Forex Signals


Forex Market Report| Epic Research


Forex – Dollar Hits Day’s Highs on Powell Testimony
Forex – EUR/USD tumbles to sub-1.1700 area ahead of Powell
Forex – GBP/USD tumbles to lows, around mid-1.3100s on Brexit concerns

After clinching fresh tops in the 1.1740/50 band in early trade, EUR/USD met a wave of selling orders and has now retreated to the 1.1700/1.1690 band. The pair gave away initial gains beyond 1.1700 the figure and is now remain under pressure in light of the upcoming semi-annual testimony by Fed’s J.Powell before the Senate Banking Committee. USD gathered extra traction after US June’s Industrial and Manufacturing Production expanded beyond consensus at a monthly 0.6% and 0.8%, respectively. On the not-so-bright-side, Capacity Utilization Rate came in at 78.0%. missing estimates albeit higher than May’s 77.7%. Looking ahead, investors expect Powell to deliver a message in line with the statement published at the June meeting, although attention has also shifted to the yield curve and the continuation of the gradual path when comes to raising rates. At the moment, the pair is losing 0.12% at 1.1696 facing the next support at 1.1663 (21-day sma) seconded by 1.1615 (low Jul.13) and finally 1.1527 (low Jun.29).


The GBP/USD pair extended its sharp intraday slide and tumbled around 120-pips from the post-UK jobs data swing high level of 1.3269. The latest UK political headlines, wherein Labour party members were said to support the amendment offered by rebel Tory MPs to keep Britain in the customs union after Brexit raised concerns about the UK PM Theresa May’s future and prompted some aggressive selling
around the British Pound. This coupled with resurgent US Dollar demand, amid expectations about an upbeat economic outlook from the Fed Chair Jerome Powell’s semiannual congressional testimony, added to the downward pressure surrounding the major. The ongoing sharp decline could also be attributed to some cross-driven weakness, steaming out of a sudden spike witnessed around the EUR/GBPcross.




Forex Market Update| Epic Research


Forex – Dollar Slips Lower, Euro Pushes Up to Day’s Highs
Forex – EUR/USD unchanged above 1.1700 post-US Retail Sales
Forex – GBP futures: upside corrective near term


EUR/USD keeps the positive stance intact at the beginning of the week, although it has now receded from tops beyond 1.1720 in the wake of US data releases. The pair trades in the area of 3-day peaks after US headline Retail Sales expanded at a monthly 0.4% during June and Core Sales rose 0.5% inter-month, both prints coming in in line with initial estimates. In addition, the NY Empire State manufacturing index
came in above expectations at 22.60 for the current month, a tad lower than June’s 25.00 reading. Looking ahead, spot is poised to remain under scrutiny in light of headlines from the Trump-Putin meeting and the upcoming testimonies by Fed’s J.Powell on Tuesday and Wednesday. At the moment, the pair is gaining 0.21% at 1.1714 and a break above 1.1726 (high Jul.16) would target 1.1735 (55-day sma) en-route to 1.1792 (high Jul.9). On the other hand, the immediate support aligns at 1.1657 (21-day sma) seconded by 1.1615 (low Jul.13) and finally 1.1527 (low Jun.29).


GBP/USD has lifted to kick off the week’s trading, testing into the 1.4000 handle in the pre-London markets. The Sterling is capitalizing on Dollar buying taking a break in the early week, with Brexit concerns currently forgotten as an increasingly hawkish outlook from the Bank of England (BOE) takes center stage for the pair. BOE Deputy Governor Dave Ramsden turned surprisingly hawkish over the weekend, after voting against a rate increase last November. Deputy Governor Ramsden went on record, stating he expects a rate increase “somewhat sooner rather than somewhat later”, sparking some confidence in the Sterling. Brexit continues to weigh on the Sterling in the underlying, with hardline Brexiteers within Prime Minister May’s ruling Conservative party continuing to rage against PM May’s ‘soft Brexit’ approach to negotiations with the EU.




Forex Market Update| Epic Research

Forex – Dollar Extends Early Gains, Euro Slips
Forex – Sterling Edges Higher, UK GDP Data Eyed
Forex – EUR/USD bounces off lows, looking to stay above 1.1700



The dollar extended early gains against a currency basket on Tuesday, sending the euro lower, while mixed GDP data and political instability weighed on the pound. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.25% to 94.04 by 09:28 AM ET (13:28 GMT). The euro was weaker against the firmer USD, with EUR/USD down 0.27% to 1.1719 after falling as low as 1.1691 earlier. In the euro zone, data on Tuesday showed that German investor confidence fell to the lowest level in six years in July as fears over an escalation in trade tensions with the U.S. dampened the economic outlook. The ZEW index of German investor sentiment dropped to -24.7 this month from -16.1 in June, the weakest reading since August 2012. The dollar was also higher against the yen, with USD/JPY climbing 0.33% to 111.19, the most since May 21. Demand for the dollar continued to be underpinned by expectations for a faster pace of rate hikes by the Federal Reserve this year.

The pound edged higher on Tuesday despite fresh uncertainty over Brexit following the resignations of David Davis and Boris Johnson, as investors awaited growth data that could keep the Bank of England on track for an August rate hike. GBP/USD was trading at 1.3274 by 03:53 AM ET (07:53 AM GMT), having touched an overnight low of 1.3224. Sterling remained on the back foot after Boris Johnson resigned as British foreign secretary on Monday, becoming the third minister to quit the government in twenty-four hours, rather than back Prime Minister Theresa May’s plans for a soft Brexit. Johnson’s resignation increased the chance that May could face a vote of no confidence, which could throw the future of her government into doubt. But the pound found support amid reports that May could avoid a leadership challenge, keeping alive hopes that a softer Brexit may be on the cards moving forward. Sterling was also higher against the euro, with EUR/GBP losing 0.21% to trade at 0.8843.



Forex คืออะไร

Epic Research : Forex Insight


Forex – Dollar Dips on Soft U.S. Factory Data, BoE Boosts Pound
Forex – GBP/USD extends gains, rises to 1.3270
Forex – EUR/USD bulls take a breather above 1.16


The EUR/USD pair benefited from the broad-based selling pressure witness on the USD in the early NA session and erased its daily losses to turn positive above the 1.16 mark. After advancing to a fresh session high at 1.1633, the pair lost its momentum and was last seen trading at 1.1603, where it was up 0.25% on the day. The sudden risk-aversion felt in the last cıouple of hours dragged the 10-year US T-bond yields below the 2.9% mark and weighed on the greenback. The US Dollar Index, which rallied to a fresh 11-month high above 95 earlier today, dropped all the way down to 94.33 before starting to consolidate its losses. At the moment, the index is down 0.23% on the day at 94.55. Meanwhile, today’s data from the United States disappointed with the Philly Fed Manufacturing Index missing the market expectation of 29 with 19.9 in June. Furthermore, the housing price index came in at 0.1% in April to fall short of experts’ estimate of 0.3%.


The GBP/USD pair rose more than 150 pips from the daily low. Earlier today bottomed at 1.3100, the lowest since November. After the BoE decision climbed above 1.3200 and then, a weak US dollar boosted the pair further to the upside. Recently it printed a fresh daily high at 1.3270, the highest level since Tuesday. It was hovering around 1.3250/60, consolidating important daily gains. The pound is among the top performers on Thursday on the back of BoE policy expectations that changed after the 7-2 vote at the MPC and the comments regarding when to consider changes to the purchase program. “The GBP appreciated and Gilt yields rose across the curve on the hawkish signals from the Bank of England. The market is now pricing in above 65% probability of a rate hike in August (17bp priced) compared with around 45% probability prior to the announcement, while a November hike is now almost fully priced in.




Epic Research : Forex Update


Forex – Dollar Set for Biggest Weekly Slump Since March as G7 Meeting Kicks-Off
Forex – Despite Friday’s correction, posts best week since February
Forex – GBPUSD is Unlikely to Break Above Resistance at 1.34


The EUR/USD pair dropped on Friday after rising during the previous four trading days. Still, the Euro was about to finish the week sharply higher against the US Dollar supported by expectations about changes in the purchase program from the European Central Bank. Comments about the finalization of the QE program from the ECB, offset the story around Italian bond yields and supported the euro. EUR/SUD extended the recovery from the 11-month low it reached late in May at 1.1509. The recovery found resistance on Thursday at 1.1840 and pulled back on Friday. It retreated to 1.1725 and it was about to end the week hovering around 1.1760/70, up 110 pips from a week ago. The economic calendar shows a key week ahead. “On Monday, the outcome of the G7 meeting will be digested ahead of the highly expected meeting between US President Donald Trump and North Korean peer Kim-Jong Un in Singapore
on Tuesday”, said analysts at Danske Bank.


The GBP/USD pair rose more than 50 pips from the lows and climbed back above 1.3400. The US Dollar lost strength during the US session and pulled back across the board. Cable trimmed losses as the greenback moved off daily highs. The US Dollar Index fell from 93.75 back to the 93.50 area. Market participants focus their attention on the G7 meeting and are also getting ready for next week busy schedule that includes the FOMC meeting. The pair is testing the 20-hour moving average at 1.3405/20. A break higher could clear the way to more intraday gains. The immediate resistance is seen at 1.3435/40 (daily high) followed by 1.3455. As long as it remains under 1.3410 the pound could be seen as vulnerable. The immediate support is seen at 1.3380 that protects daily lows at 1.3353 and also a key uptrend line around 1.3340/50: a break of that line would weaken the technical outlook for the next sessions significantly.




Epic Research : Forex Market Insight


Forex – US Dollar Tests Two-Week Lows, EUR/USD Squeezed by ECB QE Prospects
Forex – Euro rebound boosted by ECB comments on ending stimulus
Forex – GBP futures: appears bullish near term


The euro rose to a nearly two-week high against the dollar on Wednesday after officials said the European Central Bank could wind down its stimulus program by the end of the year, as inflation has risen to its target. Europe’s common currency was on track to post its largest weekly gain versus the dollar since mid-February. Having revived growth with an unprecedented 2.55 trillion euro ($2.99 trillion) bond purchase program, the ECB has been debating whether to end the purchases this year as the threat of deflation has passed and the bloc is on its best growth run in a decade. Many traders expected the central bank to remain cautious at its June 14 policy meeting, given the uncertainty caused by a political crisis in Italy. But ECB chief economist Peter Praet said on Wednesday the central bank would next week debate whether to unwind bond purchases gradually. Germany’s central bank head said market expectations for an end to bond-buying this year were plausible.


The GBP/USD pair finally broke out of its Asian session consolidation phase and was now seen building on overnight gains, further beyond the 1.3400 handle. The British Pound remains supported by the recent upbeat UK macro data – manufacturing, construction and services PMI, which seems to have reignited hopes for an eventual BoE rate hike move, either in July or August. This coupled with the ongoing US Dollar retracement, marking its third consecutive day of declines, remained supportive of the pair’s strong up-move to a two-week high level of 1.3429. With trade developments continuing to grab all the market attention, traders largely shrugged off the incoming positive US economic data and continued dumping the greenback. Even a goodish pickup in the US Treasury bond yields did little to provide any immediate respite, with ECB QE exit talks lifting the shared currency and exerting some additional downward pressure on the buck.




Epic Research : Forex Market Insight


Forex – Dollar Steadies; Aussie Bearish Ahead of RBA Rate Decision
Forex – Euro Falls to Day’s Lows, Trade Fears Hit Loonie
Forex – Pound Hits Day’s Highs after UK Services Data

The euro fell to the day’s lows on Tuesday amid fresh fears over political developments in Italy, while the Canadian dollar dropped to two-month lows amid fresh trade concerns and oil price declines. EUR/USD was down 0.32% to 1.1660 by 10:37 AM ET (14:37 GMT), from 1.1717 earlier. The single currency was pressured lower after a speech by the prime minister of Italy’s new populist government raised the prospect of clashes with the European Union over economic policy. The euro was also lower against the yen, with EUR/JPY down 0.34% to 128.00. The dollar was little changed against the Japanese currency, with USD/JPY at 109.80, extending its recovery from a five week low of 108.10 set last Tuesday. Demand for the dollar continued to be underpinned after strong U.S. employment data on Friday cemented expectations for a June rate hike by the Federal Reserve and revived expectations for a fourth rate hike this year.

The pound rose to the day’s highs on Tuesday, jumping half a percent against the dollar after data showing that the dominant UK service sector grew at a faster than expected pace in May. GBP/USD was up 0.48% to 1.3375 by 05:15 AM ET (09:15 AM GMT), from around 1.3332 earlier. Sterling was boosted by data indicating that the British economy is showing signs of recovering from its recent slowdown triggered by bad weather, reviving expectations that the Bank of England might raise interest rates in August. Research firm Markit said its services purchasing managers’ index rose to 54.0 in May from 52.8 in April. Economists had forecast a reading of 52.9 on a scale where anything above 50 indicates expansion. The improvement in service sector activity added to evidence that the economy is on course to rebound in the second quarter, but firms noted that Brexit-related uncertainty remained a key factor holding back decision making among clients.




