Exchange Market Street :: Forex Trading Brokers ,Free forex charts

The largest site for  collection of indicators to use in MetaTrader4 . FX, MT4, MetaTrader4, indicator, metatrader, indicator, indicators, foreign exchange margin trading

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube

Wall Street closed Friday in the green with the indices continuing to reach new highs and rising for the last 4 weeks with no signs of ending and with finance and technology leading the gains. Microsoft rose by 2.32% to close at $34.87. The S&P 500 gained by 1.03%, NASDSAQ rose by 0.18% and Dow Jones added 0.28% to its value. Technically, according to the 1 hour chart, NASDAQ is trading in an ascending channel and is expected to keep the positive momentum towards 3,550. The Dow Jones remains bullish but the index is in near overbought condition according to the RSI indicator and retracement towards 15,260 is expected.

In Commodities, Gold fell by 1.02% closing at $1355.34 an ounce affected by better than expected economic data. Technically, according to the daily chart, the key support level is at $1,336. Breaking below this level could lead the precious metal towards $1,300 areas. The RSI indicator holding below 50 supports the bearish trend as well.

Crude Oil prices climbed by 1.03% to close at $96.02 a barrel as U.S. Prelim Consumer Sentiment data rose more than expected in May. Technically, according to the 4-hour chart, we notice a “Symmetrical Triangle” pattern and the “Black Gold” is expected to rebound towards 94.70 again.

The US Dollar finished the trading week stronger versus most majors currencies over concerns about the developing economic crisis in the Euro Zone, pushing the investors to the safe haven of the greenback. Prelim Consumer Sentiment came out better than expected at 83.7 vs. 77.9. No major economic data is expected today.

The Euro declined versus the U.S dollar after the better than expected economic data in the U.S added to expectations for a near term end to the Federal Reserve’s bond buying program. Technically, according to the weekly chart, we notice a “Head & Shoulders” pattern and the EUR/USD is expected to keep the negative momentum towards 1.2740. The pair is also trading below the Moving Average 20 indicator which supports the bearish trend as well. Today, the German and the French banks is expected to be closed.

The Pound declined against the U.S Dollar but rose versus the Euro and the Japanese Yen after the Governor of the Bank of England published the forecast for U.K growth in the last inflation report. Technically, according to the 4-hour chart and using “Fibonacci Retracement”, the pair has completed the expected retracement. Holding below the support level of 1.5200 will keep the negative momentum towards 1.5090. No major economic data is expected today.

The Canadian dollar declined versus the US dollar after Core CPI data came out worse than expected at 0.10% vs. 0.20% and Wholesale Sales at 0.30% vs. 0.40%. Technically, according to the weekly chart, we notice an “Ascending Triangle” and the pair is climbing towards the key resistance of 1.0310. Breaching above this level could lead the pair towards 1.0445. No major economic data is expected today.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube

For the second straight week, the Pound fell against the US Dollar amid investors’ speculation that the Federal Reserve will soon end its asset purchasing program, the likelihood of which is strengthening the US Dollar against all of its major counterparts. The Pound fell to a 6-week low against the US Dollar after John Williams, the President of the Fed Reserve Bank of San Francisco, suggested that the Federal Reserve might begin to phase out the asset purchasing program this summer. On Friday, the Dollar Index rose to its highest level since July, 2010.

The Pound was last trading against the US Dollar at the level of 1.5163, which is a decrease of 0.68%.

The Canadian Dollar hit a 2-month low against the US Dollar as Canada’s inflation rate fell to its slowest pace in over three years, highlighting the fact that the world’s 11th largest economy is weakening. Although inflation is near the bottom of the Bank of Canada’s target, outgoing Bank of Canada Governor Mark Carney has refrained from implementing extreme stimulus measures, arguing that monetary easing policies would worsen household debt.

The Canadian Dollar was last trading against the US Dollar at the level of 1.0278, which is an increase of 0.84%.

