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GBPJPY Fundamental Analysis – July 25th 2019
https://f.bpcdn.co/optimized/3X/d/d/ddb4b46a36116a4e16bec8ba7cfc953b10aafda2_1_687x500.jpg

https://paxforex.com/forex-fundamental-analysis/gbpjpy-july-25th-2019



Prime Minister Boris Johnson started his new position yesterday after winning the election with a 2-1 majority. As he assembles his pro-Brexit cabinet, the British Pound was able to stabilize at strong support levels and at extreme oversold conditions. The GBPJPY ascended slowly and is now approaching the upper band of its horizontal support area. Will bullish momentum be strong enough for a breakout? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this currency pair!

Here is the key factor to keep in mind today for British Pound trades:

UK CBI Reported Sales and CBI Total Distributed Reported Sales: UK CBI Reported Sales for July are predicted at -8 and CBI Total Distributed Reported Sales are predicted at -5. Forex traders can compare this to UK CBI Reported Sales for June which were reported at -42 and to CBI Total Distributed Reported Sales which were reported at -22.
The Japanese Yen is caught in crosscurrents as economic data continues to be weak wile safe haven demand from forex traders remains strong. As the global economy is on track to cool further and geopolitical risks remain elevated, volatility in the Japanese Yen is anticipated to remain high. The GBPJPY is ripe for a short-term reversal before the downtrend may extend. How much upside does price action have? Today’s fundamental analysis will explore the upside potential as well as the downside risk from current levels.

Here are the key factors to keep in mind today for Japanese Yen trades:

Japanese Corporate Service Price Index: The Japanese Corporate Service Price Index for June increased by 0.7% annualized. Economists predicted an increase of 0.8% annualized. Forex traders can compare this to the Japanese Corporate Service Price Index for May which increased by 0.9% annualized.
Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending July 19th was reported at ¥1,027.8B and Japanese Buying Foreign Stocks was reported at -¥76.8B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending July 12th which was reported at ¥949.6B and to Japanese Buying Foreign Stocks which was reported at -¥18.6B. Foreign Buying Japanese Bonds for the period ending July 19th was reported at ¥133.2B and Foreigners Buying Japanese Stocks was reported at -¥110.0B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending July 12th which was reported at ¥844.3B and to Foreigners Buying Japanese Stocks which was reported at -¥93.1B.
Should price action for the GBPJPY remain inside the or breakout above the 134.250 to 135.250 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 134.850
Take Profit Zone: 138.300 – 139.550
Stop Loss Level: 133.850
Should price action for the GBPJPY breakdown below 134.250 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 133.950
Take Profit Zone: 131.000 – 132.000
Stop Loss Level: 134.850
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you have the proper forex trading strategies in order to grow your account balance in all trading environment? Find out why forex traders prefer to trade their portfolios at PaxForex!

https://paxforex.com/forex-blog/the-boris-johnson-purge

After winning the leadership race with a 2-1 majority, Boris Johnson became the new Prime Minister of the UK and which now has its first Brexit cabinet after the referendum. The extended Brexit data stands at October 31st 2019, but the EU stated it is willing to extend again. This is something Prime Minister Johnson has ruled out as he promised to deliver on Brexit and move the country forward. He has less than 100 days to deliver. With less than 24 hours in his new job, he wasted no time to reshuffle the cabinet and install pro-Brexit ministers during his purge.
https://paxforex.com/sites/default/files/pmjohnson5285.png

As PM Johnson left Buckingham Palace and arrived at 10 Downing Street, he told supporters and opponents of Brexit who gathered outside that “The doubters, the doomsters, the gloomsters, they are going to get it wrong again. We are going to fulfill the repeated promises of Parliament to the people and come out of the EU on Oct. 31, no ifs or buts, and we will do a new deal, a better deal.” Out of the 29 cabinet ministers who started their jobs Wednesday morning, eighteen were without their positions before the day ended. While PM Johnson has now a pro-Brexit cabinet, he has also created at least eighteen enemies who may hold a grudge and seek to derail the fragile Tory government.

Dominic Raab became First Secretary of State as well as Secretary of State for Foreign and Commonwealth Affairs, Priti Patel became Secretary of State for the Home Department and Sajid Javid Chancellor of the Exchequer. Jacob Rees-Mogg was appointed as Leader of the House of Commons and Lord President of the Council while Ben Wallace was named new Secretary of State for Defence. Liz Truss became the new Secretary of State for International Trade and President of the Board of Trade and Andrea Leadsom was appointed Secretary of State for Business, Energy and Industrial Strategy.

With a pro-Brexit cabinet in charge of Brexit and after the Boris Johnson Purge, is it now the right time to buy the British Pound? How will PM Johnson solve the issues surrounding Brexit in less than 100 days? Open your PaxForex Trading Account today and join our fast growing community of profitable forex traders; find out why PaxForex is one of the prime brokers for new traders and seasoned professionals alike.

The few cabinet ministers who remained include Brexit Secretary Steve Barclay, Health Secretary Matt Hancock, Work and Pensions Secretary Amber Rudd, Leader of the House of Lords Natalie Evans, Wales Secretary Alun Cairns and Attorney General Geoffrey Cox. Michael Gove, Brandon Lewis and Julian Smith were moved to different posts. I regards to a no-deal Brexit, PM Johnson added “The ports will be ready, the banks will be ready, the factories will be ready, business will be ready. The British people have had enough of waiting.” He also pledged that “I take personal responsibility for the change I want to see.” The Boris Johnson Purge is complete with a cabinet ready to deliver Brexit and here are three forex trades ready to deliver profits along the way!

Forex Profit Set-Up #1; Buy GBPUSD - D1 Time-Frame

As the US Fed is poised to cut interest rates, as early as this month or as late as December, and with the global economy moving closer to a recession with each released data point, the GBPUSD is poised to capture a double dose of bullish momentum. Price action is currently stabilizing inside of its horizontal support area, which is being pressured by its secondary descending resistance level,from where a double breakout is favored to materialize. This will clear the path for the GBPUSD to accelerate into its next horizontal resistance level and forex traders are recommended to spread their buy orders inside of the horizontal support area.



The CCI already pushed out of extreme oversold territory and the rise in bullish momentum is now favored to extend the advance above 0 which is expected to attract more buy orders. Download your PaxForex MT4 Trading Platform now and earn grow your account balance trade-by-trade!

Forex Profit Set-Up #2; Sell EURGBP - D1 Time-Frame

The ECB is poised to cut interest rates and increase QE which is anticipated to pressure the Euro to the downside as the economy is slowing down. The EURGBP already started its corrective phase after completing a breakdown below its horizontal resistance area as well as below its primary ascending support level. The primary descending resistance level is adding bearish pressures and this currency pair is on track to extend its correction until it can reach its next horizontal support level. Selling any potential rallies in the EURGBP into the upper band of its horizontal resistance area remains the favored trading approach.



The CCI moved deep into extreme oversold conditions, but remains well off of its previous low with plenty of room to the downside. A minor bounce above -100 cannot be ruled out from where the next push lower is likely to materialize. Subscribe to the PaxForex Daily Fundamental Analysis and earn over 500 pips per month with the help of our expert analysts!

Forex Profit Set-Up #3; Buy GBPCAD - D1 Time-Frame

After a strong performance by the Canadian Dollar so far this year, forex traders decided to start taking profits. This has pushed the GBPCAD above its horizontal support area as well as above its primary and secondary descending resistance levels from where bullish momentum is on the rise. Price action now has a clear path to extend the breakout into a strong rally until it can challenge its next horizontal resistance level. Forex traders area advised to buy and sell-offs in the GBPCAD down to the lower band of its horizontal support area.



The CCI accelerated out of extreme oversold territory and above the 0 mark for a bullish momentum crossover. More upside in this technical indicator is favored to lead price action to the upside. Follow the PaxForex Daily Forex Technical Analysis and simply copy the recommended trades of our expert analysts into your own trading account!

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

https://paxforex.com/sites/default/files/eurusd-25-07-19en.jpg

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.1100
• Take Profit Level: 1.1000 (100 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.1170
• Take Profit Level: 1.1200 (30 pips)


GOLD
A possible long position at the breakout of the level 1430.00

USDCHF
A possible long position at the breakout of the level 0.9875

GBPUSD
A possible short position in the breakdown of the level 1.2460

USDJPY
A possible short position in the breakdown of the level 108.00

https://paxforex.com/sites/default/files/silver8774.png

The ECB left interest rates unchanged yesterday, but analysts expected a 0.1% interest rate cut to be delivered by September. ECB President Draghi stated that the economic conditions are getting worse and said that governments need to pitch in. All eyes are on Germany which disagrees with the ECB’s outlook on the economy. German Finance Minister Olaf Scholz added “It’s not necessary or wise to act as if we were in a crisis.” Uncertainty will accompany the Euro over the summer months as deflationary pressures mount as the Eurozone economy is cooling off fast. Is it time to add more hedges to your forex portfolio wit commodities such as Silver? Subscribe to the PaxForex Daily Fundamental Analysis and find out why more successful forex traders every day prefer to grow their portfolio as PaxForex!

Markets expected more from the ECB and BNP Paribas Asset Management Economist Richard Barwell pointed out that “There is a sense that they are scraping the bottom of the barrel on monetary easing. Hence fiscal policy will have to do more next time around.” Economic data released from Singapore through Germany, France and Italy came in mixed with a bearish bias and traders will get the preliminary second-quarter GDP report out of the US to close the trading week. How will this final piece of data impact price action in Silver? Today’s fundamental analysis will take a look at price action potential in this precious metal.

Here are the key factors to keep in mind today for Silver trades:

South Korean Consumer Confidence: South Korean Consumer Confidence for July was reported at 95.9. Forex traders can compare this to South Korean Consumer Confidence for
Singapore Unemployment Rate: The Singapore Unemployment Rate for the second-quarter was reported at 2.2%. Forex traders can compare this to the Singapore Unemployment Rate for the first-quarter which was reported at 2.2%.
Singapore Industrial Production: Singapore Industrial Production for June increased by 1.2% monthly and decreased by 6.9% annualized. Economists predicted a decrease of 0.7% and of 7.9%. Forex traders can compare this to Singapore Industrial Production for May which decreased by 0.1% monthly and by 2.0% annualized.
German Import Price Index: The German Import Price Index for June decreased by 1.4% monthly and by 2.0% annualized. Economists predicted a decrease of 0.8% monthly and of 1.5% annualized. Forex traders can compare this to the German Import Price Index for May which decreased by 0.1% monthly and by 0.2% annualized.
French Consumer Confidence: French Consumer Confidence for July was reported at 102. Economists predicted a figure of 101. Forex traders can compare this to French Consumer Confidence for June which was reported at 101.
French PPI: The French CPI for June decreased by 0.5% monthly. Economists predicted a decrease of 0.2%. Forex traders can compare this to the French CPI for May which decreased by 0.4% monthly.
Italian Confidence Data: Italian Business Confidence for July was reported at 100.1 and Italian Consumer Confidence was reported at 113.4. Economists predicted a figure of 100.6 and of 109.6 Forex traders can compare this to Italian Business Confidence for June which was reported at 100.7 and to Italian Consumer Confidence which was reported at 109.8.
US GDP: The Preliminary US GDP for the second-quarter is predicted to increase by 1.8% annualized. Forex traders can compare this to the first-quarter GDP which increased by 3.1% annualized. Preliminary Personal Consumption for the second-quarter is predicted to increase by 4.0% annualized. Forex traders can compare this to first-quarter Personal Consumption which increased by 0.9% annualized. The Preliminary GDP Price Index for the second-quarter is predicted to increase by 1.9% annualized. Forex traders can compare this to the first-quarter GDP Price Index which increased by 0.9% annualized. The Preliminary Core PCE for the second-quarter is predicted to increase by 2.0% annualized. Forex traders can compare this to the first-quarter Core PCE which increased by 1.2% annualized.
Should price action for Silver remain inside the or breakout above the 16.150 to 16.600 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 16.400
Take Profit Zone: 18.600 – 19.000
Stop Loss Level: 15.850
Should price action for Silver breakdown below 16.150 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 15.850
Take Profit Zone: 13.850– 14.300
Stop Loss Level: 16.150
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you hedge your forex trading strategies with precious metals like Silver? Find out today why you should explore this option and why it represents a smart hedge!

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
https://paxforex.com/sites/default/files/eurtry-26-07-19en.jpg
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 6.2900
• Take Profit Level: 6.2200 (700 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 6.3900
• Take Profit Level: 6.4100 (200 pips)


GOLD
A possible long position at the breakout of the level 1426.00

USDCHF
A possible long position at the breakout of the level 0.9920

GBPUSD
A possible short position in the breakdown of the level 1.2410

USDJPY
A possible long position at the breakout of the level 108.80

Nice one.
I can give you something more simple. Short cereals (wheat, etc.) until the end of August. At the end of august sell everything and go long.
Thanks me later

UK Prime Minister Boris Johnson will start his first full week and is expected to further prepare the country for a no-deal Brexit. He told Brussels that unless the Irish backstop is removed, there will be no deal acceptable to the UK. Forex traders are in a holding pattern as the British Pound hovers at strong support levels. The GBPCHF is ripe for a short-term spike and with light economic data ahead, can bulls force a short-covering rally? Today’s fundamental analysis will take a look at the upside potential in this currency pair.

https://paxforex.com/sites/default/files/images/gbpchf1.jpg

Here are the key factors to keep in mind today for British Pound trades:

UK Consumer Credit and Net Lending Securities on Dwellings: UK Net Consumer Credit for June is predicted at £0.9B and Net Lending Securities on Dwellings is predicted at £3.5B. Forex traders can compare this to UK Net Consumer Credit for May which was reported at £0.8B and to Net Lending Securities on Dwellings which was reported at £3.1B.
UK Mortgage Approvals: UK Mortgage Approvals for June are predicted at 65.8K. Forex traders can compare this to UK Mortgage Approvals for May which were reported at 65.4K.
UK M4 Money Supply: UK M4 Money Supply for June is predicted to increase by 0.2% monthly and by 2.4% annualized. Forex traders can compare this to UK M4 Money Supply for May which decreased by 0.1% monthly and which increased by 2.2% annualized. UK M4 Money Supply excluding IOFCs 3-Month Annualized for June is predicted to increase by 2.5% annualized. Forex traders can compare this to UK M4 Money Supply excluding IOFCs 3-Month Annualized for May which increased by 2.8% annualized.
The ongoing protests in Hong Kong and the escalation of violence has traders on edge which is pushing demand for safe haven assets. The Swiss Franc was leading this sector, but forex traders may opt to realize floating trading profits after a the strong rally. Economic data out of Switzerland remains solid, but a short term count-trend rally on the back of short-covering in the GBPCHF cannot be ruled out. Follow the PaxForex Daily Fundamental Analysis and take the profitable side of this currency pair!

Here is the key factor to keep in mind today for Swiss Franc trades:

Swiss Total Sight Deposits and Swiss Domestic Sight Deposits: Swiss Total Sight Deposits for the week of July 26th are predicted at CHF577.9B and Swiss Domestic Sight Deposits are predicted at CHF477.1B. Forex traders can compare this to Swiss Total Sight Deposits for the week of July 19th which were reported at CHF579.5B and to Swiss Domestic Sight Deposits which were reported at CHF477.5B.
Should price action for the GBPCHF remain inside the or breakout above the 1.2245 to 1.2335 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.2285
Take Profit Zone: 1.2500 – 1.2540
Stop Loss Level: 1.2225
Should price action for the GBPCHF breakdown below 1.2245 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.2200
Take Profit Zone: 1.1960 – 1.2140
Stop Loss Level: 1.2245
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Explore PaxForex today and learn how our traders earn more pips with every trade and why we remain a top choice forex broker for profitable traders!

On Monday, the pound sterling fell to another low, reaching its lowest level since March 2017. Investors are increasingly concerned that Britain is moving toward a chaotic exit from the European Union without any deal with the bloc.
https://paxforex.com/sites/default/files/gbpusd_forex_news_and_fundamental_analysis.jpg

On Sunday, high-ranking officials said that the government of new Prime Minister Boris Johnson is working on a scenario if the EU does not revise its Brexit deal, and is stepping up preparations for leaving the bloc without a deal on October 31.

In early Monday trading, the pound fell by 0.2% to 1.2363 dollars. The British currency also declined against the euro, reaching 90.01 pence.

Recall that the rate of the British currency dropped by 0.6% to 1.2377 immediately after European Commission President Jean-Claude Juncker told the new British Prime Minister Boris Johnson that the agreement on the terms of the kingdom, reached by the EU with Teresa May, is the only possible and the best.

At the same time, the rate of the US dollar fell slightly to the leading world currencies in anticipation of the meeting of the US Federal Reserve System (FRS), which will be held later this week.

As of Monday morning, the EURUSD rate rose to 1.1128 USD per euro from the previous close of 1.1125 dollars per EUR. The dollar fell against the Japanese yen to 108.59 JPY per dollar from Friday's close of 108.66 yen. The dollar index fell by 0.01% - to 98 points.

Investors are awaiting a meeting of the American regulator, which will be held July 30-31. According to forecasts, 78.1% of analysts expect a reduction in the base rate by 25 basis points from the current level of 2.25-2.5%, while other experts believe that the decline will be 50 basis points.

Against this background, market participants drew attention to the American fundamental statistics, according to which US GDP growth in the second quarter of this year was about 2.1% in annual terms. Analysts predicted a slowdown in GDP growth to 1.8% from 3.1% in the last quarter.

Since the GDP figures were slightly better than predicted, this had a negative impact on expectations regarding the easing of US financial policy.

Analysis of GOOGLE 29.07.2019

https://paxforex.com/sites/default/files/google-29-07-19en.jpg
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1268.00
• Take Profit Level: 1288.00 (2000 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1240.00
• Take Profit Level: 1235.00 (500 pips)

Analysis of EURGBP 30.07.2019

https://paxforex.com/sites/default/files/eurgbp-30-07-19en.jpg

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9190
• Take Profit Level: 0.9280 (90 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.9110
• Take Profit Level: 0.9060 (50 pips)



USDJPY
A possible long position at the breakout of the level 108.75

EURUSD
A possible short position in the breakdown of the level 1.1130

USDCHF
A possible long position at the breakout of the level 0.9930

GBPUSD
A possible short position in the breakdown of the level 1.2120

AUDUSD Fundamental Analysis – July 30th 2019

https://paxforex.com/sites/default/files/images/audusd_1.jpg
The Australian Dollar stabilized after consumer confidence rebounded, but bullish momentum remained muted after building approvals slumped steeper than anticipated. Forex traders are also in a holding pattern amid the next round of trade talks between the US and China. With an interest rate cut by the US Fed looming, the AUDUSD is hovering at strong support levels. Can bulls ignite a short-covering rally or will bears push price action further to the downside? Subscribe to the PaxForex Daily Fundamental Analysis where you will grow you balance trade-by-trade!

Here are the key factors to keep in mind today for Australian Dollar trades:

Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of July 28th was reported at 118.5. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of July 21st which was reported at 116.3.
Australian Building Approvals: Australian Building Approvals for June decreased by 1.2% monthly and by 25.6% annualized. Economists predicted an increase of 0.2% monthly and a decrease of 24.3% annualized. Forex traders can compare this to Australian Building Approvals for May which increased by 0.3% monthly and which decreased by 19.2% annualized.
US personal income and spending data will be front and center today for US Dollar trades. Economists expect a slowdown as compared to last month, but are forex traders prepared for a potential downside surprise? Today is the start of the two-day FOMC meeting and expectations call for a 25 basis point interest rate cut announcement tomorrow. The European Central Bank and the Bank of Japan decided to wait out the US Fed and left their interest rates unchanged. Is now the right time to buy the AUDUSD? Today’s fundamental analysis will take a look at price action in both directions.

