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10-12-2015, 08:39 PM, (This post was last modified: 11-07-2016, 02:43 AM by ValdisTF.)
#1
resim




Australian Dollar notably gained strength 

Deficit of foreign trade in Australia continued to increase in August as said in official report. On the other hand, Reserve Bank of Australia carries out a dialogue about moderate increase of Australian economics as the analysists of Fort Financial Services report.
Also RBA noted the presence of idle production assets that is still considerable. Additionally, It is worth noting the mild financial situation on the world financial markets. 

By the end of last week Australian Bureau of Statistics announced that the level of mortgage loan in August increased by 2.9% that is less by 5.0% from expected growth.  Loan had decreased by 0.3% in July, level of which was reconsidered not in favor of increase by 0.3% that had been announced earlier.
Meanwhile, the currencies of Australian Dollar continue its strengthening in medium term trend. 

 Slight correction of AUD amid falling of oil currencies only led to appearance of strong buyers on the market while next strong rise of “black gold” helped to renew its next weekly maximums and gain strength in the area of strong resistance levels of 0.7300 and 0.7350.

 It is worth noting that AUD continues the extension of structure of increase in relation to its American “associate”. The level of 0.7400 is considered as the aim of increase.  This level must be seen as correction as said by analysts of Fort FS. Then there will be falling to 0.7150.   
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10-20-2015, 08:54 PM,
#2
After the release of the data on labor market in the United Kingdom last week the British currency gained a considerable momentum. Analysts from Fort Financial Services announce that the unemployment rate in the country dropped to the minimum level of the past seven years. Quotations of the pound against the dollar will continue to strengthen as the Bank of England, will most probably, increase the interest rate earlier than expected by the market.

Since the beginning of 2015 the currency has cheapened by 3% against the US dollar due to the change of the predicted date to increase the interest rate by the British Central Bank for the first time in eight years. Market participants now expect this to happen only after December next year. However, it is also expected that the British Central Bank will pass to the stricter monetary policy in the first quarter of 2016. According to the statement by Philip Moffitt “the market quite underestimates this risk”.
At the beginning of the week investors were selling the dollar against the pound and on Monday, the pair went up by a few points to 1.5491, say the analysts from FortFS.
Trading recommendations
Is expected a short-term drop of the pair to the price 1.5410. If sellers will manage to break through this support level, the drop will continue to 1.5340 and then further to 1.5270. The alternative would be the increase to resistance at 1.5550 and then further to 1.5610.
The review was prepared by the analysts from Fort Financial Services
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10-21-2015, 09:47 PM,
#3
The Euro froze while awaiting the decision of the European Central Bank

