USD/JPY Forecast on 2014-04-24

Daily Technical Analysis by IFC markets

USD/JPY-forecast-on-2014-04-24The U.S. Dollar started to weaken significantly after the real estate market statistics publication regarding the New Home Sales. The actual value of sales was below the forecast. The change was 384 million versus 455 thousand homes per family.

This led to the JPY growing trend ending and now it would be wise to find some market entry points for opening short positions. Patience is the best friend of the trader. We explain that the Yen is a traditional safe haven for currency traders in a period of political instability.

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USD/JPY on 2014-04-23

Daily Technical Analysis by IFC Markets

USD/JPY-on-2014-04-23Today at 16:00 (CET, server time), we expect the U.S. real estate market statistics such as New Home Sales to be released. This figure is released by the Statistics Bureau of the United States and shows the growth in houses calculated for one family YoY.

It is a leading indicator of economic development, as it has a multiplicative effect on various sectors: mortgages, insurance premiums, furniture, electronics, etc. The increase in number of homes characterizes improving welfare and the domestic demand increase in the United States as a consequence.

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Spread Betting and Spread Trading: The Main Difference

spread-betting-and-spread-tradingIn Forex market two prices are quoted: a price at which we can buy and a price we can sell.  The difference between those two prices (the buy price and sell price) is known as spread.

Based on this primary concept traders follow the strategy of spread trading. However, there exist traders who confuse spread betting with spread trading without going deep into their differences.  Below, you can read about each of them separately and understand what they stand for.

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USD/CHF Forecast on 2014-04-22

USD/CHF-forecast-on-2014-04-22Today at 16:00 (CET, server time), we will see the U.S. Real Estate market statistics such as Existing Home Sales. This indicator shows the change in the number of houses sold in the secondary market over the past year. Increase in sales characterizes improving welfare and increase in domestic demand in the United States, as a consequence.

This in turn means that, if the indicator turns out above the predicted level 4.57 M, we should expect the U.S. currency to strengthen.

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EUR/USD Forecast on 2014-04-21

Daily Technical Analysis by IFC Markets

EUR/USD-forecast-on-2014-04-21Markets gradually come to life after the recent holidays (Good Friday and Easter), which means we can look for trends dictated by fundamental changes and restoring trading volume. Today at 16:00 (CET, server time) we will find out about changes in the composite index by the Conference Board Inc (CB Leading Index).

This indicator is based on 10 key indicators of the U.S. economy, including employment, consumer confidence index, new orders and the base lending rate. As the CB Leading Index is calculated on the basis of published data, its impact on the market will be negligible at the release time.

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PCI Forecast on 2014-04-18

PCI-forecast-on-2014-04-18Today we return to the WHEAT/F-CATTLE (wheat vs. frozen beef), composed by the PCI GeWorko. The significant decline in the Wheat prices in the period from September to February of this year led to the fact that the share of the crop became consumed as cattle fodder (feed wheat).
This allowed stimulating the growth in beef stocks and the projected demand in the market. As a consequence the WHEAT/F-CATTLE PCI shows an increase from the beginning of February.
The temporary correction is completed due to the worsening political situation in Ukraine. Financing of farms fell due to reduction in government spending, which was a lending condition of the IMF and EU.

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USD/JPY Forecast on 2014-04-16

Daily Technical Analysis by IFC Markets

 USD/JPY-f0orecast-on-2014-04-16Today at 14:30 (CET, server time), we expect the publication of new (Building Permits) in the United States. The figure includes the data by the Statistical Office collected over the last month and published on an annual basis (x12). The Building Permits figure shows the number of new construction approvals issued by the government.

This indicator allows assessing the growth potential in the real estate sector. It should be expected in the long term that the consumption for goods of secondary demand and technological sector goods will increase as the actual values rise.

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USD/JPY Forecast on 2014-04-15

Daily Technical Analysis by IFC Markets

USD/JPY-forecast-on-2014-04-15Today we expect the speech by the Fed Chairman, Janet Yellen at 14:45 (CET, server time). A high market volatility at this time allows you to make transactions based on the graphical and technical analysis.

It should also be noted that there are no qualitative changes in the monetary policy expected from the Fed at the moment. In this regard, the market will receive signals from Janet Yellen’s speech at the conference on financial markets through the filter of current market tendencies.

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