Here are the key factors to keep in mind today for US Dollar trades:

US Personal Income and Personal Spending: US Personal Income for June is predicted to increase by 0.3% monthly and Personal Spending is predicted to increase by 0.3% monthly. Forex traders can compare this to Personal Income for May which increased by 0.5% monthly and to Personal Spending which increased by 0.4% monthly. Real Personal Spending for June is predicted to increase by 0.2% monthly. Forex traders can compare this to Real Personal Spending for May which were increased by 0.2% monthly. The PCE Deflator for June is predicted to increase by 0.1% monthly and by 1.5% annualized. Forex traders can compare this to the PCE Deflator for May which increased by 0.2% monthly and by 1.5% annualized. The PCE Core Deflator for June is predicted to increase by 0.2% monthly and by 1.7% annualized. Forex traders can compare this to the PCE Core Deflator for May which was increased by 0.2% monthly and by 1.6% annualized.
US S&P/Case-Shiller Composite 20: The US S&P/Case-Shiller Composite 20 for May is predicted to increase by 0.20% monthly and by 2.40% annualized. Forex traders can compare this to the US S&P/Case-Shiller Composite 20 for April which was reported flat at 0.00% monthly and which increased by 2.54% annualized.
US Pending Home Sales: US Pending Home Sales for June are predicted to increase by 0.30% monthly and to decrease by 0.7% annualized. Forex traders can compare this to US Pending Home Sales for May which increased by 1.1% monthly and which decreased by 0.8% annualized.
US Consumer Confidence: US Consumer Confidence for July is predicted at 125.0. Forex traders can compare this to US Consumer Confidence for June which was reported at 121.5.
Should price action for the AUDUSD remain inside the or breakout above the 0.6860 to 0.6915 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6890
Take Profit Zone: 0.7045 – 0.7080
Stop Loss Level: 0.6830
Should price action for the AUDUSD breakdown below 0.6860 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6820
Take Profit Zone: 0.6600 – 0.6695
Stop Loss Level: 0.6890
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you get your MetaTrader4 login? Check your inbox and join our fast growing community of profitable forex traders!

EURJPY Fundamental Analysis – July 30th 2019

https://paxforex.com/sites/default/files/images/eurjpy_3.jpg

All eyes will be on Eurozone confidence data which will be released during the morning trading session. French second-quarter GDP clocked in weaker than expected and German GfK Consumer Confidence slid further. Economists anticipate that confidence data out o the Eurozone will decrease and forex traders will look out for the Eurozone Business Climate Indicator which is approaching 0. How will this impact the EURJPY? Today’s fundamental analysis will take a look if the most recent up-tick can extend to the upside or if a renewed push to the downside is on the horizon.

Here are the key factors to keep in mind today for Euro trades:

French GDP: The Preliminary French GDP for the second-quarter increased by 0.2% quarterly and by 1.2% annualized. Economists predicted an increase of 0.3% quarterly and of 1.3% annualized. Forex traders can compare this to the first-quarter GDP which increased by 0.3% quarterly and by 1.2% annualized.
German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for August was reported at 9.7. Economists predicted a figure of 9.7. Forex traders can compare this to the German GfK Consumer Confidence Survey for July which was reported at 9.8.
French Consumer Spending: French Consumer Spending for June is predicted to increase by 0.2% monthly. Forex traders can compare this to French Consumer Spending for May which increased by 0.4% monthly.
Eurozone Confidence Data: Eurozone Economic Confidence for July is predicted at 102.7. Forex traders can compare this to Eurozone Economic Confidence for May which was reported at 103.3. Eurozone Industrial Confidence for July is predicted at -6.7. Forex traders can compare this to Eurozone Industrial Confidence for May which was reported at -5.6. Eurozone Services Confidence for July is predicted at 10.7. Forex traders can compare this to Eurozone Services Confidence for May which was reported at 11.0. Final Eurozone Consumer Confidence for July is predicted at -6.6. Forex traders can compare this to the previous Eurozone Consumer Confidence for July which was reported at -6.6. The Eurozone Business Climate Indicator for July is predicted at 0.10. Forex traders can compare this to Eurozone Business Climate Indicator for May which was reported at 0.17.
Preliminary German CPI: The Preliminary German CPI for July is predicted to increase by 0.3% monthly and by 1.5% annualized. Forex traders can compare this to the German CPI for June which increased by 0.3% monthly and by 1.6% annualized. The EU Harmonized German CPI for July is predicted to increase by 0.5% monthly and by 1.3% annualized. Forex traders can compare this to the EU Harmonized German CPI for June which increased by 0.3% monthly and by 1.5% annualized.
The Bank of Japan decided to keep interest rates unchanged, but did not rule out future easing. This was the second major central bank, after the ECB, which decided to await more economic data before adding more economic stimulus. The Japanese Yen weakened during the Asian trading session, and adding to downside pressures was a larger than expected drop in industrial production. The EURJPY advanced off of strong support levels, can this trend extend to the upside? Follow the PaxForex Daily Fundamental Analysis today and take the profitable side of this currency pair!

Here are the key factors to keep in mind today for Japanese Yen trades:

Japanese Jobless Rate and Job-to-Applicant Ratio: The Japanese Jobless Rate for June was reported at 2.3% and the Job-to-Applicant Ratio at 1.61. Economists predicted a figure of 2.4% and of 1.62. Forex traders can compare this to the Japanese Jobless Rate for May which was reported at 2.4% and to the Job-to-Applicant Ratio which was reported at 1.62.
Japanese Industrial Production: Preliminary Japanese Industrial Production for June decreased by 3.6% monthly and by 4.1% annualized. Economists predicted an decrease of 1.7% monthly and of 2.0% annualized. Forex traders can compare this to Japanese Industrial Production for May which increased by 2.0% monthly and which decreased by 2.1% annualized.
Bank of Japan Policy Rate and 10-Year Yield Target: The Bank of Japan Policy Rate was reported at -0.10% and the 10-Year Yield Target at 0.00%.Economists predicted a level of -0.10% and of 0.00%. Forex traders can compare this to the previously announced Bank of Japan Policy Rate which was reported at -0.10% and to the 10-Year Yield Target which was reported at 0.00%.
Should price action for the EURJPY remain inside the or breakout above the 120.700 to 121.350 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 121.000
Take Profit Zone: 122.850 – 123.300
Stop Loss Level: 120.200
Should price action for the EURJPY breakdown below 120.700 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 120.500
Take Profit Zone: 118.350 – 119.300
Stop Loss Level: 121.000
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you ensure that your forex investment is taken good care off for you at a trusted forex broker? Join our fast growing community of profitable forex traders now and find out why we are one of the primary MT4 forex brokers in the forex market!

EURUSD Fundamental Analysis – July 31st 2019

https://paxforex.com/sites/default/files/eurusd52.jpg

After the ECB decided to hold interest rates, forex traders will get a healthy dose of inflation as well as GDP data out of the Eurozone and individual member countries. Germany reported a surprise drop in annualized retail sales, but the Euro remained in a holding pattern near key levels. Most forex traders are likely to await the announcement of the US Fed interest rate decision. Can the EURUSD finish today’s trading session on a high note? Follow the PaxForex Daily Fundamental Analysis and earn more pips per trade!

Here are the key factors to keep in mind today for Euro trades:

German Retail Sales: German Retail Sales for June increased by 3.5% monthly and decreased by 1.6% annualized. Economists predicted an increase of 0.5% monthly and of 2.7% annualized. Forex traders can compare this to German Retail Sales for May which decreased by 1.7% monthly and which increased by 3.8% annualized.
French CPI: The French CPI for June decreased by 0.2% monthly and increased by 1.1% annualized. Economists predicted a decrease of 0.3% monthly and an increase of 1.2% annualized. Forex traders can compare this to the French CPI for May which increased by 0.2% monthly and by 1.2% annualized. The French Harmonized CPI for June decreased by 0.2% monthly and increased by 1.2% annualized. Economists predicted a decrease of 0.2% monthly and an increase of 1.2% annualized. Forex traders can compare this to the French Harmonized CPI for May which increased by 0.3% monthly and by 1.4% annualized.
Spanish GDP: The Preliminary Spanish GDP for the second-quarter increased by 0.5% quarterly and by 2.3% annualized. Economists predicted an increase of 0.6% and of 2.3%. Forex traders can compare this to the Spanish GDP for the first-quarter which increased by 0.7% quarterly and by 2.4% annualized.
German Unemployment Change and German Unemployment Rate: The German Unemployment Change for July is predicted at 2K and the German Unemployment Rate at 5.0%. Forex traders can compare this to the German Unemployment Change for June which was reported at -1K and to the German Unemployment Rate which was reported at 5.0%.
Eurozone Unemployment Rate: The Eurozone Unemployment Rate for June is predicted at 7.5%. Forex traders can compare this to the Eurozone Unemployment Rate for May which was reported at 7.5%.
Italian Unemployment Rate: The Italian Unemployment Rate for June is predicted at 10.0%. Forex traders can compare this to the Italian Unemployment Rate for May which was reported at 9.9%.
Spanish Current Account: The Spanish Current Account for May is predicted at -€0.70B. Forex traders can compare this to the Spanish Current Account for April which was reported at -€0.41B.
Italian CPI: The Preliminary Italian CPI for June is predicted to increase by 0.1% monthly and by 0.5% annualized. Forex traders can compare this to the Italian CPI for May which increased by 0.1% monthly and by 0.7% annualized. The Preliminary Italian Harmonized CPI for June is predicted to decrease by 0.7% monthly and to increase by 0.5% annualized. Forex traders can compare this to the Italian Harmonized CPI for May which increased by 0.1% monthly and by 0.8% annualized.
Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for July is predicted to increase by 1.1% annualized and the Eurozone Core CPI is predicted to increase by 1.0% annualized. Forex traders can compare this to the Eurozone CPI for June which increased by 1.2% annualized and to the Eurozone Core CPI which increased by 1.1% annualized.
Eurozone GDP: The advanced Eurozone GDP for the second-quarter is predicted to increase by 0.2% quarterly and by 1.0% annualized. Forex traders can compare this to the Eurozone GDP for the first-quarter which increased by 0.4% quarterly and by 1.2% annualized.
Italian GDP: The Preliminary Italian GDP for the second-quarter is predicted to decrease by 0.1% quarterly and by 0.2% annualized. Forex traders can compare this to the Italian GDP for the first-quarter which increased by 0.1% quarterly and which decreased by 0.1% annualized.
All eyes will be on the FOMC interest rate decision where a 25 basis point interest rate cut is expected. The US Dollar has traded at multi-week highs despite this threat as some traders believe the US Fed may follow the Bank of Japan and the ECB with their holding pattern. Will the Fed deliver the interest rate cut and if they do, what will be next? The US Dollar is at risk of a heavy sell-off if more cuts will be announced. How will this impact the most liquid currency pair, the EURUSD? Today’s fundamental analysis will take a look at the upside potential and the downside risk of this currency pair.

Here are the key factors to keep in mind today for US Dollar trades:

US ADP Employment Change: The US ADP Employment Change for July is predicted at 150K. Forex traders can compare this to the US ADP Employment Change for June which was reported at 102K.
US Employment Cost Index: The US Employment Cost Index for the second-quarter is predicted to increase by 0.7% quarterly. Forex traders can compare this to the US Employment Cost Index for the first-quarter which increased by 0.7% quarterly.
US Chicago PMI: The US Chicago PMI for July is predicted at 51.5. Forex traders can compare this to the US Chicago PMI for June which was reported at 49.7.
US FOMC Interest Rate Decision: The US FOMC Interest Rate Decision is predicted to show Upper Bound interest Rates at 2.25% and Lowe Bound Interest Rates at 2.00%. Forex traders can compare this to the previous US FOMC Interest Rate Decision which showed Upper Bound interest Rates at 2.50% and Lower Bound Interest Rates at 2.25% The Interest Rate on Excess Reserves is predicted at 2.10%. Forex Traders can compare this to the previous Interest Rate on Excess Reserves which was reported at 2.35%.
Should price action for the EURUSD remain inside the or breakout above the 1.1130 to 1.1180 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.1150
Take Profit Zone: 1.1350 – 1.1410
Stop Loss Level: 1.1100
Should price action for the EURUSD breakdown below 1.1130 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.1090
Take Profit Zone: 1.0955 – 1.1000
Stop Loss Level: 1.1130
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. How to trade forex is a question which many new traders try to answer for themselves, but at PaxForex you can move past this and send your time executing strategies delivered by our expert analysts!

https://paxforex.com/sites/default/files/btcusd-ethereum4thbday00.png
Welcome back everyone to this week’s edition of my Bitcoin - Forex Combo Strategy. Since last week’s update “Bitcoin - Forex Combo Strategy: Bitcoin Hodling on the Rise”, price action has been muted with Bitcoin comfortable below $10,000. Before you dismiss this development, it is a strong bullish sign as price action is carving out and confirming support. When it comes to trading, everything matters. Many tend to focus on sharp rallies and sell-offs, which only tell part of the story. The current phase of muted price action moves offers traders a great opportunity to add to their holdings and it also pushed technical indicators out of extreme conditions.

Let me continue by saying Happy Birthday to Ethereum! The world’s largest cryptocurrency turned 4 yesterday, July 30th 2019. As you all know I am bearish on Ethereum and continue to be, but I do give credit where credit is due. Many projects fail in their first year or two, but Ethereum has remained the number two for quite some time, despite plenty of negative factors surrounding the it. On July 30th 2015, “Frontier” was released to the public which ran in the start for Ethereum. Smart contracts was a big part and remains today as dApps developers prefer to use a blockchain which enables smart contracts as the potential for usage increases.

I remain on the sidelines right now when it comes to Ethereum as I believe despite some positive inertia, we are poised to see lower prices in Ethereum moving forward. There is plenty of bullish momentum building up in Bitcoin where I hodl 500 Bitcoin at an average entry price of $8,500. Ripple is extremely undervalued and I have accumulated 40,000,000 Ripple at an average entry price of $0.3388. Litecoin offers good upside potential and I think price action will advance in unison with Bitcoin. I currently have a total of 20,000 Litecoin which I bought at $77.00. The three charts below show my Bitcoin, Ripple and Litecoin holdings.







While I remain bearish on Ethereum, I have never claimed that they are not innovative. Developers have worked hard to make critical improvements as evident in their new releases. After “Frontier” was released in July 30th of 2015, “Homestead” was released on March 14th of 2016 which represented the first big upgrade to Ethereum. “Metropolis (Byzantium)” was released in October 16th of 2017 and “Metropolis (Constantinople)” followed on February 28th 2019. The next major release, named “Serenity”, has been announced and is expected to be released sometime in 2020. No official data has been yet determined.

Each major delivered an improvement in key areas such as smart contracts, block rewards, transaction fees and miner compensation. All those were focused on the technical aspect of Ethereum, but the Ethereum Enterprise Alliance or EEA, launched in March 2017, focused on the commercial aspect of it. Initially there were 30 founding companies and their work inspired more to join from across the enterprise spectrum. Start-ups, venture capital and private equity firms followed suite and so did support companies. In total there are currently over 150 members of the EEA with some of the more influential names being The National Bank of Canada, ING, CME Group, Accenture and Deloitte.

One area where Ethereum may have more potential than competitors is in licensing their technology to third parties. dApp developers usually build their decentralized application on top of the Ethereum network, but corporate clients have a different approach. There are several permissioned Ethereum blockchain versions available which are deployed by companies who then explore different uses for their needs. JP Morgan Chase uses a permissioned Ethereum blockchain named “Quorum” and ConsenSys one named “Pantheon”. There are several others operational and Ethereum may want to spend more energy and resources in order to build on the existing success stories.

dApp development remains popular with over 2,000 different dApps available, but user numbers are disappointing. I think that Ethereum will eventually lose out as other projects may create less dApps, but with higher usage numbers. Most recent statistics show that roughly 20% of all Ethereum based dApps have been abandoned which indicates that there is initial hype with low follow through. Maybe the biggest issue I have with Ethereum is that it tries to be everything to everyone whereas other project find a market and excel at it. I think over the next four years, Ethereum will continue to lose ground.

Now let’s take a look at my forex portfolio where we had a bit of movement. My forex investment remains a key part of my overall approach as I generate my cashflow which I reinvest in cryptocurrencies. On July 26th 2019, the stop loss order in my 100 lots GBPJPY long position from July 18th 2019 was triggered at 135.250. I closed this trade for a profit of 125 pips or $115,664. Earlier today, the stop loss on my 100 lots NZDUSD short position, which I took on July 16th 2019, was triggered at 0.6600 and I closed this trade for a profit of 130 pips or $130,000. Also today, the stop loss on my 100 lots EURAUD long position from July 24th 2019 was triggered at 1.6215 for a profit of 250 pips or $174,533. The three charts below show my closed trades.







My 100 lost EURCAD long position which I took on July 17th 2019 at 1.4650 for a margin requirement of $22,437 with a pip value of $765.36 remains unchanged. On July 26th 2019 I added a 200 lots short position in the USDCHF at 0.9935 for a margin requirement of $40,000 with a pip value of $2,029.12. This was an addition to the 100 lots short position I took on July 22nd 2019 at 0.9835 for a margin requirement of $20,000 with a pip value of $1,014.56. The two chars below show my two remaining trades from last week.





On July 26th 2019 I bought 100 lots of Silver at 16.400 for a margin requirement of $82,240 with a pip value of $5,000. The original trading recommendation can be read at “Silver Fundamental Analysis – July 26th 2019”. Yesterday on July 30th 2019 I bought 100 lots in the EURJPY at 121.000 for a margin requirement of $22,285 with a pip value of $925.31. I acted on this trading recommendation “EURJPY Fundamental Analysis – July 30th 2019”. The two charts below show the new additions to my forex portfolio.





Here is the summary of my Bitcoin - Forex Combo portfolio: I hodl 500 Bitcoins worth $4,858,400, 40,000,000 Ripple worth $12,452,000 and 20,000 Litecoin worth $1,854,800 plus a total cash portfolio worth $1,519,327. In addition I have the following forex positions in my portfolio: a 100 lots EURCAD long position worth $28,560, a 300 lots USDCHF short position worth $55,942, a 100 lots Silver long position worth $95,740 and a 100 lots EURJPY long position worth $22,285. My total Bitcoin - Forex Combo portfolio is worth $20,887,054, up $962,776 from last week’s value of $19,924,278, but off of my all-time high of $22,426,696. My forex trades offered a nice boost and as the cryptocurrency sell-off is nearing its end, I think we will see my portfolio challenge new all-time highs as soon as next month. Let’s rise together, open your PaxForex Trading Account now and follow my Bitcoin - Forex Combo Strategy. Comment below with any questions you may have and I will be happy to help you get started with my Bitcoin - Forex Combo Strategy!

https://paxforex.com/forex-analysis/GBPUSD-1-08-2019

Analysis of GBPUSD 1.08.2019
https://paxforex.com/sites/default/files/gbpusd-1-08-19en.jpg

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.2090
• Take Profit Level: 1.1990 (100 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.2250
• Take Profit Level: 1.2300 (50 pips)


GOLD
A possible short position in the breakdown of the level 1402.00

USDCHF
A possible long position at the breakout of the level 0.9975

EURUSD
A possible short position in the breakdown of the level 1.1030

USDJPY
A possible long position at the breakout of the level 109.30

https://paxforex.com/sites/default/files/usfedcutsrates0005.png
US Fed Cuts Rates, What’s Next?
As widely expected, the US Federal Reserve lowered its key interest rate by 25 basis points to a Lower Bound Rate of 2.00% and an Upper Bound Rate of 2.25%. The Interest Rate on Excess Reserves remained unchanged at 2.10%. Financial markets in the US saw a volatile move to the downside, closing off of their lows, as Fed Chief Powell struggled to signal a clear path ahead. He also struck a more hawkish tone than many anticipated in the wake of a global economic slowdown which resulted in disappointment across the board and criticism by US President Trump.

Powell stated that “We’re thinking of it as essentially in the nature of a mid-cycle adjustment to policy. It’s not the beginning of a long series of rate cuts. I didn’t say it’s just one.” Some argued that the US central bank gave into pressures by the Trump to lower interest rates and while the White House certainly wanted more, there was dissent at the Fed for this 25 basis points interest rate cut. Esther George, the Kansas City Fed President, and Eric Rosengren, the Boston Fed President voted against the cut which was the first time under Powell that two members voted against him.

During the press conference, Powell argued that the cut was a defensive one in order to shield the US economy from the global slowdown as well as low inflation and trade disputed. He tried to convince markets that this was more of an insurance policy to keep the US economy on the right track, that the US economy remains healthy with a favorable outlook. He then caused volatility to spike after he initially mentioned the mid-term adjustment and then opened the door for more interest rate cuts. The conflicting message was not well received by global financial markets.

The US Fed delivered its interest rate cut, what’s next? Last December Powell struck a hawkish tone only to walk it back later. Yesterday he was flip-flopping between two directions. Is now the right time to look at short opportunities in the US Dollar? Subscribe to the PaxForex Daily Fundamental Analysis today and allow our expert analysts to guide you through the forex market, yielding over 500 pips in profits per month.

The US Fed also ended its balance sheet reduction program, which pleased Trump who was overall disappointed. He tweeted “As usual, Powell let us down.” Cornerstone Macro Partner Roberto Perli added “We’re looking for another 25 basis points, probably later than September, but before the new year.” Aberdeen Standard Investments Senior Global Economist James McCann added “This was always a challenging balancing act for Powell.” Financial markets showed the US central bank once again that no matter what it does, it can’t win. The US Fed cuts rates, what’s next? US Dollar resilience could catch up with reality sooner rather than later and result in a bigger sell-off as economic prospects worsen, here are three forex trades to boost profit prospects for your portfolio.

