AUDJPYdaily page 001

The AUD/JPY pair is currently trading at 75.92 and could rise above 77.00 in the next period, as per technical charts. The price has already hit EMA 20 and EMA 50 on the daily chart, and the RSI oscillator is still above 50. A medium-term target is Fibo 0.50 (77.17).
The bottom was at 74.15 on the weekly chart. The RSI oscillator will soon cross above 50.
The price might stabilize around 80.00 in the medium-long term, between EMA 50 and EMA 100 on the weekly chart.

The most important data of this week:
July 16
RBA minutes
July 17
Japan Trade balance (June); (JPY 406.bln expectation); (JPY 967 bln previous)
July 18
Australia Employment change (June); (9k expectation); (42.3k previous)
Employment rate ( June); (5.2% expectation); (5.2% previous)
Japan National CPI YoY (0.7% expectation); ( 0.7% previous)

AJweekly chart page 001

 

 

GJdaily page 001

 

The GBP/JPY pair might fall in the short term. A potential target for the next few weeks is 140.63 where is Fibo 0.38 on the daily chart. The top has been already reached at 148.50, according to the weekly chart.

The pound could continue to fall as more Brexit uncertainty surfaced. European Union leaders have granted the UK a six-month extension to Brexit. The new deadline - 31 October - averts the prospect of the UK having to leave the EU without a deal, as MPs are still deadlocked over a deal.


The most important data from this week:

April 16
UK Unemployment rate (4% expectation); ( 3.9% previous)
Unemployment change (173k expectation); ( 222k previous)
Japan trade balance (305JPY billion expectation); (116JPY billion previous)
April 17
UK CPI MoM (0.2% expectation); ( 0.5% previous)
YoY (2% expectation); (1.9% previous)
April 18
Japan CPI YoY (0.5% expectation); ( 0.2% previous)

weekly char1 page 001

USDCADdaily page 001

The USD/CAD currency pair will fall in the medium-long term, according to our technical and fundamental analysis. The RSI oscillator is still above 50 on the weekly chart. The price has already hit EMA 20, EMA 50, and EMA 200 on the weekly chart. A potential medium-term target is 1.2720, where is Fibo 0.38 on the daily chart. The dollar may fall in the next month as markets expect the Fed to cut interest rate.
The most important data of this week:
July 10
BOC rate decision (1.75% expected); (1.75% previous)
Fed's Powell Testifies Before House Financial Services Panel
July 11
US CPI MoM (0.00% expected); (0.1% previous)
YoY (1.6% expected); (1.8% previous)
Fed's Powell Testifies Before Senate Banking Committee

weekly chartUSCAD page 001

DAXdaily page 001 1

The DAX 30 will continue to rise in the next weeks, according to our daily and weekly analysis. The RSI oscillator is still above 50 on the daily and weekly charts. The price on the daily charts has already hit EMA 20, EMA 50, and EMA 100. A medium-term target for this index is 12332 where is 0.23 Fibo on the weekly chart.

On the other hand, the European Central Bank’s program influences the price of the DAX.

The ECB announced it would be making billions of Euros available to Eurozone banks at cheap rates to try and reinvigorate lending to the economy. The tranches of the third Targeted Longer-term Refinancing Operations (TLTROs) will start in September 2019 and end in March 2021, with each loan having a maturity of two years. 

The most important data from this week:

April 10

ECB rate decision (0.00% unchanged expectation); (0.00% previous)

        Lending Facility (0.25% expectation); ( 0.25% previous)

        Deposit Facility (-0.4% expectation); (-0.4% previous)

ECB Mario Draghi’s press conference 

April 12

Germany CPI MoM (0.4% expectation); ( 0.4% previous)

weekly chart page 001

 

UJdaily page 001

The USD/JPY currency pair might fall in the medium term, according to our technical and fundamental analysis. The target for the next weeks is Fibo 0.23 (106.95). Also on the weekly chart, the USD/JPY pair shows a downtrend continuation. The RSI oscillator is still below 50, and the price is below EMA 20, EMA 50, and EMA 100. The US dollar continues to fall as rising trade tensions between Washington and Beijing and growing bets on a US interest rate cut.
The most important data from this week:
June 19
FOMC rate decision (2.5% expectation); ( 2.5% previous)
June 20
BOJ rate decision (-0.1% expectation); ( -0.1% previous)
Japan National CPI YoY (-0.7% expectation); ( -0.9% previous)

weekly chartUJ page 001

USCADdaily page 001

 

The USD/CAD currency pair might fall in the short term, according to the daily chart. However, the pair is still in a medium-long term uptrend.
The price has already reached EMA 20 on the daily chart, and it may fall at 1.3307 where is EMA 50. The MACD is still positive, and this is a confirmation that the USD/CAD pair might rise in the medium term. The medium-long term uptrend is also confirmed on the weekly chart. The RSI oscillator stays above 50, and the price is still above EMA 20, EMA 50, and EMA 100.

