Category Archives: Quick Forex

U.S. Building Investing Suddenly Unchanged In May

By | July 3, 2017

With a dive in costs on public building offsetting a drop in costs on personal construction, the Commerce Department launched a report on Monday revealing that U.S. construction costs was unchanged in the month of May.

The report stated building spending was unchanged at an annual rate of $1.23 trillion in May after falling by 0.7 percent in April. Economic experts had actually anticipated investing to increase by 0.2 percent.

The Commerce Department stated spending on public building and construction rose up by 2.1 percent to a yearly rate of $286.9 billion.

Spending on educational building and construction increased by 5.1 percent to a rate of $74.3 billion, while investing in highway construction fell by 0.9 percent to a rate of $90.6 billion.

The report stated costs on private building and construction fell by 0.6 percent to an annual rate of $943.2 billion in May.

While spending on residential building and construction stopped by 0.6 percent to a rate of $509.6 billion, investing in non-residential building moved by 0.7 percent to a rate of $433.6 billion.

The Commerce Department kept in mind that overall building and construction costs was up by 4.5 percent compared with the very same month a year earlier.

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

U.S. Production Activity Grows At Significantly Faster Pace In June

By | July 3, 2017

Activity in the United States production sector grew at an accelerated rate in the month of June, the Institute for Supply Management exposed in a report on Monday.

The ISM said its getting supervisors index climbed to 57.8 in June from 54.9 in May, with a reading above 50 showing growth in the production sector. Economists had actually expected the index to inch approximately 55.2.

The bigger than expected boost by the heading index came as the production index leapt to 62.4 in June from 57.1 in May and the new orders index surged as much as 63.5 from 59.5.

The report said the employment index also increased to 57.2 in June from 53.5 in May, showing a quicker rate of growth in work in the manufacturing sector.

“Remarks from the panel normally reflect broadening service conditions; with new orders, production, work, backlog and exports all growing in June compared to May,” stated Timothy R. Fiore Chair of the ISM Manufacturing Service Study Committee.

Meanwhile, the ISM said the costs index tumbled to 55.0 in June from 60.5 in May, suggesting a downturn in the speed of cost development.

The ISM is set up to release a different report on Thursday on activity in the service sector in the month of June. The non-manufacturing index is anticipated to dip to 56.5 in June from 56.9 in May.

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

NZD/USD Intraday technical levels and trading suggestions for July 3, 2017 888011000 110888 Daily Outlook The NZD/USD pair has been trending up within the portrayed bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the set failed to record a new high above 0.7400. A bearish breakout of the lower limitation of thechannel took place in December 2016. In February 2017, the portrayed short-term downtrend was started in the illustrated supply zone(0.7310-0.7380).A recent bullish breakout above the drop line took location on May 22. Since then, the marketplace has been bullish as portrayed on the chart.The price zone of 0.7150-0.7230(SUPPLY ZONE in confluence with 61.8%Fibonacci level)stood as a temporary resistance zone till a bullish breakout was expressed above 0.7230. This led to a fast bullish advancetowards the next supply zone around 0.7310-0.7380 where evident bearish rejection was expressed on June 14. Currently, the NZD/USD set remains trapped between the cost levels of0.7230 -0.7310 until a breakout takes place in either direction.Trade recommendations: Risky traders can have a valid SELL entry at retesting of the cost level of 0.7310. S/L should be placed above 0.7400. Conservative traders can wait on a bearish closure below 0.7230 then 0.7150 (61.8% Fibo level)fora valid SELL position.S/ L should be positioned above 0.7250 while T/P levels need to be put at 0.7050, 0.6970, and 0.6850.The material has been supplied by InstaForex Company – www.instaforex.com

By | July 3, 2017

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Daily Outlook

The NZD/USD pair has been trending up within the depicted bullish channel since January 2016.

In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400.

A bearish breakout of the lower limit of the channel took place in December 2016.