In commodities news, Gold capped its longest slump in four years in response to a rapidly strengthening US Dollar and the increasing likelihood of the Federal Reserve ending its assets buying program. Gold-backed holdings have posted declines every week since February.

Gold was last trading at the level of 1,359.90, which is a decrease of 1.87%.

Crude Oil hit a one-week high, bolstering investors’ optimism that demand for fuel will accelerate. Optimism about the health of the US economy, coupled with economic data from Japan, contributed to the heightened demand for oil. According to a government report released on Thursday, the Japanese economy grew at an encouraging 3.5% in the first quarter, the first sign that Prime Minister Shinzo Abe’s monetary policies are bearing fruit.

Oil was last trading at the level of 96.29, which is an increase of 0.88%.

In other market news, German stocks climbed for a ninth straight day. Germany’s benchmark index, the DAX, advanced after better than expected reports regarding leading indicators and consumer confidence were released in the United States. For the first time in over a year and a half, car sales increased in Europe, in response to which Volkswagen gained by 3.7%.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
U.S. indexes rose slightly despite disappointing economic data from the U.S.. Google shares rose for the first time above the price of $ 900.
S & P 500 rose by 0,37%, NASDSAQ – by 0.15%, while the Dow Jones – by 0.36%.

The dollar rose against major currencies amid predictions that the Fed will continue to support the U.S. economy. The Producer Price Index came out worse than expected and reached -0.7% vs. -0.6%, while industrial production fell to -0.5% vs. -0.1%. Today, it is expected that a building permit was 0.94 million compared to 0.91 million.

Gold declined by 2.65%, while oil finished trading almost unchanged, at a cost of $ 94.35 per barrel.

The euro fell against the dollar and most major currencies after the negative reports on GDP in France, Germany, Italy and the euro area as a whole. The euro / dollar is returned to the district level of 1.2890 and could fall to the level of 1.2770. Today, it is expected that the trade balance will reach 11.8 billion versus -12.0 billion.

The pound rose against most currencies after the report of the Bank of England’s inflation that marked the rise to 0.5% this quarter. The pair GBP / USD reached a strong support level 1.5190 and is close to oversold levels.
 
The Canadian dollar rose against major currencies after the decline in industrial production in the United States. Industrial sales in Canada came out much lower than expected and amounted to -0.3% from 0.6%. It is expected that the pair USD / CAD rises to the level of 1.0200, and the purchase of foreign securities will amount to 5.36 billion vs. 6.31 billion.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube

U.S Major Indices finished almost unchanged as Fed exit talks lowered risk demand but strong retail sales stopped early declines. S&P 500 finished unchanged, NASDSAQ added 0.06 to its value and Dow Jones declined by 0.18%. Wal-Mart shares declined by 0.49% as Fed pressure to stop the QE worried investors. Wal-Mart will report its earnings Thursday before the market opens.
The Dollar gained versus most majors due to the Fed exit plans. The Dollar owes its strength to its role as a safe haven and due the expected stop of the bond purchases program. Retail Sales came out at 0.1% versus -0.3% expected, also helping Dollar gains. Today, Import Prices are expected unchanged at -0.5%.
Gold declined by 0.65% as the Dollar strengthened and Retail Sales in the U.S came out strong. Crude Oil finished unchanged. Technically, Crude is channeling between the 96.70 resistance level and the 94.80 support level. A break below 94.50 could signal a break away from the channel.
The Euro finished unchanged versus the Dollar. EUR/USD remains bearish as it keeps trading below the 1.30 level and could continue towards 1.28. EUR/USD is no longer oversold according to the 4 hour RSI and is expected to continue downwards to the 1.29 support level. A break above 1.30 could send the EUR/USD rallying towards 1.32. Today, Industrial Production is expected at 0.6% versus 0.4% prior.
The Pound continued falling versus the Dollar and most other majors as U.S retail sale gains make investors favor U.S growth over the U.K’s. Technically, the Cable’s trend is bearish and is headed towards 1.52. The pair remains near oversold conditions according to the 4 hour RSI and could retrace back to 1.5350 before it resumes its decline. No major economic data is expected today.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube

U.S Major Indices finished the week with modest gains. The S&P 500 rose by 0.43%, NASDSAQ gained by 0.80% and Dow Jones by 0.24%. JP Morgan shares finished almost unchanged as the controversy over CEO and Chairman Jamie Dimon continues bothering investors. In the upcoming shareholders meeting, a resolution about Jamie Dimon’s role in the company is expected, a step which will help JP Morgan shares escape their trading range. Technically, JP Morgan failed to break above the resistance level of $49.50 a share and is expected to fall towards $46.70.

The Dollar gained versus most majors on Friday as the U.S economy continues showing more signs of strength and investors raise their bets that the Federal Reserve will lower its stimulus. The Federal Budget Balance came out better with 112.9B versus 108.30 the expected. Retail Sales are expected at -0.3% versus -0.4% prior and Core Retail Sales at -0.1% versus -0.4%.

Gold fell by 1% as the Dollar showed strength and stocks continued gaining, lowering demand for the precious metal as a refuge. Technically, gold is on a downtrend in the medium term, having retraced by 50% from the strong move which started Wednesday and likely to resume towards $1,420. The 50% Fibonacci retracement level is located at $1448 and it is also the previous support level of the channel.

Crude Oil finished almost unchanged after a volatile trading session. Crude prices dropped during the day as the Euro fell and the Dollar strengthened but fought back after stocks gained later in the session. Technically, Crude is on an uptrend, but bounded by the 96.50 resistance level. Once the 96.50 resistance level is breached Crude is expected to gain towards $98 a barrel. The 4 hour RSI is about to turn positive, which would also strengthen the uptrend.

The Euro dropped below the 1.30 support level and could continue towards 1.28. EUR/USD has broken outside of the channel limits of 1.30 and 1.32 and is now headed towards the 1.29 support level. The pair is in near oversold conditions according to the 4 hour RSI and could retest resistance at 1.3000.

The Pound fell as investors turned towards the Dollar as the U.S economy shows better growth data and gains in stocks. Trade Balance came out weaker than expected with 9.1B versus –8.9B forecast. Technically, GBP/USD’s trend is bearish but the pair is near oversold conditions and could retrace back towards 1.5450. No major economic data expected today.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
At a meeting in Aylesbury, England, the G-7 yet again refrained from criticizing the Bank of Japan’s devaluation of the Yen. Although G-7 central bankers and finance ministers expressed concern over the Bank of Japan’s monetary policy, they accepted the Yen’s ongoing decline against other major currencies, arguing that Japan’s economic recovery was a central focus of the talks in Aylesbury and that they will continue to monitor the Yen closely. BOJ Governor Haruhiko Kuroda said that the central bank does not intend to manipulate the exchange rate.

The Yen was last trading against the US Dollar at the level of 101.58, which
Is an increase of 1.00%.

The Canadian Dollar fell against the US Dollar for the first time in three weeks in response to falling commodity prices and news of a strengthening US economy, the latter of which overshadowed Canada’s own economic recovery. Falling prices for exports like gold and oil, combined with a drop in consumer spending, are hindering the Canadian economy, which is growing at the slowest rate since 2009.

The Canadian Dollar was last trading against the US Dollar at the level of 1.0099, which is an increase of 0.34%.

In commodities news, gold capped its steepest drop in over 3 weeks in response to a strengthening US Dollar and signs of economic recovery in the United States, both of which curbed demand for gold as a safe-haven asset. On Friday, Gold futures dropped to 1,436.60 an ounce on the Comex, the steepest drop since April 15, when gold posted its biggest drop in 30 years.

Gold was last trading at the level of 1,448.01, which is a decrease of 0.67%.

