NZD/USD Intra-Day Fundamentals: RBNZ Deputy Governor Spencer Speaks and 42 pips price movement
2016-07-07 05:30 GMT | [NZD - RBNZ Deputy Governor Spencer Speaks]
[NZD - RBNZ Deputy Governor Spencer Speaks] = RBNZ Deputy Governor Spencer Speaks on Housing risks require a broad policy response.
NZD/USD M5: 42 pips price movement by RBNZ Deputy Governor Spencer Speaks news event
DAX Index Technical Analysis: bearish ranging within key narrow levels (adapted from the article)
Daily price is located below Ichimoku cloud on the bearish area of the chart for the ranging within 9799.5 resistance level and 9152.1 support level:
Span line is below the price indicating the ranging condition by direction.
If D1 price will break 9152.1
support level on close bar so the bearish trend will be continuing.If D1 price will break 9799.5
resistance level on close bar from below to above so the local uptrend as the bear market rally will be started.If not so the price will be on ranging within the levels.
Trading platform market share war hots up as MetaTrader 5 goes viral in Asia
Indeed, in Western markets, exchange traded derivatives are often reserved for the highly capitalized global electronic market places of Chicago, however in regions with emerging exchanges, MetaTrader 5 appears to be in favor at the moment.
Trading News Events: U.S. Non-Farm Payrolls by Barclays, TD, Goldman (adapted from the article)
Barclays: "For the June US employment report, we expect nonfarm payrolls to rise by 175k,
private payrolls to increase by 170k, and government payrolls to rise
by 5k. A number in line with our expectation would represent a modest
rebound in hiring relative to the May employment report after adjusting
for the effects of the Verizon strike. Telecommunications employment
fell 37k in May, about in line with the estimate of the strike-related
effects as estimated by the BLS, and we look for this employment to
return in June given the conclusion of the strike prior to the survey
week. Elsewhere in the report, we expect the unemployment rate to remain unchanged at 4.7%. Finally, we expect average hourly earnings to rise 0.2% m/m (2.7% y/y) and average weekly hours to hold steady at 34.4."
TD: "We expect the sharp downdraft in employment to partially reverse in June, with a forecasted increase of 175k jobs. This
print will be supported by the return of 34k Verizon workers who were
on strike in May. In addition to the rebound in the telecom sector, a
bounce back in the wholesale, manufacturing and construction sectors
should also bolster the headline print. The unemployment rate is forecast to increase to 4.8% from the cycle-low of 4.7% on
account of an expected rebound in the labor force (following the
outsized 820K decline over the prior two months), which should more than
offset the gains in household employment. On the wage growth front,
average hourly earnings are expected to rise modestly, posting a 0.2%
m/m gain, resulting in the pace of wage growth accelerating from 2.5% to
2.7% y/y due in large part to favorable base effects."
Goldman: "We forecast that nonfarm payroll growth rebounded to +210k in June from
just +38k in May. In part the pickup reﬂects the conclusion of a strike
at Verizon Communications—this alone accounts for 70k of the
month-over-month swing. However, we also see scope for improvement
beyond Verizon, as other labor market data have generally looked
encouraging. We expect a small increase in the unemployment rate to 4.8% after
its three month decline in May. Data from the household survey have
been volatile in recent months, but the broad trends—participation
stabilizing and job growth remaining strong enough to reduce slack over
time—still look intact. We see a low month-over-month gain in average
hourly earnings due to calendar quirks, but the year-over-year rate
should edge higher."-----EUR/USD Quick Technical Overview: intra-day bearish trend to be resumed. H1 price was bounced from 200 SMA to below for the bearish market condition to be resumed in the near future: the price is testing 1.1071 support level to below for the bearish trend to be continuing with 1.1052 bearish breakdown target.If the price breaks 1.1106 resistance level on close H1 bar so the reversal of the price movement to the bullish market condition will be started.If the price breaks 1.1052 support level to below so the bearish trend will be continuing with the good breakdown possibilities.If not so the price will be on ranging condition for direction.
