OI: NYSE Extends Business'’s Due date To Submit Kind 20-F For 6 Months

By | November 21, 2017

The New York Stock Exchange (NYSE) extended the due date for the Brazilian telecoms company Oi to file the annual report on Form 20-F for the 2016 at the Securities and Exchange Commission (SEC) to May 17, 2018.

Inning accordance with a statement by the company, the ruling prevents non-compliance with NYSE guidelines. Nevertheless, the New York Stock Exchange may suspend the trading of Oi’s securities prior to the due date in the event of any significant unfavorable occasions.

“The business is devoted to submitting the 2016 Annual Report as quickly as possible, however the company does not currently have the info it has to estimate a particular date by which it will file the report,” Oi stated in the statement.

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Jonathon Alexander

BRAZIL: Temer Begins Cabinet Changes To Prop Up Support For Pension Reform

By | November 21, 2017

The Brazilian federal government is continuing with a cabinet reform to please allied celebrations and increase Congressional assistance to the pension system reform expense, which waits for a Home floor vote.

While experts think about the pension reform important to balance the federal government’s accounts, lots of allied representatives fear to lose votes in next year’s general elections if they sponsor the bill.

Recently, Bruno Ara?jo left the Ministry of Cities amid a political rift in his party, the PSDB, which is progressively divided on its assistance to President Michel Temer. In his letter of termination, Araujo stated that he lacked political assistance to remain in workplace.

Now, another political celebration, Podemos, said that Alexandre Baldy, one of its members, would change Araujo (PSDB) as the Minister of Cities. Podemos, nevertheless, dropped Baldy arguing that it wishes to remain independent of the present government.

Baldy is a previous member of PSDB and, as the head of the Ministry of Cities, will coordinate social programs like Minha Casa Minha Vida (My Home My Life), that makes real estate less expensive to low and medium income households.

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

Jonathon Alexander

Daily analysis of USD/JPY for November 21, 2017 888011000 110888 Introduction The USD/JPY set revealed some rise the other day to approach the essential resistance 113.00, discovering that stochastic programs clear overbought signals now. Overlapping negatively on the four-hours time frame, which forms a negative motive that we are waiting to assist to press the rate to break 111.90 level and open the way to extend the correctional bearish wave towards 111.00. For that reason, we still suggest the bearish trend in the upcoming sessions on the premises of the unfavorable pressure formed by the EMA50. Please note that breaching 113.00– 113.25 levels will stop the predicted decline and push the rate to regain its main bullish track once again. The expected trading variety for today is between 111.50 assistance and 113.25 resistance. The material has actually been supplied by InstaForex Company-www.instaforex.com

By | November 21, 2017

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Overview

The USD/JPY pair showed some rise yesterday to approach the key resistance 113.00, noticing that stochastic shows clear overbought signals now. Besides overlapping negatively on the four-hours time frame, which forms a negative motive that we are waiting to assist to push the price to break 111.90 level and open the way to extend the correctional bearish wave towards 111.00. Therefore, we still suggest the bearish trend in the upcoming sessions on the grounds of the negative pressure formed by the EMA50. Please note that breaching 113.00 – 113.25 levels will stop the expected decline and push the price to regain its main bullish track again. The expected trading range for today is between 111.50 support and 113.25 resistance.

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

Jonathon Alexander

Day-to-day analysis of GBP/JPY for November 21, 2017 888011000 110888 Introduction The GBP/JPY set validated the bullish pattern by forming a new bullish wave to move away from the support at 147.35. The cost gains momentum from the stability of the moving average 55 near the existing assistance, which increases the possibility of restoring the bullish attack. The first upward target could be 150.00, then we should wait on the next target at 151.50. Stochastic’s form to a bullish rally above 50 level enhances the bullish predisposition domination, opening the way to additional momentum that verifies the attempt of recording the pointed out targets. The anticipated trading range for today is in between 148.40 and 150.00 The material has actually been offered by InstaForex Company-www.instaforex.com

