Monthly Archives: November 2016

<aDay-to-day analysis of USDX for December 01, 2016 888011000 110888 USDX stays capped by the resistance level of 101.74, as the bullish force is compromising in an overall view. There are still chances to see a walking above that resistance and if that takes place, we can expect more gains towards the 102.61 level. If 200 SMA dynamic assistance gives up, a decrease needs to take the index to test the 100.53 level. H1 chart’s resistance levels: 101.74/ 102.61 H1 chart’s assistance levels: 100.53/ 99.39 Trading suggestions for today: Based upon the H1 chart, place purchase( long). If the USD Index, orders just. breaks with. a bullish.candlestick;. the resistance. level is at. 101.74,. take profit is at. 102.61. and stop loss is at 100.87. The material has actually been supplied by InstaForex Company- www.instaforex.com

By | November 30, 2016

USDX remains capped by the resistance level of 101.74, as the bullish
force is weakening in an overall view. However, there are still
chances to see a hike above that resistance and if that happens, we
can expect further gains toward the 102.61 level. However, if 200 SMA
dynamic support gives up, a decline should take the index to test the
100.53 level.

USDXH1.png

H1 chart’s resistance
levels: 101.74 / 102.61

H1 chart’s support levels:
100.53 / 99.39

Trading recommendations for today:
Based on the H1 chart, place
buy
(long)
orders only if the USD Index
breaks with
a bullish
candlestick;
the resistance
level is at
101.74,
take profit is at
102.61
and stop loss is at 100.87.

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

Day-to-day analysis of GBP/JPY for November 30, 2016 888011000 110888 Overview The GBPJPY rate showed combined trading the other day impacted by the contradiction in between primary indications. The set settled at 140.60 levels. We noted the price effort to rally above the bearish channel’s resistance, however we could not validate these bullish efforts unless there is a positive close in the day-to-day period. Therefore, we suggest remaining neutral for the day awaiting the needed daily near to discover the primary pattern in the upcoming period. In case of successful confirmation of positive characteristics, the price will rise to 143.20 reaching 148.35, while its stability within the bearish channel will increase the unfavorable pressure on the upcoming trading. The anticipated trading variety for today is in between 138.60 and 143.20. The product has been provided by InstaForex Business- www.instaforex.com

By | November 30, 2016

GBPJPYH4.png

Overview

The GBPJPY price showed mixed trading yesterday affected by the contradiction between main indicators. The pair settled at 140.60 levels. We noted the price attempt to rally above the bearish channel’s resistance, but we could not confirm these bullish attempts unless there is a positive close in the daily period. Therefore, we recommend staying neutral for the day waiting for the required daily close to detect the main trend in the upcoming period. In case of successful confirmation of positive dynamics, the price will rise to 143.20 reaching 148.35, while its stability within the bearish channel will increase the negative pressure on the upcoming trading. The expected trading range for today is between 138.60 and 143.20.

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

Day-to-day analysis of Gold for November 30, 2016 888011000 110888 Summary The gold rate continues changing near the previously broken support line that became essential resistance at 1,193.50. The breach of this level will reinforce expectations of the bullish pattern extension in the approaching duration, which likewise depends on the stability of the 1,172.68 level versus the unfavorable pressure that dominated the current trades. Therefore, we are waiting for favorable trading on the intraday and short-term basis, and favorable targets begin at 1,211.31 followed by 1,249.94. A break of the 1,172.68 will push the price to 1,124.88 prior to any brand-new attempt to recuperate. The expected trading range for today is between the 1,172.00 assistance and the 1,211.31 resistance. The product has been supplied by InstaForex Company- www.instaforex.com

By | November 30, 2016

GOLDH4.png

Overview

The gold price continues fluctuating near the previously broken support line that turned into key resistance at 1,193.50. The breach of this level will reinforce expectations of the bullish trend continuation in the upcoming period, which also depends on the stability of the 1,172.68 level against the negative pressure that dominated the recent trades. Therefore, we are waiting for positive trading on the intraday and short-term basis, and positive targets begin at 1,211.31 followed by 1,249.94. A break of the 1,172.68 will push the price to 1,124.88 before any new attempt to recover. The expected trading range for today is between the 1,172.00 support and the 1,211.31 resistance.

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

Daily analysis of Silver for November 30, 2016 888011000 110888 Summary The silver cost traded steadily above the crucial support at 16.56 after trying to break it yesterday. This keeps the bullish pattern scenario active until now; the count is likewise supported by stochastic positivity shown on the four-hour amount of time. The price is likely to visit the 17.43 level as the very first primary target. Keep in mind that a breach of 16.85 levels will complete positive technical development, which verifies the anticipated bullish trend continuation. A break of 16.56 levels will stop the positive summary and push the cost to 15.49. The anticipated trading range for today is in between the 16.40 assistance and the 16.90 resistance.The material has been offered by InstaForex Company- www.instaforex.com

By | November 30, 2016

SILVERH4.png

Overview

The silver price traded steadily above the key support at 16.56 after attempting to break it yesterday. This keeps the bullish trend scenario active until now; the count is also supported by stochastic positivity shown on the four-hour time frame. The price is likely to visit the 17.43 level as the first main target. Note that a breach of 16.85 levels will complete positive technical formation, which confirms the expected bullish trend continuation. A break of 16.56 levels will stop the positive overview and push the price to 15.49. The expected trading range for today is between the 16.40 support and the 16.90 resistance.