Forex Profit Set-Up #1; Sell USDCAD - D1 Time-Frame

The Canadian Dollar started 2019 with a strong rally which was followed through by a short-term price action reversal. After the US Fed cut interest rates, the US Dollar has moved into an uncertain future. The USDCAD extended its move into its horizontal resistance level where bullish momentum is fading and the secondary descending resistance level is adding bearish pressures. This currency pair is now anticipated to reverse to the downside and complete a breakdown below its primary ascending support level until it can challenge the lower band of its horizontal support area. Forex traders are advised to sell any rallies in the USDCAD from current levels.



The CCI is trading in extreme overbought conditions where a negative divergence formed. This represents a strong bearish trading signal expected to lead the expected price action reversal. Open your PaxForex Trading Account today and find out why more and more forex traders prefer to grow their balance at PaxForex!

Forex Profit Set-Up #2; Buy NZDUSD - D1 Time-Frame

After the NZDUSD competed a breakdown below its horizontal resistance area, price action started to accelerate to the downside which took it below its secondary ascending support level. After reaching the upper band of its horizontal support area, enforced by its primary ascending support level, this currency pair started to recover. The rise in bullish momentum is now favored to recover to the upside and retrace its most recent sell-off. Buying any dips in the NZDUSD down to the lower band of its horizontal support area remains the favored trading approach.



The CCI is trading in extreme oversold territory, but remained well off of its previous low and started to recover. A push above -100 is expected to initiate the next wave of buy orders. Download your PaxForex MT4 Trading Platform now and join our fast growing community of profitable forex traders!

Forex Profit Set-Up #3; Sell USDSGD - D1 Time-Frame

The strong rally in the USDSGD started to fizzle out as bullish momentum is being depleted by its primary descending resistance level, just below its horizontal resistance area. The strong advance is vulnerable to a reversal and as US Dollar uncertainty mounts, price action is anticipated to accelerate to the downside until it can challenge its primary ascending support level. Forex traders are recommended to sell any rallies in the USDSGD into the upper band of its horizontal resistance area.



The CCI is trading in extreme overbought conditions and a drop below the 100 mark is likely to invite more sell orders into this currency pair. Follow the PaxForex Daily Forex Technical Analysis and simply cope the recommended trades of our expert analysts into your own trading account!

I appreciate your daily posts to keep me updated on fiat trading and political situation which affects traditional and cryptocurrency markets too.
I even gave you a merit because I thought the analyses are your work. But now I realized you might be just copy-pasting them. Please explain this.
If you're copy-pasting you should add link to source to every post, or better I suggest that you quote the copied text and add your own comment or short summary in your own words.

EURAUD Fundamental Analysis – August 2nd 2019
The link on the main web-site.

https://paxforex.com/forex-fundamental-analysis/euraud-august-2nd-2019

Following an economic data heavy week, forex traders will get Eurozone retail sales to close out their week. The EURAUD has spiked into strong resistance levels, but bullish momentum is fading as economic data has deteriorated further. How resilient is the Eurozone consumer? US President Trump has announced another round of tariffs on Chinese imports yesterday, how will this impact price action in this currency pair? Subscribe to the PaxForex Daily Fundamental Analysis where you can grow your balance trade-by-trade!

Here are the key factors to keep in mind today for Euro trades:

Spanish Unemployment Change: The Spanish Unemployment Change for July was reported at -4.3K. Economists predicted a figure of -21.4K. Forex traders can compare this to the Spanish Unemployment Change for June which was reported at -63.8K.
Italian Industrial Production: Italian Industrial Production for June is predicted to decrease by 0.3% monthly and by 2.1% annualized. Forex traders can compare this to Italian Industrial Production for May which increased by 0.9% monthly and which decreased by 0.7% annualized.
Italian Retail Sales: Italian Retail Sales for June are predicted to increase by 0.4% monthly and by 0.2% annualized. Forex traders can compare this to Italian Retail Sales for May which decreased by 0.7% monthly and by 1.8% annualized.
Eurozone PPI: The Eurozone PPI for June is predicted to decrease by 0.3% monthly and to increase by 0.8% annualized. Forex traders can compare this to the Eurozone PPI for May which decreased by 0.1% monthly and which increased by 1.6% annualized.
Eurozone Retail Sales: Eurozone Retail Sales for June are predicted to increase by 0.2% monthly and by 1.3% annualized. Forex traders can compare this to Eurozone Retail Sales for May which decreased by 0.3% monthly and which increased by 1.3% annualized.
The Australian Dollar remained firm after retail sales rose above expectations in June, but came in weaker for the second-quarter excluding inflation. The Australian Dollar remains the top Chinese Yuan proxy trade, but after US President Trump announced yesterday that he will impose additional tariffs on Chinese imports, the EURAUD held its ground. Forex traders are now awaiting the Chinese response to Trump’s announced 10% tariffs on $300 billion worth of imports as he now essentially applied his tariffs on all goods imported from China. How will the EURAUD trade moving forward? Today’s fundamental analysis will take a look at upside and downside potential of this currency pair.

Here are the key factors to keep in mind today for Australian Dollar trades:

Australian PPI: The Australian PPI for the second-quarter increased by 0.4% quarterly and by 2.0% annualized. Forex traders can compare this to the Australian PPI for the first-quarter of which increased by 0.4% quarterly and by 1.9% annualized.
Australian Retail Sales: Australian Retail Sales for June increased by 0.4% monthly. Economists predicted an increase of 0.3% monthly. Forex traders can compare this to Australian Retail Sales for May which increased by 0.1% monthly. Australian Retail Sales excluding Inflation for the second-quarter increased by 0.2% quarterly. Economists predicted an increase of 0.3% quarterly. Forex traders can compare this to Australian Retail Sales excluding Inflation for the first-quarter which decreased by 0.1% quarterly.
Should price action for the EURAUD remain inside the or breakdown below the 1.6230 to 1.6310 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.6270
Take Profit Zone: 1.5890 – 1.5945
Stop Loss Level: 1.6350
Should price action for the EURAUD breakout above 1.6310 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.6350
Take Profit Zone: 1.6445 – 1.6500
Stop Loss Level: 1.6310
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you receive your MetaTrader4 login? Check your inbox now and join one of the fastest growing forex trading communities at PaxForex, where traders earn more pips per trade!

Analysis of USDJPY 2.08.2019

https://paxforex.com/forex-analysis/USDJPY-2-08-2019 (https://paxforex.com/forex-analysis/USDJPY-2-08-2019)

https://paxforex.com/forex-analysis/USDJPY-2-08-2019

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 106.70
• Take Profit Level: 105.70 (100 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 107.20
• Take Profit Level: 107.50 (30 pips)


GOLD
A possible long position at the breakout of the level 1450.00

USDCHF
A possible short position in the breakdown of the level 0.9850

EURUSD
A possible long position at the breakout of the level 1.1115

GBPUSD
A possible short position in the breakdown of the level 1.2075

https://paxforex.com/forex-fundamental-analysis/audusd-august-5th-2019

AUDUSD Fundamental Analysis  (http://Analysis https://paxforex.com/forex-fundamental-analysis/audusd-august-5th-2019)– August 5th 2019

https://paxforex.com/sites/default/files/images/audusd_1.jpg
The Australian Dollar started the new trading week with a rise in volatility as forex traders received two reports on the the Australian services sector which were mixed with an increase in the final Composite PMI reading for July. US President Trump is increasing his trade war with China, but the final Chinese July Manufacturing PMI was revised higher. With the US Dollar coming under pressure as Chinese data shows signs of bottoming out, will the AUDUSD reverse on the back of short-covering? Today’s fundamental analysis will take a look at the upside potential as well as downside risk.

Here are the key factors to keep in mind today for Australian Dollar trades:

Australian AiG Performance of Services Index: The Australian AiG Performance of Services Index for July was reported at 43.9. Forex traders can compare this to the Australian AiG Performance of Services Index for June which was reported at 52.2.
Australian CBA Services PMI and CBA Composite PMI: The Final Australian CBA Services PMI for July was reported at 52.1. Forex traders can compare this to the previous Australian CBA Services PMI for July which was reported at 51.9. The Final Australian CBA Composite PMI for July was reported at 52.3. Forex traders can compare this to the previous Australian CBA Composite PMI for for July which was reported at 51.8.
Australian TD Securities Inflation: Australian TD Securities Inflation for July increased by 0.3% monthly and by 1.8% annualized. Forex traders can compare this to Australian TD Securities Inflation for June which was reported flat at 0.0% monthly and which increased by 1.6% annualized.
Chinese Caixin Services PMI and Chinese Caixin Composite PMI: The Chinese Caixin Services PMI for July was reported at 51.6. Economists predicted a figure of 52.0. Forex traders can compare this to the Chinese Caixin Services PMI for June which was reported at 52.0. The Chinese Caixin Composite PMI for July was reported at 50.9. Forex traders can compare this to the Chinese Caixin Composite PMI for for June which was reported at 50.6.
Last Friday’s NFP report came in as expected, the US adds workers but not hours. US Fed Chair Powell has called the US economy strong with a positive outlook after cutting interest rates by 25 basis points. Last Thursday, the ISM Manufacturing PMI came in weaker than expected. Will today’s ISM Non-Manufacturing PMI follow suit and disappoint forex traders? How will this impact the AUDUSD? Follow the PaxForex Daily Fundamental Analysis and take the profitable side of this currency pair!

Here are the key factors to keep in mind today for US Dollar trades:

US Markit Services PMI and Markit Composite PMI: The US Final Markit Services PMI for July is predicted at 52.2 and the US Final Markit Composite PMI is predicted at 51.6. Forex traders can compare this to the previous US Markit Services PMI for July which was reported at 52.2 and to the previous US Markit Composite PMI which was reported at 51.6.
US ISM Non-Manufacturing PMI: US ISM Non-Manufacturing PMI for July is predicted at 55.5. Forex traders can compare this to the US ISM Non-Manufacturing PMI for June which was reported at 55.1. The ISM Non-Manufacturing Business Activity Index for July is predicted at 58.3. Forex traders can compare this to the ISM Non-Manufacturing Business Activity Index for June which was reported at 58.2.
Should price action for the AUDUSD remain inside the or breakout above the 0.6745 to 0.6800 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6765
Take Profit Zone: 0.6995 – 0.7080
Stop Loss Level: 0.6700
Should price action for the AUDUSD breakdown below 0.6745 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6700
Take Profit Zone: 0.6575 – 0.6625
Stop Loss Level: 0.6765
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Are you trading with one of the prime MetaTrader4 brokers? Find out how PaxForex helps each trader to earn more pips per trade and join our fast growing community of profitable forex traders!

Chinese yuan hits perennial lows

https://paxforex.com/forex-fundamental-analysis/chinese-yuan-hits-perennial-lows

The Chinese yuan fell by more than 1% to an 11-year low on Monday amid growing concerns about a sharp escalation of the US-Chinese trade war, which caused sales of other currencies in the region.

Growing concerns about global trade led investors to rush to safe-haven assets, while the Japanese yen rose to a seven-month high against the dollar.
Yuan unexpectedly broke the mark of 7 per dollar for the first time after the global financial crisis, a level that some market players consider to be the main support. Offshore yuan fell to a mark of 7.1137 per dollar.

The strongest decline in Chinese currency occurred only a few days after US President Donald Trump surprised the markets, saying that he intends to introduce additional tariffs on Chinese imports. Large investors are inclined to believe that this may be the most important point for the yuan this year.

The sharp drop occurred after Beijing vowed to resist Trump’s sharp decision to establish a 10% tariff for the remaining $ 300 billion in Chinese imports, which ended the monthly trade truce. The decline of the yuan has negatively affected many currencies in the region.

The Australian dollar, often used as an additional indicator of China's trade, fell by 0.35% to $ 0.6773, reaching a seven-month low of $ 0.6748.
The currencies of emerging market countries received an even deeper blow.

The Korean won fell by 1%, reaching a three-year low of 1,218.3 per dollar, while the new Taiwan dollar fell by more than 0.7% to a two-month low of 31.627. The Mexican peso fell by 1% to 19,507 against the USD, and the Indian rupee in the minus by 1.2% to 70.425.

The American dollar is negative against traditional safe-haven currencies. USD fell to a mark of 105, 80, the weakest indicator since January of this year. Gold reached a six-year high of $ 1,456.2 per ounce.

The yield on 10-year US Treasury bonds in Asia fell by 7.5 basis points to 1.780%, exceeding a drop of 23 basis points last week, the biggest weekly decline in seven years.

Fed futures are currently estimated at 0.75 basis points with some probability of decline.

Forex calendar >

Forex trading recommendations:

GBPUSD: Buy. Entry point – 1, 2112. Take profit – 1, 2145. Stop Loss – 1, 2056.

NZDUSD:  Buy. Entry point– 0, 6522. Take Profit – 0, 6538. Stop Loss – 0, 6495.

USDCAD:  Sell. Entry point – 1, 3231. Take Profit – 1, 3215. Stop Loss – 1, 3258.

EURGBP Fundamental Analysis – August 5th 2019
https://paxforex.com/forex-fundamental-analysis/eurgbp-august-5th-2019

EUR/GBP - Forex Trading News on May 14th
Forex traders will get final PMI data out of the Eurozone for July and economists anticipate no change. Investor confidence on the other hand is predicted to slide further in August as the Eurozone economy continues to weaken. The ECB is now likely to step in which will pressure the Euro to the downside. With a no-deal Brexit on the horizon, how will the EURGBP perform over the next few weeks? Subscribe to the PaxForex Daily Fundamental Analysis and join our fast growing community of profitable forex traders!

Here are the key factors to keep in mind today for Euro trades:

Italian Services PMI and Composite PMI: The Italian Markit Services PMI for July is predicted at 50.6. Forex traders can compare this to the Italian Markit Services PMI for June which was reported at 50.5. The Italian Markit Composite PMI for July is predicted at 50.1. Forex traders can compare this to the Italian Markit Composite PMI for June which was reported at 50.1.
French Services PMI and Composite PMI: The Final French Markit Services PMI for July is predicted at 52.2 Forex traders can compare this to the previous French Markit Services PMI for for July which was reported at 52.2. The Final French Markit Composite PMI for July is predicted at 51.7. Forex traders can compare this to the previous French Markit Composite PMI for for July which was reported at 51.7.
German Services PMI and Composite PMI: The Final German Markit Services PMI for July is predicted at 55.4. Forex traders can compare this to the previous German Markit Services PMI for for July which was reported at 55.4. The Final German Markit/BME Composite PMI for July is predicted at 51.4. Forex traders can compare this to the previous German Markit/BME Composite PMI for for July which was reported at 51.4.
Eurozone Services PMI and Composite PMI: The Final Eurozone Markit Services PMI for July is predicted at 53.3. Forex traders can compare this to the previous Eurozone Markit Services PMI for for July which was reported at 53.3. The Final Eurozone Markit Composite PMI for July is predicted at 51.5. Forex traders can compare this to the previous Eurozone Markit Composite PMI for for July which was reported at 51.5.
Eurozone Sentix Investor Confidence: Eurozone Sentix Investor Confidence for August is predicted at -7.0. Forex traders can compare this to Eurozone Sentix Investor Confidence for July which was reported at -5.8.
Economists predict that the key UK services sector improved in July, despite a no deal Brexit more likely. UK services companies are working through the uncertain environment and adding more business. How will this impact the British Pound? With less than 100 days until Brexit, the British currency came under heavy selling pressure, is now the time to go long? This morning’s fundamental analysis will explore both direction in the EURGBP which has rallied into strong resistance.

Here is the key factor to keep in mind today for British Pound trades:


UK Markit/CIPS Services PMI and Markit/CIPS Composite PMI: The UK Markit/CIPS Services PMI for July is predicted at 50.4 and the UK Markit/CIPS Composite PMI is predicted at 49.8. Forex traders can compare this to the UK Markit/CIPS Services PMI for June which was reported at 50.2 and to the UK Markit/CIPS Composite PMI which was reported at 49.7.
Should price action for the EURGBP remain inside the or breakdown below the 0.9145 to 0.9200 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.9180
Take Profit Zone: 0.8830 – 0.8890
Stop Loss Level: 0.9235
Should price action for the EURGBP breakout above 0.9200 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.9245
Take Profit Zone: 0.9310 – 0.9370
Stop Loss Level: 0.9200
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Does your forex platform and your forex broker create the proper trading environment for your balance to grow? Find out why more forex traders join PaxForex every day and how this can improve your trading results!

NZDJPY Fundamental Analysis – August 6th 2019

https://paxforex.com/forex-fundamental-analysis/nzdjpy-august-6th-2019

https://paxforex.com/sites/default/files/nzdjpy.png

Following yesterday’s global sell-off which drove traders to safe-haven assets such as gold and bonds, forex traders are now shifting through the aftermath. A light economic calendar will ease the pressure, but US President Trump’s escalation of the trade war with China will continue to dominate. New Zealand reported a better-than-expected employment report for the second-quarter, despite the ongoing glowing slowdown which gave a boost to the New Zealand Dollar as the RBNZ lowered its inflation expectations. The NZDJPY bounced off of strong support levels, but can the recovery last? This morning’s fundamental analysis will explore the options for price action moving forward.

Here are the key factors to keep in mind today for New Zealand Dollar trades:

New Zealand Employment Data: The Unemployment Rate for the second-quarter was reported at 3.9%. Economists predicted an Unemployment Rate of 4.3%. Forex traders can compare this to the Unemployment Rate for the first-quarter which was reported at 4.2%. The Unemployment Change for the second-quarter increased by 0.8% quarterly and by 1.7% annualized. Economists predicted an increase of 0.3% quarterly and of 1.2% annualized. Forex traders can compare this to the Unemployment Change for the first-quarter which decreased by 0.1% quarterly and which increased by 1.5% annualized. The Participation Rate for the second-quarter was reported at 70.4%. Economists predicted a Participation Rate of 70.4% quarterly. Forex traders can compare this to the Participation Rate for the first-quarter which was reported at 70.4%. Private Wages ex Overtime for the second-quarter increased by 0.8% quarterly. Economists predicted an increase of 0.7% quarterly. Forex traders can compare this to Private Wages ex Overtime for the first-quarter which increased by 0.3% quarterly. Labor Cost Private Sector for the second-quarter increased by 0.8% quarterly. Economists predicted an increase of 0.7% quarterly. Forex traders can compare this to Labor Cost Private Sector for the first-quarter which increased by 0.3% quarterly. Average Hourly Earnings for the second-quarter increased by 1.1% quarterly. Economists predicted an increase of 0.5% quarterly. Forex traders can compare this to Labor Cost Private Sector for the first-quarter which increased by 1.1% quarterly.
Reserve Bank of New Zealand 2-Year Inflation Expectations: Reserve Bank of New Zealand 2-Year Inflation Expectations for the third-quarter increased by 1.86%. Forex traders can compare this to Reserve Bank of New Zealand 2-Year Inflation Expectations for the second-quarter which increased by 2.01%.
The Japanese Yen was in demand yesterday as forex traders fled to safe haven assets. The Bank of Japan cautioned markets against excessive strength in the Japanese currency and warned of intervention. Economic data released out of Japan showed better-than-expected household spending data as labor cash earnings improve. The Japanese Leading Index contracted further and a sales tax is looming over the Japanese consumer as the global economy is cooling. Is now the time to short the Japanese Yen for a short-term reversal? Follow the PaxForex Daily Fundamental Analysis and get your NZDJPY trading set-up today!

