BUZ INVESTORS Cryptocurrency Mining Hassle-Free With today’s official launch of Merito, gamers can now enter the cryptocurrency value creation world with a few keystrokes. Founded in early 2017 by Evan Neal, who co-founded Steampool,

TODAY’S BUZWORD CRYPTOCURRENCY 4.13.17 Data | Chart | Calendar | Forecast | News

TODAY’S BUZWORD CRYPTOCURRENCY  4.13.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS CRYPTOCURRENCY 4.13.17 A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information

BUZ INVESTORS  CRYPTOCURRENCY  4.13.17 A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.

Unlike centralized banking, like the Federal Reserve System, where governments control the value of a currency like USD through the process of printing fiat money, government has no control over cryptocurrencies as they are fully decentralized.

Most cryptocurrencies are designed to decrease in production over time like Bitcoin, which creates a market cap on them. That’s different from fiat currencies where financial institutions can always create more, hence inflation. Bitcoin will never have more than 21 million coins in circulation. The technical system on which all cryptocurrencies are based on was created by Satoshi Nakamoto.




CRYPTOCURRENCY  4.13.17

PricewaterhouseCoopers is now legal partner of Exscudo

The new partnership is aimed at licensing Exscudo as an alternative payment system. BUZ INVESTORS  PricewaterhouseCoopers legal partner of Exscudo   Exscudo, the blockchain-based financial ecosystem, finds a legal partner in the person of PricewaterhouseCoopers Legal OU, member of one of the most prestigious consulting and audit companies in the world. The new partnership is aimed

Merito Makes Cryptocurrency Mining Hassle-Free For Gamers Who Want to Earn Cash

Merito Makes Cryptocurrency Mining Hassle-Free For Gamers Who Want to Earn Cash BUZ INVESTORS  Cryptocurrency Mining Hassle-Free With today’s official launch of Merito, gamers can now enter the cryptocurrency value creation world with a few keystrokes. Founded in early 2017 by Evan Neal, who co-founded Steampool, Merito is an automated software application that turns any

Bitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency

Bitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency BUZ INVESTORS Bitcoin value rises over $1 billion Bitcoin is up nearly $100 in the past week, hitting levels not seen since mid-March after Japan legalized the cryptocurrency as a payment method and Russia is seeking to regulate it too. The digital

Exscudo, Cryptocurrency Financial Services Provider Releases its First Video Message

The leaders of Exscudo – a cryptocurrency financial service provider, tell the audience more about the project in their new video.  Exscudo, Cryptocurrency Financial Services Provider BUZ INVESTORS Exscudo, Cryptocurrency Financial Services Provider   The cryptocurrency linked financial services platform, Exscudo announces the release of the latest interview video featuring the top managers. In the video, Alex

MineCoin Announces Rebranding, Second round of the ICO and Bounty Campaign

Blockchain startup MinexSystems, entering the second stage of ICO has launched a new website, rebranded its payments system to MinexCoin. BUZ INVESTORS  MineCoin Announces Rebranding  – The Kyiv-based blockchain development team behind MinexSystems has announced the rebranding of their payment system from “MineCoin” to “MinexCoin”. The company has also upgraded its website and announced a

HourpayLtd Exhibits Different Cryptocurrency Investment Plans To Earn Robust Profits

HourpayLtd Exhibits Different Cryptocurrency Investment Plans To Earn Robust Profits BUZ INVESTORS HourpayLtd  Nowadays the use of cryptocurrencies is gaining widespread popularity across the globe. These currencies are now playing a dominant role in the business transactions and other investment activities in a fair and transparent manner. There are various websites that are exhibiting a comprehensive

$SCNP today announced that the Company’s business plan, e.g. using DIBCOIN to purchase assets, has been described as “Genius”

Sunshine Capital, Inc. (OTC-Pink:SCNP / OTC:SCNP) today announced that the Company’s business plan, e.g. using DIBCOIN to purchase assets, has been described as “Genius” BUZ INVESTORS  Sunshine Capital, Inc “It’s an honor to be mentioned in a financial news icon like Forbes.com,” stated Adam Petty, President and CEO. “The real genius of our business plan is Sunshine

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TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.13.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.13.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS MAJOR CURRENCY PAIR 4.13.17 This morning, the greenback is trading mixed against most of the major currencies, ahead of the US flash Reuters/Michigan consumer confidence

BUZ INVESTORS  MAJOR CURRENCY PAIR 4.13.17  This morning, the greenback is trading mixed against most of the major currencies, ahead of the US flash Reuters/Michigan consumer confidence index and initial jobless claims data, slated to release in a few hours.

The GBP is trading lower against the USD. Earlier today, the Bank of England, in its quarterly credit conditions survey, revealed that growth in corporate lending moderated in the first quarter and lenders are expected to tighten supply of unsecured consumer credit.

The CAD is trading higher against the USD. Yesterday, the BoC, maintained the key interest rate unchanged at 0.50%, as widely expected. Further, the central bank raised its economic growth forecasts by 0.5% to 2.6% in 2017.

The AUD gained ground against the USD, after data indicated that number of people employed in Australia increased by the most since October 2015 in March, pointing to a recovery in Australia’s labor market. Additionally, the nation’s seasonally adjusted unemployment rate remained steady at 5.9% in March. Elsewhere, China, Australia’s largest trading partner, posted a higher-than-expected trade surplus in March.

Yesterday, the greenback traded lower in the New York session, against the key currencies. In economic news, the US budget deficit widened more-than-anticipated in March. Moreover, the nation’s import price index dropped in March. On the contrary, the nation’s export price index surprisingly climbed in the same month. Also, the nation’s mortgage applications rebounded last week.



 MAJOR CURRENCY PAIR 4.13.17

EURUSD decreased 0.0034 or 0.32%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0638 against the USD, 0.27% lower from the New York close. On the data front, Germany’s consumer price index grew 0.2% MoM in March, confirming the flash estimates. This morning, the pair traded at a high of 1.0677 and a low of 1.0636. The Euro traded 0.63% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0667. The pair is expected to its find support at 1.0591 and its first resistance at 1.0681.

 

GBPUSD decreased 0.0021 or 0.16%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2534, with the Pound trading 0.08% lower against US Dollar from the New York close. Overnight data indicated that UK’s RICS house price balance remained steady in March, in line with market expectations. The pair witnessed a high of 1.2574 and a low of 1.2530 during the session. Yesterday, the Pound traded 0.42% higher against the US Dollar in the New York session and ended at 1.2544. Immediate downside, the first support level is seen at 1.2484, while on the upside, the first resistance level is situated at 1.2579.

 

USDJPY increased 0.2400 or 0.22%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 108.96 against the Yen, marginally lower from the New York close. Moving ahead, market participants will closely monitor Japan’s industrial production data, due to release overnight. During the session, the pair traded at a high of 109.23 and a low of 108.70. Yesterday, the US Dollar traded 0.49% lower against the Yen in the New York session and ended at 108.98. The pair is expected to its find support at 108.49 and its first resistance at 109.65.

 

USDCHF increased 0.0014 or 0.13%

USDCHF

The US Dollar is trading at 1.0041 against the Swiss Franc at 09:40 GMT this morning, 0.16% higher from the New York close. Earlier in the session, Switzerland’s producer and import prices rebounded in March, meeting market expectations. The pair traded at a high of 1.0044 and a low of 1.0007 this morning. Yesterday, the USD traded 0.44% lower against the CHF in the New York session and ended at 1.0025. The pair is expected to its find support at 1.0002 and its first resistance at 1.0084.

