Daily Market News by Xtreamforex

Discussion in 'Forex News' started by xtreamforex, Sep 14, 2016.

  1. xtreamforex

    xtreamforex Active Trader

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    EUR / USD

    The EUR declined 0.32% against the USD on Friday and closed at 1.1157.

    The Euro was under pressure early in the prior week as sentiment surged towards the USD following some comments from the Fed’s Janet Yellen which suggested that the requirements for a rate hike had almost been met. Subsequently, it is salient to take a quick look at what occurred last week and what is potentially on the horizon for the pair.

    The pair is expected to find support at 1.1172 and fall through could take it to the next support level 1.1169

    The pair is expected to find its first resistance at 1.1180 and arise through could take it to the next resistance level of 1.1185
     
  2. xtreamforex

    xtreamforex Active Trader

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    EUR/USD – Daily Market News By [URL deleted] XtreamForex
    The EUR declined 0.21% against the USD and closed at 1.1200. The currency pair is trading below its 20 Hr and 50 Hr moving averages.

    Germany’s producer price index unexpectedly dropped by 0.1% on a monthly basis in August, compared to market expectations for a flat reading and following a rise of 0.2% in the prior month.

    Macroeconomic data released in the US indicated that housing starts dropped more-than-expected by 5.8% on a monthly basis in August, to an annual rate of 1142.0K, dampening optimism over the health of the nation’s housing sector. Markets were anticipating housing starts to ease to a level of 1190.0K, compared to a revised level of 1212.0K in the previous month. Additionally, the nation’s building permits surprisingly fell by 0.4% MoM in August, to an annual rate of 1139.0K, compared to a revised reading of 1144.0K in the previous month.

    During Asian session the pair was trading at 1.1154, with the EUR trading marginally higher against the USD from yesterday’s close.

    The pair is expected to find support at 1.1128, and a fall through could take it to the next support level of 1.1101.

    The pair is expected to find its first resistance at 1.1197, and a rise through could take it to the next resistance level of 1.1239.

    All investors attention to the outcome of the Federal Reserve’s monetary policy meeting, scheduled to be held later today.
     
    Last edited by a moderator: Sep 23, 2016
  3. xtreamforex

    xtreamforex Active Trader

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    GBP/USD – Daily Market News
    The GBP rose 0.35% against the USD and closed at 1.3077, the currency pair is trading between its 20 Hr and 50 Hr moving averages.

    After the Bank of England (BoE) policymaker, Kristen Forbes, stated that there is no need for a further cut in interest rates to boost UK’s economic growth, following Britain’s vote to leave the European Union and also acknowledged that latest economic data suggests that economy would grow faster than the central bank had forecasted last month.

    Separately, the BoE’s Financial Policy Committee warned that the outlook for Britain’s financial stability remains challenging, citing concerns derived from the historic Brexit vote as well as volatility in global financial markets.

    In other economic news, data indicated that UK’s CBI industrial trends total orders remained steady at a level of -5.0 in August, in line with market expectations.

    In the Asian session, at GMT0300, the pair is trading at 1.3049, with the GBP trading 0.21% lower against the USD from yesterday’s close.

    The pair is expected to find support at 1.3015, and a fall through could take it to the next support level of 1.2980.
    The pair is expected to find its first resistance at 1.3102, and a rise through could take it to the next resistance level of 1.3154.

    Amid a lack of macroeconomic releases in UK today, investors look forward to the release of UK’s final GDP for 2Q 2016, Nationwide house prices, mortgage approvals, GfK consumer confidence survey data, all due next week.
    [​IMG]
     
  4. xtreamforex

    xtreamforex Active Trader

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    XtreamForex Daily Technical News Headlines
    EUR/USD
    The EUR declined -0.09% against the USD today during Asian session. EUR/USD market was closed at 1.1240 on Friday.

    GBP/USD
    Today GBP declined -0.32% against the USD during Asian session and market was closed at 1.2978 on Friday.

    USD/CHF
    Today CHF rise +0.09% against the USD during Asian session and the pair was closed at 0.9715 on Friday.

    Read More In details on our xtreamforex website.
     
  5. xtreamforex

    xtreamforex Active Trader

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    [URL deleted]
    EUR/USD

    Technical Overview:
    Prev. Close 1.1211
    Open 1.1211
    Day’s Range 1.1205 - 1.1216
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 0.04%

    Support and Resistance:
    Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1207 below which 1.1203 and 1.1199 could be tested. On the other side the immediate resistance 1.1215 and may go for further test 1.1219. A break beyond the last, doors will open for a test of 1.1223.

