Everyday Fundamental Analysis from Paxforex

[PaxForex]

EURGBP Fundamental Analysis – August 5th 2019
EUR/GBP - Forex Trading News on May 14th
Forex traders will get final PMI data out of the Eurozone for July and economists anticipate no change. Investor confidence on the other hand is predicted to slide further in August as the Eurozone economy continues to weaken. The ECB is now likely to step in which will pressure the Euro to the downside. With a no-deal Brexit on the horizon, how will the EURGBP perform over the next few weeks? Subscribe to the PaxForex Daily Fundamental Analysis and join our fast growing community of profitable forex traders!

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

Italian Services PMI and Composite PMI: The Italian Markit Services PMI for July is predicted at 50.6. Forex traders can compare this to the Italian Markit Services PMI for June which was reported at 50.5. The Italian Markit Composite PMI for July is predicted at 50.1. Forex traders can compare this to the Italian Markit Composite PMI for June which was reported at 50.1.
French Services PMI and Composite PMI: The Final French Markit Services PMI for July is predicted at 52.2 Forex traders can compare this to the previous French Markit Services PMI for for July which was reported at 52.2. The Final French Markit Composite PMI for July is predicted at 51.7. Forex traders can compare this to the previous French Markit Composite PMI for for July which was reported at 51.7.
German Services PMI and Composite PMI: The Final German Markit Services PMI for July is predicted at 55.4. Forex traders can compare this to the previous German Markit Services PMI for for July which was reported at 55.4. The Final German Markit/BME Composite PMI for July is predicted at 51.4. Forex traders can compare this to the previous German Markit/BME Composite PMI for for July which was reported at 51.4.
Eurozone Services PMI and Composite PMI: The Final Eurozone Markit Services PMI for July is predicted at 53.3. Forex traders can compare this to the previous Eurozone Markit Services PMI for for July which was reported at 53.3. The Final Eurozone Markit Composite PMI for July is predicted at 51.5. Forex traders can compare this to the previous Eurozone Markit Composite PMI for for July which was reported at 51.5.
Eurozone Sentix Investor Confidence: Eurozone Sentix Investor Confidence for August is predicted at -7.0. Forex traders can compare this to Eurozone Sentix Investor Confidence for July which was reported at -5.8.
Economists predict that the key UK services sector improved in July, despite a no deal Brexit more likely. UK services companies are working through the uncertain environment and adding more business. How will this impact the British Pound? With less than 100 days until Brexit, the British currency came under heavy selling pressure, is now the time to go long? This morning’s fundamental analysis will explore both direction in the EURGBP which has rallied into strong resistance.

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

UK Markit/CIPS Services PMI and Markit/CIPS Composite PMI: The UK Markit/CIPS Services PMI for July is predicted at 50.4 and the UK Markit/CIPS Composite PMI is predicted at 49.8. Forex traders can compare this to the UK Markit/CIPS Services PMI for June which was reported at 50.2 and to the UK Markit/CIPS Composite PMI which was reported at 49.7.
Should price action for the EURGBP remain inside the or breakdown below the 0.9145 to 0.9200 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.9180
Take Profit Zone: 0.8830 – 0.8890
Stop Loss Level: 0.9235
Should price action for the EURGBP breakout above 0.9200 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.9245
Take Profit Zone: 0.9310 – 0.9370
Stop Loss Level: 0.9200
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Does your forex platform and your forex broker create the proper trading environment for your balance to grow? Find out why more forex traders join PaxForex every day and how this can improve your trading results!

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NZDJPY Fundamental Analysis – August 6th 2019

Following yesterday’s global sell-off which drove traders to safe-haven assets such as gold and bonds, forex traders are now shifting through the aftermath. A light economic calendar will ease the pressure, but US President Trump’s escalation of the trade war with China will continue to dominate. New Zealand reported a better-than-expected employment report for the second-quarter, despite the ongoing glowing slowdown which gave a boost to the New Zealand Dollar as the RBNZ lowered its inflation expectations. The NZDJPY bounced off of strong support levels, but can the recovery last? This morning’s fundamental analysis will explore the options for price action moving forward.

