technical analysis

Lower world wheat ending stock estimate bullish for wheat Wheat ending stock estimate was lowered in WASDE July report. Will the wheat prices continue rebounding? Wheat prices are under pressure as harvest gets closer for spring wheat. The US Department of Agriculture revised downward world...

Bank of Japan does not rule out further rate cuts Masayoshi Amamiya, Deputy Governor of the Bank of Japan, said that his department could further reduce the negative rate if it is needed to stimulate the economy. Will the USDJPY quotations grow? Such a move indicates the weakening of the yen...

Improving trade surplus bullish for AU200 Trade surplus and retail sales rose in Australia. Will the AU200 stock index continue advancing? Recent economic data from Australia were positive: Australia's retail sales rose in May and trade surplus hit record high. Retail sales rose by 0.1% in May...

Slowing services sector in UK bearish for GBPUSD UK’s service sector expansion slowed in June. Will the GBPUSD continue declining? Economic data from UK were negative after the unrevised final reading of Q1 GDP confirmed economic growth was at the strongest pace since the third quarter of 2017...

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Positive data and dovish Fed bullish for SP500 Federal Reserve indicated it would act to support expansion with data pointing to continued strength of US economy. Will the SP500 stock index continue advancing? US monetary authority indicated a leaning toward easier policy at June 17-18 policy...

Sowing wheat in the US is behind schedule In this review we suggest to consider the WHEAT / RUB Personal Composite Instrument(PCI). It reflects the price dynamics of wheat versus Russian ruble. Is the growth of WHEAT/RUB quotations possible? It rises when wheat becomes more expensive on the...

Getting ready for the bank of Mexico meeting In this review, we suggest to consider the Silver vs. MXN personal composite instrument (PCI). It reflects the price dynamics of silver against the Mexican peso. Will the XAGMXN quotations grow? Such dynamics means the rise in silver prices and the...

Preparing for US-China trade negotiations and publication of statistics In this review, we suggest considering the personal composite instrument (PCI) CNHRUB. It reflects the price dynamics of the Chinese yuan against the Russian ruble. Will the CNHRUB rise? Such a movement on the chart is...

US President Appeals to OPEC Oil quotations fell by about 3-4% after US President Donald Trump called on OPEC to increase production. Will the correction of WTI quotations continue ? From its last low on December, it was up 56%. The local maximum was set on Tuesday, April 23rd. The main reason...

Preparing for the meeting of the Bank of Canada and publication of New Zealand data In this review, we would like to draw your attention to the New Zealand dollar vs Canadian dollar currency pair. Is there a possibility for the NZDCAD to fall? Such dynamics are observed in case of the...

Rising trade surplus bullish for Australian stock index Trade surplus and consumer sentiment rose in Australia. Will the AU200 stock index continue advancing? Australian data after central bank’s April 1 interest rate decision were positive on balance: contractions in the services sector and...

Positive data bullish for NIKKEI Japanese retail sales and housing starts increased in February. Will the NIKKEI continue rising? Recent Japanese economic data were positive on balance: while the Tankan index for big manufacturers' sentiment softened in the first quarter 2019 from the previous...

Technical setup bullish for GB100 Slowing mortgage and sales data followed preceding report of better than forecast retail sales in February. Will the GB100 advance continue? UK economic data have been mixed recently: retail sales growth in the UK was little changed in February, ticking to 4%...

Negative data bearish for DE30 German manufacturing sector contraction accelerated in March. Will the DE30 continue declining? Recent German economic data were negative: preliminary Markit Manufacturing PMI contracted from 47.6 in February to 44.7 in March, the worst level in six-and-a-half...

Risks of a slowdown in the global economy may lower S&P / ASX 200 index Australian stock prices fell amid signs of a slowdown in the global economy. Will the AU200 stock index fall? In Australia, the Manufacturing PMI and Consumer Sentiment macroeconomic indicators decreased in March. Earlier...

Weather deterioration in the US may reduce cereal yields There is severe flooding in the Midwestern United States, which can damage cereal crops. Will oat prices rise? Because of the severe flooding on the Missouri River, crops in Montana, North Dakota and Nebraska may be damaged. However, it...

Preparing for the meeting of the Bank of Mexico In this review, we suggest considering the personal composite instrument (PCI) “Silver vs. MXN”. It reflects the price dynamics of silver against the Mexican peso. Will the XAGMXN rise? Such dynamics indicate an increase in silver prices and the...

Expectations of good crop bearish for coffee Ample world coffee supply expectations weigh on coffee market. Will the coffee prices continue declining? Coffee prices are under pressure as favorable weather conditions in main producers countries indicate building of ample global supply. Brazil...

Dovish Fed stance bullish for gold Halting interest rate hikes this year by the Fed is bullish for gold. Will the gold price continue rising? Federal Reserve’s dovish stance hurts US dollar, making gold more affordable and attractive for investors. At a conclusion of March meeting yesterday...