    Technical Indication: Strong Sell


    GBP/USD

    Technical Overview:
    Prev. Close 1.2836
    Open 1.2836
    Day’s Range 1.2829 - 1.286
    52 wk Range 1.2796 - 1.5513
    1-Year Return - 15.4%

    Support and Resistance:
    Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is placed at 1.2831 below which 1.2819 and 1.2806 could be tested. On the other side the immediate resistance 1.2855. A break beyond the last, doors will open for a test of 1.2867 and from there to 1.2880.

    Technical Indication: Strong Sell
     
    Last edited by a moderator: Oct 4, 2016
  6. xtreamforex

    xtreamforex Active Trader

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    EUR/USD

    Technical Overview:
    Prev. Close 1.1205
    Open 1.1205
    Day’s Range 1.1200 - 1.1213
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 0.62%
    Support and Resistance:
    Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1200 below which 1.1196 and 1.1191 could be tested. On the other side the immediate resistance 1.1210 and may go for further test 1.1214. A break beyond the last, doors will open for a test of 1.1219
    Upcoming Economic News:
    1. EUR - German Factory Orders m/m
    2. EUR - ECB Monetary Policy Meeting Accounts
    3. USD - Unemployment Claims
     
  7. xtreamforex

    xtreamforex Active Trader

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    EUR/USD

    Technical Overview:

    Prev. Close 1.1054
    Open 1.1054
    Day’s Range 1.1042 - 1.1068
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 2.75%

    Support and Resistance:

    Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1050 below which 1.1041 and 1.1033 could be tested. On the other side the immediate resistance 1.1066. If market breaks the immediate resistance then door will open for a test of 1.1075 and from there to 1.1083.

    Market Trending: Down


    GBP/USD

    Technical Overview:

    Prev. Close 1.2124
    Open 1.2124
    Day’s Range 1.2106 - 1.2319
    52 wk Range 1.1450 - 1.5513
    1-Year Return -20.09

    Support and Resistance:

    Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is at 1.2096 below which 1.2070 and 1.2043 could be tested. On the other side the immediate resistance 1.2150. If market breaks the immediate resistance then door will open for a test of 1.2176 and from there to 1.2203.

    Market Trending: Down

    [URL deleted] to Read More​
     
    Last edited by a moderator: Oct 13, 2016
  8. xtreamforex

    xtreamforex Active Trader

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    EUR/USD

    Technical Overview:
    Prev. Close 1.0889
    Open 1.0889
    Day’s Range 1.0875 - 1.0892
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 1.62%
    Support and Resistance:
    Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.0883 below which 1.0877 and 1.0872 could be tested. On the other side the immediate resistance 1.0893 and may go for further test 1.0899. A break beyond the last, doors will open for a test of 1.0904
    Upcoming Economic News:
    1. EUR - GfK German Consumer Climate
    2. EUR - German Import Prices m/m
    3. EUR - Italian Retail Sales m/m
    GBP/USD
    Technical Overview:
    Prev. Close 1.2190
    Open 1.2190
    Day’s Range 1.2159 - 1.2191
    52 wk Range 1.1450 - 1.5498
    1-Year Return - 20.74%
    Support and Resistance:
    Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is placed at 1.2173 below which 1.2158 and 1.2143 could be tested. On the other side the immediate resistance 1.2203. A break beyond the last, doors will open for a test of 1.2218 and from there to 1.2233.
    Upcoming Economic News:
    1. GBP - BBA Mortgage Approvals
    USD/JPY
    Technical Overview:
    Prev. Close 104.23
    Open 104.23
    Day’s Range 104.03 - 104.38
    52 wk Range 99.08 - 123.69
    1-Year Return -13.98%
    Support and Resistance:
    Daily Camarilla Technical analysis shows USD/JPY pair may finds the immediate support at 104.16 below which 104.09 and 104.01 could be tested. On the other side the immediate resistance 104.30. A break beyond the last, doors will open for a test of 104.37 and from there to 104.45
    Upcoming Economic News:
    1. USD - Crude Oil Inventories
    2. USD - New Home Sales
    3. USD - Flash Services PMI
    4. USD - Prelim Wholesale Inventories m/m
    5. USD - Goods Trade Balance
    USD/CAD
    Technical Overview:
    Prev. Close 1.3351
    Open 1.3351
    Day’s Range 1.3333 - 1.3359
    52 wk Range 1.2458 - 1.4692
    1-Year Return 1.51%

    Support and Resistance:
    Daily Camarilla Technical analysis shows USD/CAD pair may finds the immediate support at 1.3276 below which 1.3266 and 1.3255 could be tested. On the other side the immediate resistance 1.3298. A break beyond the last, doors will open for a test of 1.3308 and from there to 1.3319.
     
