French Current Account Deficit Narrows In October

By | December 7, 2017

The French bank account space narrowed in October from a month earlier, data from the Bank of France showed Thursday.

The current account deficit was up to EUR 2.2 billion in October from EUR 3.3 billion in September

The goods trade deficit dropped to EUR 3.3 billion in October from EUR 4.2 billion in the preceding month. Services trade balance came in at a surplus of EUR 0.3 billion in October versus EUR 0.1 billion in September.

The balance of primary income and secondary earnings revealed a stable surplus of EUR 0.8 billion.

The capital account stayed well balanced for the 2nd straight month in October, while the monetary account deficit rose considerably to EUR 19.5 billion from EUR 2.9 billion.

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

Bitcoin takes clients far from gold

By | December 7, 2017

In November, gold reported that it stayed in the narrowest trading variety ($ 1,265-1300 per ounce) from 2005. In early December, it likely evaluated its lower bound against the background of the promo of the bill on tax reform through the United States Congress. For a long period of time, rare-earth elements were supported by uncertainty surrounding this process and the prospective dangers of a sharp collapse of stock indices on the occasion that Republicans are not able to carry out the promises of the U.S. president. While whatever is going efficiently, and regardless of serious disputes in the propositions of the Senate and your house of Representatives, hopes that the file will be signed by the owner of the White House throughout the holidays is growing by leaps and bounds.The formation of

the $35 variety in the precious metals band is largely due to the pressure of 2 opposing groups of aspects. On the one hand, the Fed’s desire to trek rates in the event of financial reform in the US results in a boost in the yield of treasury bonds and the fortifying of the dollar, which gold is not able to compete with. On the other hand, in the context of uncertainty surrounding the overhaul of the tax system, the ceiling of the nationwide financial obligation, the relationship of the United States with North Korea, China and other countries that are ready to get a mark of the currency manipulator from Washington, investors would naturally diversify their portfolios in favor of dependable properties.

Characteristics of gold and yield of US bonds

analytics5a27ea421e518.png

Source: Bloomberg.Quotes of the XAU/USD might grow more if fans of the physical asset did not change to bitcoin and other cryptocurrencies in 2017. As a result, the sale of coins by the American court fell to its least expensive level considering that 2007.

There is no agreement on medium and long-term prospects for gold from banks and investment companies. TD Securities believes that its typical rate in 2018 will be $1,313 per ounce, which is roughly 4% higher than the exact same sign of the current year. Yes, the Fed will continue to trek the rate on federal funds, however this will unlikely enhance the dollar, as other reserve banks will begin to stabilize monetary policy. The tax reform will help accelerate inflation and reduce the real yield of US Treasury bonds, which is also a bullish factor for XAU/USD. Similar positions are held by HSBC Securities and CPM Group, expecting to see average prices at $1310 and $1322.

Current and average gold rates

analytics5a27ea4f4d534.png

Source: Bloomberg. On the contrary, Citigroup and ABN Amro forecast $1,270 and $1,250 per ounce in 2018 due to improved health conditions of the United States and the worldwide economy, more aggressive actions by the Fed than the marketplace is presently awaiting, and slow need for fashion jewelry in Asia.

Therefore, both “bulls” and “bears” have rather serious arguments. On which of them will eventually choose to utilize gold, and will identify its characteristics next year.

Technically, the output of futures prices estimate outside the combination range of $1262-1302 and the breakthrough of diagonal support in the form of the lower border of the upward trading channel increases the threats of carrying out the target by 78.6% on the Gartley pattern.

Gold, everyday chart

analytics5a27ea593c50d.png

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

Technical analysis of EUR/USD for Dec 07, 2017 888011000 110888 When the European market opens, some Economic Data will be launched, such as French 10-y Bond Auction, Spanish 10-y Bond Auction, Italian Quarterly Unemployment Rate, French Trade Balance, and German Industrial Production m/m. The United States will release the Economic Data, too, such as Consumer Credit m/m, Gas Storage, UnemploymentClaims, and Challenger TaskCuts y/y, so, amidst the reports, EUR/USD will move in a low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Breakout BUYLevel: 1.1851.Strong Resistance:1.1844. Original Resistance: 1.1833. Inner Offer Location: 1.1822.Target Inner Location: 1.1794.Inner Buy Area: 1.1766. Original Support: 1.1755. Strong Assistance: 1.1744. Breakout SELL Level: 1.1737. Disclaimer: Trading Forex(forex)on margin carries a high level of threat, and might not be suitable for all financiers. The high degree of utilize can work versus you along with for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and danger hunger. The possibility exists that you could sustain a loss of some or all your preliminary investment and for that reason you need to not invest loan that you can not manage to lose. You should know all the dangers connected with foreign exchange trading, and consult from an independent financial consultant if you have any doubts.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | December 7, 2017

EURUSD.jpg

When the European market opens, some Economic Data will be released, such as French 10-y Bond Auction, Spanish 10-y Bond Auction, Italian Quarterly Unemployment Rate, French Trade Balance, and German Industrial Production m/m. The US will release the Economic Data, too, such as Consumer Credit m/m, Natural Gas Storage, Unemployment Claims, and Challenger Job Cuts y/y, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1851.

Strong Resistance:1.1844.

Original Resistance: 1.1833.

Inner Sell Area: 1.1822.

Target Inner Area: 1.1794.

Inner Buy Area: 1.1766.

Original Support: 1.1755.

