NewForex — Forex news (daily)

[FXGorilla]

Allow me to present to the distinguished community the Forex news by NewForex company. In this thread I will post daily news about the Forex market.</div></div></div>

[AnnaMon]

Forex News from NewForex: Asian markets closed with a decline

On Friday, July 22, Asian stocks lose ground after an 8-month high. The yen rises amid low possibilities of new stimulus measures in Japan. At the moment the pair dollar/yen stands at 105.98 (-0.17%). During the week the yen shed 0.8%. The MSCI Asia Pacific index tumbled 0.6%, the Topix slid 1.3%.

The Australian and the New Zealand dollar expanded their weekly decrease reaching a 1.3% fall this week. The Reserve Bank of New Zealand stated that the introduction of monetary stimulus measures is necessary for the inflation increase, in Australia the inflation is below the targeted level. The Aussie edged down to 0.15% versus the US dollar, the kiwi managed to pick up 0.23%.

The yuan advanced 0.06% against the greenback. The economy of the country has been gradually recovering and we expect that the currency rate will stay quite stable. The interest rate cut is unlikely at the moment which triggered the fall of indexes. The CSI300 slipped to 0.6%, the Shanghai Composite slid 0.7%. In Hong Kong the Hang Seng dropped by 0.5%.

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NewForex Analyst

Luigi Campo

Forex News from NewForex: Pound tumbles after low PMI data

The pound sterling declines in the trading on Friday, July 22, after the release of fresh economic data from the UK. The pair pound/dollar stands at 1.3186 (-0.35%). The immediate level of support is seen at 1.3061 (a low of July 20), the level of resistance is at 1.3313 (a high of July 18).

Preliminary PMI data in the manufacturing sphere for July decreased from 52.1 to 49.1 with the forecast at 50.0. The service sector fell from 52.3 to 47.4 instead of expected 49.2. The latest data added more concern to the possible economic slowdown in the UK due to the decision of the country to leave the European Union. The pound slides against the euro losing 0.49%. The UK’s index FTSE shows a weak rise at 0.09%.

The Composite Eurozone PMI dropped from 53.1 in June to 52.9 in July outstripping the forecast at 52.5. Although the service sector declined from 52.8 to 52.7, it stays above the forecast as well. The pan-European index STOXX 600 shed 0.04%, the German DAX and the French CAC 40 demonstrate a slight rise at 0.03% and 0.27%, respectively.

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NewForex Analyst

Luigi Campo

[AnnaMon]

Forex News from NewForex: Oil prices decline amid growing data in the US

In the trading on Monday, July 25, oil keeps losing ground. Concerns over oil glut in the global market pull down black gold. Crude oil with the delivery in September dropped by 0.59% to $43.93 a barrel. On Friday oil slumped to $43.74, a low since May 10.

The number of drilling rigs in the US descended by 14 last week to 371 which is the fourth weekly decrease in a row. Gasoline inventories rose by 0.9 mln., while market participants expected a tumble by 0.8 mln. barrels. In total US oil inventories shed 2.3 mln. barrels last week. However, in spite of this 519.5 mln. barrels perform a historic high for this season.

In the Mercantile Exchange in London Brent with the delivery in September slid 0.61% to $45.41 a barrel. On Friday the raw material edged down to $45.17 hitting a 2-week low. Last week Brent slipped to $2.23 or 4.03%. High probability of export increase from Libya and Iraq triggers concerns as it might lead to the market glut and decrease in demand for oil among refiners.

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NewForex Analyst

Sara Rosenstein

Forex News from NewForex: Euro gains against the main currencies

European markets advance after the release of upbeat data from Germany. Although the Business Climate of Germany slumped from 108.7 to 108.3 this month, it stands above the forecasts of economists. The pan-European index STOXX 600 surged 0.53%. The UK’s FTSE climbed 0.02%, the German DAX added 0.96%, the French CAC 40 rose 0.59%.

Global shares increase after the announcement of G20 Finance Chiefs about the readiness to implement necessary measures to boost the global economic growth.

In spite of the rise of the euro against the buck by 0.12%, the single currency remains at a 1-month low against the greenback. The immediate level of support is seen at 1.0908 (a low of June 24), the level of resistance stands at 1.1042 (a high of July 22). The pair euro/pound picked up 0.23% to 0.8376. The single currency jumped 0.24% against the yen to 116.58, against the Swiss franc it gained 0.14%.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Gold slightly rises amid Fed policy meeting

Gold trades warily in the trading on Tuesday, July 26. Starting the day with a decline the precious metal managed to change its direction and rises. Gold futures with the delivery in August surge 0.12% to $1.321.10 a troy ounce. Spot gold added 0.53% to 1.322.16. Silver futures with the delivery in September pick up 0.45% to $19.735.

Intentions to introduce extra monetary stimulus measures by central banks of Europe and Asia in order to mitigate consequences of Brexit lend support to metals.

Meanwhile, the market is in the anticipation of the results of a 2-day Fed policy meeting. Although market participants do not expect any interest rate hike this week, they are going to pay close attention to subtle hints about the nearest hike. Recent positive data from the US indicate that the rate hike might be earlier than by the end of the year.

At the moment the dollar index slid 0.34% to 96.94.

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NewForex Analyst

David Fineberg


Forex News from New Forex: Greenback slips against the euro and the yen

In the trading on Tuesday, July 26, the US dollar edges down versus the main currencies, investors are in the anticipation of the Fed’s meeting today and its results tomorrow.

The currency instrument euro/dollar climbed 0.07% to 1.0998. The greenback shed 1.30% against the yen to 104.39, a low since July 14. The yen advanced after the information that the Japanese government is going to implement a direct fiscal stimulus in 6 trillion yen ($56 billion) in the coming years, while the market expected more considerable inflows in 10-20 trillion yen. The indexes Nikkei, JPX-Nikkei Index 400 and Topix dropped by 1.4%.

The Australian and the New Zealand dollar gain 0.75% and 0.96, respectively. The trade balance of New Zealand narrowed from $358 million in May to $127 million in June. Export climbed in the country to $4.26 billion in June, while import dropped to $4.13 billion.

European markets trade in mixed ways, investors fix their profit and wait for the decisions of central banks in Europe and Asia this week. The pan-European index STOXX 600 gained 0.02%. The UK’s FTSE surged 0.20%, the German DAX advanced 0.29%, the French CAC 40 shed 0.05%.

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NewForex Analyst

David Fineberg

[AnnaMon]

Forex News from NewForex: Yen falls against the dollar and the euro

The Japanese Prime-Minister Shinzo Abe intends to allocate 28 trillion yen to support the country’s economy. The program includes 13 trillion as fiscal measures. Japanese economy faces pressure due to the demand contraction abroad. The growth of the yen in 2016 makes the goods produced in the country less attractive, which endangers export in Japan. Abe claimed that it is necessary to support domestic demand and make the economy steadier.

Investors are in the anticipation of the Bank of Japan meeting this Friday where it might be decided to cut the interest rate from −0.1% to −0.2%. The bank might also extend stimulus measures.

Today the currency instrument dollar/yen jumped 0.80% to 105.48. Euro/yen gains 0.90% to 116.01. Japanese indexes reacted with a rise after the speech of the Prime-Minister. The Nikkei picked up 1.7%, the Topix added 1.1%, the JPX-Nikkei Index 400 edged up 1.2%.

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NewForex Analyst

Michael Butnitsky


Forex News from NewForex: Oil and gold decline

Oil loses ground in the trading on Wednesday, July 27, markets are in the anticipation of weekly oil stocks in the US. Crude oil WTI with the delivery in September shed 0.65% to $42.64 a barrel. On Tuesday black gold slumped to $42.36, a low since April 20. Brent oil descended by 1.23% to $44.32. Raw material slid around 15% since the start of June, high oil stocks push prices down. We assume that in the short term the decrease will continue due to oil glut.

Gold tumbles as well, the main reason is strengthening of the US dollar before the release of Fed’s policy meeting results over the interest rate. It is highly likely that the interest rate will remain unchanged till the end of summer. Spot gold trades with a slight rise at 1.320.29 (+0.03%). Stocks of the precious metal in the largest EFT-fund SPDR Gold Trust edged down to 0.45% to 954.24 tonnes. Spot silver trades flat at $19.614.

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NewForex Analyst

Michael Butnitsky

[AnnaMon]

Forex News from NewForex: Aussie and kiwi surge after the Fed’s report

The Australian and the New Zealand dollar advance against the greenback after the Fed’s decision to keep its policy unchanged. The currency instrument AUD/USD added 0.69% to 0.7542. Kiwi/dollar picked up 0.42% to 7.7102. The Fed’s decision to hold the interest rate unchanged was quite predictable. It was mentioned in the report that economic risks have decreased in the country and the labour market got stronger. Thus, in the short-term we might expect the interest rate hike in September.

Commodity currencies gained amid the rise of oil prices, although oil glut keeps exerting pressure on black gold. WTI futures picked up 0.26% to $42.03 a barrel, Brent lost 0.25% to $43.36. The Canadian dollar edged up 0.36% versus the buck to 1.314. At the moment the dollar index slipped to 0.35% to 96.41, a low since July 15.

Japanese and Chinese markets decline. The Japanese Nikkei took a break after a rise amid strong positions of the yen. The index shed 1.1%. The Topix and the JPX-Nikkei Index 400 edged down to 1.1% too. In Hong Kong shares descend due to the fall of energy and financial shares. The Hang Seng slid 0.2%, the China Enterprises Index tumbled 0.4%.

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NewForex Analyst

David Fineberg

Forex News from NewForex: Sentiment of the European market improves

The European market moves up and down after the Fed’s decision to keep the interest rate unchanged. Investors are in the anticipation of the Bank of Japan decision over the interest rate. The UK’s FTSE shed 0.19%, the German DAX added 0.01%, the French CAC 40 tumbled 0.12%. The pan-European STOXX 600 loses 0.3%.

The economic sentiment of Eurozone improved in July in spite of some negative forecasts of economists due to consequences of Brexit. The business climate rose from 0,22 to 0,39. The industrial confidence index advanced from −2,8 to −2.4. Consumer confidence index remained unchanged at −7.9. The sentiment in the service sector jumped from 10.9 to 11.1.

The UK economic sentiment dropped from 107.0 in June to 102.6 in July with losses in all leading sectors. The largest fall is seen in the consumer sector. The consumer confidence index fell from −1.2 in June to −9.2 this month.

The pair euro/dollar stands at 1.1084 (+0.26%). Euro/pound climbed 0.72% to 0.8423.

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NewForex Analyst

David Fineberg

[AnnaMon]

Forex News from NewForex: European indexes rise after fresh data on Eurozone

European markets display positive dynamics in the trading on Friday, July 29. However, the increase is quite moderate as investors estimate the decision of the Bank of Japan to keep the interest rate unchanged at −0.1%, while a lot of market participants expected a descend to −0.2%.

Today the pan-European index STOXX 600 advanced 0.57%. The UK’s FTSE picked up 0.03%, the German DAX added 0.62%, the French CAC 40 climbed 0.21%.

Latest data on economic situation in Eurozone lends support to the market. The GDP of Eurozone in the second quarter dropped from 0.6% to 0.3%, which complies with forecasts. The unemployment rate in June remained at the level 10.1%. The preliminary consumer price index for July rose year-on-year from 0.1% in June to 0.2% this month. The core CPI, which excludes food, energy, alcohol and tobacco prices, remained at 0.9%.

Currently the currency instrument euro/dollar edged up 0.22% to 1.1099. Euro/pound surged 0.19% to 0.8426.

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NewForex Analyst

David Fineberg

Forex News from NewForex: Oil and gold prices tumble

On Friday, July 29, oil futures hit a 3-month low. Obviously oil glut contributes to the negative sentiment in the market. WTI futures with the delivery in September dropped by 0.95% to $40.75. Brent shed 1.5% to $42.06. It was reported this week that US oil inventories rose by 1.7 million barrels to 521.1 million barrels which presents a historic high for this summer.

Gold loses ground as well in spite of decisions of the Bank of Japan and the Fed to hold the interest rate unchanged. Today gold futures with the delivery in December slid 0.03% to $1.340.80 a troy ounce. The immediate level of support is seen at $1,330.10 (a low since July 28), the level of resistance stands at $1,356.90 (a high since July 12). Spot gold edged down to 0.1% to 1.334.16.

Silver futures with the delivery in September tumbled 0.55% to $20.085 a troy ounce whereas silver spot declined by 0.53% to $20.04.

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NewForex Analyst

David Fineberg

[AnnaMon]

Forex News from NewForex: Fundamental analysis of gold
This year gold rose almost 25%, having reached its highest level of $1.375.25 (since March, 2014) after Great Britain left the EU. The price tumbled amid the news that USA economy gains strength.

The positive analytics from the USA about employment shows good perspective for the world’s largest economy and may exert additional influence on the gold price.
More strong data on jobs in nonagricultural sector gives the Fed more freedom to raise interest rates what may decrease the gold price in the short term.

The price of gold slid $7 to 1341. Now it is not able to rise higher as traders still do not know what move the Fed will make. Some traders discuss a possible rate hike in September while others talk about its decline.

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NewForex Analyst
Luigi Campo

[AnnaMon]

Forex News from NewForex: Fundamental analysis of European currency

One of the main economic news on August 24, 2016 was the release of Germany GDP data. Following this information, the Euro slids versus all currencies as the negative sentiments spread.
Due to the unusual liquidity flow of EUR/USD, Common European Currency strengthened during the US session.
However, discarding the influence of the dollar, we can observe that the Euro is facing the negative impact of the fundamental factors.
The most significant event today is the updating of Germany GDP data for the second quarter. The expected record growth of 2.2% is confirmed.
However, the real problem refers to the future trends, not to the previous indexes.
As expected, export (8.2% of growth) and investment in construction (5.2%) played the key role in GDP growth.

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NewForex Analyst
Joseph Schwartz

[AnnaMon]

Forex News from NewForex: Fundamental analysis of American currency

Today the most significant economic news affecting the Forex market quotes, is publishing of data on the real estate sale in the primary market of the United States. If positive statistics are released, it will mean the readiness of citizens to spend considerable sums to purchase of the real estate, which proves their confidence in economic situation. This year new build sales increased by 31% and verged to 654.000 houses a year. This is a good indicator. It is possible to estimate in such conditions both the growth of incomes, and the GDP increase in the United States. NewForex analysts believe that this fact will push the Fed to increase interest rates in the current year. Most likely it will happen after the presidential elections at the meeting on December 14. Taking into account that financial markets consider not only the facts but also rumors and expectations, we can assume that the decision on the intermediate-term selling of EUR/USD can be made today. The data on actual sales result of houses will be published in the afternoon. According to our forecast, we will see the better statistics than expected. Considering this, we advise to sell the pair EUR/USD.

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NewForex Analyst

Joseph Schwartz

[AnnaMon]

Forex News from NewForex: fundamental news from US

The FOMC meeting in September will be held less than in a month. Next week the market will get a large block of macroeconomic statistics that can considerably affect expectations about the next actions of the regulator. First of all, two interesting events are expected next week: the publication of U.S. GDP data for the second quarter and the speech of Federal Reserve Chair Janet Yellen at the annual symposium in Jackson Hole. Investors should be careful, because the attention on Yellen’s speech may cause increase in the volatility of the market.

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NewForex Analyst

David Fineberg

[AnnaMon]

Forex News from NewForex: Negative data on the British currency

NewForex analysts suggest to enter today into a short position on GBP/USD. First, there is a reason to expect good data on the private consumption expenditures in the US in July. This index has a strong impact on the currency market. It will strengthen the American currency, which will decrease the dollar in its turn. Second, the credit markets give us a clear signal on the decline. The fact that the yield of the UK ten years government bonds tumbles against its counterparts in the United States.This increases the demand for the American currency. And this fact leads GBP/USD to decrease.

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NewForex Analyst

Michael Butnitsky

[AnnaMon]

Forex News from NewForex: Oil shortage on world markets is not observed

Oil traded positively during the Asian session. However, it is too early to say about a trend change. According to news agencies, the U.S. oil reserves gained last week again. According to Platts inquiry, the growth of oil reserves to 0.6 million barrels in the market is expected. Iraq increases production, but Saudi Arabia actually denied previous statements on the freezing of production. Perhaps the problem is in the position of Iran, which carefully insists that partners in OPEC should respect the aspiration of Teheran to regain market share. It should be noted that the previous agreements between the government of Nigeria and rebels, at the moment are observed. This gives a reason to consider the growth of crude oil exports from the country. Libya also shows a positive progress in the regulation of internal differences, which also provides an opportunity to stabilize the process of unlocking the marine terminals. The stoppage of these objects was one of the main reasons for the decline of daily oil production in the country. All these factors indicate that the potential for prices growth is not observed yet.

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NewForex Analyst

Joseph Schwartz

[AnnaMon]

Forex News from NewForex: Fundamental analysis of canadian currency

Canada's economy was in a difficult situation up to the present time. Regular decrease of quarterly GDP, led eventually to worse indicators over the last 7 years. The disruptions in production and export of oil as a result of the forest fires were the reason of this. Although this year the analysts admit a renewal of the situation. Over the past year, GDP edged down to 1.6%. This rate was higher than the market expectations. But economists were pleased with data published on Wednesday. It indicated that since June the economy resumed growth. (+0.6% for the second quarter). The Bank of Canada expects a continuation of growth in GDP in the third quarter. All of this can be considered as a positive aspect for the Canadian dollar and its strengthening can be expected.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Market is waiting for the employment data from the United States

Today the attention of all the players in the Forex market will focus on the release of employment data from the United States. Representatives from Bloomberg announce the growth in the number of jobs to 175 000 in August. On this basis, the unemployment rate in the States will reach 4.8%, which is 0.1% less than in the last month. Likely range of published data is from 125000 to 220,000 jobs. Recall that in July the number of new jobs reached the level of 255000. Proceeding from the forecast and considering the upcoming news, one can make a decision of entering a trade.

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NewForex Analyst

Luigi Campo

[AnnaMon]

Forex News from NewForex: OPEC made a new oil production record

In August, the volume of OPEC crude oil production rose by 40 thousand barrels compared to the past month. This is the highest rate of growth in recent months. Overall oil production by OPEC countries during the reporting period amounted to 33.5 million barrels per day. Production increased in Iraq, Kuwait, Saudi Arabia and the UAE. Official data from OPEC on the volume of produced oil will be published on 12 September. If demand does not rise along with the increase of production, then we will see a reduction in the cost of oil on world markets. It turns out that the talking about a termination of production volumes increase do not have any sense.It is unlikely that countries will come to agreement. Although it is possible that they did not set themselves such a task. Given these facts, NewForex analysts can predict a decline in the cost of crude oil in the medium term.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from NewForex: Fundamental analysis of the American currency

The us dollar is still trying to strengthen. The dollar updated today the minimum around 1.1138 in pair with the European currency, as the effect of negative news from the U.S. Department of labor comes to naught. Last Friday data on the number of jobs created in the United States was released. For August, this number amounted to 151 thousand, although around 180 were expected. At the same time, the growth rate of the average wage decreased from 0.3 to 0.1%. This reduced the probability of rate hike in the United States. These factors conduce to the strengthening of the US dollar, and at the same time, to the decline of the pair EUR/USD.

