U.S. Homebuilder Confidence Holds Steady In February

By | February 15, 2018

Homebuilder confidence in the U.S. remained at a healthy level in the month of February, according to a report released by the National Association of Home Builders on Thursday.

The report said the NAHB/Wells Fargo Housing Market Index came in at 72 in February, unchanged from January and in line with economist estimates.

NAHB Chairman Randy Noel said, “Builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth.”

“However, they need to manage supply-side construction hurdles, such as shortages of labor and lots and building material price increases,” he added.

The housing market index component charting sales expectations in the next six months rose to 80 in February from 78 in January, reaching a post-recession high.

Meanwhile, the index measuring buyer traffic held steady at 54, and the component gauging current sales conditions edged down to 78 in February from 79 in January.

The Commerce Department is scheduled to release a separate report on Friday on new residential construction in the month of January.

Housing starts are expected to climb to an annual rate of 1.234 million in January after slumping to a rate of 1.192 million in December.

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

Jonathon Alexander

International macro summary for 15/02/2018

By | February 15, 2018

The NY Empire State Production Index, determining activity in the New York area, fell to 13.1 from 17.7 in January, while it was expected to rise to 18. On the other hand, the Fed index from Philadelphia leapt to 25.8 from 22.2 with a projection of 21 6. Maybe the recently’s unexpected drops on Wall Street was more shown in the state of mind among entrepreneurs from the New York location only?In the other news, the number of joblessness claims increased last week by 7,000. up to 230k (limit 228k, formerly 221k). Regardless of the boost, it must be kept in mind that it is still a relatively low level anyway. The PPI number was launched at the expected level of 0.4% after -0.1% slide last month.( PPI steps modifications in the market price manufacturers charge for items and services, and well as tracks how costs feed through the production procedure. The PPI is important as an early indication of inflation)because manufacturers tend to pass on greater expenses to consumers as greater retail rates. It confirms yesterdays better than anticipated CPI information and indicates rising inflationary pressure.Let’s now take

a look at the United States Dollar Index technical image at the H4 amount of time. In basic, this recent information plan is another reason (after claims for benefits) that the USD is being still offered throughout the board. The marketplace is now approaching the technical support at the level of 88.45 after an unsuccessful effort to break through the black channel dynamic resistance around the level of 90.50. The marketplace conditions are oversold and some type of bounce is being anticipated.

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

Jonathon Alexander

BITCOIN Analysis for February 15, 2018 888011000 110888 Bitcoin has been quite spontaneous with bullish swings which has just recently retested the $10,000 price location. As for the recent bullish pressure in the Bitcoin market, the price is expected to push much greater after it clears $10,000 cost location with an everyday close in the coming days. After a lot of regulators trying to regulate bitcoin which led the cost for a drastic fall, the steady bullish gains show getting rid of the challenge with a goal of more bullish gains in the future. As for the present circumstance, the cost is anticipated to continue higher above $10,000 rate location from where the rate is anticipated continue its spontaneous bullish run to $12,000 in the coming days. As the rate remains above $7,500 cost area, the bullish pressure is anticipated to continue even more. The product has actually been provided by InstaForex Business -www.instaforex.com

By | February 15, 2018

Bitcoin has been quite impulsive with bullish swings which has recently retested the $10,000 price area. As for the recent bullish pressure in the Bitcoin market, the price is expected to push much higher after it clears $10,000 price area with a daily close in the coming days. After a lot of regulators trying to regulate bitcoin which led the price for a drastic fall, the stable bullish gains indicate overcoming the obstacle with an objective of further bullish gains in the future. As for the current scenario, the price is expected to proceed higher above $10,000 price area from where the price is expected continue its impulsive bullish run towards $12,000 in the coming days. As the price remains above $7,500 price area, the bullish pressure is expected to continue further.

