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)

GBPNZDdaily page 001

 

GBP/NZD bulls have solidly been in control for the past few weeks. According to our technical and fundamental analysis, the GBP/NZD pair might continue to rise in the medium term. The RSI oscillator is still above 50. Moreover, the price has already reached EMA 50 and EMA 200 on the daily chart and weekly chart. These are clear reasons that the uptrend will continue on this pair.

The most important data of this week:

October 16
New Zealand CPI QoQ (+0.7% expectation); (+0.4% previous)
YoY (+1.7% expectation); (+1.5% previous)
UK Unemployment rate (+4.00% expectation); ( +4.00% previous)
Employment Change (+11K expectation); (+3K previous)
October 17
UK CPI MoM (+0.3% expectation); (+0.7% previous)
YoY (+2.3% expectation); (+2.7% previous)

GBPNZDweekly page 001

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

 

GUdaily page 001

The GBP/USD pair might continue to rise, according to our recent fundamental and technical analysis. The MACD on the daily chart indicates the uptrend. If the price reaches EMA 200 at 1.3264, the next target will be 38% Fibo (1.3306).
A bottom has already formed at 1.2663 on the weekly chart. A long-term target might be 38% Fibo (1.3926), according to the weekly chart.

The most important data of this week:

October 10

UK GDP MoM (+0.1% expectation); (+0.3% previous)
QoQ (+0.6% expectation); (+0.6% previous)
US PPI MoM (+0.2% expectation); (-0.1% previous)
YoY (+2.6% expectation); (+2.3% previous)

October 11

US CPI MoM (+0.2%expectation); (+0.2% previous)
YoY (+2.4% expectation); (+2.7% previous)

GUWeekly chart page 001

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

USDCHFdaily page 001

 

The USD/CHF pair might rise in the medium-long term, according to the daily and weekly chart. The RSI oscillator on the daily chart is below 70, and this means that the USD/CHF will continue to rise. The price might form a triple top at 1.004, on the daily chart. The weekly chart also indicates that this pair is into an uptrend. The price has already reached EMA 50 (0.9780).

The most important data of this week:

October 3
US ADP Employment Change (+185k expectation); ( +163k previous)
October 5
Switzerland CPI MoM (+0.2% expectation); (0.00% previous)
YoY (+1.1% expectation); (+1.2% previous)
US NFP (+185k expectation); ( +201k previous)
Unemployment Rate (+3.8% expectation); (+3.9% previous)

USDCHFweekly chart page 0011

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

EURUSDdaily page 0011

 

The EUR/USD pair is still in an uptrend, according to the daily and weekly chart. The RSI oscillator is above 50, and the price has already reached EMA 50 on the daily chart.
In last week’s ECB press conference, ECB President Mario Draghi has mentioned a potential date when we might see the first interest rate rise. For the moment, European Central Bank leaves interest rates on hold at least through the summer of 2019.

September 26
FOMC rate decision (+2.25% expectation); ( +2.00% previous)
September 27
ECB Economic Bulletin
Germany CPI MoM (+0.1% expectation); ( +0.1% previous)
YoY (+2.00% expectation); (+2.00 previous)
US GDP Q2 (+3.00% expectation); ( +3.00% previous)

 

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

NZDJPYdaily page 001

The NZD/JPY pair might head lower in the medium and long term. The RSI oscillator is below 50 on the daily and weekly charts, and this shows a downtrend. The stochastic oscillator also indicates that the pair might fall in the next few weeks, according to the daily chart.
The NZD/JPY has remained in a downward trend channel for the past 12 months, hitting over a two year lower earlier in August.
The most important data of this week:
September 19
New Zealand GDP QoQ (+0.8% expectation); ( +0.5% previous)
YoY (+2.5% expectation); ( +2.7% previous)
BOJ rate decision (-0.10% expectation); ( -0.10% previous)
September 20
Japan CPI YoY (+1.1% expectation); (+0.9% previous)

NZDJPYweekly page 001

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