MoneyOnComputer

[FidelisCM]

The main events on March 20, 2017

The dollar fell in Asia on Monday with concerns over comments made at the weekend at a meeting of finance ministers from leading economies that highlighted a lack of cohesion on global trade policies.

Markets in Japan are shut for a holiday. AUD/USD traded at 0.7712, up 0.09%, while USD/JPY changed hands at 112.58, down 0.10% and GBP/USD was quoted at 1.2388, down 0.06%.

The U.S. dollar index eased 0.09% to 100.05.

Gold prices rose slightly in Asia on Monday with the focus ahead on Fed policymaker comments this week.

Gold inched up 0.02% to $1,230.40 a troy ounce.

Crude prices fell further in Asia on Monday as the supply response of U.S. shale drillers to coordinated output cuts by OPEC and key producers and headlines from the G-20 meeting of finance ministers in Germany at the weekend dampening sentiment.

WTI crude contract fell 0.69% to $48.97 a barrel.

Brent oil dropped 0.54% to $51.48 a barrel.

News for Today:

Canada is to release data on wholesale sales.

Chicago Fed President Charles Evans is to speak about current economic conditions and monetary policy at the National Association for Business Economics luncheon in New York.

Overnight:

The Reserve Bank of Australia is to publish the minutes of its latest monetary policy meeting, giving investors insight into how officials view the economy and their policy options.


Main Events of the week:

Tuesday, March 21

The U.K. is to release a report on consumer price inflation.

Canada is to release figures on retail sales.

New York Fed President William Dudley, Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester are all due to make public appearances.

Wednesday, March 22

The National Association of Realtors is to release data on U.S. existing home sales for February.

Thursday, March 23

The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision.

The UK is to produce data on retail sales.

The US is to release the weekly report on jobless claims as well as data on new home sales.

Later, Fed Chair Janet Yellen is to deliver opening remarks at the Federal Reserve System Community Development Research Conference, in Washington DC.

Minnepolis Fed President Neel Kashkari at Strong Foundations Conference and Dallas Fed President Rob Kaplan are also on tap.

Friday, March 24

New Zealand is to report on the trade balance.

The euro zone is to publish survey data on private sector business activity.

Canada is to release inflation figures.

The U.S. is to round up the week with a report on durable goods orders.


EUR/USD Intraday: continuation of the rebound.

Our preference: long positions above 1.0730 with targets at 1.0780 & 1.0810 in extension.

Alternative scenario: below 1.0730 look for further downside with 1.0705 & 1.0680 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:

1.0850 ***

1.0810 **

1.0780 ***

1.0752 Last

1.0730 ***

1.0705 **

1.0680 ***



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 21, 2017

- The dollar trended weaker in Asia on Tuesday with the Fed squarely in focus as policymaker speeches loom, though an extraordinary day of news about Russian meddling in the presidential election raised political risk.
- The U.S. dollar index eased 0.14% to 100.02. USD/JPY changed hands at 112.60, up 0.04%, while AUD/SUD traded at 0.7719, down 0.16% despite minutes of the Reserve Bank of Australia's March policy meeting that reinforced market views that policy bias was neutral to a hike as the next move.
- Gold prices dipped in Asia on Tuesday with sentiment on the outlook for Fed rate hikes driving the market, though an extraordinary day of news about Russian meddling in the presidential election raised political risk. Gold fell 0.15% to $1,232.15 a troy ounce.
- Oil prices rose on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang.
- Brent crude up 24 cents, or 0.5 percent, from their last close at $51.86 per barrel.
- WTI were up 13 cents, or 0.3 percent, at $48.35 a barrel.

News for Today:
The U.K. is to release a report on consumer price inflation.
Canada is to release figures on retail sales.
New York Fed President William Dudley, Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester are all due to make public appearances.

Main Events of the week:

Wednesday, March 22
The National Association of Realtors is to release data on U.S. existing home sales for February.

Thursday, March 23
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision.
The UK is to produce data on retail sales.
The US is to release the weekly report on jobless claims as well as data on new home sales.
Later, Fed Chair Janet Yellen is to deliver opening remarks at the Federal Reserve System Community Development Research Conference, in Washington DC.
Minnepolis Fed President Neel Kashkari at Strong Foundations Conference and Dallas Fed President Rob Kaplan are also on tap.

Friday, March 24
New Zealand is to report on the trade balance.
The euro zone is to publish survey data on private sector business activity.
Canada is to release inflation figures.
The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: the upside prevails.

Our preference: long positions above 1.0725 with targets at 1.0780 & 1.0810 in extension.
Alternative scenario: below 1.0725 look for further downside with 1.0705 & 1.0680 as targets.
Comment: the RSI shows upside momentum.

Supports and resistances:
1.0850 ***
1.0810 **
1.0780 ***
1.0750 Last
1.0725 ***
1.0705 ***
1.0680 ***



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 22, 2017

- The dollar drifted mostly weaker in Asia on Wednesday as markets noted views from a key Fed policymaker on the interest rate outlook and mulled stronger than expected Japan trade figures. The U.S. dollar index was quoted flat at 99.55. USD/JPY fell 0.07% to 111.64. AUD/USD traded at 0.7671, down 0.26%, while GBP/USD was flat at 1.2479.
- Gold prices dipped in Asia on Wednesday despite hawkish comments on the rate outlook by a Fed policymaker.
Gold fell 0.10% to $1,245.25 a troy ounce.
- Crude prices held weaker in Asia on Wednesday after industry estimates showed a sharp gain in U.S. inventories and investors showed caution after an apparent missile test by North Korea. WTI fell 0.19% to $48.15 a barrel, while Brent eased 0.20% to $50.86 a barrel.

News for Today:
The National Association of Realtors is to release data on U.S. existing home sales for February.

Overnight:
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision.

Main Events of the week:

Thursday, March 23
The UK is to produce data on retail sales.
The US is to release the weekly report on jobless claims as well as data on new home sales.
Later, Fed Chair Janet Yellen is to deliver opening remarks at the Federal Reserve System Community Development Research Conference, in Washington DC.
Minnepolis Fed President Neel Kashkari at Strong Foundations Conference and Dallas Fed President Rob Kaplan are also on tap.

Friday, March 24
New Zealand is to report on the trade balance.
The euro zone is to publish survey data on private sector business activity.
Canada is to release inflation figures.
The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: bullish bias above 1.0780.

