LiteForex_Official

LiteForex_Official

Current trend Today the pair is growing amid the publication of strong data in New Zealand. In April, Exports from the country grew from 4.2 billion to 4.3 billion New Zealand Dollars that was slightly better than forecasts of economists. In addition, the Trade Balance surplus increased to 292 million NZD, while exports expected the surplus to decline to 60...

LiteForex_Official

Current trend The price of Brent crude oil tested the level of 49.00 several times but could not consolidate above it yet. Since the end of last week, the price has been trading in a narrow range of 47.55-49.34 while market volatility remains low. Tomorrow attention needs to be paid to data on the EIA Crude Oil Stocks change in the US. Support and resistance...

LiteForex_Official

Current trend Today the Yen is strengthening against the US Dollar. The pair was pressured by the publication of data on the Trade Balance in Japan. The balance surplus increased from 755 to 824 billion Yen, while experts expected it to fall to 492.8 billion. Today attention needs to be paid to preliminary data on the Markit Manufacturing PMI in the US. ...

LiteForex_Official

Current trend The pair continues growing amid a significant strengthening in the US Dollar. The American currency was supported by the publication of April FOMC Minutes that substantially increased the probability of an interest rate hike in the US at June’s meeting of the regulator. According to the Federal Funds futures, at present the probability stands at...

LiteForex_Official

Current trend The pair continues falling amid a large number of macroeconomic publications in Japan and Australia. The Yen was supported by strong data on the Japanese GDP. In the first quarter of the year, the index grew by 1.7% that substantially exceeded forecasts of economists of a 0.2% growth. At the same time, the Australian Dollar was pressured by weak...

LiteForex_Official

Current trend Yesterday the pair slightly strengthened amid the publication of strong statistics in the US. The Consumer Price Index grew by 0.4% while economists predicted a growth of 0.3%. In addition, the Consumer Price Index n.s.a increased to 239.260 and Housing Starts grew to 1.172 million. At the same time, the Yen was supported by today’s data on the...

LiteForex_Official

Current trend Since the beginning of last week, the pair is in consolidation having fallen by 50 points for the week. At the same time, yesterday the fall continued amid the publication of weak data in the US and due to uncertainty regarding the pace of interest rates hikes in the US. Today attention needs to be paid to data on Building Permits and the Core...

LiteForex_Official

Current trend The pair continues consolidating after a significant growth at the beginning of the week. Data on the Tertiary Industry Index for March that was published today in Japan showed a decline of 0.7%, while experts anticipated a 0.2% fall, which slightly pressured the Yen. Today attention also needs to be paid to data on Retail Sales in the US....

LiteForex_Official

Current trend Since the opening of the European trading session, the EUR/USD pair has been declining. The European currency remains under pressure, as Italy’s banking system is facing difficulties due to the increased number of bad loans. Many commercial banks need additional capital, and shares in Banco Popolare, one of Italy’s largest banks, lost 14...

LiteForex_Official

EUR/USD, D1 On the daily chart, the pair is trading on the middle MA of Bollinger Bands. The price remains above its moving averages that are directed up. The RSI is trying to turn up in the Bullish zone above the 50 mark. The Composite is trying to turn up as well. EUR/USD, H4 On the 4-hour chart, the pair is trying to break out the middle MA of Bollinger...

LiteForex_Official

Current trend Since the middle of last week, the pair was growing amid publications of poor macroeconomic statistics in Canada. The Trade Balance deficit increased from 2.47 to 3.41 billion Canadian Dollars, while the Net Employment Change declined by 2.1 thousands, which was substantially worse than forecasts. Today attention needs to be paid to data on the...

LiteForex_Official

Current trend Yesterday the price of Brent crude oil corrected up and tested the level of 46.67, but could not consolidate above it. The price was supported by news that forest fires in Canada curbed its oil production. Today extra attention needs to be paid to data on the Non-farm Payrolls that is due in the US at 2:30 pm (GMT+2). Growth in the index might...

LiteForex_Official

Current trend Yesterday the USD/JPY pair strengthened. The American currency was supported by favorable macroeconomic statistics, released in the US in the afternoon. In particular, the US trade deficit shrank from $47.00 billion to $40.40 billion, exceeding the forecast of $41.50 billion. Moreover, ISM Non-Manufacturing PMI was up from 54.7 to 55.7 points. On...

LiteForex_Official

Current trend Yesterday the pair significantly fell amid the publication of weak statistics on manufacturing production in China. In addition, the pair was pressured by today’s labour market data from New Zealand, where the Unemployment Rate grew from 5.3% to 5.7% while economists predicted a growth to 5.5%. Today attention also needs to be paid to data on the...

LiteForex_Official

Current trend Last week the pair significantly fell amid the publication of weak data on the Consumer Price Index in Australia. In the first quarter, the index fell by 0.2% while economists forecasted a 0.3% growth. At the same time, the pair was supported by today’s data on TD Securities Inflation from Australia that showed a 0.1% growth in the index. Today...

LiteForex_Official

Current trend The New Zealand Dollar was significantly supported by the RBNZ decision to keep its key interest rate unchanged at the current 2.25%, which allowed the pair to strengthen by more than 180 points. In addition, the pair was supported by today’s data on the ANZ Business Confidence. In March, the index grew from 3.2 to 6.2 points. Today attention also...

LiteForex_Official

Current trend The pair continues growing amid weakening in the US Dollar, which was slightly pressured by yesterday’s Fed Interest Rate Decision. As was expected, the rate remained unchanged. The statement, however, did not contain any hints on its possible increase at the July meeting. At the same time, employment in the US keeps growing that will later...

LiteForex_Official

Current trend Yesterday the pair continued falling amid the publication of poor macroeconomic statistics in the US. Durable Goods Orders grew by 0.8% while economists forecasted a 1.8% growth, while the S&P/Case-Shiller Home Price Indices grew by 5.4% that was also worse than forecasts. In addition, the Consumer Confidence fell to 64.2 points, against the...