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EUR/USD Fundamental Analysis: November 7, 2016

The EUR/USD is expected to incur significant gains due to risks that Donald Trump could possibly win the upcoming presidential elections, something that the international market did not anticipate. However, some market players are also saying that the USD would be able to regain some of its strength over a few days and a relief rally would occur should Clinton come out as the winning candidate in the elections. Prior to the opening of the Monday session, Clinton was already cleared by the FBI with regards to her e-mails and this is expected to be good for her campaign and has already caused some currency pairs to open up certain gaps.

The EUR/USD pair has already dropped by up to 70 pips and this is just a sneak peek of what could possibly happen if ever Clinton wins the presidential elections, especially since the market is now anticipating a Clinton victory with Trump’s chances becoming invariably slim.

Market players are expecting that this particular gap in the currency pair will be temporarily covered, while the USD is set to regain some of its lost value during the next trading sessions, especially with the impending presidential elections.

Technical Analysis: November 7, 2016


The USD/JPY pair was able to make a small recovery during last Friday’s session after a series of risk-offs which hit the European and American stock market. However, the pair continues to stay in the negative territory and traded within Thursday’s low levels on Friday’s session. The currency pair had a fairly bearish stance after the pair experienced selling pressure above the 103.00 region. Resistance was encountered by USD bulls along the 103.20 trading range where the 200 EMA is also located. The 200 EMA maintained the pressure on the USD/JPY by resisting all possible recovery moves.


The 50 and 100 EMAs for the currency pair decreased quickly, while the 200 EMA maintained its bearish outlook for the session. Resistance levels for the currency pair is expected to be around the 103.50 range, while support levels are expected to come up at the 103.00 region. The technical indicators for the USD/JPY pair are seen to be slightly bearish, with an increase in the MACD indicator showing a weakness in seller positions. Meanwhile, the RSI indicators for the pair is still consolidating within its undervalued regions.


The USD/JPY pair is expected to have its resistance levels at 103.50 if the currency pair would be able to consolidate over the 103.00 region. However, the USD/JPY might again experience a decline if the pair closes the session with a lower value than this particular level.

USD/JPY Fundamental Analysis: November 7, 2016

The USD is expected to increase significantly against the yen during Monday’s trading session as a result of investor reaction to reports that the FBI will be dropping its investigation of US Presidential candidate Hillary Clinton’s e-mails and will not be filing any charges against the Democratic candidate.


This then means that the Monday session is most likely to be a risky day as investors are expected to go on an aggressive USD and stock-buying spree especially after last week’s sell-offs. Investors are also expected to sell their safe haven assets which were bought as hedge against the probability of a Trump victory, which includes the JPY, EUR, and gold stocks. The USD/JPY dropped to its support region located at the 102.799-102.155 range, going down at 102.533. The pair is expected to rally back to at least 104.03 to 104. 383 if the short-term rally for today’s session proves to be strong enough for the currency pair.


Market players are expected to mainly focus on the upcoming elections even with new economic events taking place, after which, the market is expected to shift its focus on the expected Fed rate hike this coming December. These events are expected to induce an upward shift in the value of the US dollar. The Bank of Japan is expected to release the minutes of its latest Monetary Policy Meeting, while the Average Cash Earnings is expected to be released at 0.2%. Minor reports from the US to be released this Monday are the Loan Officer Survey, Labor Market Conditions, 10-Year Bond Auctions and Consumer Credit data.

USD/JPY Fundamental Analysis: November 8, 2016

The USD largely increased in value as compared to the JPY due to an increased in the demand for high-yield assets. This rally in the USD was mostly due to news that the FBI did not find any incriminating information in presidential candidate Hillary Clinton’s e-mails. Aside from a surge in high-yield assets, this news also led to rallies in the international stock market, and the demand for the US dollar surged after investors shifted from the safe haven currency. The USD/JPY pair closed down the previous session at 104.474 points after increasing by 1.37% or 1.411 points.

