Treasuries Close Decently Higher Ahead Of Healthcare Vote

By | March 24, 2017

Following the pullback seen in the previous session, treasuries moved back to the advantage throughout the trading day on Friday.

Bond rates initially revealed an absence of instructions however climbed up into favorable area as the day progressed. As a result, the yield on the benchmark ten-year note, which moves reverse of its rate, edged down by 1.8 basis points to 2.400 percent.

The modest rebound by treasuries came as traders concentrated on advancements on Capitol Hill, with the House set to hold a vote on a Republican bill to replace and repeal Obamacare.

Home Republican politician leaders delayed a vote on the expense on Thursday amidst indicators of a lack of support, but President Donald Trump has actually required that the vote move forward today.

“After seven terrible years of ObamaCare (escalating premiums & & deductibles, bad health care), this is finally your opportunity for an excellent plan!” Trump said in a post on Twitter.

With Democrats expected to be merged in opposition, Republicans can afford only twenty-one defections in the House and are likely to face an even tougher uphill struggle in the Senate.

Trump has cautioned Republican lawmakers that voters might penalize them if they do not enact favor of the legislation to dismantle Obamacare.

If a vote on the replacement fails, it could call into question Trump’s capability to deliver on promises of increased infrastructure spending, tax cuts and deregulation.

After a quiet start, the financial calendar picks up as next week progresses, with traders most likely to watch on reports on consumer self-confidence, pending home sales and individual earnings and spending.

Speeches by a number of Federal Reserve officials are also likely to draw in attention after the central bank’s rates of interest hike earlier this month.

Bond trading might likewise be impacted by response to the results of the Treasury Department’s auctions of two-year, five-year, and seven-year notes.

The Treasury said it prepares to offer $26 billion worth of two-year notes next Monday, $34 billion worth of five-year notes next Tuesday, and $28 billion worth of seven-year notes next Wednesday.

The material has been supplied by InstaForex Company – www.instaforex.com

Jonathon Alexander

Crude Oil Cuts Weekly Losses, Rig Count Skyrockets

By | March 24, 2017

Crude oil futures edged greater Friday, but posted a 3rd straight weekly loss amidst additional indications of robust U.S. production.

Baker Hughes stated the variety of active U.S. rigs drilling for oil increased by 21 to 652 rigs today, having surged higher just about weekly this winter season.

U.S. crude oil inventories are already at record highs. The EIA said Wednesday that stockpiles rose another 4.5 million barrels last week.

OPEC is apparently having a hard time for full compliance with its supply quota strategy.

Although Saudi Arabia is cutting production substantially, the cartel might extent their pact with Russia through the rest of the year in order to end the international supply excess.

May WTI oil gained 27 cents, or 0.6%, to settle at $47.97/ bbl today. Costs were down 1.7% for the week.

The product has actually been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander

Daily Forex Technical Analysis|EUR/JPY|24th March 2017 888011000 110888 We take a good detailed look at EUR/JPY and see if there are any trading chances for us to make some juicy pips!We integrate the art of Fibonacci retracements, Fibonacci extensions, Assistance & & Resistance together with Stochastic and the RSI to determine the very best entry, stop loss and profit targets.Subscribe to my channel for more day-to-day technical analysis!The product has actually been supplied by InstaForex Business-www.instaforex.com

By | March 24, 2017

We take a nice detailed look at EUR/JPY and see if there are any trading opportunities for us to make some juicy pips!

We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and the RSI to determine the best entry, stop loss and profit targets.

Subscribe to my channel for more daily technical analysis!

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Daily Video Technical Analysis|AUD/USD|24th March 2017 888011000 110888 We take a nice comprehensive look at AUD/USD and see if there are any trading opportunities for us to make some juicy pips!We combine the art of Fibonacci retracements, Fibonacci extensions, Support & & Resistance together with Stochastic and RSI to identify the best entry, stop loss and profit targets.Subscribe to me for more day-to-day technical analysis!The material has been supplied by InstaForex Company-www.instaforex.com

By | March 24, 2017

We take a nice detailed look at AUD/USD and see if there are any trading opportunities for us to make some juicy pips!

We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets.

Subscribe to me for more daily technical analysis!

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

NZD/USD is dropping nicely, stay bearish

By | March 24, 2017

The cost continues to drop perfectly from our offering location as expected and is seeing a nice bearish response below 0.7065 resistance( Fibonacci retracement, Fibonacci extension )where we anticipate a drop to a minimum of 0.6968 assistance(Fibonacci retracement, current swing low support ). We can see that the rate has made a bearish exit in a similar fashion to Stochastic which provides us stronger conviction of a drop from here.Stochastic( 21,5,3)sees major resistance at 95%and has bearish divergence versus the cost which signifies a strong drop is impending. It has likewise made a response off its bearish pullback with great disadvantage potential.Sell below 0.7065. Stop loss is at 0.7113. Take revenue is at 0.6968. The product has actually been provided by InstaForex Business-www.instaforex.com

Jonathon Alexander

EUR/JPY profit target reached, prepare to purchase

By | March 24, 2017

The price has actually shot down and reached our earnings target. We prepare to buy above major assistance at 119.15(Fibonacci extension, Fibonacci retracement )for a bounce up to a minimum of 120.33(Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong assistance above the 4.2% level and also shows bullish divergence versus the price.Buy above 119.15. Stop loss is at 118.54. Take profit is at 120.33.