Forex Technical Analysis : NZD/USD

NZD/USD Technical Analysis: Recent Descent at Risk?

  • The New Zealand Dollar slowed down on the March 2009 line and is attempting is push higher
  • A morning star bearish inversion design still needs affirmation on the week after week graph
  • NZD/USD faces 0.7059, 0.7123 and 0.7187 next. Beneath it is 0.6930 and the pattern line

The New Zealand Dollar could be pointing higher against its US partner in the midst of caution signs on the month to month, week by week and day by day outlines. Beginning the with the first, on the quick diagram underneath, NZD/USD has now been subdued on numerous events in endeavors to push bring down since 2009. Associating these occasions together structures a rising pattern line from March 2009. The latest fizzled push was in May.


Zooming in, we investigate the week by week graph. Something intriguing has framed on the March 2009 line, a Morning Star. This is a bullish inversion designs. While it cautions that NZD/USD might turn higher, affirmation will be required as the example itself just shows uncertainty. Another week by week close higher could be only that. In the event that it will rise, the overwhelming downtrend since mid-April/lord May could be in danger.


Presently let us investigate the day by day outline to perceive what costs need to overcome to get us that affirmation. We simply had a nearby over the 23.6% Fibonacci retracement at 0.6979. From here, quick opposition is the 38.2% level at 0.7059. A push over that uncovered the half midpoint took after by the 61.8% retracement at 0.7187. The last is likewise firmly lined up with even help that kept NZD/USD hoisted for the initial four months of 2018. It could return to go about as new obstruction.

Then again, if the match falls underneath prompt help, at that point the 14.6% minor level could be the following focus at 0.6930. A break underneath that uncovered the March 2009 line took after by the May 16 low at 0.6850 (additionally the current 2018 low).

On the off chance that NZD/USD is in reality attempting to move in the days and even a long time ahead, the match may in the end up retesting the July 2017 dropping line. In the event that it flops, at that point maybe whatever remains of this current year could simply be NZD/USD solidifying amongst that and the March 2009 line.



Epic Research : Forex Market Insight

Forex -US Dollar Rally, Euro Fall Continue as Crisis Fears Begin to Flare
Forex -Euro Bounces From Day’s Lows, Remains under Pressure
Forex -GBP/USD recovers a major part of early lost ground to 6 month lows



The euro bounced off the worst levels of the day on Tuesday after comments by the leader of Italy’s Five Star political party calmed investors’ concerns over the prospect of an Italian exit from the euro zone. EUR/USD was trading at 1.1553 by 06:41 AM ET (10:41  AM  GMT),  still  down  0.58%  for  the  day  after  falling  as  low  as  1.1511  earlier, the weakest since July 20, 2017. The single currency found some support after Italy’s Five Star leader Luigi Di Maio said in comments on Facebook that he never sought a euro  exit.  The  comments  came  as Italian  bond  yields rose  rapidly  amid  a  deepening political crisis which sparked  fears over a euro zone breakup. Italy’s President Sergio Mattarella  blocked  the  nomination  of  a  euro  sceptic  finance  minister  on  Sunday,  prompting Italy’s populist parties to abandon their bid to form a coalition government  and  paving  the  way  for  fresh  elections  later  this  year.  Investors  fear  that  fresh elections  could  be  seen  as  a referendum on  Italy’s  role  in  the  European  Union  and may end up bolstering anti euro parties even more.


The GBP/USD pair recovered around 80 pips from session lows and has now pared a major  part  of  its  early  steep  decline  to  6 month  lows.  The  pair  managed to  find  decent support near the 1.3200 handle, with a modest US Dollar retracement from the 95.00 neighborhood,  or  fresh  yearly  tops,  prompting  some  short covering  move amid  near term  oversold  conditions.  Meanwhile, possibilities  of  some  short term trading  stops  being  triggered,  on  a  sustained  move  back  above  mid 1.3200s,  could also be one of the factors behind the latest leg of sharp uptick over the past hour or so. It  would  now  be  interesting  to  see  if  the  pair  is  able  to  build  on  the  momentum and  jump  back  above  the  1.3300  handle  amid  uncetainty  surrounding  impending Brexit  talks. From  a  technical  perspective,  the  pair  is  rebounding  from  a  support marked by a short term descending trend channel formation on short term charts.



© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.