The USD/JPY is expected to continue its upward direction until Tuesday’s session since investors are expected to add up their bullish bets for a possible Clinton victory. Clinton currently has a 90% chance of winning the elections which is set to happen this coming Tuesday. Meanwhile, the JPY continues to reprise its role as a fund currency due to Japanese banks consistently offering low-level interest rates.

US Treasury yields also increased on Monday and this has helped augment the spread between Japan’s government bonds and the US 30-Year Bond, causing the USD to increase its investors. If the USD/JPY continues, then the next resistance target is expected to be at 105.526 points.

GBP/USD Fundamental Analysis: November 8, 2016

The GBP/USD is currently one of the most active currency pairs as of yesterday’s trading session after it plummeted from 1.2500 and settled below 1.2400 points after the most recent news regarding the FBI probe of presidential candidate Hillary Clinton’s e-mails. The GBP/USD is expected to further increase its volatility during today’s session up until the following days especially in the light of the upcoming US presidential elections.

If Clinton manages to win the elections, then could push the USD farther up the positive range and cause the pair to go lower, possibly even crossing below the 1.2300 range. This is highly possible since the sterling pound is not only the most volatile currency as of this writing, but it is currently among the weakest due to complications in the Brexit strategies of the UK government. The ongoing discussions regarding Article 50 might induce more risks and could make the sterling weaker as the discussions progress.

The UK Manufacturing Data is expected to be released during the European trading session, and this is expected to give traders a clearer notion of how the UK manages its Brexit complications. However, the entirety of the market is now monitoring the results of the US elections, and the USD is expected to become more volatile in the coming hours.

EUR/USD Technical Analysis: November 8, 2016



The euro endured a pressured area on the back of unfavorable release of Germany Factory Orders. On the other hand, the Presidential elections in US controlled the market sentiment.
The EUR/USD pair diverge to a lower position during the opening on Monday while the price further curtailed and pushed the 1.1100 level. Consequently, the euro failed to procure gains approaching the support area at 1.1050. The downward momentum had faded after tried the said region causing the common currency marginally cut back. The 200-EMA established a neutral stance and impeded the weakening of euro as it rejected the upward price momentum. While the 50 and 100 EMAs run through the higher direction, seeing the 50-EMA crossover the 100-EMA. Resistance comes at 1.1000, support plop down the 1.1050 level.
MACD had declined and indicated further weakening against the buyer’s position. RSI is seen descending.

GBP/USD Technical Analysis: November 8, 2016
Due to an upbeat of House Prices Index that caused the British pound to become stronger, the decline happened on Monday slightly lessened. On the same day, the pound dropped its recent highs then progressed to a downward region. The break between prices scaled down amid the Asian session while in the interim of the EU hours losses inevitably multiplied. The price intersected the 1.2400 level, however, unsuccessful to take back its gains.
The pair surpass the 50-EMA and hold back the downturn at 100-EMA accordingly in the 1-hour chart. The 50-EMA descended while the 100 and 200 EMAs headed northwards. Current resistance existed at 1.2500, support is placed at 1.2400 region. MACD grew less which showed a weaker position for the buyers. RSI turned to a lower area.

NZD/USD Technical Analysis: November 8, 2016


The kiwi hovered below the pressured area versus the US dollar since the FBI announced that the candidate of the Democratic Party, Hillary clinton was found ‘not guilty’ regarding the use of an illicit server during her term as the US Secretary.

The NZDUSD trade flat around a tight range yesterday. Buyers failed to stimulate the pair to a higher region, seeing the rising impetus to soften and shifted over a disadvantageous district. The NZ dollar is trading in the middle of the pair’s resistance and support at present.

As shown in the 1-hour chart, the 50-EMA placed a firmer support for the price while the NZD break the movement and plunged over. Moreover, the 50-EMA shifted to a neutral stance, the 100 and 200 EMAs established an ascending manner. Resistance is found at the 0.7350 level, support is seen at 0.7300 region. MACD subside which indicates a delicate position against the buyers. RSI settled in the overbought condition and further descended.