Here are the key factors to keep in mind today for Japanese Yen trades:

Japanese Household Spending: Japanese Household Spending for June increased by 2.7% annualized. Economists predicted an increase of 1.1% annualized. Forex traders can compare this to Japanese Household Spending for May which increased by 4.0% annualized.
Japanese Labor Cash Earnings and Japanese Real Cash Earnings: Japanese Labor Cash Earnings for June increased by 0.4% annualized and Japanese Real Cash Earnings decreased by 0.5% annualized. Economists predicted a decrease of 0.6% and of 1.5%. Forex traders can compare this to Japanese Labor Cash Earnings for May which decreased by 0.5% annualized and to Japanese Real Cash Earnings which decreased by 1.3% annualized.
Japanese Leading Index and Japanese Coincident Index: The Preliminary Japanese Leading Index for June was reported at 93.3 and the Preliminary Japanese Coincident Index was reported at 100.4. Economists predicted a figure of 93.5 and of 100.4. Forex traders can compare this to the Japanese Leading Index for May which was reported at 94.9 and to the Japanese Coincident Index which was reported at 103.4.
Should price action for the NZDJPY remain inside the or breakout above the 69.150 to 70.000 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 69.600
Take Profit Zone: 72.200 – 73.200
Stop Loss Level: 69.000
Should price action for the NZDJPY breakdown below 69.150 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 68.750
Take Profit Zone: 66.150 – 66.950
Stop Loss Level: 69.150
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Forex trading for beginners can be an overwhelming task, find out now how PaxForex helps every trader to get the most from the forex market and why more traders every day prefer to trade at PaxForex!

https://paxforex.com/forex-blog/us-china-trade-war-escalates-further

US-China Trade War Escalates Further
US President Trump decided last week to escalate the trade he started with China by announcing a 10% tariff on $300 billion worth of Chinese imports starting September 1st 2019. This would essentially tariff all Chinese imports to the US and sources claim that he acted against the recommendation of his top advisors. After Trump announced his decision, market entered a risk-off mood as traders awaited the Chinese response. It was delivered yesterday and send US equity markets into their worst sell-off of 2019 with the Dow Jones at one point almost off by 1,000 points.

China allowed its Yuan to breach the coveted 7 mark to the upside against the US Dollar in a sign that the world’s second largest economy sees no end to the trade war. Trump, in his usual manner, took to Twitter and tweeted “China dropped the price of their currency to an almost a historic low. It’s called ‘currency manipulation.’ Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!” While the Yuan took the headlines in the forex market, this was only one part of the Chinese response to Trump’s new tariff.

The Chinese government directed companies to stop purchasing US agricultural goods and also noted that it may apply tariffs on all imports dating back to August 3rd 2019, the day Trump announced the new tariff on Chinese imports. Chris Krueger from Cowen Inc. summed up this move by adding “While there were measures that could have been chosen with larger direct effects on supply chains, the announcements from Beijing represent a direct shot at the White House and seem designed for maximum political impact. We expect a quick (and possibly intemperate) response from the White House, and consequently expect a more rapid escalation of trade tensions.” This has additionally increased expectations that the US Fed will cut interest rates again in September.

Is now the time to sell the US Dollar as the US Fed may feel forced to cut interest rates further while the US economy will accelerate its slowdown? The global economy is heading towards a global recession as US President Trump is waging his trade war which will now have a bigger direct negative impact on US consumers. Follow the PaxForex Daily Fundamental Analysis now, where you earn more pips per trade!

After the Chinese government allowed the Yuan to move past the 7 mark, investors are now wondering if China will dump some of its US Treasuries in order to retaliate against Trump’s tariffs. Stephen Roach of Yale noted “Most people didn’t think they’d use the currency weapon and they’ve used that, and used it surgically. So conceivably, they might consider other options, and you can’t rule out the Treasuries option. “ China has started to shrink its holdings which are likely to fall further. Sebastien Galy, Senior Macro Strategist at Nordea Investment Funds, noted “Once China doesn’t show up in the direct auction bids, the U.S. Treasury will know it. And their bids via indirect bids, through the banks, if China doesn’t show up, the banks will know it immediately.” The US-China trade war escalates further, but here are three trades to boost your profitability!

Forex Profit Set-Up #1; Buy AUDUSD - D1 Time-Frame

The Australian Dollar remains the top Yuan proxy currency and with US President Trump attempting to force his own central bank to slash interest rates further, the AUDUSD is poised to enter a short-covering rally. Price action is currently depleting bearish momentum inside of its horizontal support area from where a breakout is expected. This would clear the path to the upside until the AUDUSD can challenge its next horizontal resistance level and extend its rally into its primary descending resistance level. Forex traders are recommended to spread their buy orders inside of its horizontal resistance area.



The CCI is trading in extreme oversold conditions, but started to recover and is now on its way to complete a breakout above the -100 mark which is anticipated to attract the next wave of buy orders. Open your PaxForex Trading Account now and join our fast growing community of profitable forex traders!

Forex Profit Set-Up #2; Sell USDZAR - D1 Time-Frame

With the US Dollar facing a combination of headwinds, forex traders are anticipated to reduce their exposure. The USDZAR started to lose bullish momentum after price action was rejected by its horizontal resistance area, enforced by its primary descending resistance level. This currency pair is now favored to accelerate to the downside until it can test the strength of its next horizontal support level. Selling any rallies in the USDZAR into the upper band of its horizontal resistance area remains the favored trading approach.



The CCI is trading in extreme overbought territory, but off of its most recent intra-day high. This momentum indicator is now expected to plunge below 100 which is likely to accelerate the sell-off. Download your PaxForex MT4 Trading Platform and find out why more forex traders every day prefer to grow their balance at PaxForex!

Forex Profit Set-Up #3; Buy LTCUSD - D1 Time-Frame

Cryptocurrencies offer a great way to diversify into an asset class which is not as inter-connected to the rest of the global financial system as other options. LTCUSD has bounced off of the upper band of its horizontal support area which resulted in a sharp increase in bullish momentum. Price action has been guided higher by its secondary ascending support level and is now anticipated to complete a breakout above its secondary descending resistance level. This would allow LTCUSD to extend its rally until it will reach its primary descending resistance level.



The CCI briefly spiked into extreme overbought conditions, but has since reversed while remaining in bullish territory. This momentum indicator is now expected to once again accelerate to the upside. Subscribe to the PaxForex Daily Forex Technical Analysis where you can reap the easy profits as a result of the hard work of our expert analysts!

Analysis of USDCHF 6.08.2019

https://paxforex.com/forex-analysis/USDCHF-6-08-2019

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.9690
• Take Profit Level: 0.9600 (90 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9770
• Take Profit Level: 0.9800 (30 pips)


GOLD
A possible long position at the breakout of the level 1420.00

USDJPY
A possible long position at the breakout of the level 106.80

EURUSD
A possible long position at the breakout of the level 1.1250

GBPUSD
A possible long position at the breakout of the level 1.2210

How Currencies’ Prices Affect The Stock Market?

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The currency market and stock market are playing a key role in international business all over the world. It is necessary to understand the relationship between both markets so that the investors may be able to invest in a better way by taking the minimum risk. One issue with using global equity markets to make forex trading decisions is figuring out which leads which. Many factors move the stock market, but the strength of a country’s currency can have a surprisingly large bearing. Rising currencies may serve to help share prices in one country and hinder them in another. It largely depends on where companies in a country make their money – home or abroad. 

Foreign currency rates have a direct impact on the price and value of stocks in foreign countries, and changes in exchange rates will increase or decrease the cost of doing business in a country, which will affect the price of stocks of companies doing business abroad. While long-term movements in exchange rates are affected by fundamental market forces of supply and demand and purchase price parity, short-term movements are driven by news, events and futures trading and are difficult to predict. Domestic investors invest more in the domestic market when there is an increase in prices of assets which in turn increase the demand for local currency and also increase the behavior of selling foreign assets.   

The increase in demand for local currency will force the interest rates to become higher which will ultimately attract the foreign investors to invest and gain maximum benefit. The exchange rate of the local currency will appreciate against foreign currency and will show a negative relationship. Traditional approach advocates that there is a positive relationship between the stock market and exchange market and the causality runs from exchange rate to the stock market. It suggests that a positive relationship between stock prices and exchange rates exists when local currency depreciates and local firms become more competitive which leads to an increase in their exports. This will result in an ultimate increase in stock prices.   

When you own shares from other countries around the globe, the diversification benefits come mainly from your currency exposure. Investments made in the U.S. are denominated in dollars, but unless you are hedging out the currency risk, owning international stocks means you are also subject to fluctuations in local currencies when converting back into dollars. When the dollar is strong, U.S. stocks tend to outperform international equities. And when the dollar is weak, international stocks tend to outperform. This is all from the perspective of a U.S.-based investor, and the relationships would be reversed for a foreign investor in U.S. stocks.   

As a currency trader, it is always good to look for correlations between other financial markets. These links can effectively indicate the price direction, which is useful when it comes to making trading decisions. As a trader, you need to remember that there is no such thing as a fixed correlation. Over time, economic circumstances can change which can alter existing correlations. Stock markets and currency markets tend to react in a fairly stable manner to something like interest rate adjustments at this moment in time. However, as economic events unfold nothing is stopping this change.

Analysis of EURAUD 7.08.2019

https://paxforex.com/forex-analysis/EURAUD-7-08-2019

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.6800
• Take Profit Level: 1.6900 (100 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.6600
• Take Profit Level: 1.6550 (50 pips)



USDJPY
A possible short position in the breakdown of the level 105.80

EURUSD
A possible long position at the breakout of the level 1.1220

USDCHF
A possible short position in the breakdown of the level 0.9730

GBPUSD
A possible short position in the breakdown of the level 1.2120

Gold Fundamental Analysis – August 7th 2019

https://paxforex.com/forex-fundamental-analysis/gold-august-7th-2019

The price of Gold is marching higher as trade tensions are escalating between the US and China. Following the announcement of new tariffs by the US, China has pulled out of the US agricultural market in a precision strike against Trump’s economic aggression. Trade tensions are only expected to worsen from here with some analysts pointing out that President Trump needs to get the trade war going as it boosts his political capital with the base of the Republican voters. How much more upside does Gold possess? Subscribe to the PaxForex Daily Fundamental Analysis today where you can grow your balance trade-by-trade.

Economic data around the globe is pointing towards a steeper slowdown than many economists anticipated. The US-China trade war is not the only one brewing as Japan and South Korea are locked into an escalating trade war of their own. As the global economy is inching closer to a recession, is now the time to hedge your forex portfolio with Gold? Today’s fundamental analysis will explore how much more upside this precious metal has left and what the downside risks are.

Here are the key factors to keep in mind today for Gold trades:

New Zealand QV House Prices: New Zealand QV House Prices for July increased by 2.2% annualized. Forex traders can compare this to New Zealand QV House Prices for June which increased by 2.0% annualized.
Australian AiG Performance of Construction Index: The Australian AiG Performance of Construction Index for July was reported at 39.1. Forex traders can compare this to the Australian AiG Performance of Construction Index for June which was reported at 43.0.
Japanese Official Reserve Assets: Japanese Official Reserve Assets for July were reported at $1,316.5B. Forex traders can compare this to Japanese Official Reserve Assets for June which were reported at $1,322.3B.
Australian Home Loans and Investment Lending: Australian Home Loans for June increased by 0.4% monthly. Economists predicted an increase of 0.5% monthly. Forex traders can compare this to Australian Home Loans for May which decreased by 0.4% monthly. Australian Investment Lending for June increased by 0.5% monthly and the Owner-Occupier Loan Value increased by 2.4% monthly. Economists predicted an increase of 0.5% and a decrease of 1.0%. Forex traders can compare this to Australian Investment Lending for May which decreased by 1.9% monthly and to Owner-Occupier Loan Value which decreased by 3.0% monthly.
Reserve Bank of New Zealand Interest Rate Announcement: The Reserve Bank of New Zealand cut interest rates by 50 basis points to 1.00%. Economists predicted a 25 basis point interest rate cut to 1.25%. Forex traders can compare this to Reserve Bank of New Zealand previous interest rate announcement were rates remained unchanged at 1.50%.
German Industrial Production: German Industrial Production for June decreased by 1.5% monthly and by 5.2% annualized. Economists predicted a decrease of 0.5% monthly and of 3.1% annualized. Forex traders can compare this to German Industrial Production for May which increased by 0.3% monthly and which decreased by 3.7% annualized.
Swiss UBS Real Estate Bubble Index: The Swiss UBS Real Estate Bubble Index for the second-quarter was reported at 0.78. Forex traders can compare this to the Swiss UBS Real Estate Bubble Index for the first-quarter which was reported at 0.80.
French Trade Balance and French Current Account Balance: The French Trade Balance for June is predicted at -€4.00B. Forex traders can compare this to the French Trade Balance for May which was reported at -€3.30B. The French Current Account Balance for June is predicted at -€0.56B. Forex traders can compare this to the French Current Account Balance for May which was reported at €0.30B.
UK Halifax House Price Index: The UK Halifax House Price Index for July is predicted to increase by 0.3% monthly and by 4.4% tri-monthly annualized. Forex traders can compare this to the UK Halifax House Price Index for June which decreased by 0.3% monthly and which increased by 5.7% tri-monthly annualized.
Chinese FX Reserves: Chinese FX Reserves for July are predicted at $3.110T. Forex traders can compare this to Chinese FX Reserves for June which were reported at $3.119T.
Canadian Ivey PMI: The Canadian Ivey PMI for July is predicted at 53.0. Forex traders can compare this to the Canadian Ivey PMI for June which was reported at 52.4.
US Consumer Credit: US Consumer Credit for June is predicted at $16.500B. Forex traders can compare this to US Consumer Credit for May which was reported at $17.086B.
Should price action for Gold remain inside the or breakout above the 1,472.00 to 1,489.90 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1,485.50
Take Profit Zone: 1,590.10 – 1,619.85
Stop Loss Level: 1,456.50
Should price action for Gold breakdown below 1,472.00 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1,452.50
Take Profit Zone: 1,357.80 – 1,381.60
Stop Loss Level: 1,485.50
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Get your PaxForex MetaTrader4 login today and join our fast growing community of profitable forex traders!

USDJPY Fundamental Analysis – August 8th 2019

https://paxforex.com/forex-fundamental-analysis/usdjpy-august-8th-2019

Financial markets remain under a high degree of volatility with forex traders zoomed in on the People Bank of China and where it sets the Yuan rate, which for the first time was placed above the key 7.00 mark. While US president Trump is using Twitter to express his anger and claim victory is near, China reported a surprise increase in exports which saw its trade surplus swell further. The USDJPY came under more selling pressure, will bears force a breakdown below support or will bulls hold their ground? Follow the PaxForex Daily Fundamental Analysis and take the profitable side of this trade!

Here are the key factors to keep in mind today for US Dollar trades:

US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of August 3rd are predicted at 215K and US Continuing Claims for the week of July 27th are predicted at 1,690K. Forex traders can compare this to US Initial Jobless Claims for the week of July 27th which were reported at 215K and to US Continuing Claims for the week of July 20th which were reported at 1,699K.
US Inventories: US Preliminary Wholesale Inventories for June are predicted to increase by 0.2% monthly and US Preliminary Retail Inventories are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Inventories for May which increased by 0.2% monthly and to US Retail Inventories which increased by 0.1% monthly.
Japan reported a bigger-than-expected trade surplus despite the US-China trade war as well as the one it wages with South Korea. Did Japan export more June as it saw rising issues and weaker demand moving forward? The Japanese Eco Watchers Survey for July decreased further with a depressed outlook. How will the Bank of Japan react to a strengthening Japanese Yen as forex traders flock to safe havens? Today’s fundamental analysis will take a look at price action in the USDJPY in both directions.

Here are the key factors to keep in mind today for Japanese Yen trades:

Japanese Housing Loans: Japanese Housing Loans for the second-quarter increased by 2.2% annualized. Forex traders can compare this to Japanese Housing Loans for the first-quarter which increased by 2.4% annualized.
Japanese Current Account Balance and Trade Balance: The Preliminary Japanese Current Account Balance for June was reported at ¥1,211.2B. Economists predicted a figure of ¥1,174.4B. Forex traders can compare this to the Japanese Current Account Balance for May which was reported at ¥1,594.8B. The Preliminary Japanese Adjusted Current Account Balance for June was reported at ¥1,941.9B. Economists predicted a figure of ¥1,756.5B. Forex traders can compare this to the Japanese Adjusted Current Account Balance for May which was reported at ¥1,305.7B. The Preliminary Japanese Trade Balance for June was reported at ¥759.3B. Economists predicted a figure of ¥708.0B. Forex traders can compare this to the Japanese Trade Balance for May which was reported at -¥650.9B.
Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending August 2nd was reported at ¥286.2B and Japanese Buying Foreign Stocks was reported at ¥95.3B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending July 26th which was reported at -¥161.5B and to Japanese Buying Foreign Stocks which was reported at ¥104.1B. Foreign Buying Japanese Bonds for the period ending August 2nd was reported at ¥179.9B and Foreigners Buying Japanese Stocks was reported at -¥339.9B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending July 26th which was reported at ¥607.4B and to Foreigners Buying Japanese Stocks which was reported at ¥36.7B.
Japanese Bank Lending: Japanese Bank Lending including Trusts for July increased by 2.3% annualized and Japanese Bank Lending excluding Trusts increased by 2.5% annualized. Forex traders can compare this to Japanese Bank Lending including Trusts for June which increased by 2.3% annualized and to Japanese Bank Lending excluding Trusts which increased by 2.4% annualized.
Japanese Eco Watchers Survey: The Japanese Eco Watchers Survey Current Index for July was reported at 41.2 and the Japanese Eco Watchers Survey Outlook Index was reported at 43.5. Economists predicted a figure of 43.3 and of 45.2. Forex traders can compare this to the Japanese Eco Watchers Survey Current Index for June which was reported at 44.0 and to the Japanese Eco Watchers Survey Outlook Index which was reported at 45.8.
Should price action for the USDJPY remain inside the or breakdown below the 105.800 to 106.450 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 106.100
Take Profit Zone: 103.750 – 104.600
Stop Loss Level: 106.650
Should price action for the USDJPY breakout above 106.450 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 106.750
Take Profit Zone: 108.400 – 109.000
Stop Loss Level: 106.450
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Is your forex investment in good hands when you are away from your trading platform? Find out today why more profitable forex traders trust PaxForex every day!

Analysis of EURZAR 8.08.2019

https://paxforex.com/forex-analysis/EURZAR-8-08-2019

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 17.0800
• Take Profit Level: 17.2200 (1400 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.7500
• Take Profit Level: 16.7000 (500 pips)



USDJPY
A possible short position in the breakdown of the level 105.50

GOLD
A possible long position at the breakout of the level 1510.00

USDCHF
A possible short position in the breakdown of the level 0.9690

EURUSD
A possible long position at the breakout of the level 1.1240

Analysis of GBPJPY 9.08.2019

https://paxforex.com/forex-analysis/GBPJPY-9-08-2019

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 128.10
• Take Profit Level: 127.00 (110 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 129.40
• Take Profit Level: 130.00 (60 pips)


GOLD
A possible long position at the breakout of the level 1511.00

USDJPY
A possible short position in the breakdown of the level 105.50

EURUSD
A possible short position in the breakdown of the level 1.1170

GBPUSD
A possible short position in the breakdown of the level 1.2090

Silver Fundamental Analysis – August 12th 2019

https://paxforex.com/forex-fundamental-analysis/silver-august-12th-2019

Forex traders will start the new trading week with a light economic calendar which showed New Zealand consumers reigned in their credit card spending for July which posted an unexpected contraction. The the Brazilian IBC-Br Economic Activity Index, expected to show a further slowdown in Latin America’s largest economy, and the US Monthly Budget Statement for July which is anticipated to show another large deficit, are the only economic releases which are likely to get any attention. Will this allow the rally in Silver, a safe haven asset, to extend? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this precious metal.

The focus will remain on the People’s Bank of China as it set the Yuan Reference Rate at 7.0211 which marked the third consecutive where the Chinese central bank set this rate north of the key 7.0000 level. Forex traders are expected to watch out for this rate on a daily basis which will dictate cross-currency flows. Since commodities are priced in US Dollars in the global market, they often enjoy an inverse relationship which means a weaker US currency will drive commodity prices higher. US President Trump is trying to force his own central bank to manipulate the US Dollar and weaken it which would further boost the price of Silver. Is another breakout imminent? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this precious metal.

SILVER TECHNICAL CHART FLASHES BUY SIGNAL
The fundamental analysis outlines clear buy signals for this previous metal and the technical chart flashes a buy signal as you can see in the video below. There is plenty of upside potential. The below video noted the previous breakout above 16.100 which took price action above 17.000, but at the end of the video you can see that this bullish move has further room to extend to the upside. We are currently seeing a pause near the 17.000 mark from where a new breakout is anticipated to materialize.


Subscribe to the PaxForex Youtube Channel, the link is under the video, and get more trading video to boost your profits!

