The Euro switched to Jackson Hole

By | August 18, 2017

If the minutes of the July conference of the ECB terrified the bulls for the euro, then it was only for a little while. The European Central Bank revealed its concern about the future strengthening of the currency exchange rate, stating that the current EUR/USD movement remains in line with the healing procedure of the euro-zone economy. Actually, the GDP development of the Euro monetary bloc, although not much, still outstripped the growth of its American equivalent, and the low level of political dangers after the defeat of Eurosceptics in France adds to the capital inflow. In contrast to the Vintage, things in the New World are going, to put it slightly, not extremely well.Positive information on the labor market and retail sales did not add optimism to the advocates of the United States dollar. Evaluating by the minutes of the last

meeting of the FOMC, the Fed’s fears about inflation are still high. At the same time, the “dovish”rhetoric of the head of the Federal Reserve Bank of Dallas Robert Kaplan, urging the U.S. central bank to be client in the conditions of slowing CPI and PCE, lowered the opportunities of a December financial tightening from 48%to 42 %. Pressures on the USD index was produced due to the political strife within the United States. Disappointed with the

position of Donald Trump on a number of problems, business leaders began to leave the president’s financial councils, which resulted in their liquidation. Discontent with the actions of the head of the White House was expressed not just by politicians, including representatives of their own Republican politician Party, however also by financial experts, which undermines self-confidence and contributes to the further collapse of the dollar. Connection of these signs persuades that the market has recently reacted more to reports and chatter of a political nature than to macroeconomic statistics.The characteristics of the dollar index and the mistrust index of Donald Trump< img width ="450" src ="http://qkfx.com/wp-content/uploads/2017/08/the-euro-switched-to-jackson-hole.png "alt=" Analytics5996dae702450.png"/ > Source: Bloomberg.By August 26, the focus

Analytics5996dae702450.png

of investors’attention will be on the conference of heads of central banks in Jackson Hole. Following the June speech of Mario Draghi about the victory over deflation, the markets applauded the ECB exceedingly. The media called him a more prominent figure than Janet Yellen, the male who provoked the minimum peak of hysterics. In this regard, the traditional top at the end of August was compared with previous occasions, when ex-Fed Chairman Ben Bernanke announced completion of the QE, and at the exact same Draghi announced the launch of the quantitative easing program. The record of the last meeting of the ECB has revealed that there are not a surprises awaiting the “bulls” for the euro.The Governing Council examined the issue of interacting information. Advocates of the steady preparation of investors for the normalization of monetary policy, led by Benoit Coeure, were forced to pull away. Considering this as the smallest signal about the ending up of the QE, raised EUR/USD quotes. Over the past 3 months, the trade-weighted euro rate has actually soared by 5%, which develops serious issues for inflation, export and monetary conditions and allows the forecast a slowdown in the euro area’s GDP.Technically, the exit of quotes beyond the coming down short-term channel and an effective resistance push ahead of

1.181-1.182 will be the proof of the completion of the retreat and will open the way for the EUR/USD upwards. On the contrary, the upgrade of the corrective low near 1.167 will increase the dangers of development of the bearish counterattack in the direction of 1.15. EUR/ USD, everyday chart The product has actually been supplied by InstaForex Company-www.instaforex.com

Gold Slinks Back Below $1300 As Bannon Departs

By | August 18, 2017

the University of Michigan released a report on Friday revealing a much larger than anticipated improvement in U.S. consumer sentiment in the month of August.

The report stated the preliminary reading on the consumer belief index for August leapt to 97.6 from the last July reading of 93.4. Economic experts had actually anticipated the index to inch as much as 94.0.

“Consumer confidence rose in the first half of August to its greatest level considering that January due to a more favorable outlook for the total economy along with more favorable individual monetary prospects,” said Richard Curtin, the survey’s chief economist.

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

Technical analysis of USD/JPY for August 18, 2017 888011000 110888 USD/JPY is under pressure and expected to trade with bearish outlook. The pair remains in consolidation, and the nearest resistance at 109.25 maintains the strong selling pressure on the rates. The relative strength index is blended to bearish listed below its neutrality area at 50. To summarize, as long as 109.14 hangs on the upside, search for a return to 108.30. A break listed below 108.30 would activate a brand-new drop towards 108.10. If the cost moves in the opposite direction, a long position is advised above 109.25 with a target at 109.65. Chart Explanation: The black line shows the pivot point. The current price 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 show the assistance levels and the green lineshows the resistance level. These levels canbe used to go into and exit trades.Strategy: BUY, Stop Loss: 109.25, Take Profit: 1 Resistance levels: 109.65, 109.90, and 110.25 Support Levels: 108.30, 108.10, 107.50 The product has actually been offered by InstaForex Company -www.instaforex.com

By | August 18, 2017

USDJPYM30.png

USD/JPY is under pressure and expected to trade with bearish outlook. The pair remains in consolidation, and the nearest resistance at 109.25 maintains the strong selling pressure on the prices. Furthermore, the relative strength index is mixed to bearish below its neutrality area at 50.

To sum up, as long as 109.14 holds on the upside, look for a return to 108.30. A break below 108.30 would trigger a new drop towards 108.10.

Alternatively, if the price moves in the opposite direction, a long position is recommended above 109.25 with a target at 109.65.

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: 109.25, Take Profit: 1

Resistance levels: 109.65, 109.90, and 110.25

Support Levels: 108.30, 108.10, 107.50

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

Technical analysis of USD/CHF for August 18, 2017 888011000 110888 USD/CHF is anticipated to continue the disadvantage motion. The pair is trading listed below its decreasing 50-period and 20-period moving averages , which play resistance roles and keep the drawback predisposition. The relative strength index is bearish listed below its neutrality level at 50. To conclude, as long as 0.9660 is resistance, an additional drawback to 0.9550 and even to 0.9500 seems most likely to happen. Chart Explanation: The black line shows the pivot point. The present cost above the pivot point suggests the bullish position, and the cost below the pivot points suggests the brief position. The red lines reveal theassistance levels and the green line indicates the resistance levels. These levels can be utilized to exit and get in trades.Strategy: OFFER,Stop Loss: 0.9660, Take Revenue: 0.9550 Resistance levels: 0.9685, 0.9715, and 0.9750 Support levels : 0.9550, 0.9500, and 0.9475 The product has actually been supplied by InstaForex Business-www.instaforex.com

By | August 18, 2017

USDCHFM30.png

USD/CHF is expected to continue the downside movement. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is bearish below its neutrality level at 50.

To conclude, as long as 0.9660 is resistance, a further downside to 0.9550 and even to 0.9500 seems more likely to occur.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates the bullish position, and the price below the pivot points indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: SELL, Stop Loss: 0.9660, Take Profit: 0.9550

Resistance levels: 0.9685, 0.9715, and 0.9750

Support levels: 0.9550, 0.9500, and 0.9475

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

Technical analysis of GBP/JPY for August 18, 2017 888011000 110888 All our targets which we anticipated yesterday were fulfilled. GBP/JPY is still under pressure and expected to continue the disadvantage movement. The set remains weak listed below its falling 50-period and 20-period moving averages, and is expected to post further drawbacks. The procedure of lower lows and highs stays intact, which must confirm a negativeoutlook. Besides, the relative strength index is still bearish, without revealing any turnaround signals. To conclude, as long as 141.20 is not gone beyond, the threat of a slide listed below 139.20 stays high. Our next down target is set at 138.65. If the price moves in the opposite directionas forecasted, a long position is recommended above 142.25 with the target at 142.65. Method: OFFER, Stop Loss: 139.20, Take Profit: 138.65. Chart Explanation: the black line reveals the pivot point. The rate above the pivot point suggests the bullish position; and when it is below the pivot points, it shows a brief position. The red lines show the assistance levels and the green lineindicates the resistance levels. These levels canbe utilized to go into and leave trades.Resistance levels: 141.50, 142.05, and 143.00 Support levels: 139.20, 138.65, and 138.00 The material has been supplied by InstaForex Company-www.instaforex.com

By | August 18, 2017

GBPJPYM30.png

All our targets which we predicted yesterday were met. GBP/JPY is still under pressure and expected to continue the downside movement. The pair remains weak below its falling 20-period and 50-period moving averages, and is expected to post further downsides. The process of lower highs and lows remains intact, which should confirm a negative outlook. Besides, the relative strength index is still bearish, without showing any reversal signals.