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

U.S. Private Sector Job Growth Goes beyond Estimates In November

By | November 30, 2016

After reporting weaker than expected job growth in the previous month, payroll processor ADP launched a report on Wednesday showing that U.S. economic sector employment increased by a lot more than anticipated in the month of November.

The report said economic sector employment leapt by 216,000 tasks in November following a downwardly modified boost of 119,000 tasks in October.

Economic experts had actually expected work to climb by about 160,000 jobs compared to the addition of 147,000 tasks originally reported for the previous month.

Ahu Yildirmaz, vice president and head of the ADP Research Institute, stated job growth was seen in mostly consumer-driven industries like retail, leisure and hospitality.

Employment in the service-providing sector surged up by 228,000 jobs, while the goods-producing sector lost 11,000 tasks.

The report also stated employment at small company increased by 37,000 tasks, while medium and big businesses included 89,000 and 90,000 tasks, respectively.

Mark Zandi, primary economist of Moody’s Analytics, said, “Services worked with aggressively in November and there is little evidence that the unpredictability surrounding the governmental election dampened hiring.”

“In addition, due to the fact that of the tightening labor market, sellers may be accelerating seasonal employing to secure an appropriate labor force to satisfy holiday need, although overall anticipated seasonal hiring might be no higher than last year’s,” he included.

Friday morning, the Labor Department is set up to launch its more closely seen monthly work report, that includes both private and public sector jobs.

Employment is anticipated to increase by 170,000 tasks in November after climbing up by 161,000 jobs in October. The joblessness rate is expected to hold at 4.9 percent.

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

Worldwide macro overview for 30/11/2016

By | November 30, 2016

Global macro summary for 30/11/2016: The Bank of England provided the Financial Stability Report this morning. The basic conclusion is, that outlook for UK monetary stability”stays difficult”. The outcomes of the Bank of England’s most current stress tests on the UK’s major lending institutions revealed, that RBS failed on all metrics, while Barclays and Requirement Chartered both missed out on one metric(the other banks being evaluated were Santander UK, Lloyds Banking Group, HSBC, and Nationwide). The results showed, that the EU and UK economies could suffer if the EU rapidly loses access to UK-provided monetary services. There is still a risk of additional cost falls in UK industrial real estate, so the UK’s big existing account deficit is now vulnerable to a reduction in foreign financiers cravings. In conclusion, the first cautionary words regarding the UK banking system were released considering that Brexit, however the financial markets remain calm as the majority of the UK banks are still in an overall good condition.Let’s now take a look at the GBP/USD technical photo in the 4H timespan. The market is still trading horizontally, bound between 2 important levels, technical support at the level of 1.2334 and technical resistance at the level of 1.2511. Market individuals are still waiting for a trigger that will enable the breakout in either direction.

analytics583ed4e0910fd.jpg

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

<aUSD/CAD intraday technical levels and trading recommendations for November 30, 2016 888011000 110888 On May 16, a bullish pullback to 1.3000 (61.8%Fibonacci level)was expected to provide a legitimate signal to sell the USD/CAD pair. However, an absence of a considerable bearish rejection was manifested during recent consolidations.On May 18, short-lived bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way to the 1.3180 level whereconsiderable bearish pressure was originated.Bearish persistence listed below 1.3000-1.2970 (61.8% Fibonacci level) was had to boost bearish momentum in the market.However, on August 18 signs of bullish recovery appearedaround the price level of 1.2830 which resulted in the current bullish breakout above 1.3000. The USD/CAD set was trapped in between the price levels of 1.3000(61.8 %Fibonacci level)and 1.3360(50%Fibonacci level)till bullish breakout happened three weeks ago.Note that the USD/CAD pair was challenging the ceiling of the portrayed flag pattern around 1.3360-1.3400 which failed to use adequate bearish pressure on the pair.Bullish determination above 1.3360 will most likely liberate a quick bullish motion to 1.3650 unless the pair concerns close below 1.3360 prior to completion of the current week.The product has been offered by InstaForex Business – www.instaforex.com

By | November 30, 2016

analytics583ed0b5a8482.pnganalytics583ed0be4509f.png

On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of a significant bearish rejection was manifested during recent consolidations.

On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant bearish pressure was originated.

Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market.

However, on August 18 signs of bullish recovery were manifested around the price level of 1.2830 which led to the current bullish breakout above 1.3000.

The USD/CAD pair was trapped between the price levels of 1.3000 (61.8% Fibonacci level) and 1.3360 (50% Fibonacci level) until bullish breakout took place three weeks ago.

Note that the USD/CAD pair was challenging the upper limit of the depicted flag pattern around 1.3360-1.3400 which failed to apply enough bearish pressure on the pair.

Bullish persistence above 1.3360 will probably liberate a quick bullish movement towards 1.3650 unless the pair comes to close below 1.3360 before the end of the current week.

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