KEY FUNDAMENTAL FACTORS FOR SILVER
Here are the key factors to keep in mind today for Silver trades:

New Zealand Credit Card Spending: New Zealand Credit Card Spending for July decreased by 0.1%monthly and increased by 1.6% annualized. Economists predicted an increase of 0.6% and of 2.2%. Forex traders can compare this to New Zealand Credit Card Spending for June which was reported flat at 0.0% monthly and which increased by 1.1% annualized.
Swiss Total Sight Deposits and Swiss Domestic Sight Deposits: Swiss Total Sight Deposits for the week of August 9th are predicted at CHF583.1B and Swiss Domestic Sight Deposits are predicted at CHF475.0B. Forex traders can compare this to Swiss Total Sight Deposits for the week of August 2nd which were reported at CHF582.7B and to Swiss Domestic Sight Deposits which were reported at CHF473.9B.
Brazilian IBC-Br Economic Activity Index: The Brazilian IBC-Br Economic Activity Index for June is predicted to increase by 0.10% monthly. Forex traders can compare this to the Brazilian IBC-Br Economic Activity Index for May which increased by 0.54% monthly.
US Monthly Budget Statement: The US Monthly Budget Statement for July is predicted at -$120.0B. Forex traders can compare this to the US Monthly Budget Statement for June which was reported at -$76.9B.
SILVER TRADING SET-UP FOR AUGUST 12TH 2019
Should price action for Silver remain inside the or breakout above the 16.600 to 17.100 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 16.850
Take Profit Zone: 18.200 – 18.600
Stop Loss Level: 16.150
Should price action for Silver breakdown below 16.600 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 16.300
Take Profit Zone: 15.150 – 15.550
Stop Loss Level: 16.600
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you hedge your forex investment properly? With volatility on the rise, it is now more important than ever to protect your balance from downside risk, find out how from PaxForex today and join one of the fastest growing trading communities in the forex market!

Yen takes advantage of trade uncertainty

https://paxforex.com/forex-fundamental-analysis/yen-takes-advantage-of-trade-uncertainty

The dollar continues to defend itself against the safe-haven yen in Monday's foreign exchange trading, as the trade dispute between China and the United States seems to have dragged on. Since no settlement is yet to be expected, the Japanese currency is confidently taking advantage, even though the holidays in Japan and Singapore have led to not very active trading.
 

POLITICAL UNCERTAINTY INTENSIFIED
Political uncertainty intensified after the US President Donald Trump said on Friday that he is not ready to make a deal with China, and even questioned the September round of trade talks.

On Monday, the dollar was negative at 7.0925 yuan after the statistics of the Chinese central bank turned out to be stronger than market expectations.
This helped dispel some fears that Beijing would use its currency as a weapon in its trade war with the United States.

A week ago, for the first time since 2008, China allowed its currency to depreciate against the dollar to 7, which, according to some, offset the imposed US tariffs. The changes put pressure on the currencies of developing countries throughout Asia and gave impetus to the growth of the Japanese yen.
Goldman Sachs cut its forecast for US economic growth over the weekend, warning that a trade deal with China was becoming increasingly unlikely before the 2020 presidential election and that the risks of a recession are thereby increasing.

This week, traders' attention will be focused on Chinese data on retail sales in July and industrial production, which will assess the impact of a long struggle with the United States on domestic trade.

Market attention will also be focused on the annual US Federal Reserve System Symposium in Jackson Hole, which will take place later this week, where investors hope to get some clarity about the future interest rate.

The US dollar fell against the yen to 105.40 level, staying near the seven-month low of 105.25 reached on Friday. The euro fell to 118.16 yen, while the EURJPY pair is near the April 2017 low.

Similarly, the pound fell to depths that have not been visited since 2016 - at around 126.69 yen and GBPJPY lost more than eight yen in just two weeks.
In addition, the pound hit a two-year low against the dollar on Friday after data showed that the UK economy unexpectedly fell in the second quarter, only reinforcing the bearish sentiment about Brexit without a deal.

Sterling was trading at $ 1.2020 - not far from the lows of January 2017.

The Australian regulator lowered its estimates for a number of major currencies, as it now expects that “nothing positive will happen” on the front of the trade, at least until the beginning of 2020. The central bank expects the dollar to be generally stable amid weakening policies of other major central banks.

Start earning on Forex >

 

FOREX TRADING RECOMMENDATIONS:

EURUSD: Buy. Entry point – 1, 1206. Take profit – 1, 1225. Stop Loss – 1, 1174.

USDCHF: Buy. Entry point – 0, 972. Take profit – 0, 9739. Stop Loss – 0, 9688.

USDJPY:  Buy. Entry point – 105, 36. Take Profit – 105, 58. Stop Loss – 104, 99.
 

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Analysis of EURJPY 13.08.2019

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The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 117.50
• Take Profit Level: 116.50 (100 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 118.30
• Take Profit Level: 118.80 (50 pips)


GOLD
A possible long position at the breakout of the level 1528.00

USDCHF
A possible short position in the breakdown of the level 0.9680

GBPUSD
A possible short position in the breakdown of the level 1.2035

USDJPY
A possible short position in the breakdown of the level 105.00

https://paxforex.com/forex-analysis/NZDUSD-15-08-2019Video Analysis of NZDUSD 15.08.2019

ANALYSIS OF NZDUSD 15.08.2019
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
 
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.6420
• Take Profit Level: 0.6380 (40 pips)
 
If the price rebound from support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.6470
• Take Profit Level: 0.6500 (30 pips)
 
 
USDCHF
A possible long position at the breakout of the level 0.9770
 
USDJPY
A possible long position at the breakout of the level 106.95
 
EURUSD
A possible short position in the breakdown of the level 1.1130
 
GBPUSD
A possible short position in the breakdown of the level 1.2040

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AUDUSD Fundamental Analysis – August 15th 2019
https://paxforex.com/sites/default/files/styles/blog_page_640/public/images/audusd_1.jpg?itok=YhzBQcHU

The Australian Dollar advanced during the Asian trading session as consumer inflation expectations rose and the labor market surprised to the upside by adding 41.4K jobs. The AUDUSD elevated from string support levels as the US Dollar is coming under more selling pressure after the 30-Year Treasury Yield dropped to a new all-time low and the 2-Year/10-Year yield curve inverted, a strong recession signal. Can price action accelerate further to the upside? Today’s fundamental analysis will analyze the upside potential in the AUDUSD as well as evaluate the downside risk.

Forex traders will get a wave of US economic data today which is expected to move the US Dollar. Retail sales will share the attention with industrial and manufacturing production data. Did the US consumer continue to borrow and support the economy in the wake of the US-China trade war? The US bond market flashed its first recession signal since 2015 as the economy is cooling around the globe. How much longer can the US Dollar attract safe haven investors? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this AUDUSD trade!

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KEY FUNDAMENTAL FACTORS FOR THE AUDUSD
Here are the key factors to keep in mind today for Australian Dollar trades:

Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for August increased by 3.5% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for July which increased by 3.2% annualized.
Australian Employment Report: The Australian Employment Change for July was reported at 41.4K. Economists predicted a figure of 14.0K. Forex traders can compare this to the Australian Employment Change for June which was reported at 0.5K. The Unemployment Rate for July was reported at 5.2%. Economists predicted a reading of 5.2%. Forex traders can compare this to the Unemployment Rate for June which was reported at 5.2%. 34.5K Full-Time Positions and 6.7K Part-Time Positions were created in July. Forex traders can compare this to the creation of 21.0K Full-Time Positions and to the loss of 23.3K Part-Time Positions which were reported in June. The Labor Force Participation Rate for July was reported at 66.1%. Economists predicted a reading of 66.0%. Forex traders can compare this to the Labor Force Participation Rate for June which was reported at 66.0%.
RBA FX Transactions: RBA FX Transactions for July were reported at A$837M. Forex traders can compare this to RBA FX Transactions for June which were reported at A$1,478M. RBA FX Government Transactions for July were reported at -A$961M and RBA FX Other Transactions were reported at A$4,377M. Forex traders can compare this to RBA FX Government Transactions for June which were reported at -A$1,546 and to RBA FX Other Transactions which were reported at A$3,845M.
Chinese New Home Prices: Chinese New Home Prices for July increased by 0.59% monthly. Forex traders can compare this to Chinese New Home Prices for June which increased by 0.66% monthly.
Here are the key factors to keep in mind today for US Dollar trades:

US Empire Manufacturing Index: The US Empire Manufacturing Index for August is predicted at 1.9. Forex traders can compare this to the US Empire Manufacturing Index for July which was reported at 4.3.
US Non-Farm Productivity and Unit Labor Costs: Preliminary US Non-Farm Productivity for the second-quarter is predicted to increase by 1.4% quarterly and Unit Labor Costs are predicted to increase by 1.8% quarterly. Forex traders can compare this to US Non-Farm Productivity for the first-quarter which increased by 3.4% quarterly and to Unit Labor Costs which decreased by 1.6% quarterly.
US Philadelphia Fed Business Outlook: The Philadelphia Fed Business Outlook for August is predicted at 10.0. Forex traders can compare this to the Philadelphia Fed Business Outlook for July which was reported at 21.8.
US Advanced Retail Sales: US Advanced Retail Sales for July are predicted to increase by 0.3% monthly and Retail Sales Less Autos are predicted to increase by 0.4% monthly. Forex traders can compare this to US Advanced Retail Sales for June which increased by 0.4% monthly and to Retail Sales Less Autos which increased by 0.4% monthly. Retail Sales Less Autos and Gas for July are predicted to increase by 0.5% monthly and Retail Sales Control Group are predicted to increase by 0.4% monthly. Forex traders can compare this to Retail Sales Less Autos and Gas for June which increased by 0.7% monthly and to Retail Sales Control Group which increased by 0.7% monthly.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of August 10th are predicted at 212K and US Continuing Claims for the week of August 3rd are predicted at 1,685K. Forex traders can compare this to US Initial Jobless Claims for the week of August 3rd which were reported at 209K and to US Continuing Claims for the week of July 27th which were reported at 1,684K.
US Industrial Production and Manufacturing Production: US Industrial Production for July is predicted to increase by 0.1% monthly and Manufacturing Production is predicted to decrease by 0.3% monthly. Forex traders can compare this to US Industrial Production for June which was reported flat at 0.0% monthly and to Manufacturing Production which increased by 0.4% monthly. Capacity Utilization for July is predicted at 77.8%. Forex traders can compare this to Capacity Utilization for June which was reported at 77.9%.
US NAHB Housing Market Index: The US NAHB Housing Market Index for August is predicted at 66. Forex traders can compare this to the US NAHB Housing Market Index for July which was reported at 65.
US Business Inventories: US Business Inventories for June are predicted to increase by 0.1% monthly. Forex traders can compare this to US Business Inventories for May which increased by 0.1% monthly.
Should price action for the AUDUSD remain inside the or breakout above the 0.6745 to 0.6815 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6780
Take Profit Zone: 0.7020 – 0.7080
Stop Loss Level: 0.6735
Should price action for the AUDUSD breakdown below 0.6745 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6735
Take Profit Zone: 0.6565 – 0.6635
Stop Loss Level: 0.6780
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Make sure to check your inbox for your MetaTrader4 login information so that you can be on your way to start your profitable forex career at PaxForex with the help of our expert analysts.

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Gold Fundamental Analysis – August 16th 2019
https://paxforex.com/forex-fundamental-analysis

https://paxforex.com/sites/default/files/styles/blog_page_640/public/gold4.jpg?itok=NhSE4C3_

Gold prices extended their sharp rally and the breakout above the psychological $1,500 mark has further enhanced bullish sentiment. Economic data out of Asia offered more recession signals for the global economy. The New Zealand Business Manufacturing PMI slid into contractionary territory below 50 with a downward revision to the previous month. While the Singapore trade surplus for July came in higher than expected, on an annualized basis it is contracting with non-oil exports slumping. The Hong Kong riots are also darkening the overall economic outlook for Asian economies. Will gold be able to extend its rally? This morning’s fundamental analysis will take a look at the next resistance level for this precious metal as well as the downside risk for a potential short-term sell-off due to profit taking.

Trade data out of the Eurozone will be next for forex traders and economists expect the surplus to shrink as global trade is slowing. The US inverted yield curve is flashing a recession signal for the US with German banks amongst the Eurozone weakest financial institutions. Housing data out of the US is anticipated to show a recovery after an overall weak year, but consumers extended their purchases as indicated by yesterday’s retail sales data. Consumer confidence data will offer the final economic data point for this trading week. How will this impact price action in Gold? Subscribe to the PaxForex Daily Fundamental Analysis and join our fast growing community of profitable forex traders!

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KEY FUNDAMENTAL FACTORS FOR GOLD
Here are the key factors to keep in mind today for Gold trades:

New Zealand Business Manufacturing PMI: The New Zealand Business Manufacturing PMI for July was reported at 48.2. Forex traders can compare this to the New Zealand Business Manufacturing PMI for June which was reported at 51.1.
Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending August 9th was reported at ¥173.1B and Japanese Buying Foreign Stocks was reported at ¥62.0B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending August 2nd which was reported at ¥292.0B and to Japanese Buying Foreign Stocks which was reported at ¥95.3B. Foreign Buying Japanese Bonds for the period ending August 9th was reported at ¥545.5B and Foreigners Buying Japanese Stocks was reported at -¥187.0B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending August 2nd which was reported at ¥179.9B and to Foreigners Buying Japanese Stocks which was reported at -¥339.9B.
Singapore Trade Balance: The Singapore Trade Balance for July was reported at $2.830B. Forex traders can compare this to the Singapore Balance for June which was reported at $2.450B. Non-Oil Exports for July increased by 3.7% monthly and decreased by 11.2% annualized. Economists predicted an increase of 2.7% and a decrease of 15.2%. Forex traders can compare this to Non-Oil Exports for June which decreased by 7.8% monthly and by 17.4% annualized.
New Zealand Non Resident Bond Holdings: New Zealand Non Resident Bond Holdings for July were reported at 51.7%. Forex traders can compare this to New Zealand Non Resident Bond Holdings for June which were reported at 50.3%.
Eurozone Trade Balance: The Eurozone Trade Balance for June is predicted at €16.3B. Forex traders can compare this to the Eurozone Trade Balance for May which was reported at €23.0B.
US Housing Starts and Building Permits: US Housing Starts for July are predicted to increase by 0.2% monthly at 1,255K starts and Building Permits are predicted to increase by 3.1% monthly to 1,270K permits. Forex traders can compare this to US Housing Starts for June which decreased by 0.9% monthly to 1,253K starts and to Building Permits which decreased by 6.1% monthly to 1,220K permits.
US Michigan Consumer Sentiment: Preliminary US Michigan Consumer Sentiment for August is predicted at 97.2. Forex traders can compare this to US Michigan Consumer Confidence for July which was reported at 98.4. Preliminary Current Conditions for August are expected at 110.4 and Preliminary Expectations are predicted at 89.0. Forex traders can compare this to Current Conditions for July which were reported at 110.7 and to Expectations which were reported at 90.5.
Should price action for Gold remain inside the or breakout above the 1,507.85 to 1,527.65 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1,516.50
Take Profit Zone: 1,590.10 – 1,619.85
Stop Loss Level: 1,500.85
Should price action for Gold breakdown below 1,507.85 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1,494.00
Take Profit Zone: 1,457.70 – 1,472.00
Stop Loss Level: 1,507.85
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you hedge your forex trading account properly and protect it from downside risk? Find out how to properly secure your forex investment at PaxForex where you can grow your portfolio trade-by-trade!

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https://paxforex.com/forex-analysis/NZDSGD-19-08-2019

Video Analysis of NZDSGD 19.08.2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/nzdsgd-19-08-19en.jpg?itok=bzSqxLFf

ANALYSIS OF NZDSGD 19.08.2019
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
 
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.8875
• Take Profit Level: 0.8820 (55 pips)
 
If the price rebound from support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.8900
• Take Profit Level: 0.8930 (30 pips)
 
 
USDCHF
A possible long position at the breakout of the level 0.9810
 
USDJPY
A possible long position at the breakout of the level 106.50
 
EURUSD
A possible short position in the breakdown of the level 1.1080
 
GBPUSD
A possible short position in the breakdown of the level 1.2120

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The Reliability in all assets in the market
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Video Analysis of USDCAD 20.08.2019

https://paxforex.com/forex-analysis/USDCAD-20-08-2019


https://paxforex.com/sites/default/files/styles/blog_page_640/public/usdcad-20-08-19en.jpg?itok=LKhcVNal

ANALYSIS OF USDCAD 20.08.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.3345
• Take Profit Level: 1.3425 (80 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.3300
• Take Profit Level: 1.3270 (30 pips)



USDJPY
A possible short position in the breakdown of the level 106.30

GOLD
A possible long position at the breakout of the level 1505.00

USDCHF
A possible short position in the breakdown of the level 0.9790

EURUSD
A possible short position in the breakdown of the level 1.1070

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The Reliability in all assets in the market
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USDCAD Fundamental Analysis – August 21st 2019


https://paxforex.com/sites/default/files/styles/blog_page_640/public/usdcad2.jpg?itok=SOQk-TV1
A relatively quiet trading day as far as fundamental data is concerned, forex traders will eagerly await minutes from the last FOMC meeting where the US central bank cut interest rates by 25 basis points. The US Dollar remained at elevated levels and with markets pricing in more interest rate cut, can the current strength continue or should forex traders prepare for a sell-off? Existing home sales out of the US could also move price action as the housing market, a prime source for the consumer wealth effect which drives spending, has been overall weak. What does this mean for the USDCAD? Today’s fundamental analysis will cover the upside potential as well as downside risk of this currency pair.

Will the Bank of Canada join the chorus of central banks which cut interest rates? Canada’s economy is heavily dependent on commodity exports, but has so far benefited from the rally in precious metals which offset the drop in oil prices. Inflationary pressures remain well anchored and today’s CPI report is anticipated to show a small increase for July, partially reversing June’s surprise deflationary reading. Can the Canadian Dollar rally or will forex traders push for a breakout in the USDCAD? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this trade!

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KEY FUNDAMENTAL FACTORS FOR THE USDCAD
Here are the key factors to keep in mind today for US Dollar trades:

US Existing Home Sales: US Existing Home Sales for July are predicted to increase by 2.5% monthly to 5.40M. Forex traders can compare this to US Existing Home Sales for June which decreased by 1.7% monthly to 5.27M.
FOMC Minutes: The US Federal Reserve will release minutes from its last meeting today and forex traders will look for any potential change in the wording used which could give insight to future monetary policy adjustments. After the central bank delivered one 25 basis point interest rate cut, markets have priced in more and today’s minutes could give clarity on how the FOMC may act during it’s next meeting where another 25 basis point interest rate cut is priced in.
Here is the key factor to keep in mind today for Canadian Dollar trades:

Canadian CPI: The Canadian CPI for July is predicted to increase by 0.2% monthly and by 1.7% annualized. Forex traders can compare this to the Canadian CPI for June which decreased by 0.2% monthly and which increased by 2.0% annualized. The Canadian Core CPI for July is predicted to increase by 1.8% annualized. Forex traders can compare this to the Canadian Core CPI for June which increased by 1.8% annualized. The Core CPI-Median for July is predicted to increase by 2.0% annualized and the Core CPI-Trim is predicted to increase by 2.1% annualized. Forex traders can compare this to the Core CPI-Median for June which increased by 2.1% annualized and to the Core CPI-Trim which increased by 2.2% annualized.
Should price action for the USDCAD remain inside the or breakdown below the 1.3280 to 1.3345 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.3300
Take Profit Zone: 1.3015 – 1.3090
Stop Loss Level: 1.3355
Should price action for the USDCAD breakout above 1.3345 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.3380
Take Profit Zone: 1.3430 – 1.3500
Stop Loss Level: 1.3345
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. FX trading cooperation between traders and brokers is key to managing a successful portfolio, find out how PaxForex helps its traders to unlock their full potential!

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Bitcoin - Forex Combo Strategy: The Lightning Network
https://paxforex.com/forex-blog/bitcoin-forex-combo-strategy-the-lightning-network

https://paxforex.com/sites/default/files/styles/blog_page_640/public/btcusd-ln00.png?itok=agAvO475

Welcome back traders to this week’s exciting edition of the Bitcoin - Forex Combo Strategy. Bitcoin has struggled to extend its bounce off of support and traders as well as hodlers should prepare for the potential of more downside. The three lower highs offered a strong bearish signal and the $8,870 - $9,927 support area will be key to watch. A breakout below this could lead to a faster descend to $6,550 as I have mentioned during last week’s edition “Bitcoin - Forex Combo Strategy: Regulated Ripple”. Overall I remain bullish on Bitcoin, but a bit of caution is warranted. So far support levels have held and remain well bid.

As geopolitical tension rise and the global economy slows, traders and investors seek safe havens and Bitcoin is carving out its very own sport amongst this asset class. It joins gold and silver from the commodity sector and the Japanese Yen as well as Swiss Franc from the forex market. I have mentioned on numerous occasions that Bitcoin should be compared to gold and some started to refer to it as “Digital Gold”. While Bitcoin was initially created to compete as a remittance tool, it has since proven better as a store of value. Look at it this way: It’s great to have gold, but you wouldn’t use it to pay for groceries or to pay bills. The same is true for Bitcoin.

