Technical analysis of USD/CHF for July 25, 2017 888011000 110888 USD/CHF is expected to trade with a bullish outlook. The set published a rebound and broke above its 20-period and 50-period moving averages. The relative strength index is supported by a bullish trend line given that 24 July and reveals upside momentum. To summarize, as long as 0.9440 hangs on the disadvantage, expect a continuation of rebound to 0.9520 as well as to 0.9540 in extension. Chart Description: The black line shows the pivot point; today cost above pivot point suggests the bullish position and below pivot points shows the brief position. The red lines show the support levels andthe green line shows the resistance levels. These levels can be utilized to enter and exit trades.Strategy: PURCHASE, Stop Loss: 0.9440, Take Profit: 0.9520 Resistance levels: 0.9520, 0.9540, and 0.9565 Support levels: 0.940, 0.9375, and 0.9335 The material has been provided by InstaForex Company-www.instaforex.com

By | July 25, 2017

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USD/CHF is expected to trade with a bullish outlook. The pair posted a rebound and broke above its 20-period and 50-period moving averages. The relative strength index is supported by a bullish trend line since 24 July and shows upside momentum.

To sum up, as long as 0.9440 holds on the downside, expect a continuation of rebound to 0.9520 and even to 0.9540 in extension.

Chart Explanation: The black line shows the pivot point; the present price above pivot point indicates the bullish position and below pivot points indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: BUY, Stop Loss: 0.9440, Take Profit: 0.9520

Resistance levels: 0.9520, 0.9540, and 0.9565

Support levels: 0.940, 0.9375, and 0.9335

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

Jonathon Alexander

Technical analysis of GBP/JPY for July 25, 2017 888011000 110888 GBP/JPY is anticipated to sell a greater variety. The pair is rebounding and is trading above the increasing 20-period moving average, which is playing an assistance role. In addition, the 20-period moving average simply crossed above the 50-period one, which is a positive signal. It is still supported by a rising 50-period moving average. An assistance base at 144.45 has actually formed and has allowed for a temporary stabilization. To sum up, as long as this crucial level is not broken, search for an additional advantage to 146.30 and even to 146.90 in extension.Alternatively, if the price moves in the opposite direction as forecasted, a brief position is recommended listed below 144.45 with the target at 141.00. Strategy: BUY, Stop Loss: 144.45, Take Revenue: 14.55. Chart Description: the black line reveals the pivot point. The rate above pivot point indicates the bullish position when it is below pivot points, it shows a short position. The red lines show the assistance levels and the green lineindicates the resistance levels. These levels canbe utilized to enter and exit trades.Resistance levels: 146.30, 146.90, and 147.60 Support levels: 144.00, 143.55, and 143.00. The material has actually been supplied by InstaForex Company-www.instaforex.com

By | July 25, 2017

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GBP/JPY is expected to trade in a higher range. The pair is rebounding and is trading above the rising 20-period moving average, which is playing a support role. In addition, the 20-period moving average just crossed above the 50-period one, which is a positive signal. It is still supported by a rising 50-period moving average.

A support base at 144.45 has formed and has allowed for a temporary stabilization. To sum up, as long as this key level is not broken, look for a further upside to 146.30 and even to 146.90 in extension.

Alternatively, if the price moves in the opposite direction as predicted, a short position is recommended below 144.45 with the target at 141.00.

Strategy: BUY, Stop Loss: 144.45, Take Profit: 14.55.

Chart Explanation: the black line shows the pivot point. The price above pivot point indicates the bullish position and when it is below pivot points, it indicates a short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 146.30, 146.90, and 147.60

Support levels: 144.00, 143.55, and 143.00.

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

Jonathon Alexander

Euro Little Changed After German Ifo Business Confidence Index

By | July 25, 2017

At 4:00 am ET Tuesday, Germany’s Ifo business confidence index for July was released.

After the data, the euro changed little against its major rivals.

As of 4:01 am ET, the euro was trading at 0.8950 against the pound, 1.1037 against the Swiss franc, 1.1663 against the U.S. dollar and 129.72 against the yen.

