PaxForex: Daily Recommendations on Major

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PaxForex

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Dec 21, 2018
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Analysis of GOOGLE 29.07.2019

https://paxforex.com/forex-analysis/GOOGLE-29-07-2019


The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1268.00
• Take Profit Level: 1288.00 (2000 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1240.00
• Take Profit Level: 1235.00 (500 pips)



USDJPY
A possible long position at the breakout of the level 108.80

GOLD
A possible long position at the breakout of the level 1425.00

USDCHF
A possible short position in the breakdown of the level 0.9910

EURUSD
A possible short position in the breakdown of the level 1.1110
 
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PaxForex

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Dec 21, 2018
39
6
Points
72
Analysis of EURGBP 30.07.2019


The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9190
• Take Profit Level: 0.9280 (90 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.9110
• Take Profit Level: 0.9060 (50 pips)



USDJPY
A possible long position at the breakout of the level 108.75

EURUSD
A possible short position in the breakdown of the level 1.1130

USDCHF
A possible long position at the breakout of the level 0.9930

GBPUSD
A possible short position in the breakdown of the level 1.2120

 
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PaxForex

Member
Dec 21, 2018
39
6
Points
72
AUDUSD Fundamental Analysis – July 30th 2019


The Australian Dollar stabilized after consumer confidence rebounded, but bullish momentum remained muted after building approvals slumped steeper than anticipated. Forex traders are also in a holding pattern amid the next round of trade talks between the US and China. With an interest rate cut by the US Fed looming, the AUDUSD is hovering at strong support levels. Can bulls ignite a short-covering rally or will bears push price action further to the downside? Subscribe to the PaxForex Daily Fundamental Analysis where you will grow you balance trade-by-trade!
Here are the key factors to keep in mind today for Australian Dollar trades:
  • Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of July 28th was reported at 118.5. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of July 21st which was reported at 116.3.
  • Australian Building Approvals: Australian Building Approvals for June decreased by 1.2% monthly and by 25.6% annualized. Economists predicted an increase of 0.2% monthly and a decrease of 24.3% annualized. Forex traders can compare this to Australian Building Approvals for May which increased by 0.3% monthly and which decreased by 19.2% annualized.
US personal income and spending data will be front and center today for US Dollar trades. Economists expect a slowdown as compared to last month, but are forex traders prepared for a potential downside surprise? Today is the start of the two-day FOMC meeting and expectations call for a 25 basis point interest rate cut announcement tomorrow. The European Central Bank and the Bank of Japan decided to wait out the US Fed and left their interest rates unchanged. Is now the right time to buy the AUDUSD? Today’s fundamental analysis will take a look at price action in both directions.
Here are the key factors to keep in mind today for US Dollar trades:
  • US Personal Income and Personal Spending: US Personal Income for June is predicted to increase by 0.3% monthly and Personal Spending is predicted to increase by 0.3% monthly. Forex traders can compare this to Personal Income for May which increased by 0.5% monthly and to Personal Spending which increased by 0.4% monthly. Real Personal Spending for June is predicted to increase by 0.2% monthly. Forex traders can compare this to Real Personal Spending for May which were increased by 0.2% monthly. The PCE Deflator for June is predicted to increase by 0.1% monthly and by 1.5% annualized. Forex traders can compare this to the PCE Deflator for May which increased by 0.2% monthly and by 1.5% annualized. The PCE Core Deflator for June is predicted to increase by 0.2% monthly and by 1.7% annualized. Forex traders can compare this to the PCE Core Deflator for May which was increased by 0.2% monthly and by 1.6% annualized.
  • US S&P/Case-Shiller Composite 20: The US S&P/Case-Shiller Composite 20 for May is predicted to increase by 0.20% monthly and by 2.40% annualized. Forex traders can compare this to the US S&P/Case-Shiller Composite 20 for April which was reported flat at 0.00% monthly and which increased by 2.54% annualized.
  • US Pending Home Sales: US Pending Home Sales for June are predicted to increase by 0.30% monthly and to decrease by 0.7% annualized. Forex traders can compare this to US Pending Home Sales for May which increased by 1.1% monthly and which decreased by 0.8% annualized.
  • US Consumer Confidence: US Consumer Confidence for July is predicted at 125.0. Forex traders can compare this to US Consumer Confidence for June which was reported at 121.5.
Should price action for the AUDUSD remain inside the or breakout above the 0.6860 to 0.6915 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.6890
  • Take Profit Zone: 0.7045 – 0.7080
  • Stop Loss Level: 0.6830
Should price action for the AUDUSD breakdown below 0.6860 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.6820
  • Take Profit Zone: 0.6600 – 0.6695
  • Stop Loss Level: 0.6890
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you get your MetaTrader4 login? Check your inbox and join our fast growing community of profitable forex traders!
 
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PaxForex

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Dec 21, 2018
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EURJPY Fundamental Analysis – July 30th 2019


All eyes will be on Eurozone confidence data which will be released during the morning trading session. French second-quarter GDP clocked in weaker than expected and German GfK Consumer Confidence slid further. Economists anticipate that confidence data out o the Eurozone will decrease and forex traders will look out for the Eurozone Business Climate Indicator which is approaching 0. How will this impact the EURJPY? Today’s fundamental analysis will take a look if the most recent up-tick can extend to the upside or if a renewed push to the downside is on the horizon.
Here are the key factors to keep in mind today for Euro trades:
  • French GDP: The Preliminary French GDP for the second-quarter increased by 0.2% quarterly and by 1.2% annualized. Economists predicted an increase of 0.3% quarterly and of 1.3% annualized. Forex traders can compare this to the first-quarter GDP which increased by 0.3% quarterly and by 1.2% annualized.
  • German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for August was reported at 9.7. Economists predicted a figure of 9.7. Forex traders can compare this to the German GfK Consumer Confidence Survey for July which was reported at 9.8.
  • French Consumer Spending: French Consumer Spending for June is predicted to increase by 0.2% monthly. Forex traders can compare this to French Consumer Spending for May which increased by 0.4% monthly.
  • Eurozone Confidence Data: Eurozone Economic Confidence for July is predicted at 102.7. Forex traders can compare this to Eurozone Economic Confidence for May which was reported at 103.3. Eurozone Industrial Confidence for July is predicted at -6.7. Forex traders can compare this to Eurozone Industrial Confidence for May which was reported at -5.6. Eurozone Services Confidence for July is predicted at 10.7. Forex traders can compare this to Eurozone Services Confidence for May which was reported at 11.0. Final Eurozone Consumer Confidence for July is predicted at -6.6. Forex traders can compare this to the previous Eurozone Consumer Confidence for July which was reported at -6.6. The Eurozone Business Climate Indicator for July is predicted at 0.10. Forex traders can compare this to Eurozone Business Climate Indicator for May which was reported at 0.17.
  • Preliminary German CPI: The Preliminary German CPI for July is predicted to increase by 0.3% monthly and by 1.5% annualized. Forex traders can compare this to the German CPI for June which increased by 0.3% monthly and by 1.6% annualized. The EU Harmonized German CPI for July is predicted to increase by 0.5% monthly and by 1.3% annualized. Forex traders can compare this to the EU Harmonized German CPI for June which increased by 0.3% monthly and by 1.5% annualized.
The Bank of Japan decided to keep interest rates unchanged, but did not rule out future easing. This was the second major central bank, after the ECB, which decided to await more economic data before adding more economic stimulus. The Japanese Yen weakened during the Asian trading session, and adding to downside pressures was a larger than expected drop in industrial production. The EURJPY advanced off of strong support levels, can this trend extend to the upside? Follow the PaxForex Daily Fundamental Analysis today and take the profitable side of this currency pair!
Here are the key factors to keep in mind today for Japanese Yen trades:
  • Japanese Jobless Rate and Job-to-Applicant Ratio: The Japanese Jobless Rate for June was reported at 2.3% and the Job-to-Applicant Ratio at 1.61. Economists predicted a figure of 2.4% and of 1.62. Forex traders can compare this to the Japanese Jobless Rate for May which was reported at 2.4% and to the Job-to-Applicant Ratio which was reported at 1.62.
  • Japanese Industrial Production: Preliminary Japanese Industrial Production for June decreased by 3.6% monthly and by 4.1% annualized. Economists predicted an decrease of 1.7% monthly and of 2.0% annualized. Forex traders can compare this to Japanese Industrial Production for May which increased by 2.0% monthly and which decreased by 2.1% annualized.
  • Bank of Japan Policy Rate and 10-Year Yield Target: The Bank of Japan Policy Rate was reported at -0.10% and the 10-Year Yield Target at 0.00%.Economists predicted a level of -0.10% and of 0.00%. Forex traders can compare this to the previously announced Bank of Japan Policy Rate which was reported at -0.10% and to the 10-Year Yield Target which was reported at 0.00%.
Should price action for the EURJPY remain inside the or breakout above the 120.700 to 121.350 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 121.000
  • Take Profit Zone: 122.850 – 123.300
  • Stop Loss Level: 120.200
Should price action for the EURJPY breakdown below 120.700 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 120.500
  • Take Profit Zone: 118.350 – 119.300
  • Stop Loss Level: 121.000
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you ensure that your forex investment is taken good care off for you at a trusted forex broker? Join our fast growing community of profitable forex traders now and find out why we are one of the primary MT4 forex brokers in the forex market!
 
