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Introduce Yourself / Re: InstaForex - instaforex.com
« Last post by Instaforexbuk on June 23, 2017, 09:59:46 AM »
InstaForex wishes a happy Eid al-Fitr to all Muslims around the world!

InstaForex wishes a happy Eid al-Fitr to all Muslims around the world!

It is a real pleasure for us to wish a happy Eid al-Fitr to all our clients and partners. The last day of Ramadan, the holy month for all Muslims, is a symbol of moral perfection, humanity, and piety. This day celebrates a triumph of the spiritual stamina.

InstaForex sincerely wishes that this festive day brings peace, welfare, and prosperity to your home.

May you have good health, pure soul, and serenity of mind. We wish you all the best.

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Introduce Yourself / Re: Daily analysis from instaforex
« Last post by Instaforexbuk on June 23, 2017, 08:47:38 AM »
Technical analysis of USD/CHF for June 23, 2017



Our USD/CHF yesterday downside target has been hit. It is still expected that pair will move further downward, and we are going to keep our downward target at 0.9680. The pair is capped by a bearish trend line since June 20, which confirmed a negative outlook. The relative strength index is bearish and calls for a further downside. On the economic front, The U.S. Labor Department reported that initial jobless claims increased 3,000 to a seasonally adjusted 241,000 in the week ended June 17, compared with 240,000 expected. To sum up, as long as 0.9750 is not surpassed, look for a new decline to 0.9680 and even to 0.9655 in extension. Graph Explanation: The black line shows the pivot point, present price above pivot point indicates the bullish position and below pivot points indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades. Strategy: SELL, Stop Loss: 0.9725, Take Profit: 0.9680 Resistance levels: 0.9750, 0.9770, and 0.9790 Support levels: 0.9680, 0.9655, and 0.9600

Read more: https://www.instaforex.com/forex_analysis/93348
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Introduce Yourself / Re: Wave Analysis by InstaForex
« Last post by InstaForex Gertrude on June 22, 2017, 11:45:27 PM »
Technical analysis of USD/CHF for June 23, 2017



Overview:
The USD/CHF pair. The current price is seen at 0.9736 to act as a daily pivot point. The USD/CHF pair didn't make any significant movements yesterday. The bias remains bearish in the nearest term testing 0.9769or higher It should be noted that volatility is very high for that the USD/CHF pair is still moving between 0.9769 and 0.9691 in coming hours. Furthermore, the price has been set below the strong resistance at the levels of 0.9751 and 0.9769. Additionally, the price is in a bearish channel now. Amid the previous events, the pair is still in a downtrend. From this point, the USD/CHF pair is continuing in a bearish trend from the new resistance of 0.9751/0.9769. Thereupon, the price spot of 0.9751/0.9769 remains a significant resistance zone. Therefore, a possibility that the USD/CHF pair will have downside momentum is rather convincing and the structure of a fall does not look corrective. In order to indicate a bearish opportunity below 0.9751, sell below 0.9751 with the first targets at 0.9706, 0.9691 and 0.9673. On the other hand, the stop loss should be located above the level of 0.9769.

Analysis are provided byInstaForex.
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Introduce Yourself / Re: Forex News from InstaForex
« Last post by InstaForex Gertrude on June 22, 2017, 08:08:08 PM »
Gold Climbs following Five-Week Low



Gold continued its rebound Thursday as it climbed above the last session's five-week trough as the US dollar stabilized.

US gold futures for August settlement closed at $1,249.40, up 0.3%. Spot gold settled at $1,249.17 an ounce, up 0.3%. In the last trading session, it added 0.3% after trading at $1,240.75, its five-week trough.

Meanwhile, silver stood at $16.57 per ounce, up 0.9%. Platinum ended at $924.40, up 0.1%. But palladium traded at $884.60, down 0.4%.

News are provided byInstaForex.
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Introduce Yourself / Re: Forex News from InstaForex
« Last post by InstaForex Gertrude on June 22, 2017, 07:21:11 PM »
Japan Manufacturing Sector Slows In May - Nikkei



The manufacturing sector in Japan continued to expand in May, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a seven-month low manufacturing PMI score of 52.0.

That's down from 53.1 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output posted its slowest growth in nine months, although exports expanded and job creation was sustained.

Stocks of purchases, stocks of finished goods and backlogs of work all swung to contraction.

News are provided byInstaForex.
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Introduce Yourself / Re: Daily analysis from instaforex
« Last post by Instaforexbuk on June 22, 2017, 08:28:07 AM »
Fundamental Analysis of EUR/GBP for June 22, 2017

EUR/GBP is currently at the edge of breaking above the corrective structure resistance of 0.8850. After the UK Parliament Election, recently GBP has lost grounds against EUR and due to Brexit situation GBP is expected to get much weaker in the coming days. Today GBP CBI Industrial Order Expectation report was published with an increased figure at 16 which was expected to decrease to 7 from previous value of 9. As it is one of the leading indicators of economic health it has a high impact on the market as it signals future economic activity such as spending, hiring, and investment in the country. On the EUR side today we have Consumer Confidence report which is expected to be unchanged at -3, as it is one of the leading indicators of consumer spending thus overall economic activity, this event is expected to bring in a good amount of volatility in the pair today. Today ECB Economic Bulletin was also held which did not provide any high impact update on upcoming interest rates decisions and future economic conditions for which no such impact in the pair was observed today. To sum up, the corrective structure seems to continue further until the currencies in this pair show a positive economic outcome to dominate each other and set up a trend in the coming days. Now let us look at the technical view, the price is currently being carried upward by 20 EMA which signals most probable break above the resistance of 0.8850. Currently, the price is in bullish bias due to the non-volatile bullish structure in this pair observed recently. A daily close above 0.8850 will signal a further bullish move in this pair with a target towards 0.9050 resistance area. If the price rejects of the 0.8850 resistance level in the coming days we may look for shorter-term bearish move with a target towards 0.8740-50 support area. The bullish bias will continue until the price breaks below the 20 EMA with a daily close.



