News By BullsEye Markets

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United States New Home Sales

The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

Next Release:- 24 Jul 2019 14:00 GMT

EIA United States Crude Oil Stocks Change
The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.

Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.

Next Release:- 24 Jul 2019 14:30 GMT

https://bullseyemarkets.com/EconomicCalendar

 

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United States Pending Home Sales m/m

Pending Home Sales m/m reflect the number of home sales contracts signed in the given month as compared to the previous one.

Since a contract completion takes an average of 6-8 weeks, Pending Home Sales is a leading indicator of the US housing market forecasting final sales for two months in advance.

The indicator growth can have a positive effect on dollar quotes.

Next Release:- 30 Jul 2019 14:00 GMT

The Conference Board United States Consumer Confidence Index

Consumer Confidence Index displays the level of consumer confidence in the stability of the country's economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending.
Next Release:- 30 Jul 2019 14:00 GMT
https://bullseyemarkets.com/EconomicCalendar

 

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World Agricultural Supply and Demand Estimates (WASDE) report

USDA WASDE (World Agricultural Supply and Demand Estimates) Report is a monthly supply and demand forecast for grain, oilseeds and cotton. Sugar, meat, poultry, eggs and milk are also taken into account when assessing US demand and supply.

12 Aug 2019 16:00 GMT

United States Federal Budget Balance

Federal Budget Balance reflects the financial activity of the federal government during the reporting month. It displays a balance between all the incomes and expenditures of the state budget. The report is based on the data obtained from government agencies and banks included into the Federal Reserve. A positive Federal Budget Balance can have a positive effect on USD.

12 Aug 2019 18:00 GMT

Visit:- https://bullseyemarkets.com/EconomicCalendar

 

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Upcoming Economic Events of This week’s Last Three Days

EIA United States Crude Oil Stocks Change

The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.

Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.

Next Release:- 20 Nov 2019 15:30 GMT

Singapore Gross Domestic Product (GDP) q/q
Singapore Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Singapore during a given quarter compared to the previous one. Indicator values are seasonally adjusted. The indicator growth can have a positive effect on the Singapore dollar quotes.

Next Release:- 21 Nov 2019 00:00 GMT

Bank of Canada (BoC) Governor Poloz Speech
Bank of Canada's (BoC) Governor Speech has the greatest impact on the national currency among all official speeches. As head of the BoC's Governing Council, the governor can provide clues regarding future monetary policy and BoC interest rate changes.

Next Release:- 21 Nov 2019 13:40 GMT

United States Existing Home Sales
Existing Home Sales shows the amount of the secondary housing sales for the given month. Only closed deals are considered in the report.

The report is used to evaluate the US real estate market.

The indicator growth can have a positive effect on US dollar quotes.

Next Release:- 21 Nov 2019 15:00 GMT

Germany Gross Domestic Product (GDP) q/q
Gross Domestic Product q/q reflects the monetary value of all goods and services produced in Germany during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country. GDP growth can have a positive effect on euro quotes.

Next Release:- 22 Nov 2019 07:00 GMT

European Central Bank (ECB) President Lagarde Speech
ECB President Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If the ECB President's speech suggests any conclusions on the monetary policy or a clear assessment of the economic and financial situation of the eurozone, the speech influences the EU currency.

If the speech suggests the tightening of the monetary policy, it is seen as positive for the euro.

Next Release:- 22 Nov 2019 08:30 GMT

Canada Retail Sales m/m
Canada Retail Sales m/m show changes in the value of goods sold in retail stores in the specified month compared to the previous month. The indicator is calculated based on statistics from several thousand retail stores, and the data is then extrapolated to the whole country.

The indicator evaluates the consumer activity and inflation. The indicator growth can have a positive effect on CAD quotes.

Next Release:- 22 Nov 2019 13:30 GMT

Canada Core Retail Sales m/m
Canada Core Retail Sales m/m reflect the change in retail sales in the reported month compared to the previous one. The indicator is calculated based on statistics from retail stores of different types and sizes. The index calculation does not include sales of autos and spare parts.

Retails Sales are an indicator of consumer activity in Canada, and an important component of national GDP. The indicator growth can have a positive effect on CAD quotes.

Next Release:- 22 Nov 2019 13:30 GMT

https://bullseyemarkets.com/EconomicCalendar

 

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Read the Technical summary of the day for EUR/USD and GBP/USD currency pairs

• EUR/USD Previous closed at 1.1042.

