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Daily News By Xtreamforex.com

Discussion in 'Analisa Teknikal' started by xtreamforex.com, Jan 3, 2019.

  1. xtreamforex.com

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    Dollar Declined, Euro Elevated as Fed kept Dovish Monetary Policy

    The Dollar declined on Thursday morning in Asia, as the U.S. Federal permit in its most advanced policy decision the global reflation trade with persistently aggressive monetary policy.

    The U.S. Dollar Index traces the greenback against a basket of other major currencies slightly down 0.08%.

    The USD/JPY pair slightly down 0.01% to 108.58. A holiday in Japan could help reduce losses during the Asian session.

    The AUD/USD pair Edged up 0.04% to 0.7792.

    The NZD/USD pair Edged up 0.08% to 0.7258.

    The USD/CNY pair inched down 0.11% to 6.4702.

    The GBP/USD edged up 0.15% to 1.3954.

    The dollar’s failure was the euro’s gains, with the only currency hitting its highest level against the dollar following late February 2021 while deciphering major trendline resistance at $1.2114.

    The Fed preserved its interest rate constant at 0.25% as it delivered its policy decision on Wednesday as per investor expectations. Fed Chairman Jerome Powell stating it was “not time yet” and that employment still had a long way towards recovery.

    USD/TRY slightly higher to 8.1972, before the first public policy presentation by Turkey’s new central bank Governor Sahap Kavcioglu.

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    Xtreamforex Technical Analysis : 30-04-2021

    Pound (1.3947) has been rising slowly. A break above 1.40 is needed for the pair to turn bullish and rise further towards 1.41-1.42 in the longer run.

    For now watch a rise to 1.40 to see if it manages to break above or faces rejection from there.

    RESISTANCE LEVEL: R1: 1.39573, R2: 1.39657, R31.39794 PIVOT POINT: 1.39488 SUPPORT LEVEL: S1: 1.39352, S2: 1.39215, S3: 1.39131.


    Euro (1.2118) dipped from 1.2150 but the decline is likely to be limited to 1.2090 for the near term before the Euro again starts to rise. Watch price action near 1.2090.

    RESISTANCE LEVEL: R1: 1.21325, R2: 1.21427, R3: 1.21564 PIVOT POINT: 1.21223 SUPPORT LEVEL: S1: 1.21086, S2: 1.20949, S3: 1.20847, S3: 1.20745.

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    Dollar Constant as Traders Support for more U.S. Data

    After its recent bounce on Monday, the Dollar straightened as investors made a cautious start to a week packed with central bank meetings and U.S. economic data, anticipating evidence on the global inflation outlook and policymakers’ responses.

    Trade was reduced by holidays in Japan, China, and Britain, which kept a cover-up on volatility, leaving the U.S. Currency to trade where it completed after a Friday leap.

    It held at $1.2040 per euro and crept to a three-week high of 109.66 yen.

    The U.S. Dollar Index traces greenback versus a basket of other currencies slightly up 0.07% to 91.330.

    The USD/JPY pair was high 0.229% to 109.59.

    The AUD/USD pair edged up 0.05% to 0.7720.

    The NZD/USD pair elevated 0.22% to 0.7176.

    The USD/CNY pair inched up 0.05% to 1.3821.

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    Dollar High as regardless of Surprise fall in U.S. Manufacturing Data

    The dollar was high on Tuesday morning in Asia as an unexpected slowdown in U.S. manufacturing growth cut off Investor bets on a booming U.S. economy giving the U.S. currency a boost.

    The U.S. Dollar Index traces the greenback against a basket of other currencies inclined 0.22% to 91.125.

    The USD/JPY pair was up 0.22% to 109.28.

    The AUD/USD pair was down 0.21% to 0.7744.

    The NZD/USD pair inched down 0.33% to 0.7174.

    The USD/CNY pair was steady at 6.4735.

    The GBP/USD pair was down 0.27% to 1.3872.

    Japanese and Chinese markets remained closed for a holiday.

    The U.S. Institute of Supply and Management ISM Manufacturing Purchasing Managers Index (PMI) released on Monday, was a lower-than-expected 60.7 for April.

    The euro rose 0.3%, as investors understood economic data from the region. The German Manufacturing PMI was 66.2 for April, while the Eurozone’s manufacturing PMI was 62.9.

