horizontal navi rotating-upper-open-an-account?r=6475

All banners are advertisements only. FIB does not endorse or vouch for any advertisers.

horizontal navi rotating-eisntein


Page 4 of 19 FirstFirst ... 2345614 ... LastLast
Results 31 to 40 of 188

Thread: GDMFX - Weekly Commentary

  1. #31
    FIB Gold Elite


    GDMFX's Avatar
    Join Date
    Oct 2012
    Location
    Kuala Lumpur, Malaysia
    Reputation
    Array
    Posts
    2,164
    dynamo - First and lasp post every thread AXITrader aff
    FOREX TECHNICAL ANALYSIS: INTEREST RATES AND EMPLOYMENT DATA – INGREDIENTS FOR AN ACTION PACKED WEEK

    EUR/USD


    Forex Technical Analysis: The Fed ended their stimulus program last week and although this was anticipated, the event still generated huge US Dollar strength, putting the bears in control of the pair’s direction. An important role in last week’s descent was also played by the disappointing Euro Zone inflation numbers.



    Technical Outlook

    The pair remains under pressure and we expect the downside to prevail this week as well but we must note the oversold condition of the Relative Strength Index and the immediate support located at 1.2500. These factors could trigger moves to the upside, with 1.2620 being the first resistance. Even if the RSI is trading in oversold territory, it is angled downwards, suggesting that another push lower could be made this week; the next support is located at 1.2280 but a touch of this level will depend on the fundamental events scheduled this week.

    Fundamental Outlook

    The first notable event of the week is the Monday release of the American Manufacturing PMI, a survey of purchasing managers which acts as a leading indicator of economic health and optimism. Tuesday the US Trade Balance is released (difference between imported and exported goods) and Wednesday the first US employment data will come out in the form of the ADP Non Farm Employment Change which is a report released by a privately owned company.

    The focus will shift towards the Euro Thursday for the Interest Rate decision and the ECB Press Conference. Although no change is expected for the Interest Rate, Mario Draghi’s comments and attitude will surely generate some volatility and strong movement.

    The final event of the week is scheduled Friday and it’s the most important American employment data: the US Non Farm Employment Change (also known as Non Farm Payrolls). The report shows how many new jobs were created during the previous month and has a tremendous influence on the greenback as more jobs suggest that consumer spending may increase in the near future.


    GBP/USD

    The United Kingdom didn’t release major news last week but US Dollar strength generated by the Fed decision to end the QE program took the pair lower after a bounce at resistance.



    Technical Outlook

    Last week was bearish but the important support at 1.5900 may hinder further downside movement. Adding to this, the Relative Strength Index is hovering close to the 30 level on a Weekly chart, a thing which suggests oversold and thus increases the chances of bullish movement. Although there are some bullish signs, if 1.5900 support is broken, the move may extend into 1.5750 which is the next weekly support.

    Fundamental Outlook

    The British Manufacturing PMI is Monday’s main event for the Pound, followed Tuesday by the Construction PMI and Wednesday by the Services PMI. These are leading indicators of economic health for their respective sectors thus higher numbers than anticipated will have a positive impact on the Pound. Thursday the Bank of England will announce the interest rate, with no change anticipated but any speculation about a possible change could greatly affect the pair so caution is recommended. Throughout the week price action will be directly affected by the US releases as well.


    Written by: Bogdan Giulvezan

    The article above is based on the writer’s 5-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

    Source of article from the [Only registered and activated users can see links. ]

  2. Under 1st Post -dynamo
  3. #32
    FIB Gold Elite


    GDMFX's Avatar
    Join Date
    Oct 2012
    Location
    Kuala Lumpur, Malaysia
    Reputation
    Array
    Posts
    2,164
    FOREX TECHNICAL ANALYSIS: OVERSOLD CONDITION CALLS FOR BULLISH MOVEMENT

    EUR/USD


    Forex Technical Analysis: The pair just finished another week controlled by the bears on the back of Euro weakness generated by Mario Draghi’s renewed commitment to use additional stimulus measures if the risk of deflation persists. On the other hand, the US Dollar was negatively affected by the NFP release and some of the pair’s losses were erased Friday.