EUR/USD Fundamental Analysis: November 8, 2016

The market is keen and waiting for the U.S. presidential election on November 8 afternoon time in USA. The polls shown a tight competition between the candidates. Traders learned from Brexit that it is much safer to be on standby and wait for the results that is why there is less volatility yesterday until this day. This day determines the short term trend for various instruments which is being anticipated by market players.

Yesterday was bearish for the pair as the U.S. Dollars strengthened with traders aspiring Clinton to win. It posited at 1.1050 and 1.1031 physiological levels. Volatility is expected for the day with the bearish trend to continue as the election closes by. The financial market is positioning with Clinton winning as this is what they want which is expected to further strengthen the U.S. Dollars once the results are out. However if the Republican candidate Donald Trump wins the election, this is not what is expected that may cause a short-term turmoil in the market.

There are no other major economic news to be released neither from the Euro region nor on the U.S.A today. Everyone is looking forward for the election which is the focus for the past weeks bringing volatility today and tomorrow. It is presumed for other data to come out after the election results are out. It is advisable for traders to be keen in their positions with tight stop losses.

GBP/USD Fundamental Analysis: November 9, 2016

The international market has initially predicted an easy win for Democratic candidate Hillary Clinton, with predictions gunning up to 90% for a Clinton victory. However, come election day, this certainly was not the case, as Republican candidate Donald Trump is currently leading the polls by a significant margin and is taking the lead in key states such as Florida and Michigan. The GBP/USD pair initially traded at the 1.2350 due to anticipations of a Clinton victory, but was immediately shaken by an unexpected Trump lead, causing the USD to go over 160 pips, prompting the US dollar to start losing its strength. The USD is currently resting at the 1.2500 trading range, with the market currently consolidating and is bracing itself for a possible Trump victory.

With the present state of the US elections, a Clinton victory could still be debatable especially due to Trump leading most of the votes. The GBP/USD pair is expected to be significantly volatile in the coming hours leading to the close of the US presidential elections.

EUR/USD Fundamental Analysis: November 9, 2016

The EUR/USD pair decreased in value and went below 1.1000 as the USD strengthened due to initial market predictions of a Clinton victory in the US elections. However, Trump has eventually caught up and is now leading the presidential race, with Trump possibly taking Florida, one of the key states for this election.

This unexpected unraveling in the elections has caught the market unawares, causing the EUR/USD to go over 1.1100 and is currently resting within the 1.1150 range. The currency pair has now increased by over 160 pips over the last two hours of trading due to the unexpected turn of events in the US elections. Generally, the market is not in favor of Trump becoming the president, but the majority of US citizens seem to think otherwise.

Analysts are expecting that if a Hillary victory ensues, then its effect on the market would be somewhat muted since a Clinton victory is what the market expects. However, if the coin flips and Trump comes out as the winner, then its effect on the market in general would be much more adverse and much more violent and could possibly cause a significant increase in market volatility.

USD/JPY Technical Analysis: November 9, 2016

The Bank of Japan’s Financial Minister has said that the central bank will be reacting to market movements once the US election results come out, especially if the results would cause the JPY to increase in value. The USD/JPY pair traded within the intraweek trading region for the first half of the Tuesday trading session. The market has remarkably sustained its balance in spite of the absence of market movers, especially if the election results would induce an added strength to the Japanese yen.

The USD/JPY pair traded within its intraweek trading range for the first half of the Tuesday trading session, with the market remarkably maintaining its balance in the absence of market movers. The pair is now trading within the 104.30-104.50 due to buyers consolidating their profits. The bulls reverted back to their bids at the 104.50 region prior to the North American session, with the pair steadily approaching 105.00 after managing to break through its level prices. The pair’s pricing has since then moved from the 50, 100, and 200 EMAs in the USD/JPY 4-hour chart. Resistance levels for the pair can be found at 105.00, while support levels are expected to be at 104.50.

