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Hello, it’s Tuesday, 18 June 2013, and I’m Martin Smith, financial analyst at UFXMarkets Trading Support Center with your daily trading outlook.

Wall Street finished the trading day in the green as investors estimate that the Federal Reserve is about to ease its massive stimulus program, which indicates that the economy may stand on its own. Indices also were supported by better than expected economic data from the U.S. The S&P 500 rose by 0.76%, closing at 1,641; the Dow Jones climbed by 109.67 points, closing at 15,200; and the NASDAQ rose by 0.83%, closing at 2,974.

The US Dollar traded mixed against most of the major currencies yesterday after Empire State Manufacturing Index came out much better than expected at 7.8 vs. 0.4. Investors are waiting for the Federal Reserve’s meeting this week before turning to the safe haven of the greenback. Today, the Building Permits is expected at 0.98 vs. -1.02 previously, and Core CPI at 0.2% vs. 0.1% previously. High volatility is expected in the greenback.

Gold fell by 0.50% closing at $1,384 an ounce while Crude Oil gained by 0.20%, closing at $98.12 a barrel as concerns that a U.S. decision to send armaments to the Syrian rebel forces may escalate into a regional conflict.

The Euro gained slightly versus the US Dollar on Monday as investors preferred not to take action before the Federal Reserve’s policy statement on Wednesday. Technically, according to the daily chart, the EUR/USD trend is strongly bullish as long as the pair maintains its support level of 1.3240 which is expected to complete the “W” pattern and keep rising towards 1.3440.

The Pound declined slightly versus the US Dollar, remaining to a 4 month high ahead of Federal Reserve statement this week. In addition, investors are showing optimism about the U.K’s economic recovery. Technically, according to the 4-hour charts, the GBP/USD is trading above the bullish trend line, breaching above the resistance level of 1.5750 could lead the pair towards the next resistance at 1.5800.

The Canadian dollar erased earlier gains and then dropped versus the U.S Dollar after Foreign Securities Purchases came out much better than expected at 14.91B vs. 4.59B. Technically, according to the weekly chart, we notice a “Symmetrical Triangle” and the pair is expected to retest the resistance level of 1.0230 once again.

That’s it for today. We hope you’ve enjoyed our review and that you’ll join us again tomorrow morning as we continue to bring you the latest market news.

Until then, be sure to login to UFXMarkets.com for all of your trading needs. Your personal account manager is ready to answer all of your questions.

From all of us here at UFXMarkets Trading Support Center, we wish you a successful trading day.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
Hello, it’s Tuesday, 18 June 2013, and I’m Martin Smith, financial analyst at UFXMarkets Trading Support Center with your daily trading outlook.

Wall Street finished the trading day in the green as investors estimate that the Federal Reserve is about to ease its massive stimulus program, which indicates that the economy may stand on its own. Indices also were supported by better than expected economic data from the U.S. The S&P 500 rose by 0.76%, closing at 1,641; the Dow Jones climbed by 109.67 points, closing at 15,200; and the NASDAQ rose by 0.83%, closing at 2,974.

The US Dollar traded mixed against most of the major currencies yesterday after Empire State Manufacturing Index came out much better than expected at 7.8 vs. 0.4. Investors are waiting for the Federal Reserve’s meeting this week before turning to the safe haven of the greenback. Today, the Building Permits is expected at 0.98 vs. -1.02 previously, and Core CPI at 0.2% vs. 0.1% previously. High volatility is expected in the greenback.

Gold fell by 0.50% closing at $1,384 an ounce while Crude Oil gained by 0.20%, closing at $98.12 a barrel as concerns that a U.S. decision to send armaments to the Syrian rebel forces may escalate into a regional conflict.

The Euro gained slightly versus the US Dollar on Monday as investors preferred not to take action before the Federal Reserve’s policy statement on Wednesday. Technically, according to the daily chart, the EUR/USD trend is strongly bullish as long as the pair maintains its support level of 1.3240 which is expected to complete the “W” pattern and keep rising towards 1.3440.

The Pound declined slightly versus the US Dollar, remaining to a 4 month high ahead of Federal Reserve statement this week. In addition, investors are showing optimism about the U.K’s economic recovery. Technically, according to the 4-hour charts, the GBP/USD is trading above the bullish trend line, breaching above the resistance level of 1.5750 could lead the pair towards the next resistance at 1.5800.

The Canadian dollar erased earlier gains and then dropped versus the U.S Dollar after Foreign Securities Purchases came out much better than expected at 14.91B vs. 4.59B. Technically, according to the weekly chart, we notice a “Symmetrical Triangle” and the pair is expected to retest the resistance level of 1.0230 once again.

That’s it for today. We hope you’ve enjoyed our review and that you’ll join us again tomorrow morning as we continue to bring you the latest market news.

