Daily Market Analysis by FxGrow

**FxGrow Support** · 05-04-2015, 05:00 PM

Dear Forum Members!

Here you can find Daily Market Analysis of Currencies, Indexes, Metals, Oil and others.

We hope that this information will be helpful for your trading.

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Daily Market Analysis 04th May, 2015
By FxGrow Research & Analysis Team

US ISM Manufacturing PMI at 51.5

The US ISM Manufacturing PMI remained at 51.5, well below market expectations of 52.0 for the month of April.

Activity in the US manufacturing sector showed slow growth in April 2015, while market expectations were for an increase to 52.0

US Construction spending declined by 0.6% in March 2015 while market expectations were for a 0.5% increase.

EURUSD is down from a High of 1.1220 to 1.1141 after Markit Eurozone Manufacturing PMI came out at 52.0 today.

GBPUSD slipped below 1.52 after the UK manufacturing PMI declined to 51.9, down from 54.0 in the preceding month ahead of UK elections on Thursday.

In the Asian trading session China's manufacturing PMI came in at 48.9 for April. Australian dollar is lower at 0.7835, amid expectations of RBA rate cut tomorrow.

Silver continues its consolidation to 16.32 while Gold is lower this morning at 1182.55

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

**FxGrow Support** · 05-05-2015, 08:00 AM

Daily Market Analysis 05th May, 2015
By FxGrow Research & Analysis Team

RBA Cuts Interest Rates to Record Low

Reserve Bank of Australia cut its interest rates by 25 basis points to 2.0%, to provide further stimulus to the economy. Meanwhile Australia's trade balance has stayed in deficit of $1.3B.

AUDUSD rose to 0.7900 following the rate cut, amid speculation that the RBA may be unwilling to cut further.

The Australian dollar has declined against US dollar over the past year, due to the falling commodity prices.

EURUSD is trading lower at 1.1110 ahead Of the European Commission Economic Growth forecast due today.

Greek negotiations continue this week and a deal can be achieved by the Euro group meeting on 11 May, with Greece having to repay ?763 million in loans to the IMF.

The U.K. election polls show both major parties Conservatives and Labour as being head-to-head arriving at overall majority is unlikely.

GBPUSD remains under pressure at 1.5105 before polls and uncertain UK election.

Gold rebounded from a 6-week low to 1188.65 after weak Chinese PMI, while Silver is flat this morning at 16.40

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

**FxGrow Support** · 05-06-2015, 07:02 AM

Daily Market Analysis 06th May, 2015
By FxGrow Research & Analysis Team

Kiwi falls after Weak Employment Data

New Zealand Unemployment rate remains flat at 5.8 percent, while Employment growth slowed to 0.7%. Kiwi has been under some pressure after Reserve Bank of New Zealand signaled easing bias last month.

In the Asian trading session NZD/USD fell to 0.7480 after weaker than expected employment data.

In Australia, March retail sales rose less than expected to 0.3%. The Australian dollar gained to 0.7960 after China services PMI climbed to a 4-month high at 52.9

EURUSD is trading higher at 1.1230 ahead Of the Euro-Zone's Retail Sales Data. Greek debt talks with international creditors are making progress but no breakthrough yet.

U.S. trade deficit soared to $51.37 billion in March to its highest level. USD ISM Non-Manufacturing PMI rose to a five-month high of 57.8 in April.

GBPUSD crossed 1.5200 ahead of UK elections tomorrow. UK Construction PMI hits a 22 month low at 54.2

Crude Oil futures surged on NYMEX, WTI to $60 a barrel amid geopolitical tensions in Northern Africa and the Middle East.

Gold is trading higher at 1195.10 after broad decline in the global equity markets, with fresh demands for the safe-haven.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision

**FxGrow Support** · 05-07-2015, 06:25 AM

Daily Market Analysis – 07th May, 2015
By FxGrow Research & Analysis Team

German Bund yields lift Euro

German 10-year bond yields reached a four-month high of 0.595 percent lifting the Euro above 1.1340

German Bunds yields are at the highest after European Central Bank announced its intention to launch QE.

EURUSD is trading higher at 1.1343 ahead of the Germany's construction PMI data and the US initial jobless claims data.

UK goes to the polls today and it is still uncertain if we will get a hung Parliament in the UK.