    Investors are now looking to further data to be released later in the week including the U.S Trade balance and the April U.S. employment report which includes non-farmer payrolls.

    Benchmark ten-year U.S. Treasury yields dropped 2.5 basis points late as the data baffled, and like New York, Fed President John Willian emphasized that the economic recovery so far is “not nearly enough” to harden monetary policy.


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    The Dollar Climbs Highest in over Two Weeks

    The dollar was up on Wednesday morning in Asia as concerns over U.S. Treasury Secretary Janet Yellen’s comments about increasing interest rates.

    The U.S. Dollar Index traces the greenback versus a basket of other currencies was high 0.31% to 91.210.

    The USD/JPY pair was steady at 109.32.

    The AUD/USD pair elevated 0.35% to 0.7732.

    The NZD/USD pair gained 0.38% to 0.77196.

    The New Zealand dollar was supported by local employment data, including the employment change that increased 0.6% quarterly during the first quarter of 2021.
    The USD/CNY pair was steady at 6.4735.

    The GBP/USD pair inched up 0.15% to 1.3906 as investors expect the Bank of England policy decisions that will be delivered on Thursday.

    This jump in the dollar came in the wake of comments from U.S. Treasury Secretary Janet Yellen inferring the requirement of increased rates in the future.

    Yellen said at a virtual meeting on Tuesday “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat,” “Even though the additional spending is relatively small relative to the size of the economy, it could cause some very reasonable increases in interest rates.”

    Yellen later tried to reverse the importance of these remarks, but the mere mention of U.S. tightening frightened a market that has become so affected by the Federal Reserve’s monetary stimulus.

    So far, Federal Reserve Chair Jerome Powell has disputed the labor market is still far short of where it needs to be to start talking of tapering asset buying.
    Three more Fed officials are speaking later on Wednesday providing the opportunity for further market-moving comments.

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    World Stocks on a Progressive note for First Weekly Gain

    World stocks managed for their first weekly gain in three in the middle of the flood in commodity prices on the other hand traders supported the U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus.

    European stocks opened higher, with the pan-European STOXX 600 index scoring a record as powerful data from Germany and other major economies added to hopes of a swift recovery from the pandemic shock.

    By midday in London, German DAX climbed 1.3%.

    France’s CAC 40 scored its highest since November 2000 Britain’s.

    FTSE 100 breached the 7,100 marks, up 0.7% on the day.

    MSCI’s benchmark for global equity markets, which tracks stocks in 50 countries, slightly up about 0.2%, on course for a 0.5% gain this week.

    Its broadest index of Asia-Pacific shares outside Japan lifted about 0.4% on Friday, while Japan’s Nikkei increased about 0.2%.

    China’s blue chips finished at 1.3% lower on the day.

    Iron ore futures jumped to a record high on Friday, while crude oil rose.

    Wall Street investors piled into economically-sensitive stocks on the reflation trade, driving the Dow Jones Industrial Average to a record close on Thursday.

    The Dow climbed 0.9%, the S&P 500 gained 0.8% and the Nasdaq Composite added 0.4%.

    S&P futures led to further gains 0.3% higher on Friday.

    The Russell 1000 Value index increased 0.8%, outpacing the Russell 1000 Growth index, which raised 0.5%.

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    Dollar Soothes after Beating U.S. Jobs Report

    The U.S. dollar aided losses near 2-1/2 month lows on Monday as a bitter U.S. employment report advised investors to unwrap their increasing long positions in the U.S currency.

    The United States developed a little more than a quarter of the jobs that economists had anticipated last month and the unemployment rate suddenly jumped higher, projecting uncertainties that the Fed would judge improving the timeline of tightening policy in the coming months.

    The Dollar Index traces the greenback against six opponents, attained at 90.305, up 0.2% on the day, after dipping as low as 90.128 for the first time since Feb.

    However, the dollar’s losses were skipped due to more specific U.S. Treasury yields, which were up nearly 2 bps in early London trading at 1.60%.

    The Sterling was the winner among the most traded currencies, rising 0.5% to $1.4067 the highest since Feb. 25.

    Such a plebiscite requires the reinforcement of the UK government in London and Prime Minister Boris Johnson has managed out keeping another vote, mentioned that the country faced more constraining difficulties such as the recovery from the corona virus pandemic.

