bullish mood where strength of buyers is defined by the MACD histogram growth which settles down in a positive zone and now prevails raising up. The moving averages with the period 20 and 55 are also go up and grow. In the short term, the four-hour price chart has risen to the corner above the moving averages that confirms the ascending market tendency. The Stochastic oscillator settles down in the central corner, rising up and giving a buy signal to the single European currency against the greenback. The %К line is located above the %D line. NewForex Analyst Sara Rosenstein

Fundamental analysis from New Forex: The Asia-Pacific region US dollar exchange rate reached the longest strip of losses since Donald Trump won elections while the stock markets were traded in different directions, but at the same time near the record-breaking high levels. The Australian shares fell as well as in South Korea, Singapore and New Zealand, also as well as futures for the S&P 500 index. The stock market of Japan is closed for a holiday. Indexes grew in Hong Kong, Malaysia and Thailand while shares of continental China fluctuated between profit and losses. Profitability of the 10-year Australian bonds resumed withdrawal after the growth at the end of the last week. The G20 didn’t assume obligation about opposition to protectionism. The Futures for the S&P500 index decreased by 0.2%. Last week, the basic index grew by 0.2%. The Australian ASX index weakened at 0.4% while the South Korean Kospi index dropped by 0.5%. Hang Seng grew by 0.5%, and Shanghai Composite lost 0.1%. Malaysian while Thai indexes grew at 0.2 and 0.3% relatively. However, NZX in New Zealand lost 1.4% that is much lower than Fletcher Building Ltd indicator which showed broader losses in the construction division. In the raw markets, the WTI decreased by 0.9% to $48.35 per barrel. WTI lost already 10% this month, showing the best one-month slide since July. The yen grew at 0.2% to 112.53 per dollar, having beaten out to the February 28 maxima. The South Korean won added 0.9% and now it is traded at the highest levels since October 20 what the general tendency to growth in the developing Asian markets led to. The Bat also reached the highest level since October while currencies of Malaysia, Indonesia and Taiwan grew in the limited ranges. The Australian and New Zealand dollars relatively grew at 0.3 and 0.5%. Fundamental analysis from New Forex: Europe European Union and Japan hurry to make a deal on important commercial transactions, so now they advocate the interests of free trade within the meeting of the G20, noting negative pressure from the US administration protectionist policy. At the same time, the political thaw in the Netherlands connected with defeat right on elections supported the growing euro exchange rate, so now all attention of investors is riveted on France where eurosceptics also, have a few chances of a victory. Shares of the eurozone are under the pressure of strong euro, though following the results of last week Stoxx Europe 600 grew at 1.28%. Earlier on Friday, German DAX grew at 0.10% and the French CAC at 0.32%. Thus today, the uncertainty in measures of counteraction of the American trade protectionism undermined confidence in the European funds profitability. Euro increased 0.2% to 1.0762. In the spot markets, gold grew at 0.4% to $1234.24 per ounce, increasing trade volumes already for the 4th day. The main metals fell on the London metal exchange where copper was a forward of fall with 0.6% losses while the tin departed for 0.4%. The dollar fell, investors analyze the meeting of the G20 Finance Ministers On Monday, during the Asian trading session the dollar fell while the index decreased lower than 100 as investors were disturbed by the statements of the world’s leading economies Ministers of Finance during the meeting which took place during the weekend, underlying the lack of unity concerning worldwide trade policy. At the weekend, the meeting of Finance Ministers from 20 largest world economies was held. They warned that it is better not to be engaged in competitive devaluations. Finance Ministers couldn’t agree about keeping international trade freedom and sociability. According to the senior economist of MizuhoBank message, Vishnu Varatan, the Minister of Finance in Germany, Wolfgang Schaeuble was upset with the fact that the point about avoiding any forms of protectionism was not included in the G20 communique as the U.S. Treasury Secretary Steven Mnuchin preferred to fight against world balance violations and to maintain inclusivity and honesty. The Japanese markets are closed for holidays. The pair AUD/USD was traded 0,7723, increasing 0,21% while the pair USD/JPY decreased by 0.03% to 112,66. The pair GBP/USD was traded 1,2393, having dropped by 0,02%. The People’s Bank of China established the reference rate of yuan at the level of 6,8998, concerning US dollar after closing level in 6,9030. The US dollar index which has shown the dollar’s force towards the trade basket rather weighed as six leading currencies dropped by 0,14% to the level of 100,00. Several officials of the Federal Reserve System, including its chairman Janet Yellen will act this week. Investors will watch the performances in order to discover hints for terms of the following interest rates increase in the USA, data on the inflation from Great Britain and business activity in the eurozone. Last Friday the US dollar fell to its lowest level in five weeks towards other leading currencies. It is expected, that FRS will raise interest rates more slowly than it was expected by considerable part of investors. At the same time, the US Central Bank gave whether it is going to accelerate monetary policy toughening while Yellen only repeated that increase in rates will be gradual. The Japanese markets are closed because of holidays, Asian shares fell The majority of Asian shares fell on Monday. After the Singapore Ezra Holdings declared the bankruptcy at the weekend. The Japanese markets were closed because of holidays so recently investors monitor the shares of different companies which are connected with oil extraction. The Ezra Holdings company make a bankruptcy submission on Saturday, having declared that it owes $272 million DBS Group and $184 million Oversea-Chinese Banking Corp. The shares DBS Group and OCBC relatively dropped by 0.41% and 0,31%. The Singapore index Straits Times dropped by 0.4% and its oil and gas sub index by 1,01%. At the weekend, the meeting of Finance Ministers from 20 largest world economies was held. They warned that it is better not to be engaged in competitive devaluations. Finance Ministers couldn’t agree about keeping international trade freedom and sociability. According to the senior economist of MizuhoBank message, Vishnu Varatan, the Minister of Finance in Germany, Wolfgang Schaeuble was upset with the fact that the point about avoiding any forms of protectionism was not included in the G20 communique as the U.S. Treasury Secretary Steven Mnuchin preferred to fight against world balance violations and to maintain inclusivity and honesty. The Japanese markets are closed for holidays. The pair AUD/USD was traded 0,7723, increasing 0,21% while the pair USD/JPY decreased by 0.03% to 112,66. The pair GBP/USD was traded 1,2393, having dropped by 0,02%. The People’s Bank of China established the reference rate of yuan at the level of 6,8998, concerning US dollar after closing level in 6,9030. Last Friday the American shares fell, despite of the fact that there was mostly positive economic data. So, production volume in processing industry and consumer moods were much better than it was expected and industrial output was slowed down. The American shares grew, though for a while, in the middle of the day but rolled away at the end of the trades. At the same time, the positive data couldn’t improve the investors mood. The Michigan university declared that, according to preliminary calculations, its consumer sentiment index grew in March to 97,6 with 95,7 per month and the production volume in processing industry grew for the sixth month in a row. Both indicators were better, than it was expected but industrial output in the USA didn’t change in February, though it was expected that it will grow by 0,2%. At the time of New York Stock Exchange closing, the Dow Jones Industrial Average decreased by 0.45% to 20.914, S&P 500 lost 0,40% while NASDAQ Composite almost didn’t change its positions and finished the day at the level of 5.901. NewForex Analyst Michael Butnitsky

