AJdaily page 001

The AUD/JPY currency pair might fall in the medium term, according to our technical and fundamental analysis. The RSI oscillator on the daily and weekly charts is below 50, and this indicates a downtrend. A medium-term target may be 75.23 where is Fibo 0.23 on the weekly chart.
Low wages, high debts and housing bubble continue to threaten the Australian economy and the Australian dollar.

The most important data of this week:
January 23
BOJ rate decision (-0.1% expectation) ( -0.1% previous)
BOJ Outlook Report
Australia Unemployment Rate (+5.1% expectation) ( +5.1% previous)
Unemployment Change (18k expectation) ( 37k previous)

weekly chartAJ page 001

EURUSDdaily page 001

The EUR/USD currency pair might rise in the medium term, according to our technical and fundamental analysis. The RSI oscillator is above 50, and the price has already reached EMA 50 on the daily chart. The next target on the medium-long term might be Fibo 0.38 (1.1725) on the daily chart. The stochastic oscillator indicates an uptrend on the weekly chart.
The U.S. dollar continues to be low against other currencies amid renewed trade war fears and a rise in U.S. Treasury yields.

The most important data of this week:

January 15
Eurozone GDP QoQ (+1.5% expectation); ( +2.2% previous)
January 16
Germany CPI MoM (+0.1% expectation); ( +0.1% previous)
YoY (+1.7% expectation); (+1.7% previous)
FED Beige Book

weekly chart page 001

CHFdaily page 001

 

The USD/CHF currency pair might fall in the next period, according to the daily and weekly charts. The price is above EMA 200, and the RSI oscillator is below 50 on the daily chart. The potential target in the medium-long term might be Fibo 0.50 (0.9679) and Fibo 0.38 (0.9561). The weekly chart also indicates a downtrend. The price is above EMA 50, and the RSI oscillator is above 50.
Federal Reserve Chair Jerome "Jay" Powell took steps to reassure financial markets recently. He said that the US central bank would be "patient" about rate rises.
The most important data for this week:
January 9
Switzerland CPI MoM (-0.2% expectation); (-0.3% previous)
YoY (+0.8% expectation); (+0.9% previous)
US FOMC minutes
January 10
Switzerland Unemployment Rate (+2.4% expectation); (+2.4% previous)
Fed’s Powell to Speak to The Economic Club of Washington
January 11
US CPI MoM (-0.1% expectation); (0.0% previous)
YoY (+1.9% expectation); (+2.2% previous)

CHFweekly page 001

USDCADdaily page 0012

 

The USD/CAD pair might continue to rise in the medium term, according to the daily and weekly charts. The RSI oscillator is above 50, and the MACD remains in positive territory on the daily chart. The RSI oscillator on the weekly chart stays above 50. The pair might rise around 1.3620 in the medium term.

December 19

Canada CPI  MoM (-0.4% expectation); ( +0.3% previous)

                      YoY   (+1.8% expectation); ( +2.4% previous)

FOMC rate decision (+2.5% expectation); ( +2.25% previous)

December 21

Canada GDP  MoM  (+0.2% expectation); ( -0.1% previous)

                        YoY   (+2.2% expectation);  ( +2.1% previous)

USDCADweekly page 0012

EURHPYdaily page 001

The EUR/JPY currency pair might fall in the medium-long term, according to the daily and weekly charts. The MACD indicator is into negative territory on the daily chart. A potential target in the medium term might be 126.25 where is Fibo 0.50. On the other hand, the RSI oscillator on the weekly chart stays below 50.
The most important data of the week:
December 13
Germany CPI MoM +0.1% expectation (+0.1% previous)
YoY +2.3% expectation (+2.3%% previous)
ECB rate decision unchanged expectation -0.40% ( -0.40% previous)
December 14
Japan Tankan Manufacturing Index 4Q +18 expectation ( 19 previous)

EURHPYweekly page 001

 

AUDCADdaily page 0015

 

The AUD/CAD pair might continue to rise in the medium-long term, according to our technical and fundamental analysis. The price has already reached EMA 50 on the weekly chart, and the RSI is above 50. Moreover, the MACD is positive on the daily chart.
At the G20 summit meeting in Buenos Aires, Donald Trump agreed not to boost tariffs on $200bn (£157bn) of Chinese goods from 10% to 25% on 1 January. The outcome of the dinner meeting between Donald Trump and Xi Jinping, following months of escalating tensions on trade and other issues, boosted financial markets around the world.
Australian’s economy will continue to grow based on this agreement, Australia is the biggest exporter of commodities and China is the biggest importer.

