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Daily news of Cozfx

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

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  1. harryer

    harryer Member

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    COZfx: Australia’s services sector growth jumped to a 17-month high in December

    COZforex: For the past trading session, the AUD rose 0.78% against the USD and closed at 0.7273.

    LME Copper prices declined 1.3% or $73.5/MT to $5500.5/MT. Aluminium prices declined 0.1% or $1.0/MT to $1701.0/MT.

    In the Asian session, at GMT0400, the pair is trading at 0.7293, with the AUD trading 0.27% higher against the USD from yesterday’s close, after overnight data revealed that Australia’s AiG performance of services index advanced to a level of 57.7 in December, expanding at its strongest pace since May 2007, after recording a reading of 51.1 in the previous month.

    Elsewhere in China, Australia’s largest trading partner, the Caixin services PMI increased to a 17-month high level of 53.4 in December, suggesting that the world’s second largest economy picked-up steam at the year-end. The PMI had recorded a level of 53.1 in the prior month.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: AUD/USD is expected to find support at 0.7247 and a fall through could take it to the next support level of 0.7202; Meanwhile, the pair is expected to find its first resistance at 0.7320, and a rise through could take it to the next resistance level of 0.7348.

    Moving ahead, Australia’s trade balance figures for November, scheduled to release overnight, would pique investor attention.

    (COZ forex UK)
  2. harryer

    harryer Member

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    COZfx: UK’s Halifax house prices grew at its fastest pace in nine months in December


    COZforex: For the past trading session, the GBP declined 0.63% against the USD and closed at 1.2173, after comments from the British Prime Minister stoked fresh worries of a “hard Brexit”.

    The Britain’s Prime Minister, Theresa May stated that UK would not hold on keeping “bits of European Union membership”.

    In other economic news, UK’s Halifax house price index rose more-than-expected by 1.7% in December, marking its strongest increase since March 2016. Markets anticipated the index to advance 0.3%, after registering a revised gain of 0.6% in the prior month.

    In the Asian session, the pair is trading at 1.2168, with the GBP trading marginally lower against the USD from yesterday’s close.

    Overnight data indicated that the nation’s BRC retail sales across all sectors climbed 1.0% YoY in December, after recording a rise of 0.6% in the previous month.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: GBP/USD is expected to find support at 1.2108 and a fall through could take it to the next support level of 1.2049; Meanwhile, the pair is expected to find its first resistance at 1.2241, and a rise through could take it to the next resistance level of 1.2315.


    (COZ forex UK)
  3. harryer

    harryer Member

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    COZfx: USD/CAD almost unchanged, off three-month lows

    COZforex: The US dollar was almost unchanged against its Canadian counterpart on Friday, after mixed US data and amid ongoing uncertainty over the Trump administration’s future policy moves, as a decline in oil prices limited the Canadian dollar’s gains.

    USD/CAD hit 1.3115 during early US trade, the session low; the pair subsequently consolidated at 1.3153. In technical analysis, COZFX strategist Nigel Boynton said: The pair was likely to find support at 1.3028, Thursday’s low and a three-month trough and resistance at 1.3188, Thursday’s high.

    The US Census Bureau said retail sales rose 0.6% in December, disappointing expectations for a 0.7% gain. November’s 0.1% uptick was revised to an increase of 0.2%.

    Core retail sales, which exclude automobiles, gained 0.2% last month, compared to expectations for a 0.5% climb.

    A separate report showed that the US producer price index edged up 0.3% in December, in line with expectations and after a 0.4% increase the previous month.

    But the greenback remained under pressure since US President-elect Donald Trump failed to offer details on his promises to boost fiscal spending and cut taxes at a highly-anticipated news conference on Wednesday.

    Meanwhile, the commodity-related Canadian dollar was weighed by declining oil prices on Friday, amid new doubts over the extent of the production cuts promised by major crude producers.


    (COZ forex UK)
  4. harryer

    harryer Member

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    COZfx: ZEW survey of economic sentiment improved across the Euro-zone

    COZforex: For the past trading session, the EUR rose 1.05% against the USD and closed at 1.0709, after the Euro-zone’s ZEW survey of economic sentiment index advanced to a level of 23.2 in January, strengthening to an 11-month high level, amid rising optimism among investors as economic conditions improved across the common currency region.