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PaxForex

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Dec 21, 2018
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6
Points
72
EURUSD Fundamental Analysis – July 31st 2019


After the ECB decided to hold interest rates, forex traders will get a healthy dose of inflation as well as GDP data out of the Eurozone and individual member countries. Germany reported a surprise drop in annualized retail sales, but the Euro remained in a holding pattern near key levels. Most forex traders are likely to await the announcement of the US Fed interest rate decision. Can the EURUSD finish today’s trading session on a high note? Follow the PaxForex Daily Fundamental Analysis and earn more pips per trade!
Here are the key factors to keep in mind today for Euro trades:
  • German Retail Sales: German Retail Sales for June increased by 3.5% monthly and decreased by 1.6% annualized. Economists predicted an increase of 0.5% monthly and of 2.7% annualized. Forex traders can compare this to German Retail Sales for May which decreased by 1.7% monthly and which increased by 3.8% annualized.
  • French CPI: The French CPI for June decreased by 0.2% monthly and increased by 1.1% annualized. Economists predicted a decrease of 0.3% monthly and an increase of 1.2% annualized. Forex traders can compare this to the French CPI for May which increased by 0.2% monthly and by 1.2% annualized. The French Harmonized CPI for June decreased by 0.2% monthly and increased by 1.2% annualized. Economists predicted a decrease of 0.2% monthly and an increase of 1.2% annualized. Forex traders can compare this to the French Harmonized CPI for May which increased by 0.3% monthly and by 1.4% annualized.
  • Spanish GDP: The Preliminary Spanish GDP for the second-quarter increased by 0.5% quarterly and by 2.3% annualized. Economists predicted an increase of 0.6% and of 2.3%. Forex traders can compare this to the Spanish GDP for the first-quarter which increased by 0.7% quarterly and by 2.4% annualized.
  • German Unemployment Change and German Unemployment Rate: The German Unemployment Change for July is predicted at 2K and the German Unemployment Rate at 5.0%. Forex traders can compare this to the German Unemployment Change for June which was reported at -1K and to the German Unemployment Rate which was reported at 5.0%.
  • Eurozone Unemployment Rate: The Eurozone Unemployment Rate for June is predicted at 7.5%. Forex traders can compare this to the Eurozone Unemployment Rate for May which was reported at 7.5%.
  • Italian Unemployment Rate: The Italian Unemployment Rate for June is predicted at 10.0%. Forex traders can compare this to the Italian Unemployment Rate for May which was reported at 9.9%.
  • Spanish Current Account: The Spanish Current Account for May is predicted at -€0.70B. Forex traders can compare this to the Spanish Current Account for April which was reported at -€0.41B.
  • Italian CPI: The Preliminary Italian CPI for June is predicted to increase by 0.1% monthly and by 0.5% annualized. Forex traders can compare this to the Italian CPI for May which increased by 0.1% monthly and by 0.7% annualized. The Preliminary Italian Harmonized CPI for June is predicted to decrease by 0.7% monthly and to increase by 0.5% annualized. Forex traders can compare this to the Italian Harmonized CPI for May which increased by 0.1% monthly and by 0.8% annualized.
  • Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for July is predicted to increase by 1.1% annualized and the Eurozone Core CPI is predicted to increase by 1.0% annualized. Forex traders can compare this to the Eurozone CPI for June which increased by 1.2% annualized and to the Eurozone Core CPI which increased by 1.1% annualized.
  • Eurozone GDP: The advanced Eurozone GDP for the second-quarter is predicted to increase by 0.2% quarterly and by 1.0% annualized. Forex traders can compare this to the Eurozone GDP for the first-quarter which increased by 0.4% quarterly and by 1.2% annualized.
  • Italian GDP: The Preliminary Italian GDP for the second-quarter is predicted to decrease by 0.1% quarterly and by 0.2% annualized. Forex traders can compare this to the Italian GDP for the first-quarter which increased by 0.1% quarterly and which decreased by 0.1% annualized.
All eyes will be on the FOMC interest rate decision where a 25 basis point interest rate cut is expected. The US Dollar has traded at multi-week highs despite this threat as some traders believe the US Fed may follow the Bank of Japan and the ECB with their holding pattern. Will the Fed deliver the interest rate cut and if they do, what will be next? The US Dollar is at risk of a heavy sell-off if more cuts will be announced. How will this impact the most liquid currency pair, the EURUSD? Today’s fundamental analysis will take a look at the upside potential and the downside risk of this currency pair.
Here are the key factors to keep in mind today for US Dollar trades:
  • US ADP Employment Change: The US ADP Employment Change for July is predicted at 150K. Forex traders can compare this to the US ADP Employment Change for June which was reported at 102K.
  • US Employment Cost Index: The US Employment Cost Index for the second-quarter is predicted to increase by 0.7% quarterly. Forex traders can compare this to the US Employment Cost Index for the first-quarter which increased by 0.7% quarterly.
  • US Chicago PMI: The US Chicago PMI for July is predicted at 51.5. Forex traders can compare this to the US Chicago PMI for June which was reported at 49.7.
  • US FOMC Interest Rate Decision: The US FOMC Interest Rate Decision is predicted to show Upper Bound interest Rates at 2.25% and Lowe Bound Interest Rates at 2.00%. Forex traders can compare this to the previous US FOMC Interest Rate Decision which showed Upper Bound interest Rates at 2.50% and Lower Bound Interest Rates at 2.25% The Interest Rate on Excess Reserves is predicted at 2.10%. Forex Traders can compare this to the previous Interest Rate on Excess Reserves which was reported at 2.35%.
Should price action for the EURUSD remain inside the or breakout above the 1.1130 to 1.1180 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 1.1150
  • Take Profit Zone: 1.1350 – 1.1410
  • Stop Loss Level: 1.1100
Should price action for the EURUSD breakdown below 1.1130 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 1.1090
  • Take Profit Zone: 1.0955 – 1.1000
  • Stop Loss Level: 1.1130
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. How to trade forex is a question which many new traders try to answer for themselves, but at PaxForex you can move past this and send your time executing strategies delivered by our expert analysts!
 