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

New Zealand Employment Data: The Unemployment Rate for the second-quarter was reported at 3.9%. Economists predicted an Unemployment Rate of 4.3%. Forex traders can compare this to the Unemployment Rate for the first-quarter which was reported at 4.2%. The Unemployment Change for the second-quarter increased by 0.8% quarterly and by 1.7% annualized. Economists predicted an increase of 0.3% quarterly and of 1.2% annualized. Forex traders can compare this to the Unemployment Change for the first-quarter which decreased by 0.1% quarterly and which increased by 1.5% annualized. The Participation Rate for the second-quarter was reported at 70.4%. Economists predicted a Participation Rate of 70.4% quarterly. Forex traders can compare this to the Participation Rate for the first-quarter which was reported at 70.4%. Private Wages ex Overtime for the second-quarter increased by 0.8% quarterly. Economists predicted an increase of 0.7% quarterly. Forex traders can compare this to Private Wages ex Overtime for the first-quarter which increased by 0.3% quarterly. Labor Cost Private Sector for the second-quarter increased by 0.8% quarterly. Economists predicted an increase of 0.7% quarterly. Forex traders can compare this to Labor Cost Private Sector for the first-quarter which increased by 0.3% quarterly. Average Hourly Earnings for the second-quarter increased by 1.1% quarterly. Economists predicted an increase of 0.5% quarterly. Forex traders can compare this to Labor Cost Private Sector for the first-quarter which increased by 1.1% quarterly.
Reserve Bank of New Zealand 2-Year Inflation Expectations: Reserve Bank of New Zealand 2-Year Inflation Expectations for the third-quarter increased by 1.86%. Forex traders can compare this to Reserve Bank of New Zealand 2-Year Inflation Expectations for the second-quarter which increased by 2.01%.
The Japanese Yen was in demand yesterday as forex traders fled to safe haven assets. The Bank of Japan cautioned markets against excessive strength in the Japanese currency and warned of intervention. Economic data released out of Japan showed better-than-expected household spending data as labor cash earnings improve. The Japanese Leading Index contracted further and a sales tax is looming over the Japanese consumer as the global economy is cooling. Is now the time to short the Japanese Yen for a short-term reversal? Follow the PaxForex Daily Fundamental Analysis and get your NZDJPY trading set-up today!

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

Japanese Household Spending: Japanese Household Spending for June increased by 2.7% annualized. Economists predicted an increase of 1.1% annualized. Forex traders can compare this to Japanese Household Spending for May which increased by 4.0% annualized.
Japanese Labor Cash Earnings and Japanese Real Cash Earnings: Japanese Labor Cash Earnings for June increased by 0.4% annualized and Japanese Real Cash Earnings decreased by 0.5% annualized. Economists predicted a decrease of 0.6% and of 1.5%. Forex traders can compare this to Japanese Labor Cash Earnings for May which decreased by 0.5% annualized and to Japanese Real Cash Earnings which decreased by 1.3% annualized.
Japanese Leading Index and Japanese Coincident Index: The Preliminary Japanese Leading Index for June was reported at 93.3 and the Preliminary Japanese Coincident Index was reported at 100.4. Economists predicted a figure of 93.5 and of 100.4. Forex traders can compare this to the Japanese Leading Index for May which was reported at 94.9 and to the Japanese Coincident Index which was reported at 103.4.
Should price action for the NZDJPY remain inside the or breakout above the 69.150 to 70.000 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 69.600
Take Profit Zone: 72.200 – 73.200
Stop Loss Level: 69.000
Should price action for the NZDJPY breakdown below 69.150 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 68.750
Take Profit Zone: 66.150 – 66.950
Stop Loss Level: 69.150
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Forex trading for beginners can be an overwhelming task, find out now how PaxForex helps every trader to get the most from the forex market and why more traders every day prefer to trade at PaxForex!

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https://paxforex.com/forex-blog/us-china-trade-war-escalates-further

US-China Trade War Escalates Further
US-China Trade War Escalates Further
US President Trump decided last week to escalate the trade he started with China by announcing a 10% tariff on $300 billion worth of Chinese imports starting September 1st 2019. This would essentially tariff all Chinese imports to the US and sources claim that he acted against the recommendation of his top advisors. After Trump announced his decision, market entered a risk-off mood as traders awaited the Chinese response. It was delivered yesterday and send US equity markets into their worst sell-off of 2019 with the Dow Jones at one point almost off by 1,000 points.

China allowed its Yuan to breach the coveted 7 mark to the upside against the US Dollar in a sign that the world’s second largest economy sees no end to the trade war. Trump, in his usual manner, took to Twitter and tweeted “China dropped the price of their currency to an almost a historic low. It’s called ‘currency manipulation.’ Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!” While the Yuan took the headlines in the forex market, this was only one part of the Chinese response to Trump’s new tariff.

