Monthly Archives: July 2018

New Zealand Unemployment Data Due On Wednesday

By | July 31, 2018

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a busy day for Asia-Pacific economic activity.

The jobless rate is expected to old steady at 4.4 percent, while employment is tipped to rise 3.6 percent – up from 3.1 percent in the three months prior.

Australia will see July numbers for the AIG Performance of Manufacturing Index and the RBA Commodity Price Index. In June, the manufacturing index score was 57.4, while the commodity price index jumped 6.6 percent to a reading of 108.6.

Hong Kong will provide June numbers for retail sales; in May, sales jumped 12.9 percent on year.

Indonesia will release July numbers for consumer prices; in June, inflation was up 0.59 percent on month and 3.12 percent on year.

Thailand will provide July fata for consumer and producer prices. In June, consumer prices were up 2.05 percent on month and 1.4 percent on year, while producer prices advanced 3.2 percent on month and 1.8 percent on year.

South Korea will release July numbers for consumer prices; in June, inflation was down 0.2 percent on month and up 1.5 percent on year.

China will see July results for the manufacturing PMI from Caixin, with forecasts suggesting a score of 50.9 – down from 51.0 in June.

A number of other regional countries will see July results for the manufacturing PMIs from Nikkei, including Indonesia, Japan, Malaysia, Myanmar, the Philippines, South Korea, Taiwan, Thailand and Vietnam.

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

U.S. Customer Confidence Shows Modest Rebound In July

By | July 31, 2018

After reporting an unexpected wear and tear in U.S. consumer confidence in the previous month, the Conference Board launched a report on Tuesday showing a modest rebound in customer confidence in the month of July.

The Conference Board stated its consumer confidence index inched approximately 127.4 in July from an upwardly modified 127.1 in June. Financial experts had actually anticipated the index to increase to 127.0 from the 126.4 initially reported for the previous month.

“Customer confidence acquired limited ground in July, after a modest decline in June,” stated Lynn Franco, Director of Economic Indicators at the Conference Board.

The uptick by the heading index showed an enhancement in consumers’ assessment of present-day conditions, with the present scenario index reaching 165.9 in July from 161.7 in June.

The percent of customers stating business conditions are “good” increased to 38.0 percent from 37.2 percent, while those stating conditions are “bad” dipped to 10.1 percent from 11.5 percent.

Customers’ evaluation of the labor market was likewise more beneficial, with those declaring jobs are “abundant” increasing to 43.1 percent from 40.4 percent. Customers declaring jobs are “hard to get” was essentially the same at 15.0 percent.

Meanwhile, the report revealed an ongoing drop in consumers’ optimism about the short-term outlook, as the expectations index was up to 101.7 in July from 104.0 in June.

“While expectations continue to reflect optimism in the short-term economic outlook, back-to-back decreases suggest consumers do not predict development speeding up,” Franco stated.

The reduction by the expectations index came as the portion of customers expecting business conditions will improve over the next six months rose to 23.1 percent from 20.7 percent, however those expecting conditions will worsen also reached 10.8 percent from 9.3 percent.

The Conference Board said consumers’ outlook for the labor market was likewise blended, with the percentage expecting more tasks in the months ahead edging as much as 22.5 percent from 20.0 percent and those expecting fewer tasks also rising to 15.7 percent from 13.1 percent.

Last Friday, the University of Michigan launched a separate report showing customer sentiment in the United States weakened by less than at first estimated in the month of July.

The report said the customer sentiment index for July was upwardly revised to 97.9 from the preliminary reading of 97.1. Regardless of the upward revision, the index was still down a little from 98.2 in June.

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

BITCOIN Analysis for July 31, 2018 888011000 110888 Bitcoin has actually been quite impulsive with bearish swings today makinged the rate break below $8,000, defying the belief about pushing higher with a target towards $10,000 location. Despite the today’s impulsive bearish pressure, the price is still expected to press greater and the general bullish predisposition is still intact as the dynamic level of 20 EMA is expected to work as important support for a while. The bearish pressure today swallowed up the previous bullish corrective momentum. However, as the rate stays above $6,500 with a day-to-day close, the bullish bias is expected to continue to push the cost higher with a target towards $10,000 in the coming days. ASSISTANCE: 6500RESISTANCE: 8000, 10000BIAS: Long-lasting Bullish, Short-term BearishMOMENTUM: Volatile The product has actually been offered by InstaForex Company -www.instaforex.com

By | July 31, 2018

Bitcoin has been quite impulsive with bearish swings today which made the price break below $8,000, defying the sentiment about pushing higher with a target towards $10,000 area. Despite the today’s impulsive bearish pressure, the price is still expected to push higher and the overall bullish bias is still intact as the dynamic level of 20 EMA is expected to work as important support for a while. The bearish pressure today engulfed the previous bullish corrective momentum. However, as the price remains above $6,500 with a daily close, the bullish bias is expected to continue to push the price higher with a target towards $10,000 in the coming days.