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NewForex Analyst

Aaron Kaufmann

[AnnaMon]

Forex News from New Forex: The market is waiting for data from Germany

Today an important report on the results of the ZEW research in Germany will be published. It is important to remember that if index value is higher than expected it should be taken as bullish for the EUR, while a lower than expected should be taken as bearish for the EUR. The expected value of the index is 1.8.

As we remember previous ZEW data from Germany showed the size of the fall in German economic sentiment in July. It fell more than expected to −6.8.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Market participants are waiting for the EIA report about oil resources

Market participants are expecting important weekly EIA report about oil resources in the United States. These data can greatly affect the price of the american currency. Today in the expectation of this report oil prices are rising after sharp fall yesterday.

Future meeting of the OPEC in Algiers in late September will also have a big effect on the price of oil. OPEC members plan to revisit the restriction of oil production. At the previous meeting they were unable to make this decision because of the refusal of Saudi Arabia to sign an agreement without Iran’s participation.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: The Australian labour market is weakened

The Australian Bureau of statistics has published a report on employment in Australia for last month. According to the report the rate of change of employment in August decreased. The labor market remains weak. This is an indication that the economic situation in the country is getting worse.

Against to positive expectations the number of employed decreased on 3.900 to 11.963.700. At the same time the number of economically active population in Australia in August decreased by 0.2% to 64.7%.

Published low rate could generate a bear market for the AUD. Given these data NewForex analysts consider that we should expect that in the future the Reserve Bank of Australia will lower interest rates and Australian dollar will be weakened.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Market participants await US data

Today a report about the size of the base consumer price index in the US in August will be published. This is the main way to measure changes in purchasing trends and inflation in the country. As we remember the basic consumer price index in July rose only 0.1% which was below the expected increase of 0.2%. Yet again there is the expected level of 0.2%.However, as we have seen in last month forecast can not be confirmed. As the dollar is in an unstable state these data will affect the currency price. The data above the expected will form a positive direction for the USD and disappointing data will create a negative market for USD.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: US oil reserves have declined

Data published yesterday by EIA about oil resources in the United States did not confirm the expectations. These data showed a decrease of 6.2 million barrels of oil from the previous month. While its growth by 3.2 million barrels of oil was expected.

The market participants attention is drawn to future meeting of the OPEC in Algiers in late September. This meeting will also have a big effect on the price of oil. OPEC members plan to revisit the restriction of oil production. At the previous meeting they were unable to make this decision because of the refusal of Saudi Arabia to sign an agreement without Iran’s participation.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Gold prices have decreased

Today the prices of gold have decreased after strengthening of the US dollar. On Wednesday there was a gold price hike after the fed’s decision to leave interest rates unchanged and the forecast for a less aggressive interest rate hike for the next two years. The dollar was under pressure after this data.

However, on Thursday came out strong statistics on the US labor market. For a week the number of applications for unemployment benefit in USA decreased on 8 thousand. While the growth was expected on 2 thousand. After these data, the dollar began to rise. This had a negative effect on the price of gold.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Oil prices rose

On Monday, 26 September, oil prices rose taking into consideration the growing expectations of the outcome of the meeting in Algeria. The weakening dollar also supported oil prices. So oil has recovered after sharp fall on Friday. This morning futures for oil of mark WTI rose in price by 0,74% and Brent by 0.73%.

On this week in Algeria will be held meeting of the OPEC. This meeting will also have a big effect on the price of oil. OPEC members plan to revisit the restriction of oil production. At the previous meeting they were unable to make this decision because of the refusal of Saudi Arabia to sign an agreement without Iran’s participation.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Market participants wait for US data

Today market participants are waiting for important reports from the United States. Data about U.S. CB Consumer Confidence in the current month will be published. Analysts expect the indicator to fall to a value of 99.0. In August it stood at 101,1 points. The index reflects the perception by Americans of the current economic conditions and the associated expectations.

The results of the debates had a positive impact on the dollar. Hillary Clinton performed better than Donald Trump.Investors interested in the victory of Hillary Clinton. Therefore, they are closely watching what is happening. The next debate will be held on 9 October.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Oil prices fell

Today, on September 28, during the trading session, oil prices declined. Futures on oil WTI have fallen in price to $ 44.66 per barrel. This is happening because of growing expectations of the results of the OPEC members meeting which will take place today. Yesterday the representatives of Saudi Arabia and Iran announced that the negotiations will be only a consultation not a decision.

The decline in oil prices was also affected by yesterday’s data from the American petroleum Institute. According to these reports crude oil inventories in the U.S. fell by 750 thousand barrels last week. Today market participants are also waiting for important news. In the second half of the day the data on oil reserves from the U.S. Department of energy will be published.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Oil prices are falling during trading on Thursday

Today, on September 29, during the trading session oil prices are falling as market participants questioned the decision of OPEC to limit oil production.Yesterday after the most anticipated meeting of the month the ministers announced the decision to restrict oil production from November of this year. According to preliminary data, the production will not be above the level of 32.50 million barrels of oil per day.

Additionally the U.S. Department of energy published yesterday a report on the decline of commercial oil stocks by 1.9 million barrels. These events put pressure on oil futures and form it today’s prices.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Gold is trading in different directions

Today, on September 30, during the trading session gold traded mixed. This occurred because of yesterday’s reports from the United States. This put pressure on the U.S. dollar. This morning gold futures showed growth and traded at a price of $1329. On Friday, market participants await the release of US data about the expectations and consumer sentiment, and business activity of the inhabitants. Information that major customers take money out of the Bank of Germany for fear of the possible fine has also supported gold.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Gold prices began to rise

Today, on Friday, October 7, during the trading session gold prices began to rise. However, the precious metal is still under pressure. This happens on the background of the fact that market participants expect higher interest rates in the United States. Today, market participants are waiting for an important report on employment in non-agricultural sector of America. Positive reports on the U.S. economy will strengthen expectations for a rate hike. But the dollar index rose by 0.43% against other major currencies. And on the background of positive news for the dollar, we see the growing pressure on gold.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Oil prices are rising

Today, on October 12, during the trading session oil prices showed growth. This happens on the background of expectations of discussion about the limitation of oil production. The price of oil Brent has risen in the morning by 0.48 % and WTI by 0.33%. There is the world energy Congress in Istanbul in these days from 9 to 13 October . Market participants expect that it will be a series of meetings between the leading countries which produce oil and there will be some clarity of understanding about the future of oil. As we remember, at the end of September in Algeria, OPEC decided to restrict oil production. But there are no specific limits for each country. All this must be clarified on 30 November on the official OPEC meeting in Vienna.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Gold prices suspended growth

Today, on October 14, during the trading session the price of gold suspended growth, which began on Thursday after weak data from China. Data about exports for the year fell by 5.6%, and the data about the import grew by 2.2%. These data contributed to the growth of gold. This morning the US dollar shows growth. The US dollar significantly strengthened before a potential rate hike. This puts pressure on gold. Today, market participants are waiting for important reports from America about retail sales and consumer sentiment. In addition, today is expected speech by fed chair Janet Yellen.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Forex News from New Forex: Gold prices are stable

Today, on October 17, during the trading session the price of gold shows stability. The US dollar strengthened and put pressure on gold. This happened on the background of good data from the US, which on Friday supported the US currency. The price of gold is dependent on the US dollar. The US currency strengthened in September on the background of the forecast of a rate hike in December this year. Today reports on U.S. industrial production and manufacturing activity in New York can have an impact on the American currency.

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NewForex Analyst

Sara Rosenstein

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Stock indices around the world are mostly in negative territory today, due to the growing yield of US Treasury bonds. It lifted the dollar higher nine-month highs after some positive economic data spurred expectations the growth of the Federal funds rate.
The global MSCI stock Asia-Pacific (excluding Japan) gave 0.3% due to the heightened interest in risk. At the same time, the Nikkei added 0.63 percent due to the weakened currency. Meanwhile in Australia composite S&P\ASX weakened by 0.22%. The yen retreated into defensive positions against other major currencies. The Australian dollar strengthened against the yen only.
In September, officials BoJ changed the strategy of monetary policy. In pursuit of 2% inflation by intention to control the yield curve they hold the yield on 10-year government bonds at 0%. But today, many economists think that this approach is not able to justify themselves in the environment where the yen is traditionally entrenched in the minds of investors as a tool for hedging financial risks.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: North America
Positive data from the United States including data from the labor market, housing sales, and data on manufacturing activity strengthened the prospects for the growth rates fed funds at the end of the year raising the yield of Treasury bonds.
Trading stocks wall street, respectively, have suffered because of the stronger near 9-month highs currency: Nasdaq Composite index gave up 0.65 percent and the S&P 500 and the Dow Jones losing 0.30 and 0.16%, respectively. The US dollar index is at the level of expanding 98.880 achieved 0.2% growth earlier on Thursday. In the weekly rate index added 0.3%, slightly ahead of its nine-month high. Canadian composite S&P/TSX added 0.18%, while the loonie is stable, strengthening against the Japanese yen, Australian dollar and British.
Markets focused on the upcoming presidential elections in the United States scheduled for 8 November. The major economic changes that expect the whole world can become relevant tax reform, support of course of expensive money from the trump or the policy of low interest rates (by Clinton), as well as a number of tangible changes in foreign economic and political activities. In addition today, we will see data on US GDP, which is expected by most economists, will show a satisfactory result.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

European stock continued to fall, reflecting weaknesses in the financial sector in the Euro area. Comparative IBEX in Spain, meanwhile, shows that the country is in a political standstill end and lost 0.6% after lawmakers agreed to represent the conservative, Mariano Rajoy, to a second term as Prime Minister. The index fell 4.2% this year.

The pan-European Stoxx 600 lost −0.5%. Capital is moving to Asian countries. Oil and gas index Stoxx 600 fell by −1.5% as the market revives fears that OPEC will achieve additional prospects for the initiative to reduce oil production. Such measures, as experience shows, so far only in the short term affect on excess supply, leaving the oil under the pressure of long-term depreciation of the assets.

Thus, today we can observe only a short-term burst of interest in the stock. It may be supported for some time by positive data from China, but it is more appreciably returning investment interest in risky assets.
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NewForex Analyst

Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

The largest Asian economy — China has published a report on manufacturing activity for October. They recorded the fastest pace of expansion performance of commercial and national businesses over the last two years. The report noted that the credit and housing boom stabilized the economy.

At the same time, the Bank of Japan provided a modest inflation forecasts. It is expected that this will significantly affect the stock market soon. It is also expected that the Federal reserve will leave monetary policy unchanged on Wednesday. Officials will use the next meeting to prepare the ground for raising interest rates in December.

The largest MSCI stock Asia-Pacific region outside of Japan today added +0.23%, mainly due to the fact that the Chinese data revived interest in to traditional assets. At the same time, the Japanese Nikkei 225 rose by +0.10 percent due to the weakened yen, which opened the prospects for the competitiveness of exporters.Stock indexes on wall street closed in negative territory due to the stabilised US dollar: S&P 500 lost −0.01% and the Nasdaq Composite and the Dow Jones lost −0.02 and −0.10%, respectively. Australia’s S&P/ASX eased on the-0.51% due to stronger Australian dollar, despite record low interest rates, fixed by RBA today, while the canadian S&P/TSX remained in expansion territory, up +0.01%.

The Japanese yen is trading weaker against most major currencies, while the greenback strengthened against pound, yen and European currencies. The Australian dollar remains the growth leader this week, trading above all major currencies. Canadian only slightly inferior to Aussie, and also strengthened against most currencies.
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NewForex Analyst

Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

European stocks are also showing signs of weakness, burdened by the outflow of capital, weak industrial activity and enhanced uncertainty about growth prospects after the elections in the United States. In addition, the production of drugs was significantly eased due to the fact that officials of the U.S. Congress called on Federal antitrust regulators to investigate possible price-fixing.

The pan-European Stoxx 600 fell 0.8 percent, while the Eurofirst 300 lost 0.79%, which demonstrates the largest weekly drop from February. The index fell amid growing interest in risk and trades near the lowest level in the last six months. The Euro is trading weaker against most currencies, but strengthened against the British. The Swiss franc is only slightly ahead of the Euro and British pound sterling.

Today the attention of global investors is fully committed to the presidential elections in the United States, which significantly undermines the interest of investors in traditional asset classes and already after the election we can expect some certainty in the future dynamics of the development of market relations between regions.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Asian stocks rose due to the weakened yen. The us dollar also began to grow from the growing interest in risky assets, as the FBI pointed out the lack of need to continue the investigation against Clinton. This significantly strengthened her chances of winning the presidential election tomorrow.

The extensive MSCI stock Asia-Pacific outside Japan gained 0.8%, while the Nikkei 225 was up 1.61%. At the same time, S&P/ASX in Australia rose by 1.35% and the S&P/TSX in Canada has lost 0.51%. Stocks on wall street showed signs of weakness due to a stronger U.S. dollar: S&P 500 slipped 0.17%, while the Nasdaq and the Dow Jones lost 0.24% each.

The Japanese yen is defending against a number of currencies, including the greenback and the Aussie, but it is harder than sterling, with the Euro and the Swiss franc, while the us dollar was beaten out in leaders of growth today. The Aussie strengthened against the currency basket, but it is still weaker than the American. Canadian currency rises against the British, Euro and the Swiss franc. Many investors believe unconditionally that now Clinton will win the election, which may serve as a stimulus for the growth of the American currency, considering strengthened interest to risk in the markets.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region

Stock markets in the Asia-Pacific region experienced a considerable rise today because of the growing investor confidence in the prospects for the victory of Hillary Clinton in the presidential election in the United States. The election results will become known tomorrow. We remind you that the FBI has closed the investigation against a democratic candidate and this has strengthened investor confidence in the victory of a more stable and predictable candidate.

The MSCI World index has not practically changed. It has retained a 1.6% increase from Monday. MSCI Asia-Pacific ex Japan added 0.3%, while Japan Nikkei 225 gave up 0.2% due to stronger hedges on the yen. Stocks of Wall Street demonstrate a raise today: S&P 500 gained 2.22%, the Nasdaq rose 2.37% and the Dow Jones edged up 2.08%. S&P/ASX in Australia and the Canadian S&P/TSX rose by 0.13 and 0.99%. The Chinese CSI 300 added 0.5%.

The Japanese yen has secured growth at the expense of investors that are hedging risks. It reached a leading position in relation to other currencies. The US dollar is only slightly inferior to the Japanese counterpart. The Australian and Canadian dollar traded lower than most major currencies and provides an increase in stock indexes. Tomorrow we will know the results of the presidential elections in the United States that is likely to support the bullish trend for the US dollar and the Japanese yen.
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NewForex Analyst

Alex Vergunov

Fundamental analysis from New Forex: Europe

Stock indices of Europe rose. It has experienced rising interest of investors in banking shares. The driver for this growth was the positive forecasts concerning the prospects of victory of the democratic candidate in the presidential election in USA, which can significantly improve the financial relationship between the States and Europe.

The pan-European Stoxx 600 has expanded by 1.5%, due to the growing interest in traditional asset classes that can experience the timely growth to stabilize political-economic relations between the major economic regions. Energy shares traded mixed due to stronger uncertainties in the prospects for further regulation of competitive conditions.

The European currency show mixed prospects: the U.K. currency unexpectedly began to rise after laying a restraining order for the initiative to start the procedure for exit from the European Union from the Prime Minister Theresa May. It was only delayed, but did not save the British from having to provide this economic-political maneuver. Euro leads in the fall that also served as a signal for growth stocks.At the same time, the Swiss franc experienced the growth of the banking sector and currency.
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NewForex Analyst

Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

European stocks have fallen today, cutting off prospects for growth received at the beginning of the week. The uncertainty of trade relations between Europe and the United States in connection with the Trump victory strengthened. This forces investors to use a hedging instruments before the situation is more or less clear. Overall retail ambitions of Trump will work for benefit of Europe.

The FTSE 100 in Britain lost 4.1% at the open, while the DAX in Germany slid by 4.3% and the CAC 40 in France is losing 4.2%. The pan-European STOXX 600 lost 0.32%. The Euro is a leader second only to the Japanese yen. The Briton has strengthened against its Australian and Canadian counterparts and the Swiss franc is also stronger than most currencies.

Trump officially won the elections in the United States. Now the global markets are waiting for any statements and actions which are able to disperse the uncertainty and to facilitate adaptation in the conditions of a new political and economic life. This would significantly change if believe in political-economic program of the Republican President
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

World stocks and the U.S. dollar has fallen today as unexpectedly strengthened prospects for Trump victory. Investors and political experts were not prepared for the devastating victory of the Republicans, who is now able to undermine the global political and economic stability.

Stock indices in Asia sustain significant losses. This is loosening the MSCI Asian Pacific ex Japan 0.3% and Nikkei 225 by 5.4% today. On wall street, stocks fluctuated but increased due to the prospects of loose monetary policy from Trump’s: S&P 500 rose 0.38%, while Nasdaq and Dow Jones industrial average added 0.53 and 0.40%. S&P/ASX gone negative zone at 1.92%, while the S&P/TSX in Canada has slightly increased by 0.03%, entrenched in positive territory.

The Japanese yen strengthened on the hedgers and collapsed the stock market. The U.S. dollar weakened against most of the main currencies, strengthening only against the Aussie and the loonie.It took up defensive positions against a basket of major currencies. Markets accompany Trump victory uncertainty in relation to monetary policy, trade prospects of the United States, as well as political relations with other countries. Later today, we expect average crude oil inventories from the Energy Information Administration. It will give some short guidelines on the prospects of a strengthening currency. We remind you that Trump defends the interests of trade and production, pointing to the need for easy monetary policy that could have a negative impact on the growth of the US dollar.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

European stocks rose after the Trump victory finding in his political program not only prospects for a reversal, but subsequent growth that was significantly manifested among drug manufacturers and the financial sector. A policy of incentives from the United States — probably what was needed by the markets last year.

The pan-European STOXX 600 rose 1.5% lost 2.4% at the open. He struck the highest level since October 31. In General, investors refocused their portfolios on the incentive policy, low taxes and boost trade and interest in traditional assets. This is evidenced by the consolidation of many stock indexes around the world.

