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RE: Wave Analysis by InstaForex - 6/25/2014 2:27:19 AM   
InstaForex Gertrude

 

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Technical analysis of USD/JPY for June 25, 2014

In Asia, Japan will release the CSPI y/y, and the US will release some economic data such as Core Durable Goods Orders m/m, Final GDP q/q, Durable Goods Orders m/m, Final GDP Price Index q/q, Flash Services PMI, Crude Oil Inventories. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.41.
Resistance. 2: 102.22.
Resistance. 1: 102.02.
Support. 1: 101.77.
Support. 2: 101.57.
Support. 3: 101.37.

DESCRIPTION:
Please, pay attention to the levels of support 3 (101.37) and resistance 3 (102.41). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

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Post #: 21
RE: Wave Analysis by InstaForex - 6/26/2014 2:57:16 AM   
InstaForex Gertrude

 

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Technical analysis of EUR/JPY for June 26, 2014


Technical outlook and chart setups:
1. The EUR/JPY is stalling around 139.00 levels at the moment, which is also fibonacci 0.50 resistance as seen here. A push above 139.00 here, would test the 139.30/40 levels which is fibonacci 0.618 resistance and trend line confluence.
2. Support is around 137.70/75, followed by 136.50, 134.00 and lower, while resistance is at 139.30/40, followed by 140.00, 141.00 and higher up respectively.
3. The structure indicates that EUR/JPY should be in control of bears until prices remain below 140.00.

Trading recommendations:
Remain flat for now. Look to sell the rally around 139.20/30.

More analysis - at instaforex.com

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Post #: 22
RE: Wave Analysis by InstaForex - 6/27/2014 3:17:17 AM   
InstaForex Gertrude

 

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Short-term forecast for EUR/JPY for June 27, 2014

The pair has been in a down trend from 145.68 levels. The pair has broken the 16-month support trend line and is trading near 50-week Sma at 137.45 levels. It is trading in a very crucial support zone between 137.45-136.20. If the pair hits the 50-week Sma on a closing basis, we can see the extension of the bearish leg towards the initial target at 134.40-134.10 and later 131 .20 levels. On the upside, we have resistance at 138.90, 140.06 and 142 levels. The pair favors selling on the rallies until it crosses above the 143.78 levels. We can see a huge downfall if the pair breaches 136.21 for 131 and 129 levels.

KEY SUPPORT LEVEL 136.20 FOR THE SHORT TERM

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Post #: 23
RE: Wave Analysis by InstaForex - 6/30/2014 3:44:30 AM   
InstaForex Gertrude

 

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Weekly forecast of USD/CHF for June 30-July 04, 2014

The pair has been in a downtrend from 0.9037 levels. It is trading at 0.8909 levels near to its crucial support levels 0.89 (50 days Sma). If the pair breaks the 50 days Sma levels, we can expect selling up to 0.8883, 0.8830, and 0.8770 levels. The momentum oscillators favors to sell in multiple time frames. Today's closing is very crucial for bulls hold above 0.89 levels on closing basis. The pair opened its session in a bearish note opened higher at 0.8913. Until the pair breaches this higher level, we recommend trades not to opt for longs. If the pair manages to breach the resistance level at 0.8913, we can see some up move up to 0.8938 and 0.8954 levels.

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Post #: 24
RE: Wave Analysis by InstaForex - 7/1/2014 4:07:02 AM   
InstaForex Gertrude

 

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Daily analysis of Silver for July 01, 2014

Overview
Based on the H4 chart above, silver is still stabilizing between the Support of 20.90 and the Resistance level of 21.20 after its failure to break the Resistance level last week. If silver continues its bearish move and manages to break the Support level of 20.90 which is being tested now, it would provide a strong indicator for the downward move and open the way towards the Support level of 20.50 as a kickoff. In this case we should wait for the breakout of this level to continue the bearish move. On the other hand, the breakout of this Resistance level will denote a bullish strength providing new buy signals from this level till reaching the Resistance level of 21.50 then 21.75.

Resistance and support levels: R3 (21.75), R2 (21.50), R1 (21.20), S1 (20.90), S2 (20.50), S1(20.20).