By | November 21, 2017

GBPJPYH4.png

Overview

The GBP/JPY pair confirmed the bullish trend by forming a new bullish wave to move away from the support at 147.35. The price gains momentum from the stability of the moving average 55 near the current support, which increases the possibility of renewing the bullish attack. The first upward target could be 150.00, then we should wait for the next target at 151.50. Stochastic’s form to a bullish rally above 50 level reinforces the bullish bias domination, opening the way towards extra momentum that confirms the attempt of recording the mentioned targets. The expected trading range for today is between 148.40 and 150.00

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

Jonathon Alexander

Day-to-day analysis of Gold for November 21, 2017 888011000 110888 Introduction Gold cost begins the attempts to exceed 1,281.17 level now, motivated by stochastic’s positivity that is shown on the four-hour time frame. Please note that breaching the mentioned level will press the cost to 1,299.20 straight. In general, the bullish trend will remain active for today on condition of holding above 1,272.00. Breaching the targeted level will push the cost towards 1,321.50as the next primary station. The expected trading variety for today is in between 1,272.00 assistance and 1,295.00 resistance.The product has been provided by InstaForex Company-www.instaforex.com

By | November 21, 2017

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Overview

Gold price begins the attempts to surpass 1,281.17 level now, encouraged by stochastic’s positivity that is displayed on the four-hour time frame. Please note that breaching the mentioned level will push the price towards 1,299.20 directly. In general, the bullish trend will remain active for today on condition of holding above 1,272.00. Breaching the targeted level will push the price towards 1,321.50 as the next main station. The expected trading range for today is between 1,272.00 support and 1,295.00 resistance.

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

Jonathon Alexander

Everyday analysis of Silver for November 20, 2017 888011000 110888 Introduction Silver price is again fluctuating around the EMA50, after checking 17.43 level in the previous sessions. The metal needs to acquire strong momentum to encourage the possibilities of breaching the pointed out level to verify a further bullish wave to 18.30 that represents our next main target. In general, we keep our positive summary for the short term unless breaking 16.56 level and holding below it, as breaking this level will nudge the cost to go to 15.49 areas prior to any brand-new attempt to rise. The expected trading variety for today is between 16.75 assistance and 17.20 resistance.The product has actually been supplied by InstaForex Company-www.instaforex.com

By | November 21, 2017

SILVERH4.png

Overview

Silver price is again fluctuating around the EMA50, after testing 17.43 level in the previous sessions. The metal needs to gain strong momentum to encourage the chances of breaching the mentioned level to confirm a further bullish wave towards 18.30 that represents our next main target. In general, we keep our positive overview for the short term unless breaking 16.56 level and holding below it, as breaking this level will nudge the price to visit 15.49 areas before any new attempt to rise. The expected trading range for today is between 16.75 support and 17.20 resistance.

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

Jonathon Alexander

Belgium Customer Self-confidence Alleviates In November

By | November 21, 2017

Belgium customer confidence damaged for the first time in five months in November as homes economic expectations worn down, survey data from the National Bank of Belgium showed on Tuesday.

The consumer confidence index dropped to 3 from 4 in October.

The economic expectations index was up to 6 from 9 and the monetary outlook index dropped to 0 from 1.

Customers were hoped to save less in the coming 12 months as the appropriate step declined to a five-month low of 2 from 3.

Households anticipate the unemployment scenario to improve over the coming 12 months as the sign fell to -5 from -4 in the previous month. The latest reading is the most affordable considering that February 2001, the bank said.

