* Italy Jun HICP Increases 0.2% On Month, Flash 0.3%

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• BITCOIN Analysis for October 16, 2018 888011000 110888 Bitcoin is presently trading esiding inside a restorative tight variety in between $6,500 to $6,700 area after breaking above the $6,500 with strong momentum heading above $7,000 within simply 2 hours. The dynamic levels such as 20 Kijun, ema, and tenkan lines are presently suggesting a heavy correction in the market, whereas a tight variety signals that a strong breakout will come. The cost is presently consolidating above $6,500 location, from where the rate might break above $6,700 in addition to the Kumo Cloud resistance. The price is expected to climb up greater towards $7,500 and later on towards $8,000 area in the future. As the price remains above $6,000-6,500 area, the bullish predisposition is expected to continue further in the coming days.SUPPORT: 6,000, 6,500 RESISTANCE: 7,500, 8,000 BIAS: BULLISH MOMENTUM: VOLATILE The product has been provided byInstaForex Company -www.instaforex.com
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• Essential Analysis of GBP/USD for October 16, 2018 888011000 110888 GBP/USD has been rather spontaneous with recent bullish gains, which led the cost to trade inside the resistance location of 1.3200-1.3300 currently. GBP has actually been gotten steam amid on the back of positive economic reports, supporting the bullish gains while doing so. On the other hand, USD is still struggling in the middle of the fundamentals.After an optimistic declaration from Prime Minister Theresa May about upcoming developments in the UK economy, GBP managed to gain ground against USD in a substantial way. Today the UK Average Earning Index report was published with an increase to 2.7 %which was anticipated to be the same at 2.6% while the Joblessness Rate remained unchanged at 4.0 %. On the other hand, after downbeat CPI and Retail Sales reports from the US, USD is having a hard time to get momentum over GBP. Despite the better-than-expected financial information today, USD failed to counter GBP gains that is anticipated to cause specific indecision and volatility in the coming days. Today United States Industrial Production report was released much better than expected at 0.3 %, though decreasing slightly from the previous value of 0.4%however carrying out much better than the expectation of 0.2%, and JOLTS Job Opening likewise increased to 7.14 M from the previous figure of 7.08 M which was expected to decrease to 6.90 M. Additionally, US NAHB Real estate Market Index report was released with a boost to 68 as anticipated from the previous figure of 67 and Capital Usage Rate was the same at 78.1%which was anticipated to increase partially to 78.2 %. Meanwhile, favorable economic reports from the UK assisted the currency to acquire certain momentum over USD for a while. On the other hand, positive economic United States reports recommend a counter move. Ahead of US financial reports on Real estate Starts and FOMC Fulfilling minutes, particular volatility and gains on the USD side may observed if readings stays positive regularly. Now let us take a look at the technical view. The cost is currently holding at the edge of resistance area 1.32 after recuperating from a Bearish Gap at the start of the week. The rate is being held by the vibrant level of 20 EMA as assistance, as the rate remains listed below 1.3300 location, particular bearish pressure may occur with a target towards 1.3050 and later on towards 1.2850 in the future. Otherwise, a break above 1.3300 will result in further bullish gains.SUPPORT: 1.2850, 1.3050 RESISTANCE: 1.3200, 1.3300 BIAS: BULLISH MOMENTUM: VOLATILEThe product has beenoffered by InstaForex Company-www.instaforex.com