The most important data of this week:
December 4
RBA rate decision (+1.5% expectation); ( +1.5% previous)
December 5
Australia GDP QoQ (+0.6% expectation); ( +0.9% previous)
YoY (+3.3% expectation); ( +3.4% previous)
BOC rate decision (+1.75% expectation); ( +1.75% previous)
December 7
Canada Unemployment Rate (+5.8% expectation); (+5.8% previous)

ACweekly page 001
Unemmployment Change (+10k expectation); ( +11k previous)

EURUSDdaily

 

The EUR/USD pair may rise in the long term, according to our technical analysis. The RSI oscillator is near 50, and the next medium-term target may be 1.1863 where is 0.50 Fibo level on the daily chart.
The stochastic oscillator indicates an uptrend in the long term for this pair. The next FOMC minutes scheduled on November 29 may give a signal for USD weakness.

The most important data of this week:
November 28
US GDP QoQ (+3.6% expectation); ( +3.5% previous)
November 29
Germany Unemployment Change (-10k expectation); ( -11k previous)
Unemployment rate (5.00% expectation); ( 5.1% previous)
Germany CPI MoM unchanged (+0.2% previous)
YoY (+2.2% expectation); ( +2.5% previous)
FOMC minutes

weekly

 

EURCADdaily page 001

 

The EUR/CAD currency pair is still into a wide range. According to our technical and fundamental analysis, this pair might rise in the medium term. The price has already reached EMA 50 on the daily chart, and the RSI oscillator is above 50. Moreover, the price has reached EMA 200 on the weekly chart. The EUR/CAD pair has formed a new bottom on the weekly chart.

The most important data of this week:
November 22
ECB minutes
November 23
Germany GDP QoQ (-0.2% expectation); (-0.2% previous)
YoY (+1.1% expectation); ( +1.1% previous)
Canada CPI MoM (+0.1% expectation); (-0.4% previous)
YoY (+2.2% expectation); (+2.2% previous)

EURCADweekly page 001

October 29 page 001

 


The EUR/GBP pair might rise in the medium term, according to the daily and weekly charts. The price is above EMA 200 on the daily chart, and the RSI oscillator is above 50. Moreover, the MACD on the daily and weekly charts likely remains positive in the medium-long term. The price is above EMA 50 on the weekly chart, also confirming an uptrend. For this week, a lot of relevant economic data are expected to affect the market.

The most important data of this week:

October 30
France GDP QoQ (+0.4% expectation); ( +0.2% previous)
YoY (+1.5% expectation); (+1.7% previous)
Germany Unemployment Change (-11K expectation); ( -23K previous)
Germany Unemployment Rate (+5.1% expectation); (+5.1% previous)
Italy GDP QoQ (+0.2% expectation); (+0.2% previous)
YoY (+1% expectation); (+1.2% previous)
Eurozone GDP QoQ (+0.3% expectation); (+0.4% previous)
YoY (+1.8% expectation); (+2.1% previous)
Germany CPI MoM (+0.1% expectation); ( +0.4% previous)
YoY (+2.4% expectation); (+2.3% previous)
October 31
Eurozone Unemployment Rate (+8.1% expectation); (+8.1% previous)
November 1
BOE rate decision (+0.75% expectation); (+0.75% previous
BOE inflation report

UCADdaily page 001

 

The USD/CAD pair might rise in the medium term, according to our technical analysis. The RSI oscillator is above 50, and the price has already reached EMA 50 and EMA 200 on the daily chart. The MACD indicator likely remains positive as long as there is a sustained uptrend. The stochastic oscillator will remain above 50 for an extended period, according to the weekly chart.

The most important data of this week:
October 24
BOC rate decision (+1.75% expectation); ( +1.5% previous)
October 26
US GDP QoQ (+3.4% expectation); (+4.2% previous)

weekly chartUCAD page 001

Payments

Contact Us

office@forexcapitalexperts.com

office@mscapitalconsulting.com

mscapitalconsulting