smalltownfame.com

Submitted by: Growth Aces

GROWTHACES.COM Trading Positions:

USD/JPY: long at 104.90, target 107.50, stop-loss 105.90 (stop-loss moved from 105.30 previously)

USD/CAD: long at 1.0940, target 1.1050, stop-loss 1.0890.

AUD/USD: Bears not convinced after employment report.

(no trading position on the AUD/USD currently)

Australian employment surged by 121k in August, the biggest rise in at least three decades and far beyond forecasts. The unemployment rate fell to 6.1%, beating forecasts of 6.3%.

Most of the gains came in part-time jobs which surged 106.7k, while more people went looking for work as the participation rate jumped to a 16-month peak of 65.2%.

The Reserve Bank of Australia is aware of the volatility in the data and would want to see a consistent run of better jobs numbers before concluding that the labour market had really turned the corner. The RBA Governor Glenn Stevens recently argued that cutting rates further to try to lower unemployment would not be sensible as it would also add fuel to an already hot housing market.

Leading indicators of labour demand have also been pointing to a pick up, with ANZ’s survey of job advertisements rising for a third straight month in August.

The AUD hit a five-month low of 0.9113 on Wednesday and jumped as far as 0.9218 after the release. The AUD/USD fell during European session by nearly a cent from the levels post jobs data. The level of 0.9155 is now the nearest resistance level. GrowthAces.com stands on the sidelines on the AUD/USD now.

Significant technical analysis’ levels:

Resistance: 0.9218 (low Sep 10), 0.9288 (high Sep 9), 0.9338 (50-dma)

Support: 0.9048 (low Mar 24), 0.9033 (low Mar 21), 0.9000 (psychological level)

USD/CAD: Long for 1.1050

(we are long at 1.0940 with the target of 1.1050)

A stronger manufacturing sector boosted Canada’s industrial capacity use to 82.7% in the second quarter of 2014, the highest level for seven years.

The manufacturing sector operated at 82.0% of capacity, up 1.0 pp. from the first quarter. The transportation equipment manufacturing industry rose 3.9 pp. to a record high 93.7%. The electric power generation, transmission and distribution’s industry capacity use went down by 2.8 pp. to 85.7%. The rate for the oil and gas extraction industry edged up by 0.2 pp. to 88.0%.The rate for the oil and gas extraction industry edged up by 0.2 percentage points to 88.0 percent.

Despite quite poor macroeconomic calendar in the American session yesterday (only Canadian Q2 capacity utilization and US wholesale sales) we had strong movement on the USD/CAD. The USD/CAD ended the session at 1.0935.

We used the dip to go long at 1.0940. The target of GrowthAces.com for the USD/CAD is 1.1050 and stop-loss at 1.0890. The loonie is depreciating in the European session. The USD/CAD broke above 1.1000.

Significant technical analysis’ levels:

Resistance: 1.1032 (high Sep 9), 1.1053 (high Apr 23), 1.1078 (high Mar 28)

Support: 1.0934 (low Sep 10), 1.0923 (30-dma), 1.0918 (10-dma)

GBP/USD pulled away from 10-month low after Survation poll.

(no trading position on the GBP/USD currently)

The poll, carried out by Survation for the Daily Record newspaper, showed 47% intending to vote “Yes” while 53% intend to vote against. The figures excluded 10% of people who were undecided. In the past few days, the GBP has come under sustained pressure after polls suggested that the pro-independence camp was gaining momentum. The numbers were the same as a prior Survation poll for the Scottish Daily Mail published on August 29.

The GBP tripped stops above 1.6231 (Wednesday high) and rose to an European high of 1.6265. The GBP/USD bears are targeting the level of 1.6003 (50% of 1.4814-1.7192). In the opinion of GrowthAces.com bears should be cautious as we see a risk for corrective action (or even change of the trend) in the short-term. The nearest resistance is at 1.6270. We remain flat on the GBP/USD.