 

USDCAD increased 0.0014 or 0.11%

USDCAD

The pair is trading at 1.3242 at 09:40 GMT this morning, with the USD trading a tad lower against CAD from the New York close. The pair traded at a high of 1.3251 and a low of 1.3220 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.5% lower at 1.3247. Yesterday, the Bank of Canada (BoC) left the benchmark interest rate unchanged at 0.50%, as widely expected. The pair is expected to its find support at 1.3197 and its first resistance at 1.3309.

 

Australian dollar rose strongly 

AUDUSD

The pair is trading at 0.7577 at 09:40 GMT this morning, with the Australian Dollar trading 0.64% higher against US Dollar from the New York close, after the number of people employed in Australia jumped more-than-expected in March. This morning, the pair traded at a high of 0.7595 and a low of 0.7524. The Australian Dollar traded 0.57% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7529. The pair is expected to its find support at 0.7499 and its first resistance at 0.7625.

 

Gold decreased 2.75 USD/t oz. or 0.21%

Gold

Gold is trading at $1287.50 per ounce at 09:40 GMT this morning, marginally lower from the New York close. This morning, the precious metal traded at a high of $1290.10 per ounce and a low of $1285.90 per ounce. Yesterday, gold traded 0.83% higher in the New York session and closed at $1288.10 per ounce, amid a broad weakness in the greenback. Immediate downside, the first support level is seen at $1277.50 per ounce, while on the upside, the first resistance level is at $1293.80 per ounce.

 

Silver decreased 0.02 USD/t. oz or 0.08%

Silver

The precious metal is trading at $18.57 per ounce at 09:40 GMT this morning, 0.35% higher from the New York close. During the session, silver traded at a high of $18.58 per ounce and a low of $18.46 per ounce. In the New York session yesterday, silver rose 0.98% and closed at $18.50 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $18.35 per ounce, while on the upside, the first resistance level is at $18.69 per ounce.

 

Crude Oil increased 0.14 USD/BBL or 0.26%

Oil

The commodity is trading at $53.08 per barrel at 09:40 GMT this morning, 0.32% higher from the New York close. Crude oil witnessed a high of $53.15 per barrel and a low of $52.82 per barrel during the session. In the New York session yesterday, crude oil fell 1.34% to close at $52.91 per barrel, amid worries of rising US crude production. However, crude prices trimmed some losses after the EIA reported that US crude oil inventories surprisingly dropped by 2.2 million barrels to 533.2 million barrels last week. Immediate downside, the first support level is seen at $52.61 per barrel, while on the upside, the first resistance level is at $53.66 per barrel.

 

Economic Snapshot

 

German final consumer price index advanced in March

In Germany, the final consumer price index rose 0.2% MoM in March, meeting market expectations and confirming the preliminary print.

 

Swiss producer and import price index rose as expected in March

On a monthly basis in March, the producer and import price index rose 0.10% in Switzerland, compared to a drop of 0.20% in the previous month. Markets were anticipating the producer and import price index to advance 0.10%.

  

Chinese imports climbed more than expected in March

China’s exports jumped by 22.3% YoY in March, surpassing market expectations for an advance of 8.0%. In the prior month, exports had registered a gain of 4.2%.

 

Australian unemployment rate remained steady in March

In March, the seasonally adjusted unemployment rate remained steady at 5.90% in Australia. Market anticipation was for unemployment rate to record a steady reading.

 

Number of people employed in Australia registered a rise in March

On a seasonally adjusted basis, number of people employed in Australia climbed by 60.90 K in March, more than market expectations of an advance of 20.00 K. Number of people employed had registered a revised increase of 2.80 K in the prior month.

 

Australian consumer inflation expectations rose in April

In April, the consumer inflation expectations rose to a level of 4.10% in Australia. The consumer inflation expectations had recorded a reading of 4.00% in the prior month.



TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.12.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.12.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS   MAJOR CURRENCY PAIR 4.12.17  This morning, the greenback is trading lower against most of the major currencies, ahead of the US monthly budget statement, MBA mortgage applications a

BUZ INVESTORS   MAJOR CURRENCY PAIR 4.12.17  This morning, the greenback is trading lower against most of the major currencies, ahead of the US monthly budget statement, MBA mortgage applications along with the import and export price index, slated to release in a few hours.

The GBP is trading higher against the USD. Earlier in the session, data revealed that UK’s ILO unemployment rate remained steady at an 11-year low level in the three month to February, in line with market expectations. Moreover, the number of people in work came in weaker than anticipated in the same period. Meanwhile, the nation’s wages excluding bonus grew at its weakest pace in 7 months for the three months ended in February, suggesting that soaring inflation in the economy is taking a bite out of consumer spending.

The AUD nudged higher against the USD. On the data front, Australia’s Westpac consumer confidence index declined in April. Earlier today, in China, Australia’s largest trading partner, the consumer price inflation edged higher on an annual basis in March. Moreover, the nation’s annual producer prices advanced better-than-expected in the same month.

Yesterday, the greenback traded mixed in the New York session, against the key currencies. On the data front, JOLTs job openings in the US jumped to a 7-month high level in February, boosting optimism over the health of the nation’s labor market.




 

 MAJOR CURRENCY PAIR 4.12.17

EURUSD increased 0.0016 or 0.15%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0610 against the USD, 0.06% higher from the New York close. In economic news, Germany’s wholesale price index remained flat on a monthly basis in March. This morning, the pair traded at a high of 1.0623 and a low of 1.0593. The Euro traded marginally lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0604. The pair is expected to its find support at 1.0592 and its first resistance at 1.0629.

 

GBPUSD increased 0.0022 or 0.17%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2500, with the Pound trading 0.08% higher against US Dollar from the New York close, after UK’s ILO unemployment rate remained steady for the three months to February, meeting market expectations. The pair witnessed a high of 1.2518 and a low of 1.2477 during the session. Yesterday, the Pound traded 0.48% higher against the US Dollar in the New York session and ended at 1.2490. Immediate downside, the first support level is seen at 1.2434, while on the upside, the first resistance level is situated at 1.2542.

 

USDJPY decreased 1.3750 or 1.24%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 109.67 against the Yen, 0.09% higher from the New York close. Overnight data indicated that Japan’s machinery orders rebounded on a monthly basis in February. During the session, the pair traded at a high of 109.75 and a low of 109.33. Yesterday, the US Dollar traded 0.79% lower against the Yen in the New York session and ended at 109.57. The pair is expected to its find support at 109.10 and its first resistance at 110.47.

 

USDCHF decreased 0.0025 or 0.25%

USDCHF

The US Dollar is trading at 1.0067 against the Swiss Franc at 09:40 GMT this morning, a tad lower from the New York close. Amid no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic events. The pair traded at a high of 1.0081 and a low of 1.0057 this morning. Yesterday, the USD traded 0.09% lower against the CHF in the New York session and ended at 1.0072. The pair is expected to its find support at 1.0052 and its first resistance at 1.0084.

 

USDCAD decreased 0.0032 or 0.24%

USDCAD

The pair is trading at 1.3320 at 09:40 GMT this morning, with the USD trading marginally lower against CAD from the New York close. Going ahead, market participants will focus on the Bank of Canada’s (BoC) interest rate decision, due in a few hours. The pair traded at a high of 1.3339 and a low of 1.3310 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing slightly higher at 1.3324. The pair is expected to its find support at 1.3299 and its first resistance at 1.3349.

