Worldwide macro summary for 15/06/2018

By | June 15, 2018

The Eurostat released the most crucial report throughout today’s European session: the last information on customer inflation in the Eurozone (CPI ). When it comes to information on a regular monthly basis, market projections increase, as held true for year-on-year readings. As it ended up, expectations were an area on.In annual terms, inflation in Might 2018 reached 1.9%, which in contrast to the April reading (1.3%) indicates its increase. In turn, the annualized CPI for the whole EU reached the level of 2.0% against 1.5% in April this year, while a year earlier the reading showed 1.6%. Information on a regular monthly basis indicate CPI inflation by 0.5%, hence they are in line with market expectations, but greater than the previous reading (0.3%).

The lowest boost in inflation was tape-recorded in Ireland (0.7%) and Greece (0.8%). The greatest in Romania, where the CPI is up 4.6%.

In conclusion, the Customer Price Index data remained in line with expectations, however there are still below the ECB target on a minimum 2.0%.

Let’s now take a look at the EUR/USD technical image at the H4 time frame. Quotes of the primary currency pair are fixing the strong decline, which lasted up until completion of the other day’s session. As can be seen in the 4-hour chart below, inflation information help to move the rate above the level of 1.1600, but the closest technical resistance at 1.1616 appears to be the line in the sand for now. The nearby technical support is seen at the level of 1.1542 and offense of this level would right away lead to the test of the swing low at the level of 1.1509.

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

Jonathon Alexander

Technical analysis of NZD/USD for June 15, 2018 888011000 110888 < img width ="450"src="http://qkfx.com/wp-content/uploads/2018/06/technical-analysis-of-nzd-usd-for-june-15-2018.png “alt=”analytics5b23977019fd2.png”/ > Overview: Pivot: 0.7075. The NZD/USD set didn’t make significant movement recently. The predisposition stays bullish in the closest term testing 0.7185 or greater. The NZD/USD set continues to rise from the level of 0.6977 in the long term. It needs to be noted that the support is established at the level of 0.6977 which represents the 23.6%Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the exact same timespan. Accordingly, the NZD/USD pair is showing signs of strength following a breakout of the greatest level of 0.7057. So, buy above the level of 0.7057 with the very first target at 0.7121 in order to test the everyday resistance 1 and further to 0.7121. Besides, it might be kept in mind that the level of 0.7185 is a great location to take revenue because. On theother hand, in case a turnaround takes place and the NZD/USD set breaks through the support level of 0.6977, the stop loss must be put at 0.6848. The material has been supplied by InstaForex Company-www.instaforex.com

By | June 15, 2018

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Overview:

Pivot: 0.7075.

The NZD/USD pair didn’t make significant movement last week. The bias remains bullish in the nearest term testing 0.7185 or higher. The NZD/USD pair continues to rise from the level of 0.6977 in the long term. It should be noted that the support is established at the level of 0.6977 which represents the 23.6% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the same time frame. Accordingly, the NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7057. So, buy above the level of 0.7057 with the first target at 0.7121 in order to test the daily resistance 1 and further to 0.7121. Besides, it might be noted that the level of 0.7185 is a good place to take profit because. On the other hand, in case a reversal takes place and the NZD/USD pair breaks through the support level of 0.6977, the stop loss should be placed at 0.6848.

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

Jonathon Alexander

AUD/USD analysis for June 15, 2018 888011000 110888 Just recently, the AUD/USD has actually been trading downwards. The cost evaluated the level of 0.7459. Inning accordance with the H1 time– frame, I discovered broken upward trendline in the background which is a sign that sellers are in control. I likewise discovered a possible end of the intraday bullish corrective stage which is an indication that AUD/USD might continue lower. My advice is to expect possible selling opportunities. The downward target is set at the rate of 0.740. Resistance levels: R1: 0.7539 R2: 0.7610 R3: 0.7650 Support levels: S1: 0.7430 S2: 0.7393 S3: 0.7320 Trading suggestions for today: look for prospective selling opportunities.The product has actually been offered by InstaForex Business-www.instaforex.com

By | June 15, 2018

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Recently, the AUD/USD has been trading downwards. The price tested the level of 0.7459. According to the H1 time – frame, I found broken upward trendline in the background which is a sign that sellers are in control. I also found a potential end of the intraday bullish corrective phase which is a sign that AUD/USD may continue lower. My advice is to watch for potential selling opportunities. The downward target is set at the price of 0.740.

