Ekaterina Fechina
Company Representative
- Messages
- 522
Issue №60 from 08/08/2015
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
The industrial production fell by 1.4% m/m while the growth was expected by 0.4%. In annual terms the industrial production is showing an increase by 0.6%. Exports fell as well as import. The exports reduction may be explained by the production prices decline. Due to the imports decline the trade balance rose up to 24 billion euros. The traders were cautious ahead of the US employment official report for July.
The United States released the non-farm payrolls, the data were in the red zone - 215K, while we waited 223K. Earlier, there was 231K.
Trading recommendations
The rate dynamics will show a negative development in the short term. The level of 1.0900 breakthrough will allow bears to decline towards 1.0800.
Pound
The Central Bank Governor Mark Carney was pessimistic about the inflation prospects (zero inflation may be continued for two months). After this information output the pound has fallen. Later, the US jobless claims have left the pound no chance of recovery - the weekly report showed 270K against the expected 273K jobless claims. The July UK GDP forecast from NIESR was 0.7% as it was in June.
Trading recommendations
The pair may show a negative development in the short term. If the pair reaches the level of 1.5400 and breaks it through, then it will open the way to the mark of 1.5325.
Yen
The Bank of Japan did not surprise us with the monetary policy easing at its Friday meeting at the end of the week. As expected, the Bank of Japan said it would continue to buy government bonds in each year up to 80 trillion yen. The consumer prices negative growth rates may affect the Japanese economy weakening, the goods high stocks as well as the China growth slowdown.
Meanwhile, the dollar has strengthened after the USA news releases on Friday while the non-farm payrolls figures came in below expectations: 215000 instead of 223000. The unemployment rate - 5.3% as expected has not been changed since last month.
Trading recommendations
The pair may show the positive dynamics development in the short term. If the pair reaches the level of 125.00 and breaks it through, it will open the way to the mark of 125.80.
Gold
The gold resumed its decline amid the dollar growth on the eve of the US labor market publication. The main Friday event was the July US employment data. The number of jobs outside the agricultural sector was forecasted an average 220 thousand - 225 thousand against 223 thousand in June. The data came out at the level of 215 thousand. Unemployment was expected to reach the level of 5.3%, the average hourly wage was forecasted with an increase by 0.2%. These data came out at the level of the forecasted medians. However the gold increased by the end of the trades.
Trading recommendations
We expect the precious metal negative dynamics development. If the pair reaches the level of 1090.00 and breaks it through that may open the way towards 1075.00.
Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!
Our other services, as well as Forex.ee trading conditions you can find at our official website.
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
The industrial production fell by 1.4% m/m while the growth was expected by 0.4%. In annual terms the industrial production is showing an increase by 0.6%. Exports fell as well as import. The exports reduction may be explained by the production prices decline. Due to the imports decline the trade balance rose up to 24 billion euros. The traders were cautious ahead of the US employment official report for July.
The United States released the non-farm payrolls, the data were in the red zone - 215K, while we waited 223K. Earlier, there was 231K.
Trading recommendations
The rate dynamics will show a negative development in the short term. The level of 1.0900 breakthrough will allow bears to decline towards 1.0800.
Pound
The Central Bank Governor Mark Carney was pessimistic about the inflation prospects (zero inflation may be continued for two months). After this information output the pound has fallen. Later, the US jobless claims have left the pound no chance of recovery - the weekly report showed 270K against the expected 273K jobless claims. The July UK GDP forecast from NIESR was 0.7% as it was in June.
Trading recommendations
The pair may show a negative development in the short term. If the pair reaches the level of 1.5400 and breaks it through, then it will open the way to the mark of 1.5325.
Yen
The Bank of Japan did not surprise us with the monetary policy easing at its Friday meeting at the end of the week. As expected, the Bank of Japan said it would continue to buy government bonds in each year up to 80 trillion yen. The consumer prices negative growth rates may affect the Japanese economy weakening, the goods high stocks as well as the China growth slowdown.
Meanwhile, the dollar has strengthened after the USA news releases on Friday while the non-farm payrolls figures came in below expectations: 215000 instead of 223000. The unemployment rate - 5.3% as expected has not been changed since last month.
Trading recommendations
The pair may show the positive dynamics development in the short term. If the pair reaches the level of 125.00 and breaks it through, it will open the way to the mark of 125.80.
Gold
The gold resumed its decline amid the dollar growth on the eve of the US labor market publication. The main Friday event was the July US employment data. The number of jobs outside the agricultural sector was forecasted an average 220 thousand - 225 thousand against 223 thousand in June. The data came out at the level of 215 thousand. Unemployment was expected to reach the level of 5.3%, the average hourly wage was forecasted with an increase by 0.2%. These data came out at the level of the forecasted medians. However the gold increased by the end of the trades.
Trading recommendations
We expect the precious metal negative dynamics development. If the pair reaches the level of 1090.00 and breaks it through that may open the way towards 1075.00.
Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!
Our other services, as well as Forex.ee trading conditions you can find at our official website.