FX Analysis by SGT Markets

#DAX30

Dax30 rose by 0.08% on Tuesday. The largest growth was recorded by companies from the financial sector, telecommunications and the service sector. Volkswagen AG (+ 2.36%) and Adidas AG (-2.44%) were awarded the winner. The volatility index, which estimates the sentiment of the investor in terms of expected volatility in the future period, grew by 1.07% and is at 12.40 points.

#Gold

Gold prices have deteriorated during Asian trading. Investors expect a tax reform plan in the US, one of the most important pre-election promises of US President Donald Tramp. Also, today at 16:00 in the United States will be published sales data of houses still in the approval procedure, which may be reflected on this noble metal. During Asian trading, gold price declined by 0.28%.

#USD/JPY

The US dollar strengthened against the Japanese yen during Asian trading. At 16:00 hours in the United States will be disclosed sales data of houses still in the approval procedure, which may be reflected in the course of this currency pair. Also, in the afternoon, the US administration is expected to announce a tax reform plan, which is one of the most important pre-election promises of US President Donald Tramp. During Asian trading, the US dollar strengthened against the Japanese yen by 0.23%.

#USDJPY
During Asian trading, the Japanese yen weakened against the dollar. A set of economic data from Japan was mixed in character. At around 08:30, this currency pair trades at a level of 112.70 yen per dollar, which at the beginning of the European session jen makes the weaker against the dollar by 0.36%. At 2:30 pm, data on personal earnings and consumption in the United States will be published, and at 4:00 pm, Michigan indicators of consumer sentiment and inflationary expectations will be announced.

#GOLD
The price of gold declined slightly during Asian trade, and market participants pay attention to India’s demand indicators where the golden season begins soon. At 2:30 pm, data on personal income and consumption in the United States will be published, and at 4:00 pm, Michigan indicators of consumer sentiment and inflationary expectations, which can indirectly be reflected in the price of yellow metal. During Asian trading, gold prices fell by 0.07%.

#EUR / USD

The euro has weakened against the US currency during the night. Today is a non-working day in Germany and there are no major economic news from the Eurozone announced today, so the common European currency could still be under the influence of the referendum on the independence of the Spanish province of Catalonia. At 14:30 in the US, a talk will be given by a member of the Federal Reserve Commodity Reserves Committee, which can be further reflected in the exchange rate of this currency pair. During the Asian trade, the euro weakened against the US dollar by 0.24%.

#GBP / USD

The British pound weakened against the US dollar during the night. At 14:30 in the USA, a member of the Federal Reserve Reserve Market Committee will be spoken by the Povel, which can all have an impact on the course of this currency pair. During the Asian trade, the British pound weakened against the US dollar by 0.17%.

#USD / JPY

The US dollar strengthened against the Japanese yen during the night. The US dollar is in the upward trend, following yesterday’s positive information shown by the ISM index of procurement managers of the manufacturing sector. Today at 2:30 pm in the US, a talk will be given by a member of the Federal Reserve Committees for the open market Povel, which can be reflected in the exchange rate of this currency pair. During the Asian trading, the US dollar strengthened against the Japanese yen by 0.37%.

#Dax30

Dax30 increased by 0.58% on Monday. The biggest growth was recorded by companies from the pharmaceutical, transport and technology sectors. Of the winners, Lufthansa AG (+ 3.45%) and the loser of Deutsche Bank (-0.96%) were separated from the winner. The volatility index that records the sentiment of the investor regarding the expected volatility in the future period has increased by 3.07% and is at 11.81 points. Today is a non-working day in Germany.

#Crude Oil

The price of crude oil declined during the night. The price of this fuels weakens the second trading session in succession, as the market for this fuel exposes concern over the excessive supply of crude oil on the world market. At 22:35 tonight, the US Petroleum Institute (API) will publish a report on the stock of this fuel, which can be reflected in the price of crude oil. During Asian trade, the price of crude oil declined by 0.32%.

#Crude Oil
The price of crude oil declined during nigh. Yesterday was held an energy conference in Moscow where the president of Russia, Vladimir Putin, said that it was working to extend the agreement on extending production restrictions after March 2018. During nigh, crude oil is traded about $ 49.92 per barrel, which represents a decline of 0.12%.

