Browsing all articles tagged with Fed Chairman Bernanke
Nov
15

EUR/USD D1 Technical November 15

The outlook for the pair is bullish for today. It will face resistance at 1.2785 level, Price action on this level should be watch carefully. If EUR/USD manages to break this level it will gain more strength to go upward and target 1.2850-70 respectively.
High impact data’s of USD can effect the pair. Data’s like,  Core CPI m/m, Unemployment Claims, Philly Fed Manufacturing Index and Fed Chairman Bernanke Speaks.

Sep
13

EUR/USD:Fundamental Analysis Sept 13th

 

Markets rallied as the money is pushed into the stocks as the FEDs declared in the FOMC that they will buy mortgage backed securities. FEDs also planned to keep the interest rate exceptionally low throughout till 2015 to help bolster the economy. The Stimulus plan was objected to boost growth and reduce unemployment. Confidence in the markets rose and markets swung to highs as the money supply went in to the stocks the currency lost ground against the majors and EUR/USD traded to 1.2988 and is still currently trading near it too.

On the economic Calendar the US Job data was on the table as the USD Initial Jobless Claims (Sep 8) showed signs of deterotion as it came out at 382 k with the market expectation of 370 k and a previous of 367 k. however the Continuing Jobless Claims (Sep 1) improved to 3.283M from a previous of 3.332M.

The US Producer prices were also reported to improve in the month and the year as the Producer Price Index (MoM) (Aug) was reported at 1.7% from a previous of 0.3% and the Producer Price Index (YoY) (Aug) was reported at 2.0% from a previous of 0.5%.

The FEDs also announced to keep the interests rates to 0.25%.

Improving data from the jobs and the producers helped boost markets all across the board and green was the day today. The EUR/USD is expected to hit 1.300 and 1.3050 likely today n tomorrow.

 

Written by Maju

Sep
11

EUR/USD: Fundamental Outlook Sept 11th

The Euro drove through high crossing most of the hurdles in its way.  The federal Reserves are speculated to take actions on the economy and the US stocks rose erasing all yesterday’s losses. The EUR/USD pair opened 1.2758 and stopped at a 1.2866 after a powerful run up.

From the European desk the only important data released was from Germany. Whole sale prices in Germany improved not only on monthly basis but on yearly figures also improved. The GER Wholesale Price Index (MoM) (Aug) improved from 0.3% to 1.1% where as the speculations were of only 0.3%. Whereas the GER Wholesale Price Index (YoY) (Aug) improved to 3.1% from 2.0% with expectations of 2.2%.

On the other hand the US zone had a few important data releases today, the USD NFIB Business Optimism Index (Aug) was released at 92.9 from 91.2 where as expectation of market were 91.3. The USD Trade Balance (Jul) just dropped below at -42.0B from the previous of -41.9B where as the markets were expecting a figure of -44B.

The Currency pair is expected to move further up as the money supply moves into the stocks as stimulus talks rumors the markets.

 

Written by Maju

Aug
7

USD/CAD D1 Technical August 7

On daily chart USD/CAD is following a flag pattern in a bearish channel and has support at 0.9956, break of support will be strongly bearish, while on the upside 1.0043 is needed to be broke so that the cable will touch the upper limit of the bearish channel. Building Permits m/m, Ivey PMI, Fed Chairman Bernanke speaks later which will affect the rate of pair.

Aug
7

GBP/USD D1 Technical August 7

GBP/USD is trading at 1.5667 which is 38.2 % of Fibonacci retracement of the fall from 1.6303 to 1.5264, if the cable manages to close above the 38.2 % level, the next resistance intact will be 1.5770/82, closure above this level will send cable to test cluster resistance of 1.5902/8. Fed Chairman Bernanke speaks today which can affect the rate of pair.

Aug
7

USD/JPY D1 Technical August 7

USD/JPY dropped yesterday and finds support at 78.16, today on daily chart the cable has a minor resistance at 78.33 and a strong resistance at 78.56 accompanied by a strong support at 77.93. Fed Chairman Bernanke Speech and Current Account of Japan can seriously affect the rate of pair.

Aug
6

USD/JPY D1 Technical August 6

On daily chart USD/JPY forms a short term bottom is in place at 77.90 and intraday technical remains strongly on the upside for 79.13 resistance. A break there will bring further rally to retest 80.61 resistance, while on downside break of 77.90 will send the cable to 75.50 support zone. Later Fed Chairman Bernanke Speaks which will affect the rate of pair.

Aug
6

USD/CHF D1 Technical August 6

USD/CHF fall sharply as the market opens but retraces during the European Session, but we expects the cable will soon sell down and deeper fall could be seen targeting 0.9571 which is 38.2 % of Fibonacci retracement of the bullish rally from 0.8930 to 0.9971, after 0.9571 we expect that the cable should test 0.9420 level which is strong support level. Later Fed Chairman Bernanke Speaks which will affect the rate of pair.

Aug
6

GBP/USD D1 Technical August 6

On daily chart GBP/USD has a support and resistance at 1.5530 and 1.5656, break and closure above the resistance will send the cable to test the resistance zone of 1.5765/77, while on the downside break of 1.5450 is needed to invalidate the scenario. Macd and Stoch are not giving clear signal. Later Fed Chairman Bernanke Speaks which will affect the rate of pair.

Aug
6

EUR/USD D1 Technical August 6

EUR/USD broke the resistance of 1.2406 confirms that cable resumes its rebound toward 1.2806 resistance, but the cable sell down to 1.2340 level during the European Session but we expect that the cable will retrace back and we will remain bullish, the cable will face resistance at 1.2511 and support at 1.2329.Later Fed Chairman Bernanke Speaks which will affect the rate of pair.