The lack of positive dynamics in the level of consumer inflation in the euro zone have led to new discussions about the possibility of expanding the current stimulating measures by the European Central Bank. After the speech of E. Nowotny, a member of the board of the ECB, in which he said that the Central Bank needs additional tools to run inflation, the European currency turned down and still remains under strong pressure.
The euro has weakened against the dollar which lost its growth potential during the overall disappointment that the Federal Reserve is not planning to increase the interest rates not only in 2015 but, most probably, not even in the first half of 2016. Analysts from Fort Financial Services believe that, if the dynamics of the world economy’s development slowdown then the increase of interest rates should not be expected in the next two years.
Direction of the euro is dictated by the investors expecting the meeting of the European Central Bank committee which will be held this week. In September, the drop of the black gold’s price brought deflation to the euro zone. Some observers argue that due to the latest statistical data the ECB, as a result, may decide to expand or extend the program of acquisitions.
On the meeting’s eve traders are selling the euro because of the concern that the president Draghi will say or decide on something that will confirm the further ease of the banking policy. September ended up being very difficult for the European economies due to low industrial production and factory orders. This fact has led to a decrease in activity in the manufacturing sector and the service sector, which only increases the need for further monetary easing by the ECB. Moreover, inflation is still critically low, and, as reported by the board member of the European Central Bank Nowotny last week, "regarding the inflation rate, the target is likely to be missed."
Based on the reduced industrial orders, decreased Chinese demand which is expensive for the euro, the possible slowdown in the German economy and the whole of the euro zone and in this case the Central Bank will be obliged to seriously consider expanding the current incentive program.
Analysts from FortFS note that in December, the Central Bank will announce of the expansion of the current quantitative easing program. In this case the common currency will fall under pressure and will continue to drop against the main currencies whereas the opposite declarations may support the euro.
The review was prepared by the analysts from Fort Financial Services
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10-27-2015, 08:17 PM,
#4
Fundamental analysis of the global markets from Fort Financial Services
The European markets are falling the second day in a raw due to the weakened shares of the extracting and processing sectors because of the slow Chinese economy and weak commodity markets. While waiting for the outcomes of the several global banks’ meetings and further discussion on incentive measures, investors do not take any active actions. Yesterday, the markets dropped from the two-month maximums ending the last week’s volatility. Today, Europe started the trades from a drop. The German index DAX, showing 12% this month, today lost -0.09%; the French CAC 40 fell by -0.23%; the British FTSE 100 is also traded with a drop by 0.34%.
Apart from the intense news streaming this week, markets ‘attention will be concentrated on the meetings of the bank of Japan as well as the Federal Reserve System. The Federal Reserve will announce again its decision regarding the basic interest rate and will release the corresponding comments. The chance of increasing the interest rate in the USA tomorrow, Wednesday, is very small and is less than 5%. The market has rated high enough the possibility of expanding the stimulating program by Japan, as evidenced the large-scale strengthening of the dollar against the Japanese currency from 119.00 to 121.40. However, the latest reports showed that the chances of such a decision have considerably dropped which evidenced the strengthening of the yen from 121.40 to 120.43.
The Asian markets, during the Tuesday’s session, were also traded with a minus. Analysts say that there are no any obvious reasons for the drop of the Asian markets. Probably, on the eve of the central bank’s meetings, investors, anticipating the inevitable market volatility, prefer to fix their positions before the news release. The main index of the Chinese market, Shanghai Composite which was falling the largest part of the day has symbolically strengthened by +0.14%, the Japanese Nikkei lost -0.90%. During the last trading session the Asian index MSCI has dropped by 0.7%.
Yesterday, the American markets closed in the negative sector with inconsiderable losses. The large index of the American market SP 500 lost a symbolical -0.19%, the index DOW was closed with -0.13%, Nasdaq has added +0.06%. The reports on high-tech and IT sectors of the USA are still in progress. Today, the market’s attention will be concentrated on Apple’s corporate report. Futures on the American indices today, are neutrally traded losing from -0.2% to -0.9%.
resim


Based on the disappointing data on the new home sales, the US dollar has lost some of its positions on the FOREX market. However, the dollar index indication the currency’s strength against the basket of the major currencies, managed to strengthen back to the level of 96.91.
The European currency managed to regain some of its losses and come back to the level of 1.1044.
resim


The market review was prepared by the analytical department of Fort Financial Services
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12-09-2015, 08:38 PM,
#5
Oil quotes are dropping
Monday was marked by the fall of oil futures based on the fact that OPEC left unchanged its production despite the fact that in the global market there is now a surplus of supply. As the analysts from Fort Financial Services note, the “Brent” oil price reached the minimum level of over 6.5 years.
OPEC countries have not been able to reach a consensus on the issue of reducing the excess on the world oil market when the prices fell by more than 60 percent since last June. As a result of this, most probably, oil prices will continue to drop.
The production volume of the "black gold" of the 12 member countries, in November, was about 31.5 million barrels per day. The supply of this raw material on the global market exceeds its demand which is caused by the extraction of this raw material in the USA and the refusal by the OPEC, in 2014, to reduce the production volumes. The discussion of quotas which amounts to 30 million barrels a day and are increasing for the past year and a half, was decided to be considered next year during the June meeting. According to the Iranian Oil Minister Bijan Zanganeh, this decision could mean that "everyone can do whatever they want." Mr Zanganeh accounts the supply excess to be 2 million barrels a day. Also, it is known that Iran intends to increase oil extraction as soon as the international sanctions are lifted.
At the moment, investors have focused on the new data for the week regarding the oil reserves volumes wanting to know the demand in the USA as the major consumer in the world. These data should be released on Wednesday, and is expected, to show an increase for the past week by 100000 barrels. The indicator of oil reserves in America is increasing for the past ten weeks and is now at the maximum of this season and for the past 80 years.
Analysts from FortFS note that the futures on WTI with delivery in January closed the Tuesday’s trades at $38.01/barrel; at the same time, “Brent” with delivery in January rose by 0.70% and its price is $40.46/barrel.
MACD is in the negative zone and below its signal line. The price and the histogram move synchronically.
Stochastic Oscillator is oversold. % K line is located above the line D%, and both curves move upwards. When the indicator leaves the oversold zone, a signal for a buy position will be formed.
Resistance levels: 42.00, 43.50, 45.00
Current price: 40.21
Support levels: 40.40, 38.80
Trading recommendations:
If the bears will be able to strengthen the quotes below the level of 40.40, the decline will continue in the area of 38.80. If the bulls manage to fix the quotes above 40.40, the growth will continue to 42.00 and further to 43.50.
The review was prepared by the analysts from Fort Financial Services
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01-06-2016, 10:11 PM,
#6
The pair USD/CAD has grown

