USD/JPY analysis for July 20, 2017 888011000 110888 Just recently, the USD/JPY pair has actually been trading upwards. The cost tested the level of 112.41. Inning accordance with the 4H timespan, I found a damaged wedge development in the backgorund and a series of lower highs and lower lows, which is a sign that sellers are in control. Reistance at theprice of 112.30 is on the test. Myguidance is towatch for potential selling opportunities. The downward targets are set at the price of 111.60 and 111.00. Resistance levels: R1: 112.25 R2: 112.40 R3: 112.55 Assistance levels: S1: 111.90 S2: 111.75 S3: 111.60 Trading recommendations for today: watch for possible selling opportunities.The material has actually been provided by InstaForex Company- www.instaforex.com

By | July 20, 2017

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Recently, the USD/JPY pair has been trading upwards. The price tested the level of 112.41. According to the 4H time frame, I found a broken wedge formation in the backgorund and a series of lower highs and lower lows, which is a sign that sellers are in control. Reistance at the price of 112.30 is on the test. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 111.60 and 111.00.

Resistance levels:

R1: 112.25

R2: 112.40

R3: 112.55

Support levels:

S1: 111.90

S2: 111.75

S3: 111.60

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Czech PPI Inflation Eases For 2nd Month

By | July 20, 2017

Czech producer cost inflation reduced for the 2nd straight month in June, figures from the Czech Statistical Office revealed Thursday.

Industrial manufacturer rates climbed at a slower speed of 1.3 percent year-over-year in June, following a 2.3 percent boost in May. The measure has been increasing given that January.

On a month-to-month basis, producer prices dropped 0.7 percent in June.

Throughout the 2nd quarter, manufacturer costs rose 2.3 percent compared to the exact same duration last year, while it dropped 0.2 percent from the previous quarter.

Another report from the analytical office exposed that import rates grew 3.2 percent yearly in May, after a 5.1 percent climb in April.

The export cost index increased 1.0 percent in May from a year earlier, slower than previous month’s 2.3 percent increase.

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

Jonathon Alexander

Pound Rebounds As U.K. Retail Sales Increases More-than-Expected

By | July 20, 2017

The British pound recovered from current highs versus other significant currencies in the early European session on Thursday, after information revealed that U.K. retail sales recovered at a faster than anticipated speed in June.

Information from the Workplace for National Stats revealed that U.K. retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in Might. Sales were forecast to get 0.4 percent.

Leaving out automobile fuel, retail sales climbed 0.9 percent, in contrast to a 1.5 percent reduction in the previous month. Economists had actually anticipated a 0.5 percent increase.

On a yearly basis, retail sales development accelerated to 2.9 percent in June from 0.9 percent a month ago. This was likewise much faster than the expected 2.5 percent.

Sales volume excluding auto fuel improved to 3 percent from 0.6 percent. Sales were anticipated to grow 2.5 percent.

On the other hand, European stock markets traded greater after the Bank of Japan kept its financial stimulus intact and sounded more positive about the economy, however devalued its outlook for inflation. Financiers braced for the European Central Bank’s rate decision and President Mario Draghi’s interview for hints as to whether the central bank will start paring stimulus steps.

In the Asian trading today, the pound held constant against its significant competitors.

In the early European trading, the pound increased to 0.8833 against the euro and 1.2458 versus the Swiss franc, from an early 2-day lows of 0.8866 and 1.2411, respectively. If the pound extends its uptrend, it is likely to discover resistance around 0.87 versus the euro and 1.27 versus the franc.

Versus the yen, the pound advanced to 146.27 from an early low of 145.57. The pound may evaluate resistance around the 148.00 area.

The pound edged up to 1.3017 versus the United States dollar, from an early 6-day low of 1.2972. On the upside, 1.31 is seen as the next resistance level for the pound.

Looking ahead, the European Reserve bank is set to reveal its interest rate decision at 7:45 am ET. The bank is expected to keep its refi rate at zero percent and the deposit rate at -0.4 percent. The announcement will be followed by a press conference at 8:30 am ET.

In the New York session, U.S. weekly unemployed claims for the week ended July 15, U.S. leading indications for June, U.S. Federal Reserve Bank of Philadelphia’s production index for July, and Eurozone customer confidence index for July are slated for release.

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

Jonathon Alexander

Day-to-day analysis of major sets for July 20, 2017 888011000 110888 EUR/USD: Exactly what is occurring on this set can best be referred to as a short-term sale in the context of an uptrend. The bias on the market is bullish and the cost might go upwards from here, reaching the resistance line at 1.1550 (which had actually been formerly gone beyond), and going above it once again to target another resistance line at 1.1600. That target is attainable today. USD/CHF: The USD/CHF has become a bear market. The EMA 11 is listed below the EMA 56, while the Williams’ Portion Range duration 20 remains in the oversold region. There is a clear Bearish Confirmation Pattern in the market, and the assistance levels at 0.9550 and 0.9500 might be reached before the end of the week.< imgwidth=” 450″ src=” http://qkfx.com/wp-content/uploads/2017/07/daily-analysis-of-major-pairs-for-july-20-2017-1.png” alt= “2. png “/ > GBP/USD: The Cable is currently combining– something that could be ended any moment. The predisposition stays bullish unless price loses about 150– 200 pips. Any motion above the circulation territory 1.3100 would, on the contrary, aid restore the bullish self-confidence. Some basic figures are expected today and they can have an impact on the market. USD/JPY: There is a Bearish Verification Pattern in the USD/JPY 4-hour chart. Owing to the weakness of USD, the EMA 11 has crossed the EMA 56 to the drawback. About 230 pips have been given up since recently, and it is expected that the marketplace would continue to go more and more bearish, reaching the demand levels at 112.00, 111.50 and 111.00. EUR/JPY: This is a flat market . The cross has not done anything substantial up until now this week, and it may be OK to keep away till there is a directional movement. There is a supply zone at 130.50 and there is a need zone at 128.00. Either of this need to be breached to the advantage or the disadvantage prior to there can be a directional bias. The product has been offered by InstaForex Business -www.instaforex.com

By | July 20, 2017

EUR/USD: What is happening on this pair can best be described as a short-term sale in the context of an uptrend. The bias on the market is bullish and the price could go upwards from here, reaching the resistance line at 1.1550 (which had been previously exceeded), and going above it once again to target another resistance line at 1.1600. That target is attainable this week.

1500529828_1.png

USD/CHF: The USD/CHF has
become a bear market. The EMA 11 is below the EMA 56, while the Williams’
Percentage Range period 20 is in the oversold region. There is a clear Bearish
Confirmation Pattern in the market, and the support levels at 0.9550 and 0.9500
could be reached before the end of the week.

2.png

GBP/USD: The Cable is currently consolidating – something that could be ended any moment. The bias remains bullish unless price loses about 150 – 200 pips. Any movement above the distribution territory 1.3100 would, on the contrary, help restore the bullish confidence. Some fundamental figures are expected today and they can have an impact on the market.

3.png

USD/JPY: There is a Bearish Confirmation
Pattern in the USD/JPY 4-hour chart. Owing to the weakness of USD, the EMA 11
has crossed the EMA 56 to the downside. About 230 pips have been given up since
last week, and it is expected that the market would continue to go more and
more bearish, reaching the demand levels at 112.00, 111.50 and 111.00.

4.png

EUR/JPY: This is a flat market.
The cross has not done anything significant so far this week, and it may
be OK to stay away until there is a directional movement. There is a supply
zone at 130.50 and there is a demand zone at 128.00. Either of this must be
breached to the upside or the downside before there can be a directional bias.

5.png

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

Jonathon Alexander

Technical analysis of EUR/USD for July 20, 2017 888011000 110888 When the European market opens, some Economic Data will be released, such as Consumer Self-confidence, Spanish 10-y Bond Auction, ECB Interview, Minimum Bid Rate, Current Account, and German PPI m/m. The United States will launch the Economic Data, too, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Production Index, and Joblessness Claims, so, in the middle of the reports, EUR/USD will relocate a medium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1583.Strong Resistance:1.1576.Original Resistance: 1.1565. Inner Offer Location: 1.1554.Target Inner Location: 1.1527. Inner Buy Area: 1.1500.Original Assistance: 1.1489. Strong Assistance: 1.1478. Breakout OFFER Level: 1.1471. Disclaimer: Trading Forex( foreign exchange )on margin carries a high level of risk, and may not appropriate for all investors. The high degree of take advantage of can work against you in addition to for you. Prior to choosing to invest in forex you should thoroughly consider your financial investment goals, level of experience, and danger hunger. The possibility exists that you could sustain a loss of some or all of your initial investment and for that reason you must not invest money that you can not manage to lose. You should know all the dangers connected with forex trading, and consult from an independent monetary advisor if you have any doubts.The product has been offered by InstaForex Company-www.instaforex.com

By | July 20, 2017

EURUSD.jpg

When the European market opens, some Economic Data will be released, such as Consumer Confidence, Spanish 10-y Bond Auction, ECB Press Conference, Minimum Bid Rate, Current Account, and German PPI m/m. The US will release the Economic Data, too, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims, so, amid the reports, EUR/USD will move in a medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1583.

Strong Resistance:1.1576.

Original Resistance: 1.1565.

Inner Sell Area: 1.1554.

Target Inner Area: 1.1527.

Inner Buy Area: 1.1500.

Original Support: 1.1489.

Strong Support: 1.1478.

Breakout SELL Level: 1.1471.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Jonathon Alexander

Technical analysis of USD/JPY for July 20, 2017 888011000 110888 In Asia, Japan will release the BOJ Press Conference, All Industries Activity m/m, BOJ Policy Rate, BOJ Outlook Report, Monetary Policy Statement, and Trade Balance information, and the US will release some Economic Data, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Joblessness Claims. There is a probability the USD/JPY will move with low to medium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.43.Resistance. 2: 112.21. Resistance. 1: 112.01. Support. 1: 111.73. Support. 2: 111.51. Assistance. 3: 111.29. Disclaimer: Trading Forex(forex)on margin brings a high level of danger, and may not appropriate for all investors. The high degree of leverage can work against you in addition to for you. Before choosing to invest in forex you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you might sustain a loss of some or all of your preliminary investment and for that reason you need to not invest loan that you can not pay for to lose. You ought to be aware of all the threats associated with forex trading, and consult from an independent monetary advisor if you have any doubts.The material has actually been offered by InstaForex Business-www.instaforex.com

By | July 20, 2017

USDJPY.jpg

In Asia, Japan will release the BOJ Press Conference, All Industries Activity m/m, BOJ Policy Rate, BOJ Outlook Report, Monetary Policy Statement, and Trade Balance data, and the US will release some Economic Data, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 112.43.

Resistance. 2: 112.21.

Resistance. 1: 112.01.

Support. 1: 111.73.

Support. 2: 111.51.

Support. 3: 111.29.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Jonathon Alexander

Australia Jobless Rate Steady At 5.6% In June

By | July 20, 2017

The unemployment rate in Australia was available in at a seasonally changed 5.6 percent in June, the Australian Bureau of Stats stated on Thursday.

That remained in line with expectations and unchanged from the May reading following an upward revision from 5.5 percent.

The Australian economy added 14,000 tasks in June, shy of expectations for 15,000 following the downwardly modified 38,000 in the previous month (originally 42,000).

The participation rate ticked as much as 65.0, going beyond expectations for 64.9, which would have been unchanged.

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

Jonathon Alexander

Dollar Little Changed Ahead Of Central Bank Announcements

By | July 19, 2017

The dollar is kipping down a blended efficiency against its major competitors Wednesday afternoon, however is little bit altered general. The buck is recovering some ground against its major European rivals after falling to over a 1-year low against the Euro the other day. Investors remain in a cautious state of mind ahead of tomorrow’s statements from both the Bank of Japan and the European Central Bank.

Things were relatively peaceful on the U.S. economic front today. After reporting an unforeseen decline in brand-new property building and construction in the United States in the previous month, the Commerce Department released a report on Wednesday revealing housing starts rebounded by more than expected in the month of June.

The report said real estate starts surged up by 8.3 percent to a yearly rate of 1.215 million in June from the revised Might quote of 1.122 million. Economists had anticipated real estate starts to rise to a rate of 1.155 million from the 1.092 million initially reported for the previous month.

The Commerce Department said structure permits likewise jumped by 7.4 percent to a rate of 1.254 million in June from 1.168 million in May. Structure licenses, an indicator of future real estate demand, had been anticipated to reach a rate of 1.200 million.

European Central Bank President Mario Draghi and his fellow policymakers are set to face a predicament throughout the July rate-setting session as the bank seeks to chart its exit from its enormous stimulus in the middle of a lack of inflationary pressure.

The Governing Council, led by Draghi, is commonly expected to keep all its three rates of interest the same for a l lth consecutive policy session on Thursday, and maintain its property purchases that are set to run till completion of the year.

That said, economic experts widely anticipate Draghi to tread very thoroughly when he speaks in the post-decision interview.

After his comments at a main banking online forum in Sintra, Portugal in late June, fed market expectations of an impending tapering and send yields and the euro soaring, Draghi is set to measure each word he speaks so as to prevent the type of market turbulence called “taper-tantrum.”

The dollar has recuperated to around $1.1515 versus the Euro Wednesday afternoon, after dropping to over a 14-month low of around $1.1585 the other day.

Eurozone building and construction output declined in Might after recuperating in April, information from Eurostat revealed Wednesday. Building output fell 0.7 percent in May from April, when it rose 0.3 percent. Civil engineering moved 0.9 percent and structure construction dropped 0.6 percent in Might.

Eurozone house rate inflation held stable at more-than nine-year high in the three months ended March, information from Eurostat showed Wednesday. Home costs climbed up 4.0 percent year-over-year in the first quarter, the very same rate of boost as in the 4th quarter, which was revised down a little from a 4.1 percent rise reported previously.

The buck has actually increased to around $1.3020 versus the pound sterling this afternoon, after slipping to an early low of $1.3052.

The Japanese federal government maintained its economic view on Wednesday, reiterating that the economy is on a moderate healing.

The government kept its view on personal consumption, company investment, exports, commercial production and business profits. Evaluation of work and consumer costs were likewise kept unchanged.

The greenback fell to a low of Y111.543 against the Japanese Yen Wednesday, however has because rebounded to around Y111.760.

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

Jonathon Alexander

Gold Stops briefly After Recent Wins

By | July 19, 2017

Gold futures barely budged Wednesday as U.S. housing begins rebounded by more than expected in the month of June.

At last check, gold was the same at $1242 an ounce, holding recent gains in peaceful dealing.

The Commerce Department said real estate starts rose up by 8.3 percent to a yearly rate of 1.215 million in June from the revised Might price quote of 1.122 million.

Financial experts had anticipated real estate starts to rise to a rate of 1.155 million from the 1.092 million initially reported for the previous month.

However, homebuilder confidence in the United States unexpectedly declined in the month of July, inning accordance with a report released by the National Association of Home Builders on Tuesday.

The European Central Bank is widely expected to keep all its three rate of interest unchanged for a l lth consecutive policy session on Thursday, and retain its property purchases that are set to run until the end of the year.

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

Jonathon Alexander