Monthly Archives: January 2019

EUR/USD. January 31st. Results of the day. Donald Trump is positive in the requirement to build a wall on the border

By | January 31, 2019

4-hour timeframe The amplitude of the last 5 days(high-low): 101p-

117p -54p-39p- 96p. Average amplitude for the last 5 days: 81p (71p)

. Throughout January 31, the EUR/USD currency set suspended

an upward movement, which began yesterday due to definitely”dovish”statements of the Federal Reserve agents. Hence, we can assume that the impact of this occasion has actually exhausted itself. In the course of the day in the eurozone, preliminary GDP information for the 4th quarter was released, and it coincided with projections of 1.2%yoy. The joblessness rate for December stayed unchanged at 7.9%. In basic, important news was not readily available to traders during Thursday. From a technical viewpoint, the set perfectly exercised the resistance level of 1.1499 and bounced off of it. A down correction to the Kijun-sen line is currently possible. The MACD indicator can turn downwards on the existing bar, which will confirm the start of a restorative motion. US President Donald Trump once again spoke about the requirement to build a wall on the border with Mexico, mentioning the increased level of criminal offense abroad. As an outcome, this level of crime threatens to cross the border into the United States. Trump said that the building of the wall is not a political job, however a measure created to protect United States people from illegal immigrants and crimes connected to them. Up until now, Congress has actually not consented to provide the essential funds. And Trump is preparing for a new “shutdown “? Trading recommendations: The EUR/USD set can begin a brand-new round of correction, which can be indicated by the MACD indication turning downwards. Hence, brand-new longs will

become appropriate after the completion of a correction or in case of overcoming the level of 1.1499 with a target of 1.1560. Sell positions will be relevant not earlier than the price consolidating below the critical line with targets of 1,1398 and 1,1325. Offered

the incredibly low likelihood of the set going above the level of 1.1560, the descent to these levels gradually is highly likely. In addition to the technical photo, essential information and the timing of their release should likewise be taken into account. Explanation of illustration: Ichimoku Sign: Tenkan-sen-red line. Kijun-sen– blue line. Senkou cover a– light brown dotted line. Senkou span B– light purple dotted line.

Chikou period– green line. Bollinger Bands Sign:

3 yellow lines.

MACD: Red line and histogram with white bars in the sign window.Translation The material has actually been offered by InstaForex Business-www.instaforex.com

The director of Tesla will leave the company since of a loss of $ 1 billion

By | January 31, 2019

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The head of the American producer of electrical automobiles Tesla Elon Musk announced that the monetary director of the company Deepak Ahuja will leave his post this year amidst unsatisfactory monetary results.In 2018, Tesla suffered a loss of $ 976 million, but compared to the previous year, it decreased more than two times, the previous year the figure was $ 1.9 billion.At the same time,

the company achieved record income of $ 21.4 billion, in the fourth quarter it was $ 7.2 billion. The last two quarters for the company succeeded, in the 3rd quarter the net profit of the manufacturer of electric cars reached $ 311.5 million, in the fourth, $ 139.4 million.Earlier, on January 18, Musk said that the business would cut 7% of staff members (3,400 people) in order to reduce expenses to increase production volumes of Tesla Design 3 electric vehicles.The head of the

company called 2018 the worst in his profession, throughout which he aged for 5 years.During the other day’s trading, Tesla’s stock rate

rose by 3.80%, to$308.77, the optimum considering that January 18.

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The most substantial decrease in oil production in OPEC is anticipated in the last two years

By | January 31, 2019

In January, oil products by OPEC countries reduced the most in the last 2 years, according to a Reuters survey, considering that the largest exporter, Saudi Arabia, is the only one operating at full capability, while in Iran, Libya and Venezuela there is a decline. The 14-member Organization of Petroleum Exporting Countries pumped 30.98 million barrels daily in January, down 890,000 barrels each day compared to December and the largest decline since January 2017.