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Post #: 25
RE: Wave Analysis by InstaForex - 7/2/2014 3:10:36 AM   
InstaForex Gertrude

 

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Technical analysis of Silver for July 02, 2014


Technical outlook and chart setups:
1. Silver is seen to be topping out around the $21.20 handle at the moment. A dip is expected through the $19.50-$20.00 levels at least, if not lower (potential low cannot be ruled out though). Remain short, risk remains around $21.50/60. 2. Support is seen at $19.50, followed by $19.00, $18.60 and lower while resistance is seen at $21.70, followed by $22.30 and higher up. 3. The structure indicates that Silver may at least retrace/correct itself towards $19.50 levels. The resistance turned support line is also seen to be passing there.

Trading recommendations:
Remain short, stop at $21.50, target is open.

More analysis - at instaforex.com

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Post #: 26
RE: Wave Analysis by InstaForex - 7/3/2014 4:05:06 AM   
InstaForex Gertrude

 

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Daily analysis of Silver for July 03, 2014

Overview
According to our yesterday's expections, the prices close below the Resistance level of 21.20 would give new opportunities for sell signals. As shown in the H4 chart, the metal has failed to break the Resistance level of 21.20 and bounced from it. Currently, the metal is trying to break the Support level of 20.90 and is approachig it to continue its bearish move. On the other hand, the metal's rebound from the Support level of 20.90 cancels the bearish scenario.

Resistance and support levels:
R3 (21.75), R2 (21.50), R1 (21.20), S1 (20.90), S2 (20.50), S1(20.20).

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Post #: 27
RE: Wave Analysis by InstaForex - 7/7/2014 3:48:28 AM   
InstaForex Gertrude

 

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Technical analysis of Gold for July 07, 2014

Technical outlook and chart setups:
1. Gold is finally seen to be reversing after printing highs at $1,330.00 levels last week. The downfall should accelerate towards at least $1,290.00/80.00 levels if not lower. Recommendations are to remain short for now.
2. Support is seen at $1,280.00, followed by $1,260.00, $1,240.00, $1,230.00 and lower while resistance is seen at $1,350.00/60.00, followed by $1,388.00 and higher respectively.
3. The structure indicates that Gold is headed lower for now before reversing.

Trading recommendations:
Remain short, stop at $1,340.00, target is open.


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Post #: 28
RE: Wave Analysis by InstaForex - 7/8/2014 5:02:12 AM   
InstaForex Gertrude

 

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Technical analysis of USD/JPY for July 08, 2014


In Asia, Japan will release the Current Account, Bank Lending y/y, Economy Watchers Sentiment. The US will release some economic data such as NFIB Small Business Index, JOLTS Job Openings. So there is a big probability the USD/JPY pair will move with low volatility during the day.

TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.29.
Resistance. 2: 102.09.
Resistance. 1: 101.89.
Support. 1: 101.64.
Support. 2: 101.44.
Support. 3: 101.24.

DESCRIPTION:
Please, pay attention to the levels of support 3 (101.24) and resistance 3 (102.29). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.


More analysis - at instaforex.com

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Post #: 29
RE: Wave Analysis by InstaForex - 7/9/2014 4:19:04 AM   
InstaForex Gertrude

 

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Daily analysis of GBP/JPY for July 08, 2014


In H4 chart, the price closed below the support level of 174.75 which gave a new opportunity for more bearish signals today. As shown, the price has already broken the Support area and now is approaching the support level of 173.50. Closing below this level again may give us more sell signals till the price tests the support level of 172.75. So, we can consider our first target a few pips above this support level, then 172.30 as the second level. But first, we should wait for breaking the Support level of 173.50 and closing 4H below it, before making a decision. But the price's closing above the support level cancels the bearish scenario.

Resistance and support levels:
R3 (175.30), R2 (174.75), R1 (174.00), S1 (173.50), S2 (172.75), S3 (172.30).