    Separately, Germany’s ZEW economic sentiment index showed that German investor morale notched its highest level in seven months, after the index climbed to a level of 16.6 in January, although undershooting market consensus of a rise to a level of 18.4. In the previous month, the index had recorded a level of 13.8.

    The greenback declined against its major peers, after the US President-elect Donald Trump warned that the US dollar was “too strong” and “killing” American companies.

    In economic news, the US New York Empire State manufacturing index unexpectedly dropped to a level of 6.5 in January, defying market expectations for an advance to a level of 8.5 and following a revised reading of 7.6 in the previous month.

    In technical analysis, COZFX strategist Nigel Boynton said: EUR/USD is expected to find support at 1.0633 and a fall through could take it to the next support level of 1.0569; Meanwhile, the pair is expected to find its first resistance at 1.0739, and a rise through could take it to the next resistance level of 1.0781.

    Going ahead, market participants will closely monitor consumer price index for December across the Euro-zone, to gauge strength in the region’s economy. Additionally, investors would eye a speech by the US Fed Chairwoman, Janet Yellen and the Fed’s Beige Book, due later today.

    (COZ forex UK)
  5. harryer

    harryer Member

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    COZfx: Japan’s all industry activity index advanced in November

    COZforex: For the past trading session, the USD declined 0.63% against the JPY and closed at 114.29 on Friday.

    In the Asian session, the pair is trading at 113.61, with the USD trading 0.59% lower against the JPY from Friday’s close.

    Early morning data showed that Japan’s all industry activity index climbed 0.3% in November, lower than market expectations for a rise of 0.4%. In the prior month, the index had recorded a revised flat reading. Further, the nation’s final leading economic index advanced to a level of 102.8 in November, following a reading of 100.8 in the prior month and compared to a revised reading of 108.0 in the preliminary figures. Also, the nation’s final coincident index rose to a level of 115.0 in November, compared to a revised reading of 113.5 in the preliminary print.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: USD/JPY is expected to find support at 112.89 and a fall through could take it to the next support level of 112.18; Meanwhile, the pair is expected to find its first resistance at 114.85, and a rise through could take it to the next resistance level of 116.10.

    The currency pair is trading below its 20 Hr and 50 Hr moving averages.

    (COZ forex UK)
  6. harryer

    harryer Member

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    COZfx: Australia’s services sector slowed in January

    COZforex: For the past trading session, the AUD rose 1.02% against the USD and closed at 0.7655.

    In commodities, LME Copper prices declined 0.5% or $28.0/MT to $5903.0/MT; Aluminium prices declined 0.3% or $5.0/MT to $1813.0/MT.

    On the economic front, Australia’s AIG performance of services index eased to a level of 54.5 in January. In the previous month, the AIG performance of services index had recorded a level of 57.7.

    Early morning data revealed that in China, Australia’s largest trading partner, Caixin manufacturing PMI index declined to a level of 51.0 in January, compared to market expectations of a fall to a level of 51.8 and after recording a reading of 51.9 in the prior month.

    In technical analysis, COZFX strategist Nigel Boynton said: AUD/USD is expected to find support at 0.7620 and a fall through could take it to the next support level of 0.7591; Meanwhile, the pair is expected to find its first resistance at 0.7687, and a rise through could take it to the next resistance level of 0.7725.

    Moving ahead, investors will concentrate on Reserve Bank of Australia’s (RBA) interest rate decision along with Australia’s AiG performance of construction index, retail sales, HIA new home sales data, all set to release next week.


    (COZ forex UK)
  7. harryer

    harryer Member

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    COZfx: UK’s RICS house price surprisingly advanced in January

    COZforex: For the past trading session, the GBP rose 0.24% against the USD and closed at 1.2537.

    UK’s lower house of Parliament passed legislation to allow the British Prime Minister, Theresa May’s government to officially begin the Brexit process.

    In the Asian session, the pair is trading at 1.2518, with the GBP trading 0.15% lower against the USD from yesterday’s close.

    Data released overnight indicated that UK’s RICS house price balance unexpectedly raised to a level of 25.0 in January, compared to a revised level of 23.0 in the previous month, while markets were anticipating house price balance to drop to a level of 22.0.

    In technical analysis, COZ senior foreign exchange risk investment trader Desmond Doyle said: GBP/USD is expected to find support at 1.2477 and a fall through could take it to the next support level of 1.2436; Meanwhile, the pair is expected to find its first resistance at 1.2554, and a rise through could take it to the next resistance level of 1.2590.

