– Daily market analysis – News and analysis

Main trading ideas in the financial markets for 18.03.2019.

The main news creator of the previous week was the British pound. There was a strong increase in the cable against the main currencies in the Forex market. The British Parliament voted to discard a Brexit "without agreement" and requested to postpone the Brexit date beyond March 29.

That's why the weekly chart shows that last week produced a relatively large and strongly bullish candlestick, which reached a new high of 9 months, which is a bullish signal. It is assumed that this week will also be volatile because many British news is expected, including the decision on the interest rates of the Bank of England and the consumer price index. Therefore, we will be waiting at least 1.34 at the end of this week for the GBPUSD pair.

Price chart of GBPUSD - 03.13.2019

In addition to the Brexit vote, this week will likely be dominated by the launch of the FOMC and the contribution of the central bank of the Swiss National Bank and the Bank of England.

The EUR / USD rose close to 1.0% last week, recovering most of the losses suffered a week earlier. The key events of this week are the German economic sentiment ZEW and the German PMI and the eurozone. Investors will also be alert to the declaration of the Federal Reserve rate.
From a technical point of view, the EUR / USD showed a shooting star pattern and we believe that the market will probably fall back to the 1.1220 level before finding some buyers.

Price chart of the EURUSD - 03.13.2019

The Australian economy is showing signs of weakness, and analysts expect a rate cut of the RBA. If the RBA report indicated concern for political decision makers, the Australian could lose some points. In addition, the AUD / USD still shows a head and shoulders pattern on the 4-hour chart, which indicates a bearish outlook in the medium term. In that case, we are waiting for the AUDUSD pair on the 0.70 point

Price chart AUDUSD - 03.13.2019

From another point of view, in general, GDP data published by Statistics New Zealand can have a positive impact on ocean currencies. Then, experts have been waiting for a stronger release than the previous one.

Our objectives for:

GBPUSD – buying at 1.34
EURUSD – selling at 1.1220
AUDUSD – selling at 0.70 over a long term period


AUD / USD – News and Analysis

Whats Next? – USDJPY 21.03.18

The dollar traded down 0.05 percent against the Japanese yen at 106.47 at 0440 GMT on Wednesday, with the dollar's bending as the Fed's monetary event approached.

The US dollar index, which measures the dollar against the six major currencies, traded down 0.10 percent to 89.86 at the time of writing this article.

The Federal Reserve is expected to raise interest rates for the first time this year by 25 basis points, which would place the reference rate in a range between 1.50 and 1.75 percent.

According to CME Group's FedWatch program of federal funds, market participants are currently pricing in a 94 percent chance of a rate increase this week. It would be the first rise of 2018.

Analysts have pointed out that the rise in the Fed's interest rates has already been valued, which explains why a downward correction is likely once the official announcement is made.

However, the dollar could extend profits if Jerome Powell opts for more hawkish rhetoric. The US regulator forecast at least three rate movements for 2018.

No relevant data was released on Tuesday.

During the day, market participants will pay attention to the launch of existing housing sales for February at 14:00 GMT and the decision of the interest rate for March starting at 18:00 GMT. Investors will also carefully monitor a speech by Fed Chairman Jerome Powell.

#forex analysis


USD / CAD – News and Analysis

USD / CAD withdrawals produce deaths at mid-1.3200 amid rising oil prices

In the offers for the second consecutive session, throughout this period, the USD sales bias was renewed.
The bullish prices of oil underpin Loonie and the lineage until the current decline of the decline.

The USD / CAD extended last week's reversal slide of the three-week highs and was traded after a negative bias for the second consecutive session after the mention to Monday.

In the context of growing hopes that the subsidiary will evolve in the US-China trade talks, the US dollar was pressured by the fact that the president of the United States, Donald Trump, acknowledged a national emergency in which refers to talking about security and withdrew the count of the main sets of the year. on Friday

This rallied behind the upward control in oil prices, considering that WTI slapdash oil rose above $ 56.00 / barrel to reach a 3-month high, underpinning the Loonie currency similar to that of commodities. and late growth helped the pair recover. Beginning of a commercial week of innovation.

Now it would be tempting to see if the pair finds any cancellation at levels of degradation or it is smart to defend the 1.3200 figure in the midst of absent relevant market moving economic releases on the upside benefit of the US Presidents Day holiday. UU As a provincial vacation in Canada.

Technical levels to follow.

In a sustained revolution below the 1.3200 mangoes, it is likely that the pair will accelerate the fall towards the inspiration of the entire SMA important 200 hours of the day to preserve, the 1.3140 regions, en route to the round figure mark of 1.3100. On the other hand, the concise resistance is linked without ventilation to the 1.3255 regions, above which it is likely that the pair creates a broad attempt to claim the mark of the circular figure of 1.3300.

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USD / JPY – News and Analysis

The USD / JPY rises steadily to the highs of the session, optional ratio at a far distance in the middle of 110.00

Configuration of risk / commercial optimism between EE. UU And China continues to weigh more or less the safe harbor status of the JPY.
The prevailing sales bias in the USD seemed to have no aid factors that would limit any additional upside.

The USD / JPY extended its constant intraday rally through the leading European session and is currently at the centric point of its daily trading range, on the tab to region 110.60.

The growing optimism at the summit of a genuine reality of the trade disputes between the United States and China, especially after both sides reported the revenues in the trade talks last week, continued to weigh on the issue of the state of the coastline of the Japanese yen and helped the couple build in relation to Friday. Late rebound from level 110.25.

However, the increase did not have a solid follow-up and the pair remained limited below the Friday trade-off maximum in the company's predominant US Dollar bias. UU Following the statement of the President of the USA. UU Donald Trump from a national emergency not far away and from Asocie security that occurs on Friday.

Most investors seemed reluctant to bid before this week's important general pardon of the last minutes of the FOMC meetings and the absence of unbearable economic releases on Monday at the behest of the Presidents' Day holiday report in the US. . UU

Against the backdrop of a more moderate change by the Federal Reserve, the minutes of the FOMC meeting will look for open clues at the top of the central bank rate hike passage for the 2019 liquidation and may seem like the big Neighboring stage moving for The adjacent leg of the couple for a directional offensive.

Technical levels to follow.

Any subsequent concerns that may occur may continue to be observed by a boisterous source close to 111.00 handles, above which the pair is likely to aim to test 100 hours of SMA resistance in daylight near the 111.70 regions. On the other hand, the 110.35-25 region now becomes an unexpected defensive preserve, which, if abnormal, could twist the vulnerable pair to challenge key psychological scores of 110.00.

. market analysis report (GBP / USD, USD / JPY, USD / CHF, EUR / USD)

DATE: 03-27-2017