GBP/USD analysis for September 18, 2018 888011000 110888 Recently, the GBP/USD pair has been trading upwards. The cost checked the level of 1.3170. Anyhow, inning accordance with the H1 timespan, I discovered rejection of the yesterday’s high at the price of 1.3164, which is a sign that buying looks dangerous. I also discovered the surprise bearish divergence on the 3/10 oscillator and bearish outside bar (BEOB) in the background, which is another sign of weakness. Expect selling opportunities. The downward targets are set at 1.3095, 1.3070 and 1.3034. The product has actually been provided by InstaForex Company-www.instaforex.com

By | September 18, 2018

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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3170. Anyway, according to the H1 time frame, I found rejection of the yesterday’s high at the price of 1.3164, which is a sign that buying looks risky. I also found the hidden bearish divergence on the 3/10 oscillator and bearish outside bar (BEOB) in the background, which is another sign of weakness. Watch for selling opportunities. The downward targets are set at 1.3095, 1.3070 and 1.3034.

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

Jonathon Alexander

EUR/USD analysis for September 18, 2018 888011000 110888 Just recently, the EUR/USD set has been trading upwards. The cost checked the level of 1.1717. Anyway, according to the M30 time– frame, I discovered rejection of resistance 1 at the rate of 1.1713, which is an indication that purchasing looks risky. Besides, the cost declined from the upper Keltner band (resistance)and there is a covert bearish divergence on the 3/10 oscillator, which is another sign of weak point. Expect offering chances. The down targets are set at the rate of 1.1665 and at the cost of 1.1633. The product has actually been offered by InstaForex Business-www.instaforex.com

By | September 18, 2018

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1717. Anyway, according to the M30 time – frame, I found rejection of resistance 1 at the price of 1.1713, which is a sign that buying looks risky. Besides, the price rejected from the upper Keltner band (resistance) and there is a hidden bearish divergence on the 3/10 oscillator, which is another sign of weakness. Watch for selling opportunities. The downward targets are set at the price of 1.1665 and at the price of 1.1633.

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

Jonathon Alexander

EUR/USD short-term technical levels and trading suggestions for September 18, 2018 888011000 110888 The current bullish movementof the EUR/USD pair stopped to be dominant considering that August 28. Lack of sufficient bullish momentum is demonstrated on the chart so that current motion has actually developed into sideways consolidations.Earlier today, obvious bearish rejection was demonstrated around 1.1717. This permitted the existing double-top reversal pattern to be shown on the H1 chart.This would enhance the short-term bearish circumstance for the EUR/USD set. Intraday bearish targetlevels would be located around 1.1670, 1.1640 and eventually 1.1615(lower limit of the channel). Conservative traders need to wait for bearish closure listed below 1.1670(channel’s mid-range and neck line of the turnaround pattern)as a valid OFFER signal. T/P levels should lie around 1.1640 and 1.1615. The product has been supplied by InstaForex Company-www.instaforex.com

By | September 18, 2018

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The recent bullish movement of the EUR/USD pair ceased to be dominant since August 28.

Lack of enough bullish momentum is demonstrated on the chart so that recent movement has turned into sideways consolidations.

Earlier today, obvious bearish rejection was demonstrated around 1.1717. This allowed the current double-top reversal pattern to be demonstrated on the H1 chart.

This would enhance the short-term bearish scenario for the EUR/USD pair. Intraday bearish target levels would be located around 1.1670, 1.1640 and eventually 1.1615 ( lower limit of the channel ).

However, conservative traders should wait for bearish closure below 1.1670 (channel’s mid-range and neckline of the reversal pattern) as a valid SELL signal. T/P levels should be located around 1.1640 and 1.1615.

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

Jonathon Alexander

European Economics Preview: Sweden Jobless Data, Hungarian Rate Choice Due

By | September 18, 2018

Unemployment figures from Sweden and the interest rate statement from Hungary are the centerpieces due on Tuesday without any major information scheduled from the big economies in Europe. Statistics Sweden is set to release the unemployment information for August at 3.30 am ET. Economic experts anticipate the figure to alleviate to 6.30 percent from 6.40 percent in July.