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

Jonathon Alexander

BITCOIN Analysis for November 21, 2017 888011000 110888 After a spontaneous bullish move, the rate has actually remained above $8,200 area, going for a retracement which was observed in the market just recently. Bitcoin has revealed some sharp bearish pressure recently that made the cost fall towards $7,700 price level however as usual the price has gained back the bullish momentum after bouncing off the Kumo Cloud assistance area and is currently living above $8,200 price area. There are numerous speak about launching Bitcoin Options which can be identified as rumors. If the event takes place Bitcoin is anticipated to gain more impulsive bullish momentum in the coming days. Since the current circumstance, cost is expected to correct itself a bit in between the range of $8,000-$8,250 prior to breaking above it and making a spontaneous move with target towards $9,000. As the price remains above the Kumo Cloud assistance and $7,500, the bullish predisposition is set to continue further. The material has actually been provided by InstaForex Company -www.instaforex.com

By | November 21, 2017

After an impulsive bullish move, the price has remained above $8,200 area, aiming for a retracement which was observed in the market recently. Bitcoin has shown some sharp bearish pressure recently which made the price fall towards $7,700 price level but as usual the price has regained the bullish momentum after bouncing off the Kumo Cloud support area and is currently residing above $8,200 price area. There are many talks about launching Bitcoin Options which can be labelled as rumors. However, if the event occurs Bitcoin is expected to gain more impulsive bullish momentum in the coming days. As of the current scenario, price is expected to correct itself a bit between the range of $8,000-$8,250 before breaking above it and making an impulsive move with target towards $9,000. As the price remains above the Kumo Cloud support and $7,500, the bullish bias is set to continue further.

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

Jonathon Alexander

Hungary Central Bank Leaves Rates Unchanged For 2nd Month

By | November 21, 2017

Hungary’s central bank held its rate of interest consistent for a 2nd straight month on Tuesday,

The Monetary Council of the Magyar Nemzeti Bank kept the base rate at 0.90 percent, in line with economists’ expectations. The bank held the rate steady for an eighteenth month in a row.

The reserve bank had cut the key rate by 15 basis points in March in 2015, which was the very first decrease in 8 months. Comparable size cuts were duplicated in April and May last year.

The overnight central bank deposit rate kept at -0.15 percent, after it was decreased by 10 basis points in September. The rate was cut to negative in 2015.

The financing rate was kept unchanged at 0.90 percent.

Capital Economics economic expert Liam Carson expects the bank to reverse course next year and tighten policy as heading inflation is set to increase above target in early-2018.

“However there’s a growing risk that policy is kept too loose for too long,” the financial expert said. “That might lead to a nastier inflation shock – and more aggressive rate walkings – even more down the line.”

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

Jonathon Alexander

International macro overview for 21/11/2017

By | November 21, 2017

Chairperson Janet Yellen announced yesterday that she would not stay on the Fed board after turning over to

Jerome Powell. The choice to reduce the term of workplace(initially up until 2024 )was foreseeable-it was challenging to be number 2 if it was number 1. President Trump then holds another seat on the board from the fill, raising their number to four (from seven). The names are to be revealed prior to completion of the year, and amongst the prospective prospects is still the race loses president John Taylor. As an outcome, the Fed’s board might become hijacked(as Powell is dealt with as neutral)by hawks. Besides, the rotation of ballot rights at the FOMC meetings among local guvs in 2018 provides the hawkish authorities. It is uncertain that the USD was quick to count on a favorable impulse. The market tends to play the Fed’s policy from meeting to conference. Almost a particular rate hike in December is completely discounted. When the Fed offers a clear signal that another rate hike in March 2018 is most likely, another wave of dollar appreciation under the impact of financial policy will appear just. Till then, macroeconomic and fiscal policies stay above the hierarchy of factors.Let’s now take a look at the USD/JPY technical photo at the H4 timespan. The bulls have actually handled to break out above the black trend line at the level of 112.15, however no brand-new high was made yet and the rate is back inside the downward channel zone. The momentum is not speeding up up, however the marketplace conditions prefer the dip buyers. The product has been supplied by InstaForex Company- www.instaforex.com

Jonathon Alexander