The Chinese government directed companies to stop purchasing US agricultural goods and also noted that it may apply tariffs on all imports dating back to August 3rd 2019, the day Trump announced the new tariff on Chinese imports. Chris Krueger from Cowen Inc. summed up this move by adding “While there were measures that could have been chosen with larger direct effects on supply chains, the announcements from Beijing represent a direct shot at the White House and seem designed for maximum political impact. We expect a quick (and possibly intemperate) response from the White House, and consequently expect a more rapid escalation of trade tensions.” This has additionally increased expectations that the US Fed will cut interest rates again in September.

Is now the time to sell the US Dollar as the US Fed may feel forced to cut interest rates further while the US economy will accelerate its slowdown? The global economy is heading towards a global recession as US President Trump is waging his trade war which will now have a bigger direct negative impact on US consumers. Follow the PaxForex Daily Fundamental Analysis now, where you earn more pips per trade!

After the Chinese government allowed the Yuan to move past the 7 mark, investors are now wondering if China will dump some of its US Treasuries in order to retaliate against Trump’s tariffs. Stephen Roach of Yale noted “Most people didn’t think they’d use the currency weapon and they’ve used that, and used it surgically. So conceivably, they might consider other options, and you can’t rule out the Treasuries option. “ China has started to shrink its holdings which are likely to fall further. Sebastien Galy, Senior Macro Strategist at Nordea Investment Funds, noted “Once China doesn’t show up in the direct auction bids, the U.S. Treasury will know it. And their bids via indirect bids, through the banks, if China doesn’t show up, the banks will know it immediately.” The US-China trade war escalates further, but here are three trades to boost your profitability!

Forex Profit Set-Up #1; Buy AUDUSD - D1 Time-Frame

The Australian Dollar remains the top Yuan proxy currency and with US President Trump attempting to force his own central bank to slash interest rates further, the AUDUSD is poised to enter a short-covering rally. Price action is currently depleting bearish momentum inside of its horizontal support area from where a breakout is expected. This would clear the path to the upside until the AUDUSD can challenge its next horizontal resistance level and extend its rally into its primary descending resistance level. Forex traders are recommended to spread their buy orders inside of its horizontal resistance area.

The CCI is trading in extreme oversold conditions, but started to recover and is now on its way to complete a breakout above the -100 mark which is anticipated to attract the next wave of buy orders. Open your PaxForex Trading Account now and join our fast growing community of profitable forex traders!

Forex Profit Set-Up #2; Sell USDZAR - D1 Time-Frame

With the US Dollar facing a combination of headwinds, forex traders are anticipated to reduce their exposure. The USDZAR started to lose bullish momentum after price action was rejected by its horizontal resistance area, enforced by its primary descending resistance level. This currency pair is now favored to accelerate to the downside until it can test the strength of its next horizontal support level. Selling any rallies in the USDZAR into the upper band of its horizontal resistance area remains the favored trading approach.

The CCI is trading in extreme overbought territory, but off of its most recent intra-day high. This momentum indicator is now expected to plunge below 100 which is likely to accelerate the sell-off. Download your PaxForex MT4 Trading Platform and find out why more forex traders every day prefer to grow their balance at PaxForex!

Forex Profit Set-Up #3; Buy LTCUSD - D1 Time-Frame

Cryptocurrencies offer a great way to diversify into an asset class which is not as inter-connected to the rest of the global financial system as other options. LTCUSD has bounced off of the upper band of its horizontal support area which resulted in a sharp increase in bullish momentum. Price action has been guided higher by its secondary ascending support level and is now anticipated to complete a breakout above its secondary descending resistance level. This would allow LTCUSD to extend its rally until it will reach its primary descending resistance level.

The CCI briefly spiked into extreme overbought conditions, but has since reversed while remaining in bullish territory. This momentum indicator is now expected to once again accelerate to the upside. Subscribe to the PaxForex Daily Forex Technical Analysis where you can reap the easy profits as a result of the hard work of our expert analysts!

[PaxForex]

https://paxforex.com/forex-analysis/USDCHF-6-08-2019

Analysis of USDCHF 6.08.2019

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 0.9690
• Take Profit Level: 0.9600 (90 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9770
• Take Profit Level: 0.9800 (30 pips)

GOLD
A possible long position at the breakout of the level 1420.00

USDJPY
A possible long position at the breakout of the level 106.80

EURUSD
A possible long position at the breakout of the level 1.1250

GBPUSD
A possible long position at the breakout of the level 1.2210

[PaxForex]

How Currencies’ Prices Affect The Stock Market?

The currency market and stock market are playing a key role in international business all over the world. It is necessary to understand the relationship between both markets so that the investors may be able to invest in a better way by taking the minimum risk. One issue with using global equity markets to make forex trading decisions is figuring out which leads which. Many factors move the stock market, but the strength of a country’s currency can have a surprisingly large bearing. Rising currencies may serve to help share prices in one country and hinder them in another. It largely depends on where companies in a country make their money – home or abroad.

Foreign currency rates have a direct impact on the price and value of stocks in foreign countries, and changes in exchange rates will increase or decrease the cost of doing business in a country, which will affect the price of stocks of companies doing business abroad. While long-term movements in exchange rates are affected by fundamental market forces of supply and demand and purchase price parity, short-term movements are driven by news, events and futures trading and are difficult to predict. Domestic investors invest more in the domestic market when there is an increase in prices of assets which in turn increase the demand for local currency and also increase the behavior of selling foreign assets.

The increase in demand for local currency will force the interest rates to become higher which will ultimately attract the foreign investors to invest and gain maximum benefit. The exchange rate of the local currency will appreciate against foreign currency and will show a negative relationship. Traditional approach advocates that there is a positive relationship between the stock market and exchange market and the causality runs from exchange rate to the stock market. It suggests that a positive relationship between stock prices and exchange rates exists when local currency depreciates and local firms become more competitive which leads to an increase in their exports. This will result in an ultimate increase in stock prices.

When you own shares from other countries around the globe, the diversification benefits come mainly from your currency exposure. Investments made in the U.S. are denominated in dollars, but unless you are hedging out the currency risk, owning international stocks means you are also subject to fluctuations in local currencies when converting back into dollars. When the dollar is strong, U.S. stocks tend to outperform international equities. And when the dollar is weak, international stocks tend to outperform. This is all from the perspective of a U.S.-based investor, and the relationships would be reversed for a foreign investor in U.S. stocks.

As a currency trader, it is always good to look for correlations between other financial markets. These links can effectively indicate the price direction, which is useful when it comes to making trading decisions. As a trader, you need to remember that there is no such thing as a fixed correlation. Over time, economic circumstances can change which can alter existing correlations. Stock markets and currency markets tend to react in a fairly stable manner to something like interest rate adjustments at this moment in time. However, as economic events unfold nothing is stopping this change.

[PaxForex]

Analysis of EURAUD 7.08.2019

https://paxforex.com/forex-analysis/EURAUD-7-08-2019

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.6800
• Take Profit Level: 1.6900 (100 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.6600
• Take Profit Level: 1.6550 (50 pips)

USDJPY
A possible short position in the breakdown of the level 105.80

EURUSD
A possible long position at the breakout of the level 1.1220

USDCHF
A possible short position in the breakdown of the level 0.9730

GBPUSD
A possible short position in the breakdown of the level 1.2120

[PaxForex]

Analysis of EURZAR 8.08.2019

https://paxforex.com/forex-analysis/EURZAR-8-08-2019

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 17.0800
• Take Profit Level: 17.2200 (1400 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.7500
• Take Profit Level: 16.7000 (500 pips)

USDJPY
A possible short position in the breakdown of the level 105.50

GOLD
A possible long position at the breakout of the level 1510.00

USDCHF
A possible short position in the breakdown of the level 0.9690

EURUSD
A possible long position at the breakout of the level 1.1240

[PaxForex]

Analysis of GBPJPY 9.08.2019

Video Analysis of GBPJPY 9.08.2019 - PAXFOREX

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 128.10
• Take Profit Level: 127.00 (110 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 129.40
• Take Profit Level: 130.00 (60 pips)

GOLD
A possible long position at the breakout of the level 1511.00

USDJPY
A possible short position in the breakdown of the level 105.50

EURUSD
A possible short position in the breakdown of the level 1.1170

GBPUSD
A possible short position in the breakdown of the level 1.2090

[PaxForex]

Analysis of EURJPY 13.08.2019

J

oin PaxForex broker https://paxforex.com/home/newt

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 117.50
• Take Profit Level: 116.50 (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 118.30
• Take Profit Level: 118.80 (50 pips)

GOLD
A possible long position at the breakout of the level 1528.00

USDCHF
A possible short position in the breakdown of the level 0.9680

GBPUSD
A possible short position in the breakdown of the level 1.2035

USDJPY
A possible short position in the breakdown of the level 105.00

[PaxForex]

AUDJPY Fundamental Analysis – August 22nd 2019

The Australian Dollar hovered near support levels despite a surprise drop in the CBA Services as well as Composite PMI’s for August. This morning’s data was the latest sign that the global economy extends it slowdown which has increased hopes for more stimulus around the world. The AUDJPY pushed above its horizontal support area as bullish momentum rose. Can this breakout lead to more upside potential in this currency pair. Subscribe to the PaxForex Daily Fundamental Analysis and join one of the fastest growing trading communities in the forex market.