Forex News from New Forex: Technical analysis of EUR/USD On Monday, the trades on this currency pair proceed with the good ascending market potential. The price remains within the support level at 1.0713 and the level of resistance at 1.0775. The chart was fixed above the moving averages with the period of 20 and 55, so in total with the MACD indicator data it confirms the buyer’s strength. The technical structure of the market indicates good bullish potential in the medium term. On the four-hour chart the MACD histogram is located above the central line but began to decrease, slightly creating a sale signal. The Stochastic oscillator progresses in an average zone and gives a buy signal to the single European currency against the greenback as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Monday, by opening the trades in Asia, the British pound continued to strengthened against the greenback. It is necessary to notice that this currency pair is in the ascending trend since the last week beginning and today sterling has made a start from the lower bound of the ascending channel so it is quoted with the level of support at 1.2360 and the level of resistance at 1.2443. The technical structure of the market is characterized by the obvious ascending potential as the MACD histogram reports about a good buyers backlog in the medium term giving a buy signal to the British pound. The Stochastic oscillator is in an overbought zone and now it creates a sale signal as the %К line crosses the %D line top down. Forex News from New Forex: Technical analysis of AUD/USD By the beginning of the current trade week, the currency pair resumed its growth winning back a small kickback and reached its highest level of the current year February — 0.7740. Now the pair AUD/USD is on the way to its maximum of last year November — 0.7778. It is required to overcome the strong level of resistance in the corner of 0.7751. For today, the support level is determined around the mark 0.7676. It is worthy of note that on the day chart the MACD histogram appeared in the corner above the central line and gives a buy signal to Australian national currency in the medium term. The Stochastic oscillator which is located in an overbought zone also created an identical signal. Forex News from New Forex: Technical analysis of NZD/USD At the trades on Monday, the New Zealand national currency is traded in different directions and by the European trading session beginning, the quotation of «kiwi» remains within the closest levels of support at 0.6986 and resistance at 0.7062 . It is necessary to notice that the New Zealand dollar has strengthened steadily against the greenback since March 10 of the current year, showing only one «dark» candle last Friday on the day chart. For today, in the four-hour timeframe it is observed the increase in bulls potential indicated by the MACD histogram which appeared in a positive zone and continues to grow, giving a buy signal. Moving averages with the period of 20 and 55 also grow by crossing up. The Stochastic oscillator balances on the border of an overbought zone without showing an accurate signals yet. As soon as it is determined with an arrangement zone, it will be possible to make an investment decisions about the entrance to the market. NewForex Analyst Aaron Kaufmann

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Fundamental analysis from New Forex: The Asia-Pacific region Asian shares were traded in different directions and US treasury bonds were traded near its highest level this year as investors expect almost obvious growth of US Federal allowance rates this week. The stock market in Japan weakened for the first time in 4 days. The Chinese shares grow because of strong economic data. Data from China showed that industrial production in January and February grew by 6.3% and retail sales at 9.5% in relation to the last year’s levels. Today, the MSCI index on transregional shares almost didn’t change. Topix in Japan decreased by 0.1% after it was closed with the maximum of December, 2015 on Monday. Kospi in South Korea added 0.7%, having expanded the 1% growth of Monday. The Chinese shares which are traded in Hong Kong increased 0.5% after growth by 1.9% a day earlier. The Taiwan Taiex grew by 0.5%. The Jakarta Composite index increased 0.7%, to the highest levels since November. Futures for the S&P 500 index weakened at 0.1% after the control index was closed on Monday almost without any changes. The yen weakened a little having reached the level of 114.85 against dollar having lost after fluctuations between profit and losses slightly less than 0.1%. The index of US dollar increased 0.1%. The Canadian dollar grew against the greenback to 1.3439 having come off the level of yesterday’s closing 1.3445 for 0.04%. Ten-year schools of the USA decreased at 2.61% and there is an opinion that breakdown of 2.60% level can initiate a strong bullish trend to the American bonds this week. Fundamental analysis from New Forex: Europe The European stock markets were closed with a surplus on Monday while oil prices continued to fall. Investors watch the course of elections in the Netherlands and preliminary polls show that extremely right candidate Geert Wilders feels the ground slipping away from under the feet and will hardly become the following Dutch prime minister. The Stoxx Europe 600 index increased 0.38% to 374.64. DAX in Germany adding 0.22% to 11.9900, and CAC 40 in France strengthened at 4.9996 with a surplus in 0.13%. Shares in London also finished its session with a modest surplus because of increase in prices for metals. FTSE 100 increased 0.33% to the level of 7367.08. In the foreign exchange markets euro weakened to level 1.0662 in relation to the greenback having lost 0.16%. The pound sterling weakened against all main competitors and now it is traded with 0.3% decrease against US dollar after the parliament approved an initiative of negotiations between the prime minister Theresa May and officials of the EU concerning the procedure of an exit from the Union. The Swiss franc became stronger against the European colleagues but trades below principal currencies of an Asia-Pacific region. The Wall Street was closed almost without any changes expecting FRS meeting US shares finished the Monday’s trades practically without any changes as traders showed care expecting the FRS meeting following the results of which the regulator, as expected, will raise the interest rates. Mobileye papers jumped up almost at 30 percent to a maximum in $61,51 after the producer of Intel (NASDAQ:INTC) chips agreed to make a purchase for the development of pilotless driving technologies for $15,3 billion. The shares Mobileye finished the trades with the growth at 28,2 percent while Intel papers fell in price by 2,1 percent. Recently, in the investors focus there is a two-day meeting of FRS which will begin later on Tuesday. The traders observe 94 percent probability of increase in interest rates on 25 basis points; results of a meeting will become known only on Wednesday. The shares of a graphical accelerators and processors developer Nvidia grew by 2.8 percent while the papers of auto components producer Delphi Automotive (NYSE:DLPH) added 4 percent. Both companies are engaged in development of technologies for the auto industry. The Dow Jones index finished the trades with decrease by 0.1 percent to the level of 20.881,48 points, the S&P 500 index added 0,04 percent to 2.373,47 points, the Nasdaq Composite index grew up at 0,24 percent to 5.875,78 points. Papers of Valeant Pharmaceuticals decreased by 9.3 percent after closing of an official session as the investor William Ackman who had been supporting pharmaceutical company for two years, reported on Monday that its hedge-fund sold all shares of the firm. The GB stock market was closed with a fall, having decreased by 0,66% The stock market of Great Britain finished the Monday’s trades with fall against the background of negative dynamics from operators of a fixed telephony sectors, metal industry, production, construction and building materials. At the time of closing the London stock exchange, the stock market decreased by 0,66%. In the leaders of growth, following the results of today’s trading were the shares Fresnillo PLC (LON:FRES) which increased 76,00 items (5,59%) in price having closed on at the mark in 1.436,00. Quotations of Antofagasta PLC (LON:ANTO) rose 36,50 items (4,88%) having finished the trades at the level of 784,50. The shares of Capita PLC (LON:CPI) increased 23,50 items (4,32%) in price having closed at the mark of 568,00. The leaders of fall were the following shares: BT Group PLC (LON:BT) which price decreased by 10,85 items (3,17%) having finished it session at the mark of 331,60. Standard Life PLC (LON:SL) shares increased 8,50 items (2,24%) having closed with the level of 371,50 while BP PLC (LON:BP) decreased by 7,20 items (1,53%) in the price finishing the trades on the mark at 463,50. During the London stock exchange, the number of the risen in shares (1047) exceeded the quantity which was closed in minus (873) and quotations of 475 shares which practically didn’t change. The future for gold with delivery in April added 0,15% or 1,85, having reached a point in $1.203,25 per troy ounce. As for other goods, the prices of WTI future crude oil with delivery in April slumped 0,19%, or 0,09, to $48,40 per barrel. Brent’s futures for oil with delivery in May rose 0,06% in price or 0,03, to the mark $51,40 per barrel. Meanwhile, in the Forex the pair GBP/USD increased 0,48% to 1,2229 and quotations of EUR/GBP decreased by 0,72% having reached the point 0,8718. The future for the USD index decreased by 0,20% to 101,18. NewForex Analyst Michael Butnitsky

Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the trades develop with the same ascending potential as during the last trading session with a small price correction during the trades in Asia so today the market remains within updated levels of support at 1.0621 and resistance at 1.0684. On the four-hour chart the MACD histogram indicates the remaining ascending potential of the market despite the created sale signal to single European currency. Moving averages continue to grow steadily while the Stochastic oscillator creates a strong signal for an entrance to the market with a long position as the line %К crosses the %D line top down at the exit from an oversold zone that can foretell good bullish movement in the nearest future. Forex News from New Forex: Technical analysis of GBP/USD The descending movement is observed since the beginning of a current month, starting to slow down. It indicates the beginning of warring parties forces redistribution. Bearish potential of the market was considerably reduced during the trading session on Monday. In such a manner, today everything will depend on investors and speculators behavior. On the four-hour chart, there are observed contradictory indications of the technical analysis indicators. The MACD histogram was reduced to the central line and now it is already appeared in a positive zone whereas the Stochastic oscillator gives a signal to sterling’s sale against the greenback. In such situation we prefer to wait, staying out of the market. NewForex Analyst Sara Rosenstein

