Category Archives: Quick Forex

Denmark PPI Inflation Slows In June

By | July 17, 2017

Denmark’s manufacturer cost inflation relieved greatly in June, after accelerating in the previous month, figures from Data Denmark revealed Monday.

The producer price index increased 0.5 percent year-over-year in June, much slower than the 4.0 percent climb in May. The measure has actually been rising since November in 2015.

Both domestic and foreign market manufacturer rates increased by 0.6 percent and 0.3 percent, respectively in June from a year earlier.

On a monthly basis, producer rates dropped 1.3 percent from May, when it edged up by 0.1 percent.

Data likewise shower that import prices climbed up 0.4 percent yearly in June, while it reduced 0.9 percent from the preceding month.

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

Technical analysis of EUR/USD for July 17, 2017 888011000 110888 When the European market opens, some Economic Data will be released, such as Last Core CPI y/y and Last CPI y/y. The United States will launch the Economic Data, too, such as Empire State Manufacturing Index, so, in the middle of the reports, EUR/USD will move in a lowto medium volatility during this day.TODAY’S TECHNICAL LEVEL: Breakout BUYLevel: 1.1530.Strong Resistance:1.1523.Original Resistance: 1.1512. Inner Sell Location: 1.1501.Target Inner Location: 1.1474. Inner Buy Area: 1.1447.Initial Assistance: 1.1436. Strong Assistance: 1.1425. Breakout OFFER Level: 1.1418. Disclaimer: Trading Forex( foreign exchange )on margin carries a high level of danger, and might not appropriate for all investors. The high degree of take advantage of can work against you as well as for you. Prior to choosing to purchase forex you should carefully consider your investment goals, level of experience, and danger appetite. The possibility exists that you might sustain a loss of some or all your preliminary investment and for that reason you ought to not invest loan that you can not pay for to lose. You ought to know all the threats associated with forex trading, and seek advice from an independent monetary advisor if you have any doubts.The material has been supplied by InstaForex Company-www.instaforex.com

By | July 17, 2017

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When the European market opens, some Economic Data will be released, such as Final Core CPI y/y and Final CPI y/y. The US will release the Economic Data, too, such as Empire State Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1530.

Strong Resistance:1.1523.

Original Resistance: 1.1512.

Inner Sell Area: 1.1501.

Target Inner Area: 1.1474.

Inner Buy Area: 1.1447.

Original Support: 1.1436.

Strong Support: 1.1425.

Breakout SELL Level: 1.1418.

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 17, 2017 888011000 110888 In Asia, today Japan will not release any Economic Data, but the United States will release the Empire State Manufacturing Index information. So, there is a likelihood the USD/JPY will move with low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.14.Resistance. 2: 112.92. Resistance. 1: 112.70. Support. 1: 112.42. Support. 2: 111.20. Support. 3: 111.98. Disclaimer: Trading Forex( forex) on margin brings a high level of danger, and may not be suitable for all investors. The high degree of take advantage of can work against you along with for you. Before deciding to buy foreign exchange you ought to 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 financial investment and for that reason you need to not invest money that you can not manage to lose. You need to be aware of all the threats related to foreign exchange trading, and consult from an independent financial advisor if you have any doubts.The material has actually been offered by InstaForex Company-www.instaforex.com

By | July 17, 2017

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In Asia, today Japan will not release any Economic Data, but the US will release the Empire State Manufacturing Index data. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 113.14.

Resistance. 2: 112.92.

Resistance. 1: 112.70.

Support. 1: 112.42.

Support. 2: 111.20.

Support. 3: 111.98.

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

Daily analysis of USDX for July 17, 2017 888011000 110888 USDX stays offered and it looks like the disadvantage breakout ought to be available in the next days. The support zone of 95.10 is assisting to cap further bearish advance and if we witness a break listed below there, then another offering wave could affect the greenback to check the 94.16 level. MACD indicator is entering the oversold area, requiring some rebounds. H1 chart’s resistance levels: 95.57/ 96.24 H1 chart’s support levels: 95.10/ 94.16 Trading suggestions for today: Based upon the H1 chart, place sell(brief )orders only if the USD Index breaks with a bearish candlestick; the support level is at 95.10, take earnings is at 94.16 and stop loss is at 96.05. The material has actually been offered by InstaForex Company-www.instaforex.com

By | July 17, 2017

USDX remains offered and it looks like the downside breakout should come in the next days. The support zone of 95.10 is helping to cap further bearish advance and if we witness a break below there, then another selling wave could impact the greenback to test the 94.16 level. MACD indicator is entering the oversold territory, calling for some rebounds.