 

AUDUSD decreased 0.0013 or 0.17%

AUDUSD

The pair is trading at 0.7498 at 09:40 GMT this morning, with the Australian Dollar trading slightly higher against US Dollar from the New York close. Earlier in the session, data revealed that Australia’s Westpac consumer confidence index dropped in April. This morning, the pair traded at a high of 0.7508 and a low of 0.7481. The Australian Dollar traded 0.16% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7497. The pair is expected to its find support at 0.7474 and its first resistance at 0.7518.

 

Spot gold climbed to 1279 USD per ounce

Gold

Gold is trading at $1274.90 per ounce at 09:40 GMT this morning, 0.09% lower from the New York close. This morning, the precious metal traded at a high of $1281.80 per ounce and a low of $1274.40 per ounce. Yesterday, gold traded 1.09% higher in the New York session and closed at $1276.00 per ounce, as heightened geopolitical tensions boosted demand for the safe haven yellow metal. Immediate downside, the first support level is seen at $1261.47 per ounce, while on the upside, the first resistance level is at $1285.07 per ounce.

 

Silver increased 0.44 USD/t. oz or 2.46%

Silver

The precious metal is trading at $18.30 per ounce at 09:40 GMT this morning, 0.14% lower from the New York close. During the session, silver traded at a high of $18.43 per ounce and a low of $18.29 per ounce. In the New York session yesterday, silver rose 1.83% and closed at $18.33 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $18.00 per ounce, while on the upside, the first resistance level is at $18.52 per ounce.

 

Crude Oil increased 0.28 USD/BBL or 0.52%

Oil

The commodity is trading at $53.67 per barrel at 09:40 GMT this morning, 0.54% higher from the New York close. Crude oil witnessed a high of $53.74 per barrel and a low of $53.35 per barrel during the session. In the New York session yesterday, crude oil rose 0.85% to close at $53.38 per barrel, after the API disclosed that US crude oil stockpiles surprisingly fell by 1.3 million barrels last week. Additionally, Saudi Arabia called for a 6-month extension of OPEC’s production cut agreement. Immediate downside, the first support level is seen at $53.00 per barrel, while on the upside, the first resistance level is at $54.04 per barrel.

 

Economic Snapshot

 

UK ILO unemployment rate remained steady in the December-February 2017 period

The ILO unemployment rate remained flat at a level of 4.70% in the UK, in the December-February 2017 period, in line with market expectations.

 

 

UK average earnings excluding bonus advanced more than expected in the December-February 2017 period

The average earnings excluding bonus recorded a rise of 2.20% on an annual basis in the December-February 2017 period, in the UK, more than market expectations for an advance of 2.10%. The average earnings excluding bonus had registered a revised rise of 2.40% in the November-January 2017 period.

 

German wholesale price index remained flat in March

The wholesale price index in Germany remained flat on a monthly basis, in March. In the previous month, the wholesale price index had recorded a revised rise of 0.50%.

 

Chinese consumer price index advanced less than expected in March

The consumer price index in China registered a rise of 0.90% on a YoY basis in March, compared to an advance of 0.80% in the previous month. Markets were anticipating the consumer price index to climb 1.00%.

  

Australian Westpac consumer confidence index slid in April 

In April, Westpac consumer confidence index registered a drop of 0.70%, on monthly basis, to a level of 99.00 in Australia, compared to a level of 99.70 in the previous month.




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.11.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.11.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS MAJOR CURRENCY PAIR 4.11.17 This morning, the greenback is trading lower against most of the major currencies. On the data front, the US NFIB small business optimism index eased as expected in March.

BUZ INVESTORS MAJOR CURRENCY PAIR 4.11.17 This morning, the greenback is trading lower against most of the major currencies. On the data front, the US NFIB small business optimism index eased as expected in March.

The EUR is trading higher against the USD, after the Eurozone’s ZEW expectations index improved in April, while Germany’s investor morale brightened to its highest level in 20 months in the same month, aided by a robust first quarter performance. In contrast, industrial production in the common currency region disappointed with an unexpected drop in February, amid a decline in energy output.

The GBP is trading a tad higher against the USD, after UK’s annual consumer price inflation rose as expected in March, remaining above the Bank of England’s 2.0% target, as cheaper airfares and falling petrol costs helped to offset a rise in food and clothing prices.

The AUD gained ground against the USD, after Australia’s business conditions index surged to its highest level since February 2008 in March.

Yesterday, the greenback traded lower in the New York session, against the key currencies, after the US Federal Reserve Chair, Janet Yellen, diminished odds of faster rate hikes this year, stating that it would be appropriate to raise interest rates gradually if the economy continued to perform strongly. Nevertheless, Yellen also added that the central bank is close to achieving its goals on employment and inflation.

On the economic front, labor market conditions index in the US worsened in March.



 MAJOR CURRENCY PAIR 4.11.17

EURUSD increased 0.0029 or 0.27%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0604 against the USD, 0.1% higher from the New York close, after the Eurozone’s ZEW expectations index surprisingly advanced in April, while Germany’s ZEW expectations index rose more-than-estimated in the same month. This morning, the pair traded at a high of 1.0609 and a low of 1.0577. The Euro traded 0.15% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0593. The pair is expected to its find support at 1.0578 and its first resistance at 1.0619.

 

GBPUSD increased 0.0076 or 0.61%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2415, with the Pound trading marginally lower against US Dollar from the New York close. On the macro front, UK’s consumer price inflation rose more-than-anticipated on a monthly basis in March. The pair witnessed a high of 1.2445 and a low of 1.2401 during the session. Yesterday, the Pound traded 0.12% higher against the US Dollar in the New York session and ended at 1.2416. Immediate downside, the first support level is seen at 1.2387, while on the upside, the first resistance level is situated at 1.2444.

 

USDJPY decreased 1.0550 or 0.95%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 110.67 against the Yen, 0.16% lower from the New York close. In economic news, data showed that Japan’s flash machine tool orders jumped in March. During the session, the pair traded at a high of 110.89 and a low of 110.43. Yesterday, the US Dollar traded 0.39% lower against the Yen in the New York session and ended at 110.85. The pair is expected to its find support at 110.27 and its first resistance at 111.24.

 

USDCHF decreased 0.0016 or 0.15%

USDCHF

The US Dollar is trading at 1.0068 against the Swiss Franc at 09:40 GMT this morning, 0.14% lower from the New York close. The pair traded at a high of 1.0093 and a low of 1.0065 this morning. Yesterday, the USD traded 0.16% lower against the CHF in the New York session and ended at 1.0082. The pair is expected to its find support at 1.0053 and its first resistance at 1.0095.

 

USDCAD increased 0.0022 or 0.16%

USDCAD

The pair is trading at 1.3323 at 09:40 GMT this morning, with the USD trading slightly lower against CAD from the New York close. The pair traded at a high of 1.3333 and a low of 1.3310 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.23% lower at 1.3329. The Canadian Dollar gained ground, after Canada’s housing starts increased more-than-expected in March. The pair is expected to its find support at 1.3288 and its first resistance at 1.3379.

 

AUDUSD decreased 0.0006 or 0.07%

AUDUSD

The pair is trading at 0.7503 at 09:40 GMT this morning, with the Australian Dollar trading marginally higher against US Dollar from the New York close. Earlier in the session, Australia’s NAB business conditions index jumped in March, while the business confidence index eased in the same month. This morning, the pair traded at a high of 0.7513 and a low of 0.7491. The Australian Dollar traded 0.23% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7503. The pair is expected to its find support at 0.7485 and its first resistance at 0.7517.

