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
Advertisements
Advertisements
Fort Financial Services - fundamental and technical analysis
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="Fort Financial Services, post: 86954, member: 31380"] [color=#00cc00][u][b]"Fort Financial Services"- fundamental and technical analysis[/b][/u][/color] [color=#0000cc][b]24.07.2015[/b][/color] [i][color=#ff6600][b]Fundamental analysis[/b][/color][/i] [i]The dollar index basket (USDX) had increased. The pair EUR/USD had decreased amid the oil market "bearish" trend. Nevertheless, the pair increased by the end of the day. On the contrary, the pair GBP/USD had grown amid the Bank of England moderately positive minutes where the GDP second and the third quarter growth estimates were increased. The US Energy Department reported the crude oil inventories increase which would contribute to the quotations and will have a negative impact on the British pound as the UK is an exporter of hydrocarbons to the European Union. It should also be noted that there is a negative trend throughout the commodity market that will support the US currency. The pair fell by the end of the trades. The day the pair USD/JPY had increased amid the June US secondary market housing sales positive release. The sales rose up by 3.2% in June compared to the previous month and it occurred despite the mortgage interest rates growth. American consumers feel confident enough, just willing to buy housing in spite of the credit growth. Then the pair consolidated. According to the US Labor Department the initial jobless claims number became less than 26 thousand having fallen to 255 thousand. It is the minimum since 1973.[/i] [color=#ff6600][i][b]Technical analysis[/b][/i][/color] [color=#00cc00][u][b]Euro (EUR)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] We should pay attention to the commodity and bond market dynamics amid the important macroeconomic statistics lack. The US Energy Department release pointed out to the crude oil reserves growth which puts pressure on the "black gold" quotations. Against this background we expect the Brent quotations decrease which will have a positive impact on the US currency as the oil price is denominated in dollars. The euro two-day growth against the US dollar was stopped at the resistance level of 1.0925. The level testing was amid the low volumes and was followed by the breakthrough upwards. The price is finding the first support at 1.0925, the next one is 1.0790. The price is finding the first resistance at 1.1050, the next one is at 1.1150. The price is in the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Golden Cross”. The MACD indicator is in a positive territory. The price is increasing. [color=#0000cc][b]Trading recommendations[/b][/color] The pair is going upwards. The bulls’ targets are the levels of 1.1050 and 1.1150. [img]http://savepic.su/5896931.jpg[/img] [color=#00cc00][u][b]Pound (GBP)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] The MPC last meeting minutes publication confirmed the fundamental mixed background. On the one hand, the wage growth is a positive factor for the medium-term inflation expectations. On the other hand, it was noted that the pound growth can negatively affect the British economy. The National Statistics Office published the UK retail sales report for June. The retail sales were 0.2% m / m + 4.0% y / y. Buyers were unable to reach the resistance level of 1.5670. the pair decreased and broke through the support level of 1.5550. The price is finding the first support at 1.5460, the next one is 1.5390. The price is finding the first resistance at 1.5550, the next one is 1.5670. The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement and form a “Dead Cross”. The MACD histogram is in a neutral territory. The price is decreasing. [color=#0000cc][b]Trading recommendations[/b][/color] The sellers need to break below 1.5460 for a steady decrease. The way to the mark 1.5390 will be opened after this breakthrough. [img]http://savepic.ru/7633856.jpg[/img] [color=#00cc00][u][b]Yen (JPY)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] Japan has published the June trade balance report. At its last monetary policy meeting the Bank of Japan pointed out to the weak economic growth in the second quarter as a whole and the exports decline in particular. The same trend confirms the Central Bank of Japan foreign exchange reserves reduction which has traditionally been strong in periods of the trade deficit increase. Having rebounded from the resistance level of 124.30, the price fell and is consolidating. The price is finding the first support at 123.50, the next one is at 122.40. The price is finding the first resistance at 124.30, the next one is at 125.50. There is a confirmed and a weak buy signal. The price is on the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows an upward movement and form a “Dead Cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a neutral territory. The price is consolidating. [color=#0000cc][b]Trading recommendations[/b][/color] After the support level of 123.50 breakthrough down the way to the support 122.40 will be opened. [img]http://savepic.su/5874403.jpg[/img] [color=#00cc00][u][b]Franc (CHF)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] The Swiss franc strengthened slightly against the US currency amid the dollar decline. The absence of important macroeconomic statistics has highlighted speculations on the interest rate differentials. The price is finding the first support at 0.9540, the next one is at 0.9370. The price is finding the first resistance at 0.9750, the next one is at 0.9850. There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead Cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a positive territory. The price is decreasing. [color=#0000cc][b]Trading recommendations[/b][/color] We recommend going short with the first target - 0.9540. When the price consolidates below the first target it may go to the level 0.9370. [img]http://savepic.ru/7619520.jpg[/img] [i][b]*Analytical review is presented by the leading analyst of the broker Fort Financial Services, [color=#0099cc]Alexander Kofman.[/color][/b][/i] [/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…