Resistance levels:

R1: 0.7539

R2: 0.7610

R3: 0.7650

Support levels:

S1: 0.7430

S2: 0.7393

S3: 0.7320

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Review of GBP/USD since June 15, 2018 888011000 110888 The development rate of retail sales in the UK accelerated from 1.4% to 3.9% with a projection of 2.4%. The pound was still losing its positions rapidly, for which it had to say an unique thanks to Mario Draghi, who provoked a panic collapse of the single European currency, and it already dragged the pound along with the dollar index. The main concern that everybody asked the ECB’s board prior to the conference was the fate of the quantitative easing program. Lots of feared that it could be extended, but practically everyone made certain that no concrete steps would follow after yesterday’s conference, as, inning accordance with preliminary data, inflation in Europe started to proliferate. However, the decision of the ECB was a total surprise, and most significantly – verified all the worries: as planned previously, till September, the quantitative alleviating program will be 30 billion euros a month. however after September, rather of its curtailment, it will operate till December, nevertheless, in the quantity of 15 billion euros a month. Yes, the ECB has extended the program of quantitative easing. Given the fact that this is not the first extension of the quantitative alleviating program, no one can ensure that it will not be renewed.In fairness, it needs to be noted that even without the decision of the ECB to extend the quantitative easing program, the dollar had premises for growth. The fact is that the growth rates of retail sales did not slow from 4.8% to 4.4%, but sped up to 5.9%. Also, the number of applications for welfare fell by 53 thousand.Today in the UK did notrelease any macroeconomic information, but in the United States there are information scheduled to be released, and they will be more likely to be unfavorable. The fact is that commercial production is forecasted to slow down from 3.5%to 2.7% with an increase in capacity usage from 78.0% to 78.1%. This indicates that the American industry is not in a great state, since it shows that the devaluation of set possessions in the United States is high. After such a substantial drop in the pound, any bad news from the United States will be perceived as a reason for a rebound.The pound hasa good opportunity to grow to 1.3300. The material has been supplied by InstaForex Company-www.instaforex.com

By | June 15, 2018

The growth rate of retail sales in the UK accelerated from 1.4% to 3.9% with a forecast of 2.4%. But the pound was still losing its positions quickly, for which it had to say a special thanks to Mario Draghi, who provoked a panic collapse of the single European currency, and it already dragged the pound along with the dollar index. The main issue that everyone asked the ECB’s board before the meeting was the fate of the quantitative easing program. Many feared that it could be extended, but almost everyone was sure that no concrete steps would follow after yesterday’s meeting, as, according to preliminary data, inflation in Europe began to grow rapidly. However, the decision of the ECB was a complete surprise, and most importantly – confirmed all the fears: as planned earlier, until September, the quantitative easing program will be 30 billion euros a month. but after September, instead of its curtailment, it will operate until December, however, in the amount of 15 billion euros a month. So, yes, the ECB has extended the program of quantitative easing. Given the fact that this is not the first extension of the quantitative easing program, no one can guarantee that it will not be renewed.

In fairness, it should be noted that even without the decision of the ECB to extend the quantitative easing program, the dollar had grounds for growth. The fact is that the growth rates of retail sales did not slow from 4.8% to 4.4%, but accelerated to 5.9%. Also, the number of applications for unemployment benefits fell by 53 thousand.

Today in the UK did not publish any macroeconomic data, but in the US there are data scheduled to be released, and they will be more likely to be negative. The fact is that industrial production is projected to slow down from 3.5% to 2.7% with an increase in capacity utilization from 78.0% to 78.1%. This indicates that the American industry is not in a good state, since it indicates that the depreciation of fixed assets in the United States is high. Moreover, after such a significant drop in the pound, any bad news from the US will be perceived as an excuse for a rebound.

The pound has a good chance to grow to 1.3300.

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

Jonathon Alexander

Wave analysis of GBP/USD for June 15. Correction structure can take a shortened kind

By | June 15, 2018

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Analysis of wave counting:

During the trades on June 14, the GBP/USD pair lost about 200 bp, however remained within the structure of the proposed wave b, in 2. The break of the May 29 low is likely to imply a resumption of the building of the downward trend area with the very first targets about 1.3045. At the same time, wave 2, in a can take the form of among the correctional triangles, which will permit to expect the building of its internal wave s with the targets located near the approximated mark 1.3651.

