Everyday Fundamental Analysis from Paxforex

[B]AUDUSD Fundamental Analysis – May 19th 2016
[/B]
Here are the key factors to keep in mind today for Australian Dollar trades:

Australian Employment Change: The Australian Employment Change for April was reported at 10.8K. Economists predicted a figure of 12.0K.Forex traders can compare this to the Australian Employment Change for March which was reported at 25.7K. The Unemployment Rate was reported at 5.7% and the Labor Force Participation Rate at 64.8%. Economists predicted the Unemployment Rate at 5.8% and the Labor Force Participation Rate at 64.9%. Forex traders can compare this to the Unemployment Rate for March which was reported at 5.7% and to the Labor Force Participation Rate which was reported at 64.9%. 9.3K Full-Time Positions were lost in April and 20.2K Part-Time Positions were created. Forex traders can compare this to March where 10.0K Full-Time Positions were lost and 35.7K Part-Time Positions were created.
Chinese MNI Business Indicator: The Chinese MNI Business Indicator for May was reported at 50.0. Forex traders can compare this to the Chinese MNI Business Indicator for April which was reported at 50.5.
Here are the key factors to keep in mind today for US Dollar trades:

US Chicago Federal National Activity Index: The US Chicago Federal National Activity Index for April is expected at -0.20. Forex traders can compare this to the US Chicago Federal National Activity Index for March which was reported at -0.44.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of May 14th are expected at 275K and US Continuing Claims for the week of May 7th are expected at 2,163K. Forex traders can compare this to US Initial Jobless Claims for the week of May 7th which were reported at 294K and US Continuing Claims for the week of April 30th which were reported at 2,161K.
US Philadelphia Federal Index: US Philadelphia Federal Index for May is expected at 3.0. Forex traders can compare this to the US Philadelphia Federal Index for April which was reported at -1.6.
US Leading Indicators: US Leading Indicators for April are expected to increase by 0.4% monthly. Forex traders can compare this to US Leading Indicators for March which increased by 0.2% monthly.

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USDCAD Fundamental Analysis – May 20th 2016


Here is the key factor to keep in mind today for US Dollar trades:

US Existing Home Sales: US Existing Home Sales for April are predicted to increase by 1.3% monthly to 5.40M. Forex traders can compare this to US Existing Home Sales for March which increased by 5.1% monthly to 5.33M.
Here are the key factors to keep in mind today for Canadian Dollar trades:

Canadian Retail Sales: Canadian Retail Sales for March are predicted to decrease by 0.6% monthly. Forex traders can compare this to Canadian Retail Sales for February which increased by 0.4% monthly. Canadian Retail Sales Less Autos for March are predicted to decrease by 0.4% monthly. Forex traders can compare this to Canadian Retail Sales Less Autos for February which increased by 0.2% monthly.
Canadian CPI and Core CPI: The Canadian CPI for April is predicted to increase by 0.4% monthly and by 1.7% annualized. Forex traders can compare this to the Canadian CPI for March which increased by 0.6% monthly by 1.3% annualized. The Canadian Core CPI for April is predicted to increase by 0.1% monthly and by 2.0% annualized. Forex traders can compare this to the Canadian Core CPI for March which increased by 0.7% monthly by 2.1% annualized. The Canadian Seasonally Adjusted CPI for April is predicted to increase by 0.2% monthly and the Canadian Seasonally Adjusted Core CPI by 0.1% monthly. Forex traders can compare this to the Canadian Seasonally Adjusted CPI for March which increased by 0.2% monthly and to the Canadian Seasonally Adjusted Core CPI which increased by 0.3% monthly.

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EURGBP Fundamental Analysis – May 24th 2016


Here are the key factors to keep in mind today for Euro trades:

German GDP: The Final German GDP for the first-quarter increased by 0.7% quarterly and by 1.6% annualized. Economists predicted an increase of 0.7% quarterly and of 1.6% annualized. Forex traders can compare this to the first German GDP report for the first-quarter which increased by 0.7% quarterly and by 1.6% annualized. Exports increased by 1.0% and Imports increased by 1.4%. Economists predicted an increase of 0.5% and of 1.5%. Forex traders can compare this to the first data on Exports which decreased by 0.6% and Imports which increased by 0.5%. German Private Consumption increased by 0.4% and German Domestic Demand by 0.8%. Economists predicted an increase of 0.5% and of 0.9%. Forex traders can compare this to the first data on German Private Consumption which increased by 0.4% and German Domestic Demand which increased by 0.9%. German Government Spending increase by 0.5%. Economists predicted an increase of 0.8%. Forex traders can compare this to the first data on German Government Spending which increased by 0.9%. German Capital Investment increased by 1.8% and German Construction Investment by 2.3%. Economists predicted an increase of 1.4% and of 1.5%. Forex traders can compare this to the first data on German Capital Investment which increased by 1.4% and German Construction Investment which increased by 2.0%.
German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation for May was reported at 53.1 and the German ZEW Survey Economic Sentiment at 6.4. Economists predicted a figure of 49.0 and 12.0. Forex traders can compare this to the German ZEW Survey Current Situation for April which was reported at 47.7 and the German ZEW Survey Economic Sentiment which was reported at 11.2. The Eurozone ZEW Survey Economic Sentiment for May was reported at 16.8. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment for April which was reported at 21.5.
Here is the key factor to keep in mind today for British Pound trades:

UK Public Sector Net Borrowing: UK Public Sector Net Borrowing for April was reported at £6.6B and UK Public Sector Net Borrowing excluding Banking Groups at £7.2B. Economists predicted a figure of £5.8B and £6.4B. Forex traders can compare this to UK Public Sector Net Borrowing for March which was reported at £6.1B and UK Public Sector Net Borrowing excluding Banking Groups which was reported at £6.7B.