  9. xtreamforex

    xtreamforex Active Trader

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    EUR/USD
    Technical Analysis Overview:
    Prev. Close 1.0986
    Open 1.0991
    Day’s Range 1.0961 - 1.0991
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 0.32%

    Support and Resistance:
    Daily Camarilla Forex Technical analysis shows that, the EUR/USD pair may find the immediate support at 1.0982 below which 1.0980 and 1.0979 could be tested. On the other side the immediate resistance 1.0984 and may go for further test 1.0986. A break beyond the last, doors will open for a test of 1.0987

    Upcoming Economic News:
    1. EUR - German Retail Sales m/m at 10.00 AM
    2. EUR - CPI Flash Estimate y/y at 01.00 PM
    3. EUR - Core CPI Flash Estimate y/y at 01.00 PM
    4. EUR - Prelim Flash GDP q/q at 01.00 PM
    5. EUR - Italian Prelim CPI m/m at 01.00 PM


    GBP/USD
    Technical Overview:
    Prev. Close 1.2192
    Open 1.2187
    Day’s Range 1.2176 - 1.2215
    52 wk Range 1.1450 - 1.5498
    1-Year Return - 21.01%

    Support and Resistance:
    Daily Camarilla Forex Technical analysis shows that GBP/USD pair may find the immediate support at 1.2204 below which 1.2200 and 1.2197 could be tested. On the other side the immediate resistance 1.2210. A break beyond the last, doors will open for a test of 1.2214 and from there to 1.2217.

    Upcoming Economic News:
    1. GBP - Net Lending to Individuals m/m at 12.30 PM
    2. GBP - M4 Money Supply m/m at 12.30 PM
    3. GBP - Mortgage Approvals at 12.30 PM
    [​IMG]
     
  10. xtreamforex

    xtreamforex Active Trader

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    Find More on XtreamForex
    USD/JPY
    Technical Overview:
    Prev. Close 104.14
    Open 104.14
    Day’s Range 103.67 - 104.17
    52 wk Range 99.08 - 123.69
    1-Year Return - 13.81%

    Support and Resistance:
    Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 103.69 below which 103.67 and 103.65 could be tested. On the other side the immediate resistance 103.73. A break beyond the last, doors will open for a test of 103.75 and from there to 103.77.
    Upcoming Important Economic News:
    1. USD - ADP Non-Farm Employment Change at 03.15 PM
    2. USD - Crude Oil Inventories at 05.30 PM
    3. USD - FOMC Statement at 09.00 PM
    4. USD - Federal Funds Rate at 09.00 PM


    USD/CAD
    Technical Overview:
    Prev. Close 1.3390
    Open 1.3390
    Day’s Range 1.3384 - 1.3402
    52 wk Range 1.2458 - 1.4692
    1-Year Return +2.24%

    Support and Resistance:
    Daily Camarilla Forex Technical analysis shows USD/CAD pair may find the immediate support at 1.3383 below which 1.3376 and 1.3369 could be tested. On the other side the immediate resistance 1.3397. A break beyond the last, doors will open for a test of 1 1.3404 and from there to 1.3411.
    Upcoming Economic News:
    1. CAD - Gov Council Member Wilkins Speaks at 08.30 PM
     
  11. xtreamforex

    xtreamforex Active Trader

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    EUR USD Forecast for the Week 7th November to 11th November,2016
    EUR/USD recovered at the beginning of November. EUR/USD had a highly productive time last week as it climbed to its highs over the last 3 weeks. It was largely helped by the weakness in the USD across the board as global risks continued to dominate the headlines. Euro-zone inflation remains subdued. Despite a rise in the headline CPI, core inflation did not budge, causing a headache for the ECB. GDP growth was OK as 0.3%, but also failed to excite. In the US, the FED and the NFP had their word ahead of the elections. Clinton remains in the lead, albeit a narrower one, due to the FBI Effect. The US Non-Farm Payrolls were quite upbeat, with the biggest gain in wages since 2009, but markets focus on the elections.
    [​IMG]
    EUR USD Technical Forecast:
    Previous week close 1.1138
    Current Week Open: 1.1061
    Today’s Market Range: 1.1055 - 1.1141
    52 wk Range: 1.0538 - 1.1616

    Support and Resistance Forecast:
    S 1: 1.1119
    S 2: 1.1099
    S 3: 1.1080

    R 1: 1.1157
    R 2: 1.1177
    R 3: 1.1196
    [URL deleted]
     
    Last edited by a moderator: Nov 8, 2016
  12. xtreamforex

    xtreamforex Active Trader

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    EUR/USD Forecast for January 5, 2017 By XtreamForex


    EUR/USD Technical Overview

    Yesterday Close 1.0488
    Today Open 1.0488
    Day’s Range 1.0481 - 1.0541
    52 wk Range 1.0339 - 1.1616
    1-Year Return - 1.94%


    EUR/USD Technical Support and Resistance

    Our Possible trading range for today 1.0481 - 1.0541


    EUR/USD forecast: EURUSD pair possibly will find its immediate support at 1.0415. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0389 and 1.0345.