 

Gold increased 9.92 USD/t oz. or 0.79%

Gold

Gold is trading at $1258.20 per ounce at 09:40 GMT this morning, 0.14% higher from the New York close. This morning, the precious metal traded at a high of $1261.00 per ounce and a low of $1254.70 per ounce. Yesterday, gold traded 0.47% higher in the New York session and closed at $1256.50 per ounce, amid a broad weakness in the US Dollar. Immediate downside, the first support level is seen at $1250.60 per ounce, while on the upside, the first resistance level is at $1263.40 per ounce.

 

Silver increased 0.16 USD/t. oz or 0.89%

Silver

The precious metal is trading at $17.93 per ounce at 09:40 GMT this morning, 0.11% lower from the New York close. During the session, silver traded at a high of $17.99 per ounce and a low of $17.91 per ounce. In the New York session yesterday, silver rose 0.50% and closed at $17.95 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $17.78 per ounce, while on the upside, the first resistance level is at $18.03 per ounce.

 

Crude Oil decreased 0.06 USD/BBL or 0.11%

Oil

The commodity is trading at $52.95 per barrel at 09:40 GMT this morning, 0.43% lower from the New York close. Crude oil witnessed a high of $53.23 per barrel and a low of $52.83 per barrel during the session. In the New York session yesterday, crude oil rose 0.76% to close at $53.18 per barrel, amid disruptions in Libyan crude output. Immediate downside, the first support level is seen at $52.56 per barrel, while on the upside, the first resistance level is at $53.28 per barrel.

 




Economic Snapshot

 

UK consumer price index rose more than expected in March

In March, on a monthly basis, the consumer price index in the UK registered a rise of 0.40%, higher than market expectations for a rise of 0.30%. The consumer price index had registered a rise of 0.70% in the prior month.

 

Eurozone industrial production unexpectedly slid in February

On a monthly basis, the seasonally adjusted industrial production unexpectedly dropped 0.30% in the Eurozone, in February, less than market expectations for a rise of 0.10%. Industrial production had recorded a revised rise of 0.30% in the prior month.

 

Eurozone economic sentiment index advanced in April

In April, the economic sentiment index in the Eurozone advanced to 26.30. The economic sentiment index had recorded a reading of 25.60 in the previous month.

 

German current situation index climbed in April

In April, the current situation index in Germany advanced to 80.10, higher than market expectations of a rise to a level of 77.50. The current situation index had recorded a level of 77.30 in the previous month.

 

German economic sentiment index registered a rise in April

The economic sentiment index climbed to 19.50 in Germany, in April, compared to a level of 12.80 in the prior month. Markets were anticipating the economic sentiment index to advance to a level of 14.80.

 

 




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.10.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.10.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS MAJOR CURRENCY PAIR 4.10.17 This morning, the greenback is trading higher against most of the major currencies, ahead of a speech by the US Federal Reserve Chair, Janet Yellen, due to release in a few hours.

BUZ INVESTORS  MAJOR CURRENCY PAIR 4.10.17  This morning, the greenback is trading higher against most of the major currencies, ahead of a speech by the US Federal Reserve Chair, Janet Yellen, due to release in a few hours.

The EUR is trading lower against the USD. Earlier in the session, data showed that investor morale in the Eurozone surged in April, pushing the index to its highest level in nearly a decade, thus highlighting that investors’ brushed off uncertainty over the outcome of the French Presidential election.

The GBP is trading higher against the USD. On Friday, UK’s leading think tanker, NIESR disclosed that UK’s economy expanded at a weaker-than-expected pace of 0.5% in the three months to March.

On Friday, the greenback traded higher in the New York session, against the key currencies, after the New York Federal Reserve (Fed) President, William Dudley, stated that central bank’s plan to shrink its bond portfolio would not significantly affect its monetary policy trajectory.

Earlier in the session, the greenback lost ground against its major peers, after the latest jobs report painted a mixed picture of the nation’s labor market. Non-farm payrolls in the US added least number of jobs in 10 months in March, as inclement weather weighed on the nation’s job growth. In contrast, the nation’s unemployment rate unexpectedly fell to a nearly 10-year low level in March and the nation’s average hourly earnings of all employees advanced as expected in the same month.



 MAJOR CURRENCY PAIR 4.10.17

EURUSD increased 0.0017 or 0.16%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0580 against the USD, 0.15% lower from the New York close. Earlier in the session, the Eurozone’s Sentix investor confidence index advanced more-than-expected in April. This morning, the pair traded at a high of 1.0598 and a low of 1.0568. The Euro traded 0.16% lower against the US Dollar in the New York session on Friday, with the pair closing the session at 1.0596. The pair is expected to its find support at 1.0543 and its first resistance at 1.0641.

 

GBPUSD increased 0.0048 or 0.39%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2392, with the Pound trading 0.16% higher against US Dollar from the New York close. Going ahead, market participants will focus on Britain’s consumer price inflation data, slated to release tomorrow. The pair witnessed a high of 1.2405 and a low of 1.2362 during the session. On Friday, the Pound traded 0.16% lower against the US Dollar in the New York session and ended at 1.2372. Immediate downside, the first support level is seen at 1.2352, while on the upside, the first resistance level is situated at 1.2441.

 

USDJPY decreased 0.2900 or 0.26%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 111.25 against the Yen, 0.16% higher from the New York close. Overnight data revealed that Japan posted a more-than-expected trade surplus (BOP basis) in February. During the session, the pair traded at a high of 111.57 and a low of 111.03. On Friday, the US Dollar traded 0.34% higher against the Yen in the New York session and ended at 111.07. The pair is expected to its find support at 110.40 and its first resistance at 111.83.

 

The USDCHF decreased 0.0001 or 0.01%

USDCHF

The US Dollar is trading at 1.0096 against the Swiss Franc at 09:40 GMT this morning, 0.11% higher from the New York close. Amid no economic releases in Switzerland today, trading trend in the CHF is expected to be determined by global macroeconomic news. The pair traded at a high of 1.0104 and a low of 1.0082 this morning. On Friday, the USD traded 0.17% higher against the CHF in the New York session and ended at 1.0085. The pair is expected to its find support at 1.0047 and its first resistance at 1.0124.

 

USDCAD decreased 0.0012 or 0.09%

USDCAD

The pair is trading at 1.3388 at 09:40 GMT this morning, with the USD trading 0.1% lower against CAD from the New York close. The pair traded at a high of 1.3426 and a low of 1.3386 this morning. The US Dollar advanced against the Canadian Dollar in the New York session on Friday, closing 0.2% higher at 1.3401. On the macro front, Canada’s unemployment rate rose to 6.7% in March, meeting market expectations. The pair is expected to its find support at 1.3343 and its first resistance at 1.3429.

 

AUDUSD decreased 0.0017 or 0.22%

AUDUSD

The Australian Dollar is trading at 0.7486 against the US Dollar at 09:40 GMT, 0.21% lower from the New York close. Early morning data indicated that Australia’s home loans surprisingly dropped in February. This morning, the pair traded at a high of 0.7508 and a low of 0.7472. The AUD fell against the USD in the New York session on Friday, closing marginally higher at 0.7502. The pair is expected to its find support at 0.7457 and its first resistance at 0.7530.

Gold decreased 4.55 USD/t oz. or 0.36%

 

Gold

Gold is trading at $1255.20 per ounce at 09:40 GMT this morning, 0.07% lower from the New York close. Gold witnessed a high of $1256.80 per ounce and a low of $1253.30 per ounce during the session. Gold fell in the New York session on Friday, closing 0.97% lower at $1256.10 per ounce, amid a broad strength in the greenback. Immediate downside, the first support level is seen at $1247.77 per ounce, while on the upside, the first resistance level is at $1267.97 per ounce.

