Sweden Retail Sales Grow For Third Month

By | July 28, 2017

Swedish retail sales grew for a third straight month in June, figures from Data Sweden showed Friday.

Retail sales increased a seasonally changed 0.2 percent after a 0.5 percent climb in May. The growth remained in line with economic experts’ expectations.

On a year-on-year basis, sales increased a working-day adjusted 3.5 percent following 2.4 percent development in May. Economists had actually expected 2.9 percent gain.

Sales of consumables grew 1.7 percent every year, while those of durables increased 4.9 percent from a year earlier.

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

Jonathon Alexander

U.S. GDP Growth Accelerates In Line With Price quotes In Q2

By | July 28, 2017

Financial activity in the U.S. increased in line with economist estimates in the second quarter, according to a report launched by the Commerce Department on Friday.

The report said genuine gdp climbed up by 2.6 percent in the 2nd quarter after increasing by a downwardly modified 1.2 percent in the first quarter.

Economic experts had actually anticipated GDP to increase by 2.6 percent in the second quarter compared to the 1.4 percent growth that had actually been reported for the previous quarter.

The Commerce Department said the GDP development in the second quarter showed favorable contributions from customer spending, non-residential fixed investment, exports, and federal government costs.

Customer spending jumped by 2.8 percent in the second quarter compared to the 1.9 percent boost in the very first quarter.

Meanwhile, the increase in GDP was limited by unfavorable contributions from private property fixed financial investment, personal stock investment, and state and city government spending.

Andrew Hunter, U.S. financial expert at Capital Economics, stated, “Looking ahead, the reinforcing labor market must continue to support genuine consumption development, while business surveys stay at a high level and suggest that financial investment will continue to recuperate.”

“Accordingly, we still expect GDP development of 2.5%-3.0% over the rest of this year which, along with the decreasing unemployment rate, should leave the Fed on track to raise rates of interest once more prior to year-end,” he included.

A reading on core customer rates, which leave out food and energy rates, revealed that the pace of price growth slowed to 0.9 percent in the 2nd quarter from 1.8 percent in the very first quarter.

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

Jonathon Alexander

Sweden Q2 GDP Growth Fastest Since 2010 888011000 110888 Sweden’s economic growth rate more-than-doubled in the second quarter to its finest rate given that late 2010 and exceeded economists’ expectations, figures from Statistics Sweden showed Friday. Gdp grew a seasonally changed 1.7 percent from the very first quarter, when the economy broadened 0.4 percent. Financial experts had actually forecast 0.9 percent development. The quarterly development rate was the strongest given that the fourth quarter of 2010, when the economy expanded 1.8 percent. Growth was led by a 1.1 percent increase in family usage and 3.8 percent jump in gross fixed capital development. Imports and exports grew by 0.7 percent each. Changes in inventories added 0.3 percentage indicate the GDP. On a year-on-year basis, GDP grew a working-day adjusted 4 percent in the 2nd quarter after 2.3 percent growth in the first three months of the year. Financial experts had actually anticipated 2.7 percent growth. The annual development rate was the fastest since the 4th quarter of 2015, when the economy grew 4.7 percent. The material has actually been provided by InstaForex Company – www.instaforex.com

By | July 28, 2017

Sweden’s economic growth rate more-than-doubled in the second quarter to its best rate since late 2010 and exceeded economists’ expectations, figures from Statistics Sweden showed Friday.

Gross domestic product grew a seasonally adjusted 1.7 percent from the first quarter, when the economy expanded 0.4 percent. Economists had forecast 0.9 percent growth.

The quarterly growth rate was the strongest since the fourth quarter of 2010, when the economy expanded 1.8 percent.

Growth was led by a 1.1 percent increase in household consumption and 3.8 percent jump in gross fixed capital formation. Exports and imports grew by 0.7 percent each. Changes in inventories added 0.3 percentage points to the GDP.

On a year-on-year basis, GDP grew a working-day adjusted 4 percent in the second quarter after 2.3 percent expansion in the first three months of the year. Economists had expected 2.7 percent growth.

The annual growth rate was the fastest since the fourth quarter of 2015, when the economy grew 4.7 percent.

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

Jonathon Alexander

Loonie Climbs After Canada GDP Data

By | July 28, 2017

After the release of Canada GDP data for May at 8:30 am ET Friday, the loonie climbed versus its major competitors.

The loonie was trading at 1.4639 versus the euro, 88.95 versus the yen, 0.9955 against the aussie and 1.2469 against the greenback around 8:34 am ET.

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

Jonathon Alexander

U.S. GDP Climbs up In Line With Price quotes In Q2

By | July 28, 2017

Economic activity in the United States increased in line with economist estimates in the 2nd quarter, inning accordance with a report released by the Commerce Department on Friday.

The report stated genuine gdp climbed by 2.6 percent in the second quarter after increasing by a downwardly revised 1.2 percent in the first quarter.

Economists had expected GDP to increase by 2.6 percent in the 2nd quarter compared to the 1.4 percent development that had been reported for the previous quarter.

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

Jonathon Alexander

Day-to-day analysis of USD/JPY for July 28, 2017 888011000 110888 Introduction The USD/JPY pair tested the first key resistance at 111.65 and bounced bearishly from there, as the EMA50 fulfilled the pointed out resistance to add more strength to it, which keeps the bearish pattern situation legitimate previously, and the price needs to break 110.98 level to confirm heading to 110.15 as a next primary target. Stochastic offers a negative overlapping signal that supports the anticipated decline, while the bearish predisposition will remain recommended unless breaching 111.65 followed by 112.32 levels and holding above them. The expected trading variety for today is between 110.00 assistance and 111.65 resistance. The material has been offered by InstaForex Company- www.instaforex.com

By | July 28, 2017

USDJPYH4.png

Overview

The USD/JPY pair tested the first key resistance at 111.65 and bounced bearishly from there, as the EMA50 met the mentioned resistance to add more strength to it, which keeps the bearish trend scenario valid until now, and the price needs to break 110.98 level to confirm heading towards 110.15 as a next main target. Stochastic provides a negative overlapping signal that supports the expected decline, while the bearish bias will remain suggested unless breaching 111.65 followed by 112.32 levels and holding above them. The expected trading range for today is between 110.00 support and 111.65 resistance.

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

Jonathon Alexander

Daily analysis of GBP/JPY for July 28, 2017 888011000 110888 Summary The GBP/JPY pair duplicated providing unfavorable close listed below the primary resistance level at 147.60 level, to confirm the dominance of the bearish bias supremacy, by the above image, we notice stochastic attempt to form new bearish wave that breaks the ice towards gathering brand-new negative momentum, which supports the effort of restoring the unfavorable attack, that targets 14.30 level as a very first negative station, then wait until reaching the crucial support at 141.40. Keep in mind that exceeding 144.60 level for today is very important to validate surpassing the sideways variation, to break the ice towards resuming the unfavorable attack and attaining the recommended targets. The expected trading variety for today is in between 147.00 and 143.50. The product has actually been provided by InstaForex Company- www.instaforex.com

By | July 28, 2017

GBPJPYH4.png

Overview

The GBP/JPY pair repeated providing negative close below the main resistance level at 147.60 level, to confirm the domination of the bearish bias domination, by the above image, we notice stochastic attempt to form new bearish wave that opens the way towards gathering new negative momentum, which supports the attempt of renewing the negative attack, that targets 14.30 level as a first negative station, then wait until reaching the critical support at 141.40. Note that surpassing 144.60 level for today is important to confirm surpassing the sideways fluctuation, to open the way towards resuming the negative attack and achieving the suggested targets. The expected trading range for today is between 147.00 and 143.50.

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

Jonathon Alexander

Everyday analysis of Gold for July 28, 2017 888011000 110888 Introduction The Gold price is retesting the formerly breached neck line of the inverted head and shoulders’pattern that appears on the above chart keeping its stability above it, to keep the positive impact of this pattern active, and the cost gets positive support by the EMA50, while stochastic eliminates its unfavorable momentum gradually. Therefore, these elements encourage us to keep our bullish summary in the upcoming sessions, waiting to head towards 1295.37 that represents our next main target, keeping in mind that the extension of the bullish trend depends on holding above 1254.56 and 1244.00 levels. The anticipated trading variety for today is in between 1250.00 support and 1280.00 resistance. The material has been supplied by InstaForex Company-www.instaforex.com

By | July 28, 2017

GOLD-9.17H4.png

Overview

The Gold price is retesting the previously breached neckline of the inverted head and shoulders’ pattern that appears on the above chart keeping its stability above it, to keep the positive effect of this pattern active, and the price gets positive support by the EMA50, while stochastic gets rid of its negative momentum gradually. Therefore, these factors encourage us to keep our bullish overview in the upcoming sessions, waiting to head towards 1295.37 that represents our next main target, noting that the continuation of the bullish trend depends on holding above 1254.56 and 1244.00 levels. The expected trading range for today is between 1250.00 support and 1280.00 resistance.