Recall oil increased to $ 62 per barrel after falling listed below $ 50 in December, assisted by Saudi Arabia’s actions, supply interruptions in several OPEC nations and the prospect of lower materials from Venezuela after United States President Donald Trump enforced sanctions on the regional oil industry. OPEC, Russia and other nations concurred in December to cut deliveries by 1.2 million barrels each day from January 1. OPEC’s share of this reduction is 800,000 barrels each day, with an exception produced Iran, Libya, and Venezuela. The data revealed that on January, 11 OPEC members, bound by the brand-new agreement on the limitation of supply, reached 70 percent of the assured decreases. A further decline in Iran, Libya and Venezuela increased the overall OPEC figure to 890,000 barrels per day.The material has been supplied by InstaForex Business – www.instaforex.com

What will February appear like at Forex?

By | January 31, 2019

What traders will keep in mind from January? This is probably due to the truth that long positions on USD/ CHF brought 1.5%, on USD/ SEK, 2.6%, and “shorts” on EUR/ NOK, over 2%. Sales of the single European currency versus the greenback before the ECB meeting also justified themselves, but expectations about alleviating the Fed’s position destroyed the “bears” on the EUR/ USD vacation. Now it’s February, what to expect from it?The finest results in the 2nd month of the year are usually demonstrated by the Australian and New Zealand dollars, as well as the Japanese yen. This might appear rather unexpected provided the truth that last year they almost all at once ended up being more affordable versus the background of the escalation of trade conflicts. Then the “American” took away the status of a defensive property from contending currencies on the G10, and “Aussie” and “Kiwi” addressed a peak mainly due to the fact that of issues about a downturn in the growth rate of the Chinese economy. Now, the opposite circumstance is possible if the trade negotiations in between the United States and the Middle Kingdom will be crowned with success.Meanwhile, the British currency is generally amongst the outsiders of February. According to some estimates, since 1975, it has actually closed in the “red” zone in 24 cases out of 44, losing approximately 0.62% in weight. It is possible that the ecstasy surrounding the extension of Short article 50 of the Lisbon Treaty has actually taken the pound sterling too far, and investors will quickly begin to take profits.As for the canadian dollar and the norwegian krone, the oil quotes have just recently pressed off the short-term bottom, but if trade negotiations in between the US and China cease, prices may resume falling, followed by the looney and the Norwegian. As the occasions of last year show, as quickly as the cost of Brent unrefined oil surpassed$65 a barrel, American producers actively increased their production of black gold.Thus, in the case of the resolution of

trade disputes between Washington and Beijing, a much better choice than long positions in the AUD/ USD and NZD/ USD pairs in February will most likely be tough to find. The bulls will undoubtedly have the ability to benefit from improved worldwide danger hunger, in addition to wish for a healing in the Chinese economy. It is assumed that while keeping the negative political landscape in the UK as Brexit approaches, the GBP/ JPY sales and EUR/ GBP purchases will be relevant. If the restorative movement of oil rates does not occur, then it makes good sense to pay attention to the “longs “in the EUR/ NOK and EUR/ CAD pairs.The product has actually been offered by InstaForex Company-www.instaforex.com

BITCOIN Analysis for January 31, 2019 888011000 110888 Bitcoin rejected off the $3,500 with strong bearish pressure which pushed the cost towards $3,450. The price is presently living at the edge of Kumo Cloud support from where it has a higher likelihood to press greater according to current case higher swing lows, having confluence as assistance to climb up upwards in the coming days. Until the rate stays above the Kumo cloud i.e. $3,400 with a day-to-day close, there is a possibility of a more upward move with a break above $3,500. The cost can continue higher towards $4,000 in the future. As the cost stays above $3,000 area with an everyday close, the bullish bias is expected to continue. ASSISTANCE: 3,000, 3,250RESISTANCE: 3,500, 3,600, 4,000BIAS: BULLISHMOMENTUM: VOLATILE The material has been offered by InstaForex Company-www.instaforex.com

