Forex News 24 |
- Indicator analysis. Daily review for June 7, 2019 for the GBP / USD currency pair
- Canadian Dollar, MXN May Gap After Trump Suspended Mexico Tariffs
- Canadian Dollar, MXN May Gap After Trump Suspended Mexico Tariffs
- A review of EUR / USD, GBP / USD pairs on 07.06.2019: Do not forget the classics
- Dow and Gold Build Pressure to Clear Important Highs as EURUSD Reverses
- Simplified wave analysis and forecast for EUR/USD, GBP/USD, and USD/JPY on June 7
- Fed can push the dollar down by reducing the interest rate
- Markets play positive: USD/CAD and USD/JPY pairs are moving in different directions
- EUR/USD: plan for the US session on June 7. Traders ignore weak data on the German economy, but in vain
- Dow Jones, FTSE 100, ASX 200 Fundamental Forecast
| Indicator analysis. Daily review for June 7, 2019 for the GBP / USD currency pair Posted: 09 Jun 2019 01:46 PM PDT Hits: 8 Trend analysis (Fig. 1). On Friday, we are waiting for the continuation of the upward movement with the first target of 1.2744 – the upper fractal. Much will depend on the news that comes out at 12.30 Universal time. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – down; – trend analysis – up; – Bollinger lines – down; – weekly schedule – up. General conclusion: On Friday, we are waiting for the continuation of the upward movement with the first target of 1.2744 – the upper fractal. Much will depend on the news that comes out at 12.30 Universal time. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Canadian Dollar, MXN May Gap After Trump Suspended Mexico Tariffs Posted: 09 Jun 2019 12:30 PM PDT Hits: 7 Asia Pacific Market Open Talking Points
Trade all the major global economic data live as it populates in the economic calendar and follow the live coverage for key events listed in the DailyFX Webinars. We'd love to have you along. MXN, CAD May Gap Higher as US Drops Mexican TariffsThe Mexican Peso and Canadian Dollar may gap and appreciate against their peers at the beginning of the new week. After market close on Friday, US President Donald Trump announced that the nation will "indefinitely suspend" tariffs scheduled for Mexico. Though significant follow-through could be lacking as this wouldn't be too surprising. Heading into Friday's close, Mr Trump said that there was a "good chance" that the US would make a deal with Mexico. Thus, the surprise effect has arguably lost some of its potency given that equities rallied into the week-end. For the Canadian Dollar, the cloud of uncertainty surrounding the passage of the USMCA, the replacement to NAFTA, is arguably lifted somewhat and thus should offer the currency a boost. For equities, the outlook is not quite as clear heading into Asia markets. While the removal of US-Mexico trade war fears is an upside potential, it also alleviates pressure the Fed is facing on the external front and may cool rate cut bets. Granted, there is still the threat of additional tariffs on China. It would not be too surprising to see North American confidence-inspiring market sentiment to perhaps alleviate declines seen in the US Dollar as of late. The anti-risk Japanese Yen may weaken ahead. USD Sinks on Jobs Report as CAD Rallies on Canadian Employment DataSpeaking of, the US Dollar rounded out its worst week since February 2018 on Friday, with the DXY plunging in the aftermath of a softer-than-expected local jobs report. In May, the US only added 75k positions compared to 175k expected as overall average hourly earnings fell short of estimates. Meanwhile, unemployment held steady at 3.6 percent as anticipated. The labor force participation rate also remained unchanged. On the flip side of the spectrum, the Canadian Dollar outperformed amidst a rosier employment report. In May, Canada added 27.7k jobs versus 5.0k anticipated. Meanwhile, the unemployment rate ticked lower from 5.7 percent to 5.4. However, the labor force participation rate declined from 65.9 percent to 65.7 unexpectedly. Still, local 2-year government bond yields rallied as BoC rate cut bets cooled. Canadian Dollar Technical AnalysisWith that in mind, gains in the Loonie could be challenged by those seen in the US Dollar ahead. This comes as USD/CAD sits in a key support range between 1.3251 and 1.3291 after clearing rising support from February. If this area is taken out, we could be looking at testing lows not seen since March as the near-term downtrend extends. USD/CAD Daily ChartChart Created in TradingView FX Trading Resources— Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter http://platform.twitter.com/widgets.js Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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| Canadian Dollar, MXN May Gap After Trump Suspended Mexico Tariffs Posted: 09 Jun 2019 12:04 PM PDT Hits: 2 Asia Pacific Market Open Talking Points