    Technical Outlook

    During the week the pair broke 1.2500 support but Friday we saw bullish action and the weekly candle now has a long wick which suggests indecision. The Relative Strength Index on a weekly chart is below the 30 level, indicating an oversold condition but it is still pointing downwards and the pair is in a strong downtrend so we expect further bearish action. If the pair will remain below 1.2500, the first potential support is located at 1.2360 followed by 1.2280.

    Fundamental Outlook

    There are no important economic releases Monday and the same is true for Tuesday when US Banks are closed, celebrating Veterans Day. Euro Zone’s Industrial Production numbers are released Wednesday and Thursday the main event will be the American Unemployment Claims but this is often overlooked by market participants because it is an indicator which is released every week.

    Friday a more important indicator is released by the United States: the Retail Sales. The importance of this indicator comes from the fact that sales made at a retail level account for a hefty part of the entire economic activity and a higher value suggests a thriving economy. The same day the Euro Zone Gross Domestic Product is announced, showing the overall performance of the European economy.


    GBP/USD

    The British economy posted worse than expected numbers overall and the Pound weakened against the US Dollar for another week. Price rebounded higher during the last day of the week on the back of US Dollar weakness.



    Technical Outlook

    The pair is headed towards the support at 1.5750 and we expect a bounce higher once and if price gets there. The Relative Strength Index is just crossing the 30 level downwards on a weekly chart but it has been hovering close to this level for a long while so a touch of support combined with an oversold condition of the indicator will probably push the pair higher.

    Fundamental Outlook


    Wednesday is the busiest day for the Pound as the Claimant Count Change is announced and Bank of England Governor Mark Carney will hold a press conference discussing the Inflation Report released the same day. This Report contains the Bank of England’s economic outlook and inflation forecast for the next 2 years and usually has a high market impact so caution is recommended. As always, the US events will have a direct impact on the pair’s movement throughout the week.


    Written by: Bogdan Giulvezan

    The article above is based on the writer’s 5-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

    Source of article from the [Only registered and activated users can see links. ]

  4. #33
    FIB Gold Elite


    GDMFX's Avatar
    Join Date
    Oct 2012
    Location
    Kuala Lumpur, Malaysia
    Reputation
    Array
    Posts
    2,164
    FOREX TECHNICAL ANALYSIS: OVEREXTENDED PRICES CALL FOR BULLISH RETRACEMENTS

    EUR/USD


    Forex Technical Analysis: Last week was characterized mainly by indecision and sideways price action and the pair traded inside a horizontal channel for most of the time. A breakout only occurred during the last day of the week, marking the end of the ranging period.



    Technical Outlook

    Although the pair broke resistance, the main trend is still bearish and we anticipate further downside movement after a bullish retracement is completed. An important area is located around 1.2620 as we have three types of resistance there: diagonal resistance represented by the bearish trend line seen on the chart above, dynamic resistance represented by the 50 day Exponential Moving Average and horizontal resistance represented by the level at 1.2620. If this zone can be broken to the upside, it will be an indication of bull strength and price is likely to travel towards 1.2750; otherwise, 1.2360 will be the week’s target.

    Fundamental Outlook

    Monday ECB President Mario Draghi will testify on Monetary Policy before the Committee on Economic and Monetary Affairs. This event is likely to generate a strong market response since all Draghi’s public speeches are important but this appearance holds extra importance due to the fact that monetary policy will be discussed. The German ZEW Economic Sentiment survey is released Tuesday, showing the level of optimism among German analysts and professional investors and the same day the American Producer Price Index comes out, tracking changes in prices charged by producers.