Further erasing bullish momentum during the Asian trading session were two economic reports out of Japan which indicated the economy is slowing. The Nikkei Manufacturing PMI clocked in below 50, indicating an extension of the contraction while the All Industry Activity Index plunged by 0.8%. The Bank of Japan has hinted that it will not tolerate a strong Japanese Yen as it hurts its export focused economy. Will forex traders rotate out of long Japanese Yen trades and how will this impact price action in the AUDJPY? This morning’s fundamental analysis will take a look in both directions.

learn more AUDJPY Fundamental Analysis – August 22nd 2019

[PaxForex]

NZDJPY Fundamental Analysis – August 29th 2019

https://paxforex.com/forex-fundamental-analysis/nzdjpy-august-29th-2019

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[PaxForex]

Analysis on MCDONALDS 30.08.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 222.00
• Take Profit Level: 225.00 (300 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 219.00
• Take Profit Level: 218.00 (100 pips)

USDJPY
A possible long position at the breakout of the level 116.70

EURUSD
A possible short position in the breakdown of the level 1.1030

USDCHF
A possible long position at the breakout of the level 0.9900

GBPUSD
A possible short position in the breakdown of the level 1.2150

Analysis on MCDONALDS 30.08.2019 - PAXFOREX

[PaxForex]

ANALYSIS ON GOLD 4.09.2019

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1555.00
• Take Profit Level: 1570.00 (1500 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1515.00
• Take Profit Level: 1505.00 (1000 pips)

USDJPY
A possible long position at the breakout of the level 106.30

EURUSD
A possible long position at the breakout of the level 1.1025

USDCHF
A possible short position in the breakdown of the level 0.9835

GBPUSD
A possible long position at the breakout of the level 1.2220

Video Analysis on GOLD 4.09.2019 - PAXFOREX

[PaxForex]

EURUSD Fundamental Analysis – September 5th 2019

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

German Factory Orders: German Factory Orders for July decreased by 2.7% monthly and by 5.6% annualized. Economists predicted a decrease of 1.4% monthly and of 2.4% annualized. Forex traders can compare this to German Factory Orders for June which increased by 2.7% monthly and which decreased by 3.5% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US ADP Employment Change: The US ADP Employment Change for August is predicted at 148K. Forex traders can compare this to the US ADP Employment Change for July which was reported at 156K.
US Non-Farm Productivity and Unit Labor Costs: Final US Non-Farm Productivity for the second-quarter is predicted to increase by 2.2% quarterly and Unit Labor Costs are predicted to increase by 2.4% quarterly. Forex traders can compare this to previous US Non-Farm Productivity for the second-quarter which increased by 2.3% quarterly and to Unit Labor Costs which increased by 2.4% quarterly.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of August 31st are predicted at 215K and US Continuing Claims for the week of August 24th are predicted at 1,688K. Forex traders can compare this to US Initial Jobless Claims for the week of August 24th which were reported at 215K and to US Continuing Claims for the week of August 17th which were reported at 1,698K.
US Markit Services PMI and Markit Composite PMI: The US Final Markit Services PMI for August is predicted at 50.9 and the US Final Markit Composite PMI is predicted at 50.9. Forex traders can compare this to the previous US Markit Services PMI for August which was reported at 50.9 and to the previous US Markit Composite PMI which was reported at 50.9.
US Factory Orders: US Factory Orders for July are predicted to increase by 1.0% monthly. Forex traders can compare this to US Factory Orders for June which increased by 0.6% monthly.
US ISM Non-Manufacturing PMI: US ISM Non-Manufacturing PMI for August is predicted at 54.0. Forex traders can compare this to the US ISM Non-Manufacturing PMI for July which was reported at 53.7. The ISM Non-Manufacturing Business Activity Index for August is predicted at 53.3. Forex traders can compare this to the ISM Non-Manufacturing Business Activity Index for July which was reported at 53.1.
Should price action for the EURUSD remain inside the or breakout above the 1.1000 to 1.1060 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.1030
Take Profit Zone: 1.1165 – 1.1250
Stop Loss Level: 1.0990
Should price action for the EURUSD breakdown below 1.1000 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.0965
Take Profit Zone: 1.0820 – 1.0840
Stop Loss Level: 1.1000

https://paxforex.com/forex-fundamental-analysis/eurusd-september-5th-2019

[PaxForex]

