Friday 29 December 2017

GBP/USD made a beeline for 1.3500 in the midst of thin exchanging?


  • DXY Steeds near 3-month pulses
  • Risk-on underpin
  • A cool session ahead

At the last trading session of this year, the interest of shopping around the GBP / USD pair remains in Asian trades, because the bulls are now heading towards major irreversible obstacles near the level of 1.3465.

GBP / USD to move forward?

As per the Presidency of Powell, greenback prices have generally been undermined against weak Treasury yields and uncertainty, with the possibility of increasing the Fed rate, leaving the US Index with trophies of 92.27 months to three months.


Apart from this, rising oil prices from the mid-2015 till the highest level of oil prices, as well as reaching the Asian equity business the top of the year, continue to take advantage of the risk-friendly market environment.

Further in the day, the possibility of a rapid increase in cable increases because the volume is slow and instability decreases, as well as investors, have focused on the New Year's celebration.

GBP / US technical level

According to Valeria Benedrich, FXStreet's chief analyst, "In the 4-hour chart, technical readings have supported another leg, which emerges as a technical indicator above the technical middle direction, with the speed increases, But RSI still has its last daily highs. In the chart mentioned above, 20 SMAs remain higher around 1.3390, but overall it is neutral because in its last two weeks range Its share. Support levels: 1.3410 1.3375 1.3340 Resistance levels: 1.3465 1.3500 1.3540. "


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Friday 22 December 2017

GBP / USD - Pound Stays Calm, American GDP Shows Strong Expansion


The British Pound has a quiet week and is showing a little movement in the Thursday session. In North American trade, GBP / USD is trading at 1.3367, down 0.06% on day. On the release front, British public sector Net Boring increased GBP 8.1 billion against GBP 8.3 billion estimates. In the US, the third quarter was sharper than the final GDP, because 3.2% profit was just shy at estimating 3.3%. Another American data was a mix, the Philly Fed Manufacturing Index reached 26.2 against the forecast of 21.5 points. The unemployment claim was disappointing, 245 thousand climbing would be busy on both sides of the pond on Friday, so it was much more than the 232 thousand estimate, so traders should be ready for some movement from GBP / USD. The UK issues current account and final GDP, while there are three important events in the US - core sustainable goods, new home sales and UOM consumer sentiment.

The negotiation between the European Union and the UK on the break is difficult since the beginning, but the talks are finally going on in business relations, because there has been substantial progress on other issues like Britain's Divorce Bill and the size of the Northern Ireland border. What will the trade relations between Britain and EU look like? 
It is not clear, but it is no secret that the two sides have very different views of the future trade agreement. For example, will financial services be linked to a new trade agreement? Boe's governor Mark Carney descended on a barbed issue on Wednesday, in testimony before a parliamentary committee, Carney discussed the issue with comments from the European Union's senior negotiator Michael Barnier. Barnerne said that UK financial services would not be included in the breakage deal because financial services were not included in any free trade agreements, Carni dispute over the argument of sister-in-law, stating that the British financial system was "effectively for Europe Banker "and there was no reason why some types of free trade in the UK and EU financial services Could not maintain. Obviously, both parts will look like a breaksite contract are different from the "end phase", and both the UK and the EU have to show some flexibility to compromise until March 2019, when the UK leaves the club.


Tax reforms for President Trump during the election campaign were a major topic. On Wednesday, the House of Representatives voted to pass the tax reform bill, marking Trump's first major legislative victory in office, paving the way for improvement lawmaking by Trump and fellow Republicans, only one year in office. After that, after the narrow passage in the Senate, the vote of 51-48. Trump is expected to sign a bill in law next week. Tax law marks the first major overhaul of US tax code in 30 years, and reduces corporate tax from 35% to 21%. After reversing Obamacare, Republicans finally earned a big win. Republicans promised to give significant relief to the middle class, But the elections show that the American public is suspicious. With Congress elections next November, tax reform promises to be an important issue, and can determine which party will control the party in 2018?


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Thursday 14 December 2017

USD / CHF: Some Low Pressure In Near Term – Commerzbank


As we move towards the quarterly monetary policy assessment of SNB, Kamrzbank analyst Karen Jones offers a technical approach to the USD / CHF pair and suggests some low pressure in the near term.

" USD/CHF has started coming back from 78.6% retracement in 99 99, it is under pressure close to the period, here's 1.0023 resistance line and 1.0039 is higher today. It is 1.0100 / 08 April and May High and 1.0145 78.6% retracement. For a long time it is considered to be the last defense for 1.0335 January 2017. International rallies are expected to keep below the level of 8998 and suggesting the slide below. December 7, December and beyond.

"The only failure in 9 .705, will be less, in mid-October, the target will be 9 553 June 30 low and potential .9421 September."
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Thursday 7 December 2017

USD / CAD Jumps To 4-Day High Levels


  • CAD under pressure due to BOC's cautious approach.
  • The weakness in oil prices can damage the CAD.


USD / CAD pair Finally at the 4-day high-level trading rate of 1.2813 with the courtesy of Bank of Canada (BOC) alert Outlook was seen.

The fact is that the BOC has decided to ignore all the latest data reforms. Cathy Linnean of BK Asset Management says, "Central Bank credits any increase for inflation factors in inflation and said that interest rate is being increased again at this rate, it wants to make the Bank of Canada clear it. It was that the new year, they have no immediate plans to tighten up. "

Apart from this, CAD is under pressure when the oil prices drop by 2-1 / 2 weeks. Today the focus is on the data docket of Canada. Says Lin, "Today's IVEY PMI report will be soft and USD / CAD will do more business."

USD / CAD technical level A break above 1.2837 (November 21st high) will open up to 1.2909 (November 30 high). 1.2956 (200 days MA) will be exposed to one violation. On the lower side, the violation of support on 1.2769 (10-day MA) could provide pullback to 1.2680 (50 day MA) and 1.2624 (November 5).



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On Thursday Singapore Shares Open Flat



Stratus Times Index slipped 0.26 points to 3,396.95 at 9.02 pm Singapore shares opened flat on Thursday.

Approximately 49.8 million shares are in the hands of a total change of $ 97.6 million, which work for an average unit price of S $ 1.96 per share.

The most actively trading counter was Polaris, which was flat in S $ 0.005, while 6.1 million shares would have been changed. Other activists include SinaCap and Kampensdale

Garners are ranked 66th, 53th, or fourth in each category.


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