Press review - page 66

Sergey Golubev
Moderator
113440
Sergey Golubev  

2013-12-31 00:30 GMT (or 01:30 MQ MT5 time) | [AUD - Private Sector Credit]

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Australia November Private Sector Credit +0.3%

Overall private sector credit in Australia was up a seasonally adjusted 0.3 percent in November compared to the previous month, the Reserve Bank of Australia said on Tuesday.

Private Sector Credit - MetaTrader 5 Help
  • www.metatrader5.com
Private Sector Credit This is an indicator showing the rate of growth in the sector of private crediting in Australia. The indicator is not very significant in terms of influencing the dynamics of the Australian dollar in the international...
Sergey Golubev
Moderator
113440
Sergey Golubev  

EUR/USD steady in thin year-end trade

EUR/USD hit 1.3729 during late Asian trade, the session low; the pair subsequently consolidated at 1.3794, easing 0.04%.

The pair was likely to find support at 1.3729, Monday's low and resistance at 1.3894, the high of December 27 and a 26-month high.

The dollar remained supported amid expectations for further stimulus tapering by the Federal Reserve. The U.S. central bank will start reducing its bond-buying stimulus program by USD10 billion a month in January, amid indications of an improving U.S. economy.

The single currency had gained some ground on Friday, after European Central Bank Governing Council member Jens Weidmann said keeping interest rates low may endanger political reforms.

Forex - EUR/USD steady in thin year-end trade
Forex - EUR/USD steady in thin year-end trade
  • Investing.com
  • www.investing.com
Investing.com - The euro was steady against the U.S. dollar in thin year-end trade on Tuesday, although recent news the Federal Reserve will be tapering its stimulus program next year continued to support the greenback. EUR/USD hit 1.3729 during late Asian trade, the session low; the pair subsequently consolidated at 1.3794, easing 0.04%...
Sergey Golubev
Moderator
113440
Sergey Golubev  

EUR/USD edges lower ahead of PMI data

EUR/USD hit 1.3741 during late Asian trade, the session low; the pair subsequently consolidated at 1.3748, edging down 0.07%.

The pair was likely to find support at 1.3693, the low of December 27 and resistance at 1.3813, the high of December 31.

The greenback remained supported after the Conference Board on Tuesday said that its index of U.S. consumer confidence improved to 78.1 in December from 72.0 in November. Analysts had expected the index to rise to 76.0 this month.

Forex - EUR/USD edges lower ahead of PMI data
Forex - EUR/USD edges lower ahead of PMI data
  • Investing.com
  • www.investing.com
Investing.com - The euro edged lower against the U.S. dollar on Thursday, as investors eyed the release of upcoming manufacturing data out of the euro zone, while the Federal Reserve's decision to begin tapering its stimulus program this month supported the greenback. EUR/USD hit 1.3741 during late Asian trade, the session low; the pair...
Sergey Golubev
Moderator
113440
Sergey Golubev  

AUD/USD down in Asian trading hours

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.36% to hit 1.5472 and AUD/JPY falling 0.28% to hit 93.67.

Forex - AUD/USD down in Asian trading hours
Forex - AUD/USD down in Asian trading hours
  • Investing.com
  • www.investing.com
Investing.com - The Australian Dollar was lower against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.8889, down 0.39% at time of writing. The pair was likely to find support at 0.8834, Monday’s low, and...
Sergey Golubev
Moderator
113440
Sergey Golubev  

EURUSD Technical Analysis (adapted from dailyfx article)

  • EUR/USD failed near the 1.3895 61.8% retracement of the 2009/2010 decline heading into the important cycle turn window this week
  • A move under the 2nd square root relationship of last year’s high at 1.3655 will turn us negative on the Euro
  • The 1st square root relationship of the 2012 high at 1.3775 is now important resistance with a move above needed to relieve immediate downside pressure
  • An important long-term cycle is in effect over the next few days
  • A daily close under the 2nd square root relationship of the year’s high at 1.3655 will turn us negative on the Euro
Price & Time: January Doesn’t Usually Favor the Pound
Price & Time: January Doesn’t Usually Favor the Pound
  • Kristian Kerr
  • www.dailyfx.com
The month of January has a seasonal tendency to be one of the worst performing months for European currencies. A few key cycle turn windows this week in the Euro and the Pound suggest this January could see more of the same especially when taking into account the recent jump in positive sentiment vis-a-vis the Daily Sentiment Index . In the...
Sergey Golubev
Moderator
113440
Sergey Golubev  

'Dr. Doom' Makes Sunnier Prognosis For 2014

Nouriel Roubini, labeled "Dr. Doom" when he correctly predicted a housing collapse would lead to the market crash in 2007, is out this week with a relatively optimistic forecast for global economic growth in 2014.

"After a year of subpar 2.9 percent global growth, what does 2014 hold in store for the world economy?" Roubini writes in an opinion piece on the Project Syndicate website. "The good news is that economic performance will pick up modestly in both advanced economies and emerging markets."

