AUD/USD Forecast for 12-Nov to 16-Nov

AUD/USD Forecast: Australian dollar enjoyed a second consecutive week, but the rally met its boundaries. What will happen next? Australia’s jobs report and wage data stand. Here is an updated technical analysis for the week’s highlights and AUD/USD.

AUDUSD forecast

Technical lines from top to bottom:

1. 0.7480 captured the pair in mid-July and saved the level of 0.75. 0.7420 added two pairs in mid-July. In mid-July, there was 0.7360 low point.

2. 0.7310 is at the lower level of July 2018. The swing was low at the end of August 0.7240 and the pair attempted to reach mid-September.

3. The round number of 0.7200 was temporary low. 0.7150 was a stepping stone on the way in early September. At the end of October 0.7020 were the last defense before the low point and the round number of 0.70.

4. The round number of 0.70 is closely watched by many market participants. Close, played a role in 0.6970 January 2017. Below, only the notable level is only 0.6825, which supports the pair at the end of 2016 and at the beginning of 2017.

Weekly Forecast of AUD/USD 5-Nov to 9-Nov

Forecast AUD/USD: Enjoy the return week with Australian dollar shares. Hopes for a deal between the US and China certainly helped.

What will happen next? In the coming weeks, the RBA stands. Here is an updated technical analysis for the week’s highlights and AUD / USD.

Global shares returned and the climate gave rise to the demand of Australia at risk. US President Trump tweeted about a successful conversation with Chinese President Xi Jinping.

At the end of the week, the hope of a deal by the authorities was cooled down. Australian CPI is slightly disappointed with 0.4% Q / Q on both title and original data, but overall inflation is stable.

The balance of trade beat expectations with the broad surplus but retail sales slumped a bit.

AUD/USD Fundamental Analysis

1. AIG Services Index: Sunday, 21:30. In September the gauge of the Australian industry group of the service sector was 52.5, which was slightly above the 50-point gauge, which separates the extension from contraction. A similar score is now possible.

2. MI inflation gauge: Monday, 00:00. Inflation measures of the Melbourne Institute are helpful because the authorities have issued official CPI data only once per quarter. The gauge increased by 0.3% in September. Now we will get the latest figures for the first month of Q4 October.

3. ANZ Job Advertisement: Monday, 00:30. Before the report of official jobs, ANZ’s employment measure came out. A drop of 0.8% was recorded in September and now we can see a bounce.

4. Australian rate decision: Tuesday, 3:30. Australia’s Reserve Bank
Interest rates have not changed since mid-2016. It maintains a neutral stance but expresses some concerns about global development, the housing market, and other issues. On the other hand, the job situation is fine. It would be interesting to see if RBA has changed its stand in view of recent inflation data.

5. AIG Construction Index: Tuesday, 21:30. The second publication of AIG for the week is for the construction sector. It’s not doing so late in so well. The latest figure for September was 49.3 below the 50-point limit and was indicating contraction.

6. RBA Monetary Policy Statement: Friday, 00:30. The quarterly report by the central bank has sometimes indicated for future monetary policy. It provides a comprehensive view of the economy compared to the low rate statement. Any sign of changes in interest rates will be examined by the markets.

7. Home Loans: Friday, 00:30. Loans in homes fell 2.1% in August, a disappointing result. Another fall, this time of 1.1% has been introduced for September. Concerns about the housing sector are increasing.

AUD/USD Technical Line from Top to Bottom:

AUDUSD forecast

1. 0.7480 captured the pair in mid-July and defended the level of 0.75. 0.7420 added two pairs in mid-July. In mid-July, there was 0.7360 low point.

2. 0.7310 is at the lower level of July 2018. The swing was low at the end of August 0.7240 and the pair attempted to reach mid-September.

3. The round number of 0.7200 was a temporary low. 0.7150 was a stepping stone on the way in early September. At the end of October 0.7020 was the last defense before the low point and the round number of 0.70.

4. The round number of 0.70 is closely watched by many market participants. Close, played a role in 0.6970 January 2017. Below, only the notable level is only 0.6825, which supports the pair at the end of 2016 and at the beginning of 2017.

Weekly AUD/USD Forecast Oct. 29 – Nov. 2

AUDUSD Forecast: Australian Dollar is Under Pressure of Global Marketing Selling.