As the analysts from Fort Financial Services note, for the past four sessions, the pair USD/CAD was traded in the side corridor which for this pair became normal. Only on the Tuesday’s session the pair exited this corridor upwards.
It should be noted that last year, in September, November and December, the Canadian currency was traded against the “bucks” in a range of 120 p and it lasted for two weeks and even more.
A fundamental hope for the further growth of the monetary instrument in the near future remains. A sequence of statistical data is expected this week among which, of the main interest, is the dynamics of the increasing vacancies as well as the December unemployment rate in the country of the maple leafs. Apart from this, on Friday, the market expects the release the Non-Farms data in the USA.
It is commonly known that the main factor affecting the rate of the Canadian dollar is the oil price. As at the moment nothing indicates the regrowth of the raw material prices, the strengthening of the Canadian dollar should not be expected as well as the weakening of the pair USD/CAD. The refusal of the organization of petroleum exporting countries to reduce the production quotas and the future return of Iran to the oil market after the sanctions’ lifting continues to pressure the “black gold’s” prices and, as a result, suffer the currencies depending on the oil prices.
In addition, in 2016, two more increases in interest rates by the Federal Reserve are expected. According to the analysts’ forecasts it will happen in June and December. The results after the holiday week will give reasons to support or disproof the forecasts regarding the key interest rates. Obviously, the main attention will be directed to the report of the US labor market. It is believed that the number of employed people, not taking into account the agricultural sector, will consist 200 thousand whereas the unemployment rate will remain unchanged- 5%. An increase in the annual salary is also expected. Nevertheless, the market participants do not expect something that could change the decision of the US regulator.
The specialists from FortFS suppose that the monetary pair USD/CAD will remain in the range 1.3800-1.4000. On the 1 Day graph nothing new is observed, the pair is still below the trend line however above the minimum near 1.3800. The long term growth of the pair which started in mid-October still remains.
The 4-hour graph shows that after approaching the level of 1.4000 the tool has dropped. However, after testing the level of 1.3900 the pair returned to the area of 1.4000. The growth tendency is quite low. Generally speaking, after testing the maximums in December the movement looks like a correction but not finished due to the fact the pair is traded in the range. A strong support at 1.3900 may remain.
The further situation of the monetary pair USD/CAD will be presented on the website https://www.fortfs.com/ru/analytics/technical.
 