The strengthening US Dollar also triggered a drop in Crude Oil, which fell for a second straight day amid lowered demand for raw materials as an investment option.

Crude Oil was last trading at the level of 96.04, which is a decrease of 0.34%.

In other news, US stocks continued to climb last week, with benchmark indices posting record highs. Also contributing to the rally were better than expected earnings reports from major US companies like Walt Disney and the decision of central banks to boost the global economy with additional monetary stimulus measures. Both the Dow Jones Industrial Average and the Standard & Poor’s 500 hit record highs on the last day of the week.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
Wall Street closed the trading day in the green for the fifth session in a row due to optimism regarding global central bank stimulus. U.S companies’ earnings continue to beat forecasts, contributing to the current rally. The Dow Jones strengthened by 0.32%, NASDAQ gained by 0.49% and the S&P 500 added 0.41% to its value. In addition, Citigroup rose by 2.45% closing at $49.29.

The US Dollar traded mixed against most of the major currencies affected by better than expected economic releases in China and Europe, easing concerns over a slowdown in the world’s economy. Today, Unemployment Claims are expected to come out at 333K vs. 324K previously.

Gold gained by 0.30% closing at $1,473 an ounce. Crude Oil was almost unchanged closing at $96.60 a barrel after Crude Oil Inventories came out at 0.20M vs. 2.10M.

The Euro rose versus the U.S dollar after better than expected output data in Germany tempered expectations for another rate cut by the European Central bank and fueled demand for high yielding assets. German Industrial Production came out at 1.20% vs. -0.10% expected. Holding below the resistance level of 1.3240 could lead the pair towards 1.3040. Today, Swiss, German and French banks are closed due to a bank holiday.

The Pound gained versus the Dollar on speculation that the Bank of England will leave its monetary stimulus unchanged tomorrow. Halifax HPI came out better than expected at 1.10% vs. 0.20%. The Cable is retesting the key resistance of 1.5600, breaching above this level could lead the GBP/USD towards 1.5680. Today, the Interest Rate Decision is expected to remain unchanged at 0.50%.

The New Zealand Dollar gained versus the U.S dollar after Employment Change came out better than expected at 1.70% vs. 1.10% and the Unemployment Rate at 6.20 vs. 6.80. Technically, according to the daily chart key, support is located at 0.8360 and the pair bounced up after touching the lower Bollinger band. In addition, there is a strong reversal candle and the NZD/USD is expected to rise towards 0.8550.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
Benchmark indices hit new highs after receiving a push from the financial sector, especially from an HSBC gain of 2.15%. The Dow Jones reached a new high of 15,056, the S&P 500 a new high of 1625.96; the NASDAQ, however, declined by 0.08%, to 2952.

The US Dollar finished mixed against most of the other major currencies after a calm day in the currency markets. The US Dollar was still affected by macroeconomic data in Australia, especially after the Central Bank of Australia cut the interest rate by 0.25% to 2.75% from 3.00%. Consumer Credit came out worse than expected at 8.0B vs. 16.2B.

Gold fell yesterday to close around $1,450 an ounce. Crude Oil closed at $95.40 levels. Today, Crude Oil Inventories are expected at 2.1M vs. 6.7M last week.

The E gained gains versus the major currencies after ECB president Mario Draghi said he is ready to cut the interest rate again if necessary to boost economic growth. Earlier, the EUR/USD fell to 1.3070, providing a strong support for the past week. If the pair breaks below this it may continue falling to 1.2800. Today, German Industrial Production is expected at -0.1% vs. 0.5% previously, and the French are enjoying a Bank Holiday.

The Pound declined slightly versus the US Dollar due to low liquidity. On the daily chart the trend is bullish, but this may change if the pair tests the resistance level of 1.5600. If the price falls below 1.5440, we could see the Cable continue dropping towards 1.5350, which is the 61.8% Fibonacci Retracement level. If, however, the pair breaks above the 1.5600 resistance level, the bullish trend that began in March 12 may well continue. Today, Halifax HPI is expected unchanged at 0.2%.

