The development of the Chinese economy is slowing, and the US dollar is reinforcing its position

By | October 19, 2018

The United States dollar continued to enhance its position versus a number of world currencies after the outcome of the failed EU summit on financial issues, as well as versus the background of good fundamental statistics on the American economy.

The other day afternoon, a report on the US labor market was released, in addition to agents of the Federal Reserve System, who once again spoke of the need to additional increase interest rates, which had a positive result on investor belief.

According to the US Department of Labor, the variety of Americans who sent brand-new applications for welfare last week has declined. In spite of this, the lack of skilled workers is still quite high.

Thus, the number of initial claims for welfare for the week from October 7 to 13 reduced by 5,000 and amounted to 210,000, while economic experts also anticipated that the variety of applications would be 210,000.

The speech of the President of the Federal Reserve Bank of St. Louis, James Bullard, caused an increase in the United States dollar. Bullard stated that the strong economic characteristics justifies the increase in interest rates, which he opposed for a long time.

Despite this, the situation in the economy might change at any time, and these changes will be unfavorable. Even if the economy surpasses financial experts’ projections, the Fed needs to report to the marketplaces about future rate hikes.

The speech of the Vice Chairman of the Fed Quarles also benefited the US dollar, as he confirmed the current rate of the Fed to a progressive policy change due to the truth that the economy is still in good condition.

Quarles drew attention to the truth that it is extremely challenging to say whether it will be possible to keep strong economic development. In his viewpoint, there is some prospective for increasing the share of the economically active population.

As for the economic crisis, then, in the viewpoint of the Fed representative, there is little proof of dangers, and the criticism of US President Donald Trump with respect to the Fed will not avoid him from doing his job.

China

Today, there was data on the economy of China, whose growth has actually slowed to the level of the start of the monetary crisis.

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According to the report of the National Bureau of Statistics, China’s GDP in the 3rd quarter of this year grew by 6.5% compared with the same duration last year, versus a development of 6.7% in the 2nd quarter. Financial experts had anticipated a 6.6% increase in GDP in the 3rd quarter. Regardless of the slowdown, the target levels set by the authorities in the region of 6.5% have actually been achieved.The downturn in industrial production will have a negative influence on financial development in the future, despite the fact that growth in financial investment and retail sales has stabilized.According to the Bureau of Stats, in September of

this year, compared to the exact same period last year, commercial production grew by 5.8 %after rising by 6.1%in August. Economic experts had anticipated annual commercial growth to be 6.0 %. Investments for the period from January to September rose by 5.4%, which ended up being greater than the projections of economists, who anticipated development of 5.3 %. Retail sales in September increased 9.2%after rising 9.0%in August. Financial experts had actually forecast growth of 9.1%. The product has been supplied by InstaForex Company- www.instaforex.com

Jonathon Alexander

EUR/ USD. October 19th. The trading system “Regression Channels”. Euro continues to lose ground, no correction

By | October 19, 2018

4-hour timeframe Technical information

: The senior direct

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regression channel:

instructions- sideways.The more youthful linear regression channel: instructions-down.Moving average

(20; smoothed)-down.CCI: -141.9747 The EUR/ USD instrument on Friday,

October 19, continues its down motion. After it ended up being known about the failure of the next settlements in between the EU and Britain relating to the conditions of Brexit, and pound sterling, and euro currency remain under market pressure. The European currency may in the near future cease to experience the pressure of traders, considering that it has never responded at all to any events worrying Brexit. It was in the last days, which might be crucial for the entire Brexit procedure, that traders offered the euro due to expectations of failure of settlements. In the near future, this subject may lose its significance to the market. Even after the failure of the settlements, the EU and British leaders once again made positive statements that they intended to reach a contract. Jean Claude Juncker said that he considered Brexit hazardous without a deal. May is of the same viewpoint. However, the marketplaces have actually plainly lost optimism. On the last trading day of the week, the calendar of macroeconomic occasions in the EU and the USA does not contain anything remarkable and interesting. From a technical perspective, the “Regression Channels”system clearly suggests a down motion and no correction. Some oversold indicator CCI cautions of a possible beginning of the correction.Nearest assistance levels: S1-1,1475 S2-1,1414 S3-1.1353 Nearby resistance levels: R1- 1.1536 R2-1.1597 R3-1.1658 Trading suggestions: The EUR/ USD currency set continues to move downward,

so it is now suggested to remain in short positions with a target of 1.1414. A reversal of the Heikin Ashi indicator to the top

will signify

the turn of the corrective movement and will work as a signal

to close the sell position.Orders for the purchase can be considered no earlier than traders conquer the moving average line. In this case, the trend in the instrument will once again change to ascending, and the very first target will be the level of 1.1597. In addition to the technical photo need to likewise take into consideration the essential data and the time of their release.Explanations for illustrations: The senior direct regression channel is the blue lines of the unidirectional movement.The junior direct regression channel is the purple lines of unidirectional movement.CCI -blue line in the indication window.The moving average(20; smoothed)

is the blue line on the rate chart.Murray levels -multi-colored horizontal stripes.Heikin Ashi is a sign that colors bars in blue or

purple.The product has actually been offered by InstaForex

Company-www.instaforex.com

Jonathon Alexander

Dutch Consumer Confidence Weakens For Third Month

By | October 19, 2018

Dutch consumer confidence eroded for a third straight month in October, as households’ economic expectations weakened, leading to a diminished willingness to buy, survey data from the Central Bureau of Statistics showed on Friday.

The consumer confidence index declined to 15 from 19 in September. However, the score was well above the average of -3 over the past twenty years.