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Post #: 30
RE: Wave Analysis by InstaForex - 7/10/2014 3:10:36 AM   
InstaForex Gertrude

 

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Technical analysis of EUR/USD for July 9, 2014

Trading recommendations:
According to the previous events, the price of the EUR/USD pair is still between the levels of 1.3585 and 1.3625. Moreover, it should be noted that the market was quite stable and the downward trend was also obvious. Futhermore, likewise, the range was around 130 pips last week. Additionally, the value of 38.2% Fibonacci retracement levels is 1.3629 for that the key level of 1.3626, is available for a downtrend to confirm the bearsh market. Therefore, sell deals are recommended below the 1.3626 level with targets at 1.3585 (the double bottom) as it will resume towards 1.3552 in order to test weekly support 1. It should be noted the descending movement will probably be lower than 1.3511 level (it will form a new double bottom). Please check out the market volatility before investing, because the sight price may have already been reached and the scenarios would become invalidate.


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Post #: 31
RE: Wave Analysis by InstaForex - 7/11/2014 3:51:28 AM   
InstaForex Gertrude

 

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Technical analysis of GBP/CHF for July 11, 2014

Technical outlook and chart setups:
1. The GBP/CHF pair is bouncing off the fibonacci 0.50 support levels around 1.5250 levels, as seen here. Please, note that the past resistance turned to support is around the same levels. Recommendations are to initiate long positions, risk remains just below 1.5240.
2. Support is seen at 1.5150, followed by 1.4950, 1.4780 and lower while resistance is seen at 1.5350/60 levels respectively.
3. The structure indicates that GBP/CHF pair may manage to push higher up from 1.5250 levels. Only a break below 1.5150 is a concern.

Trading recommendations:
Initiate longs, stop below 1.5240, target is open.

More analysis - at instaforex.com

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Post #: 32
RE: Wave Analysis by InstaForex - 7/5/2017 12:00:03 AM   
InstaForex Gertrude

 

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Eurozone inflation is not happy

If the buyers of the European currency make an attempt to create an upward movement in the first half of the day, then the weak data on eurozone inflation will scare the rest of the traders who are willing to acquire risky assets, at least for today. In the afternoon, many markets will be closed due to the US Independence Day.

Eurozone producer prices fell again in May indicating weak inflation despite the faster economic growth in the area.

According to the European Union's statistics agency, the eurozone producer price index declined by 0.4% from April's data. Although, compared with the same period in 2016, the index grew by 3.3%. The month-to-month drop was bigger that the 0.1% decrease that economists expected.

Slowing inflation may again be a major headache for the European Central Bank which is currently carrying out various methods to help the economy including implementation of negative interest rates and the asset purchase program to try and achieve stable economic growth and a basic inflation rate under 2.0% .

The statements of the ECB President last week was not able to give assurance that the central bank will immediately reduce monetary policies to stimulate the economy.

The reaction of the Australian dollar to the statements made by the Reserve Bank of Australia may indicate a turning point in the upward movement that began last month.

According to reports released today, the Reserve Bank of Australia left its benchmark interest rate unchanged at 1.50% saying that interest rates are consistent with their objectives in relation with the GDP and inflation. The bank also expects the gradual strengthening of the Australian economy that will be positively affected by the continued large-scale acceleration of global growth.

An important issue for the regulator is the active strengthening of the Australian dollar which will complicate the adjustment of the economy and lower wage growth. As for the Australian labor market, the RBA economists are satisfied with the increase in employment growth in recent months. Despite this, the market indicators themselves remain ambiguous.

From a technical point of view, the five-day growth of the Australian dollar should have undergone a downward correction. However, it's still very early to talk about a turning point for buyers. It is possible that when returning to the lower limit of 0.7549, there will be a demand again for the Australian dollar which is expected to continue towards an upward trend in the medium-term for the trading instrument. Also, large resistance levels around 0.7725 and 0.7765 have not been updated. After testing, one could definitely expect a larger downward correction for the Australian dollar.

Analysis are provided by InstaForex

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Post #: 33
RE: Wave Analysis by InstaForex - 7/5/2017 11:07:00 PM   
InstaForex Gertrude

 

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The euro and the pound slipped slightly against the US dollar

Versatile fundamental statistics from the euro area today has led to a small sale of the euro against the US dollar.

The data, which was released in the morning, showed that the German Services PMI (Purchasing Managers Index) for June increased beyond the preliminary estimate.