The most important data from this week:
April 1
Bank of Canada's Poloz Gives Speech in Iqaluit
April 3
US ADP (180k expectation); ( 183k previous)
April 5
Canada Unemployment rate (5.8% expectation); ( 5.8% previous)
US Unemployment rate (3.8% expectation); ( 3.8% previous)
US NFP (175k expectation); (200k previous)

 

 

 

 

 

GBPUSDaily page 001

The GBP/USD currency pair might rise in the medium term, according to our daily and weekly charts. The price has already reached EMA 20, and the MACD stays positive on the daily chart. A potential medium-term target is 1.3135 (0.38 Fibo). According to the weekly chart, the RSI is trying to initiate an uptrend from the bottom.

The most important data from this week:
June 10
UK GDP 3M (0.4% expectation); ( 0.5% previous)
MoM (-0.1% expectation); (-0.1% previous)
June 11
UK Unemployment rate (3.8% expectation); ( 3.8% previous)
June 12
US CPI MoM (0.1% expectation); ( 0.3% previous)
YoY (1.9% expectation); (2.0% previous)

weekly chartGU page 001

WEeu page 001

The EUR/USD currency pair might fall in the medium term. The price has already reached EMA 50, EMA 100, and EMA 200, and the MACD crosses from positive territory to negative territory on the daily chart. A downward trend is already confirmed, as the RSI oscillator stays above 50 on the weekly chart.
The euro fell sharply against the dollar this month after the European Central Bank (ECB) unveiled a series of market-friendly policies amid a slew of rising risks. The euro zone’s central bank slashed its growth forecast for 2019 to 1.1 percent from an earlier forecast of 1.7 percent made in December.

The most important data from this week:
March 26
France GDP QoQ (0.3% expectation); (0.3%previous)
YoY (0.9% expectation); ( 0.9% previous)
March 27
ECB President Mario Draghi speaks in Frankfurt
March 28
US GDP QoQ (+2.4% expectation); (+2.6% previous )
YoY (+2.6% expectation); (+2.8% previous)
Germany CPI MoM (+0.6% expectation); (+0.4% previous)
YoY (+1.5% expectation); (+1.5% previous)
Germany Unemployment Change (-10k expectation); (-21k previous)
Rate (4.9% expectation); (5.0% previous)

daily chartEU page 001

 

GER30 W1 05 20 2019 1044

The DAX Index might rise in the medium term, according to our technical analysis. Even if in the short term, the Dax Index rises, the trend will be up in the medium and long term. A potential target is 12,819, where is Fibo 0.76 on the daily chart. The weekly chart is correlated with the daily chart. The RSI oscillator is still above 50, and this is a sign of an uptrend.
The most important data from this week:
May 21
OECD Publishes Eurozone Economic Outlook
May 22
ECB President Draghi Speaks in Frankfurt
FOMC minutes
May 23
Germany GDP QoQ (0.4% expectation); (0.4% previous)
YoY (0.6% expectation); (0.6% previous)

GER30 W1 05 20 2019 1044

 

 

USDJPYDAILY page 001 1


The USD/JPY currency pair might rise in the medium term, according to our daily and weekly analysis. The RSI oscillator is above 50 on the daily chart, and a potential target for this pair is Fibo 0.23 (112.24). The price on the weekly chart has already reached EMA 20, EMA 50, and EMA 100, and this is a clear confirmation for an uptrend. The RSI oscillator on the weekly chart also stays above 50.


The most important data from this week:

March 19
BOJ minutes
March 20
FOMC rate decision (2.5% expectation); ( 2.5% previous)
March 21
Japan CPI (0.8% YoY expectation); ( 0.8% previous)

weekly chart page 001 1

 

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