Fundamental analysis from New Forex: The Asia-Pacific region This week, asian shares grew and the dollar weakened in the relation to the most colleagues because of the positive report on employment in the US who supported the line items of stock investors before the decisions of Japan Bank and U.S. Fed approaching. The oil is in the six-day descending trend. This month, the Tokyo shares expanded at the most long rally while shares of the South Korean companies grew to the highest levels since May, 2015. The shares of the Chinese companies which are traded in Hong Kong are jumped up. Global shares are traded near its record levels while signs of a strong growth in the US and Europe reached parity with economy of China showing improvement signs. The MSCI index in the region extended at 0.6%. Topix in Japan added 0.2% after purchased 1.2% on Friday having reached two-year maxima. The index of the Chinese entities HS China Enterprises added 1.5%. Kospi in South Korea added 1.1% headed by a 1.9% surplus in Samsung Electronics Co. Korea expanded with a profit of last week rising against the background of the last stages of discharge of the president Park Geun-hye dispelling political uncertainty implementation in the country. The Australian ASX index lost 0.4% and the New Zealand NZX added 0.2%. The South Korean increased at 1%. The Australian dollar grew by 0.3% after adding 0.5% on Friday. The dollar’s index dropped slightly less than by 0.1% after decreasing by 0.6% on Friday. The yen slightly increased having reached 114.75 against USD. Fundamental analysis from New Forex: Europe Last week, the stock markets in Europe closed with a surplus with the help of strong data from the US labor market having raised the prospects of medium-term inflation acceleration in the eurozone. The Stoxx Europe 600 index closed with a surplus in 0.9% while German DAX weakened at 0.12% and French CAC 40 grew at 0.24% having approached the strong level of support in 5.0000. In spite of the fact that the European Central Bank declared the weakening prospects of deflation the common currency continues to grow against the most of competitors. Euro is traded at the level of 1.0708 against the greenback having punched a 1-month maximum at 1.0700 earlier on Friday. Inflation recovery agrees the European Central Bank statement at the stage of economy improvement goes to the labor market. CHF grows against the most of the main colleagues despite the lack of local releases, following the macroeconomic environment limiting interest in Pacific Rim currencies. The pound sterling also got the upper hand. The Australian equity market went down at trade’s close; S&P/ASX 200 decreased by 0.32% On Monday, the Australian stocks decreased after the close as losses in Energy, Healthcare and A-REITs sectors lessened the shares. In Australia, basically at the close, 0.32% was declined by the S&P/ASX 200. During the session on the S&P/ASX 200, the best performers were St Barbara Ltd (AX:SBM), which grew 8.33% or 0.190 points to trade at 2.470 conclusively. Meantime, Evolution Mining Ltd (AX:EVN) gained 6.81% or 0.130 points to end at 2.040 and Resolute Mining Ltd (AX:RSG) got up 6.75% or 0.085 points to 1.345 at the close of the trade. The bottom of the heap during the session were BWP Trust (AX:BWP), which fell 3.18% or 0.090 points to trade at 2.740 conclusively. Sims Metal Management Ltd (AX:SGM) decreased at 2.95% or 0.370 points to end at 12.190 and South32 Ltd (AX:S32) decreased at 2.82% or 0.075 points to 2.585. Descending stocks outnumbered advancing ones during the Australian Stock Exchange by 576 to 480 and 316 ended without any changes. BWP Trust (AX:BWP) shares fell to 52-week lows falling 3.18% or 0.090 to the level of 2.740. The volatility index S&P/ASX 200 VIX, increased at 10.01% to 9.708. For April, the gold futures were up to 0.50% or 5.95 to $1207.35 per a troy ounce while crude oil decreased in 0.78% to reach $48.11 per barrel, while the May Brent oil contract decreased at 0.62% or 0.32 to trade at $51.05 per a barrel. AUD/USD increased to 0.37% to 0.7570, while AUD/JPY increased in 0.35% to 86.80. The greenback Index Futures decreased at 0.40% to 100.97. The US stock market closed with growth, Dow Jones added 0,21% The US stock market finished the Friday’s trades with growth due to the strengthening of utilities sectors, telecommunications and the industry. At the time of close the New York Stock Exchange of Dow Jones grew by 0,21%, the S&P 500 index rose at 0,33%, the NASDAQ Composite index rose in price at 0,39%. In leaders of growth among components of the Dow Jones index following the results of today’s trading there were shares General Electric Company (NYSE:GE) which rose in price at 0,62 items (2,09%) having closed at the mark of 30,28. UnitedHealth Group Incorporated (NYSE:UNH) quotations grew at 1,97 items (1,17%) having finished the trades at the level of 169,98. Caterpillar Inc (NYSE:CAT) papers grew in price at 0,92 items (1,01%) having closed with a mark in 92,31. The leaders of fall were Boeing Co (NYSE:BA) shares which price fell to 1,87 items (1,04%) having closed its session with a mark in 178,70. The shares Goldman Sachs Group Inc (NYSE:GS) increased at 1,80 items (0,72%) having closed at the level of 248,38, and Merck & Company Inc (NYSE:MRK) decreased in the price to 0,29 items (0,44%) and finished the trades on the mark of 65,60. In leaders of growth among components of the S&P 500 index following the results of today’s trading were Ulta Beauty Inc (NASDAQ:ULTA) shares which rose in price for 4,62% to the mark 286,42 Estee Lauder Companies Inc (NYSE:EL) which gained 3,50%, having closed at the level of 85,78, and also shares of Endo International PLC (NASDAQ:ENDP) which increased at 2,75% having finished a session at the mark 10,82. During the New York Stock Exchange the number of the risen in price papers (2103) exceeded quantity closed in minus (1110) and quotations of 44 shares almost didn’t change. At the NASDAQ stock exchange the papers of 1376 companies rose in price, 1117 decreased and 127 remained at the level of the previous close. NewForex Analyst Michael Butnitsky

Forex News from New Forex: Technical analysis of EUR/USD On Monday March 13, the currency pair is traded with a substantial increase of the price within the closest levels of support at 1.0545 and resistance at 1.0667. In the market remains a good bullish potential with attempts for successful testing of the current level resistance. Moving averages with the period of 20 and 55 days increased and today grows steadily. On the four-hour chart, the MACD histogram was fixed above the central line and giving a buy signal to single European currency against the greenback. The Stochastic oscillator left an overbought zone and giving a sale signal. In such a manner, for today we prefer to stay out of the market before more approved signals of technical analysis indicators. Forex News from New Forex: Technical analysis of GBP/USD On Monday, the currency pair continues to be traded in a bearish trend developed since the beginning of a current month. The price remains within the closest levels of support at 1.2156 and resistance at 1.2236. The market has serious bearish potential as it shown on the MACD histogram which was fixed below the central line on the four-hour schedule. The Stochastic oscillator remains in an average zone and began to form a sale signal to the British pound against the greenback. Moving averages with the period of 20 and 55 also continue to decrease in a descending trend framework since the current month beginning. NewForex Analyst Sara Rosenstein

Fundamental analysis from New Forex: The Asia-Pacific region The global gap grows in sovereign public debts acting ahead of workplace report in the USA. The Australian 10-year bonds continued to grow showing the longest tendency since 1974. The yen fall higher 115 for dollar supporting the Japanese actions while the dollar continues to grow. The Chinese shares which are traded in Hong Kong weakened. Gold fell in price to $1200 for ounce falling already the fifth day and demonstrating the longest decrease since October. Oil came off the three-months minima but $50 for barrel are still cheaper. The Topix index in Japan grew at 1.2% having reached its week maxima. The MSCI benchmark grew at 0.5%. The Australian ASX grew at 0.6%. Hang Seng in Hong Kong added 0.2% and the Shanghai Composite index almost didn’t change while Hang Seng China Enterprises lost 0.4% having expanded at 1.8% decrease in Thursday. The index of Singapure leading indicators jumped up at 0.5% after the authorities declared decrease in the state fee for a revenue stamp. The Indian Sensex added 0.1% after interrogations showed that the prime minister’s batch Narendra Modi headed a race for the power in the Uttar Pradesh State. Futures S&P 500 were left without any changes. On Thursday, the index extended at 0.1%. The yen dropped at 0.4% to 115.43 for dollar. This week, the index of dollar was steady having added 0.8%. This week all 16 principal currencies fell against US dollar being led by Brazilian real and the South African rand. The profitability, according to the USA treasury bonds grew by one basis point and made 2.61% with the 10-year term of an expiration. Profitability of similar Australian bonds grew by five basis points to 2.97%. Fundamental analysis from New Forex: Europe On Thursday, the European shares grew against the background of optimistic statements of the ECB head Mario Draghi who reviewed QE program prospects for the next year towards simplification. However, this year there is an urgent a need of steady maintenance return to the price stability as well as it was supposed about what witnessed the statement of the European Central Bank governors board. To market closing the Stoxx Europe 600 index grew at 0.08% to 372.89. German DAX grew at 0.09% to 11 978,39 and French CAC 40 added 0.42% to 4,981.51. The Oil & Gas index dropped by 1.53% to 304.69%. Consumer prices in the Netherlands grew at 0.9% in February and for 1.7% in annual basis as it is expected. In the foreign exchange markets, euro grew at 0.11% against US dollar to 1.0580 and at 0.41% concerning pound sterling to 0.8693. The Swiss franc shared defensive positions with yen because of high increase to risks. The risks connected with the prospects of eurozone growth became less expressed but the inclination remains down and are mainly connected with global trade factors. NewForex Analyst Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region The markets of Asian shares outside Japan fell after data showed that the prices of China producers grew most in high gear from the moment of the Olympic Games in Beijing whereas consumer prices were weaker, than it was expected. Profitability of treasury bonds and dollar continued growth after publications of strong reports on employment in the USA. The Hang Seng index and Shanghai Composite lost the biggest part this month while Chinese index shares which are traded in Hong Kong showing the most rapid fall since January. The MSCI index was the weakest for the whole month but the Japanese shares grew with the help of weakening yen. Oil slightly came off three-months minima so gold creeps down already for the fourth day in a row. The Hang Seng index lost 1.1% having shown the biggest intra-day recession since February 1 as the Shanghai Composite index dropped at 0.8% having shown inconspicuous fall since February 27. Heng Seng China Enterprises weakened at 1.5%. The Topix index in Japan grew at 0.3%. The regional benchmark MSCI decreased by 0.4% to the lowest level since February 14. On Wednesday, futures for S&P 500 slightly changed after the index weakened at 0.2%. For the current year the index grew at 5.5%. In February, the offshore yuan lost 0.2% to 6.9296 for dollar. The price index of China producers grew at 7.8% to the highest indicator since September, 2008 and a consumer price index only at 0.8% that is much lower than the predicted 1.7%. On Wednesday, the index of the American dollar grew at 0.1% after growth by 0.4%. The South Korean won grew by 1.1% to 1.1561 for dollar and the Japanese yen lost 0.2% falling to the level of 114.54 against the greenback. The profitability of 10-year US treasury bonds grew at 1 basis point to 2.57% after increasing at 25 basis points for the last eight days. Profitability of similar Australian bonds grew by seven basis points to the level of 2.93% and to it’s highest level since December, 2015. Fundamental analysis from New Forex: Europe It is expected that Mario Draghi will continue his work within the QE program by emphasising minimization of the main price pressure upon the European stock markets. The decision on policy of the European Central Bank will be announced at 15:45 Moscow time. Earlier on Wednesday the European shares grew against the background of the widest profit which was got by such companies as Adidas and G4S. About 55% of the European companies went to maxima of quarterly average growth of 2011 by results of the last quarter of the financial year. The all-European Stoxx Europe 600 tore off the descending tendency which proceeded during the last 4 days having closed with a surplus in 0.1%. At the same time, FTSE in Britain lost 0.1% because of negative budgeted expenses which undermined the potential growth of the United Kingdom stock market. The single European currency and the British pound weakened at 0.1%. For euro there are prospects saddened by policy of the European Central Bank. The Swiss franc got stronger against the Australian dollar and the British pound of the growing interest in hedging towards financial risks from investors but its growth remains limited because of the precious metals weakening prices. WTI crude oil grew at 0.6% to $50.54 for the barrel. The gold has lost 0.2% and now is traded at the price of $1.2059 for troy ounce. NewForex Analyst Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region Shares in the USA are weakening already for the third day and the dollar grows against the background of the expanding prospects of increase in interest rates next week. Shares of the energy companies fell and health weakened after Donald Trump promised to reduce medicines prices in the USA. Profitability of 10-year treasury bonds grew to 2.51% and copper fell to the monthly minima. The prospects of global economy growth remain rather strong to resist the growing costs for borrowings. S&P 500 lost 0.3% and fell to the level of 2.3682 having shown the first two-day recession since January. Shares of the health companies dropped at 0.5% after Trump declared that he works on the new system competition in pharmaceutical industry. At the same time Asian shares grow among which papers of continental China and Hong Kong are in the lead. The MSCI index added 0.25%. The US dollar grew a little: the dollar index almost didn’t change but the greenback added 0.1% against euro and is traded at the level of 1.0570. The Australian dollar also got stronger against most of competitors and slightly grew against US dollar. The Canadian dollar was beaten out in leaders of today’s growth yielding only to the Japanese yen. The data on work positions in the USA will appear on Friday. According to the average forecasts employers added about 190 000 workplaces reflecting signs of a strong growth of employment population. Fundamental analysis from New Forex: Europe The stock markets in Europe weakened earlier on Tuesday after Trump undermined the pharmaceutical companies prospects growth. Some companies reported weak quarter data for 2016 by aggravating a situation even more. In general, data from Germany also supported the descending trend having reported on fall of industrial orders for 7.4% in January that demonstrates the largest monthly fall for the last eight years because of decrease as internal demand and in the eurozone. The all-European benchmark index of Stoxx Europe 600 dropped by 0.3% already for the fourth time in a row. However, the index is still traded near 15-month maxima because of the surplus profit which was received last week. The index of health sector served as the strongest burden for Stoxx Europe having dropped by 1%. Euro dropped by 0.05% against the greenback and trades below all other main competitors. The British pound lost 0.3% against US dollar and is traded at the level of 1.2206 near seven-week minima. Swiss franc is in deaf defense because of steady global appetites to risk. On the goods market WTI crude oil lost 16 cents to $53.14 for barrel. The Oil Minister of Saudi Arabia Khalid al-Falih told, however, that OPEC and partners achieve enough good results in ensuring promised reductions. Copper falls already for the fourth day and today it became known that inventories in warehouses to the London metal exchange jumped at for 33% in 2 days having shown the greatest surplus since 2004. Gold in three last months lost 0.7% and is traded at $1217.30 per ounce losing 0.8% during previous session. NewForex Analyst Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region Escalation of geopolitical tension in the region provoked yen’s growth while the majority of Asian shares progressed in growth and in way how investors reacted to the National People’s Congress results and the statement of the Federal Reserve System head, Yellen. Share futures for the Japanese Topix weakened after North Korea made four shots ballistic missiles in nearby waters. In general, the stock market grew in the region staying movable by Shanghai and Hong Kong. Profitability of 10-year Treasury bonds in the USA stabilized after five-day rally while gold and oil departed in defensive line items. The regional benchmark MSCI grew by 0.3%. The Indian Sensex added 0.6% being traded near the maxima of September, 2016. Kospi grew by 0.3% having recovered from early losses in 0.5% after the Samsung Electronics Co. shares jumped up at 1.3%. Topix lost 0.2% having expanded early 0.5% decrease. Futures of S&P 500 lost 0.3%. The comparative index added 0.1% on Friday having closed with profit already the sixth week in a row. The Hong Kong Hang Seng grew by 0.2% and Shanghai Composite added 0.3%. The yen recovered against dollar having added 0.2%. The South Korean won decreased at 0.1% after neighbour’s shots. On Friday the index of US dollar added 0.1% after lost 0.7%. As for the US monetary policy, it should be noted that the head of the Federal Reserve Yellen joined other officials promising an interest rate development that he sets bullish mood on American currency. Fundamental analysis from New Forex: Europe This week, the European funds opened an excellent potential to growth having closed passed the highest surplus this year. The geopolitical tension is movable by the French presidential elections weakened specifying the European markets won’t suffer from it «anyway». The all-European benchmark index Stoxx 600 failed at 0.1% on Friday having pushed away 15-month maxima. However, it is arguable that this week the European funds will grow more than ever this year being movable by strong financial and bank prospects in particular. Сertainly it opens bearish prospects for common currency. Euro is in defensive provision being traded with losses in 0.25% against the greenback and supporting the potential for growth of regional funds. The British pound also weakened against the background of keen interest in share assets. And the Swiss franc joins group of depressive European currencies too but against the background of the growing interest in risks and low demand for gold. Gold lost 0.2% and is traded at 1.2329 for ounce. Last week, metal showed the worst results this year having lost 1.8%. NewForex Analyst Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region The Asian markets which are departed from Thursday’s rally while shares in the USA are traded poorly and the head of the Federal Reserve System, Yellen is going to weigh the prospects of interest rates increase. The greenback is in a flat having interrupted the longest victorious series since May, 2016. The stock market in Japan weakened after three days of growth even in spite of the fact that consumer prices indicators grew for the first time since December, 2015 and weakened prices of metals buy putting pressure upon the Australian shares while South Korea funds fell on reports that China will constrain tourism within the country. The yen became stronger after a four-day series of defeats against the background of confidence growth in FRS to raise rates this month. This year, on the region-wise the Benchmark-MSCI lost 0.9% having shown the broadest easing. The Japanese Topix lost 0.6% after it was closed at the highest level since December, 2015 on Thursday. The ASX index in Sydney lost 0.8% after its biggest splash since November during the previous session. Kospi decreased at 1.2% to November’s minimum. The Hang Seng index was reduced by 0.6% and the assessment of Chinese shares in Hong Kong showed its decrease at 0.8%. The futures for the S&P 500 index dropped at 0.3%. The yen grew up at 0.2% to 114.21 against the greenback. This week, the currency still loses 1.8% demonstrating the largest recession during this year. The dollar almost didn’t change by closing the five-day rally this week. The Australian dollar is traded in the negative territory with decrease against all main competitors. As for today, the Chinese national political advisory conference including more than 2000 political elite, heads of business and other large lobbyists opens an annual session in Beijing. Also later for today, Yellen will comment the state of the economy and interest rates. Fundamental analysis from New Forex: Europe The European stock indexes weakened on Thursday against the background of the developed bank shares and fixed assets which were growing persistently during the previous session. However, some large corporate profits in the energy sector partially compensated sags in financial and consumer sectors. What impresses me the same time is that the season of high yield European funds moves in its last stage now. The all-European benchmark index Stoxx Europe 600 was closed in a flat from 75% of the companies which reported that the profit per share grew up by 12,1% in annual basis to the maxima of the 4th quarter 2013. Subsea 7 — the large company of petroservices added 5.5% against the background of the super positive reporting for the 4th quarter and the prospects of special dividends payments. Engie — the French oil and gas company added 8.2% having shown the best surplus since the end 2008 after the income of the company for 2016 came according to expectations of analysts. The European currency got stronger against the background of the European Central Bank attempts to review the prospects of financial activity in the public markets and works with short-term interest rates pressure upon which expanded spread between the German and American bonds to the 2008 maxima. The British pound took a position of today’s fall leaders while interest in Swiss franc renewed against the background of the growing appetites towards financial risks hedging. NewForex Analyst Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region Global growth dragged on Asia. This way bulls gain momentum during the Tokyo session. Shares in Tokyo jumped up to the highest level since December, 2015 while the Australian funds closed at its three-months maxima after Wall Street indexes punched the fresh record maxima confirming strengthening of investment appetites worldwide. The dollar continued to grow after the Federal Reserve System official Breynard supported the initiative towards rates increase in the nearest future. Treasury bonds were stabilized after three-day rescission and gold in the spot markets weakened in the price. The Japanese Topix extended at 0.8% to the highest level since December 18, 2015 having expanded an early surplus of the environment to 1.4%. The ASX index in Australia grew by 1.3% to its November maxima while the New Zealand NZX added 0.4%. Hang Seng tested a surplus in 0.4% having punched the level 24000 while the Chinese shares traded in Hong Kong (China Enterprises) grew at 0.5%. In Seoul, Kospi grew by 0.6% and Wall Street futures S&P 500 lost 0.1% after 1.4% growth on Wednesday. At the same time Dow punched the level 21000. The yen decreased at 0.3% to 114.04 for dollar after losing 0.9% on Wednesday and 1.7% during this week. The dollar’s index added 0.2% having expanded the five-day growth to the longest victorious series since May, 2016. The Australian dollar lost 0.3% today and is traded in deaf defense against its main competitors. Earlier on Wednesday the 10-year treasury bonds profitability in the USA was stabilized at the level of 2.46% after ascension on 6 basis points. Last month data showed that the production in the USA extended mostly in high gear during the last three years. The medium terms for the American currency remain bullish. Fundamental analysis from New Forex: Europe The European funds punched its 15-month maxima with the bank and construction funds assistance after investors rethought Trump’s line item and his careful rhetoric within the performance before the Congress. Prospects of an infrastructure lobby remain urgent that also concerns tax and budget plans of the U.S. President. The all-European benchmark Stoxx Europe 600 added 1.6% and is traded near its two-annual maxima. However, industrial activity in the region extended to the rates of six-year maxima without affecting trade euro exchange rate per today. The German DAX punched 22-month maxima and CAC in France is traded at the level of its 15-month-old maxima. The European currency is traded weaker than their main competitors against the background of the European Central Bank emotional neglect to questions of financial regulation urgent problems in the public markets in spite of the fact that even such a champion in currency manipulations as China already headed the financial threats weakening due to productive forces regulation. The British pound increased from its general positive production data and the Swiss franc is traded in defense because of low appetites to hedging and the weakening gold. Gold in the spot markets lost 0.3% and is traded at the level of 1.2464 per ounce. Oil also lost 0.6% to $53.52 for barrel because of doubts in feasibility of OPEC efforts to affect a global excess production NewForex Analyst Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region The dollar passes the baton to bulls against the background of the Federal Reserve System aggressive policy which strengthened its chances to increase the interest rates in the USA next month. Asian shares grow among which shares of mining companies are leading the pack. Global shares are traded near its record maxima. Nevertheless, these days care and small-bore trade volumes prevail in the markets waiting for plans of new American administration for the future budgeted expenses. South Korean Kospi jumped up at 0.9% to the highest level since 2015 while the Japanese Topix added 0.6% having expanded its rally on Monday. Hang Seng in Hong Kong decreased by 0.4% but Hang Seng China Enterprises grew at 0.1%. Shanghai Composite added 0.4%. The Australian ASX and the Canadian TSX lost 0.07 and 0.16% relatively. The US dollar grew against the majority of principal currencies after the head of the Philadelphia’s Federal Reserve System, Patrick Harker supported the prospects of next month toughening monetary policy. The Australian dollar is in deaf defense with losses in 0.3% against the greenback and the Canadian though feels steadily and trades above most of competitors loses 0.2% against the greenback. On Monday, the yen dropped by 0,4 percent to the level of 113.59 against dollar after decrease at 0,2 percent. Fundamental analysis from New Forex: Europe The United Kingdom of Great Britain and House of Lords of Northern Ireland discuss the bill which will allow the prime minister Theresa May to begin an exit procedure from the European Union. At the same time some members aim to make changes which deputies from opposition in the lower house of communities couldn’t make. Marine Le Pen strengthened line items against rivals in France having secured with support of socialists and left having pushed away profitability of the German bonds to the maxima of 2012. On Monday, the European benchmark index Stoxx 600 was closed with a surplus in 0.2%. Among large corporate sags we will note the shares of the Unilever company which weakened at 5.1% after a final gap of the offer for 143 billion dollars on Kraft Heinz company takeover. Profitability of 10-year eurobonds grew to 2.44%. On Monday, the British FTSE was in the lead of regional growth. Euro lost 0.3% against US dollar and is traded at the level of 1.0585. The British pound is in a deaf defense with losses in 0.35% against the greenback at the level of 1.2428. The Swiss franc strengthened against the European colleagues but is traded more weakly than an Asia-Pacific currencies with losses in 0.28% against US dollar. Gold dropped at 0.4% to 1.2337 for ounce. Metal alternates profit and losses for the last four sessions. NewForex Analyst Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region Trade reflation pushes shares to the highest historical levels of last weeks worldwide but today regional growth is limited as the Japanese yen jumped up and sovereign bonds of Japan grew for the first time during last five days. Investors began to doubt that regional indexes will continue to punch historical maxima further. World shares extended at more than for $70 trillion after Trump was elected as the U.S. President. At the same time, the official data testimonial of inflation strengthening allow to raise interest rates with complete confidence that not only American but also the economy of emerging markets will sustain the next increases without threat of considerable capital outflow. Yesterday’s data showed revaluation of monetary policy toughening prospects from U.S. Fed to 42% from 30% declared two days ago. The dollar index lighting the American’s rate against the main trade weighed competitors fell to 100.92 while the Australian dollar was one of leaders of today’s growth having strengthened against the majority of principal currencies despite contradictory data from the labor market. Earlier the Japanese yen grew by 0.3% to 113.87 against US dollar having lost 0.9% on Wednesday. The Canadian also keeps strong in relation to competitors having received a boost from prospect favorable and at the same time large-scale commercial transactions with the United States. Fundamental analysis from New Forex: Europe The European stock indexes grow thanks to positive dynamics in the banking sector including France where one of the largest commercial banks and at the same time one of the most scandalous grew almost by 5% having shown the favorable reporting for the last quarter of the last year. And also due to the prospects of deglobalization and sovereign stimulation proceeding from the French pre-election race where the far-right anti globalist, Le Pen increases leading line items. The all-European benchmark Stoxx Europe 600 extended at 14.82 points having added 0.45% while the sovereign stock indexes show unilateral positive results: the British FTSE 100 added 33.65 points (0.47%), German DAX grew at 22:12 points (0.19%) and French CAC 40 was beaten out in leaders with a surplus at 29.04 points (0.59% respectively). European currencies are traded more weakly than Asia-Pacific colleagues due to broad fiscal policy from the European Central Bank in case with euro and also due to the growing interest in risk and the cheapening gold — in a case with Swiss franc. And here the British pound feels confident enters into top three of today’s growth having joined the Australian dollar and yen, specifying the growing gap with single economy of the EU. NewForex Analyst Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region The Asian stock indexes closed mixed with noticeable fluctuations in Japan and Hong Kong but nevertheless accepting an impulse from global rally after control indicators of the USA grew to new historical maxima. The optimism from the prospects of the American economy growth under the leadership of Donald Trump remains a driving force for investors in relation to shares. The American inflation consumer expectations reached 19-month maxima in January that can be good news for the Federal Reserve System even despite of the unclear economic plans of Trump. On Monday, the regional MSCI index almost didn’t change after reaching the highest level since July, 2015. Meanwhile, the S&P 500 index on Wall Street was closed at unprecedentedly high level and MSCI, the World-benchmark is also traded near its 2015 maxima. Shares in Hong Kong and Shanghai were in a flat, after releasing data on the prices of China producers. Today, the head of the US Federal Reserve System Yellen plans to begin the report to the Congress and it is expected that the action will end tomorrow and during which the central banker will emphasize the most probable scenarios of development of monetary policy this year. The Australian dollar grew against the background of the large corporate income which came to its maxima of nine years while treasury bonds grow since Friday. The American dollar approached its two-week maxima against yen and is traded near the level of 113.72 after Trump refused to comment on Japan monetarist policies within the meeting with the prime minister, Shinzo Abe. For today, all attention of investors is concentrated on economic indications of Yellen and it is expected that already on March 15, U.S. Fed from 30% chance will raise the stakes within the regular meeting of committee on the public markets. Besides, the head of the Japan Bank, Kuroda will also act later today but as it is expected, there will be no comments on Trump’s claim within this report. Fundamental analysis from New Forex: Europe Concerns in the relation of the European Union prospects disintegration are condensed that led to growth of the British pound against common currency today against the background of the thin political skirmish and mutual threats recognizing Germany and also London that not in a smaller measure was promoted by the growing prospects of a victory of the anti globalist and anti-allied candidate at presidential elections in France. The European regulators emphasize a number of powerful concerns which can damage the economy of Great Britain in the medium term having torn off the channels of economic growth connected with a financial intermediation which were traditionally provided from London. At the same time, economists of City and many politicians are sure that competent reforms will steadily influence development of Britain even more in the long term as financial center in the region. The British pound strengthened at the level of 1.1817 against euro which staying in defensive positions against most of main competitors while the Swiss franc got insignificant support because of the weakened interest in risk and the growing attention of investors in the relation of hedging instruments. The European commission emphasizes in the forecast that the economic growth of Britain will be slowed down to 1.5% this year and 1.2% in the following in comparison with two-percent growth in 2016. And perhaps it is necessary to expect that exchange of «pricks» will only increase as the prospects of disintegration of the Union become stronger that can reflect adversely by no means on sovereign economies in the European region. NewForex Analyst Alex Vergunov

Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the trades proceed with reduction in price as it has been proceeding during the previous trading days since the beginning of last week — on February 6. Among the market participants bearish moods prevail. Therefore, the single European currency loses in price. On the four-hour chart, the quotation left much below than the moving averages with the period of 20 and 55 days. Now the relative marks at 1.0583 and 1.0636 serve as the levels of support and resistance. It is to be recalled that today according to the chart the publication of macroeconomic indicators for both euro and the greenback is necessary. We expect the news on the consumer price index, GDP and Purchasing Managers’ Index of Germany, the Consumer price index and a price index of Switzerland producers, GDP of Italy, and at last GDP of all Eurozone with the Index of industrial production. We expect the similar data to give serious support to the single European currency. The technical structure of the market differs with an obvious bearish spirit. The MACD histogram stays deeply in a negative zone but it doesn’t create an accurate signal as well as the Stochastic oscillator. Thus, we prefer to stay out of this market until the warring parties force clarification. Forex News from New Forex: Technical analysis of GBP/USD On Tuesday, the trades proceed with a moderate bullish spirit of the market participants and advance in price within the current levels of support at 1.2478 and resistance at 1.2585. The quotations appeared in the corner slightly higher than the moving averages with the period of 20 and 55. However, warring parties force hasn’t determined yet. On the four-hour chart the MACD histogram reduced to the central line and it progresses along its own axis without giving any accurate signals. The Stochastic oscillator is close to an overbought zone and it created a sale signal as the %К line is higher than the %D line. However, this signal can be false and premature. It should be noted that today at 12:30 Moscow time (9:30 GMT) the publication of macroeconomic data on Great Britain is planned including the line on index of the producer’s price and on the Consumer price index. So it can give a serious support to sterling, we also expect it in order to make the investment decisions. Forex News from New Forex: Technical analysis of USD/JPY Since the beginning of January, the greenback has been losing its positions against the Japan national currency and it was only last week that the greenback began to increase, having invertedly developed its trend movement. In such a manner, now on the four-hour chart we observe the moving averages with the period of 20 and 55 which increased, intercrossed and tend to be growing now. The price chart appeared in the corner above the moving averages. On Tuesday, the pair is traded within the current levels of support at 113.37 and resistance at 113.86. In the short term, the MACD histogram stays in a positive zone that indicates the collected ascending potential. Today it gives a sale signal for transactions. The Stochastic oscillator decreases and creates a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/CHF Since the beginning of the current month, we can observe the greenback strengthening against the Swiss national currency. The market is impregnated with bullish mood of its participants and the trades on Tuesday didn’t become an exception. The price grows in a four-hour timeframe. The chart rose to the corner above the moving averages with the period of 20 and 55 days, indicating serious bullish market potential. Meanwhile the quotations remain within the current levels of support at 1.0013 and resistance at 1.0061 but it is necessary to notice that today the release of macroeconomic data on the Consumer price index is expected just like the Price index of producers and import of Switzerland. It can give a good support to franc. However, the technical structure of the market on the four-hour chart is obviously bearish one. The MACD histogram fell below the signal line and it gives a sale signal, the Stochastic oscillator has also created a similar signal as the %К line is lower than the %D line. NewForex Analyst Aaron Kaufmann