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GBPUSD Fundamental Analysis – May 26th 2016


Here are the key factors to keep in mind today for British Pound trades:

UK BBA Loans for House Purchase: UK BBA Loans for House Purchase for April was reported at 40,140. Economists predicted a figure of 44,700. Forex traders can compare this to UK BBA Loans for House Purchase for March which was reported at 43,854.
UK Preliminary GDP: The UK Preliminary GDP for the first-quarter increased by 0.4% quarterly and by 2.0% annualized. Economists predicted an increase of 0.4% and 2.1%. Forex traders can compare this to the first UK Preliminary GDP for the first-quarter which increased by 0.4% quarterly and by 2.1% annualized. Private Consumption increased by 0.7%, Government Spending by 0.4% and Gross Fixed Capital Formation by 0.5%. Economists predicted an increase of 0.5%, of 0.4% and of 0.9%. Forex traders can compare this to the first Private Consumption for the first-quarter which increased by 0.6%, the first Government Spending which increased by 0.3% and the first Gross Fixed Capital Formation which decreased by 1.1%. Exports decreased by 0.3% and Imports increased by 0.8%. Economists predicted an increase of 0.1% and 1.0%. Forex traders can compare this to the first Exports for the first-quarter which increased by 0.1% and Imports which increased by 0.9%.
British Index of Services: British Index of Services for March decreased by 0.1% monthly and increased by 0.6% monthly over three months. Economists predicted an increase of 0.2% and 0.6%. Forex traders can compare this to the British Index of Services for February which increased by 0.1% monthly and by 0.8% monthly over three months.
Here are the key factors to keep in mind today for US Dollar trades:

US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of May 21st are expected at 275K and US Continuing Claims for the week of May 14th are expected at 2,142K. Forex traders can compare this to US Initial Jobless Claims for the week of May 14th which were reported at 278K and US Continuing Claims for the week of May 7th which were reported at 2,152K.
US Pending Home Sales: US Pending Home Sales for April is expected to increase by 0.7% monthly and by 0.2% annualized. Forex traders can compare this to US Pending Home Sales for March which increased by 1.4% monthly and by 2.9% annualized.

EURJPY Fundamental Analysis – May 30th 2016


Here are the key factors to keep in mind today for Euro trades:

German Import Price Index: The German Import Price Index for April decreased by 0.1% monthly and by 6.6% annualized. Economists predicted an increase of 0.4% monthly and a decrease of 6.2% annualized. Forex traders can compare this to the German Import Price Index for March which increased by 0.7% monthly and decreased by 5.9% annualized.
Preliminary French GDP: The Preliminary French GDP for the first-quarter increased by 0.6% quarterly and by 1.4% annualized. Economists predicted an increase of 0.5% quarterly and by 1.3% annualized. Forex traders can compare this to the previous GDP report which increased by 0.5% quarterly and by 1.3% annualized.
Eurozone Confidence Data: Eurozone Economic Confidence for May was reported at 104.7. Economists predicted a figure of 104.4. Forex traders can compare this to Eurozone Economic Confidence for April which was reported at 104.0. Eurozone Industrial Confidence for May was reported at -3.6. Economists predicted a figure of -3.5. Forex traders can compare this to Eurozone Industrial Confidence for April which was reported at -3.6. Eurozone Services Confidence for May was reported at 11.3. Economists predicted a figure of 11.3. Forex traders can compare this to Eurozone Services Confidence for April which was reported at 11.7. Final Eurozone Consumer Confidence for May was reported at -7.0. Economists predicted a figure of -7.0. Forex traders can compare this to the first Eurozone Consumer Confidence for May which was reported at -7.0.
German CPI: The German CPI for May is expected to increase by 0.3% monthly and by 0.1% annualized. Forex traders can compare this to the German CPI for April which decreased by 0.4% monthly and by 0.1% annualized.
Here is the key factor to keep in mind today for Japanese Yen trades:

Japanese Retail Sales: Japanese Retail Sales for April were flat at 0.0% monthly and and decreased by 0.7% annualized. Economists predicted a decrease of 0.6% monthly and of 1.2% annualized. Forex traders can compare this to Japanese Retail Sales for March which increased by 1.5% monthly and decreased by 1.0% annualized. Sales at Large Retailers for April decreased by 0.8% annualized. Economists predicted a decrease of 1.2% annualized. Forex traders can compare this to Sales at Large Retailers for March which decreased by 1.0% annualized.

AUDUSD Fundamental Analysis – May 31st 2016


Here are the key factors to keep in mind today for Australian Dollar trades:

Australian Building Approvals: Australian Building Approvals for April increased by 3.0% monthly and by 0.7% annualized. Economists predicted a decrease of 3.0% monthly and of 6.7% annualized. Forex traders can compare this to Australian Building Approvals for March which increased by 2.9% monthly and decreased by 5.4% annualized.
Australian Private Sector Credit: Australian Private Sector Credit for April increased by 0.5% monthly and by 6.7% annualized. Economists predicted an increase of 0.5% monthly and of 6.5% annualized. Forex traders can compare this to Australian Private Sector Credit for March which increased by 0.4% monthly and by 6.4% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US Personal Income and Personal Spending: US Personal Income for April is predicted to increase by 0.4% monthly and Personal Spending is expected to increase by 0.7% monthly. Forex traders can compare this to Personal Income for March which increased by 0.4% monthly and Personal Spending which increased by 0.1% monthly. The PCE Deflator for April is predicted to increase by 0.3% monthly and by 1.1% annualized. Forex traders can compare this to the PCE Deflator for March which increased by 0.1% monthly and by 0.8% annualized. The PCE Core Deflator for April is expected to increase by 0.2% monthly and by 1.6% annualized. Forex traders can compare this to the PCE Core Deflator for March which increased by 0.1% monthly and by 1.6% annualized.
US Chicago PMI: The US Chicago PMI for May is predicted at 50.5. Forex traders can compare this to the US Chicago PMI for April which was reported at 50.4.
US Consumer Confidence: The US Consumer Confidence for May is predicted at 96.3. Forex traders can compare this to Consumer Confidence for April which was reported at 94.2.
US Dallas Fed Manufacturing Index: The US Dallas Fed Manufacturing Index for May is predicted at -8.0. Forex traders can compare this to the US Dallas Fed Manufacturing Index for April which was reported at -13.9.