If the pair continuously experiences an upward pressure, then the pair is expected to hit resistance levels at 105.00. This could then cause the pair to hit new highs at 105.50.

GBP/USD Technical Analysis: November 9, 2016


The British pound demonstrated a mixed trades as of yesterday. On Tuesday morning, the sterling increased along with the better-than-expected data of the Manufacturing Production while softened in the midday due to a breakthrough of the greenbacks.

Still and all, the pound stayed in the pressured area yesterday as it continually traded in a tight range. The pair further attempted to make a better turn amid the Asian flat. The price made an immediate reversal which started from the 1.2400 level and transferred to the mark of 1.2436 where the bullish spike run-down, hence the GBP marginally curtailed.

The pair had buildup a selling pressure before the opening of the New York session and ploy under the 1.2400 level.

As it was indicated in the 4-hour chart, the price tried to enter the neutral stance of 200-EMA, however, gains are limited. Failure is already expected, sending it to the downside of the market. The 50-EMA crossover the 100-EMA in the same trading chart which both MA run after the neutral lines. Resistance is situated at 1.2400, support is fixed at 1.2300. MACD grew less and indicated weak position for buyers. RSI consolidated around the positive area.

GBP/USD is expected to maintain a negative scope and a close below 1.2400 have the possibility to prompt losses into the 1.2300.

EUR/USD Technical Analysis: November 9, 2016


The EUR/USD bolstered on the back of the U.S Presidential Elections. The pair were able to steer clear on the effects of the decline in the German Factory Orders. Meanwhile, markets preserve its recent position while waiting for the election results.
On the other hand, the hope for strengthening the euro abated due to a weak result of the trade’s daily closing on Tuesday. The pair is placed below the pressured area and continues to trade around its weekly low since yesterday.
Traders attempted to reach an upward momentum amid the post-European open, even a short consolidation appeared in Asian trading session. While the pursuit to reacquire the 1.1050 region were unsuccessful, the price penetrated the said level but retreated downwards once more.
According to in the 4-hour chart. the 200-EMA is found at the 1.1050 resistance level which helped the common currency to struggle for an improvement. Moving averages established a neutral stance in the same hourly chart. Current resistance settled at 1.1050, support lied at 1.1000.
MACD indicator leans at the centerline. When the histogram arrived in the negative zone, it would indicate additional growth for seller’s position. While the positive territory would give buyers a chance to dominate the market. RSI is neutral.

USD/CAD Technical Analysis: November 9, 2011



Even after the recovery of petroleum prices, the loonie had declined while greens further bolster. The neutral points that occurred last week remained intact till now. Yesterday, the price is trading in a tight range in the middle of 1.3360 - 1.3400 levels.

The USD/CAD further decrease as it entered towards the lower range end, at the same time trying to break the 50-EMA lower during the trades on Tuesday.

Moreover, the U.S and Canadian dollar tested the 50-EMA where it encountered a stronger support for the price indicated on the 4-hour chart.

Moving averages keep moving with a bullish trend as it was also specified on the same timeframe. Resistance marked the 1.3400 level, support is located at 1.3300 region. MACD histogram subsided which implied growing strength for the sellers. RSI headed southwards and that affirmed a downward direction.

NZD/USD Technical Analysis: November 9, 2016
The New Zealand dollar is reached lower than the key resistance level at 7380 with merging of the results of the U.S. Presidential Elections and the Reserve Bank of New Zealand (RBNZ) interest rate decision tomorrow. It is actively traded within the said level with a chance for a sudden surface bias with the price low. The Interim support sustains at 7292/95 with strong support at 7214/18 and moved past targets of 7450 and 7430 levels.