GBPUSD is in the range of 1.5240 and traders expect heavy market volatility ahead of the Elections.

Australia's unemployment rate climbed to 6.2% as expected with a loss of 2.9K jobs. AUDUSD peaked to 0.8000 after the jobs report.

Australian bond yields rose further on Wednesday morning to above 2.8 per cent after the RBA decision.

Crude oil pulled back in Asian trading session, after rallying to new 2015 highs of 62.85 presently at 61.36

Gold is trading lower in the Asian session at 1187.68 while Silver is at 16.45

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

**FxGrow Support** · 05-08-2015, 07:56 AM

Daily Market Analysis – 08th May, 2015
By FxGrow Research & Analysis Team

GBP spikes as Exit Polls Predict a Conservative Win in UK

In UK General Elections Exit Polls Predict a Conservative Win and that the Britain’s Prime Minister, David Cameron would retain his power.

GBPUSD spiked 2.1% to cross 1.5430 yesterday and to 1.5500 in the Asian trading session. Apart from the outcome of the UK elections, Britain’s trade data for March coming out today will reflect the health of the UK economy.

EURUSD is trading lower at 1.1198 ahead of Economic Data from Germany and US non-farm payrolls data.

USD Non-farm Payrolls forecast is 228K for the month of April. Meanwhile the ongoing Greek debt negotiations continue to affect the Euro.

The US Dollar bounced off a three-month low on stronger than expected initial jobless claims data.

German industrial production fell last month to an annual rate of -0.5%, from 0.2% in the preceding month, while Germany’s Trade Balance fell to 19.3B, from 20.0B in the preceding month.

The Reserve Bank of Australia cuts GDP Growth Forecast for the Australian economy to 2-3% and expects the Australian dollar to fall further.

Chinese Trade Balance rose to 34.13B, from 3.08B in the preceding month which was less than expected.

Crude oil is down on profit taking amid speculations of a strong NFP. WTI crude oil rose to 61.30 before settling at 58.92

Gold is trading flat in the Asian trading session at 1185.15 while Silver recovers its losses at 16.36

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

**FxGrow Support** · 05-11-2015, 07:15 AM

Daily Market Analysis – 11th May, 2015
By FxGrow Research & Analysis Team

US Non-Farm Payrolls rose by 223K in April

US Non-Farm Payrolls rose by 223K in April which was just below market expectations for a 230,000 increase.

The unemployment rate was down to 5.4% and Participation Rate was at 62.8%. Following the NFP USD remained strong as the unemployment rate in the US plunged to a 7-year low.

EURUSD is trading lower in the Asian trading session at 1.1155 ahead of the Euro group Finance Ministers meeting in Brussels today.

The People’s Bank of China lowered interest rates to 5.1% as inflation figures fell short of expectations.

Asian markets are up after the PBOC cut its interest rates and a strong US NFP report on Friday.

Bank of England will announce its monetary policy decisions today with main focus on the quarterly inflation report.

In Canada Jobs report came with a loss of 19.7K jobs while the unemployment rate is at 6.8%.

WTI futures dropped to $59.22 per barrel on Monday on account of strong US dollar.

Gold is trading lower in the Asian trading session at 1187.20 after China rate cut while Silver is flat at 16.40

11th May 2015 – 06:36hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

**FxGrow Support** · 05-12-2015, 07:52 AM

Daily Market Analysis – 12th May, 2015
By FxGrow Research & Analysis Team

Euro lower as Greek crisis weighs on investor sentiment

On Monday Eurozone finance ministers confirmed that there has been progress in talks between Athens and its creditors but more work needs to be done over the next few days.

Greece said on Monday it repaid IMF €750 million, €1.5 billion payment is due in June and a further €3 billion to the ECB in July.

As the Greece situation continues Euro came under pressure and remains vulnerable to further downside risks.

In Australia, March housing finance data rose 1.6%, and as a result AUDUSD is trading above 0.7900, meanwhile Australia's business confidence remained unchanged in April.

The yield on the US 10-year is at 2.27%, Australia's 10-yr is yield is at 3% and Japan's 10-year yield is at 0.4%.

Japan's Nikkei is down 0.6 percent, amid concerns of volatility in bond markets.

Bank of England kept its interest rate unchanged at 0.5% in April and kept the size of its asset-purchases at 375 billion pounds.

