Thread: Forex Analytics By Forexmart

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Last week. The S&P 500 (Standard & Poor's 500) index tried out the lowest levels of 2015 which we have seen a sturdy demand and the increase of price. As a funding currency, it has been a negative factor for Japanese yen the expanded demand for "risky assets". The US stock energy sector has been put through leaders due to the fleet oil quotations.

The first support occurs at 118.40 and at 117.80 subsequently. The first resistance stands at 119.20 and at 120.40.

A sturdy buy signal has been established. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. An ascending motion creating a "Golden Cross" is made by Tenkan-sen and Kijun-sen. The ascending movement will be until the price is over the Cloud.

The MACD indicator is in a negative area. The price is increasing.

The pair can head to the resistance level of 119.20. If this happens, a further growth towards 120.40 is possible.

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A negative factor for the solitary European currency was the downfall of the IFO indicator to its bottommost level for eleven (11) months. Its negative statistics stimulates the market as it is nearly connected with the German Gross Domestic Product dynamics. A constant displeasure felt by the traders is an aftermath of deceleration of the German economic development. And also, take notice of the insurgence of negativity in the mechanical engineering and automotive industry primarily given by low exports. The initial support occurs at 1.0800 and at 1.0730 subsequently. The initial resistance stands at 1.0925 and at 1.1050 subsequently. A sturdy sell signal has been established. The price is under the Ichimoku Cloud and it is below the Chikou Span. The Kijun-sen is shows a horizontal motion while the Tenkan-sen is in descending motion. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative area. The price is declining. The level under 1.0730 will signalize the sellers. The price may head to 1.0630 shortly. The barrier for the pair's growth is the level of 1.0925. If this happens, the EUR/USD pair could head up to 1.1050

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Though the desire for risk is soaring among investors, we should expect an expansion in USD/JPY pair. An indisputable quarterly records of US organizations put back growth on the market. Being the funding currency, the yen will be under pressure as the stock market and the increase in cross-rates specify carry trade locations growth. The US and Japanese government bonds divergent lucrativeness has lengthen as the debt market establishes the pair's ascending trend. The initial support occurs at 118.40 and at 117.80 subsequently. The initial resistance stands at 119.20 and at 120.40 subsequently. A sturdy buy signal has been established. The price is over the Ichimoku Cloud which is on top of the Chikou Span. Showing an ascending motion, a "Golden Cross" is being build by the Tenkan-sen and Kijun-sen. The ascending motion will be until the price is over the Cloud. The MACD indicator is in a positive area. The price is increasing.

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The disorder in the financial market perturbed the US Federal Reserve. The report of the Fed did not affect the EUR/USD pair or even the other assets. The outcome of the Fed's two-day conference is continually assessed by the investors. The trades of the pair EUR/USD were stopped yesterday. The Germany surmounted the initial inflation statistics whose development rate may expedite to 0.5% from 0.3%. The inflation dynamics of Germany is relatively good which causes the European Central Bank to be attentive to its quantitative easing program. The data occurs at the reported median. The EUR/USD signifies an increase by the end of the trades. The reported number of Initial Jobless Claims was 282, 000 but it reached only 278,000. In spite of the fact that all clear signs of perennial unemployment growth are discerned which has a negative effect on the general unemployment volume, the labor market is stable. Moreover, the expected the rigid goods decreased by 0.6%, nevertheless, the decline was 5.1%. The fourth quarter Gross Domestic Product of the UK was issued yesterday. As it was reported, the growth rate of the GDP for the first nine (9) months of 2015 was 2.27%. Take notice of the UK economy, wherein the first nine (9) months of 2014, the growth rate was 2.87% which shows its slowdown phase. The data occurs at the reported median. The GBP/USD pair signifies an increase by the end of the trades. The currency pair USD/JPY is still in a tapered channel trading. Anyway, pressure on the yen is been building up as the Bank of Japan will declare the next simplification measures by the end of the two days conference. Japan forecasted the retail sales which reduced by 1.1% similarly in the relative period in 2014.

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In 2015, the Gross Domestic Product of UK heightened by 2.2%. The increase of the price may still proceed even though the economic deceleration is a negative factor for the currency as the pound was in a recovering stage to the descending trend.

We should not hope for a positive data as stated by the US Gross Domestic Product leading indicators. The deliverance went worse than it was expected as it goes 0,7% versus the reported 0,8%.

The initial support occurs at 1.4160 and at 1.4080 subsequently. The initial resistance stands at 1.4240 and at 1.4320 subsequently.

A weak and non-confirmed sell signal appears. The price is below the Ichimoku Cloud and it is beneath the Chikou Span. The Tenkan-sen creates a descending motion and the Kijun-sen shows a horizontal motion. The descending movement will be until the price is below the Cloud. The MACD indicator is in a positive location. The price is retrieving.

The ascending possible target are 1.4320 and 1.4400.


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The stability of the US dollar cannot be weaken by the conflicting data of the USA. In the fourth quarter, the economy of the USA increased by 0.7% only versus the reported of +0.8% and the preceding value of 2.0%, according to the initial statistics. In the meantime, along with expectations at 1.2%, the direct consumption expenditures index increased. In the preceding value of 93.3, the Michigan consumer confidence index dropped to 92.0 in opposition of the reported 93.0. Generally, the economic scene is somewhat variegated. The previous Fed statements that the country's economy is in a slow phase made the market be ready for poor Gross Domestic Product data.

To some extent, the positive inflation deliverance of the January euro zone appeased the bears' intensity who attempts to be a future monetary policy easing in March by the ECB. The Institute for Supply Management (ISM), a manufacturing sector of US, has been anticipated to produce negative data. The index occurs at the level of 48.2 in opposition of the reported 48.1. The EUR/USD currency pair became stronger by the end of the trades.

As stated by the Central Bank of Iraq, the negative manufacturing orders balance dynamics indicated that the production sector Purchasing Managers Index forecast could be more weak than the consensus report. In any case, the data appeared better than the reported median 52.9 in opposition to 51.8. The GBP/USD pair strengthened intensely by the end of the trades.

For the first time of its history, the Bank of Japan published a negative interest rate which causes to be the primary newsmaker in the past week. AS stated by BOJ, the current rate will stay unless the regulator finds a sturdy inflation rate of 2% per annum. The USD/JPY pair somewhat reduced by the end of the trades.


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