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

Jonathon Alexander

The Aussie left to the favorites

By | July 25, 2017

Because the start of the year, the Australian dollar has gotten more than 10%relative to the U.S. dollar and is defending first place with the euro on the list of the G10 best entertainers. Firmly high appetite for danger, low volatility in monetary markets, increased activity of carry traders, healing of iron ore prices, enhanced data of the Green Continent and greater possibility that the RBA tightens up monetary policy are the main chauffeurs for enhancing the “Aussie”. The Reserve Bank does not like the conditioning of the Australian currency.

Over the previous number of weeks, the AUD/USD pair has actually increased by 4% amid the hawkish notes of the protocol of the last RBA meeting, China’s GDP and the Australian labor market’s strong data. A big role in the acceleration of the upward pattern was played by political scandals surrounding Donald Trump and the Fed’s determination to alter the previously prepared path of hiking the rate for federal funds. At the very same time, according to Credit Agricole, the global hunger for danger will remain stable as long as the Federal Reserve follows the practice of dependence of its decision on incoming information on the United States economy. This would be possible just if United States information continues to dissatisfy, then the opportunities for a monetary tightening up will be transferred to 2018 and the AUD/USD set will continue the rally. Furthermore, the possibility of a walking in the cash-rate from the existing 1.5% is gradually increasing.

The characteristics of the probability of tightening up monetary policy of the RBA

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Source: Bloomberg. Improving the external background and health of the Australian economy suggests the need to finish the cycle of financial relieving, which began in 2011. At that time, the primary interest rate was at the level of 3.25%. Inning accordance with HSBC, enhancing the “Aussie” by 5% is equivalent to a cash-rate rise of 25 basis points. At the exact same time, considering that the start of May, the trade-weighted rate of the Australian dollar firmed by 6%.

Characteristics of cash-rate and the Australian dollar rate

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Source: Bloomberg. A number of banks warned that the “Aussie” was vulnerable to modification in the conditions of the RBA’s growing discontent with the nationwide currency and the inflated positioning in the futures market. The AUD/USD pair reacted sensitively to the verbal intervention of Man Debelle, the deputy head of the Reserve Bank. He noted that the Aussie’s high rate makes complex the reorientation of the economy from mining to services. Talking about the equilibrium rates of interest does not suggest that the RBA is going to raise it. Simply, GDP is moving slightly lower than it was in the 1990s.

Essential elements for the medium-term potential customers of the AUD/USD are information releases on Australian inflation, United States GDP for the 2nd quarter and the outcomes of the FOMC meeting. CPI will likely decrease, however, correction would most likely be utilized for buying the “Aussie”.

Technically, the application of the inverted “Splash and Rack” pattern with the exit of costs outside the long-lasting consolidation series of 0.716-0.776 raises the dangers of the uptrend advancement in the direction of the target by 127.2% on the “Perfect Butterfly” pattern.

AUD/USD, daily chart

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

Jonathon Alexander

Elliott Wave Ananlysis of EUR/NZD for July 25, 2017 888011000 110888 < imgwidth=”450″src=”http://qkfx.com/wp-content/uploads/2017/07/elliott-wave-ananlysis-of-eurnzd-for-july-25-2017.png”alt=”analytics5976dfc1333df.png “/ > Wave summary: The range-trading continues here. We continue to look for a break above small resistance at 1.5780 and more importantly a break above resistance at 1.5899 that verifies extension higher to 1.6236 and above. Only an unexpected break below 1.5419 will delay the expected rally higher.Trading suggestion: We are long EUR from 1.5510 with stop positioned at 1.5410. If you are not long EUR yet, then buy a break above 1.5780 and utilize the exact same stop. The material has been supplied by InstaForex Company-www.instaforex.com

By | July 25, 2017

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Wave summary:

The range-trading continues here. We continue to look for a break above minor resistance at 1.5780 and more importantly a break above resistance at 1.5899 that confirms continuation higher to 1.6236 and above.

Only an unexpected break below 1.5419 will delay the expected rally higher.

Trading recommendation:

We are long EUR from 1.5510 with stop placed at 1.5410. If you are not long EUR yet, then buy a break above 1.5780 and use the same stop.