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PaxForex

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Dec 21, 2018
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6
Points
72
Analysis of GBPUSD 1.08.2019


The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.2090
• Take Profit Level: 1.1990 (100 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.2250
• Take Profit Level: 1.2300 (50 pips)


GOLD
A possible short position in the breakdown of the level 1402.00

USDCHF
A possible long position at the breakout of the level 0.9975

EURUSD
A possible short position in the breakdown of the level 1.1030

USDJPY
A possible long position at the breakout of the level 109.30

 
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PaxForex

Member
Dec 21, 2018
39
6
Points
72
US Fed Cuts Rates, What’s Next?


As widely expected, the US Federal Reserve lowered its key interest rate by 25 basis points to a Lower Bound Rate of 2.00% and an Upper Bound Rate of 2.25%. The Interest Rate on Excess Reserves remained unchanged at 2.10%. Financial markets in the US saw a volatile move to the downside, closing off of their lows, as Fed Chief Powell struggled to signal a clear path ahead. He also struck a more hawkish tone than many anticipated in the wake of a global economic slowdown which resulted in disappointment across the board and criticism by US President Trump.
Powell stated that “We’re thinking of it as essentially in the nature of a mid-cycle adjustment to policy. It’s not the beginning of a long series of rate cuts. I didn’t say it’s just one.” Some argued that the US central bank gave into pressures by the Trump to lower interest rates and while the White House certainly wanted more, there was dissent at the Fed for this 25 basis points interest rate cut. Esther George, the Kansas City Fed President, and Eric Rosengren, the Boston Fed President voted against the cut which was the first time under Powell that two members voted against him.
During the press conference, Powell argued that the cut was a defensive one in order to shield the US economy from the global slowdown as well as low inflation and trade disputed. He tried to convince markets that this was more of an insurance policy to keep the US economy on the right track, that the US economy remains healthy with a favorable outlook. He then caused volatility to spike after he initially mentioned the mid-term adjustment and then opened the door for more interest rate cuts. The conflicting message was not well received by global financial markets.
The US Fed delivered its interest rate cut, what’s next? Last December Powell struck a hawkish tone only to walk it back later. Yesterday he was flip-flopping between two directions. Is now the right time to look at short opportunities in the US Dollar? Subscribe to the PaxForex Daily Fundamental Analysis today and allow our expert analysts to guide you through the forex market, yielding over 500 pips in profits per month.
The US Fed also ended its balance sheet reduction program, which pleased Trump who was overall disappointed. He tweeted “As usual, Powell let us down.” Cornerstone Macro Partner Roberto Perli added “We’re looking for another 25 basis points, probably later than September, but before the new year.” Aberdeen Standard Investments Senior Global Economist James McCann added “This was always a challenging balancing act for Powell.” Financial markets showed the US central bank once again that no matter what it does, it can’t win. The US Fed cuts rates, what’s next? US Dollar resilience could catch up with reality sooner rather than later and result in a bigger sell-off as economic prospects worsen, here are three forex trades to boost profit prospects for your portfolio.
Forex Profit Set-Up #1; Sell USDCAD - D1 Time-Frame
The Canadian Dollar started 2019 with a strong rally which was followed through by a short-term price action reversal. After the US Fed cut interest rates, the US Dollar has moved into an uncertain future. The USDCAD extended its move into its horizontal resistance level where bullish momentum is fading and the secondary descending resistance level is adding bearish pressures. This currency pair is now anticipated to reverse to the downside and complete a breakdown below its primary ascending support level until it can challenge the lower band of its horizontal support area. Forex traders are advised to sell any rallies in the USDCAD from current levels.


The CCI is trading in extreme overbought conditions where a negative divergence formed. This represents a strong bearish trading signal expected to lead the expected price action reversal. Open your PaxForex Trading Account today and find out why more and more forex traders prefer to grow their balance at PaxForex!
Forex Profit Set-Up #2; Buy NZDUSD - D1 Time-Frame
After the NZDUSD competed a breakdown below its horizontal resistance area, price action started to accelerate to the downside which took it below its secondary ascending support level. After reaching the upper band of its horizontal support area, enforced by its primary ascending support level, this currency pair started to recover. The rise in bullish momentum is now favored to recover to the upside and retrace its most recent sell-off. Buying any dips in the NZDUSD down to the lower band of its horizontal support area remains the favored trading approach.


The CCI is trading in extreme oversold territory, but remained well off of its previous low and started to recover. A push above -100 is expected to initiate the next wave of buy orders. Download your PaxForex MT4 Trading Platform now and join our fast growing community of profitable forex traders!
Forex Profit Set-Up #3; Sell USDSGD - D1 Time-Frame
The strong rally in the USDSGD started to fizzle out as bullish momentum is being depleted by its primary descending resistance level, just below its horizontal resistance area. The strong advance is vulnerable to a reversal and as US Dollar uncertainty mounts, price action is anticipated to accelerate to the downside until it can challenge its primary ascending support level. Forex traders are recommended to sell any rallies in the USDSGD into the upper band of its horizontal resistance area.


The CCI is trading in extreme overbought conditions and a drop below the 100 mark is likely to invite more sell orders into this currency pair. Follow the PaxForex Daily Forex Technical Analysis and simply cope the recommended trades of our expert analysts into your own trading account!
 