Until then, be sure to login to UFXMarkets.com for all of your trading needs. Your personal account manager is ready to answer all of your questions.

From all of us here at UFXMarkets Trading Support Center, we wish you a successful trading day.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
Hello, it’s Monday, June 17, 2013, and I’m Martin Smith, financial analyst at UFXMarkets Trading Support Center with your daily trading outlook.

U.S Major Indices finished the trading week in the red, with the US Dollar falling against most of the major currencies over mixed U.S. economic data. However, PPI came better than expected at 0.50% vs. 0.10%. Investors are waiting for the Federal Reserve’s monetary policy meeting this week to see if there is any further new of the future of the bond-buying program. In commodities, Gold rose by $5 to close at $1390 an ounce, and Crude Oil gained by $1.14 closing at $97.77 a barrel.

The Euro climbed against the US dollar on speculation that the Fed will curb bond purchases. CPI came out unchanged at 1.40% and the Core CPI as expected at 1.20% . Technically, the EUR/USD is expected to keep its positive momentum towards 1.3440. Today the European trade balance is expected at 21.2B vs. -18.7B previously.

The Pound gained its highest level in more than four months against the U.S dollar with increasing optimism over the strength of the country’s economic recovery. Technically, according to the 1 hour chart, the GBP/USD is trading in an ascending channel that could lead the pair towards the 1.5800 resistance level. In addition the pair is trading above the Moving Average 20 indicator which supports the positive momentum. No major economic data is expected today.

The Dollar declined against the Yen on Friday after the Bank of Japan released the minutes of the last monetary policy meeting, in which the bank alluded to limiting stimulus programs to avoid Instability. Technically, according to the one hour chart, the USD/JPY is expected to rebound towards 95.20 once again. No major economic data is expected today.

Well, that’s it for today. We hope you’ve enjoyed our review and that you’ll join us again tomorrow morning as we continue to bring you the latest market news.

Until then, be sure to login to UFXMarkets.com for all of your trading needs. Your personal account manager is ready to answer all of your questions.

UFXMarkets Trading Support Center wishes you a successful trading day.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
The Canadian Dollar climbed to its strongest level against the US Dollar in a month in response to investors’ expectations that an improving economy will result in the Bank of Canada raising its interest rate. Increased speculation regarding the future of the US Federal Reserve’s monetary stimulus program created heightened volatility in the markets last week, boosting the Canadian Dollar and helping it gain against its US counterpart for the second straight week. Last month’s job gains, which were the strongest in over ten years, and improved home construction data also contributed to the strengthening of the Canadian Dollar.

The Canadian Dollar was last trading against the US Dollar at the level of 1.0167, which
is an increase of 0.11%.

High volatility in the currency markets, coupled with investors’ reassessment of the Japanese central bank’s economic stimulus measures, boosted the Japanese Yen, which recorded its strongest rally since July of 2009. The Yen posted gains against all of the other major currencies as Bank of Japan Governor Haruhiko Kuroda refrained from extending the duration of fixed-rate loans to banks.

The Japanese Yen was last trading against the US Dollar at the level of 94.18, which is a decrease 1.23%.

The Pound posted a third straight week of gains against the US Dollar, its longest run since September of 2012, in response to data showing that UK jobless claims fell in April. The better than expected unemployment numbers, which sent the Pound to its highest level against the US Dollar in over four months, increased investors’ speculation that the Bank of England will not expand its current policy of asset purchasing.

The Pound was last trading against the US Dollar at the level of 1.5702, which is a decrease of 0.09%.

In commodities news, Crude Oil hit a 4-month high in response to increased speculation among investors that US President Barack Obama is preparing to authorize the shipment of arms to rebel groups in Syria. Oil prices capped a second week of gains after an unnamed US government official said that President Obama will order the CIA to provide the Syrian rebels with ammunition and arms. The Middle East is home to approximately one-third of the global oil supply.
Oil was last trading at the level of 97.85, which is an increase of 1.20%.

Gold trading turned bearish for the first time in 30 days as investors reduced their exchange traded holdings for a 17th straight week. Further contributing to the bearish sentiment was India’s decision to reduce imports with a tax hike. India is the world’s biggest buyer of Gold. Investors are now speculating that Gold is on track to record its first yearly drop since 2000.

Gold was last trading at the level of 1,390.51, which is an increase of 0.34%.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
Wall Street closed the trading day in the red due to investor uncertainty over the timing of the FED to diminish the bond buying program. The S&P 500 fell by 0.84%, the NASDAQ by 1.06%, and the Dow Jones by 0.84%. Facebook lost 1.08% from its value and closed at $23.77 per share.

Gold climbed by 0.92%, closing at $1,391 an ounce as investors turned to it as a safe haven. Crude Oil gained by 0.81%, closing at $95.70 a barrel.