Our preference: long positions above 1.0780 with targets at 1.0820 & 1.0850 in extension.
Alternative scenario: below 1.0780 look for further downside with 1.0750 & 1.0725 as targets.
Comment: the RSI is mixed to bullish.

Supports and resistances:
1.0875 **
1.0850 ***
1.0820 ***
1.0813 Last
1.0780 ***
1.0750 ***
1.0725 ***



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 23, 2017

- The dollar edged up from four-month lows against the yen on Thursday, but gains were capped by U.S. President Donald Trump's struggle to push through a healthcare bill.
- The dollar was up 0.15 percent at 111.350 yen , enjoying a bit of respite after sliding to a four-month low of 110.735 on Wednesday, when it fell for the seventh straight session.
- The euro was little changed at $1.0792 after advancing to a seven-week high of $1.0825 overnight.
- The pound was effectively flat at $1.2482 and in reach of a one-month high of $1.2507 scaled on Wednesday.
- The Australian dollar was down 0.3 percent at $0.7657.
- The New Zealand dollar was steady at $0.7041.
- Gold prices eased in Asia on Thursday in a light regional data day as markets look to U.S. politics over healthcare for risk direction with a key vote expected in Congress.
- Gold eased 0.29% to $1,246.05 a troy ounce.
- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
- Brent trading at $50.99 per barrel, up 35 cents, or 0.7 percent, from their last close. That came after Brent briefly dipped below $50 a barrel on Wednesday for the first time since November.
- WTI up 37 cents, or 0.8 percent, at $48.41 a barrel, after testing support at $47 overnight.

News for Today:
- The UK is to produce data on retail sales.
- The US is to release the weekly report on jobless claims as well as data on new home sales.
- Later, Fed Chair Janet Yellen is to deliver opening remarks at the Federal Reserve System Community Development Research Conference, in Washington DC.
- Minnepolis Fed President Neel Kashkari at Strong Foundations Conference and Dallas Fed President Rob Kaplan are also on tap.

Overnight:
- New Zealand is to report on the trade balance.

Main Events of the week:

Friday, March 24
The euro zone is to publish survey data on private sector business activity.
Canada is to release inflation figures.
The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: under pressure.

Our preference: short positions below 1.0825 with targets at 1.0770 & 1.0750 in extension.
Alternative scenario: above 1.0825 look for further upside with 1.0850 & 1.0875 as targets.
Comment: a break below 1.0770 would trigger a drop towards 1.0750.

Supports and resistances:
1.0875 **
1.0850 ***
1.0825 ***
1.0799 Last
1.0770 ***
1.0750 ***
1.0730 ***



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 24, 2017

- The dollar edged up against the yen and euro on Friday, pulling away from recent lows, but gains were capped as investors focused on a showdown between U.S. President Donald Trump and members of his own party over a new healthcare bill.
- The Australian dollar fell to an eight-day low of $0.7610 following a decline in the price of iron ore, the country's key export product.
The dollar was up 0.35 percent at 111.340 yen , pulling back from a four-month low of 110.620 struck overnight.
The dollar index was up 0.2 percent at 99.941.
The euro slipped 0.2 percent to $1.0765.
The pound was down 0.3 percent at $1.2490.
- Gold for April delivery on the Comex division of the New York Mercantile Exchange fell 0.28% to $1,243.75 a troy ounce
- Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel.
Brent were at $50.63 per barrel at 0343 GMT, up 7 cents from their last close.
WTI were up 12 cents at $47.82 a barrel.

News for Today:
- The euro zone is to publish survey data on private sector business activity.
- Canada is to release inflation figures.
- The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: the downside prevails.
Pivot: 1.0795

Our preference: short positions below 1.0795 with targets at 1.0750 & 1.0730 in extension.
Alternative scenario: above 1.0795 look for further upside with 1.0825 & 1.0850 as targets.
Comment: the RSI is mixed to bearish.

Supports and resistances:
1.0850
1.0825
1.0795
1.0768 Last
1.0750
1.0730
1.0705



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 27, 2017

The dollar fell to its lowest level against the yen since late November in Asia on Monday on heightened political risk concerns as a Republican-controlled Congress and presidency are in focus to deliver on economic plans for tax cuts and spending following a failed effort to reform healthcare.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, dropped 0.47% to 99.12.

USD/JPY changed hands at 110.36, down 0.91%, while AUD/USD traded at 0.7624, flat. GBP/USD traded at 1.2520, up 0.38%.

Gold prices gained in early Asia on Monday as investors see a week of political risk events, including Britain's move to formally start its break from the European Union. Gold rose 0.73% to $1,252.90

Oil prices fell on Monday as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended. Brent eased 22 cents, or 0.4 percent, from their last close to $50.58 per barrel. WTI down 32 cents, or 0.7 percent, at $47.65 a barrel.

News for Today:
The Ifo Institute is to report on German business climate.
Federal Reserve Bank of Chicago President Charles Evans and Dallas Fed President Robert Kaplan are both to speak.

Main Events of the week:

Tuesday, March 28
The U.S. is to release data on consumer confidence.
Bank of Canada Governor Stephen Poloz is to speak.
Dallas Fed President Robert Kaplan is to speak.

Wednesday, March 29
The UK is to publish data on net lending.
Chicago Fed President Charles Evans is to speak.
The U.S. is to release a report on pending homes sales.

Thursday, March 30
In the euro zone, Germany and Spain are to release preliminary data on inflation.
Canada is to publish figures on raw material price inflation.
The U.S. is to release revised data on fourth quarter growth along with the weekly report on initial jobless claims.

Friday, March 31
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
China is to release its official manufacturing and services PMI’s.
Germany is to release figures on retail sales and unemployment change. Meanwhile, the euro zone is to publish preliminary data on inflation.
The UK is to report on the current account and release revised data on fourth quarter growth.
The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: the upside prevails.
Our preference: long positions above 1.0810 with targets at 1.0850 & 1.0880 in extension.
Alternative scenario: below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment: the RSI shows upside momentum.

Supports and resistances:
1.0900
1.0880
1.0850
1.0830 Last
1.0810
1.0790
1.0770



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 28, 2017

-The dollar fell slightly in a light Asian data day with the market in a holding pattern as assessments are reviewed on prospects for a massive U.S. tax cut and major spending plans this year following President Donald Trump's defeat on a repeal and replacement of Obamacare.
-The U.S. dollar index eased 0.02% at 99.01.
-USD/JPY changed hands at 110.63, down 0.02%, while AUD/USD gained 0.16% to 0.7629. GBP/USD traded at 1.2565, up 0.06%.
-Gold prices dipped in Asia on Tuesday as investors mulled renewed demand prospects from China following data that showed China's net-gold imports via main conduit Hong Kong surged 50.8% month-on-month in February. Gold eased 0.19% to $1,253.35 a troy ounce
-Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is big enough to rebalance the market.
-Brent gained 20 cents from their last close to $50.95 per barrel.
-WTI were up 24 cents at $47.97 a barrel.