“President Donald Trump touted the robust US economy in his State of the Union Speech. Fresh figures will test this strength. The ADP private-sector jobs report is forecast to show an increase of 156,000 positions in January, below the substantial of 202,000 reported in December. The figure serves as a hint toward Friday's official Non-Farm Payrolls.”

If we gauge the news according to the analysis, for pair is expected to be found first support at 1.1035 and forwards to the next support level of 1.1027. The pair is expected to find resistance at 1.1059 and rise forward to the next the level resistance level of 1.1067.

GBP/USD

GBP/USD Previous Closed at 1.3029

• “GBP/USD has benefited from the third consecutive beat, this time in the final Services PMI, which hit 53.9 points – the highest since 2018.”
• “Traders are seeing a lower chance that the Bank of England – which left rates unchanged last week – slashes borrowing costs later this year.”
• “The combination of a business-friendly government and a dose of certainty about Brexit – which finally happened, are winning over fears about future EU-UK relations.”

If we gauge the news according to the analysis, for pair, is expected to be found first support at 1.2966 and forwards to the next support level of 1.2966, The pair is expected to find resistance at 1.2966 and rise forward to the next level resistance level of 1.3071.

Today's Major Economic Events:

• NZD Employment Change q/q
• AUD RBA Governor Lowe Speech
• EUR Retail Sales m/m
• EUR ECB President Lagarde Speech

More information about the release time of news and its impact visit Economic Calendar Page!

 

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Technical Overview of EUR/USD and GBP/USD

EUR/USD

The EUR/USD currently traded at the level 1.1880 according to the press time that will be representing the gain on the day.

The pair neglected to build up protected traction over the 1.19 blemish on Thursday, having neglected to close over that level on July 31.

In that capacity, 1.19 is the key obstruction. A continued move past that barrier is expected to re-establish the bullish movement and make the ways for 1.2042 (July 2012 low).

The pair will release above at the level 1.19 could make a few purchasers leave the market and yield a remarkable pullback. Observe that the relative quality record on every day and 4-hour graphs are showing overbought conditions with an over 50 print. Therefore, rectification can't be prevented.

The higher low of 1.1696 made on Aug. 3 is the level to beat for the bears.

GBP/USD

The GBP/USD pair will take the bid near the level 1.1315 up to 0.21% on the day during Thursday according to the Asian Session. The Cable pair will be recently bounced off 1.3108 to a two-day winning streak.

With the MACD bulls, the pair is bound to succeed a descending slanting pattern line from July 31, at 1.3160 now, which thus could rapidly move the pair towards March high close to 1.3200. In any case, July month's high of 1.3170 may go about as an approval point for the further rise.

The pair will be expected to go the level 1.3100 goes about as a close-by rest for the vendors during the new drawback in front of a rising helpline close to 1.3025.

It merits referencing that the pair's decreases below at the level 1.3025 won't give free passage to dealers as 200-HMA close to 1.3010 and the 1.3000 limits will be the a difficult one to break for the bears.

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EUR/USD Losing Upside Momentum Trend up Slowly

The resistance will come at the level 1.1765 that following the down-trending with the resistance level at 1.1796. It will go edging the higher against the US Dollar on Early Tuesday after testing its lower level on since August session. According to the Monday Session was all about the U.S Dollar as the Investor that will focus on the United States and US-China tensions that will go ahead on the key trade that talks this week increased the greenbacks on the safe-haven currency.

The fundamental pattern is up as indicated by the day by day swing Chart. Travel through 1.1916 will flag a resumption of the upswing. The primary pattern is alright for the time being, it will change to down on and traded through the closest fundamental base at 1.1185.

The minor pattern is additionally up. The pair will be traded at the level through 1.1696 will change the minor pattern down. This will likewise move force to the drawback.

The minor range is 1.1696 to 1.1916. Its half level at 1.1806 is possible obstruction.

The momentary range is 1.1371 to 1.1916. Its retracement zone at 1.1644 to 1.1579 is the principal drawback target zone. Since the fundamental pattern is up, buyers are probably going to come in on a trial of this region.

The primary range is 1.1185 to 1.1916. Its retracement zone support level is 1.1550 to 1.1464. The mix of the present moment and primary reaches makes a help group at the level 1.1579 to 1.1550.

GBP/USD 10 Immediate Go Downside above 1.3000 and Restricts 10-day EMA

GBP/USD battles to cart the earlier day's skip away 10-day EMA. The Cable takes rounds to 1.3070 in the midst of the pre-Tokyo open Asian meeting on Tuesday.

While overbought RSI conditions could be spotted for the pair's failure to rise, 10-day EMA and a rising pattern line from April 14, individually close to 1.3035 and 1.3000, offer solid drawback backing to challenge the dealers.

It should be that as it may be noticed that the buyers are probably going to stay careful except if effectively breaking 1.3200 headings including March month high. However, transient recuperations to 1.3115 and 1.3185 can't be precluded.

On the other hand, the pair' decreases below 1.3000 will empower the bears to focus on June month's high close to the level at 1.2815 with 1.2900 going about as middle of the road stop during the south-run.

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GBP/USD Touches the Support Line towards 1.3100 and Bounces Off

The GBP/USD traded at the intraday high and rising at the level 1.3077 on 0.11% during the Early Tuesday Trading.

The cable pair dropped to the one-week low level on Monday to the descending trend line to triggered pullbacks that supporting the recovery of the RSI conditions

Therefore, a decreasing pattern line from Friday, at 1.3106 currently, is choosing up the market consideration in front of a 100-hour EMA level close to 1.3125.

If the trader expected that the pair will be traded up at the level 1.3125, the earlier day's top close to 1.3150 will be the key as it holds the door for the pair's run-up towards Friday's top around 1.3255 and the month to month top containing 1.3270.

It deserves referencing that March month's high near 1.3200 can go about as a reasonable end somewhere in the range of the level at 1.3150 and 1.3255.

Despite what might be expected, a drawback break below the level 1.3050 will attack the level reached at the level of 1.3000 peaks. However, the month to a month low of 1.2981 can challenge the traders a while later.

EUR/USD Gravestone Doji Seems Bearish Outlook Reinforces On Monday

The EUR/USD pair seemed on the bid and traded high at the level 1.1850 before closing the day on the flat at the level 1.1787.

The pair framed a "Gravestone Doji" candle, increasing the bearish standpoint introduced by Friday's huge red amazing light and the negative uniqueness of the 14-day relative quality file confirmed a week ago.

The 5-and 10-day straightforward moving midpoints (SMAs) have delivered a bearish hybrid and the day by day graph MACD histogram is printing further bars beneath the zero lines an indication of strengthening the bearish force.

In that capacity, the pair dangers tumbling to the day by day graph sideways channel support, as of now at 1.1732. At press time, the pair is sidelined close at the level 1.1792. A nearby bove 1.0850 would negate the Gravestone Doji candle.

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Technical Analysis of EUR/GBP USD

EUR/USD Charts Shows Winning Trend In Four- month

The EUR/USD pair was ended at the level by 4.8% 1.19% and 1.36% this June, July, and May respectively. It will seem the four-month winning trend at the longest level.

The daily chart relative quality file is presently separating higher from the trend line interfacing July 30 and Aug. 18 highs. Thusly, the pair may before long discover support above 1.1966 – the Aug. 18 that topped upside on Monday and challenge the mental obstacle at the level 1.20.

The quick preference would turn bearish if the pair falls under Monday's low of 1.1884, which indicates a higher low example on the hourly chart.

GBP/USD Keep Going to Seller above at Level 1.3350

The Cable Pair was traded at Intraday high at level 1.3358 and it will go down at the level 0.08% during the Tuesday Session. The failure of this pair will stay strong at the near levels of the multi-month high at the bearish candlestick on the daily chart. It will be increasing the further downside to the overbought conditions of the RSI.

All things being equal, the traders are waiting for some time for an unmistakable drawback under a rising pattern line from July 31, right now around the level 1.3345, for new passages.

In doing as such, the August 19 top close to the level 1.3265 and 21-day EMA level of 1.3142 will be on their radars.

On the other hand, the pair needs to cross 1.3400 round-figures to oppose the earlier day's candle development and challenge December 2019 summit including at level 1.3515.

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Technical Analysis of AUD USD/GBP USD

AUD/USD Pair Waiting For Bulls Pounce on Daily Structure Offering 1:5 R/R

The AUD/USD seems both the bulls and the bears in the top-down analysis that compelling the price action that appeared on the daily chart for the long bias exists.

The Bulls price for the pair will monitor the action from the 4 hour time period to look at the bullish environment that will see the higher probabilities to the swing trading.

Coming up next is a market structure investigation directed on the month to month, week after week, day by day, and 4-hour time periods with an outline of what a long passage may follow for a 1:5 risk to recompense arrangement.

The month to month chart really offers a bearish viewpoint as the value battles in the distribution zone following a very long time of the constant bullish month to month closes.

A continuation of the conveyance offers the potential for a short swing trade IF the everyday arrangement doesn't develop on the 4HR time span.

