July 2015

AUDUSD (0.734): The Australian Dollar was weaker against the Greenback for most of this week as economic data from the country remained weak. Building approvals for the month fell -8.2% well below estimates of -0.8%. Other economic data…
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The forex market trades very actively at certain times, especially after the release of major economic data, and so it can easily move a big figure or more when you are distracted from looking at your trading screen even briefly. This can…
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Australia's building approvals recorded the widest monthly slip since last September 2014. The main factor was the big fall in dwellings (widely known as a very volatile figure). The ABS (Australian Bureau of Statistics) published an 8.2%…
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The US economy had a busy week with the FOMC statement and the advance GDP data being released. The Dollar Index was no doubt under pressure as investors geared up for positioning in the near medium term. The July FOMC statement did not…
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US Q2 GDP estimated at 2.3%. Annualized PCE up 2.9% Key Notes: Japan prelim industrial production m/m 0.8% vs. 0.3% Australia building approvals m/m -8.2% vs. -1.0%; y/y 8.6% vs. 19.5% Australia export prices q/q -4.4% vs. -4%;…
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In the US, Fed has decided with 100% of votes that the interest rate should be kept at the same level as in the past months. Although the decision was widely debated in the statement, there are no hints about a future lift-off. The target…
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Crude Oil could correct to $51! WTI Crude Oil prices got a boost after the US energy information administration reported the weekly inventories which saw a surprise drop in Crude Oil stockpiles which fell by 4.2 million barrels during…
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The second quarter advance GDP estimates is due for release later this evening. Heading into the event, the market consensus is for the US GDP to have grown at a pace of 2.6% during the second quarter, up from a dismal -0.2% contraction…
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Markets await FOMC statement Key Notes: RBNZ Governor Wheeler Speech Japan retail sales y/y 0.9% vs. 0.8% Swiss UBS consumption indicator 1.68 vs. 1.62 previously Gfk German consumer climate 10.1 vs. 10.1 UK M4 money supply…
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Dow Jones (DJI_5U) 17580 A rising channel … As shown on the chart the market is at the lower boundary of the rectangle patter ( the blue levels ) , and on the lower levels for the bigger rising channel at 17600/17500 levels (…
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