Trade all the major global economic data live as it populates in the economic calendar and follow the live coverage for key events listed in the DailyFX Webinars. We'd love to have you along. MXN, CAD May Gap Higher as US Drops Mexican TariffsThe Mexican Peso and Canadian Dollar may gap and appreciate against their peers at the beginning of the new week. After market close on Friday, US President Donald Trump announced that the nation will "indefinitely suspend" tariffs scheduled for Mexico. Though significant follow-through could be lacking as this wouldn't be too surprising. Heading into Friday's close, Mr Trump said that there was a "good chance" that the US would make a deal with Mexico. Thus, the surprise effect has arguably lost some of its potency given that equities rallied into the week-end. For the Canadian Dollar, the cloud of uncertainty surrounding the passage of the USMCA, the replacement to NAFTA, is arguably lifted somewhat and thus should offer the currency a boost. For equities, the outlook is not quite as clear heading into Asia markets. While the removal of US-Mexico trade war fears is an upside potential, it also alleviates pressure the Fed is facing on the external front and may cool rate cut bets. Granted, there is still the threat of additional tariffs on China. It would not be too surprising to see North American confidence-inspiring market sentiment to perhaps alleviate declines seen in the US Dollar as of late. The anti-risk Japanese Yen may weaken ahead. USD Sinks on Jobs Report as CAD Rallies on Canadian Employment DataSpeaking of, the US Dollar rounded out its worst week since February 2018 on Friday, with the DXY plunging in the aftermath of a softer-than-expected local jobs report. In May, the US only added 75k positions compared to 175k expected as overall average hourly earnings fell short of estimates. Meanwhile, unemployment held steady at 3.6 percent as anticipated. The labor force participation rate also remained unchanged. On the flip side of the spectrum, the Canadian Dollar outperformed amidst a rosier employment report. In May, Canada added 27.7k jobs versus 5.0k anticipated. Meanwhile, the unemployment rate ticked lower from 5.7 percent to 5.4. However, the labor force participation rate declined from 65.9 percent to 65.7 unexpectedly. Still, local 2-year government bond yields rallied as BoC rate cut bets cooled. Canadian Dollar Technical AnalysisWith that in mind, gains in the Loonie could be challenged by those seen in the US Dollar ahead. This comes as USD/CAD sits in a key support range between 1.3251 and 1.3291 after clearing rising support from February. If this area is taken out, we could be looking at testing lows not seen since March as the near-term downtrend extends. USD/CAD Daily Chart
Chart Created in TradingView FX Trading Resources— Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter
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| A review of EUR / USD, GBP / USD pairs on 07.06.2019: Do not forget the classics Posted: 09 Jun 2019 11:37 AM PDT Hits: 12 Alfred Hitchcock said that before the climax of the moment, which in no case can not show the main villain. After all, it will cease to be something incomprehensible and mysterious as soon as evil appears in appearance. But it was precisely this mistake that was made by all those who, from each iron, shouted that the European Central Bank would announce plans to lower interest rates and perhaps also to resume the program of quantitative easing. That is, they diligently painted the face of almost existential horror and when Mario Draghi came out to the public, everyone understood that the devil is not so terrible as he is painted. The head of the European Central Bank reiterated that interest rates would remain at current levels, at least until mid-2020. Although, this is already known to everyone for a long time when such plans were first announced. The only thing that could have alerted was the words of Mario Draghi that some of the members of the Board of the European Central Bank raised the question of the possibility of lowering interest rates, as well as the resumption of the quantitative easing program, but in the end, the decision to leave everything as it was made unanimously. The head of the European Central Bank merely noted that the regulator will proceed from the macroeconomic situation. Moreover, given that the forecast for economic growth and inflation has not changed much, it becomes clear that no changes are foreseen, at least for now. The final GDP data for the first quarter showed unchanged economic growth rates as if confirming the forecasts of the European Central Bank. Hence, these are the words of Mario Draghi that some of the members of the board of the European Central Bank raised the question of the possibility of lowering interest rates, as well as the resumption of the quantitative easing program. The dollar became cheaper not only because of the painstaking increase in panic but also because of its own macroeconomic statistics, which again proved to be extremely