MACD is in the positive zone. The histogram is growing, showing the increased volatility.
The stochastic is growing approaching the area of 80. The signal lines are directed upwards.
Resistance levels: 1.4000, 1.4100
Current price: 1.4000
Support levels: 1.3900, 1.3800, 1.3700
Trading recommendations
The first target of the “bears” is the support at 1.3900 and the next one- 1.3800. If the pair’s growth continues, at the breaking through the resistance at 1.4000 the bulls will target to 1.4100.
The review was prepared by the analysts from Fort Financial Services
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01-13-2016, 11:51 PM,
#7
Brent oil is traded above $30 per barrel


On Tuesday, the Brent oil dropped by 2.35% to $30.81 per barrel as a result of the collapse to the session’s minimum $30.77, the lowest mark starting with April 12 years ago, say the analysts from Fort Financial Services. It should be noted that previously, the oil prices fell in the moment to $ 30.55 per barrel due to the concerns about the situation of the Chinese economy. This has strengthened the assumption that the world’s oversupply will last longer than expected.
From the beginning of the year, the quotas have dropped by 17% because the crisis on the Chinese stock market as well as the sharp devaluation of the national currency has unbalanced the market mood. The traders are worried that the crush on the market may spread on other sectors of the Chinese economy and will weaken the Chinese demand for the “black gold” in the future. Chine is considered to be the second largest oil consumer after America and considerably influences the level of interest to purchase it.
Apart from that, the price drop was also influenced by the increased oil production in Iran and the panic caused by the events on the Chinese stock exchange. The Chinese government oil company said that Iran is slowly increasing the production volumes before the sanctions’ lifting. The experts predict the drop in the country’s economic development to 6.5% a year which causes the capital outflow. In addition, the restrictions for the purchase of the foreign currency for individuals and legal persons and entities pump the situation. The traders are concerned that decrease in the slowdown in the China’s GDP growth will bring to the decreased demand for the raw material and, accordingly, to its quotes.
For the growth of oil prices, new incentives are required. It should be noted that while the panic dominates the stock market the prices will continue to fall which is positive factor for the bears. Also, in the short-run, an impact on oil quotes will have the statistics on the actual oil inventory of the US which are likely to increase. The analysts from FortFS announce that on the Brent oil graph (monthly) a downtrend is observed.
The way the events affect the Brent oil prices you may find on the website:

https://www.fortfs.com/ru/analytics/technical.


The MACD is still in the negative territory, the signal line is within the histogram limits. MACD continues to decline, showing the continuation of the bearish sentiment.
The stochastic approaches the oversold territory. The oscillator generates a sell signal.
Resistance levels: 31.80, 33.60, 35.20
Current price: 30.75
Support levels: 30.00, 28.40
Trading recommendations:
For the bears, the main goal is the key level of 30.00. If this level is passed, the quotations may fall to the historic lows at 28.40. In the case of return to a bull market, and the breakthrough of the resistance at 31.80, the prospects for the oil prices improve. The objectives of the corrective upward movement will be the levels 33.60 and 35.20.
 
The review was prepared by the analysts from Fort Financial Services
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01-25-2016, 08:50 PM,
#8
Common analysis of FX market on Asian trading session for 25.01.2016


Today, after opening of currency market, USD weakened in regard to most currencies. Thus USD went down about JPY, GBP, EUR, AUD и NZD.
Oil continues to grow. Thus trading of Brent oil goes on above 32 USD and now is on 32.72.
There is growing in stock market of Asian-Pacific region. Today trading of all indexes takes place in green zone. Investors continue to buy stocks that became cheaper after several weeks of falling related to fall of oil prices and problems in Chinese economy.
Today, amid the oil price rising, the price of energy companies stocks continues to rise. Also investors are awaiting that world central banks will conduct programs of monetary easing to back up the economy.
Japanese and Australian stock markets closed with rise. Thus Nikkei 225 increased for 152, 28 points or 0, 90% and S&P/ASX 200 increased for 90, 65 points or 1, 84%. At this moment, Hang Seng is trading in green zone adding 273 points or 1, 43 %, Shanghai Composite shows relatively weak rise. It increased for 13 points or 0, 46 %.
Today statistic data released in Japan shows that balance in December increased for 140B, while rise for 100B was expected. In previous month balance went down for 380B. Dramatic decline of import in December for 18% helped balance to grow with slight decline of export in December for 8%.
Complex technical analysis of instruments
USD/JPY continues to rise after it was able to break through and settle above 118.04 on Friday. Weak statistics from Japan that was released today puts pressure on Yen. Today USD/JPY overlapped a small gap and will continue its movement in northern direction towards to 119.61 resistance.
Crucial resistance levels: 119.61 and 1120.66.
Crucial support levels: 118.04 and 116.15
AUD/USD continues to rise. AUD gained strength amid rise of oil currencies. After the break and strengthening of AUD/USD above 0.7013 there is a possibility that rising will continue towards 0.7218 resistance.
Alternative variant. AUD/USD drew reversal Doji on daily chart. Thus there is a possibility of correction in southern direction. In case of return and strengthening under 0.7013 support it may fall under 0.6907.
Crucial resistance levels: 0.7218 and 0.7382.
Crucial support levels: 0.7013 and 0.6907.
Today NZD/USD resumed its rise and after breaking through 0.6497 was able to consolidate above. Lasting rise of oil currencies supports NZD. Now there is a possibility that pair will continue to rise towards 0.6678 resistance.
Crucial resistance levels: 0.6678 and 0.693.
Crucial support levels: 0.6497 and 0.6380.
Gold goes sideward after strengthening above 1089.39. Investors stopped looking for safe haven for its capitals and lost interest in Gold.
Today high volatility is not expected and upward movement will probably continue between 1089.39 support and 1112.24 resistance.
Crucial resistance levels: 1112.24 and 1141.68.
Crucial support levels: 1089.39 and 1071.13.