By | January 31, 2019

Bitcoin rejected off the $3,500 with strong bearish pressure which pushed the price towards $3,450. The price is currently residing at the edge of Kumo Cloud support from where it has a greater probability to push higher as per recent proceeding higher swing lows, having confluence as support to climb upwards in the coming days. Until the price remains above the Kumo cloud i.e. $3,400 with a daily close, there is a probability of a further upward move with a break above $3,500. The price can proceed higher towards $4,000 in the future. As the price remains above $3,000 area with a daily close, the bullish bias is expected to continue.

SUPPORT: 3,000, 3,250

RESISTANCE: 3,500, 3,600, 4,000

BIAS: BULLISH

MOMENTUM: VOLATILE

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EUR: Italy fell under recession, and inflation in crucial eurozone nations continues to decrease

By | January 31, 2019

Weak data on the growth of the eurozone economy, which came out today in the very first half of the day, injured euro buyers. It does not allow to form the continuation of the brand-new upward trend formed after yesterday’s report of the Federal Reserve System.

The Eurozone GDP development in 2018 turned out to be the weakest in four years and just excellent information on the German labor market, which started in 2019 with a strong note and restricted the down movement in dangerous properties.

According to the report of the Federal Work Service of Germany, the number of applications for welfare reduced by 2,000 in January 2019 compared to December. On the other hand, financial experts had actually forecast a decrease in the variety of jobless in the nation by 10,000 in January. The variety of registered jobs in January was 758,000. Regardless of the decrease in the number of applications, there was a slowdown compared to December, which, together with current stats on the German economy as an entire, does not form an intense possibility for the future. In January, the unemployment in Germany remained the same at the level of 5.0%.

As I noted above, GDP growth in the eurozone has actually seriously slowed.

According to the EU Statistics Company, the eurozone’s GDP in 2018 grew by just 1.8% over the year, after rising 2.4% in 2017. As for the development in the fourth quarter compared to the 3rd quarter of 2018, then the growth came close to absolutely no and totaled up to only 0.2%, which completely accompanied economists’ forecasts. A similar sign was observed in the 3rd quarter of 2018.

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All of these suggest that the prospects for the eurozone economy at the beginning of this year are extremely weak due to increased geopolitical and trade dangers. Activity is still obvious in Spain and Germany however Italy has actually already slipped into economic downturn. The German authorities today revised their forecasts for the country’s GDP growth in the existing year to 1% from 1.8%.

A report was released Currently today, mentioning that the preliminary GDP of Italy in the 4th quarter of this year fell instantly by 0.2% compared to the 3rd quarter and grew just by 0.1% over the year. Economists had actually forecast of 4% decrease in Italy’s GDP by 0.1% and a 0.3% boost, respectively.

Probably, individual problems of the Italian authorities in pursuit of expanding the budget deficit can be attributed to obvious factors affecting the decrease in financial development in numerous eurozone countries. Let me advise you that in 2015 there was a multi-month conflict in between the Italian federal government and the EU due to the planned boost in the deficit spending, which impacted company and consumer belief.

When it comes to the preliminary data on inflation, the CPI of France in January of this year fell immediately by 0.5% m/ m and rose just by 1.2% on an annualized basis. Economic experts had expected inflation to fall by 0.6% and development by 1.1%, respectively. The EU balanced customer rate index HCPI of France in January rose 1.4% year-on-year.

When it comes to the comparable signs in Spain, the harmonized customer cost index HCPI in January increased by 1.0% per annum against the projection of growth by 1.2%.

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Technical analysis of EUR/USD for 31/01/2019

By | January 31, 2019

Technical analysis of EUR/USD for 31/01/2019: An abrupt breakout out of the variety, a target is a method higher.Market technical overview: The bulls have actually managed to hit the 61 %Fibonacci retracement and break through it towards the next target at 1.1500.

