Taiwan Jobless Rate Rises Slightly In May

By | June 22, 2017

Taiwan’s joblessness rate increased marginally in May after falling in the previous month, information from the Directorate General of Budget plan Accounting and Data, or DGBAS, revealed Wednesday.

The seasonally changed out of work rate edged up to 3.79 percent in May from 3.78 percent in April.

The number of out of work individuals amounted to 446,000 in May, the same from April. The manpower participation rate likewise stayed steady at 58.82 percent.

On an unadjusted basis, the joblessness rate reduced to 3.66 percent in May from 3.67 percent in the preceding month.

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

Jonathon Alexander

Everyday analysis of significant pairs for June 22, 2017 888011000 110888 EUR/USD: Yesterday, there was an upwards bounce on the EUR/USD, in the context of a sag. The upwards bounce could wind up offering a great short-selling signal as the price is anticipated to go downwards, reaching the assistance lines at 1.1150 and 1.1100. Some fundamental figures are anticipated today and they could have an impact on the marketplace. USD/CHF: The current bullish signal on the USD/CHF is in a precarious situation, owing to the existing bearish correction in the market( which is shallow anyhow ). There remains a possibility of rate reaching the resistance level at 0.9800. The recent bullish predisposition can not be invalidated unless the cost goes listed below the support level at 0.9650. GBP/USD: The bias on the Cable remains bearish, though the price is currently choppy. The build-up territories at 1.2650 and 1.2600 could be evaluated within the next couple of trading days. These accumulation territories were formerly evaluated this week, and they might be re-tested as cost goes south. USD/JPY: The USD/JPY has continued to be fixed lower and this presents hazard to the currently weak bullish bias in the market. The RSI period 14 has gone listed below the level 50. Once the EMA 11 crosses the EMA 56 to the drawback, the outlook on the market would turn basically bearish. That is exactly what is expected for this month.< img width=" 450" src =" http://qkfx.com/wp-content/uploads/2017/06/daily-analysis-of-major-pairs-for-june-22-2017-3.png" alt =" 4. png “/ > EUR/JPY: This cross has not done anything significant today. A movement above the supply zone at 125.00 would result in a clean Bullish Confirmation Pattern, while a movement listed below the need zone at 123.00 would lead to a Bearish Verification Pattern. This is the circumstance that is supposed to happen before the end of this week or early next week. The material has actually been supplied by InstaForex Company- www.instaforex.com

By | June 22, 2017

EUR/USD: Yesterday, there was an upwards bounce on the EUR/USD, in the context of a downtrend. The upwards bounce could end up giving a good short-selling signal as the price is expected to go downwards, reaching the support lines at 1.1150 and 1.1100. Some fundamental figures are expected today and they could have an impact on the market.

1.png

USD/CHF: The recent bullish signal on the USD/CHF is in a precarious situation, owing to the current bearish correction in the market (which is shallow anyway). There remains a possibility of price reaching the resistance level at 0.9800. The recent bullish bias cannot be invalidated unless the price goes below the support level at 0.9650.

2.png

GBP/USD: The bias on the Cable remains bearish, though the price is currently choppy. The accumulation territories at 1.2650 and 1.2600 could be tested within the next few trading days. These accumulation territories were previously tested this week, and they could be re-tested as price goes south.

3.png

USD/JPY: The USD/JPY has
continued to be corrected lower and this poses threat to the already weak
bullish bias in the market. The RSI period 14 has gone below the level 50. Once
the EMA 11 crosses the EMA 56 to the downside, the outlook on the market would
turn essentially bearish. After all, that is what is anticipated for this
month.

4.png

EUR/JPY: This cross has not
done anything significant this week. A movement above the supply zone at 125.00
would result in a clean Bullish Confirmation Pattern, while a movement below
the demand zone at 123.00 would result in a Bearish Confirmation Pattern. This
is the scenario that is supposed to happen before the end of this week or early
next week.

5.png

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

Jonathon Alexander

Technical analysis of EUR/USD for June 22, 2017 888011000 110888 When the European market opens, some Economic Data will be released, such as Customer Confidence, and ECB Economic Bulletin. The United States will release the Economic Data, too, such as Natural Gas Storage, CBLeading Index m/m, HPI m/m, and Unemployment Claims, so, amid the reports, EUR/USD will move in a low to medium volatilitythroughout this day.TODAY’S TECHNICAL LEVEL:Breakout BUY Level: 1.1221.Strong Resistance:1.1215. Initial Resistance: 1.1204. Inner Sell Location: 1.1193.Target Inner Location: 1.1167.Inner Buy Location: 1.1141. Original Support: 1.1130. Strong Assistance: 1.1119. Breakout OFFER Level: 1.1113. Disclaimer: Trading Forex(forex)on margin brings a high level of risk, and might not appropriate for all financiers. The high degree of leverage can work versus you in addition to for you. Prior to deciding to purchase foreign exchange you ought to thoroughly consider your investment goals, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial financial investment and for that reason you ought to not invest loan that you can not afford to lose. You ought to understand all the threats related to forex trading, and consult from an independent monetary consultant if you have any doubts.The material has actually been supplied by InstaForex Business-www.instaforex.com

By | June 22, 2017

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When the European market opens, some Economic Data will be released, such as Consumer Confidence, and ECB Economic Bulletin. The US will release the Economic Data, too, such as Natural Gas Storage, CB Leading Index m/m, HPI m/m, and Unemployment Claims, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1221.