Targets for purchasing:1.3478 – 23.6% by Fibonacci

1.3528 – 127.2% by Fibonacci of the highest order

1.3651 – 38.2% by Fibonacci

Targets for offering:1.3045 – 200.0% by Fibonacci of the greatest order

General conclusions and trading recommendations:

The presumed wave 2, however, can take a more intricate kind. An effective effort to breakdown 32 figures can confirm the transition of the instrument to the building of the supposed wave 3, at a with the targets being around 1.3045, which is comparable to 200.0% Fibonacci. At the same time, there are still some possibilities to develop a wave c, in 2 with the exit of quotations to 1.3651. Trade needs to now be conducted thoroughly, as there are 2 practically comparable alternatives for the advancement of events.The material has actually been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Wave analysis of EUR/USD for June 15. The ECB has actually done whatever to make the euro fall under the void

By | June 15, 2018

< img width =" 450" src=" http://qkfx.com/wp-content/uploads/2018/06/wave-analysis-of-eur-usd-for-june-15-the-ecb-has-done-everything-to-make-the-euro-fall-into-the-abyss.png" alt=" analytics5b236b130431c.png"/ > Analysis of wave counting: As an outcome of the previous day, the EUR/USD pair lost nearly 300 bp from the high of the day, after the ECB announced the extension of the program of buying up properties prior to completion of this year. The set carried out a point shot at the level of 1,1837, therefore completing the building of the expected wave 5, at 1, at 1. The breakdown of the minimum of May 29 will lead to the have to fine-tune the whole wave of markup and will suggest an issue of the internal wave structure of the descending section of the trend originating still on March 27th. Little chances of resuming the construction of an upward pattern sector are still available if the proposed wave 2 finishes its building and construction in the next couple of hours.Targets for offering

:1.1439-323.6% by Fibonacci of the

greatest order 1.1121 -423.6%by Fibonacci of the greatest order Targets for purchasing:1.1958 -161.8%by Fibonacci of the greatest order 1.2070-127.2 %by Fibonacci of

the greatest order General conclusions and trading recommendations: The EUR/USD currency pair has actually finished the building and construction

of wave 5, at 1, at 1 and, most likely, is close to the conclusion of corrective wave 2. The increase in quotes will resume if this is the case. At the same time, the breakdown of the mark of 1.1510 will result in the complication of the downward trend section. It is advised to resume offering the set with targets near the estimated marks of 1.1439 and 1.1121, which corresponds to 323.6%and 423.6 %of Fibonacci.The material has actually been offered by InstaForex Company- www.instaforex.com

Jonathon Alexander

The factors for the collapse of the euro

By | June 15, 2018

The softer than anticipated declarations of European Central Bank President Mario Draghi hurt the purchasers of the European currency, who were relying on the formation of a new upward medium-term trend.As you can see from the other day’s report, the ECB does not seek to tighten up the policy, and even more so a greater rate of the European currency, which could

hurt the healing of the eurozone economy after the devastating 1st quarter of this year.Yesterday the Governing Council decided to keep the deposit rate at an unfavorable level of -0.4%until the summertime of 2019, which was obviously a surprise for traders and investors who anticipate an earlier tightening up of monetary policy after the conclusion of the property purchase program in December this year. Let me advise you that the ECB will continue to perform net purchases under the asset bought program for 30 billion euros a month up until completion of September this year. After September, net purchases

of assets will be minimized to EUR15 billion by the end of December 2018. By early January 2019, it is planned to fully complete the asset buy-back program.The ECB also aims to avoid unwanted tightening of monetary conditions, so as not to damage the economy. This is likewise reflected in the revision of forecasts for GDP growth.Judging by the report of the ECB financial experts, the forecast for GDP development for 2018 was modified to 2.1%

from 2.4 %. The expectations of economic development for 2019 and 2020 stayed the same. This recommends that the first quarter of this year, which was a failure, had just a short-lived pressure on

the economy.As for inflation, which the European regulator fret about, ECB economic experts have actually raised their forecasts for this year to 1.7%versus 1.4%. Likewise, projections were raised for 2019. The modification was because of the current increase in oil prices.Despite all the statements in favor of altering the course of financial policy in the foreseeable future, the president of the ECB focused on trade relations, which bring a variety of risks because of the policy of US President Donald Trump.Draghi likewise made it clear that if necessary, the incentive program will be resumed at any time.As for the technical photo of the EURUSD pair, the sharp collapse of the euro led to the demolition of a variety of major assistance levels. The stop has actually up until now taken place in the location of support 1.1560. The break and debt consolidation below this range opens brand-new month-to-month lows around 1.1490 and 1.1410. It will be limited to the nearby resistance in the area of 1.1610 and 1.1650 if we talk about the short-term upward correction of the euro. The product has been provided by InstaForex Business-www.instaforex.com

