With Twitter holding its annual meeting on Wednesday, the stock’s price is declining towards 30$ per share after climbing a high of almost 75$ in December 2013. Since then, the microblogging site had a downfall and suffered a big drop in market value, a fact which made some analysts to say that Twitter is a “victim of blind investors and hype”. At the beginning of February we had the first earnings report since the IPO in November last year and the disappointment was pretty big as the … [Read more...]
USD/JPY Forecast For May 5-9
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The week that passed was an undecided one for USDJPY; the quotation had a fluctuating path and closed the week almost at the same level it started. Monday and Tuesday, the bulls took the price around 102.80 so that Wednesday the bears to take control and push it down to 102.00. A better than expected NFP sent USDJPY sky rocketing towards 103.00 and beyond, but at the end of the day the quotation stabilized at 102.22. On the macroeconomic side, the Japanese economy still sends mixed signals as … [Read more...]
USD/JPY Forecast For April 28 - 2 May
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The Japanese yen was in total control last week having been 5 days out of 5 in the positive territory in front of the US dollar. This is largely due to the escalation of the geopolitical conflict from Ukraine and the “Cold War” between Russia and the United States. The latter even threatened that will impose new sanctions to Russia if it continues its aggressive foreign policy regarding Ukraine. Other than that, last week was kind of poor regarding the macro publications while investors were … [Read more...]
USD/JPY Forecast For April 14 - 18
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USDJPY had a downfall last week amid a selloff of the US dollar, pushing the quote again towards the 101.00 level. Even though the macro indicators from the Nippon economy were weak, the most important one, current account, managed to stabilize around a deficit of -0.04T which was the forecasted value, giving some force to the bullish investors. The event that basically led to the selloff of the US dollar and made the price to break the 103 support line was the BoJ Monetary Policy Statement and … [Read more...]
NZD/USD Forecast For April 14 - 18
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The retracement we were talking about last week did not seem to matter too much for the NZDUSD bulls as the quotation broke the resistance level from 0.8700 and flied to a new annual high of 0.8745. Well, the macroeconomic data had its part as the good numbers that came from the economy showed that the recovery is stable. The NZIER Business Confidence had the same value as last month, while the Business NZ Manufacturing Index increased from 56.5 to 58.4, REINZ HPI indicators soared to 3.4% from … [Read more...]
USD/JPY Forecast For April 7 - 11
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USDJPY had a flying evolution for the first four days of the week and managed to establish a two month high above 104.00 level. Friday was the day the investors were waiting for because the NFP report had to be published. The new jobs created were more than the last month, but below the expectations, so the US dollar was hurt and USDJPY fell, closing the week at 103.24. The Japanese yen suffered losses last week because the macroeconomic data were pretty disappointing. The Manufacturing PMI … [Read more...]
NZD/USD Forecast For April 7 - 11
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NZDUSD had the downfall we were warning about last week, but the bulls were hard to beat as the ascending trend continued Monday and Tuesday the 0.8700 level was hit. From that point all went downhill as even the macroeconomic data for New Zeeland did not help at all. The Building Consents fell with 1.7% which did not stop the investors to push the quotation higher. Then, the ANZ Business Confidence indicator came with a reading of 67.3, which was lower than last month, so this was another … [Read more...]
USD/JPY Forecast For March 31 - April 4
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USDJPY had a great Friday and managed to close the week on green. The quotation stopped at resistance level from 102.80 after the whole week was on the downside. The macroeconomic data from Japan was predominantly good. The retail sales y/y beat the expectations while the unemployment fell from 3.7% to 3.6%. However, the household spending y/y was published way below the expected value, an aspect the markets did not ignore and it prompted some concerns. The explanation for the appreciation of … [Read more...]
NZD/USD Forecast For March 31- April 4
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Even though NZDUSD looked quite bearish for last week, the bulls were relentless and managed to push the price higher setting another annual high at 0.8700 from which it retraced a bit and closed the week at 0.8650. The one and only macroeconomic indicator for New Zeeland last week proved to be essential for bulls’ justification of raising the quotation as the trade balance came at the highest level since May 2011. As a result, the price itself was again pushed towards the highs of … [Read more...]
USD/JPY Forecast March 24 - 28
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An interesting week in which USDJPY had a bumpy road, that ultimately turned into the appreciation of the US dollar in front of the Japanese yen breaking the 102 level and closing the week at 102.25. The macro indicators were in favor of the US dollar as the macroeconomic data from the Nippon economy disappointed once again. The trade balance was published below expectations with a deficit of 1.13T while the All Industries Activity indicator was printed at 1% whereas the forecasted value was … [Read more...]
NZD/USD Forecast For March 24 - 28
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Last week, NZDUSD got through a rollercoaster of emotions as the price set a higher high at 0.8640 and then to have practically a symmetrical downfall and to arrive almost in the same place as it started the week. The macroeconomic data was kind of neutral to bad and had a medium impact on the markets. The Westpac Consumer Sentiment came better than last month with a reading of 121.7. The Current Account was on a deficit of 1.43B, which was slightly better than the forecasted value of … [Read more...]
FOMC Monetary Policy: Yellen Sings, Markets Dance
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This week a highly anticipated FOMC Press Conference took place, which was practically the first one for the newly appointed FED Chairman, Janet Yellen. The analysts and the media were expecting some guidance, which would shift from a forward guidance to a qualitative guidance. But first, let’s have a quick recap of the changes that happened with FED monetary policy since the beginning of the tapering. In December 2013, the Federal Reserve had decided to start trimming the monthly monetary … [Read more...]