To conclude, as long as 141.20 is not surpassed, the risk of a slide below 139.20 remains high. Our next down target is set at 138.65.

Alternatively, if the price moves in the opposite direction as predicted, a long position is recommended above 142.25 with the target at 142.65.

Strategy: SELL, Stop Loss: 139.20, Take Profit: 138.65.

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

Resistance levels: 141.50, 142.05, and 143.00

Support levels: 139.20, 138.65, and 138.00

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

Technical analysis of NZD/USD for August 18, 2017 888011000 110888 NZD/USD is expected to trade with bullish outlook above 0.7275. The technical picture of the set is positive as the prices are supported by a bullish trend line. The upward momentum is further reinforced byboth rising 50-period and 20-period moving averages. The relative strength index is bullish and calls for an additional benefit. While the cost holds above 0.7275, look for a new obstacle to 0.7350 and even to 0.7370 in extension. The black line shows the pivot point. Presently, the cost is above the pivot point which suggests the bullish position. If it stays below the pivot point, it will indicate the short position. The red lines show the assistance levels and the green line suggests the resistance levels. These levels can be used to get in and exit trades.Resistance levels: 0.7350, 0.7365, and 0.7400 Support levels: 0.7250, 0.7225, and 0.7175 The product has been offered by InstaForex Business -www.instaforex.com

By | August 18, 2017

NZDUSDM30.png

NZD/USD is expected to trade with bullish outlook above 0.7275. The technical picture of the pair is positive as the prices are supported by a bullish trend line. The upward momentum is further reinforced by both ascending 20-period and 50-period moving averages. The relative strength index is bullish and calls for a further upside.

Therefore, while the price holds above 0.7275, look for a new challenge to 0.7350 and even to 0.7370 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point which indicates the bullish position. If it remains below the pivot point, it will indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7350, 0.7365, and 0.7400

Support levels: 0.7250, 0.7225, and 0.7175

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

GBP/USD analysis for August 18, 2017 888011000 110888 Just recently, the GBP/USD set has actually been trading sideways at the price of 1.2875. Anyhow, inning accordance with the 15M time frame, I discovered a phony breakout of resistance cluster and yesterday’s high at 1.2910, which is an indication that purchasers got caught and sellers took control. The RSI oscilator showed a covert bearish divergence, which is another indication that sellers remain in control. My suggestions is to expect possible selling opportuntiies. The downwards targets are setat 1.2845 and 1.2810. Resistance levels: R1: 1.2905 R2: 1.2940 R3: 1.2970 Assistance levels: S1: 1.2845 S2: 1.2815 S3: 1.2780 Trading suggestions for today: watch for prospective selling opportunities.The product has been provided by InstaForex Business-www.instaforex.com

By | August 18, 2017

analytics5996db8926219.png

Recently, the GBP/USD pair has been trading sideways at the price of 1.2875. Anyway, according to the 15M time frame, I found a fake breakout of resistance cluster and yesterday’s high at 1.2910, which is a sign that buyers got trapped and sellers took control. The RSI oscilator showed a hidden bearish divergence, which is another sign that sellers are in control. My advice is to watch for potential selling opportuntiies. The downwards targets are set at 1.2845 and 1.2810.

Resistance levels:

R1: 1.2905

R2: 1.2940

R3: 1.2970

Support levels:

S1: 1.2845

S2: 1.2815

S3: 1.2780

Trading recommendations for today: watch for potential selling opportunities.

