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To open long positions for EUR/ USD, you need: Break and consolidation above 1.1724 level will be a great signal for euro purchases, and while the trade will be carried out above this variety, one can count on the extension of the upward pattern with the renewal of resistance 1.1756 and the exit to the monthly maximum in the location of 1.1787, where I recommend repairing earnings. In case of a decline in the euro in the very first half of the day, support must be offered by the area of 1.1693, and otherwise it is possible to open long positions for a rebound from 1.1658.

To open brief positions for EUR/ USD, you need:

The development of a false breakout and a go back to resistance level 1.1724 will be the first signal to the euro sales in order to reduce to the support location 1.1693, the advancement of which might result in a bigger sale of the European currency with the renewal of the location 1.1658 and 1.1622, where I suggest repairing earnings. In case of euro growth in the very first half of the day, you can count on short positions after the formation of an incorrect breakdown at resistance 1.1756 or on a rebound from 1.1787.

Description of indicators

MA (average sliding) 50 days – yellow

MA (average sliding) 30 days – green

MACD: quick EMA 12, sluggish EMA 26, SMA 9

Bollinger Bands 20

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

Bitcoin has been impulsive with the bullish gains recently which made the price reside above $6,500 area again with a daily close. Bitcoin has gained slightly over 4% in the intraday trade which signals great momentum in the recent price action that indicates further impulsive bullish pressure to push the price higher towards $8,000 in the coming days. At present, despite no negative fundamentals, the price is quite indecisive at the edge of Kumo Cloud resistance after breaking above $6,500. Though certain corrective indecision is unfolding, the price is expected to continue climbing higher in the future with a target towards $8,000 as the price remains above $6,500 with a daily close.

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

EUR/JPY has been trading with the bullish trajectory. The upward momentum led the price to reside around the resistance area of 131.50-132.00 from where it is expected to push lower in the coming days. EUR has managed to gain momentum despite recent mixed economic reports which subdued impulsive bullish pressure in the market.

Recently, Italy’s Trade Balance report was published with an increase to 3.38B from the previous figure of 2.99B which was expected to be at 3.25B and the euro area’s trade balance report was published with a decrease to 16.9B from the previous figure of 18.0B which was expected to be at 17.6B. Ahead of the CPI report tomorrow which is expected to be unchanged at 2.0%, EUR is expected to trade roughly flat.

On the other hand, amid the celebration of Marine Day recently, Japan did not release any economic reports and hold any events today. On Thursday, Japan’s Trade Balance report is going to be published which is expected to increase to 0.15T from the previous figure of -0.30T. On Friday, National Core CPI report is going to be published which is also expected to increase to 0.8% from the previous value of 0.7%.

At present, EUR gains are waning gradually against JPY. Any positive economic report from Japan or worse-than-expected report from the eurozone may arouse momentum in JPY, resulting in further bearish pressure in EUR/JPY in the coming days.

Now let us look at the technical view. The price has formed Bearish Divergence, while the price is residing inside the resistance area of 131.50-132.00 with a daily close. Currently, a bearish daily close is expected in the market before the price declines lower in the coming days. A daily close below 131.50 area will lead to further bearish momentum with a target towards 129.50 and later towards 125.00 support area in the future.

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

Italy’s commercial orders rebounded strongly in May, while sales grew at a quicker speed, data from the statistical office Istat showed Tuesday.

Industrial orders climbed up a seasonally adjusted 3.6 percent month-over-month in May, reversing a 0.6 percent fall in April.

Domestic need rose 1.5 percent over the month, while export orders grew by 5.5 percent.

On a yearly basis, growth in orders relieved to 4.9 percent in May from 7.2 percent in the preceding month.

Information also showed that commercial turnover rose 1.7 percent monthly in May, after a 0.2 percent rise in April.

Annually, commercial sales grew at a much faster pace of 5.0 percent, following a 3.5 percent increase in the previous month.

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

Italy Jun HICP Increases 0.2% On Month, Flash 0.3%

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Donald Trump is going to Europe, problems associated with global security are at the center of attention. This helps to alleviate investors ‘fear of trade wars, which creates a favorable environment for risky currencies and possessions. Optimism, however, is cooled by another huge crude oil discount rate and a huge frustration, which showed to be the outcomes of Netflix, among the companies from the FAANG group, which guaranteed the strength of Wall Street.EUR/ USD returns above 1.17, but in the evening the range of changes was limited to around 20 pips. After breaking the last 3 weeks, the down pattern line USD/ JPY remains close to 112.50. The GBP/ USD has also gone through high volatility in the last days compared to the majority of the G-10 sets. Friday’s minimum is practically 1.31 and yesterday’s peak fell close to 1.33. Presently, the rate is at 1.3240. On Tuesday the 17th of July, the occasion calendar is light in the important data releases, but the market individuals ought to keep an eye on Claimant Count Modification and Typical Profits Index in the UK, the Manufacturing Deliveries information from Canada and Industrial and Manufacturing Production from the United States. Furthermore, there is a scheduled speech from Federal Reserve Chairman Jerome Powell later on throughout the session.NZD/ USD analysis for 17/07/2018: Among the major pairs today, NZD leads the way. Undoubtedly, consumer inflation checking out for the second quarter was lower than anticipated (1.5%year-on-year with expected 1.6%year-on-year), however the show was guided by core inflation, whose characteristics at the level of 1.7 %y/y was the greatest considering that 2011. In addition, the reading of the indication for the first three months of this year was revised upwards.Let’s now take a look at the NZD/USD technical image at the H4 amount of time. The rate is growing today by about 1.0 %and is heading to 0.6856 resistance on positive and strong momentum and there is a lot of room to the advantage if this level is breached. The nearest support is seen at the level of 0.6792. The product has been provided by InstaForex Business -www.instaforex.com