EUR/USD

Very good ISM Non-Manufacturing data from the U.S. Also U.S. ADP Nonfarm Employment Change confirmed in good uptrend, also U.S. ISM Manufacturing PMI better than expected.

German Unemployment better than expected and last EU preliminary PMIs surpassed expectations, indicating that economic activity picked up at the end of the third quarter, back to their recent multi-year highs. But last CPI (inflation) data across all the Europe (Germany included) ticked worse than expected while last U.S. GDP and U.S. job market confirmed again better than expected.

Catalonia planned to hold a referendum on independence from Spain on Sunday 1 October: the referendum is deemed unconstitutional by the Spanish Constitutional Court so Spanish police moved to prevent independence vote. Spain is into its worst constitutional crisis in decades.

Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

Germany’s election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. Building a coalition could take months as the three-way tie-up has not been tested at national level.

Now, a confirmed breakout of 1.175 will likely lead to a test of 1.1655 Support area.

Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

Weekly Trend: Bearish
1st Resistance: 1.1756
2nd Resistance: 1.1856
1st Support: 1.1655
2nd Support: 1.1590

GBP/USD

In the U.S., both ISM Non-Manufacturing and ADP Nonfarm Employment Change confirmed in good uptrend, also U.S. ISM Manufacturing PMI better than expected.

Last UK Services PMI came slightly better than expected, while last Construction PMI hit a 12-month low and last UK Manufacturing PMI also worse than expected.

BoE Governor Carney noted that the majority of the MPC were in agreement that the bank needed to raise rates if the economy stayed on track. UK GDP data ticked down, confirming an ongoing post-Brexit depression in the real conditions of the UK economy.

Moody’s has downgraded the UK’s credit rating to Aa2. Outlook to stable after the downgrade. Moody’s sees growth of 1% this year, and doesn’t expect growth to recover to historic trends “over the coming years.”

Area 1.336 (important Support area) is broken. Now eyes on next important Support area: 1.32.

Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

Weekly Trend: Overbought
1st Resistance: 1.3285
2nd Resistance: 1.3362
1st Support: 1.3203
2nd Support: 1.3099

AUD/USD

Australia Retail Sales change came negative, disappointing economists projections.

Crude Oil prices rebound after a larger-than-expected drop in U.S. Stockpiles.

The Reserve Bank of Australia (RBA) held its cash rate steady at a record low 1.50% as expected and signaled to markets that the economy continues to improve. Australia reported that building approvals rose 0.4% on month in August, below the 1.1% gain expected, while private house approvals fell 0.6%, compared to a 1.0% gain in July.

Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

New break of 0.783 area will likely drive back to 0.774, important demand area.

Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

Weekly Trend: Bearish
1st Resistance: 0.7916
2nd Resistance: 0.7980
1st Support: 0.7828
2nd Support: 0.7735

https://sgtmarkets.com/en/market-news/forex-analysis-20171005/

#Dax30

On Thursday, Dax30 remained largely on Wednesday (down 0.02%). This morning data showed that the German factory orders rose significantly above expectations in August (+ 3.6% instead of the expected 0.7%). The winner of the day was BMW whose share increased 2.69%.

https://sgtmarkets.com/en/market-news/dax30-analysis-20171006/

#USD/JPY

During the night, the Japanese yen weakened against the dollar. This mornign, this currency pair is traded at a level of 113.05 yen per dollar, which at the beginning of the European session jen makes the weaker against the dollar by 0.21%. In the afternoon, at 2:30 pm, a regular government report from the US Labor Market (NFP) will be published, which will integrate data on the number of newly created jobs, unemployment rate and the rest.

EUR/USD

Eyes on today U.S. Nonfarm Payrolls and Unemployment Rate.

Very good ISM Non-Manufacturing data from the U.S. Also U.S. Job market and ADP Nonfarm Employment Change confirmed in good uptrend, also U.S. ISM Manufacturing PMI better than expected.

German Unemployment better than expected and last EU preliminary PMIs surpassed expectations, indicating that economic activity picked up at the end of the third quarter, back to their recent multi-year highs. But last CPI (inflation) data across all the Europe (Germany included) ticked worse than expected while last U.S. GDP and U.S. job market confirmed again better than expected.

Catalonia planned to hold a referendum on independence from Spain on Sunday 1 October: the referendum is deemed unconstitutional by the Spanish Constitutional Court so Spanish police moved to prevent independence vote. Spain is into its worst constitutional crisis in decades.

Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

Germany’s election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. Building a coalition could take months as the three-way tie-up has not been tested at national level.

Now, a confirmed breakout of 1.175 will likely lead to a test of 1.1655 Support area (as already written previously).

Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

Weekly Trend: Bearish
1st Resistance: 1.1756
2nd Resistance: 1.1856
1st Support: 1.1655
2nd Support: 1.1590

GBP/USD

Eyes on today U.S. Nonfarm Payrolls and Unemployment Rate.

In the U.S., both ISM Non-Manufacturing and ADP Nonfarm Employment Change confirmed in good uptrend, also U.S. ISM Manufacturing PMI better than expected.

Uncertainty about May’s Brexit strategy is taking its toll on the Pound, down to a near 1-month low against the greenback. Last UK Services PMI came slightly better than expected, while last Construction PMI hit a 12-month low and last UK Manufacturing PMI also worse than expected.

BoE Governor Carney noted that the majority of the MPC were in agreement that the bank needed to raise rates if the economy stayed on track. UK GDP data ticked down, confirming an ongoing post-Brexit depression in the real conditions of the UK economy.

Moody’s has downgraded the UK’s credit rating to Aa2. Outlook to stable after the downgrade. Moody’s sees growth of 1% this year, and doesn’t expect growth to recover to historic trends “over the coming years.”

Important Support around 1.32 area violated means room down to 1.30. Our main Support is 1.2980.

Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

Weekly Trend: Bearish
1st Resistance: 1.3203
2nd Resistance: 1.3285
1st Support: 1.3099
2nd Support: 1.2980

AUD/USD

Eyes on today U.S. Nonfarm Payrolls and Unemployment Rate.

Australia Retail Sales change came negative, disappointing economists projections after a strike of good data from the U.S.

Crude Oil prices rebound after a larger-than-expected drop in U.S. Stockpiles.

The Reserve Bank of Australia (RBA) held its cash rate steady at a record low 1.50% as expected and signaled to markets that the economy continues to improve. Australia reported that building approvals rose 0.4% on month in August, below the 1.1% gain expected, while private house approvals fell 0.6%, compared to a 1.0% gain in July.

Trump tax plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.

Australia reported improved job market and interestingly good home loans data for July, but Trade Balance and Retail Sales worse than expected, and GDP on the downbeat too.

We are Neutral from Bearish as 0.774 represents a strong demand area from where price will bounce up in a small correction and consolidation phase.

Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

Weekly Trend: Neutral
1st Resistance: 0.7828
2nd Resistance: 0.7916
1st Support: 0.7735
2nd Support: 0.7680

https://sgtmarkets.com/en/market-news/forex-analysis-20171006/

really do you see anything there on chart? where is the price :eggplant:

#Dax30

Dax30 fell 0.09% on Friday. The winner of the day was the company Prozibensat Media whose share increased 2.69%. This data showed that German industrial production in August rose well above expectations (+ 2.6% instead of the expected 0.7%).

https://sgtmarkets.com/en/market-news/dax30-analysis-20171009/

EUR/USD

During the nigh, the euro weakened against the dollar from the mild stagnation phase. The end of the crisis in Catalonia is still not visible. This morning, the euro is exchanging for $ 1.1719 which at the beginning of the European session shows a gain of 0.04%. Today there are no major economic news from the euro zone and the US apart from holding a Euro Group meeting.

GBP/USD

During the nigh, there was a weakening of the US dollar spoted. This morning, this currency pair is at $ 1,3109 per pound, which means a pound increase of 0,33%. Today there are no major economic news from UK and USA.

USD/JPY

During the nigh, the Japanese yen strengthened against the dollar as the fears about the escalation of the crisis on the Korean peninsula were heated. This morning, this currency pair is traded at the level of 112.39 yen for one dollar, which at the beginning of the European session makes the yen stronger than the dollar by 0.05%. Japan is a non-working holiday (sports day), and today there are no major economic news from the United States.