Fundamental analysis from New Forex: The Asia-Pacific region The yen weakened against the American dollar after Trump’s meeting with the prime minister of Japan Shinzō Abe. Instead of this, security matters and the labor markets were discussed and it is expected that questions of monetary policy and fiscal stimulation will be discussed by the Japanese Deputy Prime Minister Aso and the American vice-president Pensem. The regional benchmark of MSCI added 0.3% led by the resource-extraction companies while the Japanese Nikkei grew by 0.4% having received a boost from the weak yen. On Friday, the global MSCI index tracking share value in 46 countries grew to its highest level since May, 2015 where the main indexes of Wall Street were closed at its fresh historical maxima. Trump declared earlier that he plans to unveil the most ambitious plan of tax reform since the time of Reagan in the next several weeks that revived hopes for big reductions taxes. This fact provided a broad support to the dollar which added 0.2% against the European currency and strengthened at the level of 1.0622 near its three-week maxima. Against yen, the greenback added nearly 1% having become stronger at the level of 114.17 considerably expanding a rebound from the bimestrial minima in 111.59 yens. Fundamental analysis from New Forex: Europe Bundesbank threatened London that it can lose the role of a financial «window to Europe», the British government reacted frostily to this fact having supported Brexit prospects hoping that Great Britain can win a role of financial center in the region. This process promises cool tax reforms and broad fiscal support for the banking sector with deregulation of financial activities. It should be noted that nearly 80% from all currency transactions in the EU are performed in Great Britain, and more than a third of all wholesale banking services between large business, the governments and the pension funds appears also in Great Britain. Billions of pounds are traded every day to provide the companies, for example concerning risk of an interest rate realignment, abnormal volatility or inflation risks. The European currency weakened at 0.2% against the greenback and is traded near three-week minima while the British pound sterling became stronger as the leader of today’s growth against a basket from main competitors. The Swiss franc considerably weakened against other currencies because of the growing interests towards risk. NewForex Analyst Alex Vergunov

