Everyday Fundamental Analysis from Paxforex

PaxForex · October 17, 2019, 7:45am

GBPUSD Fundamental Analysis – October 17th 2019
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Here is the key factor to keep in mind today for British Pound trades:

UK Retail Sales: UK Retail Sales for September are predicted to decrease by 0.1% monthly and to increase by 2.9% annualized. Forex traders can compare this to UK Retail Sales for August which decreased by 0.3% monthly and which increased by 2.2% annualized. UK Retail Sales Including Auto and Fuel for September are predicted to decrease by 0.2% monthly and to increase by 3.1% annualized. Forex traders can compare this to UK Retail Sales Including Auto and Fuel for August which decreased by 0.2% monthly and which increased by 2.7% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US Housing Starts and Building Permits: US Housing Starts for September are predicted to decrease by 3.2% monthly to 1,320K starts and Building Permits are predicted to decrease by 5.8% monthly to 1,342K permits. Forex traders can compare this to US Housing Starts for August which increased by 12.3% monthly to 1,364K starts and to Building Permits which increased by 7.7% monthly to 1,419K permits.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of October 12th are predicted at 215K and US Continuing Claims for the week of October 5th are predicted at 1,670K. Forex traders can compare this to US Initial Jobless Claims for the week of October 5th which were reported at 210K and to US Continuing Claims for the week of September 28th which were reported at 1,684K.
US Philadelphia Fed Business Outlook: The Philadelphia Fed Business Outlook for October is predicted at 7.1. Forex traders can compare this to the Philadelphia Fed Business Outlook for September which was reported at 12.0.
US Industrial Production and Manufacturing Production: US Industrial Production for September is predicted to decrease by 0.2% monthly and Manufacturing Production is predicted to decrease by 0.3% monthly. Forex traders can compare this to US Industrial Production for August which increased by 0.6% monthly and to Manufacturing Production which increased by 0.5% monthly. Capacity Utilization for September is predicted at 77.7%. Forex traders can compare this to Capacity Utilization for August which was reported at 77.9%.
Should price action for the GBPUSD remain inside the or breakout above the 1.2750 to 1.2870 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.2785
Take Profit Zone: 1.3100 – 1.3175
Stop Loss Level: 1.2700
Should price action for the GBPUSD breakdown below 1.2750 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.2700
Take Profit Zone: 1.2470 – 1.2580
Stop Loss Level: 1.2800

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PaxForex · October 21, 2019, 11:46am

Analysis of BOEING 21.10.2019

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 343.00
• Take Profit Level: 338.00 (500 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 347.50
• Take Profit Level: 349.00 (150 pips)

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

USDJPY
A possible long position at the breakout of the level 108.70

EURUSD
A possible long position at the breakout of the level 1.1180

GBPUSD
A possible long position at the breakout of the level 1.3010

PaxForex · October 23, 2019, 8:56am

nzdusd_2
NZDUSD Fundamental Analysis – October 23rd 2019
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 September was reported at -NZ$1,242M monthly and at -NZ$5,210M 12-month year-to-date. Economists predicted a figure of -NZ$1,375M and of -NZ$5,254M. Forex traders can compare this to the New Zealand Trade Balance for August which was reported at NZ$1,565M monthly and at -NZ$5,484M 12-month year-to-date. Exports for September were reported at NZ$4.47B and Imports were reported at NZ$5.71B. Economists predicted a figure of NZ$4.30B and of NZ$5.70B. Forex traders can compare this to Exports for August which were reported at NZ$4.13B and to Imports which were reported at NZ$5.69B.
Here is the key factor to keep in mind today for US Dollar trades:

US House Price Index: The US House Price Index for August is predicted to increase by 0.4% monthly. Forex traders can compare this to US House Price Index for July which increased by 0.4% monthly.
Should price action for the NZDUSD remain inside the or breakout above the 0.6385 to 0.6415 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6400
Take Profit Zone: 0.6565 – 0.6615
Stop Loss Level: 0.6355
Should price action for the NZDUSD breakdown below 0.6385 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6355
Take Profit Zone: 0.6200 – 0.6240
Stop Loss Level: 0.6385

PaxForex · November 27, 2019, 10:20am

NZDUSD Fundamental Analysis – November 27th 2019

https://paxforex.com/forex-fundamental-analysis/nzdusd-november-27th-2019

nzdusd_2
The New Zealand Trade Balance showed a bigger deficit than economists expected as imports came in higher and exports rose. The New Zealand Dollar continued to push higher and the NZD/USD into its resistance level. Ongoing global economic worries, intensified by this morning’s Chinese industrial profits data, remain a top concern and forex traders will get a heavy dose of US economic data today. What impact will this have on price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Economic data out of the US is expected to move the US Dollar on the back of Preliminary Durable Goods Orders and Personal Income and Personal Spending data. The final reading for third-quarter GDP is widely expected to confirm the previous reading. The Chicago PMI will also be in focus as it is expected to show the region in a recession. How will the NZDUSD react following the release of economic data out of the US? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.

