Exness - Forex Market Analysiss

EURUSD dropping perfectly, remain bearish

Price is dropping nicely towards our profit target. We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support)...

XAUUSD bullish above major support

Price is approaching major support at 1150.11 (Fibonacci retracement, horizontal pullback support, Fibonacci projection) and we expect a bounce above this level to at least 1162.84...

EURUSD: under pressure after M.Draghi's statement

M.Draghi statement, made yesterday, about a likely revision of the parameters of the asset purchases program in the euro zone in March puts pressure on the euro...

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The euro tests the level of $1,141

Expectations of a decline in the euro zone's business sentiment index in October do not put any significant pressure on the euro. Moreover, investors are buying the EUR/USD pair against the background of curtailing of the euro carry trades...

GOLD: under pressure before the ADP publication on employment in the US private sector

An increase by 192 thousand people in the number of employed in the US private sector expected in September may support the world's reserve currency. In the short term, the price of gold risks falling below $1121...

The pound is testing the support level of 1.5465

Today at 10:00 GMT, the CBI balance of manufacturing orders for the UK will be published. The indicator's growth from -1 to 0 p., expected in September, can provide slight support for the pound...


Mark Carney has supported the pound

In June, the basic consumer price index in UK fell from 0.9% (y/y) to 0.8% (y/y). Despite the decline in inflationary pressures, the pound grew yesterday. The statement made by the head of the Bank of England supported the pound...

EURUSD: consolidation around the 1.0973 level

Reaching an agreement between Greece and its creditors yesterday helped to reduce the yield on 2-year Greek bonds from 33.9% to 25.2% and helped the growth of the European stock markets...

The Kiwi is getting closer to the 2015 low

The current account surplus of New Zealand's balance of payments in Q1 2015 amounted to 662 million NZ dollars, with a forecast of 190 million NZ dollars. In spite of the positive statistics, the demand for the Kiwi remains low...

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The euro breaks the resistance of 1,1331

In April, the volume of industrial production in France fell by 0.9% (m/m). The data reflects a decline in the real sector of the eurozone's second economy. The euro ignores the statistics, winning back the weakness of the US dollar in the international currency market...

GBPUSD:consolidation before the Bank of England's meeting

In May, the business activity index in the UK services sector fell from 59.5 p. to 56.5 p., not allowing the pound to rise above the 1.5375 level yesterday...

GBPUSD: consolidation higher than 1.5259 support level

The British currency remained under pressure after the publication of insufficiently strong data on the UK GDP for Q1 2015. In the reporting period, the indicator increased by 0.3% (q/q)...


EURUSD: growth after the publication of the Gfk consumer confidence index in Germany

Germany Gfk consumer confidence index, calculated for June, rose from 10.1 p. to 10.2 p. and exceeded the forecast of 10.0 p. The data reflect an increase in consumer spending in the eurozone's largest economy, which supports the euro...

In the short term the pound may test the 1.5633 level

The UK Rightmove house price index fell by 0.1% (m/m) in May. In annual terms, price growth has slowed down from 4.7% to 2.5%. The data reflect low inflationary pressures in the country, as well as a weakness of the purchasing power of British households...

GOLD: growth before the publication of the ISM business activity index in the US services sector

Buy on a level breakthrough of 1223 with 1255 target. Stop loss = 1200...

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USDJPY: growth after the publication of Japan's trade balance

Buy on a level breakthrough of 121.50 with 122.00 target. Stop loss = 121.00...

Bank of Japan believes that the volume of industrial production

USDJPY Sell on a level breakthrough of 117.64 with...

In the short term the pound may test the 1.5932 level

GBPUSD Sell on a level breakthrough of 1.5485 with 1.5415 target. Stop loss = 1.5545...


USDJPY: growth before the publication of the final estimate of US GDP in Q3 2014

USDJPY Buy on a level breakthrough of 120.20 with 121.67 target. Stop loss = 119.70...

GOLD: under pressure against the background of rising employment in the USA

GOLD: under pressure against the background of rising employment in the USA. Sell on a level breakthrough of 1185 with 1142 target. Stop loss = 1210...

The pressure on gold has increased after a breakthrough of the $ 1240 support level

In September, against the background of a possible reduction by 10 billion dollars in the program of QE3 asset purchases in the United States, the world's reserve currency has noticeably increased its weight in the FOREX market...


Forecast for the week August 18, 2014 - August 22, 2014

This week, attention should be paid to the publication of the minutes from the last US Federal Reserve meeting, as well as the meeting of representatives of central banks and leading economists at the annual symposium at Jackson Hole...

Forecast for the week 30.06.2014 - 04.07.2014

The most important macroeconomic events will occur next week on Thursday before Independence Day in the United States, when the June data on the U.S. labor market will be published, as well as the ECBs decision on key interest rate...

Forecast for the week of June 23-27

In the upcoming week significant macroeconomic statistics about the worlds largest economies will be published, which will help assess the level of the G7 nations central banks willingness to curtail asset purchase programs...


Forecast for the week of June 16-20

Next week the most important event for the financial markets will be the US Federal Reserve's decision regarding monetary policy...

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