LiteForex - Forex Market Reviews

S&P500: Bearish sentiments are strong in the market

US stock indices went up on Wednesday after the release of the minutes of the US Fed meeting in January, which was devoted to the US monetary policy. Dow Jones Industrial Average rose by 1.6%, Nasdaq Composite - by 2.2%.

Weekly review for February 15-19, 2016

Past week was marked by a two-day speech of Janet Yellen, the head of the US Fed. Mrs. Yellen did not give a straightforward answer regarding the interest rate increase at the US Fed meeting in March...

XAU/USD: gold is growing on February 12, 2016

On Thursday, the price of gold strengthened by 4% and reached its year highs. The price has been growing amid an increase in demand for safe-haven assets, such as gold and the Yen...

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Brent: oil reserves and oil prices have reduced

Yesterday, US Ministry of Energy announced about unexpected decline of oil and oil products reserves by 754 million barrels over the last week. Spot-price of crude oil Brent has grown over 31.80 USD per barrel...

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Yen has broken down and consolidated below support level

Over the past 2 weeks the Yen has significantly strengthened its positions against the USD due to the increasing demand for the safe-haven currency. Mixed macro-economic data on the US economy has decreased a chance that the US Fed will tighten monetary policy...

EUR/USD has grown against the USD breaking down strong resistance level

The currency pair is traded at the strong level of 1.0960 –1.1060. In case of maintenance and testing of the level and respective confirmation (for example, a pattern Price Action), we recommend to open long positions. Stop order can be placed below the signal line...


EUR/USD review of the week: USD fell against the major currencies

Despite that fact that the data on Non-FarmPayRolls was below the forecast (151 000 against the forecast of 190 000 and 262 000 new jobs in December), the USD has grown against the major currencies. The rise was caused by the other data on the US labor market in January...

Brent: completion increases on February 05, 2016

While market participants are waiting for the release of NFPR (Non-Farm PayRolls), oil prices are gradually declining since the opening of the trading day and at the beginning of the European session...

Brent: will oil market swing back to pessimism?

API (American Petroleum Institute) report, released this Tuesday, showed that last week US oil stocks rose by 3.8 million barrels. Obviously, it was a bad news for oil prices, as heavy stocks of oil in the USA creates situation when supply outruns demand in the world market...

NZD/USD: Dairy price index

Today, the Global Dairy Trade will publish price index for dairy products, reflecting weighted average of the change in price in percentage. For the economy of New Zealand, which is the largest exporter and supplier of the dairy products to the global market, dairy prices are of great importance...

Brent: price is growing on February 01, 2016

Last week the price of Brent crude oil significantly grew and closed above the important level of $35 per barrel. According to experts, growth in the price is the result of market expectations of changes in the output structure for main exporting countries...

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Brent: growth resumed on January 27, 2016

On Tuesday, the price of Brent crude oil was growing and managed to strengthen above the level of $31 per barrel. Analysts suggest the price gains support from a decline in demand for the US Dollar ahead of the Fed monetary policy meeting as well as from expectation of a decrease in oil production...


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XAU/USD: The price of gold slightly fell

The price of gold slightly fell in the end of last week amid growing stock market that reduced an interest for safe-haven assets, such as gold. In addition, the pair was pressured by strong macroeconomic data from the US...

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GBP/USD: The downward trend continues

The downward trend continues forming within the third wave of the senior level iii of 3. At present, the third wave (iii) of the junior level seems to be forming and if the assumption is correct, the pair keeps falling towards the level of 1.4000...

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XAG/USD: pair grew

Yesterday the price of silver significantly grew. The pair was supported by strong data on Chinese Trade Balance that managed to stabilise Asian markets a little. Exports from China shrank by 1.4%, while economists predicted an 8.0% fall. At the same time, imports declined by 7.6%...

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Brent: oil renews lows

Yesterday the price of Brent crude oil continued falling. The price remains under pressure amid strengthening US Dollar, substantial supply excess and slowing Chinese economy...

XAU/USD: gold slowed growth

In the end of last week, the price of gold fell amid strengthening after the publication of strong labour market data US Dollar. The Nonfarm Payrolls grew from 252 to 292 thousands while economists predicted a fall to 200 thousands...

XAU/USD: general review

Since the beginning of the week, the price of gold is growing. The pair was supported by poor macroeconomic data from China where the Caixin Manufacturing PMI fell to its September levels...


Brent: gap up

Today the price of Brent crude oil opened with a gap up after Saudi Arabia announced on Sunday that it cuts all diplomatic ties with Iran. According to some experts, current conflict can make the process of sanctions removing from Iran significantly more difficult...

GBP/USD: correction near local lows

Yesterday, the British Pound remained not far from its local low, reached the day before. On Tuesday, the pair fell to the level of 1.4785, 15 April low...

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XAU/USD: flat in pair

Yesterday the price of gold had no change as it remained at the opening level of the day. Some support the pair received from quite strong US statistics. The Consumer Confidence in December grew from 92.6 to 96.5 points, while economists forecasted a growth to 93.8 points...


XAU/USD: pair resumed fall

The pair is under pressure amid approaching Fed meeting that will end tomorrow and when the regulator is expected to increase interest rates in the US. Markets evaluate the probability of the increase at over 80%. In addition, the pair is pressured by falling oil prices, which yesterday reached its 2008 low...

News of the day. Monday 14.12.2015

No important publications are expected on Monday and markets can have a rest before the key event of the week - the Federal Open Market Committee meeting that will be held on Tuesday and Wednesday...

News of the day. Friday 11.12.2015

Out of macroeconomic publications traders will be following today, it is worth noting news from the EU and the US. Results of Targeted LTRO are due at 12:15 pm (all times stated in GMT+2) in the EU. Long Term Refinancing Operations are aimed at maintaining liquidity in the banking system...


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News of the day. Thursday 10.12.2015

The most important events on Thursday are going to be the meetings by the central banks of Switzerland and the UK. The SNB Interest Rate Decision is due at 10:30 am (all times stated in GMT+2). The rate is expected to remain unchanged at the current level of -0.75%...

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News of the day. Wednesday 09.12.2015

At 9:00 am (all times stated in GMT+2), October data on Imports, Exports and Trade Balance is due in Germany. Analysts expect Imports to fall from 3.6% to -0.9% and Exports to be down to 0.55% from 2.60%. At the same time, trade surplus is forecasted to increase from 19.4 to 20.0 billion euros...

News of the day. Tuesday 08.12.2015

Out of macroeconomic publications that can affect dynamics in currencies today, attention needs to be paid to releases from the eurozone and the UK. Data on the GDP for the third quarter of the year is due at 12 pm (all times stated in GMT+2) in the eurozone...


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News of the day. Monday 07.12.2015

There are not many important publications on Monday as markets are resting after the hectic last week. Nevertheless, attention needs to be paid to the publication of October data on the Industrial Production in Germany, due at 9 am...

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News of the day. Friday 04.12.2015

For traders, Friday is going to be just as tense as Thursday was. Today markets are expecting data on the US labour market, which is due at 3:30 pm (all times stated in GMT+2)...

News of the day. Thursday 03.12.2015

Today traders will be paying attention to publications from the US and the eurozone. The Markit Services PMI for November is due at 11 am (all times stated in GMT+2) in the eurozone. The index is expected to remain unchanged at 54.6 points...


  


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