Tag: eur

Elliott waves for Forex correlation analysis – Consolidation

EURUSD – Up Wave Analysis Instead of going long as previously forecasted, euro continues to consolidate, not going above 1.04890 or below 1.04202. Unless there’s a clear breakout out of this consolidation range, we choose to sit on the sidelines and wa…

Japan Consumer Inflation Rises for Second Consecutive Month in November, Ex-Food Prices Decline

Consumer price inflation in Japan rose for the second straight month during the period of November, although it posted decline on an annualized basis, signaling the presence of strong disinflationary headwinds for the world’s third-largest economy.

Japan’s national consumer price index rose at an annualized 0.5 percent in November, following a 0.1 percent year-over-year gain in October, data released by the National Statistics Bureau showed Tuesday. The national CPI index in October recorded its first increase in nine months.

Further, ex-food price inflation, which strips away volatile food prices held firmly in negative territory. Core consumer prices declined 0.4 percent in the 12 months through November, following a 0.4 percent year-over-year drop in the month before.

Also, core-core inflation, which excludes both food and energy, rose 0.1 percent in November. Core-core inflation edged higher 0.2 percent in October. Core inflation in Tokyo declined at an annualized 0.6 percent in October following a 0.4 percent drop the month before.

Moreover, the Bank of Japan’s own inflation index (ex-food-and-energy) came in at 0.2 percent y/y in November, widely in line with market expectations and down from 0.3 percent y/y in Oct.

Meanwhile, the USD/JPY traded at 117.35, up 0.22 percent, while at 5:00GMT, the FxWirePro’s Hourly Yen Strength Index remained highly bullish at 118.11 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

The material has been provided by InstaForex Company – www.instaforex.com

الين الياباني يشهد انخفاض طفيف

يشهد الين الياباني انخفاض طفيف خلال تداولات اليوم الثلاثاء ليستمر التذبذب في مستويات العملة اليابانية، يأتي هذا التراجع بعد ارتفاع مستويات الدولار مقابل العملات الرئيسية خلال تداولات اليوم. يتداول زوج الدولار مقابل الين الياباني حالياً عند المستوى 117.38 وذلك بعد ان افتتح جلسة اليوم عند المستوى 117.20 ليسجل أدنى مستوى عند 117.19 وقد سجل اعلى […]

Japan's Housing Starts Growth Weakest In 3 Months

Japan’s housing starts logged its weakest growth in three months in November, data from the Ministry of Land, Infrastructure, Transport and Tourism showed Tuesday.

Housing starts grew at a slower pace of 6.7 percent year-on-year in November, followin…

إرتفاع طفيف للذهب في ظل ضعف التداولات

حاول الذهب الارتفاع خلال تداولات اليوم الثلاثاء وذلك في ظل ضعف التداولات في الأسواق المالية بسبب العطلات التي أثرت سلباً على أحجام التداول، بينما نجد أن مستويات الدولار تحاول أيضاً الارتفاع في ظل غياب الضغوط من البيانات الاقتصادية. تتداول أسعار الذهب حالياً عند المستوى 1138.85 دولار للأونصة بعد أن سجل أدنى مستوى عند 1132.50 دولار […]

أسعار المستهلكين في اليابان تنخفض خلال الشهر الماضي

صدرت اليوم بيانات عن مؤشر أسعار المستهلكين الوطني السنوي الياباني عن شهر نوفمبر / تشرين الثاني لتأتي القراءة الفعلية منخفضة بنسبة 0.4% بعد أن كانت القراءة السابقة منخفضة بنسبة 0.4% بينما كانت القراءة المتوقعة تشير إلى انخفاض بنسبة 0.4%. أما عن مؤشر أسعار المستهلكين السنوي في طوكيو عن شهر ديسمبر / كانون الأول فقد شهد […]

Jgbs Remain steady in Thin Holiday Trading, Investors Shrug Off mixed Cpi Figures

The Japanese government bonds traded nearly flat Tuesday as investors remain sidelined in any big deal as many major global markets are closed for a holiday. We foresee that the bond prices will keep drifting between small gains and losses in quiet trading session.

The benchmark 10-year bond yield, which moves inversely to its price, hovered around 0.05 percent, the long-term 30-year bond yields stood flat at 0.69 percent and the yield on short-term 2-year note remained steady at -0.17 percent by 04:00 GMT.

