Slovakia Industrial Production Grows For 2nd Month

By | December 12, 2017

Slovakia’s industrial production broadened for the 2nd successive month in October, figures from the Statistical Office of the Slovak Republic showed Tuesday.

Industrial production climbed up 5.4 percent year-over-year in October, faster than the 2.3 percent increase in September.

Amongst sectors, manufacturing production grew 5.5 percent yearly in October and utility sector output advanced by 6.3 percent. At the same time, mining and quarrying output contracted 4.9 percent.

On a regular monthly basis, commercial production increased a seasonally adjusted 1.4 percent in October.

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

Jonathon Alexander

Elliott wave analysis of EUR/NZD for December 12, 2017 888011000 110888 < imgwidth=” 450 “src=”http://qkfx.com/wp-content/uploads/2017/12/elliott-wave-analysis-of-eur-nzd-for-december-12-2017.png” alt=”analytics5a2f7f1c48f65.png”/ > Wave summary: EUR/NZD has reached its 1.7000 target and might still move a little lower towards 1.6922 as long as small resistance at1.7057 has the ability totop the benefit. Thatstated, a correctivelow shouldbe close at hand for restored upside pressure to 1.7480 en routetowards 1.7777. R3: 1.7147 R2: 1.1714 R1: 1.7057 Pivot: 1.7010 S1: 1.6984 S2: 1.6920 S3: 1.6851 Trading recommendation: We are brief EUR from 1.7200. We will move our stop lower to 1.7065. The product has been offered by InstaForex Company- www.instaforex.com

By | December 12, 2017

analytics5a2f7f1c48f65.png

Wave summary:

EUR/NZD has reached its 1.7000 target and could still move a little lower towards 1.6922 as long as minor resistance at 1.7057 is able to cap the upside. That said, a corrective low should be close at hand for renewed upside pressure towards 1.7480 on the way towards 1.7777.

R3: 1.7147

R2: 1.1714

R1: 1.7057

Pivot: 1.7010

S1: 1.6984

S2: 1.6920

S3: 1.6851

Trading recommendation:

We are short EUR from 1.7200. We will move our stop lower to 1.7065.

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

Jonathon Alexander

Elliott wave analysis of EUR/JPY for December 12, 2017 888011000 110888 < imgwidth=”450 “src= “http://qkfx.com/wp-content/uploads/2017/12/elliott-wave-analysis-of-eur-jpy-for-december-12-2017.png “alt= “analytics5a2f7748dc06c.png “/ > Wave summary: The minor rally from 132.21 looks tired, but we need a break listed below small assistance at 133.41 to confirm that a top is in location for renewed downside pressure to 132.21 towards strong support at 131.14, that has to be broken to validate wave (D)completed with the test of 134.50 and wave(E)now is establishing towards 123.43.As long as small assistance at 133.41 isable to protect the drawback a lastspike closeto 134.05 can notbe omitted, prior to turning lower again.R3: 134.50 R2: 134.17 R1: 133.97 Pivot: 133.41 S1: 133.11 S2: 132.69 S3: 132.23 Trading suggestion: We will offer EUR at 134.00 or upon a break listed below 133.41 with stop put at 134.60. The product has been supplied by InstaForex Company-www.instaforex.com

By | December 12, 2017

analytics5a2f7748dc06c.png

Wave summary:

The minor rally from 132.21 looks exhausted, but we need a break below minor support at 133.41 to confirm that a top is in place for renewed downside pressure towards 132.21 towards strong support at 131.14, that needs to be broken to confirm wave (D) completed with the test of 134.50 and wave (E) now is developing towards 123.43.

As long as minor support at 133.41 is able to protect the downside a final spike close to 134.05 can not be excluded, before turning lower again.

R3: 134.50

R2: 134.17

R1: 133.97

Pivot: 133.41

S1: 133.11

S2: 132.69

S3: 132.23

Trading recommendation:

We will sell EUR at 134.00 or upon a break below 133.41 with stop placed at 134.60.