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EURUSD Fundamental Analysis – June 3rd 2016


Here are the key factors to keep in mind today for Euro trades:

Final Eurozone Services PMI and Eurozone Composite PMI: The Final Eurozone Services PMI for May is predicted at 53.1 and the Final Eurozone Composite PMI is expected at 52.9. Forex traders can compare this to the first Final Eurozone Services PMI for May which was reported at 53.1 and to the first Final Eurozone Composite PMI which was reported at 52.9.
Eurozone Retail Sales: Eurozone Retail Sales for April are predicted to increase by 0.4% monthly and by 2.1% annualized. Forex traders can compare this to Eurozone Retail Sales for March which decreased by 0.5% monthly and which increase by 2.1% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US NFP Report: The US NFP Report for May is predicted to show 160K job additions and an unemployment rate of 4.9%. Forex traders can compare this to the US NFP Report for April which showed 160K job additions and an unemployment rate of 5.0%. Private Payrolls for May are predicted to show 150K job additions and Manufacturing Payrolls 2K job losses. Forex traders can compare this to Private Payrolls for April which showed 174K job additions and Manufacturing Payrolls which showed 4K job additions. The Average Work Week for May is predicted at 34.5 hours. Forex traders can compare this to the Average Work Week for April which was 34.5 hours. Average Hourly Earnings for May are predicted to increase by 0.2% monthly and by 2.5% annualized. Forex traders can compare this to Average Hourly Earnings for April which increased by 0.3% monthly and by 2.5% annualized.
US ISM Non-Manufacturing PMI: US ISM Non-Manufacturing PMI for May is predicted at 55.4. Forex traders can compare this to the US ISM Non-Manufacturing PMI for April which was reported at 55.7.
US Factory Orders: US Factory Orders for April are expected to increase by 1.8% monthly. Forex traders can compare this to US Factory Orders for Match which increased by 1.5% monthly.
Should price action for the EURUSD remain inside the or breakout above the 1.1115 to 1.1170 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.1150
Take Profit Zone: 1.1470 – 1.1530
Stop Loss Level: 1.1075
Should price action for the EURUSD breakdown below 1.1115 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.1100
Take Profit Zone: 1.1000 – 1.1075
Stop Loss Level: 1.1150

GBPUSD Fundamental Analysis – June 15th 2016


Here are the key factors to keep in mind today for British Pound trades:

UK Jobless Claims Change and Claimant Count Rate: UK Jobless Claims Change for May were reported at -0.4K and the Claimant Count Rate was reported at 2.2%. Economists predicted a reading of 0.0K and 2.1%. Forex traders can compare this to UK Jobless Claims Change for for April which were reported at 6.4K and the Claimant Count Rate which was reported at 2.2%.
UK Employment Change, ILO Unemployment Rate and Average Weekly Earnings: The UK Employment Change for the tri-monthly period ending in April was reported at 55K and the ILO Unemployment Rate at 5.0%. Economists predicted a reading of 60K and 5.1%. Forex traders can compare this to the UK Employment Change for March which was reported at 44K and to the ILO Unemployment Rate which was reported at 5.1%. Average Weekly Earnings for the tri-monthly period ending in April increased by 2.0% annualized and Average Weekly Earnings Excluding Bonuses increased by 2.3% annualized. Economists predicted an increase of 1.7% and of 2.0%. Forex traders can compare this to Average Weekly Earnings for March which increased by 2.0% and Average Weekly Earnings Excluding Bonuses which increased by 2.2%.
Here are the key factors to keep in mind today for US Dollar trades:

US PPI: The US PPI for May is predicted to increase by 0.3% monthly and to decrease by 0.1% annualized. Forex traders can compare this to the US PPI for April which increased by 0.2% monthly and which was reported flat at 0.0% annualized. The US Core CPI for May is predicted to increase by 0.1% monthly and by 1.0% annualized. Forex traders can compare this to the US Core PPI for April which increased by 0.1% monthly and by 0.9% annualized.
US Industrial Production and Manufacturing Production: US Industrial Production for May is expected to decrease by 0.2% monthly and Manufacturing Production is expected to decrease by 0.1% monthly. Forex traders can compare this to US Industrial Production for April which increased by 0.7% monthly and Manufacturing Production which increased by 0.3% monthly.
US FOMC Interest Rate Decision: The US FOMC Interest Rate Decision is expected to show interest rates at 0.50%. Forex traders can compare this to the previous US FOMC Interest Rate Decision which showed interest rates at 0.50%.
Should price action for the GBPUSD remain inside the or breakout above the 1.4150 to 1.4200 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.4175
Take Profit Zone: 1.4700 – 1.4750
Stop Loss Level: 1.4050
Should price action for the GBPUSD breakdown below 1.4150 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.4125
Take Profit Zone: 1.4000 – 1.4050
Stop Loss Level: 1.4175

EURUSD Fundamental Analysis – June 28th 2016


Here is the key factor to keep in mind today for Euro trades:

German Import Price Index: The German Import Price Index for May is predicted to increase by 0.1% monthly and to decrease by 5.8% annualized. Forex traders can compare this to the German Import Price Index for April which increased by 0.1% monthly and by 6.6% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US GDP: The US GDP for the first-quarter is predicted to increase by 1.0% annualized. Forex traders can compare this to the previous US GDP for the first-quarter which increased by 0.8% annualized. Personal Consumption is predicted to increase by 2.0% annualized. Forex traders can compare this to the previous Personal Consumption for the first-quarter which increased by 2.9% annualized. The GDP PPI for the first-quarter is predicted to increase by 0.6% annualized. Forex traders can compare this to the previous GDP PPI for the first-quarter which increased by 0.6% annualized. The Core PCE for the first-quarter is predicted to increase by 2.1% annualized. Forex traders can compare this to the previous Core PCE for the first-quarter which increased by 2.1% annualized.
US S&P/Case-Shiller Composite 20: The US S&P/Case-Shiller Composite 20 for April is predicted to increase by 0.6% monthly and by 5.7% annualized. Forex traders can compare this to the US S&P/Case-Shiller Composite 20 for March which increased by 0.9% monthly and by 5.4% annualized.
US Consumer Confidence: US Consumer Confidence for June is predicted at 93.4. Forex traders can compare this to US Consumer Confidence for May which was reported at 92.6.
US Richmond Fed Manufacturing Index: The US Richmond Fed Manufacturing Index for June is predicted at 2. Forex traders can compare this to the US Richmond Fed Manufacturing Index for May which was reported at -1.
Should price action for the EURUSD remain inside the or breakout above the 1.1050 to 1.1100 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.1075
Take Profit Zone: 1.1400 – 1.1425
Stop Loss Level: 1.1000
Should price action for the EURUSD breakdown below 1.1050 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.1025
Take Profit Zone: 1.0900 – 1.0950
Stop Loss Level: 1.1075

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GBPCAD Fundamental Analysis – June 30th 2016


Here are the key factors to keep in mind today for British Pound trades:

British GfK Consumer Confidence Survey: The British GfK Consumer Confidence Survey for June was reported at -1. Economists predicted a figure of -2. Forex traders can compare this to the British GfK Consumer Confidence Survey for May which was reported at -1.
British GDP: The final British GDP for the first-quarter is predicted to increase by 0.4% quarterly and by 2.0% annualized. Forex traders can compare this to the previous British GDP for the first-quarter which increased by 0.4% quarterly and by 2.0% annualized.
British Current Account: The British Current Account for the first-quarter is predicted at -£28.0B. Forex traders can compare this to the British Current Account for the fourth-quarter which was reported at -£32.7B.
British Index of Services: British Index of Services for April is predicted to increase by 0.2% monthly and by 0.4% monthly over three months. Forex traders can compare this to the British Index of Services for March which decreased by 0.1% monthly and which increased by 0.6% monthly over three months.
Here are the key factors to keep in mind today for Canadian Dollar trades:

Canadian Raw Materials Price Index and Industrial Product Price Index: The Canadian Raw Materials Price Index for May is predicted to increase by 5.0% monthly and the Industrial Product Price Index by 0.4% monthly. Forex traders can compare this to the Canadian Raw Materials Price Index for April which increased by 0.7% monthly and to the Industrial Product Price Index which decreased by 0.5% monthly.
Canadian GDP: The Canadian GDP for April is predicted to increase by 0.1% monthly and by 1.4% annualized. Forex traders can compare this to the Canadian GDP for March which decreased by 0.2% monthly and which increased by 1.1% annualized.
Should price action for the GBPCAD remain inside the or breakout above the 1.7350 to 1.7400 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.7375
Take Profit Zone: 1.9000 – 1.9075
Stop Loss Level: 1.7000
Should price action for the GBPCAD breakdown below 1.7350 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.7325
Take Profit Zone: 1.7000 – 1.7050
Stop Loss Level: 1.7400

NZDUSD Fundamental Analysis – July 26th 2016


Here is the key factor to keep in mind today for New Zealand Dollar trades:

New Zealand Trade Balance: The New Zealand Trade Balance for June was reported at NZ$127M monthly and at -NZ$3,313M year-to-date. Economists predicted a figure of NZ$150M and of -NZ$3,300. Forex traders can compare this to the New Zealand Trade Balance for May which was reported at NZ$358M and at -NZ$3,633M. Exports were reported at NZ4.26B and Imports were reported at NZ4.13B. Economists predicted a figure of NZ$4.22B and of NZ$4.13B. Forex traders can compare this to Exports for May which were reported at NZ$4.57B and Imports which were reported at NZ$4.22B.
Here are the key factors to keep in mind today for US Dollar trades:

US S&P/Case-Shiller Composite 20: The US S&P/Case-Shiller Composite 20 for May is predicted to increase by 0.5% monthly and by 5.6% annualized. Forex traders can compare this to the US S&P/Case-Shiller Composite 20 for April which increased by 0.5% monthly and by 5.4% annualized.
US Markit Services PMI and Markit Composite PMI: The US Preliminary Markit Services PMI for July is predicted at 52.0. Forex traders can compare this to the first US Markit Services PMI for July which was reported at 51.4. The US Preliminary Markit Composite PMI for July is predicted at 51.2. Forex traders can compare this to the first US Markit Composite PMI for July which was reported at 51.2.
US Consumer Confidence: US Consumer Confidence for July is predicted at 95.5. Forex traders can compare this to US Consumer Confidence for June which was reported at 98.0.
US Richmond Fed Manufacturing Index: The US Richmond Fed Manufacturing Index for July is predicted at -5. Forex traders can compare this to the US Richmond Fed Manufacturing Index for June which was reported at -7.
US New Home Sales: US New Home Sales for June are predicted to increase by 1.6% monthly to 560K new homes. Forex traders can compare this to US New Home Sales for May which decreased by 6.0% monthly to 551K new homes.
Should price action for the NZDUSD remain inside the or breakout above the 0.7050 to 0.7100 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.7075
Take Profit Zone: 0.7300 – 0.7350
Stop Loss Level: 0.7000
Should price action for the NZDUSD breakdown below 0.7050 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.7000
Take Profit Zone: 0.6850 – 0.6900
Stop Loss Level: 0.7050

Gold Fundamental Analysis – August 17th 2016


Here are the key factors to keep in mind today for Gold trades:

New Zealand Producer Prices: New Zealand Producer Prices Inputs for the second-quarter increased by 0.9% quarterly and New Zealand Producer Prices Outputs increased by 0.2% quarterly. Forex traders can compare this to New Zealand Producer Prices Inputs for the first-quarter which decreased by 1.0% quarterly and to New Zealand Producer Prices Outputs which decreased by 0.2% quarterly.
New Zealand Employment Data: The Unemployment Rate for the second-quarter was reported at 5.1%. Economists predicted an Unemployment Rate of 5.3%. Forex traders can compare this to the Unemployment Rate for the first-quarter which was reported at 5.2%. The Employment Change for the second-quarter increased by 2.4% quarterly and by 4.5% annualized. Economists predicted an increase of 0.6% quarterly and 2.3% annualized. Forex traders can compare this to the Employment Change for the first-quarter which increased by 1.3% quarterly and 2.0% annualized. The Participation Rate for the second-quarter was reported at 69.7% quarterly. Economists predicted a Participation Rate of 68.8% quarterly. Forex traders can compare this to the Participation Rate for the first-quarter which was reported at 69.0% quarterly.
Australian Westpac Leading Index: The Australian Westpac Leading Index for July increased by 0.05% monthly. Forex traders can compare this to the Australian Westpac Leading Index for June which decreased by 0.22%.
Australian Wage Cost Index: The Australian Wage Cost Index for the second-quarter increased by 05% quarterly and by 2.1% annualized. Economists predicted an increase of 0.5% quarterly and 2.0% annualized. Forex traders can compare this to the Australian Wage Cost Index for the first-quarter which increased by 0.5% quarterly and 2.1% annualized.
UK Jobless Claims Change and Claimant Count Rate: UK Jobless Claims Change for July was reported at -8.6K and the Claimant Count Rate was reported at 2.2%. Economists predicted a reading of 9.0K and 2.2%. Forex traders can compare this to UK Jobless Claims Change for for June which was reported at 0.4K and the Claimant Count Rate which was reported at 2.2%.
UK Employment Change, ILO Unemployment Rate and Average Weekly Earnings: The UK Employment Change for the tri-monthly period ending in June was reported at 172K and the ILO Unemployment Rate at 4.9%. Economists predicted a reading of 153K and 4.9%. Forex traders can compare this to the UK Employment Change for May which was reported at 176K and to the ILO Unemployment Rate which was reported at 4.9%. Average Weekly Earnings for the tri-monthly period ending in June increased by 2.4% annualized and Average Weekly Earnings Excluding Bonuses increased by 2.3% annualized. Economists predicted an increase of 2.4% and of 2.3%. Forex traders can compare this to Average Weekly Earnings for May which increased by 2.3% and Average Weekly Earnings Excluding Bonuses which increased by 2.2%.
Should price action for Gold remain inside the or breakdown below the 1,340.00 to 1,350.00 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1,345.00
Take Profit Zone: 1,200.00 – 1,210.00
Stop Loss Level: 1,380.00
Should price action for Gold breakout above 1,350.00 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1,360.00
Take Profit Zone: 1,380.00 – 1,400.00
Stop Loss Level: 1,340.00

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BPUSD Fundamental Analysis – October 18th 2016


Here are the key factors to keep in mind today for British Pound trades:

UK CPI: The UK CPI for September is predicted to increase by 0.2% monthly and by 0.9% annualized. Forex traders can compare this to the UK CPI for August which increased by 0.3% monthly and by 0.6% annualized. The Core CPI for September is predicted to increase by 1.4% annualized. Forex traders can compare this to Core CPI for August which increased by 1.3% annualized.
UK PPI: The UK PPI Input for September is predicted to increase by 0.4% monthly and by 7.4% annualized. Forex traders can compare this to the UK PPI Input for August which increased by 0.2% monthly and by 7.6% annualized. The UK PPI Output for September is predicted to increase by 0.2% monthly and by 1.1% annualized. Forex traders can compare this to the UK PPI Output for August which increased by 0.1% monthly and by 0.8% annualized. The UK PPI Core Output for September is predicted to increase by 0.2% monthly and by 1.4% annualized. Forex traders can compare this to the UK PPI Core Output for August which increased by 0.2% monthly and by 1.3% annualized.
UK RPI: The UK RPI for September is predicted to increase by 0.1% monthly and by 2.0% annualized. Forex traders can compare this to the UK RPI for August which increased by 0.4% monthly and by 1.8% annualized. The UK RPI Excluding Mortgage Interest Payments for September is predicted to increase by 2.2% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for August which increased by 1.9% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US CPI: The US CPI for September is predicted to increase by 0.3% monthly and by 1.5% annualized. Forex traders can compare this to the US CPI for August which increased by 0.2% monthly and by 1.1% annualized. The US Core CPI for September is predicted to increase by 0.2% monthly and by 2.3% annualized. Forex traders can compare this to the US Core PPI for August which increased by 0.3% monthly and by 2.3% annualized.
US NAHB Housing Market Index: The US NAHB Housing Market Index for October is predicted at 63. Forex traders can compare this to the US NAHB Housing Market Index for September which was reported at 65.
Should price action for the GBPUSD remain inside the or breakout above the 1.2225 to 1.2275 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.2250
Take Profit Zone: 1.2800 – 1.2850
Stop Loss Level: 1.2100
Should price action for the GBPUSD breakdown below 1.2225 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.2175
Take Profit Zone: 1.2000 – 1.2050
Stop Loss Level: 1.2225

Analysis of SILVER 18.07.2019

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.100
• Take Profit Level: 16.450 (350 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 15.900
• Take Profit Level: 15.800 (100 pips)

GOLD
A possible long position at the breakout of the level 1430.00

USDCHF
A possible short position in the breakdown of the level 0.9840

GBPUSD
A possible long position at the breakout of the level 1.2485

USDJPY
A possible short position in the breakdown of the level 107.50

Analysis of EURJPY 19.07.2019
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 120.70
• Take Profit Level: 119.70 (100 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 121.35
• Take Profit Level: 121.85 (50 pips)