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

Jonathon Alexander

Fundamental Analysis of EUR/GBP for February 15, 2018 888011000 110888 EUR/GBP has been quite spontaneous with bullish swings, bouncing off the 0.8750 price area inside the unstable corrective variety in between 0.8750 and 0.90. The current favorable economic reports from the eurozone assisted EUR to get momentum versus GBP rather well. The pair is expected to continue its consolidation inside a trading variety up until a breakout from the variety. Today, Italian Trade Balance report was published with a boost to 5.25 B from the previous figure of 4.84 B which was anticipated to be at 4.44 B and the eurozone’s Trade Balance was likewise published with a boost to 23.8 B from the previous figure of 22.0 B which was expected to be at 22.4 B. Regardless of upbeat financial reports, EUR failed to sustain the bullish momentum which was anticipated. Ahead of the UK Retail Sales report which is anticipated to be positive at 0.5%, increasing from the previous negative worth of -1.5%, the market sentiment has currently moving towards the GBP side. Today, the UK does not present economic reports to support it acquires while favorable financial reports from the eurozone suggests the market sentiment favoring GBP ahead of the financial reports. When it comes to the present situation, the restorative indecision is expected to continue in this set up until the rate breaks out of this variety whereas GBP is anticipated to acquire momentum for the coming days over EUR.Now let us take a look at the technical view. The cost is currently holding at the edge of the trend line assistance above 0.8850 area. If the rate breaks listed below 0.8850 which is likewise the trend line support, the price is anticipated to proceed lower to the support area of 0.8700-50. Otherwise, a bounce off the trend line is anticipated to inject bullish pressure in the pair with a target to 0.90. As the price remains inside the variety in between 0.8750 and 0.90, the corrective variety is anticipated to continue. The product has actually been supplied by InstaForex Business- www.instaforex.com

By | February 15, 2018

EUR/GBP has been quite impulsive with bullish swings, bouncing off the 0.8750 price area inside the volatile corrective range between 0.8750 and 0.90. The recent positive economic reports from the eurozone helped EUR to gain momentum against GBP quite well. The pair is expected to continue its consolidation inside a trading range until a breakout from the range. Today, Italian Trade Balance report was published with an increase to 5.25B from the previous figure of 4.84B which was expected to be at 4.44B and the eurozone’s Trade Balance was also published with an increase to 23.8B from the previous figure of 22.0B which was expected to be at 22.4B. Despite upbeat economic reports, EUR failed to sustain the bullish momentum which was expected. Ahead of the UK Retail Sales report which is expected to be positive at 0.5%, increasing from the previous negative value of -1.5%, the market sentiment has already shifting towards the GBP side. Today, the UK does not present economic reports to support it gains while positive economic reports from the eurozone indicates the market sentiment favoring GBP ahead of the economic reports. As for the current scenario, the corrective indecision is expected to continue in this pair until the price breaks out of this range whereas GBP is expected to gain momentum for the coming days over EUR.

Now let us look at the technical view. The price is currently holding at the edge of the trend line support above 0.8850 area. If the price breaks below 0.8850 which is also the trend line support, the price is expected to proceed lower towards the support area of 0.8700-50. Otherwise, a bounce off the trend line is expected to inject bullish pressure in the pair with a target towards 0.90. As the price remains inside the range between 0.8750 and 0.90, the corrective range is expected to continue.

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

Jonathon Alexander

Daily analysis of major sets for February 15, 2018 888011000 110888 EUR/USD: The EUR/USD pair has gotten about 250 pips today … Having checked the resistance line at 1.2500. There has been a minor bearish retracement after the resistance line was tested, however rate would go upwards once again to check the resistance line and breach it to the upside. This would make the market target another resistance line at 1.3000. USD/CHF: The USD/CHF pair has continued its slow and progressive bearish movement, having shed about 120 pips today. Rate is now evaluating the support level at 0.9250 and it would breach it to the drawback, as another need level at 0.9200 is targeted. As long as the EUR/USD pair is strong, USD/CHF would be going bearish. GBP/USD: A. bullish signal has actually been produced on the Cable television, as price went north by 260. pips, after its failure to breach the build-up area at 1.3800. A more. northwards journey can help the market reach the distribution area at 1.4100. Some essential figures are anticipated today and they may have an effect on the. market. USD/JPY: This currency trading instrument has actually been. participated in a smooth, tidy bearish movement for this week. The EMA 11 is above. the EMA 56, and the RSI period 14 is now above the level 50. Because there is a. Bearish Confirmation Pattern in the market , it is expected that price needs to be. able to go listed below the demand level at 106.50, and stay below it. EUR/JPY: The. EUR/JPY cross is a choppy and rough market( though the generalpredisposition remains. bearish). There is a subtle combination to the disadvantage, which might become so. serious, once the demand zone at 131.50 is breached to the drawback. Already,. the bearishness in the market might have become stronger. The material has actually been supplied by InstaForex Business- www.instaforex.com