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PaxForex

Member
Dec 21, 2018
39
6
Points
72
AUDUSD Fundamental Analysis – August 5th 2019


The Australian Dollar started the new trading week with a rise in volatility as forex traders received two reports on the the Australian services sector which were mixed with an increase in the final Composite PMI reading for July. US President Trump is increasing his trade war with China, but the final Chinese July Manufacturing PMI was revised higher. With the US Dollar coming under pressure as Chinese data shows signs of bottoming out, will the AUDUSD reverse on the back of short-covering? Today’s fundamental analysis will take a look at the upside potential as well as downside risk.
Here are the key factors to keep in mind today for Australian Dollar trades:
  • Australian AiG Performance of Services Index: The Australian AiG Performance of Services Index for July was reported at 43.9. Forex traders can compare this to the Australian AiG Performance of Services Index for June which was reported at 52.2.
  • Australian CBA Services PMI and CBA Composite PMI: The Final Australian CBA Services PMI for July was reported at 52.1. Forex traders can compare this to the previous Australian CBA Services PMI for July which was reported at 51.9. The Final Australian CBA Composite PMI for July was reported at 52.3. Forex traders can compare this to the previous Australian CBA Composite PMI for for July which was reported at 51.8.
  • Australian TD Securities Inflation: Australian TD Securities Inflation for July increased by 0.3% monthly and by 1.8% annualized. Forex traders can compare this to Australian TD Securities Inflation for June which was reported flat at 0.0% monthly and which increased by 1.6% annualized.
  • Chinese Caixin Services PMI and Chinese Caixin Composite PMI: The Chinese Caixin Services PMI for July was reported at 51.6. Economists predicted a figure of 52.0. Forex traders can compare this to the Chinese Caixin Services PMI for June which was reported at 52.0. The Chinese Caixin Composite PMI for July was reported at 50.9. Forex traders can compare this to the Chinese Caixin Composite PMI for for June which was reported at 50.6.
Last Friday’s NFP report came in as expected, the US adds workers but not hours. US Fed Chair Powell has called the US economy strong with a positive outlook after cutting interest rates by 25 basis points. Last Thursday, the ISM Manufacturing PMI came in weaker than expected. Will today’s ISM Non-Manufacturing PMI follow suit and disappoint forex traders? How will this impact the AUDUSD? Follow the PaxForex Daily Fundamental Analysis and take the profitable side of this currency pair!
Here are the key factors to keep in mind today for US Dollar trades:
  • US Markit Services PMI and Markit Composite PMI: The US Final Markit Services PMI for July is predicted at 52.2 and the US Final Markit Composite PMI is predicted at 51.6. Forex traders can compare this to the previous US Markit Services PMI for July which was reported at 52.2 and to the previous US Markit Composite PMI which was reported at 51.6.
  • US ISM Non-Manufacturing PMI: US ISM Non-Manufacturing PMI for July is predicted at 55.5. Forex traders can compare this to the US ISM Non-Manufacturing PMI for June which was reported at 55.1. The ISM Non-Manufacturing Business Activity Index for July is predicted at 58.3. Forex traders can compare this to the ISM Non-Manufacturing Business Activity Index for June which was reported at 58.2.
Should price action for the AUDUSD remain inside the or breakout above the 0.6745 to 0.6800 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.6765
  • Take Profit Zone: 0.6995 – 0.7080
  • Stop Loss Level: 0.6700
Should price action for the AUDUSD breakdown below 0.6745 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.6700
  • Take Profit Zone: 0.6575 – 0.6625
  • Stop Loss Level: 0.6765
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Are you trading with one of the prime MetaTrader4 brokers? Find out how PaxForex helps each trader to earn more pips per trade and join our fast growing community of profitable forex traders!
 
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PaxForex

Member
Dec 21, 2018
39
6
Points
72
Chinese yuan hits perennial lows


The Chinese yuan fell by more than 1% to an 11-year low on Monday amid growing concerns about a sharp escalation of the US-Chinese trade war, which caused sales of other currencies in the region.

Growing concerns about global trade led investors to rush to safe-haven assets, while the Japanese yen rose to a seven-month high against the dollar.
Yuan unexpectedly broke the mark of 7 per dollar for the first time after the global financial crisis, a level that some market players consider to be the main support. Offshore yuan fell to a mark of 7.1137 per dollar.

The strongest decline in Chinese currency occurred only a few days after US President Donald Trump surprised the markets, saying that he intends to introduce additional tariffs on Chinese imports. Large investors are inclined to believe that this may be the most important point for the yuan this year.

The sharp drop occurred after Beijing vowed to resist Trump’s sharp decision to establish a 10% tariff for the remaining $ 300 billion in Chinese imports, which ended the monthly trade truce. The decline of the yuan has negatively affected many currencies in the region.

The Australian dollar, often used as an additional indicator of China's trade, fell by 0.35% to $ 0.6773, reaching a seven-month low of $ 0.6748.
The currencies of emerging market countries received an even deeper blow.

The Korean won fell by 1%, reaching a three-year low of 1,218.3 per dollar, while the new Taiwan dollar fell by more than 0.7% to a two-month low of 31.627. The Mexican peso fell by 1% to 19,507 against the USD, and the Indian rupee in the minus by 1.2% to 70.425.

The American dollar is negative against traditional safe-haven currencies. USD fell to a mark of 105, 80, the weakest indicator since January of this year. Gold reached a six-year high of $ 1,456.2 per ounce.

The yield on 10-year US Treasury bonds in Asia fell by 7.5 basis points to 1.780%, exceeding a drop of 23 basis points last week, the biggest weekly decline in seven years.

Fed futures are currently estimated at 0.75 basis points with some probability of decline.

Forex calendar >

Forex trading recommendations:

GBPUSD: Buy. Entry point – 1, 2112. Take profit – 1, 2145. Stop Loss – 1, 2056.

NZDUSD: Buy. Entry point– 0, 6522. Take Profit – 0, 6538. Stop Loss – 0, 6495.

USDCAD: Sell. Entry point – 1, 3231. Take Profit – 1, 3215. Stop Loss – 1, 3258.
 
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PaxForex

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Dec 21, 2018
39
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72
EURGBP Fundamental Analysis – August 5th 2019