    On the other side, we found immediate resistance at 1.0503 from our EURUSD technical analysis. If, market breaks the primary resistance level then, for sure market will go for the new resistance level 1.0529 and 1.0573.


    EUR/USD Fundamental Analysis

    The Eurozone final PMI readings better than expected, with the services number revised up to 53.7 from 53.1, which after the manufacturing reading was confirmed at a strong 54.9 on Monday, brought the composite to 54.4, up from 53.9 in November as well as in the preliminary reading. So, 2016 ended on a high for the Eurozone economy, with the composite reading at the highest level since 2011.

    Along with eur/usd technical analysis forecast, keep eye on the following economical events.

    Upcoming Economic News : (GMT +2)

    1. 11:10am EUR Retail PMI
    2. 12:00pm EUR PPI m/m
    3. Tentative EUR French 10-y Bond Auction
    4. 2:30pm EUR ECB Monetary Policy Meeting Accounts
    5. 3:15pm USD ADP Non-Farm Employment Change
    6. 3:30pm USD Unemployment Claims
    7. 4:45pm USD Final Services PMI
    8. 5:00pm USD ISM Non-Manufacturing PMI
    9. 5:30pm USD Natural Gas Storage
    [GF1]SV: 14800

    KRD: 13%
     
  13. xtreamforex

    xtreamforex Active Trader

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    Re Load Your Trading Power with 50% Re-Deposit Bonus
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    [URL deleted]
     
    Last edited by a moderator: Jan 12, 2017
  14. xtreamforex

    xtreamforex Active Trader

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    EURUSD Forecast | Daily Technical Analysis for January 13, 2017


    EURUSD pair possibly will find its immediate support at 1.0578. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0551 and 1.0506.


    [URL deleted]


    #forex #xtreamforex #forexforecast #forextrading #forexsignal
     
    Last edited by a moderator: Jan 15, 2017
  15. xtreamforex

    xtreamforex Active Trader

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    EUR USD Forecast for January 19, 2017
    EUR USD Technical Overview
    Yesterday Closed 1.0630
    Today Open 1.0630
    Day’s Range 1.0622 – 1.0642
    52 wk Range 1.0339 – 1.1616
    1-Year Return – 2.6%

    EUR USD Technical Support and Resistance
    EUR USD Forecast: EUR USD pair possibly will find the immediate support at 1.0622. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0600 and 1.0565.
    On the other side, the market has immediate resistance 1.0692. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0714 and 1.0749.
     
  16. xtreamforex

    xtreamforex Active Trader

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    USD/CAD Forecast | Daily Technical Forecast for January 20, 2017

    USD/CAD Technical Support and Resistance

    USD/CAD pair possibly will find the immediate support at 1.3268. If, market breaks the first support then it will go for the following support to test.
    Followingsupports are 1.3244 and 1.3204.
    On the other side the market has immediate resistance 1.3348. If, market breaks the primary resistance level then, market will go for the new resistance level 1.3372
    and 1.3412.Looking ahead to today, we have the retail sales and CPI data from Canada that will be released towards the NY session and any sort of weakness in any of these data should confirm the weakness in the Canadian economy that the BOC seems to fear and we could then see the pair pushing above 1.3400 and towards 1.3500.

    Read more: https://www.xtreamforex.com/Education/usdcad-forecast-for-january-20-2017/

    #forex #xtreamforex #forexforecast #forextrading #support_resistance #xtreamforex
     
  17. xtreamforex

    xtreamforex Active Trader

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    GBP/USD Forecast | Daily Technical Forecast for January 20, 2017

    GBP/USD Technical Support and Resistance


    GBP/USD pair possibly will find the immediate support at 1.2276. If, market breaks the first support then it will go for the following support to test.
    Following supports are 1.2255 and 1.2958
    On the other side the market has immediate resistance 1.2348. If, market breaks the primary resistance level then,
    market will go for the new resistance level 1.2369 and 1.2405.Looking ahead to today,
    we have the retail sales data from the UK which will be released during the London session and we believe that the data would continue the trend of strong data coming out of the UK in recent months. If this does happen, we could see the pair challenging 1.2400 again.