The British pound is on the defensive position. But the European currency was trading above most others. Swiss franc strengthens against the British and the American dollar. The health sector expanded by 4.6% .Measurable increase in received non-ferrous metals as a means of hedging and traditional metals. It happened due to targeting a significant stimulation of global trade from the new administration.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Stock indexes in Asia rose, and turned around due to the fact that investors have had to adapt to the victory of the Republican candidate Trump in the presidential election in the United States. At the same time, the U.S. dollar weakened because of the growing prospects of orientation on expansionary policy from the new administration. In addition, a global economic Trump ideas was taken to advantage by investors, for example low taxes for manufacturers.

The MSCI index for Asian shares-ex Japan Pacific lost 2%, and the Nikkei 225 in Japan, on the contrary, turned out to increase almost 7%, after losing about 5 percent. Stocks on Wall Street are also on the rise: the Dow Jones rose by 1.40%, while the Nasdaq and S&P 500 gained 1.11%. The comparative S&P/ASX and S&P/TSX in Canada and Australia added ASX: +3.34% and lost TSX: +0.70% .

The greenback went on the defensive position while the Japanese yen leading the gains against the other major currencies. This does not prevent the national stock market to show significant growth. The Aussie strengthened against most currencies, as the Loonie traded lower the major currencies. Expectations in relation to cost increases and inflation affiliated with Trump and the yield on 10-year bonds jumped to 16-month highs to 1.87%.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

In Europe, indices are trading mixed, but generally go in the direction of the downward trend, answering the weakened metallurgical sectors, as well as the growing protectionist policies of the new President of the United States.

The pan-European Stoxx 600 lost 0.4 percent, interrupting a series of victories last week, added 2.6%, the best weekly result for the last 6 months. The energy index lost 2.1%, while the index of the mining sector lost about 2%, pointing to disappointing news from the OPEC, who do not see ways for a final solution to the problems of supply due to its regular contraction.

The EUR trades weaker than most of the main currencies, but it trades higher against the yen, while the Swiss franc received support from rising gold prices, the growing financial sector and the propensity of investors to hedge financial risks through the assets. The British pound is trading higher against the yen and the Euro, but below the other major currencies. In General, we must admit that the European markets have quickly adjusted to winning of Trump, and is already preparing for the first stages of his protectionist policies.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Asian stocks weakened on Monday. The U.S. dollar reached a nine-month high against a basket of major currencies, pointing to the prospects of inflation accelerating and expanding of budget deficits. It threatens the outflow of capital for many emerging markets.

The broad MSCI Asia-Pacific ex Japan lost 0.99 percent today, reaching six-month lows earlier on Friday. At the same time, Japan’s Nikkei gained 1.6% due to the weakening of the yen. Stocks of Wall street shows mixed results in closing: the Nasdaq added 0.54%, the Dow Jones up 0.21%, while the S&P 500 lost 0.14%.

The US dollar strengthened its leading position against other major currencies, while Japanese yen has gone on the defensive position. The Canadian dollar is trading higher against the yen, British and Australian, while the Australian dollar traded higher than most major currencies, second only to the American. 10-year treasury bonds rose to 10-month highs, breaking the yield up to 2.22%. In general, the long-term treasury bonds rises, undermining the investment appeal of emerging markets and opening up prospects for increasing trade competition from the United States.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

Stocks in Europe managed to show the potential to grow before hit a growth of yield bonds. Then it received a boost due to the outflow of capital from Asia. However, the markets soon focused on US bonds which showed a 2.25-percent growth in 10-year bonds. While the 30-year Treasury bonds rose more than 3.0%.

The pan-European STOXX 600 index rose about 0.3 percent. We remind that last week the index has added more than 2.5% on winning of Donald Trump. This victory should ensure a sustainable fiscal policy which is useful for cyclical shares affecting the utility sector, the banking sector and the real estate market. Shares of the banking sector, however, rose up 2.2%.

The European currency strengthened due to the growing bonds. At the same time, the Swiss franc lost popularity due to growing interest in risk. The pound sterling was kept more or less stable against a number of currencies such as Canadian dollar, Swiss franc and Australian dollar. The growth of bonds will continue for some time to stimulate interest in risk. However, in the medium and long term we expect a recovery in traditional asset classes. Also of interest to risk may hit after data on Germany’s GDP and the rate of inflation in the UK.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Dollar shows tangible prospects for growth received a boost from growth in treasury bonds. Despite the cautious mood in the Asian markets, investors are eyeing such opportunities as open up Bank shares in Hong Kong. In general the acceleration of inflation in the United States triggered capital outflows from Asian markets to European and American bonds.

The MSCI ex-Japan lost 0.84%, while the Japanese Nikkei 225 slipped 0.18%. Stock indexes on Wall Street closed mixed: the Nasdaq and the S&P 500 index lost 0.36 and 0.01%, while the Dow Jones rose 0.17%. Comparative S&P/ASX and S&P/TSX: −0.36 and +0.30-% . The US dollar was trading fairly steady today while the yen is hedging the risks of investors and the Canadian dollar and Aussie went into a defensive position.

The US dollar index reached a 13-month high. The rising bond yields of Europe and the United States supports the outflow of capital from emerging markets. Thus it is possible to expect acceleration of growth of dollar in the short term.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

Stock indices in Europe are trading weaker today. But it’s still near multi-month highs as it stepped on a weak predictions in the oil market caused by the resulting conflict of interests between the providers in respect of the volume of supply in the markets. The European currency is trading near the yearly highs.

The pan-European STOXX 600 erased earlier 0.23%. Cyclical sectors suffered today from profit taking. After the victory of the new President renewed hope for the growth stock, cyclical spikes in bond yields threaten to significantly limit it.

The Euro strengthened against the British, the Australian dollar and the yen. At the same time the pound is only slightly inferior to the single currency. The Swiss franc also stable. Currencies are traded in close proximity to many-month highs. Global markets subsided and separated from active purchases of US government bonds started in the beginning of the week. The profitableness on 10-year Japanese bonds remained stable at the level of 0.035%. Profitability returned to previous values after the Bank of Japan increased the supply of JGBs in the markets. Officials of the Central Bank stated in September that they will keep the benchmark profitableness of about zero percent.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

The U.S. dollar retreated from 13.5-month highs today after the yield on Treasury bonds declined, due to investors retaining the profits. Meanwhile, Japanese government bonds also retreated from the highs after BoJ put them on unlimited sale.

The MSCI Asian Pacific ex Japan gained 0.12%. This week, however, the index has already managed to lose 1%, due to toughening of monetary-credit regulation in the markets including the growing prospect of rising interest rates. This may lead to outflow of money from emerging markets. The Nikkei 225 lost 0.1%. This can be called a rather triumphant loss, after earlier the index suffered from a tangible increase in the yen. The Australian ASX gained 0.20% and the canadian TSX lost 0.16%. The US dollar index which measures the greenback’s strength against a basket of major currencies retreated from the highs 100.570 .

The U.S. dollar rose when the newly elected President gave the capacity to support a tight monetary policy. The Japanese yen went into a defensive position. CAD traded higher most major currencies, while AUD has weakened significantly against its competitors.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region

Stock markets in Asia weakened on Friday, accompanying the growth of yields of Treasury bonds of the United States. This has led to a rise in the U.S. dollar to more than one-year highs against a basket of major currencies. The prospects for accelerating inflation in the US has consolidated the investment activity in emerging markets, encouraging investors to interact with the risky asset classes.

The largest in the Asia-Pacific region outside of Japan, the MSCI index eased 0.4 percent and is seen near 4-month lows. Japan’s Nikkei 225 gained more than 0.5% today, due to the weakened yen contributed to the growth in business activity. Stock indexes on Wall street are rising: the Nasdaq rose 0.75%, while the Dow Jones and S&P 500 added 0.19 and 0.47%. The Australian ASX, Canadian TSX expanded by 0.39 and 0.63%, respectively, reflecting interest in raw materials.

The U.S. dollar leads to gains against other major currencies, while the yen took a defensive position. The Briton and Canadian stabilized and strengthened against most currencies. The rising bond yields also reflects the revaluation of the market prospects for investors amid growing probability of rate increases by the fed, although the Central Bank Chairman Yellen already told you that Trump elections had no impact on the goals of the Federal reserve system. However, expectations have changed from the CME Group and FedWatch shows approximately a 90% chance of a rate hike in December. The dollar rose 110.34 against the yen, it is highest level since early June. The Euro fell to $1.0620, indicating the lowest level in the current year. The US dollar index is seen at highest level since April 2003.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

Stock indexes in Europe are growing, picking up funneling emerging Asian markets equity and have support of weak currencies, expanding business activity in the regions. In some countries, Bank stocks fell, but in general are rising, reflecting investor interest in cyclical stocks.

The pan-European STOXX 600 index rose about 0.6 percent, while the European banking index rose 0.3%. Basic industries showed an increase of 1.6 pending the strengthening of commodity prices. This contributes significantly to today’s policy of the new President designed to strengthen the development initiatives of infrastructure projects.

The European currency weakened against most other competing currencies. The Swiss franc is stable and is trading above most currencies. And the British pound sterling is still weak and indicates a weak investment and business activity in the region due to growing uncertainty about future scenario of the UK.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region

Shares of Asia-Pacific region are trading weak today after the increase in US yields has undermined growth of markets with emerging economies triggering the outflow of funds from the regions. In the result the emerging economies are dumping their assets while growing the US dollar opens broad prospects for aggressive monetary initiatives of the fed in the coming month.

The widest index of MSCI in securities of Asia Pacific without Japan lost 0.1% and trades near six-month lows. Nikkei 225 gained 0.4% on weak yen, and jumped to 11-month highs. Shares on Wall street also weakened: the Dow Jones lost 0.19%, the S&P and the Nasdaq lost 0.24 and 0.23%.

Many emerging market currencies remain under pressure due to fears of investors that their money can return back to the US. The Malaysian ringgit came to a 14-month low while the Philippine peso reached a low of 2008. The US dollar strengthened in mid-year highs against the yen, which is on the defensive position today. Aussie is seen near five-month lows. The Canadian dollar received support from the reversal of energy prices and is trading above all major currencies today.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

In Europe, stocks lost value on Friday, but they are recovering today. On Friday investors’ activity was limited due to the interest in cyclical shares and undermined by a drop in shares of miners and power engineers.

The pan-European Eurofirst 300 index lost about 0.5% but in general this shows good prospects for growth for the past two weeks. This is largely due to the newly elected US President who wants to increase spending on infrastructure projects. The index of the banking sector in Italy fell 2.5% to its lowest level since October 5. This happened because of the burdened constitutional referendum in the course of which can be removed reformist government of Renzi.

The single European currency is stable today. But it is still close to 12-month lows against the U.S. dollar. The Swiss franc is increasing due to growing interest in European financial shares. The British pound weakened against most major currencies. Despite infrastructure plans for the new US President which can raise the price of the metals, their prices can significantly be affected because of the dollar rally. So investors have become more careful to growth of Outlook European equities under the influence of the American President.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region

The expectation that the administration of the new President will adopt expansionary fiscal policy leads to an increase in US shares to record levels. It pushes up inflation and expectations of rising interest rates and bond yields and the dollar. On Monday, US stocks closed at a record high.

Investors can't bother the earthquake in Northern Japan. The Nikkei remained stable and the yen was weakened to the dollar at around five-month lows. If the manufacturers have stopped operations in their factories in the regions investors would react. But now the impact of the earthquake is limited. The overall trading volume was low ahead of the Thanksgiving holiday in the United States and also on expectations of rise in US rates is already factored in by markets.

The main indicators have reached record levels while the post-election activity still holds. Easy weakness of the dollar has boosted gold by 0.3%. In general, the price of gold fell by 10% following the results of elections of the United States. Emerging market currencies recovered some of the losses. The Chinese yuan rebounded from near 8-year lows. The markets are rising, volatility levels recede. CBOE volatility index fell 3.4%. Investors invest in traditional assets.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

European shares rise today as investors are set to work with traditional assets. The US dollar weakened slightly. The economic activity of this kind may accelerate inflation in some regions. Hopes on the growth of the commodity sectors due to the infrastructure initiatives of the new President attracted investors to cyclical shares these days.

The pan-European Eurofirst 300 rose 0.4 percent on Monday, adding about 0.6% last week. In general, the markets are stable and there are expectations of further fiscal stimulus by the ECB which shows their results with some side.

The single currency strengthened against the Swiss franc and the Japanese yen. The British pound strengthened against most major counterparties. The Swiss franc is trading weaker against most major currencies today. Constitutional referendum in Italy next month could trigger instability in the region and shares of local companies.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

European shares are trading mixed on Wednesday, showing signs of stability in some industries. Basic industries and cyclical stocks received significant impetus to growth.
You can see diverse opportunities for major stock indexes throughout Europe including Britain. British FTSE has opened in negative territory with a loss of 0.2% while Germany’s DAX added 0.1% and the French CAC of 0.01%. The Stoxx 600 lost 0.07%, after rising the previous two sessions. The European index of basic industries grew by 1.3% after having reached its highest level since mid-2015 amid rising prices for precious metals.
The single currency lost 0.1 percent against the U.S. dollar, reaching the lowest level in two years earlier. This month the Euro depreciated by almost 4% against the other major trade-weighted currencies. The British pound meanwhile strengthened and presses on the stock market amid heightened interest in risk. Europe still relies on fiscal stimulus, which will help to establish the infrastructure and increase the cost of the shares of basic industries.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Asian stock indexes were affected on Thursday because of the new wave of positive data from the United States to expand the prospects for tightening of monetary policy next month. The yield of the sovereign bonds in the United States significantly increased, breaking multi-year highs.
Equity markets in countries with developing and a developed economy are moving in different directions after the victory of the new President of the United States. The capital flow away from emerging markets to the United States. The MSCI ASIAN-PACIFIC lost 0.41%, due to the shift of investment prospects in the direction of the United States. At the same time, Japan’s Nikkei rose 1.1% secured by the weakened yen. The Australian ASX is up 0.12%, while the TSX in Canada has lost 0.13%.
The yen was trading weak against most major currencies while the dollar rose 0.1 percent against the Japanese currency, strengthening at the level of 112.645, slightly pulling away from early highs. The dollar index against its major rival currencies rose 0.1% and it is close to the level of more than 13-year highs.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region

Asian shares rise in global markets. Dollar retreats shares giving US a chance to resume the climb. The Japanese government announced the strengthening of investment activity in the region of $20.9 billion for the July-September quarter. Strong manufacturing and consumer data from the United States strengthened the arguments in favor of higher interest rates.
The MSCI index showed an increase of 0.3% while the Nikkei rose to the highest levels since January. The index is held on a weekly gain of 2.8% and increased 7.6% since election day in the United States. TSX in Canada, −0.04%, and the ASX in Australia +0.41% today. The rise of return on the bonds contributes to capital flight from emerging markets. The yield on 2-year treasury bonds jumped to 6-1\2-year high of 1.1630. 10-year bonds have hit a 16-month max 2.417% this week and remain near 2.4057 today.
The U.S. dollar rose to eight-month highs against the yen and 0.3% compared to yesterday’s closing level 113.67. Only the dollar rose by 2.5% against the yen this week. It is also expected that Japanese consumer prices fell in October, will get the rebound because of the weaker yen will increase import bills. The dollar index rose 0.5 percent this week and nearly 4% since 8 November.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

In Europe, markets are rising today because the main areas were mixed with growth in the field of metals and mining companies with significant losses in telecommunications and alternative energy industries.
However, the European stock indices closed on a positive note with growth in the pan-European Eurofirst 300 is 0.3%. Oil prices remain steady as investors await the OPEC meeting next week. In the course of this meeting can be taken to limit the scope of proposals. This will lead to a rise in the stock price.
The single currency fell to its lowest level since March 2015 but rebounded 0.2 percent today to $1.05685. Wall street was closed for Thanksgiving. The Swiss Krone is stable but it was significantly affected by the fact that gold remains under pressure these days, retreating 0.6% to $1.17606 per ounce. This is 2.6% less than last week. The British pound is trading weak and has only strengthened against the Japanese yen. But in Britain, we are waiting for the GDP report which can reflect the health of the market at the moment and clarify investment prospects.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

Stock markets in Europe are showing signs of weakness mostly due to the banking sector. It is weakened because of the world’s oldest Bank Monte dei Paschi in Italy, which raises concerns in relation to the entire banking sector of Europe.
The pan-European Euro Stoxx 600 lost 0.8% to 339.83. The index of regional banks closed with losses of 1.8% showing the biggest losses among industries. Oil prices remain weak as investors await the OPEC meeting. While Saudi Arabia announced it will not be able to attend this meeting. Industrial goods are rising amid Chinese demand both in real and speculative value.
EUR is stable and it is trading above the JPY and AUD. GBP and CHF also showing competitive dynamics relative to other currencies. In general there is deepening uncertainty in relation to global trends in the markets today. This is forcing investors to diversify risk through the acquisition of different asset classes. Political risks have kept the Euro stable despite the early rollback of the dollar. The European single currency traded at $1.0606 after failing to reach an 11-day high of $1.0686.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

The dollar moves to the strongest two-month gain since the beginning of 2015, underpinned by expectations that the fed will raise interest rates in the coming month. However the greenback weakened against its earlier results because of profit-taking from investors.
Australian stocks rose 0.1% and the Canadian lost 0.4%. The Asia Pacific MSCI Index fell by 0.2%. Industrial metals extended rally, provoking the long-awaited inflationary impulse in the world economy. Futures for iron ore in China rose to the highest level since the beginning of 2014. Zinc touched a nine-year highs before closing at five. Stock markets of Wall street, meanwhile, has been significantly weakened with the losses from 0.28 to 0.56% on the basic indexes.
The yield on two-year Treasury bonds reached the highest level since the beginning of 2010. Dollar moves higher against the yen at the level of 112.18 but profit-taking pulled it down to 111.58. This indicates a 7% growth of the dollar against the yen this month. In commodity markets investors are awaiting the meeting of OPEC. But the absence of Saudi Arabia doubt that the producers will be able to negotiate a reduction in the supply.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region

More than $16 billion flowed from emerging markets within two weeks after elections in the United States although stock market data in India, Indonesia, Thailand and South Korea point to the possibility of slowing the outflow. Today, Asian markets are generally stable although Chinese stocks are undermining the general trend on the background of how the Chinese Central Bank is trying to stimulate economic growth.
The MSCI regional index outside Japan showed an increase of 0.2% while the Nikkei 225 in Japan rose 0.1%. The Australian ASX, Canadian TSX lost 0.3 and 0.1%. Ten-year US treasury bonds rose to 2.42% last Friday. The curve reflecting the gap between the yield on ten-year and two-year bonds exceeded 20 points in the last three weeks.
In FX markets, the rise of the US dollar capped ahead of crucial economic data from the United States. The greenback added 7% against the yen and 3% against the Euro. This comes amid expectations of the increase in budget spending, accelerating inflation and tightening monetary policy in the coming month. However, NewForex analysts tend to assume that further growth of the dollar will be severely limited. The package of crucial economic data from the US could further strengthen confidence in the currency. However, here already the investors can exercise in front of over record levels.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