Forex traders will get final PMI data out of the Eurozone for July and economists anticipate no change. Investor confidence on the other hand is predicted to slide further in August as the Eurozone economy continues to weaken. The ECB is now likely to step in which will pressure the Euro to the downside. With a no-deal Brexit on the horizon, how will the EURGBP perform over the next few weeks? Subscribe to the PaxForex Daily Fundamental Analysis and join our fast growing community of profitable forex traders!
Here are the key factors to keep in mind today for Euro trades:
  • Italian Services PMI and Composite PMI: The Italian Markit Services PMI for July is predicted at 50.6. Forex traders can compare this to the Italian Markit Services PMI for June which was reported at 50.5. The Italian Markit Composite PMI for July is predicted at 50.1. Forex traders can compare this to the Italian Markit Composite PMI for June which was reported at 50.1.
  • French Services PMI and Composite PMI: The Final French Markit Services PMI for July is predicted at 52.2 Forex traders can compare this to the previous French Markit Services PMI for for July which was reported at 52.2. The Final French Markit Composite PMI for July is predicted at 51.7. Forex traders can compare this to the previous French Markit Composite PMI for for July which was reported at 51.7.
  • German Services PMI and Composite PMI: The Final German Markit Services PMI for July is predicted at 55.4. Forex traders can compare this to the previous German Markit Services PMI for for July which was reported at 55.4. The Final German Markit/BME Composite PMI for July is predicted at 51.4. Forex traders can compare this to the previous German Markit/BME Composite PMI for for July which was reported at 51.4.
  • Eurozone Services PMI and Composite PMI: The Final Eurozone Markit Services PMI for July is predicted at 53.3. Forex traders can compare this to the previous Eurozone Markit Services PMI for for July which was reported at 53.3. The Final Eurozone Markit Composite PMI for July is predicted at 51.5. Forex traders can compare this to the previous Eurozone Markit Composite PMI for for July which was reported at 51.5.
  • Eurozone Sentix Investor Confidence: Eurozone Sentix Investor Confidence for August is predicted at -7.0. Forex traders can compare this to Eurozone Sentix Investor Confidence for July which was reported at -5.8.
Economists predict that the key UK services sector improved in July, despite a no deal Brexit more likely. UK services companies are working through the uncertain environment and adding more business. How will this impact the British Pound? With less than 100 days until Brexit, the British currency came under heavy selling pressure, is now the time to go long? This morning’s fundamental analysis will explore both direction in the EURGBP which has rallied into strong resistance.
Here is the key factor to keep in mind today for British Pound trades:
  • UK Markit/CIPS Services PMI and Markit/CIPS Composite PMI: The UK Markit/CIPS Services PMI for July is predicted at 50.4 and the UK Markit/CIPS Composite PMI is predicted at 49.8. Forex traders can compare this to the UK Markit/CIPS Services PMI for June which was reported at 50.2 and to the UK Markit/CIPS Composite PMI which was reported at 49.7.
Should price action for the EURGBP remain inside the or breakdown below the 0.9145 to 0.9200 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.9180
  • Take Profit Zone: 0.8830 – 0.8890
  • Stop Loss Level: 0.9235
Should price action for the EURGBP breakout above 0.9200 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.9245
  • Take Profit Zone: 0.9310 – 0.9370
  • Stop Loss Level: 0.9200
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Does your forex platform and your forex broker create the proper trading environment for your balance to grow? Find out why more forex traders join PaxForex every day and how this can improve your trading results!
 
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Dec 21, 2018
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How Currencies’ Prices Affect The Stock Market?
Join PaxForex broker Forex broker from traders to traders | Trade currency online simply | PaxForex



The currency market and stock market are playing a key role in international business all over the world. It is necessary to understand the relationship between both markets so that the investors may be able to invest in a better way by taking the minimum risk. One issue with using global equity markets to make forex trading decisions is figuring out which leads which. Many factors move the stock market, but the strength of a country’s currency can have a surprisingly large bearing. Rising currencies may serve to help share prices in one country and hinder them in another. It largely depends on where companies in a country make their money – home or abroad.
Foreign currency rates have a direct impact on the price and value of stocks in foreign countries, and changes inexchange rates will increase or decrease the cost of doing business in a country, which will affect the price of stocks of companies doing business abroad. While long-term movements in exchange rates are affected by fundamental market forces of supply and demand and purchase price parity, short-term movements are driven by news, events and futures trading and are difficult to predict. Domestic investors invest more in the domestic market when there is an increase in prices of assets which in turn increase the demand for local currency and also increase the behavior of selling foreign assets.
The increase in demand for local currency will force the interest rates to become higher which will ultimately attract the foreign investors to invest and gain maximum benefit. The exchange rate of the local currency will appreciate against foreign currency and will show a negative relationship. Traditional approach advocates that there is a positive relationship between the stock market and exchange market and the causality runs from exchange rate to the stock market. It suggests that a positive relationship between stock prices and exchange rates exists when local currency depreciates and local firms become more competitive which leads to an increase in their exports. This will result in an ultimate increase in stock prices.
When you own shares from other countries around the globe, the diversification benefits come mainly from your currency exposure. Investments made in the U.S. are denominated in dollars, but unless you are hedging out the currency risk, owning international stocks means you are also subject to fluctuations in local currencies when converting back into dollars. When the dollar is strong, U.S. stocks tend to outperform international equities. And when the dollar is weak, international stocks tend to outperform. This is all from the perspective of a U.S.-based investor, and the relationships would be reversed for a foreign investor in U.S. stocks.
As a currency trader, it is always good to look for correlations between other financial markets. These links can effectively indicate the price direction, which is useful when it comes to making trading decisions. As a trader, you need to remember that there is no such thing as a fixed correlation. Over time, economic circumstances can change which can alter existing correlations. Stock markets and currency markets tend to react in a fairly stable manner to something like interest rate adjustments at this moment in time. However, as economic events unfold nothing is stopping this change.
 
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Dec 21, 2018
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Analysis of EURAUD 7.08.2019


The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.6800
• Take Profit Level: 1.6900 (100 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.6600
• Take Profit Level: 1.6550 (50 pips)



USDJPY
A possible short position in the breakdown of the level 105.80

EURUSD
A possible long position at the breakout of the level 1.1220

USDCHF
A possible short position in the breakdown of the level 0.9730

GBPUSD
A possible short position in the breakdown of the level 1.2120
 
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PaxForex

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Dec 21, 2018
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72
Gold Fundamental Analysis – August 7th 2019


The price of Gold is marching higher as trade tensions are escalating between the US and China. Following the announcement of new tariffs by the US, China has pulled out of the US agricultural market in a precision strike against Trump’s economic aggression. Trade tensions are only expected to worsen from here with some analysts pointing out that President Trump needs to get the trade war going as it boosts his political capital with the base of the Republican voters. How much more upside does Gold possess? Subscribe to the PaxForex Daily Fundamental Analysis today where you can grow your balance trade-by-trade.
Economic data around the globe is pointing towards a steeper slowdown than many economists anticipated. The US-China trade war is not the only one brewing as Japan and South Korea are locked into an escalating trade war of their own. As the global economy is inching closer to a recession, is now the time to hedge your forex portfolio with Gold? Today’s fundamental analysis will explore how much more upside this precious metal has left and what the downside risks are.
Here are the key factors to keep in mind today for Gold trades:
  • New Zealand QV House Prices: New Zealand QV House Prices for July increased by 2.2% annualized. Forex traders can compare this to New Zealand QV House Prices for June which increased by 2.0% annualized.
  • Australian AiG Performance of Construction Index: The Australian AiG Performance of Construction Index for July was reported at 39.1. Forex traders can compare this to the Australian AiG Performance of Construction Index for June which was reported at 43.0.
  • Japanese Official Reserve Assets: Japanese Official Reserve Assets for July were reported at $1,316.5B. Forex traders can compare this to Japanese Official Reserve Assets for June which were reported at $1,322.3B.
  • Australian Home Loans and Investment Lending: Australian Home Loans for June increased by 0.4% monthly. Economists predicted an increase of 0.5% monthly. Forex traders can compare this to Australian Home Loans for May which decreased by 0.4% monthly. Australian Investment Lending for June increased by 0.5% monthly and the Owner-Occupier Loan Value increased by 2.4% monthly. Economists predicted an increase of 0.5% and a decrease of 1.0%. Forex traders can compare this to Australian Investment Lending for May which decreased by 1.9% monthly and to Owner-Occupier Loan Value which decreased by 3.0% monthly.
  • Reserve Bank of New Zealand Interest Rate Announcement: The Reserve Bank of New Zealand cut interest rates by 50 basis points to 1.00%. Economists predicted a 25 basis point interest rate cut to 1.25%. Forex traders can compare this to Reserve Bank of New Zealand previous interest rate announcement were rates remained unchanged at 1.50%.
  • German Industrial Production: German Industrial Production for June decreased by 1.5% monthly and by 5.2% annualized. Economists predicted a decrease of 0.5% monthly and of 3.1% annualized. Forex traders can compare this to German Industrial Production for May which increased by 0.3% monthly and which decreased by 3.7% annualized.
  • Swiss UBS Real Estate Bubble Index: The Swiss UBS Real Estate Bubble Index for the second-quarter was reported at 0.78. Forex traders can compare this to the Swiss UBS Real Estate Bubble Index for the first-quarter which was reported at 0.80.
  • French Trade Balance and French Current Account Balance: The French Trade Balance for June is predicted at -€4.00B. Forex traders can compare this to the French Trade Balance for May which was reported at -€3.30B. The French Current Account Balance for June is predicted at -€0.56B. Forex traders can compare this to the French Current Account Balance for May which was reported at €0.30B.
  • UK Halifax House Price Index: The UK Halifax House Price Index for July is predicted to increase by 0.3% monthly and by 4.4% tri-monthly annualized. Forex traders can compare this to the UK Halifax House Price Index for June which decreased by 0.3% monthly and which increased by 5.7% tri-monthly annualized.
  • Chinese FX Reserves: Chinese FX Reserves for July are predicted at $3.110T. Forex traders can compare this to Chinese FX Reserves for June which were reported at $3.119T.
  • Canadian Ivey PMI: The Canadian Ivey PMI for July is predicted at 53.0. Forex traders can compare this to the Canadian Ivey PMI for June which was reported at 52.4.
  • US Consumer Credit: US Consumer Credit for June is predicted at $16.500B. Forex traders can compare this to US Consumer Credit for May which was reported at $17.086B.
Should price action for Gold remain inside the or breakout above the 1,472.00 to 1,489.90 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 1,485.50
  • Take Profit Zone: 1,590.10 – 1,619.85
  • Stop Loss Level: 1,456.50
Should price action for Gold breakdown below 1,472.00 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 1,452.50
  • Take Profit Zone: 1,357.80 – 1,381.60
  • Stop Loss Level: 1,485.50
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Get your PaxForex MetaTrader4 login today and join our fast growing community of profitable forex traders!
 