    Read more: https://www.xtreamforex.com/Education/gbpusd-forecast-for-january-20-2017/

    #forex #xtreamforex #forexforecast #forextrading #support_resistance #xtreamforex
     
  18. xtreamforex

    xtreamforex Active Trader

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    EUR/USD Forecast | Daily Technical Forecast for January 20, 2017

    EUR/USD Technical Support and Resistance


    EUR/USD pair possibly will find the immediate support at 1.0609. If, market breaks the first support then it will go for the following support to test.
    Following supports are 1.0587 and 1.0553.
    On the other side the market has immediate resistance 1.0677. If, market breaks the primary resistance level then,
    market will go for the new resistance level 1.0699 and 1.0733.
    Looking ahead to today, we do not have any major news from the eurozone or the US region and as said above,
    we can expect some more consolidation at the highs in this pair for today.

    Read more: https://www.xtreamforex.com/Education/eurusd-forecast-for-january-20-2017/

    #forex #xtreamforex #forexforecast #forextrading #support_resistance #xtreamforex
     
  19. xtreamforex

    xtreamforex Active Trader

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    EUR/USD Technical Analysis for January 24, 2017

    Possible trading range for today 1.0745 - 1.0772

    The EURUSD pair continues to trade strongly as the dollar weakness continues across the board. When the new year began, everyone expected the dollar strength to return.

    EUR/USD pair possibly will find its immediate support at 1.0705. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0684 and 1.0649.

    On the other side, we found immediate resistance at 1.0775 from our EUR/USD technical analysis. If, market breaks the primary resistance level then, for sure market will go for the new resistance level 1.0796 and 1.0831.

    #economic #forex #Economicdata #daytrading #xtreamforex
     
  20. xtreamforex

    xtreamforex Active Trader

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    GBPUSD Forecast | Daily Technical Analysis for January 25, 2017

    GBPUSD Technical Forecast Overview

    Yesterday Closed 1.2521

    Today Open 1.2521

    Day’s Range 1.2513 - 1.2542

    52 wk Range 1.1450 - 1.5020

    1-Year Return - 12.04%

    GBPUSD Technical Support and Resistance
    Possible trading range for today 1.2513 - 1.2542

    GBPUSD pair possibly will find the immediate support at 1.2442. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2363 and 1.2311.

    On the other side the market has immediate resistance at 1.2573. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2625 and 1.2704.

    GBPUSD Fundamental Analysis
    We had mentioned the same thing in our forecast yesterday where we had said that the ruling was expected to uphold the earlier decision which made the Parliament approval mandatory. We had also mentioned that though this would be good for the pound overall, there was a likelihood of a buy the rumor, sell the fact kind of move and this is what we saw yesterday as well as the pair crashed through 1.2500 and went as low as 1.2420 following the ruling but then it spent the rest of the day recovering. As of this morning, it has managed to recover its entire loss and sits below 1.2550 and we believe that this move in the pound has the legs to carry it as far as 1.27 or 1.28. This ruling is positive for the pound in the short term but its long term effects and the subsequent delays could place a lot of pressure on the pound in the medium term.

    We do not have any major news from the UK but we have the oil inventory data from the US later on in the day which has the capacity to bring in risk into the markets. We believe that the GBPUSD pair will consolidate through the day with a bullish bias.



    EURUSD Forecast | Daily Technical Analysis for January 25, 2017

    EURUSD Technical Overview
    Yesterday Close 1.0731

    Today Open 1.0731

    Day’s Range 1.0722 - 1.0738

    52 wk Range 1.0339 - 1.1616

    1-Year Change - 1.09%

    EURUSD Technical Support and Resistance
    Our Possible trading range for today 1.0722 - 1.0738

    EURUSD pair possibly will find its immediate support at 1.0707. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0683 and 1.0649.

    On the other side, we found immediate resistance at 1.0765 from our EURUSD technical analysis. If, market breaks the primary resistance level then, for sure market will go for the new resistance level 1.0799 and 1.0823.

    EURUSD Fundamental Analysis
    We had mentioned in our forecast yesterday that the EURUSD pair was at a crucial region of resistance which it would find hard to break through soon and that’s what we have been seeing over the past 24 hours as the pair consolidates just below that region, unable to find a way through. And with the twitter happy President of the USA also choosing to remain silent for a day, contrary to his character, the dollar also got a little breather and it managed to hold its own against all the currencies and this was another reason for the consolidation and ranging in the EURUSD pair.

    We have the German IFO business climate which is expected to continue to show up the strong German economy and we also have the oil inventory data from the US and any drop in that should be able to increase the oil prices and increase the risk around the markets.
     

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