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Weekly Chart Analysis

Weekly Forex Analysis 08/04 – 14/04/2019

Positive Employment Stats between January and March Employment statistics in March showed that the unemployment rate was at 3.8% which had been the same as in the previous month, and the number of non-agricultural sector employees was 19,600, which was far exceeding the forecast. Furthermore, February and January has been revised upwards and it is over 180,000 people in the average between January and March, which was quite a reasonable result. At least, the labor market has not slowed down at this point, and a strong labor market is expected to be maintained.  At the same time, we can see that the pessimism about the US economy has retreated for…

Weekly Chart Analysis

Forecast on 5/04/2019 – Negative Initial Jobless Claims (Mar 22)

NY Market USD/JPY has been bullish with small volatility. Due to positive US-China Summit and economic news, the rate raised up to 111.68. EUR/USD dropped down to 1.1271 but hard to think it goes below 1.12. Stock market raised positively. Dow raised +$166 and now above $26,300 due to positive US-China summit outlook. Credit is in a range. Long-term interest is negative with small volatility. Gold and Crude both bearish. Rates USD/JPY: 111.41 – 111.68 EUR/USD: 1.1206 – 1.1271 EUR/JPY: 124.97 – 125.31 DOW: +116.50 –> 26,384.63 USD GOLD: -1.00 –> 1,294.30 USD WTI: -0.009 –> 60.14 USD US 10y Treasury: +0.011 –> 2.515 % Remarkable Orders Open Positions (Unredeemed Positions…

Weekly Chart Analysis

Forecast on 1/04/2019 – USDJPY bulled up to a rate 111.00 as a result of positive China PMI

NY Market USD/JPY has been bullish up to 110.95 due to positive U.S economic news as well as positive stock and long term interest and marked the highest rate for the last week. EUR/USD has been negative down to 1.1212 but kept its rate at 1.12. Stock market raised positively. Due to positive US-China summit outlook and consumer’s mind, DOW closed the market at +$211. Credit is on negative. Long-term interest was positive but with small volatility and closed at a rate of 2.40%. Gold has been bullish, and Crude has recovered to a rate of $60 which was marked 4 months ago. Rates USD/JPY: 110.64 – 110.95 EUR/USD: 1.1212…

Weekly Chart Analysis

Forecast on 26/03/2019 – US long-term interest has further dropped down to 2.39%

NY Market USD/JPY now raised up to 110.16, however, it dropped down to 109.76 as a result of further negative US long-term interest. EUR/USD with small volatility at a rate of 1.13 with small volatility of 20 points. Stock market also is in a small volatility. Dow once dropped about $130 but closed with +$14. On the other hand, NASDAQ and S&P continues to be bearish. Credit is further positive and long-term interest dropped down below 2.4% and closed at a rate of 2.39%. Looks like the stock market has been heated up as world economy is expected to become negative. Gold has been bullish for the past 3 days…

Weekly Chart Analysis

Forecast on 15/03/2019 – Brexit Short Extension is in place

NY Market USD/JPY has now been raised above 111.50 and went up to 111.83. JPY has been sold as market assumes BOJ further eases the interest rate. EUR/USD with small volatility, moving 10 points above and below 1.13. GBP has been bearish after Brexit’s short extension was voted and sold down to 1.32. Stock market being small volatility. US-China trade summit resulted bearish while Apple stock was bought. DOW closed the market with +$7 while NASDAQ and S&P were both bearish. Credit is in a range state. Long Term interest being weak bullish and in a rate of 2.63%. Gold became bearish since 3/12 while Crude keeps to be bullish….

Weekly Chart Analysis

Forecast on 14/03/2019 – GBP has been bought as a result of EU Parliament’s pass

NY Market USD/JPY has been raised up to 111.48, however, again it couldn’t go over 111.50 and went down afterwards and sold down to 111.01, and closed the market between 111.20 – 25. GBP has been bought strong as no deal Brexit was passed by EU Parliament. The price exceeded well over last day’s highest and pushed up to 1.3832 which is the highest since June 2018. Stock market became bullish although Boeing stock continued to be sold. DOW raised $148 and S&P marked the highest rate in this recent 4 months. Gold continued to be bearish and marked over $1300. Crude also went up to mid $58 as its…

Weekly Chart Analysis

Forecast on 13/03/2019 – USD/GBP has dropped 200 points by Brexit’s major defeat in the UK Parliament

NY Market USD/JPY, just as yesterday, keeps its rate at around 111. Then once sold down to 111.12 due to weak long term interest, however, eventually brought up to 111.30-35 range. EUR/USD being high volatility. It was once bought by Brexit winning expectation, but it turned out to be defeated and dropped 200 points from 1.32. Stock market continued to go down as Boeing stock has been sold. DOW dropped down negative $96. However, NASDAQ went up 32 points as Apple was bought. Credit is bearish. Long term interest rate once dropped down below 2.6% which is a low level since January 4th this year. Gold bearish while Crude kept…

Weekly Chart Analysis

Forecast on 12/03/2019 – GBP was bought before Brexit vote

NY Market USD/JPY keeps its rate at around 111. It was sold down to 111.03 after US economic news but it’s brought back to 111.28 as a result of bearish Stock market. EUR/USD being at a rate of 1.12 with small volatility and raised gradually up to a rate mid 1.12. Stock market bounced back up. It was sold after Boeing stock was sold by Ethiopian Airline crush, however, it’s back up by strong IT stocks. DOW became bearish after 6 days and NASDAQ also raised 149 points. Credit being weak bearish. Long term interest rate raised above 2.63%. Gold turned out to be bearish and Crude being positive. Rates…

Weekly Chart Analysis

Forecast on 11/03/2019 – USDJPY dropped after unemployment rate was revealed

NY Market USD/JPY has been dropped down after unemployment rate was announced. Non farm payroll was resulted way below market’s expectation, below 20,000, USD/JPY has been sold down to 110.75. Weakness on stock market and long term interest also put weight on USD/JPY. EUR/USD continues to be with small volatility at around 1.12. Stock market continues to be bearish as Asian Stock Market has been bearish and negative unemployment announcement. DOW also sold $22, continues to be negative for 5 days now. Credit continues to be bullish and long term interest rate  down to 2.62%. Gold became bullish and Crude being negative. Rates USD/JPY: 110.75 – 111.20 EUR/USD: 1.1215 –…

Weekly Chart Analysis

Forecast on 08/03/2019 – Bearish EUR after ECB Conference

NY Market USD/JPY has been dropped down to 111.48 as a result of ECB’s risk aversion. Bearish long-term interest and Stock also caused JPY to be bearish. EUR/USD dropped significantly down to 1.1177 which is a rate marked on June 2017, caused by ECB’s growth forecast and interest being dovish. Stock market continues to be sold due to ECB revised economic forecast downwards. DOW being negative for 4 days and down $200. Credit became bullish as a result of risk aversion. US 10y Treasury down to 2.63%. Gold became bullish and Crude being negative. Rates USD/JPY: 111.48 – 111.86 EUR/USD: 1.1177 – 1.1288 EUR/JPY: 124.67 – 126.14 NY DOW: -200.23…