By | February 15, 2018

EUR/USD: The EUR/USD pair has gained about 250 pips this week… Having tested the
resistance line at 1.2500. There has been a minor bearish retracement after the
resistance line was tested, but price would go upwards again to test the
resistance line and breach it to the upside. This would make the market target
another resistance line at 1.3000.

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USD/CHF: The USD/CHF pair has continued its slow and
gradual bearish movement, having shed about 120 pips this week. Price is now
testing the support level at 0.9250 and it would breach it to the downside, as
another demand level at 0.9200 is targeted. As long as the EUR/USD pair is strong, USD/CHF would be going bearish.

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GBP/USD: A
bullish signal has been generated on the Cable, as price went north by 260
pips, after its failure to breach the accumulation territory at 1.3800. A further
northwards journey can help the market reach the distribution territory at 1.4100.
Some fundamental figures are expected today and they may have an impact on the
market.

3.png

USD/JPY: This currency trading instrument has been
engaged in a smooth, clean bearish movement for this week. The EMA 11 is above
the EMA 56, and the RSI period 14 is now above the level 50. Since there is a
Bearish Confirmation Pattern in the market, it is expected that price should be
able to go below the demand level at 106.50, and remain below it.

4.png

EUR/JPY: The
EUR/JPY cross is a choppy and rough market (though the overall bias remains
bearish). There is a subtle consolidation to the downside, which may become so
serious, once the demand zone at 131.50 is breached to the downside. By then,
the bearishness in the market could have become stronger.

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

Jonathon Alexander

NZD/USD Intraday technical levels and trading suggestions for February 15, 2018 888011000 110888 Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the portrayed chart which showed upcoming bearish reversal.As anticipated, the cost level of 0.7050 stopped workingto use sufficient bullish support for the NZD/USD pair. That’s why, even more bearish decrease was anticipated to 0.6800(Turnaround pattern bearish target ). Apparent indications of bullish recovery was expressed around the portrayed low (0.6780). An inverted Head and Shoulders pattern was expressed around these cost levels.The price zone of 0.7140-0.7250( popular Supply-Zone )failedto stop briefly the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was revealed onJanuary 11. That’s why, the present bullish motion extended to the rate levels of 0.7320 and 0.7390. A fast bullish motion was expected towards the portrayed supply zone(0.7320-0.7390)where evident bearish rejection and a legitimate OFFER entry were expected.On February 2, a bearish engulfing day-to-day candlestick was expressed. This enhances the bearish circumstance initially to the rate levelsof 0.7230 -0.7165 where recent bullish healing was expressed.Bearish fixation below 0.7160 is needed to enable additionalbearish decrease to 0.7090. On the other hand, the price zone(0.7320-0.7390 )remains a substantial supply zone to be expected possible bearish rejection and another OFFER entry. Stop Loss needs to be put above 0.7470. The product has been provided by InstaForex Company- www.instaforex.com

By | February 15, 2018

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Daily Outlook

In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal.

As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target).

Evident signs of bullish recovery was expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels.

The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11.

That’s why, the current bullish movement extended towards the price levels of 0.7320 and 0.7390.

A quick bullish movement was expected towards the depicted supply zone (0.7320-0.7390) where evident bearish rejection and a valid SELL entry were expected.

On February 2, a bearish engulfing daily candlestick was expressed. This enhances the bearish scenario initially towards the price levels of 0.7230 – 0.7165 where recent bullish recovery was expressed.

Bearish fixation below 0.7160 is needed to allow further bearish decline towards 0.7090.

On the other hand, the price zone (0.7320-0.7390) remains a significant supply zone to be watched for possible bearish rejection and another SELL entry. Stop Loss should be placed above 0.7470.

