Category Archives: Quick Forex

Day-to-day analysis of major sets for July 20, 2017 888011000 110888 EUR/USD: Exactly what is occurring on this set can best be referred to as a short-term sale in the context of an uptrend. The bias on the market is bullish and the cost might go upwards from here, reaching the resistance line at 1.1550 (which had actually been formerly gone beyond), and going above it once again to target another resistance line at 1.1600. That target is attainable today. USD/CHF: The USD/CHF has become a bear market. The EMA 11 is listed below the EMA 56, while the Williams’ Portion Range duration 20 remains in the oversold region. There is a clear Bearish Confirmation Pattern in the market, and the assistance levels at 0.9550 and 0.9500 might be reached before the end of the week.< imgwidth=” 450″ src=” http://qkfx.com/wp-content/uploads/2017/07/daily-analysis-of-major-pairs-for-july-20-2017-1.png” alt= “2. png “/ > GBP/USD: The Cable is currently combining– something that could be ended any moment. The predisposition stays bullish unless price loses about 150– 200 pips. Any motion above the circulation territory 1.3100 would, on the contrary, aid restore the bullish self-confidence. Some basic figures are expected today and they can have an impact on the market. USD/JPY: There is a Bearish Verification Pattern in the USD/JPY 4-hour chart. Owing to the weakness of USD, the EMA 11 has crossed the EMA 56 to the drawback. About 230 pips have been given up since recently, and it is expected that the marketplace would continue to go more and more bearish, reaching the demand levels at 112.00, 111.50 and 111.00. EUR/JPY: This is a flat market . The cross has not done anything substantial up until now this week, and it may be OK to keep away till there is a directional movement. There is a supply zone at 130.50 and there is a need zone at 128.00. Either of this need to be breached to the advantage or the disadvantage prior to there can be a directional bias. The product has been offered by InstaForex Business -www.instaforex.com

By | July 20, 2017

EUR/USD: What is happening on this pair can best be described as a short-term sale in the context of an uptrend. The bias on the market is bullish and the price could go upwards from here, reaching the resistance line at 1.1550 (which had been previously exceeded), and going above it once again to target another resistance line at 1.1600. That target is attainable this week.

1500529828_1.png

USD/CHF: The USD/CHF has
become a bear market. The EMA 11 is below the EMA 56, while the Williams’
Percentage Range period 20 is in the oversold region. There is a clear Bearish
Confirmation Pattern in the market, and the support levels at 0.9550 and 0.9500
could be reached before the end of the week.

2.png

GBP/USD: The Cable is currently consolidating – something that could be ended any moment. The bias remains bullish unless price loses about 150 – 200 pips. Any movement above the distribution territory 1.3100 would, on the contrary, help restore the bullish confidence. Some fundamental figures are expected today and they can have an impact on the market.

3.png

USD/JPY: There is a Bearish Confirmation
Pattern in the USD/JPY 4-hour chart. Owing to the weakness of USD, the EMA 11
has crossed the EMA 56 to the downside. About 230 pips have been given up since
last week, and it is expected that the market would continue to go more and
more bearish, reaching the demand levels at 112.00, 111.50 and 111.00.

4.png

EUR/JPY: This is a flat market.
The cross has not done anything significant so far this week, and it may
be OK to stay away until there is a directional movement. There is a supply
zone at 130.50 and there is a demand zone at 128.00. Either of this must be
breached to the upside or the downside before there can be a directional bias.

5.png

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

Technical analysis of EUR/USD for July 20, 2017 888011000 110888 When the European market opens, some Economic Data will be released, such as Consumer Self-confidence, Spanish 10-y Bond Auction, ECB Interview, Minimum Bid Rate, Current Account, and German PPI m/m. The United States will launch the Economic Data, too, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Production Index, and Joblessness Claims, so, in the middle of the reports, EUR/USD will relocate a medium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1583.Strong Resistance:1.1576.Original Resistance: 1.1565. Inner Offer Location: 1.1554.Target Inner Location: 1.1527. Inner Buy Area: 1.1500.Original Assistance: 1.1489. Strong Assistance: 1.1478. Breakout OFFER Level: 1.1471. Disclaimer: Trading Forex( foreign exchange )on margin carries a high level of risk, and may not appropriate for all investors. The high degree of take advantage of can work against you in addition to for you. Prior to choosing to invest in forex you should thoroughly consider your financial investment goals, level of experience, and danger hunger. The possibility exists that you could sustain a loss of some or all of your initial investment and for that reason you must not invest money that you can not manage to lose. You should know all the dangers connected with forex trading, and consult from an independent monetary advisor if you have any doubts.The product has been offered by InstaForex Company-www.instaforex.com

By | July 20, 2017

EURUSD.jpg

When the European market opens, some Economic Data will be released, such as Consumer Confidence, Spanish 10-y Bond Auction, ECB Press Conference, Minimum Bid Rate, Current Account, and German PPI m/m. The US will release the Economic Data, too, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims, so, amid the reports, EUR/USD will move in a medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1583.

Strong Resistance:1.1576.

Original Resistance: 1.1565.

Inner Sell Area: 1.1554.

Target Inner Area: 1.1527.

Inner Buy Area: 1.1500.

Original Support: 1.1489.

Strong Support: 1.1478.

Breakout SELL Level: 1.1471.

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 July 20, 2017 888011000 110888 In Asia, Japan will release the BOJ Press Conference, All Industries Activity m/m, BOJ Policy Rate, BOJ Outlook Report, Monetary Policy Statement, and Trade Balance information, and the US will release some Economic Data, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Joblessness Claims. There is a probability the USD/JPY will move with low to medium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.43.Resistance. 2: 112.21. Resistance. 1: 112.01. Support. 1: 111.73. Support. 2: 111.51. Assistance. 3: 111.29. Disclaimer: Trading Forex(forex)on margin brings a high level of danger, and may not appropriate for all investors. The high degree of leverage can work against you in addition to for you. Before choosing to invest in forex you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you might sustain a loss of some or all of your preliminary investment and for that reason you need to not invest loan that you can not pay for to lose. You ought to be aware of all the threats associated with forex trading, and consult from an independent monetary advisor if you have any doubts.The material has actually been offered by InstaForex Business-www.instaforex.com

By | July 20, 2017

USDJPY.jpg

In Asia, Japan will release the BOJ Press Conference, All Industries Activity m/m, BOJ Policy Rate, BOJ Outlook Report, Monetary Policy Statement, and Trade Balance data, and the US will release some Economic Data, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 112.43.

Resistance. 2: 112.21.

Resistance. 1: 112.01.

Support. 1: 111.73.

Support. 2: 111.51.

Support. 3: 111.29.

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 Jobless Rate Steady At 5.6% In June

By | July 20, 2017

The unemployment rate in Australia was available in at a seasonally changed 5.6 percent in June, the Australian Bureau of Stats stated on Thursday.

That remained in line with expectations and unchanged from the May reading following an upward revision from 5.5 percent.

The Australian economy added 14,000 tasks in June, shy of expectations for 15,000 following the downwardly modified 38,000 in the previous month (originally 42,000).

The participation rate ticked as much as 65.0, going beyond expectations for 64.9, which would have been unchanged.

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

Dollar Little Changed Ahead Of Central Bank Announcements

By | July 19, 2017

The dollar is kipping down a blended efficiency against its major competitors Wednesday afternoon, however is little bit altered general. The buck is recovering some ground against its major European rivals after falling to over a 1-year low against the Euro the other day. Investors remain in a cautious state of mind ahead of tomorrow’s statements from both the Bank of Japan and the European Central Bank.

Things were relatively peaceful on the U.S. economic front today. After reporting an unforeseen decline in brand-new property building and construction in the United States in the previous month, the Commerce Department released a report on Wednesday revealing housing starts rebounded by more than expected in the month of June.

The report said real estate starts surged up by 8.3 percent to a yearly rate of 1.215 million in June from the revised Might quote of 1.122 million. Economists had anticipated real estate starts to rise to a rate of 1.155 million from the 1.092 million initially reported for the previous month.

The Commerce Department said structure permits likewise jumped by 7.4 percent to a rate of 1.254 million in June from 1.168 million in May. Structure licenses, an indicator of future real estate demand, had been anticipated to reach a rate of 1.200 million.

European Central Bank President Mario Draghi and his fellow policymakers are set to face a predicament throughout the July rate-setting session as the bank seeks to chart its exit from its enormous stimulus in the middle of a lack of inflationary pressure.

The Governing Council, led by Draghi, is commonly expected to keep all its three rates of interest the same for a l lth consecutive policy session on Thursday, and maintain its property purchases that are set to run till completion of the year.

That said, economic experts widely anticipate Draghi to tread very thoroughly when he speaks in the post-decision interview.

After his comments at a main banking online forum in Sintra, Portugal in late June, fed market expectations of an impending tapering and send yields and the euro soaring, Draghi is set to measure each word he speaks so as to prevent the type of market turbulence called “taper-tantrum.”

The dollar has recuperated to around $1.1515 versus the Euro Wednesday afternoon, after dropping to over a 14-month low of around $1.1585 the other day.

Eurozone building and construction output declined in Might after recuperating in April, information from Eurostat revealed Wednesday. Building output fell 0.7 percent in May from April, when it rose 0.3 percent. Civil engineering moved 0.9 percent and structure construction dropped 0.6 percent in Might.

Eurozone house rate inflation held stable at more-than nine-year high in the three months ended March, information from Eurostat showed Wednesday. Home costs climbed up 4.0 percent year-over-year in the first quarter, the very same rate of boost as in the 4th quarter, which was revised down a little from a 4.1 percent rise reported previously.

The buck has actually increased to around $1.3020 versus the pound sterling this afternoon, after slipping to an early low of $1.3052.

The Japanese federal government maintained its economic view on Wednesday, reiterating that the economy is on a moderate healing.

The government kept its view on personal consumption, company investment, exports, commercial production and business profits. Evaluation of work and consumer costs were likewise kept unchanged.

The greenback fell to a low of Y111.543 against the Japanese Yen Wednesday, however has because rebounded to around Y111.760.

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

Gold Stops briefly After Recent Wins

By | July 19, 2017

Gold futures barely budged Wednesday as U.S. housing begins rebounded by more than expected in the month of June.

At last check, gold was the same at $1242 an ounce, holding recent gains in peaceful dealing.

The Commerce Department said real estate starts rose up by 8.3 percent to a yearly rate of 1.215 million in June from the revised Might price quote of 1.122 million.

Financial experts had anticipated real estate starts to rise to a rate of 1.155 million from the 1.092 million initially reported for the previous month.

However, homebuilder confidence in the United States unexpectedly declined in the month of July, inning accordance with a report released by the National Association of Home Builders on Tuesday.

The European Central Bank is widely expected to keep all its three rate of interest unchanged for a l lth consecutive policy session on Thursday, and retain its property purchases that are set to run until the end of the year.

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

Essential Analysis of EUR/GBP for July 19, 2017 888011000 110888 EUR/GBP has actually been in a restorative unpredictable structure after a non-volatile bullish move towards 0.8850 resistance level and currently having a hard time at the edge of 0.8850. Just recently EUR has actually been having problem with its unchanged and mixed financial reports which stopped the bullish momentum versus GBP where GBP has actually been struggling to get over the Brexit and the economic uncertainty. Yesterday, the UK released a series of downbeat financial reports including CPI report which revealed a worse worth at 2.6% which was expected to be the same at 2.9%. On the EUR side, today German 30-y Bond Auction report was released at 1.29|1.8 which previously was at 1.02|2.0. The financial report made it possible for EUR to acquire some momentum over GBP. Tomorrow is a wedding day for both EUR and GBP as a large number of high impact financial reports will be published. Tomorrow, EUR Minimum Bid Rate report will be released which is anticipated to be unchanged at 0.0%, together with ECB Press Conference. Since the recent hawkish remark of ECB President Draghi, the rate is expected to reveal some favorable result tomorrow and help EUR to acquire over GBP. On the other hand, GBP Retail Sales report is also going to be released tomorrow which is anticipated to reveal a positive outcome at 0.4% which previously was at -1.2%. To sum up, though EUR/GBP is struggling at 0.8850 level currently, greater volatility is anticipated to strike the marketplace tomorrow in the middle of a flood of macroeconomic data which will supply tips about upcoming directional movement in this set. EUR is expected to have an edge over GBP in the coming days due to the marketplace sentiment and hawkish behavior of ECB recently.Now let us lookat the technical chart. The rate is currently struggling to break above the resistance level of 0.8850. The price has currently declined and had a false break recently above the level which does indicate the strength of the bears in the current market scenario. The rate has been supported by 20 EMA along the way towards 0.8850 however recently a great amount of volatility is suggesting the existence of bears in the market to take the rate further down to 0.8530 support level. As the rate remains listed below 0.8850 with a daily close the bearish bias is anticipated to continue in this pair. The material has actually been offered by InstaForex Company-www.instaforex.com