European markets rise amid unfolding trends at the regional banks mainly in Italy. And this is due to the significant increase in medical and technology companies in Switzerland. Some of them reached record levels of capitalization these days.
The pan-European Stoxx Europe 600 rose more than 0.3% after the ECB returned the investors ’ confidence that the regulator will be able to support the Italian referendum and to restrict deflation of the currency. Italian banks grew from 3% to 6% on this news. And the world’s oldest Bank Monte dei Paschi rose more than 17% today confident of avoiding the threat of ruin.
The European currency is unstable and may be affected by the intentions of the ECB to increase incentive spending. The Swiss franc and the British pound sterling also hold the Fort against a basket of major currencies. Earlier, the European Central Bank stated that is willing to limit the growth of sovereign debt of Italy at the time of the referendum by purchasing Italian bonds. At the same time, we expect data from the labor market in Germany and a pan-European report on the consumer sentiment and ECB President Draghi. This can guide in the prospects for monetary policy of the regulator.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Forex News from New Forex: Technical analysis of EUR/USD

On Thursday this currency pair trades with small lowering, remaining within support levels at 1.0518 and resistance at 1.0633. It is necessary to notice that slow development of this market which has been observed from last Friday to the middle of the current week stopped. Since Asian trading session and till the present moment we can observe consolidation of the price near the level of 1.0600, that is determined by such term as flat or a sideway. On the four-hour chart, exponential sliding averages with the period of 20 and 55 days were crossed down yesterday and today, they are drifting together. The histogram MACD continues to cling to a zero index, remaining below the signal line that gives a weak hint on the potential of a small bear market in the short-term
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NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

After a small improvement at the end of last and the beginning of the current week this currency pair continues to grow in the long-term prospect.On the day chart, the histogram MACD was a little slowed down, having fallen below the signal line which tells about a small weakening of bull potential of the market, however the Stochastic oscillator gives an accurate signal for purchasing and the %K line is above the %D line. In the short-term prospect, judging by the four-hour chart, it is possible to speak about a small correction in the market which preserves the current trend. The histogram MACD is in a positive zone and remains above the signal line. Stochastics, in its turn, gives an accurate sell signal, taking into account a correctional movement of the market in the short term (the %K line lower than the %D line). Meanwhile, quotations on this currency pair remain within the closest levels of support — 113.24 and resistance — 115.73 with moderately bull indicator of an index trend.
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NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of NZD/USD

This market has been growing for two weeks in a row, with a small correction during the yesterday’s trading session.Today, the pair resumed its growth meanwhile it is being traded within the closest levels of support at 0.7025 and resistance at 0.7127 which, as we hope, will be overcomed.On the four-hour chart the oscillator Stochastic left an oversold zone and goes up.The histogram MACD was slightly slowed down, continuing «to win back» yesterday’s correction, however it remains in a positive zone which in total with an accurate signal on purchasing the Stochastics allows to assume preserving of the current trend in the short term. It is also necessary to consider that the price remains above the Ichimoku line which tells about the profit of this market’s bull potential.
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NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region

The Organization of Petroleum Exporting Countries decided to cut down an offer amounts in the markets once again, even in spite of the fact that Saudi Arabia didn’t participate in negotiations this time. On the other way around, the initiative of Russia to join the decision of OPEC, that pushed oil to 8-% growth came as a surprise for everybody. Meanwhile, official PMI of China grew to 51.7 in November with 51.2 in October, remaining above 50 point mark which separates growth from reducing a monthly basis.
The global energy sector grew up on 0.21%, raw added 0.36% just as the production sector added 0.29%. Cyclic shares are growing up on 0.25%. 30-years treasury bonds of the United States have expanded its profitability up to 14-month in 3.09%, having undermined an interest towards the American shares which thereby are rising in price: only Dow Jones grew up by 0.1% because of the strengthened energy sector just as Nasdaq Composite and S&P lost 1.06% and 0.28%. The Japanese shares added 1.12% because of the weak yen. The Chinese production shows the best results in its progress per month for the last 2 years.
American dollar reached its 9-months maximum peak against yen, which was at the level of 114.830 before returning to 114.060. The Japanese yen is traded poorly, promoting growth of shares of national exporters while the Australian and Canadian dollars stabilized against the majority of principal currencies. Speaking about a dollar, it’s just a matter of time when it will reach the level of 115 yens. Despite of the fact that surplus which was more than 8-% for the last month, the greenback still continues to grow, without any obvious signs for a tendency turn.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

At the same time, the stock indexes in Europe have groped the potential for the further growth after they closed a surplus per month in more than 0.8%, according to the all-European Eurofirst 300.The yesterday’s meeting of OPEC, as a result of which the next decision on reducing the volume of offers in the markets was made, became one of the main reasons.
Stoxx Europe 600 grew up by 0.7% since the presidential elections in the USA, having broken an early negative tendency and only on several 100-th of percent discording in the correlation with other Pan-European Eurofirst 300 index. Yesterday, Stoxx 600 added 0.3%. The oil and gas index of Europe grew up to it’s three-months maximum peak in 3.4%.
The potential of European currencies growing remains muffled because of the growing dollar and long-term treasury bonds of the USA, which keep them under the spotlight of investors. However, the common currency is stable but for Swiss franc and the British pound of sterling trade below the majority of the principal competing currencies for today. Though for euro there are additional concerns against the background of the future Italian referendum. In case of referendum’s failure, the European Central Bank promises to intensify purchases of the Italian bonds, that will bring common currency into the descending trend.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region

For today, Asian shares have developed and they are falling against the background of global losses in the stock markets while profitability of the American bonds has decreased. South Korean shares dropped by 0.7%, having expanded weekly losses up to 0.25% after opposition parties declared that they will continue offensive movements on Friday. Their policy is to exclude Park Geun-hye from the president’s position after the scandal on trade influence, for the purpose of carrying out voting on her impeachment on December 9.
Regional MSCI decreased by 0.6%. Earlier, Nikkei reached its 11-month peak, but for today it is departed for 0.6%. The Chinese CSI 300 decreased by 0.5%, and 0.3% in a week. Today, Hang Seng in Hong Kong loses 0.9% and 0.2 within a week. Profitability of 10-year American bonds was removed to 2.439% after it was about 2.492% on Thursday — the highest rate since June, 2015.Wall Street head out with multidirectional trade: Dow Jones grew up by 0.36%, but Nasdaq and S&P 500 relevantly weaken at 1:36 and 0.36%.
Today, the American dollar subsided for 0.3% against yen, just like yesterday. In common it has reached its 10-month maxima. The Australian and Canadian dollars are also in their defensive position. Investors are examine an employment in nonagricultural sector — the interim report for November will be published today, but a bit later, trying to discover some additional arguments for benefit of improvement of the economy after construction sector’s data has showed increase in construction expenses up to 7-month maxima in October.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

Subsequent to the results of referendum the Italian stock market remains the weakest in Europe this year, having lost more than 20% because of the problems in the national banking sector and concerns about political instability. Surveys reveal that public opinion is against the offered reforms, however some media sources emphasize that the gap was considerably reduced (from 5-7% up to 3-5%) over recent days. Also it should be taken into account that many respondents refrained from participation in surveys.
The bank index of Italy which has lost more than a half of the cost this year grew up by 2.6% this week, gaining support of stabilization from the European Central Bank. The all-European Stoxx Euro 600 dropped by 0.3% while the blue chip index of Milan grew up by 1% and had shown its highest intraday level since November 10.
The single currency gained ground this week, remaining on its way to a 1-% surplus. But it can weaken considerably because of the expenses on support of the Italian bonds in case of a negative outcome of the referendum in Italy. The Swiss franc strengthens its position, acting as attractive means for hedging of financial risks these days, and the British pound sterling grows against the background of the latest problems of the European Union convincing investors of viability of a brexit initiative.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

The European currency fell to the minimums of May 2014 after investors left to hedge through risk asset classes, leaving the European shares without necessary attention, against the background of the condensed problems in the financial sector of Italy and other provincial markets of Europe.
The real sector weakens from low investment activity. Profitability of the Italian bonds grows while treasury bonds in the USA and Germany are rising in price, attracting hedgers with the relative safety.The European Central Bank has already managed to take reprisals, previously having reported about intention to expand the stimulating program in case of a referendum failure.This fact helped to weaken consequences of the Italian events. It is worth expecting that this week we will see a take-off of some key sections of economy, but most likely the financial sector will remain under pressure.
The European currency lost 1.4% against competitors. It is not so disastrously as it was with pound sterling after the Brexit events, but if to take into account recent crisis in Greece and strengthening of the stimulating policy of the European Central Bank, then it is possible to consider borders of the further fall up to $0.8000. The Swiss franc also uses interest on hedgers, taking highly competitive dynamics against other currencies. We can observe the same thing with the British pound which receives impulses for growing from each news confirming benefits from an early Brexit-referendum.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

For the day, shares show negative dynamics worldwide as the constitutional referendum lost 60% of voters in Italy, after they have voted against an initiative of reforms. The prime minister Rentsi promised to retire. Investors are hedged through risk assets, mainly through US dollar.
In the region, disregarding Japan, the MSCI index showed easing at 0.4%. According to the Nikkei index the Japanese shares lost 0.9%. The stock indexes of Wall Street reflect the mixed dynamics: S&P 500 loses 0.1%, and Nasdaq and Dow grow at 0.09 and 0.04%. Even energization of the cross biddings between Shenzhen and Hong Kong doesn’t save the situation in the stock markets. However this change doesn’t remain unnoticed and will bear fruit in the long term.
The greenback got the upper hand because of the hedgers and gained ground bull prospects of the Central Banks, which is ready to push an interest rates up this month. Yen is in protective position. The Canadian and the Australian dollar stay clear as these regions were less vulnerable for referendum consequences. Today we wait for the report on activity in a service sector of the USA which can clear prospects of the American economy more distinctly and in particular, policy of U.S. Fed.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region

For the day, the regional markets grow indicating the largest increase within the last two weeks.These days, euro was stabilized against the Italian political crisis background of revaluation of scales of the negative consequences which were resoundingly smoothed by the stimulating policy of the European Central Bank.
Region-wide MSCI extended for 0.8%, having established the largest surplus for the last two weeks. Nikkei also added 0.8%. The stock indexes of Wall Street show positive dynamics: Dow grew up by 0.25%, and corresponding to it S&P and Nasdaq grew up by 0.6 and 1.0%. It is worth emphasizing that global investment activity was weak today and was observed mainly in the sectors which are traditionally considered to be the hedging means of financial risks.
The US dollar almost didn’t change towards main competitors and remains at the level of 100.16, near a Monday’s minimum in 99.849 — the lowest level since November 15. At the end of November the dollar’s index reached its summer peak in 102.05, having received a boost on expectations of the growing budgeted expenses and strengthenings of bull monetary moods in U.S. Fed. The yen was stabilized against US dollar at the level of 113.79.The Australian dollar lost 0.2% because RBA kept its policy without any changes. At the markets investment moods are up-and-coming, which is explained by the growing uncertainty concerning prospects of the European economy.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

The European currency was stabilized, but it is traded near its minimum of September 2015, after the referendum which was organized by the prime minister of Italy — Matteo Renzi spectacularly failed. The referendum was the reason of plucked hopes for the constitutional reforms and moreover it exacerbated the issue of the banking sector. The prime minister intends to resign.
Euro has weakened against dollar for 0.1% to the level of 1.0757, gaining 1% yesterday and leaping aside an early minimum of 1.0505. The British pound sterling grows, having secured profitable investment moods from a failure of the Italian referendum that can indirectly testify viability of a Brexit initiative.The Swiss franc grows, attracting hedgers as an asylum of security from financial risks.
Potential stakes of euro calamity were noticeably limited by incentives from the European Central Bank who can expand a procurement program of bonds this Thursday and continue the program for six or more months. Both eurosceptics clear-cut ascendancy and positive data from a post-Brexit GB market undermines the investors belief in prospects of the EU.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: Europe

Recently the growth of bank shares pushes the European markets up. Today we can observe an active growth of the Italian bank shares in particular such as UniCredit, relying on the help of the new prime minister Gentiloni promising to take supportive measures towards perspective sector of the country.

Last week the Italian banks managed to show united growth, because of short positions on salvation of Monte dei Paschi bank under the auspices of the European Central Bank. The all-European FTSE Eurofirst 300 grew up by 1.01%, and the European stock indexes are traded in the range of 0.8-1.0%.

The European currency makes up for the losses which were received earlier from unexpected policy changes of the European Central Bank connected with terms and amounts of monthly purchases. Meanwhile, the British pound is traded less surely because of weak forecasts for the labor market and unemployment. As per usual, Swiss franc is stable in the conditions of high financial risks providing good support to hedgers.
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NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

The markets were slowed down waiting for a meeting of U.S. Fed officials which will begin today at 19:00 GMT. At the meeting, number of important decisions on credit policy will be adopted. Moreover reference points will be pledged for the future year. For many traders there is a chance to earn these days and many just abstain from market risks in the period of abnormal volatility.

The region MSCI index added 0.1%. Shares of the American companies are in quite good demand: Dow Jones grew up by 0.58%, Nasdaq and S&P 500 increased by 0.95% and 0.65%. The Australian ASX added 0.71% while TSX in Canada grew up by 0.65%, the Chinese CSI 300 lost 0.31% because of problems with an overheat of the productive activity annoying the market during the last quarter.

The US dollar is traded at the level of 115.20 against the Japanese yen and it is slightly lower than early February maxima 116.12 while the index of the American dollar was stabilized at the level of 101.05. Traders fix their profit and abstain from trade and lots of them prefer to hedge through traditional and cyclic asset classes these days. The Canadian dollar is traded valiantly against main competitors while the Australian dollar went to defensive position.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The markets are weaken because of increase in a rate of the Federal Reserve System on 25 basis points. Investors are also frightened of the extended projection for 2017 promising about three increases instead of two planned earlier. Officials declared that they are ready to toughen policy on an inflation acceleration measure as the administration plans to go to large-scale expenses that will lead also to growth of bond yield of the USA. The regional MSCI lost 1.3%: indexes of Wall Street lost 0.5-0.8%, the Canadian TSX of-1.22%, the Australian ASX-0.82. The Chinese CSI 300 on the way to 0.8-1% to losses. But here the Japanese Nikkei grows thanks to the weakened yen for 0.32%. Central Bank of China established JPY exchange rate on 6.9289 against the greenback to the weakest level since 2008 though participants of the market noted that JPY was firm in relation to many other currencies and grew on the trade weighted basis. The greenback grew up to 14-year maxima in 102.62 against JPY, to the level of the beginning on February 117.86 against the Japanese yen that served as an incentive for growth of the Japanese shares. The widest number of economic data will be announced today including read operations at consumer prices and production activity and also a speech of Polose, the head of the Bank of Canada. It can shed light on prospects of Canada monetary policy and provide fresh estimates of the USA market.
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Fundamental analysis from New Forex: Europe
The European shares considerably weakened because events served in the USA as a factor of a capitals flight and trade considerably below early annual maxima as U.S. Fed toughened its monetary policy and planned prospects for further toughening. The banking sector of Italy weakened almost for 3% and the oldest bank Monte dei Paschi lost 2.1%. Pan-European Stoxx Europe 600 weakened on 0.5 with considerable losses in cyclic sectors of economy and also large consumer sectors and services of health care where losses constituted from 1.6 up to 3.3%. The European Central Bank suspended incentives for Greece having rolled the stock indexes up to 3.2%. Euro weakened to the level of 1.0460 against the greenback having slipped last year March minimum which constituted 1.0457 that opens prospect for parity rate. The British pound is stable against competitors against the background of positive data from the labor market while the Swiss franc suffers from low forecasts of the banking sector which reached a critical point of growth this week earlier.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The prospect of toughening FRS monetary policy next year was reviewed towards increasing three times, instead of the double reference point accepted earlier in September. These news pushed profitability of 10-year treasury bonds of the USA to two-year maxima while short-term grew to its maxima of 7 years. Primary commodities and precious metals weakened against the background of the greenback strengthening. For today the MSCI Asia-Pacific index lost 1.78% though the Japanese Nikkei grew up at 0.8% because of weak yen. The Wall Street also added: Dow grew up by 0.31%, Nasdaq added 0.37%, and S&P extended for 0.39%. The Australian market lost 0.1% and Canadian added 0.14%. The US dollar became stronger about its 2002 maxima. The dollar index is at the level of 103.10, near its 14-year maxima of 103.56. The American currency is traded at the level of 118.145 yens after departing from a 10-month maximum 118.660 which was reached before. The Australian and Canadian dollars are traded poorly against competitors in relation to weakening tendency of the raw markets.
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Fundamental analysis from New Forex: Europe
In Europe it is observed the growing interest in shares which is promoted by more rapid nominal growth, changes in monetary policy, moderately high interest rates and only slightly accelerated inflation. The financial highlights showed growth of the Italian banks up by 4.4% for the last three weeks. In general, the banking sector of Europe enjoys wide popularity among investors these days. The Stoxx Europe 600 index added 0.9% earlier and is traded near its January maxima though has all risks to lose about 2% this year if the rally on cyclical stocks breaks until the end of a quarter. The bank index grew up by 2.5%, having benefited from the growing profitability of the USA treasury bonds. The European currency is traded at the level of 1.0435 against the greenback, having lost 0.2% earlier and having approached 13-year minima in 1.0366. The Bank of England didn’t begin to raise rates and therefore the pound sterling is unpopular today, however the Swiss franc has potential to growth because of the growing interest in bank shares, but this demand is significantly limited by low interest in precious metals.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The Bank of Japan kept its rates without changes that led to fall of yen and served as the driver for growth of exporters shares. In general shares in the region are traded in different directions because of terrorist attacks in Turkey and Germany. At the same time, the head of the Federal Reserve of the USA Janet Yellen gave a number of bullish comments on the labor market and monetary policy that spurred on US dollar and the shares of Wall Street. The MSCI index is traded with a small surplus of 0.05%, Nikkei added 0.12%. In China CSI 300 weakened at 0.6%. The Wall Street grew: Nasdaq added 0.37%, S&P 500 and industrial Dow added 20%. ASX in Australia grew up by 0.52%, and the Canadian TSX extended for 0.12% today. The US dollar grew up by 0.1% against yen having closed its lowering with 0.7% earlier on Monday. The index of US dollar added 0.2%. For today, the Canadian and Australian dollars got the upper hand of growth. On the eve of holidays there is a decrease in the trading volumes even on obviously perspective tools as investors and traders are hedged through safe assets.
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Fundamental analysis from New Forex: Europe
Interest in the banking sector was developed as it was expected that led to fall of European bonds profitability. The next attempt of Monte dei Paschi bank to receive the credit of 5 billion euros from the European Central Bank was the cause of short-term pressure weakening of a debt burden. Today, the global bank index added 0.27% while the European bank index lost more than 1.2% from Stoxx Europe. Gold grew up by 0.46% against the background of the condensed policy risks while investment moods of the financial risks inclined to hedging. Brent oil lost 0.2% having fallen to $54.82 for barrel again because of holidays. It led an index of alternative energy WH Clean Energy to growth by 1.69% while the Bioenergy index grew up by 0.16%. Formerly Euro lost 0.4% against the greenback while the British pound trades above the majority of currencies and the Swiss franc shows weakness signs though trades above yen and euro being supported at the hedgers cost. Meanwhile, the authority of the Managing Director of the International Monetary Fund Lagarde, received a serious damage against the background of accusations of the French court in negligence but the Fund committee decided to leave the head in a position.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The strong greenback will press G10 and Asian FX next year. For today, the greenback is traded at the level of its 2002 maxima. These days fixing of profit in the form of the slowed-down pre christmas session dragged on and Asian shares couldn’t benefit from the weakened regional currencies. The main index of Australia closed at the best level for the last 17 months while indexes of Wall Street are traded surely with a surplus in the majority of the main sectors. For today the financial sector got the upper hand with growth of 1.2% in S&P 500 which added 0.35%. Nasdaq and Dow Jones added 0.49 and 0.46% consequently. However, the greenback was slowed down against yen and trades above only one Australian dollar who act on the defensive to the full against competitors today. Emerging markets lost more than $23 billion since Trump was elected in the function of U.S. President having provoked a long rally for the greenback.

