Category Archives: Quick Forex

Euro Little Changed Following German ZEW Economic Sentiment Index

By | February 19, 2019

At 5:00 am ET Tuesday, German ZEW financial belief index for February has been launched. After the information, the euro altered little bit versus its major counterparts.

The euro was trading at 125.21 against the yen, 0.8748 versus the pound, 1.1355 versus the franc and 1.1306 versus the greenback around 5:01 am ET.

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

Technical analysis: Intraday Level For EUR/USD, Feb 19, 2019 888011000 110888 When the European market opens, some economic data will be released such as ZEW Economic Sentiment and German ZEW Economic Sentiment. The US will likewise release the financial data such as NAHB Housing Market Index, so in the middle of the reports, the EUR/USD set will move with a low to a medium volatility throughout this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1360. Strong Resistance: 1.1354. Initial Resistance: 1.1344. Inner Sell Area: 1.1334. Target Inner Area: 1.1311. Inner Buy Area: 1.1287. Initial Assistance: 1.1277. Strong Assistance: 1.1267. Breakout SELL Level : 1.1261. (Disclaimer)The material has been provided by InstaForex Company -www.instaforex.com

By | February 19, 2019

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When the European market opens, some economic data will be released such as ZEW Economic Sentiment and German ZEW Economic Sentiment. The US will also publish the economic data such as NAHB Housing Market Index, so amid the reports, the EUR/USD pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1360. Strong Resistance: 1.1354. Original Resistance: 1.1344. Inner Sell Area: 1.1334. Target Inner Area: 1.1311. Inner Buy Area: 1.1287. Original Support: 1.1277. Strong Support: 1.1267. Breakout SELL Level: 1.1261. (Disclaimer)

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

Technical analysis: Intraday level for USD/JPY, Feb 19, 2019 888011000 110888 In Asia, Japan will launch the Current Account and the US will release some economic data such as NAHB Housing Market Index. So there is a likelihood the USD/JPY set will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.10. Resistance. 2: 110.88. Resistance. 1: 110.67. Assistance. 1: 110.41. Support. 2: 110.19. Support. 3: 109.97.(Disclaimer)The material has been supplied by InstaForex Business-www.instaforex.com

By | February 19, 2019

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In Asia, Japan will release the Current Account and the US will publish some economic data such as NAHB Housing Market Index. So there is a probability the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.10. Resistance. 2: 110.88. Resistance. 1: 110.67. Support. 1: 110.41. Support. 2: 110.19. Support. 3: 109.97. (Disclaimer)

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

EUR/USD: real weakness of the greenback or vain hopes for progress in the negotiations?

By | February 19, 2019

In current weeks, the greenback has actually shown quite an excellent rally. An unclear analytical information from the United States,

and then favorable news about the trade negotiations between Washington and Beijing, required it to switch to defense mode against many of the currencies from the G10.Against the background of improving international danger hunger, the EUR/USD set fell to the bottom of the level of 1.1250, recovered above the level of 1.1300 and today is attempting to acquire a grip above this mark.Last week, the dollar received the main blow from the internal stats, which turned out to be significantly even worse than the forecast worths. In particular, in December, retail sales in the United States decreased at the fastest rate in practically a years, which has actually led to restored discuss preparing for a downturn in the US economy and the very best times for the greenback are over.It is assumed that this week a weak report on retail sales will continue to put pressure on the dollar, specifically since the minutes of the Fed’s January conference, which will be published this Wednesday, are most likely to verify the regulator’s intention to maintain a wait-and-see position in March.At the exact same time, the primary unfavorable factor for the single European currency is the reality that the ECB and the European Commission have recently modified downward projections for GDP development and inflation in the area,

which in turn delays the ECB interest rate trek to a later date. In addition, there is still tension on the political scene: the UK’s unchecked exit from the EU is still on the agenda. Investors are not positive about the possibility of presenting trade duties on European cars and trucks from the United States.Currently, favorable market expectations regarding the course of trade settlements in between the US and China are the main factor supporting the euro.Last Saturday, US President Donald Trump revealed substantial development in this direction.It need to be kept in mind that previously something comparable could already be observed. One can only hope that the White Home’s comments on the”excellent rate”of the talks(which, by the method, only 2 weeks are left )are a sign of a real advancement, not incorrect promises.Thus, to some degree, the additional growth of the EUR/USD set will depend on whether the parties participate in a trade agreement or the United States will extend the deadline for signing it.However, according to experts, the”bulls”on the euro are not especially counting on anything, given that just a development above the mark of 1.15 will be a sign of upward dynamics.The product has actually been offered by InstaForex Company -www.instaforex.com

February 18, 2019: EUR/USD is showing weak bullish recovery around the lower limit of its channel.

