" "

forexchief

Daily news of Cozfx

Discussion in 'Analisa Teknikal' started by harryer, Nov 18, 2014.

Share This Page

  1. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: Euro-zone’s industrial production picked up in August

    COZforex: For the past trading session, the EUR declined 0.42% against the USD and closed at 1.1012.

    In economic news, data indicated that Euro-zone’s seasonally adjusted industrial production rebounded by 1.6% on a monthly basis in August, more than market expectations for an advance of 1.5% and following a revised drop of 0.7% in the previous month.

    The US Dollar gained ground against its key counterparts, after minutes from the US Federal Reserve’s September meeting showed that the central bank is moving closer to raising interest rates. The minutes highlighted internal divisions over the timing of the next rate move and revealed that some Fed officials judged an interest rate hike would be warranted “relatively soon” as the economy was strong enough to withstand a rate hike, while others wanted more evidence that inflation and labour market is firming before raising rates. Further, it showed that officials who favour hiking interest rates fretted over waiting too long as it could send the country into a recession.

    Meanwhile, the policymakers also reduced their economic growth forecasts and slashed the expected path of interest rate hikes to one hike this year, two in 2017 and three each in 2018 and 2019.

    In other economic news, the nation’s JOLTs job openings dropped to a level of 5443.0K in August, after recording a revised reading of 5831.0K in the prior month. Also, the nation’s mortgage applications eased by 6.0% during the week ended 07 October 2016, following a rise of 2.9% in the previous week.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: EUR/USD is expected to find support at 1.1001 and a fall through could take it to the next support level of 1.0970; Meanwhile, the pair is expected to find its first resistance at 1.1062, and a rise through could take it to the next resistance level of 1.1092.

    Looking ahead, market participants would await the release of Germany’s final consumer price index for September, due to release in a few hours. Moreover, the US initial jobless claims data, slated to release later in the day, would garner a lot of market attention.


    (COZ forex UK)
    " "
  2. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: Aussie drifts slightly weaker in Asia ahead of October minutes

    COZforex: The Aussie ticked lower after remarks from the central bank chief on Tuesday and ahead of minutes from the October policy meeting.

    Australia's central bank will release the minutes of the October meeting later on Tuesday at which it held rates steady at a record low 1.50%.

    AUD/USD traded at 0.7625, down 0.07%, while USD/JPY changed hands at 103.88, down 0.02%.

    Earlier, Reserve Bank of Australia Governor Philip Lowe said Tuesday third quarter inflation figures will be an important indication of inflation expectations, which have clearly declined recently and there is a need to guard against them falling further.

    The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 97.86.

    Overnight, the dollar remained lower against the other major currencies on Monday, after the release of downbeat economic reports from the US dampened optimism over the strength of the economy, although the greenback still remained within close distance of a seven-month peak.

    The Federal Reserve of New York said its Empire State manufacturing index fell to -6.80 in October from -1.99 the previous month. Analysts had expected the index to rise to 1.00 this month.

    A separate report showed that US industrial production increased by 0.1% last month, below expectations for a gain of 0.2%.

    However, manufacturing production increased by 0.2% last month, compared to forecasts for a 0.1% rise.

    Earlier Monday, final data showed that the euro zone consumer price index rose 0.4% in September, in line with expectations. Year-on-year, consumer prices gained 0.4% last month.


    (COZ forex UK)
  3. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: BoC leaves key interest rate unchanged lowers growth outlook

    COZforex: For the past trading session, the USD rose 0.07% against the CAD and closed at 1.3117.

    The Bank of Canada, in its latest policy meeting, held the benchmark interest rate unchanged at 0.5% and reduced its growth outlook for the economy, amid dampened expectations for exports and slowdown in housing. The central bank now expects Canada’s real GDP to expand by 1.1% this year and 2.0% in 2017, down from its July projection of 1.3% and 2.2% respectively. Further, it also expects the global economy to regain momentum in the second half of the year and through the following two years.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/CAD is expected to find support at 1.3041 and a fall through could take it to the next support level of 1.2949; Meanwhile, the pair is expected to find its first resistance at 1.3185 and a rise through could take it to the next resistance level of 1.3237.

    Amid a lack of economic releases in Canada today, investors would look forward to global events for direction.


    (COZ forex UK)
  4. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: Euro-zone’s consumer confidence advanced to a 3-month high level in October

    COZforex: For the past trading session, the EUR declined 0.43% against the USD and closed at 1.0879 on Friday, as comments from the ECB President continued to weigh on the common currency.

