Daily reviews

Strong report on employment in US that was published on Friday, again put a Japanese Yen under pressure. Seasonal and fundamental factors are directed against Japanese currency, and that’s why we expect its further weakening. As of now currency pair USD/JPY is traded at 103.05 near the last week’s maximum …

On Thursday on a trading session US dollar is traded in a narrow range against other main currencies, because investors expect publication of data on the employment market in US on Friday. This data can make the beginning of the reduction of the purchase of government bonds closer that is …

US dollar has a good potential for growth

Yesterday’s data on employment from ADP that comes out before the data on employment in a non-agricultural sector of the US economy came out much better than it was predicted 215 000 against 173 000. This is a good signal that the main data …

In expectation of US unemployment data

Forex is being consolidated after the strong statistical data from USA which was published yesterday. Index of business conditions NAPM New York came out on the level 608.5 points against previous value of 598.7 points. This data produced a negative influence on the Stock …

Swiss National Bank will keep its current monetary policy on a meeting planned for December 12, due to continuing economic, tax, budget and monetary uncertainty in Eurosone. Swiss National Bank keeps the lowest rate for EUR/CHF at the level 1.20 and the range for 3 month Labor rate at 0.0% …

Pair USD/JPY is being traded with the decrease in European session, reaching the new maximum in six month on the 103.38 mark on Tuesday during the Asian trading session. On the market it’s being said about big short orders, related to options, on the levels of 103.5, 103.75 and 104.00. …

New Zealand dollar keeps holding against US dollar

Yesterday’s data on US came out quite well. That caused negative influence on the US stock market, as well as it supported US dollar against main currencies besides New Zealand dollar. It’s been around its historical peak for quite a while already. …

Coming week is expected to be full of economic events

Coming week will be reach in important economic data. There will be events related to meetings of the Central Banks of the UK and Eurozone on interest rates. We cannot expect from those meetings that interest rates will change, but …

Markets today are going to be quiet

Today there is practically the second unofficial holiday in USA – “black Friday”, a day when Christmas sales begin and Americans hurry to buy presents for their relatives.  This day is an important indicator of American consumer confidence for experts and analytics. In …

The Japanese yen continues to decline against major currencies on Tuesday, because the recovery of the stock market and tolerable auction results on placement of government bonds in Japan helped ease risk aversion by investors.

Trade Recommendation: Buy the pair at a penetration of 128.00-128.50 resistance area (in this case …