Significant technical analysis’ levels:

Resistance: 1.6270 (high Sep 8), 1.6279 (38.2% of 1.6645-1.6052), 1.6340 (high Sep 5)

Support: 1.6052 (low Sep 10), 1.6003 (50% of 1.4814-1.7192), 1.5988 (low Nov 14, 2013)

NZD/USD: Rates on hold, as widely expected.

(short-term outlook is bearish, bears target 0.8050)

New Zealand’s central bank held its benchmark interest rate at 3.5%, as expected, and said it expected to stay on the sidelines for a while amid slower growth and soft inflation pressures before resuming rate rises.

Still, the RBNZ expects dairy prices to recover, and is predicting economic growth around 3.2% in the year ending March 2015. The central bank cut its inflation views through early 2016, due to subdued wage increases and the dampening effect of a stronger currency. The central bank is the opinion that current levels of the NZD/USD are unjustified despite its retreat from a post-float high touched in July.

The bank said in the statement: “We expect some further policy tightening will be necessary to keep future average inflation near the 2% target mid-point and ensure that the economic expansion can be sustained.”

In the opinion of GrowthAces.com the next rate hike is likely in March next year. We expect benchmark interest rate at the end of 2015 at the level of 4.25%.

The NZD/USD slumped after the RBNZ decision. The dovish tone of the RBNZ and breaking below the level of 0.8200 opened the door to a test of 0.8050 (the year’s low) renewed downward pressure on the NZD/USD. In our opinion the short-term outlook is bearish.

Significant technical analysis’ levels:

Resistance: 0.8267 (high Sep 10), 0.8286 (high Sep 9), 0.8329 (high Sep 8)

Support: 0.8052 (low Feb 4), 0.8009 (low Sep 10, 2013), 0.8000 (psychological level)

GrowthAces.com is an independent macroeconomic research consultancy for traders. We offer you daily forex analysis with forex trading signals. The service covers forex forecasts and signals for following currencies: EUR, USD, GBP, JPY, CAD, CHF, AUD, NZD as well as emerging markets. Our subscribers should expect to receive: forex trading strategies, latest price changes, support and resistance levels, buy and sell forex signals and early heads-up about the potential fx trading opportunities. GrowthAces.com offers also daily macroeconomic fundamental analysis that enables you to see fundamental changes on forex market. We provide in-depth analysis of economic indicators resulting from knowledge, experience, advanced statistics and cutting-edge quantitative tools.

We encourage you to subscribe to our daily forex newsletter on http://growthaces.com to get daily analysis for forex traders. We intend that our consultancy should help you make better decisions. At GrowthAces.com we give our best to you – always greatest quality, usefulness and profitability.

About the Author: We encourage you to subscribe to our daily forex newsletter on

growthaces.com

to get daily analysis for forex traders. We intend that our consultancy should help you make better decisions. At

GrowthAces.com

we give our best to you – always greatest quality, usefulness and profitability.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1907919&ca=Finances}

Fulfil Desired Financial Requirements With Payday Loans

by

jonson hack

Payday loans for quick finances

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Article Source:

eArticlesOnline.com }

Submitted by: Growth Aces

GROWTHACES.COM Trading Positions:

USD/JPY: long at 104.90, target 108.00 (we have raised the target from 107.50 previously), stop-loss 106.50

GBP/USD: long at 1.6220, target 1.6400, stop-loss 1.6130

EUR/USD: long at 1.2920, target 1.3100, stop-loss 1.2830

EUR/USD: More and more bullish signals.

(bullish outlook in the medium term)

The main event for the EUR/USD this week is the FOMC meeting on Wednesday. We expect further USD 10bn reduction in the pace of monthly asset purchases. Interest rates will be left unchanged. In conjunction with the meeting, the Fed will release an update of its economic forecasts, which will include projections for 2017. We expect the Fed to be less dovish in its forward guidance. In the opinion of GrowthAces.com the Fed is likely to drop the word “significant” in the sentence: “() a range of labor market indicators suggests that there remains significant underutilization of labor resources.” We also think that the Fed could replace the word “considerable” in the guidance that the first rate hike will only come “a considerable time after the asset purchase program ends.”