KEY FUNDAMENTAL FACTORS FOR THE NZDUSD
Here are the key factors to keep in mind today for New Zealand Dollar trades:

New Zealand Trade Balance: The New Zealand Trade Balance for October was reported at -NZ$1,010M monthly and at -NZ$5,040M 12-month year-to-date. Economists predicted a figure of -NZ$1,000M and -NZ$4,900M. Forex traders can compare this to the New Zealand Trade Balance for September which was reported at -NZ$1,242M monthly and at -NZ$5,213M 12-month year-to-date. Exports for October were reported at NZ$5.03B and Imports were reported at NZ$6.05B. Economists predicted a figure of NZ$5.00B and of NZ$6.00B. Forex traders can compare this to Exports for September which were reported at NZ$4.47B and to Imports which were reported at NZ$5.71B.
Chinese Industrial Profits: Chinese Industrial Profits for October decreased by 9.9% annualized. Forex traders can compare this to Chinese Industrial Profits for September which decreased by 5.3% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US Preliminary Durable Goods Orders: US Preliminary Durable Goods Orders for October are predicted to decrease by 0.7% monthly and Durables Excluding Transportation are predicted to increase by 0.1% monthly. Forex traders can compare this to US Durable Goods Orders for September which decreased by 1.2% monthly and to Durables Excluding Transportation which decreased by 0.4% monthly. Capital Goods Orders Non-Defense Excluding Aircraft for October are predicted flat at 0.0% monthly and Capital Goods Shipments Non-Defense Excluding Aircraft are predicted flat at 0.0% monthly. Forex traders can compare this to Capital Goods Orders Non-Defense Excluding Aircraft for September which decreased by 0.6% monthly and to Capital Goods Shipments Non-Defense Excluding Aircraft which decreased by 0.7% monthly.
US GDP: The Advanced US GDP for the third-quarter is predicted to increase by 1.9% annualized. Forex traders can compare this to the previous third-quarter GDP which increased by 1.9% annualized. Personal Consumption for the third-quarter is predicted to increase by 2.8% annualized. Forex traders can compare this to the previous third-quarter Personal Consumption which increased by 2.9% annualized. The GDP Price Index for the third-quarter is predicted to increase by 1.7% annualized. Forex traders can compare this to the previous third-quarter GDP Price Index which increased by 1.7% annualized. The Core PCE for the third-quarter is predicted to increase by 2.2% annualized. Forex traders can compare this to the previous third-quarter Core PCE which increased by 2.2% annualized.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of November 23rd are predicted at 220K and US Continuing Claims for the week of November 16th are predicted at 1,690K. Forex traders can compare this to US Initial Jobless Claims for the week of November 16th which were reported at 227K and to US Continuing Claims for the week of November 9th which were reported at 1,695K.
US Chicago PMI: The US Chicago PMI for November is predicted at 47.0. Forex traders can compare this to the US Chicago PMI for October which was reported at 43.2.
US Personal Income and Personal Spending: US Personal Income for October is predicted to increase by 0.3% monthly and Personal Spending is predicted to increase by 0.3% monthly. Forex traders can compare this to Personal Income for September which increased by 0.3% monthly and to Personal Spending which increased by 0.2% monthly. Real Personal Spending for October is predicted flat at 0.0% monthly. Forex traders can compare this to Real Personal Spending for September which increased by 0.2% monthly. The PCE Deflator for October is predicted to increase by 0.3% monthly and by 1.4% annualized. Forex traders can compare this to the PCE Deflator for September which was reported flat at 0.0% monthly and which increased by 1.4% annualized. The PCE Core Deflator for October is predicted to increase by 0.1% monthly and by 1.7% annualized. Forex traders can compare this to the PCE Core Deflator for September which was reported flat at 0.0% monthly and which increased by 1.7% annualized.
US Pending Home Sales: US Pending Home Sales for October are predicted to decrease by 0.1% monthly and to increase by 5.5% annualized. Forex traders can compare this to US Pending Home Sales for September which increased by 1.5% monthly and by 6.3% annualized.
Should price action for the NZDUSD remain inside the or breakout above the 0.6400 to 0.6465 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6425
Take Profit Zone: 0.6585 – 0.6665
Stop Loss Level: 0.6360
Should price action for the NZDUSD breakdown below 0.6400 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6360
Take Profit Zone: 0.6200 – 0.6240
Stop Loss Level: 0.6400
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Online forex trading remains the most popular segment of the global financial market, sign-up now with PaxForex and earn more pips per trade!

