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#1
25th April 2016
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NewForex — Forex news (daily)
Allow me to present to the distinguished community the Forex news by NewForex company. In this thread I will post daily news about the Forex market.</div></div></div>
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#2
23rd July 2016
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Forex News from NewForex: Asian markets closed with a decline
On Friday, July 22, Asian stocks lose ground after an 8-month high. The yen rises amid low possibilities of new stimulus measures in Japan. At the moment the pair dollar/yen stands at 105.98 (-0.17%). During the week the yen shed 0.8%. The MSCI Asia Pacific index tumbled 0.6%, the Topix slid 1.3%. The Australian and the New Zealand dollar expanded their weekly decrease reaching a 1.3% fall this week. The Reserve Bank of New Zealand stated that the introduction of monetary stimulus measures is necessary for the inflation increase, in Australia the inflation is below the targeted level. The Aussie edged down to 0.15% versus the US dollar, the kiwi managed to pick up 0.23%. The yuan advanced 0.06% against the greenback. The economy of the country has been gradually recovering and we expect that the currency rate will stay quite stable. The interest rate cut is unlikely at the moment which triggered the fall of indexes. The CSI300 slipped to 0.6%, the Shanghai Composite slid 0.7%. In Hong Kong the Hang Seng dropped by 0.5%.  NewForex Analyst Luigi Campo Forex News from NewForex: Pound tumbles after low PMI data The pound sterling declines in the trading on Friday, July 22, after the release of fresh economic data from the UK. The pair pound/dollar stands at 1.3186 (-0.35%). The immediate level of support is seen at 1.3061 (a low of July 20), the level of resistance is at 1.3313 (a high of July 18). Preliminary PMI data in the manufacturing sphere for July decreased from 52.1 to 49.1 with the forecast at 50.0. The service sector fell from 52.3 to 47.4 instead of expected 49.2. The latest data added more concern to the possible economic slowdown in the UK due to the decision of the country to leave the European Union. The pound slides against the euro losing 0.49%. The UK’s index FTSE shows a weak rise at 0.09%. The Composite Eurozone PMI dropped from 53.1 in June to 52.9 in July outstripping the forecast at 52.5. Although the service sector declined from 52.8 to 52.7, it stays above the forecast as well. The pan-European index STOXX 600 shed 0.04%, the German DAX and the French CAC 40 demonstrate a slight rise at 0.03% and 0.27%, respectively.  NewForex Analyst Luigi Campo
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#3
25th July 2016
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Forex News from NewForex: Oil prices decline amid growing data in the US
In the trading on Monday, July 25, oil keeps losing ground. Concerns over oil glut in the global market pull down black gold. Crude oil with the delivery in September dropped by 0.59% to $43.93 a barrel. On Friday oil slumped to $43.74, a low since May 10. The number of drilling rigs in the US descended by 14 last week to 371 which is the fourth weekly decrease in a row. Gasoline inventories rose by 0.9 mln., while market participants expected a tumble by 0.8 mln. barrels. In total US oil inventories shed 2.3 mln. barrels last week. However, in spite of this 519.5 mln. barrels perform a historic high for this season. In the Mercantile Exchange in London Brent with the delivery in September slid 0.61% to $45.41 a barrel. On Friday the raw material edged down to $45.17 hitting a 2-week low. Last week Brent slipped to $2.23 or 4.03%. High probability of export increase from Libya and Iraq triggers concerns as it might lead to the market glut and decrease in demand for oil among refiners.  NewForex Analyst Sara Rosenstein Forex News from NewForex: Euro gains against the main currencies European markets advance after the release of upbeat data from Germany. Although the Business Climate of Germany slumped from 108.7 to 108.3 this month, it stands above the forecasts of economists. The pan-European index STOXX 600 surged 0.53%. The UK’s FTSE climbed 0.02%, the German DAX added 0.96%, the French CAC 40 rose 0.59%. Global shares increase after the announcement of G20 Finance Chiefs about the readiness to implement necessary measures to boost the global economic growth. In spite of the rise of the euro against the buck by 0.12%, the single currency remains at a 1-month low against the greenback. The immediate level of support is seen at 1.0908 (a low of June 24), the level of resistance stands at 1.1042 (a high of July 22). The pair euro/pound picked up 0.23% to 0.8376. The single currency jumped 0.24% against the yen to 116.58, against the Swiss franc it gained 0.14%.  NewForex Analyst Sara Rosenstein
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#4
26th July 2016
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Forex News from New Forex: Gold slightly rises amid Fed policy meeting
