Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Daily Market Analysis by Vinson Financials
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="VinsonFinancialsFX, post: 94476, member: 34988"] [url="http://www.vinsonfinancials.com"][CENTER][IMG]http://i58.tinypic.com/1ph2xc.jpg[/IMG][/CENTER][/url] [B][SIZE=4][COLOR=#ff0000]Financial News December 28, 2015 [/COLOR][/SIZE][/B] [B]US household consumption likely to drive growth in 2016[/B] University of Michigan index of consumer sentiment December final estimate was up to 92.6, slightly over expectations of 92.0. Current conditions were up to 108.1, the highest since June. The consumer expectations were revised upwards a tick to 82.7, below November print but still over October. Both were led by concerns related to personal finances, the current personal finances index climbed to 113 and expected personal finances went up to 124. "Buying conditions for durables now stand at 167 (previous: 154), the highest since 2005 and consistent with continued strength in motor vehicle sales. Sentiment now stands in line with its average pace of improvement over the course of the recovery, and we expect household consumption will continue to drive growth in 2016", says Barclays in a research note. [SIZE=4][COLOR=#ff0000][B]Market Review December 28, 2015 [/B][/COLOR][/SIZE] The financial markets remain quiet with insignificant market movement as another holiday week begin. Released during the Asian session this morning, Japan's factory output fell for the first time in three months in November and retail sales slumped, suggesting that a clear recovery in the world's third-largest economy will be postponed until early in 2016. While manufacturers expect to increase output in coming months, the weak data casts doubt on the Bank of Japan's view that an expected pick-up in exports and consumption will help jump-start growth and accelerate inflation toward its 2% target. Industrial output fell 1.0% t in November from the previous month, more than a median market forecast for a 0.4 percent decline, data by the trade ministry showed on Monday. Moreover, retail sales fell 1.0% in November from a year earlier, more than a median forecast for a 0.1 percent drop. The USD/JPY pair remained near the 120.55 area, after dropping to the 120.15 area in the previous week. The economic calendar is rather empty for the day and rather light for the whole week as the holiday spirit is dominating the markets. The key events for the week would be the United States CB Consumer Confidence and Unemployment Claims. View our full economic calendar for a daily roundup of major economic events. [B]Data releases to monitor:[/B] CAD: Bank Holiday (Boxing Day). GBP: Bank Holiday (Boxing Day). [COLOR="#FF0000"][B]Trade Idea of the Day [/B] [B]EUR/CAD[/B][/COLOR] Currently the pair is trading at 1.5182. Traders must monitor the 1.5318 resistance level and the support level 1.4955 for possible breakouts. A possible scenario would be a movement towards the 1.5241 resistance level, where a break may lead to the 1.5275 area. An alternative scenario could be a movement towards the 1.5137 support level, where a break may lead to the 1.5095 area. [IMG]https://www.vinsonfinancials.com/images/daily-chart/2015/December/28DEC15EURCADH1.png[/IMG] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…