RISK WARNING : Devido ao factor de risco ser muito alto no trading no mercado Forex, somente os fundos livres devem ser usados para este trading. Se você não tiver o capital extra, que pode perder, não deve fazer trading no mercado Forex. O trading no Forex é conveniente somente para os traders institucionais ou traders privados experientes que podem resistir a perdas financeiras e que podem exceder o valor de margem ou depósitos. O investimento implica riscos substanciais, incluindo a possibilidade de perda total de capital e outras perdas que podem ser inaceitáveis para muitas pessoas. O governo não protege investimentos de perdas no mercado, diferentemente de poupança e de contas correntes num banco. Vários instrumentos de mercados financeiros têm diferentes tipos de riscos e de vários níveis. Trading em sistema electrónico pode ser diferente não somente de trading num mercado de leilão, mas também de outros sistemas de trading electrónico. Se você executa transacções usando um sistema electrónico de trading, estará exposto a riscos relativos a este sistema, incluindo falhas de software e hardware (programas de computador). O resultado desta falha pode ser que sua ordem não tenha sido efectuada conforme as suas instruções ou não tenha sido executada. Transacções realizadas em mercados de jurisdições estrangeiras, incluindo os mercados anteriormente ligados a um mercado nacional, podem expor você a riscos adicionais. Tais mercados podem estar sujeitos a regras e leis, que oferecem outras condições de protecção ou debilitá-los. Sua autoridade reguladora local não será capaz de forçar o cumprimento das regras das autoridades reguladoras, ou dos mercados em outras jurisdições onde suas transacções foram efectuadas. Você precisa obter a informação completa sobre tipos de compensação existente, as regras aplicáveis na jurisdição do seu país e outras jurisdições relevantes, antes de começar a fazer trading. Nenhum sistema de negociação "seguro" foi descoberto/reconhecido e ninguém pode garantir lucros ou liberdade de perda. Qualquer desempenho apresentado neste blog, não garante resultados futuros. Nenhuma representação é feita que qualquer conta é susceptível de obter lucros ou perdas semelhantes aos mostrados. De facto, existem diferenças acentuadas entre os resultados de desempenho anteriores e os resultados futuros subsequentemente alcançados por qualquer configuração de conta particular. Existem inúmeros outros factores relacionados com os mercados em geral ou com a implementação de qualquer configuração de conta específica que não possa ser totalmente contabilizada na preparação de resultados de desempenho anteriores e que possam afectar negativamente os resultados futuros de negociação. Uma vez que a negociação com êxito depende de muitos elementos, incluindo mas não limitado a uma configuração de conta . Por favor, perceba o risco envolvido como qualquer investimento e consulte Profissionais de Investimento antes de equacionar investir/operar.
Because the risk factor is very high in Forex trading, only free funds should be used for this trading. If you do not have the extra capital that you can lose, you should not do trading in the Forex market. Forex trading is only convenient for institutional traders or experienced private traders who can withstand financial losses and who may exceed the margin amount or deposits. The investment entails substantial risks, including the possibility of total loss of capital and other losses that may be unacceptable to many people. The government does not protect investments from losses in the market, unlike savings and checking accounts at a bank. Several financial market instruments have different types of risks and different levels. Trading in electronic systems may differ not only from trading in an auction market, but also from other electronic trading systems. If you execute transactions using an electronic trading system, you will be exposed to risks related to this system, including software and hardware failures (computer programs). The result of this failure may be that your order has not been carried out according to your instructions or has not been carried out. Transactions in markets of foreign jurisdictions, including markets formerly linked to a domestic market, may expose you to additional risks. Such markets may be subject to rules and laws, which offer other conditions of protection or weaken them. Your local regulatory authority will not be able to force you to comply with the rules of regulatory authorities, or markets in other jurisdictions where your transactions were made. You need to get complete information on existing compensation types, applicable rules in your country's jurisdiction and other relevant jurisdictions, before you start trading. No "safe" trading system has been discovered / recognized and no one can guarantee profits or freedom from loss. Any performance featured on this blog does not guarantee future results. No representation is made that any account is likely to make profits or losses similar to those shown. In fact, there are sharp differences between the previous performance results and future results subsequently achieved by any particular account configuration. There are a number of other factors relating to markets in general or to the implementation of any particular account configuration that can not be fully accounted for in the preparation of past performance results that could adversely affect future trading results. Since trading successfully depends on many elements, including but not limited to an account setup. Please note the risk involved as any investment and consult Investment Professionals before considering investing / operating.
Cumprimentos Marco Henriques