GBP/USD Pair Bears the Attack Two Week Near at Level 1.3150

GBP/USD drops to 1.3150, intraday low of 1.3140, during early Tuesday. In doing as such, the Cable keeps Monday's shortcoming recent day SMA in the midst of ordinary RSI conditions. It should be noticed that the pair expressed an everyday low of 1.3140 the earlier day.

Therefore, the bears are probably going to focus on a momentary rising helpline close to the level 1.3120 however the late-August lows close to 1.3060 may limit the statements' further shortcoming.

For a situation where the traders keep the reins after 1.3060, the 1.3000 edges and July 30 low close to 1.2945 will be the way to follow.

Then again, an upside break of 21-day SMA, presently around 1.3190 should cross the August 19 high of 1.3267 to review the purchasers. Nonetheless, 1.3200 may offer a center of the road stop during the rise.

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Technical Analysis of EUR/GBP USD

EUR/USD Price Shows Breakdown In Head And Shoulder Pattern

The EUR/USD pair is traded near the Head and Shoulder pattern to the support at the level 1.1770 at the press time.

It will seem close at the support line to the H&S Breakdown to the bullish to bearish trend to change and open the doors at the level 1.1530.

The Pair is rising at the trendline lows. The Bullish to the downside break the back to below at the level to bearish reading on the 14- day relative strength index.

The Head and Shoulder pattern of the EUR/USD shows the breakdown to the bias to go bullish if the pair rises above the level 1.1918 high.

GBP/USD Pair Prices Shows Bears and Ignore the Pullback Beyond at 1.2800

The GBP/USD shows bounces off the intraday low at the level 1.2803 to 1.12817 during the Asian session to the previous losses.

In any case, bearish MACD pushes the buyers to take passages just on the break of a sliding pattern line from September 01, as of now around the level at 1.2930.

It should be likewise be noticed that a position of 38.2% Fibonacci retracement of June-September upside and 50-day SMA around 1.3010/15 will challenge the bulls following.

Moreover, an even zone including the July 21 top and the month to month low, somewhere in the range of 1.2762 and 1.2767, offers important help to the pair.

Additionally going about as drawback barriers are the 61.8% Fibonacci retracement level and July 09 high, separately near the level 1.2720 and 1.2670.

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Technical Analysis of Stock Market

Stock Market Rounds Up Again In Week 39

If we talk about the previous week’s report the S&P 500 futures seems below the support level at the 3300 and it will seem immediate support to the level between 3200-3230. The results satisfied the expectations as the week started in week 38 market to round up again in which the bearish covered the S&P to overcome the level 3425.

Sliding wedge design in the S&P 500 day by day outline. The descending push was abbreviated proposed shading of the downforce.

Expanding exertion to the drawback in the US meeting on 23 Sep 2020 and during the non-customary trading hours meeting on 24-25 Sep 2020 didn't create a significant descending outcome recommended flexibly retention.

Reliable interest came in on 24 and 25 Sep 2020 created quality assembly up, broke out the slipping wedge, and the primary gracefully zone at level 3270. This is where the push to the upside is in a state of harmony with the outcomes (a meeting up)

A week ago's value activity of the S&P 500 tried the help region at the level 3200–3230, where it is a reliable spot to see a bob up.

US securities exchanges demonstrated new energy, destroying discharging losses, and inevitably winning up to 2.2% (Nasdaq). Asian business sectors are less interested early today, yet by and by gain by almost 1%. Chinese modern benefits expanded for the fourth month in a row, yet stay down YTD (- 4.4%). Financial trades shrug of the alarming international scene with rising COVID-19 counts inclining the equalization toward stricter lockdown measures. The Times of London for instance reports that the UK is examining a constrained social lockdown across a lot of northern Britain and conceivably London.

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Technical Analysis of S&P 500

S&P 500 Futures Regained at Level 3,400 Mixed Clues For Trump's Health

The S&P 500 seems the future around at the level 3,390 that goes down 0.07% intraday during the Asian Session. The risk barometer is the part of the ways in which the upbeat performance is probed at the mid-September highs.

The US President Donald Trump's takeoff from the Walter Reed, trailed by almost any tweets from the Republican chief, at first kept the risk on disposition, an ongoing video from the American chief indicated that he is battling while at the same time relaxing. Likewise reinforcing questions over Trump's wellbeing was the ongoing confirmation from the White House that he will be under 24-hour supervision and anyone approaching the President should wear the PPE pack.

Somewhere else, chances of the delicate Brexit are on the climb while US House Speaker Nancy Pelosi and the Treasury Secretary Steve Mnuchin continue attempting to try and start the boost talks.