GOLD
A possible long position at the breakout of the level 1453.00

USDCHF
A possible short position in the breakdown of the level 0.9800

GBPUSD
A possible long position at the breakout of the level 1.2560

USDJPY
A possible long position at the breakout of the level 107.70

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USDCHF Fundamental Analysis – July 22nd 2019

Forex traders will get a light economic calendar on the first trading day of this week. Given the sell-off at the close of the US equity trading session on Friday and this morning’s risk-off session in Asia, safe haven assets such as the Swiss Franc are expected to outperform. Conflicting messages about a US interest rate cut by FOMC members has added uncertainty about the US Dollar. The USDCHF has been under selling pressure which only increased after this currency pair broke below parity. How long will this downtrend last? Follow the PaxForex Daily Fundamental Analysis and earn over 500 pips per month with the help of our expert analysts.

Here is the key factor to keep in mind today for US Dollar trades:

US Chicago Fed National Activity Index: The US Chicago Fed National Activity Index for June is predicted at 0.10. Forex traders can compare this to the US Chicago Fed National Activity Index for May which was reported at -0.05.
As the global economy continues to slow down sharply, the Swiss economy has provided a pocket of strength which added to the bullish sentiment in the Swiss Franc. The rise in tension in the Persian Gulf are also adding to the downtrend in the USDCHF which is likely to extend as forex traders are awaiting the next Fed meeting and as second-quarter earnings season will dominate over the next few weeks. Is now the right time to seek long trading opportunities in this currency pair or will the sell-off last? This morning’s fundamental analysis will explore scenarios in both directions.

Here are the key factors to keep in mind today for Swiss Franc trades:

Swiss Money Supply M3: Swiss Money Supply M3 for June is predicted to increase by 3.5% annualized. Forex traders can compare this to Swiss Money Supply M3 for May which increased by 3.4% annualized.
Swiss Total Sight Deposits and Swiss Domestic Sight Deposits: Swiss Total Sight Deposits for the week of July 19th are predicted at CHF577.6B and Swiss Domestic Sight Deposits are predicted reported at CHF478.9B. Forex traders can compare this to Swiss Total Sight Deposits for the week of July 12th which were reported at CHF579.0B and to Swiss Domestic Sight Deposits which were reported at CHF480.1B.
Should price action for the USDCHF remain inside the or breakdown below the 0.9780 to 0.9845 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.9835
Take Profit Zone: 0.9540 – 0.9600
Stop Loss Level: 0.9890
Should price action for the USDCHF breakout above 0.9840 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.9865
Take Profit Zone: 0.9965 – 1.0010
Stop Loss Level: 0.9815

USDJPY Fundamental Analysis – July 23rd 2019

Forex traders will get US housing data as well as a regional manufacturing index which is expected to add volume to US Dollar trades. Regional reports have come in mixed and highlighted cracks in the US economy. The USDJPY advanced off of its lows, but remains stuck in a tight trading range as an interest rate cut by the US Fed looms as the economy is cooling. Can bulls attempt a breakout or will bears force a reversal? Today’s fundamental analysis will take a look at the upside and downside potential of this currency pair.

Here are the key factors to keep in mind today for US Dollar trades:

US House Price Index: The US House Price Index for May is predicted to increase by 0.3% monthly. Forex traders can compare this to US House Price Index for April which increased by 0.4% monthly.
US Richmond Fed Manufacturing Index: The US Richmond Fed Manufacturing Index for July is predicted at 5. Forex traders can compare this to the US Richmond Fed Manufacturing Index for June which was reported at 3.
US Existing Home Sales: US Existing Home Sales for June are predicted to decrease by 0.1% monthly to 5.34M. Forex traders can compare this to US Existing Home Sales for May which increased by 2.5% monthly to 5.34M.
The Japanese Yen came under selling pressure as forex traders locked in floating trading profits after a strong rally. Given the elevated degree of geopolitical risks, this sell-off could be reversed quickly as demand for safe haven assets is expected to remain high. Later during today’s trading session, the next UK Prime Minister will be announced. Adding to bullish sentiment for the Japanese Yen was a research note which suggested that traders who seek a hedge for their portfolio will find a better suitor in the Japanese currency than gold. How will this impact the USDJPY? Subscribe to the PaxForex Daily Fundamental Analysis and earn more pips per trade!

Here is the key factor to keep in mind today for Japanese Yen trades:

Bank of Japan Core CPI: The Bank of Japan Core CPI for June increased by 0.6% annualized. Economists predicted an increase of 0.6%. Forex Traders can compare this to the Bank of Japan Core CPI for May which increased by 0.7% annualized.
Should price action for the USDJPY remain inside the or breakdown below the 107.800 to 108.300 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 108.150
Take Profit Zone: 104.600 – 105.250
Stop Loss Level: 109.000
Should price action for the USDJPY breakout above 108.300 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 108.800
Take Profit Zone: 109.900 – 110.650
Stop Loss Level: 108.150

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Pound falls for the third day in a row

On Tuesday, the British pound has been falling for the third day in a row, discouraged by a stronger dollar and fears that the new prime minister, whose name will become known later, will withdraw Britain from the European Union without a trade deal with the bloc.

The result of the Conservative Party election will be announced just after 10.00 GMT, with Brexiteer Boris Johnson widely expected to have beaten foreign minister Jeremy Hunt. The winner will become prime minister on Wednesday.

Johnson has declared that the Oct. 31 Brexit deadline is set in stone and Britain will leave the EU then even if no transitional trading arrangements are in place.

That belligerent tone has taken sterling 2% lower against the dollar this month, it has depreciated 11 weeks out of the past 12.

However, given Johnson is the overwhelming favorite to win the contest, a big sterling move after the announcement is seen as unlikely, with a greater focus on the new prime minister’s first speech in office and cabinet appointees.