Fundamental analysis from New Forex: Europe
The stock indexes of Europe grow and are traded near its annual maxima that mainly today serves the final corporate transactions traditional for the termination of a financial year. Besides, the banking sector is stable and attracts investors with fresh vigour these days. Stoxx Europe 600 increased in 0.5% and is traded at its annual maxima. The Italian shares also intercalated and are traded near the highest annual marks. For today, the British bank shares grew up by 1.9% because of large deal in Lloyds BG which can push the creditor on the highest competitive line items in the regional banking sector. Euro took a leading positions while the Swiss franc was influenced by incentives of bank growth and here the British pound is stable, but also without signs for further growth against main competitors. In general the region is undermined by important economical and political events this year among which there is a bank crisis in the country and brexit, but still there are chances to increase making large corporate deals in the end of the year.

NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The stock markets weakened for the last several days as investors fix their profit on the eve of holidays and in conclusion of long rally on Wall Street indexes and the greenback which reached its long-term maxima this week. The MSCI index on the Pacific Rim out of Japan lost 0.3% today and 1.6% for the whole week. World MSCI grew up by 0.16%. The Wall Street shares also took a respite: industrial Dow gained a surplus in 0.12%, Nasdaq and S&P 500 lost 0.44 and 0.19% consequently. The Australian shares lost 0.22% while the Canadian TSX extended for 0.19%. The Japanese market is closed on celebration of the 83rd birthday of the Emperor Akihito. The US dollar dropped by 0.1% against the JPY losing in general about 0.4% this week. At the same time the dollar index stabilized at the level of 103.05 and can finish week with a surplus of 0.1%. The Canadian dollar is traded in defense because of the negative government outlooks for 2017 currency considering fall of the Canadian to 65 cents of the USA. The Australian dollar departed even below its Canadian colleague being traded at 72.22 cents of the USA because of dip in prices on iron ore which is a basis of Australian export. Today, the cost of iron ore dropped by 2.8% to $77.10 for ton.

Fundamental analysis from New Forex: Europe
The stock indexes in Europe received an easy shake-up after the public was informed that the bank problem in Italy can’t be solved at the expense of private means and the need of the state recapitalization subsequent upon it. Today, the all-European Stoxx 600 is on the way to 0.2-% losses while the bank index of Europe lost 0.6% having departed from the annual maxima which was reached earlier this month. Nevertheless, the situation shall be stabilized against the background of prompt actions of the Ministers Italian Cabinet where this morning it was promised to allocate €21 billion for banks salvation. Euro added 0.1% against competitors having limited weekly losses up to 0.1%. Meanwhile, the British pound continued its growth adding 1.6% against other principal currencies this week. This week the Swiss franc is still stable because of the growing gold and hedgers so it trades above most of competitors.

NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
For today, the Asian stock markets move in different directions while many of the regional markets are still closed for Christmas holidays thereat the US dollar received a fresh boost to growth having railed from the early losses which were received in the early part of the week. The MSCI Asia-Pacific index is traded in a flat while Nikkei added 0.32% because of the weakened yen. The Wall Street grows: industrial Dow Jones added 0.07% whereas Nasdaq and S&P 500 grew up at 0.28 and 0.13% relatively. The Canadian TSX was closed with losses in 0.05%. The Chinese shares lost on average about 0.2%. The Canadian and Chinese indexes weakened despite of positive market data that testifies the low investment activity in real sector significantly weakened by the growing dollar. The US dollar grew up by 0.1% to the level of 103.13 against main competitors in compliance with an index of the American currency which is not far from 13-year maxima today. The Japanese currency weakened against the background of the low consumer prices which showed weakness the ninth month in a row while expenses of households fell even in spite of the fact that the number of new workplaces grew up to its 25-year maxima. The Canadian dollar became stronger against the majority of principal currencies because of the developed oil prices.
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Fundamental analysis from New Forex: Europe
The European economy is going to close 2016 with a notable surplus in the main markets such as Germany, France and Great Britain with the same notable easing on the periphery particularly in Italy, Portugal and Greece. Some markets didn’t manage to get out of credit debts even despite activation of the program of quantitative mitigation from the European Central Bank by the end of the year. Today, strong consumer moods and weak euro allowed the European markets to increase its growth. The all-European Eurofirst 300 grew up by 0.4% and for 0.1% since Monday, against the background of the growing banking sector which added also about 0.1% since the beginning of week. Polls on behalf of scientifically research institute of GfK showed growth of consumer and investment confidence for the future year. The European currency is traded with lowering of 0.2% against US dollar at the level of 1.0435 whereas the Swiss franc still uses appeal in the opinion of the investors needing protection of assets against New Year’s Eve financial risks. Oil prices were developed against the background of reductions OPEC and other manufacturing countries, such as Russia meanwhile and grew up by 0.1% today.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
For today, the regional stock markets grow headed by Wall Street condensing activity during the period between holidays. But in the majority participants of the markets are hedged against holiday risks and review investment portfolios in such days while the dollar became stronger against yen against the background of positive economic data from the USA. The MSCI index added 0.42%, the Japanese Nikkei lost 0.05% having been late in defensive line items. The Australian shares grew more than by 1% because of rally for primary goods while the Indonesian assets added 1.9% and Shanghai lost 0.1%. The Wall Street grows: industrial Dow added 0.06% while S&P 500 and Nasdaq Composite grew at 0:22 and 0.45% correspondingly. In December, The American dollar became stronger at the level of 117.670 against the JPY having added 0.25% against the background of the growing consumer activity which showed the best results for the last 15 years. CAD also became stronger because of rally on primary goods and AUD was by the same token beaten out in leaders of growth today having overtaken all main competitors. Later on today we expect data on contracts from the real estate market which as expected can specify the bullish direction for US dollar.
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Fundamental analysis from New Forex: Europe
In Great Britain the number of private house on individual household was reviewed on lowering from Resolution Foundation to 51% in a section with official assessment in 64%. RF analysts proved recalculation by the fact that many house owners are inclined to accept lodgers or to lease apartments that led to errors in official statistics. At the same time the European Central Bank agreed to allocate €8.8 billion for recapitalization of one of the largest and at the same time the oldest Banks of Italy — Monte dei Paschi. The European stock indexes were closed with growth earlier. On Tuesday, the British FTSE 100 added 4.49 pips or 0.06% to the level 7,06817 while French of CAC 40 grew at 8.60 points or 0.18% and is traded at the level of 4,84828. German DAX added 22.31 pips or 0.19% to the level of 11,47224, and the Switzerland market index of Switzerland grew up at 26.81 points or 0.33% to the level of 8,25945. Altogether the all-European Eurofirst 300 was closed with a surplus of 0.11%. For today, the European currency grew up 0.1% against US dollar and is traded near the level of 1,04662 whereas the British pound having recovered from the early losses received at the beginning of a week recovered 0.2% and traded at the level of 1,22902. The Swiss franc is stable and trades above most of its competitors. The strong demand for primary goods grows day by day and many economists expect that this tendency will dominate in the markets at the beginning of 2017.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The Asian markets suffer losses following Wall Street indexes which fell after investors began to fix results of weeks-long profit. At the same time by the end of a financial year and also as a result of profitability kickback of treasury bonds. The Japanese Nikkei lost 1.3% against the background of the strengthened JPY while Toshiba Corp lost 16% because of news about mass write-offs which led to decrease in credit ratings of the company. S&P reported about expectations of sharp reducing capital stock that it can undermine financial stability of conglomerate. The MSCI index in the Pacific Rim dropped by 0.19% however in some markets, for example in Australia there is a considerable surplus to 17-month maxima while shares in Shanghai added 0.2%. The Wall Street slightly sank: Dow dropped by 0.56% while S&P 500 lost 0.84% and Nasdaq Composite weakened for 0.89%. The US dollar lost 0.5% against JPY but is still 12% higher this month. Bonds of the USA showed record rally in combination with surprisingly great demand on 5-year-old earlier treasurer while profitability of 10-year bonds fell to the lowest levels in two weeks having lost 2,492%. Economic data are concentrated on the US, unemployment benefits and oil inventories.
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Fundamental analysis from New Forex: Europe
Eurozone profitability is falling against the background of the concerns connected with destabilization of a bank system in combination with low investment activity which characterizes these days. The British pound loses because of the real estate market. Profitability of the Italian bonds falls against the weakness background of the basic indexes FTSE/MIB correlating with euro and the British pound. In general — investors are concerned by the Italian financial stability. At the same time tendency of participants to close line items in holiday time leads to delay of trade reactions in the markets. The expanding yield gap fixed euro at the level of 1.0450 against USD after approached maxima of two months at 1.2243. The British pound shared lot of common currency in relation to dollar but at the same time received a considerable rebound in Asia earlier and is traded at the level of 1,2200. In Great Britain housing prices promise to continue growth in 2017, however by much slower rates and according to the researches Halifax. The weak economy in combination with the low level of availability will entail reduction of sales. In the merchandise market oil loses because of growth expectations in US inventories — about 26 cents for $53,80 for barrel while Brent trades on 4 cents below for $56,18.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The Asian stock markets were closed in 2016 with positive disposition while the participants of the markets fixing profit pushed dollar and euro to its two-week maxima. Commodity trade deficit in the US extends and the labor market is overheated. The widest regional MSCI index grew up by 0.5% dispersing from Wall Street which suffers insignificant losses today. However, this year industrial Dow Jones added even 14% having shown the best growth in the region for the last four years. Thailand added 20% this year and the Japanese Nikkei weakened for 0.4% having lost nearly 22% this year and is traded near five-year minima. Gold is traded near two-week maxima, thanks to hedgers having added 0.1% to $1.15931 for ounce today, having headed for a 9.3-% surplus this year, having escaped at the same time from three-year minima. Oil prices grew up by 51% this year, and are traded near maxima of the beginning of 2015. This year, the US dollar grew up by 10.5% against JPY but managed to lose 0.2% today, being traded at the level of 116.44. The index of US dollar lost 0.35% today to 102.28 after it weakened for 0.6% earlier on Thursday. In general, the index grew up by 3.7% this year. The JPY closes year more weakly with decrease by 7.1% against US dollar. Profitability of treasury bonds in the USA completely changed a course for the last two weeks as investors looked for shelters from financial risks. Profitability fell to 2.4659 and trades slightly above the two-week minima which was reached during the trading session.
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Fundamental analysis from New Forex: Europe
On Thursday, the British FTSE was closed at the highest level in the world against the background of rally on precious metals and higher prices of gold in spite of the fact that the weakened banks limited growth of the all-European index and holidays noticeably diluted global trade. The all-European Stoxx 600 index was closed with decrease because of weak appetites to risk. At the same time, the British shares added 0.2% being closed at the level of 7.12026 pips, record already the second session in a row and less than 10 points below than the historical maxima at 7.12983 reached earlier in October. Gold Miner Randgold Resources jumped up for 4.8% having shown the most large increase on the FTSE 100 index after gold reached two-week maxima because of the weakening dollar. Euro added nearly 2% today having shown the most large increase since November 8 before returning to a 0.6-% surplus and to be closed at the level of 1.0527 against US dollar. Today, the market is very sluggish: offers weakened and short-term players pushed euro and stopped having left common currency with 3-% decrease this year. The Swiss franc is stable and trades above the majority of currencies against the background of the growing demand for gold. But despite demand in relation to precious metals the European index of fixed assets dropped by 0.9% with considerable decrease in market value of copper and aluminum.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The US dollar is traded near its 14-year maxima against the optimistic background of the global economic data which affected the Wall Street. The strong dollar limited growth of the raw market but helped the Japanese exporters to enter long rally in the stock market towards the largest growth for the last two months. In the first trading day of year the Nikkei index grew up by 2,53% and now it is at the highest level since December 2015 that was promoted also by the factory data which showed considerable acceleration last year. The MSCI index grows already the seventh session in a row with a surplus of 0.2% today. China is kind to corresponding moods, the eurozone and the US have also the same feeling. The index of global investment activity from Barclays grew to the highest level since December 2013. The dollar was traded at the level of 103.82 against the basket of principal currencies on maxima of 2003 before fixing the profit from investors pushed it back to level 103.32. Owing to weak activity for JPY the currency of the US grew up to 118.11 having faced levels of resistance at 118.60/66. Also there are news on Mexican peso which is traded at the lowest level against US dollar.
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Fundamental analysis from New Forex: Europe
The European shares grow with the leading financial and commodity sectors, blue chips of Great Britain beginning new year at record-breaking high level. Especially bullish FTSE served as a reliable support for the European market and investors expect that this tendency will remain. The sector of the main Europe resources and also an oil-and-gas sector grew on 1.3 and by 0.9% relatively because of active support of the primary goods prices. The all-European Stoxx 600 was closed with a 0.7-% surplus having reached the highest level since December 2015 having added 0.5% earlier on Tuesday closing at the level of 7.17789 after an early rally till 7.20545 respectively on the same day. Finance companies were allocated as leaders of growth with growth of 2.8% on the all-European index being closed above its annual maxima at the same time. Profitability of the German 10-year bonds grew up by 10 basis points to two-week maxima in 0.29%. On Tuesday, in the goods markets oil prices were stabilized after lost more than 2% having returned 40 and 43 cents — WTI and Brent relatively. Euro is traded at the level of 1.0402 against US dollar having returned from its minima 1.0342. Depreciation of euro goes despite jump in profitability of domestic bonds after official sources certified growth of the German inflation to the highest levels since January, 2014.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Expectations in the relation of U.S. Fed support rising rates a tendency to growth of dollar while the Asian market releases the equity to joy of the European shares and American treasury bonds where profitability of two-year bonds grew up to 1,21% having come off the minimum of 1.17% which reached earlier on Thursday. MSCI in the region added 0.5% while the Australian and Canadian markets added 0.9% and lost 0.6% relatively. Wall Street indexes are traded in the positive territory, despite strong dollar: Nasdaq grew up by 0.6%, Dow Jones and S&P added 0.3%. Investors are very cautious before Trump’s press conference on Wednesday which can force investors to fix profit. Meanwhile the US dollar grows in quality of critical threat for Asian assets, extending the equity and toughening fiscal policy on a global and economic background. At the same time the Australian dollar got stronger because of the renewed rally on the share of mining companies and the Canadian colleague sank against the majority of principal currencies because of the developed oil prices. Oil futures dropped on average by 0.3% because of strong dollar and the growing doubts that members of OPEC will adhere to the agreement on reducing production amounts in the current time.
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Fundamental analysis from New Forex: Europe
The European stock indexes opened a week with growth which is promoted by capital outflow from the Asian region to safe assets — precious metals, cyclical stock and perspective bank shares as peripheral, and in the developed markets. At the same time the British shares grow already more than a month, mainly because of weak pound sterling. The all-European Eurofirst 300 is traded near its month maxima and added more than 10% since November because of the dragging-on global tendency on fiscal policy. Meanwhile, capitalization of the companies gold miners grows which is connected with growth of capital costs of many industry members — for the purpose of compensation of the exhausted inventories. But in general growth on gold remains limited because of strong US dollar. The European currency is traded near its six-months maxima above most of competitors. However, it yields to the American dollar at the level of 1.0534 while the Swiss franc became stronger against the background of the short-term rally for gold. The British pound is the weakest than main competitors, but supports by that growth of national exporters — already the fifth week in a row. The European shares promise to grow if the dollar will remain strong further.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The US dollar unexpectedly appeared under pressure during an Asian session. Being traded with a quite good surplus at the beginning of the session the dollar started to rise later and began to fall, having lost 0.3% against main competitors. Both the Australian and New Zealand dollars together with Japanese yen and euro became stronger on these news. The Asian markets are stable, meanwhile the prices of the Chinese producers grew because of the strengthened staple prices. The MSCI index in the region grew up by 0.3% while the American indexes were closed in different directions: Nasdaq Composite added 0.19%, Dow Jones and S&P 500 decreased by 0:35 and 0.38% relatively. The Canadian TSX and Australian ASX decreased by 0.7 and 0.8%. Shanghai Composite lost 0.2%. Today oil prices grew up by 0.12% on the average. The US dollar weakened in relation to the basket from six principal currencies having lost 0.3% on an index and having fallen to the level of 101.64. At the same time the greenback is traded poorly against the Japanese yen at the level of 115.585 expecting Trump’s press conference which will be the first one since elections. The Australian dollar became stronger at the level of 0.7367 against US dollar and the Canadian weakened to 0.7565. Today we also expect news from the labor market which can show bullish moods on the American dollar and affect market moods in general.
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Fundamental analysis from New Forex: Europe
Meanwhile, representatives of the EU declared that Britain won’t be able to provide necessary 500 million external consumers to the market without accepting the principles of free economic and political movement. Similar moods pressed for the British pound sterling having provided growth of FTSE 100 to record maxima. In general the European indexes are traded poorly because of severe losses in the banking sector developed after positive start at the beginning of a year. Pan-European Eurofirst 300 decreased by 0.35% while the banking sector weakened for 1.7%. But in general the sector grew within the last weeks because of hopes for a financial incentive counting upon January 20 promising growth of bond yield because of Trumps inauguration. Gold became stronger because of the growing interest in a hedging having added 0.3%. Euro became stronger against US dollar at the level of 1.06075 having added 0.3% while the British pound is traded at the level of its two-month minima having taken defensive positions against all principal currencies. The Swiss franc traditionally grows because of special attention to hedging instruments of financial risks and is traded with a 0.03-% surplus against competitors.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Tonight the press conference of the U.S. President Donald Trump will take place. It will be for the first time since elections and as it is expected it can turn the markets upside down. During the conference some strategic objectives in the relation to tax policy, trade and budgeted expenses will become clear. Today many participants of the markets are forced to reckon with protectionist sentiment in the American economy which can undermine world trade both in short and in the long term. In the region MSCI Index is traded near its November maxima with a surplus in 0.42% while Japanese shares grew up by 0.4%, and also traded at the pre-election levels of November. Speaking about Wall Street shares are traded with almost zero surplus as investors are afraid of opening line items on traditional assets in anticipation with important political news. In Australia and Canada the ASX and TSX indexes were closed with 1.9 and 2.4% of a surplus. The greenback suffered from the weakening profitability of the treasury bonds which spread out from 2.64% of its two-year maxima. The dollar is traded at the level of 116.10 against yen near a three-week minimum in 115.06 which it reached earlier on the 6th of January. The dollar index also departed from its early 14-year maximum in 103.82 which was reached the 3rd of January.
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Fundamental analysis from New Forex: Europe
The stock indexes grow in Europe, with leading retail companies and also thanks to rally on precious metals and shares of mining companies. Nevertheless, the European growth is limited by the weakened financial sector particularly in such countries as Italy, Greece and well-developing European currency. The all-European Stoxx 600 index grew up by 0.1% while the British FTSE 100 updated its record maxima with a surplus of 0.5% to level of 7.28481 points. The French CAC 40 is at a zero mark while German DAX added 0.2%. Insurance and bank industry indexes dropped by 0.6 and 0.1% relatively with lowering in 0.7 at Commerzbank and for 2.4% at Deutsche Bank. In Lisbon Banco Commercial Portugues fell 11.3% to record-breaking low levels. Euro is traded at the level of 1.0543 against the greenback with a surplus in 0.1%. The American dollar spread out earlier because of hedge moods in the markets while the British pound caught a tendency for growth of traditional assets and fell to 2-1/2-month minima in 1.2107 from the level of 1.2166 against US dollar. The Swiss franc still cuts profit from hedgers, meanwhile receiving a boost from rally on precious metals. We relatively expect Trump’s press conference and new trade reference points later on today.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The greenback continues its fall as the taken place Trump’s press conference left many questions without answers for example such as taxes and fiscal policy. The majority of the stipulated questions concerned world trade and a commercial competition were differently displayed in the markets today. So approximate data on rates for the Chinese export pushed the Asian markets up and competitive views of the pharmacological prices undermined the European funds. The MSCI index in the region grew up by 0.63% to its three-months maxima while Shanghai Composite extended for 0.24% and the Japanese Nikkei weakened for 0.92% as the yen got stronger against the background of weak greenback that limited competitiveness of the export companies. Wall Street indexes added from 0.3 to 0.5% while the Australian ASX lost 0.1% and the Canadian TSX added 0.4%. The American dollar continues to dive down showing especially high volatility in recent days. The index of US dollar lost 0.3% and fell to 101.520 — its three-months minima while profitability of treasury bonds fell to 2.334% — minima of October. The Australian dollar grows because of rally on the share of mining companies and here the Canadian dollar trades below most of competitors because of weak oil prices.
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Fundamental analysis from New Forex: Europe
The growth of European stock indexes was on the сhopping bloc after Donald Trump during the press conference repeatedly emphasized the dissatisfaction with a price competition on drugs that led to fall of the European health indexes. For today the European health funds lost 0.74% whereas the all-European Stoxx 600 was closed with losses in 0.22%. Meanwhile, the British FTSE opens new record maxima with a surplus in 0.2%, French CAC lost 0.3% and German DAX weakened for 0.1%. Euro is traded at the level of 1.0602 against the American dollar while the British pound remains unstable to the competition however nevertheless could jump aside from its 10 weeks minima from $1,2048 to 1,2203 against US dollar. The Swiss franc still uses attention of hedgers and the recovered rally to gold that supports him above most of main competitors.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Donald Trump: «The strong dollar, in particular against the Chinese yuan kills our economy». Bearish notes considering the American dollar helped the Asian markets to feel their way and to make a start to November’s maxima thanks to deployment in some emerging markets. Trump’s comments helped to facilitate the pressure upon yuan and upon the Chinese shares that helped to suspend capital outflow from Asia. The common regional MSCI index grew up by 0.4% while the Japanese Nikkei added 0.45%. The Wall Street shares weakened against the background of the growing doubts in prospects of the stimulating policy of the newly elected president: losses constituted from 0.3 to 0.6% on the key stock exchange indexes. At the same time, the Chinese CSI 300 added nearly 0.6% having partially offset losses from last week. The greenback’s index decreased up to 100.64 against its main competitors having departed from its 2002 maxima which the greenback had the last time with the level of 103.82 about two weeks ago, on the third of January. The Canadian dollar became stronger thanks to the bullish prospects of monetary policy and the Australian dollar also grew up at the expense of China — the largest trading partner. Today we expect the decision on an interest rate from the Bank of Canada and also a number of comments on monetary policy from the chairman of U.S. Fed Yellen which can pledge the further directions for market trends on the above mentioned assets.
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Fundamental analysis from New Forex: Europe
The European stock indexes are traded in flat against the background of bullish comments of the prime minister of Britain in the relation of prospects of the country’s depature from the EU. May noted that to weaken rigidity of market’s landing, the decision to bring up a final question of an exit for parliamentary vote is made. Besides, the prime minister noted that she intends to do everything possible to keep exclusive partnership with the European partner. The all-European Stoxx Europe 600 weakened at 0.12%, having restored 0.6% of early losses directly after Theresa May’s performance. For today the British FTSE 100 opened with losses in 1.5% because of the developed pound sterling while the German DAX 30 weakened at 0.2% and French CAC 40 lost 0.08%. Recently, the European bank and other cyclic shares rallied in order to promote growth of eurobonds fed profitability for financial incentives and deregulation of trading activities from new administration of the US. The British pound sterling grew up by 0.14% against other principal currencies having shared competitive positions with the European colleague who added 0.9% and is traded at the level of 1.0684 against US dollar. The Swiss franc became stronger against euro, yen and pound because of investors tendency to protect the assets from the current financial risks. Today we watch the European news at the head of which reading on unemployment in Britain and inflation in the eurozone.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Today the stock indexes in the region fell after the US dollar was recovered against the background of bull statements on behalf of U.S. Fed. Therewith the Ministry of Trade of China declared that China and the United States can solve properly any trade problems by dialogue and cooperation as the quarrel is unprofitable to both parties that also promoted strengthening of the American currency. The MSCI index of the region lost 0.4% while the Japanese Nikkei grew up by 1% against the background of the weakened yen. The Wall Street was closed in different directions: industrial Dow lost 0.1% while high-technology Nasdaq Composite added 0.3% and the blue chip index of S&P 500 was closed with a surplus in 0.2%. The Hang Seng index in Hong Kong dropped by 0.62% while the Chinese Shanghai Composite weakened at 0.13%. The Australian ASX grew up by 0.28% and the Canadian TSX lost 0.26%. The American dollar grew up by 0.32% against the basket of principal currencies and became stronger at the level of 101.22. The greenback showed very impressive rally at the beginning of the session against yen but then departed to the level of 114.50. The Australian dollar got the upper hand of today’s growth because of the growing demand for iron ore and shares of mining companies. The Canadian, on the contrary, took defensive positions because of the developed oil prices.
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Fundamental analysis from New Forex: Europe
In Europe the stock indexes are traded in a flat at the same time there is observed a limited growth among bank and other cyclic shares and also steadier growth among mining companies and in section of the precious metals which are traditionally acting as the tool for hedging of financial risks. The all-European STOXX Europe 600 grew up by 1.6% while the main indexes are traded in different directions: the German DAX with a surplus of 0.8%, the British FTSE with growth of 0.4% and the French SAS with losses in 0.25%. However in the medium term it is possible to expect considerable improvements in the European stock market — after settling uncertainty around the stimulating Trump’s plans. At the same time support of China in the relation had more than ever and now the administration of the USA can expect surely the maximum return after raises this question once again. The European currency became stronger with a surplus at 0.12% against main competitors waiting for officials meeting of the European Central Bank who cut off the stimulating program last month and will leave monetary policy without any changes this time as it is expected. Meanwhile the pound sterling also grew up by 0.1% and is traded at the level of 1.2275 against US dollar after the Great Britain prime minister Theresa May which besieged panic in the market having promised to mitigate landing of the market due to parliamentary vote on Brexit and also vigilant participation of the government in preserving warm partnership with the single market. The Swiss franc is still stable at the expense of hedgers and trades above the majority of principal currencies.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Many of Trump’s election promises including decrease in taxes and increase in expenses on infrastructure can meet obstacles from the senate as the newly elected president as it was emphasized in the inauguration speech. In view of the fact that these promises promoted growth of dollar recently they also undermined of the force for today. The MSCI index grew up by 0.4% with a considerable surplus on the stock indexes of Wall Street which received a boost from weak dollar: technological Nasdaq added 0.28% and the blue chip index of S&P 500 grew up by 0.34% while Dow grew up by 0.48%. The Japanese Nikkei lost 1.1% because of the strengthened currency. The Australian ASX weakened at 0.7%, TSX of Canada added 0.9% because of growing prices for energy products. Profitability of 10-year bonds fell in the USA to 2.432% having risen for a short time to 2.513% on Friday which is the maximum on the 3rd of January. Two-year papers were more sensitive to bearish statements of FRS and fell to 1.180% having departed from three-week maxima of 1.250%. The American currency is traded at the level of 113.435 against yen with decrease by 1.1% and near its two-month maxima in 112.57. The Canadian and Australian dollars reached a defensive position.
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Fundamental analysis from New Forex: Europe
Traders are hotly welcomed ultra-easy initiatives of monetary policy from officials of the European Central Bank considering as growth sign the fact that the Central Bank didn’t consider the prospect of amounts narrowing of the purchased assets that can demonstrate indirectly delay of inflation in the eurozone. The European stock indexes are traded mainly in the negative corner however among the main indexes the British FTSE grew up a little by 0.1% while German DAX lost about 0.1% and French CAC is traded in a flat. The all-European STOXX 600 opened with decrease in 0.15%. Among leaders there are falls of the company retail trade with losses about 0.4%. The European currency grows against American with a surplus in 0.4% to the level of two-month maxima in 1.0748. The British pound also got stronger against most of competitors having received a boost from consolatory comments of the prime minister concerning the mitigation prospects of landing from a gap with the EU. The British grew up by 0.5% against US dollar. Despite improvement of data on inflation, economic tone of the European Central Bank still didn’t change. But, it is worth believing, that very soon the Central bank will designate fresh monetary prospects for the single market.
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NewForex Analyst
Alex Vergunov