depressing. In particular, the total number of applications for unemployment benefits increased by 18 thousand, instead of reducing by 7 thousand. All of these happened solely because of the increase in the number of repeated applications, then the number of primary ones remained unchanged. Thus, this data has become a kind of addition to the ADP Employment Report, which is all on the eve of today’s publication of a report by the United States Department of Labor. Naturally, the report of the United States Department of Labor is the main event of the day and perhaps a week. Moreover, no more data is released today with the exception of inventories in the warehouses of wholesale trade, which should grow by another 0.7%. After all, these same stocks, the last time declined as much in October 2017, which does not allow to get rid of the thought of the approaching classic crisis of overproduction. However, the predictions on the content of the report of the Ministry of Labor look rather strange. Thus, the average working week should increase from 34.4 hours to 34.5 hours, and the growth rate of the average hourly wage may remain unchanged. The combination of these two factors can only cause optimism, especially since the unemployment rate should remain unchanged. Of course, outside agriculture, about 185 thousand new jobs were created as expected against 263 thousand in the previous month. Although we are talking about a decrease, the forecast value is still at an acceptable mark. Yet, such forecasts raise many questions, as well as the ADP report and data on applications for unemployment benefits, tell us about a completely different one. Moreover, it turns out to be extremely strange, as with a decrease in the rate of creation of new jobs. The unemployment rate may remain unchanged since the share of labor in the total population should increase from 62.8% to 62.9%. Therefore, there is every reason to believe that the content of the report will turn out to be somewhat worse than expected but such forecasts raise many questions. The ADP report and data on applications for unemployment benefits also tell us about a completely different one. If the forecasts on the report of the Ministry of Labor are confirmed then the dollar will receive little support, the single European currency will be forced to decline to 1.1225. But if all these forecasts turn out to be nothing, then it is worth waiting for the growth of the single European currency to 1.1300 with an attempt to pass even higher. The pound will be forced to repeat the actions of its continental neighbor and if the forecasts on the content of the report of the United States Department of Labor coincide, it will have to decline to 1.2650. Otherwise, it is worth waiting for the growth of the pound to 1.2750. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Dow and Gold Build Pressure to Clear Important Highs as EURUSD Reverses Posted: 09 Jun 2019 09:27 AM PDT Hits: 9 Weekly Technical Forecast: Dow and Gold Build Pressure to Clear Important Highs as EURUSD ReversesGold Prices Restore Full Blown Bull Trend or Mark a Top After 8 Day Rally? Gold has closed out an 8-day advance through Friday to secure the best week's rally in three years. Now the real technical decision as the market faces a key resistance to a big-picture bull trend that stretches back to 2013. S&P 500, DAX Technical Forecast S&P 500 begins the month on the front foot as the index challenges 2900, while DAX remains curbed by the trendline resistance from the 2019 peak. Crude Oil Price May Climb in the Week Ahead Crude oil turned downside momentum around last week, setting it up for more strength in the week ahead; how much power it has, though, is questionable. US Dollar Weekly Technical Forecast: Rising Wedge as USD Breaks Down It was a brutal week in the US Dollar with the bullish trend of the past eight months coming into question. But can sellers continue to push to evoke a deeper drawdown? Euro Weekly Price Outlook: EUR/USD Breakout Underway– Levels to Know The Euro breakout has fueled a rally of more-than 1.5% this week and keeps the focus higher into June. These are the levels that matter on the EUR/USD weekly chart. Pound Sterling Week Ahead: GBPUSD, GBPAUD Chart Reversals Brewing? Is the British Pound readying to reverse against the US Dollar? Or will GBPUSD struggle clearing near-term resistance? GBPAUD is also attempting a turnaround as EURGBP climbs. Australian Dollar Recovery May Have Run Out of Steam The Australian Dollar mounted a spirited recovery over the past two weeks but the dominant downtrend against its US counterpart may be ready to resume. Can you get gilded from fx trading? The response is if you go from river forex, and sluttish forex, use algorithms in fxtrading, what is distribution in forex 1 greenback river, netdania forex, verify brimful welfare of the forex system indicators, and inaction the direction fx strategy. We instrument follow win all.
