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  1. #11
    Junior Member FXTM Official is an unknown quantity at this point FXTM Official's Avatar
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    Forextime.com Daily Market Analysis

    Equity markets hit new heights





    Equity markets have been the major benefactor market movements today with the Dow finally breaking above the 20K mark for the first time. The S&P 500 has also rallied heavily today and is just shy of the magic 2300 mark which I've talked about in previous articles - which is of course a big benefactor of the Trump effect which is going through the markets at present. 2017 could very much be the year of the bull, but it will take time and a wait and see approach to see if it all comes true, as it is very much early days for equity markets in the new year. Equity markets in the US still have hurdles to jump through from a fundamental point of view as unemployment claims is due out tomorrow, and consumer sentiment will also be released the following day after that. All of these have the power to impact equity markets sharply, but the spotlight will most certainly fall on anything that Trump has to say at present.

    Right now resistance for the S&P 500 is around the 2300 mark, with the market looking to move sharply further higher if given the right opportunities. This key psychological level is likely hold in the short term, but for any movements higher a move to 2350 and 2400 is likely to be the next major levels of resistance in the long run, as it's very much uncharted territory. Any movements lower are likely to find dynamic support on the 20 day moving average, which continues to trend up with the market and is likely to be the first line of defence of any brave bears do come into the market.

    The New Zealand economy has managed to hit rock star economy status as usual, with the CPI figures coming in better than expected at 0.4% Q/Q (0.3% exp). Helping to push the annual figure to 1.3%; still below the 2% mark but nevertheless moving back in the right direction and something the Reserve Bank of New Zealand will have to take into consideration. Many economists are now expecting that the RBNZ will likely hold rates at steady at present as inflation is lifting, and if it continues to do so though then the RBNZ may even be forced to increase the OCR quicker than anticipated.

    As previously mentioned the NZDUSD has been very bullish on the charts, and the trend is very much still the markets friend. Expectations still are quite bullish with the results seen today, and with a weaker USD I would expect the NZD to continue to resistance levels at 0.7343 and 0.7402. If it can continue to gather momentum, we could see it breach through the 80 cent level, however the market may look to claw back some gains well before then and the Trump effect on the USD can be quite strong as well.


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    By Alex Gurr, Guest Analyst

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  3. #12
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    Quote Originally Posted by FXTM Official View Post
    Forextime.com Daily Market Analysis

    Equity markets hit new heights





    Equity markets have been the major benefactor market movements today with the Dow finally breaking above the 20K mark for the first time. The S&P 500 has also rallied heavily today and is just shy of the magic 2300 mark which I've talked about in previous articles - which is of course a big benefactor of the Trump effect which is going through the markets at present. 2017 could very much be the year of the bull, but it will take time and a wait and see approach to see if it all comes true, as it is very much early days for equity markets in the new year. Equity markets in the US still have hurdles to jump through from a fundamental point of view as unemployment claims is due out tomorrow, and consumer sentiment will also be released the following day after that. All of these have the power to impact equity markets sharply, but the spotlight will most certainly fall on anything that Trump has to say at present.

    Right now resistance for the S&P 500 is around the 2300 mark, with the market looking to move sharply further higher if given the right opportunities. This key psychological level is likely hold in the short term, but for any movements higher a move to 2350 and 2400 is likely to be the next major levels of resistance in the long run, as it's very much uncharted territory. Any movements lower are likely to find dynamic support on the 20 day moving average, which continues to trend up with the market and is likely to be the first line of defence of any brave bears do come into the market.

    The New Zealand economy has managed to hit rock star economy status as usual, with the CPI figures coming in better than expected at 0.4% Q/Q (0.3% exp). Helping to push the annual figure to 1.3%; still below the 2% mark but nevertheless moving back in the right direction and something the Reserve Bank of New Zealand will have to take into consideration. Many economists are now expecting that the RBNZ will likely hold rates at steady at present as inflation is lifting, and if it continues to do so though then the RBNZ may even be forced to increase the OCR quicker than anticipated.

    As previously mentioned the NZDUSD has been very bullish on the charts, and the trend is very much still the markets friend. Expectations still are quite bullish with the results seen today, and with a weaker USD I would expect the NZD to continue to resistance levels at 0.7343 and 0.7402. If it can continue to gather momentum, we could see it breach through the 80 cent level, however the market may look to claw back some gains well before then and the Trump effect on the USD can be quite strong as well.