The review was prepared by the analysts from Fort Financial Services
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01-29-2016, 08:28 PM,
#9
One of the main events this week was the Federal Reserves’ meeting. The Federal Reserve is concerned about the development of the largest economy in the world and instability on the financial markets. The regulator did not raise the interest rate saying that its further growth depends on the future releases. The analysts from Fort Financial Services believe that the next possible increase of the interest rates will be in March and the markets already started to implement the growth possibility. The Federal Reserves’ concerns were increased by the Australian dollar which increased on the news up to 0.7130.

In the beginning of the week the pair AUD/USD received support from the strong, not as expected, inflation data. After the meeting of the Central Bank of Australia the traders are closely watching how the Central Bank assesses the impact of recent market volatility and the sharp decline in commodity prices, particularly oil.
On Thursday, Australia published its prices on import for the past month and the indicator dropped by more than expected. According to the report prepared by the Australian Bureau of Statistics, the figure (when seasonally adjusted) came in at -0.3% compared to the 1.4% for the last month. The experts expected the drop of -0.8% last month.
In addition, in the USA came out the release on the initial applications for unemployment benefits. The indicators came out worse than the forecast showing a decrease for three months in a row. The figures on major orders for durable products for the last month were released and were predicted to stay unchanged at -0.1% but the release showed 1.2%.
The analysts from FortFS believe that the Aussie’s quotations have the tendency to grow and are traded above the key support level at 0.7000. The last local maximum of this week is 0.7140. Even though the internal indicators show mixed signals the analysts do not see any signs of the turnaround and the drop of the pair yet. The drop of the pair is restricted by the key support 0.7000. The first target of the growth is 0.7120. In case of the 0.7000 breakthrough the price may drop to 0.6880.
You may find a more detailed market review on the website:
https://www.fortfs.com/en/analytics/technical?utm_source=Facebook%20Ruban&utm_medium=analytics&utm_campaign=facebook%20analytics%2Fruban




The review was prepared by the analysts from Fort Financial Services
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02-02-2016, 08:26 PM,
#10
Review on global markets by Fort Financial Services

