Forex analysis 2017

Technical Checks For EURUSD, GBPUSD, NZDUSD & USDCHF: 19.12.2017.

Tue, Dec 19 2017, 11:39 GMT.

While more than a month-old ascending trend-line, at 1.1740 now, seems restricting the EURUSD's declines, the pair finds it difficult to surpass three-week long downward slanting TL, near 1.1840. As a result, traders wait for any of these levels' break before taking a call on the pair. Should the quote clear the 1.1840 resistance, the 1.1875 and the 1.1910 might offer intermediate halts during its north-run towards November high of 1.1960. On the contrary, pair's downturn beneath 1.1740 might have to struggle with 1.1715-10 horizontal-region in order to target 1.1675 and the 1.1640-35 supports.

GBPUSD is another major which is stuck in a small range. In this case, a downward slanting TL, at 1.3425, followed by descending channel-resistance figure of 1.3470 are expected nearby resistances to watch while the 1.3300 and the channel-support, around 1.3265, are likely adjacent rests to observe. Given the prices confirm channel-break momentum by successfully trading beyond 1.3470, the 1.3520, the 1.3550 and the 61.8% FE level of 1.3615 might please buyers. However, a downside break of 1.3265 can quickly fetch the pair to 1.3210 and then to the 1.3180-75 numbers. Additionally, during the pair's extended south-run below 1.3175, the 1.3130, the 1.3080 and the 1.3040 can reappear on the chart.

NZDUSD's sustained trading above 0.6980 favors the pair to conquer 0.7030-35 horizontal-area and challenge the 0.7050-55 region to target the 100-day SMA level of 0.7090. If the pair manages to close above 0.7090 on D1 basis, the 0.7145 and the 0.7165 could entertain Bulls afterwards. Meanwhile, a daily closing below 0.6980 could drag the pair to 50-day SMA level of 0.6950 and then to the resistance-turned-support line of 0.6915 whereas the 0.6880 and the 0.6820-15 may curb its additional weakness.

Following its U-turn from a month-old descending TL, the USDCHF seems declining towards an upward slanting trend-line support of 0.9790, breaking which 100-day SMA level of 0.9765 and the 0.9740-30 zone could entertain the Bears. In case if the pair drops below 0.9730, chances of its subsequent plunge to 0.9700 and then to 0.9660 can't be denied. Alternatively, a clear break of 0.9920 trend-line resistance can help the pair to target 0.9950 and the 0.9970 north-side numbers but a bit broader descending TL, at 1.0020 now, seems crucial for the optimists then after. Expecting the pair's successful trading above 1.0020, it can well aim for 1.0100 and the 1.0120 resistances.

Published on Tue, Dec 19 2017, 11:39 GMT.

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iFOREX Daily Analysis : November 20,2017.

iFOREX | Nov 20, 2017 02:54AM ET.

The Dollar traded lower against a basket of major currencies as the US Dollar Index (USDX) closed 0.3% lower. The Dollar is under pressure as it is still not clear when the Senate would pass the Trump Administration's tax proposal.

The South African Rand (ZAR) traded 1.2% higher against the Dollar amid the Dollar weakness and closed that week for the first time in one month stronger against the Dollar. Markets will be watching the rating reviews of South Africa by S&P and Moody's this week.

Gold closed 1.13% higher on Friday as the internal political uncertainty as well as weaker Dollar and US Treasury yields pushed it higher.

Oil closed significantly higher on Friday making up almost all losses of the previous days as Saudi Arabia announced that an agreement for the extension of production cuts should be reached at the OPEC meeting on Nov. 30.

US equity indices with the exception of the Russell 2000 (US 2000) settled lower with biggest losses in Utilities and Technology stocks, while Banks/Financial and Energy stocks were the best performers of the day.

Bitcoin climbed over the mark of $8,000 on Sunday evening breaking a new record just one week after the most recent sell-off. Hyosung, a South Korean manufacturer of ATMs announced that it would integrate Bitcoin functions in some of its ATMs in the future allowing further mainstream exposure for the cryptocurrency.