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| Simplified wave analysis and forecast for EUR/USD, GBP/USD, and USD/JPY on June 7 Posted: 09 Jun 2019 09:23 AM PDT Hits: 13 EUR/USD On the euro chart from May 23, a wave structure with a high wave potential is formed upwards. Previously, the wave will take the place of correction of the last section of the scale of TF W1, which started at the beginning of the year. Since June 2, a complex correctional model “expanding triangle” has been developing in the structure of the bullish area. Forecast: Today, the end the flat bearish movement of the euro is expected. By the end of the day, volatility is likely to increase and change the course of the price movement. Before the turn, a short-term puncture of the lower support boundary is not excluded. The change in the trend of the euro may coincide with the time of the release of the news block from the United States. Recommendations: Sales of the pair today at the next session are possible, but the lot should be minimally reduced, due to possible sharp counter-rollbacks. In the area of the support zone, it is recommended to look for signals to buy the instrument. Resistance zone: – 1.1300/1.1330 Support zone: – 1.1220/1.1190 GBP/USD In the framework of the dominant downward trend since May 3, an upward correction has been developing on the chart of the British pound since the end of last month. Analysis of its structure shows the incompleteness of the wave. Since June 5, the price is in the “sideways”. Forecast: Today, we expect the continuation of the current in the last days to the flat attitude. In the morning, the vector of price fluctuations is more likely. Return to the upward rate is expected at the end of the day or early next week. Recommendations: Within the framework of the formed price band at the next session, sales of the pair are possible. But purchases of a pair look more promising, entry into which is recommended to be monitored in the area of the calculated support zone. Resistance zone: – 1.2740/1.2770 Support zone: – 1.2670/1.2630 USD/JPY The bullish section of the chart of the major yen pair from June 3 forms a correction to the previous trend segment from May 21. The wave structure is close to completion, forming the final part (C). Forecast: At the closest trading sessions, the price rise, which continues in recent days, is expected to complete. The most likely part of the turn is the resistance zone. When changing course, it is impossible to exclude a short-term break of its upper limit. Recommendations: Purchases have little potential, so they can be used only within the next session at the smallest TF. When the price reaches the resistance zone, it is recommended to start tracking the reversal signals of your vehicle to find the point of sale of the pair. Resistance zone: – 108.70/109.00 – 108.00/107.70 Support zone: – 111.70/111.40 Explanations to the figures: Waves in the simplified wave analysis consist of 3 parts (A-B-C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements. Note: The wave algorithm does not take into account the duration of tool movements over time. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Fed can push the dollar down by reducing the interest rate Posted: 09 Jun 2019 07:15 AM PDT Hits: 6 This week, the US Democratic Senator from Massachusetts Elizabeth Warren proposed to the Fed more active management of the value of the dollar to support exports and domestic production. US President Donald Trump would certainly approve such steps. However, there are two problems associated with this. First, it is a policy that involves currency manipulation and is not endorsed by the United States for allegedly being pursued by other countries. Second, and more importantly, the Federal Reserve is tasked with controlling inflation, not the value of the national currency. It is obvious that with its main instrument – the interest rate – the regulator will at best be able to achieve only one of these goals. It is assumed that if the Fed reduces the interest rate this year, as many investors expect, it will push the dollar down, which will help to stimulate the country’s economy, making exports more competitive and imports more expensive. However, for the Central Bank, the rationale for reducing the rate has nothing to do with the USD rate. Most likely, an assessment of whether the rate cut makes sense will require the fed to answer the question of whether it will be possible to stimulate production and employment in the country without the risk of inflation. Judging by the latest statements of senior representatives of the Fed, the regulator is not yet ready to reduce the interest rate, but the escalation of trade tensions in the world pushes it in this direction. Recall, the last time the Fed decided to reduce the rate more than 10 years ago – in December 2008. A regular meeting of the American Central Bank will be held on June 19, at which it will have to carefully build communication, dealing with the aggressive position of the market on where the interest rate will go next. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Markets play positive: USD/CAD and USD/JPY pairs are moving in different directions Posted: 09 Jun 2019 05:04 AM PDT Hits: 9 On Friday morning, markets continue to trade in the green zone, playing a positive from several directions at once. The ECB spoke more optimistically than predicted. Mario Draghi expressed confidence in raising inflation to the target level and not giving any hints about the possibility of a new phase of quantitative easing. Mexico is ready to give in to US pressure, which led to the possibility of a pause in the maintenance of new tariffs. Meanwhile, Trump will make a decision on China only after the G20 summit, where direct negotiations with PRC head X will be held. The US trade deficit fell slightly in April. However, the dynamics continue to be negative as the balance is kept from falling only by reducing oil and oil products to almost zero in the overall import structure. Minus this figure, the overall balance is confidently moving in the direction of about one trillion dollars per year and no emergency measures by the Trump administration to increase the revenue side by increasing incoming tariffs have no effect. The incoming data on the labor market indicate that it is not necessary to expect positive figures in the May report today. Meanwhile, the number of new and repeated applications for unemployment is not decreasing and the ADP report turned out to be a failure. As for the final data on the cost of labor in Q1, it turned out to be worse than the preliminary ones. Everything points to the fact that the state of the labor market at least does not improve and any negative will add points to the piggy bank of bears waiting for two cuts in the current year due to the rapid cooling of the US economy. USD/CAD pair The situation in the manufacturing sector in Canada continues to deteriorate. The PMI Markit index in May fell from 49.7p. to 49.1p, reaching the lowest value in the last 3.5 years. Production is declining against the background of the sharpest drop in new orders since December 2015. The growth in prices for raw materials has slowed to the lowest level in the last 4 years. Markit attributes the fall in the index to the deterioration in world trade since the decline in oil prices in the reports has not yet been reflected, which in turn, suggests that the result of June may turn out to be even worse. The Canadian industry is experiencing the negative impact of the new tariffs, which were pushed through by the United States as part of the “renewal” of relations with Canada and Mexico in return for the NAFTA agreement. New tariffs have increased the costs of manufacturers, which ultimately affects the deterioration of the output conditions for buyers and reduced new orders. The latest data indicate a deterioration in the business environment in all the regions where the survey was conducted. Meanwhile, the Ivey index, which tracks activity in all sectors of the economy, remained at the same level of 55.9p in May. This indicates growth in other sectors of the economy, primarily in the services sector. The Bank of Canada will hold its monetary policy meeting only in a month. They did not announce the possibility of reducing the rate from the current 1.75%, thus, there is no direct threat to the loony from this side. Rather, we need to monitor the dynamics of oil prices and the state of the labor market. Today, the May report will be published simultaneously with the US report. The forecast is neutral but a slight increase in the number of employees is expected. Hence, the response of the Loonie will depend entirely on US data. The USD/CAD pair is in a downtrend and the likely increase to 1.3380/85 can be used for sales with the target of 1.3280/90. USD/JPY pair The Japanese yen has expectedly strengthened since the end of April, as the growth of panic attitudes caused by the complications in the US-China trade negotiations led to an increase in demand for defensive assets. Macroeconomic data is generally not in favor of the yen as the household spending in April fell to 1.3% y/y and the average wages fell by 0.1%. Both indicators indicate that chronic problems with inflation are far from being resolved. At the same time, the decline in oil prices will strengthen the position of the yen and support the falling Nikkei and the weakening this week is likely to be short-lived. The USD/JPY growth is limited by the channel border at 108.90/109.05. Probably, the resumption of decline with a view to 107.00 / 20 since there are still no objective reasons for the decline in demand for protective assets. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Posted: 09 Jun 2019 03:00 AM PDT Hits: 2 To open long positions on EURUSD, you need: Today, reports were published that showed a slowdown in the German economy, but buyers of the euro are not particularly confused. Bulls still need to get to the resistance level of 1.1273, which will lead EUR/USD to the highs of 1.1304 and 1.1336, where I recommend fixing the profit. However, the whole emphasis will be shifted to the report on the US labor market, which can further strengthen the position of the European currency to the highs of 1.1358 and 1.1388. In the scenario of the euro decline in the afternoon, it is best to return to the long positions in the euro on the rebound from the low of 1.1200. To open short positions on EURUSD, you need: Sellers ignored the weak statistics on Germany and are still standing on the sidelines, waiting for data on the US labor market. An unsuccessful breakout and a return to the level of 1.1273 will be the first signal to open short positions in the euro, the purpose of which will be the support of 1.1241 and 1.1200, where I recommend taking the profits. However, good data will strengthen the bearish sentiment in the euro, which will lead to an update of the low of 1.1163. In the scenario of further growth of EUR/USD above 1.1273, you can look at the short positions on the rebound from the resistance of 1.1336, as surely the level of 1.1304 will be broken from the third time. Indicator signals: Moving Averages Trading is conducted in the area of 30 and 50 moving averages, which indicates the uncertainty of the market before important data. Bollinger Bands Volatility plummeted before an important report. Description of indicators
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| Dow Jones, FTSE 100, ASX 200 Fundamental Forecast Posted: 09 Jun 2019 02:19 AM PDT Hits: 16 Dow Jones, FTSE 100, ASX 200 Fundamental Forecast:
Dow Jones, FTSE 100, ASX 200Fundamental ForecastGlobal equities staged a considerable relief effort last week as a dovish Fed helped to buoy the decade-long bull run for US indices. Still, the DAX 30, FTSE 100 and ASX 200 all enjoyed their own rallies – recapturing key technical levels. The economic calendar for the week ahead is nearly devoid of high importance events, thus the themes we have been negotiating for months – trade wars and global growth concerns – will likely dominate the headlines. Dow Jones Fundamental Forecast: NeutralThe Dow Jones will eagerly await a resolution to the US-Mexico tariff threat, which may quickly draw to a close. On Friday, President Trump said it was likely the two countries come to an agreement to avoid tariffs before the Monday deadline. The removal of a threat to one of the country's largest trading partners and neighbors would inject optimism and relative calm into US stocks. Dow Jones Price Chart: 4 – Hour Time Frame (February – June) (Chart 1)
Apart from trade wars, the Industrial Average and the S&P 500 alike will look to Friday's release of US advance retail sales data. Retail sales have been slipping as of late and a litany of corporations have cut forecasts. Inflationary pressures brought about by the ongoing US-China trade war are likely to manifest in this sector – and could weigh on total sales and margins. FTSE 100 Fundamental Forecast: BullishThe FTSE 100 is due for a slew of data – but few of them are likely to significantly influence the Index's price. That said, the Index will look to ongoing political positioning as members of parliament determine who is next to take up the position of Prime Minister. FTSE 100 Price Chart: 4 – Hour Time Frame (February – June) (Chart 2)
ASX 200 Fundamental Forecast: NeutralThe Australian ASX 200 is due for unemployment data on Thursday, a week after the Australian central bank sliced its interest rate to the lowest ever at 1.25%. Unlike the Dow Jones and S&P 500, the ASX 200 is unlikely to react positively to poor data – with very low chances of another near-term cut from the RBA. ASX 200 Price Chart: 4 – Hour Time Frame (February – June) (Chart 3)
View our Economic Calendar for upcoming data and events that may shake up the trading landscape. Finally, one event may exercise influence across global equity markets. Top finance ministers from across the G20 group are scheduled to meet in Osaka Japan this weekend and trade talks, monetary policy and global growth will undoubtedly be on the docket. This meeting presents an opportunity for trade representatives to lay the groundwork for agreements ahead of the Presidents and Prime Ministers who are due in Osaka at the end of the month. At a minimum, expect commentary on the state of trade progress between the United States, China, Japan and the European Union. For other equity updates and analysis, follow @PeterHanksFX on Twitter. –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more:Gold and High Yield Debt Funds See Record Inflows on Dovish Fed DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide. http://platform.twitter.com/widgets.js Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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