Today during trading session in Asia USD is traded in descending direction versus JPY and EUR.  At the same time, currency consolidated versus commodity currencies such as CAD, AUD and NZD.
It was reported that Reserve Bank of Australia maintained key interest rate at 2% claiming that the rate may fall this year.
Today most stock indexes of Pacific Rim are traded in red zone under the influence of resumed falling of oil price. Thus Japanese and Australian markets closed with decline. Nikkei 225 lost ­114,55 points or  0,64%. S&P/ASX 200 lost ­50,27 or 1,00%. But markets in Mainland China showed positive dynamics after People’s Bank of China injected more 100 billion RMB that is 15,2 billion USD in the financial system.  Thus Shanghai Composite added +61 or 2,27%. Hang Seng went down losing ­74 or 0,38%.
Oil currencies continued to fall after it become known that countries of Persian Gulf find no sense in special meeting of OPEC. These countries are waiting for planned meeting in June in order to evaluate the influence of increased oil supplies from Iran. Probably it is the result of Iranian plan to increase oil production.  Tehran doesn’t consider reduction of oil production until the export will be 1,5 million barrel per day.   
Complex technical analysis of some instruments
Today during trading session USD/JPY continued to fall breaking through 120.66. We may consider correction towards 119.61 support.
Crucial resistance level: 122.24 and 123.74.
Crucial support levels: 119.61 and 118.04.
Australian dollar is influenced by comments of Reserve Bank of Australia and falling of oil prices. AUD/USD started to fall totally regaining yesterday’s growth. Most likely the pair will continue to go down towards 0.7013 support.
Crucial resistance level:  0.7218 and 0.7382.
Crucial support levels:  0.7013 and 0.6907.
Yesterday NZD/USD broke through and consolidated above 0.6497 as the result of growth. But today the pair resumed its falling because of decline of oil prices. There is possibility of descending movement towards 0.6497 support. In case of breakage it may go down towards 0.6380.
Crucial resistance level:  0.6678 and 0.693.
Crucial support levels:  0.6497 and 0.6380.
Gold maintained its rise yesterday due volatile situation in stock markets. Today we observed slight falling during Asian session that may be considered as correction.  It is possible that price will go up towards 1141.68 resistance.
Alternative variant. In case of further falling and breakage of 1112.24 support the price may go down towards 1089.39.
Crucial resistance level:  1141. 68 and 1169.83..
Crucial support levels:  1112.24 and 1089.39
The review was prepared by the analysts from Fort Financial Services
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02-04-2016, 12:29 AM,
#11
USD/JPY went down in the beginning of week

USD weakened versus some main currencies on Tuesday under the influence of weak data. Investors have doubts regarding the fast growth of the basic interest rate - as expected by analysts of Fort Financial Services. USD/JPY declined towards 120.00 per USD in comparison to previous 120.98.
Dynamics of American currency were badly influenced by the published data by The Institute of Supply Management. It showed that efficiency ratio in industrial sector in January became 48,2 points against 48 points in the previous month which didn’t meet analysts’ expectations.
Japanese currency consolidated on Tuesday due to the fall of oil prices, which discouraged traders from taking risks. USD went down versus Yen decreasing from Friday maximum 121.8, which was reached due to negative interest rate policy of Bank of Japan. Oil decreased on Tuesday in consequence of China’s weak economy and excess oil on the world market. However, market participants hold out their hopes that USD will find new support at the level of 120.
The pair exceeded 20th of January prices and on Thursday trading finished with slight growth. Currencies were traded from 118.50 to 119.00 all day, but on Friday the pair noticeably moved up because of The Bank of Japan decision and added 20 points. Trading was closed at 121.00. In the beginning of the week the pair moved down reaching 120.00 on Tuesday.
According to analysts of FortFS, during consolidation the pair will likely move towards 120.85 (approximate minimum in the beginning of the week). Only rising above 121.80 resistance may suggest a continuation of the recent growth.

The review was prepared by the analysts from [url= https://www.fortfs.com/analytics/technical?utm_source=http%3A%2F%2Fwangolds.com%2F&utm_medium=analytics&utm_campaign=wangolds_a]Fort Financial Services[/url]
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02-05-2016, 12:07 AM,
#12
EUR/JPY stopped to fall