Early on Monday Japan releases its global trade data. In The European session Germany releases Producer Price Index (PPI) data, while the US follows with Leading Indicators by the Commerce Department.

The Euro [i] gained slightly over the weak Dollar as it is still unclear when and if the Senate's Republicans would confirm their support for the Trump Administration's tax reform plan. The markets are also concerned about the ongoing probe into the connections of some people close to Trump with Russia's alleged influence over the Presidential election.

On Monday Germany releases Producer Price Index (PPI) data, while the US follows with Leading Indicators by the Commerce Department.

Gold [i] rose sharply on Friday over concerns about the proposed tax reform and ongoing Russia probe. Gold gained 1.13% and was at a one month high. A weaker Dollar and lower US Treasury yields further gave support to the precious metal.

Further developments in implementing the tax reform could further move the gold price. On Thursday the US will release date on Durable Goods New Orders and Jobless claims as well as the University of Michigan Consumer Sentiment.

Oil [i] rebounded from the losses at the beginning of the week and the WTI Oil closed the week only 0.4% lower as Saudi Arabia's government officials said that OPEC should announce an extension to the production cuts at their meeting on Nov. 30. This comes after Russia, while not an OPEC member a powerful ally for production cuts, was hesitant to commit to an extension. The Baker Hughes Oil Rig count in the US was unchanged.

On Tuesday the American Petroleum Institute (API) will release oil stockpile figures, followed by the Energy Information Administration (EIA) on Wednesday.

Written By: iFOREX.

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Forex Overview: EUR/USD, GBP/USD, AUD/USD | June 16, 2017.

Good jobless claims and manufacturing activities in the states of New York and Philadelphia gave the USD some strength.

Federal Reserve FOMC raised Interest Rates. The core rate of inflation in the U. S. increased at just 1.7 percent on year, the fourth straight monthly deceleration and the slowest overall pace in two years. The Fed said a recent softening in inflation was seen as transitory, but the latest tepid price readings made investors question its view that the U. S. economy is continuing to improve. Washington Post reported that U. S. President Donald Trump is being investigated by special counsel Robert Mueller for possible obstruction of justice.

French NFP higher than expected. Last German ZEW Economic Sentiment released confirmed its slowdown.

The ECB deposit rate was kept unchanged at minus 0.4 percent and the main refinancing rate at zero. The European Central Bank ruled out further interest-rate cuts in a sign that it’s moving closer to an exit from its stimulus program. Policy makers reiterated their pledge to increase the size or duration of their bond-buying program if the economy deteriorates. Updated forecasts show a stronger growth outlook but a weaker inflation picture across the projection horizon.

German Unemployment Change better than expected while Eurozone CPI (Preliminary release) slowed down along with German CPI.

1.129 strong resistance was repeatedly under test. As we wrote previously, 1.11 could be targeted as well so to test the strong supports in that area.

Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

Weekly Trend: Bearish.

2nd Resistance: 1.1390.

2nd Support: 1.1100.

9th of March, ECB Interest Rate decision + ECB Press Conference.

Interest Rates Unchanged, ECB President Dovish (can be cut again in the future if necessary)

14th of March, German CPI + German ZEW Economic Sentiment.

German CPI as Expected , German ZEW Worse than Expected.

24th of March, German Manufacturing PMI.

Significantly Better than Expected.

30th of March, German CPI.

Lower than Expected.

31st of March, German Unemployment Change + Eurozone CPI.

German Unemployment Change better than Expected (for the sixth time in a row) , Eurozone CPI Worse than Expected.

3rd of April, German Manufacturing PMI.

11th of April, German ZEW Economic Sentiment.

Better than Expected.

21st of April, French Manufacturing PMI + German Manufacturing PMI.

Better than Expected.

23rd of April, French Elections (first round)

Centrist Emmanuel Macron, a pro-EU ex-banker and former economy minister, emerged as the leader of the first round of voting and qualified for a May 7 runoff alongside the second-place finisher, far-right leader Marine Le Pen.