In February 2017, the depicted short-term downtrend was initiated in the depicted supply zone (0.7310-0.7380).

However, a recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart.

The price zone of 0.7150-0.7230 (SUPPLY ZONE in confluence with 61.8% Fibonacci level) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230.

This resulted in a quick bullish advance towards the next supply zone around 0.7310-0.7380 where evident bearish rejection was expressed on June 14.

Currently, the NZD/USD pair remains trapped between the price levels of 0.7230 – 0.7310 until a breakout occurs in either direction.

Trade recommendations:

Risky traders can have a valid SELL entry at retesting of the price level of 0.7310. S/L should be placed above 0.7400.

Conservative traders can wait for a bearish closure below 0.7230 then 0.7150 (61.8% Fibo level) for a valid SELL position.

S/L should be placed above 0.7250 while T/P levels should be placed at 0.7050, 0.6970, and 0.6850.

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

Intraday technical levels and trading suggestions for EUR/USD for July 3, 2017 888011000 110888 Month-to-month Outlook In January 2015, the EUR/USD set moved listed below the significant need levels near 1.2100 (several previous bottoms embeded in July 2012 and June 2010). Hence, a long-lasting bearish target is projected toward 0.9450. In March 2015, EUR/USD bears challenged the regular monthly demand level around 1.0500, which had been formerly reached in August 1997. In thelonger term, the level of 0.9450 stays a forecasted target if any month-to-month candlestick achieves bearish closure listed below the depicted regular monthly need level of 1.0500.Presently, the EUR/USD pair remains caught within the depicted consolidation range(1.0500-1.1400 )up until a breakout takes placein either direction.Any bullish breakout above 1.1400 will most likely liberate a quick bullish advance to 1.1495 and 1.1600. Daily Outlook In January 2017, the previous drop reversed when the Head and Shoulders pattern was established around 1.0500. Ever since, obvious bullish momentum has been expressed on the chart.The next everyday supply level for the EUR/USD pair is located between 1.1400-1.1520where the price action must be watched for possible bearish rejection.Recently, the price levels around 1.1280-1.1295 stood as an intradayresistance where current bearish correction was initiated to 1.1120. The evident bullish rejection was expressed around 1.1120 where the existing bullish motion to 1.1400 was initiated.As prepared for, the continuous bullish momentum permitted the EUR/USD pair to pursue additional advance to 1.1415 (Daily Supply-Zone )where a legitimate OFFER entry can be provided if adequate bearish rejection is maintained.Early indications of bearish rejection should be revealed by the bears around 1.1400 . Otherwise, further bullish advance towards1.1500 should be expected soon.The material has been offered by InstaForex Business- www.instaforex.com

By | July 3, 2017

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Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997.

In the longer term, the level of 0.9450 remains a projected target if any monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0500.

Currently, the EUR/USD pair remains trapped within the depicted consolidation range (1.0500-1.1400) until a breakout occurs in either direction.

Any bullish breakout above 1.1400 will probably liberate a quick bullish advance towards 1.1495 and 1.1600.

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Daily Outlook

In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart.

The next daily supply level for the EUR/USD pair is located between 1.1400-1.1520 where the price action should be watched for possible bearish rejection.

Recently, the price levels around 1.1280-1.1295 stood as an intraday resistance where recent bearish correction was initiated towards 1.1120.

The evident bullish rejection was expressed around 1.1120 where the current bullish movement towards 1.1400 was initiated.

As anticipated, the ongoing bullish momentum allowed the EUR/USD pair to pursue further advance towards 1.1415 (Daily Supply-Zone) where a valid SELL entry can be offered if enough bearish rejection is maintained.

Early signs of bearish rejection should be expressed by the bears around 1.1400. Otherwise, further bullish advance towards 1.1500 should be expected soon.