Strong Resistance:1.1215.

Original Resistance: 1.1204.

Inner Sell Area: 1.1193.

Target Inner Area: 1.1167.

Inner Buy Area: 1.1141.

Original Support: 1.1130.

Strong Support: 1.1119.

Breakout SELL Level: 1.1113.

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

RBNZ Maintains Official Cash Rate At 1.75%

By | June 21, 2017

The Reserve Bank of New Zealand on Thursday kept its Authorities Cash Rate unchanged at the record low of 1.75 percent for the fourth straight meeting.

The decision remained in line with expectations following a rate cut in November. Following no move in September, the reserve bank cut its benchmark by 25 basis points in August after holding fire for 3 straight months.

The central bank has actually pared a cumulative 1.50 percent from its criteria in the last 12 months, reducing the rate in 6 of the last 11 conferences after 6 straight sessions with no change.

Macroeconomic indicators in sophisticated economies have been favorable over the previous 2 months, RBNZ Governor Graeme Wheeler noted.

“Nevertheless, significant challenges remain with on-going surplus capability and extensive political unpredictability,” Wheeler stated in a statement accompanying the decision.

He also indicated a boost in worldwide headline inflation, thanks to a bump in commodity prices.

He included that monetary policy is anticipated to stay stimulatory – however included that it might be less so going forward.

“GDP growth in the March quarter was lower than anticipated, with weaker export volumes and property building and construction partly balanced out by more powerful usage. Nevertheless, the growth outlook remains positive,” Wheeler stated.

Domestic inflation has eased rather, helped by a favorable decline in the currency exchange rate.

The bank included that domestic development was somewhat weaker than anticipated, although that circumstance is considered as short-lived – adding that the growth outlook continued to agree with.

“Monetary policy will stay accommodative for a significant period. Various uncertainties stay, especially in regard of the worldwide outlook, and policy might need to change accordingly,” Wheeler stated.

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

Jonathon Alexander

Treasuries Recover From Early Weakness To Close Roughly Flat

By | June 21, 2017

After an early transfer to the disadvantage, treasuries staged a healing during the trading day on Wednesday prior to ending the session roughly flat.

Bond prices lingered near the unchanged line going into the close of trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its rate, inched up by less than a basis point to 2.155 percent.

The preliminary pullback by treasuries came on the heels of the strength seen in the previous session, extending the see-saw pattern seen over the past numerous sessions.

Traders were likewise responding to a report from the National Association of Realtors revealed an unforeseen rebound in existing home sales in the month of May.

NAR stated existing house sales climbed by 1.1 percent to a yearly rate of 5.62 million in Might after tumbling by 2.5 percent to a downwardly revised 5.56 million in April.

The rebound stunned financial experts, who had expected existing house sales to edge down to a yearly rate of 5.55 million in May from the 5.57 million initially reported for the previous month.

NAR chief economic expert Lawrence Yun said the unanticipated boost in sales in Might came as more buyers overcame the increasingly challenging market conditions widespread in lots of locations.

However, treasuries climbed up well off their early lows amid a continued sell-off by the cost of crude oil, with crude for August shipment tumbling $0.98 to $42.53 a barrel.

The price of crude oil extended the drop seen in the previous session, falling to the most affordable closing level for a front-month agreement in over ten months.

Concerns about oversupply continued to weigh on oil prices regardless of the release of a report from the Energy Info Administration showing a larger than expected weekly drop in crude oil stocks.

Looking ahead to Thursday, the Labor Department’s weekly jobless claims report might draw in some attention in addition to the Conference Board’s report on leading economic signs.

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

Jonathon Alexander

Petroleum Oil Plummets To 10-month Low

By | June 21, 2017

Petroleum futures continued to plunge Wednesday despite federal government information showing a drop in U.S. oil stockpiles.

August WTI oil fell 98 cents, or 2.3%, to settle at $42.53/ bbl, moving through assistance to hit a 10-month low. Prices dropped into bearish market territory.

Crude stocks fell 2.5 million barrels in the week to June 16, exceeding analysts’ expectations for a smaller sized reduction.

Nevertheless, surging U.S. production has offset the supply quota strategy from OPEC and Russia. Output leapt to 9.35 million bpd recently, up 20,000 bpd from the previous week, the EIA said.

