#ifcm technical analysis

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Technical Analysis AUDNZD : 2019-04-19

Technical Analysis AUDNZD : 2019-04-19

Private sector expanded in Australia while inflation declined in New Zealand. Will the AUDNZD continue gaining?

Latest economic data from Australia were positive while New Zealand indicators softened. Australia’s business activity recorded an expansion in April after contraction in preceding month: Commbank Australia Composite PMI index rose to 50.6 from 49.5 in March, readings above 50.0…

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Technical Analysis EURUSD : 2019-04-18

Technical Analysis EURUSD : 2019-04-18

German investor expectations improved more than expected. Will the EURUSD continue climbing?

Investor sentiment in euro-zone’s largest economy improved: German ZEW investor sentiment index for the country improved to 3.1 in April, up from -3.6 in March. It was better than an expected reading of 0.8. Last Friday Eurostat upgraded euro-zone’s industrial production for February, reporting a…

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Technical Analysis AUDCHF : 2019-04-17

Technical Analysis AUDCHF : 2019-04-17

In this review, we would like to draw your attention to the Australian dollar vs. the Swiss franc currency pair. Will the AUDCHF continue to rise? Such dynamics is observed in case of the strengthening of the Australian dollar and the weakening of the Swiss franc.

The rate of the Swiss National Bank (SNB) is negative – minus 0.75%. Meanwhile, inflation in March of the current year rose to plus…

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Technical Analysis #C-COPPER : 2019-04-16

Technical Analysis #C-COPPER : 2019-04-16

Last week positive macroeconomic data was published in China. Will the Copper quotations grow?

China consumes about half of all copper produced in the world. According to the Chinese General Administration of Customs, in March of this year, 1.77 million tons of copper ore were imported into the country, which is 10.6% more than the same month in 2018. Generally the data on Chinese foreign trade…

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Technical Analysis USDJPY : 2019-04-15

Technical Analysis USDJPY : 2019-04-15

The Japanese government is going to increase the sales tax to 10% from 8%. Will the quotations for USDJPY increase?

Such a move indicates the weakening of yen against the US dollar. Sales tax is applied in Japan instead of VAT. Its previous increase from 5% to 8% was implemented on April 1, 2014, but was announced about six months before. In 2014, the increase in sales tax contributed to the…

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Technical Analysis AU200 : 2019-04-12

Technical Analysis AU200 : 2019-04-12

Trade surplus and consumer sentiment rose in Australia. Will the AU200 stock index continue advancing?

Australian data after central bank’s April 1 interest rate decision were positive on balance: contractions in the services sector and construction were weaker in March compared to performances in previous month, and balance of trade surplus grew more than expected in February to the…

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Technical Analysis #C-WHEAT : 2019-04-11

Technical Analysis #C-WHEAT : 2019-04-11

Wheat carryout was increased while demand lowered in April WASDE report. Will the wheat prices continue declining?

The USDA lowered wheat demand estimate in its monthly World Agricultural Supply and Demand Estimate released on April 9. At the same time it increased old crop wheat carryout by 32 million bushels to 1.087 billion. A day before the WASDE report USDA indicated wheat export…

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Technical Analysis #C-SOYB : 2019-04-10

Technical Analysis #C-SOYB : 2019-04-10

The U.S. Department of Agriculture (USDA) lowered the forecast for US soybean reserves at the end of the 2018/19 agricultural season by 5 million bushels. Will Soyb prices rise?

In the April USDA review, the forecast for US reserves was lowered to 895 million bushels from 900 million bushels in the March review. The world soybean consumption in the 2018/19 season will amount to 349.1 million…

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