24th of April, German Ifo Business Climate.

Better than Expected.

27th of April, ECB Interest Rate decision + ECB Press Conference.

Unchanged, eyes on next Inflation data.

28th of April, CPI (Preliminary)

Higher than Expected.

2nd of May, German Manufacturing PMI.

3rd of May, German Unemployment Change + Eurozone GDP (Preliminary)

German Unemployment Change Better than Expected (for the 5th time in a row)

Eurozone GDP (Preliminary) As Expected.

7th of May, French Elections.

Centrist pro-EU Macron Won French Elections.

12th of May, German GDP (Preliminary release)

16th of May, Eurozone GDP (Preliminary release) + Trade Balance + ZEW Economic Sentiment.

Better than Expected.

17th of May, Eurozone CPI.

23rd of May, German Manufacturing PMI.

Better than Expected.

30th of May, German CPI (Preliminary release)

Worse than Expected.

31st of May, German Unemployment Change + Eurozone CPI (Preliminary)

German Unemployment Change better than Expected (for the 8th time in a row) , Eurozone CPI Worse than Expected.

1st of June, German Manufacturing PMI.

Slightly Better than Expected.

8th of June, GDP, Interest Rate Decision + ECB Press Conference.

GDP Better than Expected , ECB moving closer to an exit from its stimulus program.

13th of June, French Non-Farm Payrolls.

Better than Expected.

13th of June, German Zew Economic Sentiment.

Worse than Expected.

Eyes on today release: Eurozone CPI.

3rd of March, ISM Non-manufacturing PMI + Fed Chair Yellen Speech.

ISM Non-manufacturing PMI Better than Expected , Yellen noted that a rate increase at next meeting “would likely be appropriate” insisting on the condition that data on employment and inflation have to move in line with expectations.

8th of March, ADP Nonfarm Employment Change.

Better than Expected.

10th of March, Nonfarm Payrolls + Unemployment Rate.

Better than Expected.

14th of March, Producer Price Index.

Higher than Expected.

15th of March, Core CPI + Retail Sales.

15th of March, FOMC Economic Projections + FOMC Statement + Fed Interest Rate Decision + FOMC Press Conference.

The Federal Reserve increased interest rates by 0.25% to a 0.75-1% range. Dovish speech of Chairwoman Yellen.

24th of March, Manufacturing PMI + Services PMI (preliminary release)

Worse than Expected (4th time in a row)

28th of March, Conference Board Consumer Confidence.

Better than Expected (the highest since December 2000)

30th of March, GDP.

Better than Expected.

5th of April, ADP Nonfarm Employment Change + ISM Non-Manufacturing Employment + ISM Non-Manufacturing PMI.

ADP Nonfarm Employment Change Better than Expected.

ISM Non-Manufacturing Employment + ISM Non-Manufacturing PMI Worse than Expected.

7th of April, Nonfarm Payrolls + Unemployment Rate.

Nonfarm Payrolls Worse than Expected , Unemployment Rate Better than Expected.

14th of April, Core CPI + Retail Sales.

Core CPI (Inflation) Lower than Expected.

Retail Sales Worse than Expected.

20th of April, Philadelphia Fed Manufacturing Index.

Worse than Expected.

27th of April, Durable Good Orders + Pending Home Sales.

Worse than Expected.

28th of April, GDP (Preliminary release)

Worse than Expected but Price Index Higher than Expected.

3rd of May, ADP Nonfarm Employment.

ADP Nonfarm Employment better than Expected.

5th of May, Nonfarm Payrolls + Unemployment Rate.

Better than Expected.

11th of May, U. S. Producer Price Index (PPI)

Higher than Expected.

12th of May, U. S. Retail Sales + Core CPI (Inflation data)

Worse than Expected.

18th of May, Initial Jobless Claims + Philadelphia Fed Manufacturing Index.

Better than Expected.

23rd of May, Manufacturing PMI + New Home Sales.

Worse than Expected.

24th of May, FOMC Meeting Minutes.