Forex News from New Forex: Technical analysis of EUR/USD This week there is an amid mixed trading concerning the greenback against the main world currencies. The greenback began to lose its positions a little against the single European currency. On Monday, the currency pair EUR/USD is traded with an advance in price and for a while it stays within the current levels of support at 1.0646 and resistance at 1.0693. In the long term, the market keeps bearish potential and it is confirmed by the MACD histogram on the four-hour chart which stays in a negative zone. It started to reduce a little having risen above the signal line which is a buy signal for the single European currency. The Stochastic oscillator is located in the central corner and it grows, giving a similar signal as the line %К is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Monday, the trades on this currency pair proceed with a small advance in price during the Asian trading session. Meanwhile, the sterling is quoted within the closest levels of support at 1.2485 and resistance at 1.2602. According to the MACD indications on the four-hour chart, the force of warring parties remains undetected as its histogram graded up with the central line and the indicator doesn’t give a certain action signals. The Stochastic oscillator progresses in an average zone and creates a buy signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of USD/JPY On Monday, the trades proceed with an obvious bearish spirit of the market participants. Meanwhile, the currency pair USD/JPY is quoted within the current levels of support at 113.25 and resistance at 114.09. It is necessary to notice that alignment of forces in this market underwent changes and the initiative stays at bulls that can be seen in terms of the MACD histogram which rose in a positive zone. Now the histogram is below the signal line and gives a sale signal for the greenback against the Japanese yen. The Stochastic oscillator fell to the central corner creating a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/CHF On Friday, the Swiss franc loses its positions against the greenback at the trades in Europe. The investors’ mood is characterized by moderate bullish potential, at the same time, the price remains within the current levels of support at 0.9984 and resistance at 1.0040. According to the indications of the technical analysis, for example the MACD indicator, bulls «pick up steam» on the four-hour chart as the histogram is at the growth stage and it gives a buy signal. The Stochastic oscillator is in the central corner and it decreases, having created a sale signal as the %К line is lower than the %D line. In such a manner, the situation in this market is obviously not determined. It forces us to stay out of this market for some time. NewForex Analyst Aaron Kaufmann

Fundamental analysis from New Forex: The Asia-Pacific region The stock indexes in Asia lingered on the level of year and a half maxima against the background of the fresh trade data from China which showed almost 8% of surplus on export and 17% on import last month. Also quite firm growth is observed both on Wall Street and in Europe emphasizing the widest interest in shares and stock markets in general. The widest benchmark index of the region MSCI grew up by 0.5% and received a 1,5% surplus this week while the composite index of Shanghai grew up only by 0.5%. This week the Japanese Nikkei added 2.5% thanks to the weakened yen and added 2.4%. Three main indexes of Wall Street are near its record maxima after Trump promised to disclose details of tax projects within the next several weeks and as it is expected will open the strongest prospects for growth of the American funds. Thanks to the strongest data from the labor market which showed decline in demand for unemployment benefits to 43-year minima, the US dollar grew up by 0.1% against a basket of the trade weighted competitors and also at 0.8% for this week and for 0.4% against the Japanese colleague having become stronger at the level of 113.75 with a surplus which was more than 1 this week. The Australian dollar grew up by 0.2% against the greenback and was stabilized at the level of 0.7651 supporting optimistical forecasts of RBA for bullish tendencies in monetary policy. Fundamental analysis from New Forex: Europe In Europe the stock indexes grow thanks to strong corporate profits in energy and also bank and pharmaceutical sectors with the growing US dollar which took away the European colleague in defensive line items. This action opened the broadest prospects for the European stock market. The French bank — second-large among commercial in the country, became the leader of the European growth on Thursday having added 11.6%. The stock markets of Europe grow actively because of weak euro: the European benchmark Stoxx 600 added 0.8 and finished its two-day growth at the level of two-week maxima. German DAX grew up by 0.9% and the German blue chip index, according to the main investment strategist Christian Kaler, can grow by 8% to record-breaking high levels this year that is promoted by the solid corporate income and economic growth in regions that can compensate even policy risks. Revenue of telecommunication services was reduced less last year than it was expected and firmer Internet and mobile sales are predicted. Here the European index of the mining industry lost 0.1% against the background of inefficiently wide offer which entered the return correlation with the fallen copper prices and nickel. Euro remains under pressure of policy risks in France but at the same time is stable and is traded around the level of 1.0655 against the greenback having managed to lose a little more than 1% this week. However, criticism in relation to currency manipulations in the global markets from new American administration gaining steam, the rate of such currencies as euro, yuan or the Japanese yen will disperse — it is inevitable and therefore traders and investors shall be very vigilant in relation to such news. Let’s remember at least how the recent criticism from the new U.S. Treasury Secretary Mnuchin affected surplus of currency holdings in China. NewForex Analyst Alex Vergunov