The Hungarian reserve bank is set to reveal its newest interest rate decision at 8 am ET. Policymakers at the Magyar Nemezeti Bank is extensively expected hold the key rate stable at 0.90 percent. The previous modification in the rate was a 15 basis points reduction in May 2016.

In other news, retail sales data for July is due from Turkey at 3 am ET.

At 4.00 am ET, the Italian statistical workplace ISTAT is scheduled to launch the industrial turnover and orders data for the June-July duration. In May, turnover grew 1.7 percent month-to-month and 5 percent year-on-year. Orders rose 3.6 percent from the previous month and 4.9 percent from a year back. In other places, Poland’s statistical workplace is set to publish the typical salaries information for August at 4 am ET. Economic experts anticipate gross wages to rise 7 percent year-on-year, but fall 0.3 percent from the previous month. In July, earnings grew 7.2 percent year-on-year, however dropped 0.5 percent month-on-month.

Current account information for the 2nd quarter is due from Malta’s statistical office at 5 am ET.

Data on manufacturer rates for August from Russia is due at 9 am ET. Costs are expected increase 16.4 percent year-on-year after a 16.60 percent increase in July.

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

Jonathon Alexander

Australia Home Prices Slide 0.7% In Q2

By | September 18, 2018

Home prices in Australia were down 0.7 percent on quarter in the second quarter of 2018, the Australian Bureau of Data stated on Tuesday – in line with expectations and the same from the 3 months prior.

The capital city house cost indexes fell in Sydney (-1.2 percent), Melbourne (-0.8 percent), Perth (-0.1 percent) and Darwin (-0.9 percent), and increased in Brisbane (+0.7 percent), Hobart (+3.0 percent), Adelaide (+0.3 percent) and Canberra (+0.6 percent).

On a yearly basis, house prices dipped 0.6 percent versus expectations for a loss of 0.7 percent after increasing 2.0 percent in Q1.

Yearly, home costs fell in Darwin (-6.1 percent), Sydney (-3.9 percent) and Perth (-0.9 percent), and increased in Hobart (+15.5 percent), Canberra (+3.0 percent), Melbourne (+2.3 percent), Adelaide (+2.1 percent) and Brisbane (+1.7 percent).

The overall value of property homes in Australia was A$ 6,926,538.0 million at the end of the June quarter 2018, falling A$ 13,321.1 million over the quarter.

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

Jonathon Alexander

Oil Pares Early Gains, Ends Marginally Down

By | September 17, 2018

Petroleum costs retreated to close lower on Monday, after trending higher at an early stage in the session.

While expectations that crude supply may drop once sanctions against Iranian oil are carried out in November boosted oil prices early on in the day, stresses that oil need may see a decline due to intensifying U.S.- China trade stress dragged down rates as the session progressed.

Recently, there were hopes that U.S. and China will have a fresh round of talks at some point in the near future to figure out issues and diffuse trade tensions. The Chinese federal government is reported to be considering to reject the talks provide as it isn’t really prepared to negotiate with a “weapon pointed to its head.

Reports recommend that the U.S. federal government may reveal new tariffs on about $200 billion of Chinese products today. The rate of tariff is likely to be 10% and not 25% as earlier proposed.

It is commonly anticipated that China would strike back and enforce tasks on particular U.S. items that come into China.

Petroleum futures for October delivery ended down $0.08, or 0.1%, at $68.91 a barrel on the New york city Mercantile Exchange. On Friday, petroleum futures wound up $0.40, or 0.6%, at $68.99 a barrel.

Issues about possible supply disturbances due to the effect of cyclone Florence and approaching U.S. sanctions on Iranian oil supported oil prices on Friday, while a report released by the International Energy Association on Thursday, revealing a record crude output in August, minimal oil’s gains.

The IEA likewise said that production may drop moving forward due to falling output from Iran and Venezuela. It included that oil prices might break out above $80 a barrel unless other manufacturers act to offset deepening supply losses from these 2 countries.