Shareholders are waiting for details of Trump's management as the greenback loses its positions
On Monday, the greenback slipped during Asian trade with the euro being at the high during a month as investors padlocked an income on the greenback’s newfangled acceleration as they were waiting for the U.S. President Donald Trump to discuss specifics of development. The euro strengthened its positions at 0.4 percent during the day up to $1.07400 after prior ascending to $1.07460 which is the highest level since December 8. That fact sustained reducing the greenback against a currency basket, with the greenback index declined 0.4 percent during the day up to 100.37.

NewForex Analyst
Michael Butnitsky

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Donald Trump broke off the agreement with the Trans Pacific partnership that partly undermined belief of investors in protectionist prospects for economy of the USA and aggravated opportunities for the global trade conflicts. On this background the new U.S. Treasury Secretary Mnuchin promised to fight against currency manipulations, unambiguously hinting at manipulations with the Chinese yuan. However, the region MSCI index grew up by 0.1% foretelling growth of trade activity in Asia after Trump’s inauguration which was held while the major global and economic reference points laid down to analysts. Meanwhile, Nikkei in Japan decreased by 0.4% because of the strengthened yen against the background of the growing production and export orders. Wall Street in defensive line items with losses from 0.15 to 0.25% on key indexes. The American dollar is traded at the level of two-week minima 112.50 against yen and the index of the American currency lost 0.1% staying up to a standard of four-months minima at 100.80. The Canadian dollar was beaten out in leaders against the background of increase in prices for WTI crude oil while the Australian deeply sank because of the unidirectional correlation with the American dollar which was injured because of conservative market moods.
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Fundamental analysis from New Forex: Europe
The stock indexes grow in Europe because of TTP disorder but are limited by strong euro which received a boost from the weakened greenback. Cyclic and bank shares prevail among leaders of today’s growth but also transportation companies show a high surplus because of positive news from Britain where the prime minister May unveiled strategic plans of mitigation post-brexit landings of the country out of the single market. The all-European Stoxx 600 grew up by 0.1% while the British FTSE is traded in a flat and the German shares grew up by 0.3%. French CAC opened relatively with a gap and a surplus in 0.2%. The British prime minister Theresa May published the plan of strategic recovery of the country where improvement of infrastructure and investment climate innovative development while the trade is put in the forefront. The common currency became stronger at the level of 1.0758 against the greenback while the British sterling grew up to its six-week maxima in 1.2546 against US dollar on the assumption that the Supreme Court of Great Britain will oblige the government to pass the official decision on brexit for discussion in parliament. The Swiss franc is also strong because gold is traded about a two-month maximum in $1.2166 for ounce.
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NewForex Analyst
Alex Vergunov

Unstable dollar, stocks restrained by protectionism of Trump
On Tuesday, the greenback struggled in Asia as the U.S. President’s concentration on production ahead of financial impetus twist the knife of his administration as it might be profitable to gain a competitive advantage over a weaker currency.
The dispute of trade wars came even as more information pointed to a gratifying recovery in activity throughout the entire world. Today, the review of Japanese manufacturing showed the fastest extension in almost three years as export orders increased. In exchange for the mobility emerging from Washington kept Asian stocks subdued in order to help safe-haven Treasuries and the yen.

NewForex Analyst
Michael Butnitsky

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
On Wednesday, the Asian stock markets were tightened to its three-months maxima while the greenback weakened because of the relation of policy of the U.S. President Trump growing uncertainty of the inducing investors to fix profit. The Asian markets are disturbed by the fact that now there will be more control and restrictions in the sphere of international trade from the USA. Especially it saddened economic prospects of the trans pacific partnership member countries as the agreement with which the newly elected president denounced this week earlier. The MSCI Index added 0.1% in the region and is traded at the highest levels since the end of October. At the same time the Japanese shares added 1.3% because of the data specifying export growth of the country becoming more active in December. Despite rally of such indexes of Wall Street as S&P 500 and Nasdaq the trading volumes were weaker as market estimates of corporate climate in the USA became more and more tense. The US dollar drifted much below the trade basket weighed competitors on Wednesday, becoming more active with concerns about implementation of protectionist measures from new administration. In the bond markets, the USA profitability of treasurer bonds grew to its two-year maxima in 1.22% in comparison with 1.15% on Tuesday reflecting strong economic prospects for the USA.
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Fundamental analysis from New Forex: Europe
The profit season among European shares comes to an end however today the stock indexes of the single market still grow but in some sectors multi-day idle time which can testify to turns of long-term trends on some asset classes after Trump’s inauguration is found already. The all-European Stoxx 600 received a surplus in 0.2% relying on growth of Italian financial sector and also all-European index of the mining entities. Meanwhile, the prime minister of Greece declared that he doesn’t intend to accept one more aid package from the European creditors than once again called the question of efficiency the stimulating program of the European Central Bank. However most of investors disregarded an event. The pound of sterling grew up and is traded at the level of 1.2524 for US dollar after the Supreme Court of Great Britain decided that the government will need an approval of parliament for official start of the denouncements procedure of member agreements with the European Union. Euro is traded in defensive line items while the Swiss franc continues to grow at the expense of prolonged rally on the precious metals and conservative investment moods in the markets to an environment of operational risks hedging.
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NewForex Analyst
Alex Vergunov

Asian stocks rose to its three-month jubilation, drift of the greenback
For today, the Asian stocks edged up to its three-month jubilation but the greenback facilitate as growing uncertainty over U.S. President’s policies which prompted some investors to take benefit on the greenback’s overnight bounce. European markets knew about uneasy mood in Asia, so they opened with a little change in key benchmarks. In Asia, outside Japan, the MSCI’s broadest index of Asia-Pacific shares increased at 0.1 percent to its highest levels since late October.

NewForex Analyst
Michael Butnitsky

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
On Wednesday, the Asian stock markets were tightened to its three-months maxima while the greenback weakened because of the relation of policy of the U.S. President Trump growing uncertainty of the inducing investors to fix profit. The Asian markets are disturbed by the fact that now there will be more control and restrictions in the sphere of international trade from the USA. Especially it saddened economic prospects of the trans pacific partnership member countries as the agreement with which the newly elected president denounced this week earlier. The MSCI Index added 0.1% in the region and is traded at the highest levels since the end of October. At the same time the Japanese shares added 1.3% because of the data specifying export growth of the country becoming more active in December. Despite rally of such indexes of Wall Street as S&P 500 and Nasdaq the trading volumes were weaker as market estimates of corporate climate in the USA became more and more tense. The US dollar drifted much below the trade basket weighed competitors on Wednesday, becoming more active with concerns about implementation of protectionist measures from new administration. In the bond markets, the USA profitability of treasurer bonds grew to its two-year maxima in 1.22% in comparison with 1.15% on Tuesday reflecting strong economic prospects for the USA.
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Fundamental analysis from New Forex: Europe
The profit season among European shares comes to an end however today the stock indexes of the single market still grow but in some sectors multi-day idle time which can testify to turns of long-term trends on some asset classes after Trump’s inauguration is found already. The all-European Stoxx 600 received a surplus in 0.2% relying on growth of Italian financial sector and also all-European index of the mining entities. Meanwhile, the prime minister of Greece declared that he doesn’t intend to accept one more aid package from the European creditors than once again called the question of efficiency the stimulating program of the European Central Bank. However most of investors disregarded an event. The pound of sterling grew up and is traded at the level of 1.2524 for US dollar after the Supreme Court of Great Britain decided that the government will need an approval of parliament for official start of the denouncements procedure of member agreements with the European Union. Euro is traded in defensive line items while the Swiss franc continues to grow at the expense of prolonged rally on the precious metals and conservative investment moods in the markets to an environment of operational risks hedging.
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NewForex Analyst
Alex Vergunov

Asian stocks rose to its three-month jubilation, drift of the greenback
For today, the Asian stocks edged up to its three-month jubilation but the greenback facilitate as growing uncertainty over U.S. President’s policies which prompted some investors to take benefit on the greenback’s overnight bounce. European markets knew about uneasy mood in Asia, so they opened with a little change in key benchmarks. In Asia, outside Japan, the MSCI’s broadest index of Asia-Pacific shares increased at 0.1 percent to its highest levels since late October.