    Wednesday’s main event is the release of the FOMC Meeting Minutes which will contain insights into the reasons that stood behind the latest Fed decision regarding monetary policy and interest rates. Thursday the focus remains on the United States for the announcement of their Consumer Price Index and the economic week finishes Friday with another Mario Draghi speech at the 24th European Banking Congress, in Frankfurt.


    GBP/USD

    The Pound weakened throughout the week that just ended as the British economy showed signs of slowing down and inflation expectations dropped. Support was broken and the pair printed another low of the year.



    Technical Outlook

    The downtrend is strong and further bearish price action is expected but the pair is overextended as shown by the oversold condition of the Relative Strength Index on a Weekly chart. Support sits at 1.5590 but we favor bullish retracements before the downside can prevail. The resistance at 1.5750 is the first bullish target, followed by 1.5900 and the Daily chart shows bullish divergence (price is printing lower lows while the RSI shows higher lows), supporting this upside bias.

    Fundamental Outlook

    The main gauge of British inflation is released Tuesday: the Consumer Price Index. Inflation is highly correlated with the Pound’s strength and weakness will likely be seen if the CPI value will be lower than anticipated. Another important event is the announcement of the Monetary Policy Committee’s votes on interest rate, scheduled Wednesday. This is a good opportunity to see if some of the members are changing their stance regarding a change of the interest rate and usually volatility is present only if one or more members changed their vote. Thursday the British Retail Sales come out and this is another reason for increased volatility and Pound fluctuation. As always, the US events will have a direct impact on the pair’s movement.


    Written by: Bogdan Giulvezan

    The article above is based on the writer’s 5-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

    Source of article from the [Only registered and activated users can see links. ]

  5. #34
    FIB Gold Elite


    GDMFX's Avatar
    Join Date
    Oct 2012
    Location
    Kuala Lumpur, Malaysia
    Reputation
    Array
    Posts
    2,164
    FOREX TECHNICAL ANALYSIS: CONCERNS OF LOW INFLATION WEAKEN THE EURO

    EUR/USD


    Forex Technical Analysis: Last week the pair had mixed up and down movement until the final trading day when Mario Draghi’s speech triggered substantial Euro weakness and a sharp drop. The ECB President commented that inflation expectations reached “excessively low” levels and the market impact was immediately seen.



    Technical Outlook

    For this week we expect further downside movement generated by Mario Draghi’s comments and by the overall negative sentiment surrounding the Euro. The first lower barrier is located at 1.2360, followed by 1.2280 but the Relative Strength Index is moving below its 30 level. This suggests that bullish retracements can occur but in strong trends the indicator can remain oversold or overbought for a long time without price reversing. If the pair starts to move north, the first resistance is located at 1.2620.

    Fundamental Outlook

    The first important event of the day is scheduled Monday: the German IFO Business Climate Survey which is derived from the opinions of about 7,000 businesses and acts as a leading indicator of economic health. The American Preliminary Gross Domestic Product will be released Tuesday and because this is the main gauge of an economy’s performance, better than expected numbers will most likely strengthen the US Dollar.

    Wednesday we have the American Durable Goods Orders and Thursday US Banks will be closed, celebrating Thanksgiving Day. This will generate irregular volume and mixed volatility thus caution is highly recommended. Friday’s main event will be the European CPI release which is the main gauge of inflation. Considering how strong the Euro moves whenever inflation is discussed, this event will probably have high market impact.


    GBP/USD

    Although the British economy showed a higher CPI and better than expected Retail Sales, the pair just finished another bearish week. However, the downside momentum is fading away and the US Dollar didn’t make significant advances.



    Technical Outlook

    Last week ended lower than it begun but the weekly candle shows long wicks on both its upper and lower parts. This is a sign of indecision which combined with the oversold condition of the Relative Strength Index can trigger upside movement. If this is the case, the first resistance is located at 1.5750; if 1.5590 support can be broken, the door will be open for the next level, located at 1.5420.

