Monday, October 23, 2017
Economic Indicators

technical analysis of meme eur

From Today TradeLikeJarvis.com will offer daily Forex technical analysis for every currencies and commodities.

Present situation of the EURO is illustrated in the following:

EURO Suicide

Analysis of Currencies and Commodities:

Date: 20th Jan, 2015

List of Currency analysed:

  1. EUR VS USD
  2. GBP VS USD
  3. USD VS CHF
  4. USD VS JPY
  5. AUD VS USD
  6. USD VS RUB

FX Technical analysis of EUR VS USD:

eur usd technical analysis forex

Have a deep look at the chart above, Euro seems goes downwards from the start of the day. However initial downward movement is very fast, it becomes stabilize in the middle. It flattens at the level of 1.2500 to 1.2400. This stabilization saves Euro to avoid reaching the lowest position.

Then the downward movement takes acceleration to reach the level of 1.1590. If the stabilization doesn’t takes place, Euro may reach less than 1.1000. This downward movement of EURO is due to the pressure of ECB’s quantative easing program.

As ECB is going to announce the Outright Quantative Easing Program, investors expects a deflations in EURO.

Technical Analysis of GBP VS USD

gbp_usd_great britian pound united states dollar

Look at the Chart above, Our team thought that, GBP will have a descending movement and reach the lowest level of 1.5040.

But our instinct failed and GBP had ascending movement, which is good for investors who play with GBP. It reached the level of 1.5073. Following  graph shows the current movement of GBP. It gains a huge ascending movement and reached the same level of 1.5168.

gbp usd (growth) great britian pound united states dollar

 

Technical Analysis of USD VS CHF

USD VS CHF technical analysis

 

Using bloomberg chart, we are analysing that USD starts with a steady level of 0.8798 at the morning.

After 5am in the early morning, USD starts moving downwards and reached lowest level of 0.8700. Our expectation is that, soon USD will have upward movement and reach the level that started today.

Technical Analysis of USD VS JPY

USD VS JPY technical analysis

 

Today USD got great ascending wave and grow exponentially with few downward movement. But that downward movement is too lengthy. USD started with the lowest level of 117.20 and its now reached the level of 118.69. Its expected that it’ll move upward today.

Technical analysis of AUD VS USD

AUD VS USD technical analysis

See the chart above, you will notice the huge fluctuation in AUD level.

Today AUD started at the level of 0.8220 and saw some downward movement in the beginning. But it got slight ascending movement to reach the level it started.

Then AUD got huge downward wave to reach the level of lowest 0.8160, however it didn’t lost for long interval. It reached the same level of 0.8210 by getting good upward swing. We expect that AUD will reach 0.8190.

Technical analysis of USD VS RUB

usd_rub_technical analysis jan 20 2015

 

As you can see in the above chart, Ruble consistently move steadily in the linear flow. We thoughts it will reach the level of 44.00, but we hope that it will have some upward movement.

News about Brent crude oil US crude oil rate increase

Morning Everyone,

Happy Friday.. Today Brent Crude Oil and US Crude came-up with good news for you.

brent crude pil price is getting low

After falling price for 6 months, now Brent Crude Oil and US Crude back into the game by saying “I’m Back”

Brent crude oil and US Crude Rate rates

Today Brent crude oil rose above $60/barrel. This saved many investors and Oil traders re-covering from near a five&half year risks..

Wood Mackenzie said that

At this rate of $60/barrel(Brent Crude oil), There are only three companies were able get good and free cash flow to meet their expenses,  .

on Friday, recovering from near a 5-1/2-year low as investors squared books ahead of the year-end festive break after six months of falling prices. FYI: Both of the Brent crude oil and US crude valued half rate during June 2014, after that huge decline, its came back to the game. Few of them would predicted this using indicators.  U.S. crude value was up $1.20 sold at the rate of $55.31 –  Sources says.

Bloomberg Report about Oil CashFlow

Also Bloomberg compiled a data and gave a detailed report about the cash flow  of traded products which belongs to oil commodity. In this report, its is shown that, US Oil Fund and ProShares Ultra Bloomberg Crude Oil, received an amount of about $702.2 Million USD, November they received a cash of $559,85 Million USD. Totally, it said that funds received by them from May 2010 equates $1.54 Billion in USD.

The chief investment officer of United States Commodity Futures Funds, Mr. John Hyland said that

 “You want prices lower if you’re buying,”

$75 is the right price for oil – OilVoices

Andrew McKillop, AMK Consultant said in OilVoice,  that huge number of experts and investors love to agree that $75/ Barrel is a reasonable price and sustainable price.

fed meeting US commodity market signals

Two-day FED Meeting

After the end of two-day FED meeting, Fed Chairwoman Janet Yellen and other board members made a critical statement policy to open the market opportunity to pave the way for interest rates hikes in 2015, believing that this will position United States of America in safe place of rapidly growing global economy. This was announced by Janet Yellen at news conference at 2:30p.m.

U.S. Federal Reserve Board Chair Janet Yellen

Image Credit: Reuters

Though US economy has maintained well and unemployment rates were reduced to considerable amount. But if we consider U.K. job market, expectation was not fulfilled unemployment rate was at 6.0% with no change for last 3months.  FED official also announced that they decided to tighten the monetary policies in Mid-2015 at near-zero rates.

Impact of FED meeting and Announcement in US commodity market:

USD(United States Dollar) positioned itself ahead of the FED Policy announcement.

Here are the some of the improvement happened in US commodity Market today

 USD/JPY

Increased 0.51% to 117.01.

EUR/USD

Decreased 0.43% to 1.2457.

U.S. dollar index

Measures the greenback against a basket of six major currencies was also increased 0.42% to 88.43.

GBP/USD

Decreased 0.13% to 1.5729.

USD/CHF

Increased 0.44% to 0.9742.

AUD/USD

Decreased 0.47% to 0.8180.

USD/CAD

Increased 0.21% to 1.1651.

Chinese economy deflation

Hey guys, are you interested in investing Chinese economy?

Then this article is exactly for you.

Today Fxstreet stated that

“The FTSE is expected to open 15 points higher, the CAC 22 points higher and the DAX 51 points higher.”

Unfortunately, their prediction is not upto the mark to help the investors and traders. While Business Insider got the perfect evidence that Chinese economy is headed towards the deflation. Recent studies from Harvey, shows the same. Please have a look at the analysis indicator below.

haver analysis about chinese impots

Today The Shanghai Composite dropped 5.4% to 2,856.27, this show that the stock bubble which happened recently was bursting to cause the chinese economy to drop. In the event of Alibaba IPO the retail-dominated market i.e Ecommerce, fashion,etc is pushing the stocks not to go low. However this industry shows good improvement of about 35% this year(2014). As The Chinese economy have a huge savings rate and investment policies, this economy deflation won’t cause major loss to their funds.