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Dec 21, 2018
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72
Bitcoin - Forex Combo Strategy: Altcoin Season

Welcome back everyone to this week’s edition of my Bitcoin - Forex Combo Strategy and a warm welcome to all new readers! Bitcoin is leading the cryptocurrency market capitalization higher and increasing its dominance, but the rest of the pack also known as altcoins is lagging behind. This begs the question: “Where is the altcoin season?” There have been a few analysts which predicted the start of it and many cryptocurrency traders have started to diversify out of Bitcoin and into altcoins in order to capture the attractive upside potential. So far they have been largely disappointed as altcoins have clearly lagged Bitcoin.
As I have pointed out at the start of this year, 2019 will see a great decoupling of the cryptocurrency sector. This means that Bitcoin will no longer lift and sink all coins. There are some really great altcoins out there and then there are scores of projects available which have little to no potential. Before I dive deeper into this topic, anyone who is serious about earning a consistent flow of capital should give up on the idea to find the next Bitcoin. I doubt we will see any altcoin jump from a few pennies to 20K and above. This doesn’t mean that there is not money to be made in altcoins and ignoring this potential would be non-sense.
Let’s take a quick look at my own cryptocurrency portfolio and then I will discuss altcoins and the long awaited altcoin season with you guys. Since last week’s update “Bitcoin - Forex Combo Strategy: Ethereum Turns 4”, Bitcoin started to bounce off of its support level and briefly crossed above $12,000 before pulling back. I think we may see more downside before pushing towards a new 2019 high as the most recent spike in price action represented the third lower high, a bearish development. I happily hodl my 500 Bitcoin which carry an average entry price of $8,500, but I won’t be surprised if price action violates its current support level. I remain bullish on Ripple where I currently hodl 40,000,000 Ripple at an average entry price of $0.3388. Litecoin has its halving event, which as recent research indicates, has no long-term impact on price action. I am confident hodling 20,000 Litecoin which I bought at $77.00. The three charts below show my Bitcoin, Ripple and Litecoin holdings.



My bearishness on Ethereum has not changed, but speaking of Ethereum, I don’t consider Ethereum an altcoin and I believe that the cryptocurrency sector will soon agree with me that a few altcoins deserve the upgrade. Over the past month, Bitcoin was stuck mostly below $10,000 as it carved out support. The rally which followed allowed Bitcoin to increase its dominance on the cryptocurrency sector to just shy of 70%. For the time being, cryptocurrency traders appear disinterested in altcoins which is further pushing out the long awaited altcoin season.
Adding to this, trading volume of Bitcoin has soared to 72% over the past 24 hours. The Block’s Director of Research Larry Cermak pointed out that “Coinbase volume breakdown in the last 24 hours: BTC – 72.0%, LTC – 10.2% (outlier this week because of the halving), ETH – 8.8%, BCH – 2.5%, XRP – 2.5%, Chainlink – 1.4%. The rest combined (EOS, XLM, BAT, ETC, REP, ZRX, ZEC, Decentraland, Golem, district0x, Loom, Civic) – 4%.” While Bitcoin remains the clear favorite, I think that over the course of the summer we will start to see some rotation back into altcoins.
Bitcoin received a big boost from geopolitical events over the past few trading sessions. Due to its emerging status as Digital Gold, Bitcoin saw capital inflow from other asset classes as portfolio manager diversified out of traditional risk assets. Circle’s CEO Jeremy Allaire noted “You can very clearly see some macro correlation there. I think the broader theme of, you know, Bitcoin specifically, crypto more broadly participating in these global macro forces is becoming more and more clear. Rising nationalism, rising amounts of currency conflict, trade wars, these all obviously are supportive of a non-sovereign, highly secure digital store of value.”
What does this mean for altcoin season? As the entire global financial system is in risk-off mode, those who were anticipating an altcoin season need to wait a bit longer. While I do think that there are a dozens of great altcoins out there, I think that it may be 2020 until we will see a more significant push higher. That doesn’t mean that those who are interested in participating in the potential upside should simply ignore altcoin. Now is a great time to start accumulating before the crowd starts chasing them. Remember, when its comes to making money in financial markets you always want to be in the minority. When everyone is chasing Bitcoin higher and selling altcoins, you should be looking into buying altcoins while not necessarily selling Bitcoin as it is a great long-term asset to hold.
It is not all up, up, up for Bitcoin and neither is it down, down, down for altcoins. Cryptocurrencies are not as binary as many would like them to be. I mentioned at the end of last year that 2019 will be an exciting year for the entire cryptocurrency space. I can highly recommend that you catch-up with some of the recent posts, such as “Bitcoin - Forex Combo Strategy: The Ethereum Killer” or “Bitcoin - Forex Combo Strategy: Is Dash Threatening Bitcoin?”.
This brings me to updates to my forex portfolio. Last week I closed with four open positions, three of which were closed for a profit and one remains open. On August 6th 2019 I closed my 300 lots short position in the USDCHF at 0.9735 for a profit of $507,280. On the same day I closed my 300 lost EURJPY long position at 119.500 for a profit of $144,911. Last week’s update showed only a 100 lots EURJPY long position, but on August 5th 2019 I added 200 lots at 118.000 for a margin requirement of $44,870 with a pip value of $1,891.38. Earlier today, on August 7th 2019, I closed my 100 lots long position in the EURCAD at 1.4950 for a profit of $229,608. The three charts below show my closed forex trades.



