Monthly Archives: January 2018

Crude Oil Rises Regardless Of Stocks Develop

By | January 31, 2018

Petroleum futures rose Wedneday regardless of confirmation that U.S. oil stockpiles leapt recently.

The Energy Details Administration reported a 6.8-million-barrel integrate in U.S. petroleum inventories for the week ending January 26. That’s a much larger build than experts were anticipating.

Nevertheless, gasoline stockpiles fell by 2 million barrels, trimming recent inventory gains.

March WTI oil got 23 cents, or 0.4%, to settle at $64.73/ bbl.

Economic sector payrolls jumped by 246,000 in December, beating expectation for modest jobs development, inning accordance with ADP.

As anticipated, the Federal Reserve on Wednesday voted to leave its benchmark interest rate unchanged, in a variety in between 1.25 percent and 1.5 percent.

The accompanying statement hinted that the Fed will increase the benchmark rate at its next conference, in late March, thanks to an improving economy and signs of inflation.

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

VENEZUELA: Talks In Between Government And Opposition Move Ahead

By | January 31, 2018

The head of the delegation of the Venezuelan federal government in the talks with opposition leaders, Jorge Rodr?guez, reported that 4 of the six points on the table have been resolved.

“Just 2 little points still require an agreement,” he stated to press reporters in the Dominican Republic, where talks are being held.

Rodriguez noted that both parties accepted “tweak some of the most crucial problems aimed at a final agreement.”

He also said that he is “98% sure” that both celebrations can reach a final contract still on Wednesday.

Federal government and opposition are in talks on the establishment of a fact commission for the National Constituent Assembly (ANC) and the social situation in Venezuela.

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

Everyday analysis of USD/JPY for January 31, 2018 888011000 110888 Introduction The USD/JPY pair is fluctuating around 109.05 level. In case the pair remains listed below it, the negative pressure is most likely to continue on the intraday and short-term basis. It is particularly most likely supplied that the EMA50 keeps pressing the rate downwards and safeguards even more trading inside the bearish channel that is dislayed on the chart. That stochastic is losing bullish momentum slowly. The bearish pattern will stay legitimate for today on condition of holding listed below 109.05. Please keep in mind that the main expected target is set at 107.28. The anticipated trading range for today is in between 107.85 support and 109.40 resistance. The product has actually been supplied by InstaForex Company-www.instaforex.com

By | January 31, 2018

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Overview

The USD/JPY pair is fluctuating around 109.05 level. In case the pair remains below it, the negative pressure is likely to continue on the intraday and short-term basis. It is especially probably provided that the EMA50 keeps pushing the price downwards and protects further trading inside the bearish channel that is dislayed on the chart. Besides that stochastic is losing bullish momentum gradually. Therefore, the bearish trend will remain valid for today on condition of holding below 109.05. Please note that the main anticipated target is set at 107.28. The expected trading range for today is between 107.85 support and 109.40 resistance.

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

Daily analysis of GBP/JPY for January 31, 2018 888011000 110888 Introduction The GBP/JPY pair made an intraday rebound to technique from the preliminary barrier at 154.80 level. Let me remind you that the stability of the price is usually below 50%Fibonacci correctional level at 156.00. This verifies the bearish correctional bias for the short term with targets from 151.50, reaching 150.00. Note that the cost effort to gain back the bullish bias requires breaching 50% Fibonacci correctional level at 156.00. This relocation will break the ice for hitting numerous favorable targets, beginning with 157.80 and reaching practically 160.00. The anticipated trading range for today is in between 154.80 and 152.20 The product has been provided by InstaForex Company-www.instaforex.com

By | January 31, 2018

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Overview

The GBP/JPY pair made an intraday rebound to approach from the initial barrier at 154.80 level. Let me remind you that the stability of the price is generally below 50% Fibonacci correctional level at 156.00. This confirms the bearish correctional bias for the short term with targets from 151.50, reaching 150.00. Note that the price attempt to regain the bullish bias requires breaching 50% Fibonacci correctional level at 156.00. This move will open the way for hitting several positive targets, starting from 157.80 and reaching almost 160.00. The expected trading range for today is between 154.80 and 152.20

