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Analyzing USD/JPY

USD
In USA Federal Reserve of United states of America is likely to keep the Interest Rate unchanged at 1 to 1¼ percent in next monetary policy meeting. In the view of FOMC members the US economy is expected to continue to expand at a moderate pace although uncertainty persists about low inflation and fiscal and government policies. Fed is expecting the ongoing job gains to continue to support the growth of incomes. It is also likely to keep the dot plot unchanged which shows three rate hike in …
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A look at EUR/USD

EUR/USD is likely to trade sideways with a downward bias till Wednesday in absence of any fundamental trigger of course except any unforeseen event. I will be looking for shorting opportunities with a stop loss of 1.1800 for the target of 1.1680. To make the risk reward ratio more favorable I think it will be better to enter into short trades around the levels of 1.1760 to 1.1770.
Happy trading week to all !
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Gonchar 8 Set

вроде похоже на правду

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AUD/JPY to consolidate.

AUD:
In Australia the Reserve Bank of Australia is expecting the Australian economy to grow at an annual rate of around 3 percent over the next couple of years and inflation is estimated to pick up gradually as the economy strengthens. Employment growth has been stronger over recent months, and has increased in all states. The unemployment rate is expected to decline a little over the next couple of years.
JPY:
There are quite positive developments going on in Japanes economy. Japan's economy ha…
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In the meeting held on 5th September the RBA kept the interest rates unchanged at 1.5 % but gave much more positive indications about growth in economy.  As per recent economic data, inflation is expected to rise gradually, business investments is picking up, employment growth has become stronger, though labor hours remains week. The various forward-looking indicators point to continued growth in employment over the period ahead. Economic growth is still expected to increase gradually over the next couple of years to a little above 3%.

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The Unemployment rate in Japan is expected to remain steady at 2.8 % in August same as previous month. Rise in labor force is being absorbed by rising job opportunities in improving Japanese economy. Among people aged 15 to 24 years old, the jobless rate is likely to fall 4.9 % from 5.1%. A lower jobless rate translates into more income-earning workers and greater consumption. Such increased expenditure accelerates economic growth, but can also heighten inflationary pressures. However, such inflationary pressures are missing in Japanese economy despite Unemployment rate reaching 28 year low

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USD/JPY is my long interest.


USD/JPY is holding up quite well above psychologically important support level of 110. Last Friday's NFP data print which came in better than expected is also providing us a fundamentally sound basis for a trade on long side in USD/JPY. I'll be looking for buying opportunities as long as it's above 110 for the target 110.90 this week.
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A retracement possible in EUR/USD


EUR/USD suffered nearly 1 % losses after upbeat US Non farm payrolls report. Non farm payrolls in the US increased by 209 K in July of 2017 on back of solid job growth seen in food services and drinking places, professional and business services, and health care. This data points may reverse US doller weakness of recent weeks. I am expecting the EUR/USD to decline to 38.2 % Fibonacci retracement of recent rally from 1.1400 to 1.1910 in next week.
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killer195175 avatar

perfect analysis.

VAIBS1991 avatar

yeah rakesh bhai it seems to be working I have made money in all contest accounts and live a/c shorting EUR in last two days.

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thumbs up vaibhav. keep up the good work.

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thanks bhai

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A correction likely in NZD/USD.

NZD:
The economic situation in New Zealand has brightened in recent months as New Zealand has turned
into a trade surplus economy driven by the growth in exports of Milk products and lumber.
The domestic economy is also in good shape. The unemployment rate at 4.9% in last quarter nearly touched low of 8 years.
The economy is expected to gain steam further as the construction sector should show rebound next quarter.
USD:
US GDP Growth rose to 2.6 % (YoY) in second quarter of 2017 which marks a …
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The economic situation in New Zealand has brightened in recent months as New Zealand has turned into a trade surplus economy driven by the growth in exports of Milk products and lumber. The domestic economy is also in good shape. The unemployment rate at 4.9% in last quarter nearly touched low of 8 years. The economy is expected to gain steam further as the construction sector should show rebound next quarter.

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The Reserve Bank of New Zealand kept its official cash rate unchanged at record low of 1.75 percent on September 28th, 2017. Major economic challenges such as persistent surplus capacity and extensive political uncertainty are yet to subside. GDP growth in the March quarter was lower than expected, with weaker export volumes and residential construction partially offset by stronger consumption. Headline inflation has increased over the past year in several countries, but moderated recently with the fall in energy prices. Nevertheless, the growth outlook remains positive.

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Predicting EUR/AUD

EUR:
The Euro Area economy advanced 2.1 percent on quarter in the three months to June of 2017, which is better than 1.9 percent growth in the previous quarter ending March 2017. Household consumption and public spending were the main drivers of growth while fixed investment slowed sharply and net external demand contributed negatively. The GDP growth rate serves as a broad indicator for the health of Euro-zone economies. Robust GDP growth signals a heightened level of economic activity, which i…
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AUD/USD rally to continue.

AUD:
In Australia the Reserve Bank of Australia is expecting the Australian economy to grow at an annual rate of around 3 percent over the next couple of years and inflation is estimated to pick up gradually as the economy strengthens. Employment growth has been stronger over recent months, and has increased in all states. The unemployment rate is expected to decline a little over the next couple of years.
USD:
US GDP Growth rose to 2.6 % (YoY) in second quarter of 2017 which marks a robust impr…
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Predicting AUD/USD

AUD
In recent meeting held on 4th July RBA though kept interest rates unchanged but gave much more positive indications about growth in economy. Governor Lowe said, business investments have picked up, employment growth has become stronger, though Wage growth remains low, however, and this is likely to continue for a while yet. Inflation is expected to increase gradually as the economy strengthens. The various forward-looking indicators point to continued growth in employment over the period ahe…
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National Australia Bank's Business Confidence is likely to come at 7 this month which will give much more positive indications about growth in economy. As per recent National Australia Bank's Business Confidence data inflation is expected to rise gradually, business investments is picking up, employment growth has become stronger, though labor hours remains week. The various forward-looking indicators point to continued growth in employment over the period ahead. Economic growth is still expected to increase gradually over the next couple of years to a little above 3%.

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Predicting EUR/USD.

USD
In the United States the Federal Reserve has a much more positive outlook about future economic growth in US economy. After some softness in Q1 of 2017 the GDP growth is picking up in 2nd Quarter in USA. If we look across sectors we see optimistic indications overall. Recently released data about housing activity has shown rise in home construction. In recent months consumer credit has seen a remarkable rise as the election of Mr. Trump as a President of United States of America has generate…
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