According to the IHS Markit report, the German Final Services PMI index grew to 54.0 points against the expected 53.7 points. Meanwhile, the German Composite PMI was at 56.4 points and has been adjusted in respect to the preliminary estimate of 56.1 points. IHS Markit expects that this year, Germany's GDP growth will be 2%.

Bad data on the euro area led to the sale of euro. Despite this, the projection for the eurozone's economic recovery is for it to accelerate in the second quarter of the year.

The IHS Markit report also added that the final composite PMI for the eurozone dropped to 56.3 points for the month of June from 56.8 points in May. Taking into account the preliminary data where the index was expected to decline to 55.7 points, it can be said that there is a slight slowdown in growth because of a time factor.

On the other hand, retail sales in the euro area rose. According to Eurostat. Retail sales in May grew by 0.4% from April's data, significantly exceeding the forecasts of economists. The data may lead to a more stable economic growth rate for the second quarter. Inflation will also be positively affected as expected by the European Central Bank recently.

As for the technical picture of the EURUSD pairing, sellers are trying to reach for a consolidation below 1.1340 which can lead to a new round of selling for the European currencies. However, the pressure on the euro is most likely to remain on the Fed's protocol meeting later today.

It is expected that a more detailed study will make it clear when the committee will start reducing their asset portfolio. Currently, experts anticipate the reduction on September of this year.

Meanwhile, the British pound ignored the date for the services sector.

According to the IHS Markit report, the PMI for the UK service sector fell to 53.4 points in June from 53.8 points in May. Despite a slight decline, the service sector remains a major factor for the UK's economic growth. The service sector results could also be a wake-up call for the Bank of England who is currently focused on tightening monetary policies. Economists expected the index to be at 54.5 points.

Analysis are provided by InstaForex

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Post #: 34
RE: Wave Analysis by InstaForex - 7/6/2017 11:56:32 PM   
InstaForex Gertrude

 

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Strong Data from ADP will Support the Dollar

The Fed's minutes of meeting on June did not show any surprise. With the fact of continuing the Bank's plan to normalize monetary policy with some minor restrictions. On the back of this, the market players cautiously assess the incoming data from the US economic statistics.

In consideration of the published figures, the US dollar was able to gain support, however, not so significant. Today, taking off the market will focus on the release of preliminary data from ADP employment in the private sector of the American economy. They traditionally precede the release of the official figures from the US Department of Labor, which will be issued tomorrow.

According to the forecast from Bloomberg news agency, the number of new jobs in the private sector should grow by 180,000 in June. It can be recalled that the May figures were at the level of 253,000. The consensus forecast assumes a range from 140,000 to 253,000.

It can be assumed that if the data from ADP proves to be positive, holding out or above the forecast level, then it can push the dollar to a new local growth, which will only heighten the wave of publishing the same strong data from the Department of Labor.

Recent developments in the market clearly indicate that the presentation of investors about the prospects for the Fed's monetary policy, though with a creak, but impacts the minds of the most stubborn market players. Therefore, the good news from the labor market will only support the dollar on the wave of keeping the plans of the Federal Reserve.

While other important data that should pay attention today are the figures of applications for unemployment benefits, the index of US business activity in the non-manufacturing sector (PMI) from the ISM for June, of course, the data from the US Department of Energy. In addition, it is expected that FRS member Powell and ECB representative Praet will make some comments. Also, the minutes of June meeting of the ECB will be presented.

Forecast of the day:
The pair EURUSD is still in the short-term downtrend followed by the strengthening of the US dollar. It is expected that when the ADP data came in lower than forecasts, then the pair will resume a smooth correction down to 1.1280 after breaking through the level of 1.1320.

The pair USDJPY is trading above 113.00, hovering in the range of 113.00-113.60. A breakout of the upper range limits the wave of positive data from the ADP which would likely lead to the pair's growth to 114.25.

Analysis are provided by InstaForex

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Post #: 35
RE: Wave Analysis by InstaForex - 7/9/2017 11:42:15 PM   
InstaForex Gertrude

 

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Technical analysis of EUR/USD for July 10, 2017

When the European market opens, some Economic Data will be released, such as Sentix Investor Confidence and German Trade Balance. The US will release the Economic Data, too, such as Consumer Credit m/m and Labor Market Conditions Index m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1457.
Strong Resistance:1.1451.
Original Resistance: 1.1440.
Inner Sell Area: 1.1429.
Target Inner Area: 1.1404.
Inner Buy Area: 1.1377.
Original Support: 1.1368.
Strong Support: 1.1356.
Breakout SELL Level: 1.1350.

