UFX Daily Forex Currency Trading News 11-February-2016

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https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel Wall Street finished mixed as the Dow Jones Industrial Average and the S&P 500 Composite index closed lower following a late sell-off in the final minutes.The Dow Jones fell by 0.62%, the NASDAQ rose by 0.35%, and the S&P 500 lost 0.02% from its value. Apples shares fell by 1.48%, closing at 94.28 a share. The U.S. Dollar traded high against most major currencies on Tuesday, after Federal Reserve Chair Janet Yellen said conditions in the U.S. would allow it to pursue “gradual” adjustments to monetary policy. Today, the Unemployment Claims is expected at 287K vs. 285k previously. Gold rose on Tuesday, closing at $1098 an ounce. Crude Oil fell, closing at $27.35 a barrel. The euro fell slightly versus the dollar to close at 1.1284 after Federal Reserve Chair Janet Yellen provided few indications on the timing of the Fed’s next interest rate move in guarded testimony on Capitol Hill. On the Daily chart, the pair is trading below the resistance of 1.1460. Holding here may lead the pair back down towards 1.1000. However, holding above the simple 20-day Moving Average may lead the pair towards the resistance at 1.1460. No economic data is expected today. The Pound rose versus the dollar, closing at 1.4523. On the 1-hour chart, the pair is trading positively above the mid- band of the Bollinger bands. Holding here may lead to a rise towards 1.4600. However, breaking below the mid-band may lead the pair towards the lower band around 1.4400. Today, the RICS House Price Balance is expected at 52% vs. -50% previously..

UFX Daily Forex Currency Trading News 10-February-2016

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https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel Wall Street finished in the red as investors worried over the finance sector. The Dow Jones fell by 0.08%, the S&P 500 by 0.07%, and the NASDAQ lost 0.35% from its value. GoPro shares rose by 3.64%, closing at 11.39 a share. The U.S. Dollar traded low against most major currencies with concerns over global economic growth mixed with low oil prices leading the declines. The JOLTS Job Openings came at 5.61 vs. 5.41 forecast. Today, the Federal Budget Balance is expected at 10.3B vs. -14.4B previously, and Federal Reserve Chair Janet Yellen is expected to speak. Gold fell, closing at $1,189 an ounce. Crude Oil fell, closing at $28.31 a barrel. Today, the Crude Oil Inventories is expected at 3.1M vs. 7.8M previously. The euro rose versus the dollar, closing at 1.1290. Technically, according to the daily chart,the pair has breached the resistance of 1.1050 with the RSI above 50. Maintaining these conditions may continue the bullish momentum and lead the EUR/USD towards 1.1400. However, crossing below the resistance may start a reversal to around 1.0950. Today, the French Industrial Production is expected at 0.2% vs. -0.9% previously. The Pound rose versus the dollar, closing at 1.4473. Technically, according to the daily chart, the pair is trading below the resistance of 1.4600 with the Momentum above 0. As long as the pair holds above the 20-day Moving Average, we might see it attempt to breach the resistance at 1.4600. However, crossing below the line may push the pair down towards 1.4250. Today, the Manufacturing Production is expected at 0.0% vs. -0.4% previously.

UFX Daily Forex Currency Trading News 09-February-2016

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https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel Wall Street finished in the red with oil prices leading the drops. The Dow Jones fell by 1.10%, the S&P 500 by1.42%, and the NASDAQ lost 1.82% from its value. MasterCard shares fell by 2.55%, closing at 80.65 a share. The U.S. Dollar traded mixed against most major currencies as investors remain worried about global growth. Today, the Labor Market Conditions Index is expected at 0.4 vs. 2.3 previously, and the JOLTS Job Openings at 5.54M vs. 5.43M previously. Gold rose on Friday, closing at $1,189 an ounce. Crude Oil continues to fall, closing at $30.12 a barrel. The euro rose versus the dollar, closing at 1.1193. Technically, according to the 1-hour chart, the pair is holding below the resistance of 1.1220 with the RSI above 50. Should the pair succeed in breaching the resistance, a rise towards 1.1250 is expected. However, failure may push the EUR/USD down to around 1.1050. Today, the German Trade Balance is expected at 19.4B vs. 19.7B previously. The Pound fell versus the dollar, closing at 1.4438. Technically, according to the 1-hour chart, the pair is trading bearish below the 20-day Moving Average. As long as the pair holds below the line, we might see a drop towards 1.4350, while breaching the line might lift it towards 1.4550. Today, the Trade Balance is expected at -10.4B vs. -10.6B previously.

UFX Daily Forex Currency Trading News 08-February-2016

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https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel Wall Street finished in the red as the Non-Farm Employment Change came out less than expected at 151K. The Dow Jones fell by 1.29%, the S&P 500 by 1.85%, and the NASDAQ lost 3.25% from its value. The U.S. Dollar traded high against most major currencies as the Unemployment Rate came out better than expected at 4.9% vs. 5.0 forecast. In addition, the Average Hourly Earnings came out at 0.5% vs. 0.0% previously. Today, the Labor Market Conditions Index is expected. Gold rose on Friday, closing at $1,173 an ounce. Crude Oil fell, closing at $30.89 a barrel. The euro fell versus the dollar, closing at 1.1144, with the German Factory Orders coming out less than expected at -0.7% vs. -0.3 forecast. On the 4-hour chart, the pair has breached the resistance of 1.0980 and is trading bullish with the MACD above 0. Maintaining these conditions may cause a rise towards 1.1300 areas, while dropping towards the resistance may change the momentum and push it down to around 1.0900. Today, the German Industrial Production is expected at 0.2% vs. -0.3% previously. Pound fell versus the dollar, closing at 1.4503. On the 1-hour chart, the pair is holding above the support of 1.4455. As long it remains above this line we might see a rise towards the 20-day Moving Average, while breaking below the support may drop the pair to around 1.4400. No economic data is expected today.

UFX Weekly Forex Currency Trading News 07-February-2016

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https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel Following a somewhat weak NFP report, the USD finished strong on Friday. The USD/CAD rose by 163 pips, ending Friday at a $1.3915. Following the USD’s slight increase in price, the EUR/USD dropped by 51 pips, ending the trading week at $1.1158. Taking note, the GBP/USD also saw some downward movement, slipping by 86 pips to an exchange rate of $1.4503. Taking a bigger hit was the AUD/USD, with a 134 pip drop and a $0.7067 market price. Gold recorded positive movement before the market closed on Friday. COMEX Gold went up by 0.02%, bringing the price up to $1,157.70 an ounce. Gold-Spot also saw upward movement, going up by 1.54% to $1,173.40 an ounce. Retracting slightly from recent weeks, Crude Oil is back down. West Texas Intermediate (WTI) dropped in value by 2.62%, ending the week at $30.89 a barrel. Brent Oil dropped by 1.16%, dragging the price down to $34.06 a barrel. Market close didn’t fare well for major US indices. The DOW Jones, NASDAQ, and S&P 500 all took a hit of Friday. The DOW dropped in value by 1.29%, ending the week at 16,204.97. The NASDAQ took a 3.25% hit, resulting in a value of 4,363.14. And lastly, the S&P 500 ended the week with a 1.85% drop, closing with a value of 1,880.05.