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H1 chart’s resistance levels: 95.57 / 96.24

H1 chart’s support levels: 95.10 / 94.16

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 95.10, take profit is at 94.16 and stop loss is at 96.05.

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

PERU: National Output In May Is Second-highest In 2017 888011000 110888 Peru’s national output in May published a 3.39% increase on a yearly basis, recording its second highest rate so far this year and amounting to 94 months of constant development, said the nation’s stats workplace. May’s development in Peruvian output results from greater external need for conventional as non-traditional items, specifically fishmeal and fish oil, coffee, copper, silver, gold, molybdenum, and zinc. The material has been offered by InstaForex Business – www.instaforex.com

By | July 16, 2017

Peru’s national output in May posted a 3.39% increase on a yearly basis, recording its second highest rate so far this year and totaling 94 months of continuous growth, said the country’s statistics office.

May’s growth in Peruvian output results from greater external demand for traditional as non-traditional products, especially fishmeal and fish oil, coffee, copper, silver, zinc, gold, and molybdenum.

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

Treasuries Close Higher Following Variety Of Economic Data

By | July 14, 2017

Following the pullback seen in the previous session, treasuries returned to the advantage during trading on Friday.

Bond costs gave back some ground after an early rally however stayed in favorable territory. Subsequently, the yield on the benchmark ten-year note, which moves reverse of its price, fell by 2.9 basis indicate 2.319 percent.

The higher nearby treasuries came following the release of a number of essential economic reports, with the data suggesting that the Federal Reserve will not be in any rush to raise rate of interest.

Early in the day, the Commerce Department released a report revealing retail sales suddenly reduced for the 2nd consecutive month in June.

The Commerce Department stated retail sales fell by 0.2 percent in June after edging down by a modified 0.1 percent in Might. The ongoing drop in sales surprised economists, who had actually expected sales to inch up by 0.1 percent.

Excluding car sales, retail sales still dipped by 0.2 percent in June following the 0.3 decline seen in May. Ex-auto sales were expected to increase by 0.2 percent.

A different report released by the Labor Department showed consumer rates came in unchanged in the month of June.

The Labor Department said its consumer cost index was flat in June after edging down by 0.1 percent in May. Financial experts had actually anticipated consumer costs to inch up by 0.1 percent.

Excluding food and energy prices, core customer rates approached by 0.1 percent for the third consecutive month. Core prices had been expected to rise by 0.2 percent.

The report said consumer rates in June were up by 1.6 percent compared with the exact same month a year ago, a deceleration from the 1.9 percent year-over-year growth in Might.

The yearly rate of growth in core customer rates was available in at 1.7 percent in June, unchanged from the previous month.

“With its dual mandate, the Fed needs to take into consideration the decrease in the unemployment rate this year along with the hang back in core inflation,” said Paul Ashworth, Chief U.S. Financial expert at Capital Economics.

“Because of that, we still expect the Fed to continue raising interest rates in the second half of this year,” he included. “Nevertheless, the chances of a September rate hike are fading.”

Meanwhile, the Federal Reserve released a report showing commercial production increased by somewhat more than expected in the month of June.

The Fed said industrial production climbed up by 0.4 percent in June after inching up by a revised 0.1 percent in May. Economists had anticipated production to rise by 0.3 percent.

Reports on import and export costs, homebuilder confidence, real estate starts, and New York and Philadelphia-area manufacturing activity might draw in attention next week.

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

Crude Oil Jumps 5.2% Today

By | July 14, 2017

The rally in petroleum rates continued Friday on a weaker dollar and hopes the Federal Reserve will goose the U.S. economy with low interest rates for the foreseeable future.