Also, investors did not react to the mixed bag of consumer inflation data from the Ministry of Internal Affairs and Communications. Japan’s consumer prices in November rose 0.5 percent y/y, accelerating from the 0.1 percent gain in October. But CPI, which excludes food prices, declined 0.4 percent y/y for the second straight month.

Additionally, country’s unemployment grew to 3.1 percent in November, from 3 percent in October and the household spending declined 1.5 percent y/y in November, as compared to previous -0.4 percent.

On Monday, the Bank of Japan (BoJ) in its November 31-December 1 meeting minutes mentioned that the yield curve for JGBs had been formed smoothly in line with the guideline for market operations since the previous meeting. The central bank purchased JGBs so that 10-year JGB yields would remain at around zero percent. Also, some members noted that market developments in the intermeeting period showed that the new framework had been perceived in a calm manner by market participants.

Additionally, members discussed the Bank’s conduct of outright purchases of JGBs under yield curve control. Most members shared the view that it was appropriate that the Bank continue to conduct JGB purchases aiming to achieve the target level of the long-term interest rate specified by the guideline for market operations while keeping the guideline of the approximate amount of JGBs to be purchased — that is, an annual pace of increase in the amount outstanding of the Bank’s JGB holdings of about 80 trillion yen.

Moreover, at the monetary policy decision released last Tuesday, the majority of the policy board members of the Bank of Japan (BoJ) decided to keep its benchmark interest rate unchanged at record low of -0.10 percent. The BoJ in its policy statement noted that it will purchase Japanese government bonds so that 10-year JGB yields will remain at around zero percent.

Additionally, with regard to the amount of JGBs to be purchased, the Bank will conduct purchases at more or less the current pace — an annual pace of increase in the amount outstanding of its JGB holdings of about 80 trillion yen — aiming to achieve the target level of the long-term interest rate specified by the guideline.

Meanwhile, the benchmark Nikkei 225 traded 0.14 percent lower at 19,401. While at 05:00 GMT, the FxWirePro’s Hourly Japanese Yen Strength Index remained highly bullish for second straight day at +118.10 (higher than +75 represent a bullish trend).

The material has been provided by InstaForex Company – www.instaforex.com

معدلات البطالة في اليابان ترتفع و الإنفاق العائلي ينخفض

أعلن الاقتصاد الياباني اليوم عن مؤشر معدلات البطالة خلال شهر نوفمبر / تشرين الثاني لتأتي القراءة الفعلية وتشهد ارتفاع بنسبة 3.1% بعد أن كانت القراءة السابقة والتوقعات تشير إلى ارتفاع بنسبة 3.0%. أما عن مؤشر إنفاق القطاع العائلي عن شهر نوفمبر / تشرين الثاني فجاءت القراءة الفعلية منخفضة بنسبة 1.5% بعد أن كانت التوقعات مرتفعة […]

AUDNZD Elliott wave Trade Signal: Can Santa Rally pull AUDNZD?

Talking Points:
Technical Strategy: Bullish can be confirmed soon
Elliottwave Count: Wave 2 can mark completed
As per previous analysis,  AUDNZD (Australian dollar / NewZealand dollar) was expecting to complete it’s wave 2 …

Fxwirepro: Nzd/usd Struggles at 5-Dma, Break Above needed for Further Upside

  • Technically, the dollar could be a little stretched and in overbought territory.
  • On the other side, the NZ economy is strong and dairy prices have risen, which could mean short-term support for NZD.
  • NZD/USD remains capped below 5-DMA currently at 0.6891, break above could see some upside.
  • Trend is definitely lower, break below trendline support at 0.6855 could see drag till 0.68 levels.
  • Support levels – 0.6862 (Dec 23 low), 0.6855 (trendline support), 0.68 (June 3 low), 0.6770 (Apr 8 low)
  • Resistance levels – 0.6891 (5-DMA), 0.6916 (50% Fib of 0.63470 to 0.74854 rally), 0.6947 (Dec 12 high), 0.70, 0.7042 (20-DMA)

Recommendation: We prefer to wait for confirmation on technicals. 

FxWirePro’s Hourly NZD Spot Index was at 24.6972 (Neutral) at 0500 GMT. For more details on FxWirePro’s Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

The material has been provided by InstaForex Company – www.instaforex.com