U. S. central bank kept its benchmark rate unchanged, highlighting a slowdown in economic activity (more proof that weakness in the first-quarter was temporary is needed for future rate hikes).

26th of May, Core Durable Good Orders + U. S. GDP (Preliminary release)

Core Durable Goods Orders Worse than Expected , GDP (Preliminary) Better than Expected.

31st of May, Chicago PMI + Pending Home Sales.

Worse than Expected.

1st of June, ADP Nonfarm Employment Change + ISM Manufacturing PMI.

Better than Expected.

2nd of June, Nonfarm Payrolls + Unemployment Rate.

Nonfarm Payrolls Worse than Expected , Unemployment Rate Better than Expected.

13th of June, Producer Price Index.

Core PPI (ex food and energy) Better than Expected.

14th of June, CPI + Retail Sales.

Worse than Expected.

14th of June, FOMC Interest Rates Decision + Statement.

Interest Rate hike as Expected.

Forex Analysis: GBP/USD.

Federal Reserve FOMC raised Interest Rates. The core rate of inflation in the U. S. increased at just 1.7 percent on year, the fourth straight monthly deceleration and the slowest overall pace in two years.

UK CPI (Inflation) data again higher than expected while UK Retail Sales worse than expected. Last data regarding UK manufacturing and industrial production were worse than expected along with UK GDP, Preliminary release.

1.298 area was a strong Resistance and it was under test, as we wrote in the previous commentaries. Now, after bad news from election day, 1.27 area is going to be repeatedly tested.

The pound fell sharply on Friday after British Prime Minister Theresa May’s Conservative Party lost its parliamentary majority in a general election. May faced calls to quit on Friday after her election gamble to win a stronger mandate backfired, leaving no single party with a clear claim to power ahead of the start of negotiations on Britain’s divorce from the European Union.

And there are still some unresolved tensions with Scotland and Northern Ireland, which voted against leaving the EU. Theresa May provided no clear plan about the comprehensive “free-trade” partnership with EU members she wants to achieve.

Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:

Weekly Trend: Bearish.

2nd Resistance: 1.2978.

2nd Support: 1.2530.

4th of August, Bank of England Interest Rates decision (expected a cut)

Bank of England lowers Interest Rates as Expected (record low of 0.25%) and increases purchase program.

15th of March, Job Market.

Better than Expected.

16th of March, Interest Rates Decision + BoE Meeting Minutes.

A Bank of England policymaker unexpectedly voted to raise interest rates.

21st of March, CPI.

CPI Higher than Expected.

23rd of March, Retail Sales.

Better than Expected.

31st of March, GDP YoY.

Worse than Expected.

3rd of April, Manufacturing PMI.

Worse than Expected.

5th of April, Services PMI.

Better than Expected.

7th of April, Manufacturing Production.

Worse than Expected.

11th of April, UK CPI.

Higher than Expected.

12th of April, UK Job Market.

Worse than Expected.

21st of April, UK Retail Sales.

Worse than Expecte d.

28th of April, UK GDP (Preliminary release)

Worse than Expected.

2nd of May, Manufacturing PMI.

Better than Expected.

3rd of May, Construction PMI.

Better than Expected.

4th of May, Services PMI.

Better than Expected.

11th of May, UK Manufacturing Production + Trade Balance + BoE Interest Rate Decision.

Manufacturing Production + Trade Balance Worse than Expected.

The Bank of England made no changes to monetary policy but warned that living standards will fall this year as the headwinds from Brexit mount.

16th of May, UK CPI (Inflation data)

Higher than Expected.

17th of May, UK Job Market.

Worse than Expected.

18th of May, Retail Sales.

Better than Expected.

25th of May, GDP (Preliminary)

Worse than Expected.

1st of June, UK Manufacturing PMI.

Slightly Better than Expected.

2nd of June, Construction PMI.

Better than Expected (Highest level since February 2016)

5th of June, UK Services PMI.

Worse than Expected.

8th of June, UK General Elections.

British Prime Minister Theresa May’s Conservative Party lost its parliamentary majority in a general election, throwing the country’s politics into turmoil and potentially disrupting Brexit negotiations.

9th of June, industrial production + manufacturing production.

Worse than Expected.

13th of June, UK CPI.

Higher than Expected.

14th of June, UK Job Market.

Claimant Count Change Better than Expected , Average Earnings Index Worse than Expected.

15th of June, Retail Sales.

Retail Sales Worse than Expected.

3rd of March, ISM Non-manufacturing PMI + Fed Chair Yellen Speech.

ISM Non-manufacturing PMI Better than Expected , Yellen noted that a rate increase at next meeting “would likely be appropriate” insisting on the condition that data on employment and inflation have to move in line with expectations.

8th of March, ADP Nonfarm Employment Change.

Better than Expected.

10th of March, Nonfarm Payrolls + Unemployment Rate.

Better than Expected.

14th of March, Producer Price Index.

Higher than Expected.

15th of March, Core CPI + Retail Sales.

15th of March, FOMC Economic Projections + FOMC Statement + Fed Interest Rate Decision + FOMC Press Conference.

The Federal Reserve increased interest rates by 0.25% to a 0.75-1% range. Dovish speech of Chairwoman Yellen.

24th of March, Manufacturing PMI + Services PMI (preliminary release)

Worse than Expected (4th time in a row)

28th of March, Conference Board Consumer Confidence.

Better than Expected (the highest since December 2000)

30th of March, GDP.

Better than Expected.

5th of April, ADP Nonfarm Employment Change + ISM Non-Manufacturing Employment + ISM Non-Manufacturing PMI.

ADP Nonfarm Employment Change Better than Expected.

ISM Non-Manufacturing Employment + ISM Non-Manufacturing PMI Worse than Expected.

7th of April, Nonfarm Payrolls + Unemployment Rate.

Nonfarm Payrolls Worse than Expected , Unemployment Rate Better than Expected.

14th of April, Core CPI + Retail Sales.

Core CPI (Inflation) Lower than Expected.

Retail Sales Worse than Expected.

20th of April, Philadelphia Fed Manufacturing Index.

Worse than Expected.

27th of April, Durable Good Orders + Pending Home Sales.

Worse than Expected.

28th of April, GDP (Preliminary release)

Worse than Expected but Price Index Higher than Expected.

3rd of May, ADP Nonfarm Employment.

ADP Nonfarm Employment better than Expected.

5th of May, Nonfarm Payrolls + Unemployment Rate.

Better than Expected.

11th of May, U. S. Producer Price Index (PPI)

Higher than Expected.

12th of May, U. S. Retail Sales + Core CPI (Inflation data)

Worse than Expected.

18th of May, Initial Jobless Claims + Philadelphia Fed Manufacturing Index.

Better than Expected.

23rd of May, Manufacturing PMI + New Home Sales.

Worse than Expected.

24th of May, FOMC Meeting Minutes.

U. S. central bank kept its benchmark rate unchanged, highlighting a slowdown in economic activity (more proof that weakness in the first-quarter was temporary is needed for future rate hikes).

26th of May, Core Durable Good Orders + U. S. GDP (Preliminary release)

Core Durable Goods Orders Worse than Expected , GDP (Preliminary) Better than Expected.

31st of May, Chicago PMI + Pending Home Sales.

Worse than Expected.

1st of June, ADP Nonfarm Employment Change + ISM Manufacturing PMI.

Better than Expected.

2nd of June, Nonfarm Payrolls + Unemployment Rate.

Nonfarm Payrolls Worse than Expected , Unemployment Rate Better than Expected.

13th of June, Producer Price Index.

Core PPI (ex food and energy) Better than Expected.

14th of June, CPI + Retail Sales.

Worse than Expected.

14th of June, FOMC Interest Rates Decision + Statement.

Interest Rate hike as Expected.

Forex Analysis: AUD/USD.

OPEC said a long-awaited rebalancing of the oil market was under way at a “slower pace” and reported that its own output in May jumped due to gains in nations exempt from a pact to reduce supply.

Federal Reserve FOMC raised Interest Rates. The core rate of inflation in the U. S. increased at just 1.7 percent on year, the fourth straight monthly deceleration and the slowest overall pace in two years. Australia Employment and job creation confirmed to grow.

Australia GDP better than expected but the performance came one day after the Reserve Bank of Australia (RBA) cautioned that growth “is expected to have slowed in the March quarter”,

In the last meeting, the Reserve Bank of Australia held Interest Rates at 1.5% as expected but reporting that the current account widened to a deficit of A$3.1 billion, compared with a surplus of A$100 million seen for the first quarter.

Insisted overextension in 0.757 area seems destined to end and leave place to an exhaustion pattern, but an eventually breakout is possible and it depends closely on Oil prices’ future alignments. In the breakout scenario now ongoing, first Resistance is 0.768 and second target is 0.773. If price will be back below 0.757 then it is likely to see it dropping in area 0.748, first, and 0.740, finally.

Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:

2nd Resistance: 0.7735.

2nd Support: 0.7408.

1st of November, RBA Interest Rates Statement.

RBA’s Governor Lowe signals tolerance for weak inflation and bets seem off for future rate cuts.

3rd of November, RBA Monetary Policy Statement + Retail Sales.

RBA said it is focused on the medium-term inflation target.

Retail Sales better than Expected.

8th of November, ELECTION OF THE 45th PRESIDENT OF THE UNITED STATES.

Donald Trump elected President.

9th of November, Reserve Bank of New Zealand Interest Rate Decision + Monetary Policy Statement.

Interest Rates cut to 1.75% from 2.00% as Expected.

19th of December, Mid-Year Economic and Fiscal Outlook.

Scott Morrison announced lower than an original prediction of A$37.1 billion, investors see it as promising to stave off a downgrade of its AAA (triple A) rating from S&P Global.

9th of January, Retail Sales.

Worse than Expected.

19th of January, Employment Change.

Better than Expected.

25th of January, CPI (Consumer Price Index measures the change in the price of goods and services from the perspective of the consumer)

Lower than Expected.

1st of February, AIG Manufacturing Index.

Worse than Expected.

2nd of February, Building Approvals + Trade Balance.

Better than Expected.

7th of February, RBA Interest Rates Decision + RBA Rate Statement.

RBA held steady as expected at a record low 1.50%, while noting better economic conditions with China.

8th of February, New Zealand Interest Rate Decision + RBNZ Monetary Policy Statement.

Interest Rates Unchanged and RBNZ’s agenda contains no changes for 2017.

16th of February, Employment Change.

Better than Expected.

28th of February, New Home Sales, Current Account, Private Sector Credit.

1st of March, Australia GDP.

Better than Expected.

16th of March, Employment Change + Unemployment Rate.

Worse than Expected.

2nd of April, Retail Sales.

Worse than Expected.

4th of April, RBA Interest Rate Decision.

Interest Rates Unchanged, as Expected. Dovish tone in Philip Dowe’s Speech.

9th of April, Home Loans.

Worse than Expected.

13th of April, Australia Employment Change.

Better than Expected.

18th of April, RBA Meeting Minutes.

26th of April, Australia CPI.

Lower than Expected.

2nd of May, RBA Interest Rate Statement.

4th of May, Australia New Home Sales + Trade Balance.

Worse than Expected.

9th of May, Australia Retail Sales.

Worse than Expected.

18th of May, Australia Employment Change.

Better than Expected.

24th of May, Australia Construction Work Done.

Worse than Expected.

24th of May, Moody’s Credit Rating on China.

Moody’s Investors Service downgraded China’s credit rating to A1 from Aa3, changing its outlook to stable from negative.

25th of May, OPEC Meeting.

OPEC decided to extend production cuts by nine months to March 2018.

30th of May, Building Approvals + Private House Approvals.

Better than Expected.

1st of June, Australia Retail Sales.

Better than Expected.

6th of June, Reserve Bank Of Australia Interest Rate Decision and Statement.