The US Dollar weakened against most of the major currencies after the Federal Budget Balance came out at a dissapointing -138.7B vs. the expected -110.2B. Today, Core Retail Sales are expected at 0.3% vs. -0.2% prior and Unemployment Claims at 354k vs. 346k.

The Euro surged versus the US Dollar hitting a fresh 3-month high at 1.3366 in response to dollar weakness. The rise was also supported by Industrial Production data which came out 0.4% better than the expected -0.2%. The EUR/USD is expected to remain bullish as long as it trades above the support level of 1.3320. Should the pair breach the 1.3380 resistance level, the positive momentum should continue to push the EUR/USD back to 1.3440.

The Pound gained versus the US Dollar and hit a fresh high at 1.5700 following better than expected Claimant Count Change data which came out at -8.6k vs. the expected – 6.8k, indicating a degree of economic recovery in the U.K. Unemployment remained unchanged at 7.8%. Technically, the Pound remains bullish as long as it trades above the support level of 1.5640.

The Canadian Dollar lost against the US Dollar after the USD/CAD failed once again to break the daily key support level of 1.0170 and rebounded to 1.0220. Daily support is based around 1.0170 and unless this is broken, we might expect the pair to advance towards 1.0300 once again. Today, NHPI data is expected at 0.3% vs. 0.1% previously.

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube
Wall Street finished in the red, while the Bank of Japan decided to keep its tight monetary policy, a decision that surprised investors and cast uncertainty on the next move by the Federal Reserve. The S & P 500 lost 1.02%, the Dow Jones 0.76% and the NASDAQ 1.06%.

The U.S. dollar fell yesterday against most major currencies as the uncertainty over the U.S. economy continues. Analysts say it is too early to stop the economic stimulus from the Fed, scheduled for the end of the year. Today the Federal Budget is expected to 110.2B 112.9B against previously.

Gold lost 0.44% to close at $ 1,377 an ounce, oil lost 0.95% to close at $ 94.91 a barrel, while the U.S. Energy Agency published a report in which it estimated that there 345 billion barrels of oil that could be produced in the area of ​​shale which could increase global oil reserves by 11%.

The euro strengthened against major currencies yesterday. According to the chart’s 4:00, the pair EUR / USD continues to evolve in an upward channel and broke the daily resistance at 1.3310. The next resistance is at 1.3340. If the pair breaks this level, it could continue to 1.3600 in the coming days. Today the price index for German and French consumption are expected.

The pound has strengthened against the U.S. dollar despite a worse than expected manufacturing. The book broke the resistance 1.5600 and should continue to evolve 1.5800. If the pair goes below 1.5580 today for no apparent reason, it could continue to fall towards 1.5400. Today the variation in the number of job seekers is expected to 6.8K-7.3k and against unemployment unchanged at 7.8%.

The Canadian dollar closed unchanged against the U.S. dollar without publication of macroeconomic data in Canada. According to the chart’s 4:00, the USD / CAD has a strong support at 1.0166%, or 31.80% of Fibonacci retracement. Maintain this support could push the pair to 1.0260 resistance. No major data is expected today.

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Major US indices finished the trading mixed, with the S&P upgrading the forecast for United States’ Credit Rating from negative to stable. The S&P 500 fell by 0.3% and closed at 1642.81; the Dow fell by 0.06% points closing at 1523.59; and the NASDAQ closed unchanged at 2990.49. Facebook rose by 1.15% and Apple fell by 1.36% to close at 439.02.

Gold rose by 0.17%, closing at $1,386 an ounce, maintaining the support at $1,375. However, Crude Oil fell by 0.50%, closing at $95.88.

The US Dollar traded mixed yesterday as no macro-economic data was released in the United States. According to analysts, US Markets need a few more positive macro-economic outputs in order to stop QE4 at the end of this year, so it is too early to expect the Fed to change the interest rate and the dollar night continue to weaken as a result.

The Euro climbed against the US Dollar after French Industrial Production came out better than expected at 2.2% vs. 0.2% previously. Technically, according to the 4-Hour chart, the EUR/USD is moving in ascending channel and breaching the daily resistance at 1.3310 could lead the pair towards 1.3500. Today, the German Constitutional Court Ruling is expected.

The Pound strengthened against the US Dollar. Technically, the GBP/USD has strong resistance at 1.5690; should the currency pair cross above this, it could move towards 1.5800. Expect high volatility today with the 10-y Bond Auction.

The Canadian Dollar strengthened against the US Dollar after Housing Starts data came out at 200K vs. 176K forecast. According to the 30-minute chart, the USD/CAD is trading in a bearish channel that could lead the pair towards the 1.0000 support level. No major economic data is expected today

U.S Major Indices finished the trading week in the green due to better than expected Non-Farm Employment Change. The S&P rose last week by 0.4% and closed at 1643.38, the Dow Jones jumped by 208 points last Friday closing at 15248.12 and the NASDAQ rose by 1.38% closing at 2990.87.