Technical Targets for GBP/USD by United Overseas Bank (based on the article)
is located below Ichimoku cloud for the bearish ranging within narrow support/resistance levels:
Absolute Strength indicator together with Chinkou Span line are estimating the ranging condition to be continuing in the near future, and Trend Strength indicator is showing the possible rally to be started within the bearish trend for example.
price. United Overseas Bank is considering for GBP/USD to be on the
bearish market condition with 1.2700 as a possible bearish target with 1.3150 stop loss for example:
Technical Targets for AUD/USD by United Overseas Bank (based on the article)
is on ranging to be above Ichimoku cloud in the bullish area of the chart. The price is located within the following key support/resistance levels:
price. United Overseas Bank is considering for AUD/USD price to be continuing with the bullish market condition with 0.7560/0.7600 possible bullish targets:
EUR/USD Intra-Day Fundamentals: Non-Farm Payrolls and 66 pips price movement
2016-07-08 12:30 GMT | [USD - Non-Farm Employment Change]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
"Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in leisure and hospitality, health care and social assistance, and financial activities. Employment also increased in information, mostly reflecting the return of workers from a strike."
EUR/USD M5: 66 pips price movement by Non-Farm Payrolls news event
USD/CAD Intra-Day Fundamentals: Canada's Employment Change and 57 pips price movement
2016-07-08 12:30 GMT | [CAD - Employment Change]
if actual > forecast (or previous one) = good for currency (for CAD in our case)
[CAD - Employment Change] = Change in the number of employed people during the previous month.
"Employment was unchanged in June (0.0%). The unemployment rate
declined 0.1 percentage points to 6.8%, as the number of people
searching for work edged down. In the second quarter of 2016,
employment was little changed (+11,000 or +0.1%). This was the smallest
quarterly change in employment in two years."
USD/CAD M5: 57 pips price movement by Canada's Employment Change news event
Weekly Outlook: 2016, July 10 - July 17 (based on the article)
Credit Agricole with Week Ahead: Relative Value Trades With Degrees of Separation From The Brexit Trade (adapted from the article)
Credit Agricole was analysiing the Brexit situation onto the forex price movement with the taking into account the pairs with the good degrees of the separation from the Brexit trade for example:
Let's describe the situation with the technical points of view.
AUD/NZD - Next Week Forecast. Credit Agricole estimated for AUD/NZD to be in long situation but as we see from the daily chart - the p[rice is located below Ichimoku cloud in the bearish area of the chart by 1.0339 support level to be tested for the bearish breakdown to be continuing. The nearest resistance level at 1.0548 is located on the border with the secondary rally to be started and with 1.0774 resistance level as a bullish reversal target.
The most likely scenarios for the daily price are the following: the bearish breakdown will be continuing or the ranging within the bearish will be started.
USD/CAD - Next Week Forecast. Credit Agricole forecasted for the price to be in long for the coming week. As we see form the chart below - the price is on bullish market condition by Ichimoku cloud to be broken to above with 1.3055 resistance to be tested for the bullish trend to be continuing. Chinkou Span line is located near and below the price to be ready for the possible bullish breakout, and Trend Strength indicator together with Absolute Strength indicator are estimating the bullish trend to be continuing. Alternative, the breaking 1.2831 support level to below will lead to the bearish reversal to be started up to 1.2654 bearish target in this case for example.
Most likely scenarios for the daily price are the following: bullish breakout will be continuing or the ranging within the bullish will be started.
USD/JPY - Next Week Forecast. Credit Agricole indicated the local uptrend as the bear market rally for the price to be started in the coming week - the daily price is located below Ichimoku cloud in the primary bearish area of the chart with the ranging within the narrow support/resistance levels. So, the secondary rally may be started by 103.39 resistance level to be broken by the price to above and with 107.86 possible bullish reversal target, alternative - if the price breaks 100.19 support ot below on daily close bar so the ranging bearish market condition will be continuing with 98.93 bearish target to re-enter.
Most likely scenario for the daily price is the following: bearish ranging within the levels.