Also, a slew of ministers who disagree with Johnson’s hard Brexit stance, including chancellor Philip Hammond are expected to resign, which should pressure the pound lower.

The pound fell 0.3% versus the dollar in the early morning at $1.2441, heading back towards recent two-year lows of $1.2382, battered also by a surge in the dollar.

Against the euro, it was down 0.2% at 89.97.

Recent weeks have seen investors sharply cut back on sterling positioning, with short positions growing to a 10-month high in the latest week, based on Commodity Futures Trading Commission data.

Sterling has also come under pressure in recent weeks from signs the Bank of England may backtrack on its earlier policy tightening signals.
Michael Saunders, a policymaker who has talked in recent months about the likely need for higher borrowing costs, was quoted as saying by Bloomberg that Brexit might stop the BOE from raising interest rates.

Forex trading recommendations:

EURUSD: Buy. Entry point – 1, 1191. Take profit – 1, 1208. Stop Loss – 1, 1162.

GBPUSD: Buy. Entry point– 1, 243. Take Profit – 1, 2457. Stop Loss – 1, 2383.

USDCAD: Buy. Entry point – 1, 3135. Take Profit – 1, 3151. Stop Loss – 1, 3108.

EURAUD Fundamental Analysis – July 24th 2019

Forex traders will get a heavy dose of PMI data out of the Eurozone which is likely to dictate trading in the Euro for the trading day. Economists predict a minor slowdown in July across the board with the German Manufacturing PMI in focus. The tariff threat by US President Trump on the Eurozone auto sector still looms, but bullish momentum in the EURAUD is building as this currency pair is ripe for a short-covering rally. How will this morning’s data impact price action? Follow the PaxForex Daily Fundamental Analysis where you can grow your balance trade-by-trade!

Here are the key factors to keep in mind today for Euro trades:

French Business Survey: The French Business Survey for July is predicted at 102. Forex traders can compare this to the French Business Survey for June which was reported at 102.
French Manufacturing PMI, Services PMI and Composite PMI: The Preliminary French Markit Manufacturing PMI for July is predicted at 51.6. Forex traders can compare this to the French Markit Manufacturing PMI for for June which was reported at 51.9. The Preliminary French Markit Services PMI for July is predicted at 52.8. Forex traders can compare this to the French Markit Services PMI for for June which was reported at 52.9. The Preliminary French Markit Composite PMI for July was reported at 52.5. Forex traders can compare this to the French Markit Composite PMI for for June which was reported at 52.7.
German Manufacturing PMI, Services PMI and Composite PMI: The Preliminary German Markit Manufacturing PMI for July is predicted at 45.2. Forex traders can compare this to the German Markit Manufacturing PMI for for June which was reported at 45.0. The Preliminary German Markit Services PMI for July is predicted at 55.2. Forex traders can compare this to the German Markit Services PMI for for June which was reported at 55.8. The Preliminary German Markit Composite PMI for July is predicted at 52.3. Forex traders can compare this to the German Markit Composite PMI for for June which was reported at 52.6.
Eurozone Manufacturing PMI, Services PMI and Composite PMI: The Preliminary Eurozone Markit Manufacturing PMI for July is predicted at 47.6. Forex traders can compare this to the Eurozone Markit Manufacturing PMI for for June which was reported at 47.6. The Preliminary Eurozone Markit Services PMI for July is predicted at 53.3. Forex traders can compare this to the Eurozone Markit Services PMI for for June which was reported at 53.6. The Preliminary Eurozone Markit Composite PMI for July is predicted at 52.1. Forex traders can compare this to the Eurozone Markit Composite PMI for for June which was reported at 52.2.
Eurozone Money Supply M3: Eurozone Money Supply M3 for June is predicted to increase by 4.6% annualized. Forex traders can compare this to Eurozone Money Supply M3 for May which increased by 4.8% annualized.
Australian PMI data for July showed a continuation of the economic slowdown as all three gauges decreased and came closer to the 50.0 mark which separates expansion from contraction. The Australian Dollar came under pressures which lifted the EURAUD off of strong support levels. Will this turn into a bigger price action reversal? Today’s fundamental analysis will take a look at the upside potential in this currency pair and evaluate the downside risk.

Here are the key factors to keep in mind today for Australian Dollar trades:

Australian CBA Manufacturing PMI, CBA Services PMI and CBA Composite PMI: The Preliminary Australian Manufacturing PMI for July was reported at 51.4. Forex traders can compare this to the Australian CBA Manufacturing PMI for June which was reported at 52.0.The Preliminary Australian CBA Services PMI for July was reported at 51.9. Forex traders can compare this to the Australian CBA Services PMI for June which was reported at 52.6. The Preliminary Australian CBA Composite PMI for July was reported at 51.8. Forex traders can compare this to the Australian CBA Composite PMI for for June which was reported at 52.5.
Australian Skilled Vacancies: Australian Skilled Vacancies for June decreased by 0.6% monthly. Forex traders can compare this to Australian Skilled Vacancies for May which decreased by 1.1% monthly.
Should price action for the EURAUD remain inside the or breakout above the 1.5920 to 1.6010 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.5965
Take Profit Zone: 1.6260 – 1.6360
Stop Loss Level: 1.5895
Should price action for the EURAUD breakdown below 1.5920 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.5895
Take Profit Zone: 1.5680 – 1.5735
Stop Loss Level: 1.5965
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Are you managing your portfolio with the best forex platform available to you? Take a look at what PaxForex offers its traders and join our fast growing community now!