AUD/USD Fundamental Analysis: November 9, 2016

Aussie is dropping as market is reacting to the U.S Presidential election and the downhill of major U.S. indices such as Dow Jones Industrial Average futures contract, E-mini S&P 500 index and E-mini NASDAQ-100 futures declined by 3.71%, 4.50% and 4.57% respectively.

The U.S Presidential election is shaking the financial market with Republican candidate Donald Trump leading the match against the Democrat candidate Hilary Clinton.On early Wednesday, there has been a surge in demand for safe haven assets while the risky assets plummeted which is expected because of the election.

If Hilary Clinton wins the election, the pair AUD/USD would recover to highs but this is still fifty-fifty with U.S. having divided sides. Thus, the financial market is disrupted with this election.

USD/CAD Fundamental Analysis: November 9, 2016

Loonies rallied to new highs, reaching higher than 1.3460 resistance level even though Donald Trump has higher chances than Hilary Clinton in the U.S. Presidential election. The next U.S. president could threaten the connection and trading with its northern neighbor that would affect Canadian dollar. Other currencies in the South such as Mexican Peso is in a bad state with a hike of 10%.

Oil prices are also gives adverse reaction with Futures slumping signals a response to risks. This affects Canada with the continuous decline of oil prices.

The pair could not move higher than 1.3460 level and sustains at 1.35 level. It could reach up to 1.3650 since it has a good performance early this year. The next target is 1.40 handle followed by 1.46 physiological level.

NZD/USD Technical Analysis: November 10, 2016


The NZD/USD pair experienced remarkable volatility during the start of the Asian trading session on Thursday which was mostly due to a reversion of a post-RBNZ drop in an attempt to regain the pair’s hold on the 0.73 region. The NZD/USD pair has presently increased its value by +0.15% to trade at 0.7290 points after posting its daily session lows at 0.7272 after the RBNZ’s movement. The NZD immediately faded following the RBNZ statement with regards to its decision on rate cuts, especially since comments from the central bank has put increased pressure on the pair. RBNZ has decided to cut back its cash rates by up to 1.75% to 25 bps, increasing more opportunities for easing in the weeks to come.


However, the currency pair was immediately pushed back by bulls as they regained momentum due to an expected major reversion in the prices of commodities since the market seems to be increasingly positive on Trump’s proposed reforms. The NZD/USD has also received additional backing from a correction in the USD. as well as with the release of the US jobless claims data and comments from Fed later in the North American trading session.


Resistance levels for the NZD/USD pair is expected to be at 0.7301, and could possibly go further up to 0.7350 and 0.7372. On the other hand, the pair’s support levels are expected to be at 0.7300 and could go even lower at 0.7260 and could test the 0.7223 level.

USD/JPY Fundamental Analysis: November 10, 2016


The USD experienced a sharp surge against the JPY during Wednesday’s trading session as a result of positive investor reaction to Donald Trump’s shock victory in the US presidential elections. High-risk assets went lower during the start of the session, causing a number of investors to immediately move their funds into the safe haven currency JPY. This has then caused the USD/JPY to drop in its lowest levels for this October at 101.179 points. However, the pair eventually bounced back strongly after US equities were able to regain all their previous losses and closed down the previous session on a highly positive note.


The international equities market is still expected to experience a number of backlashes as the market unwillingly adjusts to this unprecedented Trump victory. Investors in the USD/JPY pair are also advised to prepare in the face of added volatility. The USD/JPY pair is expected to rally along with stocks if stocks continue to increase, but if stocks manage to drop then investors are expected to find refuge in the Japanese yen.


The Federal Open Market Committee (FOMC) is also expected to release a statement soon with regards to addressing concerns regarding the decreased possibility of a Fed rate hike, as well as highlight steps on how the central bank plans to address this sudden increase in market volatility. Market volatility is expected to last for a few more days until investors are able to follow the basic fundamentals.

