Monthly Archives: December 2017

Treasuries Return To The Upside On Final Trading Day Of The Year

By | December 29, 2017

Treasuries moved notably higher throughout the trading day on Friday, more than balancing out the pullback seen in the previous session.

Bond rates saw a stable move to the upside as the day progressed prior to closing firmly in favorable territory. Consequently, the yield on the benchmark ten-year note, which moves opposite of its cost, fell by 2.7 basis points to 2.405 percent.

Treasuries showed a lack of instructions over the course of 2017, with the ten-year yield dipping by a fairly modest 4.1 basis points for the year.

The strength amongst treasuries on Friday might have reflected their appeal as a safe haven going into the brand-new year along with some window dressing by investors planning to polish their portfolios.

Trading activity stayed fairly controlled, nevertheless, with some traders seeking to get a running start on the New Year’s weekend.

The financial calendar for next week begins relatively quiet, although the carefully enjoyed month-to-month jobs report is most likely to draw in substantial attention next Friday.

Traders are also most likely to keep an eye on reports on manufacturing and service sector activity, construction spending, private sector work, worldwide trade, and factory orders.

The Federal Reserve is likewise arranged to release the minutes of its most current monetary policy conference next Wednesday, potentially clarifying the outlook for rate of interest in the brand-new year.

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Dollar Pulls Back As 2017 Draws To A Close

By | December 29, 2017

The dollar is losing ground against all of its major rivals Friday afternoon. There was little news to drive the direction of trade ahead of the long New Year’s weekend. A number of investors remained away from their desks, leading to a rather subdued trading session.

Traders can look forward to some important news next week. The minutes from the most recent meeting of the Federal Reserve will be released on Wednesday, January 3. The U.S. jobs report for December is also slated to be released on Friday, January 5.

The dollar has tumbled to over a 3-month low of $1.20 against the Euro Friday afternoon, from an early high of $1.1936.

Eurozone money supply grew at a slightly slower pace in November, the European Central Bank said Friday.

The broad monetary aggregate M3 grew 4.9 percent year-on-year in November, slower than the 5 percent increase seen in October. Economists had forecast a 4.9 percent rise.

Germany’s inflation slowed less-than-expected in December and the annual average for 2017 was the highest in five years, preliminary data from the statistical office Destatis showed Friday.

The consumer price index rose 1.7 percent year-on-year following 1.8 percent increase in November. Economists had forecast 1.5 percent inflation.

The buck has fallen to a 3-week low of $1.3515 against the pound sterling Friday afternoon, from a high of $1.3436 this morning.

The greenback dropped to a low of Y112.468 against the Japanese Yen Friday, but has since rebounded to around Y112.615.

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

Oil Settles Above $60 For Very first time Considering That 2015 888011000 110888 Petroleum rates continued to rise on the final trading day of the year, regardless of news that Libya’s damaged pipeline will get back online in January. Traders assessed Baker Hughes information showing the United States rig count fell recently, and Canadian rigs dropped dramatically. West Texas Intermediate oil for February ends up 58 cents, or 1%, at $60.42/ bbl. It was very first time oil ended up above $60 because 2015. The product has actually been supplied by InstaForex Company – www.instaforex.com

By | December 29, 2017

Crude oil prices continued to surge on the final trading day of the year, despite news that Libya’s damaged pipeline will get back online in January.

Traders assessed Baker Hughes data showing the U.S. rig count fell last week, and Canadian rigs dropped sharply.

West Texas Intermediate oil for February ends up 58 cents, or 1%, at $60.42/bbl. It was first time oil finished above $60 since 2015.

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

Gold Ends Year On Hot Streak

By | December 29, 2017

Gold futures stayed in rally mode Friday, ending the year with a six day win streak.

Gold surged above the emotionally crucial $1300 mark to touch the greatest given that October.

February gold increased $12.10, or 0.9%, to settle at $$1,309.30/ oz.

Gold has actually increased sharply at the end of year due to dollar weakness and expectations the Federal Reserve will keep rates of interest on hold until later on in the year.

Silver likewise rallied, getting 1% to $17.09.

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

Bitcoin analysis for December 29, 2017 888011000 110888 Bitcoin (BTC)has actually been trading sideways at the rate of$14.344. The bill for the guideline of cryptocurrencies and preliminary coin offerings(ICOs)in Russia is prepared. It was collectively established by the country’s central bank and financing ministry. The regulators have shared some information of theexpense consisting of how mining activities are to be taxed. The technical image is neutral to bearish.Trading suggestions: Inning accordance with the 1H time -frame, I discovered a bearish flag in development, which is a sign that buying looks risky. My advice is to expect potential selling chances if you see a legitimate breakout level of the lower diagonal. The downward targets will be set atthe cost of$12.112 and at the cost of$ 10.645. Support/Resistance$14.934– Intraday resistance(price action)$ 13.160– Intraday support$12.112$12.112– Unbiased target$10.645– Unbiased target With InstaForex you can make on cryptocurrency’s motions today. Just open a deal in your MetaTrader4.The product has been provided by InstaForex Company – www.instaforex.com

By | December 29, 2017

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Bitcoin (BTC) has been trading sideways at the price of $14.344. The bill for the regulation of cryptocurrencies and initial coin offerings (ICOs) in Russia is ready. It was jointly developed by the country’s central bank and finance ministry. The regulators have shared some details of the bill including how mining activities are to be taxed. The technical picture is neutral to bearish.