The sub-index reflecting economic expectations fell to 28 from 34. The willingness to buy indicator dropped to 6 from 8.

Households were also less positive regarding their financial situation and were less inclined to make big purchases.

Separately, the statistical office said household spending grew 2.2 percent year-on-year in August. The pace of growth was slower than those witnessed in the previous two months.

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

Jonathon Alexander

Technical analysis of USD/CHF for October 18, 2018 888011000 110888 Summary: The Swissy is still calling for strong bullish outlook today. The USD/CHF pair continues to trade upwards from the level of 0.9875. The set increased from the level of 0.9875 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while day-to-day assistance 1 is seen at 0.9743(61.8 %Fibonacci retracement). According to the previous events, the USD/CHF pair is still moving in between the levels of 0.9875 and 0.9999; so we anticipate a range of 124 pips. If the trend is able to break out through the very first resistance level at 0.9865, we should see the set climbing towards the second resistance (0.9922)to check it. Therefore, buy above the level of 0.9865 with the first target at 0.9922 in order to test the day-to-day resistance 2 and even more to 0.9963. It might be kept in mind that the level of 0.9963 is an excellent place to take profit since it will form a new double top. On the other hand, in case a turnaround takes place and the USD/CHF set breaks through the assistance level of 0.9875 , a more decline to 0.9740 can take place which would show a bearish market.The material has been provided by InstaForex Business -www.instaforex.com

By | October 19, 2018

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Overview:

The Swissy is still calling for strong bullish outlook today. The USD/CHF pair continues to trade upwards from the level of 0.9875. The pair rose from the level of 0.9875 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while daily support 1 is seen at 0.9743 (61.8% Fibonacci retracement). According to the previous events, the USD/CHF pair is still moving between the levels of 0.9875 and 0.9999; so we expect a range of 124 pips. Furthermore, if the trend is able to break out through the first resistance level at 0.9865, we should see the pair climbing towards the second resistance (0.9922) to test it. Therefore, buy above the level of 0.9865 with the first target at 0.9922 in order to test the daily resistance 2 and further to 0.9963. Besides, it might be noted that the level of 0.9963 is a good place to take profit because it will form a new double top. On the other hand, in case a reversal takes place and the USD/CHF pair breaks through the support level of 0.9875, a further decline to 0.9740 can occur which would indicate a bearish market.

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

Jonathon Alexander

BITCOIN Analysis for October 19, 2018 888011000 110888 Bitcoin has actually been just recently broken below $6,500 after particular correction for a few days above it, poised to move higher in the coming days. The rate broke listed below $6,500 area with a day-to-day close, the break was not quite impulsive to sustain the bearish momentum. Furthermore, the cost has formed Bullish Divergence which is anticipated to lead the cost greater above $6,500 area however in a volatile and corrective manner. The rate may get resisted by dynamic levels like 20 EMA, Tenkan, Kijun and Kumo cloud. Nevertheless, as the cost is expected to climb higher, it stays above $6,000 area with a daily close.SUPPORT: 6,000 RESISTANCE: 6,500, 7,500, 8,000PREDISPOSITION: BULLISHMOMENTUM: VOLATILE The material has been offered by InstaForex Business -www.instaforex.com

By | October 19, 2018

Bitcoin has been recently broken below $6,500 after certain correction for a few days above it, poised to move higher in the coming days. Though the price broke below $6,500 area with a daily close, the break was not quite impulsive to sustain the bearish momentum. Moreover, the price has formed Bullish Divergence which is expected to lead the price higher above $6,500 area but in a volatile and corrective manner. The price may get resisted by dynamic levels like 20 EMA, Tenkan, Kijun and Kumo cloud. However, as the price is expected to climb higher, it remains above $6,000 area with a daily close.

SUPPORT: 6,000

RESISTANCE: 6,500, 7,500, 8,000

BIAS: BULLISH

MOMENTUM: VOLATILE

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

Jonathon Alexander

Technical analysis of USD/CAD for October 18, 2018 888011000 110888 Overview: The USD/CAD pair has actually broken resistance at the level of 1.3000, which acts as support now. The set has currently formed small assistance at 1.3000. The strong support is seen at the level of 1.2945 since it represents the weekly support. In the H1 amount of time, the RSI and the moving average (100) are still pointing to the upside. The market shows a bullish chance at the level of 1.3000. Buy above the small support of 1.3000 with a target at 1.3089 (this rate is accompanying the ratio of 100 %Fibonacci ). On the other hand, if the pair closes below the small assistance(1.3000), the rate will fall into the bearish market in order to go further towards the strong assistance at 1.2945. Comment: Likewise, the double bottom is seen at the level of 1.2865. If the trend is resilient, then the currency set strength will be specified as following: USD remains in an uptrend and CAD remains in a downtrend.The product has been supplied by InstaForex Company-www.instaforex.com

By | October 19, 2018

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Overview:

The USD/CAD pair has broken resistance at the level of 1.3000, which acts as support now. So, the pair has already formed minor support at 1.3000. The strong support is seen at the level of 1.2945 because it represents the weekly support. In the H1 time frame, the RSI and the moving average (100) are still pointing to the upside. Therefore, the market indicates a bullish opportunity at the level of 1.3000. Buy above the minor support of 1.3000 with a target at 1.3089 (this price is coinciding with the ratio of 100% Fibonacci). On the other hand, if the pair closes below the minor support (1.3000), the price will fall into the bearish market in order to go further towards the strong support at 1.2945.

Comment:

Also, the double bottom is seen at the level of 1.2865.

If the trend is buoyant, then the currency pair strength will be defined as following: USD is in an uptrend and CAD is in a downtrend.

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

Jonathon Alexander