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

Jonathon Alexander

Intraday technical levels and trading suggestions for EUR/USD for February 15, 2018 888011000 110888 Monthly Outlook In January 2015, the EUR/USD pair moved below the significant need levels near 1.2050-1.2100(multiple previous bottoms set in July 2012 and June 2010). For this reason, a long-lasting bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had actually been formerly reached in August 1997. In thelonger term, the level of 0.9450 remains a predicted target if any monthly candlestick attains bearish closure below the portrayed regular monthly demand level of 1.0500. Nevertheless, the EUR/USD set has actually beencaught within the depicted consolidation variety(1.0500-1.1450) till the existing bullish breakout was executed above 1.1450 and recently above 1.2075. Another bullish breakoutabove 1.2250 was expressed on the chart. This prevents the bearish momentum enabling bullish development to take place to 1.2750.Daily Outlook In September, a bearish target for the depicted Head and Shoulders pattern was projected to 1.1350. The market failed to apply substantial bearish pressure against the pointed out zone(1.1415-1.1520). Rather, in November, apparent bullish healing was manifested around the cost zone of 1.1520-1.1415. This prevented even more bearish decline which allowed the current bullish momentum to take place to the rate level of 1.2100 which cannot stop briefly the continuous bullish momentum as well.Daily perseverance above 1.2470-1.2500 is needed to validate a current bullish flag extension pattern with projected targets towards 1.2750. Nevertheless, a current bearish pullbackwas being expressed listed below the cost level of 1.2350. This might extend towards 1.2070 if a bearish breakdown of the level of 1.2200 is attained daily(low probability). The product has been supplied by InstaForex Company-www.instaforex.com

By | February 15, 2018

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Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was 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.

However, the EUR/USD pair has been trapped within the depicted consolidation range (1.0500-1.1450) until the current bullish breakout was executed above 1.1450 and recently above 1.2075.

Another bullish breakout above 1.2250 was expressed on the chart. This hinders the bearish momentum allowing bullish advancement to occur towards 1.2750.

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Daily Outlook

In September, a bearish target for the depicted Head and Shoulders pattern was projected towards 1.1350. However, the market failed to apply significant bearish pressure against the mentioned zone (1.1415-1.1520).

Instead, in November, evident bullish recovery was manifested around the price zone of 1.1520-1.1415.

This hindered further bearish decline which allowed the current bullish momentum to occur towards the price level of 1.2100 which failed to pause the ongoing bullish momentum as well.

Daily persistence above 1.2470-1.2500 is needed to confirm a recent bullish flag continuation pattern with projected targets towards 1.2750.

However, a recent bearish pullback was being expressed below the price level of 1.2350. This may extend towards 1.2070 if a bearish breakdown of the level of 1.2200 is achieved on a daily basis (low probability).

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

Jonathon Alexander

Bitcoin analysis for 15/02/2018

By | February 15, 2018

The seven biggest cryptocurrency business on the planet joined forces to produce CryptoUK, the first of its kind, a trade association whose aim is self-regulation in the British digital currency industry. CryptoUK includes international trading platforms and cryptocurrency services: Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares and CommerceBlock.CryptoUK intends to deal with the UK government to abide by a standard procedure that will assist prevent loan laundering and other illegal activities involving Bitcoin and other cryptocurrencies, and better protect customers. Nevertheless, the group will not handle the guideline of ICO, the area of the cryptocurrency industry, which is widely slammed by regulators around the world.CryptoUK President and Handling Director of eToro, Iqbal Gandham, specified that the new self-regulatory body aims to promote best practices and cooperation with the federal government and regulators, including that the company will become a model for the future regulatory framework. Recently, the head of the American Commodity Futures Trading Commission, Brian Quintenz, recommended that the cryptocurrency community must develop their own regulative system or self-regulatory organization (SRO) to avoid the government’s more difficult hand.Let’s now have a look at the Bitcoin technical photo at the H4 amount of time. The price has actually lastly broken above the local resistance at the level of $9,146 and evaluated the crucial resistance at the level of $9,515. Now the marketplace is just under the weekly pivot resistance at the level of $9,837 and it may want to go higher towards the level of $10,000 and after that $10,999.

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

Jonathon Alexander