Trading recommendations:

According to the 1H time – frame, I found a bearish flag in progress, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities if you see a valid breakout level of the lower diagonal. The downward targets will be set at the price of $12.112 and at the price of $10.645.

Support/Resistance

$14.934 – Intraday resistance (price action)

$13.160– Intraday support $12.112

$12.112 – Objective target

$10.645 – Objective target

With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.

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

GBP/USD analysis for December 29, 2017 888011000 110888 Recently, the GBP/USD pair has been trading upwards. The rate tested the level of 1.3528. According to the 4H time– frame, I discovered that the balanced tiangle is broken and that selling looks dangerous. My suggestions is to look forpossible buying opportunities. The upward targets are set at the rate of 1.3550 and at the price of 1.3690(pattern projection). Resistance levels: R1: 1.3470 R2: 1.3500 R3: 1.3540 Support levels: S1: 1.3400 S2: 1.3360 S3: 1.3330 Trading recommendations for today: look for possible buying opportunities.The product has actually been provided by InstaForex Company-www.instaforex.com

By | December 29, 2017

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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3528. According to the 4H time – frame, I found that the symmetrical tiangle is broken and that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3550 and at the price of 1.3690 (pattern projection).

Resistance levels:

R1: 1.3470

R2: 1.3500

R3: 1.3540

Support levels:

S1: 1.3400

S2: 1.3360

S3: 1.3330

Trading recommendations for today: watch for potential buying opportunities.

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

USD/JPY analysis for December 29, 2017 888011000 110888 Recently, the USD/JPY set has been trading downwards. The price evaluated the level of 112.48. Inning accordance with the 4H time– frame, I discovered a breakout of upward trendline, which is a sign that buyers lost power and sellers took control. My recommendations is to watch for possible selling opportunities. The downward targets are set at the cost of 112.05 andat the costof 111.88. Resistance levels: R1: 113.25 R2: 113.62 R3: 113.95 Support levels: S1: 112.57 S2: 112.27 S3: 111.88 Trading suggestions for today: watch for possible selling opportunities.The material has been offered by InstaForex Business-www.instaforex.com

By | December 29, 2017

analytics5a465d9942fc6.png

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 112.48. According to the 4H time – frame, I found a breakout of upward trendline, which is a sign that buyers lost power and sellers took control. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 112.05 and at the price of 111.88.

Resistance levels:

R1: 113.25

R2: 113.62

R3: 113.95

Support levels:

S1: 112.57

S2: 112.27

S3: 111.88

Trading recommendations for today: watch for potential selling opportunities.

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

India Equates Cryptocurrencies To Ponzi Schemes In Warning

By | December 29, 2017

India’s finance ministry on Wednesday issued a warning against trading and transacting in crytpocurrencies such as Bitcoin, stating they do not have any intrinsic worth and compared them to Ponzi schemes.

The virtual currencies, or VCs, are not backed by any type of properties and the price of Bitcoin and its peers is “completely a matter of simple speculation”, the ministry said in a declaration.

“There is a heightened and genuine threat of investment bubble of the type seen in ponzi schemes which can lead to abrupt and prolonged crash exposing investors, particularly retail customers losing their hard-earned money,” the ministry cautioned.

The rate of Bitcoin, the largest cryptocurrency by worth, rose almost 20-fold, or over 1,900 percent, this year, from under $900 at the start of the year to a record high of nearly $20,000 around December 17.

In the middle of repeated calls for caution, the price of Bitcoin plunged to below $11,000 on December 22, simply days after futures trading in the cryptocurrency began in Chicago exchanges. And it is such wild swings that are raising the crash cautions.

The financing ministry stated that cryptocurrencies are not currencies as they are not backed by government fiat and are not legal tender. The ministry likewise noted that though the digital currencies are referred to as ‘coins’, they do not have the physical characteristics.

“The Government or Reserve Bank of India has not licensed any VCs as a cash,” the ministry stated in the declaration.

The RBI currently warned investors thirce versus the dangers in cryptocurrencies. The first warning came in December 2013. The second one was provided in February this year and the 3rd, previously this month, as the worth of Bitcoin scaled brand-new highs amidst increased investor interest and indications of acceptance into the mainstream monetary market.

“The Federal government likewise makes it clear that VCs are not legal tender and such VCs do not have any regulatory consent or defense in India,” the ministry said.

“The financiers and other individuals for that reason deal with these VCs totally at their danger and need to best avoid taking part therein.”

Reports suggest the Bitcoin boom is largely led by Asian nations. That said, the current rise of the cryptocurrency prompted authorities in Asia Pacific nations from China to Australia to issue cautions versus making use of such currencies.

China prohibited trading in Bitcoin and preliminary coin offerings in September.

Previously today, the South Korean government stated that it was planning to implement unique steps to curb speculation in the virtual currency market. New steps will need real-name cryptocurrency deals and the government likewise prepares to ban cryptocurrency exchanges.

The Monetary Authority of Singapore advised the public last week to act with severe care and to comprehend the substantial dangers they take on if they choose to purchase cryptocurrencies.

In Israel, the stock exchange watchdog has sought a restriction on companies trading in cryptocurrencies from noting on the Tel Aviv stock market. The Israel Securities Authority also wants a suspension of such companies presently operating on the stock market.

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