The marketplaces now expect main information from the Energy Details Administration for more instructions.

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

Jonathon Alexander

Treasuries Roughly Flat, Ten-Year Yield Closes Above 3%

By | September 17, 2018

After recovering from a preliminary transfer to the downside, treasuries showed a lack of instructions over the course of the trading session on Monday.

Bond prices spent much of the day getting better and forth across the unchanged line prior to closing approximately flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis indicate 3.001 percent.

While the ten-year yield ended the day just somewhat greater, this marks the very first close above 3 percent in well over a month.

The choppy trading in the bond market came amidst sticking around trade concerns amid reports President Donald Trump intends to continue with plans to impose tariffs on $200 billion worth of Chinese items as early as today.

A report from the Wall Street Journal stated the new tariffs would bet set at 10 percent, lower than the 25 percent previously drifted by the administration.

The risk of brand-new tariffs might still lead China to decrease a deal to hold top-level trade talks, as the nation is not prepared to work out with a “gun pointed to its head,” the Journal kept in mind.

In a post on Twitter this morning, Trump declared tariffs have put the U.S. in an extremely strong bargaining position and called subsequent cost increases “practically unnoticeable.”

China has promised to strike back to any brand-new tariffs enforced by the U.S., with reports recommending the communist nation could go beyond raising tariffs on U.S. imports and restrict exports of products important to U.S. production.

On the U.S. financial front, the New York Federal Reserve released a report showing a bigger than anticipated downturn in the pace of growth in regional manufacturing activity in the month of September.

The New york city Fed said its basic organisation conditions index was up to 19.0 in September from 25.6 in August, although a positive reading continues to show growth in regional production activity. The index had actually been expected to dip to 23.0.

Any advancements regarding U.S. tariffs on Chinese goods might affect the markets on Tuesday together with a report on homebuilder self-confidence in the month of September.

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

Jonathon Alexander

IMF Warns ''N o-deal' ‘Brexit To Inflict Substantial Expenses On UK

By | September 17, 2018

The International Monetary Fund urged UK Prime Minister Theresa May to strike a handle the European Union, cautioning that a “no-deal” Brexit would most likely be disorderly and bring considerable expenses for the British economy.

“Overcoming differences and reaching a handle the EU will be important to prevent a no-deal Brexit, which would impose huge costs on the UK economy,” IMF Handling Director Christine Lagarde said.

The UK is set to leave the European Union on March 29, 2019.

In an interview to the BBC, Might said UK lawmakers had little option between her proposed deal with the EU. “It’s either my deal or no deal”, May said.

Leaving the EU without a contract on the framework for the future financial relationship and an implementation period to get there is the most considerable near-term danger to the UK economy, Lagarde included.

IMF staff concluding declaration of the Post IV mission advised both the UK and EU to reach an arrangement that lessens new tariff and non-tariff barriers so regarding secure growth and incomes.

Although new trade arrangements with non-EU countries might ultimately pare a few of these losses for the UK, such arrangements are unlikely to bring enough advantages to balance out the costs imposed by leaving the EU.

At the joint interview, Chancellor Philip Hammond stated a no-deal scenario remains unlikely – but it is not impossible.

“As talks magnify, I am positive we will reach contract on the Withdrawal Agreement and Future Structure this Autumn,” said Hammond.

Lagarde cautioned that the series of issues that stays to be resolved is daunting, and the time left to achieve them may be really brief. The UK is set to exit EU next March.

The IMF forecast the economic development to average around 1.5 percent this year and next. Lagarde said a disorderly Brexit would result in a contraction in the UK.

Somewhere else on Monday, the Institute for Government cautioned that the federal government has “left its preparations for ‘no deal’ too late.”

The proposed 21-month shift period would be too short for the negotiation, ratification and application of the final deal, the think tank said.

Earlier in the day, the British Chambers of Commerce downgraded its development expectations for the UK economy citing weaker outlook for trade and investment amid Brexit uncertainties.

