Trading News Events: The Conference Board Consumer Confidence
2016-07-26 14:00 GMT | [USD - CB Consumer Confidence]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - CB Consumer Confidence] = Level of a composite index based on surveyed households.
From the article:
EUR/USD H1: bullish ranging near bearish reversal.
The price is on ranging near and above Ichimoku cloud within the following key reversal support/resistance levels:
AUD/USD H1: ranging for the bullish continuation or for the bearish reversal.
The price is located above Ichimoku cloud in the bullish area of the chart for the ranging within the following key reversal support/resistance levels:
S&P 500 Daily Technicals: correction to be started or the bullish trend to be continuing (adapted from the article)
"There are no expectations of the Fed moving away from 0.50%, so the
market’s attention will be on any language changes in the statement. It
would seem likely this will be a low volatility meeting, however, we
should always be on our toes just in case."
is located above Ichimoku cloud within very narrow support/resistance levels:
Ascending triangle pattern was formed by the price to be crossed to above for the bullish trend to be continuing. And Absolute Strength indicator is estimating the ranging correction to be started in the near future.
If D1 price breaks 2151.00
support level on close bar so the local downtrend as the secondary correction will be started.If D1 price breaks 2169.75
resistance level on close bar so the bullish trend will be continuing.If not so the price will be on ranging within the levels.
SUMMARY : bullish
AUD/USD Intra-Day Fundamentals: Australian Consumer Price Index and 108 pips range price movement
2016-07-27 01:30 GMT | [AUD - CPI]
if actual > forecast (or previous one) = good for currency (for AUD in our case)
[AUD - CPI] = Change in the price of goods and services purchased by consumers.
AUD/USD M5: 108 pips range price movement by Australian Consumer Price Index news event
GBP/USD Intra-Day Fundamentals: U.K. Gross Domestic Product and 51 pips range price movement
2016-07-27 08:30 GMT | [GBP - GDP]
if actual > forecast (or previous one) = good for currency (for GBP in our case)
[GBP - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.
GBP/USD M5: 51 pips range price movement by U.K. Gross Domestic Product news event
EUR/USD Intra-Day Fundamentals: U.S. Durable Goods Orders and 11 pips range price movement
2016-07-27 12:30 GMT | [USD - Durable Goods Orders]
[USD - Durable Goods Orders] = Change in the total value of new purchase orders placed with manufacturers for durable goods.
From rttnews article:
EUR/USD M5: 11 pips range price movement by U.S. Durable Goods Orders news event
Trading News Events: Federal Open Market Committee Interest Rate Decision (adapted from the article)
2016-07-27 18:00 GMT | [USD - Federal Funds Rate]
[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the
Federal Reserve to other depository institutions overnight.
Why Is This Event Important:
"With Fed Funds Futures reflecting limited expectations for higher
borrowing-costs in 2016, Chair Janet Yellen and Co. may largely endorse a
wait-and-see approach for monetary policy as the central bank argues
market-based measures of inflation compensation remains weak while ‘most
survey-based measures of longer-term inflation expectations are little
changed, on balance, in recent months.’"
EUR/USD H1: bearish reversal.
The price broke Ichimoku cloud to below for the possible bearish reversal with 1.0984 support level to be testing for the bearish trend to be started. The price is located now within the following support/resistance levels:
EUR/USD M5: 39 pips range price movement by Federal Open Market Committee Interest Rate Decision news event
Fed keeps key interest rate steady but sees fewer risks (based on the article)
EUR/USD Intra-Day Fundamentals: U.S. Jobless Claims and 8 pips range price movement
2016-07-28 12:30 GMT | [USD - Unemployment Claims]
if actual < forecast (or previous one) = good for currency (for USD in our case)
[USD - Unemployment Claims] = The number of individuals who filed for unemployment insurance for the first time during the past week.
From CNBC article:
EUR/USD M5: 8 pips range price movement by U.S. Jobless Claims news event
Brent Crude Oil Technical Analysis - daily bearish with 42.54 key support (adapted from the article)
Daily price is on bearish market condition located below
Ichimoku cloud: price is testing 42.54 support level to below for the
bearish trend to be continuing. Alternative, if the price breaks 45.15
resistance level to above so the local uptrend as the bear market rally
will be started, otherwise - ranging bearish.
Descending triangle pattern was formed by the price to be crossed to below for the bearish trend to be continuing.
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
is located below 100 SMA and near 200 SMA: the price is testing 1.1119 resistance level to above for the reversal of the price movement to the primary bullish market condition. For now - the ptrice is located within the following key reversal support/resistance
Symmetric triangle pattern was formed by the price to be crossed for direction.
price. United Overseas Bank is considering for EUR/USD for
the ranging market condition with the high range to be expended up to 1.1150 level:
"We shifted to a neutral EUR stance yesterday and held the view that the
current rebound in EUR could extend higher to 1.1150. We have seen a
high of 1.1118 so far and the pullback from the top appears to be
corrective in nature and from here, we continue to anticipate a move to
1.1150 (next resistance is at 1.1180/85). Support is at 1.1040 but the
key level is 1.1000 (breach of this level would indicate that immediate
upward pressure has eased)."