30/12/2013

Weekly Forex Update 30Dec13

Weekly Forex Update

The previous holiday-shortened week proved favorable for the greenback as the economic optimism in the US continued to spur expectations that growth has finally emerged in the world’s largest economy. Also, the International Monetary Fund stepped forward to lift its economic outlook for the US economy, spreading positive sentiments among the investors.
The US Dollar was supported after the US Federal Reserve’s (Fed) regional hawk from Dallas, Richard Fisher, voiced that the global markets are in a position to withstand a policy taper of $20 billion and that he might encourage the central bank to bring in further alterations in the pace of its bond purchases during the upcoming policy meetings. Meanwhile, the Richmond Fed President, Jeffrey Lacker, backed the central bank’s decision to trim the pace of its asset purchases, citing the recent improvements in the nation’s macroeconomic data.
The latest batch of robust macroeconomic data released last week also came as a blessing for the greenback. The University of Michigan consumer sentiment data stood at a five month high levels in December, highlighting optimism among the Americans. The durable goods orders also rebounded at a faster pace in November, signaling increased spending in the long lasting manufactured goods. Furthermore, the weekly initial jobless claims dropped more than analysts’ expectations, noting further improvements in the US labor market.
The Euro ended the week on a positive note against the USD. Over the weekend, European Central Bank’s (ECB) President, Mario Draghi, dismissed the possibilities of another rate cut, citing positive signs in the common currency bloc.
During the past week the UK Pound continued its winning streak against the USD and pierced the 1.65 psychological mark, as the robustly recovering UK economy continued to provide support to the Sterling. Against this backdrop, the Sterling investors would wait for the next batch of macroeconomic data to gauge the strength of the nation’s recovery.
The Yen lost ground, after the minutes of the Bank of Japan’s (BoJ) latest policy meeting revealed the uncertainties among the policymakers about the economic recovery in the nation. Separately, the BoJ Governor, Haruhiko Kuroda, voiced that the nation is yet to detach deflation completely. Meanwhile, the JPY traders cheered the reports that inflation in Japan inched closer to the 2% benchmark set by the BoJ in November.
During the week, the USD also rose against its key northern peer, the Canadian Dollar. However, the CAD pared its losses against the greenback, after the nation’s gross domestic product report revealed that the Canadian economy continued to grow at consistent pace in October, highlighting that the Bank of Canada might not resort to further easing measures.

EUR USD
Last week, the EUR traded 0.67% higher against the USD and closed at 1.3763. Over the weekend, ECB President, Mario Draghi, pinned down the requirements of further rate cuts, providing support to the shared currency. During the week, reports emerged that the French economy returned to the contraction territory in the third quarter, signaling muted economical activities in the second largest economy of the bloc. Separately, consumer confidence in Italy deteriorated in December. Also, the current account surplus widened in the nation in October. Meanwhile, French debt to GDP ratio dropped in the third quarter. During the week, the pair traded at a high of 1.3894 and a low of 1.3655. The pair is expected to find its first support at 1.3647, with the next support expected at 1.3532. The first resistance is at 1.3886 and the next at 1.4010.

Moving forward, investors would closely eye the release of the Euro-zone’s consumer price index data, to gauge whether bloc still faces the downside risks of inflation. Also, the German retail sales data would remain on the radar of market participants. Investors would also look forward to the final manufacturing activity readings across the Euro region.         

GBP USD
In the last week, GBP traded 0.84% higher against the USD and closed at 1.6485, amid escalating optimism that the UK has successfully shrugged off economical slowdown woes and that growth would continue to expand its roots in the nation. On the data front, mortgage approvals in the UK increased significantly in November as housing schemes boosted demand from first-time buyers. Mortgages approved in November for house purchases increased to 45,044 from 43,315 in October. It exceeded the expected level of 44,400. The pair traded at a high of 1.6580 and a low of 1.6298 in the previous week. GBPUSD is expected to find its first support at 1.6329, with the next at 1.6172. 
Resistance exists first at 1.6611, and then at 1.6736.

Ahead during the week, investors would closely track the UK consumer credit, manufacturing and construction activity data. Also, the Bank of England’s credit survey, mortgage approvals and M4 money supply data would act as a catalyst in determining the direction of the UK Pound.    

