"The GDP estimate released today is based on more complete source data than were available for the "initial" estimate issued last month. In the initial estimate, the increase in real GDP was 2.6 percent. With this estimate for the fourth quarter, the general picture of economic growth remains the same; personal consumption expenditures (PCE), state and local government spending, and nonresidential fixed investment were revised down; imports, which are a subtraction in the calculation of GDP, were also revised down (see "Updates to GDP" on page 2)."
It is a tough job to predict the yearly forecast of a major currency
pair. It is becoming very difficult it is the most dominant and liquid
pair of EUR/USD. In spite of that, some financial events will play a big
part throughout of the year along with the monetary policy of FED and
ECB. Let drive into the details:
Nikkei 225 - daily bullish ranging; 21,842 is the key for the bullish trend to be resumed(based
on
the
article)
"The Nikkei 225’s impressive bounce from its June lows has continued. The more cautious might point to the clear reduction
in daily trading ranges seen in the past few days as evidence that the bulls are becoming less sure of themselves. That may be the
case, of course. But such narrowing is often seen before major holiday breaks and the US Independence Day holiday this week may
well explain it."
"At any rate the Japanese benchmark looks comfortably enough within its daily chart up-channel. The channel base is after
all a good way below the market now, at 21,340, with more immediate support likely closer to hand at June 20’s close of 21,458.
That point is very close to what would be the first, 23.8% Fibonacci retracement of the overall rise since June. That comes in at
21,461. That said the index has not yet quite managed to banish the possibility of a head and shoulders top formation,
even though it looks rather less likely now than it did last week. A fundamental backdrop of record Wall Street highs and the
clear post-crisis nexus between lower global interest rates and higher stock markets don’t suggest that these should be bad
fundamental times for the Nikkei."
"Of course, technically speaking the bulls still have plenty of work to do if they are to completely erase the steep falls
which took the index down from May’s peaks to the lows of early June."
----------------
The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this
post (free to download for indicators and template) as well as the following indicator from CodeBase:
Nikkei 225 - bear market rally; 16,243 is the key for the bearish trend to be resumed(based
on the
article)
"In the case of the Nikkei 225, an early barrier to a continuation higher may reside around the Fibonacci level at 20,365
which has given rise to price indecision in the past. While the zone is unlikely to make or break a stock rally on its own, its
influence over price should not be ignored as it may present an attractive opportunity to reduce or increase exposure –
depending on your directional bias."
"If bulls can retake the level confidently, subsequent resistance may come into play around the 200-day simple moving
average but risks to the rally loom large as volatility rests at historic levels."
==========
The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:
116905
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.03.28 16:10
Intra-Day Fundamentals - USD/CAD, USD/JPY and Nikkei 225: United States Gross Domestic Product (GDP)
2019-03-28 12:30 GMT | [USD - GDP]
if actual > forecast (or previous value) = 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 :
==========
USD/CAD: range price movement by United States Gross Domestic Product news event
==========
USD/JPY: range price movement by United States Gross Domestic Product news event
==========
Nikkei 225: range price movement by United States Gross Domestic Product news event
==========
Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:
All about BrainTrading system for MT5:
It is a tough job to predict the yearly forecast of a major currency pair. It is becoming very difficult it is the most dominant and liquid pair of EUR/USD. In spite of that, some financial events will play a big part throughout of the year along with the monetary policy of FED and ECB. Let drive into the details:
116905
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.07.05 09:49
Nikkei 225 - daily bullish ranging; 21,842 is the key for the bullish trend to be resumed (based on the article)
----------------
The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:
116905
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2020.03.28 12:23
Nikkei 225 - bear market rally; 16,243 is the key for the bearish trend to be resumed (based on the article)
==========
The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators: