Market Data - Financial Trading - Financial Trading http://financial-trading.org Tue, 23 May 2017 01:18:48 +0000 Joomla! - Open Source Content Management en-gb Latest €/US$ Exchange rate news (11th March 2016 10:00) http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-11th-march-2016-10-00.html http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-11th-march-2016-10-00.html Market Data
EUR/USD rallies despite radical ECB easing. Mario Draghi must be waking up wondering what he has to do to devalue the euro, with EUR/USD breaking higher despite initial losses. Interestingly, those initial losses didn’t break through $1.0808 support, yet the resulting bounce broke $1.1059 resistance – certainly a bullish move. We are...
EUR/USD rallies despite radical ECB easing. Mario Draghi must be waking up wondering what he has to do to devalue the euro, with EUR/USD breaking higher despite initial losses. Interestingly, those initial losses didn’t break through $1.0808 support, yet the resulting bounce broke $1.1059 resistance – certainly a bullish move. We are seeing the pair pullback this morning and are therefore looking for a support to instigate further gains. The obvious area of support would be the zone between the 38.2% retracement of $1.1067 and the key previous resistance of $1.1059. As such, while the short-term looks like we could see an extension of this pullback, another move back towards $1.1218 seems likely before long.
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Market Data Sun, 13 Mar 2016 00:00:00 +0000
Latest £/US$ Exchange rate news (11th March 2016 10:00) http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-11th-march-2016-10-00.html http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-11th-march-2016-10-00.html Market Data
GBP/USD breaks to new high. GBP/USD also rallied despite early weakness upon the European Central Bank (ECB) release yesterday. This means we now have a more convoluted picture, with higher highs and lower lows. However, given the recent uptrend and gradual retracement this morning, another leg higher seems likely. As such, a closed hourly candle...
GBP/USD breaks to new high. GBP/USD also rallied despite early weakness upon the European Central Bank (ECB) release yesterday. This means we now have a more convoluted picture, with higher highs and lower lows. However, given the recent uptrend and gradual retracement this morning, another leg higher seems likely. As such, a closed hourly candle above $1.4291 would provide a renewed bullish short-term view for the pair with initial resistance at yesterday’s highs of $1.4317. Key initial support is likely around $1.4230.
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Market Data Sun, 13 Mar 2016 00:00:00 +0000
Latest US$/¥ Exchange rate news (11th March 2016 10:00) http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-11th-march-2016-10-00.html http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-11th-march-2016-10-00.html Market Data
USD/JPY ranging after Fibonacci response. USD/JPY has been trading between ¥112.18 (61.8% Fibonacci retracement) and ¥114.55 over the past two weeks. Yesterday saw the pair rally heavily at first, only to sell-off once more. Ultimately, it seems worthwhile waiting for a break out of this range before we gain any solid direction. Thus we...
USD/JPY ranging after Fibonacci response. USD/JPY has been trading between ¥112.18 (61.8% Fibonacci retracement) and ¥114.55 over the past two weeks. Yesterday saw the pair rally heavily at first, only to sell-off once more. Ultimately, it seems worthwhile waiting for a break out of this range before we gain any solid direction. Thus we will be looking for bearish intraday reversal signals with any price action in the ¥114.25-114.55 zone. Conversely, bullish reversal signs around ¥112.18 should be noted. A breakout would be signaled with a closed hourly candle above ¥114.55 or below ¥112.18.
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Market Data Sun, 13 Mar 2016 00:00:00 +0000
Latest US$/C$ Exchange rate news (11th March 2016 10:00) http://financial-trading.org/financial-news/market-data/latest-us-c-exchange-rate-news-11th-march-2016-10-00.html http://financial-trading.org/financial-news/market-data/latest-us-c-exchange-rate-news-11th-march-2016-10-00.html Market Data
USD/CAD sells off from SMA once more. Wednesday’s move below C$1.3262 pointed towards a continuation of the downtrend that has been in play over recent weeks. On both Wednesday and Thursday, we saw the 50-period simple moving average (four-hour) provide crucial resistance to send the pair lower. We are currently seeing the pair respond to...
USD/CAD sells off from SMA once more. Wednesday’s move below C$1.3262 pointed towards a continuation of the downtrend that has been in play over recent weeks. On both Wednesday and Thursday, we saw the 50-period simple moving average (four-hour) provide crucial resistance to send the pair lower. We are currently seeing the pair respond to the C$1.3262 support level. Given the fact this sell-off has already significantly progressed, the risk/reward profile of any shorts do not seem worthwhile. Thus while a bearish view is in play, it makes more sense to short into rallies, with the 50-period in particular marking a notable resistance point. A break through C$1.4357 would negate this bearish view. Key support levels in the meanwhile are C$1.3262, C$1.3228 and C$1.3121.
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Market Data Sun, 13 Mar 2016 00:00:00 +0000
US$/C$ Exchange rate news (2nd September 2015 13:00) http://financial-trading.org/financial-news/market-data/latest-us-c-exchange-rate-news-2nd-september-2015-13-00.html http://financial-trading.org/financial-news/market-data/latest-us-c-exchange-rate-news-2nd-september-2015-13-00.html Market Data
USD/CAD continuation pattern points to further upside. The USD/CAD chart has become a lot more convoluted given the resurgence of oil recently. However, the strong move higher in the latter part of the US session has since brought about a pullback which looks a lot like a flag. As such, I am bullish and expect the resolution of this retracement to...
USD/CAD continuation pattern points to further upside. The USD/CAD chart has become a lot more convoluted given the resurgence of oil recently. However, the strong move higher in the latter part of the US session has since brought about a pullback which looks a lot like a flag. As such, I am bullish and expect the resolution of this retracement to be another move higher towards C$1.3324.
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Market Data Fri, 04 Sep 2015 00:00:00 +0000
€/US$ Exchange rate news (2nd September 2015 13:00) http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-2nd-september-2015-13-00.html http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-2nd-september-2015-13-00.html Market Data
EUR/USD strength under question. Yesterday did see a bounce higher in EUR/USD, yet the inability to break back above $1.133 has brought us onto a less convincing upward trajectory. The creation of a lower high and lower low is a warning sign and the move below the 50-hour simple moving average points towards a more bearish outlook. That said, I...
EUR/USD strength under question. Yesterday did see a bounce higher in EUR/USD, yet the inability to break back above $1.133 has brought us onto a less convincing upward trajectory. The creation of a lower high and lower low is a warning sign and the move below the 50-hour simple moving average points towards a more bearish outlook. That said, I would want to see a move below $1.123 to gain confidence the selling is set to return for a move back to $1.116.
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Market Data Fri, 04 Sep 2015 00:00:00 +0000
Market Comment 2nd September 2015 http://financial-trading.org/financial-news/market-data/market-comment-2nd-september-2015.html http://financial-trading.org/financial-news/market-data/market-comment-2nd-september-2015.html Market Data
Consolidation is the name of the game this morning as European equity traders lick their wounds following yesterday’s sell-off.  The FTSE remains above the 6000 level but is down 0.22% in early trade. The technical picture would suggest that this psychological level is breakable. The energy sector is in the red this morning, as oil...
Consolidation is the name of the game this morning as European equity traders lick their wounds following yesterday’s sell-off.  The FTSE remains above the 6000 level but is down 0.22% in early trade. The technical picture would suggest that this psychological level is breakable. The energy sector is in the red this morning, as oil prices spurn the recent rally and consolidate. Every other sector is finding a little relief rally after yesterday’s sell-off aided by some broker upgrades and bargain hunting within the defensive stocks. The Dax is oscillating around the key 10,000 marker and tends to beg the question whether or not we will see some dovish jawboning from the ECB – any ramping up or extension of the current QE programme is unlikely in the near term and certainly won’t take place until after the next Fed meeting. News that the ECB has fallen short to replace its maturing asset-backed debt despite fuelling efforts to buy ABS shows that the market size could soon become a broader limitation to ECB’s balance sheet expansion program. European issuance of asset-backed debt has totalled 59 billion euros so far this year, compared with the 255 billion euros raised in the same period of 2006, the busiest year for sales, according to JPMorgan. Since the beginning, it has been a known fact that the eligible asset pool would fall short of ECB’s ambitions at some point, perhaps it has come just a bit earlier than anticipated. Hence, the ECB has little manoeuvre margin, while President Mario Draghi will certainly deliver a sanguine press conference on Thursday to curb the building appetite in euro. Dovish comments from the ECB and a strong US jobs are the major downside risks for the euro market at the second part of the week. UK construction data came in lower than expected but remains above the key pivot point of 50. The sector is in recovery mode with business activity and job levels expanding. The pound has however relinquished the $1.53 level against the dollar in the immediate aftermath of the release.
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Market Data Fri, 04 Sep 2015 00:00:00 +0000
US$/¥ Exchange rate news (1st September 2015 11:00) http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-1st-september-2015-11-00.html http://financial-trading.org/financial-news/market-data/latest-us-exchange-rate-news-1st-september-2015-11-00.html Market Data
USD/JPY turns lower again for a renewed bearish outlook. USD/JPY is moving lower, following a failed attempt to break higher yesterday. The move below the ¥120.88 points towards the completion of the topping formation, and I believe we are now set for a substantial move lower in this pair. The ¥120.0 mark appears to be the next likely...
USD/JPY turns lower again for a renewed bearish outlook. USD/JPY is moving lower, following a failed attempt to break higher yesterday. The move below the ¥120.88 points towards the completion of the topping formation, and I believe we are now set for a substantial move lower in this pair. The ¥120.0 mark appears to be the next likely support level to hit, yet overall I believe we are set for a strong move lower in the coming days. A move back above the ¥120.145 mark would be needed to negate my bearish view.
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Market Data Fri, 04 Sep 2015 00:00:00 +0000
Market Comment 12th December 2014 http://financial-trading.org/financial-news/market-data/market-comment-12th-december-2014.html http://financial-trading.org/financial-news/market-data/market-comment-12th-december-2014.html
Market DataEuropean equities are set to slump on the open as overnight declines in commodities are set to batter energy and mining stocks once again.

Despite overnight gains in the US and Asia we are expecting over 1% drops for the major indices on the open. Overnight, WTI broke the $60 dollar handle and now looks quite settled below this level whilst gold, having a choppy sessions yesterday but ultimately flat on the day, is now flirting with yesterday’s lows. Better than expected retail sales data in the US spurred a rebound of 63 points in the Dow Jones yesterday.

Following a significant sell off in the previous three session, a bounce back was somewhat expected. Nonetheless the Dow has resumed its slump in afterhours trading on collapsing oil prices and renewed questioning on the strength of the global economy.

Signs the US economy remains in a healthy state have attracted buyers back into the greenback ahead of the next week’s central bank meeting. So the EURUSD pair lost 35 pips to 1.2412 amid a violent tumble in the Greek stock market.

Greek tragedy all over again or ‘this time is different’? US shale oil is really making an impact with some analysts predicting the end of OPEC as we used to know them. The war for market share is clearly trumping any concerns about price as yesterday we saw the WTI breaking below the psychologically important $60.00 mark, closing $1.99 down at $59.13 a barrel. Solid economic figures in the US triggered speculation the Fed will have to raise interest rates sooner rather than later. That in turn delivered fresh blow to gold prices which found themselves yet again under pressure. Gold is trading around $1220.00 currently after rallying to $1238.00 a few days back.
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Market Data Sun, 14 Dec 2014 00:00:00 +0000
Market Comment 11th December 2014 http://financial-trading.org/financial-news/market-data/market-comment-11th-december-2014.html http://financial-trading.org/financial-news/market-data/market-comment-11th-december-2014.html
Market DataEuropean equities are set to slide on the open once more as the risk off sentiment fails to abate. 

Steep falls overnight in the US and Asia indicate that the bears are still running rampant and certain to be active on the open. With the major European indices chopping around the flat mark for the year and prospects for the global economy looking dim next year, many traders won’t want to ruin their Christmas’s by being on the wrong side of the markets next major move so moving to cash in the short term looks like the default move. 

Amid fast declining oil prices, OPEC announced that its forecast for next year’s oil demand was downgraded sparking a sharp selloff in energy stocks. That in turn led to a significant tumble in the Dow Jones which lost 245 points to 17,544 the biggest drop since October 9. 

The shared currency continued to rebound yesterday for the third straight session, gaining 74 pips against the US dollar to 1.2447. However, this could end up being a rebound supported by profit taking as the reality indicates a divergent state of affairs on the two sides of the Atlantic and the gap is nowhere near of being addressed. It appears that Saudi Arabia is focused more on maintaining its oil market share than worrying about prices according to Oil Minister Ali Al Naimi who said ‘the market will correct itself’. In the meantime the WTI crude prices stayed on their southward trajectory posting another steep plunge of $2.11 to $61.21.

The US Department of Energy released its weekly stockpiles report showing a build of 1.5 million barrels against estimates for a drop of 2.6 million barrels. Collapsing oil prices did reignite lately scares of another old trouble - deflation, the very phenomenon that quantitative easing was trying to protect the world from. Consequently gold is also losing its appeal as a hedge, yesterday the precious metal dropping $5.5 to $$1224.7. The question is we don’t buy gold because of deflation or we buy it as a hedge against turmoil?
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Market Data Sun, 14 Dec 2014 00:00:00 +0000