Now back to normal - Forex Signal by QROSS X 13-Nov-2014

You might had not been able to see the trend & momentum indicators on the app due to the technical issues. Now, we see the situation has been back to normal.
Thank you for your patient.

QROSS X support team.

Cross-USD Trend & Momentum 9-Nov-2014

USD has been stronger against most of major currencies, EUR, GBP, AUD and particularly JPY due to BOJ announced additional QE since end of last month. Japanese stock market also has shot up.
Although fundamentals imply USD can be stronger in economic situation while Europe and Japan central bank keep QE, some market analysts and Trend & Momentum signal indicate USD will be less strong against other currencies.


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Cross-JPY and Stock index Nov-2014

Bank of Japan unexpectedly revealed additional QE on the end of last month, and JPY has been massively weaken against most of major currencies while Japanese stock index, Nikkei 225, has gone up.

This QE may have aspect of JPY devaluation. They plan to increase their exposure of ETF and J-REIT in three times scaled pace. Simply say, if they are buying less credit asset by their JPY, value of JPY will be degraded and cross currency against JPY will be relatively going up.

The stock index have gone up in JPY and reached around 1 year high, however the figure does not look so bullish in the stock index converted into USD.


Source)
http://finance.yahoo.com/q/hp?s=%5EN225&a=00&b=4&c=1984&d=10&e=4&f=2014&g=w
http://uk.investing.com/currencies/usd-jpy-historical-data

EURCAD Trend & Momentum 27-Oct-2014

EURCAD had gone up around middle of Oct, and it has fallen down in the week after that. The Trend & Momentum indicates EURCAD is going up in a coming week toward the highest level for last 2 weeks.

Currently, EURCAD stays at around 1.428, higher level than the market opening.


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Stock market indexes

Most of the stock indexes bounced up last 1 week though the levels are still less than the peek in last Sep. However, the risk factors are still remaining, such as European economy risk, Ebola virus and global political risk.

->Major stock indexes.

Stock market indexes plunged Sep - Oct 2014

Stock indexes have steeply gone down since last Sep in the world. In this situation, Chinese stock index has risen and Indian stock index has been sustained with limited decline.

[Asia & Pacific]

(Australia) S&P/ASX 200
(China) SSE Composite Index

(Hong Kong) Hang Seng Index
(India) S&P BSE SENSEX

(Japan) Nikkei 225 index

(Singapore) STI Index

[Europe / Middle East]

(France) CAC 40

(Germany) DAX

(Italy) FTSE MIB

(Norway) OSLOStock Exchange All Index

(Russia) RTSI Index

(Spain) IBEX 35

(Sweden) OMX Stockholm 30
(UAE) Abu Dhabi Securities Market General Index

(UK) FTSE 100

[Africa]

(South Africa) FTSE/JSE Africa All Share Index

(Nigeria) Nigerian Stock Exchange All Share Index

[North/South America]

(Brazil) IBOVESPA

(Canada) S&P/TSX Composite index

(US) Dow Jones Industrial Average

EURGBP Trend & Momentum 8-Oct-2014

EURGBP has risen since beginning of this October, and it had been slightly in downward trend for a week around the end of last September.

EURGBP stays around 0.7878 now, and the trend and momentum indicates EURGBP is going to be in steeply downward trend for a coming week. The market consensus about ECB implies EUR is relatively weak particularly to USD. Effect on EURGBP may be limited comparing with EURUSD, however, the upside of EUR is likely limited in short to middle term.


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