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

Everyday analysis of Gold for January 31, 2018 888011000 110888 Overview Gold rate is hovering around the EMA50 now. The bearish scenario is still legitimate for today as long as the price stays stable listed below 1,353.00. Let me advise you that we need to break 1,335.40 to verify a longer bearish wave towards 1,316.48 as the next station. We ought to note that breaching 1,353.00 will stop the recommended correctional bearish circumstance and press the cost to restoreits main bullish track once again. The anticipated trading range for today is in between 1,325.00 assistance and 1,353.00 resistance.The material has actually been supplied by InstaForex Business-www.instaforex.com

By | January 31, 2018

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Overview

Gold price is hovering around the EMA50 now. The bearish scenario is still valid for today as long as the price remains stable below 1,353.00. Let me remind you that we need to break 1,335.40 to confirm a longer bearish wave towards 1,316.48 as the next station. We should note that breaching 1,353.00 will stop the suggested correctional bearish scenario and push the price to regain its main bullish track again. The expected trading range for today is between 1,325.00 support and 1,353.00 resistance.

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

BITCOIN Analysis for January 31, 2018 888011000 110888 Bitcoin has been having a hard time to keep up with gains whereas the bears are more impulsive than the bulls. This kind of bearish momentum is anticipated to be an outcome of recent dismal news, released about bitcoin and the cryptocurrency market. Facebook has prohibited all type of ICO ads as Facebook thinks most of the ICOs are scam and created to cheat people. This sort of news was also a great blow for the cryptocurrencies market along with the flagship bitcoin. Amidst an absence of favorable reports on bitcoin and the cryptocurrencies market, price is expected to face a challenge to hold above $10,000 price location within the series of $12,000. Nevertheless, some financiers are still positive about a break above $12,000 which is expected to result in $15,500 price location once again in the future. As the cost remains above $10,000 with a daily close, the bullish predisposition is expected to continue further. The material has been supplied by InstaForex Business- www.instaforex.com

By | January 31, 2018

Bitcoin has been struggling to keep up with gains whereas the bears are more impulsive than the bulls. This kind of bearish momentum is expected to be a result of recent gloomy news, published about bitcoin and the cryptocurrency market. Facebook has banned all kinds of ICO advertisements as Facebook thinks most of the ICOs are scam and created to cheat people. This kind of news was also a great blow for the cryptocurrencies market as well as the flagship bitcoin. Amid a lack of positive reports on bitcoin and the cryptocurrencies market, price is expected to face a challenge to hold above $10,000 price area within the range of $12,000. Nevertheless, some investors are still optimistic about a break above $12,000 which is expected to lead to $15,500 price area once again in the future. As the price remains above $10,000 with a daily close, the bullish bias is expected to continue further.

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

Fundamental Analysis of AUD/USD for January 31, 2018 888011000 110888 AUD/USD has been volatile and rather corrective just recently inside the series of 0.8050-0.8120 area. Ahead of the high effect financial reports of USD this week, the currency seemed to be rather weak against AUD today. Today, AUD CPI report was released the same at 0.6% which was anticipated to increase to 0.7%, Trimmed Mean CPI report also showed a the same report of 0.4% which was anticipated to increase to 0.5%, and Economic sector Credit decreased to 0.3% which was expected to be unchanged at 0.5%. On the other hand, ahead of the high impact economic reports to be published on Friday, today, USD ADP Non-Farm Work Change report is going to be published which is anticipated to reduce to 186k from the previous figure of 250k, Work Expense Index is anticipated to go down to 0.6% from the previous worth of 0.7%, Chicago PMI report is expected to reduce to 64.2 from the previous figure of 67.6, Pending Home Sales report is anticipated to increase to 0.5% from the previous worth of 0.2%, and Petroleum Inventories is anticipated to grow to 0.1 M from the previous figure of -1.1 M. Furthermore, FOMC Statement and Federal Funds Rate report is going to be released today which is anticipated to be unchanged at 1.50%. As of the present circumstance, a good quantity of volatility is anticipated to hit the market due to high effect economic reports to be published on the USD side, and in spite of having even worse financial reports, AUD gained momentum which likewise tells a various story about the USD weak point currently. If the USD economic reports comes better than anticipated, a bearish pressure is anticipated to strike the pair in the coming days with a strong momentum.Now let us lookat the technical view. The cost is residing at the edge of the 0.8120 area from where it is expected to push lower towards 0.8050 and later towards 0.7750 in the future. Having Bearish Continuing Divergence in a non-volatile pattern is undoubtedly very interesting, and a break below 0.8050 will validate impulsive bearish pressure later in the market. As the cost remains below 0.8120 with an everyday close, the bearish bias is expected to continue further. The product has actually been offered by InstaForex Company -www.instaforex.com