#EUR/USD

During the Asian trading, the euro strengthened against the dollar. The more aggressive tone of the exposition of a member of the Executive Board of the ECB from Germany, Sabine Lautenschläger, along with yesterday’s excellent data on German industrial production, has led the euro. The beginning of the crisis in Catalonia is expected to begin, and today a framework declaration of the independence of this region has been scheduled, which is not certain to happen. At around 8:20 pm, the euro is exchanging for $ 1.1773, which at the beginning of the European session shows a strengthening of the euro by 0.28%. Early in the morning, data on industrial production in France and Italy are published. Today, there are no major economic news from the US, except for a member of the Monetary Committee of the Fed, Nil Kashkari, speaking at 4:00 pm.

#GBP/USD

During Asian trading, the weakening of the US dollar against the British pound was recorded. At around 08:25 hours, this currency pair is at $ 1,3171 per pound, which means the pound’s gain of 0.22%. At 10:30, a set of economic data from the UK is published (on the growth of industrial production and the manufacturing sector, as well as the state of the trade balance). Today, there are no major economic news from the US, except for a member of the Monetary Committee of the Fed, Nil Kashkari, speaking at 4:00 pm.

#USD/JPY

During the Asian trade, the Japanese yen strengthened against the dollar as a significantly higher surplus of current account transactions was recorded. At around 08:25, this currency pair is traded at 112.62 yen per dollar, which at the beginning of the European session makes the yen stronger than the dollar by 0.05%. Today, there are no major economic news from the US, except for a member of the Monetary Committee of the Fed, Nil Kashkari, speaking at 4:00 pm.

#EUR/USD

The euro strengthened against the US dollar during Asian trading. Today at 11:00 hours the data on industrial production in the EU will be published, while at 16:30 the President of the European Central Bank, Mario Dragi, holds the speech, which can all be reflected in the exchange rate of this currency pair. During the Asian trade, the euro strengthened against the US dollar by 0.16%.

#GBP/USD

The British pound strengthened against the US dollar during Asian trading. This morning in the United Kingdom, published data on house prices that were better than expected which influenced the strengthening of the British pound. Today at 2:30 pm, the USA will publish data on the number of applications for assistance to new unemployed persons and the producer price index (PPI), which may have an impact on the exchange rate of this currency pair. During the Asian trade, the British pound strengthened against the US dollar by 0.29%.

#USD/JPY

The US dollar weakened against the Japanese yen during Asian trading. Geopolitical tensions can now be taken wisely, as they speculate on the new testing of North Korea’s intercontinental ballistic missile. Likewise, the North Korean Foreign Minister, during an interview with the Russian agency TASS, said that the US president “set fire to war” when the North Korean leader called " man. " During the Asian trading, the US dollar weakened against the yen by 0.20%.

#Dax30
Dax30 rose by 0.17% on Wednesday. The largest growth was recorded by companies from the services sector, food industry and technology. Of the winners, RWE AG (+ 3.43%) was identified as the loser BASF SE NA (-0.84%). The index of volatility on the German index, which shows the investors’ sentiment (fear) regarding the expected volatility in the future period, fell to 12.17 points or 3.24%.

#EUR/USD

During the Asian trading, the euro strengthened slightly against the dollar. Yesterday, Lael Brainard stated that in the future the Fed should refrain from increasing the reference interest rate until inflation comes to the planned sustainable framework (2%). This, however, did not have any impact on the expectations of a December increase of around 90%. At around 08:15 hours, the euro is exchanged for $ 1.1843, which at the beginning of the European session shows a strengthening of the euro by 0.03%. At 14:30, data on core inflation and retail sales in the United States are expected.

#GBP/USD

During Asian trading, the weakness of the pound against the dollar is recorded. Bad progress in UK and EU negotiations with data on increasing bankruptcy of citizens based on short-term loans pushed pounds. At around 8:35 am, this currency pair is at $ 1.3274 per pound, which means a gain of 0.09%. Today, there are no economic data from the UK (on the growth of industrial production and the manufacturing sector, as well as the state of the trade balance). At 14:30, data on core inflation and retail sales in the United States are expected.

#USD/JPY

During the Asian trade, the Japanese yen strengthened against the dollar. Monetary aggregate (M2) in Japan has risen above expectations. At around 8:35 am, this currency pair is traded at the level of 112.03 yen per dollar, which at the beginning of the European session makes the yen stronger than the dollar by 0.23%. At 14:30, data on core inflation and retail sales in the United States are expected.