 

Silver decreased 0.11 USD/t. oz or 0.63%

Silver

This morning, silver is trading at $17.93 per ounce at 09:40 GMT, 0.33% lower from the New York close. Silver witnessed a high of $18.01 per ounce and a low of $17.92 per ounce during the session. On Friday, silver traded 2.28% lower in the New York session and closed at $17.99 per ounce, tracking losses in gold prices. Silver has its first support at $17.71 per ounce and its first resistance at $18.31 per ounce.

 

Crude Oil increased 0.61 USD/BBL or 1.17%

Oil

At 09:40 GMT, the commodity is trading at $52.63 per barrel, 0.65% higher from the New York close. During the session, crude oil traded at a high of $52.67 per barrel and a low of $52.27 per barrel. The commodity advanced in the New York session on Friday, closing 1.08% higher at $52.29 per barrel, after the US launched a missile attack on Syria. However, gains in crude oil were capped, after Baker Hughes disclosed that active oil rigs in the US rose by 10 to 672 last week. Crude oil has its first

support at $51.86 per barrel and its first resistance at $53.04 per barrel.

 

Economic Snapshot

 

UK NIESR estimated GDP advanced less than expected in the January-March 2017 period

NIESR estimated gross domestic product (GDP) rose 0.50% in the UK on a monthly basis in the January-March 2017 period, lower than market expectations for an advance of 0.60%. In the December-February 2017 period, NIESR estimated GDP had registered a revised similar rise.

 

Eurozone investor confidence index rose in April

In April, the investor confidence index in the Eurozone rose to a level of 23.90, compared to market expectations of an advance to a level of 21.00. In the previous month, the investor confidence index had recorded a reading of 20.70.




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.7.17 Data | Chart | Calendar

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.7.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS  MAJOR CURRENCY PAIR 4.7.17  This morning, the greenback is trading higher against most of the major currencies, ahead of the crucial US non-farm payrolls and unemployment rate data

BUZ INVESTORS  MAJOR CURRENCY PAIR 4.7.17  This morning, the greenback is trading higher against most of the major currencies, ahead of the crucial US non-farm payrolls and unemployment rate data, scheduled to release in a few hours.

The EUR is trading lower against the USD. Earlier today, Germany’s seasonally adjusted industrial production surprisingly surged in February, amid robust activity in the construction sector, thus pointing to a pickup in the nation’s economic growth. Moreover, the nation’s trade surplus swelled in February, on the back of a jump in exports. Yesterday, minutes from the ECB’s March meeting showed that committee members broadly agreed that a substantial degree of stimulus is still needed.

The GBP is trading lower against the USD, following a batch of disappointing economic releases in the UK. Data revealed that Britain’s manufacturing and industrial production, both surprisingly declined on a monthly basis in February, suggesting that the nation’s economic activity is losing momentum in the first quarter of the year. Moreover, the nation’s construction output unexpectedly fell in February, while total trade deficit surprisingly widened in the same month. Separately, the Bank of England Governor, Mark Carney indicated that Brexit negotiations pose risk to UK’s financial stability.

Yesterday, the greenback traded higher in the New York session, against the key currencies, driven by robust US jobless claims data. The number of Americans applying for fresh jobless claims dropped to a nearly 2-year low level last week, highlighting strength in the nation’s labor market.



 MAJOR CURRENCY PAIR 4.7.17

EURUSD decreased 0.0037 or 0.34%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0633 against the USD, 0.08% lower from the New York close. In economic news, Germany’s seasonally adjusted industrial production surprisingly rose on a monthly basis in February. This morning, the pair traded at a high of 1.0660 and a low of 1.0628. The Euro traded 0.17% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0642. The pair is expected to its find support at 1.0616 and its first resistance at 1.0663.

 

GBPUSD decreased 0.0075 or 0.60%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2424, with the Pound trading 0.34% lower against US Dollar from the New York close, after Britain’s industrial as well as manufacturing production, both unexpectedly eased in February. The pair witnessed a high of 1.2477 and a low of 1.2419 during the session. Yesterday, the Pound traded slightly lower against the US Dollar in the New York session and ended at 1.2466. Immediate downside, the first support level is seen at 1.2394, while on the upside, the first resistance level is situated at 1.2479.

 

USDJPY decreased 0.0550 or 0.05%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 110.64 against the Yen, 0.17% lower from the New York close. Earlier in the session, Japan’s flash leading economic index eased more-than-expected in February, while the coincident index advanced as expected in the same month. During the session, the pair traded at a high of 110.99 and a low of 110.11. Yesterday, the US Dollar traded marginally higher against the Yen in the New York session and ended at 110.83. The pair is expected to its find support at 110.12 and its first resistance at 111.14.

 

USDCHF increased 0.0017 or 0.16%

USDCHF

The US Dollar is trading at 1.0055 against the Swiss Franc at 09:40 GMT this morning, a tad higher from the New York close. On the macro front, Switzerland’s seasonally adjusted unemployment rate remained steady at 3.3% in March. The pair traded at a high of 1.0067 and a low of 1.0027 this morning. Yesterday, the USD traded 0.18% higher against the CHF in the New York session and ended at 1.0051. The pair is expected to its find support at 1.0030 and its first resistance at 1.0073.

 

USDCAD decreased 0.0019 or 0.14%

USDCAD

The pair is trading at 1.3391 at 09:40 GMT this morning, with the USD trading 0.18% lower against CAD from the New York close. The pair traded at a high of 1.3431 and a low of 1.3381 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.1% lower at 1.3415. In economic news, Canada’s building permits unexpectedly dropped on a monthly basis in February. The pair is expected to its find support at 1.3367 and its first resistance at 1.3429.

 

AUDUSD decreased 0.0032 or 0.42%

AUDUSD

The pair is trading at 0.7526 at 09:40 GMT this morning, with the Australian Dollar trading 0.19% lower against US Dollar from the New York close. Overnight data showed that Australia’s AIG performance of construction index declined in March. This morning, the pair traded at a high of 0.7543 and a low of 0.7513. The Australian Dollar traded 0.33% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7540. The pair is expected to its find support at 0.7504 and its first resistance at 0.7558.

 

Spot gold gained 1.3 percent to 1269

Gold

Gold is trading at $1266.30 per ounce at 09:40 GMT this morning, 1.02% higher from the New York close. This morning, the precious metal traded at a high of $1271.50 per ounce and a low of $1252.40 per ounce. Yesterday, gold traded 0.11% lower in the New York session and closed at $1253.50 per ounce, amid a stronger greenback. Immediate downside, the first support level is seen at $1254.57 per ounce, while on the upside, the first resistance level is at $1274.77 per ounce.

 

Silver increased 0.14 USD/t. oz or 0.77%

Silver

The precious metal is trading at $18.42 per ounce at 09:40 GMT this morning, 0.9% higher from the New York close. During the session, silver traded at a high of $18.49 per ounce and a low of $18.21 per ounce. In the New York session yesterday, silver rose 0.16% and closed at $18.25 per ounce. Immediate downside, the first support level is seen at $18.22 per ounce, while on the upside, the first resistance level is at $18.55 per ounce.

 

Crude oil prices surged 2 percent to $51.89

Oil

The commodity metal is trading at $52.53 per barrel at 09:40 GMT this morning, 1.66% higher from the New York close, after the US launched a missile strike on Syria in retaliation for a chemical weapons attack in the country. Crude oil witnessed a high of $52.94 per barrel and a low of $51.60 per barrel during the session. In the New York session yesterday, crude oil rose 0.25% to close at $51.67 per barrel, reversing its previous session losses. Immediate downside, the first support level is seen at $51.46 per barrel, while on the upside, the first resistance level is at $53.27 per barrel.