Analysis are provided by InstaForex

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Post #: 36
RE: Wave Analysis by InstaForex - 7/10/2017 11:29:49 PM   
InstaForex Gertrude

 

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The Growth of the World Economy May Slow Down

The absence of significant fundamental data causes the market to remain in a state of inactivity. Low volatility today locks several currency pairs in the side channels.

A slight strengthening of the euro was seen only at the beginning of the European session. Growth took place after data showed that Germany's exports in May this year revealed significant growth. This happened against a backdrop of good recovery in global demand since the start of this year.

According to the Federal Statistical Office of Germany, the export of goods in May 2017 rose by 1.4% and reached 107.9 billion euros. Compared with the same period of 2016, German exports rose by 14.1%.

Imports of goods did not lag behind export growth. According to data, in May of this year, imports to Germany grew by 1.2% compared with April and amounted to 87.6 billion euros. Compared to May 2016, the indicator rose by 16.2%.

Overall, Germany's trade surplus in May amounted to 20.3 billion euros, while economists had expected an increase of up to 20.1 billion euros.

An interesting forecast was published today by UBS, as it says that by next year the ECB will buy bonds of approximately €180 billion. UBS believes that the European Central Bank will announce a reduction in the program in September of this year, and by January 2018 it will reduce monthly purchases from 60 to 40 billion euros. In June, according to UBS analysts, this program will end.

If we proceed from this forecast, the demand for the euro in the summer will remain within the maximum range of 1.1450-1.1600. Overcoming this critical range will be possible only after an actual announcement of the completion of the bond purchasing program has been made by the ECB, before the Federal Reserve implements programs aimed at reducing the balance sheet, as well as another hike in interest rates, which is also scheduled for early autumn.

Today the report of the Organisation for Economic Co-operation and Development showed that its composite leading indicator remained steady at the level of 100 points in May of this year compared with 100 points in April.

The OECD revised the likelihood of accelerating global growth downwards. Mainly due to uncertain growth prospects for the US, UK and Russia, which have declined. In terms of positive data, we can note good prospects of accelerating growth for the economies of China and France.

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Post #: 37
RE: Wave Analysis by InstaForex - 7/11/2017 10:47:20 PM   
InstaForex Gertrude

 

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The market is at rest

Yesterday's data on the US and the speech of the President of the Federal Reserve Bank of San Francisco, John Williams, did not give proper to the US dollar.

According to the report of the research group, Conference Board, the index if employment trends in the US for May of this year was revised down to 133.32 points from 133.70 points.

The growth in consumer lending in the US also indicates a stable situation in the US economy.

According to the data provided by the statistics agency, consumer lending in the US for May this year increased by $ 18.41 billion following a growth of $ 12.9 billion in the previous month of April.

Yesterday's speech by the Federal Reserve representative, John Williams, did not lead to major changes in the market.

Williams said that if inflation slows down, it will be in favor of further gradual tightening of monetary policy. This means another increase in interest rates this years is a reasonable baseline scenario.

He also noted that at the present time, there are a lot of signs that the economy is strengthening including the growth of salaries in the US which is in line with expectations. In his opinion, the US fiscal policy is on an unstable path and the reforms that the White house wants to hold will help to improve the situation.

With regard to the reduction of balance, Williams said that it makes sense to begin the normalization as soon as possible this year.

In general, the Federal Reserve representative along with his colleagues did not say anything new. Because of this, the market reaction to his statements did not follow.

As for the technical picture of the EURUSD pair, everything remains the same.

The support level at 1.381 is important since the current upward trend formed on last July 5 will depend on it. A breakthrough in this area will lead to the demolition of a number of stop orders and a decrease in the trading instruments that are already in the support level of 1.1330. If the buyers of the European currency manage to tighten it to the middle level of the channel at 1.1410, then it is likely that the bull scenario will continue to update with the monthly highs of 1.1440 to 1.1470.