As noted by analysts of Fort Financial Services, Yen grew versus Euro amid the resumed fall of oil prices that still suppresses world stock market and eventually increases demand for risk-free assets. It is worth mentioning that after prominent growth of oil currencies EUR/JPY stopped to fall.
A bit earlier Euro started to consolidate versus USD and JPY after executives of Single EU Bank Regulator warned that there will be no emergency measures to stimulate economy that may decrease Euro.
Last Friday Yen started to fall dramatically due to decision of Bank of Japan to reduce deposit rate. This reduction towards minus value became next measure to stop the deflation.
There will be no important statistic data from Japan by the end of the current week. However, upcoming news from EU may influence EUR/JPY.
Monthly report of European Central Bank is awaited on 4th of February as well as speech of ECB’s chief Mario Draghi.
A report on volume of production orders in Germany for December will be released on 5th of February.
Above all else, oil prices will surely influence dynamics of the pair.
As seen on daily chart JPY/EUR moved from 131.80 and started its decline in January. Descending line that has appeared in August is situated nearby. There is a possibility of strong resistance in this area. Trend line wasn’t reached until now, but we may consider it in future. Now the pair is situated at 130.20. In case of consolidation above trend line the pair will move above 131.80.
4-hour and 1-hour charts demonstrate testing of 130.20. 131.00 may be considered as resistance. At the same time, we observe the decrease of the sequence of minimums’ changes.
Specialists of FortFS suggest waiting whether 131.00 will be broken or, on the other hand, the pair will break through 130.20 and go down.
Market analysis, analytic reviews and commentaries are provided on our website:
https://www.fortfs.com/ru/analytics/technical?utm_source=Take%20profit&utm_medium=analytics&utm_campaign=takeprofit%20analytics.
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02-08-2016, 07:02 PM,
#13
Review on Global Markets by Fort Financial Services

Today after market’s opening USD is traded multidirectionally in narrow range.  It consolidated versus JPY, CHF и GBP, but weakened versus commodity currencies such as CAD, AUD and NZD.
Today is day off in Singapore, New Zealand, China and Hong Kong.
China’s markets will be closed all week due to New Year’s celebration. Hong Kong’s market will open on 11th of February.
Australian S&P/ASX 200 closed with slight fall losing ­0,78 or 0,02%. On the other hand, Japanese stock market demonstrates growth amid decline of Yen versus USD that supports stocks of export companies.
Today oil prices slightly grow in expectation of new signals of market’s participants who have different opinion on further direction of price.
Complex technical analysis of some instruments.
USD/JPY resumed its growth after formation of reverse high wave candle on Friday’s daily frame. After that we expect continuation of ascending movement towards 118.04 resistance.
Crucial resistance levels: 118.04 and 119.61.
Crucial support level: 116.15.
Today after market’s opening AUD/USD started to rise amid slight growth of oil currencies. There is a possibility of further correction upwards 0.7218 support.
Crucial resistance levels: 0.7218 and 0.7382.
Crucial support levels: 0.7013 and 0.6907. 
As the result of decline on Friday NZD/USD was able to break through and consolidate under 0.6678. We also observed the formation of reverse candle and bearish takeover that hints at further falling. This growth may be considered as correction that is limited by 0.6678 resistance.
Crucial resistance levels: 0.6678 and 0.693.
Crucial support levels: 0.6497 and 0.6380.
Today gold currencies resumed to descend and after a breakage were able to consolidate under 1169.33. After that we may consider further falling towards 1114.68 support.
  Crucial resistance levels: 1169.83 and 1191.31.
Crucial support levels: 1141.68 and 1112.24.
The review was prepared by the analysts from Fort Financial Services
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02-10-2016, 03:23 AM,
#14
Review on global markets by Fort Financial Services. Japanese Nikkei – 5%.