This abrupt breakout from the horizontal debt consolidation area has actually made a new regional high at the level of 1.1507, which is at 61%of the Fibo Extension of the previous regional swing up. This level might be a target for the existing wave up, but if the bulls will get even more powerful and choose to follow the current spike up, then the next target is projected at the level of 1.1566. This is just 4 pips below the swing high at 1.1570. In order to make such a move up, the level of 1.1489 must not be breached, otherwise, the rate will pull-back towards the technical support at 1.1449. Weekly Pivot Points: WR2 – 1.1506 WR1 -1.1469 Weekly Pivot- 1.1377 WS1 -1.1339 WS2-1.1268 Trading suggestions: All buy orders should be set to trailing stop mode, with the protective stop set at the level of 1.1486. Any violation of this level would deepen the pull-back to 1.1449

. The target for the buy orders, if

the level of 1.1507 is broken

prior to the level of 1.1487 is, can be seen at 2 unique levels: 1.1539 and after that at 1.1566. The material has actually been supplied by InstaForex Company-www.instaforex.com

Technical analysis for EUR/USD for January 31, 2019 888011000 110888 EURUSD broke above the 1.1462 resistance and 61.8% Fibonacci retracement yesterday and reached 1.15. Regaining 1.15 will be a crucial win for bulls but with the Daily RSI in overbought levels comparable to our last important top at 1.1570 back in early January I would not chase after the bullish side of the marketplace here. Red line – trend line support Green rectangular shapes -possible top setup similar to January 10th EUR/USD is now challenging the 78.6 % Fibonacci retracement. A draw back towards 1.1450 would be healthy for bulls in order to collect momentum for another strong leg for a greater high. If however price breaks listed below the red pattern line resistance, then there are high possibilities we see a leading similar to the one back in early January at 1.1570 and a new leg down starts. The 1.14 level is essential assistance now as 1.13-1.1320 once was. Breakingbelow 1.14 will be an extremely bearish sign, implying that a lower high is in and we are starting the next leg lower towards 1.10-1.11. The product has been offered by InstaForex Business-www.instaforex.com

By | January 31, 2019

EURUSD broke above the 1.1462 resistance and 61.8% Fibonacci retracement yesterday and reached 1.15. Recapturing 1.15 will be an important win for bulls but with the Daily RSI in overbought levels similar to our last important top at 1.1570 back in early January I would not chase the bullish side of the market here.

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Red line – trend line support

Green rectangles – possible top setup similar to January 10th

EUR/USD is now challenging the 78.6% Fibonacci retracement. A pull back towards 1.1450 would be healthy for bulls in order to gather momentum for another strong leg for a higher high. If however price breaks below the red trend line resistance, then there are high chances we see a top similar to the one back in early January at 1.1570 and a new leg down starts. The 1.14 level is key support now as 1.13-1.1320 once was. Breaking below 1.14 will be a very bearish sign, implying that a lower high is in and we are starting the next leg lower towards 1.10-1.11.

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Forecast for GBP/USD on January 31, 2019 888011000 110888 GBP/USD Yesterday’s growth of the British pound on a very “soft” declaration of the Federal Reserve was slow, the development was 51 points. Investors are still concerned about the unpredictability of Brexit, however parliamentarians handled to pass a law banning exit from the EU without a deal. The deal (contract) already exists, and if the EU does not make any concessions, the alternative of Theresa May will be accepted. The current circumstance makes our situation of the pound’s reversal even more unique after its small development on the truth that there is an exit from the bloc with a deal – investors burn out and the enjoyment subsides. In the existing circumstance, the pound is above the balance lines and Krusenstern lines on the four-hour chart. The development pattern continues.Today, the US willlaunch information on sales of brand-new houses for November, the projection is 569 thousand against 544 thousand in October. Tomorrow, according to Non-Farm Work Modification, a rather good figure of 165 thousand is anticipated in January. Taking into consideration the other day’s unnoticeable development of the pound, it can now decline to support the pattern line of the cost channel in the 1.3010 area. If the data disappoints, the development will continue to the formerly designated target levels of 1.3216, 1.3257, 1.3310. The product has been offered by InstaForex Business -www.instaforex.com

