Forex Signal for 2nd June 2014

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

 EUR/USD

 Up Trend : Short term 

 (1) BUY

Entry Point: 1.36270 

Take Profit: 1.36670

Stop Loss:   1.35800

 

GBP/USD

Up Trend: short Term

(1)BUY

Entry Point: 1.67480 

Take Profit: 1.67880

Stop Loss:   1.67000

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

Read More

Forex Signal for 30th May 2014

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

 EUR/USD

 Up Trend : Short term 

 (1) BUY

Entry Point: 1.36004 

Take Profit: 1.36400

Stop Loss:   1.35600

 

GBP/USD

Up Trend: short Term

(1)BUY

Entry Point: 1.67160 

Take Profit: 1.67500

Stop Loss:   1.66700

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

Read More

Forex - GBP/USD gains on weak U.S. economic growth report

The pound rose against the dollar on Thursday after data revealed the U.S. economy contracted more in the first quarter of this year than markets were expecting.

Cable was likely to find support at 1.6662, the low from April 15, and resistance at 1.6882, Tuesday's high.In U.S. trading on Thursday, GBP/USD was trading at 1.6715, up 0.02%, up from a session low of 1.6693 and off a high of 1.6740.

The Bureau of Economic Analysis revealed earlier that the U.S. gross domestic product contracted 1.0% in the first quarter, after a preliminary estimate showed growth of 0.1%.

Market expectations had been for a 0.5% contraction. It was the first decline in U.S. GDP since the first quarter of 2011, and the dollar softened on the news, reminding investors that even when the Federal Reserve winds down stimulus programs, rate hikes won't come for some time afterwards.

Still, the report did contain some positive data.

Consumer spending, which drives more than two-thirds of U.S. economic activity, increased by 3.1%, up from the preliminary estimate of 3.0%.

Sentiments that rough winter weather bruised the economy in the first three months of the year as opposed to a major decline in demand supported the greenback as well and capped the pound's advance.

Elsewhere, the National Association of Realtors reported that its pending home sales index rose 0.4% in April, missing expectations for a 1% gain.

Separately, the Department of Labor said the number of individuals filing for unemployment assistance in the U.S. last week fell by 27,000 to 300,000, exceeding expectations for a decline of 9,000.

Meanwhile in the U.K., the pound came under pressure after the Confederation of British Industry said on Wednesday that its index of U.K. retailers dropped to 16.0 this month from 30.0 in April, defying expectations for a rise to 35.

The data came one day after a report by the British Bankers' Association showed that banks approved the lowest number of mortgages since August last month.

The data indicated that the U.K. housing market could be losing some momentum, although house prices remained strong.

Elsewhere, sterling was down against the euro, with EUR/GBP up 0.07% at 0.8139, and down against the yen, with GBP/JPY down 0.16% at 169.93.

On Friday, the U.S. is to round up the week with a report on personal income and expenditure as well as revised data from the University of Michigan on consumer sentiment.

Read More

Forex Signal for 29th May 2014

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

 EUR/USD

 Down Trend : 

 (1) SELL

Entry Point: 1.36050 

Take Profit: 1.35500

Stop Loss:   1.36500

 

GBP/USD

Down Trend:

(1)SELL

Entry Point: 1.67400 

Take Profit: 1.67000

Stop Loss:   1.67800

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

Read More

U.S. stocks open slightly lower in thin trade; Dow Jones down 0.18%

U.S. stocks opened slightly lower on Wednesday, as trading volumes were expected to remain thin with no major U.S. economic reports to be released throughout the session, while Tuesday's upbeat data still lent some support.

U.S. equities found support on Tuesday after data showed that U.S. durable goods orders rose unexpectedly in April and another report showed that U.S. consumer confidence improved in line with forecasts this month.During early U.S. trade, the Dow 30 fell 0.18%, the S&P 500 edged down 0.11%, while the NASDAQ Composite slipped 0.17%.

The Commerce Department said orders for long lasting manufactured goods rose 0.8%, compared to expectations of a 0.7% decline.

Separately, the Conference Board reported that its consumer conference index rose to 83 in May, up from a revised 81.7 in April, I line with economists’ expectations.

General Electric (NYSE:GE) rose 0.24% after Chief Executive Officer Jeffrey Immelt told French President Francois Hollande that he is working on an improved offer for Alstom (PARIS:ALSO)'s energy business.