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Bitcoin - Forex Combo Strategy: Bitcoin Hodling on the Rise

Welcome fellow followers and new subscribers to this week’s edition of my Bitcoin - Forex Combo Strategy. Cryptocurrencies are testing support levels and I think this could last for a bit longer. Bitcoin is trading at a double support level, but a breakdown below $9,000 is still a viable option as I see the case for a test of the $8,870 mark. Overall, the bullish trend remains intact and I can only reiterate what I have stated during last week’s update “Bitcoin - Forex Combo Strategy: Is Dash Threatening Bitcoin?”, that any drop below $10,000 is a great buying opportunity. I am looking to add to my position of price action drops to its next support level.

I remain very bullish on Bitcoin and this extends to Ripple, despite its recent drop, and I think Litecoin has great potential to close 2019 at a high note. My bearishness in Ethereum remains, unfortunately I closed my short position a bit pre-maturely but I was shoring up capital for my investments in Bitcoin and Ripple. I currently hodl 500 Bitcoin at an average entry price of $8,500, 40,000,000 Ripple at an average entry price of $0.3388 and 20,000 Litecoin which I bought at $77.00. The three charts below show my Bitcoin, Ripple and Litecoin holdings.

Now let’s take a look into hodling Bitcoin which is gaining popularity, or is it? That depends on how you interpret the data. CoinMetrics released data which showed that the untouched Bitcoin supply rose to an all-time high and clocked in at 21.6%. Untouched supply refers to Bitcoins which have not been transferred from wallets and Coin Metrics released data which shows hodling periods between 180 days and two years. This would suggests that Bitcoin is evolving from being used as a way to purchase goods and services in the digital economy to storing value. I have pointed this out last week and stated “ It is great to have Gold in your portfolio, but you will never pay your bills using it. It is more of a store for value and Bitcoin is rightfully labeled Digital Gold in professional circles.”

Some believe that this is a positive development, while others are concerned about it. Die-hard Bitcoin bulls who think we will go to the moon, as far as price action is concerned, will welcome the fact that Bitcoin is being hodled. They will argue that investors are gearing up for a massive bull market which is why untouched supply levels are hitting new all-time highs. Before jumping to conclusions, let’s not forget the scores who bought Bitcoin between $15,000 and $20,000 and who are now simply stuck with them, hoping that it will pay off soon. They are likely to head for the exits as soon as they can turn a profit.

Another fact to consider when looking at the data is that over the past 180 to 360 days, the price of Bitcoin has recovered from the 2018 Crypto Winter and more than triple in value. This would explain why Bitcoin has not been moved out of wallets over a 180 day time period. CoinMetrics stated “Although the size of the BTC supply has been consistently growing, the percent of the overall supply of BTC that has been untouched for at least five years also recently reached a five year high of 21.6%.” A five year period is quite a long time for any asset to remain untouched.

This was picked up by Tuur Demeester who added “I’m not so sure, 5 years without updating your cold storage method is a long time in Bitcoin. IMO most of these coins are likely lost.” This brings up a very valid point. The combination of investors waiting to recover their losses and the potential of lost coins puts the 21.6% untouched supply figure in a different perspective. Finally, institutional investors have entered the space and starting to hodl Bitcoin for the time being. Those position can exit the market as quickly as they entered.

While CoinMetrics look at five year hodl positions, I think that’s a bit stretched. The data over the past two years has plenty of one-off impacts which further distorts the overall picture. Overall, the data we have is not sufficient and leaves plenty of room for interpretation. I do think that Bitcoin should be considered as value storage, just like gold is, and hodling Bitcoin from current levels until we reach new all-time highs above $20,000 makes perfect sense to me. I am sure that in two years the data in regards to untouched positions may paint a different picture.

Let’s move to my forex portfolio now. Last week I finished with a 100 lots short position in the NZDUSD which I took on July 16th 2019 at 0.6730 for a margin requirement of $14,009 with a pip value of $1,000.00 and with a 100 lots long position in the EURCAD which I took on July 17th 2019 at 1.4650 for a margin requirement of $22,437 with a pip value of $765.36. Both positions remain open as price action moved little to warrant an exit or addition. The two charts show both my open forex positions.

On July 18th 2019 I bought 100 lots in the GBPJPY at 134.000 for a margin requirement of $24,957 with a pip value of $925.31. The trading recommendation can be found at “GBPJPY Fundamental Analysis – July 18th 2019”. On July 22nd 2019 I sold 100 lots in the USDCHF at 0.9835 for a margin requirement of $20,000 with a pip value of $1,014.56 according to this trading recommendation “USDCHF Fundamental Analysis – July 22nd 2019”. Finally, earlier this morning, I added a 100 lots log position in the EURAUD at 1.5965 according to this trading recommendation “EURAUD Fundamental Analysis – July 24th 2019”. The margin requirement was $22,285 with a pip value of $698.13. The three charts below show my added forex trades.

Here is the summary of my Bitcoin - Forex Combo portfolio: I hodl 500 Bitcoins worth $4,823,650, 40,000,000 Ripple worth $11,960,000 and 20,000 Litecoin worth $1,784,600 plus a total cash portfolio worth $1,182,404. In addition I have the following forex positions in my portfolio: a 100 lots NZDUSD short position worth $27,009, a 100 lots EURCAD long position worth $23,967, a 100 lots GBPJPY long position worth $102,683, a 100 lots USDCHF short position worth -$2,320 and a 100 lots EURAUD long position worth $22,285. My total Bitcoin - Forex Combo portfolio is worth $19,924,278, down $92,380 from last week’s value of $20,016,658 and further away from my all-time high$22,426,696. As I expect that volatility in cryptocurrencies will stay with us this summer, my balance will gyrate with my hodl positions. At the same time I anticipate that my forex positions will boost my cash balance which I plan to reinvest into cryptocurrencies, especially if we extend down to next support levels. I remain bullish and so should you, ignore stories about collapse in the sector and avoid fake news. Stick to the facts and price action, follow my Bitcoin - Forex Combo Strategy and open your own PaxForex Trading Account. Grow your balance with my guidance and simply comment below with any questions you may have and I will be happy to help you get started with my Bitcoin - Forex Combo Strategy!