ANALYSIS OF AIG 19.09.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 57.50
• Take Profit Level: 58.50 (100 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 56.20
• Take Profit Level: 55.80 (40 pips)

read more… Video Analysis of AIG 19.09.2019 - PAXFOREX

[PaxForex]

Analysis of USDCAD 4.10.2019

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.3350
• Take Profit Level: 1.3420 (70 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.3300
• Take Profit Level: 1.3270 (30 pips)

USDJPY
A possible short position in the breakdown of the level 106.50

GOLD
A possible long position at the breakout of the level 1520.00

USDCHF
A possible short position in the breakdown of the level 0.9750

EURUSD
A possible long position at the breakout of the level 1.1000

[PaxForex]

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

US JOLTS Job Openings: US JOLTS Job Openings for August a predicted at 7.191M. Forex traders can compare this to US JOLTS Job Openings for September which were reported at 7.217M.
US Wholesale Inventories and Trade Sales: US Final Wholesale Inventories for August are predicted to increase by 0.4% monthly. Forex traders can compare this to previous US Wholesale Inventories for August which increased by 0.4% monthly. US Wholesale Trade Sales for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Trade Sales for July which increased by 0.3% monthly.
FOMC Minutes: The US Federal Reserve will release minutes from its last meeting today and forex traders will look for any potential change in the wording used which could give insight to future monetary policy adjustments.
Here is the key factor to keep in mind today for Mexican Peso trades:

Mexican CPI: The Mexican CPI for September is predicted to increase by 0.25% monthly and by 2.99% annualized. Forex traders can compare this to the Mexican CPI for August which was reported flat at 0.00% monthly and which increased by 3.16% annualized. The Mexican Core CPI for September is predicted to increase by 0.29% monthly. Forex traders can compare this to the Mexican Core CPI for August which increased by 0.20% monthly. The Mexican Bi-Weekly CPI for the week ending September 30th is predicted to increase by 0.10% monthly and by 2.98% annualized. Forex traders can compare this to the Mexican Bi-Weekly CPI for the week ending September 16th which increased by 0.17% monthly and by 2.99% annualized. The Mexican Bi-Weekly Core CPI for the week ending September 30th is predicted to increase by 0.09% monthly. Forex traders can compare this to the Mexican Bi-Weekly Core CPI for the week ending September 16th which increased by 0.19% monthly.
Should price action for the USDMXN remain inside the or breakdown below the 19.5050 to 19.6530 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 19.6050
Take Profit Zone: 19.1900 – 19.3185
Stop Loss Level: 19.7425
Should price action for the USDMXN breakout above 19.6530 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 19.7425
Take Profit Zone: 19.9890 – 20.2545
Stop Loss Level: 19.6530

USDMXN Fundamental Analysis – October 9th 2019

[PaxForex]

ANALYSIS OF APPLE 15.10.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 237.50
• Take Profit Level: 240.00 (250 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 231.60
• Take Profit Level: 230.00 (160 pips)

USDJPY
A possible long position at the breakout of the level 108.50

GOLD
A possible short position in the breakdown of the level 1487.00

USDCHF
A possible long position at the breakout of the level 0.9995

EURUSD
A possible short position in the breakdown of the level 1.1000

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read more… https://paxforex.com/forex-analysis/APPLE-15-10-2019

[gtmarellano]

That last one seems more like technical analysis than fundamental, but I appreciate the ones with fundamental. Still figuring out fundamental myself.

[PaxForex]

[/COLOR]ANALYSIS OF GBPAUD 16.10.2019

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.8970
• Take Profit Level: 1.9170 (200 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.8770
• Take Profit Level: 1.8700 (70 pips)

USDJPY
A possible long position at the breakout of the level 108.90

GOLD
A possible short position in the breakdown of the level 1476.00

USDCHF
A possible long position at the breakout of the level 0.9990

EURUSD
A possible long position at the breakout of the level 1.1060

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