With inflation drooping, the Federal Reserve will find it tough to make the case for further rate of interest walkings. The central bank has said it intends to raise rates again this year and 3 times in 2018, however experts now concern this as too ambitious.

The Labor Department stated its consumer price index was flat in June after edging down by 0.1 percent in Might. Economic experts had anticipated customer rates to inch up by 0.1 percent.

Paul Ashworth, Chief U.S. Economic expert at Capital Economics, said, “Previously this week, Chair Janet Yellen reiterated that the Fed would be watching the incoming inflation information particularly closely over the coming months.”

“On the basis of June’s information, it is getting harder for the Fed to continue declaring that this is a short-lived drop off,” he included.

U.S. retail sales all of a sudden decreased for the second consecutive month in June. The Commerce Department stated retail sales fell by 0.2 percent in June after edging down by a modified 0.1 percent in Might.

On the other hand, signs are beginning to indicate a drop in U.S. production after furious output in the very first half of the year.

Weekly information showed U.S. inventories tumbled the most in ten months as refinery activity picked up.

August West Texas Intermediate crude increased 46 cents, or 1%, to settle at $46.54 a barrel on the New york city Mercantile Exchange for the session. Costs surged more than 5% today.

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

Dollar Losing Ground After Flood Of Economic Reports

By | July 14, 2017

The dollar is down against all of its major rivals Friday afternoon. Financiers were challenged with a large number of U.S. financial reports this morning, the bulk which showed disappointing. The flat inflation information and the unexpected drop in retail sales dampened expectations for a faster rate hike by the Federal Reserve.

A report launched by the Commerce Department on Friday revealed U.S. retail sales suddenly reduced for the second successive month in June. The Commerce Department stated retail sales fell by 0.2 percent in June after edging down by a modified 0.1 percent in May.

The ongoing drop in sales surprised economists, who had actually anticipated sales to inch up by 0.1 percent compared to the 0.3 percent decrease initially reported for the previous month.

Consumer rates in the United States can be found in unchanged in the month of June, inning accordance with a report launched by the Labor Department on Friday. The Labor Department said its customer cost index was flat in June after edging down by 0.1 percent in May. Economic experts had actually expected consumer rates to inch up by 0.1 percent.

Industrial production in the United States increased by somewhat more than prepared for in the month of June, the Federal Reserve exposed in a report on Friday. The Fed said commercial production climbed up by 0.4 percent in June after inching up by a revised 0.1 percent in May.

Financial experts had anticipated production to rise by 0.3 percent compared to the unchanged reading initially reported for the previous month.

With customer expectations taking a hit, the University of Michigan launched a report on Friday revealing a noteworthy deterioration in U.S. consumer belief in the month of July. The initial report stated the customer sentiment index dropped to 93.1 in July from the last June reading of 95.1. Economic experts had actually expected the index to edge down to 95.0.

While the Commerce Department released a report on Friday showing a rebound in U.S. company stocks in the month of May, the report also showed a drop in organisation sales. The report stated business inventories increased by 0.3 percent in May after falling by 0.2 percent in April. The increase in stocks matched financial expert estimates.

The dollar has actually been up to around $1.1465 versus the Euro Friday afternoon, from an early high of $1.1391.

The Eurozone trade surplus increased in May as development in exports surpassed the rise in imports, information from Eurostat showed Friday. The trade surplus increased to a seasonally changed EUR 19.7 billion in May from EUR 18.6 billion in April. Exports grew 2.1 percent from April and imports by 1.6 percent.

The buck has actually dropped to a 10-month low of $1.3090 against the pound sterling Friday afternoon, from an early high of $1.2934.

The greenback slipped to over a 1-week low of Y112.251 against the Japanese Yen Friday, but has given that rebounded to around Y112.560.

Japan’s commercial production decreased more than approximated in May, final information from the Ministry of Economy, Trade and Industry showed Friday. Commercial output fell 3.6 percent on a regular monthly basis instead of 3.3 percent decrease estimated previously. Year-on-year, production advanced 6.5 percent.

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