EUR/USD Intra-Day Fundamentals: Minimum Bid Rate, ECB Press Conference and range price movement
2017-10-26 12:45 GMT | [EUR - Minimum Bid Rate]
if actual > forecast (or previous one) = good for currency (for EUR in our case)
[EUR - Minimum Bid Rate] = Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.
From official report :
EUR/USD M30: range price movement by ECB Minimum Bid Rate news event
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4:
Intra-Day Fundamentals - GBP/USD, USD/CNH and Brent Crude Oil: U.S. Gross Domestic Product
2017-10-27 13:30 GMT | [USD - GDP]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.
From official report :
GBP/USD M1: range price movement by U.S. Gross Domestic Product news events
USD/CNH M1: range price movement by U.S. Gross Domestic Product news events
Brent Crude Oil M1: range price movement by U.S. Gross Domestic Product news events
The charts were made on MT5 with MA Channel Stochastic system uploaded on this post, and using standard indicators from Metatrader 5 together with following indicators:
Dollar Index - daily bullish breakout (based on the article)
Daily price broke Ichimoku cloud to above for the bullish reversal: price broke 94.61 daily resistance level to above for the bullish breakout to be continuing with 99.76 nearest bullish target.
The chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Weekly Fundamental Forecast for Dollar Index (based on the article)
Dollar Index - "The week ahead brings a hefty dose of fresh fodder to inform this narrative. The FOMC will convene for a policy meeting and marquee data releases including October’s employment numbers as well as the closely watched ISM and PMI activity surveys are set to cross the wires. Both components seem likely to complement the greenback’s latest upward push. Recent comments from Fed Chair Yellen have not-so-subtly signaled that the US central bank is on track for a rate hike in December. That makes the release of November’s policy statement a familiar pre-game exercise unambiguously setting the stage for what’s to follow. Meanwhile, a steady outperformance on US data outcomes since mid-June opens the door for another round of upbeat releases on the horizon."
Chart was made on MT4 using iFibonacci indicator and MaksiGen_Range_Move indicator from CodeBase (free to download).
EUR/USD - daily bearish breakdown (based on the article)
Daily price was bounced from1.1857 resistance level to below for the Ichimoku cloud to be crossing for the bearish reversal to be started. The price is testing support level at 1.1621 to below for the bearish breakdown to be continuing.
Same systems for MT4/MT5:
Weekly Fundamental Forecast for GBP/USD (based on the article)
GBP/USD - "The Bank of England will almost certainly double the benchmark UK Bank Rate to 0.5% on “Super Thursday”, increasing it for the first time in more than a decade. However, with the markets pricing in a probability of around 88% of a hike, there is a risk that the British Pound will fall back on the news, just as the Euro fell after the European Central Bank announced the predicted tightening of Euro-Zone monetary policy in the past week."
Weekly Fundamental Forecast for USD/JPY (based on the article)
USD/JPY - "At next week’s meeting, there are few hopes for any actual moves. The one prospect of change on the horizon is a potential nudge-lower to near-term inflation forecasts. In a Bloomberg report earlier in the week, ‘people familiar with the Central Bank’s discussions’ implied that the BoJ may be considering a “small” cut to their inflation projections for this fiscal year, which ends in March of 2018. The current projection of 1.1% has started to look like quite the stretch: August saw inflation come in at a surprising .7%, but this was after four consecutive months of CPI coming in at a .4% clipin a year that saw inflation remain below .5% for a full twelve months."
Weekly Fundamental Forecast for AUD/USD (based on the article)
AUD/USD - "The coming week offers few obvious opportunities for the Aussie to get out of jail. The US Federal Reserve’s November monetary policy meeting will give its dispensation on Thursday and that will of course be the global market highlight. For sure the Australian Dollar remains under a degree of downside pressure but there’s some chance that this is a little overdone relative to its home country’s overall economic performance. This performance is far from shabby even if wages, consumption and inflation are lagging it. While acknowledging that pressure, it might not be too much of a surprise to see the Aussie gain in the coming week."
Weekly Fundamental Forecast for USD/CAD (based on the article)
USD/CAD - "USD/CAD has staged a meaningful rally following the Bank of Canada (BoC) interest rate decision, with the pair at risk of extending the near-term advance as the Federal Open Market Committee (FOMC) appears to be on course to deliver another rate-hike in 2017. Market participants will also be closely watching the fresh rhetoric coming out of the FOMC even as Chair Janet Yellen and Co. are expected to keep the benchmark interest rate on hold, with Fed Fund Futures highlight a greater than 90% probability for a move in December. Indeed, the Fed may merely utilize the November 1 meeting to prepare U.S. households and businesses for another 25bp rate-hike as the central bank anticipates ‘economic conditions would evolve in a manner that would warrant gradual increases in the federal funds rate.’"
Weekly Fundamental Forecast for NZD/USD (based on the article)
NZD/USD - "NZD/USD has dropped sharply since the announcement of a new government whose policies include a shake-up of the Reserve Bank Act which would give the central bank a more prominent in controlling the foreign exchange rate, and a plan to increase the minimum wage. Recent New Zealand trade data disappointed with imports rising more than expected in September while exports missed market expectations. A rebound for NZD/USD is likely to find resistance at the 0.6993 Fibonacci retracement level ahead of the cluster of previous lows around 0.7050. On the downside the May 2016 low of 0.6675 comes into play, followed by a Fibonacci extension low of 0.6616."