Category Archives: Quick Forex

Fed Treks Rate of interest, Preserves Forecast Through 2018 888011000 110888 The Federal Reserve on Wednesday raised its benchmark interest rate for the 3rd time in 3 months despite indications the U.S. economy has actually cooled off in 2017. The Federal Free market Committee voted to raise fed funds to in between 1% and 1.25% and will start “gradual” shrinking of its $4.5 trillion balance sheet “this year.” The Fed, entrusted with promoting full work and healthy inflation, was required to deal with an unusual issue– the unemployment rate has actually dropped to its least expensive in 16 years, however inflation has actually compromised below the Fed’s 2 percent target rate. Their so-called ‘dot plot’ reveals one more rate walking in 2017 and three more in 2018, but the Fed’s accompanying declaration used little indication they prepare to raise rates of interest again this summer season. Policy makers say they are “monitoring developments carefully,” meaning they are likely await verification that recent financial weak point is “temporal.” In economic news today, U.S. retail sales in May were the weakest in 16 months, while companies added a paltry 138,000 tasks in the same month. Meanwhile, the rate of inflation over the previous 12 months has actually slowed to 1.9% in May from 2.7% just in February. The material has actually been offered by InstaForex Business – www.instaforex.com

By | June 14, 2017

The Federal Reserve on Wednesday raised its benchmark interest rate for the third time in three months despite signs the U.S. economy has cooled off in 2017.

The Federal Open Market Committee voted to raise fed funds to between 1% and 1.25% and will start “gradual” shrinking of its $4.5 trillion balance sheet “this year.”

The Fed, tasked with promoting full employment and healthy inflation, was forced to deal with an unusual dilemma — the unemployment rate has dropped to its lowest in 16 years, but inflation has weakened below the Fed’s 2 percent target rate.

Their so-called ‘dot plot’ shows one more rate hike in 2017 and three more in 2018, but the Fed’s accompanying statement offered little indication they plan to raise interest rates again this summer.

Policy makers say they are “monitoring developments closely,” meaning they are likely wait for confirmation that recent economic weakness is “transitory.”

In economic news this morning, U.S. retail sales in May were the weakest in 16 months, while employers added a paltry 138,000 jobs in the same month.

Meanwhile, the rate of inflation over the past 12 months has slowed to 1.9% in May from 2.7% just in February.

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

Daily Video Technical Analysis|EUR/USD|14th June 2017 888011000 110888 Believe we can capture the extremely drop we’re expecting on EUR/USD? If we get it right, this could be among the juiciest trades of the week!The product has actually been provided by InstaForex Business – www.instaforex.com

By | June 14, 2017

Think we can catch the super drop we’re expecting on EUR/USD? If we get it right, this could be one of the juiciest trades of the week!

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

Technical analysis of USD/JPY for June 14, 2017 888011000 110888 As it was forecasted in the yesterday analysis, USD/JPY has actually moved is exact same instructions and both our take revenues targets have been struck. USD/JPY is still under pressure and expected to post more losses. The pair broke below the 20-period and 50-period moving averages. In addition, the 20-period moving average is declining and will cross below the 50-period one. The relative strength index is heading downwards. To conclude, as long as 109.95 hangs on the advantage, try to find a further drop to 108.70 and even to 108.35 in extension. Additionally, if the rate moves in the opposite instructions as anticipated, long position is suggested above 109.95 with targets at 108.70. Chart Explanation: The black line shows the pivot point, present price above pivot point suggests the bullish position and listed below pivot points show the brief position. The red lines reveal the assistance levels and the green line indicates the resistance levels. These levels can be utilized to leave and get in trades.Strategy: OFFER, Stop Loss: 110.45, Take Earnings: 109.65 Resistance levels: 110.45, 110.80, and 111.15 Support levels: 108.70,108.35, and 108 The material has actually been offered by InstaForex Company- www.instaforex.com

By | June 14, 2017

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As it was predicted in the yesterday analysis, USD/JPY has moved is same direction and both our take profits targets have been hit. USD/JPY is still under pressure and expected to post further losses. The pair broke below the 20-period and 50-period moving averages. In addition, the 20-period moving average is turning down and is about to cross below the 50-period one. The relative strength index is heading downwards.

To conclude, as long as 109.95 holds on the upside, look for a further drop to 108.70 and even to 108.35 in extension.

Alternatively, if the price moves in the opposite direction as predicted, long position is recommended above 109.95 with targets at 108.70.