By | January 31, 2018

AUD/USD has been quite corrective and volatile recently inside the range of 0.8050-0.8120 area. Ahead of the high impact economic reports of USD this week, the currency seemed to be quite weak against AUD today. Today, AUD CPI report was published unchanged at 0.6% which was expected to increase to 0.7%, Trimmed Mean CPI report also showed an unchanged report of 0.4% which was expected to increase to 0.5%, and Private Sector Credit decreased to 0.3% which was expected to be unchanged at 0.5%. On the other hand, ahead of the high impact economic reports to be published on Friday, today, USD ADP Non-Farm Employment Change report is going to be published which is expected to decrease to 186k from the previous figure of 250k, Employment Cost Index is expected to go down to 0.6% from the previous value of 0.7%, Chicago PMI report is expected to decrease to 64.2 from the previous figure of 67.6, Pending Home Sales report is expected to increase to 0.5% from the previous value of 0.2%, and Crude Oil Inventories is expected to grow to 0.1M from the previous figure of -1.1M. Moreover, FOMC Statement and Federal Funds Rate report is going to be published today which is expected to be unchanged at 1.50%. As of the current scenario, a good amount of volatility is expected to hit the market due to high impact economic reports to be published on the USD side, and despite having worse economic reports, AUD gained momentum which also tells a different story about the USD weakness currently. If the USD economic reports comes better than expected, a bearish pressure is expected to hit the pair in the coming days with a strong momentum.

Now let us look at the technical view. The price is residing at the edge of the 0.8120 area from where it is expected to push lower towards 0.8050 and later towards 0.7750 in the future. Having Bearish Continuing Divergence in a non-volatile trend is indeed very interesting, and a break below 0.8050 will confirm impulsive bearish pressure later in the market. As the price remains below 0.8120 with a daily close, the bearish bias is expected to continue further.

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

Technical analysis of USD/JPY for January 31, 2018 888011000 110888 USD/JPY is expected to trade with a bullish predisposition above 108.40. On a 30-minute chart, the set marked a day-low of 108.38 the other day( January 30 )before posting a rebound. Presently, the pair is trading at levels around the rising 20-period moving average, which has just crossed above the 50-period one. And the relative strength index has actually managed to stay above the neutrality level of 50, showing an absence of down momentum for the pair. As long as intraday bullishness is maintained, the set ought to revisit 109.40 on the benefit. Alternatively, if the cost relocations in the opposite instructions, a Short position is advised to be below 108.40 with a target of 109.20. Chart Explanation: The black line reveals the pivot point. The existing cost above the pivot point indicates a bullish position, while the cost listed below the pivot point is a signal for a short position. The red lines reveal the support levels, and the green lineindicates the resistance level. These levels can be utilized to go into andexit trades.Strategy: BUY, stop loss at 108.40, take revenue at 109.40. Resistance levels: 109.05 , 109.40, and 109.80 Assistance levels: 108.00, 107.60, and 107.30 . The product has actually been provided by InstaForex Business-www.instaforex.com

By | January 31, 2018

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USD/JPY is expected to trade with a bullish bias above 108.40. On a 30-minute chart, the pair marked a day-low of 108.38 yesterday (January 30) before posting a rebound. Currently, the pair is trading at levels around the ascending 20-period moving average, which has just crossed above the 50-period one. And the relative strength index has managed to stay above the neutrality level of 50, indicating a lack of downward momentum for the pair. As long as intraday bullishness is maintained, the pair should revisit 109.40 on the upside.

Alternatively, if the price moves in the opposite direction, a Short position is recommended to be below 108.40 with a target of 109.20.

Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position. The red lines show the support levels, and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy: BUY, stop loss at 108.40, take profit at 109.40.

Resistance levels: 109.05, 109.40, and 109.80

Support levels: 108.00, 107.60, and 107.30.

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