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

Analysis of EUR/JPY for August 18, 2017 888011000 110888 Just recently, the EUR/JPY has been trading downwards. As I expected, the rate evaluated the level of 127.83( the other day’s very first target). According to the 4H timespan, I found a breakout of assistance at 128.05, which is an indication that purchasing looks dangerous which sellers are in control. I discovered weakness in the background( phony breakout, damaged rising wedge), so my suggestionsis to view or potentialselling opportunities. The down targets are set at the rate of 127.50 and 126.50. Resistance levels: R1: 129.35 R2: 130.25 R3: 130.80 Support levels: S1: 127.95 S2: 127.40 S3: 126.50 Trading recommendations for today: look for possible selling opportunities.The product has been offered by InstaForex Company-www.instaforex.com

By | August 18, 2017

analytics5996d8dac67bc.png

Recently, the EUR/JPY has been trading downwards. As I expected, the price tested the level of 127.83 (yesterday’s first target). According to the 4H time frame, I found a breakout of support at 128.05, which is a sign that buying looks risky and that sellers are in control. I found weakness in the background (fake breakout, broken rising wedge), so my advice is to watch or potential selling opportunities. The downward targets are set at the price of 127.50 and 126.50.

Resistance levels:

R1: 129.35

R2: 130.25

R3: 130.80

Support levels:

S1: 127.95

S2: 127.40

S3: 126.50

Trading recommendations for today: watch for potential selling opportunities.

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

Essential analysis of USD/CHF for August 18, 2017 888011000 110888 USD/CHF has been impulsively bearish just recently after recovering from the restorative variety resistance of 0.9770 location. CHF financial reports were rather neutral in nature along with the PPI report which published at 0.0% as anticipated which previously was at -0.1%. So this report had small impact. On the other hand, the United States released both positive and unfavorable financial reports which affected other currencies however could not stop the CHF growth. Today the US Prelim UoM Customer Belief report is going to be released which is anticipated to reveal slight enhancement to 94.0 from the previous figure of 93.4. Besides, FOMC Member Kaplan is going to speak today about the rate of interest and future financial policies. His remarks are expected to be neutral in nature with no tips of current rate walking decisions. To summarize, CHF did not have any high effect economic reports this week however handled to acquire and preserve the bearish pattern against USD which does hint that CHF is still rather more powerful with the total market belief in place. If USD reports offer any favorable reports of high impact events in future we might see some USD gains otherwise CHF is expected to gain further in the coming days.Now let uslook at the technical view. The cost has actually turned down the 0.9770 resistance level just recently which lead to further spontaneous bearish pressure in the set. The cost is presently residing below the dynamic level of 20 EMA and anticipated to reach 0.9450 support level in the coming days. As the cost stays listed below the 0.9770 resistance level with an everyday close, the bearish bias is expected to continue even more in the coming days. The product has actually been provided by InstaForex Company-www.instaforex.com

By | August 18, 2017

USD/CHF has been impulsively bearish recently after bouncing back from the corrective range resistance of 0.9770 area. CHF economic reports were quite neutral in nature as well as the PPI report which published at 0.0% as expected which previously was at -0.1%. So this report had minor impact. On the other hand, the United States published both positive and negative economic reports which affected other currencies but could not stop the CHF growth. Today the US Prelim UoM Consumer Sentiment report is going to be published which is expected to show slight improvement to 94.0 from the previous figure of 93.4. Besides, FOMC Member Kaplan is going to speak today about the interest rates and future monetary policies. His comments are expected to be neutral in nature with no hints of recent rate hike decisions. To sum up, CHF did not have any high impact economic reports this week but managed to gain and maintain the bearish trend against USD which does hint that CHF is still quite stronger with the overall market sentiment in place. If USD reports provide any positive reports of high impact events in future we might see some USD gains or else CHF is expected to gain further in the coming days.

Now let us look at the technical view. The price has rejected the 0.9770 resistance level recently which lead to further impulsive bearish pressure in the pair. The price is currently residing below the dynamic level of 20 EMA and expected to reach 0.9450 support level in the coming days. As the price remains below the 0.9770 resistance level with a daily close, the bearish bias is expected to continue further in the coming days.

analytics5996d4e508dc8.jpg

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