News for Today:
-The U.S. is to release data on consumer confidence.
-Bank of Canada Governor Stephen Poloz is to speak.
-Dallas Fed President Robert Kaplan is to speak.

Main Events of the week:

Wednesday, March 29
The UK is to publish data on net lending.
Chicago Fed President Charles Evans is to speak.
The U.S. is to release a report on pending homes sales.

Thursday, March 30
In the euro zone, Germany and Spain are to release preliminary data on inflation.
Canada is to publish figures on raw material price inflation.
The U.S. is to release revised data on fourth quarter growth along with the weekly report on initial jobless claims.

Friday, March 31
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
China is to release its official manufacturing and services PMI’s.
Germany is to release figures on retail sales and unemployment change. Meanwhile, the euro zone is to publish preliminary data on inflation.
The UK is to report on the current account and release revised data on fourth quarter growth.
The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: bullish bias above 1.0850
Our preference: long positions above 1.0850 with targets at 1.0875 & 1.0895 in extension.
Alternative scenario: below 1.0850 look for further downside with 1.0815 & 1.0790 as targets.
Comment: a support base at 1.0850 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1.0905
1.0895
1.0875
1.0865 Last
1.0850
1.0815
1.0790



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 29, 2017

-The dollar pulled away from 4-1/2-month lows against a currency basket on Wednesday after solid data backed expectations for more U.S. interest rate hikes this year, while sterling was knocked by Britain triggering its exit from the European Union.
-The dollar index edged up slightly to 99.751. GBP/USD fell 0.39% to 1.2399. AUD/USD traded up 0.16% to 0.7645.
-Gold dipped in Asia on Wednesday with markets awaiting the U.K.'s formal move to start a split from the European Union later in the day, an historic moment that will see British Prime Minister Theresa May outline the end game on areas from trade to defense cooperation.
Gold dipped 0.49% to $1,249.50 a troy ounce.
-Crude prices trimmed earlier gain in Asia on Wednesday an output disruption in Libya and shrugged off a larger than expected build in U.S. inventories as estimated by an industry group and awaited official government figures later in the day. WTI rose 0.25% to $48.49 a barrel, while on London's Intercontinental Exchange, Brent edged up 0.06% at $51.48 a barrel.

News for Today:
-The UK is to publish data on net lending.
-Chicago Fed President Charles Evans is to speak.
-The U.S. is to release a report on pending homes sales.

Main Events of the week:

Thursday, March 30
In the euro zone, Germany and Spain are to release preliminary data on inflation.
Canada is to publish figures on raw material price inflation.
The U.S. is to release revised data on fourth quarter growth along with the weekly report on initial jobless claims.

Friday, March 31
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
China is to release its official manufacturing and services PMI’s.
Germany is to release figures on retail sales and unemployment change. Meanwhile, the euro zone is to publish preliminary data on inflation.
The UK is to report on the current account and release revised data on fourth quarter growth.
The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: key resistance at 1.0840.

Our preference: short positions below 1.0840 with targets at 1.0790 & 1.0770 in extension.
Alternative scenario: above 1.0840 look for further upside with 1.0875 & 1.0905 as targets.
Comment: as long as the resistance at 1.0840 is not surpassed, the risk of the break below 1.0790 remains high.

Supports and resistances:
1.0905
1.0875
1.0840
1.0815 Last
1.0790
1.0770
1.0755



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 30, 2017

-The pound edged into negative territory in Asia briefly on Thursday as markets noted the U.K. faces a hard road to keep business links in place in negotiations to exit from the European Union that were formally initiated overnight.
-GBP/USD dipped to 1.2437, just into negative territory, retracing earlier gains as the EUR/USD came under further selling, down 0.17% to 1.0747.
-AUD/USD traded up 0.14% to 0.7659. The U.S. dollar index rose 0.17% to 99.95.
-Gold prices edged lower in Asia on Thursday with demand prospects in the world's top two importers, China and India, in focus with physical and exchange traded fund demand on hopes tax reform by New Delhi could cut the cost of bullion imports and as Chinese buyers seek a hedge for a weaker currency. Gold eased 0.14% to $1,251.90 a troy ounce.
-Oil prices edged up on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains.
-Brent trading at $52.53 per barrel, up 11 cents from their last close.
-WTI rose 19 cents to $49.70 a barrel.

News for Today:
-In the euro zone, Germany and Spain are to release preliminary data on inflation.
-Canada is to publish figures on raw material price inflation.
-The U.S. is to release revised data on fourth quarter growth along with the weekly report on initial jobless claims.

Overnight:
-Japan is to publish data on household spending and inflation.
-New Zealand is to report on business confidence.
-China is to release its official manufacturing and services PMI’s.

Main Events of the week:

Friday, March 31
-Germany is to release figures on retail sales and unemployment change.
-Meanwhile, the euro zone is to publish preliminary data on inflation.
-The UK is to report on the current account and release revised data on fourth quarter growth.
-The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: the downside prevails.

Our preference: short positions below 1.0775 with targets at 1.0730 & 1.0700 in extension.
Alternative scenario: above 1.0775 look for further upside with 1.0800 & 1.0825 as targets.
Comment: a break below 1.0730 would trigger a drop towards 1.0700.

Supports and resistances:
1.0825
1.0800
1.0775
1.0750 Last
1.0730
1.0700
1.0675



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on March 31, 2017

-The dollar edged up in Asian trading on Friday, poised for weekly gains after solid U.S. economic data contrasted with figures showing euro zone inflation cooling.
-The dollar index, which tracks the U.S. currency against a basket of six major rivals, was up 0.1 percent at 100.50 (DXY), up 0.9 percent for the week and not far from a two-week high of 100.60 hit overnight. USD/JPY changed hands at 111.94, up 0.01%, while AUD/USD traded at 0.7647, up 0.08%. GBP/USD rose 0.18% to 1.2492.
-Gold prices dipped in Asia on Friday with a stronger dollar weighing on demand, but support coming on political risks, including a meeting next week in Florida between President Donald Trump and China's President Xi Jinping as well as elections in France and chances of a far-right government.
-Gold fell 0.40% to 1,240.00 a troy ounce.
-Crude oil dipped in Asia on profit taking after three days of gains and despite upbeat figures from China on manufacturing and services for March that gained more than expected in cautious trade as U.S. rig count data lies ahead and markets look to a meeting between President Donald Trump and China's Xi Jinping in Florida that is seen as high stakes on trade.
-WTI dipped 0.34% to $50.18 a barrel, while on London's Intercontinental Exchange, Brent eased 0.41% to $52.91 a barrel.