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

Jonathon Alexander

Basic Analysis of EUR/USD for December 12, 2017 888011000 110888 EUR/USD has actually been trading lower after breaking listed below the 1.1850 event level just recently. The other day, EUR attempted to acquire some momentum against USD however cannot sustain the gain versus the vibrant level of 20 EMA and 1.1800 resistance location, leading to bearish pressure. This week is going to be really unstable for EUR/USD as traders are focused on the FOMC Statement, Economic outlook, and Federal Funds Rate report which are to be published on Wednesday. Traders are betting on the Fed raising the essential interest rate to 1.50% from the previous worth of 1.25%. If that takes place, USD is anticipated to be more spontaneous with the gains against EUR leading to a further decline of the set, taking the rate much deeper in the coming days. Today, France’s Personal Payrolls report is going to be published which is anticipated to be the same at 0.2%, German ZEW Economic Belief is anticipated to decrease to 17.9 from the previous figure of 18.7, and ZEW Economic sentiment is expected to have a minor decrease to 30.2 from the previous figure of 30.9. On the USD side, today PPI report is going to be released which is anticipated to be the same at 0.4% and Core PPI is anticipated to decrease to 0.2% from the previous worth of 0.4%. Though the forecast is rather mixed in nature currently, however any favorable reading will provide USD with support in the coming days. As for the present circumstance, USD is anticipated to acquire excellent momentum later this trading week that is anticipated to lead the cost towards 1.15 assistance location in the coming days.Now let uslook at the technical chart. The price is presently residing below the dynamic level of 20 EMA and 1.1800 rate area which is expected to push the rate lower towards 1.1660 and later on towards 1.1500 assistance area in the coming days. The rejection off the vibrant level suggests that the bearish trend players are still in the market and all set to push the rate lower when the rate hike choice strikes on Wednesday this week. As the price stays below 1.1850, the bearish predisposition is expected to continue even more. The material has been supplied by InstaForex Business-www.instaforex.com

By | December 12, 2017

EUR/USD has been trading lower after breaking below the 1.1850 event level recently. Yesterday, EUR tried to gain some momentum against USD but failed to sustain the gain against the dynamic level of 20 EMA and 1.1800 resistance area, resulting in bearish pressure. This week is going to be very volatile for EUR/USD as traders are focused on the FOMC Statement, Economic outlook, and Federal Funds Rate report which are to be published on Wednesday. Moreover, traders are betting on the Fed raising the key interest rate to 1.50% from the previous value of 1.25%. If that happens, USD is expected to be more impulsive with the gains against EUR leading to a further decline of the pair, taking the price much deeper in the coming days. Today, France’s Private Payrolls report is going to be published which is expected to be unchanged at 0.2%, German ZEW Economic Sentiment is expected to decrease to 17.9 from the previous figure of 18.7, and ZEW Economic sentiment is expected to have a slight decrease to 30.2 from the previous figure of 30.9. On the USD side, today PPI report is going to be published which is expected to be unchanged at 0.4% and Core PPI is expected to decrease to 0.2% from the previous value of 0.4%. Though the forecast is quite mixed in nature currently, but any positive reading will provide USD with support in the coming days. As for the current scenario, USD is expected to gain good momentum later this trading week that is expected to lead the price towards 1.15 support area in the coming days.

Now let us look at the technical chart. The price is currently residing below the dynamic level of 20 EMA and 1.1800 price area which is expected to push the price lower towards 1.1660 and later towards 1.1500 support area in the coming days. The rejection off the dynamic level indicates that the bearish trend players are still in the market and ready to push the price lower when the rate hike decision strikes on Wednesday this week. As the price remains below 1.1850, the bearish bias is expected to continue further.

analytics5a2f6e9cc641f.jpg

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

Jonathon Alexander

Australia Business Self-confidence Ebbs In November – NAB

By | December 12, 2017

Customer self-confidence in Australia slowed in November, the most recent survey from National Australia Bank exposed on Tuesday with an index score of +6.

That’s below the upwardly modified +9 in October (initially +8).

Company conditions likewise slowed in November with index being available in at a score of +12, down dramatically from +21 in the previous month.

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

Jonathon Alexander

Australia House Prices Slip 0.2% On Quarter In Q3

By | December 12, 2017

Residential property prices in Australia were down 0.2 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Tuesday.

That missed forecasts for a gain of 0.5 percent following the 1.9 percent jump in the previous three months.

On a yearly basis, house prices were up 8.3 percent – again missing forecasts for 8.8 percent and down from 10.2 percent in the three months prior.

The total value of residential dwellings in Australia was A$6.779 trillion at the end of the September quarter, rising A$14.843 billion over the quarter.