By | July 19, 2017

EUR/GBP has been in a corrective volatile structure after a non-volatile bullish move towards 0.8850 resistance level and currently struggling at the edge of 0.8850. Recently EUR has been struggling with its mixed and unchanged economic reports which stopped the bullish momentum against GBP where GBP has been struggling to get over the Brexit and the economic uncertainty. Yesterday, the UK released a series of downbeat economic reports including CPI report which showed a worse value at 2.6% which was expected to be unchanged at 2.9%. On the EUR side, today German 30-y Bond Auction report was published at 1.29|1.8 which previously was at 1.02|2.0. The economic report enabled EUR to gain some momentum over GBP. Tomorrow is a big day for both EUR and GBP as a large number of high impact economic reports will be published. Tomorrow, EUR Minimum Bid Rate report will be published which is expected to be unchanged at 0.0%, along with ECB Press Conference. As of the recent hawkish comment of ECB President Draghi, the rate is expected to show some positive result tomorrow and help EUR to gain over GBP. On the other hand, GBP Retail Sales report is also going to be published tomorrow which is expected to show a positive result at 0.4% which previously was at -1.2%. To sum up, though EUR/GBP is struggling at 0.8850 level currently, higher volatility is expected to hit the market tomorrow amid a flood of macroeconomic statistics which will provide hints about upcoming directional movement in this pair. EUR is expected to have an upper hand over GBP in the coming days due to the market sentiment and hawkish behavior of ECB recently.

Now let us look at the technical chart. The price is currently struggling to break above the resistance level of 0.8850. The price has already rejected and had a false break recently above the level which does signal the strength of the bears in the current market situation. Though the price has been supported by 20 EMA along the way towards 0.8850 but recently a good amount of volatility is indicating the presence of bears in the market to take the price further down towards 0.8530 support level. As the price remains below 0.8850 with a daily close the bearish bias is expected to continue in this pair.

analytics596f7cafc8333.jpg

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

Fundamental Analysis of USD.CAD for July 19, 2017 888011000 110888 CAD continues to dominate USD since the Rate Walking choice by the Bank of Canada. USD is anticipated to be bearish even more in the coming days. USD has been rather weak just recently due to bad economic reports in a number of recent weeks. The BOC rate trek provided CAD with support. Today Canada’s Manufacturing Sales report was published with a better than expected figure at 1.1% which was anticipated be at 0.9% and formerly it was at 0.4%. On the USD side, today the Building Permits report showed a good growth to 1.25 M from the previous value of 1.17 M which was expected to be at 1.20 M and Real estate Begins also showed development to 1.22 M from the previous value of 1.12 M which was anticipated to be at 1.16 M. Furthermore, today US Petroleum Inventories report is likewise going to be released which is anticipated to reveal less deficit to -3.6 M which formerly was at -7.6 M. To sum up, though some favorable United States economic reports were published today CAD is still dominating USD which signals more bearish momentum in this set for the coming days. As traders share the sentiment of the next rate hike by the Bank of Canada, the bearish predisposition is anticipated to remain undamaged in the future.Now let us look atthe technical chart. The price has remained in a non-volatile bearish trend and it is expected to continue downwards until the rate falls towards 1.2450 assistance level in the coming days. As the rate remains listed below 1.2650 resistance level, more bearish pressure is expected in this set and bearish predisposition is expected to be rather intact in nature as well. The product has been provided by InstaForex Business-www.instaforex.com

By | July 19, 2017

CAD continues to dominate USD since the Rate Hike decision by the Bank of Canada. USD is expected to be bearish further in the coming days. USD has been quite weak recently due to bad economic reports in several recent weeks. The BOC rate hike provided CAD with support. Today Canada’s Manufacturing Sales report was published with a better than expected figure at 1.1% which was expected be at 0.9% and previously it was at 0.4%. On the USD side, today the Building Permits report showed a good growth to 1.25M from the previous value of 1.17M which was expected to be at 1.20M and Housing Starts also showed growth to 1.22M from the previous value of 1.12M which was expected to be at 1.16M. Moreover, today US Crude Oil Inventories report is also going to be published which is expected to show less deficit to -3.6M which previously was at -7.6M. To sum up, though some positive US economic reports were published today CAD is still dominating USD which signals further bearish momentum in this pair for the coming days. As traders share the sentiment of the next rate hike by the Bank of Canada, the bearish bias is expected to remain intact in the future.