 

Economic Snapshot

 

UK manufacturing production unexpectedly slid in February

On a monthly basis, manufacturing production in the UK unexpectedly eased 0.10% in February, compared to a revised drop of 1.00% in the prior month. Market anticipation was for manufacturing production to rise 0.30%.

 

UK industrial production unexpectedly fell in February

In February, on a monthly basis, industrial production unexpectedly fell 0.70% in the UK, lower than market expectations for a rise of 0.20%. In the prior month, industrial production had registered a revised drop of 0.30%.

 

 

 

UK total trade deficit widened in February

Total trade deficit in the UK rose to £3.66 billion in February, following a revised total trade deficit of £2.97 billion in the previous month. Market expectation was for the nation to record a total trade deficit of £2.20 billion.

 

 

In February, construction output unexpectedly fell 1.70% in the UK on a MoM basis, lower than market expectations for a rise of 0.10%. In the prior month, construction output had recorded a revised unchanged reading.




 

German industrial production unexpectedly climbed in February

In February, the seasonally adjusted industrial production unexpectedly rose 2.20% on a MoM basis in Germany, more than market expectations for a drop of 0.20%. In the prior month, industrial production had registered a revised similar rise.

 

Swiss unemployment rate remained unchanged in March

In March, the seasonally adjusted unemployment rate remained steady at a level of 3.30% in Switzerland, in line with market expectations.

 

Japanese leading economic index eased in February

The flash leading economic index dropped to 104.40 in February, in Japan, compared to market expectations of a fall to a level of 104.60. The leading economic index had recorded a reading of 104.90 in the previous month.

 

Japanese coincident index rose in February

The preliminary coincident index rose to a level of 115.50 in Japan, in February, compared to a reading of 115.10 in the previous month. Market anticipation was for the coincident index to rise to 115.50.

 

Australian AIG performance of construction index declined in March

In March, the AIG performance of construction index in Australia recorded a drop to 51.20. The AIG performance of construction index had recorded a level of 53.10 in the previous month.




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.6.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.6.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS  MAJOR CURRENCY PAIR 4.6.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US weekly jobless

BUZ INVESTORS  MAJOR CURRENCY PAIR 4.6.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US weekly jobless claims data, slated to release in a few hours.

The EUR is trading a tad higher against the USD. The European Central Bank (ECB) President, Mario Draghi, dampened hopes of an imminent interest rate hike, stating that the bank’s stimulus efforts are still needed to boost lackluster growth and subdued inflation in the common currency region. Separately, Germany’s factory orders rebounded in February, after recording its steepest drop in 8 years in January. Additionally, activity in the nation’s construction sector accelerated at the fastest pace in more than a year in March.

The AUD lost ground against the USD. Earlier in the session, in China, Australia’s largest trading partner, the Caixin services PMI expanded at its weakest pace in 6 months in March.

Yesterday, the greenback traded mostly higher in the New York session, against the key currencies, after data showed that US private sector added jobs at the fastest pace in over 2 years in March, pointing to robust growth in the nation’s labor market. In contrast, the nation’s ISM non-manufacturing PMI disappointed with a slowest pace of expansion in 5 months in March. Additionally, the nation’s final Markit services PMI fell more than initially estimated in the same month. Meanwhile, the FOMC’s latest meeting minutes disclosed that the Fed is on course to pare back its $4.5 trillion balance sheet later this year.



 MAJOR CURRENCY PAIR 4.6.17

EURUSD decreased 0.0024 or 0.22%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0666 against the USD, a tad higher from the New York close. In economic news, Germany’s seasonally adjusted factory orders rebounded less-than-expected on a monthly basis in February. This morning, the pair traded at a high of 1.0684 and a low of 1.0627. The Euro traded marginally lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0666. The pair is expected to its find support at 1.0634 and its first resistance at 1.0692.

 

GBPUSD decreased 0.0007 or 0.05%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2472, with the Pound trading 0.14% lower against US Dollar from the New York close. Going ahead, investors’ will look forward to UK’s manufacturing and industrial production data, slated to release tomorrow. The pair witnessed a high of 1.2500 and a low of 1.2454 during the session. Yesterday, the Pound traded slightly higher against the US Dollar in the New York session and ended at 1.2489. Immediate downside, the first support level is seen at 1.2445, while on the upside, the first resistance level is situated at 1.2499.

 

USDJPY increased 0.4600 or 0.42%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 110.73 against the Yen, 0.2% higher from the New York close. On the macro front, Japan’s consumer confidence index advanced more than expected in March. During the session, the pair traded at a high of 110.84 and a low of 110.27. Yesterday, the US Dollar traded 0.6% lower against the Yen in the New York session and ended at 110.51. The pair is expected to its find support at 110.19 and its first resistance at 111.36.

 

USDCHF increased 0.0009 or 0.08%

USDCHF

The US Dollar is trading at 1.0038 against the Swiss Franc at 09:40 GMT this morning, slightly lower from the New York close. Earlier in the session, Switzerland’s consumer price index rose as expected on a monthly basis in March. The pair traded at a high of 1.0067 and a low of 1.0023 this morning. Yesterday, the USD traded 0.13% higher against the CHF in the New York session and ended at 1.0041. The pair is expected to its find support at 1.0013 and its first resistance at 1.0070.

 

USDCAD decreased 0.0025 or 0.18% t

USDCAD

The pair is trading at 1.3441 at 09:40 GMT this morning, with the USD trading a tad higher against CAD from the New York close. Moving ahead, market participants will await the release of Canada’s building permits data, set to release in a few hours. The pair traded at a high of 1.3450 and a low of 1.3427 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.41% higher at 1.3437. The pair is expected to its find support at 1.3395 and its first resistance at 1.3468.

 

The AUDUSD decreased 0.0016 or 0.21%

AUDUSD

The pair is trading at 0.7549 at 09:40 GMT this morning, with the Australian Dollar trading 0.21% lower against US Dollar from the New York close. Early morning data revealed that in China, Australia’s largest trading partner, the Caixin services PMI eased in March. This morning, the pair traded at a high of 0.7576 and a low of 0.7529. The Australian Dollar traded 0.17% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7565. The pair is expected to its find support at 0.7523 and its first resistance at 0.7580.

 

Gold decreased 5.40 USD/t oz. or 0.43%

Gold

Gold is trading at $1255.80 per ounce at 09:40 GMT this morning, 0.18% lower from the New York close. This morning, the precious metal traded at a high of $1260.90 per ounce and a low of $1254.40 per ounce. Yesterday, gold traded 0.58% higher in the New York session and closed at $1258.10 per ounce, amid a broad weakness in global equity markets. Immediate downside, the first support level is seen at $1247.17 per ounce, while on the upside, the first resistance level is at $1262.67 per ounce.

 

Silver decreased 0.10 USD/t. oz or 0.52%

Silver

The precious metal is trading at $18.24 per ounce at 09:40 GMT this morning, 0.36% lower from the New York close. During the session, silver traded at a high of $18.36 per ounce and a low of $18.22 per ounce. In the New York session yesterday, silver rose 0.14% and closed at $18.31 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $18.14 per ounce, while on the upside, the first resistance level is at $18.35 per ounce.