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    By Alex Gurr, Guest Analyst

    yes quity market makes an all time high in market with s and p and dow crosses 20000,it is very good market because there is no risk in market and we have to take full analysis on market,we have to see jpy pairs with stocks market..

  4. #13
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    उपरोक्त विषय उत्कृष्ट है और वास्तव में स्पष्ट यह ताकतवर प्रयास इसलिए किया गया है हर किसी को इस की मांग दे और हमेशा ऐसे विषयों के ज्ञान और विशेषज्ञता को बढ़ाने के लिए सभी का अर्थ है पर पढ़ने के लिए चाहते हैं चाहिए

  5. #14
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    Forextime.com Daily Market Analysis

    AUD leads Asian trading session





    The Australian dollar is taking the spotlight as the Reserve Bank of Australia is set to have its decision about the current interest rate levels, and the market thus far is not expecting anything much from the RBA. With the interest rate held at 1.50% it still remains one of the highest in the developed world, but the Australian economy is currently waiting to see what the outcome will be from the Trump effect, and while things have been rocky it does seem that the economy is starting to look slightly better. However, yesterdays retail sales showed that it's not all smooth sailing as it dipped to -0.1% m/m (0.3% exp), this result lends weight to the fact that the RBA may touch on the consumer economy not picking up as expected. But the real weight will be focused I feel on the economy as a whole and the commodity sector which has been recovering in recent months in anticipation of the global economy picking up.

    Markets have been very much a fan of commodity currencies in recent weeks, with global risk appetite picking up the demand for yield has lead to large jumps in the NZD and of course the AUD, with the AUD looking very much the stronger of the two. So far the AUDUSD has been on a very bullish trend and it certainly has not seemed to lose any steam at present. The 20 day moving average has acted as dynamic support as it has moved up the chart, and this looks likely to be the first real test as comes under pressure. After all markets can't remain bullish forever, especially when it comes to FX markets. At the same time resistance at 0.7680 has so far stifled the bulls in there run up the charts, but the recent bearish movement has found strong bullish sentiment so expectations are building for further movements past this level onto the next major level at 0.7730.

    Global up turn has so far been talked about, but not come through just yet. However, oil markets have been looking more and more uncertain when it comes to direction for the majority of traders. One thing that does remain clear is that oil is coming under further pressure in the markets to find some direction. At present the 20 day moving average continues to act as dynamic support and is pushing the bears out of the market as it looks to take on the key level of resistance at 54.46. As the two come together expectations will build for a bullish breakout, or if we had a reversal we could see some strong bearish pressure. Pressure will build though, and the bulls have the advantage in this sort of scenario and fundamentals starting to lean in their favour.



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    By Alex Gurr, Guest Analyst

  6. #15
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    I do not ****e knowing the beauty of this Forum Forex Indian as well as protective mesh to describe the subject of beautiful saree Abieradwha members actually pretty themes and benefited too, there are also important to Google rolling beginner topics to be God, I am here on the forum and on Google

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    ye sach mein kafi effective matter hai kisi bhi new traders k liye aksaar market mein jo new traders ateen hai woh bilkul hi confuse hoteen hai ki kaise trading kareen aur jaroor hai ki woh saab market mein apne kissi aise guide ko search karna suru karteen hai jo ki un ko help kareen isilye aap is forum se apne sare sawaal ka jaaab le sakteen hai

  8. #17
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    Forextime Daily Market Analysis

    Traders look to hedge in Gold




    The world and the markets continue to struggle to focus on economic data as Trumps economic policies take centre stage. This should come as no surprise these days given the power one man can wield on an economies; as we saw with Abenomics. But that was just Japan and the US market is the world's largest free market and is Trump is throwing his weight around, which in turn has led to strong movements and volatility being one of the major themes of the market. Commodities have so far been a mixed bag for most traders in the market, however trending is become a key theme and the metals market is looking tradable in its present form.

    Gold has been on the upside in the recent weeks as Trump continues to put pressure on the market, especially around his comments on currencies and the fact that a number of countries should stop manipulating their currency. There is further speculation that Trump may in fact also start a currency war globally, however how that would look is still unknown and also comes with large risks for the US economy - large fluctuations might be good for traders, but for an established economy it can cause a world of pain. If exports are winners in the long run, then importers and the general consumer are worse off and vice versa.