By | January 31, 2019

GBP/USD

Yesterday’s growth of the British pound on a very “soft” statement of the Federal Reserve was sluggish, the growth was 51 points. Investors are still concerned about the uncertainty of Brexit, but parliamentarians managed to pass a law banning exit from the EU without a deal. The deal (agreement) already exists, and if the EU does not make any concessions, the option of Theresa May will be accepted. The current situation makes our scenario of the pound’s reversal even more distinct after its slight growth on the fact that there is an exit from the bloc with a deal – investors burn out and the excitement subsides.

In the current situation, the pound is above the balance lines and Krusenstern lines on the four-hour chart. The growth trend continues.

Today, the US will release data on sales of new homes for November, the forecast is 569 thousand against 544 thousand in October. Tomorrow, according to Non-Farm Employment Change, a quite good figure of 165 thousand is expected in January. Taking into account yesterday’s inconspicuous growth of the pound, it can now decline to support the trend line of the price channel in the 1.3010 area. If the data disappoints, the growth will continue to the previously designated target levels of 1.3216, 1.3257, 1.3310.

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A more powerful yen affects the choice of financiers in Japan

By | January 30, 2019

The yen has actually reached a mark that shows that Japanese investors can go back to US Treasury bonds. Japan’s national currency increased above $ 110, and regional funds started to increase the purchase of foreign securities at the fastest speed in 4 months. In Deutsche Bank AG and Credit Agricole SA, they think that the pattern will speed up if the yen hurries to $ 100.

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On the other hand, in 2015 it was said that Japanese funds owning $ 2.4 trillion of abroad financial obligation would change financial investment preferences, as the modification of the Reserve bank rate resulted in a boost in the yield of federal government bonds. Now, it has become clear that this statement is very far from the truth, yields in Japan have fallen, and the yen has actually enhanced considerably in rate.

“We can see a growth in the demand of local investors for unhedged Treasury bonds versus the backdrop of the potential customers for reinforcing the yen, specifically after the currency has actually increased above $ 110. It is possible that a huge quantity of money went into foreign bonds, as the yen increased more than anticipated,” representatives of the Tokyo-based Sumitomo Mitsui Trust Possession Management Co. fund talk about the situation.Japanese life insurance companies are the biggest holders of foreign paper, so their demand might be decisive. 2 companies in October revealed their intention to purchase unhedged foreign financial obligation after the fall of the US dollar listed below 110 yen.Last year, the getting dollar made hedging costly for the Japanese, prompting financiers to net sales of 5.2 trillion yen( $47.5 billion)of US bonds in the first 11 months of the year. Three months before December, insurers sold foreign bonds worth about 900 billion yen. It is noted that now they have an enough quantity of money.Due to the reality that the yen lies listed below 110, the purchase of foreign securities in Japan from January 4 to January 18 totaled up to around 3 trillion yen. This is the highest rate considering that September. On Wednesday, the USD/ JPY was trading around$109.60 versus the$114.55 mark at the beginning of October, which is an 11-month low.Desire to risk The yen has very good potential customers ahead, in the coming months it might rise in cost to the dollar by approximately 100.

Currency strategists associate this to the truth that the slowdown in international development and tension between the United States and China in the matter of trade keep financiers from purchasing risky assets.At completion of last year, Japan’s baseline 10-year yield ended up being negative for the very first time in more than a year and totaled up to 0.005 %on Wednesday.

The yield premium that treasury bonds of the very same maturity offer in relation to Japan’s financial obligation rose to 271 basis points. In early January, this figure was 256. “Investors can not invest in bonds in yen, as their profitability falls. They need to take dangers and invest abroad to get profitability, “write local strategists.The material

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