NewForex Analyst
Michael Butnitsky

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
For today, the trade in an Asia-Pacific region is quite saturated as it was promoted by yesterday’s progress in the European market and the US while the market with the industrial Dow Jones index for the first time punched the level in 20000. Because of the growing interest in risk, the market of precious metals was developed and now it falls. The MSCI index grew up by 0.8% to its four-months maxima while Hong Kong shares added 1.3% in South Korea and grew up by 1% and for 0.2% in Shanghai. The Japanese stock market added 1.6%. Density of trade is explained by a considerable surplus in shares of the American companies today and growth of orders for the Japanese export. Besides, interest in traditional assets is persistently maintained by protectionist moods of the American government. The US dollar tested just the opposite, negative consequences of protectionist prospects and the situation wasn’t corrected even by the growing profitability of two-year and ten-year treasury bonds. An index of the American currency at the level of 99.793. However, the dollar almost didn’t change against yen and is traded at the level of 113.375. The Canadian dollar is falling because of oil inventories growth in the USA while the Australian dollar is also settled in defense providing liquidity of shares of mining companies.
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Fundamental analysis from New Forex: Europe
The European shares reduced the early growth which was supported by strong corporate data and also the protectionist policy of the American government is traded restrictedly. However, the surplus in bank shares and mining companies opens broad prospects for a short-term growth of cyclic shares. The all-European Stoxx added 1.4%, German DAX grew up by 1.8%, the Italian MIB for 0.4%, the French SAS — 1.2%, the British FTSE added 0.6%. The European banking sector extended in 3% and oil in the goods markets added 0.8% by 55.53 for barrel of benchmark Brent. These days the European shares look attractively and weak euro provides their liquidity. The European currency weakened and is traded at the level of 1.07542 against the American dollar having departed from the half-month maxima which was reached earlier on Tuesday. At the same time the pound sterling grew up and limited its growth of British shares against the background of Supreme Court decisions in the relation to the procedure of membership denouncement of Britain in the EU a little. The Swiss franc became stronger against the majority of currencies because of strong corporate reportings.
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NewForex Analyst
Alex Vergunov


Shareholders took off most cash from U.S. stock funds since election
Investment Company Institute data for the latest week showed that shareholders sold U.S.-based domestic stock funds within the shortest possible time since equities leapt following the presidential elections. Recently we can observe the largest outflow for the funds since the election-week period ended November 9, when outflows reached $6.4 billion. The US President, Donald Trump came into office last Friday. Trump with his Republican party, which controls Congress, have promotes potential contemporary economic stimulus measures, such as tax cuts. U.S.-based fixed-income funds lost $13 in November. As for bond funds, they continued to bring money. Commodity funds, included those for buying gold, attracted $231 million as the data showed.

NewForex Analyst
Michael Butnitsky

[AnnaMon]

The greenback slips on lack moisture U.S. data, apprehensions over Trump trade policy
On Monday, the greenback fell off its one-week high against a basket of currencies after Treasury yields declined on data showing the U.S. economy growing rather slowly than it was expected. The greenback was down 0.6 percent at 114.410 yen after it rise on Friday to the level of 115.380, its highest peak since 20th January. The euro added to Friday’s modest gains and was last 0.3 percent higher at $1.0733. On Thursday the index of greenback against a basket of major currencies dropped to a seven-week low of 99.793. On Monday the index was down 0.3 percent at 100.320. This week, besides Trump, market focus was on monetary policy, with the Bank of Japan, the Federal Reserve and the Bank of England holding strategical meetings.
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NewForex Analyst
Michael Butnitsky

Fundamental analysis from New Forex: The Asia-Pacific region
The stock indexes in Asia are weakened against the background of the first steps of Trump’s migration policy which were quite tough in relation to migrants: some citizens of the Muslim countries were temporarily forbade to enter the US territory even taking into account the fact that it is possible to receive permission for residence or the visa. Besides, concerns about the fact that the USA is going to enter a trade war with China that can also alter balance of forces to the growth of world economy. The MSCI index of the region dropped by 0.4%, the Japanese Nikkei dropped by 0.4% and the Australian shares lost more than 1%. The strong yen is limited by its competitive opportunities of the Japanese exporters. Electronic mini-futures of Dow and Nasdaq Composite lost 0.3%. For today the biggest market threat is the situation of Trump’s decision to go further on the way of protectionism without paying attention to economic policy. Last time the profitability of 10-year treasury bonds was 2.4658% in comparison with 2.481 on Friday. The index of the American currency tracking cost against the trade weighted analogs has lost about 0.3% having fallen to level of 100.21. The dollar dropped by 0.7% to level of 114.31 against the Japanese yen. Oil continues to fall against the background growth of inventories in the USA. In spite of the fact that news from the USA dominate these days, the meeting of the Bank of Japan officials can also be interesting to traders and long-term investors.
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Fundamental analysis from New Forex: Europe
In general, European stock indexes are traded with lowering because of the strengthened common currency and Swiss franc against the American dollar while the weak economic background in Britain put the considerable pressure upon pound sterling. Inflation in Great Britain spurt into the lead, having overtaken the wages rise and employment with which the parity remained nearly two years. The all-European benchmark of Stoxx Europe 600 weakened for 0.3% whereas German of DAX decreased by 0.22%, French of CAC weakened for 0.17%, and FTSE in Britain added 0.25%. Among leaders of growth there are cyclic shares, and also the gold which added 0.2% to $1,19425 for ounce. The global test of cost of Brent oil showed decrease in 0.3% to $55.34 for barrel. The European currency is traded with a surplus in 0.2% to the level of 1.0733 against US dollar whereas the Swiss franc became stronger with a surplus in 0.1% against its main competitors having acted as currency shelter. The British pound fell against the background growth fall rates of the income and acceleration of inflation. The economy of Great Britain grew up by 2% in 2016 being movable only by strong consumer spendings.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
In the markets currency wars expand and this time Trump’s administration became interested in manipulations of Japan and Germany devaluating currencies to improve trade prospects. At the same time, the American dollar fell to thirty-year minima in January in monthly expression after the American president noted essential benefits which purchase the countries due to devaluation of national currencies. The regional benchmark index of MSCI is still in flat while the Japanese shares also move according to a side trend. China still celebrates lunar new year but data for January showed increase in production and services in the market. Stock indexes of Wall Street for today: S&P and Nasdaq are in flat while industrial Dow lost 0.54%. The Australian ASX lifted 0.57 and the Canadian TSX relatively lost 0.12%. The US dollar slightly recovered against yen and traded at the level of 112.94 near intra-day minima in 112.08 having come off its maxima in 115.01 which was on Monday. The Canadian dollar is traded stronger than yen and the British pound but is the weakest than other principal currencies. The Australian dollar got the upper hand but yielded superiority to the American dollar. Today officials of Committee on credit and monetary policy will discuss the prospects of the US monetary policy and after FRS will make the statement with the decision on an interest rate. Most of economists don’t expect any changes this time.
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Fundamental analysis from New Forex: Europe
Last month the European stock indexes lost a bit in its positions and yesterday’s fall to its week minima was the culmination of sag. The cause is Donald Trump’s protectionist policy undermining more and more trade prospects of the single market every day. However, most of economists consider the European shares to be still more liquid than American no less than for the medium term. The Pan-European benchmark of Stoxx Europe 600 lost 0.7% and is traded near its week minima having fallen at 1.1% last session. Meanwhile the data on Tuesday showed that inflation in the eurozone grew almost to the target objective of the European Central Bank that emphasizes acceleration of economic growth rates of the single market while unemployment punched its seven-year minima. The common currency is traded near its week minima against the American dollar at the level of 1.0793 and with losses at 0.14%. At the same time the British pound sterling was developed and falls providing high liquidity to shares of the City of London. The Swiss franc though is stable but managed to suffer from weak data on export for the last year. The European shares will grow up while the currency weakens and in the USA a situation is similar but the European papers are more liquid and therefore the single market still advances the USA in protectionist policy but nobody knows for how long it will continue.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The stock indexes in the Pacific Rim grew to its October maxima while the American dollar grows against the background of optimistic officials statements. The U.S. Federal Reserve System is disposed to a fast interest rate development. However it didn’t occur this time. In other words, FRS takes a timeout on looking narrowly to the market prospects. The regional benchmark index MSCI escaped to its four-months maxima having closed with a surplus in 0.6% and the Japanese Nikkei closed with losses in 0.3% because of the strengthened currency. Wall Street indexes also extended today: Dow added 0.15%, Nasdaq grew up by 0.5% while S&P 500 closed with absolutely small surplus in 0.03%. The American currency is traded at the level of 113.28 against yen while the index of US dollar fell by 99.75. The Australian dollar also jumped up to almost three-months maximum in 0.7648 against US dollar after Australia published the biggest trade surplus in December. The Canadian dollar also became stronger against the background of consumer spendings growth and even despite the weakened oil lost 0.4% for barrel on futures of Brent.
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Fundamental analysis from New Forex: Europe
The European stock indexes developed and grew against the background of an economy industrial segment growth including amounts of industrial inventories and shares of miners grew that in an essential measure was promoted by strong corporate results in Europe and China — the largest consumer of metals. As a result, shares of miners showed the largest growth among other sectors, having added 1.6% in general. On this background the all-European benchmark index of Stoxx Europe 600 grew up by 0.2%, and the main national stock indexes were placed in the positive territory in the range of 0.1-0.3% of growth respectively. The European currency became stronger at the level of 1.0784 against the American dollar having jumped aside its recent minima in 1.0730. Earlier the common currency grew to the level of 1.08125 after Trump’s administration charged some markets of intended currency devaluation for the purpose of trade prospects improvement. The British settled in the negative territory as the leader of today’s fall and CHF is stabilized against the background of the weakened interest in hedging of financial risks.
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NewForex Analyst
Alex Vergunov

Fed leaves interest rates unaffected
On Wednesday, in the first meeting since The US President Donald Trump took office, the Federal Reserve System held interest rates constant but painted a relatively upbeat picture of the U.S. economy that implied it was on track to tighten monetary policy this year. The U.S. regional bank said job gains endured stable, inflation had increased and economic confidence was increasing, although it gave no firm signal on the timing of its later rate shift. The Federal Reserve System policymakers are still waiting for the clarity on Trump’s economic policies.

NewForex Analyst
Michael Butnitsky

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The stock indexes in an Asia-Pacific region are weakening against the background of the hedge oriented investment moods in the markets inclining save haven currencies such as Japanese yen and Swiss franc. At the same time forecasts for prospects of the Chinese economy polarized analysts: one expect growth of currency holdings this month against the background of the international currency exchange control toughening while others doubt relevance of similar forecasts and consider that allowances will continue to fall. MSCI benchmark index on the Pacific Rim lost 0.15% and the Japanese Nikkei lost about 0.45% as the strong yen undermined prospects of national exporters. The Chinese shares are traded in flat according to the CSI 300 index. The Wall Street lost 0.2% being led by the energy sector which was injured because of the weakening oil prices and bargain for fresh economical and political decisions from the president Donald Trump. Only the Australian ASX was closed with a surplus — increase in 0.11-%. The Canadian colleague TSX lost 0.13% like the American Dow Jones because of the weakened energy costs. The American dollar added 0.1% against yen and is traded at the level of 111.83. However the yen trades above the majority of principal currencies today. The US dollar index also grew up by 0.1% and remains at the level of 99.909. The Australian dollar lost 0.1% and fell to the level of 0.7652 against US dollar. The New Zealand dollar jumped up for 0.6% to its three-months maxima in 0.7368 against the greenback. Later on today the Australian Central Bank, as expected, will keep interest rates on hold at record-breaking low level in 1.5%.
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Fundamental analysis from New Forex: Europe