Jonathon Alexander

Trading prepare for the European session on June 15 for the EUR/USD

By | June 15, 2018

To open long positions on EURUSD it is needed: The collapse of the euro caused a test of crucial support levels. Purchasers, a minimum of to stop the down pattern, it is required to go back to the resistance level 1.1574 in the early morning, which can trigger an upward correction in the location 1.1607 and 1.1644, where it is suggested recording profits. In the event of an additional decline in the euro, just an incorrect breakdown on the assistance of 1.1533 will stop the downward pattern. Otherwise, you can purchase on a rebound from 1.1482.

To open short positions on EURUSD it is needed:

While the trade is below resistance 1.1574, the pressure on the euro will continue, which will cause new lows in the area of 1.1533 and 1.1482, where today it is advised tape-recording profits. In the case of growth above 1.1574 in the morning, EUR/USD selling can be seen in the location of 1.1607 and 1.1644.

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Description of indications

  • MA (moving average) 50 days – yellow
  • MA (moving average) Thirty Days – green
  • MACD: quick EMA 12, sluggish EMA 26, SMA 9
  • Bollinger Bands 20

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

Jonathon Alexander

Trading plan for the European session on June 15 for the GBP/USD

By | June 15, 2018

To open long positions on GBP/USD it is required: Purchasers of the pound will reveal themselves in the area of support for 1.3228, but to open long positions immediately on the rebound is best in the area of 1.3202. The main goal for the very first half of the day will be the return and repairing on the resistance of 1.3258, which will lead to a little upward correction of 1.3289 and 1.3315.

To open brief positions on GBP/USD it is required:

Vendors will attempt to acquire a grip below the support of 1.3228, which will cause the development of a brand-new downward wave in the area of 1.3202 and 1.3146, where it is suggested taping revenues. When it comes to growth at 1.3258 resistance in the first half of the day, selling of the pound can be resumed on a rebound from 1.3289 and 1.3315.

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Description of indicators

  • MA (moving average) 50 days – yellow
  • MA (moving average) Thirty Days – green
  • MACD: fast EMA 12, sluggish EMA 26, SMA 9
  • Bollinger Bands 20

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

Jonathon Alexander

Elliott wave analysis of EUR/NZD for June 15, 2018 888011000 110888 EUR/NZD has actually made a new low because the 1.7294 peak and this now seriously concerns our former count. The other day’s break to brand-new lows does open the possibility of an alternate count. This count requires more drawback closer to 1.6416 and perhaps even a decline to 1.6338 if the former low at 1.6517 is broken.Only a direct break back above resistance at 1.6703 will alleviate the drawback pressure and more significantly, a break above resistance at 1.6842 will restore the bullish outlook, calling foran extension greater to 1.7294en route higher to 1.8437. R3: 1.6789R2: 1.6703R1: 1.6653 Pivot: 1.6617 S1: 1.6566 S2: 1.6517 S3: 1.6459 Trading recommendation: Our stop at 1.6685 was hit for a loss of 80 pips. We will stay sidelined for now. The product has actually been offered by InstaForex Business-www.instaforex.com

By | June 15, 2018

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EUR/NZD has made a new low since the 1.7294 peak and this now seriously questions our former count. Yesterday’s break to new lows does open the possibility of an alternate count. This count calls for more downside closer to 1.6416 and maybe even a decline to 1.6338 if the former low at 1.6517 is broken.

Only a direct break back above resistance at 1.6703 will ease the downside pressure and more importantly, a break above resistance at 1.6842 will reinstate the bullish outlook, calling for a continuation higher to 1.7294 on the way higher to 1.8437.

R3: 1.6789

R2: 1.6703

R1: 1.6653

Pivot: 1.6617

S1: 1.6566

S2: 1.6517

S3: 1.6459

Trading recommendation:

Our stop at 1.6685 was hit for a loss of 80 pips. We will stay sidelined for now.

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

Jonathon Alexander