Hello. Let’s see what interesting to trade in the Forex market in the beginning the new trading week 16.10.2017
USDCHF
On USDCHF not let the price below 0,97000 and formed a pattern Pin-bar. Probably correction down is over and try to continue the growth trend. Buy here do not consider, as the next resistance level 0,98000. I will buy after his breakdown.
NZDUSD
On a pair NZDUSD has rebounded from the level 0.7200. Price Action patterns here yet. But you can start to look at the sales. With the expectation of a continuation of the down trend.
Open orders big banks
Changes in 13.10.2017
- Credit Suisse worked Buy Limit on EUR/GBP with 0,8910. TR – 0,9070,
SL – 0.8844 - TD Bank triggered a Sell Stop on USD/JPY with 111,85
- Credit Suisse worked Buy Limit on EUR/USD with 1,1815
- Morgan Stanley closed on the market Sell on AUD/USD with 0,7858 for 0,7839. Profit +19пп
- Morgan Stanley closed the market to Buy EUR/NZD with 1,6180 for 1,6534. Profit +354пп
- Morgan Stanley placed a Sell Limit on AUD/NZD with a line of 1.1100, TR – of 1.0600,
SL 1.1170 - Deutsche Bank otstupite on sale for AUD/USD with 0,7757 for 0,7880. Loss-123пп
- Morgan Stanley changed with TR 0,8400 on 0,8885 for sale on NZD/CAD
- Citi closed the market to Buy NZD/USD with 0,7072 for 0,7175.
Profit +103пп
We have a new Bank Thomson Reuters IFR. The transaction is added to the table only today, despite the fact that the dates of the transactions earlier.
Fundamental analysis
APR
Asian stocks continue to trade near ten-year highs, while futures for WTI crude oil reached a six-month peaks, due to the fact that the escalation of tensions between the Iraqi government and Kurdish forces have provoked concerns about reduced supplies from the region. At midnight on Monday, Iraqi forces moved to the oil fields, protected by Kurdish Peshmerga fighters near the oil-rich city of Kirkuk.
Crude oil in the U.S. added 0.9 percent to $51.92 per barrel, and is trading near April highs of $52.85, while Brent oil rose 1.2% to $57.88 per barrel. The widest index of MSCI stock Asia-Pacific region, meanwhile, reached its highest level since 2007. Nikkei has reached the levels not seen since November 1996, while Australian stocks rose 0.6 percent, while the Shanghai Composite in China added 0.1%.
The dollar index, which measures the value of the American currency against six major rivals, rose to 93.207, but depreciated by 0.1% against the Japanese yen to 111.7520. Implied probability of rate hike in December, undermined by weak data on inflation, however, economists and investors still have about 82% chance. This week we expect a lot of economic data from China during the third quarter, which in the widest extent, will predetermine the agenda as investment in the equity markets and currency markets, respectively.
Europe
European stock indexes finished last week on a positive note, despite the geopolitical ligaments associated with the intention of Catalonia to gain independence from Spain. This week, however, the discussion between the governments of Barcelona and Madrid can be renewed with new energy and one way or another will affect the financial markets.
The last time the pan-European Stoxx 600 closed with an increase of 0.29% or 1.14 points to 391.42, while the CAC weakened by 9.07 points to 5351.74, while Germany’s DAX rose nearly 0.1% to 12991.87. Milan FTSEMibtel also added about 0.1% to 22413.54. On the economic data front, consumer prices in the Eurozone’s largest economy has shown very strong growth of 1.8% yoy in September, according to the Ministry of Finance of Germany, which boosted hopes that the ECB will light plans to reduce QE later this month.
The Euro fell 0.2% to $ 1.1799 USA and is ready to extend the downtrend after the Austrian conservative leader won the parliamentary elections at the weekend. In addition, German Chancellor Merkel forced is preparing for tricky coalition talks after her party suffered defeat at the hands of the social Democrats in Lower Saxony on Sunday. In Catalonia has also resumed the process of the independence movement, which also affected the growth prospects of the single currency.