Crude Oil is trading lower in the Asian trading session at 59.18

Gold has recovered its losses and is trading at 1184.56 while Silver is weak at 16.26

12th May 2015 – 07:28hrs GMT

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

**FxGrow Support** · 05-13-2015, 07:49 AM

Daily Market Analysis – 13th May, 2015
By FxGrow Research & Analysis Team

Bond Sell off weighs on Indices and Stocks Globally

A sharp sell-off in government bonds is dragging major global Indices lower. The global Bond sell off has left many investors nervous with FTSE100, S&P 500 and Nasdaq100 ending in red.

The 10-year US Treasury yield rose to 2.30%, German 10-year Bunds rose to 0.713%, Italian 10-year bonds rose to 1.867% while Spain's 10-year bonds rose to 1.819%

After Greece paid 750 million euros to the IMF on Monday, its financial condition remains weak. Following the news Euro rose more than 100 pips to cross 1.1260 yesterday.

In Australia wage price index fell to 0.5% AUDUSD is high on Australian yields and that the home loans approval rose to 1.6% in March.

In China Retail Sales fell to 10.0%, Industrial Production is at 5.9% while Fixed Assets Rural is at 12.0%

UK manufacturing production rose to 0.4% while analyst’s expectations were for a 0.3% increase. Following the news GBPUSD climbed to 1.5700

WTI Crude Oil rose to 60.75 amid Bond selloff and the news that Saudi has launched airstrike on Yemen again.

Gold is trading higher in the Asian trading session at 1194.70 after the slump in the global equity markets while Silver extends its gains at 16.63

13th May 2015 – 06:54hrs GMT

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

**FxGrow Support** · 05-14-2015, 07:24 AM

Daily Market Analysis – 14th May, 2015
By FxGrow Research & Analysis Team

Euro, Gold rally on disappointing US retail sales data

US Retail sales remained flat in April, while expectations were of a 0.2% growth. Weak retail sales hint trouble in the US Economy and that the US consumers were reluctant to spend.

Following the news Euro and Gold rallied amid weak US dollar across the board. EURUSD gained more than 100 pips to close above 1.1360

Data coming out of Greece shows that it went into a recession during the first quarter of the year, with problems of unemployment, deflation, and political uncertainty.

The Euro zone's economic output climbed to 0.4% in the first quarter of 2015. This reflects the Euro zone's efforts to recover from the debt crisis amid stimulus provided by the European Central Bank.

In New Zealand Retail sales rose to 2.9% indicating that the domestic market is strong. Following the news Kiwi rallied above 0.7540

In Germany GDP growth for first quarter of 2015 was 0.3% while analyst expected a 0.5% growth.

NYMEX Crude Oil is weak in Asia at 60.15$ a barrel on strong production outlook.

Gold climbed to a 5 month high after weak US retail sales data trading at 1215.44 in the Asian trading session, while Silver continues its bullish streak at 17.19

14th May 2015 – 06:40hrs GMT

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

**FxGrow Support** · 05-15-2015, 08:05 AM

Daily Market Analysis – 15th May, 2015
By FxGrow Research & Analysis Team

Stock markets surge as US Initial Jobless Claims drop to 264K

US unemployment claims unexpectedly dropped to 264,000 which reflect that the labor market condition is strong. Following the news Stock markets surged and ended in Green, while Euro pulled away from its 3 month peak.

European Central Bank president, Mario Draghi said that QE will remain in place and ECB will continue its monthly 60 billion euro bond buying programme.

In Greece there is a potential risk that it will default on its debt which could create panic in the currency markets. Meanwhile talks about the €7.2 billion bailout funds that Greece needs will continue today.

In China Premier Li Keqiang said there are signs of economic growth following which Asian markets surged. Hang Seng index was up 0.52% while Nikkei 225 was up 0.53%

In Canada new home prices remain unchanged in March while sales of existing homes surged 4.1%.

Bank of Japan Governor Haruhiko Kuroda said the underlying trend in inflation has improved steadily and saw no need for further easing now.

Crude Oil is down in Asia at 60.50$ amid news that IEA expects Oil supply to remain High.

Gold remains bullish trading at 1219.33 in the Asian trading session, while Silver is flat at 17.35

15th May 2015 – 07:38hrs GMT

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.