The dollar strengthened positions after the BOJ decision

On Friday, the dollar regained ground against the major currencies, ignoring the weak stats of the United States, published in the previous session, while the Bank of Japan surprised the market announcing the introduction of the policy of negative interest rates, while the later investors awaited the publication of US data on changes in GDP in the fourth quarter.

USD/JPY rose by 1.70% to 120.82.

At the end of the meeting to determine the monetary policy, which took place on Friday, the Bank of Japan announced that they decide to reduce the interest rate to -0.1%, and noted that they intend to reduce the rate in the future if necessary.
Meanwhile, investors monitor the release of the revised data on US economic growth in the fourth quarter, expected later today, after the Federal Reserve failed to provide markets enough information about the paces of the rate rises.

EUR/USD fell to 1.0815.

Growth for the euro after the Fed kept its interest rate

The single currency rose against the dollar on Wednesday after a two-day meeting of the US Federal Reserve, who unsurprisingly kept its main interest rate unchanged, but warned that it is closely monitoring global economic and financial events.

The currency pair EUR/USD climbed to 1.0892, an increase of 0.29% for the day. This is the third consecutive day of growth for the euro against the dollar, the euro also rose against the Japanese yen and the British pound respectively to 129.25 and 0.7652.

Fed noted the development of the labor market, but in the published statement, the bankers no longer "believe" in reaching the 2% inflation. It is clear that is not expected to be reached before mid-2018, and currently preferred Fed indicator measuring inflation without prices of food and energy, reported 1.3%.

Daily technical analysis of the EUR/USD for January 26

EUR/USD

EUR/USD had a moderate bullish momentum yesterday, forming a peak of 1.0856. Expectations are now up to test 1.0969. Initial support is at 1.0800, whose breach could lead price to neutral trading zone testing 1.0700. Overall bearish scenario is still in force, but the price is moving sideways in consolidation so that the limits of the range should also be monitored. Only a clear break from the range will give a clear direction.

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Technical and fundamental analysis of the EUR/USD for January 25

EUR/USD

As seen on daily chart, this currency pair is in a sideways movement.

Since the ECB press conference it became clear that we can expect additional stimulus for the European economy in March. This fundamental reason would lead to lower values ​​of the currency pair.

We need to follow the information coming from the Fed and the stock market in the US. If the market continues its downturn, the planned increase in the base rate may be delayed. In recent days, there is a rise in the major indices in the US, but so far it is too early to say whether we have current lows.

EUR/USD is still in a sideways movement, trade within the Bollinger bands. The price is close to the lower limit of lateral movement support 1.0800. Another support level is 1.0710. If the price overcome 1.0800, we can expect a test of 1.0710.
Resistance levels are about round numbers 1.0900, 1.1000, 1.1100 and 1.1050.

After the meeting of the ECB: What to expect from EUR/USD

Governor of the European Central Bank Mario Draghi made a signal on Thursday press conference that we can expect expansion of the stimulus in March.

Financier emphasized inflation risks, while his remarks continue to weigh over the united currency in the coming days, note forex strategists of BTMU. According to them, however, the EUR/USD pair will likely remain locked in a trading range in the short term as the euro can be supported by the growing anti-risk sentiment.

Separately, analysts believe that the Fed will focus on the more "peaceful" tone after its meeting next week, which will put moderate pressure on the dollar. From BTMU emphasize, however, that at some stage the US regulators don't have special reasons for concern, and so do not expect sharp movements in EUR/USD.

Their colleagues from BNP Paribas are bearish and recommended selling the euro against the dollar, advising investors to consider opening short positions at current levels to 1.0400. Protective stop to limit losses is set at 1.1005.

Even before the meeting of ECB policymakers of the investment fund BlueBay Asset Management predicted development of the events and announced that they open short positions on EUR/USD with the target of 1.0500.