Before diving in today’s topic of the Lighting Network, Bitcoin’s attempt to be less like gold and more like a currency, let’s take a quick look at my cryptocurrency portfolio. I hodl 500 Bitcoin at an average entry price of $8,500, 40,000,000 Ripple at an average entry price of $0.3388 and 20,000 Litecoin which I bought at $77.00. Bitcoin has struggled, but Ripple is under intense selling pressure after descending below its ascending triangle formation. Litecoin has joined the major coins to the downside, but overall I believe that we will see a move higher after touching major support levels. The three charts below show my Bitcoin, Ripple and Litecoin holdings.







LIGHTNING NETWORK EXPLAINED
One reason why Bitcoin is not great for transactions is because it takes too long and is too expensive. This was one of the primary reasons for the hard fork which created Bitcoin Cash. On average, Bitcoin can process 7 transactions per second. You can compare this to Visa which can process 65,000 transactions per second. There is a big scalability issue with Bitcoin which resulted in the launch of the Lightning Network. In theory, it was supposed to address the time and costs of sending Bitcoin from wallet to wallet. With the rise in popularity of micro-payments, Bitcoin decided to act.

The Lightning Network is basically a set of rules on top of the Bitcoin blockchain in order to facilitate micro-payments. The idea was first introduced in 2015 and development has started the same year. The idea was that small transactions such as micro-payments don’t need to be recorded on the main blockchain. These off-chain transactions are enabled through payment channels which are created between two wallets and the funds are transferred instantly and without fees. Once all the micro-payments are concluded, one final on-chain transaction is executed and all previous transactions are settled.


The Lightning Network Explained (Litecoin/Bitcoin)
8:14
The Lightning Network requires both parties to deposit a security deposit before using the payment channel. The deposit needs to be equal to or larger than the total amount which intends to be transacted. For example, if the total amount of micro-transactions will total 1 Bitcoin, both partied will make a security deposit of 0.5 Bitcoin each. This is the only transaction which will be recorded on the Bitcoin blockchain. All micro-payments can now flow in the payment channel without fees and are settled instantly. In order to discourage fraud, there is a harsh anti-fraud mechanism in place which sends the deposit from the fraudulent party to the counter-party.

THE LIGHTNING NETWORK DOES NOT SCALE
While the Lightning Network was deployed as a second layer on top of the regular Bitcoin blockchain in order to address scalability issues, opponents of it claim that it doesn’t scale and is very limited. Those limitations are set to increase as the network grows and one of the biggest issues remains routing of transactions. Even Lightning Network’s own 57 page White Paper mentioned routing in one paragraph without outlining how it will address this issue. A separate report by research company Bitfury on the topic of routing consisted of 38 pages. Either way, the total amount of users appears to be limited to just 100,000. So if the Lightning Network doesn’t scale, what does it do and is it even necessary to have?


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LIGHTNING FAILS TO STRIKE
The Lightning Network is still relatively small with $8 million worth of Bitcoin capacity and is currently home to about 830 Bitcoin. User “LNBIG” accounts for 40% of all capacity, but claims he only earns about $20 per month for locking over 336 Bitcoin away in the network. This raises centralization issues with the network and therefore once again with Bitcoin. “LNBIG” operates roughly 1,800 payment channels, but started to close inactive channels. He noted that “When you open a lot of channels, everyone scolds you that you are capturing the network. When you close, there are also concerns.”

Bitcoin - Forex Combo Strategy: The Lightning Network
Costs remain an issue as well. According to “LNBIG’ the costs of operating and maintaining the payment channels result in monthly fess of roughly $1,000. He states that he earns between 5,000 - 10,000 Satoshis per day. Some argue that in order for the Lightning Network to work, off-chain fees need to be as high as on-chain fees. Currently is appears that off-chain fees do not cover on-chain fees. In this case, the cost problem remains the same as with on-chain Bitcoin transactions. The only benefit from the Lightning Network would then be speed.


Lightning Fails to Strike (Again)
27:39
Since collateral is required to be locked into the Lightning Network to function, some has labeled it as 100% reserve banking. According to Cornell’s Sirer, the required collateral has rendered the Lightning Network economically broken. He stated that “The first and biggest problem is that it has limited capacity. The capacity of that network is unknown, despite so many years of noise around it, nobody has actually gone and done a scientific study. That emergent capacity is going to depend on the credit relationship between people and we don’t know what that’s going to be like. In that future world where they wanna do that, LN really takes off, a lot of coins are going to be tied into these payment channels.”

FOREX PORTFOLIO UPDATES
It’s time to take a look at my dynamic forex portfolio which as you all know by now provides the funds for my cryptocurrency trades. On August 16th 2019 I closed my 200 lots EURGBP short position at 0.9100 for a profit of 100 pips or $249,900. On August 19th 2019 I closed my 200 lots long position in the GBPUSD at 1.2145 for a profit of 100 pips or $200,000. My 100 lots long position in Silver which I took on July 26th 2019 at 16.400 for a margin requirement of $82,240 with a pip value of $5,000 remains open and unchanged. I added to my 200 lots long position in the EURUSD which I entered in August 14th 2019 at 1.1170 for margin requirement of $44,721 with a pip value of $2,000 by buying 400 lots at 1.1070 on August 16th 2019 for a margin requirement of $88,778 with a pip value of $4,000. The four charts below show updates to my trades I discussed during last week’s update.









On August 15th 2019 I bought 200 lots in the GBPCHF at 1.1740 for a margin requirement of $48,535 with a pip vale of $2,040.19. I acted on this trading recommendation “GBPCHF Fundamental Analysis – August 15th 2019”. Yesterday on August 20th 2019 I closed this trade at 1.1915 for a profit of $357,033. The chart below shows my complete trade.



Here is the summary of my Bitcoin - Forex Combo portfolio: I hodl 500 Bitcoins worth $5,070,150, 40,000,000 Ripple worth $10,236,000 and 20,000 Litecoin worth $1,436,800 plus a total cash portfolio worth $5,120,402. In addition I have the following forex positions in my portfolio: a 100 lots Silver long position worth $420,240 and a 600 lots EURUSD long position worth $95,499. My total Bitcoin - Forex Combo portfolio is worth $22,379,091, down $692,873 from last week’s balance of $23,071,964 and off of my all time record high of $24,651,811. The correction in Bitcoin and slump in Ripple as well as Litecoin have caused my overall portfolio to shrink, but with a healthy cash balance I plan to take advantage of any further weakness. Remember not to panic and that patience is key. Grow your balance with me at PaxForex and open your own PaxForex Trading Account today. Follow my Bitcoin - Forex Combo Strategy and comment below with any questions you may have. I will be happy to help you get started!

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AUDJPY Fundamental Analysis – August 22nd 2019

The Australian Dollar hovered near support levels despite a surprise drop in the CBA Services as well as Composite PMI’s for August. This morning’s data was the latest sign that the global economy extends it slowdown which has increased hopes for more stimulus around the world. The AUDJPY pushed above its horizontal support area as bullish momentum rose. Can this breakout lead to more upside potential in this currency pair. Subscribe to the PaxForex Daily Fundamental Analysis and join one of the fastest growing trading communities in the forex market.

Further erasing bullish momentum during the Asian trading session were two economic reports out of Japan which indicated the economy is slowing. The Nikkei Manufacturing PMI clocked in below 50, indicating an extension of the contraction while the All Industry Activity Index plunged by 0.8%. The Bank of Japan has hinted that it will not tolerate a strong Japanese Yen as it hurts its export focused economy. Will forex traders rotate out of long Japanese Yen trades and how will this impact price action in the AUDJPY? This morning’s fundamental analysis will take a look in both directions.

learn more  https://paxforex.com/forex-fundamental-analysis/audjpy-august-22nd-2019

I know this is fundamental analysis so it could be relevant but what's your take on the impact, if any, of recent reports from Nikkei Asia about the Japan central bank actually backing Bitcoin? It's rare to see such admiration openly professed -- it was only a senior official to be sure, but when a central banker singling out a new class of currency's got to give hope to a flagging economy, especially when as you say, they will look to decidedly keep the yen in check.

Analysis of HOME DEPOT 29.08.2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/home-depot-29-08-19.jpg?itok=8qAWRfxt

https://paxforex.com/forex-analysis/HOME%20DEPOT-29-08-2019


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Analysis on MCDONALDS 30.08.2019

https://paxforex.com/sites/default/files/mcdonalds-30-09-18en.jpg

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 222.00
• Take Profit Level: 225.00 (300 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 219.00
• Take Profit Level: 218.00 (100 pips)



USDJPY
A possible long position at the breakout of the level 116.70

EURUSD
A possible short position in the breakdown of the level 1.1030

USDCHF
A possible long position at the breakout of the level 0.9900

GBPUSD
A possible short position in the breakdown of the level 1.2150

__

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UK Election Looms Amid Brexit Fight

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Prime Minister Boris Johnson is facing a key vote this evening in Parliament as rebels from within his own party are expected to join ranks with the opposition in order to thwart a no deal Brexit. The UK is now scheduled to leave on October 31st 2019 and PM Johnson stated that he will not ask for an extension. He vowed to deliver Brexit to the people and honor the results of the 2016 referendum where 52% voted to leave the EU. Most recent polls suggest that the number rose to 56% after Johnson took over as prime minister only a few weeks ago. The EU has so far refused to renegotiate as it awaits how much support the opposition can muster to at least rule out a no deal Brexit.

Johnson has pointed out that the ability to walk away and execute a no deal Brexit gives the UK leverage in negotiations in order to seek changes to the deal which his predecessor Theresa May brought back from Brussels and which was rejected by Parliament three times. In case this evening will see Parliament pass legislation to stop a no deal Brexit and ultimately ask for another delay, Johnson plans to call for snap election on October 14th 2019. He stated “I want everybody to know there are no circumstances in which I will ask Brussels to delay. Let’s let our negotiators get on with their work.” The British Pound came under pressure yesterday, but support levels remain intact as forex traders await the result of this evening’s motion to stop a no deal Brexit.

Read more...https://paxforex.com/forex-blog/uk-election-looms-amid-brexit-fight

Special Offer for the Labour Day 2019


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https://f.bpcdn.co/original/3X/5/0/50491b52ca3fb4d3622159b3c77a1800f2de1d95.gif

ANALYSIS OF INTEL 9.09.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 51.20
• Take Profit Level: 53.00 (180 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 50.00
• Take Profit Level: 49.50 (50 pips)

https://paxforex.com/sites/default/files/styles/blog_page_640/public/intel-9-09-19en.jpg?itok=raz3GW5c

USDJPY
A possible long position at the breakout of the level 107.20

GOLD
A possible short position in the breakdown of the level 1502.00

USDCHF
A possible long position at the breakout of the level 0.9920

GBPUSD
A possible long position at the breakout of the level 1.2255

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Video Analysis of BTCUSD 10.09.2019

https://paxforex.com/forex-analysis/BTCUSD-10-09-2019

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 10000.00
• Take Profit Level: 9300.00 (70000 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 10500.00
• Take Profit Level: 10800.00 (30000 pips)

https://paxforex.com/sites/default/files/styles/blog_page_640/public/btcusd-10-09-19en.jpg?itok=9mI7vazt
GOLD
A possible short position in the breakdown of the level 1485.00

USDJPY
A possible long position at the breakout of the level 107.50

EURUSD
A possible short position in the breakdown of the level 1.1030

GBPUSD
A possible long position at the breakout of the level 1.2385

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ANALYSIS OF JP MORGAN 11.09.2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/jpmorgan-11-09-19en.jpg?itok=bR2_wA2F
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 117.10
• Take Profit Level: 119.00 (190 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 115.50
• Take Profit Level: 115.00 (50 pips)



USDJPY
A possible long position at the breakout of the level 107.85

GOLD
A possible short position in the breakdown of the level 1483.00

USDCHF
A possible long position at the breakout of the level 0.9945

GBPUSD
A possible long position at the breakout of the level 1.2390

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https://paxforex.com/forex-analysis/JPMORGAN-11-09-2019

ANALYSIS OF SILVER 12.09.2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/silver-12-09-19en.jpg?itok=y8CCokKJ
The price above 200 MA, indicating a growing trend.
The MACD histogram is below the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 18.300
• Take Profit Level: 18.800 (500 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 17.800
• Take Profit Level: 17.600 (200 pips)



USDJPY
A possible short position in the breakdown of the level 108.20

GOLD
A possible long position at the breakout of the level 1506.00

USDCHF
A possible short position in the breakdown of the level 0.9890

GBPUSD
A possible long position at the breakout of the level 1.2350

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https://paxforex.com/forex-analysis/SILVER-12-09-2019

Analysis on GBPNZD 16.09.2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/gbpnzd-16-09-19en.jpg?itok=RcWT1PqU

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

https://paxforex.com/forex-analysis/GBPNZD-16-09-2019

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ANALYSIS OF BOEING 18.09.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 385.00
• Take Profit Level: 392.00 (700 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 374.00
• Take Profit Level: 370.00 (400 pips)

https://paxforex.com/sites/default/files/styles/blog_page_640/public/boeing-18-09-19en.jpg?itok=sKrJaiLf

USDJPY
A possible long position at the breakout of the level 108.40

EURUSD
A possible short position in the breakdown of the level 1.1035

BOEING
A possible long position at the breakout of the level 0.9965

GBPUSD
A possible long position at the breakout of the level 1.2530

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ANALYSIS OF AIG 19.09.2019

https://forum.mt5.com/customavatars/1595455788.jpg

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 57.50
• Take Profit Level: 58.50 (100 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 56.20
• Take Profit Level: 55.80 (40 pips)



USDJPY
A possible short position in the breakdown of the level 107.70

EURUSD
A possible long position at the breakout of the level 1.1065

AIG
A possible short position in the breakdown of the level 0.9900

GBPUSD
A possible long position at the breakout of the level 1.2530

Read and See more https://paxforex.com/forex-analysis/AIG-19-09-2019



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ANALYSIS OF GOLD 24.09.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1528.00
• Take Profit Level: 1555.00 (2700 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1509.00
• Take Profit Level: 1500.00 (900 pips)
https://paxforex.com/sites/default/files/styles/blog_page_640/public/gold-24-09-19en.jpg?itok=M2r0xWjk


USDJPY
A possible short position in the breakdown of the level 107.30

GOLD
A possible short position in the breakdown of the level 1.2410

USDCHF
A possible long position at the breakout of the level 0.9920

EURUSD
A possible short position in the breakdown of the level 1.0960

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Analysis of BTCUSD 25.09.2019
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 8000.00
• Take Profit Level: 7400.00 (60000 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 8700.00
• Take Profit Level: 9000.00 (30000 pips)

https://paxforex.com/sites/default/files/styles/blog_page_640/public/btcusd-25-09-19en.jpg
GOLD
A possible long position at the breakout of the level 1536.00

USDJPY
A possible long position at the breakout of the level 106.95

EURUSD
A possible short position in the breakdown of the level 1.0990

GBPUSD
A possible short position in the breakdown of the level 1.2400

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https://paxforex.com/forex-analysis/BTCUSD-25-09-2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/apple-7-10-19en.jpg


ANALYSIS OF APPLE 7.10.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 228.00
• Take Profit Level: 232.00 (400 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 223.20
• Take Profit Level: 222.00 (120 pips)



USDJPY
A possible short position in the breakdown of the level 106.60

GOLD
A possible short position in the breakdown of the level 1495.00

USDCHF
A possible short position in the breakdown of the level 0.9920

EURUSD
A possible short position in the breakdown of the level 1.0955

WHY TRADE WITH PAXFOREX?
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https://paxforex.com/forex-fundamental-analysis/usdmxn-october-9th-2019 (https://paxforex.com/forex-fundamental-analysis/usdmxn-october-9th-2019)

https://forum.mt5.com/customavatars/1707314502.png

Here are the key factors to keep in mind today for US Dollar trades:

US JOLTS Job Openings: US JOLTS Job Openings for August a predicted at 7.191M. Forex traders can compare this to US JOLTS Job Openings for September which were reported at 7.217M.
US Wholesale Inventories and Trade Sales: US Final Wholesale Inventories for August are predicted to increase by 0.4% monthly. Forex traders can compare this to previous US Wholesale Inventories for August which increased by 0.4% monthly. US Wholesale Trade Sales for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Trade Sales for July which increased by 0.3% monthly.
FOMC Minutes: The US Federal Reserve will release minutes from its last meeting today and forex traders will look for any potential change in the wording used which could give insight to future monetary policy adjustments.
Here is the key factor to keep in mind today for Mexican Peso trades:

Mexican CPI: The Mexican CPI for September is predicted to increase by 0.25% monthly and by 2.99% annualized. Forex traders can compare this to the Mexican CPI for August which was reported flat at 0.00% monthly and which increased by 3.16% annualized. The Mexican Core CPI for September is predicted to increase by 0.29% monthly. Forex traders can compare this to the Mexican Core CPI for August which increased by 0.20% monthly. The Mexican Bi-Weekly CPI for the week ending September 30th is predicted to increase by 0.10% monthly and by 2.98% annualized. Forex traders can compare this to the Mexican Bi-Weekly CPI for the week ending September 16th which increased by 0.17% monthly and by 2.99% annualized. The Mexican Bi-Weekly Core CPI for the week ending September 30th is predicted to increase by 0.09% monthly. Forex traders can compare this to the Mexican Bi-Weekly Core CPI for the week ending September 16th which increased by 0.19% monthly.
Should price action for the USDMXN remain inside the or breakdown below the 19.5050 to 19.6530 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 19.6050
Take Profit Zone: 19.1900 – 19.3185
Stop Loss Level: 19.7425
Should price action for the USDMXN breakout above 19.6530 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 19.7425
Take Profit Zone: 19.9890 – 20.2545
Stop Loss Level: 19.6530
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. There are many different forex trading strategies available, but did you know that with all of them you will earn more pips per trade at PaxForex? Sign-up now and find out for yourself!

Video Analysis of GBPJPY 11.10.2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/gbpjpy-11-10-19en.jpg?itok=cb7KrNBy

https://paxforex.com/forex-analysis (https://paxforex.com/forex-analysis)

ANALYSIS OF GBPJPY 11.10.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 134.65
• Take Profit Level: 135.65 (100 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 134.00
• Take Profit Level: 133.60 (40 pips)



USDJPY
A possible long position at the breakout of the level 108.15

GOLD
A possible short position in the breakdown of the level 1490.00

USDCHF
A possible short position in the breakdown of the level 0.9985

EURUSD
A possible short position in the breakdown of the level 1.1000

Video Analysis of GBPNZD 14.10.2019

https://paxforex.com/forex-analysis/GBPNZD-14-10-2019 (https://paxforex.com/forex-analysis/GBPNZD-14-10-2019)

https://forum.mt5.com/customavatars/1401817448.jpg


The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 2.0030
• Take Profit Level: 2.0200 (170 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.9880
• Take Profit Level: 1.9840 (40 pips)



USDJPY
A possible long position at the breakout of the level 108.60

GOLD
A possible short position in the breakdown of the level 1483.00

USDCHF
A possible long position at the breakout of the level 0.9990

EURUSD
A possible long position at the breakout of the level 1.1035

WHY TRADE WITH PAXFOREX?
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ANALYSIS OF APPLE 15.10.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
 
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 237.50
• Take Profit Level: 240.00 (250 pips)
 
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 231.60
• Take Profit Level: 230.00 (160 pips)
 
 
 
USDJPY
A possible long position at the breakout of the level 108.50
 
GOLD
A possible short position in the breakdown of the level 1487.00
 
USDCHF
A possible long position at the breakout of the level 0.9995
 
EURUSD
A possible short position in the breakdown of the level 1.1000

WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...