Shares in Australian Dollar Emotions with Global Selling and Risk What will happen next? In a busy week, inflation and retail sales are included among other statistics. Here is an updated technical analysis for the week’s highlights and AUD/USD.

RBA officials did not stop the boat last week and rocked the AUD/USD with steps in the global markets. Chinese officials only provided short-term relief to the efforts to calm the markets by announcing excitement.

Stocks dropped worldwide and Australian, a risk currency dropped. American figures were mixed and the decline is more related to the tariff and the Fed’s policy than any concrete.

An-investment-in-knowledge-pays__quotes-by-Benjamin-Franklin

AUDUSD Fundamental Analysis Oct. 29 – Nov. 2

1. Building Approval: Tuesday, 00:30. The number of building consent varies rapidly, but still provides useful information about the housing sector. Acceptance in August was 9.4% and in September it is estimated to increase by 3.9%.

2. CPI: Wednesday, 00:30. The bottom of the ground publishes official inflation figures, which occur only once per quarter, thereby affecting other numbers. The Consumer Price Index Q2 increased by 0.4% Q / Q, while the trimmed mean CPI (in other countries, known as the original inflation) increased to 0.5%. We can be more. Headline inflation is projected to increase by 0.5% and the core CPI is projected to increase to 0.4%. This time. The annual level of inflation was 2.2%, whereas the core CPI was 1.9% in Q2.

3. Private sector credit: Wednesday, 00:30. Increased credit in the private sector means more economic activity. Credit increased by 0.5% in August and increased by 0.4% in September.

4. AIG Manufacturing Index: Wednesday, 00:00. The PMI-like survey of the Australian industry group was 59 points in September, indicating strong growth in the region. A weak figure is now possible.

5. Business balance: Thursday, 00:30. Australia enjoyed a trade surplus of 1.6 billion A $ in August and now it is estimated to increase to surplus 1.71 billion in September.

6. Import Price: Thursday, 00:30. The prices of imported goods feed in consumer prices. Quarter figure Q2 decreased by 3.2%. Now we will get the figures for Q3. After the CPI has already been published, the numbers have not had a very significant impact on the markets. There is a modest increase of 1.1% on the card for Q3.

7. Chinese Caxine Manufacturing PMI: Thursday, 1:45. This independent gauge of China’s manufacturing sector is important to Australia and its metal exports to the world’s second-largest economy. In September, a full balanced score of 50 points was observed. There is a minimum increase of 50.1 on the card for October. A drop contraction below 50 points implies.

8. Retail sale: Friday, 00:30. In September, Australian people increased their expenditure by 0.3%, a fine figure. The same level is expected now The mining sector is playing a growing role in the domestic consumption economy, with gradually coming out of the limelight.

9. PPI: Friday, 00:30. Producer Price Index (PPI) provides more information about the status of inflation. Just like import prices, if limited impact, the number is late.

Technical Chart Analysis

AUDUSD forecast

AUDUSD Technical Analysis Oct. 29 – Nov. 2

1. 0.7480 captured the pair in mid-July and saved the level of 0.75. 0.7420 added two pairs in mid-July. In mid-July, there was 0.7360 low point.

2. 0.7310 is at the lower level of July 2018. The swing was low at the end of August 0.7240 and the pair attempted to reach mid-September.

3. The round number of 0.7200 was temporary low. 0.7150 was a stepping stone on the way in early September. In the middle of October 0.7040 was the last defense before the low point and the round number of 0.70.

4. The round number of 0.70 is closely watched by many market participants. Close, played a role in 0.6970 January 2017. Below, only the notable level is only 0.6825, which supports the pair at the end of 2016 and at the beginning of 2017.

Weekly GBP/USD Forecast October 8 Oct-12 Oct

Most of the times Brexit Headlines become movers of GBP/USD. Sometimes, it is a cause of sliding and sometimes it helps GBPUSD climb up. Same effect we have seen in the previous week. Brexit Headlines dramatically affects the movement of GBP/USD. Now What’s next? The GDP report stands out in the new week.
Let take look at this week news and technical level suppose to be good resistant and support for GBP/USD.

Fundamental Analysis of GBP/USD

1. BRC Retail Sales Monitor: Monday, 23:01. The British Retail Consortium’s Retail Sales Monitor shows a marginal increase of 0.2% in August sales volume. Now we will get the number for September The report is before the official retail sale report.

2. FPC Statement: Tuesday, 8:30. In addition to monetary policy, the Bank of England is responsible for financial stability. The quarterly report of the Financial Policy Committee not only gives insight on the financial system but also the inherent economic conditions which affect this sustainability.

3. GDP: Wednesday, 8:30. This is the monthly GDP report for August, which provides more insights into Q3. In July the UK economy grew 0.3%, the first month of Q3 and the slowest set in August: 0.1%. Concerns about break sit can be attributed to any recession.

4. Manufacturing Production: Wednesday, 8:30. In July, manufacturing output declined by 0.2%, with the expectation of an increase of 0.2% to meet the expectations. In the manufacturing sector of UK, we enjoy weak pounds for our exports, but the weight is brake site. Now we will get the figures for August. Extensive industrial production measurement increased by 0.1% in July. Manufacturing production is expected to grow by 0.1%.

5. Goods Trade Balance: Wednesday, 8:30. There is an old trade deficit in the UK which reached 10 billion pounds in July. Figures of August will be similar. The weight of the deficit is on the long pound. The estimate of the deficit is estimated to increase to £ 10.9 billion.

6. RICS House Price Balance: Wednesday, 23:01. This gauge of the housing sector, standing at 2% in the latest publication for August, remained moderately unchanged in the positive area. This figure shows the percentage of surveyors who have seen the increase in prices. There is a duplication of 2% on the card.

7. BOE Credit Conditions Survey: Thursday, 8:30. It is a description of the situation of lending in the Bank of England quarterly report. High levels of debt can create risk but express confidence in the economy’s growth. The survey provides estimates for the next three months.

GBP/USD Technical analysis

Technical Chart with Support and Resistant Levels from top to bottom: 

GBUUSD Technical chart 08-oct-20181. In July 1.3375 was a high point. After this, there was a high point and psychologically significant round number in September 1.3300.

2. In mid-July, there was a high point of 1.3215 for the pair and a lower height on the chart. The round number of 1.3100 supported the first pair in September.

3. 1.3045 provided support in September and captured the pair in August. After supporting the pair at the end of September, the round number of 1.3000 is important.

4. 1.2920 was a low point in early October. There were 1.2850 different categories in the last days of August and the first days of September.

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Weekly GBP/USD Forecast from October 1 to October 5

One more tough week for GBP/USD filled with following announcements Brexit headlines, Fed decision, Weak Data, The Conservative Party Conference and PMI data. 

Let’s take a Look on Technical and  Fundamental Analysis of GBP/USD

Fundamental News Updates GBP/USD:

1. Conservative Party Conference: Sunday to Wednesday. Prime Minister Theresa May may face a challenge from hard-Brexiteers while playing an important role with her former Foreign Minister Boris Johnson. Pro-Rayan MPs are also playing.

2. Manufacturing PMI: Monday, 8:30. The first of Markit’s forward-looking indices relate to the manufacturing sector. The indicator stood at a not-so-impressive 52.8 points in August. A minor drop to 52.6 is on the cards. A fall below 50 would indicate contraction.

3. Net Lending to Individuals: Monday, 8:30. A higher borrowing rate implies enhanced economic activity. After a level of 4 billion pounds in July, an increase to 4.8 billion is projected for August.

4. Nationwide HPI: Tuesday, 6:00. This housing sector measure comes out quite early. After a drop of 0.5%, a rise of 0.2% is on the forecast.

5. Construction PMI: Tuesday, 8:30. The second PMI is for the more volatile construction sector. A minor drop from 52.9 to 52.8 points is on the cards. The figure dropped below 50 points early in the year and this can happen again.

6. BRC Shop Price Index: Tuesday, 23:01. The British Retail Consortium’s measure rose by only 0.1% y/y in August, showing that inflation is not that high. A similar figure could be seen now.

7. Services PMI: Wednesday, 8:30. The third and final purchasing managers’ indicator from Markit is for the largest sector: the services one. Back in August, the number slightly surprised with 54.3 points, reflecting OK growth. It will be interesting to see if concerns about Brexit adversely impact the result. A score of 54 points is on the cards.

8. Halifax HPI: Friday, 7:30. Contrary to Nationwide, this HPI showed an increase back in August, but only 0.1%. A rise of 0.2% is expected now.

 

Technical Lines Chart:

GBPUSD forecast 01-oct to 05-oct

 

Important Technical Lines for Trading:

1. In July 1.3375 was a high point. After this 1.3315 captured the pair early that month.

2. In mid-July, there was a high point of 1.3215 for the pair and a lower height on the chart. The round number of 1.3100 supported the first pair in September.

3. After supporting the pair at the end of September, the round number of 1.3000 is important.

4. Under 1.3000 we find 1.2935, which is a high point at the end of August. 1.2865 different categories at the end of August Further down, 1.2790 supported the late August and earlier also.

5. When the pair was on the previous leg, 1.2750 kept the pair down. The current 2018 deficit is at the next level at 1.2660.

6. The swing was low on 1.25 9 September 2017. Even less, 1.25 is a round number and at the beginning of 2017 also worked as support.

Source

KLSE Stock News- Bursa Malaysia Stocks Open Lower on Tuesday, Oil Continues to Rise

Kuala Lumpur: Bursa Malaysia stock prices opened lower on Tuesday with the FTSE Bursa Composite Index down 0.53% to 1,791.93. There were 203.24 million shares traded valued at RM 76.82 mil. There were 163 gainers versus 84 decliners and 181 counters unchanged. 
Bursa Malaysia’s optimism vanished within minutes of the opening, as it erased gains to return to the starting line.

Stock Watch

1. The top KLSE active stock list including Sapura Energy was up one sen to 43.5 sen while Reach Energy gained 1.5 sen to 51 sen and Nova MSC gained 0.5 sen to 18 sen.

2. The top KLSE gainer stocks list, Air Asia was among the early gainers, adding four sen to RM3.10. Heavyweight Genting rose four sen to RM7.81 while Hengyuan climbed 12 sen to RM6.62.

3. The Klse loser stock including Hartalega slid four sen to RM6.56 in early trade. Maybank Investment Bank report said the glovemaker’s upcoming 2QFY19 core earnings is expected to be flattish. Meanwhile, CIMB slid three sen to RM5.98, Tenaga dipped two sen to RM15.50, Axiata shed two sen to RM4.63 and Public Bank lost two sen to RM 23.98.

Global Market

Nasdaq index opens up today with 8,037.3 and previous close at -9.0 and HANG SENG index open with 1.87% down to reach 27,268.42.

Chinese markets remained closed for its Golden Week holidays. Japan’s markets reached for a fresh 27-year high on news that trade tension in North America may finally have relieved, lending more positivity in the global trade environment.

Currency Market

The ringgit extended yesterday’s downtrend to open easier against the US dollar this morning as risk appetite for the greenback strengthened among rising oil prices. On Monday closing the local currency stood at 4.1400/1440 against 4.1380/1420. 
Ringgit mixed trade data with other currency-

1. It rose against the Singapore dollar to 3.0164/0195 from 3.0198/0238 on Monday and improved versus the euro to 4.7921/7979 from 4.8059/8118.

2. The local currency depreciated the Japanese yen to 3.6332/6370 from yesterday’s 3.6295/6340 and weakened against the British pound to 5.3990/4046 from 5.3976/3049.

Commodity Market

Comex Crude Oil prices fringed up on Tuesday, Brent crude oil futures were trading at US$85.05 per barrel, up seven cents from their last close, near the US$85.45 peak reached in the previous session, its highest since November 2014. US West Texas Intermediate crude futures were up 25 cents at US$75.55 a barrel.

KLSE Stocks News: Bursa Malaysia Open Lower on Monday with the FTSE Composite Index down 1.41 points to 1,809.23

Kuala Lumpur: Bursa Malaysia share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.41 points to 1,809.23 at 9 am. The Investors on Bursa Malaysia diverted to profit-taking in this Monday morning session. The trading volume was 31.32 million lots worth RM12.08 million and there were 216 gainers versus 465 decliners and 300 counters unchanged.

Global Markets

The Bilateral trade talk programme between China and the US was canceled due to lack of positive leads to sustain the previous week’s rally. 
Key markets Japan, China, and South Korea were closed on Monday due to Autumn festivals and holidays.  Hong Kong’s Hang Seng index, which remained open, shed 1.25%.

Stocks Price Penetration

The Counters on the 30-stock index were mostly lower, led by Tenaga Nasional shedding 12 sen to RM15.56 and among other leading decliners, Sime Darby Plantation dropped nine sen to RM5.27, MAxis fell seven sen to RM5.81 and Digi shed five sen to RM4.79. 
The IOI gaining from 2 sen to RM4.50 in rose stocks. Petronas Gas adding 12 sen to RM19.12 and Telekom Malaysia adding one sen to RM3.22.

Dutch Lady Milk Industry BHD added RM1.30 to RM65.40, VItrox rose eight sen to RM7.78 and BAT gained eight sen to RM33.24 at the border market and United Plantation rose 38 sen to RM27.50 on the deal of its accession of plantation land from Pinehill Pacific, which jumped 12 sen to 56 sen.

Currency Stats

The ringgit was little changed against the US dollar at 4.1337. It rose 0.9% against the pound sterling at 5.4067 and 0.1% against the Singapore dollar at 3.0256.

Commodity Stats

The oil market jumped as Opec and Russia decided against lower oil prices ahead of US sanctions on Iran. WTI crude rose 81 cents to US$71.59 a barrel while Brent crude gained US$1.01 to US$79.81 a barrel.

 

Weekly Forecast USD/JPY 17-Sep to 21-Sep

USD/JPY Forecast Technical and Fundamental Analysis

USD/JPY progressed pleasantly as exchange wars made a stride back, US yields climbed and the Fed stayed hawkish. But not everything is going in favor of the pair.

USD/JPY Fundamental Active Players

BOJ Policy Updation

The due date traveled every which way and the US didn’t force new duties on China. On one hand, Trump debilitated to include extra ones. Then again, Treasury Secretary Steven Mnuchin started chats with China. Does he have the support of Trump? Likely not, but rather Trump is occupied with Florence, the tropical storm beating the Eastern seaboard.

Developing markets are additionally more settled with Turkey at last raising rates and no new antagonistic advancements in different nations. Argentina keeps consulting with the IMF.

The Federal Reserve stays hawkish with both Brainard and Evans implying that loan fees may go past unbiased, otherwise known as higher than expansion. Expansion really dropped: Core CPI tumbled from 2.4% to 2.2%, incidentally weighing on the greenback. Retail deals were blended with a miss on the feature however with significant upward modifications. Customer certainty beat desires with 100.8 focuses.

Japanese Prime Minister Shinzo Abe, getting ready for an inner authority challenge inside his party, said that free money related approach won’t keep going forever. Is the BOJ going to fix? Not so quick, but rather the yen may respond decidedly.

Housing Data, and The BOJ

The upcoming week is fairly more peaceful with housing starts, building licenses, and existing home deals to give a report on the lodging segment. The Philly Fed Manufacturing Index is likewise of intrigue.

Trade may return into play. Markets will need to hear uplifting news from the arrangements, yet these may never come. Everything relies upon Trump.

 

USD/JPY Technical Analysis

Technical Chart USD/JPY

USDJPY 17-Sep to 21-Sep, USD/JPY

 

1. 113.15 is the high point found in July. 112.45 was a venturing stone for the match when it exchanged on such high ground. 112.15 was a swing high right off the bat in the month.

2. 111.80 was a top in the diminishing long periods of August and fills in as opposition. Close by, 111.50 topped the combine heretofore and is another hindrance.

3. 110.60 was a swing low in late July and after that again in late August. 109.70 was a swing low in late August and gives additional help beneath the cycle 110 level.

4. Close by, 109.35 was a pad in mid-July. 108.70 was a pad from the get-go in the mid-year and 108.10 a swing low in late May.

5. Lower, we find 107.50 topped the combine toward the beginning of April and is a solid line.

 
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Weekly USD/JPY Forecast 10-Sep to Sep-14

USD/JPY Forecast 10-Sep to Sep-14 (Fundamental and Technical Analysis)

USD/JYP is unable to hold its gains, as Dollar getting its grab on market. Tariffs remain in the highlight but USD has support from US inflation and retail sales.

USDJPY Fundamental Analysis

 

1. The US Tariffs:

The due date for open remarks on the levies on $200 billion worth of Chinese merchandise finished. While the US didn’t report the usage of these obligations, President Donald Trump as of now touted additionally imposes on an extra $267 billion worth of items. This weighed on business sectors as the week attracted to an end.

2. Brexit Announcement:

Prior, the disposition changed by advancements in Brexit, which went both ways. A report about the UK and Germany dropping their requests was later denied, however, it helped markets and USD/JPY. Another factor was Emerging Markets. Nothing was settled in Argentina and Turkey, however, there were no new unfavorable improvements.

3. Non-Farm Payrolls:

The Non-Farm Payrolls turned out superior to anything expected with 201K occupations picked up. All the more critically, compensation progressed by 0.4% m/m and 2.9% y/y. This fortifies the chances of a fourth-rate climb this year, in December. A September climb was at that point valued in before the occasion.

4. US Inflation:

In the US, the inflation report is released on Thursday and is unlikely to continue climbing. Core CPI reached 2.4% last month. On Friday, retail sales also carry relatively moderate expectations for the August report after a robust July. Japan will publish its final GDP number which is unlikely to move markets.

 

USDJPY Technical Analysis

usd-jpy-forecast-sep-10-14

1. 113.15 is the high point found in July. 112.15 was a swing high from the get-go in the month.

2. 111.80 was a crest in the withering long stretches of August and fills in as obstruction. Close by, 111.50 topped the match heretofore and is another obstruction.

3. 110.60 was a swing low in late July and after that again in late August. 109.70 was a swing low in late August and gives additional help underneath the cycle 110 level.

4. Close by, 109.35 was a pad in mid-July. 108.70 was a pad right off the bat in the late spring and 108.10 a swing low in late May.

5. Lower, we find 107.50 topped the combine toward the beginning of April and is a solid line.

Weekly Forecast AUD/USD Forecast 27-Aug to 31-Aug

AUD/USD Forecast 27- Aug to 31- Aug: Technical and Fundamental Analysis

The Australian dollar shook and moved on Australia’s change in charge, with Morrison assuming control. And furthermore at Trump’s activity. Here are the features of the week and a refreshed specialized examination for AUD/USD.

Australia was shaken by political strife. Following a fierce week, Scott Morrison removed Malcolm Turnbull as Prime Minister. Fears of the rising of Peter Dutton weighed on the Aussie. In the US, Trump’s previous compatriot Michael Cohen betrayed him. Also, Trump scrutinized the Fed for raising rates. The FOMC Minutes cleared up that the Fed will bring rates up in September, however, Powell’s discourse as of now had an alternate tune. Powell does not see an overheating economy nor quickening expansion. The AUD/USD recuperated as the week attracted to an end.

AUDUSD Fundamental Analysis

AUD/USD day by day diagram with help and opposition lines on it.

Private Capital Expenditure: Thursday, 1:30. Capital consumption, or capex, is vital to medium-term and long haul development. The Reserve Bank of Australia watches this figure intently. Capex expanded by 0.6% in Q1 2018. The information for Q2 sustains into GDP development numbers.

Building Approvals: Thursday, 1:30. This unstable lodging figure dropped by 1.9% back in June. It could bob back in July.

Private Sector Credit: Friday, 1:30. Developing credit to family units and organizations infers extended monetary action. Credit extended by 0.3% in June. A comparative figure could be seen now.

AUD/USD Technical Analysis

Aussie/USD made sharp climbs and down, in the end recovering the 0.73 handle.

Specialized Lines Start to Finish:

AUDUSD Weekly Forecast 27-Aug to 31-Aug 2018

0.7560 is the following level to watch after it was the recuperation level toward the beginning of May. 0.7520 was a swing low in late May.

0.7480 topped the match in mid-July and safeguards the cycle 0.75 level. 0.7420 topped the match twice in mid-July. 0.7360 was a low point in mid-July.

0.7310 is the low of July 2018. 0.7240 was a swing low in late August and fills in as a help. The round number of 0.7200 is the 2018 low. The last line to watch is 0.7160 that was the swing low in mid-2017. Source