 

Crude Oil increased 0.65 USD/BBL or 1.28%

Oil

The commodity is trading at $51.16 per barrel at 09:40 GMT this morning, 0.61% higher from the New York close. Crude oil witnessed a high of $51.27 per barrel and a low of $50.77 per barrel during the session. In the New York session yesterday, crude oil fell 1.82% to close at $50.85 per barrel, after the EIA revealed that US crude oil inventories surprisingly rose by 1.6 million barrels to 535.5 million barrels last week. Immediate downside, the first support level is seen at $50.64 per barrel, while on the upside, the first resistance level is at $51.78 per barrel.

 

Economic Snapshot

 

German factory orders advanced less than expected in February

In February, the seasonally adjusted factory orders recorded a rise of 3.40% on a monthly basis in Germany, less than market expectations for a rise of 4.00%. Factory orders had recorded a revised drop of 6.80% in the previous month.

 

Swiss consumer price index rose as expected in March

In Switzerland, the consumer price index recorded a rise of 0.20% on a monthly basis in March, in line with market expectations. In the previous month, the consumer price index had registered a rise of 0.50%.

 

Japanese consumer confidence index climbed in March

The consumer confidence index climbed to 43.90 in Japan, in March, compared to a revised level of 43.20 in the previous month. Markets were expecting the consumer confidence index to rise to a level of 43.40.

 

Chinese Caixin/Markit manufacturing PMI index fell in March

Compared to a revised level of 52.60 in the previous month Caixin/Markit manufacturing PMI index in China eased to 52.20 in March. Market expectation was for Caixin/Markit manufacturing PMI index to ease to 51.70.




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.4.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.4.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS MAJOR CURRENCY PAIR 4.4.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US ADP employment change,

BUZ INVESTORS MAJOR CURRENCY PAIR 4.4.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US ADP employment change, ISM non-manufacturing and the Markit services PMIs, scheduled to release in a few hours.

The EUR is trading lower against the USD. Earlier in the session, growth in the Eurozone’s services sector came in slightly weaker than initially estimated in March, whereas activity in Germany’s services sector was confirmed at a 15 month high level in the same month, indicating that the region’s first quarter got off to a strong start.

The GBP is trading higher against the USD, after data showed that Britain’s services sector expanded at the fastest pace in 3 months in March, reinforcing optimism over the health of the nation’s economy.

The Yen is trading lower against the USD. On the macro front, Japan’s services sector activity surged in March, clocking the fastest pace of expansion in 19 months, thus hinting that the world’s third-largest economy continues to gain momentum.

Yesterday, the greenback traded lower in the New York session, against the key currencies. Macroeconomic data indicated that trade deficit in the US sharply narrowed in February, as exports surged to a 2-year high level. Also, the nation’s factory orders grew for a third straight month in February, at par with market expectations, whereas final durable goods orders were revised slightly higher in the same month.



 MAJOR CURRENCY PAIR 4.4.17

EURUSD decreased 0.0014 or 0.14%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0666 against the USD, 0.11% lower from the New York close. Earlier today, the Eurozone’s final Markit services PMI was revised lower in March, while Germany’s services PMI rose in line with flash estimates in the same month. This morning, the pair traded at a high of 1.0689 and a low of 1.0660. The Euro traded 0.23% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0678. The pair is expected to its

find support at 1.0637 and its first resistance at 1.0692.

 

GBPUSD increased 0.0038 or 0.30%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2481, with the Pound trading 0.31% higher against US Dollar from the New York close, after data showed that UK’s Markit services PMI surprisingly climbed in March. The pair witnessed a high of 1.2489 and a low of 1.2420 during the session. Yesterday, the Pound traded 0.1% higher against the US Dollar in the New York session and ended at 1.2442. Immediate downside, the first support level is seen at 1.2438, while on the upside, the first resistance level is situated at 1.2507.

 

USDJPY increased 0.4350 or 0.39%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 110.90 against the Yen, 0.2% higher from the New York close. On the data front, Japan’s Markit services PMI rose in March. During the session, the pair traded at a high of 110.97 and a low of 110.51. Yesterday, the US Dollar traded 0.24% higher against the Yen in the New York session and ended at 110.68. The pair is expected to its find support at 110.44 and its first resistance at 111.17.

 

USDCHF increased 0.0016 or 0.16%

USDCHF

The US Dollar is trading at 1.0025 against the Swiss Franc at 09:40 GMT this morning, 0.11% higher from the New York close. Looking ahead, Switzerland’s consumer price inflation data, slated to release tomorrow, will garner a significant amount of market attention. The pair traded at a high of 1.0032 and a low of 1.0010 this morning. Yesterday, the USD traded marginally lower against the CHF in the New York session and ended at 1.0014. The pair is expected to its find support at 1.0011 and its first resistance at 1.0038.

 

USDCAD increased 0.0016 or 0.12%

USDCAD

The pair is trading at 1.3399 at 09:40 GMT this morning, with the USD trading marginally lower against CAD from the New York close. The pair traded at a high of 1.3408 and a low of 1.3383 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.35% lower at 1.3400. In economic news, Canada unexpectedly posted an international merchandise trade deficit in February. The pair is expected to its find support at 1.3370 and its first resistance at 1.3442.

 

AUDUSD increased 0.0006 or 0.07%

AUDUSD

The pair is trading at 0.7568 at 09:40 GMT this morning, with the Australian Dollar trading a tad higher against US Dollar from the New York close. Overnight data showed that Australia’s AIG performance of services index expanded in March. This morning, the pair traded at a high of 0.7587 and a low of 0.7557. The Australian Dollar traded 0.27% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7564. The pair is expected to its find support at 0.7544

and its first resistance at 0.7589.

 

Gold decreased 7.37 USD/t oz. or 0.59%

Gold

Gold is trading at $1254.70 per ounce at 09:40 GMT this morning, 0.29% lower from the New York close, ahead of a contentious meeting between the US President, Donald Trump and Chinese President, Xi Jinping, due later today. This morning, the precious metal traded at a high of $1259.30 per ounce and a low of $1254.20 per ounce. Yesterday, gold traded 0.13% lower in the New York session and closed at $1258.30 per ounce, reversing its previous session gains. Immediate downside, the first support level is seen at $1251.37 per ounce, while on the upside, the first

resistance level is at $1260.87 per ounce.

 

Silver decreased 0.01 USD/t. oz or 0.03%

Silver

The precious metal is trading at $18.26 per ounce at 09:40 GMT this morning, 0.3% lower from the New York close. During the session, silver traded at a high of $18.33 per ounce and a low of $18.24 per ounce. In the New York session yesterday, silver fell 0.22% and closed at $18.32 per ounce. Immediate downside, the first support level is seen at $18.17 per ounce, while on the upside, the first resistance level is at $18.39 per ounce.

 

Crude Oil increased 0.64 USD/BBL or 1.25%

Oil

The commodity is trading at $51.66 per barrel at 09:40 GMT this morning, 0.86% higher from the New York close. Crude oil witnessed a high of $51.69 per barrel and a low of $51.11 per barrel during the session. In the New York session yesterday, crude oil rose 1.57% to close at $51.22 per barrel, after the API disclosed that US crude oil stockpiles fell by 1.83 million barrels to 533.7 million barrels in the week ended 31 March 2017. Immediate downside, the first support level is seen at $50.61 per barrel, while on the upside, the first resistance level is at $52.20 per barrel.

 

Economic Snapshot

 

UK services PMI climbed in March

The services PMI advanced to 55.00 in March, in the UK, compared to market expectations of an advance to a level of 53.40. The services PMI had recorded a reading of 53.30 in the prior month.