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Post #: 38
RE: Wave Analysis by InstaForex - 7/12/2017 11:35:25 PM   
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Yellen's words will be fatal for the dollar

Speeches by members of the Federal Reserve, Brainard and Kashkari, caused the US dollar to collapse on Tuesday. Their words raised fears that the Fed will not risk raising rates anymore for this year and perhaps in the next year too.

In the address of Fed representative, Lael Brainard, she expressed doubts that the next increase in interest rates would occur this year.She reasoned that there are fears caused by the slowing rate of inflation. Despite this, Brainard still actively advocates the beginning of the Central Bank balance sheet reduction saying that it will happen "in the near future." She said that the strong labor market indicates an acceleration in economic activity and that this chance should not be missed. It is necessary to start a smooth and, most importantly, an expected reduction in the bank balance of $4.5 trillion which was mainly accumulated during the three quantitative easing programs.

The most radical comment came from a well-known opponent of the monetary policy tightening, Fed member, Neel Kashkari. The President of the Federal Reserve Bank of Minneapolis, Kashkari, said yesterday that the slowdown in wage growth rate indicates the absence of "overheating" in the economy. Hence, inflationary pressure is not so strong. That's why there is no reason for raising interest rates. He once again confirmed the thesis that the rate hike is a mistake and can lead to negative consequences. Kashkari is the most consistent opponent of tightening the Fed's monetary policy.

Of course, against this background and because of today's expectations on Federal Reserve head, Janet Yellen's speech to the US Congress, the dollar on Tuesday dropped significantly against the euro and the yen. This is caused by the uncertainty in market regarding what the head of the world's biggest central bank would say.

It can be assumed that if her speech is reasonably optimistic today, then the weakening of the dollar will soon stop and it may even grow against the euro and the yen on the wave of partial closure of long positions in these currencies. Further growth in the dollar may resume only if Friday's inflation data in the States prove to be positive. However, if Yellen expresses even some doubt that interest rates will be raised this year again, then the weakening of the dollar will continue. This will also increase the wave of inflation data that is already high, if she disappoints. Forecast of the day:

The EUR/USD currency pair is corrected down after reaching a new local maximum, However, it can continue to decline on if the speech to the Congress of the head of the Federal Reserve, Janet Yellen, contains positive sentiment regarding the prospects of the US economy. On this wave, the price decline below the 1.1445 mark may turn lower to the 1.1385 mark and then to 1.1320.

The USD/JPY currency pair fell on the wave of uncertain growth in the Fed's monetary policy report which will be presented today along with Yellen's speech in the Congress. However, the situation may change if the report and the speech are positive. In this case, the price can overcome the 113.60 mark and strive to the 114.25 mark.

Analysis are provided by InstaForex

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Post #: 39
RE: Wave Analysis by InstaForex - 7/13/2017 10:48:00 PM   
InstaForex Gertrude

 

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The U.S. Maintains Moderate Inflationary Pressure

Data on consumer price inflation in Germany did not support the European currency, as it was fully in line with economists' forecast.

Given the fact that the data was in line with expectations, a new trend in relation to the buying of the European currency, which was observed at the Asian session, was not formed.

According to the statistics agency, the final consumer price index of Germany in June this year increased by 0.2% compared with May.

Core inflation, which excludes the volatile categories of goods, also increased.

Today, there were talks in the market that in August ECB President Mario may express the strengthening of the central bank's confidence in the eurozone economy, which could weaken its dependence on monetary stimulus.

If the future of the current stimulus program , under with the ECB buys assets worth

In the second half of the day, the data on US inflation was released, which was slightly different from the forecasts of economists.

According to a report of the US Department of Labor, the indicator for the final demand in the US rose in June, indicating a moderate increase in inflationary pressure in the economy.

In general, the technical picture in the EURUSD pair remains on the side of the US dollar buyers, and will depend much on what the chairman of the Federal Reserve Janet Yellen says, since it is her remarks that will determine the future direction in the trading instrument.

A break of support at 1.1380 resume sales on EURUSD, which will lead to the renewal of 1.1330 and 1.1250. The return to the level of 1.1420 will serve as an opportunity to build new long positions in order to return to monthly highs in the 1.1500 area.

Analysis are provided by InstaForex

(in reply to InstaForex Gertrude)
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