Some relief for the EUR/USD come from the Prime Minister Manuel Valls winning the confidence vote in France on Tuesday (September 16). A defeat could potentially lead to new elections. In our opinion it is unlikely that there will be a significant number of Socialists who are ready to bring down the government., especially knowing that in this case they would be reducing their chances of obtaining a seat in the new elections.

The seasonally adjusted trade surplus of the Euro zone narrowed again to USD 12.2 bn in July from USD 13.8 bn in June, due to a 0.2 monthly fall in export values and a 0.9% rise in import values. July’s euro-zone figures suggest that net trade continued to contribute poorly to GDP growth at the start of the third quarter, after making a negligible contribution to GDP in the previous quarter. Exporters continue to face problems due to crisis in Ukraine and the sanctions on Russia.

The EUR/USD opened today’s Asian session at 1.2965 and increased to a day’s high at 1.2980. The EUR/USD will likely consolidate ahead of the FOMC decision on Wednesday. Bullish hammer on the weekly candles last week is a buy signal for the EUR/USD. We see double top on the charts at 1.2980 which is the nearest strong resistance level. The 21-dma at 1.3106 is pivotal to the currency bulls. GrowthAces.com went long on the EUR/USD at 1.2920.

Significant technical analysis’ levels:

Resistance: 1.2980 (high Sep 15), 1.2990 (high Sep 5), 1.3030 (recovery high Sep 4)

Support: 1.2859 (low Sep 9), 1.2788 (61.8% of 1.2042-1.3995), 1.2755 (low Jul 9, 2013)

GBP/USD: Scotland’s independence vote is still too close to call.

(still long, expecting “No” vote on Thursday)

The Sunday Times released a poll conducted by the Panelbase company giving a small advantage to those favoring Scotland’s remaining in the United Kingdom, 50.6%, compared to 49.4% for supporters of independence.

The broadest “No” advantage was in the Opinium poll for The Observer, the Sunday edition of the daily The Guardian, which gave 47% to the “Yes” vote and 53% to those wanting Scotland to remain in the U.K.

The survey shows a similar result to that released Saturday by Survation, which gives an 8-point advantage to the “No” option – 54% to 46%.

The survey carried out for the Sunday Telegraph by ICM, on the other hand, shows the same advantage for the “Yes” vote – 54% to 46% – according to a sample of 705 people.

The GBP/USD rallied to test the 38.2% of 1.6645-1.6052 at 1.6279 overnight but retreated. We keep our long position expecting “No” on Thursday.

Significant technical analysis’ levels:

Resistance: 1.6279 (38.2% of 1.6645-1.6052), 1.6340 (high Sep 5), 1.6358 (recovery high Sep 4)

Support: 1.6205 (low Sep 12), 1.6187 (low Sep 11), 1.6052 (low Sep 10)

GrowthAces.com is an independent macroeconomic research consultancy for traders. We offer you daily forex analysis with forex trading signals. The service covers forex forecasts and signals for following currencies: EUR, USD, GBP, JPY, CAD, CHF, AUD, NZD as well as emerging markets. Our subscribers should expect to receive: forex trading strategies, latest price changes, support and resistance levels, buy and sell forex signals and early heads-up about the potential fx trading opportunities. GrowthAces.com offers also daily macroeconomic fundamental analysis that enables you to see fundamental changes on forex market. We provide in-depth analysis of economic indicators resulting from knowledge, experience, advanced statistics and cutting-edge quantitative tools.

We encourage you to subscribe to our daily forex newsletter on http://growthaces.com to get daily analysis for forex traders. We intend that our consultancy should help you make better decisions. At GrowthAces.com we give our best to you – always greatest quality, usefulness and profitability.

About the Author: We encourage you to subscribe to our daily forex newsletter on

growthaces.com

to get daily analysis for forex traders. We intend that our consultancy should help you make better decisions. At

GrowthAces.com

we give our best to you – always greatest quality, usefulness and profitability.Thank you for reading.

growthaces.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1908380&ca=Finances }