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

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

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!

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!

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

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 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

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!

NZDJPY Fundamental Analysis – August 6th 2019

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



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!

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!

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.

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

AUDUSD Fundamental Analysis – August 5th 2019


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!

Analysis of 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

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!

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!

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

Analysis of GBPUSD 1.08.2019


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 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

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!

EURUSD Fundamental Analysis – July 31st 2019



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!

EURJPY Fundamental Analysis – July 30th 2019



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
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AUDUSD Fundamental Analysis – July 30th 2019


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
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