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EURUSD 1.0984 1.0987
GBPUSD 1.5624 1.5627
USDJPY 123.86 123.89
USDCHF 0.9665 0.9668
USDCAD 1.309 1.3093
EURJPY 136.06 136.09
EURCHF 1.0616 1.0619
GBPJPY 193.52 193.59
GBPCHF 1.51 1.5107
GOLD 1095.24 1095.84

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Forex Analysis & Reviews

We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.

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Sebastian Seliga
Fundamental analysis
2015-07-31
114
visited:
The PPI data published yesterday was better than expected with the main index at the level of 0.3% q/q (1.1%y/y) in the second quarter against 0.2% q/q in the previous one. Nevertheless, the other data were not so good as anticipated with bushiness confidence falling to -15.3 from -2.6 a month before and declining private sector credit reading (0.4% m/m vs. 0.5% m/m). This new set of data might be important for RBA to consider another rate cut at the nearest meeting....
Sebastian Seliga
Fundamental analysis
2015-07-31
110
visited:
Yesterday's readings of the USA GDP data for the second quarter were slightly worse than anticipated. The number came out at the level of 2.3% q/q lower than analysts' forecast of 2.6% q/q. However, the GDP was higher than 0.6% q/q in the previous quarter. ...
Joseph Wind
Fundamental analysis
2015-07-31
1352
visited:
Today, traders are waiting for Canada's GDP data, the reading is expected to be pessimistic. Today's spike is likely to hit 1.3100 or even the1.3120 levels. ...
Sebastian Seliga
Fundamental analysis
2015-07-30
925
visited:
The crude oil prices gained more than 1.4% yesterday after the crude oil inventories news release was a big miss. The market expected 700k barrels, but the inventories declined by -4203k barrels in the week to July 24. Moreover, the gasoline inventories dropped by 363k vs. 512k expected gain. As a result, the oil prices rallied to the level of 49.51, but then were capped by the strengthening US dollar due to the Fed data release. Currently, the crude oil (current month contract) is trading at the level of 48.77 at the time of writing. Any breakout above the level of 49.76 will be considered as bullish (bounce/rebound) and any breakout below the level of 48.43 will be considered bearish (downtrend continuation)....
Sebastian Seliga
Fundamental analysis
2015-07-30
200
visited:
Yesterday the Fed decided to keep the rates on hold, but did not completely ruled out a possible rate hike this year. The Fed justification was based mainly on improvement in the labor data that is still not strong enough to raise the rates this month. The statement was dovish to midly hawkish with the emphasis on economic data from the US. This means the market will be quite sensitive to any economic news from the US that will come during the next three months. Nevertheless, there is a clear positive attitude in the Fed to raise the rates this year for the first time since 2006 if the data from labor market and inflationary pressure will improve enough. Any softening in the data (NFP number below 200 000, inflation below 1%) will make the Fed wait even longer to the December before making any decisions....
Sebastian Seliga
Fundamental analysis
2015-07-29
510
visited:
Another series of economic data from UK has just been release. Overall mortgage approvals rose to 66.582K against the forecast of 66.000K and 64.826k in the prior period. The net consumer credit rose to the level of 1.22 bln against the forecast of 1.1 bln and 1.057bln in the prior period. The data suggests that more British people buy houses and spend more money on household debts, which means the economy might be expanding. ...
Sebastian Seliga
Fundamental analysis
2015-07-29
470
visited:
The highly anticipated FOMC meeting minutes and rate decision is the most important event of the day. The Fed is highly unlikely to rise the short-term interest rates. But reading the FOMC statement might give traders some clues about further policy outlook. ...
Sebastian Seliga
Fundamental analysis
2015-07-28
1458
visited:
Yesterday's strong data from the US surprised the market: durable goods orders rose 3.4% (-2.1% a month before) and core durable orders rose 0.8% (-0.1% a month before). The next portion of singnificant data is due today. The CB consumer confidence is also scheduled for today. The market expects the indicator to come out at 100.1 points compared to 101.4 a month ago. Nevertheless, any better-than-expected readings might add fuel to the fire and help the dollar rise ahead of FED. ...
Sebastian Seliga
Fundamental analysis
2015-07-28
679
visited:
According to recent events, the UK GDP is expected to accelerate by 0.7% q/q (2.6% y/y), just in line with economists' expectations, but better than the previous reading of 0.4% q/q (2.9% y/y). Moreover, the GDP is projected to increase even more: 2.5% in 2015 and 2.6% in 2016. ...
Sebastian Seliga
Fundamental analysis
2015-07-27
231
visited:
Crude oil prices slipped again and still keep heading south. The recent data from the US has increased the concerns about oversupply on the oil market as the US drilling activity increased last week. According to Baker Hughes Inc, the oil producers added 21 oil rigs last week, the biggest rise since April 2014. The recent US-Iran deal, Saudi Arabian oil oversuppling market, and the increasing number of rigs suggest much lower prices to come in the next weeks. ...
Sebastian Seliga
Fundamental analysis
2015-07-27
687
visited:
The coming week looks very interesting for financial markets with the main focus on two important events that might shape how the markets will trade over the next couple of months. The first important event is Fed's two-day meeting scheduled for Tuesday and Wednesday, the second one is the report on US corporate earnings as the last set of data before a potential Fed's rate hike. For most of the global economies (USA, China, Japan, EU), commodities (Oil, Gold, Silver), commodity-related currencies (AUD, NZD), and emerging markets this two -ay Fed's meeting is one of the most important since QE3 announcement....
Sebastian Seliga
Fundamental analysis
2015-07-24
202
visited:
The series of economic indicators from two core countries of the EU, Germany and France, has revealed a broad but slight decline in the PMI services and manufacturing numbers. French manufacturing PMI came at 49.6 vs. 5.1 expected and 50.7 prior. French services were even worse with the number of 52 vs. 53.9 and 54.1 prior. German data was no better than the French one, with manufacturing PMI at the level of 51.5 vs. 52.1 expected and 51.9 prior. A decline in service came at the level of 53.7 vs. 54.1 expected and 53.8 prior. All in all, the PMI news for the whole EU was worse than expected too: services at the level of 53.8 vs. 54.2 expected and manufacturing at the level of 52.2 vs. 52.5 expected. ...
Sebastian Seliga
Fundamental analysis
2015-07-24
208
visited:
The recent data from China (Markit Flash Manufacturing PMI for month of July: 48.2 vs. 49.8 expected, 49.4 prior) was worse than expected as the purchasing managers see the business is contracting more. This data has helped the AUD/USD pair to hit the technical support level mentioned a week ago (thick red line), because China is a strategic business partner of Australia. Moreover, the continuing decline in iron ore prices and S&P rating agency recent comment (Australia's AAA rating could be affected as Australia's budgetary performance does not improve broadly as they currently expect) are simply adding fuel to the fire as the sell-off continues....
Sebastian Seliga
Fundamental analysis
2015-07-23
2404
visited:
The Reserve Bank of New Zealand reduced the Official Cash Rate (OCR) by 25 basis points to 3.0 percent today. This is the third rate cut since 2014, and the RBNZ continues reversing the period of rate hikes. The RBNZ has justified this cut by softening economic outlook (annual rate of 2.5%) and low inflation (below the central banks 1% to 3% target). ...
Sebastian Seliga
Fundamental analysis
2015-07-23
522
visited:
Yesterday, the Greece government approved the EU demand by passing the second bundle of policy measures. This move was absolutely necessary to keep Greece in the eurozone. The 300 seat parliament approved the deal persuaded by Tsipras argumentation and 151 lawmakers finally agreed. The details of the deal revealed new banking rules protecting the taxpayers from the costs of bank failures. This law will come into force at the beginning of 2016. ...
Sebastian Seliga
Fundamental analysis
2015-07-22
406
visited:
The highly anticipated BoE minutes from its July MPC monetary policy meeting are today's the most important news event that might shed some light on further BoE interest rate decision. The 0-0-9 pattern that dominated before the minutes outcome for the recent months might finally see some changes. BoE governor Mark Carney says that the decision on when to start the adjustments to the normalization policy is getting more and more probable at the turn of the year. The two biggest hawks in the MPC group, Martin Weale and Ian McCafferty, might even vote for a rate hike today. If anyone else will join them, GBP/USD will rally to the upside. ...
Sebastian Seliga
Fundamental analysis
2015-07-22
262
visited:
The Reserve Bank of New Zealand (RBNZ) will announce its benchmark interest rate decision later today. The market does not expect any rate cut from the current level of 3.25% maybe because two weeks ago the RBA decided to leave the interest rates unchanged at the level of 2%. The other factor is the previous rate cut to 3.25% from 3.5% at the RBNZ meeting on July 11, 2015. Nevertheless, deteriorating economic conditions, including sluggish global growth and mixed data on the New Zealand strategic partners US and China, the decrease in export commodity prices, and Iranian nuclear deal, are not helping the New Zealand economy to get back on steady and sustainable path of progress. ...
Sebastian Seliga
Fundamental analysis
2015-07-21
924
visited:
After almost a month of Greek negotiations with creditors, the market is now going back to the fundamentals. The creditors made some important decisions towards the future of the eurozone and the euro currency during the hectic weeks of negotiations with Greek people. It looks like the worst scenario for Greece (Grexit) has been avoided for now, so the market participants again can focus on the economic data from the EU. The first important news release is today's German IFO business climate indicator for the month of July. The market expects the number to be quite high at the level of 107.4 with the current assessment data at the level of 113.1. ...
Sebastian Seliga
Fundamental analysis
2015-07-21
262
visited:
The AUD/USD technical picture reveals no big surprises as the AUD is slowly but surely falling to test the key support at the level of 0.7266....
Sebastian Seliga
Fundamental analysis
2015-07-20
305
visited:
The upbeat economic data from the US last week made fresh expectations about the September FED rate hike more alive. The immediate result of this speculations was a massive drop in gold prices in the early Asian trading hours. Gold futures in New York traded 2.4 percent lower at $1,107.93 an ounce after dropping as much as 4.6 percent losing more than $50 at about 9:30 a.m....
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