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PaxForex · December 10, 2019, 4:09pm

https://paxforex.com/forex-analysis/Procter-Gamble-10-12-2019

Analysis of Procter & Gamble 10.12.2019

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 125.60
• Take Profit Level: 127.00 (140 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 123.40
• Take Profit Level: 122.80 (60 pips)

USDJPY
A possible short position in the breakdown of the level 108.35

EURUSD
A possible long position at the breakout of the level 1.1080

USDCHF
A possible short position in the breakdown of the level 0.9850

GBPUSD
A possible long position at the breakout of the level 1.3180

PaxForex · December 11, 2019, 12:01pm

Analysis of VERIZON 11.12.2019

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 61.45
• Take Profit Level: 62.80 (135 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 60.30
• Take Profit Level: 59.70 (60 pips)

USDJPY
A possible long position at the breakout of the level 108.85

GOLD
A possible short position in the breakdown of the level 1462.00

USDCHF
A possible short position in the breakdown of the level 0.9830

EURUSD
A possible long position at the breakout of the level 1.1100

https://paxforex.com/forex-analysis/VERIZON-11-12-2019

PaxForex · January 14, 2020, 12:06pm

USDJPY Fundamental Analysis – January 14th 2020

Inflationary pressures in the US are expected to have risen further in December, as measured by the CPI. Forex traders will start to pay closer attention to inflation as it moved above 2.0% annualized, the Fed’s inflation target. This comes at a time of a slowing economy and could pose a greater threat as the year unfolds. The USDJPY moved into its horizontal resistance area, but momentum is decreasing. How will price action react to the release of US data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The Japanese economy continues to struggle. Bank lending weakened as the trade balance posted a surprise deficit in December. A current account surplus was unable to mask weakness in global trade. China reported a very strong trade report for December, but the overall trend suggests more weakness ahead. Will bears force a breakdown in the USDJPY this week, or can bulls keep the rally alive? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.

Read more… https://paxforex.com/forex-fundamental-analysis/usdjpy-january-14th-2020

PaxForex · January 15, 2020, 2:41pm

GBPCAD Fundamental Analysis – January 15th 2019

Forex traders will get a broad range of inflation data out of the UK today. Some Bank of England MPC members turned more dovish as the economy struggled in the last two months of 2019. The Brexit transition period and pending trade discussions with the EU are clouding the outlook. The GBPCAD descended into a major horizontal support area, but how will this morning’s inflation data impact price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Read more… https://paxforex.com/forex-fundamental-analysis/gbpcad-january-15th-2020

PaxForex · January 17, 2020, 3:26pm

Analysis of MICROSOFT 17.01.2020

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.

Read more… https://paxforex.com/forex-analysis/MICROSOFT-17-01-2020

PaxForex · January 20, 2020, 11:12am

Analysis of GOLD 20.01.2020

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 1563.00
• Take Profit Level: 1578.00 (1500 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1553.00
• Take Profit Level: 1546.00 (700 pips)

Read more… https://paxforex.com/forex-analysis/GOLD-20-01-2020

PaxForex · January 21, 2020, 12:36pm

GBPJPY Fundamental Analysis – January 21st 2020

Forex traders are eagerly awaiting UK employment data, where average weekly earnings are predicted to keep inflationary pressures elevated and the Bank of England sidelined. A solid headline growth figure of 110K is expected. Volatility in the British Pound increased together with selling pressure following commentary regarding the trading relationship between the EU and the UK following the transition period. How will today’s economic data impact price action in the GBPJPY? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Read more…GBPJPY Fundamental Analysis – January 21st 2020 untitled-2-recovered_12

PaxForex · January 22, 2020, 12:31pm

Analysis on EURTRY 22.01.2020

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.

Read more >>> https://paxforex.com/forex-analysis/EURTRY-22-01-2020

PaxForex · January 23, 2020, 12:58pm

Analysis of GBPUSD 23.01.2020

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.

Read more >>> https://paxforex.com/forex-analysis/GBPUSD-23-01-2020

TonyaSpecht · January 27, 2020, 2:33pm

It was interesting to know about this info. Thanks for sharing it with us.

PaxForex · January 30, 2020, 2:55pm

The system of settlements between people through the exchange of monetary units of measurement has been going on for several thousand years. Currency and its varieties have existed over this time, from gold bullions to wooden coins. With the advent of modern technology, payments with plastic cards and even online banking became available.

Later on, powerful software and great possibilities of Internet resources became the basis for creating a completely new currency of its kind. It became a crypt currency - a financial unit of calculation, which, unlike the rest, has no physical variation. It is a completely artificial payment system.