By | February 18, 2019

Considering that June 2018, the EUR/USD pair has been moving sideways with slight bearish propensity within the portrayed bearish Channel (In RED).

On November 13, the EUR/USD set demonstrated current bullish healing around 1.1220-1.1250 where the present bullish movement above the portrayed short-term bullish channel (In BLUE) was initiated.Bullish fixation above 1.1430 was required to improve an additional bullish movement towards 1.1520. Nevertheless, the market has actually been demonstrating apparent bearish rejection around 1.1430 couple of times so far.The EUR/USD pair has actually lost its bullish momentum because January 31 when a bearish engulfing candlestick was shown around 1.1514 where another coming down high was developed then.On February 5, a bearish day-to-day candlestick closure listed below 1.1420 ended the current bullish healing. This allowed the existing bearish motion to occur towards 1.1300-1.1270 where the lower limitation of the illustrated DAILY channel concerns fulfill the set. The EUR/USD pair is showing weak bullish recovery around the depicted cost zone (1.1300-1

.1270)with early signs of bearish turnaround probability.A bearish flag pattern might become confirmed if bearish determination below 1.1250 is accomplished on the daily-chart basis.

Pattern target is predicted towards 1.1000. Trade Recommendations: A counter-trend BUY entry was already recommended near the rate level(1.1285 )(the lower limit of the depicted movement channel). Stop Loss to be situated below 1.1225

while T/P level to be situated around 1.1350 and 1.1420. The product has been supplied by InstaForex Business- www.instaforex.com

Analysis of EUR/ USD Divergences for February 18. New bearish divergence will push the pair down once again?

By | February 18, 2019

4h< img width=" 450 "src ="http://qkfx.com/wp-content/uploads/2019/02/analysis-of-eur-usd-divergences-for-february-18-new-bearish-divergence-will-push-the-pair-down-again.png"alt="Iyi_3g5Aq8c2NN4GfUqdnic-eqkdRlILdxnuMTlv"/ > The EUR/ USD pair on the 4-hour chart after the formation of the bullish divergence at the MACD indication made a turnaround in favor of the euro and started the process of development in the direction of the correction level of 23.6%-1.1358. On February 18, a bearish divergence near the CCI sign is brewing. The education will allow traders to expect a turnaround in favor of the US dollar and the resumption of a fall in the direction of the correctional level of 0.0 %-1.1218. Hanging quotes from the Fibo level of 23.6% will similarly operate in favor of the start of the fall of the set.

The Fibo grid was developed on extremums from September 24, 2018, and November 12, 2018.

Daily

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On the 24-hour chart, the set went back to the correction level of 127.2% – 1.1285. Repairing the set under this level will operate in favor of the US dollar and a more fall in the instructions of the next Fibo level of 161.8% – 1.0941. Routine quotes from this level will permit us to count on a turn in favor of the EU currency and the beginning of growth in the instructions of the correction level of 100.0% – 1.1553.

The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.

Suggestions to traders:

Purchases of the EUR/ USD pair can be made now with the goal of 1.1358, as the set finished the closure above the level of 1.1269 (with the formation of bullish divergence), and the Stop Loss order listed below the level of 1.1269, and keep open purchases till the formation of the bearish divergence.

Sales of the EUR/ USD pair can be carried out with the target of 1.1219 if the pair perform a rebound from the Fibo level of 23.6% or in case of a bearish divergence, and a Stop Loss order above the level of 1.1358.

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

Indian oil signed the first agreement for the purchase of American oil for $ 1.5 billion

By | February 18, 2019

Indian Oil Corporation( IOC), the biggest oil and gas corporation in India, signed the very first annual contract for the purchase of oil from the United States worth $ 1.5 billion from the United States worth $ 1.5 billion, according to the chairman of Indian Oil Corporation (IOC), Sanjiva Singh. The daily volume of oil supplies amounted to 60,000 barrels.

