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Kiwi and Aussie climb up on upbeat data 5/31/2016 On Tuesday, the New Zealand and Australian dollars edged up against their major American counterpart, driven by the issue of positive data from both New Zealand and Australia, though hopes for an American rate lift this summer kept backing up...

China stocks demonstrate the biggest one-day gain 5/31/2016 On Tuesday, Chinese stocks showed the greatest one-day revenue for two months, driven by growing optimism that they might be soon included in an influential global benchmark. In China, the Shanghai Composite Index increased 2.6%, the...

Japan factory output suddenly surges 5/31/2016 In April, Japanese factory output suddenly soared. It’s because a batch of earthquakes in the southern part of Japan didn’t have a great effect on production and it definitely powers hopes for the national economy currently squeezed by weak...

NYMEX crude rises in Asia, Brent drops 5/31/2016 On Tuesday, NYMEX crude oil futures soared in Asia, while Brent crude futures edged down right after thin overnight deals as market participants considered the impact of crude supply disruptions against the outcome of a long-awaited OPEC...

Greenback is backed up by US rate view 5/31/2016 On Tuesday, the evergreen buck fluctuated close to its highest peak for two months against other key currencies, thus following surging hopes on an imminent American interest rate lift, while the Australian dollar suddenly strengthened due to...

French growth is stronger than expected 5/30/2016 In the first quarter, the French economy demonstrated a strong-than-expected 0.6% surge, according to the official data unveiled on Monday. The given growth was reportedly powered by a leap in consumer spending as well as a pick-up in business...

German negotiated wages lift by 2.1% in the first quarter 5/30/2016 In Germany, negotiated wages managed to go up by 2.1% in the first quarter compared with the same last years’ period, according to the data published on Monday. It undoubtedly drove expectations that private consumption is...

Aussie and kiwi descend against greenback 5/30/2016 The Australian and New Zealand dollars slumped against their major US counterpart, because comments by Janet Yellen, Fed Chair powered the greenback, while dropping oil also weighed on the commodity currencies. The currency pair AUD/USD...

Nikkei surges over 1% after Fed comments 5/30/2016 On Monday, the vast majority of Asian stocks climbed up slightly with traders purchasing shares in Japanese exporters as well as other underperforming sectors. The Nikkei Stock Average soared 0.9%, driven by weakness in the Japanese yen amid...

South Korea April department store sales hit a three-month peak 5/30/2016 In April, South Korean department store sales edged up at the fastest tempo for three months, according to the final government data issued on Monday. It’s because warmer weather as well as more holidays in that month...

Greenback surges on Fed rate hike bets 5/30/2016 On Monday, the evergreen buck managed to hit its one-month peak against the Japanese counterpart, while standing still against other peers right after comments by Janet Yellen, the Fed Chair, enhanced the prospects of an upcoming American...

Gold drops in Asia as traders digest Fed views 5/30/2016 On Monday, gold sank with markets in America and Great Britain closed for holidays and traders focused on a probable Fed interest rate lift as early as next month. Japanese retail sales for April went down 0.8%. It’s definitely less...

NYMEX trades almost flat 5/30/2016 On Monday, in Asia, crude oil prices gave up their early revenues and found themselves in flat territory with holidays in America and Great Britain supposed to keep trade light, while markets are currently looking ahead to an OPEC gathering close to the end of...

DAX rising inside C-wave 5/27/2016 DAX rising inside C-wave Next buy target - 10480.00 DAX has been rising steadily in the last few trading sessions inside the C-wave of the intermediate ABC correction (2) from the start of May. The active C-wave earlier broke through the resistance level...

EUR/USD falling inside impulse waves 3 and (3) 5/27/2016 -EUR/USD falling inside impulse waves 3 and (3) -Next sell target - 1.1130 EUR/USD recently reversed down from the resistance level 1.1220 (former support level and the sell target set in our previous forecast for this currency pair...

GBP/JPY reversed from resistance zone 5/27/2016 -GBP/JPY reversed from resistance zone -Next sell target - 158.00 GBP/JPY continues to decline – following the earlier downward reversal from the resistance zone lying between the pivotal resistance level 162.50 (which has been reversing the...

GBP/USD: forecast for May 30 - June 5 5/27/2016 Broadly speaking, June is expected to become a volatile month for the British currency. Markets remain occupied with the Brexit referendum due on June 23. If the United Kingdom votes to abandon the European Union (EU), sterling could lose its role...

US Dollar: forecast for May 30 - June 5 5/27/2016 Traders’ eyes all over the world are glued to the US Dollar these days: are we now entering a new phase of the greenback’s strength? Do we need to prepare ourselves for the new shocks on global markets? Last week we’ve seen a bunch of upbeat US...

Forex trading plan for May 27 5/27/2016 US dollar index declined for the second day, despite the fact that American durable goods orders showed larger gains than expected. Among the important things to pay attention to on Friday we should cite the release of the US preliminary GDP at 12:30 GMT...

USD/JPY: bulls holding the fort 5/27/2016 There’s a “Harami” at the local low, but its confirmation is weak, because the price movement hasn’t reached the middle of the last huge black candle. So, the current consolidation is likely going to move on. As we can see on the Daily chart, here’s a...