SUPPORT: 6500

RESISTANCE: 8000, 10000

BIAS: Long-term Bullish, Short-term Bearish

MOMENTUM: Volatile

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

Wave analysis of EUR/ USD for July 31. The set stays inside the constricting corridor

By | July 31, 2018

Analysis of wave counting: Throughout the trades on Monday, the currency set EUR/ USD added about 50 portion points and is still traded

inside a tapering passage

. The 5th time the pair tested the upper line forming the corridor, and the effort of its development is once again not successful. If the next attempt is still ended with the development of this line, then the entire wave pattern will require additions. Also in this case, the instrument will proceed to build an upward set of waves with the first targets, about 1.1834, which represents 200.0 %of Fibonacci. The working alternative is now still the alternative of minimizing the pair within the proposed wave 5. The objectives for the alternative with sales:1.1507-100.0%of Fibonacci 1.1444-127.2 %of Fibonacci The goals for the choice with purchases:1.1834-200.0 %of Fibonacci 1.1957 -161.8%of Fibonacci General conclusions

and trading suggestions: The correction wave 4 is still identified as total. Thus, I recommend continuing the development of the set’s sales with the objective of structure wave 5 of the downward pattern section with targets found near the marks of 1.1507 and

1.1444, which corresponds to 100.0 %and 127.2%of Fibonacci. To purchase a set, I recommend returning after the breakout of the upper line of the narrowing passage and the refinement of all wave counting.The product has actually been provided by InstaForex Business-www.instaforex.com

The everyday evaluation of EUR/ USD since July 31. Ichimoku Indicator

By | July 31, 2018

EUR/ USD Unpredictability, which lasts for rather a long period of time, is protected. The effort is now on the side of the gamers to raise, they once again rose to the resistance of 1.1708 (the month-to-month Fibo Kijun) and make an effort to get a foothold in the daytime cloud. The way out of the zone of uncertainty, through the upgrade of the optimum extremes (1.1750 – 1.1791 – 1.1852), will allow players to continue to rise rising. Landmarks for recovery are weekly levels (1.1908 – 1.2032) and the upper limit of the daytime cloud. Bears to leave the zone of uncertainty, likewise have to get rid of the extremes (1.1575 – 1.1508), then the main job for them will be the breakdown of the lower limit of the weekly cloud and the development of the downside target.

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Lateral movement resulted in that the set is spinning around the clouds of younger timeframes, not working out some objectives for the breakdown of the cloud. At the minute, the advantage is on the players’ side to raise. The primary job for them is to leave the zone of unpredictability. Support can be kept in mind on 1,1681 – 1,1655 – 1,1628. The attachment below will provide the effort to the hands of bears, for which the desire to leave the zone of uncertainty will likewise function as the primary job in the first stage.Indicator criteria

: Perpetuity periods 9-26

-52 The color of indicator lines: Tenkan(short-term pattern)-red, Kijun(medium-term pattern )-green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B(

SSB, long-lasting pattern)-blue,

Senkou Period A (SSA) – pink.The color

of extra lines:

Assistance and resistance MN – blue, W1 – green, D1 – red, H4 – pink, H1 – gray,

Horizontal levels (not Ichimoku) – brown,

Pattern lines – purple.The material has been supplied by InstaForex Business – www.instaforex.com

GBP/USD analysis for July 31, 2018 888011000 110888 Just recently, the GBP/USD has been trading upwards. The cost checked the level of 1.3163. Anyway, according to the H1 time– frame, I found testing of upper diagonal of the channel( resistance), which is an indication that buying looks risky. I also discovered a damaged upward trendline in the background, which is another sign of weak point. My suggestions is to look for prospective selling chances. The down targets areset at the rateof 1.3070 and at the cost of 1.2960. Resistance levels: R1: 1.3160 R2: 1.3183 R3: 1.3215 Support levels: S1: 1.3105 S2: 1.3075 S3: 1.3052 Trading suggestions for today: expect possible selling opportunities.The material has actually been provided by InstaForex Business-www.instaforex.com

By | July 31, 2018

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Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3163. Anyway, according to the H1 time – frame, I found testing of upper diagonal of the channel (resistance), which is a sign that buying looks risky. I also found a broken upward trendline in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3070 and at the price of 1.2960.

Resistance levels:

R1: 1.3160

R2: 1.3183

R3: 1.3215

Support levels:

S1: 1.3105

S2: 1.3075

S3: 1.3052

Trading recommendations for today: watch for potential selling opportunities.

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

USD/CHF Approaching Support, Prepare For A Bounce!

By | July 31, 2018

USDCHF is approaching support at 0.9858 (100%Fibonacci extension, 76.4% & & 23.6% Fibonacci retracement, horizontal swing low assistance) where we anticipate cost to bounce as much as its resistance at 0.9970 (61.8% & & 50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is evaluating its support 4.37% where a matching bounce could occur.

USD/CHF is approaching its assistance where a bounce is anticipated.

Buy above 0.9858. Stop loss at 0.9796. Take revenue at 0.9970.

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German Joblessness Decreases Less Than Projection

By | July 31, 2018

German unemployment decreased less than expected in July, reports stated pointing out information from Federal Labor Company on Tuesday.

The number of out of work fell by 6,000 in July from June compared with expected decrease of 10,000.

The unemployed rate held stable at 5.2 percent in July, in line with expectations, which was the most affordable since German reunification.

Information from Destatis revealed that Germany’s unemployment rate dropped somewhat to 3.4 percent in June from 3.5 percent in May. The labor force survey revealed that there were 1.49 million jobless in June.

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