Roubini, who recently told Bloomberg News that he prefers to be called "Dr. Realist" rather than "Dr. Doom," says headwinds to global economic growth are easing:

"The threat, for example, of a eurozone implosion, another government shutdown or debt-ceiling fight in the United States, a hard landing in China, or a war between Israel and Iran over nuclear proliferation, will be far more subdued."

Led by the U.S., Roubini predicts that advanced economies will grow at an annual pace near 1.9 percent, after growing only 1 percent in 2013.

The U.S., which saw its economic recover pick up in the fourth quarter, can expect to benefit from the shale-energy revolution, improvement in the labor and housing markets, and the "reshoring" of manufacturing.

Outside the U.S., growth will remain anemic in most advanced economies, particularly in the European Union, where fundamental problems like public debt and high unemployment remain unresolved.

Meanwhile, emerging economies will grow faster in 2014 thanks to strong exports and a robust Chinese economy. He sees 5 percent growth across emerging economies, beating the 4.8 percent below-trend growth seen last year.

'Dr. Doom' Makes Sunnier Prognosis For 2014 - NASDAQ.com
'Dr. Doom' Makes Sunnier Prognosis For 2014 - NASDAQ.com
  • www.nasdaq.com
RTTNews.com) - Nouriel Roubini, labeled "Dr. Doom" when he correctly predicted a housing collapse would lead to the market crash in 2007, is out this week with a relatively optimistic forecast for global economic growth in 2014. "After a year of subpar 2.9 percent global growth, what does 2014 hold in store for the world economy?" Roubini...
Sergey Golubev
Moderator
113440
Sergey Golubev  

2014-01-03 09:30 GMT (or 10:30 MQ MT5 time) | [GBP - Construction PMI]

if actual > forecast = good for currency (for GBP in our case)

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UK PMI - Construction better than expected 62.1

UK PMI - Construction released at 62.1 better than expected.  The potential for this event to affect exchange rates is High.  Market impact primarily affects GBP currency pairs although currency correlations may impact other currencies as well.

Purchasing Managers Index - MetaTrader 5 Help
  • www.metatrader5.com
Purchasing Managers Index (PMI) The indicator reflects the change in the rate of industrial production. Figures above 50% reflect growth of rates of industrial production, below 50% - slowing down. The indicator is taken into account by the market.
Ronnie Mansolillo
6217
Ronnie Mansolillo  
EFC
EFC
  • ebm.email.efinancialcareers.com
U.S. brokers who have a history of complaints better watch out in the New Year. Regulators are watching them and their firms more intensely. The Financial Industry Regulatory Authority (Finra), which is a self-regulator for the sector, is setting up an enforcement team to follow those with customer complaints and rules violations, according to...
Sergey Golubev
Moderator
113440
Sergey Golubev  

Intraday Technical Analysis For EURUSD (based on this article)



EURUSD is moving down in third leg of decline, labeled as wave C/3 that should be made by five waves. We see current sideways price action as fourth wave so be aware of more downside as long as 1.3740 holds.

Intraday Elliott Wave Analysis For EURUSD And OIL - Forex Minute - Financial News | Stock Market | Trading Commodities | Binary Options Updates - Forex Minute Portal
Intraday Elliott Wave Analysis For EURUSD And OIL - Forex Minute - Financial News | Stock Market | Trading Commodities | Binary Options Updates - Forex Minute Portal
  • View all of Gregor Horvat's Articles »
  • www.forexminute.com
EURUSD is moving down in third leg of decline, labeled as wave C/3 that should be made by five waves. We see current sideways price action as fourth wave so be aware of more downside as long as 1.3740 holds. Related Articles Crude oil fell sharply yesterday, it made a...
Sergey Golubev
Moderator
113440
Sergey Golubev  

Passive vs. Active Investing (adapted from forexminute article)

With so many different instruments to wager with, what is a poor boy to do?
One solution to this question as the year begins with a bang in Gold is to specify whether you are a passive or active trader. The king of passive investing is John Bogle who created funds thatimitated the large stock indexes with the observation that the marketalways outperforms the majority of professionals. As a Forex and CFD trader, you can apply this approach by buying theSP500 & DAX with us when weakness occurs with very minimal money down.

Or take the principle that currencies don’t tend to display oversold/overbought conditions a couple times of year which can be considered the currency equivalent of an investment. To use this, simply use a Bollinger Band, RSI, Stochastic.

Passive vs. Active Investing - Forex Minute - Financial News | Stock Market | Trading Commodities | Binary Options Updates - Forex Minute Portal
Passive vs. Active Investing - Forex Minute - Financial News | Stock Market | Trading Commodities | Binary Options Updates - Forex Minute Portal
  • View all of Eric Harbor's Articles »
  • www.forexminute.com
With so many different instruments to wager with, what is a poor boy to do? One solution to this question as the year begins with a bang in Gold is to specify whether you are a passive or active trader. According to Bill Gross in his recent newsletter, http://www.pimco.com/EN/Insights/Pages/On-the-Wings-of-an-Eagle.aspx The king of passive...