Technical analysis of the USD/JPY for January 21

Dollar/yen made an attempt to low yesterday, bottomed at 115.97 but closed the day higher at 116.95 and hit 117.47 earlier this morning. As seen on the chart below we have a four-hammer formation after rejection of important move below 116.00 support, which implies a potential upside pressure. The bias is bullish in nearest term testing of 118.00 - 118.50. However, the bearish scenario remains valid at this stage and only a clear break above 118.50 should it break. Support for the day is seen on 116.50. A clear break below it could take price to neutral zone for re-testing 116.00 key support, which needs to be clearly pierced down to continue the bearish scenario.

Technical analysis of the EUR/USD for January 21

Euro/dollar attempted to push higher yesterday, slipped above 1.0969 again, but again failed to move convincingly above this zone, then tumbled down and closed at 1.0891. Commercial bias remains neutral in nearest term. Intraday support is seen at 1.0850, whose breach could lead to downward pressure on testing 1.0800. On the upside, the important resistance is 1.0969. A clear break and daily close above that level could trigger further bullish pressure testing 1.1060 and the resistance trend line. The fundamental focus today will be on the ECB press conference. The price is still moving sideways without clear direction from almost 7 weeks. Today and tomorrow there will be news/data with a strong impact, which is expected to be a catalyst for the market and to give a clear direction and better opportunities for trade. Technically, as long as the pair remain below trend line resistance, the bearish scenario should remains strong.

The euro rose against the dollar after the IMF lowered its forecast for global economy

On Tuesday, the International Monetary Fund cut its global growth forecasts for 2016 by 20 basis points to 3.4%, marking the third decrease in the last year. The message was announced hours after the National Bureau of Statistics of China said that the country's economy grew by 6.8 percent in the fourth quarter, growing slower than the previous quarter. The annual GDP for 2015 increased by 6.9%, significantly lower compared with growth of 7.3% a year earlier.

The pair fluctuated between 1.0859 and 1.0938 before closing the day at 1.0907.

Morgan Stanley advised buying of EUR/USD

Forex strategists from Morgan Stanley advise their clients to buy euro against dollar.

"The expectations, that the Bank of Japan may take additional stimulus reduced and the yen rose strongly. Therefore, investors will need another currency, demand of which depends on the growth of anti-risk sentiment. "- Note analysts. -" We believe in this role will enter the euro, which has a chance to rise in the event of a continuing decline of the US stock indices".
By Morgan Stanley added, that after the increase in rates in the US in December, Fed is in a vulnerable position: at the moment the price is fully accounted for only one further raising of the interest rates this year, although recently were mentioned three or four.
Regulators take a wait and corporate earnings in the US fail to stabilize stock markets. All the attention of investors will focus on global macro-economic data is likely to remain weak.

By Morgan Stanley advised buying of EUR/USD at current levels to $ 1.13 and a stop to limit losses below $ 1.0850.

10 most highly paid actresses in 2014 according to Forbes

Sandra Bullock is the highest-paid actress in the past 12 months. This is according to a ranking of the magazine "Forbes" for the period June 2013 - June 2014. The star, awarded with the "Oscar" for best actress for starring in "The Blind Side" (2009), climbed in rankings of the highest paid actresses from 7-th place last year, and she is now on top. Only for a year Bullock added to her account 51 million dollars. The actress, who recently celebrated his 50-th birthday, achieved a great success with the thriller "Gravity", which won seven "Oscar" awards, including for best director Alfonso Cuarón, and won more than 716 mln. USD in world box office.

Bullock has been awarded for her participation in the drama "The Blind Side" in 2010, then after "Gravity", according to "Forbes", she stayed "with a ton of money". The second position for the second consecutive year takes another winner of the "Oscar" - the star from "Hunger games", 23-year-old Jennifer Lawrence. Her revenues for the 12 months are valued at 34 million dollars. Much better result than the previous 26 million. The third place takes 45-year-old Jennifer Aniston with $31 million. She takes one place higher, compared to last year's ranking of the "Forbes" magazine.

