UK Q2 Growth Doubles On Services, Construction

By | August 10, 2018

UK economic growth doubled in the second quarter driven by stronger growth in both services and construction sectors, the initial quarterly estimate from the Office for National Statistics showed Friday. Gross domestic product rose 0.4 percent, faster than the 0.2 percent expansion seen in the first quarter. This was also in line with the Bank of England estimate.

On a yearly basis, GDP advanced 1.3 percent versus 1.2 percent growth seen a quarter ago.

“The economy picked up a little in the second quarter with both retail sales and construction helped by the good weather and rebounding from the effects of the snow earlier in the year,” Head of National Accounts at ONS, Rob-Kent Smith, said.

The dominant services output expanded 0.5 percent and construction logged a quarterly growth of 0.9 percent. These increases helped to offset a 0.8 percent fall in production.

On the expenditure-side, growth in household consumption strengthened slightly to 0.3 percent, while government spending growth held steady at 0.4 percent. Driven by rise in business investment, gross fixed capital formation climbed 0.8 percent.

The trade deficit widened by GBP 4.7 billion to 0.9 percent of GDP, compared with 0.7 percent in the previous quarter. This reflected a 2 percent fall in the value of exports and a 1 percent rise in the value of imports.

According to the monthly GDP estimate, the economy grew only 0.1 percent in June, slower than the 0.3 percent rise seen in May.

In June, the index of services remained flat in June, while farm output contracted 0.2 percent. At the same time, growth in construction came in at 1.4 percent, but slower than the 2.9 percent increase in May.

Industrial production climbed 0.4 percent month-on-month, reversing a 0.2 percent fall in May. This was the first increase in four months and above the expected growth of 0.3 percent.

On the other hand, manufacturing rose at a slower pace of 0.4 percent after gaining 0.6 percent in May. Economists had forecast a 0.3 percent rise for June.

On a yearly basis, growth in industrial output slowed slightly to 1.1 percent from 1.2 percent in May. At the same time, manufacturing output growth held steady at 1.5 percent.

Economists had forecast industrial output to climb 0.7 percent and manufacturing to rise 1 percent in June.

In June, the visible trade deficit narrowed to GBP 11.38 billion from GBP 12.53 billion in May, a separate report from ONS showed. At the same time, the surplus on services increased to GBP 9.52 billion from GBP 9.38 billion.

As a result, the total trade deficit shrank to GBP 1.86 billion from GBP 3.14 billion in May.

The material has been provided by InstaForex Company –

Jonathon Alexander

GBP/ USD. 10th of August. The results of the week. What can stop the fall of the British currency?

By | August 10, 2018

4-hour timeframe< img width="450"src=""alt="analytics5b6d552428610.png"/ > Amplitude of the last 5 days(high-low): 68p-93p-50p-106p-92p. The typical amplitude for the last 5 days is 82n(

86p). If the European currency at the start of the week slightly adjusted

, the pound sterling fell down the entire trading week.

The opportunity for the pound sterling was macroeconomic reports, which came out actually half an hour back. As we can see now, they did not have a significant effect on the state of mind of traders. The preliminary worth of GDP for the second quarter was 1.3%, and UK industrial production grew by 0.4% in monthly terms. Both signs completely coincided with the projection values. Hence, the last opportunity for the British currency this week will be the publication of inflation in the United States. Frankly, there is very little hope for this report either. First, in order to trigger profit-taking on dollar positions, it is essential for the report to fail. Even if the very first condition is met, it is not a fact that traders will react to it. Thus, probably, the pound sterling will remain in the downward motion until next week. And next week will be published changes in retail trade and inflation, which are very important indicators of the state of the economy and can affect the pound sterling. Much more crucial will be the brand-new performances of Donald Trump relating to trade constraints for United States partners and the promotion(or do not have thereof )in negotiations with the EU on Brexit.Trading recommendations: The GBP/ USD currency set has actually nearly finished the support level of 1.2730. Around this level or 1.2696, a turnaround might happen, however there are no basic factors

for this yet. Therefore, preferably

, upon reaching these marks, you can record profits on brief positions.Long positions are now not advised, since the downward motion is quite strong, and there are still no indications of an upward correction beginning.In addition to the technical picture, one should also take into consideration the fundamental data and the time of their release.Explanations to the illustration: Ichimoku Indication: Tenkan-sen is a red line.Kijun-sen is a blue line.Senkou Span A is a light brown dotted line.Senkou Span B-a light purple

dotted line.Chinkou Span is a green line.Bollinger Bands Indication:3 yellow lines.MACD indicator: Red line and histogram with white bars in the indication window.The product has been provided by InstaForex Business

Jonathon Alexander

U.S. Consumer Rates Rise In Line With Quotes In July

By | August 10, 2018

Customer rates in the United States showed a modest boost in the month of July, inning accordance with a report launched by the Labor Department on Friday.