The S&P 500 Futures as well as danger forces from Asia-Pacific, as Nikkei 225 and Australia's ASX 200, additionally streak blended signals and test the market bulls.

Proceeding onward, RBA and Aussie spending will be critical to watch during Asia while Fed Chairman Jerome Powell's speech and updates concerning US President Trump will keep the driver's seat.

The White House suspended the US Food and Drug Administration's (FDA) more stringent rules that might have prevented the (COVID-19) antibody from turning out before the presidential political culture.

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Technical Analysis of S&P 500

US Stock Open At Higher and Continues to Bet on Stimulus Deal

The S&P 500 Futures that are gaining the ground on in the premarket to trading as the trader that believe in the US lawmakers that reaches the ultimate consensus due to the coronavirus package.

S&P 500 futures are making strides in premarket trading as traders that stay satisfied that U.S. legislators will eventually make an arrangement on the new Covid help bundle. U.S. President Donald Trump has as of late raised his boost offer to $1.8 trillion however Democrats kept on demanding the execution of their $2.2 trillion upgrade bundle.

There are no significant financial reports booked to be delivered today in the U.S. so brokers should wait for Inflation Rate and Core Inflation Rate reports which are expected to be distributed on Tuesday.

Examiners expect that the Inflation Rate will develop by 1.4% year-over-year while the Core Inflation Rate will develop by 1.8%. Center Inflation Rate lined in May at 1.2% and began to increment in July on account of the extraordinary money related and monetary improvement.

Traders expect that the Fed will save rates at the base for quite a while and let expansion run above 2% for quite a while. Be that as it may, a quicker than-anticipated expansion may put the current presumptions under inquiry so the market will be intently watching swelling reports.

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Technical Analysis on Gold & Silver

Gold Price Vulnerable Remains For COVID-19 Vaccine Hopes

The XAU/USD pair continues to the bearish hopes for the consolidation that following the 5% slump. The Technical Confluences Indicators of the pair indicate the recovery of the attempts that seem below the resistance level at $1875 for the convergence of the previous week low and the Fibonacci 61.8% one-day.

The Stack for the minor support level is awaiting around at the level by $1867 levels SMA 10 one hour to the Fibonacci 38.2% to the SMA5 four Hour.

The break will below the level by the previous month with a low level of $1860. The Fierce $1850 support see at the pivot point for the one month S1 to the beat the level by the XAU bears.

Silver Price Trying to Retake the Control Above the level $24.00

The Silver price takes the U-turn from the Intraday low that rising the $24.25 to this Thursday. In the metal buyers that falling the trend line to the Tuesday and the 50% Fibonacci Retracement to the level upside.

The Normal RSI Conditions favoring the continuation of the corrective recovery to the bullion to overcome the $24.30 immediate resistance near the $24.40 to challenge the bull’s level. Meanwhile, 61.8% Fibonacci retracement level near $23.90 offers nearby support to watch should the commodity refreshes intraday low of $24.09.

In the Past silver seller, the price dominates the level at -$23.90 to the ascending trendline to the previous Wednesday at the level by $23.80 to the spotlight.

 

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Technical Analysis on EUR USD or AUD USD

EUR/USD Pair Makes the Moves to High On Monday's

Acknowledgment over that level would discredit the uncertainty signal by long wicks joined to Monday's light and suggest a continuation of the recovery rally from the Nov. 11 low of 1.1745 toward the Nov. 9 high of the level by 1.1920.

On the other hand, a move below Monday's low of level 1.1814 would suggest a finish of the ricochet from the Nov. 11 low and move risk for a re-trial of 1.1745. A violation there would uncover the Nov. 4 low of 1.1602.

The quick movement would stay nonpartisan as long as the pair is stuck inside Monday's trading of 1.1814-1.1869.

AUD/USD Analysis Goes Up For the Bumpy Road Above at the Level 0.7300

AUD/USD keeps mellow increases above at the level by 0.7300, presently around 0.7322, during early Tuesday.

Among them, the month to a month high of the level 0.7340, set apart on November 09, could turn into the first to frustrate the transient buyers in front of guiding them to in excess of a three-week-old opposition line, close to 0.7370 at this point.

For a situation where the AUD/USD bulls overlook RSI conditions, additionally beat the key protections expressed over, the 0.7400 round-figures and the yearly top encompassing 0.7440 will be at the center of attention.

Then again, a drawback break of 0.7270/75 help conversion, including the expressed SMA and a fortnight-long rising pattern line, should slip below a momentary level zone around 0.7240/45 to review the bears.

In general, the continuous potential gain force is probably going to proceed, however with a couple of remedial pullbacks.