And here is the ranking:

1. Sandra Bullock - 51 million dollars
2. Jennifer Lawrence - 34 million dollars
3. Jennifer Aniston - 31 million dollars
4. Gwyneth Paltrow - 19 million dollars
5. Angelina Jolie - 18 million dollars
6. Cameron Diaz - 18 million dollars
7. Scarlett Johansson - 17 million dollars
8. Amy Adams - 13 million dollars
9. Natalie Portman - 13 million dollars
10. Kristen Stewart - 12 million dollars

Daily technical forecast for January/14

EUR/USD

Euro / dollar had another indecisive movement yesterday. Price attempted to push lower, but failed to break below the support of 1.0800 and hit 1.0896 earlier today. The short-term outlook is bullish for testing minor trend line resistance and 1.0969 as seen on the four-hour chart. A clear break and daily close above 1.0969 may trigger further bullish pressure testing 1.1060 and the major trend line resistance. Intraday support is 1.0860. A clear break below it could take price to neutral zone for re-testing 1.0800 level.

Daily technical forecast for January/13

EUR/USD

The euro started the 2015 with a break below the psychological level at 1.20. The price rebounded from a 12-year low at 1.0465. In a case of breakthrough of this level, the pair should meet a support at 1.0240 and 1.0090 - low of 07/2002. In the case that the direction of movement is reversed, a strong resistance can be expected at 1.1180, 1.1490 and 1.1760.

Support: 1.0805; 1.0690; 1.0560;
Resistance: 1.0995; 1.1105;

GBP/USD

The pair renewed its downward direction during yesterday's session and the pound recorded substantial losses against the dollar. The British currency dropped nearly 95 pips to a closing price of 1.4445, having traded within the values ​​1.4559 and 1.4353. Current attitudes remain negative. If the pair holds below the figure at 1.4400 on a daily basis, the bearish sentiment will reinforce.

Support: 1.4465; 1.4410; 1.4345;
Resistance: 1.4505; 1.4635; 1.4795;

USD/JPY

The pair remains in consolidation after the strong gains on Monday as the dollar managed to record a fall of 11 pips to a closing price of 117.63. Psychological barrier at 118.00 for a second day stops the rise of the couple. Risks to the USD/JPY remains on the downside, but eventual break of yesterday's low, followed by 118.80 will contribute to positive attitudes.

Support: 116.25; 115.40;
Resistance: 118.80; 120.05; 121.30;

Growth of the US dollar on Monday in quiet trade

During the first day of the new week the trading on the currency markets remained relatively peaceful amid normal levels of liquidity.
The US dollar registered a rise in value against most major currenciesin a day that with no important economic data from Europe and the US.
Late last week, excellent data on new jobs in the US in December gave ground to analysts to predict that the dollar will continue its excellent performance in the 2016. There is a big possibility for a new increase in interest rates in the the US on one of the forthcoming meetings of the Fed's in the summer, if inflation starts to rise to the desired levels of 2%.
On Monday, the dollar index, which measures the performance of the dollar against a basket of six currencies, jumped with 0.38 percent to 99.91 points.
EUR/USD recorded a reduction with 60 pips, exchanging at the end of the day at the level of 1.0858. Meanwhile, the dollar managed to recover partially from collapse against the Japanese yen in recent weeks, as the currency pair USD/JPY ended with a growth of 0.52% to 117.74, breaking a series of five consecutive negative trading sessions.
The British pound enjoyed the great interest by market participants, as against the US dollar it registered a growth of nearly 16 pips to 1.4541.

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Ebury Partners believe that the dollar has not exhausted its upward potential

The restrained growth in the dollar after the first raise of the rates in the US for nearly a decade allows us to count on continued development of the upward trend, said the analyst Enrique Alvarez Diaz from Ebury Partners, who predicted the dynamics of the US currency in 2015.

According to the strategist, EUR/USD will fall below parity in 2016, as investors will need to adjust their expectations for mild tightening of monetary policy by the Federal Reserve.

"Many express their concern how the US economy will bear the tightening of monetary policy, but these fears in a mostly are baseless and exaggerated." - Said the expert on risk management. - "There are many reasons to expect a further weakening of the euro against the dollar in 2016".

From Ebury predict, that the dollar, which rose for 11 percent last year, will continue it's positive dynamics, as in 2017 EUR/USD will reach 0.95, which would represent the most significant decline in the history of the united currency, or for 47% compared to May 2014.