    In economic news, data indicated that the Euro-zone’s flash consumer confidence index improved for a second straight month to a level of -8.0 in October, meeting market expectations and recording its highest level in three-months, highlighting that consumer sentiment is improving continuously. The index had recorded a level of -8.2 in the prior month.

    On Friday, the US San Francisco Fed President, John Williams, renewed his call for gradual rate hikes while stating that the US economy has improved enough to withstand a rate hike by year-end.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.0842 and a fall through could take it to the next support level of 1.0822; Meanwhile, the pair is expected to find its first resistance at 1.0897, and a rise through could take it to the next resistance level of 1.0932.

    Going ahead, investors would look forward to the preliminary Markit manufacturing and services PMIs, both for October across the Euro-zone, slated to release in a few hours, to get better insights into the region’s economy. Moreover, in the US, the flash Markit manufacturing PMI for October, due to release later in the day would be keenly watched by investors.


    (COZ forex UK)
  5. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16

    COZfx: UK’s BBA mortgage approvals advanced to a 3-month high level in September


    COZforex: For the past trading session, the GBP rose 0.45% against the USD and closed at 1.2235, after UK’s BBA mortgage approvals rose more-than-anticipated to a level of 38.3K in September, notching its highest level in three-months, against market expectations of a rise to a level of 37.3K and following a revised reading of 37.2K in the prior month.

    In the Asian session, the pair is trading at 1.2212, with the GBP trading 0.19% lower against the USD from yesterday’s close.

    In technical analysis, COZ senior foreign exchange risk investment trader Desmond Doyle said: GBP/USD is expected to find support at 1.2160 and a fall through could take it to the next support level of 1.2107; Meanwhile, the pair is expected to find its first resistance at 1.2257, and a rise through could take it to the next resistance level of 1.2301.

    Moving ahead, UK’s flash GDP data for 3Q, scheduled to release in a few hours accompanied with GfK consumer confidence index for October, due to release later today, would keep investors on their toes.

    The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

    (COZ forex UK)
  6. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: Japanese industrial production surprisingly remained flat in September

    COZforex: For the past trading session, the USD declined 0.52% against the JPY and closed at 104.70 on Friday.

    In the Asian session, the pair is trading at 104.77, with the USD trading 0.07% higher against the JPY from Friday’s close.

    Overnight data showed that, Japan’s flash industrial production unexpectedly remained flat on a monthly basis in September, raising doubts over the nation’s manufacturing sector. Markets expected industrial production to advance by 0.9%, compared to a rise of 1.3% in the prior month. Additionally, the nation’s retail trade surprisingly remained flat on a monthly basis in September, adding to evidence that private consumption would continue to act as a drag on the nation’s economic growth. Retail sales recorded a revised fall of 1.2% in the prior month whereas markets anticipated for a gain of 0.2%.

    Further, the nation’s large retailers’ sales eased by 3.2% in September, surpassing investor consensus for a drop of 2.7% and compared to a decline of 3.6% in the previous month. On the contrary, housing starts advanced more-than-expected by 10.0% on an annual basis in September, against market expectations for an advance of 5.2%. In the prior month, housing starts had increased by 2.5%.

    In technical analysis, COZFX strategist Nigel Boynton said: USD/JPY is expected to find support at 104.31 and a fall through could take it to the next support level of 103.85; Meanwhile, the pair is expected to find its first resistance at 105.38, and a rise through could take it to the next resistance level of 105.99.


    (COZ forex UK)
  7. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: Australia’s building approvals plunged in September

    COZforex: For the past trading session, the AUD rose 0.41% against the USD and closed at 0.7651.

    In commodities, LME Copper prices rose 0.73% or $35.0/MT to $4862.0/MT; Meanwhile, Aluminium prices rise 0.52% or $9.0/MT to $1732.0/MT.

    Overnight data indicated that Australia’s seasonally adjusted building approvals declined by 8.7% on a monthly basis in September, higher than market expectations for a fall of 3.0% and following a drop of 1.8% in the prior month.

    In technical analysis, COZ senior foreign exchange risk investment trader Desmond Doyle said: AUD/USD is expected to find support at 0.7596 and a fall through could take it to the next support level of 0.7563; Meanwhile, the pair is expected to find its first resistance at 0.7675, and a rise through could take it to the next resistance level of 0.7721.

    Going ahead, market participants would keep a close watch on Australia’s AiG performance of services index for October, due to release tonight along with trade balance for September, slated to release overnight.