USD JPY
The USD traded 1.02% higher against the JPY over the past week, closing at 105.15, as better than expected US macroeconomic data pointed that growth has taken a strong grip in the US. The Yen lost ground, after the minutes of the BoJ’s latest policy meeting cautioned that not all policymakers of the central bank were convinced with the current pace of the economic growth. Furthermore, the BoJ’s Governor, Haruhiko Kuroda, voiced that the Japanese economy is yet to detach deflation. Meanwhile, the Yen traders cheered reports that the Japanese government refrained from using the term ‘deflation’ in its monthly report. Moreover, optimism also spread after the nation’s inflation report revealed that consumer price index in Japan inched closer to the 2% target set by the central bank. In other economic news, industrial production in Japan rose less than market expectations in November, while unemployment rate remained unchanged in the similar period. The pair traded at a high of 105.19 and a low of 103.77. The pair is expected to find its first support at 104.21, with the next support expected at 103.28. The first resistance is at 105.64 and the next at 106.13.

The Yen traders would welcome the New Year week with a light economic calendar and would hunt for global macroeconomic data points for placing their bets in the pair. 

USD CHF
USD traded 0.60% lower against the CHF and closed at 0.8904 in the last week. Data released during the week noted that, the UBS consumption indicator inched higher in November. Meanwhile, the Swiss M3 money supply rose 8.5% in the similar period. During the period, the pair traded at a high of 0.8973 and a low of 0.8923. The first support is at 0.8932, and the next at 0.8902. Resistance exists first at 0.8982, and then at 0.9002.

The Swiss leading indicator and the manufacturing activity data are the couple of major macroeconomic triggers from the Switzerland that are expected to bring in major fluctuations in the pair in the opening week of 2014.

USD CAD
Last week, the USD traded 0.30% higher against the CAD and closed at 1.0704, amid economic optimism in the world’s largest economy. However, reports that the Canadian economy, defied market expectations and grew at a consistent pace in October, exerted some downwards pressure on the greenback. USDCAD traded at a high of 1.0705 and a low of 1.0580 in the previous week. The first support is at 1.0621, with the next at 1.0538. The first resistance is at 1.0746, while the next is at 1.0788.

The Loonie would kick off the New Year’s week with a light economic calendar, with the Loonie traders keeping an eye on the news originating from the US.

AUD USD
AUD traded 0.59% lower against the USD last week, and closed at 0.8868, amid a light trading volume last week. That trend is likely to continue this week, with the upcoming New Year's holiday. The USD rose after the US Labor Department released a report on Thursday showing a steep drop in initial jobless claims in the week ended December 21, following the sharp jump seen earlier in the month. During the week, the pair traded at a high of 0.8960 and a low of 0.8868. The first support is at 0.8837, and the next at 0.8807. The first resistance is at 0.8929, and the next at 0.8991.

The Australian manufacturing index and private sector credit would take the driver’s seat in this week’s market action for the Aussie.

Gold
In the prior week, Gold traded 1.03% higher against the USD and closed at USD1214.32, reversing its direction from previous week’s losses. Nevertheless, another batch of encouraging macroeconomic data from the US during the festive week kept the gains under check. A rise in the US consumer sentiment and durable goods orders data highlighted optimism in the US. Furthermore, a larger than expected drop in the US weekly jobless claims data also picked up risk appetite. The yellow metal traded at a high of 1219.28 and a low of 1192.68 in the previous week. Gold is expected to find support at 1198.24 and the next at 1182.16. The first resistance is at 1224.84, while the next is at 1235.36.

Traders gauged that the yellow metal had a roller-coaster trade in 2013. A plunge to a 2-year low in April unleashed bottom fishing demand from retail investors, but prices fell again in June to a near 3-year low on worries over a plan by the US Federal Reserve to wind down its monetary stimulus. Heavy outflows from gold-exchange traded funds also reflected investors' diminishing interest. The direction of the trades in the precious metal during the opening days of the New Year would rely upon the US pending home sales, consumer confidence and manufacturing activity data.

Crude Oil
Oil prices traded 1.05% higher against the USD in the last week and closed at USD100.18, as conflicts in South Sudan continued to exert downward pressure to the supply of the crude oil. Moreover, the disruptions in the Libyan crude exports also supported oil prices. The crude oil prices also found support after the Energy Information Administration reported a drop 4,731 million barrels in the US crude oil stock piles, whereas the American Petroleum Institute reported that the US crude oil stock piles rose 500,000 barrels for the week ended 20 December. Oil traded at a high of 100.75 and a low of 98.53 in the previous week. Oil has its first major support at 98.89, while the next support exists at 97.60. The first resistance is at 101.11 and the next at 102.04.

Traders in the crude oil would take directions from the developments in the Middle East and would simultaneously eye the release of the data from the US to determine the future trend in oil prices.
Publicada por à(s)