Now let us look at the technical chart. The price has been in a non-volatile bearish trend and it is expected to continue downwards until the price falls towards 1.2450 support level in the coming days. As the price remains below 1.2650 resistance level, further bearish pressure is expected in this pair and bearish bias is expected to be quite intact in nature as well.

analytics596f6d1f62b4c.jpg

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

Fundamental Analysis of EUR/JPY for July 19, 2017 888011000 110888 EUR/JPY has been rather corrective in nature residing inside the range in between 128.50 and 129.70. Just recently EUR could not provide positive economic reports to continue the bullish pattern versus JPY. ECB has been quite hawkish just recently. EUR is expected to continue further with more bullish momentum in this set however in the short and medium term some bearish pressures are anticipated due to few unchanged and combined financial reports from the eurozone just recently. Today EUR German 30-y Bond Auction report was released at 1.29|1.8 which formerly was at 1.02|2.0. The economic report was not quite reliable to press EUR up against JPY today due to its low-impact on the marketplace. On the other hand, today Japan does not provide any financial reports but tomorrow JPY Trade Balance report is due which is anticipated to decrease to 0.12 T from previous worth of 0.13 T. The Bank of Japan Policy Rate choice will be released along the Monetary Policy Statement and BOJ Outlook report, so the key rates of interest is expected to be unchanged at -0.10%. After the BOJ Press Conference on additional financial policy and rates of interest decisions, the overall economic outlook of the country, inflation and future financial policy will be discussed. A a great deal of high effect financial events are going to be held tomorrow on the JPY side which is anticipated to bring in greater volatility and unpredictable spikes in the market. JPY is anticipated have an advantage over EUR and get some momentum after the JPY financial events tomorrow. As Japan’s economic occasions are tentative tomorrow, this effect is anticipated to last until the day-to-day close tomorrow.Now let us lookat the technical chart. The rate is currently residing in between the series of 128.50-129.70 area. As the rate is currently showing some rejection of the bulls, the pair is expected to break listed below 128.50 and reach to 125.80 assistance level in the coming days. As the dynamic level 20 EMA is quite away from the present rate level, so mean reversion to 20 EMA is expected in the coming days. As the rate stays listed below 129.70 with a daily close the bearish bias is anticipated to continue for the brief or medium term. The product has actually been offered by InstaForex Company -www.instaforex.com

By | July 19, 2017

EUR/JPY has been quite corrective in nature residing inside the range between 128.50 and 129.70. Recently EUR could not provide positive economic reports to continue the bullish trend against JPY. ECB has been quite hawkish recently. EUR is expected to continue further with more bullish momentum in this pair but in the short and medium term some bearish pressures are expected due to few unchanged and mixed economic reports from the eurozone recently. Today EUR German 30-y Bond Auction report was published at 1.29|1.8 which previously was at 1.02|2.0. The economic report was not quite effective to push EUR up against JPY today due to its low-impact on the market. On the other hand, today Japan does not present any economic reports but tomorrow JPY Trade Balance report is due which is expected to decrease to 0.12T from previous value of 0.13T. The Bank of Japan Policy Rate decision will be published along the Monetary Policy Statement and BOJ Outlook report, so the key interest rate is expected to be unchanged at -0.10%. After the BOJ Press Conference on further monetary policy and interest rate decisions, the overall economic outlook of the country, inflation and future monetary policy will be discussed. A large number of high impact economic events are going to be held tomorrow on the JPY side which is expected to bring in higher volatility and uncertain spikes in the market. JPY is expected have an upper hand over EUR and gain some momentum after the JPY economic events tomorrow. As Japan’s economic events are tentative tomorrow, this effect is expected to last until the daily close tomorrow.

Now let us look at the technical chart. The price is currently residing between the range of 128.50-129.70 area. As the price is currently showing some rejection of the bulls, the pair is expected to break below 128.50 and reach towards 125.80 support level in the coming days. As the dynamic level 20 EMA is quite away from the current price level, so mean reversion towards 20 EMA is expected in the coming days. As the price remains below 129.70 with a daily close the bearish bias is expected to continue for the short or medium term.

analytics596f660632c38.jpg

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