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https://paxforex.com/sites/default/files/styles/blog_page_640/public/apple-15-10-19en.jpg
read more.. https://paxforex.com/forex-analysis/APPLE-15-10-2019 (https://paxforex.com/forex-analysis/APPLE-15-10-2019)

ANALYSIS OF GBPAUD 16.10.2019

https://forum.mt5.com/customavatars/1076322506.jpg
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.8970
• Take Profit Level: 1.9170 (200 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.8770
• Take Profit Level: 1.8700 (70 pips)



USDJPY
A possible long position at the breakout of the level 108.90

GOLD
A possible short position in the breakdown of the level 1476.00

USDCHF
A possible long position at the breakout of the level 0.9990

EURUSD
A possible long position at the breakout of the level 1.1060

WHY TRADE WITH PAXFOREX?
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https://paxforex.com/forex-analysis/GBPAUD-16-10-2019 (https://paxforex.com/forex-analysis/GBPAUD-16-10-2019)

GBPUSD Fundamental Analysis – October 17th 2019
https://paxforex.com/sites/default/files/styles/blog_page_640/public/gbpusd55.jpg

Here is the key factor to keep in mind today for British Pound trades:

UK Retail Sales: UK Retail Sales for September are predicted to decrease by 0.1% monthly and to increase by 2.9% annualized. Forex traders can compare this to UK Retail Sales for August which decreased by 0.3% monthly and which increased by 2.2% annualized. UK Retail Sales Including Auto and Fuel for September are predicted to decrease by 0.2% monthly and to increase by 3.1% annualized. Forex traders can compare this to UK Retail Sales Including Auto and Fuel for August which decreased by 0.2% monthly and which increased by 2.7% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US Housing Starts and Building Permits: US Housing Starts for September are predicted to decrease by 3.2% monthly to 1,320K starts and Building Permits are predicted to decrease by 5.8% monthly to 1,342K permits. Forex traders can compare this to US Housing Starts for August which increased by 12.3% monthly to 1,364K starts and to Building Permits which increased by 7.7% monthly to 1,419K permits.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of October 12th are predicted at 215K and US Continuing Claims for the week of October 5th are predicted at 1,670K. Forex traders can compare this to US Initial Jobless Claims for the week of October 5th which were reported at 210K and to US Continuing Claims for the week of September 28th which were reported at 1,684K.
US Philadelphia Fed Business Outlook: The Philadelphia Fed Business Outlook for October is predicted at 7.1. Forex traders can compare this to the Philadelphia Fed Business Outlook for September which was reported at 12.0.
US Industrial Production and Manufacturing Production: US Industrial Production for September is predicted to decrease by 0.2% monthly and Manufacturing Production is predicted to decrease by 0.3% monthly. Forex traders can compare this to US Industrial Production for August which increased by 0.6% monthly and to Manufacturing Production which increased by 0.5% monthly. Capacity Utilization for September is predicted at 77.7%. Forex traders can compare this to Capacity Utilization for August which was reported at 77.9%.
Should price action for the GBPUSD remain inside the or breakout above the 1.2750 to 1.2870 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.2785
Take Profit Zone: 1.3100 – 1.3175
Stop Loss Level: 1.2700
Should price action for the GBPUSD breakdown below 1.2750 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.2700
Take Profit Zone: 1.2470 – 1.2580
Stop Loss Level: 1.2800
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Is your forex investment in good hands? Find out why more and more forex traders trust PaxForex with their portfolios!

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https://paxforex.com/forex-fundamental-analysis/gbpusd-october-17th-2019 (https://paxforex.com/forex-fundamental-analysis/gbpusd-october-17th-2019)

Is your platform focused on Forex alone? I am sorry for asking before checking it out. I will take a look at it after you will respond. It seems you are creating very long posts for people to read. And yet it seems everything has only about forex and nothing about cryptocurrency. Or have I missed something? Because if that is the case, bitcointalk is not the right place for this. This is a forum about Bitcoin and crypto and not about forex.

I think trading in a forex exchange place has a very terrible risk because when you leave the exchange place without knowing you can make a loss because the price falls and from that incident it can be concluded that many price manipulations that often occur in forex.

ANALYSIS OF JP MORGAN 18.10.2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/jpmorgan-18-10-19en.jpg
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 121.40
• Take Profit Level: 123.00 (160 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 119.00
• Take Profit Level: 118.50 (50 pips)



USDJPY
A possible long position at the breakout of the level 108.75

GOLD
A possible short position in the breakdown of the level 1484.00

USDCHF
A possible short position in the breakdown of the level 0.9865

GBPUSD
A possible long position at the breakout of the level 1.2920

WHY TRADE WITH PAXFOREX?
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Read more... https://paxforex.com/forex-analysis/JPMORGAN-18-10-2019

Analysis of BOEING 21.10.2019

https://paxforex.com/sites/default/files/boeing-21-10-19en.jpg

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
 
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 343.00
• Take Profit Level: 338.00 (500 pips)
 
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 347.50
• Take Profit Level: 349.00 (150 pips)
 
 
USDCHF
A possible short position in the breakdown of the level 0.9835
 
USDJPY
A possible long position at the breakout of the level 108.70
 
EURUSD
A possible long position at the breakout of the level 1.1180
 
GBPUSD
A possible long position at the breakout of the level 1.3010

https://paxforex.com/forex-analysis/BOEING-21-10-2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/images/nzdusd_2.jpg
NZDUSD Fundamental Analysis – October 23rd 2019
Here is the key factor to keep in mind today for New Zealand Dollar trades:

New Zealand Trade Balance: The New Zealand Trade Balance for September was reported at -NZ$1,242M monthly and at -NZ$5,210M 12-month year-to-date. Economists predicted a figure of -NZ$1,375M and of -NZ$5,254M. Forex traders can compare this to the New Zealand Trade Balance for August which was reported at NZ$1,565M monthly and at -NZ$5,484M 12-month year-to-date. Exports for September were reported at NZ$4.47B and Imports were reported at NZ$5.71B. Economists predicted a figure of NZ$4.30B and of NZ$5.70B. Forex traders can compare this to Exports for August which were reported at NZ$4.13B and to Imports which were reported at NZ$5.69B.
Here is the key factor to keep in mind today for US Dollar trades:

US House Price Index: The US House Price Index for August is predicted to increase by 0.4% monthly. Forex traders can compare this to US House Price Index for July which increased by 0.4% monthly.
Should price action for the NZDUSD remain inside the or breakout above the 0.6385 to 0.6415 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6400
Take Profit Zone: 0.6565 – 0.6615
Stop Loss Level: 0.6355
Should price action for the NZDUSD breakdown below 0.6385 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6355
Take Profit Zone: 0.6200 – 0.6240
Stop Loss Level: 0.6385
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you hedge your forex trading account properly and protect it from downside risk? Find out how to properly secure your forex investment at PaxForex where you can grow your portfolio trade-by-trade!

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ANALYSIS OF BTCUSD 24.10.2019

https://forum.mt5.com/customavatars/88914324.jpg

https://paxforex.com/forex-analysis/BTCUSD-24-10-2019 (https://paxforex.com/forex-analysis/BTCUSD-24-10-2019)

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 7250.00
• Take Profit Level: 6800.00 (45000 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 7700.00
• Take Profit Level: 8000.00 (30000 pips)


GOLD
A possible short position in the breakdown of the level 1487.00

USDJPY
A possible long position at the breakout of the level 108.80

EURUSD
A possible short position in the breakdown of the level 1.1105

GBPUSD
A possible short position in the breakdown of the level 1.2835

WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...

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Silver Fundamental Analysis – October 25th 2019
https://paxforex.com/forex-fundamental-analysis/silver-october-25th-2019

Here are the key factors to keep in mind today for Silver trades:

Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending October 18th was reported at ¥536.1B and Japanese Buying Foreign Stocks was reported at ¥42.3B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending October 11th which was reported at¥1,062.2B and to Japanese Buying Foreign Stocks which was reported at ¥48.3B. Foreign Buying Japanese Bonds for the period ending October 18th was reported at ¥127.2B and Foreigners Buying Japanese Stocks was reported at ¥522.3B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending October 11th which was reported at ¥102.8B and to Foreigners Buying Japanese Stocks which was reported at ¥508.2B.
Singapore Unemployment Rate: The Singapore Unemployment Rate for October was reported at 2.3%. Forex traders can compare this to the Singapore Unemployment Rate for September which was reported at 2.2%.
Singapore Industrial Production: Singapore Industrial Production for September increased by 3.7% monthly and by 0.1% annualized. Economists predicted an increase of 0.1% and a decrease of 4.1%. Forex traders can compare this to Singapore Industrial Production for August which decreased by 7.3% monthly and by 6.4% annualized.
German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for November is predicted at 9.8. Forex traders can compare this to the German GfK Consumer Confidence Survey for October which was reported at 9.9.
French PPI: The French PPI for September is predicted to increase by 0.3% monthly. Forex traders can compare this to the French PPI for August which was reported flat at 0.0% monthly.
German IFO: The German IFO Business Climate Index for October is predicted at 94.5. Forex traders can compare this to the German IFO Business Climate Index for September which was reported at 94.6. The German IFO Current Assessment Index for October is predicted at 98.0. Forex traders can compare this to the German IFO Current Assessment Index for September which was reported at 98.5. The German IFO Expectations Index for October is predicted at 91.0. Forex traders can compare this to the German IFO Expectations Index for September which was reported at 90.8.
US Michigan Consumer Confidence: Final US Michigan Consumer Confidence for October is predicted at 96.0. Forex traders can compare this to the previous US Michigan Consumer Confidence for October which was reported at 96.0.
Should price action for Silver remain inside the or breakout above the 17.600 to 17.950 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 17.750
Take Profit Zone: 19.250 – 19.600
Stop Loss Level: 17.150
Should price action for Silver breakdown below 17.600 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 17.150
Take Profit Zone: 15.900 – 16.300
Stop Loss Level: 17.600
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you hedge your forex trading account properly and protect it from downside risk? Find out how to properly secure your forex investment at PaxForex where you can grow your portfolio trade-by-trade!

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Analysis on TESLA MOTORS 28.10.2019

https://paxforex.com/sites/default/files/teslamotor-28-10-19en.jpg

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 330.00
• Take Profit Level: 348.00 (1800 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 317.00
• Take Profit Level: 315.00 (200 pips)



GOLD
A possible long position at the breakout of the level 1511.00

EURUSD
A possible short position in the breakdown of the level 1.1070

USDCHF
A possible long position at the breakout of the level 0.9960

GBPUSD
A possible long position at the breakout of the level 1.2865

https://paxforex.com/forex-analysis/TESLA-MOTORS-28-10-2019 (https://paxforex.com/forex-analysis/TESLA-MOTORS-28-10-2019)

EURJPY Fundamental Analysis – October 30th 2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/images/eurjpy_3.jpg

https://paxforex.com/forex-fundamental-analysis/eurjpy-october-30th-2019 (https://paxforex.com/forex-fundamental-analysis/eurjpy-october-30th-2019)

Here are the key factors to keep in mind today for Euro trades:

French GDP: The Preliminary French GDP for the third-quarter increased by 0.3% quarterly and by 1.3% annualized. Economists predicted an increase of 0.2% quarterly and of 1.3% annualized. Forex traders can compare this to the second-quarter GDP which increased by 0.3% quarterly and by 1.4% annualized.
French Consumer Spending: French Consumer Spending for September is predicted to increase by 0.1% monthly. Forex traders can compare this to French Consumer Spending for August which was reported flat at 0.0% monthly.
Italian Confidence Data: Italian Business Confidence for October is predicted at 98.5 and Italian Consumer Confidence is predicted at 111.7. Forex traders can compare this to Italian Business Confidence for September which was reported at 98.8 and to Italian Consumer Confidence which was reported at 112.2.
Preliminary Spanish CPI: The Preliminary Spanish CPI for October is predicted flat at 0.0% monthly and to increase by 0.1% annualized. Forex traders can compare this to the Spanish CPI for September which was reported flat at 0.0% monthly and which increased by 0.1% annualized. Spanish Harmonized CPI for October is predicted to increase by 0.8% monthly and by 0.2% annualized. Forex traders can compare this to the Spanish Harmonized CPI for September which increased by 0.4% monthly and by 0.2% annualized.
German Unemployment Change and German Unemployment Rate: The German Unemployment Change for October is predicted at 2K and the German Unemployment Rate at 5.0%. Forex traders can compare this to the German Unemployment Change for September which was reported at -10K and to the German Unemployment Rate which was reported at 5.0%.
Eurozone Confidence Data: Eurozone Economic Confidence for October is predicted at 101.1. Forex traders can compare this to Eurozone Economic Confidence for September which was reported at 101.7. Eurozone Industrial Confidence for October is predicted at -8.7. Forex traders can compare this to Eurozone Industrial Confidence for September which was reported at -8.8. Eurozone Services Confidence for October is predicted at 9.3. Forex traders can compare this to Eurozone Services Confidence for September which was reported at 9.5. Final Eurozone Consumer Confidence for October is predicted at -7.6. Forex traders can compare this to the previous Eurozone Consumer Confidence for October which was reported at -7.6. The Eurozone Business Climate Indicator for October is predicted at -0.23. Forex traders can compare this to Eurozone Business Climate Indicator for September which was reported at -0.22.
Preliminary German CPI: The Preliminary German CPI for October is predicted flat at 0.0% monthly and to increase by 1.1% annualized. Forex traders can compare this to the German CPI for September which was reported flat at 0.0% monthly and which increased by 1.2% annualized. The EU Harmonized German CPI for October is predicted flat at 0.0% monthly and to increase by 0.8% annualized. Forex traders can compare this to the EU Harmonized German CPI for September which decreased by 0.1% monthly and which increased by 0.9% annualized.
Here is the key factor to keep in mind today for Japanese Yen trades:

Japanese Retail Trade Data: Japanese Retail Trade for September increased by 7.1% monthly and by 9.1% annualized. Economists predicted an increase of 3.5% monthly and of 6.0% annualized. Forex traders can compare this to Japanese Retail Trade for August which increased by 4.6% monthly and by 1.8% annualized. Large Retailer’s Sales for September increased by 10.0% monthly. Economists predicted an increase of 9.4% monthly. Forex traders can compare this to Large Retailer’s Sales for August which increased by 0.3% monthly.
Should price action for the EURJPY remain inside the or breakdown below the 120.800 to 121.350 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 121.000
Take Profit Zone: 117.650 – 118.450
Stop Loss Level: 122.300
Should price action for the EURJPY breakout above 121.350 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 122.300
Take Profit Zone: 123.750 – 124.300
Stop Loss Level: 121.350
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you trade with one of the most trusted MT4 forex brokers? Sign-up with PaxForex today and join one of the fastest growing trading communities in the forex market.

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ANALYSIS OF EURZAR 31.10.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 16.9600
• Take Profit Level: 17.1500 (1900 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.7800
• Take Profit Level: 16.7300 (500 pips)

https://paxforex.com/forex-analysis/EURZAR-31-10-2019


USDJPY
A possible short position in the breakdown of the level 108.20

GOLD
A possible long position at the breakout of the level 1506.00

USDCHF
A possible short position in the breakdown of the level 0.9860

EURUSD
A possible long position at the breakout of the level 1.1180

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NZDUSD Fundamental Analysis – November 27th 2019

https://paxforex.com/forex-fundamental-analysis/nzdusd-november-27th-2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/images/nzdusd_2.jpg

The New Zealand Trade Balance showed a bigger deficit than economists expected as imports came in higher and exports rose. The New Zealand Dollar continued to push higher and the NZD/USD into its resistance level. Ongoing global economic worries, intensified by this morning’s Chinese industrial profits data, remain a top concern and forex traders will get a heavy dose of US economic data today. What impact will this have on price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Economic data out of the US is expected to move the US Dollar on the back of Preliminary Durable Goods Orders and Personal Income and Personal Spending data. The final reading for third-quarter GDP is widely expected to confirm the previous reading. The Chicago PMI will also be in focus as it is expected to show the region in a recession. How will the NZDUSD react following the release of economic data out of the US? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.

KEY FUNDAMENTAL FACTORS FOR THE NZDUSD
Here are the key factors to keep in mind today for New Zealand Dollar trades:

New Zealand Trade Balance: The New Zealand Trade Balance for October was reported at -NZ$1,010M monthly and at -NZ$5,040M 12-month year-to-date. Economists predicted a figure of -NZ$1,000M and -NZ$4,900M. Forex traders can compare this to the New Zealand Trade Balance for September which was reported at -NZ$1,242M monthly and at -NZ$5,213M 12-month year-to-date. Exports for October were reported at NZ$5.03B and Imports were reported at NZ$6.05B. Economists predicted a figure of NZ$5.00B and of NZ$6.00B. Forex traders can compare this to Exports for September which were reported at NZ$4.47B and to Imports which were reported at NZ$5.71B.
Chinese Industrial Profits: Chinese Industrial Profits for October decreased by 9.9% annualized. Forex traders can compare this to Chinese Industrial Profits for September which decreased by 5.3% annualized.
Here are the key factors to keep in mind today for US Dollar trades:

US Preliminary Durable Goods Orders: US Preliminary Durable Goods Orders for October are predicted to decrease by 0.7% monthly and Durables Excluding Transportation are predicted to increase by 0.1% monthly. Forex traders can compare this to US Durable Goods Orders for September which decreased by 1.2% monthly and to Durables Excluding Transportation which decreased by 0.4% monthly. Capital Goods Orders Non-Defense Excluding Aircraft for October are predicted flat at 0.0% monthly and Capital Goods Shipments Non-Defense Excluding Aircraft are predicted flat at 0.0% monthly. Forex traders can compare this to Capital Goods Orders Non-Defense Excluding Aircraft for September which decreased by 0.6% monthly and to Capital Goods Shipments Non-Defense Excluding Aircraft which decreased by 0.7% monthly.
US GDP: The Advanced US GDP for the third-quarter is predicted to increase by 1.9% annualized. Forex traders can compare this to the previous third-quarter GDP which increased by 1.9% annualized. Personal Consumption for the third-quarter is predicted to increase by 2.8% annualized. Forex traders can compare this to the previous third-quarter Personal Consumption which increased by 2.9% annualized. The GDP Price Index for the third-quarter is predicted to increase by 1.7% annualized. Forex traders can compare this to the previous third-quarter GDP Price Index which increased by 1.7% annualized. The Core PCE for the third-quarter is predicted to increase by 2.2% annualized. Forex traders can compare this to the previous third-quarter Core PCE which increased by 2.2% annualized.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of November 23rd are predicted at 220K and US Continuing Claims for the week of November 16th are predicted at 1,690K. Forex traders can compare this to US Initial Jobless Claims for the week of November 16th which were reported at 227K and to US Continuing Claims for the week of November 9th which were reported at 1,695K.
US Chicago PMI: The US Chicago PMI for November is predicted at 47.0. Forex traders can compare this to the US Chicago PMI for October which was reported at 43.2.
US Personal Income and Personal Spending: US Personal Income for October is predicted to increase by 0.3% monthly and Personal Spending is predicted to increase by 0.3% monthly. Forex traders can compare this to Personal Income for September which increased by 0.3% monthly and to Personal Spending which increased by 0.2% monthly. Real Personal Spending for October is predicted flat at 0.0% monthly. Forex traders can compare this to Real Personal Spending for September which increased by 0.2% monthly. The PCE Deflator for October is predicted to increase by 0.3% monthly and by 1.4% annualized. Forex traders can compare this to the PCE Deflator for September which was reported flat at 0.0% monthly and which increased by 1.4% annualized. The PCE Core Deflator for October is predicted to increase by 0.1% monthly and by 1.7% annualized. Forex traders can compare this to the PCE Core Deflator for September which was reported flat at 0.0% monthly and which increased by 1.7% annualized.
US Pending Home Sales: US Pending Home Sales for October are predicted to decrease by 0.1% monthly and to increase by 5.5% annualized. Forex traders can compare this to US Pending Home Sales for September which increased by 1.5% monthly and by 6.3% annualized.
Should price action for the NZDUSD remain inside the or breakout above the 0.6400 to 0.6465 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6425
Take Profit Zone: 0.6585 – 0.6665
Stop Loss Level: 0.6360
Should price action for the NZDUSD breakdown below 0.6400 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6360
Take Profit Zone: 0.6200 – 0.6240
Stop Loss Level: 0.6400
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Online forex trading remains the most popular segment of the global financial market, sign-up now with PaxForex and earn more pips per trade!

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AUDCHF Fundamental Analysis – November 28th 2019

https://paxforex.com/forex-fundamental-analysis/audchf-november-28th-2019

https://paxforex.com/sites/default/files/styles/blog_page_640/public/audchf1.jpg
Australian Private Capital Expenditure posted a bigger-than-expected quarterly contraction. Australian Plant & Machinery Capital Expenditure posted a significant drop and erased the previous quarter’s increase. Despite the disappointing economic data set, the Australian Dollar remained well supported and the AUDCHF inside its resistance zone. Will bulls be able to lunch a breakout and extend the gains, or will bears prepare for a breakdown? Today’s fundamental analysis will take a look at price action in both directions.

