Elfina Financial Investment Consultancy, Dubai

Elfina Financial Investment Consultancy, Dubai Elfina is a Banking and Financial Consultations Company, licensed by The Central Bank of UAE and has In one platform you can trade.

Elfina Financial Investment Consultancy (Since 1996) is licensed and regulated firm in United Arab Emirates. We specialize in providing investors and traders with high quality online trading services through our associated international regulated financial firms. Our priority is to provide the best financial products and services to clients around the globe. Elfina Financial introduces to you a va

riety of investment choices studied carefully to provide you with the best options for investment in the largest and most diverse financial markets in the world. Regardless of how you want to invest and trade the financial markets. Elfina Financial can provide you with the tools, resources and services you desire. Our associate firms offer online trading services for various financial products like Commodities, Forex and international Stocks. Energies: Crude Oil, Heat Oil, Natural Gas, Gasoline, etc. Metals: Gold, Silver, Aluminum, Nickel, Copper, etc. Commodities: Sugar, Wheat, Corn, Coffee, Grains, etc. Currencies: Euro, British Pound, Swiss Franc, Japanese Yen etc. Indices: Dow Jones, NASDAQ, S&P, FTSE, CRB, etc.

27/04/2016

USD/JPY: YEN GAINS AMID CAUTIOUS TRADES AHEAD OF FOMC
27 April 2016, 06:08
The Japanese currency reversed a minor portion of yesterday’s losses and edged higher against its US rival in the Asian trades, with market now awaiting fresh incentives from the Fed and BOJ policy outcomes.

USD/JPY holds above 111 barrier

The dollar-yen pair snapped a pullback seen yesterday, and drifted lower this session as dismal US economic data continue to weigh on the investors’ minds. While mixed trading on the Asian indices also collaborates to the downbeat sentiment around the major. At the time of writing, USD/JPY hovers near session lows around 111.15, recording a -0.15% loss on the day.

While markets appear to ignore the divergent policy outlooks between the Fed and BOJ, as both the central banks are due to announce their monetary policy outcomes in next 24 hours.

Analyst at BNZ noted, “The prevailing view of FOMC members is that the market under-prices the risk of further Fed tightening this year, so the risk is that the statement is USD-supportive.”

USD/JPY Technical levels to watch

In terms of technicals, the immediate resistance is located at 111.70/88 (50-DMA/ 2-week tops). A break above the last, the major could test 112 (psychological levels). While to the downside, the immediate support is seen at 110.66/50 (Apr 26 Low/ psychological levels) and below that at 110.29/00 (10-DMA/ round number).

26/04/2016

AUD/USD HOVERING AROUND 0.7700 MARK
26 April 2016, 09:17
Following its recovery back above 0.7700 mark, the AUD/USD pair has been consolidating within a narrow trading range between 0.7700 mark and 0.7730 level.

As the two-day FOMC meeting get underway on Tuesday, the pair is likely to witness substantial volatility and break-through this tight range.

Technical levels to watch

From current levels, any further pull-back is likely to continue facing resistance at the ascending trend-channel support break-point, now turned resistance, near 0.7730 level. Momentum beyond 0.7730 barrier is likely to assist the pair move towards 0.7770 resistance before it attempt a fresh move towards retesting its next major resistance near 0.7800 handle.

On the flip side, reversal from support turned resistance area and a subsequent weakness below 0.7690 level, Monday's low, should extend the fall towards its next major support near 0.7660 confluence region. This 0.7660 support comprises of 20-day SMA and 50% Fibonacci retracement level of 0.7492-0.7834 up-swing.

25/04/2016

US: FOMC AND Q1GDP ARE KEY HIGHLIGHTS – WESTPAC
25 April 2016, 07:57
Richard Franulovich, Research Analyst at Westpac, suggests that the US data pace picks up notably this week, the FOMC and the first estimate on Q1 GDP due (Thu) the key highlights.

Key Quotes

“The employment cost index for Q1 (Thu) along with new home sales, durable goods orders, PCE and the Kansas, Richmond and Markit PMIs are all on tap too. The Atlanta Fed’s GDP nowcast model has outperformed consensus lately and is pointing to Q1 growth of 0.3%, below consensus (0.7%).

USD Bias: Still a challenging backdrop, a range of data suggesting Q1 growth will be sub-par while weak March import prices, PPI and CPI all suggest the recent jump in inflation may indeed prove transitory, much as Chair Yellen has said lately.

Safe to assume this week’s Fed meeting will build on the aforementioned, the guidance likely to signal a lack of urgency once again. Even though energy prices have firmed and risks around China and global growth seem to have dissipated the Fed is more likely than not to repeat, “global economic and financial developments continue to pose risks”. The Fed is likely to shy away from characterising where the risks lie for another meeting too.

All told hard to see a hawkish surprise though the Fed is nevertheless likely to keep the door open to hikes. A potentially softer Q1 GDP should add to the USD’s offered tone. USD weakness though shouldn’t extend more than a few weeks and no more than an additional 2-3% beyond current levels – a strong run of US data in Q2 has been a reliable feature of the macro landscape in recent years, a rebound effect from the residual seasonality that has tended to depress Q1.”

14/04/2016

AUD/USD POPS AND DROPS ON UPBEAT AUS JOBS DATA
14 April 2016, 04:47
The AUD/USD pair reverses a 25-pips knee-jerk spike seen following the release of the Australian jobs data, which bettered estimates.

AUD/USD fails near daily highs

Currently, the AUD/USD pair drops -0.13% to 0.7642, quickly fading a spike to 0.7663 shortly after the data release. The AUD bulls cheered the domestic employment data in an initial reaction, although immediately shaved-off gains and reverted to the red as markets assess the jobs data against the backdrop of RBA’s more scope for easing in the coming months.

The Australian jobless rate fell to 5.7% in March versus 5.8% previous, while the employment change came in at +26.1k last month against +17.0k expected and much stronger than +0.3k last.

The bulls appear unimpressed by the Aussie jobs as Moody’s warning over the ballooning Australian government continues to weigh on the AUD/USD pair. Moreover, the ongoing weakness surrounding the black also dampens the sentiment around the resource-linked Aussie.

With the Aus jobs data behind, markets shift their focus towards the US inflation report, particularly after the latest weak US retail sales and PPI figures, while Friday’s China data deluge is expected to keep the traders unnerved going forward.

AUD/USD Levels to watch

The pair finds the immediate resistance at 0.7664/70 (daily high/ pivot) above which gains could be extended to the next hurdle located at 0.7700 (round number). On the flip side, the immediate support located at 0.7628/09 (5-DMA/ 1h 100-SMA). Selling pressure is likely to intensify below the last, dragging the Aussie 0.7588/83 (daily S2/ Apr 12 High).

13/04/2016

GOLD DROPS AS CHINA DATA TRIGGERS RISK-ON
13 April 2016, 08:53
Gold prices fell as rise in China’s exports figure triggered a wave of risk-on buying in the Asian equity markets.

Nears hourly 100-MA

Prices plunged to near hourly 100-MA level of $1246 levels before trimming losses to trade around $1250/barrel levels. Asian equities cheered a sharp rise in Chinese exports and have turned blind eye towards a 13.8% drop in imports. Japan’s Nikkei index spiked 2.8% following a 0.94% overnight rise in US equities.

Consequently, safe haven demand for the metal dropped. Furthermore, a 0.24% rise in the USD index is also hurting gold bulls.

Gold Technical Levels

The immediate support is seen at $1246 (hourly 100-MA) under which losses could be extended to $1236.41 (hourly chart support). Conversely, break above previous day’s high of $1263 would shift risk in favor of a rally to $1283 levels (Mar 11 high).

Forex - Aussie, Kiwi hold steady, eyes on Fed announcement.
11/04/2016

Forex - Aussie, Kiwi hold steady, eyes on Fed announcement.

11/04/2016

USD/JPY stays weak as anti intervention talks continue
Mon, Apr 11 2016

USD/JPY remains under pressure around 107.80 levels as present and Ex BOJ and government officials maintain their “no intervention” stance.

Further easing won’t stop Yen rally – Ex BOJ Shirai

The latest to join the anti easing bandwagon is Ex-BOJ official Shirai who said the bank has little room left to cut rates further and further easing may not be able to stop the Yen rally. Similar comments have repeatedly hit the wires since last week, owing to which there is little motivation for Yen bears to try and catch the falling knife.

The pair clocked a low of 107.63 earlier today before trimming losses to trade slightly around 107.80 levels.

USD/JPY Technical Levels

The immediate resistance is noted at 108.38 (hourly 50-DMA), above which gains could be extended to 108.82 (5-DMA). A break higher would expose 109.27. On the other hand, a break below 107.63 (daily low) would shift risk in favor of a drop to 107.00. A violation there would expose 106.64 (38.2% of 2011 low-2015 high).

Forex - Aussie, kiwi rise vs. greenback on Fed meeting minutes.
07/04/2016

Forex - Aussie, kiwi rise vs. greenback on Fed meeting minutes.

NYMEX crude holds sharp gains in Asia on API draw, Caixin services PMI.
06/04/2016

NYMEX crude holds sharp gains in Asia on API draw, Caixin services PMI.

Forex - Aussie weaker on flat retail sales figures.
04/04/2016

Forex - Aussie weaker on flat retail sales figures.

01/04/2016

USD/JPY RECOVERY FALTERS ONCE AGAIN NEAR 112.40
1 April 2016, 09:43
The USD/JPY pair is seen wavering back and forth in a narrow range, struggling with the recovery from just ahead of 112 handle.

USD/JPY awaits US jobs data

The dollar-yen pair keeps the offered tone intact in early Europe as markets remain cautious amid sliding global equities, while a subdued US dollar against a basket of six currencies ahead of the US jobs release also dampens the sentiment around the major. At the time of writing, USD/JPY fades a spike to 112.37 and now trades at 112.20, down -0.34% on the day, while the Nikkei closed down -3.55% to 16,164 points.

Markets now await the European open for fresh take on the overall market sentiment and hence, its impact on the yen moves. While the spotlight remains on the US non-farm payrolls data.

USD/JPY Technical levels to watch

In terms of technicals, the immediate resistance is located at 112.66/72 (Mar 31 High/ 1h 200-SMA). A break above the last, the major could test 113.00 (round number). While to the downside, the immediate support is seen at 112.02/00 (Mar 30 Low) and below that at 111.36/20 (Mar 22 & 21 Low).

Oil falls as U.S. crude stocks hit record for seventh week in a row.
31/03/2016

Oil falls as U.S. crude stocks hit record for seventh week in a row.

Address

440-A, Office Tower, Al Ghurair Centre
Dubai
29706

Telephone

+97142228004

Website

Alerts

Be the first to know and let us send you an email when Elfina Financial Investment Consultancy, Dubai posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share