Read more: https://www.instaforex.com/forex_analysis/93284
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Introduce Yourself / Re: Wave Analysis by InstaForex
« Last post by InstaForex Gertrude on June 21, 2017, 11:04:00 PM »
Fundamental Analysis of USD/CHF for June 22, 2017



Recently USD/CHF has been quite corrective in nature after the price broke above the 0.97 resistance after breaking it below with a daily close. Currently, the price is residing inside a corrective range area between 0.97 to 0.98. CHF has been dominating USD since the negative employment report of USD this month and CHF is expected to dominate further if the upcoming CHF economic reports come out positive. Today CHF Trade Balance report is going to be published which is expected to rise to 2.44B from previous value of 1.97B and as the export demand and currency demand is directly linked for which a positive Trade Balance reports is expected to provide more strength to CHF to gain against USD in the future. On the USD side today, Unemployment Claims report is going to be published which is expected to rise to 241k from the previous figure of 237k, as the expectation is quite negative on the USD, positive Trade Balance report is expected to help CHF to gain further in the coming days. If the USD Unemployment Claims report comes out better than expected then the price is expected to remain inside the range of 0.97-0.98 area in the coming days until any high impact economic events of the currencies publish in the future.

Now let us look at the technical view, the price is currently residing between the range of 0.97 to 0.98 area. As a strong bearish trend in place and recent impulsive bearish move in this pair, currently more bearish movement in this pair is expected but a daily close below 0.97 will confirm the further downward movement in this pair with a target towards 0.9550 support area. The bearish bias will continue until the price breaks above 0.98 resistance level with a daily close above it.

Analysis are provided byInstaForex.
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Introduce Yourself / Re: Forex News from InstaForex
« Last post by InstaForex Gertrude on June 21, 2017, 09:53:57 PM »
Gold Climbs as Treasury Yields Hit Near 10-Year Low



Gold prices rose Thursday as the US dollar's easing made the Treasury yields hit its lowest in almost a decade.

The curve of the Treasury yield straightened to almost 10-year troughs as investors assessed how the Federal Reserve's hawkish tool shaped the economy but inflation measures are slumping. The greenback tumbled from a one-month peak versus a bunch of currencies.

US gold futures for August settlement traded at $1,253.10 an ounce, up 0.6%. Spot gold stood at $1,251.91 an ounce, up 0.5%. Earlier, it gained 0.3%, its biggest intraday percentage change since June 6.

Meanwhile, the holdings of SPDR Gold Trust climbed 0.4% to 853.98 tonnes, previously 853.68 tonnes.

News are provided byInstaForex.
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Introduce Yourself / Re: Forex News from InstaForex
« Last post by InstaForex Gertrude on June 21, 2017, 08:49:32 PM »
New Zealand Credit Card Spending Data Due On Thursday



New Zealand will on Thursday release May figures for credit card spending, highlighting a modest day for Asia-Pacific economic activity. Spending was up 0.9 percent on month and 6.4 percent on year in April.

Taiwan will see May figures for unemployment, with the jobless rate expected to rise to 3.80 percent from 3.78 percent in April.

Hong Kong will provide Q1 data for current account; in the three months prior, the current account surplus was 34.83 billion HKD, while the capital account had a deficit of 185 million HKD and the financial account showed a shortfall of 65.92 billion HKD.

The central bank in the Philippines will wrap up its monetary policy meeting and announce its decision on interest rates.

The bank is widely expected to keep its benchmark lending rate unchanged at 3.00 percent.

News are provided byInstaForex.
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Introduce Yourself / Re: Daily analysis from instaforex
« Last post by Instaforexbuk on June 21, 2017, 07:51:49 AM »
Fundamental Analysis of EUR/JPY for June 21, 2017

EUR/JPY is currently residing in a corrective volatile structure after the break above 123.30-50 area. Euro has been gaining over Yen recently due to recent negative JPY economic reports. Today is an important day for JPY as Monetary Policy Meeting Minutes will be held which is a detailed record of BOJ Policy Boards Meeting providing in-depth insights into the economic conditions which influence the interest rate decision. As the news has a quite high impact, a good amount of volatility is expected to hit the market today. Along with the Monetary Policy Meeting Minutes, All Industry Activity report is going to be published which is expected to show a rise to 1.7% from -0.6% previously. On the Eurozone side, recently the trade balance report was published with the worst figure at 22.2B which was expected to be at 31.3B and along with it, German PPI report was also worst at -0.2% which was expected to be at -0.1%. As the recent JPY and EUR economic reports were negative the market is seen correcting itself due to no proper trendy move on each side of the market. Now let us look at the technical view, the price has shown a good amount of bearish pressure due to negative economic reports of the Eurozone. Currently, the price is expected to show good amount bearish pressure after breaking below 123.30 with a daily close having a down target towards 118.40-50 support area. As the price remains below the trendline resistance of 124.65 the bearish bias is expected to continue further. The bearish bias will only negate if the price breaks above the trendline resistance with a daily close.


Read more: https://www.instaforex.com/forex_analysis/93184
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