EUR/USD Fundamental Analysis: November 10, 2016


A day before the US presidential elections, the market exhibited little activity as market players expected a Clinton victory, with the EUR/USD pair going below the 1.1000 range due to an added strength in the USD. However, as Republican candidate Donald Trump slowly pulled off an unforeseen victory, the market panicked, with investors and traders at a loss on what to do with all the market confusion. Upon the advent of a Trump victory, the EUR/USD surged by up to 300 pips, however as the London trading session closed down and a Trump victory was slowly becoming a reality, the USD increased its strength and the EUR/USD started plummeting.


Aside from the fact that Donald Trump lacks political experience, the market is still in a state of confusion due to uncertainties with regards to his political plans. Trump’s victory has also greatly decreased the possibility of a Fed rate hike in December, especially since Trump has been an open critic of the Federal Reserve even during the start of the campaign period. The probability of a hike rate was up by 80% prior to the elections, but is now down to less than 50%, with majority of market players already expecting the rate hike’s cancellation.


The market’s general outlook is on the volatile side, and analysts are expecting the increased activity to continue for a day or two before finally settling down. Traders can opt to become spectators or risk buying the EUR/USD at strong support levels.

EUR/USD Technical Analysis: November 10, 2016


As of now, there are no major economic releases in Europe which means there is no news about market movements. Moreover, the pair was deeply moved by external factors. The victory of Trump yesterday upset the dollar and cause it to decline.

The EUR/USD strengthened last night as it attained its highest level on the 8th of September. The pair was able to surpass other levels as it moved upward to the 1.1300 region. Subsequent to the testing of level, prices yielded its fresh highs and tried to withdraw resulting for a fall into the opening price.

The euro and dollar obtained the 1.1050 in the opening of post-European and consolidated its gains. The price pushed the 1.1050 level and draw additional losses at the 1.0950 amid the North American trading session. Moving averages developed through the neutral stance in the 4-hour chart. Resistance filled the 1.1100 region, support stayed at 1.1050 level. The MACD histogram weakens indicating sell signal. RSI kept intact in the neutral condition.

The dollar is expected to remain in the pressured area while the lower level has the tendency to lure buyer’s interest. The goal is set at the mark of 1.1100. The next level is supposed to see at 1.1150.

AUD/USD Technical Analysis: November 10, 2016


The weak result of Australia Consumer Confidence did not influence the AUDUSD. On the other hand, the mixed economic data from China and Trump’s victory affected the USD. The pair further demonstrated a strong sell-off during the Asian trading hours yesterday.


The Aussie and greens had a downturn on its fresh low after stimulating monthly highs and it fell at 0.7570. The pair was blocked at 0.7570 causing it to bounce upwards promptly after the level testing. It also preserves its bid tone during the NY session and struggled towards 0.7675.

According to the 4-hour chart, the moving averages are neutral. Resistance is found at 0.7675, support comes in at 0.7650. MACD grew lesser which produced weak position for the buyers. RSI plunged into the oversold zone.


There are assumptions about AUD to hover in the red zone for short-term only. In case that it broke the seller's support, it will move the price to the 0.7625 region.

GBP/USD Fundamental Analysis: November 10, 2016


As expected, the market has been dominated by thought about Trump’s success and his plans as the next president of the United States. The surprise victory of the newly elect President made the market to become extremely volatile considering that the market had least expected for this to happen. This shocking event tend to disturb the market by which British people know how it feels as they have experienced it during the Brexit referendum.

It was an unbelievable day for the GBPUSD since it was able to generate 200 pip within 16 hours.

The USD bolstered on Wednesday morning but immediately fell down after the election results. The pair further demonstrated a huge whipsaw pattern since the strength of the greens toggle every now and then. This also distresses long-term buyers and investors seeing the market to shift in different directions causing them to struggle in selecting for their trades.

As of this writing, the turmoil continues and it is recommended to keep away from the possible risk until the market recovered. Within a short range, it is expected the weakness seen in the US dollar will be apparent upon this week, however, there is no estimated duration how long this weakness will last.