In the last meeting, the Reserve Bank of Australia held Interest Rates at 1.5% as expected, reporting that the current account’s deficit widened.

7th of June, Australia GDP.

Better than Expected.

15th of June, Australia Employment Change.

Better than Expected (3rd month in a row)

3rd of March, ISM Non-manufacturing PMI + Fed Chair Yellen Speech.

ISM Non-manufacturing PMI Better than Expected , Yellen noted that a rate increase at next meeting “would likely be appropriate” insisting on the condition that data on employment and inflation have to move in line with expectations.

8th of March, ADP Nonfarm Employment Change.

Better than Expected.

10th of March, Nonfarm Payrolls + Unemployment Rate.

Better than Expected.

14th of March, Producer Price Index.

Higher than Expected.

15th of March, Core CPI + Retail Sales.

15th of March, FOMC Economic Projections + FOMC Statement + Fed Interest Rate Decision + FOMC Press Conference.

The Federal Reserve increased interest rates by 0.25% to a 0.75-1% range. Dovish speech of Chairwoman Yellen.

24th of March, Manufacturing PMI + Services PMI (preliminary release)

Worse than Expected (4th time in a row)

28th of March, Conference Board Consumer Confidence.

Better than Expected (the highest since December 2000)

30th of March, GDP.

Better than Expected.

5th of April, ADP Nonfarm Employment Change + ISM Non-Manufacturing Employment + ISM Non-Manufacturing PMI.

ADP Nonfarm Employment Change Better than Expected.

ISM Non-Manufacturing Employment + ISM Non-Manufacturing PMI Worse than Expected.

7th of April, Nonfarm Payrolls + Unemployment Rate.

Nonfarm Payrolls Worse than Expected , Unemployment Rate Better than Expected.

14th of April, Core CPI + Retail Sales.

Core CPI (Inflation) Lower than Expected.

Retail Sales Worse than Expected.

20th of April, Philadelphia Fed Manufacturing Index.

Worse than Expected.

27th of April, Durable Good Orders + Pending Home Sales.

Worse than Expected.

28th of April, GDP (Preliminary release)

Worse than Expected but Price Index Higher than Expected.

3rd of May, ADP Nonfarm Employment.

ADP Nonfarm Employment better than Expected.

5th of May, Nonfarm Payrolls + Unemployment Rate.

Better than Expected.

11th of May, U. S. Producer Price Index (PPI)

Higher than Expected.

12th of May, U. S. Retail Sales + Core CPI (Inflation data)

Worse than Expected.

18th of May, Initial Jobless Claims + Philadelphia Fed Manufacturing Index.

Better than Expected.

23rd of May, Manufacturing PMI + New Home Sales.

Worse than Expected.

24th of May, FOMC Meeting Minutes.

U. S. central bank kept its benchmark rate unchanged, highlighting a slowdown in economic activity (more proof that weakness in the first-quarter was temporary is needed for future rate hikes).

26th of May, Core Durable Good Orders + U. S. GDP (Preliminary release)

Core Durable Goods Orders Worse than Expected , GDP (Preliminary) Better than Expected.

31st of May, Chicago PMI + Pending Home Sales.

Worse than Expected.

1st of June, ADP Nonfarm Employment Change + ISM Manufacturing PMI.

Better than Expected.

2nd of June, Nonfarm Payrolls + Unemployment Rate.

Nonfarm Payrolls Worse than Expected , Unemployment Rate Better than Expected.

13th of June, Producer Price Index.

Core PPI (ex food and energy) Better than Expected.

14th of June, CPI + Retail Sales.

Worse than Expected.

14th of June, FOMC Interest Rates Decision + Statement.