 

Eurozone services PMI registered a rise in March

In March, the final services PMI in the Eurozone climbed to 56.00, lower than market expectations of an advance to a level of 56.50. In the prior month, services PMI had registered a level of 55.50. The preliminary figures had recorded a rise to 56.50.

 

German services PMI advanced in March

Compared to a level of 54.40 in the previous month the final services PMI rose to a level of 55.60 in Germany, in March. The preliminary figures had also indicated a rise to 55.60. Market anticipation was for services PMI to advance to.

 

Japanese Markit services PMI registered an increase in March

Markit services PMI advanced to 52.90 in March, in Japan. Markit services PMI had registered a reading of 51.30 in the previous month.

 

Australian AIG performance of services index expanded in March

The AIG performance of services index in Australia registered a rise to 51.70 in March, compared to a reading of 49.00 in the previous month.




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.4.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 4.4.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS MAJOR CURRENCY PAIR 4.4.17 This morning, the greenback is trading higher against most of the major currencies, ahead of US trade balance,

BUZ INVESTORS MAJOR CURRENCY PAIR 4.4.17 This morning, the greenback is trading higher against most of the major currencies, ahead of US trade balance, factory orders and final durable goods orders data, all slated to release in a few hours.

The EUR is trading lower against the USD. Earlier today, data revealed that growth in the Eurozone’s retail sales surpassed market expectations in February, dispelling concerns about the outlook for consumer spending despite a spike in inflation.

The GBP is trading lower against the USD, after Britain’s construction sector growth unexpectedly cooled in March, as a slowdown in housing market dragged down the nation’s building industry.

The AUD lost ground against the USD. Macroeconomic data showed that Australia’s trade surplus expanded more than expected in February, lifted by an increase in iron ore prices and a sharp decline in imports.

Yesterday, the greenback traded mixed in the New York session, against the key currencies. On the macro front, the US ISM manufacturing PMI indicated that activity in the manufacturing sector slowed in March, after accelerating to a more than 2 year high level in the preceding month, thus hinting that growth in manufacturing sector is losing some momentum. Also, the nation’s Markit manufacturing PMI eased more than initially expected in March. On the other hand, the nation’s construction spending rebounded to its highest level in nearly 11 years in February, amid robust gains in home building investment.




 MAJOR CURRENCY PAIR 4.4.17

EURUSD decreased 0.0004 or 0.03%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0654 against the USD, 0.12% lower from the New York close. On the economic front, the Eurozone’s retail sales advanced more-than-expected on a monthly basis in February. This morning, the pair traded at a high of 1.0674 and a low of 1.0643. The Euro traded marginally higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0667. The pair is expected to its find support at 1.0637 and its first resistance at 1.0675.

 

GBPUSD decreased 0.0055 or 0.44%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2447, with the Pound trading 0.3% lower against US Dollar from the New York close, after UK’s Markit construction PMI surprisingly eased in March. The pair witnessed a high of 1.2495 and a low of 1.2417 during the session. Yesterday, the Pound traded slightly lower against the US Dollar in the New York session and ended at 1.2484. Immediate downside, the first support level is seen at 1.2400, while on the upside, the first resistance level is situated at 1.2512.

 

safe-haven Japanese yen rose 0.4%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 110.44 against the Yen, 0.34% lower from the New York close. Overnight data indicated that Japan’s monetary base rose on an annual basis in March. During the session, the pair traded at a high of 110.90 and a low of 110.34. Yesterday, the US Dollar traded 0.43% lower against the Yen in the New York session and ended at 110.82. The pair is expected to its find support at 110.02 and its first resistance at 111.18.

 

USDCHF increased 0.0003 or 0.02%

USDCHF

The US Dollar is trading at 1.0026 against the Swiss Franc at 09:40 GMT this morning, 0.11% higher from the New York close. With no economic releases in Switzerland today, investor sentiment will be governed by global macroeconomic factors. The pair traded at a high of 1.0035 and a low of 1.0009 this morning. Yesterday, the USD traded a tad lower against the CHF in the New York session and ended at 1.0015. The pair is expected to its find support at 1.0010 and its first resistance at 1.0040.

 

USDCAD increased 0.0038 or 0.28%

USDCAD

The pair is trading at 1.3433 at 09:40 GMT this morning, with the USD trading 0.42% higher against CAD from the New York close. The pair traded at a high of 1.3447 and a low of 1.3371 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.17% higher at 1.3377. On the data front, Canada’s RBC manufacturing PMI advanced in March. The pair is expected to its find support at 1.3360 and its first resistance at 1.3477.

 

AUDUSD decreased 0.0045 or 0.59%

AUDUSD

The pair is trading at 0.7556 at 09:40 GMT this morning, with the Australian Dollar trading 0.62% lower against US Dollar from the New York close. Earlier in the session, the Reserve Bank of Australia (RBA), in its latest monetary policy meeting, held the key interest rate steady at 1.50%, as widely expected. This morning, the pair traded at a high of 0.7614 and a low of 0.7548. The Australian Dollar traded 0.17% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7603. The pair is expected to its find support at 0.7528 and its first resistance at 0.7604.

 

Spot gold prices increased to the highest level since February

Gold

Gold is trading at $1260.90 per ounce at 09:40 GMT this morning, 0.34% higher from the New York close. This morning, the precious metal traded at a high of $1262.50 per ounce and a low of $1255.50 per ounce. Yesterday, gold traded 0.66% higher in the New York session and closed at $1256.60 per ounce, amid a broad weakness in global equity markets. Immediate downside, the first support level is seen at $1250.70 per ounce, while on the upside, the first resistance level is at $1266.80 per ounce.

 

Silver decreased 0.02 USD/t. oz or 0.10%

Silver

The precious metal is trading at $18.37 per ounce at 09:40 GMT this morning, 0.41% higher from the New York close. During the session, silver traded at a high of $18.40 per ounce and a low of $18.27 per ounce. In the New York session yesterday, silver rose 0.8% and closed at $18.30 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $18.17 per ounce, while on the upside, the first resistance level is at $18.48 per ounce.

 

CRUDE OIL INCREASED 0.34 USD/BBL OR 0.68%

Oil

The commodity is trading at $50.14 per barrel at 09:40 GMT this morning, 0.24% lower from the New York close. Crude oil witnessed a high of $50.34 per barrel and a low of $49.88 per barrel during the session. In the New York session yesterday, crude oil fell 0.97% to close at $50.26 per barrel, as Libya’s largest oil field restarted its crude production. Immediate downside, the first support level is seen at $49.74 per barrel, while on the upside, the first resistance level is at $50.69 per barrel.

 

Economic Snapshot

 

UK construction PMI registered a surprise drop in March

In March, the construction PMI fell unexpectedly to a level of 52.20 in the UK, lower than market expectations of a steady reading. The construction PMI had recorded a reading of 52.50 in the previous month.

 

Eurozone retail sales rose more than expected in February

On a MoM basis, the seasonally adjusted retail sales rose 0.70% in the Eurozone, in February, compared to a revised advance of 0.10% in the previous month. Market anticipation was for retail sales to advance 0.50%.

 

 

Reserve Bank of Australia maintained its interest rate

The Reserve Bank of Australia kept its interest rate unchanged at 1.50%, in line with market expectations 1.50%.

 

Australian trade surplus rose in February

In February, the seasonally adjusted trade surplus in Australia rose to A$ 3547.0 million, compared to market expectations of a trade surplus of A$ 1900.0 million. Australia had posted a revised trade surplus of A$1503.0 million in the prior month.