    (COZ forex UK)
  8. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: USD/CAD rises to 8-month highs after US, Canadian data

    COZforex: The US rise to eight-month highs against its Canadian counterpart on Friday, after the release of mixed data from both the US and Canada, as lower oil prices continued to dampen demand for the commodity-related Canadian currency.

    USD/CAD hit 1.3451 during early US trade, the pair’s highest since March; the pair subsequently consolidated at 1.3426, gaining 0.22%. In technical analysis, COZFX strategist Nigel Boynton said: USD/CAD was likely to find support at 1.3357, Thursday’s low and resistance at 1.3553.

    The US Labor Department said the economy added 161,000 jobs in October, disappointing expectations for an increase of 175,000. However, September’s figure was revised up to a 191,000 gain from a previously estimated rise of 156,000.

    The unemployment rate ticked down to 4.9% last month from 5.0% in September, in line with expectations.

    A separate report showed that the US trade deficit narrowed to $36.44 billion in September from $40.46 billion in October. Analysts had expected the trade deficit to hit $37.80 billion in September.

    Also Friday, Statistics Canada reported that the number of employed people rose by 43,900 in October, beating expectations for a 10,000 decline, after an increase of 67,200 the previous month. The unemployment rate remained unchanged at 7.0% last month, as expected.

    However, Canada’s trade deficit widened to C$4.08 billion in September from C$1.99 billion the previous month, confounding expectations for a deficit of C$1.70 billion.

    Separately, the Canadian dollar remained under pressure as oil prices continued to hover at five-week lows on Friday as record high US supply data and doubts over the possibility of a production freeze deal by major oil producers continued to weigh.


    (COZ forex UK)
  9. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: European Commission cuts Euro-zone’s growth forecasts for 2017

    COZforex: For the past trading session, the EUR declined 0.86% against the USD and closed at 1.0918.

    Yesterday, the European Commission, in its first economic forecasts since the Brexit vote, raised the Euro-zone’s growth projection for this year but slashed 2017 growth forecast, citing increased political uncertainty, including Britain’s decision to leave the European Union and weakening global trade.

    The Commission projected the Euro-zone to grow by a modest 1.7% this year, from 1.6% estimated earlier in May, while the growth projection for next year was trimmed to 1.5%, from 1.8%. Further, the commission forecasted that inflation in the common currency region would hit 1.4% in both 2017 and 2018, after rising to 0.3% this year, thus offering some signs of relief to the European Central Bank which is struggling to spur inflation in the common currency region.

    In other economic news, mortgage applications in the US fell by 1.2% in the week ended 04 November 2016, following a similar decline in the prior week. Meanwhile, the nation’s final wholesale inventories rose less-than-expected by 0.1% in September, compared to a revised drop of 0.1% in the prior month.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.0793 and a fall through could take it to the next support line of 1.0649; Meanwhile, the pair is expected to find its first resistance at 1.1190, and a rise through could take it to the next resistance level of 1.1443.

    Amid a lack of major economic releases in the Euro-zone today, investors would focus on US initial jobless claims and monthly budget statement for October, due to release later today.


    (COZ forex UK)
  10. harryer

    harryer Member

    Messages:
    350
    Likes Received:
    0
    Trophy Points:
    16
    COZfx: AUD weaker in Asia ahead of wages figures, dollar eyed

    COZforex: The Aussie held weaker in Asia on Wednesday ahead of wages data with investors keeping a sharp eye on the dollar ahead of remarks from Fed Chair Janet Yellen this week.

    AUD/USD traded at 0.7549, down 0.15%, while USD/JPY changed hands at 109.09, down 0.09%.

    In Australia, the third quarter wage price index is seen up 0.5% quarter-on-quarter and at a 2.0% pace year-on-year.

    The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 100.20.

    Overnight, the dollar held steady near a fresh 11-month peak against the other majors currencies on Tuesday, as upbeat US data boosted optimism over the US economy and added to expectations for a rate hike by the Federal Reserve.

    The US Commerce Department said retail sales rose 0.8% in October, compared to expectations for a 0.6% increase. Core retail sales, which exclude automobile sales, increased by 0.8% last month, compared to forecasts for an advance of 0.5%.

    In addition, the Federal Reserve of New York said its Empire State manufacturing index climbed to 1.50 in November from -6.80 the previous month. Analysts had expected to improve to -2.50 this month.

    The dollar also remained broadly supported amid hopes that increased fiscal spending and tax cuts under a Trump administration will bolster economic growth and inflation.

    (COZ forex UK)

Share This Page