The Swiss GDP for the third-quarter surprised to the upside and the quarterly increase clocked in at double the expected rate. This failed to significantly boost the Swiss Franc as comments out of the SNB regarding a potential interest rate cut dominate. The AUD/CHF remained stable inside its resistance zone, but which way is price action headed next and what will be the next catalyst? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

KEY FUNDAMENTAL FACTORS FOR THE AUDCHF
Here is the key factor to keep in mind today for Australian Dollar trades:

Australian Capital Expenditure: Australian Private Capital Expenditure for the third-quarter decreased by 0.2% quarterly. Economists predicted a decrease of 0.1% quarterly. Forex traders can compare this to Australian Private Capital Expenditure for the second-quarter which decreased by 0.6% quarterly. Australian Building Capital Expenditure for the third-quarter increased by 2.7% quarterly. Forex traders can compare this to Australian Building Capital Expenditure for the second-quarter which decreased by 3.0% quarterly. Australian Plant & Machinery Capital Expenditure for the third-quarter decreased by 3.5% quarterly. Forex traders can compare this to Australian Plant & Machinery Capital Expenditure for the second-quarter which increased by 2.0% quarterly.
Here is the key factor to keep in mind today for Swiss Franc trades:

Swiss GDP: The Swiss GDP for the third-quarter increased by 0.4% quarterly and by 1.1% annualized. Economists predicted an increase of 0.2% quarterly and 0.8% annualized. Forex traders can compare this to the Swiss GDP for the second-quarter which increased by 0.3% quarterly and by 0.2% annualized.
Should price action for the AUDCHF remain inside the or breakdown below the 0.6750 to 0.6790 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6760
Take Profit Zone: 0.6500 – 0.6545
Stop Loss Level: 0.6840
Should price action for the AUDCHF breakout above 0.6790 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6840
Take Profit Zone: 0.6950 – 0.7020
Stop Loss Level: 0.6790
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Is your forex investment in good hands? Find out why more and more forex traders trust PaxForex with their portfolios!

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OMG, I couldn't even read all these posts here because they are too long, can't you make these posts brief so that they are easy to digest? 8) 8). By the way, I just checked out PaxForex website – I do like what I'm seeing, except for the Account types - you will have lots of people compete with. The lowest deposit traders can make is $100.

It's not every trader that's ready to make such deposit especially when they are still new to an exchange or trade platform.

There are other forex trading platforms that allows traders to deposit as low as $10 to start trading whatever asset they want ,even cryptocurrencies. I suggest you guys do the same, or maybe allow it for first time deposit so that new traders can use that to try it out and see how it works for them. I did see the demo account, but not everyone is interested in that.

thx for quote, but we have 10$ to start https://paxforex.com/forex-account-types

Analysis of Procter & Gamble 10.12.2019

https://paxforex.com/forex-analysis/Procter-Gamble-10-12-2019

https://paxforex.com/sites/default/files/pg-10-12-19en.jpg


The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 125.60
• Take Profit Level: 127.00 (140 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 123.40
• Take Profit Level: 122.80 (60 pips)



USDJPY
A possible short position in the breakdown of the level 108.35

EURUSD
A possible long position at the breakout of the level 1.1080

USDCHF
A possible short position in the breakdown of the level 0.9850

GBPUSD
A possible long position at the breakout of the level 1.3180

Analysis of VERIZON 11.12.2019

https://paxforex.com/sites/default/files/verizon-11-12-19en.jpg

https://paxforex.com/forex-analysis/VERIZON-11-12-2019

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 61.45
• Take Profit Level: 62.80 (135 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 60.30
• Take Profit Level: 59.70 (60 pips)



USDJPY
A possible long position at the breakout of the level 108.85

GOLD
A possible short position in the breakdown of the level 1462.00

USDCHF
A possible short position in the breakdown of the level 0.9830

EURUSD
A possible long position at the breakout of the level 1.1100

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Analysis of GBPUSD 13.12.2019
https://files.constantcontact.com/188f83f8201/275cdc7a-c641-41ba-abdd-378b0aa196f1.jpg


Should price action for the AUDUSD remain inside the or breakout above the 0.6835 to 0.6870 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6850
Take Profit Zone: 0.7065 – 0.7125
Stop Loss Level: 0.6800
Should price action for the AUDUSD breakdown below 0.6835 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6800
Take Profit Zone: 0.6670 – 0.6725
Stop Loss Level: 0.6835

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The fundamental analysis is ... "fundamental" :)
But with the volatility and unpredictability of bitcoin movements, it only makes sense if you have confidential information about whale movements.
Otherwise it's like playing casino.

Invest and gamble. These two things are different. Taking Bitcoin doesn't mean you'll be rich after a day. The coin you receive can go to very high prices within 1 hour. However, you cannot constantly invest like that. Investment calculation and planning business.

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What do others think of bitcoin is a magic money where you can get instantly rich if you were able to invest huge followed by a massive pump on which in reality is not. It is possible for bitcoin to reach its ATH again in no single day since we have known its capability due to its reputation in the market but it does not mean that it could do as much as we think because there is a lot to consider first before having a thought like that.

EURUSD Fundamental Analysis – January 3rd 2020

https://paxforex.com/forex-fundamental-analysis/eurusd-january-3rd-2020

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Well, I tried any kind of classic fundamental and technical analysis, what I learned in Forex, but in crypto I didn't fine any kind of applicable logic, as everything seems to me completely random.
Do you?

I think the Forex markets are very risky. Here you need to set up a very good tracking system to trade. Taking Altcoin and making a long-term investment is a simpler and less risky investment option. These are my thoughts.

USDJPY Fundamental Analysis – January 14th 2020


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Inflationary pressures in the US are expected to have risen further in December, as measured by the CPI. Forex traders will start to pay closer attention to inflation as it moved above 2.0% annualized, the Fed’s inflation target. This comes at a time of a slowing economy and could pose a greater threat as the year unfolds. The USDJPY moved into its horizontal resistance area, but momentum is decreasing. How will price action react to the release of US data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The Japanese economy continues to struggle. Bank lending weakened as the trade balance posted a surprise deficit in December. A current account surplus was unable to mask weakness in global trade. China reported a very strong trade report for December, but the overall trend suggests more weakness ahead. Will bears force a breakdown in the USDJPY this week, or can bulls keep the rally alive? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.

Read more.... https://paxforex.com/forex-fundamental-analysis/usdjpy-january-14th-2020 (https://paxforex.com/forex-fundamental-analysis/usdjpy-january-14th-2020)

Bitcoin - Forex Combo Strategy: Ethereum to Crash Below $100


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Welcome back everyone to this week’s edition of my Bitcoin - Forex Combo Strategy! During my last update “Bitcoin - Forex Combo Strategy: Ethereum to Crash Below $100”, I talked about my bearishness in Ethereum. Since Bitcoin is attempting to break a multi-month downtrend, volatility returned and pushed this cryptocurrency above $8K. As I have pointed out several times, the long-term outlook is bullish, but we may not be out of the short-term pain yet. I recommend patience, as some sell signals started to appear.

Read more ... https://paxforex.com/forex-blog/bitcoin-forex-combo-strategy-the-busan-regulation-free-zone (https://paxforex.com/forex-blog/bitcoin-forex-combo-strategy-the-busan-regulation-free-zone)

GBPCAD Fundamental Analysis – January 15th 2019


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Forex traders will get a broad range of inflation data out of the UK today. Some Bank of England MPC members turned more dovish as the economy struggled in the last two months of 2019. The Brexit transition period and pending trade discussions with the EU are clouding the outlook. The GBPCAD descended into a major horizontal support area, but how will this morning’s inflation data impact price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Read more... https://paxforex.com/forex-fundamental-analysis/gbpcad-january-15th-2020 (https://paxforex.com/forex-fundamental-analysis/gbpcad-january-15th-2020)

Analysis of MICROSOFT 17.01.2020

https://paxforex.com/sites/default/files/microsoft-17-01-2020en.jpg

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

Read more... https://paxforex.com/forex-analysis/MICROSOFT-17-01-2020 (https://paxforex.com/forex-analysis/MICROSOFT-17-01-2020)

Bitcoin - Forex Combo Strategy: Bitcoin 10K Before Plunge?


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Welcome back everyone to this week’s edition of my Bitcoin - Forex Combo Strategy! During my last update “Bitcoin - Forex Combo Strategy: The Busan Regulation-Free Zone”, I discussed a positive fundamental trend across the cryptocurrency sector. With Bitcoin pushing higher since the start of 2020, many call for new all-time highs, as the third having event will take place on May 20th 2020. The previous two have led to a strong rally, but I think that this year will the opposite effect.

Read more >>> https://paxforex.com/forex-blog/bitcoin-forex-combo-strategy-bitcoin-10k-before-plunge (https://paxforex.com/forex-blog/bitcoin-forex-combo-strategy-bitcoin-10k-before-plunge)

Analysis on EURTRY 22.01.2020

https://paxforex.com/sites/default/files/day_analysisengeng-recovered-recoveredeng_2.jpg

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.


Read more >>> https://paxforex.com/forex-analysis/EURTRY-22-01-2020 (https://paxforex.com/forex-analysis/EURTRY-22-01-2020)

Analysis of GBPUSD 23.01.2020

https://paxforex.com/sites/default/files/gbpusd-23-01-20en.jpg

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

Read more >>> https://paxforex.com/forex-analysis/GBPUSD-23-01-2020 (https://paxforex.com/forex-analysis/GBPUSD-23-01-2020)

https://paxforex.com/sites/default/files/styles/blog_page_640/public/deposit_forex_account_with_bitcoin_1.png
The system of settlements between people through the exchange of monetary units of measurement has been going on for several thousand years. Currency and its varieties have existed over this time, from gold bullions to wooden coins. With the advent of modern technology, payments with plastic cards and even online banking became available.

Later on, powerful software and great possibilities of Internet resources became the basis for creating a completely new currency of its kind. It became a crypt currency - a financial unit of calculation, which, unlike the rest, has no physical variation. It is a completely artificial payment system.

Read more...

https://paxforex.com/forex-blog/how-deposit-forex-account-bitcoin (https://paxforex.com/forex-blog/how-deposit-forex-account-bitcoin)

Bitcoin Halving 2020

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____
It is known that around May 20, 2020, the third halving of Bitcoin will take place. Every 10 minutes 50% fewer bitcoins will be produced, which may change its value.

It has already happened twice, each time increasing the price by at least 10 times. Despite the increased interest in bitcoins and the cryptocurrency as a whole, few people are talking about it.

So today we will look at what "halving" is and what it can lead to.

Halving is the process of splitting the number of generated awards for block mining by half. It is necessary for network functioning to maintain the total number of bitcoins not exceeding 21 million. Accordingly, this day is called "halving".

Read more >>> https://paxforex.com/forex-fundamental-analysis/bitcoin-halving-2020-fundamental-analysis (https://paxforex.com/forex-fundamental-analysis/bitcoin-halving-2020-fundamental-analysis)

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Last week was very profitable for shareholders of Twitter, Inc. (NYSE: TWTR), whose shares soared 14% to $37.03 (maximum of $39.48) over the week since the last annual results were published. The results were roughly in line with the estimates, with revenues of $3.5 billion for the week since the last year's publication. The results were roughly in line with estimates: revenue of $3.5 billion was reported and earnings per share were $1.87.
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Powell encourages | Fundamental analysis

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Against the background of the coronavirus spreading slowdown, as well as encouraging comments from the Head of the US Federal Reserve Jerome Powell and increasing liquidity, the US stock indices are updating their highs, for example, the S&P 500 made 3374.38 p. by 18.30 GMT yesterday, for the parent instrument - 3375.64 p. In yesterday's speech, Jerome Powell said that his agency would continue to buy treasury securities in the second quarter - the earlier positive market was associated with the period until April. Also, Powell said that there was no reason to adjust interest rates. A large number of traders expect that the interest rate can be changed no sooner than July 2020.

Read more >>> https://paxforex.com/forex-fundamental-analysis/powell-encourages-fundamental-analysis (https://paxforex.com/forex-fundamental-analysis/powell-encourages-fundamental-analysis)

Review Of U.S. Economic Data Release.

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Investors will receive another positive fact about the health and well-being of the American economy when the Department of Commerce publishes its January retail sales data. Economists surveyed by Bloomberg expect an increase of Retail Sales by 0.3% in January. Main Retail Sales volumes, excluding the volatility in the automotive and gas industries, are projected to increase by 0.3%.

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Market Overview | Fundamental Analysis
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Quarantine in China is beginning to show results.
Chinese health officials report that the number of new infections of coronavirus over the weekend has dropped significantly as intensive measures are being taken to limit its spread. The latest reports show a total of 71,200 cases and 1,775 deaths so far, most of them at the virus's origin, Hubei. There were 2009 new cases on Sunday last week, down from 2,641 the day before and 142 deaths. A total of 50 cases of infection and 4 deaths were reported worldwide. How the virus will hit the Chinese economy is not yet known, although Chinese authorities say there will be no consequences, China's economy will be able to cope with the problem. But some analysts say that we should expect a slowdown in economic growth from 6% to 4-5% per annum.

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https://paxforex.com/forex-fundamental-analysis/market-overview-fundamental-analysis-17-02-2020 (https://paxforex.com/forex-fundamental-analysis/market-overview-fundamental-analysis-17-02-2020)

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Monday's Results And Coronavirus Impact | Fundamental analysis


The acceleration of coronavirus proliferation outside China is shocking to global financial markets. Gold, as a safe haven in times of volatile geopolitical situations, renews its seven-year highs. The yields on ten-year United States Treasuries fell to 2016, and the German bond curve repeats previous sessions, closing with a fall. 


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The Fed urgently cuts the interest rate. Again. | Fundamental analysis


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The Fed reduced interest rate to almost zero, started buying bonds again and applied other measures of its anti-crisis list, involved world central banks in supporting the global economy, which is declining because of the coronavirus. In the short term, the negative effects of the coronavirus will harm economic activity and are also a risk to economic growth. The US regulator lowered the key interest rate range to 0.00-0.25% and added that it intends to increase the balance sheet by at least $700 billion this month. These measures will be active until the Fed is confident that the U.S. and global economies have withstood the negative effects of the coronavirus and that the economy is on track to achieve maximum employment and price stability. The U.S. Federal Reserve System has called on world banks to use the trillions of dollars in liquid assets they have accumulated since the last economic crisis to lend to businesses and households.

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GBP/USD | British Pound to US Dollar Trading Analysis

Britain has decided to stop using Huawei equipment for 5G and prohibit the purchase of Huawei components from the end of the year. The National Cyber Security Centre of Britain reported to the government on the change of security assessment of Huawei's presence in the British 5G network. The new U.S. sanctions against Huawei will negatively affect the supply of equipment to Britain.

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Read more... https://paxforex.com/forex-analysis/gbpusd-trading-analysis-15-07-2020 (https://paxforex.com/forex-analysis/gbpusd-trading-analysis-15-07-2020)

Trading Analysis of Apple
The European Court of Justice overturned the decision of the European Commission in 2016 to recover a record €13 billion fine from Apple for violating European tax rules and state subsidies.

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https://paxforex.com/forex-analysis/apple-20-07-2020 (http://"https://paxforex.com/forex-analysis/apple-20-07-2020")

ETH/USD Forecast Fundamental Analysis | Ethereum / US Dollar


Data published by Ethereum mining pool Sparkpool revealed a sharp increase in the daily profitability of miners. It rose from $1.85 per MH/s to $3.27 before retreating to around $3.00. Demand for decentralized finance (DeFi) apps contributed to the increase. Enthusiasts should remain cautious as the total computing power for Ethereum remained stable near 190 PH/s.

Read more... https://paxforex.com/forex-fundamental-analysis/ethusd-forecast-july-28th-2020 (https://paxforex.com/forex-fundamental-analysis/ethusd-forecast-july-28th-2020)

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USD/JPY | US Dollar to Japanese Yen Trading Analysis

USD/JPY got under pressure at the beginning of the North American session on the back of falling yields of the treasuries. The USA today published quite good data on production orders and ISM New York activity index. A separate report showed the growth of the economic optimism index IBD/TIPP rose to 46.8 from 44. However, the lack of progress in negotiations on a new coronavirus aid package is putting pressure on the market sentiment. At the moment, the yield of 10-year Trader's Markets is trading at 6.8%, while the yield of 5-year Trader's Markets has dropped by 9%.

Read more....https://paxforex.com/forex-analysis/usdjpy-trading-analysis-05-08-2020 (https://paxforex.com/forex-analysis/usdjpy-trading-analysis-05-08-2020)

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NZD/USD | New Zealand Dollar to US Dollar Trading Analysis


NZD/USD currency pair closed the trading week near 0.6600. The pair is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud. It indicates that there is a bullish trend for NZD/USD. This trading week, the pair is expected to grow and test the upper bound of Ichimoku Kinko Hyo near the level of 0.6730. Traders should expect the pair's attempt to rebound and further growth with a target near 0.6815.


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https://paxforex.com/forex-analysis/nzdusd-trading-analysis-10-08-2020 (https://paxforex.com/forex-analysis/nzdusd-trading-analysis-10-08-2020)

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Monthly Report of Daily Trading Technical Analysis for half of August 2020

Hello!

Today we would like to share with you an interim performance report of our signals for the first half of August 2020.

Half of August turned out to be profitable for the currency market. The stock market has also borne fruit, but most of the trades remain active,  in-the-money, and waiting for their Take-Profit.

The stock market is reaching its previous highs and promises good profits. Now we provide a detailed report on income in financial markets: 

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https://paxforex.com/forex-analysis/monthly-report-daily-trading-technical-analysis-half-august-2020 (http://"https://paxforex.com/forex-analysis/monthly-report-daily-trading-technical-analysis-half-august-2020")

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How to Invest in a Bear Market - Guide 2020


Trouble does not come alone: the coronavirus pandemic has caused unprecedented problems in the world economy, the consequences of which people around the world will feel over the next few years. The new economic crisis announced by the International Monetary Fund could be the biggest and most severe since the Great Depression of the 1930s. And the date and consequences of its end are almost impossible to predict, as the coronavirus pandemic is still ongoing.

The decline in stocks and the collapse of the oil market, the depreciation of major world currencies are by no means all the consequences of a global pandemic of the Chinese virus. Still, traders can take advantage of bear market investing in the assets that have hit bottom and will definitely recover. Learning how to trade in bear market is vital for everyone who wants to take care of the investment portfolio and get lucrative profits from the falling market.

In this article, we will learn what a bear market is, how to differentiate it from a bullish one, as well as how to trade in bear markets using different types of assets.

https://paxforex.com/forex-blog/how-invest-bear-market-guide-2020 (https://paxforex.com/forex-blog/how-invest-bear-market-guide-2020)

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How to Trade Using a Forex Currency Strength Meter - Guide 2020


Did you know that the strength of a currency pair can be measured? Did you know that the obtained parameter can significantly increase the percentage of profitable trades? Many believe that the main task of a trader and the key to his successful trading is his ability to predict the market trend. As we know, the direction of the currency market is determined by the struggle of currencies. The market is moving towards a stronger currency instrument. A trader can measure the strength of currencies by using a simple Currency Strength Meter.

This very indicator is designed in such a way that it shows the weak and strong currencies at any outlined period of time, displaying that with the help of a matrix. Implementing a currency strength meter in your trading analysis gives you one more handy gear that will increase your odds of becoming a flourishing trader.

So, today we will provide valuable insight into the nature of the currency strength, including the correlation of the different currencies. Also, you will learn how to use the correlation matrix in order to improve your trading results, as well as how to benefit from the currency strength meter. Get some coffee and let's get started.

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General Electric | Fundamental Analysis


J.P. Morgan analyst Stephen Tusa has, in recent years, been the most ardent advocate that General Electric shares should not be bought. He foresaw numerous GE mistakes, regularly pushing the bank's clients to sell GE shares. When his forecasts were accurate, Tusa was widely recognized by investors, and his analytical notes started to induce large fluctuations in the price of GE shares.



https://paxforex.com/forex-fundamental-analysis/general-electric-08-09-2020 (https://paxforex.com/forex-fundamental-analysis/general-electric-08-09-2020)

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How to Trade the News - News-based Trading Strategies


Political and economic news is a powerful source of fluctuations in global financial markets. Even rumors about such events as dropping interest rates of central banks, lawsuits of governments, and large corporations, a sharp rise of inflation and unemployment, or worsening of the international situation invariably cause indignation on exchanges.

https://paxforex.com/forex-blog/how-trade-news-news-based-trading-strategies (http://"https://paxforex.com/forex-blog/how-trade-news-news-based-trading-strategies")

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NZD/USD Forecast Fundamental Analysis | New Zealand Dollar / US Dollar


The New Zealand Trade Balance for August was reported at -NZ$353M monthly and at NZ$1,340M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for July, reported at NZ$447M monthly and at NZ$50M 12-month year-to-date. Exports for August were reported at NZ$4.41B and Imports at NZ$4.76B. Forex traders can compare this to Exports for July, reported at NZ$5.04B, and to Imports, reported at NZ$4.59B.



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https://paxforex.com/forex-fundamental-analysis/nzdusd-forecast-september-24th-2020 (https://paxforex.com/forex-fundamental-analysis/nzdusd-forecast-september-24th-2020)

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