My 100 lots long position which I took on July 26th 2019 at 16.400 for a margin requirement of $82,240 with a pip value of $5,000 remains open as I believe we may head closer to $20 in this precious metal. Safe haven assets are in demand, as I outlined when I wrote about Gold hitting $1,600 this year. The sole reason for my exit was that I saw greater opportunities at that time in the cryptocurrency sector and I was re-allocating my assets. The chart below shows my open Silver position.

On August 1st 2019 I took a 200 lots short position in the USDJPY at 109.150 for a margin requirement of $40,000 with a pip value of $1,891.38. The trading recommendation can be found at “USDJPY Fundamental Analysis – August 1st 2019”. Yesterday on August 7th 2019 I closed this position at 105.650 for a profit of $661,983. Also on August 1st 2019 I took a 200 lots long position in the GBPAUD at 1.7710 according to this trading recommendation “GBPAUD Fundamental Analysis – August 1st 2019”. The margin requirement was $48,580 with a pip value of $1,347.26. Earlier today, on August 7th 2019, I closed this trade at 1.8160 for a profit of $606,267. On August 2nd 2019 I added a 200 lots long position in the EURAUD at 1.6350 according to the alternative recommendation on this analysis “EURAUD Fundamental Analysis – August 2nd 2019”. The margin requirement was $44,871 with a pip value of $1,347.26. Earlier today I closed this trade at 1.6750 for a profit of $538,904. The three charts below show my closed trades.



Yesterday, on August 6th 2019, I sold 200 lots in the EURGBP at 0.9200 for a margin requirement of $44,870 with a pip value of $2,429.00. You can get read the analysis at “EURGBP Fundamental Analysis – August 5th 2019”. The image below shows my open position in this currency pair.

Open your PaxForex Trading Account today and start earning more per trade with my Bitcoin - Forex Combo Strategy. Just comment below with any questions you may have and I will be happy to help you get started with my Bitcoin - Forex Combo Strategy!
 
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PaxForex

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Dec 21, 2018
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72
USDJPY Fundamental Analysis – August 8th 2019


Financial markets remain under a high degree of volatility with forex traders zoomed in on the People Bank of China and where it sets the Yuan rate, which for the first time was placed above the key 7.00 mark. While US president Trump is using Twitter to express his anger and claim victory is near, China reported a surprise increase in exports which saw its trade surplus swell further. The USDJPY came under more selling pressure, will bears force a breakdown below support or will bulls hold their ground? Follow the PaxForex Daily Fundamental Analysisand take the profitable side of this trade!
Here are the key factors to keep in mind today for US Dollar trades:
  • US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of August 3rd are predicted at 215K and US Continuing Claims for the week of July 27th are predicted at 1,690K. Forex traders can compare this to US Initial Jobless Claims for the week of July 27th which were reported at 215K and to US Continuing Claims for the week of July 20th which were reported at 1,699K.
  • US Inventories: US Preliminary Wholesale Inventories for June are predicted to increase by 0.2% monthly and US Preliminary Retail Inventories are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Inventories for May which increased by 0.2% monthly and to US Retail Inventories which increased by 0.1% monthly.
Japan reported a bigger-than-expected trade surplus despite the US-China trade war as well as the one it wages with South Korea. Did Japan export more June as it saw rising issues and weaker demand moving forward? The Japanese Eco Watchers Survey for July decreased further with a depressed outlook. How will the Bank of Japan react to a strengthening Japanese Yen as forex traders flock to safe havens? Today’s fundamental analysis will take a look at price action in the USDJPY in both directions.
Here are the key factors to keep in mind today for Japanese Yen trades:
  • Japanese Housing Loans: Japanese Housing Loans for the second-quarter increased by 2.2% annualized. Forex traders can compare this to Japanese Housing Loans for the first-quarter which increased by 2.4% annualized.
  • Japanese Current Account Balance and Trade Balance: The Preliminary Japanese Current Account Balance for June was reported at ¥1,211.2B. Economists predicted a figure of ¥1,174.4B. Forex traders can compare this to the Japanese Current Account Balance for May which was reported at ¥1,594.8B. The Preliminary Japanese Adjusted Current Account Balance for June was reported at ¥1,941.9B. Economists predicted a figure of ¥1,756.5B. Forex traders can compare this to the Japanese Adjusted Current Account Balance for May which was reported at ¥1,305.7B. The Preliminary Japanese Trade Balance for June was reported at ¥759.3B. Economists predicted a figure of ¥708.0B. Forex traders can compare this to the Japanese Trade Balance for May which was reported at -¥650.9B.
  • Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending August 2nd was reported at ¥286.2B and Japanese Buying Foreign Stocks was reported at ¥95.3B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending July 26th which was reported at -¥161.5B and to Japanese Buying Foreign Stocks which was reported at ¥104.1B. Foreign Buying Japanese Bonds for the period ending August 2nd was reported at ¥179.9B and Foreigners Buying Japanese Stocks was reported at -¥339.9B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending July 26th which was reported at ¥607.4B and to Foreigners Buying Japanese Stocks which was reported at ¥36.7B.
  • Japanese Bank Lending: Japanese Bank Lending including Trusts for July increased by 2.3% annualized and Japanese Bank Lending excluding Trusts increased by 2.5% annualized. Forex traders can compare this to Japanese Bank Lending including Trusts for June which increased by 2.3% annualized and to Japanese Bank Lending excluding Trusts which increased by 2.4% annualized.
  • Japanese Eco Watchers Survey: The Japanese Eco Watchers Survey Current Index for July was reported at 41.2 and the Japanese Eco Watchers Survey Outlook Index was reported at 43.5. Economists predicted a figure of 43.3 and of 45.2. Forex traders can compare this to the Japanese Eco Watchers Survey Current Index for June which was reported at 44.0 and to the Japanese Eco Watchers Survey Outlook Index which was reported at 45.8.
Should price action for the USDJPY remain inside the or breakdown below the 105.800 to 106.450 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 106.100
  • Take Profit Zone: 103.750 – 104.600
  • Stop Loss Level: 106.650
Should price action for the USDJPY breakout above 106.450 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 106.750
  • Take Profit Zone: 108.400 – 109.000
  • Stop Loss Level: 106.450
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Is your forex investment in good hands when you are away from your trading platform? Find out today why more profitable forex traders trust PaxForex every day!
 