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

Technical analysis of GBP/USD for July 03, 2017 888011000 110888 Overview: The GBP/USD set continues to move up-wards from the level of 1.2935. Today, the first support level is presently seen at 1.2935, the cost is relocating a bullish channel now. Moreover, the rate has actually been set above the strong assistance at the level of 1.2861, which accompanies the 61.8% Fibonacci retracement level. This assistance has actually been rejected three times validating the accuracy of an uptrend. Inning accordance with the previous occasions, we anticipate the GBP/USD set to trade in between 1.2935 and 1.3029. So, the support is seen at 1.2935, while everyday resistance is discovered at 1.3029. Therefore, the market is likely to show signs of a bullish pattern around the area of 1.2935. Simply puts, purchase orders are suggested above the spot of 1.2935 with the first target at the level of 1.3029; andcontinue to 1.3075 in coming days. Nevertheless, if the GBP/USD set cannot break through the resistance level of 1.2861 today, the marketplace will decline even more to 1.2809. The material has been offered by InstaForex Company-www.instaforex.com

By | July 3, 2017

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Overview:

  • The GBP/USD pair continues to move upwards from the level of 1.2935. Today, the first support level is currently seen at 1.2935, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.2861, 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 GBP/USD pair to trade between 1.2935 and 1.3029. So, the support is seen at 1.2935, while daily resistance is found at 1.3029. Therefore, the market is likely to show signs of a bullish trend around the spot of 1.2935. In other words, buy orders are recommended above the spot of 1.2935 with the first target at the level of 1.3029; and continue towards 1.3075 in coming days. However, if the GBP/USD pair fails to break through the resistance level of 1.2861 today, the market will decline further to 1.2809.

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

Technical analysis of USD/JPY for July 03, 2017 888011000 110888 USD/JPY is anticipated to trade with bullish outlook above 112.20. Although the set broke listed below the 20-period moving average, it is still trading above the increasing 50-period moving average which plays an assistance role. The disadvantage capacity should be limited by the essential support at 112.05. As long as 112.20 holds on the downside, look for a new rebound to 113.20 and even to 113.70 in extension. if the price moves in the opposite instructions as predicted, a short position is advised below 112.20 with targets at 111.70 and 111.35. Chart Description: The black line shows the pivot point. The present rate above the pivot point shows a bullish position while the rate below the pivot point is a sign for a brief position.The red lines show the assistance levels and the green line suggeststhe resistance level. These levels can be usedto exit and enter trades.Strategy: SELL, Stop Loss: 112.40, Take Revenue: 111.70 Resistance levels: 113.20, 113.70, and 114.05 Support levels: 111.70,111.35, and 111.00 The material has actually been provided by InstaForex Company -www.instaforex.com

By | July 3, 2017

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USD/JPY is expected to trade with bullish outlook above 112.20. Although the pair broke below the 20-period moving average, it is still trading above the rising 50-period moving average which plays a support role. The downside potential should be limited by the key support at 112.05.

Therefore, as long as 112.20 holds on the downside, look for a new rebound to 113.20 and even to 113.70 in extension.

Alternatively, if the price moves in the opposite direction as predicted, a short position is recommended below 112.20 with targets at 111.70 and 111.35.

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 sign 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 : SELL, Stop Loss: 112.40, Take Profit: 111.70

Resistance levels: 113.20, 113.70, and 114.05

Support levels: 111.70,111.35, and 111.00

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

Technical analysis of USD/CHF for July 3, 2017 888011000 110888 USD/CHF is anticipated to trade with a bullish outlook. The set is trading above the essential assistance at 0.9565, which ought to limit the disadvantage potential. The upward momentum is further strengthened by both rising 20-period and 50-period moving averages. The relative strength index is supported by the increasing pattern line because June 29. For that reason, as long as 0.9565 is not broken, search for a rebound to 0.9630 as well as to 0.9660 in extension. Chart Explanation: The black line shows the pivot point; today price above pivot point suggests the bullish position and below pivot points indicates the brief position. The red lines show the support levels and the green linesuggests the resistance levels. These levels can be used toleave and go into trades.Strategy: BUY, Stop Loss: 0.9565, Take Profit: 0.9630 Resistance levels: 0.9630, 0.9660, and 0.9685 Assistance levels: 0.9550, 0.9525, and 0.9500 The product has actually been provided by InstaForex Business-www.instaforex.com

By | July 3, 2017

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USD/CHF is expected to trade with a bullish outlook. The pair is trading above the key support at 0.9565, which should limit the downside potential. The upward momentum is further reinforced by both rising 20-period and 50-period moving averages. The relative strength index is supported by the rising trend line since June 29.

