technical analysis

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Positive data and dovish Fed bullish for SP500 Federal Reserve indicated it would act to support expansion with data pointing to continued strength of US economy. Will the SP500 stock index continue advancing? US monetary authority indicated a leaning toward easier policy at June 17-18 policy...

Sowing wheat in the US is behind schedule In this review we suggest to consider the WHEAT / RUB Personal Composite Instrument(PCI). It reflects the price dynamics of wheat versus Russian ruble. Is the growth of WHEAT/RUB quotations possible? It rises when wheat becomes more expensive on the...

Getting ready for the bank of Mexico meeting In this review, we suggest to consider the Silver vs. MXN personal composite instrument (PCI). It reflects the price dynamics of silver against the Mexican peso. Will the XAGMXN quotations grow? Such dynamics means the rise in silver prices and the...

Preparing for US-China trade negotiations and publication of statistics In this review, we suggest considering the personal composite instrument (PCI) CNHRUB. It reflects the price dynamics of the Chinese yuan against the Russian ruble. Will the CNHRUB rise? Such a movement on the chart is...

US President Appeals to OPEC Oil quotations fell by about 3-4% after US President Donald Trump called on OPEC to increase production. Will the correction of WTI quotations continue ? From its last low on December, it was up 56%. The local maximum was set on Tuesday, April 23rd. The main reason...

Preparing for the meeting of the Bank of Canada and publication of New Zealand data In this review, we would like to draw your attention to the New Zealand dollar vs Canadian dollar currency pair. Is there a possibility for the NZDCAD to fall? Such dynamics are observed in case of the...

Rising trade surplus bullish for Australian stock index 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...

Positive data bullish for NIKKEI Japanese retail sales and housing starts increased in February. Will the NIKKEI continue rising? Recent Japanese economic data were positive on balance: while the Tankan index for big manufacturers' sentiment softened in the first quarter 2019 from the previous...

Technical setup bullish for GB100 Slowing mortgage and sales data followed preceding report of better than forecast retail sales in February. Will the GB100 advance continue? UK economic data have been mixed recently: retail sales growth in the UK was little changed in February, ticking to 4%...

Negative data bearish for DE30 German manufacturing sector contraction accelerated in March. Will the DE30 continue declining? Recent German economic data were negative: preliminary Markit Manufacturing PMI contracted from 47.6 in February to 44.7 in March, the worst level in six-and-a-half...

Risks of a slowdown in the global economy may lower S&P / ASX 200 index Australian stock prices fell amid signs of a slowdown in the global economy. Will the AU200 stock index fall? In Australia, the Manufacturing PMI and Consumer Sentiment macroeconomic indicators decreased in March. Earlier...

Weather deterioration in the US may reduce cereal yields There is severe flooding in the Midwestern United States, which can damage cereal crops. Will oat prices rise? Because of the severe flooding on the Missouri River, crops in Montana, North Dakota and Nebraska may be damaged. However, it...

Preparing for the meeting of the Bank of Mexico In this review, we suggest considering the personal composite instrument (PCI) “Silver vs. MXN”. It reflects the price dynamics of silver against the Mexican peso. Will the XAGMXN rise? Such dynamics indicate an increase in silver prices and the...

Expectations of good crop bearish for coffee Ample world coffee supply expectations weigh on coffee market. Will the coffee prices continue declining? Coffee prices are under pressure as favorable weather conditions in main producers countries indicate building of ample global supply. Brazil...

Dovish Fed stance bullish for gold Halting interest rate hikes this year by the Fed is bullish for gold. Will the gold price continue rising? Federal Reserve’s dovish stance hurts US dollar, making gold more affordable and attractive for investors. At a conclusion of March meeting yesterday...

The TLTRO can help German companies The European Central Bank announced the TLTRO 3 asset repurchase program, which will be implemented from September 2019 to March 2021. Will the DE30 continue rising? The TLTRO 3 program is designed to stimulate the economy of the Eurozone and may have the...

Preparing for the meeting of the central bank of Norway The next meeting of the central bank of Norway (Norges bank) will be held on March 21, 2019. Is there a possibility for the Norwegian krone to strengthen? On the USDNOK chart, it looks like a downward movement. Market participants expect...

Positive data bullish for Nd100 US retail sales and durable goods orders were better than expected. Will the Nd100 continue the rebound? US economic releases after unexpectedly weak February jobs report were positive indicating the US economy remains strong. Durable goods orders recorded 0.4%...

Winter wheat crop has deteriorated in the US In this review, we suggest considering the personal composite instrument (PCI) “Wheat vs. the Canadian dollar”. It increases when wheat prices rise on the world market and when the Canadian currency weakens. Is there a possibility for WHEAT/CAD...