News for Today:
-Germany is to release figures on retail sales and unemployment change. Meanwhile, the euro zone is to publish preliminary data on inflation.
-The UK is to report on the current account and release revised data on fourth quarter growth.
-The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: the downside prevails.

Our preference: short positions below 1.0730 with targets at 1.0645 & 1.0630 in extension.
Alternative scenario: above 1.0730 look for further upside with 1.0770 & 1.0800 as targets.
Comment: as long as 1.0730 is resistance, likely decline to 1.0645.

Supports and resistances:
1.0800
1.0770
1.0730
1.0675 Last
1.0645
1.0630
1.0590



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 3, 2017

-The Aussie fell in Asia on Monday on mixed data sets that showed retail sales miss expectations, the manufacturing PMI ease, but home building figures soar.
-AUD/USD traded at 0.7618, down 0.14% after the data. USD/JPY changed hands at 111.22, down 0.16%, while EUR/USD rose 0.17% to 1.0673.
-The U.S. dollar index eased 0.14% to 100.28.
-In the week ahead, investors will be looking to Wednesday’s Fed minutes for fresh indications on the timing of the next U.S. rate hike ahead of Friday’s closely watched nonfarm payrolls report and a meeting between Chinese President Xi Jinping and U.S. President Donald Trump in Florida.
-Gold prices held slightly weaker on Monday in Asia after mixed regional data sets and political risk events this week in focus.
-Gold for April delivery eased 0.04% to $1,250.65 a troy ounce.
-Crude gave up slight early gains on Monday in Asia with China shut for a public holiday and investors shrugging off news at the weekend on upbeat output cuts by Russia and a pledge by Iraq to step-up compliance.
-WTI fell 0.14% to $50.53 a barrel. Brent eased 0.24% to $53.40 a barrel.

News for Today:
-The UK is to release survey data on manufacturing activity.
-In the U.S., the Institute of Supply Management is to release its manufacturing survey.
-Meanwhile, New York Fed President William Dudley, Philadelphia Fed President Patrick Harker and Richmond Fed President Jeffrey Lacker are all set to speak.

Overnight:
-New Zealand is to release private sector data on business confidence.
-Financial markets in Shanghai and Hong Kong will be closed for a holiday.
-Australia is to report on the trade balance and the Reserve Bank of Australia’s latest interest rate decision is due.

Main Events of the week:

Tuesday, April 4
The UK is to release survey data on construction activity.
Canada and the U.S. are both to release trade data, while the U.S. is also to report on factory orders.

Wednesday, April 5
The UK is to release survey data on service sector activity.
The U.S. is to release the ADP nonfarm payroll report and later in the day the ISM is to release its non-manufacturing survey.
The Fed is to publish the minutes of its March meeting, where it hiked rates and stuck to its projection for two more hikes this year.

Thursday, April 6
Germany is to release figures on factory orders.
The ECB is to publish the minutes of its latest meeting.
Canada is to publish data on building permits.
The U.S. is to produce the weekly report on jobless claims.

Friday, April 7
The UK is to release industry data on house price inflation as well as reports on manufacturing production and the trade balance.
Canada is to publish its monthly employment report.
The U.S. is to round up the week with the closely watched report on nonfarm payrolls.

EUR/USD Intraday: key resistance at 1.0705.

Our preference: short positions below 1.0705 with targets at 1.0645 & 1.0630 in extension.
Alternative scenario: above 1.0705 look for further upside with 1.0740 & 1.0770 as targets.
Comment: as long as 1.0705 is resistance, likely decline to 1.0645.

Supports and resistances:
1.0770
1.0740
1.0705
1.0679 Last
1.0645
1.0630
1.0600



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 4, 2017

- The Aussie fell after Australia's central bank held steady as expected in its latest interest rate decision on Tuesday as investors detected tones of a more neutral bias and with investors cautious ahead of a meeting this week between U.S. President Donald Trump and Chinese President Xi Jinping in Florida expected to be contentious on trade.
-AUD/USD traded down 0.34% to 0.7580, while USD/JPY changed hands at 110.43, down 0.42%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased 0.04% to 100.32.
-Gold drifted higher in Asia on Tuesday in cautious trade with China and India markets shut for holidays, putting the world's top gold importers on the sidelines, and with investors cautious ahead of a meeting this week between U.S. President Donald Trump and China's President Xi Jinping in Florida seen as high stakes on trade and geopolitical tensions in Asia.
-Gold gained 0.35% to $1,258.45 a troy ounce.
-Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising U.S. drilling signaled the potential for increased supply and capped price gains.
-Brent up 7 cents at $53.19 a barrel at 0412 GMT from the previous session.
-WTI up 4 cents to $50.28 a barrel.

News for Today:

The UK is to release survey data on construction activity.

Canada and the U.S. are both to release trade data, while the U.S. is also to report on factory orders.

Main Events of the week:

Wednesday, April 5
The UK is to release survey data on service sector activity.
The U.S. is to release the ADP nonfarm payroll report and later in the day the ISM is to release its non-manufacturing survey.
The Fed is to publish the minutes of its March meeting, where it hiked rates and stuck to its projection for two more hikes this year.

Thursday, April 6
Germany is to release figures on factory orders.
The ECB is to publish the minutes of its latest meeting.
Canada is to publish data on building permits.
The U.S. is to produce the weekly report on jobless claims.

Friday, April 7
The UK is to release industry data on house price inflation as well as reports on manufacturing production and the trade balance.
Canada is to publish its monthly employment report.
The U.S. is to round up the week with the closely watched report on nonfarm payrolls.

EUR/USD Intraday: key resistance at 1.0680.

Our preference: short positions below 1.0680 with targets at 1.0645 & 1.0630 in extension.
Alternative scenario: above 1.0680 look for further upside with 1.0705 & 1.0740 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.0680.