Strong Support: 1.1744.

Breakout SELL Level: 1.1737.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Technical analysis of USD/JPY for Dec 07, 2017 888011000 110888 In Asia, Japan will release the Leading Indicators and 30-y Bond Auction information, and the US will launch some Economic Data, such as Customer Credit m/m, Natural Gas Storage, UnemploymentClaims, and Challenger JobCuts y/y. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.02.Resistance. 2: 113.80. Resistance. 1: 112.58. Assistance. 1: 112.30. Assistance. 2: 112.08. Support. 3: 111.86. Disclaimer: Trading Forex(forex)on margin brings a high level of risk, and may not be suitable for all investors. The high degree of take advantage of can work against you as well as for you. Prior to choosing to purchase foreign exchange you ought to thoroughly consider your investment goals, level of experience, and danger cravings. The possibility exists that you might sustain a loss of some or all your initial financial investment and for that reason you must not invest cash that you can not pay for to lose. You must know all the risks related to foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.The product has actually been supplied by InstaForex Business-www.instaforex.com

By | December 7, 2017

USDJPY.jpg

In Asia, Japan will release the Leading Indicators and 30-y Bond Auction data, and the US will release some Economic Data, such as Consumer Credit m/m, Natural Gas Storage, Unemployment Claims, and Challenger Job Cuts y/y. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 113.02.

Resistance. 2: 113.80.

Resistance. 1: 112.58.

Support. 1: 112.30.

Support. 2: 112.08.

Support. 3: 111.86.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Australia Has A$ 105 Million Trade Surplus In October

By | December 7, 2017

Australia published a seasonally adjusted product trade surplus of A$ 105 million in October, the Australian Bureau of Stats said on Thursday – down 93 percent on month.

That was well shy of expectations for a surplus of A$ 1.4 billion, and it was down greatly from the downwardly revised A$ 1.604 billion surplus in September (initially A$ 1.745 billion).

Exports were down A$ 903 million or 3.0 percent on month to A$ 31.871 billion.

Non-rural items fell A$ 1.074 billion (5 percent) and rural items dropped A$ 85 million (2 percent).

Non-monetary gold surged A$ 362 million (24 percent), while net exports of products under merchanting climbed A$ 12 million (25 percent) and services credits fell A$ 118 million (2 percent).

Imports acquired A$ 596 million or 2.0 percent to A$ 31.766 billion.

Intermediate and other merchandise items included A$ 385 million (4 percent), while consumption goods gained A$ 197 million (2 percent) and non-monetary gold jumped A$ 16 million (4 percent).

Capital products lost A$ 120 million (2 percent) and services debits rose A$ 119 million (2 percent).

On Thursday, the Australian Industry Group said that the building sector in Australia continued to expand in November, and at an accelerated speed, with an Efficiency of Construction Index rating of 57.5.

That’s up from 53.2 in October, and it moves even more above the boom-or-bust line of 50 that separates expansion from contraction.

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

ARGENTINA: Car Production Increases 3.1% On Month In November

By | December 7, 2017

Car production in Argentina struck 45,228 units in November, 3.1% more than in October, however 3.7% less than in the exact same month last year, stated the nation’s Association of Automotive Manufacturers (ADEFA).

The sector exported 19,122 cars – 9.7% less than in the previous month, and 11.2% listed below the volume recorded in the same month of 2016.

In wholesale sales, the sector sold 78,631 units, a volume that was 5.7% over the previous month’s record, and 26% greater compared with November in 2015.

Year-to-date, the automobile sector produced 438,878 systems, 1.4% more than in the very same duration of the previous year.

The product has actually been provided by InstaForex Business – www.instaforex.com

BITCOIN Analysis for December 6, 2017 888011000 110888 Bitcoin has actually been rather spontaneous with the gains and presently is residing at the record breaking rate above $12,600. The impulsive move was non-volatile and extremely fast after the break above $11,700. Judging the present impulsive behavior of the cryptocurrency, the rate is anticipated to reach $14,000 by the 10th or 18th of December when the Bitcoin Future is going to be introduced. As Bitcoin is being legalized by more nations, the belief is quite in favor of the bullish run which is currently unstoppable. Since the present circumstance, Bitcoin has actually been a bit corrective but being supported by the dynamic levels of 20 EMA, Tenkan, and Kijun line which are anticipated to push the price much greater with much deeper retracement along the method. As the rate remains above $11,500 price location and vibrant levels of 20 EMA, Tenkan and Kijun line, the impulsive bullish predisposition is expected to continue even more. The material has been provided by InstaForex Business- www.instaforex.com

By | December 6, 2017

Bitcoin has been quite impulsive with the gains and currently is residing at the record breaking price above $12,600. The impulsive move was non-volatile and very quick after the break above $11,700. Judging the current impulsive behavior of the cryptocurrency, the price is expected to reach $14,000 by the 10th or 18th of December when the Bitcoin Future is going to be launched. As Bitcoin is being legalized by more countries, the sentiment is quite in favor of the bullish run which is currently unstoppable. As of the current scenario, Bitcoin has been a bit corrective but being supported by the dynamic levels of 20 EMA, Tenkan, and Kijun line which are expected to push the price much higher with much deeper retracement along the way. As the price remains above $11,500 price area and dynamic levels of 20 EMA, Tenkan and Kijun line, the impulsive bullish bias is expected to continue further.

analytics5a2808b3a237b.jpg

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