Gold fell by $35 closing at 1378$ an ounce, while Crude Oil gained by $1.5 to close at $96.11 a barrel, continuing its bullish momentum towards the next resistance level at $97.00.

The Dollar weakened after Non-Farm Employment Change came out better than expected with 175,000 new jobs added to the American jobs market. The main macro-economic highlights for this week include Retail Sales and the Unemployment Claims due out Thursday.

The Euro climbed against the US dollar following the release of the U.S. Non-Farm data. Technically, according to the weekly chart we notice a “W” pattern which indicates a bullish momentum towards 1.3680. Today, Italian Industrial Production is expected at 0.1% vs. -0.8% previously.

The Pound strengthened against the U.S dollar as Consumer Inflation Expectations came out as expected at 3.6% and the Trade Balance at -8.2B vs. -8.8B the forecast. Technically, the Cable is showing strong resistance at 1.5620. Breaching above this could lead the pair towards 1.5800. Today,

The Canadian dollar strengthened against the greenback after Canada surprised with much better than expected jobs data. Employment Change showed 95 thousand new jobs versus a forecast of only 16.1 thousand. The USD/CAD is showing a clearly bearish direction on the 4 hour chart towards the 1.000 support level. Today, Housing Starts are expected at 176K vs. 175K previously.

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U.S Major Indices closed the trading day down due to disappointing U.S economic data and a negative trend in world markets. S&P 500 fell by 1.38%, Dow Jones declined by 1.43% and NASDSAQ lost 1.27% from its value. Apple shares weakened as the International Trade Commission banned the hi-tech giant Apple into importing the iPhone 4 and iPad 2 into the USA as Apple violated Samsung patents. Apple continues its bearish momentum towards the next support level at $440, and breaking this could lead to $435.

Gold gained slightly closing at $1,403 an ounce, while Crude Oil finished the trading day almost unchanged closing at $93.70 a barrel.

The Dollar weakened versus the major currencies except the Japanese yen after ADP Non-Farm Employment Change rose to 135K, missing expectations of 171K. Today, Unemployment Claims are expected with 345K versus 354K prior.

The Euro closed the trading session mixed against the major currencies following mixed economic data from the Euro zone, with Retail Sales coming out at -0.5% vs. -0.2% forecast. Technically, EUR/USD is trading near the upper limit of a 1.3050 – 1.3105 tight range and will likely fall towards 1.3050, breaking below this support level could lead the pair back to 1.2960 areas.

The Pound climbed against the US Dollar reaching a 3 week high as better than expected Services PMI came out at 54.9 vs. 53.1, a sign of economy recovery. Technically, GBP/USD touched the daily resistance level at 1.5410 and might retrace to 1.5300 again. Today, Asset Purchase Facility is expected unchanged with 375B, and the Official Bank Rate unchanged at 0.50%.

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U.S Major Indices declined as investors keep betting whether the Federal Reserve will keep the stimulus plan unchanged or reduce it. S&P 500 declined by 0.55%, Dow Jones by 0.50% and NASDSAQ by 0.58% after U.S Trade Balance came out better than expected. Facebook shares declined for a 3rd straight session falling by 1.38% as the 6 month downtrend continues.

The Dollar finished almost unchanged versus most majors as U.S stimulus continues to baffle investors. Good economic data in the U.S led investors to believe the Federal Reserve will reduce its stimulus, helping the Dollar gain but making stocks decline. Today, ISM Non-Manufacturing PMI is expected with 53.4 versus 53.1 and likely to influence investors bet on Federal Reserve stimulus. Factory Orders are also expected with 1.6% versus -4.9% prior.

Gold seems unable to escape the $1,380 and $1,415 range and keeps returning to the $1,400 level. The sideways trend suggests traders should try and buy the Gold near the $1,380 support or sell near the $1,415 resistance level. Crude Oil gained by 0.4% on better growth expectations in the U.S. Technically, Crude Oil has just touched the upper Bollinger Band and is likely to decline towards the lower band at $91.50 a barrel.

The Euro finished unchanged versus the Dollar as Spanish Unemployment Change came out stronger than expected. EUR/USD is bullish above the 1.30 level and is trading in an ascending channel according to the 1 hour chart. The Euro seems to consolidate towards 1.31 and will likely cross above that level. Today, European Retail Sales are expected with -0.2% versus -0.1% prior.

The Pound finished unchanged versus the Dollar as better than expected Construction data in the U.K wasn’t enough to push the Pound higher. Construction PMI came out with 50.8 stronger than 49.7 expected, showing expansion in Construction. Technically, GBP/USD is trading in an ascending channel according to the 1 hour chart. The trend remains bullish as long as the pair remains above the 1.52 support level. Today, Services PMI is expected with 53.1 versus 52.9 prior.