Forex News from New Forex: Technical analysis of EUR/USD On Friday the pair is traded with a small lowering, remaining within the closest levels of support at 1.0642 and resistance at 1.0695. The single European currency couldn’t keep its positions higher than the level of 1.0700 resulting in domination of bearish investors’ moods in the market so the price fell to the corner of 1.0650. The technical analysis «MACD» indicator went to a negative zone below the central line and today it continues to decrease creating a sale signal. Staying in an oversold zone, the Stochastic oscillator has also created a similar signal as the line %К is below the %D line. In such a manner we observe greenback strengthening against the main world currencies. Yesterday the good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. It should be noted that today there is an extra economic summit of the European Community countries. The news from this summit can have a significant impact on the single European currency and it lead to volatility splash in the market. Forex News from New Forex: Technical analysis of GBP/USD Yesterday, the greenback strengthened against the British pound in trading. The currency pair GBP/USD lost about 70 pips and today the pair is traded with a slight price increase in Asia while the sterling returned a bit of its line items. The technical structure of the market indicates the loss of bears potential while bulls didn’t gain it yet. In such a manner, the force of warring parties remains unclear in the short term. On the four-hour chart the MACD histogram was reduced to the central line and at the moment it doesn’t create an accurate signal. The Stochastic oscillator is in an oversold zone and gives a signal to sale of the British pound against the greenback. However, today the sterling can garner support from the quarterly publication considering national economy growth rates as on January from NISER by the end of the trading day. Forex News from New Forex: Technical analysis of USD/JPY Judging by the trades on Thursday, the greenback has considerably strengthened against the Japanese national currency. Yesterday, good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. On Friday the trades continue with the same bullish mood of the market participants within the closest levels of support at 112.72 and resistance at 113.83. According the technical analysis indications, in the short term bulls steadily accumulate the potential for the further growth. On the four-hour chart, the MACD histogram appeared in the area above the central line and it continues to grow giving a buy signal to the greenback. The Stochastic oscillator is in an overbought zone and it creates a similar signal as the %К line is located above the %D line. It is worthy of note that the price chart went to the corner above moving averages with the period of 20 and 55 days and it confirms the growing potential of bulls. Forex News from New Forex: Technical analysis of USD/CHF Judging by the trades on Thursday, the greenback has considerably strengthened against national currency of Switzerland. Yesterday, good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. On Friday, the trades continue with a moderate advance in price within the closest levels of support at 0.9963 and resistance at 1.0070. The technical structure of this market indicates benefit in favour of bulls in the short term. The price chart progresses above moving averages with the period of 20 and 55 days. The MACD indicator rose to the corner above the central line and continues to grow having created a buy signal of the greenback against Swiss franc. The Stochastic oscillator is in an overbought zone and also continues to grow giving a similar signal. NewForex Analyst Aaron Kaufmann

Fundamental analysis from New Forex: The Asia-Pacific region The stock indexes in Asia grew to its year and a half maxima among which the Chinese indexes were in the lead with the widest separation from other Asian colleagues having developed after long stagnation in trade. At the same time the American dollar strengthened against the background of the growing instability in Europe and the European funds received a quite good surplus because of weak currency. For today the all-European benchmark index of MSCI on the Pacific Rim added 0.4% to its three-annual maxima where the markets of Hong Kong and China in general were the most effective. The Japanese shares also remained in the center of attention because of a meeting between the U.S. President Donald Trump and the prime minister of Japan Shinzo Abe on Friday. The US dollar is traded at the level of 100.31 against main competitors according to the trade weighted index while the Japanese yen also received an essential surplus because of the growing interest in hedging of financial risks. The Australian and Canadian dollar became stronger against European currencies but are traded more weakly in an Asia-Pacific region. Fundamental analysis from New Forex: Europe In Europe shares are traded with a surplus thanks to weakening interest towards single and also to a number of local sovereign currencies but are significantly limited to cool political problems in France which underwent to threat with an exit from the European Union. At the same time in Great Britain the tax share grows to its highest levels since 1986 in compliance with data of Institute of financial studies. Higher income in the budget from taxes and low growth rates will promote formation of these indicators according to data of the think-tank. The consumer price index grew to 1.6% in annual expression in comparison with 1.2% the previous year according to data of Management of national statistics. The common currency weakened at 9 points against the American dollar and is traded at the level of 1.0682 that promotes growth of the European funds showing the most expressive results in industrial and financial segments. Meanwhile, the pound sterling shows potential to growth against the background of other regional currencies while the Swiss franc weakens because of the growing interest towards risk in the European region. NewForex Analyst Alex Vergunov

Forex News from New Forex: Technical analysis of EUR/USD On Thursday the pair follows different directions within the current levels of support at 1.0641 and resistance at 1.0701. The rate fell below the moving averages with the period of 20 and 55. On the four-hour chart the bullish spirit of the market participants is observed. The MACD histogram is in a negative zone. It means that the market keeps bearish potential. The Stochastic oscillator is located in the central corner and it decreases giving a sale signal of the single European currency as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of GBP/USD At Thursday’s trades, after the European trading session opening, this currency pair keeps raising. In the short term, the ascending trend is observed in the four-hour chart. The chart rose above the moving averages with the period of 20 and 55 and it continues to grow. Today the market tests resistance in the range of 1.2575 mark with the support level at 1.2504. The MACD histogram stays along an axial line. The Stochastic oscillator is in the central corner and it gives a sale signal as the %К line is lower than the %D line. NewForex Analyst Sara Rosenstein

Fundamental analysis from New Forex: The Asia-Pacific region Today, asian shares trade slightly below four-months maxima while the European currency was undermined by ambiguous prospects of Trump’s decision on foreign policy and the future presidential elections in France during which conservative leader François Fillon yielded a position to centrist and extreme right candidates so that fact prompted profitability of the French national bonds. The MSCI regional benchmark index grew up by 0.1% at the end of trade having carried out the most part of session in the negative territory. The Japanese Nikkei index grew up by 0.5%. In Wall Street there is observed a surplus most of all in technological sphere by Nasdaq which added 0.2%. Growth of S&P 500 was limited by weak oil prices and constituted only 0.02%. Dow also grew up by 0.2%. The Australian ASX added 0.52% and the Canadian TSX grew up by 0.27%. The American dollar weakened against yen after the moment when Trump strictly scarified currency manipulations of the Bank of Japan, so now it is traded at the level of 112.35 near its four-months minima. The Australian dollar continued to grow against most of competitors and is traded at the level of 0.7634 against the greenback with a 0.17-% surplus. The Canadian colleague also strengthened against the American dollar at the level of 0.7591 with a surplus in 0.13%. The Chinese yuan weakened a little after the data showed an unexpected fall of China currency holdings in January, for the first time within the last six years. This situation appeared to be the same as some economists supposed it because of currency exchange control in the global financial markets toughening. Fundamental analysis from New Forex: Europe The stock indexes in Europe grow restrictedly because of political environment in France limiting investment prospects of the country. Financial scandal over the former leader of a race — the conservative Fillon who displaced final prospects for benefit of the centrist Macron on the one hand and the extreme right anti globalist opposing the EU and Marine Le Pen on the other hand. However, the European shares nevertheless grew led by mining and financial sectors. The all-European benchmark index Stoxx 600 grew up at 0.5%. The British FTSE is in a flat. The Norwegian insurer Storebrand showed the largest growth of index with a surplus in 6.9% to nine-year maxima. The French banks weakened because of the sovereign bonds growing profitability. The European currency weakened at 0.6% against the American dollar and now it is traded at the level of 1.0682. The British pound is in a defensive line items against the background of fresh updating Brexit problems and Swiss franc which went to deaf defense weakening against the majority of principal currencies and being traded at the level of 1.0006 against the greenback. The Swiss currency is traded poorly this week because of new interest towards risk which is beating out gold back in the descending tendency. NewForex Analyst Alex Vergunov