Development projection for 2018 was lowered to 1.1 percent from 1.3 percent and that for next year to 1.3 percent from 1.4 percent. The projection for 2020 was kept unchanged at 1.6 percent.

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

Jonathon Alexander

IMF Warns ''N o-deal' ‘Brexit To Cause Considerable Costs For UK

By | September 17, 2018

The International Monetary Fund prompted UK Prime Minister Theresa May to strike a deal with the European Union, cautioning that a “no-deal” Brexit would more than likely be disorderly and bring significant costs for the British economy.

“Conquering distinctions and reaching a handle the EU will be important to avoid a no-deal Brexit, which would impose very large expenses on the UK economy,” IMF Managing Director Christine Lagarde stated.

The UK is set to leave the European Union on March 29, 2019.

In an interview to the BBC, May stated UK lawmakers had little option in between her suggested handle the EU. “It’s either my deal or no offer”, May said.

Undoubtedly, leaving the EU without an agreement on the structure for the future economic relationship and an execution period to obtain there is the most substantial near-term threat to the UK economy, Lagarde included.

IMF personnel concluding declaration of the Article IV objective advised both the UK and EU to reach an agreement that reduces brand-new tariff and non-tariff barriers so regarding safeguard growth and earnings.

Although new trade contracts with non-EU nations might eventually pare some of these losses for the UK, such contracts are unlikely to bring sufficient benefits to offset the expenses enforced by leaving the EU.

At the joint press conference, Chancellor Philip Hammond said a no-deal circumstance stays unlikely – but it is not impossible.

“As talks heighten, I am positive we will reach contract on the Withdrawal Agreement and Future Framework this Fall,” said Hammond.

Lagarde warned that the series of concerns that stays to be resolved is daunting, and the time left to achieve them may be really brief. The UK is set to leave EU next March.

The IMF anticipated the economic growth to average around 1.5 percent this year and next. Lagarde stated a disorderly Brexit would cause a contraction in the UK.

Elsewhere on Monday, the Institute for Federal government alerted that the government has “left its preparations for ‘no offer’ too late.”

The proposed 21-month shift period would be too brief for the settlement, ratification and implementation of the final deal, the think tank said.

Previously in the day, the British Chambers of Commerce devalued its growth expectations for the UK economy pointing out weaker outlook for trade and financial investment amidst Brexit uncertainties.

Growth projection for 2018 was decreased to 1.1 percent from 1.3 percent and that for next year to 1.3 percent from 1.4 percent. Meanwhile, the forecast for 2020 was kept the same at 1.6 percent.

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

Jonathon Alexander

Intraday technical levels and trading recommendations for GBP/USD for September 17, 2018 888011000 110888 The recent bearish momentum of the GBP/USD has actually shown signs of weak point since September 5 when an ascending bottom was developed around 1.2800 The GBP/USD pair is currently evaluating the depicted drop line which comes to fulfill the set around 1.3025-1.3090. This cost zone (1.3025-1.3090)corresponds to 50%and61.8%Fibonacci levels where evident bearish rejection was supposed to exist there. A bullish breakout above 1.3090 is currently being executed.As long as successful bullish breakout above 1.3090 is preserved, an additional bullish advance will take place towards 1.3200, 1.3250 and 1.3315. On the other hand, any decrease below 1.3090(61.8%Fibo level) will most likely invalidate the bullish breakout scenario.The product has been offered by InstaForex Company-www.instaforex.com

By | September 17, 2018

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The recent bearish momentum of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800

The GBP/USD pair is currently testing the depicted downtrend line which comes to meet the pair around 1.3025-1.3090.

This price zone (1.3025-1.3090) corresponds to 50% and 61.8% Fibonacci levels where evident bearish rejection was supposed to exist there. However, a bullish breakout above 1.3090 is currently being executed.

As long as successful bullish breakout above 1.3090 is maintained, a further bullish advance will occur towards 1.3200, 1.3250 and 1.3315.

On the other hand, any decline below 1.3090 (61.8% Fibo level) will probably invalidate the bullish breakout scenario.

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

Jonathon Alexander