14 July, 2015 by Aayush Jindal in Market Analysis
British Pound surged higher against the Japanese Yen, but it found resistance around a major resistance zone.
Japanese Industrial Production released by the Ministry of Economy, Trade and Industry declined by 2.1% in May 2015, compared with the preceding month.
Japanese Capacity Utilization also posted a decline by 3% in May, which was also below the for...
13 July, 2015 by Aayush Jindal in Market Analysis
Euro remained elevated against the US Dollar despite all fears in the Euro Zone and Greece.
EU meetings and Greek talks continue, as the Forex market eyes an outcome for the next move.
Chinese Trade Balance released by the General Administration of Customs of the People’s Republic of China posted a trade surplus of $45.610B, compared with the forecast o...
10 July, 2015 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDCHF
US Dollar remains in control as the market sentiment is still in favor of buyers.
US Initial Jobless Claims released by the US Department of Labor came in at 297K, whereas the market is expecting it to stay around 275K.
US Continuing jobless claims increased to 2.234M, whereas the expectation was of 2.248M.
Canadian Housing Starts released by the Cana...
09 July, 2015 by Aayush Jindal in Market Analysis
Euro surged higher this week against the Aussie Dollar, as the latter one got hammered due to risk off sentiment.
EURAUD climbed towards 1.4950-60 where it found sellers and currently correcting lower.
Chinese Consumer Price Index is released by the National Bureau of Statistics of China remained flat at 0% in June 2015 whereas the market was expecting a ...
08 July, 2015 by Aayush Jindal in Market Analysis
Aussie Dollar is under bearish pressure, as Chinese stock market tumbled with China's Shanghai Composite Index falling 8%.
AUDUSD traded to a new weekly low of 0.7391 and breached an important support area of 0.7400.
In Japan, the Current Account released by the Ministry of Finance came in at ¥1,880.9B in May 2015, higher compared with the forecast of ¥...
07 July, 2015 by Aayush Jindal in Market Analysis
New Zealand Dollar continued to weaken against most currencies, including the US Dollar.
NZDUSD traded below 0.6680 and looks set for more declines in the near term.
In New Zealand, the NZIER Business Confidence released by the New Zealand Institute of Economic Research came in at 5%, compared with the last 23%.
NZIER Business Confidence
07 July, 2015 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDCAD
US Dollar remained the first choice of investors, as it traded higher intraday against most of its counterparts.
US Services Purchasing Managers Index (PMI) released by Markit Economics came in at 54.8 in June 2015, unchanged from the last reading.
Canadian Ivey PMI released by the Richard Ivey School of Business came in at 55.9 in June 2015, i.e. above t...
06 July, 2015 by Aayush Jindal in Market Analysis
Euro fell and opened this week with a gap lower against most major currencies, including the US Dollar.
According to reports, Greeks rejected the bailout offer with 'No' vote surpassing the 61 percent figure.
In Australia, the ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) registered an increase of 1.3% in Jun...
03 July, 2015 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDCHF
US dollar was seen correcting lower after critical releases during the start of the NY session.
US Nonfarm Payrolls report was be released by the US Department of Labor, which came in at 223K in June 2015 whereas the market was expecting it to be around 230K.
US unemployment rate ticked down from 5.5% to 5.3% in June 2015 more than the forecast.
02 July, 2015 by Aayush Jindal in Market Analysis
Euro continued to weaken not only against the US Dollar, but also currencies such as the British Pound.
EURGBP is under pressure and remains at risk of more declines in the near term.
Today, the UK Construction PMI will be released by the Chartered Institute of Purchasing & Supply and Markit Economics, which might impact the EURGBP pair.
In Japan, t...