Exness - Forex Market Reviews

XAUUSD at major resistance, time to sell

We turn bearish below 1198 resistance (Fibonacci retracement, horizontal resistance) as we prepare to see a strong move down to 1176 support (Fibonacci retracement, recent swing low support, Fibonacci projection)...

The RBA has kept its key interest rate unchanged

Today, the Reserve Bank of Australia kept its key interest rate unchanged at 2%, as expected. The January data on Australia labor market and inflation for Q4 2015 did not propose the monetary policy easing at today meeting...

The decline in the volume of the UK industrial production shattered the pound

In November, the volume of the UK industrial production decreased by 0.7% (m/m), with a forecast of 0% (m/m). The manufacturing output was also smaller than the forecast, having decreased by 0.4% (m/m)...

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GOLD: consolidation above the level 1189

Yesterdays US macroeconomic statistics put pressure on the profitability of the US government bonds and supported the demand for gold. On the level breakthrough of $1189, opening the next set of long positions in gold is worth considering...

Inflation in the UK is again below zero

In September, the UK consumer price index dropped from 0 to -0.1% in annualized terms. This year, inflation was below zero only in April. Reduced inflationary pressures suggest that the cycle of monetary tightening in the country will be postponed to a later time...

In the short term, the price of gold could test the $ 1169 level

This week, placement of the 3-month US bonds with a yield of about 0% does not attract the attention of investors who are shifting their attention to alternative investments such as gold and high-yield bonds of developing countries...


The US foreign trade data puts pressure on the dollar

In August, the US trade balance fell from - 41.8 billion to - 48.3 billion dollars. The decline, included in the structure of GDP, reduces the likelihood of an early tightening of monetary policy in the US and supports gold prices...

The deflation in the euro zone pushes the euro to the $ 1.11 level.

Yesterday's rise in the European stock markets and the euro's decline reflects expectations of future expansion of the ECB asset purchases program in September against the background of increasing deflationary processes in the euro zone. Last month...

GOLD: consolidation higher than the 1121 level

Today at 12.30 GMT, the figures for the US merchandise trading balance will be published. The expected growth rate from to minus $59.1 billion to minus $ 57.3 billion will support the world's reserve currency...

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GOLD: consolidation below the level of 1135

After the US Federal Reserve meeting, the gold prices reacted to the decrease in the US bonds yield with a rapid growth. In particular, the yields on 2-year US bonds fell from 0.815% to 0.682% since yesterday...

The euro is approaching the support level of $1.095

The US macro statistics signaled a growth of business activity in the US over the past two days. Home sales in the secondary US market grew, while the number of jobless claims fell by 26 thousand and totaled 255 thousand last week, which is the lowest figure since November 1973...

S&P raised Greece's credit rating

Yesterday the EUR/USD currency pair tested its May low of 1,081 and grew by 1.06% on the day. The S&P agency brought good news to the euro buyers by upgrading Greece's credit rating from "CCC-" to "CCC +" with a "stable" forecast...


The gold prices have updated the annual low

Expectations of growth in interest rates in the United States put pressure on gold. According to our estimates, the US Federal Reserve will raise its key interest rate in December 2015. In the medium term, the value of one troy ounce of gold could fall to 1 thousand dollars...

The EU has supported Greece

The allocation of 7 billion euro to Greece by the EU and the ECB's raising of credit limit for Greek banks by 0.9 billion euros in the framework of the ELA program has reduced the yields on 2-year Greek bonds from 27.2% to 24.4%...

Gold prices test the annual low

Yesterday, the US Federal Reserve chairman J. Yellen did not name a specific date when the key interest rate would be increased in 2015. Perhaps the time -frame for its increase will be determined by the US macroeconomic statistics...

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GOLD: under pressure before J.Yellen speech

Despite the June decline of 0.3% (m/m) in the US retail sales, gold prices remain under pressure. Today, the publication of the volume of industrial production in the US and the speech given by chairman of the US Federal Reserve J.Yellen may support the world reserve currency...

GOLD: under pressure before the publication of the retail sales figures in the US

Today at 12.30 GMT, statistics on retail sales in the US will be published. If in June, the volume of sales grows by more than 0.2% (m/m), it will signal a significant increase in consumer spending of US households, and support the world's reserve currency...

GOLD: consolidation before the publication of statistics on home sales in the US secondary real estate market

It is expected that in May, the number of home sales transactions in the US secondary market increased from 5.04 million to 5.26 million. The statistics can support the world's reserve currency. In the short term, the gold prices risk declining to the 1189 dollar level...


Retail sales in the UK have supported the pound

In May, the UK retail sales increased by 0.2% (m/m), with a forecast of +0.0% (m/m). The data reflect growth in consumer spending of British households, which forms a significant part of the countrys GDP...

GOLD: growth after the US Federal Reserve meeting

Yesterday, the US Federal Reserve kept its key interest rate unchanged in the range of 0-0.25%, as expected. According to J. Yellen, the economic conditions have not yet justified an interest rate increase...

EURUSD: growth after B.Obama's statement

At the G7 meeting, Barack Obama, the US President, said that a strong dollar is hurting the US economy in particular, if the world's reserve currency continues to grow in response to rising interest rates...


In the short term, the euro may update its May high

The meeting between Jean-Claude Juncker, the Head of the European Commission, and Alexis Tsipras, the Prime Minister of Greece, dedicated to the settlement of the Greek public debt ended in Brussels...

The Kiwi is testing its 2015 minimum

In March, the business sentiment index in New Zealand fell from 30.2 p. to 15.7 p. The statistics indicates a likely decline in the country's investment spending. Against the background of the US dollar growth, in the short term, the Kiwi may update its 2015 minimum...

EURUSD: consolidation below the 1.0938 level

The EUR/USD currency pair is rising, winning back A. Tsipras' statement about reaching an early agreement between Greece and its creditors...


The Kiwi is approaching the support of 0.7280

In April, New Zealand's trade balance amounted to 123 million with a forecast of 100 million New Zealand dollars. The data, which was slightly better than expected, did not prevent the Kiwi from falling. Strengthening of the dollar against the euro puts pressure on the NZD/USD pair...

GOLD: growth before publication of the US consumer price index

Over the last week, the number of initial jobless claims in the US rose form 264 thousand to 274 thousand. The growth of this indicator reduces the chances of the US unemployment rate decline from 5.4% to 5.3% in May, and puts pressure on the world's reserve currency...

EURUSD: growth after the publication of the US Federal Reserve minutes

The Federal Reserve meeting minutes for April have indicated a low probability of an increase of the US federal funds rate in June. Low growth of the US GDP in Q1 2015...


EURUSD: under pressure after Coeuré's speech

Buy on rebound from 1.1067 level with 1.1131 target. Stop loss = 1.1017...

Daily Review on EURUSD for 18.05.2015

In April, the volume of industrial production in the US declined by 0.3% (m/m), while the US consumer confidence index declined from 95.9 p. to 88.6 to p in May...

The Aussie is approaching the $0.8 level.

Buy on rebound from 0.8000 level with 0.8150 target. Stop loss = 0.7950. Reason for the trading strategy The prices of copper exported by Australia continue to grow...



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