A rising trend will have a positive effect on the U. Consumption is a key driver of the economy, accounting for about two-thirds of GDP. Finally the Revised UoM Consumer Sentiment is also expected, which determines consumer attitudes concerning both the present situation and future expectations and is forecasted at It is important to mention that yesterday; Crude Oil Value started the trading session lower, as Wall Street was bearish at the opening. Nevertheless, as the day advanced, Wall Street made some gains, and so did the Crude Oil prices, reaching the 72,49 USD level, after two trading session that Crude Oil Value was bearish.
This happened because the U. S trading session. As for next week, traders should follow carefully the market developments because August summer holidays are nearing its end and trading volume should be back to normal. If the U. S economy does not show strong signs of recovery then the U. Nevertheless, the Euro during the U.
These fluctuations that we observed on the Euro were definitely related to the Asia and Europe stock market developments, and also because of the bearish trend that we saw in the main European Stock markets. Some concerns were still arising in the marketplace regarding the worldwide economic recovery, and this way risk aversion came back to the market and the main Bourses in Europe retreated.
As the main European bourses retreated, so did the Euro. Nevertheless in the U. Yesterday from Germany we saw the Consumer Climate indicator and showed a number of 3. Nevertheless these readings did not succeed to boost the European stock markets. As for today there are no key indicators due for release from Europe, so the Euro trend against the U.
Stock Market development and U. Yesterday, from the U. Nevertheless, the Business Investment, which determines the total level of capital spending by all companies showed a number of These figures joined the Consumer Confidence with a reading of , when was forecasted at , and also the CBI Realized Sales which showed a reading of , below the forecasted reading joined the party. These figures showed that the British economy has a difficult road to go through.
As Asian bourses mirrored the other major equity indexes, the JPY began to find takers and it once again is showing signs of being a so called safe haven as questions are starting to emerge in nearby markets such as China. Gold did turn in a rather bearish outcome on Tuesday and this happened as the USD got stronger against other currencies, but interestingly as the USD gave back some of its gains in later trading — Gold continued to be weighed down.
Gold is trading at This shows that to be a forex trader, there are significant risks involved, and the market can be very unpredictable. In addition, since the start of the recent global financial crisis, Gold has been very volatile. Therefore, it has attracted the attention of many big investors and day traders. This has resulted in the commodity producing more volatile and unpredictable behavior! Also, the recent price dive for the commodity may signal that a short-term price reversal occurring.
However, it is also possible that Gold may slip further! However, anything is possible! I think that there is a possibility that there may be a leveling off of the pair in the coming trading hours, until either the bulls or the bears win the battle, and we see a possible bullish or bearish trend developing in the next trading days.
This is an increase of over pips. Thus an fx trader that bought the pair at the former price and sold it at the latter price is likely to have made big profits indeed. This may indicate that the bullish power of the pair could be slowing down, and this could signal that there may be signs of bearishness on the horizon.
However, despite this possibility, it can be said that this popularly traded currency pair has beaten the expectations of top economists many times over! Dollar record bearishness vs. The pair peaked at about However, since this peak, the pair has declined by over pips to the current market price of Even by looking at the last candle on the chart, it is really hard to tell in which direction the currency cross is heading next!
Moreover, I am of the view that there is always a chance that the current bearish trend of the pair could continue through end-of-week trading! At the moment, the best thing for fx traders may be to sell on highs and buy on lows, and buy on lows and sell on highs! The latest support levels are With regards, the current resistance levels, they are at Forex News. Show hidden low quality content.
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Podemos asegurar que todo es fidedigno y rentable hasta fecha de hoy, y que Forex Macro cumple con todos sus compromisos. Mi nombre es Angels de Merca Forex, trader e inversora privada de forex. Asesoramos e invertimos en empresas profesionales que multiplican tu dinero de forma inteligente. Ahora se ha liberalizado y el monopolio de las entidades bancarias ha permitido que surja la oportunidad a todo el mundo de invertir directamente en el mismo.
Forex Macro es una de esas empresas profesionales. Que es Forex Macro y como se beneficia usted? Pensamos que todo ello no ha de ser uso y disfrute de unos pocos. Comience su propio negocio y tenga absoluto control sobre su futuro. Industrial Production in the U. As for today, we are waiting the U. Empire State Manufacturing Index, with an expected reading of 2.
And finally we are going to see the NAHB Housing Market Index, which determines the demand outlook of single-family home builders and which is estimated at number of 18, when last reading was Tomorrow, the main indicators are going to be the Building Permits, which determines the level of new residential building permits issued, and is estimated at 0. The Producer Price Index PPI , which determines the rate of inflation experienced by manufacturers when purchasing goods and services, will be published tomorrow and is estimated a number of It seems that risk aversion is again in the market, and it is going to be very interesting if traders once again keep themselves with the U.
Before we entered the weekend, the Consumer Price Index CPI , which determines the rate of inflation experienced by consumers when purchasing goods and services, was published and showed a reading of Deflation a not Inflation is what is making echo in the market. As for today we are waiting the European Trade Balance numbers, which determines the difference in worth between imported and exported goods, and is estimated at 1.
Tomorrow, the German ZEW Economic Sentiment, which determines institutional investor sentiment, will be published and is estimated at a number of As for today investors should carefully follow the European currency evolution, because is going to be a week full of events, and if German indexes surprise, probably the Euro is going to take all the advantages, getting back to business.
Last Friday was quiet in the UK, and no risky event was published. This trend is going to be back for today, because no reports are going to be published. The CPI determines the rate of inflation experienced by consumers when purchasing goods and services.
Also the Core CPI is on schedule, with an estimated reading of 1. Finally on Tuesday, we are going to see the Retail Price Index RPI number, which differs from CPI in that it only determines goods and services bought for the purpose of consumption by the vast number of households. This is the consequence of five million Britons that stayed at home during these holidays, and supermarkets are still fighting for extra customers.
Today, it will be crucial to follow the stock market developments, with the risky events that are going to be published, and this way adjust sterling positions. Against the greenback, the Yen advanced in particular, although the U. Yesterday in Japan, the preliminary GDP was published with a final reading of 0.
These numbers are estimated to benefit the Japanese Yen, and only on Wednesday there is going to be a publication in Japan, while the rest of the week will be quiet. On Wednesday, the All Industries Activity numbers will be published, but its impact on the market will be limited. Light sweet Crude Oil for September, finished the session at If this transaction will be reached, it is going to be the main and fist international transaction that China fulfills.
If we manage to break above , it should be relatively clear sailing to On the downside we are looking at a move down to This a great range to trade. Any move past initial support and resistance will probably be at least a point attempt, so be poised to strike! Yet, oil is the first to really buck the trend and break. Our next support level is I expect us to play this wider range due to the various fundamental and technical factors that are building up around the world.
It will make for an interesting week. We have traded the whole range Expect to see further attempts to take this pair lower. If we break again below Along the way there is a small support level around Caution is the word of the day.
Support, 1. I am looking for a push downwards to try and test the initial support point.
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