Toll Brothers (NYSE:TOL) added to gains, up 3.23%, after the homebuilder reported quarterly profit more than doubled.

Google (NASDAQ:GOOGL) saw shares rise 0.23% following reports it has designed its own self-driving vehicles that transport passengers at the push of a button. Speaking at a conference on Tuesday, co-founder Sergey Brin the company plans to have 100 to 200 test vehicles that are fully autonomous with extra safety features.

On the downside, Amazon.com (NASDAQ:AMZN) slid 0.37% as the online retailer said it is "not optimistic" that a dispute with publisher Hachette Book Group will be resolved soon and added that it is acting "on behalf of customers."

The comments came after the company began refusing orders last week for Hachette books, including J.K. Rowling's new novel.

Across the Atlantic, European stock markets were mixed to lower. The DJ Euro Stoxx 50 fell 0.17%, France’s CAC 40 edged down 0.11%, Germany's DAX slipped 0.14%, while Britain's FTSE 100 eased up 0.06%.

During the Asian trading session, Hong Kong's Hang Seng climbed 0.59%, while Japan’s Nikkei 225 rose 0.24%.

Read More

Asian shares edge higher on Wall Street lead, Hang Seng up 0.83%

Asian shares followed Wall Street's lead from overnight, gaining on Wednesday after the S&P 500 closed at its second straight record.

Ahead, China's official manufacturing purchasing managers' index due at the weekend will be crucial for regional bourses.The gains in Asia however were modest with the Hang Seng index up 0.83%, the Shanghai Composite gaining 0.16% and the Nikkei 225 edging 0.04% in morning trade.

Australia's S&P/ASX 200 was up 0.2% as Sydney hit a four-week high and South Korea's KOSPI added 0.4%.

In corporate news, Mitsui Fudosan Co., Ltd. (TOKYO:8801) sank 6.4% in Japan after the real-estate firm announced that it would raise up to ¥325 billion via a share offering--the company's first in three decades.

Overnight, U.S. stocks rose on upbeat economic indicators and on mergers and acquisitions news.

The Dow 30 rose 0.42%, the S&P 500 index rose 0.60%, while the NASDAQ Composite Composite index rose 1.22%.

The Conference Board reported earlier that its consumer confidence index rose to 83.0 this month from 81.7 in April, in line with market expectations.

Elsewhere, the Standard & Poor’s/ Case-Shiller house price index rose 12.4% in March from a year earlier, beating forecasts for a gain of 11.8% and following a rise of 12.9% in February.

Healthy wholesale pricing data firmed the greenback as well.

The Commerce Department reported earlier U.S. durable goods orders rose 0.8% in April, confounding expectations for a 0.5% fall, after a 3.6% increase in March, whose figure was revised up from a previously estimated 2.9% rise.

Mergers and acquisitions news moved stock prices as well.

Pfizer Inc (NYSE:PFE) shares rose after the pharmaceutical giant abandoned its $116 billion bid to acquire Astrazeneca Plc.

Separately, poultry producer Pilgrims Pride Corp (NASDAQ:PPC) offered to buy Hillshire Brands Company (NYSE:HSH) in a $5.6 million deal.

Read More

Forex Signal for 28th May 2014

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

 EUR/USD

 Down Trend : 

 (1) SELL

Entry Point: 1.36380 

Take Profit: 1.35900

Stop Loss:   1.36800

 ,,

GBP/USD

Down Trend:

(1)SELL

Entry Point: 1.68240 

Take Profit: 1.67800

Stop Loss:   1.68650

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

Read More

Forex Signal for 27th May 2014

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

 EUR/USD

 Up Trend : 

 (1) BUY

Entry Point: 1.36370 

Take Profit: 1.36770

Stop Loss:   1.36000

 

GBP/USD

Up Trend:

(1)BUY

Entry Point: 1.68400 

Take Profit: 1.68800

Stop Loss:   1.68800

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

Read More

Asian shares mixed with trade thin ahead of U.S., U.K. holidays

Asian shares were mixed on Monday after initially moving higher, taking the lead from the U.S., where the S&P 500 on Friday closed at a record high.

The Ukrainian elections, which passed without serious incident, also supported sentiment. Pro-European Petro Poroshenko declared victory in the poll, while Russian President Vladimir Putin had pledged on Friday to respect the result of Sunday's elections.But trade was subdued with no major data releases and the U.S. and U.K. closed for public holidays.