BNP Paribas rely on purchases of dollars

Forex strategists of BNP Paribas said, that they expect a favorable moment for opening new long positions on the US dollar.
"On markets remain anti-risk sentiments because of the recession in Chinese stocks and key Asian stock indices, including Nikkei 225.
Unfavorable ISM's report on industrial activity in the United States added to pessimism, forcing investors to turn to safer assets.
This trend leads to sales of high-yielding currencies and currencies of countries exporting raw materials. There is demand on currencies for funding." - noted experts of the investment bank.
However, they added that the dollar performs better than expected against the currencies of funding. Markets calculate in the prices the minimal tightening of monetary policy by the Federal Reserve in 2016, so we can hardly expect a sharp correction of forecasts downwards in response to the current market volatility, according to the BNPP.

Fed worried about inflation

Historic decision of the Federal Reserve to raise US interest rates for the first time in almost a decade, was taken in the background of concerns about inflation, reveal the minutes of the December meeting of regulators.

According to the document "a number of members of the Open Market Committee expressed concerns about the risks that threaten the inflation perspectives." The institution stressed that they will continue to carefully monitor consumer prices.

Markets were convinced that the Fed will start tightening monetary policy in December, but the published evening protocols on Wednesday indicate that the decision was "on the edge." Now strategists try to anticipate how will continue the raise of interest rates in 2016 and very few expect another step in January, but the majority relies on a new increase in March. Whether this will happen depends on the incoming data. Generally, the central bank believes that weak inflationary pressures are due to temporary factors such as low oil prices, but at least for now the hopes for a convincing increase in consumer prices does not take place.

According to the Federal Reserve, the US economy will continue to expand at a steady, though not steep pace in 2016. Regulators expect domestic consumption to compensate the weakness of the global economy, which hinders exporting companies to sell their products abroad.

The central bank expect the labor market to continue to improve and the increase in employment and wages put upward pressure on inflation.

"Almost all participants in the meeting considered that there are compelling reasons to expect growth of inflation to the target level of 2% over the medium term".

New York - the city of the free public wireless internet

A new project will cover the largest city in the US with 500 devices for free Wi-Fi access

This is the largest and fastest wireless internet project on Earth. Today, on December 5, New York presents street internet hotspots that will cover the largest city in the US and will provide unprecedented Wi-Fi access to over 8 million people.

The project is named LinkNYC and each Link device is nearly 3-meter futuristic monolithic tower that exudes Wi-Fi signal.

Today, the city will present the first two Links, already installed on the streets of Manhattan, but covered in order not to be seen. Over the next two weeks they will be put to real use by consumers. The city hopes to put 500 devices by July, installing ten per a day.

LinkNYC will provide a speed of 1000 megabits per second, according to the creators of the project and it is about 100 times faster than typical public wireless internet in the USA. The devices will be placed about 45 meters from each other, the signal of each will be distributed within a radius of 120 meters.

In each device, between two video screens, there will be a tablet with Android operating system. Initially, the tablet will have basic functions like a city map and web browser, but over time will be added other applications. The devices have a direct connection to the emergency phone 911 and the ability to charge mobile phones and tablets.

How does begin the year for the EUR/USD?

From a fundamental point of view the difference in monetary policies of the Fed and the ECB will continue to set the trend in the currency pair. Possible rise in the currency pair is more likely to have corrective character.

Change can happen if the Fed fails to carry out their plans to raise interest rates to 1.40% at the end of 2016. Honestly, this is an increase of the rates every quarter (!!!).

From the weekly chart of the pair we see that the rise is limited to the middle Bollinger band, while the indicator consolidate. This shows, that price is now closed between several important levels.

First we need to monitor the area of ​​1.0500. For now, the pair can not break through this level and to test the next resistance. It is round level of 1.1100. Throughout 2015 the price always respected that level. So we need to keep track of what is happening around it.

If the price fails to break through those resistance levels, then the bears will take advantage of this weakness. Key level, that we need to monitor, is 1.0800. Overcoming it will give a great advantage to the bears.