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[MK Amin]

KATEGORI : NEWS
TAJUK : 30.04.2019: USD berehat menjelang kenyataan dasar Fed (AUD, USD, JPY, USDX)

[MK Amin]

KATEGORI : NEWS
TAJUK : WHO EARNED ON FOREX 30.04.2019 9:30

[MK Amin]

KATEGORI : ECONOMIC CALENDAR
TAJUK : Trader's calendar for February April,30 - May 1: USD to come off highs

[MK Amin]

KATEGORI : NEWS
TAJUK : 25.04.2019: USD READY FOR FURTHER GROWTH (USD, JPY, AUD)



In the Asian trade, the US dollar index was consolidating at near a 23-month high. Dollar bulls took a pause ahead of a report on US durable goods orders which is due later today. Tomorrow traders are anticipating a report of major importance, preliminary US GDP for the first quarter.

This trading week, the US dollar is keeping momentum across the board. Yesterday its index rallied to the level of 98.19. The greenback found support from a weak IFO survey which fell short of expectations. Downbeat business sentiment casts a shadow over the economic outlook both for Germany and the whole euro area. As a result, the euro/dollar pair slumped to the lowest level in 22 months.

The dollar/yen pair was trading with higher volatility struggling for gains. However, the price failed to develop a steady rally. So, the dollar/yen pair retreated to the previous level of 111.80. Demand for the yen and the US dollar remains strong. Investors are buying the yen amid persistent fears about a slowdown in the global economy. Traders did not change sentiment on the yen after the policy meeting of the Bank of Japan.

In a widely expected move, Japan’s central bank put the main aspects of monetary policy on hold. The policy update reads that interest rates will be maintained very low at least until Spring 2020. Besides, the regulator downgraded its inflation forecast to 1.4% from 1.5% earlier. Such decisions are supportive to the yen.

Today markets are closed in Australia on the occasion of the Anzac public holiday. So, the AUD/USD pair got stuck sideways at about 0.7020. On Wednesday, the aussie sank to a seven-week low versus its American counterpart because sluggish consumer inflation triggered speculations that the Reserve Bank of Australia could cut interest rates rather soon.

Meanwhile, the US dollar is taking advantage of economic weakness in Australia and the eurozone, the dovish sentiment of the Bank of Canada, and the Brexit gridlock.

Amid the public holiday in Australia, trading sentiment will depend on the US statistics. Analysts expect a modest increase in US initial jobless claims. Moreover, US durable goods orders could have rebounded in March. Investors cheered the news that US top officials would visit Beijing for the next round of the trade talks. The visit of the Chinese side to Washington will follow. Such developments signal progress in the trade talks that is bullish for the Australian currency.

[MK Amin]

KATEGORI : NEWS
TAJUK : Who earned on Forex 25.04.2019 9:30

[MK Amin]

KATEGORI : KALENDAR EKONOMI
TAJUK : Trader's calendar for February April 25 - 26: USD to advance despite headwinds

[MK Amin]

KATEGORI : NEWS
TAJUK : 24.04.2019: EUR IN DOWNWARD SPIRAL (EUR, USD, GBP, GOLD)



On Wednesday, the US dollar is holding the upper hand over the euro and the pound sterling. Traders are focused on news from the US.
Market concerns over the slowdown in the US economy in the first quarter shifted to optimistic sentiment. Investors are anticipating upbeat data which is due on Friday. The US dollar is enjoying buoyant demand. Thus, the US currency is heading for new highs.

The US robust economy contrasts with the feeble eurozone’s economy. Traders express worries over the political uncertainty in Europe. The elections to the European Parliament will be held in late May. The elections in Spain will take place this weekend.

Recent economic data signals that Germany’s economy is losing steam. The data released today confirmed fears. The IFO Business Climate Index in Germany dropped to a three-year low. The indicator fell to 99.2 points in April from 99.6 points in March, defying expectations for an increase to 99.9.

On Wednesday, the euro is trading lower at near 1.1208 versus the US dollar. Yesterday, the euro/dollar pair sank to 1.1190. Amid weak fundamentals in the eurozone, it would be a good idea to trade following the downtrend. It would be better to plan short positions during correctional climbs.
The pound sterling is losing ground today. The pound/dollar pair is trading at near 1.2932 amid low volatility. However, everything may change in the coming days. Volatility will surge on Friday after a report on the US economic growth for the first quarter. Besides, Theresa May is facing another no-confidence vote because she has failed to ratify the agreement with the EU in Parliament. Hence, the British opposition can force Mrs. May to resign as a Prime Minister.

Gold futures have been weighed down by the strong dollar and high risk appetite. Gold futures for June are trading at 1,274 US dollars an ounce on the New York Mercantile exchange. Meanwhile, traders are betting on the soonest conclusion of a trade deal between the US and China. The White House reported that next Tuesday US officials would resume the trade talks in Beijing. Later, a similar meeting will be held in Washington.

After the Easter holidays, the first movements in the market are very often misleading. So, a trend is likely to reverse afterwards.

[MK Amin]

KATEGORI : NEWS
TAJUK : 24.04.2019: USD MAINTAINS BULLISH MOMENTUM (USD, AUD, JPY, RUB)



During the Asian session the US dollar was trading in a bullish trend while the Australian dollar came under pressure amid the inflation report for the first quarter.

The Australian inflation sped up by 0.3% in the first quarter from the fourth quarter last year. At the same time, the annual consumer price index did not meet expectations. It came in at 1.3% which was the lowest reading since the third quarter of 2016. Amid that, analysts revised their outlook for the RBA monetary policy. The bank is expected to cut the interest rate in May.

Naturally, this news disappointed investors. The AUD/USD pair declined to the 6-week low at 0.7027.
At the same time, the USD/JPY pair little changed, having approached the level of 111.80 as trades in Tokyo opened today. Previously, the yen lost its safe-haven appeal and weakened against the US dollar.
The yield of 10-year Treasury bonds, the key gauge of the global risk sentiment, declined by 2 points to 2.57% on Tuesday, but on Wednesday the yield remained unchanged.

The economic calendar is bereft of any significant events, so political factors such as US-China trade talks, Brexit, as well as geopolitical games in North Korea, Syria, and Libya shape the market sentiment today.

The US dollar index still maintains bullish momentum from the start of this week. It is hovering near the upper boundary of the range at 97.70. On Tuesday the index hit a new yearly high in the area slightly below 97.80. Such a level was last seen in June 2017.
The Wall Street earnings reports and encouraging news about US-China trade talks contributed to a rise of the US dollar index. The White House Administration announced plans to send diplomats to Beijing in order to resume the negotiation and reach a trade agreement finally.

The European session is going to be eventful. Germany will unveil the IFO report. If it fails to meet analysts’ expectations, then the euro will come under pressure. Besides, Switzerland will publish the results of the ZEW survey for April while the European Central Bank will present the Economic Bulletin. At the same time, the United Kingdom will release the net public borrowing data.

Later in the day market participants will absorb the results of the Bank of Canada monetary policy meeting and the post-meeting press conference. It is widely expected that the bank will leave the interest rate unchanged. Traders will be more interested in the bank’s economic outlook and its further monetary policy stance. Besides, the US Energy Information Administration will deliver the inventories report today.

[MK Amin]

KETEGORI : KALENDAR FOREX
TAJUK : Trader's calendar for February April 22 - 24: USD to consolidate after Easter

[MK Amin]

KATEGORI : NEWS
TAJUK : WHO EARNED ON FOREX 24.04.2019 9:30