Chart Explanation: The black line shows the pivot point, present price above pivot point indicates the bullish position and below pivot points indicate 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 : SELL, Stop Loss: 110.45, Take Profit: 109.65

Resistance levels: 110.45, 110.80, and 111.15

Support levels: 108.70,108.35, and 108

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

Technical analysis of GBP/JPY for June 14, 2017 888011000 110888 The the other day take revenue target for GBP/JPY has actually been hit. After striking the mark of 140.80(today’s high), which was likewise our target moved downward, the pair went downwards. For that reason, the level played a resistance role. The set is now expected to trade in a lower range below 140.60. The pair has plainly reversed downwards after its failure to break above the resistance at 140.80. The 50-period and 20-period moving averages are denying and should continue to push the costs lower. Besides, the relative strength index is negative listed below its neutrality location at 50. As long as 140.60 is not surpassed, anticipate a return to 139 and 138.60 in extension. If the cost moves in the opposite direction as anticipated, long position is suggested above 140.60 with targets at 141.20 and 141.80. Chart Explanation: The black line reveals the pivot point, present rate above pivot point shows the bullish position and below pivot points indicates the brief position. The red lines show the assistance levels and the green line shows the resistance levels. These levels can be utilized to get in and leave trades.Strategy: OFFER, Stop Loss: 140.60, Take Earnings: 139 Resistance levels: 141.20, 141.85, and 142.15 Support levels: 139.00,138.60, and 138 The product has been supplied by InstaForex Business-www.instaforex.com

By | June 14, 2017

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The yesterday take profit target for GBP/JPY has been hit. After hitting the mark of 140.80 (today’s high), which was also our target moved downward, the pair went downwards. Therefore, the level played a resistance role. The pair is now expected to trade in a lower range below 140.60. The pair has clearly reversed downwards after its failure to break above the resistance at 140.80. The 20-period and 50-period moving averages are turning down and should continue to push the prices lower. Besides, the relative strength index is negative below its neutrality area at 50.

Therefore, as long as 140.60 is not surpassed, expect a return to 139 and 138.60 in extension.

Alternatively, if the price moves in the opposite direction as predicted, long position is recommended above 140.60 with targets at 141.20 and 141.80.

Chart Explanation: The black line shows the pivot point, 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 : SELL, Stop Loss: 140.60, Take Profit: 139

Resistance levels: 141.20, 141.85, and 142.15

Support levels: 139.00,138.60, and 138

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

Technical analysis of NZD/USD for June 14, 2017 888011000 110888 The NZD/USD set moved as predicted and all our targets have actually been struck. The pair is on the upward side since June 1 and is still anticipated toadvance further.To summarize, search for a continuation of reboundto 0.73450 as well as to 0.7375 in extension above 0.723. Technique: BUY at dips, Stop Loss: 0.7230, Take Earnings: 0.7345 Chart Explanation: The black line shows the pivot point; the present rate above pivot point suggests the bullish position and listed below pivot points suggest the brief position. The red lines show the assistance levels andthe green line shows the resistance levels. These levels can be used to enter and exit trades.Resistance levels: 0.7345, 0.7375, and 0.7405 Assistance levels: 0.7210, 0.7190, and 0.7150 The material has been supplied by InstaForex Business-www.instaforex.com

By | June 14, 2017

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The NZD/USD pair moved as predicted and all our targets have been hit. The pair is on the upward side since June 1 and is still expected to advance further.

To sum up, look for a continuation of rebound to 0.73450 and even to 0.7375 in extension above 0.723.

Strategy: BUY at dips, Stop Loss: 0.7230, Take Profit: 0.7345

Chart Explanation: The black line shows the pivot point; the present price above pivot point indicates the bullish position and below pivot points indicate 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.

Resistance levels: 0.7345, 0.7375, and 0.7405

Support levels: 0.7210, 0.7190, and 0.7150

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

GBP/USD bouncing completely as anticipated, stay bullish

By | June 14, 2017

The cost has evaluated our purchasing level and has actually bounced completely from it. We stay bullish above 1.2633(Fibonacci retracement, Fibonacci extension, horizontal pullback support, bullish divergence) and we anticipate an additional rise above this level to at least 1.2886 resistance (Fibonacci retracement).

The RSI (34) sees significant support above the 26% level where we expect a bounce from and also sees bullish divergence signalling that a strong bounce is expected.Buy above 1.2633. Stop loss at 1.2483. Take earnings at 1.2886. The product has been supplied by InstaForex Business – www.instaforex.com

USD/JPY remain bearish for a more drop

By | June 14, 2017

The price continues to hold well listed below our descending resistance line. We stay bearish below the 110.66 resistance(Fibonacci retracement, horizontal overlap resistance, coming down resistance) for a further push down to a minimum of the 108.23 assistance (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is seeing significant resistance below our 96% level and has good disadvantage potential.Sell listed below 110.66. Stop loss at 111.25. Take profit at 108.23. The product has actually been offered by InstaForex Company – www.instaforex.com

GBP/USD analysis for June 14, 2017

By | June 14, 2017

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Recently, the GBP/USD has been trading sideways at the price of 1.2735. The analysis from yesterday is still active. According to the 4H time frame, I found the bullish Wolfe Wave pattern and a potential double bottom formation, which is a sign that selling looks risky. My advice is to watch for potetnial buying opportunities. The upward targets are set at the prcie of 1.3000 and 1.3050.

Resistance levels:

R1: 1.2795

R2: 1.2840

R3: 1.2915

Support levels:

S1: 1.2675

S2: 1.2600

S3: 1.2555

Trading recommendations for today: watch for potential buying opportunities.

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