    Gold has so far but in a very bullish trend for a few weeks and it looks set to continue as people look for a hedge in the event of a currency war. Resistance at 1245 held up quite nicely when pushed over the last few days, but after the quick drop gold has found support on the 100 day moving average. Any further drops for Gold are likely to find support at 1208, but even before that the 20 day moving average would also be something to consider and watch. If Gold continues to run higher then I would expect the next major level of resistance to be found at 1262 and it may look to take a breather at this key level.

    Oil has also been another major player in the market that everyone is taking a tough look at, after last week's oil inventory data shocked the market coming in at 13.83M barrels (2.53M exp). This was a quite a large inventory build up and was somewhat unexpected after the recent cuts from OPEC back a few months to help bolster prices. Additionally America picking up pace was also expected to cause further increases in demand.

    Technically speaking, Oil on the charts though has so far failed to breach through the resistance level at 54.46 and unless we see further cuts of even a pick-up in demand then it could actually slide further down the charts. So far the 20 day moving average and the 50 day moving average have been slowing down any bearish movements, but it's only a matter of time before it slips lower unless we see some changes.



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    By Alex Gurr, Guest Analyst

  9. #18
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    Forextime.com Daily Market Analysis

    Oil looks to break out





    Over the last few months hedge funds and traders have been seen placing large bets that OPEC will indeed come through with its production cuts and oil will accordingly jump higher, so far it has been positive on the production cut front, and we are starting to see oil markets looking like they may trend again - instead of the ranging behaviour we have seen over the last few months. One thing worth noting in all of this is how important Russia is, given that it just become the world's largest producer of oil as it overtook Saudi Arabia. But so far so good as 90% of the production cuts that were outlined have been implemented. However, US inventory data has been not positive for oil traders as since Trump has taken to office there has been a build up of supply, something that many were expecting not to happen. Despite all of the pros and cons oil has looked to jump back to life.

    The 20 day moving average was key for oil as it looked to trend slowly up the chart, it had a few breakdowns previously but seems to still respect the level and as of now is sitting just below resistance at 54.36. What will be key here will be if oil can push above this level and look to extend higher; breaking out of the ranging phase and looking to trend again as it has historically been so good at. Above the current resistance level the next level will be found at 55.19 which was where the market looked to extend to earlier in December after the OPEC cuts were announced I would expect to see this area already priced in with the cuts, but it would also be pushed higher if we saw a reduction in US oil inventory data.

    One of the other interesting commodities as of late has been silver, as it has charged up the chart much like gold on the back of speculation around Trump uncertainty. While not as popular as gold it has been a stand out performer in recent months and should not be discounted as it's prone to large movements on the c harts. And with preliminary GDP and unemployment claims still on the horizon for the US economy this week there is certainly room for further large movements. Also the USD weakness could be something that looks to push silver higher in the short term.

    From a technical point of view silver has been quite bullish as of late, with large movements upwards since December in a constantly trending pattern. The 20 day moving average has largely been shadowing silver on the charts, with large bearish movements being pushed back by the silver bulls upon touching this level. The 200 day moving average has also been heavily respected, but the focus right now is on resistance at 18.091 with the market treating this like the level to beat. Long tails on the candles are also pointing that the bulls have not given up and further extensions higher may indeed be quite possible.



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    By Alex Gurr, Guest Analyst

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    bhai maine kabhi is site ke bare me suna nahi tha mujhe lagata hai ki indina forex ofurm hi sabse best website hai agar aapko technical analysis karana hai to aapko forex me is site me sab janakari mil skati hai par aapne jo ye site bataya hai isme apako koi bonus nahi milta hai jab ki indian forex ofurm par apako wo milga

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    Intraday bias in EUR/JPY remains mildly on the downside as the fall from 122.88 should target 118.23 support. At this point, we're holding on to the view that price actions from 124.08 are forming a consolidation pattern. There, strong support is expected around 118.45 key cluster support level (38.2% retracement of 109.20 to 124.08 at 118.39) to contain downside and bring rebound. On the upside, above 120.43 minor resistance will turn bias back to the upside for 122.88 resistance.

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