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The material has been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander

AUD/USD revenue target reached perfectly, time to begin buying

By | March 24, 2017

The cost has actually dropped completely and reached our profit target. We now look to buy above 0.7619 assistance(Fibonacci retracement, Fibonacci extension, and horizontal overlap assistance )for a push up to 0.7684 resistance(Fibonacci retracement, current swing high resistance). Stop loss is at 0.7583 (Fibonacci retracement, horizontal pullback resistance)in case the cost drops further.Stochastic (21,5,3)is seeing strong assistance above the 3.8% where we expect a bounce from.Buy above 0.7619.

Stop loss is at 0.7583. Take profit is at 0.7684. The product has actually been offered by InstaForex Business-www.instaforex.com

Jonathon Alexander

Trading Plan for EUR/USD and Gold for March 24, 2017 888011000 110888 Technical outlook: The EURUSD had dropped yesterday inning accordance with the plan talked about here and almost hit the first levels at 1.0750, prior to drawing back greater once again. The current wave structure exposes that the rally is restorative in nature a minimum of in the meantime. As identified here on the hourly chart, the drop from 1.0825 levels unfolded into 5 waves, labeled i through v. This termination could be wave 1 of one higher degree or wave A of the A-B-C corrective drop. The rally through 1.0810 levels today might be wave 2 or wave B. A drop to 1.0700 and 1.0650 levels is expected. The more course of the trend may be decided later on. Immediate resistance is seen at 1.0825 levels, while assistance is at 1.0700/ 10 levels. Just if EURUSD breaks above 1.0829 levels, the drop might be delayed further. Please keep in mind that the pair mayhave already formeda significant top at 1.0825 levels but need to follow through lower to verify the same.Trading plan: Please stay short for now and add fresh positions here, stop at 1.0875, targeting a minimum of 1.0700 and 1.0650 levels.Gold chart setups: Technical outlook: Gold seems to have topped out in the meantime after printing intraday highs the other day at $1253 levels. The 4H wave structure still recommends that the rally from$ 1195 is restorative in nature as identified here. The general wave counts and high likelihood recommends that Gold had dropped into 5 waves previously forming an impulse, identified as wave A. Additionally the metal has actually now terminated into wave B, and must be aiming to drop lower into wave C lower towards $1180 levels prior to resuming its general rally. The alternate wave count could be that the metal might drop in a corrective way and discover support around $1217 levels before resuming rally. A drop lower is expected at least towards $1217/20 levels from here. Please note that resistance is seen at $1253 levels, while assistance is at $1195 levels respectively. Just a push above $1253 levels now would put the above wave count as void.Trading strategy:Please stay shortin the meantime, stop at 1256, targeting 1225.Essential outlook:Without any major fundamental news today, the volatility is anticipated to remain less and costs ought to not anticipate significant triggers. Look out for the USD Manufacturing PMI to be out in the next 10 minutes, though.Good luck!The material has actuallybeen provided by InstaForex Company-www.instaforex.com

By | March 24, 2017

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Technical outlook:

The EURUSD had dropped yesterday according to the plan discussed here and almost hit the first levels at 1.0750, before pulling back higher again. The current wave structure reveals that the rally is corrective in nature at least for now. As labeled here on the hourly chart, the drop from 1.0825 levels unfolded into 5 waves, labeled i through v. This termination could be wave 1 of one higher degree or wave A of the A-B-C corrective drop. Furthermore, the rally through 1.0810 levels today could be wave 2 or wave B. In either case, a drop towards 1.0700 and 1.0650 levels is expected. The further course of the trend may be decided later on. Immediate resistance is seen at 1.0825 levels, while support is at 1.0700/10 levels. Only if EURUSD breaks above 1.0829 levels, the drop could be delayed further. Please note that the pair might have already formed a meaningful top at 1.0825 levels but need to follow through lower to confirm the same.

Trading plan:

Please remain short for now and add fresh positions here, stop at 1.0875, targeting at least 1.0700 and 1.0650 levels.

Gold chart setups:

analytics58d51d8e07778.jpg

Technical outlook:

Gold seems to have topped out for now after printing intraday highs yesterday at $1253 levels. The 4H wave structure still suggests that the rally from $1195 is corrective in nature as labeled here. The overall wave counts and high probability suggests that Gold had dropped into 5 waves earlier forming an impulse, labeled as wave A. Furthermore the metal has now terminated into wave B, and should be looking to drop lower into wave C lower towards $1180 levels before resuming its overall rally. The alternate wave count could be that the metal could drop in a corrective manner and find support around $1217 levels before resuming rally. In either case, a drop lower is expected at least towards $1217/20 levels from here. Please note that resistance is seen at $1253 levels, while support is at $1195 levels respectively. Only a push above $1253 levels now would put the above wave count as void.

Trading plan:

Please remain short for now, stop at 1256, targeting 1225.

Fundamental outlook:

With no major fundamental news today, the volatility is expected to remain less and prices should not expect major triggers. Watch out for the USD Manufacturing PMI to be out in the next 10 minutes, though.

Good luck!

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander