Ichimoku sign analysis of gold for October 17, 2017 888011000 110888 Gold rate reversed yesterday and has actually pulled back below $1,300. As we discussed a couple days earlier, the location of $1,305-$1,310 is a crucial resistance location and a pullback from that location to $1,280 was warranted. In Ichimoku cloud terms, this pullback is thought about a purchasing chance. Price is above the 4-hour Kumo. Rate is correcting the recent upward move from$1,260 to$1,306. Price has simply reached the 38%Fibonacci retracement. Cost could reach the Kumo and the 50%retracement before the up trend resumes. On a weekly basis, we see a rejection at the tenkan-sen(Red line indication). For the bullish situation to stay legitimate, we need to see a long lower tail in this week’s candle light and ultimately a break above the weekly tenkan-sen. A weekly close listed below the kijun-sen(yellow line indicator)will be a bearish sign.The product has actually been supplied by InstaForex Company -www.instaforex.com

By | October 17, 2017

Gold price reversed yesterday and has pulled back below $1,300. As we mentioned a couple days ago, the area of $1,305-$1,310 is an important resistance area and a pullback from that area towards $1,280 was justified.

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In Ichimoku cloud terms, this pullback is considered a buying opportunity. Price is above the 4-hour Kumo. Price is correcting the recent upward move from $1,260 to $1,306. Price has just reached the 38% Fibonacci retracement. Price could reach the Kumo and the 50% retracement before the up trend resumes.

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On a weekly basis, we see a rejection at the tenkan-sen (Red line indicator). For the bullish scenario to remain valid, we need to see a long lower tail in this week’s candle and eventually a break above the weekly tenkan-sen. A weekly close below the kijun-sen (yellow line indicator) will be a bearish sign.The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

BRAZIL: Temer-Maia Power Struggle Weighs On Ibovespa

By | October 16, 2017

Ibovespa, the benchmark stock index in Brazil, fell 0.12% Monday, closing at 76,891.84 points, affected by the power battle involving President Michel Temer and Legislature’ speaker, Rodrigo Maia.

The Ibovespa was rising till mid-afternoon, when the exercise of choices on B3 shares started under the bad mood set off by the dripping of a video testimony where Lucio Funaro, a business owner closely linked to Temer, exposes major allegations versus the president.

“At the start of the day, products made the Ibovespa increase, however here the political scene continues to interfere and, even if it is anticipated that the criminal problem against Temer will not move ahead in the House, reports of a power struggle in between Maia and Temer brings doubts,” said Vitor Suzaki, an analyst at Lerosa Investimentos.

In the business field, Amazon’s possible entry into full operation in Brazil weighted on Lojas Americanas’ shares, which fell 3.22%.

“On the opposite end, Credit Suisse’s suggestion on Santander’s documents made the shares increase 3.95%,” said Ari Santos, H. Commcor’s chief running officer.

The locally traded U.S. dollar tracked the worldwide forex market, following reports on Janet Yellen’s follower as head of the United States Federal Reserve Bank. Likewise, the Temer-Maia power battle weighted on the exchange. Provided this, the greenback advanced 0.76%, estimated at R$ 3,174.

For Tuesday, the struggling political landscape must keep the Ibovespa under pressure, Santos and Suzaki concurred.

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

Jonathon Alexander

New Zealand Q3 Inflation Increases 0.5%

By | October 16, 2017

Customer prices in New Zealand advanced 0.5 percent on quarter in the third quarter of 2017, Statistics New Zealand stated on Tuesday.

That surpassed forecasts for a gain of 0.4 percent following the flat reading in the previous three months.

Food rates rose 1.1 percent, affected by higher rates for vegetables (up 6.2 percent).

Housing and household utilities rose 1.0 percent, affected by local authority rates (up 3.5 percent), leasings for real estate (up 0.6 percent), and purchase of new real estate (up 1.1 percent).

Transport rates fell 1.1 percent, with less expensive gas rates (down 1.7 percent), and worldwide airfares (down 5.5 percent).

On a yearly basis, inflation climbed up 1.9 percent – once again topping expectations for 1.8 percent and up from 1.7 percent in the 3 months prior.

Real estate and household utilities increased 3.0 percent, with purchase of new real estate up 5.4 percent, and leasings for real estate up 2.2 percent.

Food rates increased 2.8 percent, with vegetables up 9.0 percent.

Interaction prices reduced 5.3 percent, with telecommunications services down 4.5 percent and equipment down 22 percent.

Rents rose 0.6 percent in Q3 and 2.2 percent in the year. Construction of brand-new houses (excluding land) rose 1.1 percent this quarter and 5.4 percent in the year to September.

Regional authority rates increased 3.5 percent this quarter and 3.7 percent in the year. Residence insurance rose 6.1 percent this quarter and 12 percent in the year. Petrol rates fell 1.7 percent in the September 2017 quarter and increased 4.5 percent in the year.

International air fares fell 5.5 percent this quarter and 2.7 percent in the year to September. Lorry re-licensing costs fell 8.0 percent this quarter and 8.0 percent in the year. Rates for pre-owned motor cars and trucks fell 0.9 percent this quarter and increased 1.8 percent in the year.

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

Jonathon Alexander

BITCOIN Analysis for October 16, 2017 888011000 110888 Bitcoin has actually been rather corrective today showing no directional predisposition after reaching above the $5,500 cost level. After an impulsive bullish move, the restorative sequence is quite, as gotten out of a mature financial instrument. The price is anticipated to continue towards the $6,000 price level in the coming days, however certain retracement is expected to push the price towards the Kumo Cloud before the cost presses higher. There is particular news about Bitcoin approval in numerous companies and places, which has contributed well enough to the current Bitcoin gains by shifting the marketplace sentiment from the Risky instrument to Safe house again. Currently, the price is revealing bullish pressure inside the restorative structure whereas breaking above $5,822 will eliminate possibilities of more retracement towards the Cloud and push the rate higher to the $6,000 rate level. As the rate remains above the $5,500 level, the bullish pressure is expected to be undamaged creating more higher highs in the future. With InstaForex you can earn on cryptocurrency’s movements today. Simply open a deal in your MetaTrader 4. The material has been offered by InstaForex Company- www.instaforex.com

By | October 16, 2017

Bitcoin has been quite corrective today showing no directional bias after reaching above the $5,500 price level. After an impulsive bullish move, the corrective sequence is quite, as expected from a mature financial instrument. The price is expected to proceed towards the $6,000 price level in the coming days, but certain retracement is expected to push the price towards the Kumo Cloud before the price pushes higher. There is certain news about Bitcoin acceptance in various organizations and places, which has contributed well enough to the recent Bitcoin gains by shifting the market sentiment from the Risky instrument to Safe Haven again. Currently, the price is showing bullish pressure inside the corrective structure whereas breaking above $5,822 will eliminate chances of further retracement towards the Cloud and push the price higher towards the $6,000 price level. As the price remains above the $5,500 level, the bullish pressure is expected to be intact creating more higher highs in the future.

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With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader 4.

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

Jonathon Alexander

Fundamental Analysis of USD/JPY for October 16, 2017 888011000 110888 USD/JPY has been quite bearish recently after bouncing off 113.00-40 resistance location. After the dovish FOMC Fulfilling recently and current worse financial reports from the United States, JPY has actually acquired notably against USD just recently. Yellen recently specified that low inflation effected the growth of USD, so December Rate Hike is still quite unsure. On the JPY side, amidst quantitative alleviating the Bank of Japan is looking forward for a weaker JPY compared with USD to support the future trades. Today, Japan’s Modified Industrial Production report was released with a reduced worth of 2.0% which was expected to be the same at 2.1%. Regardless of the worse economic report JPY, strength sustained in the market which indicates that USD is a really weak currency. On the USD side, today Empire State Manufacturing Index report was released with a considerable increase to 30.2 from the previous figure of 24.4 which was anticipated to decrease to 20.3. Despite the positive financial reports, USD could not provide any pressure to press versus JPY today. To sum up, USD is presently weaker in contrast to JPY now which is being reflected in the market. JPY is expected to push the rate lower in the coming days if the US does not create high effect favorable economic report to interfere in the bearish trend.Now let us take a look at the technical chart. The cost is currently living listed below the dynamic level of 20 EMA after being bearish straight for a week. The rate is anticipated to press lower to 110.60 in the coming days before it shows any directional modification of bullish cost action. As the rate stays listed below the 20 EMA and 113.00-40 resistance location with an everyday close, the bearish bias is anticipated to continue further. The material has been offered by InstaForex Company-www.instaforex.com

By | October 16, 2017

USD/JPY has been quite bearish recently after bouncing off 113.00-40 resistance area. After the dovish FOMC Meeting last week and recent worse economic reports from the US, JPY has gained notably against USD recently. Yellen recently stated that low inflation effected the growth of USD, so December Rate Hike is still quite uncertain. On the JPY side, amid quantitative easing the Bank of Japan is looking forward for a weaker JPY compared to USD to support the future trades. Today, Japan’s Revised Industrial Production report was published with a decreased value of 2.0% which was expected to be unchanged at 2.1%. Despite the worse economic report JPY, strength sustained in the market which indicates that USD is a very weak currency. On the USD side, today Empire State Manufacturing Index report was published with a significant increase to 30.2 from the previous figure of 24.4 which was expected to decrease to 20.3. Despite the positive economic reports, USD could not provide any pressure to push against JPY today. To sum up, USD is currently weaker in comparison to JPY now which is being reflected in the market. JPY is expected to push the price lower in the coming days if the US does not come up with high impact positive economic report to interfere in the bearish trend.

Now let us look at the technical chart. The price is currently residing below the dynamic level of 20 EMA after being bearish straight for a week. The price is expected to push lower towards 110.60 in the coming days before it shows any directional change of bullish price action. As the price remains below the 20 EMA and 113.00-40 resistance area with a daily close, the bearish bias 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/USD for October 16, 2017 888011000 110888 After a bullish predisposition, EUR/USD has actually been selling a variety after declining off the 1.1870 resistance area. The USD compromised last week as FOMC cannot supply detailed details and recent financial information from the US was rather frustrating that made the bulls take control of the bears. On the other hand, recently EUR has actually been quite favorable amid economic reports and occasions. The market today was peaceful and extremely slow in the middle of lack of high impact financial events and reports on EUR and USD. Today, German WPI report was released with a boost to 0.6% from the previous value of 0.3% which was expected to be at 0.4% and Trade Balance report was released with a boost to 21.6 B from the previous figure of 17.9 B which was expected to be at 20.3 B. On the USD side, today the Empire State Manufacturing Index report was published with a much better than anticipated figure of 30.2 from the previous figure of 24.4 which was expected to decrease to 20.3. As for the existing situation, both the eurozone and the United States released favorable financial reports today. Importantly, this week the financial calendar is loaded with high impact economic reports on the EUR side like ECB President Draghi’s speech. On the USD side, Building Licenses and Unemployment Claims report are expected to inject an excellent amount of volatility in the market. Such a busy financial calendar is most likely to figure out an additional instructions of this pair.Now let uslook at the technical chart. The rate is presently residing below the dynamic level of 20 EMA and resistance location of 1.1870 which is expected to press the price lower towards 1.1620 support location in the coming days. The cost has already rejected off the level a couple of times prior to pressing the cost lower which indicates the strength of the level is quite good. As the cost stays below the resistance location of 1.1870 the bearish predisposition is expected to continue further. The product has been provided by InstaForex Company-www.instaforex.com

By | October 16, 2017

After a bullish bias, EUR/USD has been trading in a range after rejecting off the 1.1870 resistance area. The USD weakened last week as FOMC failed to provide detailed information and recent economic data from the US was quite disappointing which made the bulls take over the bears. On the other hand, recently EUR has been quite positive amid economic reports and events. The market today was very slow and quiet amid lack of high impact economic events and reports on EUR and USD. Today, German WPI report was published with an increase to 0.6% from the previous value of 0.3% which was expected to be at 0.4% and Trade Balance report was published with an increase to 21.6B from the previous figure of 17.9B which was expected to be at 20.3B. On the USD side, today the Empire State Manufacturing Index report was published with a better than expected figure of 30.2 from the previous figure of 24.4 which was expected to decrease to 20.3. As for the current scenario, both the eurozone and the US released positive economic reports today. Importantly, this week the economic calendar is packed with high impact economic reports on the EUR side like ECB President Draghi’s speech. On the USD side, Building Permits and Unemployment Claims report are expected to inject a good amount of volatility in the market. Such a busy economic calendar is likely to determine a further direction of this pair.

Now let us look at the technical chart. The price is currently residing below the dynamic level of 20 EMA and resistance area of 1.1870 which is expected to push the price lower towards 1.1620 support area in the coming days. The price has already rejected off the level a few times before pushing the price lower which indicates the strength of the level is quite good. So, as the price remains below the resistance area of 1.1870 the bearish bias is expected to continue further.

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

Jonathon Alexander

Belgium August Trade Deficit Narrows

By | October 16, 2017

Belgium’s merchandise trade deficit for August narrowed from a year ago with exports growth surpassing the rise in imports, initial data from the National Bank of Belgium revealed Monday.

The trade deficit decreased to EUR 2.3 billion from EUR 2.6 billion in the very same month in 2015. Exports grew 3.3 percent year-on-year and imports rose 1.6 percent.

In July, the trade account revealed a surplus of EUR 0.3 billion versus a deficit of EUR 0.1 billion a year ago. Exports increased 6.4 percent and imports increased 4.1 percent.

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

Jonathon Alexander

Daily analysis of gold for October 16, 2017 888011000 110888 Overview Gold price verified breaching 1,299.20 level after closing last week above it, enhancing the expectations of continuing the bullish pattern on the intraday and short-term basis. The method is open to target 1,321.49 level that represents our next main target, keeping in mind that the EMA50 supports the anticipated rise. Importantly, holding above 1,299.20 represents the very first securing aspect to extension of the recommended favorable circumstance, as breaking it will press the rate to check 1,263.15 area once again before any brand-new effort to rise. The anticipated trading variety for today is between 1,290.00 assistance and 1,321.00 resistance. The material has actually been provided by InstaForex Company-www.instaforex.com

By | October 16, 2017

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Overview

Gold price confirmed breaching 1,299.20 level after closing last week above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis. The way is open to target 1,321.49 level that represents our next main target, noting that the EMA50 supports the expected rise. Importantly, holding above 1,299.20 represents the first protecting factor to continuation of the suggested positive scenario, as breaking it will push the price to test 1,263.15 area again before any new attempt to rise. The expected trading range for today is between 1,290.00 support and 1,321.00 resistance.

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

Jonathon Alexander

Daily analysis of silver for October 16, 2017 888011000 110888 Summary Silver price touched 17.43 level and is still steady there. We need to advise you that we are waiting for a break of this level to confirm rallying towards 18.30 that represents our next main target. For that reason, no change to the bullish trend circumstance that depends upon holding above 16.56, as breaking this level represents negative factor that will press the price to decline towards 15.49 before any new attempt to rise. The expected trading range for today is in between 17.20 assistance and 17.50 resistance.The product has been provided by InstaForex Company-www.instaforex.com

By | October 16, 2017

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Overview

Silver price touched 17.43 level and is still stable there. We should remind you that we are waiting for a break of this level to confirm rallying towards 18.30 that represents our next main target. Therefore, no change to the bullish trend scenario that depends on holding above 16.56, as breaking this level represents negative factor that will push the price to decline towards 15.49 before any new attempt to rise. The expected trading range for today is between 17.20 support and 17.50 resistance.

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

Jonathon Alexander