The Labor Department said its consumer rate index rose by 0.2 percent in July after inching up by 0.1 percent in June. The boost in prices matched economist price quotes.

Leaving out food and energy rates, the core customer price index likewise edged up by 0.2 percent in July, matching the increases seen in the 2 previous months along with expectations.

The product has actually been supplied by InstaForex Business –

Jonathon Alexander

Norway Inflation Accelerates For Second Month

By | August 10, 2018

Norway’s consumer cost inflation sped up for the second straight month in July, figures from Stats Norway showed Friday.

Consumer costs climbed 3.0 percent year-over-year in July, faster than the 2.6 percent rise in June. Financial experts had actually expected the inflation to stay steady at 2.6 percent.

This was the highest inflation because December 2016, when prices had grown 3.5 percent.

Energy costs grew 6.4 percent each year in June and transport charges rose by 3.6 percent.

On a regular monthly basis, customer costs increased 0.7 percent in July versus the anticipated increase of 0.3 percent.

Another report from the statistical workplace showed that producer rate inflation quickened to 22.6 percent in July from 20.0 percent in June. Month-to-month, producer prices increased 1.1 percent.

The product has been supplied by InstaForex Company –

Jonathon Alexander

Loonie Climbs After Canada Jobs Data

By | August 10, 2018

Canada tasks information for July has been released at 8:30 am ET Friday.

After the information, the loonie advanced against its significant rivals.

The loonie was trading at 84.82 versus the yen, 1.3083 versus the greenback, 1.4981 against the euro and 0.9559 versus the aussie around 8:34 am ET.

The product has been supplied by InstaForex Company –

Jonathon Alexander

Dollar Somewhat Up Following U.S. CPI

By | August 10, 2018

The United States consumer price index for July has been provided at 8.30 am ET Friday.

After the data, the greenback rose somewhat against its major equivalents.

The greenback was trading at 110.91 versus the yen, 1.2757 versus the pound, 1.1452 against the euro and 0.9942 against the franc around 8:32 am ET.

The product has actually been provided by InstaForex Business –

Jonathon Alexander

Loonie Steady Ahead Of Canada Jobs Data

By | August 10, 2018

Canada jobs data for July is due at 8:30 am ET Friday.

Ahead of the data, the loonie held steady against its major rivals.

The loonie was worth 84.73 against the yen, 1.3085 against the greenback, 1.4995 against the euro and 0.9569 against the aussie as of 8:25 am ET.

The material has been provided by InstaForex Company –

Jonathon Alexander

The everyday review of the GBP/ USD as of August 10, 2018. Ichimoku Indication

By | August 10, 2018

< img width ="450"src=""alt= "analytics5b6d60ca26727.jpg"/ > GBP/ USD Bears are close to the breakdown of the next assistance zone. Exactly what’s next? Getting rid of the present assistance and safe protecting below reveals relatively long horizons before the gamers to come down, a downward target for the breakdown of the weekly cloud (1.2302 – 1.2027) and an upgrade of the January-March minimum (1.1986 ). There is something to try for now.


The advantages are now on the side of the gamers to downgrade. At the moment, there is a braking and corrective lift. The nearby resistance is 1.2786 (Tenkan N4), additional 1.2820 (Tenkan N4 + Kijun N1 + historical level) and 1,2900 (Fibo Kijun N4 + cloud N1 + month-to-month Fibo Kijun). Today, we close the week, because, how deep the upsurge will be, the preferences and prospects of the next week depend.Indicator parameters:

Perpetuity intervals 9-26-

52 The color of indication lines: Tenkan

(short-term pattern)-red, Kijun (medium-term pattern) – green, Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B(

SSB, long-lasting pattern)-blue,

Senkou Span A (SSA) – pink.The color

of additional lines:

Assistance and resistance MN – blue, W1 – green, D1 – red, H4 – pink, H1 – gray,

Horizontal levels (not Ichimoku) – brown,

Pattern lines – purple.The material has actually been supplied by InstaForex Business –

Jonathon Alexander