When the European market opens, there’s no Economic Data will be released from the Euro Zone, but The US will release the Economic Data such as TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, and Capacity Utilization Rate, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1767.

Strong Resistance:1.1760.

Original Resistance: 1.1749.

Inner Sell Area: 1.1738.

Target Inner Area: 1.1710.

Inner Buy Area: 1.1682.

Original Support: 1.1671.

Strong Support: 1.1660.

Breakout SELL Level: 1.1653.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, and Capacity Utilization Rate. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 113.08.

Resistance. 2: 112.85.

Resistance. 1: 112.64.

Support. 1: 112.36.

Support. 2: 112.14.

Support. 3: 111.92.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Members of the Reserve Bank of Australia’s monetary policy board stated that the country’s financial development is continuing at an appropriate race, minutes from the central bank’s July 3 conference exposed on Tuesday.

In basic, worldwide economic growth continues – with a number of countries climbing up at a rate above trend. The bank yielded that unpredictable U.S. trade policy is a downside danger, nevertheless.

“Issues about the direction of global trade policy in the United States and its result on the worldwide outlook had actually magnified over the prior month,” the minutes said.

At the conference, the RBA chose to keep its benchmark financing rate the same at the record low 1.50 percent.

A steady pick-up in inflation is expected as the economy strengthens. Inflation is anticipated to be a bit above 2 percent in 2018.

The Australian dollar has diminished a little but remains within the variety that it has remained in over the past 2 years, the bank observed.

Core inflation continues to be beneath the reserve bank’s target variety, the bank stated, and the next move on the cash rate is likely to be an increase.

“Because development towards a lower joblessness rate and an inflation rate closer to the midpoint of the target variety was likely to be steady, they likewise concurred there was no strong case for a near-term modification in monetary policy,” the minutes said.

The bank offered a favorable outlook for the labor market. The vacancy rate is other and high positive indications continue to point to solid growth in work, the bank kept in mind.

The RBA stated the rate of salaries development appears to have troughed and there are increasing reports of abilities shortages in some locations.

“The board evaluated that holding the stance of monetary policy the same at this meeting would follow sustainable growth in the economy and attaining the inflation target in time,” the minutes said.

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

Inflation in New Zealand got 0.4 percent on quarter in the 2nd quarter of 2018, Stats New Zealand said on Tuesday.

That was underneath expectations for 0.5 percent, which would have been the same from the previous three months.

On a yearly basis, consumer rates climbed up 1.5 percent – once again shy of projections for 1.6 percent however up from 1.1 percent in the 3 months prior.

The largest contributor to inflation was higher costs for real estate and household utilities, up 0.9 percent on quarter and 3.1 percent on year.

In the quarter, construction prices in Auckland and Wellington increased 0.6 percent and 0.7 percent, respectively. For the rest of the North Island, prices were up 1.2 percent – twice as high as the significant centers.

Rents rose 0.8 percent in the quarter and 2.5 percent in the year, while construction of new residences (omitting land) increased 1.1 percent on quarter and 3.9 percent on year. Electrical energy costs rose 1.7 on quarter and 2.9 percent on year.

“New Zealanders are paying more to keep their homes running,” costs senior manager Paul Pascoe stated. Rates, residential or commercial property upkeep services, and house insurance are all higher than they were this time last year.”

Greater premiums, fire service, and earthquake levies across the year all contributed to an 18 percent boost in dwelling insurance in the year.

Fuel prices rose 3.2 percent on quarter, but this was countered by lower rates for utilized cars and trucks and house entertainment. Used cars and truck prices fell 3.3 percent, while customer TELEVISION and audio-visual devices fell 7.2 percent and 15 percent, respectively.

“It was cheaper to purchase a used car this quarter as dealers sought to move some stock, however that was balanced out by higher running costs,” Pascoe stated. “With execution of the regional fuel tax on 1 July, Auckland consumers will experience greater prices next quarter.”

The nationwide typical cost for a liter of 91 octane reached NZ$ 2.06 in June, with rate movements varying throughout the areas. Wellington and the South Island had significantly greater inflation than Auckland and the rest of the North Island.

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