    Fundamental Outlook

    Governor Mark Carney will speak Tuesday in London, at Parliament’s Treasury Select Committee hearing. This is expected to be an event with high market impact so use caution if trading during the speech. The other important event of the week is scheduled Wednesday in the form of the British Second Estimate Gross Domestic Product. Although this version is not as important as the Preliminary, it still has the potential to affect the Pound strongly. As always, the US events will have a direct impact on the pair’s movement.


    Written by: Bogdan Giulvezan

    The article above is based on the writer’s 5-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

    Source of article from the [Only registered and activated users can see links. ]

  6. #35
    Newbie


    Join Date
    Apr 2014
    Reputation
    Array
    Posts
    10
    does anoyone having a great trading system using economic condtions

  7. #36
    Newbie


    Join Date
    Apr 2014
    Reputation
    Array
    Posts
    10
    hi everyone i'm a newbie in forex industry...

  8. #37
    Newbie


    Join Date
    Apr 2014
    Reputation
    Array
    Posts
    10
    i'm seeking help which books to read and starty earning from forex any ideas are appreciated...

  9. #38
    FIB Gold Elite


    GDMFX's Avatar
    Join Date
    Oct 2012
    Location
    Kuala Lumpur, Malaysia
    Reputation
    Array
    Posts
    2,164
    OREX TECHNICAL ANALYSIS: PRICE ACTION AFFECTED BY THE APPROACHING OF THE WINTER HOLIDAYS


    EUR/USD


    Forex Technical Analysis: The ECB Press Conference and the American Non Farm Payrolls were last week’s high impact events and each one of them strengthened their respective currency. Mario Draghi mentioned the ECB is not going to add further stimulus at their latest meeting and the US Dollar benefited from improved employment data.



    Technical Outlook

    The latest economic data favors the greenback and the pair’s bearish impulse is likely to continue throughout the week that has just begun. The support at 1.2280 rejected price the first time it was touched last week but now the bears are trying to break it again; if this attempt doesn’t result in a clear break, the pair is likely to enter a ranging period, considering the fact that the Winter Holidays are approaching and volume might drop. A break of 1.2280 would open the door for a move into the next major support located at 1.2040.

    Fundamental Outlook

    We have a light week ahead of us in terms of economic data but here are some of the events with potentially high impact: Monday the Eurogroup meetings take place, followed Tuesday by the ECOFIN meetings (attended by finance ministers from the EU member states). Wednesday no major events are scheduled but Thursday will be the busiest day of the week as the ECB will announce the total value of money they will create and use to provide loans to Eurozone banks. The US Retail Sales are released the same day and this can have a strong market impact as sales made at a retail level represent a hefty part of overall economic activity.

    Friday the focus remains on the United States for the release of the American Producer Price Index, an indicator which shows changes in the price charged by producers for their goods and services, This indicator has inflationary implications because a higher price charged by producers will be eventually passed on to the consumer. The same day the University of Michigan will release their Consumer Sentiment survey; this is a leading indicator of consumer spending because a consumer that is confident in economic and financial conditions is likely to spend more.


    GBP/USD

    The pair ranged for the most part of last week but US employment numbers which came out much better than anticipated, strengthened the US Dollar and helped the bears to finish the week below support.



    Technical Outlook

    The support at 1.5590 was broken during the last day of last week but before we can consider this a true break and a resumption of the downtrend, we need to see a retest from below of the broken level. If it occurs, this retest will most likely be seen on the lower time frame charts like hourly or four hours. From a daily perspective the Relative Strength Index doesn’t show an extreme condition so bearish movement can continue. Bullish retracements may find support at 1.5750 while next support is located at 1.5420.