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

Jonathon Alexander

Daily analysis of major sets for December 11, 2017 888011000 110888 EUR/USD: Throughout recently, the EUR/USD set went downwards by 120 pips, therefore leading to a Bearish Confirmation Pattern in the market. While the support levels at 1.1750 and 1.1700 might be evaluated, it is likewise anticipated that a rally will happen sometime this week, owing to a bearish run on the USD/CHF pair. USD/CHF: Throughout recently, the USD/CHF pair went upwards by 160 pips, hence leading to a Bullish Confirmation Pattern in the market. While the resistance levels at 0.9950 and 1.0000 might be evaluated, it is expected that the pair would end up dropping today , since CHF would showcase a remarkable level of stamina. Other currencies would likewise drop versus CHF. GBP/USD: The bullish bias on the GBP/USD set is not presently strong, since there were some subtle bearish attacks on the market last week. For the bullish predisposition to become strong, rate would need to overcome the distribution area at 1.3550. A. motion below the build-up territory at 1.3250 would result in a bearish. outlook. USD/JPY: This currency trading instrument went. downwards onMonday and Tuesday, and then went upwards on Thursday and Friday. There is a bullish bias on the marketplace, and the supply. If there is going to be any major, level at 113.50 is expected to be reached– even. pullback at last. < img width=" 450" src=" http://qkfx.com/wp-content/uploads/2017/12/daily-analysis-of-major-pairs-for-december-11-2017-3.png "alt=" 4. png “/ > EUR/JPY: This is a choppy, directionless market. (both in the longer-term and the shorter-term ), and it is sensible to stay away. from the market till there is a break above the supply zone at 134.50; or. until there is a break listed below the need zone at 131.50. This would need a. big momentum, and would happen in less than 14 days to this time. The material has been offered by InstaForex Company- www.instaforex.com

By | December 11, 2017

EUR/USD: Throughout last week, the EUR/USD pair went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support levels at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF pair.

1.png

USD/CHF: Throughout last week, the USD/CHF pair went
upwards by 160 pips, thus leading to a Bullish Confirmation Pattern in the
market. While the resistance levels at 0.9950 and 1.0000 could be tested, it is
expected that the pair would end up plummeting this week, because CHF would
showcase an extraordinary level of stamina. Other currencies would also drop
versus CHF.

2.png

GBP/USD: The
bullish bias on the GBP/USD pair is not currently strong, because there were some
subtle bearish attacks on the market last week. For the bullish bias to become
strong, price would need to overcome the distribution territory at 1.3550. A
movement below the accumulation territory at 1.3250 would result in a bearish
outlook.

3.png

USD/JPY: This currency trading instrument went
downwards on Monday and Tuesday, and then went upwards on Thursday and Friday.
There is a bullish bias on the market, and the supply
level at 113.50 is expected to be reached – even if there is going to be any major
pullback at last.

4.png

EUR/JPY: This is a choppy, directionless market
(both in the longer-term and the shorter-term), and it is prudent to stay away
from the market until there is a break above the supply zone at 134.50; or
until there is a break below the demand zone at 131.50. This would require a
big momentum, and would happen in less than 14 days to this time.

5.png

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

Jonathon Alexander

Global macro summary for 11/12/2017

By | December 11, 2017

At the start of the week, New Zealand Dollar leapt after information that Adrian Orr, the president of the NZ Super Fund will end up being the brand-new president of Reserve Bank of New Zealand. This name does not tell us much, but it is adequate to include that Orr has been used in the reserve bank two times in his profession and that domestic monetary policy is his domain. It is not yet possible to say a lot about the brand-new chairperson mindset (hawkish-dovish), his option removes from NZD the threat that the federal government could appoint a less foreseeable candidate more favorable to forced economic policy (or more dovish).

Presently, the NZD value exaggerated the political threat premium and in the short-term, the NZD looks the most appealing amongst the product currencies. The international financiers still anticipate the NZ economy to grow at a modest underlying pace, below the quarterly volatility in GDP. The September quarter is shaping up to be the weak spot for the year, but recent activity data points to a strong start to the December quarter. There are some challenges to the outlook for next year, but the economy appears to be originating from a more powerful beginning point than financial markets and organisation surveys are offering it credit for.Let’s now have a look at the NZD/USD technical image in the H4 amount of time. The market is still trading sideways in a narrow zone in between the levels of 0.6779 – 0.6970. At today, the price is evaluating the golden pattern line vibrant resistance at the level of 0.6910 as it tries to bounce from the oversold levels.

analytics5a2e8967447a4.jpg

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

Jonathon Alexander