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The pound value plummeted on Friday, after Brexit results showing the country’s decision to leave the European Union sent investors flooding into safe-haven assets. The pound to yen exchange rate plunged 11% to 139.90 yen. The Forex market was roiling after U. K. citizens voted on the EU referendum.…

Brexit news is sending shockwaves across the globe. The pound to euro exchange rate dropped as much as 8.3%. The GBP forecast just got a whole lot gloomier to say the least. Britain has voted to leave the European Union (EU). Results from the referendum showed that 51.9%…

The Brexit Could Hammer the British Pound If ever politics, finance, and literature meshed into one big multidisciplinary dilemma, the Brexit referendum would fit nicely. Shakespeare and Hamlet come to mind, but as Britain decides to stay in or leave the European Union (EU), The Clash’s “Should I…

Major Downside for CAD to USD? The CAD to USD exchange rate has seen a solid move to the upside recently, up roughly nine percent year-to-date. Sadly, this could be just a dead cat bounce. Major downside could be ahead for the Canadian dollar. This may sound bold,…

Most Important Number for the EUR to USD Rate If you think the decline in the EUR to USD is over and the currency pair has stabilized, you should pause and reflect on the facts. Problems in the euro area suggest parity could be possible for the EUR…

More Downside for the Canadian Dollar As a resource-based economy, Canada was devastated by last year’s commodity slump. The CAD to USD exchange rate plunged in tandem with the price of oil, but a housing bubble saved the currency from a full-blown crash. Unfortunately, that housing bubble is…

More Downside for the British Pound? The British pound continues to succumb to pressure from the prospect of Britain leaving the European Union. This potential “Brexit” is not just a possibility, it’s a probability and the GBP to USD exchange rate reflects this. The currency has virtually plummeted…

Is it time to be bullish on the EUR to USD exchange rate? Not really. After the latest European Central Bank (ECB) meeting and in view of the likely forthcoming U. S. Federal Reserve rate hike, the euro can only expect to fall to further lows against the greenback.…

Brace for Euro to USD Crunch Since the beginning of 2016, the euro has increased slightly in value. However, don’t for a second believe that this trend will continue. The EUR to USD exchange rate could be hitting parity in 2016. In fact, all the stars are lining…

More Weakness for CAD to USD Exchange Rate A weak economy and falling commodity prices have hammered the Canadian economy, which could spell more trouble for the CAD to USD exchange rate. At least that’s according to the latest poll by Reuters. In a survey of currency strategists,…

Brexit Could Hammer GBP to USD Exchange Rate The Brexit referendum could be a jolt of health for Europe and for the U. K. if Britons decide to stay in the European Union (EU). The risk of losing one of its key members may finally lead the EU to…

More Downside for the GBP to USD Exchange Rate All bets are off on the Brexit. The bookies will actually take your money over the result of the June 23 referendum. And it’s no small result—the Brexit carries the fate of Prime Minister David Cameron’s leadership of the…

More Downside for CAD to USD Exchange Rate The Canadian Imperial Bank of Commerce (CIBC) has warned that the Canadian dollar will come under increasing pressure this summer. The CAD to USD exchange rate, meanwhile, is slipping further, as the U. S. Federal Reserve has started to warn investors…

Brexit Could Crush the British Pound If the United Kingdom were to abandon the European Union (EU)—that is, if Britons vote in favor of what’s being dubbed the “Brexit” on June 23—it could trigger a shock in real estate prices in Britain, with a potential drop of 10%–18%.…

Since the CAD to USD exchange rate hit a bottom in January 2016, it had mostly been climbing upward. But then, as we entered the fifth month of the year, the CAD to USD pair started showing weakness again. Now, analysts are saying that the worst could be…

Time to Bail on the British Pound? A little over a month is left before Britons vote over their country’s membership in the European Union (EU) and the British pound has regained confidence. It might even be possible to suggest that the British pound is stronger as fears…

More Downside for the GBP to USD Exchange Rate? One of the essential analytical points to note in the mid - to long-term prospects for the British pound in 2016 is that the Brexit referendum has already faded as a predictor of the GBP to USD performance. Indeed, the…

Canadian Dollar Setting Up for a Big Drop Since the beginning of 2016, the CAD to USD exchange rate has rallied. Don’t buy into this whatsoever. This is a short-lived phenomenon. The Canadian dollar is headed much lower. Before going into any details, I want you to step…

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