    Fundamental Outlook

    Similar to the Euro and US Dollar, the Pound has a slow news week ahead. Tuesday the British Manufacturing Production comes out, showing the change in the total value of output produced by manufacturers and the same day, the NIESR Gross Domestic Product Estimate is revealed. Although this is just an estimate, the impact can be a big one, considering that GDP is an economy’s main gauge of performance. As always, the US events will have a direct impact on the pair’s movement.
    Last edited by GDMFX; 12-09-2014 at 12:24 AM.

  10. #39
    FIB Gold Elite


    GDMFX's Avatar
    Join Date
    Oct 2012
    Location
    Kuala Lumpur, Malaysia
    Reputation
    Array
    Posts
    2,164
    Quote Originally Posted by sidhant50 View Post
    i'm seeking help which books to read and starty earning from forex any ideas are appreciated...
    Dear sidhant50,

    Sorry for the late reply!

    If you are looking for some technical knowledge in learning Forex, you can actually refer to the GDMFX's [Only registered and activated users can see links. ] which inside covers lots of Forex knowledge for both newbies and experienced traders. All you need to do is exploring the webside=)

  11. #40
    FIB Gold Elite


    GDMFX's Avatar
    Join Date
    Oct 2012
    Location
    Kuala Lumpur, Malaysia
    Reputation
    Array
    Posts
    2,164
    box - einstein 250x250
    FOREX TECHNICAL ANALYSIS: LAST FULL ECONOMIC WEEK AHEAD OF CHRISTMAS HOLIDAYS


    EUR/USD


    Forex Technical Analysis: Last week was mostly controlled by the bulls after the bears made another attempt to break 1.2280 support. The single bearish day was Thursday when the US Dollar strengthened on the back of a better than anticipated reading of the US Retail Sales.



    Technical Outlook

    Price is likely to continue on an upward path until the 50 period Exponential Moving Average on a daily chart is touched. We expect some bearish movement to happen there as the moving average will probably offer resistance. A move past this line will make 1.2600 the immediate target for the pair, while a bounce lower will take price back into 1.2360 support. The winter holidays are approaching and volume is likely to drop, making price action irregular and harder to anticipate.

    Fundamental Outlook

    The French and German Flash Manufacturing PMIs are released Tuesday, showing the opinions of purchasing managers from the manufacturing sector regarding business and economic conditions. The same day the German ZEW Economic Sentiment Survey is released; the indicator is derived from the opinions of German professional investors and analysts regarding economic health and usually has a high impact on the Euro.

    Wednesday is the week’s most important day for the US Dollar as the US Consumer Price Index is released, followed later in the day by the Fed Interest Rate which will be accompanied by a FOMC Statement and a FOMC Press Conference. Almost always this cluster of events creates strong moves so caution is recommended.

    The German IFO Business Climate, another report focused on economic conditions, is Thursday’s main event while Friday will be a slow day in terms of economic releases.


    GBP/USD

    Similar to the Euro, the Pound gained against the greenback and the pair had a bullish week following a failed attempt to break support. The week was lackluster in terms of economic releases for the Pound.



    Technical Outlook

    The support at 1.5590 was tested several times but the bears failed to break it decisively. This shows that we are dealing with a very strong level which may push price higher for a stronger retracement. However, the resistance at 1.5750 is also strong and it can push price lower, especially considering the fact that we are still in a downtrend. If price moves above resistance without any more tests or bounces, it will probably continue upwards for an encounter with the 50 period Exponential Moving Average.

    Fundamental Outlook

    Bank of England Governor Mark Carney is scheduled to speak Tuesday during a Press Conference focused on the BoE Stability Report released earlier the same day. The conference will be followed by the release of the British Consumer Price Index which is the main gauge of inflation and holds a great importance to short and medium term price action.

    Wednesday the result of the Monetary Policy Committee votes is made public, showing if the members’ stance regarding the interest rate has changed. The Claimant Count Change is released the same day, showing how many people applied for social help related to unemployment. The last important event of the week is the British Retail Sales, scheduled Thursday and as always, the US events will have a strong and direct impact on the pair’s movement.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
footer - open-an-account