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Analysis of EURZAR 8.08.2019



The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 17.0800
• Take Profit Level: 17.2200 (1400 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.7500
• Take Profit Level: 16.7000 (500 pips)



USDJPY
A possible short position in the breakdown of the level 105.50

GOLD
A possible long position at the breakout of the level 1510.00

USDCHF
A possible short position in the breakdown of the level 0.9690

EURUSD
A possible long position at the breakout of the level 1.1240
 
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PaxForex

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Dec 21, 2018
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Analysis of GBPJPY 9.08.2019


The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 128.10
• Take Profit Level: 127.00 (110 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 129.40
• Take Profit Level: 130.00 (60 pips)


GOLD
A possible long position at the breakout of the level 1511.00

USDJPY
A possible short position in the breakdown of the level 105.50

EURUSD
A possible short position in the breakdown of the level 1.1170

GBPUSD
A possible short position in the breakdown of the level 1.2090
 
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PaxForex

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Dec 21, 2018
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Analysis of EURJPY 13.08.2019

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 117.50
• Take Profit Level: 116.50 (100 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 118.30
• Take Profit Level: 118.80 (50 pips)


GOLD
A possible long position at the breakout of the level 1528.00

USDCHF
A possible short position in the breakdown of the level 0.9680

GBPUSD
A possible short position in the breakdown of the level 1.2035

USDJPY
A possible short position in the breakdown of the level 105.00
 
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PaxForex

Member
Dec 21, 2018
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6
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72
Video Analysis of NZDUSD 15.08.2019


ANALYSIS OF NZDUSD 15.08.2019
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.6420
• Take Profit Level: 0.6380 (40 pips)

If the price rebound from support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.6470
• Take Profit Level: 0.6500 (30 pips)


USDCHF
A possible long position at the breakout of the level 0.9770

USDJPY
A possible long position at the breakout of the level 106.95

EURUSD
A possible short position in the breakdown of the level 1.1130

GBPUSD
A possible short position in the breakdown of the level 1.2040
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72
AUDUSD Fundamental Analysis – August 15th 2019

The Australian Dollar advanced during the Asian trading session as consumer inflation expectations rose and the labor market surprised to the upside by adding 41.4K jobs. The AUDUSD elevated from string support levels as the US Dollar is coming under more selling pressure after the 30-Year Treasury Yield dropped to a new all-time low and the 2-Year/10-Year yield curve inverted, a strong recession signal. Can price action accelerate further to the upside? Today’s fundamental analysis will analyze the upside potential in the AUDUSD as well as evaluate the downside risk.
Forex traders will get a wave of US economic data today which is expected to move the US Dollar. Retail sales will share the attention with industrial and manufacturing production data. Did the US consumer continue to borrow and support the economy in the wake of the US-China trade war? The US bond market flashed its first recession signal since 2015 as the economy is cooling around the globe. How much longer can the US Dollar attract safe haven investors? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this AUDUSD trade!

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KEY FUNDAMENTAL FACTORS FOR THE AUDUSD

Here are the key factors to keep in mind today for Australian Dollar trades:
  • Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for August increased by 3.5% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for July which increased by 3.2% annualized.
  • Australian Employment Report: The Australian Employment Change for July was reported at 41.4K. Economists predicted a figure of 14.0K. Forex traders can compare this to the Australian Employment Change for June which was reported at 0.5K. The Unemployment Rate for July was reported at 5.2%. Economists predicted a reading of 5.2%. Forex traders can compare this to the Unemployment Rate for June which was reported at 5.2%. 34.5K Full-Time Positions and 6.7K Part-Time Positions were created in July. Forex traders can compare this to the creation of 21.0K Full-Time Positions and to the loss of 23.3K Part-Time Positions which were reported in June. The Labor Force Participation Rate for July was reported at 66.1%. Economists predicted a reading of 66.0%. Forex traders can compare this to the Labor Force Participation Rate for June which was reported at 66.0%.
  • RBA FX Transactions: RBA FX Transactions for July were reported at A$837M. Forex traders can compare this to RBA FX Transactions for June which were reported at A$1,478M. RBA FX Government Transactions for July were reported at -A$961M and RBA FX Other Transactions were reported at A$4,377M. Forex traders can compare this to RBA FX Government Transactions for June which were reported at -A$1,546 and to RBA FX Other Transactions which were reported at A$3,845M.
  • Chinese New Home Prices: Chinese New Home Prices for July increased by 0.59% monthly. Forex traders can compare this to Chinese New Home Prices for June which increased by 0.66% monthly.
Here are the key factors to keep in mind today for US Dollar trades:
  • US Empire Manufacturing Index: The US Empire Manufacturing Index for August is predicted at 1.9. Forex traders can compare this to the US Empire Manufacturing Index for July which was reported at 4.3.
  • US Non-Farm Productivity and Unit Labor Costs: Preliminary US Non-Farm Productivity for the second-quarter is predicted to increase by 1.4% quarterly and Unit Labor Costs are predicted to increase by 1.8% quarterly. Forex traders can compare this to US Non-Farm Productivity for the first-quarter which increased by 3.4% quarterly and to Unit Labor Costs which decreased by 1.6% quarterly.
  • US Philadelphia Fed Business Outlook: The Philadelphia Fed Business Outlook for August is predicted at 10.0. Forex traders can compare this to the Philadelphia Fed Business Outlook for July which was reported at 21.8.
  • US Advanced Retail Sales: US Advanced Retail Sales for July are predicted to increase by 0.3% monthly and Retail Sales Less Autos are predicted to increase by 0.4% monthly. Forex traders can compare this to US Advanced Retail Sales for June which increased by 0.4% monthly and to Retail Sales Less Autos which increased by 0.4% monthly. Retail Sales Less Autos and Gas for July are predicted to increase by 0.5% monthly and Retail Sales Control Group are predicted to increase by 0.4% monthly. Forex traders can compare this to Retail Sales Less Autos and Gas for June which increased by 0.7% monthly and to Retail Sales Control Group which increased by 0.7% monthly.
  • US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of August 10th are predicted at 212K and US Continuing Claims for the week of August 3rd are predicted at 1,685K. Forex traders can compare this to US Initial Jobless Claims for the week of August 3rd which were reported at 209K and to US Continuing Claims for the week of July 27th which were reported at 1,684K.
  • US Industrial Production and Manufacturing Production: US Industrial Production for July is predicted to increase by 0.1% monthly and Manufacturing Production is predicted to decrease by 0.3% monthly. Forex traders can compare this to US Industrial Production for June which was reported flat at 0.0% monthly and to Manufacturing Production which increased by 0.4% monthly. Capacity Utilization for July is predicted at 77.8%. Forex traders can compare this to Capacity Utilization for June which was reported at 77.9%.
  • US NAHB Housing Market Index: The US NAHB Housing Market Index for August is predicted at 66. Forex traders can compare this to the US NAHB Housing Market Index for July which was reported at 65.
  • US Business Inventories: US Business Inventories for June are predicted to increase by 0.1% monthly. Forex traders can compare this to US Business Inventories for May which increased by 0.1% monthly.
Should price action for the AUDUSD remain inside the or breakout above the 0.6745 to 0.6815 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.6780
  • Take Profit Zone: 0.7020 – 0.7080
  • Stop Loss Level: 0.6735
Should price action for the AUDUSD breakdown below 0.6745 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.6735
  • Take Profit Zone: 0.6565 – 0.6635
  • Stop Loss Level: 0.6780
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