Gold trades warily in the trading on Tuesday, July 26. Starting the day with a decline the precious metal managed to change its direction and rises. Gold futures with the delivery in August surge 0.12% to $1.321.10 a troy ounce. Spot gold added 0.53% to 1.322.16. Silver futures with the delivery in September pick up 0.45% to $19.735. Intentions to introduce extra monetary stimulus measures by central banks of Europe and Asia in order to mitigate consequences of Brexit lend support to metals. Meanwhile, the market is in the anticipation of the results of a 2-day Fed policy meeting. Although market participants do not expect any interest rate hike this week, they are going to pay close attention to subtle hints about the nearest hike. Recent positive data from the US indicate that the rate hike might be earlier than by the end of the year. At the moment the dollar index slid 0.34% to 96.94.  NewForex Analyst David Fineberg Forex News from New Forex: Greenback slips against the euro and the yen In the trading on Tuesday, July 26, the US dollar edges down versus the main currencies, investors are in the anticipation of the Fed’s meeting today and its results tomorrow. The currency instrument euro/dollar climbed 0.07% to 1.0998. The greenback shed 1.30% against the yen to 104.39, a low since July 14. The yen advanced after the information that the Japanese government is going to implement a direct fiscal stimulus in 6 trillion yen ($56 billion) in the coming years, while the market expected more considerable inflows in 10-20 trillion yen. The indexes Nikkei, JPX-Nikkei Index 400 and Topix dropped by 1.4%. The Australian and the New Zealand dollar gain 0.75% and 0.96, respectively. The trade balance of New Zealand narrowed from $358 million in May to $127 million in June. Export climbed in the country to $4.26 billion in June, while import dropped to $4.13 billion. European markets trade in mixed ways, investors fix their profit and wait for the decisions of central banks in Europe and Asia this week. The pan-European index STOXX 600 gained 0.02%. The UK’s FTSE surged 0.20%, the German DAX advanced 0.29%, the French CAC 40 shed 0.05%.  NewForex Analyst David Fineberg
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#5
27th July 2016
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Forex News from NewForex: Yen falls against the dollar and the euro
The Japanese Prime-Minister Shinzo Abe intends to allocate 28 trillion yen to support the country’s economy. The program includes 13 trillion as fiscal measures. Japanese economy faces pressure due to the demand contraction abroad. The growth of the yen in 2016 makes the goods produced in the country less attractive, which endangers export in Japan. Abe claimed that it is necessary to support domestic demand and make the economy steadier. Investors are in the anticipation of the Bank of Japan meeting this Friday where it might be decided to cut the interest rate from −0.1% to −0.2%. The bank might also extend stimulus measures. Today the currency instrument dollar/yen jumped 0.80% to 105.48. Euro/yen gains 0.90% to 116.01. Japanese indexes reacted with a rise after the speech of the Prime-Minister. The Nikkei picked up 1.7%, the Topix added 1.1%, the JPX-Nikkei Index 400 edged up 1.2%.  NewForex Analyst Michael Butnitsky Forex News from NewForex: Oil and gold decline Oil loses ground in the trading on Wednesday, July 27, markets are in the anticipation of weekly oil stocks in the US. Crude oil WTI with the delivery in September shed 0.65% to $42.64 a barrel. On Tuesday black gold slumped to $42.36, a low since April 20. Brent oil descended by 1.23% to $44.32. Raw material slid around 15% since the start of June, high oil stocks push prices down. We assume that in the short term the decrease will continue due to oil glut. Gold tumbles as well, the main reason is strengthening of the US dollar before the release of Fed’s policy meeting results over the interest rate. It is highly likely that the interest rate will remain unchanged till the end of summer. Spot gold trades with a slight rise at 1.320.29 (+0.03%). Stocks of the precious metal in the largest EFT-fund SPDR Gold Trust edged down to 0.45% to 954.24 tonnes. Spot silver trades flat at $19.614.  NewForex Analyst Michael Butnitsky
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#6
28th July 2016
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Forex News from NewForex: Aussie and kiwi surge after the Fed’s report
The Australian and the New Zealand dollar advance against the greenback after the Fed’s decision to keep its policy unchanged. The currency instrument AUD/USD added 0.69% to 0.7542. Kiwi/dollar picked up 0.42% to 7.7102. The Fed’s decision to hold the interest rate unchanged was quite predictable. It was mentioned in the report that economic risks have decreased in the country and the labour market got stronger. Thus, in the short-term we might expect the interest rate hike in September. Commodity currencies gained amid the rise of oil prices, although oil glut keeps exerting pressure on black gold. WTI futures picked up 0.26% to $42.03 a barrel, Brent lost 0.25% to $43.36. The Canadian dollar edged up 0.36% versus the buck to 1.314. At the moment the dollar index slipped to 0.35% to 96.41, a low since July 15. Japanese and Chinese markets decline. The Japanese Nikkei took a break after a rise amid strong positions of the yen. The index shed 1.1%. The Topix and the JPX-Nikkei Index 400 edged down to 1.1% too. In Hong Kong shares descend due to the fall of energy and financial shares. The Hang Seng slid 0.2%, the China Enterprises Index tumbled 0.4%.  NewForex Analyst David Fineberg Forex News from NewForex: Sentiment of the European market improves The European market moves up and down after the Fed’s decision to keep the interest rate unchanged. Investors are in the anticipation of the Bank of Japan decision over the interest rate. The UK’s FTSE shed 0.19%, the German DAX added 0.01%, the French CAC 40 tumbled 0.12%. The pan-European STOXX 600 loses 0.3%. The economic sentiment of Eurozone improved in July in spite of some negative forecasts of economists due to consequences of Brexit. The business climate rose from 0,22 to 0,39. The industrial confidence index advanced from −2,8 to −2.4. Consumer confidence index remained unchanged at −7.9. The sentiment in the service sector jumped from 10.9 to 11.1. The UK economic sentiment dropped from 107.0 in June to 102.6 in July with losses in all leading sectors. The largest fall is seen in the consumer sector. The consumer confidence index fell from −1.2 in June to −9.2 this month. The pair euro/dollar stands at 1.1084 (+0.26%). Euro/pound climbed 0.72% to 0.8423.  NewForex Analyst David Fineberg