On Friday, Baker Hughes stated the United States rig count rose by 6 to 747, the most considering that April 2015. Domestic drillers have actually included rigs 20 weeks in a row, the longest streak on record.

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

Jonathon Alexander

Day-to-day analysis of USD/JPY for June 21, 2017 888011000 110888 Overview The USD/JPY pair reveals sideways fluctuations after approaching the 112.00 barrier the other day. Stochastic is getting rid of its negativeness clearly and approaching the oversold levels, which forms positive motive to press the price to resume the bullish trend. We will keep our bullish pattern expectations active in the upcoming sessions unless breaking and holding listed below 110.65 levels. Our main awaited target at 113.97. The anticipated trading range for today is between the 111.00 support and the 112.80 resistance. The material has been providedby InstaForex Business-www.instaforex.com

By | June 21, 2017

USDJPYH4.png

Overview

The USD/JPY pair shows sideways fluctuations after approaching the 112.00 barrier yesterday. Stochastic is getting rid of its negativity clearly and approaching the oversold levels, which forms positive motive to push the price to resume the bullish trend. Therefore, we will keep our bullish trend expectations active in the upcoming sessions unless breaking and holding below 110.65 levels. Our main awaited target at 113.97. The expected trading range for today is between the 111.00 support and the 112.80 resistance.

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

Jonathon Alexander

Day-to-day analysis of GBP/JPY for June 21, 2017 888011000 110888 Introduction The GBP/JPY set faced clear negative pressure yesterday due to stochastic exit from the overbought areas. The pair declined below the moving typical 55 and consolidated around 140.50. We remind you that the bullish circumstance primarily depends upon the stability of the bullish channel’s support at 139.00, which enables us to wait for new bullish momentum and a renewed attempt to hit positive targets that begin at 143.35 followed by 145.45. We must keep in mind that a new unfavorable close below the primary assistance will stop the bullish bias supremacy and start brand-new bearish predisposition to target 50%Fibonacci correction level at 137.60. The anticipated trading variety for today is between 139.00 and 142.20. The material has actually been provided by InstaForexBusiness-www.instaforex.com

By | June 21, 2017

GBPJPYH4.png

Overview

The GBP/JPY pair faced clear negative pressure yesterday due to stochastic exit from the overbought areas. The pair declined below the moving average 55 and consolidated around 140.50. We remind you that the bullish scenario mainly depends on the stability of the bullish channel’s support at 139.00, which allows us to wait for new bullish momentum and a renewed attempt to hit positive targets that start at 143.35 followed by 145.45. We should note that a new negative close below the main support will stop the bullish bias domination and start new bearish bias to target 50% Fibonacci correction level at 137.60. The expected trading range for today is between 139.00 and 142.20.

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

Jonathon Alexander

Everyday analysis of Gold for June 21, 2017 888011000 110888 Summary The gold rate has actually not shown any strong moves considering that early morning holding around 1,245.00 levels. Thus, there is no change in the bearish trend circumstance that depends on holding listed below 1,254.56 levels. Stochastic is reaching the overbought areas now. Our main awaited target lies at 1,229.32. The anticipated trading range for today is in between the 1,229.30 support and the 1,254.00 resistance. The product has actually been providedby InstaForex Company -www.instaforex.com

By | June 21, 2017

GOLDH4.png

Overview

The gold price has not shown any strong moves since morning holding around 1,245.00 levels. Thus, there is no change in the bearish trend scenario that depends on holding below 1,254.56 levels. Stochastic is reaching the overbought areas now. Our main awaited target is located at 1,229.32. The expected trading range for today is between the 1,229.30 support and the 1,254.00 resistance.

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

Jonathon Alexander

BoE'’s Haldane Set To Favor Rate Walking This Year

By | June 21, 2017

Bank of England Chief Economist Andrew Haldane said he considered the case for a rate hike at the June monetary policy meeting.

He voted to maintain the bank rate pointing out still few signs of higher wage growth despite upward pressure on inflation and chances of a sharper than anticipated slowing down in the economy.

“Both are reasons for financial policy not to hurry its fences,” Haldane said in a speech on Wednesday.

“Provided the information are still on track, I do believe that beginning the process of withdrawing some of the incremental stimulus provided last August would be prudent moving into the second half of the year,” he stated.

Earlier this month, the bank re-appointed Haldane to the monetary policy committee for another three-year term.

At the June conference, the MPC voted 5-3 to keep the record low rates of interest unchanged.

Kristin Forbes, Ian McCafferty and Michael Saunders sought a quarter point rate hike at the June conference. They stated partial withdrawal of stimulus will help to moderate inflation overshoot.

The threats of tightening up “prematurely” have diminished. Haldane said if the policy is tightened up “too late”, this could result in much steeper path of rate rises later.

BoE Governor Mark Carney on Tuesday said the time is not right to start raising rate of interest as wage growth remains anaemic.

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

Jonathon Alexander