The contract will start in April and end in March 2020. In addition to signing the contract, the business settled on conditions for importing as much as 3 million metric tons of oil from the United States as part of a strategy to diversify oil providers.

Earlier, IOC got hydrocarbons from the United States on the area markets and likewise concluded a short-term offer to buy 6 million barrels of United States oil from November 2018 to January 2019.

Thanks to a brand-new offer, Indian Oil Corporation will have the ability to reduce its dependence on OPEC, in addition to enhance trade relations between India and the United States.

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

Pound Advances Amid U.K. Minister'’s Talk about Brexit

By | February 18, 2019

The pound climbed versus its major equivalents in the European session on Monday, after a U.K. minister remarked that a no-deal Brexit would have ‘severe damage to the economy’ and the recent conversations with Brussels have been efficient.

Talking To BBC Radio 4’s Today program, David Lidington, Chancellor of the Duchy of Lancaster, told that a no-deal Brexit was ‘something that no member of the Cabinet wishes to see’.

The recent conversations held with the EU were a lot more than courtesy calls, Lidington told.

“It was a really useful discussion about the politics both within the United Kingdom and within the EU27 and a scoping-out of what was possible.”

Prime Minister Theresa Might is to hold Brexit talks with European Commission President Jean-Claude Juncker this week, following a symbolic defeat in Parliament last week.

Financiers also looked ahead to the next round of U.S.-China trade talks and pondered over the political fall-out from U.S. President Trump’s choice to declare national emergency in a bid to money his promised wall at the U.S.-Mexico border.

In economic releases, U.K. housing affordability improved at the fastest pace in 8 years in February, however annual house price development stayed weak, survey information from the home market information site Rightmove revealed.

U.K.’s yearly average wage growth of 3.4 percent outstripped asking costs at the fastest rate since 2011, the study found.

The pound has actually been trading greater versus its significant rivals in the Asian session, excepting the euro.

The pound advanced to 1.2979 versus the franc, a 4-day high, and was up from a low of 1.2947 hit at 3:15 am ET. Next essential resistance for the pound is seen around the 1.32 region.

After falling to 1.2892 versus the greenback at 3:15 am ET, the pound reversed instructions and climbed to 1.2939. The pound is seen discovering resistance around the 1.32 level.

The pound appreciated to a 4-day high of 143.02 against the yen, from a low of 142.50 hit at 5:30 pm ET. If the pound increases even more, 144.00 is most likely viewed as its next resistance level.

Information from the Cabinet Office revealed that Japan core device orders fell 0.1 percent on month in December – beating expectations for a decline of 1.0 percent following the flat reading in November.

On an annual basis, core device orders were up 0.9 percent – shy of forecasts for a boost of 3.4 percent following the 0.8 percent boost in the previous month.

On the other side, the pound held consistent against the euro, after having actually eased from a 5-day high of 0.8743 touched at 5:00 pm ET. The set was valued at 0.8758 at last week’s close.

The U.S. markets stay closed for Presidents Day vacation.

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UK Family Finance Index At 11-Month Low

By | February 18, 2019

UK homes’ evaluation of their monetary wellness fell to the most affordable level in eleven months in February, study data from the IHS Markit showed on Monday.

The IHS Markit Family Financing Index, or HFI, was up to 43.4 from 44.7 in January, marking the lowest reading because March 2018.

Job security understandings damaged for the 4th straight month to most affordable because January 2018, harming the year-ahead financial health expectations. February survey showed the greatest degree of pessimism regarding task security because January 2018.

Softer development was seen both work location activity and income from employment.

Living expenses increased at a sped up speed, and the rate of inflation was weak relative to those seen throughout many of 2018.

Expected living expense inflation for the coming 12 months climbed up in February, having actually been among the lowest for two years in January.

The basic view among UK homes towards UK monetary policy was changed in February by Bank of England. The bulk, 79 percent, continued to anticipate the next relocation by the Bank of England to be an increase within the next 2 years.

“The current HFI study likewise signifies that the enhancement in genuine profits growth, which has been driven by higher small pay and softer inflation, might not always equate into boosted costs by UK consumers,” IHS Markit economist Joe Hayes said.

“The effect on confidence caused by Brexit unpredictability continues to present a noteworthy risk to the domestic economy, also highlighted by job security understandings ending up being increasingly negative in February.”

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