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

Jonathon Alexander

Day-to-day analysis of Silver for July 28, 2017 888011000 110888 Introduction Silver rate varies around the support base formed above 16.56 level after breaching it previously and keeps its stability above it previously, which keeps the bullish pattern situation legitimate until now, waiting to head to 17.43 that represents the next main target. Therefore, we will continue to recommend the bullish pattern for today unless breaking 16.56 level and holding listed below it, reminding you that breaking this level will press the price to test 15.49 locations once again. The anticipated trading range for today is between 16.45 assistance and 16.80 resistance.The product has actually been provided by InstaForex Business-www.instaforex.com

By | July 28, 2017

SILV-9.17H4.png

Overview

Silver price fluctuates around the support base formed above 16.56 level after breaching it previously and keeps its stability above it until now, which keeps the bullish trend scenario valid until now, waiting to head towards 17.43 that represents the next main target. Therefore, we will continue to suggest the bullish trend for today unless breaking 16.56 level and holding below it, reminding you that breaking this level will push the price to test 15.49 areas again. The expected trading range for today is between 16.45 support and 16.80 resistance.

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

Jonathon Alexander

Intraday technical levels and trading recommendations for EUR/USD for July 28, 2017 888011000 110888 Regular monthly Outlook In January2015, the EUR/USD pair moved listed below the major need levels near 1.2100(several previous bottoms set in July 2012 and June 2010). A long-term bearish target is forecasted toward 0.9450. In March 2015, EUR/USD bears challenged the regular monthly demand level around 1.0500, which had actually been formerly reached in August 1997. In the longer term, the level of 0.9450 remains a predicted target if any month-to-month candlestick attains bearish closure listed below thedepicted monthly need level of 1.0500. The EUR/USD set stays caught within the illustrated combination variety(1.0500-1.1450)up until a breakout in either instructions is confirmed.The existing bullish breakout above 1.1450 permits a quick bullish advance to 1.1710, 1.1850 and 1.2000. Daily Outlook In January 2017, the previous sag reversed when the Head and Shoulders pattern was developed around 1.0500. Ever since, obvious bullish momentum has been expressed on the chart.As expected, the continuous bullish momentum enabled the EUR/USD pair to pursue additional advance to 1.1415-1.1520(Daily Supply-Zone). The everyday supply zone failed to stop briefly the continuous bullish momentum.Rather, a temporary bullish breakout is being seen on the chart.The closest supply level to fulfill the set is located around 1.1720(August 2015 Highest level)where price action need to be looked for a bearish pullback.On the other hand, the rate zone of 1.1410-1.1515 stands as a popular DEMAND zone to be seen if a bearish pullback occurs.The material has actually been supplied by InstaForex Business-www.instaforex.com

By | July 28, 2017

analytics597b2c3ba7be8.png

Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997.

In the longer term, the level of 0.9450 remains a projected target if any monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0500.

The EUR/USD pair remains trapped within the depicted consolidation range (1.0500-1.1450) until a breakout in either direction is confirmed.

The current bullish breakout above 1.1450 allows a quick bullish advance towards 1.1710, 1.1850 and 1.2000.

analytics597b2c552faf4.png

Daily Outlook

In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart.

As anticipated, the ongoing bullish momentum allowed the EUR/USD pair to pursue further advance towards 1.1415-1.1520 (Daily Supply-Zone).

The daily supply zone failed to pause the ongoing bullish momentum. Instead, a temporary bullish breakout is being witnessed on the chart.

The nearest supply level to meet the pair is located around 1.1720 (August 2015 Highest level) where price action should be watched for a bearish pullback.

On the other hand, the price zone of 1.1410-1.1515 stands as a prominent DEMAND zone to be watched if a bearish pullback occurs.

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

Jonathon Alexander