broke trendline and go to 112 long position
Comment:
There aren’t many news for today which could have an effect on the dollar pairs,where the dollar is the major in a pair.I recommend that you follow our technical analysis for the day.On 29.03.2017 the National Association of Realtors(NAR) is releasing it’s monthly report for the pending home sales(excluding new constructions).For January there was an decrease to -2,8%,for February the expectations are for an increase of 2,5 % .We believe in this prediction ,because the US economy was strong in Jan. and Feb. and the consumer confidence rose to record-high levels(116,1).We recommend long positions for the usd/jpy pair .
Comment:
Fundamental analysis 30.03.2017-Ruzey invest
Today we have a lot of news on which we have to focus.The reports are mainly for the US economy,and we believe that they will drive the dollar traded pairs.The first big news is the Initial Jobless Claims report released monthly by US Department of Labor.This report includes the number of people filing first-time claims for state unemployment insurance.The report is announced weekly,and last week’s rate was 261k and the prediction for this weeks is 244k.This reduction is good for the greenback ,because there are less unemployed people which means that the economy is working more effective.The next big news for the dollar is the final GDP q/q (US).The preliminary data showed an increase of 1.9% ,expectations for the final data is for an increase of 2 % .We aren’t sure about this increase ,because when the preliminary data was announced the actual results and the expectations didn’t meet and the dollar lost a lot of value.We suggest safe trading and waiting for the actual data to be announced.(3;30 pm GMT-+2:00).The day is filled with news about the US economy,we are expecting the report for the Personal Consumption Expenditures Prices(Q4).This indicator measures the price change in consumer goods and services .Expectations are for the PCEP to be 2,1% which is higher than the q3 value (1,9%).We think that this increase is possible because the last couple of months the inflation data is good,and the CPI is also increasing.We recommend long positions on the dollar traded currencies,and especially usd/jpy
Today we have a lot of news on which we have to focus.The reports are mainly for the US economy,and we believe that they will drive the dollar traded pairs.The first big news is the Initial Jobless Claims report released monthly by US Department of Labor.This report includes the number of people filing first-time claims for state unemployment insurance.The report is announced weekly,and last week’s rate was 261k and the prediction for this weeks is 244k.This reduction is good for the greenback ,because there are less unemployed people which means that the economy is working more effective.The next big news for the dollar is the final GDP q/q (US).The preliminary data showed an increase of 1.9% ,expectations for the final data is for an increase of 2 % .We aren’t sure about this increase ,because when the preliminary data was announced the actual results and the expectations didn’t meet and the dollar lost a lot of value.We suggest safe trading and waiting for the actual data to be announced.(3;30 pm GMT-+2:00).The day is filled with news about the US economy,we are expecting the report for the Personal Consumption Expenditures Prices(Q4).This indicator measures the price change in consumer goods and services .Expectations are for the PCEP to be 2,1% which is higher than the q3 value (1,9%).We think that this increase is possible because the last couple of months the inflation data is good,and the CPI is also increasing.We recommend long positions on the dollar traded currencies,and especially usd/jpy