Category Archives: Quick Forex

Singapore Exports Fall The Majority Of In Over Two Years

By | February 18, 2019

Singapore’s exports decreased one of the most over two years in January, figures from Enterprise Singapore revealed on Monday.

Non-oil domestic exports, or NODX, dropped 10.1 percent year-on-year following an 8.5 percent decline in December. The latest decrease was the greatest because 2016. NODX decreased for a third straight month.

Both electronics and non-electronics NODX declined in January. Electronic NODX declined by 15.9 percent in January, after the 11.2 percent fall in the previous month.

Non-electronic NODX dropped 7.9 percent in January, following the 7.4 percent decline in December.

The firm associated the most recent fall in the NODX primarily to lower need from the EU, China, South Korea and Hong Kong. Exports to most of the leading markets declined in December, except the Malaysia, Indonesia and United States.

On a month-on-month basis, seasonally changed NODX fell 5.7 percent in January after a 4.0 percent decline in the previous month.

Overall trade increased 4.3 percent in January after a 1.6 percent growth in the preceding month. Imports grew 8 percent and exports increased 1 percent.

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Gold Hovers Near Two-week High

By | February 18, 2019

Gold costs hovered near their greatest level in more than 2 weeks on Monday and the dollar weakened as financiers bet more progress would be made in U.S.-China trade talks.

Area gold increased 0.2 percent to $1,324.31 per ounce, just below a 9-month high of $1,326.30 an ounce marked on January 31. U.S. gold futures were bit changed at $1,327.45 an ounce.

After 5 days of settlements in Beijing, a declaration from the White House kept in mind that high level U.S.-China trade talks recently caused “progress between the two celebrations”, but “much work remains.”

The talks will continue in Washington today as both sides race to reach a deal by the March 1 due date.

Financiers also watched the current Brexit developments and pondered over the political fall-out from U.S. President Trump’s choice to declare nationwide emergency situation in a bid to money his guaranteed wall at the U.S.-Mexico border.

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Technical analysis of USD/CAD for February 18, 2019 888011000 110888 Summary: The USD/CAD pair continues to move upwards from the level of 1.3228. Today, the very first assistance level is presently seen at 1.3228, the cost is moving in a bullish channel now. The price has actually been set above the strong support at the level of 1.3228, which coincides with the 61.8% Fibonacci retracement level. This assistance has actually been declined three times confirming the veracity of an uptrend. According to the previous occasions, we anticipate the USD/CAD set to trade in between 1.3228 and 1.3328. So, the support stands at 1.3228, while everyday resistance is discovered at 1.3328. The market is most likely to reveal signs of a bullish trend around the area of 1.3228. In other words, buy orders are suggested above the spot of 1.3228 with the very first target at the level of 1.3328; and continue towards 1.3295. If the USD/CAD set fails to break through the resistance level of 1.3328 today , the market will decline further to 1.3228-1.3200. The product has actually been provided by InstaForex Business-www.instaforex.com

By | February 18, 2019

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Overview:

The USD/CAD pair continues to move upwards from the level of 1.3228. Today, the first support level is currently seen at 1.3228, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3228, which coincides with the 61.8% Fibonacci retracement level. This support has been rejected three times confirming the veracity of an uptrend. According to the previous events, we expect the USD/CAD pair to trade between 1.3228 and 1.3328. So, the support stands at 1.3228, while daily resistance is found at 1.3328. Therefore, the market is likely to show signs of a bullish trend around the spot of 1.3228. In other words, buy orders are recommended above the spot of 1.3228 with the first target at the level of 1.3328; and continue towards 1.3295. However, if the USD/CAD pair fails to break through the resistance level of 1.3328 today, the market will decline further to 1.3228-1.3200.

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Technical analysis of GBP/USD for February 18, 2019 888011000 110888 Overview: The GBP/USD pair continues to move downwards from the areas of 1.3210 and 1.2913 in the long term. Recently, the pair dropped from the level of 1.3210 to 1.2913 which coincides with a ratio of 61.8 %Fibonacci on the H4 chart. Today, resistance is seen at the levels of 1.3130 and 1.3210. So, we expect the price to set below the strong resistance at the levels of 1.3130 and 1.3210; since the rate remains in a bearish channel now. Amidst the previous events, the price is still moving in between the levels of 1.3010 and 1.2734. Overall, we still choose a bearish scenario as long as the price is listed below the level of 1.3010. If the GBP/USD set is able to break out the bottom at 1.2913, the market will decline further to 1.2734( day-to-day support 1). Thus, the cost will fall under a bearish pattern in order to go even more towards the strong assistance at 1.2734 to check it again. The level of 1.2704 will form a double bottom. On the other hand, if the price closes above the strong resistance of 1.3210, the very best area for a stop loss order is seen above 1.3250. The material has actually been offered by InstaForex Company-www.instaforex.com

By | February 18, 2019

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Overview:

The GBP/USD pair continues to move downwards from the areas of 1.3210 and 1.2913 in the long term. Last week, the pair dropped from the level of 1.3210 to 1.2913 which coincides with a ratio of 61.8% Fibonacci on the H4 chart. Today, resistance is seen at the levels of 1.3130 and 1.3210. So, we expect the price to set below the strong resistance at the levels of 1.3130 and 1.3210; because the price is in a bearish channel now. Amid the previous events, the price is still moving between the levels of 1.3010 and 1.2734. Overall, we still prefer a bearish scenario as long as the price is below the level of 1.3010. Furthermore, if the GBP/USD pair is able to break out the bottom at 1.2913, the market will decline further to 1.2734 (daily support 1). Hence, the price will fall into a bearish trend in order to go further towards the strong support at 1.2734 to test it again. The level of 1.2704 will form a double bottom. On the other hand, if the price closes above the strong resistance of 1.3210, the best location for a stop loss order is seen above 1.3250.

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Indicator analysis. Daily review for February 18, 2019 for the set EUR/ USD

By | February 18, 2019

On Monday, the rate may continue to move upwards. The first upper target 1.1343 is the upper fractal. Fig. 1(daily schedule). Comprehensive analysis:-indication analysis-up;-

Fibonacci levels-up;-volumes-

up;-candlestick analysis

– up;-pattern analysis – up;

– Bollinger lines – up;

– weekly schedule- up.General conclusion: On Monday, the

rate might continue to move upwards. The very first upper target 1.1343 is the upper fractal.

After lunch, the market will be narrow(United States vacation). The product has been provided by InstaForex Company-www.instaforex.com

Technical analysis: Intraday Level For EUR/USD, Feb 18, 2019 888011000 110888 Today, when the European and the US markets open, no economic data will be released. So in the middle of this condition, the EUR/USD set will most likely move with a low volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1346. Strong Resistance: 1.1340. Initial Resistance: 1.1329. Inner Sell Location: 1.1318. Target Inner Area: 1.1292. Inner Buy Area: 1.1266. Original Assistance: 1.1255. Strong Support: 1.1244. Breakout OFFER Level: 1.1238 .(Disclaimer )The product has been provided by InstaForex Company -www.instaforex.com

By | February 18, 2019

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Today, when the European and the US markets open, no economic data will be released. So amid this condition, the EUR/USD pair will probably move with a low volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1346. Strong Resistance: 1.1340. Original Resistance: 1.1329. Inner Sell Area: 1.1318. Target Inner Area: 1.1292. Inner Buy Area: 1.1266. Original Support: 1.1255. Strong Support: 1.1244. Breakout SELL Level: 1.1238.(Disclaimer)

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