Therefore, as long as 0.9565 is not broken, look for a rebound to 0.9630 and even to 0.9660 in extension.

Chart Explanation: The black line shows the pivot point; the present price above pivot point indicates the bullish position and below 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: BUY, Stop Loss: 0.9565, Take Profit: 0.9630

Resistance levels: 0.9630, 0.9660, and 0.9685

Support levels: 0.9550, 0.9525, and 0.9500

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

Global macro overview for 03/07/2017

By | July 3, 2017

Global macro overview for 03/07/2017: The ISM Manufacturing information from the United States may verify another month of a moderate development at the year’s midpoint. Market individuals

anticipate ISM to increase slightly from 54.9 indicate 55.1 points, which is far from any outstanding level of performance, however still is a solid and steady speed of growth. The ISM index is still above the fifty level, that separates the growth from contraction. The ISM index has actually been increasing from the level of 49.5 in August 2016 to the level of 57.5 in late February 2017. Ever since the index is somewhat degrading from its peaks, however

it is still above the fifty level. This information is thought about an extremely important and relied on economic measure, so it might be a little distressing if it begins to move, regardless of the strong and stable numbers. The recent The Atlanta Fed’s downgrade in GDP expectations from 2.9%to 2.7 % in the second quarter may be the very first sign, that Q2 will not enhance over the Q1 as huge as expected. The expectations for a stronger GDP rebound have actually been fading in recent weeks. The market will be eager to discover if today’s very first look at the ISM index for June will also provide a relatively cautious evaluation. If the number would beat the expectations, it may activate a strong bounce off the US Dollar from the present oversold levels.So, let’s now have a look at the United States Dollar Index technical picture on the H4 amount of time. The bulls are attempting to recuperate from the crucial assistance at the level of 95.91 and the oversold market conditions and growing bullish divergence support this relocation. The next technical resistance is seen at the level of 96.32. The product has been provided by InstaForex Company-www.instaforex.com

Dutch Factory Activity Expands Most In 74 Months

By | July 3, 2017

The Dutch production sector broadened at the fastest pace in 74 months in June, survey information from IHS Markit revealed Monday.

The NEVI manufacturing Purchasing Managers’ Index rose to 58.6 in June from 57.6 in Might. A score above 50 suggests growth.

Producers increased their volume of production at the sharpest rate in 4 months. New orders from both foreign and domestic markets rose at high rates in June.

In action to increasing production requirements, employment in the Dutch manufacturing sector grew steeply.

On the price input, output and front rate inflation continued to ease, but stayed above their historic averages.

“These strong second-quarter results along with high organisation confidence back up the upbeat development forecasts for the Dutch economy in 2017,” Sam Teague, a financial expert at IHS Markit, stated.

IHS Markit is presently forecasting GDP development of 2.2 percent in 2017, the highest for 10 years.

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

Franc Little Changed After Swiss Retail Sales Data; Swiss PMI Due

By | July 3, 2017

At 3:15 am ET Monday, the Federal Statistical Office released Swiss retail sales data for May.

After the data, the Swiss franc changed little bit versus its major competitors.

Since 3:16 am ET, the Swiss franc was trading at 1.0941 versus the euro, 1.2485 versus the pound, 0.9596 versus the United States dollar and 117.39 versus the yen. At 3:30 am ET, Switzerland’s manufacturing PMI data for June is due.

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