    The euro stabled 0.1% to $1.2142, earlier touching the highest since Feb. 26 at $1.2177.

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    Dollar Up, Commodity Currencies Restrict Gains

    The dollar gains in early European trade Tuesday, however, gains were completed by the strength of commodity currencies on the back of rises in the prices of oil and base metals.

    The U.S. Dollar Index traces the greenback against a basket of other currencies crawled down 0.06% to 90.237 by 11:53.

    The USD/JPY pair slightly up 0.10% to 108.89.

    The AUD/USD pair slightly up 0.03% to 0.7833 ahead of Australia’s federal budget, due to be handed down later in the day.

    The NZD/USD pair trimmed down 0.14% to 0.7264.

    The USD/CNY pair inched up 0.18% to 6.4270.

    China’s CPI just dropped expectations, contracting 0.3% monthly but rose 0.9%Yearly. The PPI increased a 6.8% year-on-year.

    The GBP/USD pair edged down 0.01% to 1.4118.

    Investors are looking forward to inflation data from the U.S., including core CPI, that will be released on Wednesday. The data will measure the level of inflationary pressure and could accelerate Treasury yields up, possibly it could give the greenback a lift.

    Prices for commodities including crude oil, copper, and steel are expected to rise further, increasing concerns about runaway inflation.

    The dollar was trading at $1.2097 against its Canadian counterpart.

    The greenback’s weakest level in more than three years. It was also near a two-week low against the Mexican peso.

    Demand for commodities is anticipated to grow continuously because the improved COVID-19 vaccinations could lead to a growing economic viewpoint in more countries.

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    Dollar slightly Up; Inflation Data Appears Healthy

    The dollar is a gainer with up in early European trade Wednesday although, remains near recent lows ahead of a key U.S. inflation release.

    The Dollar Index, which traces the U.S. Dollar versus a basket of six other currencies, was up 0.2% at 90.287.

    EUR/USD traded 0.2% lower at 1.2127.

    USD/JPY elevated 0.2% to 108.83.

    AUD/USD declined 0.5% to 0.7804.

    NZD/USD sank 0.6% to 0.7234, with the commodity currencies reducing off after reading recent ten-week tops.

    Investors now anticipate the latest U.S. consumer inflation data, due at 8:30, which is expected to show a 3.6% lift in yearly prices, promoted by last April’s low base. This would be the highest jump since September 2011.

    On the other hand, equity markets have started to fuss about what a high inflation number could mean in terms of Federal Reserve policy continuing progressive.

    Currency traders appear to have been soothed by repeated promises of patience from Fed speakers as the dollar remains at low levels.

    St. Louis Federal Reserve President James Bullard said on Tuesday he expects inflation could linger as high as 2.5% next year, while Fed Governor Lael Brainard said weak labor data last week shows the recovery has a long way to run.

    GBP/USD slipped 0.1% to 1.4129, after the united kingdom economy contracted 1.5% in the first quarter of the year, in line with the Bank of England’s latest forecast.

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    Dollar Elevated; Fed in Limelight on Inflation Surge

    The dollar slightly higher in early European trade Thursday, with the U.S. currency supported by concerns of an earlier than expected Federal Reserve response to inflationary pressures in the wake of the worryingly large jump in U.S. consumer prices.

    The U.S. Dollar Index Traces the greenback against a basket of six other currencies, was higher 0.1% at 90.775, around its highest level in a week.

    EUR/USD traded 0.1% higher at 1.2075, after dropping around 0.6% the previous session.

    GBP/USD was flat at 1.4052, and
    USD/JPY Elevated 0.1% at 109.73, close to its strongest level in five weeks.

    AUD/USD dropped 0.2% to 0.7712, while
    NZD/USD climbed 0.1% to 0.7160, availing from additional plans to open the New Zealand economy.

    The consumer price index strengthened 4.2% in April from a year ago, according to data released on Wednesday, well above consensus forecasts for 3.6% and climbing to its highest rate since the eve of the 2008 financial crisis.

    Benchmark 10 year U.S. Treasury yields climbed to a five-week high above 1.70% overnight, enhancing the appeal of dollar-denominated assets, but have since trimmed back down to 1.685%.

    Fed speakers have been very keen to make clear that they expected a bounce in prices as last year’s collapse in oil prices and a nascent economic recovery worked their way through the system, but they saw this increase as temporary.

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