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

Jonathon Alexander

Elliott Wave Ananlysis of EUR/JPY for July 25, 2017 888011000 110888 Wave summary: As long as small resistance at 129.70 is able to cap the benefit, we will continue to look for a deeper decrease in wave c of iv better to 127.22. When this target has been evaluated orupon a direct break above minor resistance at 129.70 the last rally greater to 133.46 ought to be seen to finish the rally from 115.09. Trading suggestion: We are short EUR from 129.88 and will move our stop +reverse lower to 129.75. Take-profit+reverse will be positioned at 127.50. The material has actually been offered by InstaForex Company-www.instaforex.com

By | July 25, 2017

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Wave summary:

As long as minor resistance at 129.70 is able to cap the upside, we will continue to look for a deeper decline in wave c of iv closer to 127.22. Once this target has been tested or upon a direct break above minor resistance at 129.70 the final rally higher towards 133.46 should be seen to complete the rally from 115.09.

Trading recommendation:

We are short EUR from 129.88 and will move our stop + reverse lower to 129.75. Take-profit + reverse will be placed at 127.50.

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

Jonathon Alexander

COLOMBIA: FARC Will Become Political Celebration From September

By | July 25, 2017

The Revolutionary Army of Colombia (FARC) will end up being a political celebration starting September 1st, inning accordance with a decision taken by the guerrilla’s joint personnel command.

“On September 1 we will be publicly launching our brand-new political movement,” said Juli?n Gallo, alias Carlos Antonio Lozada, member of the FARC joint command, at an interview in Bogot?.

Last year’s peace contract involving guerrillas and the Colombian federal government approved FARC 5 seats in the Senate and 5 in the House of Representatives since the next legislature, which starts a year from now.

Lozada stated that the guerrillas are detailing the standards to form their political celebration and to pick the prospects who will face future elections.

“We have a proposal for a financial design, a gender policy that our party will deploy, propositions we will make to the youth, along with an ecological program, the celebration’s policy towards the city issue and also for the agrarian one,” added Lozada.

He likewise worried that the peace contract ensures the financing of the FARC political movement which it will follow the same guidelines as that of other parties due to the fact that “it is a commitment that the state should meet.”

Lozada announced that from August 27 to 31 FARC leaders would hold a congress to make up the party, choose its name and define its main program.

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

Jonathon Alexander

MEXICO: Economic Activity Annual Growth Slows To 2.2% In May

By | July 24, 2017

The economic activity in Mexico rose 2.2% on year in May, slowing from the 2.9% boost in April, inning accordance with seasonally adjusted data from the country’s stats office.

The deceleration was prompted mainly by lower activity in the main sector of the Mexican economy – farming, for instance – which in May had its smallest annual boost this year, rising just 0.3%.

Commercial activity remained weak, rising 0.1% from a year before – its finest performance in 2017 so far -, while the service sector posted a 3.5% annual boost in activity in May – the second biggest boost this year, after a 4.5% increase in April.

On a monthly comparison, the financial activity in Mexico grew by 0.2 % in Might from April, also in seasonally changed information. The primary sector had a 1.7% reduction, while market and services sector both had boosts in activity – 0.1% and 0.3%, respectively.

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

Jonathon Alexander

U.S. Existing Home Sales Drop More Than Anticipated In June

By | July 24, 2017

With low supply silencing total activity, the National Association of Realtors released a report on Monday showing a bigger than expected drop in existing house sales in the month of June.

NAR said existing home sales dropped by 1.8 percent to a yearly rate of 5.52 million in June from 5.62 million in May. Economic experts had actually expected existing house sales to stop by 1.0 percent.

“Closings were down in the majority of the country last month due to the fact that interested buyers are being tripped up by supply that remains stuck at a meager level and rate development that’s straining their spending plan,” stated NAR chief economist Lawrence Yun.

He included, “The need for purchasing a house is as strong as it has actually been given that before the Great Economic crisis. Listings in the inexpensive rate range continue to be scooped up rapidly, but the serious real estate lacks causing lots of markets are keeping a large segment of potential buyers on the sidelines.”

Total real estate stock at the end of June declined 0.5 percent to 1.96 million existing houses offered for sale, and is now 7.1 percent lower than a year ago and has actually fallen year-over-year for 25 successive months.

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

Jonathon Alexander