British national GDP was released at the level -0.4% (MoM) or +1.3% (YoY) . Manufacturing has declined to 3.9%, that had the strongest impact on the fact. Production was released at -2.7%. Trade balance in April was released at -12.11 B, which is slightly better than the forecast (-13.10B) but we still see the deficit. On Tuesday economists are expecting the...
Hey everyone, it's been a long time since I've done a market video. Checking in on the markets and the setup we've got heading into next week
This week everybody is expecting the Japanese national GDP . The forecast is +0,5% QoQ or +2,1% YoY. Let’s try to understand if the forecast is realistic or not. GDP could be counted by summarizing consumption, trade balance, investments and governmental spending. Looking at Japanese retail sales (consumption) YoY for the 1-st quarter you may see that it is...
ADP Nonfarm in the US was released on Wednesday at a very low level. In fact, this is the lowest levels of NFP from ADP since 2010. The biggest fall is in the construction field (-36 000). Challenger job cuts in May was released at 58.6K (the previous fact for April was 40K). According to ISM Manufacturing PMI, ISM Manufacturing Employment for May was better...
On Tuesday European CPI was published. Inflation in the Eurozone is slowing down – the preliminary fact for May was +1,2% (the previous fact was +1,7%). On Thursday, we are expecting the ECB’s meeting. ECB is going to make a decision about the interest rate. Analysts expect that the interest rate will remain at the same 0% level. Consequently, we have to listen...
Japanese Manufacturing PMI was released on Monday. The fact was a little bit better than the forecast. The actual data is 49,8 against the forecast 49,6. The index is around its crucial 50 level, but still below it, which means that the situation in the economy is close to a recession. American ISM manufacturing PMI changed negatively too. The fact for May was...
The New Zealand dollar is falling down against euro during last 5 weeks. Right now, the pair is approaching the resistance level. Fundamentally next week the most interesting news is published in Eurozone. On Tuesday CPI is published. The forecast is +1,4%. Retail sales are published on Wednesday. Consumption in eurozone is around zero level and economists are...
As we already mentioned about a week ago USD/CAD reached its resistance zone. In our opinion this cluster zone is situated between 1,34940 and 1,35024. Now we see the reversal signals to sell the US dollar. Fundamental Analysis On Thursday, the BoC made a decision about the interest rate. It decided to leave the interest rate at the same level. Here are the key...
Fundamental Analysis United States: 30-year mortgage rate remained stable – 4,33%. Mortgage applications decreased by 3,3%. Tomorrow, May 30th, the US national GDP is released. The forecast is close to the previous fact (+3,1%). Technical analysis On daily TF the trend is bullish – 200-EMA is moving up. The local trend line was heading down – the pair...
Despite the bad situation with Swiss retail sales, national GDP for the first quarter rose by +0,6% quarter on quarter and by +1,7% year on year. Swiss Federal Statistical Office stated: “Private consumption (+0.4%) saw slightly above-average growth for the first time in six quarters. Consumption expenditures increased in almost all segments and most significantly...
Today is holiday in the US (Memorial Day) and in the UK (Spring Bank Holiday). This means that volatility on the FOREX market should be extremely low. As a result, it is better to be careful and maybe refrain from active trading operations. This is good in a way because it gives us an opportunity to analyze the current situation better. Fundamental Analysis: The...
All details in the video, let me know if you have any questions, thanks :)
All details are explained in the video, don't hesitate to leave your comments below, thank you!
Have a great day all
Have a wonderful day all
Fundamentals with proper charting is the best way to identify good risk reward setups for investing.
Trading negotiations between the US and China have placed the Japanese currencyunder pressure. Japanese household spending on Thursday the 9-th rose (the fact is+2,1% against the forecasted +1,7%). Right now, the Swiss franc is rising against the Japanese currency. Is it time for a fullcorrection or it’s just a ‘bearish flag’? Technical analysis 1D TF - price...
Macro-economic Overview Essentially, it’s looking like the bear market is becoming more probable month after month. Tons of macro-economic bearish signals: Euro economies taking hits (Germany narrowly avoided a recession last quarter but has seen 0 growth; UK recession looming as well especially w/ no Brexit deal) We’re currently in the longest US economic...