Decreasing of European shares gave a flat tire to the president of France at the wrong time that at the background of the beginning of the right National Front company which is headed by Marine Le Pen who opposes globalization and denouncement of member agreements with the European Union in particular. At the same time, the IMF predicted surplus for the Greek budget from 1.5 to 3.5% relatively by 2020 specifying the strong prospect of the European periphery recovery. Most of the IMF directors were equally of the opinion that further fiscal consolidation isn’t necessary to Greeks any more considering impressive results of reforms for today. However, at the suggestion of the Managing Director of the International Monetary Fund it was decided to allocate one more tranche in 86 billion euros in the third quarter this year to strengthen the acquired potential including the expand of a tax base according to the PIT and to rationalize pension expenses making room for the low tax rates and benefits for poor population stratums. The common currency lost for 0.2% and fell to the level of 1.07245 against US dollar. On Monday, euro lost 0.7% in intraday expression and 0.3% following the results of closing. For today the Swiss franc fell against the background of gold prices turn and lost 0.3% while the British pound trade above the majority of principal currencies. The situation in Europe is ambiguous: on the one hand, news from Greece demonstrate strengthening of the periphery; on the other hand — strengthening of euro against the background of weak US dollar undermines fiscal initiatives of the European Central Bank and supports oppositional rhetoric in France.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Today, asian shares trade slightly below four-months maxima while the European currency was undermined by ambiguous prospects of Trump’s decision on foreign policy and the future presidential elections in France during which conservative leader François Fillon yielded a position to centrist and extreme right candidates so that fact prompted profitability of the French national bonds. The MSCI regional benchmark index grew up by 0.1% at the end of trade having carried out the most part of session in the negative territory. The Japanese Nikkei index grew up by 0.5%. In Wall Street there is observed a surplus most of all in technological sphere by Nasdaq which added 0.2%. Growth of S&P 500 was limited by weak oil prices and constituted only 0.02%. Dow also grew up by 0.2%. The Australian ASX added 0.52% and the Canadian TSX grew up by 0.27%. The American dollar weakened against yen after the moment when Trump strictly scarified currency manipulations of the Bank of Japan, so now it is traded at the level of 112.35 near its four-months minima. The Australian dollar continued to grow against most of competitors and is traded at the level of 0.7634 against the greenback with a 0.17-% surplus. The Canadian colleague also strengthened against the American dollar at the level of 0.7591 with a surplus in 0.13%. The Chinese yuan weakened a little after the data showed an unexpected fall of China currency holdings in January, for the first time within the last six years. This situation appeared to be the same as some economists supposed it because of currency exchange control in the global financial markets toughening.
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Fundamental analysis from New Forex: Europe
The stock indexes in Europe grow restrictedly because of political environment in France limiting investment prospects of the country. Financial scandal over the former leader of a race — the conservative Fillon who displaced final prospects for benefit of the centrist Macron on the one hand and the extreme right anti globalist opposing the EU and Marine Le Pen on the other hand. However, the European shares nevertheless grew led by mining and financial sectors. The all-European benchmark index Stoxx 600 grew up at 0.5%. The British FTSE is in a flat. The Norwegian insurer Storebrand showed the largest growth of index with a surplus in 6.9% to nine-year maxima. The French banks weakened because of the sovereign bonds growing profitability. The European currency weakened at 0.6% against the American dollar and now it is traded at the level of 1.0682. The British pound is in a defensive line items against the background of fresh updating Brexit problems and Swiss franc which went to deaf defense weakening against the majority of principal currencies and being traded at the level of 1.0006 against the greenback. The Swiss currency is traded poorly this week because of new interest towards risk which is beating out gold back in the descending tendency.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The stock indexes in Asia grew to its year and a half maxima among which the Chinese indexes were in the lead with the widest separation from other Asian colleagues having developed after long stagnation in trade. At the same time the American dollar strengthened against the background of the growing instability in Europe and the European funds received a quite good surplus because of weak currency. For today the all-European benchmark index of MSCI on the Pacific Rim added 0.4% to its three-annual maxima where the markets of Hong Kong and China in general were the most effective. The Japanese shares also remained in the center of attention because of a meeting between the U.S. President Donald Trump and the prime minister of Japan Shinzo Abe on Friday. The US dollar is traded at the level of 100.31 against main competitors according to the trade weighted index while the Japanese yen also received an essential surplus because of the growing interest in hedging of financial risks. The Australian and Canadian dollar became stronger against European currencies but are traded more weakly in an Asia-Pacific region.
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Fundamental analysis from New Forex: Europe
In Europe shares are traded with a surplus thanks to weakening interest towards single and also to a number of local sovereign currencies but are significantly limited to cool political problems in France which underwent to threat with an exit from the European Union. At the same time in Great Britain the tax share grows to its highest levels since 1986 in compliance with data of Institute of financial studies. Higher income in the budget from taxes and low growth rates will promote formation of these indicators according to data of the think-tank. The consumer price index grew to 1.6% in annual expression in comparison with 1.2% the previous year according to data of Management of national statistics. The common currency weakened at 9 points against the American dollar and is traded at the level of 1.0682 that promotes growth of the European funds showing the most expressive results in industrial and financial segments. Meanwhile, the pound sterling shows potential to growth against the background of other regional currencies while the Swiss franc weakens because of the growing interest towards risk in the European region.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The stock indexes in Asia lingered on the level of year and a half maxima against the background of the fresh trade data from China which showed almost 8% of surplus on export and 17% on import last month. Also quite firm growth is observed both on Wall Street and in Europe emphasizing the widest interest in shares and stock markets in general. The widest benchmark index of the region MSCI grew up by 0.5% and received a 1,5% surplus this week while the composite index of Shanghai grew up only by 0.5%. This week the Japanese Nikkei added 2.5% thanks to the weakened yen and added 2.4%. Three main indexes of Wall Street are near its record maxima after Trump promised to disclose details of tax projects within the next several weeks and as it is expected will open the strongest prospects for growth of the American funds. Thanks to the strongest data from the labor market which showed decline in demand for unemployment benefits to 43-year minima, the US dollar grew up by 0.1% against a basket of the trade weighted competitors and also at 0.8% for this week and for 0.4% against the Japanese colleague having become stronger at the level of 113.75 with a surplus which was more than 1 this week. The Australian dollar grew up by 0.2% against the greenback and was stabilized at the level of 0.7651 supporting optimistical forecasts of RBA for bullish tendencies in monetary policy.
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Fundamental analysis from New Forex: Europe
In Europe the stock indexes grow thanks to strong corporate profits in energy and also bank and pharmaceutical sectors with the growing US dollar which took away the European colleague in defensive line items. This action opened the broadest prospects for the European stock market. The French bank — second-large among commercial in the country, became the leader of the European growth on Thursday having added 11.6%. The stock markets of Europe grow actively because of weak euro: the European benchmark Stoxx 600 added 0.8 and finished its two-day growth at the level of two-week maxima. German DAX grew up by 0.9% and the German blue chip index, according to the main investment strategist Christian Kaler, can grow by 8% to record-breaking high levels this year that is promoted by the solid corporate income and economic growth in regions that can compensate even policy risks. Revenue of telecommunication services was reduced less last year than it was expected and firmer Internet and mobile sales are predicted. Here the European index of the mining industry lost 0.1% against the background of inefficiently wide offer which entered the return correlation with the fallen copper prices and nickel. Euro remains under pressure of policy risks in France but at the same time is stable and is traded around the level of 1.0655 against the greenback having managed to lose a little more than 1% this week. However, criticism in relation to currency manipulations in the global markets from new American administration gaining steam, the rate of such currencies as euro, yuan or the Japanese yen will disperse — it is inevitable and therefore traders and investors shall be very vigilant in relation to such news. Let’s remember at least how the recent criticism from the new U.S. Treasury Secretary Mnuchin affected surplus of currency holdings in China.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The dollar passes the baton to bulls against the background of the Federal Reserve System aggressive policy which strengthened its chances to increase the interest rates in the USA next month. Asian shares grow among which shares of mining companies are leading the pack. Global shares are traded near its record maxima. Nevertheless, these days care and small-bore trade volumes prevail in the markets waiting for plans of new American administration for the future budgeted expenses. South Korean Kospi jumped up at 0.9% to the highest level since 2015 while the Japanese Topix added 0.6% having expanded its rally on Monday. Hang Seng in Hong Kong decreased by 0.4% but Hang Seng China Enterprises grew at 0.1%. Shanghai Composite added 0.4%. The Australian ASX and the Canadian TSX lost 0.07 and 0.16% relatively. The US dollar grew against the majority of principal currencies after the head of the Philadelphia’s Federal Reserve System, Patrick Harker supported the prospects of next month toughening monetary policy. The Australian dollar is in deaf defense with losses in 0.3% against the greenback and the Canadian though feels steadily and trades above most of competitors loses 0.2% against the greenback. On Monday, the yen dropped by 0,4 percent to the level of 113.59 against dollar after decrease at 0,2 percent.
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Fundamental analysis from New Forex: Europe
The United Kingdom of Great Britain and House of Lords of Northern Ireland discuss the bill which will allow the prime minister Theresa May to begin an exit procedure from the European Union. At the same time some members aim to make changes which deputies from opposition in the lower house of communities couldn’t make. Marine Le Pen strengthened line items against rivals in France having secured with support of socialists and left having pushed away profitability of the German bonds to the maxima of 2012. On Monday, the European benchmark index Stoxx 600 was closed with a surplus in 0.2%. Among large corporate sags we will note the shares of the Unilever company which weakened at 5.1% after a final gap of the offer for 143 billion dollars on Kraft Heinz company takeover. Profitability of 10-year eurobonds grew to 2.44%. On Monday, the British FTSE was in the lead of regional growth. Euro lost 0.3% against US dollar and is traded at the level of 1.0585. The British pound is in a deaf defense with losses in 0.35% against the greenback at the level of 1.2428. The Swiss franc strengthened against the European colleagues but is traded more weakly than an Asia-Pacific currencies with losses in 0.28% against US dollar. Gold dropped at 0.4% to 1.2337 for ounce. Metal alternates profit and losses for the last four sessions.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
This week the Asian stock indexes weakened while the yen and gold have stabilized in a side trend after the three-day growth as investors show care before the performances of Donald Trump and head of the USA Federal Reserve System, Janet Yellen. Insurers and banks started to decrease in Tokyo after profitability of treasury bonds fell having come off its July maxima. Last week the iron ore is adjusted to growth benefit after notable sag. The regional benchmark index MSCI weakened at 0.3% after the last week 0.5% growth. Topix in Japan lost 0.9% having slowed down on exporters and banks. Meanwhile, Hang Seng in Hong Kong grew by 0.1% and trades slightly below 24000 and the Shanghai Composite index lost 0.3%. The economy of China in general remained steady during lunar New year but there is an uncertainty connected with prospects which open after the February reporting under fixed assets. The ASX index in Australia decreased by 0.3%, and the New Zealand NZX grew by 0.3%. Futures of S&P 500 added 0.2%. The greenback recovered its early losses and strengthened against yuan and Mexican peso in relation of other currencies and main competitors which are traded poorly. The Australian dollar got the upper hand after today’s growth having added 0.25% against the greenback. Today the Canadian dollar is traded above the most of its main competitors. On the agenda there are future performances of Trump and Yellen which can provoke rally to US dollar.
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Fundamental analysis from New Forex: Europe
The European funds are recovering from the losses received last week, but correction insignificant. Banks and the financial organizations continue to suffer from political uncertainty worldwide while in France the primary goods faced low Chinese demand that undermined interest in the European raw and industrial markets. Earlier on Friday, the regional benchmark Stoxx 600 weakened at 1.1%. In the goods markets futures for WTI crude oil grew up by 0.4% to $54.21 for barrel after losing 0.8% on Friday. Iron ore was corrected at 4% up. The banking sector still expects turning the levels. At the same time the European currency goes a side trend against the greenback at the level of 1.0565 having become stronger against yen and the Canadian dollar. The British pound weakened at 0.3% after the London Times reported that the prime minister of the United Kingdom of Great Britain and Northern Ireland,Theresa May is going to organize a referendum on Scotland independence in March. The Swiss franc became stronger against the number of main competitors. It is considerably limited in growth by fall of gold at 0.1% to $1.2566 per ounce.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Asian funds grow but they are noticeably limited as the Tokyo shares weakened and the currency became stronger waiting for Trump’s performance before the Congress. Oil trades above $54 for barrel during the last day of trade month. The head of the Federal Reserve System Dallas Kaplan declared that officials should pay attention to interest rates «rather earlier, than later» and not to pay attention to market expectations in order not to take away the economic growth in a discrepancy from curve inflation. Futures on federal funds show 50-% probability of increase in rates at the meeting on March 14-15. MSCI benchmark index in the region lost 0.1% having released the early bullish initiative taken at the beginning of the Asian session. The index grew by 2.2% for February and added about 10% since the beginning of year. Topix in Japan grew at 0.1% after losing 1% on Monday. ASX in Australia decreased by 0.2%. South Korean Kospi grew at 0.3%. Hang Seng lost 0.5% while Shanghai Composite added 0.1%. HS China Enterprises showed that funds of the People’s Republic of China sank at 0.3% today but secured with a monthly surplus in 5.1%. Futures for WTI crude oil grew at 0.3% to $54.20 for barrel and are traded near its maxima during 2,5 years. The greenback is traded at the level of 112.62 against yen easing at 0.1% but nevertheless recovered from the level of 111.920 — its two-week minima which was reached yesterday. The Australian dollar grew at 0.2% to 76.87 cents against the greenback as in anticipation of the report on GDP which will be published later on Wednesday. FRS representatives will appear before the public this week including the chairman Yellen who is going to act in Chicago on Friday. The Bank of Japan intends to enter system of the accurate reporting under purchase transactions of bonds having announced an exact dates of monthly purchases and their amounts.
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Fundamental analysis from New Forex: Europe
Funds in Europe continue to grow with leading miners because of activation of industrial activity in China as it is one of the largest importers of the European raw materials, and also because of the growing banks accepting the prospects of rates in the USA growth. New conditions of global financial regulation which initiative is actively advanced today by Trump and the U.S. Department of the Treasury was led by Steven Mnuchin. The all-European benchmark Stoxx 600 extended at 0.4%. Regional indexes grew with a small surpluses on the majority of fixed assets among which there are financial organizations and raw markets were beaten out to leading line items. The London FTSE added 0.1% while the Frankfurt DAX added 0.16%. In France CAC 40 was late in flat and here Italian MIB surprised everybody by growing at 1.7%. The European currency stabilized against the greenback at the level of 1.0586 with a surplus in 0.1% while the pound was in deaf defense and the Swiss franc tested a considerable surplus having gained nearly 0.25% against US dollar because of increase of gold and at the same time the lowered investment appetites to risk which directed global trade towards hedge transactions. Gold grew at 0.1% to $1,254.17 for ounce after fall at 0,4 percent during the previous session.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The Asian markets which are departed from Thursday’s rally while shares in the USA are traded poorly and the head of the Federal Reserve System, Yellen is going to weigh the prospects of interest rates increase. The greenback is in a flat having interrupted the longest victorious series since May, 2016. The stock market in Japan weakened after three days of growth even in spite of the fact that consumer prices indicators grew for the first time since December, 2015 and weakened prices of metals buy putting pressure upon the Australian shares while South Korea funds fell on reports that China will constrain tourism within the country. The yen became stronger after a four-day series of defeats against the background of confidence growth in FRS to raise rates this month. This year, on the region-wise the Benchmark-MSCI lost 0.9% having shown the broadest easing. The Japanese Topix lost 0.6% after it was closed at the highest level since December, 2015 on Thursday. The ASX index in Sydney lost 0.8% after its biggest splash since November during the previous session. Kospi decreased at 1.2% to November’s minimum. The Hang Seng index was reduced by 0.6% and the assessment of Chinese shares in Hong Kong showed its decrease at 0.8%. The futures for the S&P 500 index dropped at 0.3%. The yen grew up at 0.2% to 114.21 against the greenback. This week, the currency still loses 1.8% demonstrating the largest recession during this year. The dollar almost didn’t change by closing the five-day rally this week. The Australian dollar is traded in the negative territory with decrease against all main competitors. As for today, the Chinese national political advisory conference including more than 2000 political elite, heads of business and other large lobbyists opens an annual session in Beijing. Also later for today, Yellen will comment the state of the economy and interest rates.
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Fundamental analysis from New Forex: Europe
The European stock indexes weakened on Thursday against the background of the developed bank shares and fixed assets which were growing persistently during the previous session. However, some large corporate profits in the energy sector partially compensated sags in financial and consumer sectors. What impresses me the same time is that the season of high yield European funds moves in its last stage now. The all-European benchmark index Stoxx Europe 600 was closed in a flat from 75% of the companies which reported that the profit per share grew up by 12,1% in annual basis to the maxima of the 4th quarter 2013. Subsea 7 — the large company of petroservices added 5.5% against the background of the super positive reporting for the 4th quarter and the prospects of special dividends payments. Engie — the French oil and gas company added 8.2% having shown the best surplus since the end 2008 after the income of the company for 2016 came according to expectations of analysts. The European currency got stronger against the background of the European Central Bank attempts to review the prospects of financial activity in the public markets and works with short-term interest rates pressure upon which expanded spread between the German and American bonds to the 2008 maxima. The British pound took a position of today’s fall leaders while interest in Swiss franc renewed against the background of the growing appetites towards financial risks hedging.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
Shares in the USA are weakening already for the third day and the dollar grows against the background of the expanding prospects of increase in interest rates next week. Shares of the energy companies fell and health weakened after Donald Trump promised to reduce medicines prices in the USA. Profitability of 10-year treasury bonds grew to 2.51% and copper fell to the monthly minima. The prospects of global economy growth remain rather strong to resist the growing costs for borrowings. S&P 500 lost 0.3% and fell to the level of 2.3682 having shown the first two-day recession since January. Shares of the health companies dropped at 0.5% after Trump declared that he works on the new system competition in pharmaceutical industry. At the same time Asian shares grow among which papers of continental China and Hong Kong are in the lead. The MSCI index added 0.25%. The US dollar grew a little: the dollar index almost didn’t change but the greenback added 0.1% against euro and is traded at the level of 1.0570. The Australian dollar also got stronger against most of competitors and slightly grew against US dollar. The Canadian dollar was beaten out in leaders of today’s growth yielding only to the Japanese yen. The data on work positions in the USA will appear on Friday. According to the average forecasts employers added about 190 000 workplaces reflecting signs of a strong growth of employment population.
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Fundamental analysis from New Forex: Europe
The stock markets in Europe weakened earlier on Tuesday after Trump undermined the pharmaceutical companies prospects growth. Some companies reported weak quarter data for 2016 by aggravating a situation even more. In general, data from Germany also supported the descending trend having reported on fall of industrial orders for 7.4% in January that demonstrates the largest monthly fall for the last eight years because of decrease as internal demand and in the eurozone. The all-European benchmark index of Stoxx Europe 600 dropped by 0.3% already for the fourth time in a row. However, the index is still traded near 15-month maxima because of the surplus profit which was received last week. The index of health sector served as the strongest burden for Stoxx Europe having dropped by 1%. Euro dropped by 0.05% against the greenback and trades below all other main competitors. The British pound lost 0.3% against US dollar and is traded at the level of 1.2206 near seven-week minima. Swiss franc is in deaf defense because of steady global appetites to risk. On the goods market WTI crude oil lost 16 cents to $53.14 for barrel. The Oil Minister of Saudi Arabia Khalid al-Falih told, however, that OPEC and partners achieve enough good results in ensuring promised reductions. Copper falls already for the fourth day and today it became known that inventories in warehouses to the London metal exchange jumped at for 33% in 2 days having shown the greatest surplus since 2004. Gold in three last months lost 0.7% and is traded at $1217.30 per ounce losing 0.8% during previous session.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The Asian stock indexes grow as oil has recovered more than forecast data on trade in Japan increased the optimism in the global markets. The New Zealand dollar became stronger against the background of faster inflation. Topix in Japan received the largest weekly surplus more than per month. The Australian shares also rose and shares of Hong Kong stopped its three-day departure. The futures S&P 500 index raised after the turn in crude oil suspending the fall in the stock markets of US. The reports in the Beige book of the Federal allowance showed that the economy of the US continues to extend steadily and while the FED deputy head, Stanley Fischer noted the growth prospects to world economy in relation to gradual toughening of the Central Bank monetary policy. The Japanese Topix added 0.4% therefore its week surplus constitutes 1.2% today. The Hang Seng index increased 0.5%, the Australian ASX 200 index added 0.3%, and South Korean shares grew by 0.4%. Shanghai Composite almost didn’t change after four days of losses and it is near the lowest level since February 8. The Japanese export grew most in high gear more than in two years in March supporting the bullish view of world economy. The yen decreased by 0.1% to 108.94 against the greenback after the decrease at 0.4% on Wednesday. The New Zealand dollar increased 0.5% to 70.36 cents of the USA. The Australian dollar increased 0.1% to 75.06 cents of the USA after the decrease by 0.8% on Wednesday. The index of dollar weakened at 0.1% after the increased at 0.5% earlier. The Vice President of the United States, Mike Pens continues the Asia-Pacific trip and today has stopped in Jakarta. The decision of Indonesian Central Bank on interest rates is expected later for today.
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Fundamental analysis from New Forex: Europe
Load of the European shares weakened on Wednesday after they took out the worst session for the last five months on Tuesday in the run-up to the first round of votes on the French elections earlier. The monthly research of Bank of America managers, Merrill Lynch’s funds showed that professional cash managers are displaced towards the European shares despite the selective rate in the second-large economy on the continent. The same thoughts are divided by strategists of Credit Suisse. The all-European Stoxx 600 index was closed with a surplus at 0:24 to 377.24 after DAX in Germany increased 0.13% to 12.0164 and French CAC added 0.27% to 5.0037. At the front data, the positive balance of the Eurozone trading balance exceeded the forecasts in €18 billion and extended at €19.2 billion in February with €15.7 billion in January. The group of 19 countries exported goods for €170,3 billion and imported for €152.6 billion. Export increased 0.4% since January and import at 1.7%. Euro closed without any essential changes against US dollar at the level of 1.0710 but became stronger at 0.24% against pound sterling on 0.8375. It is supposed that already on May 7 the centrist Macron and the far right eurosceptic Le Pen will win in the first round but extremely left Melanson and the conservative Fillon quickly gain the steam in fight.
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NewForex Analyst
Alex Vergunov

[AnnaMon]

Fundamental analysis from New Forex: The Asia-Pacific region
The Asian markets renewed rally as shares in Hong Kong increased to a 21-month maximum. Futures for the stock indexes of the USA weakened as Donald Trump dismissed the head of FBI, James Koydi while the nuclear program of North Korea continues to disturb investors. The Chinese companies which are quoted in Hong Kong grew even when shares fell in Shanghai. South Korean shares departed from its record-breaking high level after the victory Mun Dzhein at presidential elections. The dollar also departed from monthly maxima after bearish comments of FRS officials. Nikkei 225 in Japan was closed at the level of 20000 in anticipation of wide income statements among the largest companies. Investors are concentrated in the Chinese market after the sale as they from the middle of April of the share and the bond in total weakened for $450 billion. Against the background of politicians attempts to fight against leverage, the Chinese data show that increase in prices of producers in April was slowed down stronger than it was expected. Hang Seng increased 0.9% to the highest level since July, 2015. The section of the Chinese shares added 1.4% to HS being closed with profit already for the third day. The Shanghai Composite index departed from 0.7% while Topix in Japan increased 0.2% and Nikkei 225 at 0.3%. Kospi in South Korea decreased by 1% after adding 2.3% on Monday having shown the largest surplus since September, 2015. The markets in Malaysia, Sri Lanka, Singapore and Thailand are closed for holidays. Futures for S&P 500 decreased in price by 0.2% and the index decreased by 0.1% on Tuesday while the index of volatility CBOE grew after it was closed with minima of 1993 earlier on Monday. The South Korean won decreased by 0.4%. The yen became stronger at 0.1% to the level of 113.93 against dollar. The Japanese currency decreased for the last three sessions to the lowest level from the middle of March. The index of US dollar lost 0.1% after it increased 0.3% on Tuesday. Gold in the spot markets decreased in price by $1221.60 per ounce. Metal weakens on an extent of already five sessions. Brent oil increased 0.7% to $46.20 per barrel after the decrease by 1.2% on Tuesday.
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Fundamental analysis from New Forex: Europe
The European funds were closed on a front line on Tuesday despite the resumed pressure upon euro and crude oil futures as some traders also doubted their force, specifying steadily low volatility on some main indexes, such as the American VIX. Pan-European Stoxx 600 was closed with a surplus in 0.45% on 396.06 and with 21-month maximum respectively while German DAX added 0.43% and came nearer to 12750.00 and the Parisian CAC increased 0.28% and was closed at the level of 5398.01. After the day before yesterday sags the European markets cheered up and especially in cyclic sectors with indifferent moods of investors vanished how policy risks are displaced on a background. EUR/USD weakened against the background of aggressive comments of FRS officials and was closed at the level of 1.0875 that there is 0.44% below than the level of closing on Monday and 200-day moving average. The positive balance of trading balance of Germany with the rest of the world made 25.4 billion euros. According to an economic calendar we expect data on retail sales in Italy which will be published later on Thursday.
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NewForex Analyst
Alex Vergunov