16 February, 2015 by Aayush Jindal in Market Analysis
Japanese yen managed to gain some ground against the US dollar after a couple of important releases in Japan.
Japanese Gross Domestic Product released by the Cabinet Office registered an increase of 0.6% in the fourth quarter of 2014.
Japanese Industrial Production was also released by the Ministry of Economy, Trade and Industry, which came in at +0.8%, c...
13 February, 2015 by Aayush Jindal in Market Analysis
Euro managed to gain traction against the US dollar recently and traded higher to test the 1.1450 resistance area.
Euro Area Gross Domestic Product will be released by the Eurostat today, which is expected to register an increase of 0.2% in the fourth quarter of 2014.
During the NY session, the Reuters/Michigan Consumer Sentiment Index will be released by...
12 February, 2015 by Aayush Jindal in Market Analysis
British pound looks nervous ahead of an important release lined up later today.
Bank of England is scheduled to release inflation report during the London session today along with BOE’s Governor Mark Carney speech.
GBPUSD has a major support around 1.5180 and resistance ahead at 1.5300.
BOE Inflation Report
There is a high volatility risk event li...
11 February, 2015 by Aayush Jindal in Market Analysis
New Zealand dollar traded lower against the US dollar as sellers managed to defend the 0.7450 resistance area successfully.
New Zealand REINZ House Price Index was released earlier today which registered a decline of 1% in January 2015.
NZDUSD moved lower to test the 0.7400 support area where buyers appeared.
New Zealand REINZ House Price Index
10 February, 2015 by Aayush Jindal in AUDUSD, Market Analysis
Chinese consumer price index was released by the National Bureau of Statistics of China earlier today which came as a disappointment.
Chinese CPI increased by 0.3% in January 2015, compared to the preceding month whereas the market was expecting a rise of 0.4%.
Chinese Producer Price Index was also released which declined by 4.3%, more than the previous f...
09 February, 2015 by Aayush Jindal in Market Analysis
British pound traded higher against the Japanese yen recently and looks set for more gains in the near term.
Japanese Consumer Confidence was released by the Cabinet Office earlier today which came in at 39.1 up from the last reading of 38.8 in January 2015.
Japanese Eco Watchers Survey was also released which came in at 50.0, up by more than 3 points fro...
06 February, 2015 by Aayush Jindal in Market Analysis
US dollar moved lower against major currencies such as the Euro and the British pound, as it approaches an important i.e. event lined up today.
US nonfarm payrolls and the unemployment report will be released by the US Department of Labor later during the NY session.
US NFP is slated for an increase of 234K, less than the last reading of 252K.
05 February, 2015 by Aayush Jindal in Market Analysis
Japanese yen mostly consolidated in a range against the US dollar, but managed to gain a few bids against other major currencies such as the Euro and the British pound.
Japanese Securities investment, released by Ministry of Finance registered a reading of ¥675.2B, compared to the last revised reading of ¥44.2B.
Most important releases lined up for toda...
04 February, 2015 by Aayush Jindal in Market Analysis
New Zealand Employment Change and unemployment rate report was released by the Statistics New Zealand, which pointed higher employment change and participation rate.
Employment change came in at 1.2% in the fourth quarter of 2014, compared with the forecast of 0.8%.
Unemployment rate increased from 5.4% to 5.7% whereas the market was expecting a decline t...
03 February, 2015 by Aayush Jindal in Market Analysis
RBA Interest Rate Decision announced by the Reserve Bank of Australia surprised the Forex market, as the central bank decided to reduce cash rate by 25 basis points to 2.25 percent.
Australian dollar reacted sharply after the announcement and plunged by more than 100 pips.
Australian trade balance was released by the Australian Bureau of Statistics, which...