    Looking ahead, investors await a speech by the Bank of England (BoE) Governor, Mark Carney, due overnight.

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

    (COZ forex UK)
  8. harryer

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    COZfx: Canadian dollar at 1-week highs before Yellen testimony


    COZforex: The Canadian dollar rise to one-week highs against its US counterpart on Tuesday ahead of congressional testimony by Federal Reserve Chair Janet Yellen later in the session.

    USD/CAD touched lows of 1.3025, the lowest level since February 6 and was last at 1.3040, off 0.24% for the day.

    Yellen will present the Fed’s report on monetary policy and the economy to the US Senate on Tuesday and the House on Wednesday, her first testimony since the US central bank hiked rates in December.

    Investors will be watching her comments for clues on when the Fed could next raise interest rates. The Fed has indicated that it could hike rates three times this year.

    Demand for the Canadian dollar continued to be underpinned after US President Donald Trump on Monday downplayed potential changes to trade ties between the US and Canada.

    In a joint press conference with Canadian Prime Minister Justin Trudeau, Trump said the US will be "tweaking" its trade relationship with Canada.

    The loonie, as the Canadian dollar is also known, was supported by higher prices for oil, a major Canadian export.

    Oil prices pushed higher as traders looked ahead to reports from the US on stockpiles of crude and refined products.


    (COZ forex UK)
  9. harryer

    harryer Member

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    COZfx: ECB shows no sign of dialling back stimulus

    COZforex: For the past trading session, the EUR rose 0.72% against the USD and closed at 1.0668.

    According to minutes of the European Central Bank’s latest monetary policy meeting, board members saw “no room for complacency” as they argued that the recent pick-up in inflation had been mainly driven by an increase in energy prices and judged that fundamental picture remained largely unaltered. Policymakers, therefore, pledged to continue their support for the Euro-zone’s economy through the end of this year, as risks and uncertainties had not receded substantially.

    The greenback weakened against most of its key peers, amid rising uncertainty over the timing of the Federal Reserve’s next interest rate increase.

    In economic news, initial jobless claims in the US rose less-than-anticipated to a level of 239.0K in the week ended 11 February 2017, compared to market expectations of a rise to a level of 245.0K and following a reading of 234.0K in the prior week. Additionally, the nation’s housing starts fell 2.6%, to an annual rate of 1246.0K in January, while investors had envisaged for a fall to a level of 1226.0K and after registering a revised level of 1279.0K in the previous month. On the other hand, the nation’s building permits jumped to its highest level since November 2015, after it gained 4.6% on monthly basis, to an annual rate of 1285.0K in January, surpassing market anticipation for a rise to a level of 1230.0K and compared to a revised reading of 1228.0K in the prior month. The pair is expected to find support at 1.0621, and a fall through could take it to the next support level of 1.0567. The pair is expected to find its first resistance at 1.0704, and a rise through could take it to the next resistance level of 1.0733.

    Going ahead, traders would concentrate on the Euro-zone’s construction output and current account data, both for December, due to release in a few hours. Moreover, the US CB leading indicators data for January, slated to release later today, will be on investor’s radar.

    (COZ forex UK)
  10. harryer

    harryer Member

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    COZfx: Switzerland’s trade surplus increased in January

    COZforex: For the past trading session, the USD rose 0.74% against the CHF and closed at 1.0098.

    Macroeconomic data revealed that Switzerland’s trade surplus widened to a level of CHF4.73 billion in January, amid a sharp drop in imports. The nation registered a revised trade surplus of CHF2.69 billion in the previous month. Moreover, the nation’s exports fell 4.0% in January, while imports declined 5.3% in the same month.

    In the Asian session, the pair is trading at 1.0086, with the USD trading 0.12% lower against the CHF from yesterday’s close.

    In technical analysis, coz forex senior derivatives trader Daniel • Moloney said: USD/CHF is expected to find support at 1.0052 and a fall through could take it to the next support level of 1.0019; Meanwhile, the pair is expected to find its first resistance at 1.0112, and a rise through could take it to the next resistance level of 1.0139.

    Ahead in the day, investors will keep a close watch on Switzerland’s ZEW survey of expectations data for February.

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


    (COZ forex UK)

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