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#7
29th July 2016
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Forex News from NewForex: European indexes rise after fresh data on Eurozone
European markets display positive dynamics in the trading on Friday, July 29. However, the increase is quite moderate as investors estimate the decision of the Bank of Japan to keep the interest rate unchanged at −0.1%, while a lot of market participants expected a descend to −0.2%. Today the pan-European index STOXX 600 advanced 0.57%. The UK’s FTSE picked up 0.03%, the German DAX added 0.62%, the French CAC 40 climbed 0.21%. Latest data on economic situation in Eurozone lends support to the market. The GDP of Eurozone in the second quarter dropped from 0.6% to 0.3%, which complies with forecasts. The unemployment rate in June remained at the level 10.1%. The preliminary consumer price index for July rose year-on-year from 0.1% in June to 0.2% this month. The core CPI, which excludes food, energy, alcohol and tobacco prices, remained at 0.9%. Currently the currency instrument euro/dollar edged up 0.22% to 1.1099. Euro/pound surged 0.19% to 0.8426.  NewForex Analyst David Fineberg Forex News from NewForex: Oil and gold prices tumble On Friday, July 29, oil futures hit a 3-month low. Obviously oil glut contributes to the negative sentiment in the market. WTI futures with the delivery in September dropped by 0.95% to $40.75. Brent shed 1.5% to $42.06. It was reported this week that US oil inventories rose by 1.7 million barrels to 521.1 million barrels which presents a historic high for this summer. Gold loses ground as well in spite of decisions of the Bank of Japan and the Fed to hold the interest rate unchanged. Today gold futures with the delivery in December slid 0.03% to $1.340.80 a troy ounce. The immediate level of support is seen at $1,330.10 (a low since July 28), the level of resistance stands at $1,356.90 (a high since July 12). Spot gold edged down to 0.1% to 1.334.16. Silver futures with the delivery in September tumbled 0.55% to $20.085 a troy ounce whereas silver spot declined by 0.53% to $20.04.  NewForex Analyst David Fineberg
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#8
23rd August 2016
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Forex News from NewForex: Fundamental analysis of gold
This year gold rose almost 25%, having reached its highest level of $1.375.25 (since March, 2014) after Great Britain left the EU. The price tumbled amid the news that USA economy gains strength. The positive analytics from the USA about employment shows good perspective for the world’s largest economy and may exert additional influence on the gold price. More strong data on jobs in nonagricultural sector gives the Fed more freedom to raise interest rates what may decrease the gold price in the short term. The price of gold slid $7 to 1341. Now it is not able to rise higher as traders still do not know what move the Fed will make. Some traders discuss a possible rate hike in September while others talk about its decline.  NewForex Analyst Luigi Campo
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#9
24th August 2016
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Forex News from NewForex: Fundamental analysis of European currency
One of the main economic news on August 24, 2016 was the release of Germany GDP data. Following this information, the Euro slids versus all currencies as the negative sentiments spread. Due to the unusual liquidity flow of EUR/USD, Common European Currency strengthened during the US session. However, discarding the influence of the dollar, we can observe that the Euro is facing the negative impact of the fundamental factors. The most significant event today is the updating of Germany GDP data for the second quarter. The expected record growth of 2.2% is confirmed. However, the real problem refers to the future trends, not to the previous indexes. As expected, export (8.2% of growth) and investment in construction (5.2%) played the key role in GDP growth.  NewForex Analyst Joseph Schwartz
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#10
25th August 2016
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Forex News from NewForex: Fundamental analysis of American currency
Today the most significant economic news affecting the Forex market quotes, is publishing of data on the real estate sale in the primary market of the United States. If positive statistics are released, it will mean the readiness of citizens to spend considerable sums to purchase of the real estate, which proves their confidence in economic situation. This year new build sales increased by 31% and verged to 654.000 houses a year. This is a good indicator. It is possible to estimate in such conditions both the growth of incomes, and the GDP increase in the United States. NewForex analysts believe that this fact will push the Fed to increase interest rates in the current year. Most likely it will happen after the presidential elections at the meeting on December 14. Taking into account that financial markets consider not only the facts but also rumors and expectations, we can assume that the decision on the intermediate-term selling of EUR/USD can be made today. The data on actual sales result of houses will be published in the afternoon. According to our forecast, we will see the better statistics than expected. Considering this, we advise to sell the pair EUR/USD.  NewForex Analyst Joseph Schwartz
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