Today during trading on currency market USD went in descending direction versus JPY, CHF and EUR, but started to consolidate versus commodity currencies such as CAD, AUD and NZD.
Hong Kong, China and Singapore are celebrating Chinese New Year based on lunar calendar.
Trading balance and volume of industrial production in Germany is worse than it was expected.  Thus volume of production went down for ­1,3% instead of expected growth for  0,4%. Saldo of trading balance for December is 18,8 instead of expected 20,2.
Active Asian stock markets fell down today.  Income of Japanese government stocks reached record minimum after worrisome condition of banking and energy companies led to sell-out during today’s trading session.  Nikkei 225 crashed for ­918,86 points or  5, 40%. Stocks of Japanese companies also suffer the highest rise of Yen for more than a year.
Today the Minister of Finance of Japan Taro Aso claimed that Yen’s movement was very strong and he will keep following it very attentively. Resume of Yen’s growth is a big problem for Tokyo politicians who expected slowdown of Japanese economy amid rise of corporate incomes.
Australian S&P/ASX 200 closed with decline losing ­143,32 points or 2,88%.
Complex technical analysis of some instruments
USD/JPY is falling after breaking through 116.14 and consolidating below. Yen is popular again due to fall of oil futures. There is a possibility of further decline towards 113.86 support.
Crucial resistance levels: 116.14 and 118.04.
Crucial support levels: 113.86 and 110.13.
Today AUD/USD continued to fall absorbing yesterday’s daily candle and moving towards 0.7013 support. AUD is influenced by the fall of oil currencies and decline of NAB index in January that was +2 instead of previous +3.  We may consider descending movement towards 0.7013 support. In case of breakage it will continue falling towards 0.6907.
Crucial resistance levels: 0.7218 and 0.7382.
Crucial support levels: 0.7013 and 0.6907. 
NZD/USD resumed its falling under the pressure of fall of oil prices. It will likely go down towards 0.6497 support.
Crucial resistance levels:  0.6678 and 0.693.
Crucial support levels:  0.6497 and 0.6380.
Demand for gold is on the rise since investors started to see it as safe haven. Yesterday  1191.05 resistance was reached due to growth. Today we observe slight correction in northern direction that may continue, but falling will be restricted by 1156.13 support.
Alternative variant. In case of resume of growth and breakage of 1191.05 resistance the pair will move upwards 1232.06.
Crucial resistance levels: 1191.05 and 1232.06.
Crucial support levels:  1156.13 and 1125.14.

resim

resim
The review was prepared by the analysts from Fort Financial Services
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02-11-2016, 01:43 AM,
#15
Review on global markets by Fort Financial Services

Yesterday USD weakened notably versus currency basket in expectation of Yellen’s speech in Congress. Today during Asian sessions USD was traded multidirectionally in narrow range. It slightly declined versus JPY and AUD, but consolidated versus EUR.
Stock markets of Pacific Rim continue to descend amid the resumed fall of oil currencies forcing investors to find safe assets such as Yen that reached 15-month maximum in regard to USD. Japanese stock market continues to fall. Nikkei 225 lost ­372, 05 or 2, 31%. 
Prime-minister Shinzo Abe claimed today that he believes that president of the Bank of Japan Haruhiko Kuroda is able to regulate financial-credit policy rejecting investors’ criticism of Central Bank’s negative interest rate.
“I trust Kuroda”, said Abe during parliament session adding that he expects actions from Kuroda that will help to achieve their mutual aim that is to keep inflation at 2%.
Australian index S&P/ASX 200 also closed in negative zone losing ­56, 40 points or 1, 17%.
Complex technical analysis of some instruments:
Investors still consider Yen as safe haven amid falling of stock markets. As the result USD/JPY continues to decline. Technically there are no signs that the pair will turn back and we can expect descending movement towards 113.86 support.
It is worth noting that investors may switch to USD today during Yellen’s speech.
Crucial resistance levels: 116.14 and 118.04.
Crucial support levels: 113.86 and 110.13.
Despite the fall of oil currencies AUD/USD resumed its rising after unsuccessful breakage of 0.7013 support yesterday. Today correction may continue, but growth will be likely restricted by 0.7218 resistance.
Crucial resistance levels:  0.7218 and 0.7382.
Crucial support levels: 0.7013 and 0.6907.
NZD/USD went sideward slightly below 0.6678 resistance. Investors are idle awaiting Yellen’s speech. There is a possibility of growth today that will be likely restricted by 0.6678 resistance.
Crucial resistance levels:  0.6678 and 0.693.
Crucial support levels: 0.6497 and 0.6380.
Gold is not able to grow, despite a few breakages of 1191.05 resistance. With that reverse Doji appeared on daily chart. After that we may consider correction downwards 1156.13 support.
Crucial resistance levels:  1191.05 and 1232.06.
Crucial support levels: 1156.13 and 1125.14.
The review was prepared by analytic department of Fort Financial Services.



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