Hong Kong's Hang Seng Index fell 0.07% and the Shanghai Compositerose by 0.36 as market sentiment was helped by comments from Premier Li Keqiang , who said the country's economy has stabilized though it still faces downward pressure.

Japan's Nikkei 225 rose 0.8% as the yen weakened against the dollar on minutes from the April 30 Bank of Japan board meeting that showed varied dissent by three of the nine board members on prospects for the current aggressive easing policy to meet inflation adn growth targets.

Elsewhere in Asia, Australia's S&P/ASX 200 rose 0.3% and South Korea's KOSPI was down 0.2%.

In corporate news, shares in Chinese battery and car maker BYD Co Ltd-H (HK:1211) plunged 4.3% in Hong Kong as the company resumed trading after a deal to raise around $550 million via a share placement--ending months of speculation over its funding needs.

U.S. stocks ended last week higher after official data revealed more new homes were sold in the U.S. in April than markets were expecting, a sign the once-battered housing sector continues to recover.

The Dow 30 rose 0.38%, the S&P 500 index rose 0.42% to a record-high 1900.53, the first time ever over the 1900 mark, while the NASDAQ Composite Composite index rose 0.76%.

The housing sector, which threw the U.S. economy into the worst downturn since the Great Depression and lagged on its recovery for years, is on the mend.

The Census Bureau reported earlier that U.S. new home sales rose 6.4% to 433,000 units in April from 407,000 units in March, whose figure was revised up from a previously estimated 384,000. Analysts had expected new home sales to rise to 425,000 units last month.

A day earlier, the National Association of Realtors reported that existing home sales increased 1.3% in April to an annual rate of 4.65 million units, and hopes that the U.S. housing sector is improving strengthened demand for the dollar on Friday.

In the coming week, markets in the U.K. will be closed for a public holiday on Monday, while U.S. markets will also be closed for the Memorial Day holiday. Investors will be looking ahead to revised data on U.S. first quarter growth, while Tuesday’s report on consumer confidence will also be in focus.

Read More

Forex Japanese yen weakens after BoJ minutes show minority dissent

The Japanese yen weakened against the dollar after the minutes of the April 30 board meeting released on Monday showed continued minority dissent over growth and inflation views.

Takahide Kiuchi and Takehiro Sato repeated objections to the outlook that inflation will be raised to and anchored around 2% in 2015.Three of the Bank of Japan's nine board members wanted to separately revise growth and inflation outlooks, including emphasizing downside risks and setting a timeframe for easing, minutes showed.

Sato said that inflation "is likely to follow a rising trend again from the second half of this fiscal year."

Kiuchi continued to propose that the BOJ should maintain the high degree of easing only during the two-year period from April 2013. His views were rejected by the majority.

Sayuri Shirai disagreed on the timing for reaching the 2% target and proposed that the target would be achieved "toward the end of the projection period through March 2017." Her proposal was rejected by the majority.

USD/JPY traded at 102.04, up 0.07%, after the minutes, while AUD/USDheld at 0.9236, up 0.05%.

Last week, the euro fell to three-month lows against the dollar and hit the lowest level in 17 months against the pound after weak German business sentiment data underlined expectations that the European Central Bank will ease monetary policy at its next meeting in June.

Recent comments by senior ECB officials have signaled that the bank is open to acting as soon as June to stop inflation in the currency bloc from falling too low.

On Thursday, ECB Governing Council member Jens Weidmann said the bank is prepared to take unconventional measures to counter the risks of low inflation in the euro zone.

The dollar was boosted after data on new home sales added to signs of a recovery in the housing market.

The Commerce Department reported that sales of new homes rose by a larger-than-expected 6.4% to 433,000 in April, after two months of decline. Analysts had been expecting a figure of 425,000. March's number was revised up from 384,000 to 407,000.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07% at 80.48.

In the coming week, markets in the U.K. will be closed for a public holiday on Monday, while U.S. markets will also be closed for the Memorial Day holiday. Investors will be looking ahead to revised data on U.S. first quarter growth, while Tuesday’s report on consumer confidence will also be in focus.

On Monday, the Bank of Japan is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective.

ECB President Mario Draghi is to speak at an event in Portugal; his comments will be closely watched.

Markets in the U.K. are to remain closed for a public holiday, while U.S. markets will also be closed, for the Memorial Day holiday.

Read More