GrowthAces

GrowthAces

US employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year. US nonfarm payrolls rose by 255k jobs after an upwardly revised 292k surge in June, with hiring broadly based across the sectors of the...

GrowthAces

Fed Chair Janet Yellen said the central bank’s ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the US economy is not faltering. In testimony before Congress that expressed general optimism about the economy and played down the risk of a recession, Yellen nevertheless said the Fed will be cautious about...

GrowthAces

The Federal Reserve remains in a wait-and-see mode, as today’s post-meeting statement left all the policy-relevant sections unchanged. The FOMC members’ interest projections still indicate two rate hikes for 2016, but there are now six (out of 17) members, who only see one hike for this year. Moreover, the “dots” now indicate fewer moves in 2017 and in 2018 than...

GrowthAces

The Fed concludes its two-day Federal Open Market Committee meeting later today. Fed Chair Janet Yellen is expected to strike a balanced tone, keeping rate hike expectations in the coming months in play, but could flag Brexit risks as well. Until a few days ago, this meeting looked like a legitimate candidate for another rate hike. And if the Committee had decided...

GrowthAces

The British pound remained fragile near a two-month low against the USD on Tuesday on worries Britain may leave the European Union in a referendum less than 10 days away. Britain's "Leave" campaign opened up a 7-point lead over "Remain" ahead of a referendum on membership of the European Union an opinion poll showed late Monday. According to the YouGov poll for...

GrowthAces

Gold hit a near four week high early Monday, supported by weaker Asian stocks as investors turned towards safe haven-assets ahead of this week's central bank meetings and Britain's June 23 referendum on its European Union membership. We took profit on our long position at 1280.00. We stay bullish in the long term. It is a sign of the caution that permeates the...

GrowthAces

• The CAD weakened against USD as oil prices moved lower and risk appetite waned. Losses for the loonie came one day after it strengthened to a five-week high at 1.2655 as expectations dwindled that the US Federal Reserve will move to hike interest rates again soon. • Oil prices fell, snapping a three-day rally after notching another 2016 high, as a stronger...

GrowthAces

• Gold eased from three-week highs today as a recovery in the USD prompted some buyers to cash in gains after the previous day's sharp rally, though the outlook for Fed interest rates offered support. • The metal surged 1.5% on Wednesday after below-consensus US payrolls data and dovish comments from Janet Yellen dampened expectations of an imminent rate...

GrowthAces

The CHF hit a seven-week high against the EUR today, as investors flocked towards safe havens on worries that Britain will vote to leave the European Union at a referendum in two weeks' time. Though odds offered by betting websites and bookmakers point towards a vote for Britain to remain in the EU, polls have not offered a clear picture of what the outcome of the...

GrowthAces

The EURUSD dropped slightly today, but is still above 7-day exponential moving average (1.1318), which make us keep our bullish short-term outlook. However, we need a daily close above 1.1418 (61.8% retrace of the 1.1616 to 1.097 drop) to unlock further gains. Sign up to forex newsletter growthaces.com and start profiting from our trading signals.

GrowthAces

• The NZD took centre stage on Thursday, surging to a one-year high after the Reserve Bank of New Zealand kept interest rates unchanged, surprising some investors who had been betting on a rate cut. The RBNZ decision was in line with our expectations. • The Reserve Bank of New Zealand indicated it could cut rates again due to low inflation. However, soaring home...

GrowthAces Updated 

$NZDUSD broke above 0.7000. Investors are awaiting today’s decision of the Reserve Bank of New Zealand's (21:00 GMT) and we think the outcome will be a very close call. We raised the target on our short-term NZDUSD long to 0.7085, but we also locked in profit at 0.6910. We keep our bullish view on the NZDUSD in the long term. The target in the investment part of...

GrowthAces

EURUSD is testing 1.1400 now. Our long is in good shape.. Target 1.1490. growthaces.com #EURUSD

GrowthAces

We raised our short-term target to 1.1490 after NFP report and dovish Yellen on Monday growthaces.com

GrowthAces

We stay long for 1280.00 in the near term and 1335.00 in the long term. growthaces.com