Supports and resistances:
1.0740
1.0705
1.0680
1.0660 Last
1.0645
1.0630
1.0600



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 5, 2017

-The dollar traded higher against a basket of major currencies on Tuesday, after the release of upbeat U.S. trade data, while investors shifted focus to the upcoming meeting between U.S. President Trump and Chinese President Xi Jinping, later this week.
-The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, added 0.15% to 100.51
-GBP/USD fell 0.43% to $1.2432, EUR/USD dipped 0.07% to $1.0663, while EUR/GBP gained 0.37% to trade at 0.8576. Meanwhile, the dollar mounted a slight recovery against the yen, with USD/JPY down 0.20% at 110.69 while USD/CAD rose 0.22% to $1.3413.
-Gold for April delivery on the Comex division of the New York Mercantile Exchange dipped 0.05% to $1,257.75 a troy ounce.
-Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field in the United Kingdom's North Sea that feeds into an international benchmark price.
-Brent trading at $54.46 per barrel at 0457 GMT, up 29 cents, or 0.5 percent, from their last close.
-WTI up 33 cents, or 0.6 percent, at $51.35 a barrel.

News for Today:
-The UK is to release survey data on service sector activity.
-The U.S. is to release the ADP nonfarm payroll report and later in the day the ISM is to release its non-manufacturing survey.
-The Fed is to publish the minutes of its March meeting, where it hiked rates and stuck to its projection for two more hikes this year.

Main Events of the week:

Thursday, April 6
Germany is to release figures on factory orders.
The ECB is to publish the minutes of its latest meeting.
Canada is to publish data on building permits.
The U.S. is to produce the weekly report on jobless claims.

Friday, April 7
The UK is to release industry data on house price inflation as well as reports on manufacturing production and the trade balance.
Canada is to publish its monthly employment report.
The U.S. is to round up the week with the closely watched report on nonfarm payrolls.

EUR/USD Intraday: the upside prevails.

Our preference: long positions above 1.0645 with targets at 1.0700 & 1.0720 in extension.
Alternative scenario: below 1.0645 look for further downside with 1.0625 & 1.0600 as targets.
Comment: The pair has broken above the upper boundary of a bearish channel and remains on the upside.

Supports and resistances:
1.0740
1.0720
1.0700
1.0670 Last
1.0645
1.0625
1.0600



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 6, 2017

-The dollar held weaker against the yen in Asia on Thursday on a Fed minutes reading that some saw as a bit less hawkish than expected and as uncertainty swirls around President Donald Trump's plans to cut taxes and boost spending and the tenor of a summit meeting with the president of China.
-USD/JPY changed hands at 110.43, down 0.24%, while AUD/USD traded at 0.7537, down 0.45%. The U.S. dollar index down 0.09% to 100376.
-Gold gained in Asia on Thursday as investors parsed the latest Fed minutes for the pace of expected rate hikes and a weaker dollar supported demand.
Gold rose 0.70% to $1,257.25 a troy ounce.
-Oil prices fell on Thursday as record U.S. crude inventories underscored that crude markets remain bloated, despite efforts led by OPEC to cut output and prop up prices.
Brent trading at $54.07 per barrel, down 29 cents, or 0.5 percent, from their last close.
WTI down 30 cents, or 0.6 percent, at $50.85 a barrel.

News for Today:
-Germany is to release figures on factory orders.
-The ECB is to publish the minutes of its latest meeting.
-Canada is to publish data on building permits.
-The U.S. is to produce the weekly report on jobless claims.

Main Events of the week:

Friday, April 7
The UK is to release industry data on house price inflation as well as reports on manufacturing production and the trade balance.
Canada is to publish its monthly employment report.
The U.S. is to round up the week with the closely watched report on nonfarm payrolls.

EUR/USD Intraday: the bias remains bullish.

Our preference: long positions above 1.0645 with targets at 1.0690 & 1.0705 in extension.
Alternative scenario: below 1.0645 look for further downside with 1.0625 & 1.0600 as targets.
Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:
1.0720
1.0705
1.0690
1.0661 Last
1.0645
1.0625
1.0600



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 7, 2017

-The dollar fell sharply against the yen on Friday in Asia after the U.S. fired dozens of missiles into Syria in response to a chemical weapons attack with U.S. nonfarm payrolls later in the day a continued market focus.
-USD/JPY changed hands at 110.46, down 0.32%, while AUD/USD eased 0.24% to 0.7528.
-The U.S. dollar index dipped 0.03% to 100.58.
-Gold spiked to five-month peaks Friday in Asia after the U.S. military launched cruise missile strikes against a Syrian air base controlled by President Bashar al-Assad's forces.
Gold rose 0.93% to $1,265.00 a troy ounce.
-Crude prices held well above 1% gains in Asia on Friday after earlier sinking more than 2% after U.S. fired dozens of missiles into Syria in response to a chemical weapons attack on civilians.
WTI spiked 1.51% to $52.48 a barrel, while Brent gained 1.33% $55.62 a barrel.

News for Today:
-The UK is to release industry data on house price inflation as well as reports on manufacturing production and the trade balance.
-Canada is to publish its monthly employment report.
-The U.S. is to round up the week with the closely watched report on nonfarm payrolls.

EUR/USD Intraday: the downside prevails.

Our preference: short positions below 1.0670 with targets at 1.0625 & 1.0600 in extension.
Alternative scenario: above 1.0670 look for further upside with 1.0690 & 1.0705 as targets.
Comment: the RSI lacks upward momentum.

Supports and resistances:
1.0705
1.0690
1.0670
1.0650 Last
1.0625
1.0600
1.0570



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 10, 2017

-The dollar started the week at three-week highs against a currency basket on Monday, after a key U.S. Federal Reserve official reinforced the central bank's commitment to continue raising interest rates.
-The dollar index added 0.1 percent to 101.230 after rising as high as 101.340, reaching its highest levels since March 15.
USD/JPY rose 111.44, up 0.31%, while AUD/USD changed hands at 0.7485, down 0.15%.
-In the week ahead, investors will be looking to Wednesday’s Fed minutes for fresh indications on the timing of the next U.S. rate hike ahead of Friday’s closely watched nonfarm payrolls report and a meeting between Chinese President Xi Jinping and U.S. President Donald Trump in Florida.
-Gold prices ticked up slightly in early Asia on Monday with geopolitical tensions in focus as the U.S. moved an aircraft carrier group closer to the Korean peninsula and as concerns linger over a missile strike on a Syrian airbase last week remain.
Gold rose 0.04% to $1,256.45 a troy ounce
-Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains.
Brent up 4 cents from their last close at $55.28 per barrel.
WTI crude futures were up 10 cents at $52.34 a barrel.