The Australian Dollar fell against the majors as the Australian Central Bank cut the Cash Rate by 0.25%, from 3.00% to 2.75%. The Trade Balance came out better than expected at 0.31B vs. 0.20. Technically, according to the daily chart, the AUD/USD has strong support at 1.0100 and it looks as if the pair won’t break this and might experience a reversal towards 1.0250. No major economic data is expected today.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
Wall Street closed the trading day in the green after the release of better than expected macroeconomic data in the United States. The S&P 500 rose by 1.05% and reached a record high together with the Dow Jones which also reached a record high after rising by 0.96%.

The US Dollar fell against most of the major currencies after the release of positive macroeconomic data: Non-Farm Employment Change came out at 165K better than expected 146K, and the Unemployment Rate at 7.5% vs. the expected 76%. Jobs data was also better than expected but the Fed think it wasn’t good enough to stop QE4.

Gold closed with a small gain at $1,470 an ounce. Crude Oil climbed as Syria claimed Israel attacked her, sending it to $97.00 a barrel.

The Euro rose versus the dollar after the good US macro-economic data. The trend for the EUR/USD is bearish as long as it trades below the strong resistance level of 1.3225. If the pair breaks below the support at 1.3000 it is expected to complete a big drop towards 1.2800. Today, Spanish Unemployment Change is expected at 17.1K vs. -5.0K previously.

The Pound rose versus the US Dollar after Services PMI came out better than expected at 52.9 vs. 52.5. Sterling remains strong against the greenback and technically, according to the weekly chart, the trend will remain bullish towards the 1.5690 resistance level as long as the pair trades above the 1.5500 support level.

The Canadian dollar rose against the US dollar as the payrolls in the United States increased risk appetite. Technically, the USD/CAD is located below the 50% Fibonacci Retracement level and the momentum is expected to continue bearish as long as the pair stays below the 1.0150 resistance level. Today, Building Permits is expected at 0.7% vs. 1.7% previously and Ivey PMI at 58.3 vs. 61.6 previously.

In response to better than expected economic data, the Pound climbed against the US Dollar for a second straight week. Reports on manufacturing and business confidence sent the Pound to an 11-week high against the US Dollar.

The Pound was last trading at the level of 1.5571, which is an increase of 0.26%.

The Canadian Dollar gained versus the US Dollar as investors turned towards higher-yielding currencies in response to widespread speculation that the Federal Reserve will maintain its current stimulus program. US payrolls added 165,000 nonfarm jobs last month, and the unemployment rate fell to a 4-year low of 7.5%.

The Canadian Dollar was last trading at the level of 1.0076, which is a decrease of 0.26%.

In their longest winning streak in seven months, Asian currencies climbed for a fourth straight week amid speculation that banks will implement more stimulus measures after several reports indicated that April manufacturing growth slowed in the United States, India, and China. The South Korean Won hit a 7-week high on Friday, just one day after India’s Rupee posted a two-month high.

In commodity news, Crude Oil hit a one-month high amid speculation that demand for Oil will increase in the United States. Better than expected employment numbers and a rally in US stocks contributed to the surge in Crude Oil prices.

Crude Oil was last trading at the level of 95.61, which is an increase of 1.72%.

Many economists are predicting that Gold will continue the bearish trend. In April, Gold posted its steepest 2-day slump in over three decades. 174 metric tons of Gold were sold that same month.

Gold was last trading at the level of 1,470.37, which is an increase of 0.25%.<br />
In other market news, US stocks hit record highs last week. The S&P 500 traded above 1,600, and the Dow Jones Industrial Average briefly traded above 15,000. The rally in stocks was triggered by better than expected numbers regarding employment, consumer confidence, and home sales. Stocks received a further boost after the European Central Bank cut its interest rate.