Market Analysis – Page 11

NZD/USD Weekly Fundamental Analysis – March 28- April 1, 2016 -Forecast

March 27, 2016March 27, 2016 Admin

The NZD/USD will enter the new week on Tuesday at 0.6691 falling steadily after touching a 2016 high just a week before. The strength of the US dollar weighed heavily on the commodity currencies as well as commodities. The kiwi is trading at 0.691. New Zealand’s trade surplus expanded from a revised $13 million in January to $339 million last month, beating the $57 million surplus forecast by markets. Pair breaks key support level at $0.6750 marks and trading around $0.6695 levels. Short term bias remains bearish for the moment….

Fundamental Analysis: The past week’s GBP/USD story – What’s next?

March 27, 2016March 27, 2016 Admin

On Thursday, before 9:30 am, the trend of GBP/USD pair had been a well established bearish trend. And then at 9:30 the data from UK about the retail sales of February was released. Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. The strength of this data was a clear signal for the markets to immediately respond in favour of GBP. The pair shot up in…

USD/JPY Technical Analysis – Fri, 25 Mar 2016

March 25, 2016March 27, 2016 Admin

USD/JPY closes in on channel’s resistance Fri, 25 Mar 2016 08:31:07 GMT Source: Dukascopy Bank SA © Dukascopy Bank SA “The higher dollar trend is becoming more evident against the yen. But the move broadly remains within an adjustment from the post-Fed bearishness.” – Jun Kato, Shinkin Asset Management (based on Bloomberg) Pair’s Outlook The US Dollar was able to outperform the Japanese Yen on Thursday, with the 20-day SMA limiting the gains. The same level is acting as the closest resistance today, thus, might trigger a sell-off, erasing most…

Technical Analysis – Fri, 25 Mar 2016

March 25, 2016March 27, 2016 Admin

GBP/USD risks falling under 1.41 Fri, 25 Mar 2016 08:09:05 GMT Source: Dukascopy Bank SA © Dukascopy Bank SA “Until the referendum takes place in June, we view the risk to our estimates of a weaker pound as standing to the downside, although we would note that the market is already starting from a net short position, whereas short cable became a more popular trade only around 10 days before the Scottish referendum in September 2014.” – Goldman Sachs (based on Business Recorder) Pair’s Outlook The Cable managed to recover…