News for Today:
-Fed Chair Janet Yellen is to speak at the University of Michigan.

Overnight:
-Australia is to release private sector data on business confidence.

Main Events of the week:

Tuesday, April 11
The U.K. is to release what will be a closely watched report on consumer price inflation.
The ZEW Institute is to report on German economic sentiment.

Wednesday, April 12
China is to release figures on consumer and producer price inflation.
The UK is to release its monthly employment report.
The Bank of Canada is to announce its benchmark interest rate and publish a policy statement outlining economic conditions and the factors affecting the policy decision. The announcement is to be followed by a press conference.

Thursday, April 13
Australia is to produce its monthly employment report.
China is to publish trade figures.
Canada is to report on manufacturing sales and new house price inflation.
The U.S. is to release reports on producer price inflation, jobless claims and consumer sentiment.

Friday, April 14
Financial markets in Australia, New Zealand, Europe and Canada will be closed for the Good Friday holiday.
The U.S. is to round up the week with data on consumer price inflation and retail sales.

EUR/USD Intraday: the downside prevails.

Our preference: short positions below 1.0615 with targets at 1.0550 & 1.0525 in extension.
Alternative scenario: above 1.0615 look for further upside with 1.0635 & 1.0655 as targets.
Comment: the RSI is mixed to bearish.

Supports and resistances:
1.0655
1.0635
1.0615
1.0585 Last
1.0550
1.0525
1.0500



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 11, 2017

-The dollar held weaker against the yen in Asia on Tuesday with remarks from the Fed chief that suggested rate hikes were likely sooner rather than later failing to lift the greenback and political risk aiding yen safe-have demand, while the Aussie held ground after a mixed business survey.
-USD/JPY fell 0.20% to 110.72, while AUD/USD rose 0.07% to 0.7506.
The U.S. dollar index edged up 0.03% to 100.97.
-According to Fed rate monitor tool, over 52% of traders expected the Fed to hike interest rate in June, compared to 49% a week earlier.
-Gold drifted higher in Asia on Tuesday with markets keeping a close eye on geopolitical risks and noting comments from the Fed chief that suggested the central bank is on track with plans to hike rates as forecast. Gold rose 0.12% to $1,255.35 a troy ounce.
-Crude prices rose to five-week highs in Asia on Tuesday with industry data on U.S. inventories later in the day expected to underpin market views on demand and supply in the world's top importer.
WTI rose 0.17% to $53.17 a barrel, while Brent gained 0.21% to $56.10 a barrel.

News for Today:
-The U.K. is to release what will be a closely watched report on consumer price inflation.
-The ZEW Institute is to report on German economic sentiment.

Overnight:
-China is to release figures on consumer and producer price inflation.

Main Events of the week:

Wednesday, April 12
The UK is to release its monthly employment report.
The Bank of Canada is to announce its benchmark interest rate and publish a policy statement outlining economic conditions and the factors affecting the policy decision. The announcement is to be followed by a press conference.

Thursday, April 13
Australia is to produce its monthly employment report.
China is to publish trade figures.
Canada is to report on manufacturing sales and new house price inflation.
The U.S. is to release reports on producer price inflation, jobless claims and consumer sentiment.

Friday, April 14
Financial markets in Australia, New Zealand, Europe and Canada will be closed for the Good Friday holiday.
The U.S. is to round up the week with data on consumer price inflation and retail sales.

EUR/USD Intraday: under pressure.

Our preference: short positions below 1.0610 with targets at 1.0570 & 1.0550 in extension.
Alternative scenario:above 1.0610 look for further upside with 1.0635 & 1.0655 as targets.
Comment: a break below 1.0570 would trigger a drop towards 1.0550.

Supports and resistances:
1.0655
1.0635
1.0610
1.0590 Last
1.0570
1.0550
1.0520



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 12, 2017

-The yen gained slightly in early Asia on Wednesday as data on machinery orders provided a lift in sentiment and demand was supported by safe-haven buying linked to increased tensions on the Korean peninsula with Chinese President Xi Jinping holding a telephone call with U.S. President Donald Trump over the issue.
-USD/JPY changed hands at 109.51, down 0.10%. AUD/USD traded at 0.7495, down 0.05%.
The U.S. dollar index rose 0.02% to 100.63.
-Gold prices stayed at highs reached last year in November in Asian trade on Wednesday as geopolitical risk on the Korean peninsula escalated with tweets by President Donald Trump warning North Korea the U.S. would "solve the problem" of repeated missile and nuclear tests by the reclusive regime if its ally China failed to act first.
Gold rose 0.38% to $1,279.05 a troy ounce.
-Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.
-Brent crude futures were at $56.36 per barrel at 0457 GMT, up 13 cents, or 0.23 percent, from their last close, and their highest since early March.
-WTI up 9 cents, or 0.19 percent, at $53.49 a barrel, also their highest since early last month.

News for Today:
-The UK is to release its monthly employment report.
-The Bank of Canada is to announce its benchmark interest rate and publish a policy statement outlining economic conditions and the factors affecting the policy decision. The announcement is to be followed by a press conference.

Overnight:
-Australia is to produce its monthly employment report.
-China is to publish trade figures.

Main Events of the week:

Thursday, April 13
Canada is to report on manufacturing sales and new house price inflation.
The U.S. is to release reports on producer price inflation, jobless claims and consumer sentiment.

Friday, April 14
Financial markets in Australia, New Zealand, Europe and Canada will be closed for the Good Friday holiday.
The U.S. is to round up the week with data on consumer price inflation and retail sales.

EUR/USD Intraday: the bias remains bullish.

Our preference: long positions above 1.0570 with targets at 1.0630 & 1.0655 in extension.
Alternative scenario: below 1.0570 look for further downside with 1.0550 & 1.0520 as targets.
Comment: the RSI lacks downward momentum.

Supports and resistances:
1.0685
1.0655
1.0630
1.0600 Last
1.0570
1.0550
1.0520



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 13, 2017

-The Aussie jumped on a surge in new jobs as initial yuan-denominated trade data out of China was also a key driver of the currency as a top trading partner.
-The U.S. dollar index eased 0.08% at 99.985, down 0.58%. AUD/USD jumped 0.60% to 0.7568, while USD/JPY changed hands at 108.8406, down 0.17% with tensions on the Korean peninsula in focus.
-Gold prices jumped in Asia on Thursday on solid trade figures from China, particularly on imports, and on geopolitical risk sentiment and President Donald Trump's remarks on the dollar and interest rates. Gold gained 0.76% to $1,287.85 a troy ounce.
-Crude prices held weaker in Asia on Thursday even after trade data from China showed a solid gain in first quarter crude imports as investors focused on global demand and supply and shrugged off a drop in U.S. inventories. WTI fell 0.19% to $53.01 a barrel, while Brent eased 0.18% to $55.76 a barrel.

News for Today:
-Canada is to report on manufacturing sales and new house price inflation.
-The U.S. is to release reports on producer price inflation, jobless claims and consumer sentiment.

Main Events of the week:

Friday, April 14
Financial markets in Australia, New Zealand, Europe and Canada will be closed for the Good Friday holiday.
The U.S. is to round up the week with data on consumer price inflation and retail sales.

EUR/USD Intraday: further advance.

Our preference: long positions above 1.0630 with targets at 1.0690 & 1.0710 in extension.
Alternative scenario: below 1.0630 look for further downside with 1.0610 & 1.0590 as targets.
Comment: the RSI is bullish and calls for further advance.

Supports and resistances:
1.0735
1.0710
1.0690
1.0650 Last
1.0630
1.0610
1.0590



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 20, 2017

-The dollar caught its breath in Asian trading on Thursday, holding above lows hit earlier this week as investors awaited this weekend's first round of voting in France's presidential election.
-The dollar index, which tracks the U.S. currency against a basket of six major rivals, was slightly higher on the day at 99.752 (DXY), moving away from a three-week low of 99.465 plumbed on Tuesday.
The Beige Book showed the economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers.
-The euro edged up 0.1 percent to $1.07200 , and was expected to tread water ahead of this weekend's vote.
-Centrist Emmanuel Macron held on to his lead as favorite to emerge as the eventual victor, a closely watched poll showed, although it indicated that the outcome of the first round of voting on Sunday was too close to call. Millions of French voters remain undecided, making this the least predictable vote in France in decades, and raising fears of a potential surprise result that could spread turmoil in markets.
-Data released early on Thursday showed Japan's exports rose in March at the fastest pace in more than two years, though fears of trade friction clouded the outlook. Deputy Prime Minister Taro Aso, who heads Japan for a newly-created bilateral economic dialogue with the United States, said on Wednesday that Japan has less room to compromise with the United States under a bilateral trade deal.
-Against its perceived safe-haven Japanese counterpart, the dollar was up 0.1 percent at 108.99 yen , pulling away from five-month lows touched on Monday.
-Sterling added 0.2 percent to $1.2797 after notching a more than six-month high of $1.2908 on Tuesday following British Prime Minister Theresa May's call for an early general election ahead of Brexit negotiations.
-Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a global supply overhang might slowly retreat.
Brent crude futures were at $53.08 per barrel at 0430 GMT, up 15 cents, or 0.3 percent, from their last close.
-U.S. West Texas Intermediate (WTI) crude futures were up 12 cents, or 0.2 percent, to $50.56 a barrel.

EUR/USD Intraday: rebound.
Pivot: 1.0700

Our preference: long positions above 1.0700 with targets at 1.0740 & 1.0765 in extension.
Alternative scenario: below 1.0700 look for further downside with 1.0685 & 1.0655 as targets.
Comment: the RSI shows upside momentum.

Supports and resistances:
1.0790 **
1.0765 ***
1.0740 ***
1.0720 Last
1.0700 ***
1.0685 ***
1.0655 ***



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 24, 2017

-The euro soared on Monday in Asia after an expected and welcomed outcome for the elections in France that led to a runoff between centrist Emmanuel Macron and far-right leader Marine Le Pen.
-EUR/USD jumped 1.33% to 1.0871 after hitting five-month highs overnight on the French election outcome with Macron expected to win the election on May 7 after defeated rivals offered him support. USD/JPY rose 0.78% to 109.95, while AUD/USD gained 0.16% to 0.7555. The U.S. dollar index was down 0.05% to 99.66.
-Gold prices slumped in Asia on Monday as risk concerns eased after the French election went widely as expected, pitting centrist Emmanuel Macron and far-right leader Marine Le Pen in a May 7 runoff. Gold dropped 0.90% to $1,277.35% a troy ounce.
-Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains.
-WTI added 26 cents, or 0.5 percent, but were still below the $50 mark pierced on Friday at $49.88 a barrel. Brent rose 30 cents, or 0.6 percent, to $52.26 per barrel.

News for Today:
-The Ifo Institute is to report on German business climate.
-Canada is to release data on wholesale sales.
-Minneapolis Fed President Neel Kashkari is to speak.

Overnight:
-Financial markets in Australia and New Zealand are to remain closed for the ANZAC Day holiday.

Main Events of the week:

Tuesday, April 25
The UK is to report on public sector borrowing.
The U.S. is to release data on consumer sentiment and new home sales.

Wednesday, April 26
Australia is to produce data on consumer price inflation.
Canada is to publish figures on retail sales.

Thursday, April 27
The Bank of Japan is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision. The announcement is to be followed by a press conference.
In the euro zone, Germany is to release preliminary inflation data.
The ECB is to announce its latest monetary policy decision. The announcement is to be followed by a press conference with President Mario Draghi.
The U.S. is to release data on initial jobless claims, durable goods orders and pending home sales.

Friday, April 28
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
The UK is to release a preliminary estimate for first quarter economic growth.
Germany is to release figures on retail sales.
The euro zone is to publish a preliminary inflation estimate.
Canada is to release data on monthly economic growth.
The U.S. is to round up the week with what will be closely watched preliminary figures on first quarter growth, as well as a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: bullish bias above 1.0780.
Our preference: long positions above 1.0780 with targets at 1.0900 & 1.0945 in extension.
Alternative scenario: below 1.0780 look for further downside with 1.0740 & 1.0685 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1.0975 ***
1.0945 ***
1.0900 ***
1.0830 Last
1.0780 ***
1.0740 ***
1.0685 ***



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 25, 2017

-The dollar rebounded slightly in Asia Tuesday as investors keep a close eye on developments on the Korean peninsula as the USS Carl Vinson aircraft carrier-led battle group heads to the Sea of Japan.
-The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.06% to 98.97. USD/JPY changed hands at 109.7, up 0.01%, while AUD/USD traded at 0.7561, down 0.12%. EUR/USD fell 0.02% to 1.0865. USD/CAD traded up 0.39% to 1.3553.
-Gold dipped slightly in Asia on Tuesday with markets on watch for developments on the Korean peninsula, but otherwise noting strong equity markets and investor confidence.
Gold eased 0.15% to $1,275.65 a troy ounce.
-Crude oil posted further gains in Asia on Tuesday ahead of industry estimates of crude and refined product inventories in the U.S. expected to show declines.
-WTI delivery rose 0.49% to $49.47 a barrel, while Brent gained 0.48% to $52.38 a barrel.

