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NZD/USD Intraday technical levels and trading recommendations for April 25, 2017

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The NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred.

A bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair.

Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected.

Bearish persistence below 0.7250 allowed a further decline toward 0.7100 then 0.6960 which failed to provide enough support for the pair.

That is why a further fall was expected toward 0.6860 (the lower limit of the depicted BUY zone) where a bullish position was suggested in previous articles.

Recently, a bullish breakout was achieved above the depicted key level (0.6960).

That is why the recent bearish pullback toward 0.6960 offered significant bullish rejection and a valid BUY entry which is running in profits now.

Note the depicted bullish 1-2-3 pattern with projection target around 0.7250 provided that bullish fixation above 0.7080-0.7100 (neckline) is achieved on a daily basis.

On the other hand, the price level of 0.7100 remains a significant key level to prevent a further bullish advance toward 0.7250.

The material has been provided by InstaForex Company – www.instaforex.com

USD/CAD intraday technical levels and trading recommendations for April 25, 2017

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Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel.

In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel).

However, significant bearish rejection was expressed around 1.3580 (recently established top).

During the bearish pullback, the price level of 1.3300 (50% Fibonacci Level) failed to provide enough support to the pair.

This allowed a further bearish movement toward the price level of 1.2970 (61.8% Fibonacci level) where a valid BUY entry was offered in February 2017.

A few weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3530.

Expected bullish target would be located around 1.3800 (upper limit of the depicted channel) if the pair maintains upside trading above 1.3300 (50% Fibonacci Level) which stands as a prominent support level.

The next resistance to meet the pair is located around the price level of 1.3580 that should be bypassed to pursue towards next bullish targets.

On the other hand, if the USD/CAD pair moves below 1.3300, it may become trapped again within the depicted consolidation range (1.3300-1.2970).

The material has been provided by InstaForex Company – www.instaforex.com

Оптимизм вернулся на рынки (25.04.2017)



Несмотря на то что во второй тур президентских выборов во Франции вырвалась Марин Ле Пен, выступающая за выход Пятой республики из состава Европейского Союза, инвесторы все-таки продолжают наращивать объемы сделок на покупку единой европейской валюты.
Гэп в 160 пунктов на открытии недельных торгов можно смело назвать вздохом облегчения. Котировка евро/доллар оказалась на 5-месячном максимуме у отметки 1,060. Европейская и американская сессии прошли в консолидации на достигнутых максимумах. Эксперты валютного рынка прогнозируют сохранение бычьего тренда и достижение отметки 1,13.
Итоги первого раунда в выборах на пост президента Франции вселили уверенность в победе центриста Эмануэля Макрона. Вероятность его избрания, согласно вчерашнему опросу, составляет 61%. Снижение риска дезинтеграционных процессов в Европе отразилось в первую очередь на безопасных активах. Так, котировка золота опустилась к двухнедельному минимуму, у отметки 1267,50 доллара за тройскую унцию. К слову, торги по данному торговому инструменту остаются высоковолатильными. В течение вчерашнего дня котировка колебалась в довольно широком диапазоне.
Нельзя не отметить, что оптимизм участников финансового рынка все-таки сдержан. О смене настроений трейдеров узнавайте вместе с нами — на канале ИнстаФорексТВ. https://www.instaforex.com/ru/

Fxwirepro: Usd/jpy Forecasts, Macros and Options Trades Recommendations for Laggards, Aggressive Speculators, and Risk Averse

Revising down USDJPY forecasts: Amid short-medium term spikes, the downside risk to USDJPY heightens due to policy constraints. New target at 103 by Q3’2017.

Background of recent JPY development and outlook: USDJPY to be weighed but the pace of decline to be modest.

Macroeconomic environment in the US:

The several indicators have softened lately, including a large downside surprise in March core CPI.

But labor market remains in solid shape, and we expect growth to rebound following a weak first quarter.

FOMC to proceed with tightening, but doves may see the reason for caution.

We expect weak 1Q real GDP growth (0.6% SAAR) and unexciting ECI (0.6% SAQR).

Macroeconomic environment in Japan:

Real exports fell in March but increased solidly in 1Q.

April flash PMI suggests that manufacturing activity remains steady.

In April, large manufacturers business sentiment hit its highest level since 2007, but the outlook remains cautious.

Busy week ahead: BoJ meeting with Outlook report (Thu) and major March data (Fri).

Option Trade Recommendations:

For laggards, since the hedging sentiment is shifting for bullish risks but the above mentioned fundamental driving forces likely to cause the major trend on either direction, we advocate buying USDJPY 1Y ATM straddles.

Although we see the bullish shift in hedging setup the aggregate risk reversal numbers are still in negative trajectories, contemplating massive shrink in IVs we add on long a 6-week USDJPY in the proportion of 1x2x1 put fly (strikes 105.534 x 110.25 x 115).

Aggressive bears can bid 3-month risk reversals while eyeing on short term IVs, and initiate longs in 1×1.5 105-101 USDJPY ratio put spread.

The material has been provided by InstaForex Company – www.instaforex.com

Prime News: LVMH to Buy Christian Dior for $13 Billion

French luxury conglomerate LVMH announced it will take full control of Christian Dior Couture, in a deal that values the fashion brand at €6 billion ($6.51 billion).

The transaction values Paris-based Christian Dior SE at 260 euros per share, according to a statement. That is 15 percent higher than Dior’s Monday closing price, which French billionaire Bernard Arnault controls with a 74 percent stake.

LVMH will get Christian Dior Couture, which produces the Lady Dior handbag, made-to-measure gowns and men’s and women’s ready-to-wear fashions.

Under the transaction, the Arnault family is offering to purchase 25.9 percent of Christian Dior shares that it does not own, which values that stake at €12 billion. The Arnault family also holds a 47 percent stake in publicly traded LVMH, which owns Dior perfumes and beauty.

Louis Vuitton Moët Hennessy SE is paying around 15.6 times earnings before interest, tax, depreciation and amortization over the past year for Christian Dior Couture, which it will procure for 6.5 billion euros under the second part of the plan.

Shares of LVMH climbed nearly 3.2 percent in early trading in Paris and Dior rose around 13 percent.
The material has been provided by InstaForex Company – www.instaforex.com