News for Today:
-The UK is to report on public sector borrowing.
-The U.S. is to release data on consumer sentiment and new home sales.

Overnight:
-Australia is to produce data on consumer price inflation.

Main Events of the week:

Wednesday, April 26
Canada is to publish figures on retail sales.

Thursday, April 27
The Bank of Japan is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision. The announcement is to be followed by a press conference.
In the euro zone, Germany is to release preliminary inflation data.
The ECB is to announce its latest monetary policy decision. The announcement is to be followed by a press conference with President Mario Draghi.
The U.S. is to release data on initial jobless claims, durable goods orders and pending home sales.

Friday, April 28
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
The UK is to release a preliminary estimate for first quarter economic growth.
Germany is to release figures on retail sales.
The euro zone is to publish a preliminary inflation estimate.
Canada is to release data on monthly economic growth.
The U.S. is to round up the week with what will be closely watched preliminary figures on first quarter growth, as well as a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: the bias remains bullish.

Our preference: long positions above 1.0820 with targets at 1.0900 & 1.0945 in extension.
Alternative scenario: below 1.0820 look for further downside with 1.0780 & 1.0740 as targets.
Comment: the RSI is mixed to bullish.

Supports and resistances:
1.0975 ***
1.0945 ***
1.0900 ***
1.0865 Last
1.0820 ***
1.0780 ***
1.0740 ***



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 26, 2017

The Australian and New Zealand dollars moved lower against their U.S. counterpart on Wednesday, after disappointing inflation data from Australia, although sentiment on the greenback was also vulnerable amid sustained uncertainties surrounding U.S. politics.

AUD/USD fell 0.28% to 0.7516. NZD/USD dropped 0.50% to trade at 0.6920, the lowest since April 12. The U.S. dollar index was down 0.09% at 98.63. USD/JPY changed hands at 111.24, up 0.14%.

Gold prices dipped slightly in Asia on Wednesday with no fresh support triggers in regional tensions on the Korean peninsula and caution ahead of tax plan details expected from the U.S. later in the day that if approved by Congress could set the pace for interest rate hikes this year by the Fed.
Gold eased 0.12% to $1,265.75 a troy ounce.

Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market.

WTI is down 13 cents, or 0.3 percent, at $49.43 per barrel. Brent is trading at $51.99 per barrel, down 11 cents, or 0.2 percent.

News for Today:
Canada is to publish figures on retail sales.

Overnight:
The Bank of Japan is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision. The announcement is to be followed by a press conference.

Main Events of the week:

Thursday, April 27
In the euro zone, Germany is to release preliminary inflation data.
The ECB is to announce its latest monetary policy decision. The announcement is to be followed by a press conference with President Mario Draghi.
The U.S. is to release data on initial jobless claims, durable goods orders and pending home sales.

Friday, April 28
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
The UK is to release a preliminary estimate for first quarter economic growth.
Germany is to release figures on retail sales.
The euro zone is to publish a preliminary inflation estimate.
Canada is to release data on monthly economic growth.
The U.S. is to round up the week with what will be closely watched preliminary figures on first quarter growth, as well as a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: bullish bias above 1.0900

Our preference: long positions above 1.0900 with targets at 1.0975 & 1.1010 in extension.
Alternative scenario: below 1.0900 look for further downside with 1.0870 & 1.0840 as targets.
Comment: the RSI is mixed to bullish.

Supports and resistances:
1.1070 ***
1.1010 ***
1.0975 ***
1.0925 Last
1.0900 ***
1.0870 ***
1.0840 ***



Review provided by broker Fidelis Capital Markets

[FidelisCM]

The main events on April 27, 2017

The dollar held gains against the yen on Thursday after U.S. President Donald Trump's tax plan offered no fresh surprises, slowing the greenback's rally, while the market awaited the European Central Bank's upcoming monetary policy decision.

USD/JPY changed hands at 111.14, up 0.10%, while AUD/USD traded at 0.7487, up 0.19%. EUR/USD rose 0.06% to 1.0911. USD/CAD traded at 1.3533, down 0.63%.
The U.S. dollar index eased 0.10% to 98.75.

Gold prices rebounded mildly in Asia on Thursday as investors came in after a recent sharp dip following the French election results and as investors took positions on potential geopolitical risks on the Korean peninsula where the U.S. has moved to setup a sophisticated anti-missile system to deter North Korea from launching ballistic missiles.
Gold rose 0.28% to $1,276.33 a troy ounce.

Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels.

WTI is trading at $49.37 per barrel, down 25 cents, or 0.5 percent from their last close. WTI has lost around 8.5 percent in value from its April peak.

Brent is trading at $51.62 per barrel, down 20 cents, or 0.4 percent.

News for Today:
In the euro zone, Germany is to release preliminary inflation data.
The ECB is to announce its latest monetary policy decision. The announcement is to be followed by a press conference with President Mario Draghi.
The U.S. is to release data on initial jobless claims, durable goods orders and pending home sales.

Overnight:
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.

Main Events of the week:

Friday, April 28

The UK is to release a preliminary estimate for first quarter economic growth.
Germany is to release figures on retail sales.
The euro zone is to publish a preliminary inflation estimate.
Canada is to release data on monthly economic growth.
The U.S. is to round up the week with what will be closely watched preliminary figures on first quarter growth, as well as a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: key resistance at 1.0920.

Our preference: short positions below 1.0920 with targets at 1.0870 & 1.0840 in extension.
Alternative scenario: above 1.0920 look for further upside with 1.0950 & 1.0975 as targets.
Comment: the RSI is mixed to bearish.

Supports and resistances:
1.0975 ***
1.0950 ***
1.0920 ***
1.0890 Last
1.0870 ***
1.0840 ***
1.0815 ***



Review provided by broker Fidelis Capital Markets