Trading plan for 10/08/2018

By | August 10, 2018

EUR/USD broke through 1.15 and the activation of stop-loss orders pushed the rate to 1.1438. The drop is most likely connected to the continued sale-off of the Turkish lira – today USD/TRY leapt another 3.0% up to 5,7450.

The Financial Times short article is in the center of global financiers attention, according to which European financial supervision is worried about the exposure of European banks to Turkish possessions. The investors’ unpredictability is likewise sustained by the organized presentation by the Ministry of Financing of Turkey of a new financial design that may not be market-friendly. Motion on EUR/USD started the appreciation of USD on another cross. GBP/USD is checking at 1.28, AUD/USD approaching important support at 0.7310 as the Financial Stability Report released by the RBA at the night brought a couple of surprises. The main modification is the lowering of the CPI forecast for 2018 from 2%. up to 1.75 percent, however this information was currently included in the statement after Tuesday’s decision.In the stock exchange, the bleak environment presses prices down. Japanese Nikkei225 loses 1.4 percent and Chinese Shanghai Composite falls 0.4 percent.On Friday, the 10th of August, the event calendar

is complete in essential information releases, especially during the NY session. Throughout this time Canada will release Unemployment Rate, Work Change, Part-Time Employment Change and Participation Rate. The United States will publish Consumer Rate Index information and Federal Spending plan Balance data. There are some important information to be launched during the London session as well: UK will post GDP, Visible Trade Balance and Industrial Production information and Germany will reveal Wholesale Price Index data.EUR/ USD analysis for 10/08/2018: Let’s now take a look at the EUR/USD technical photo at the H4 amount of time prior to the essential information are launched. The market has actually broken listed below the technical assistance at the level of 1.1507 and has actually hit the daily technical support at the level of 1.1445, but the spike down looks really strong and may not end soon. The momentum is pointing down to the south and it is way below its fifty level. The next technical assistance is seen at the level of 1.1365. Beside the observing the circumstance on EUR/USD the market participants must keep an eye on USD/TRY pair.< img width =" 450"src

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

Jonathon Alexander

Technical analysis: Intraday Level For EUR/USD, Aug 10, 2018 888011000 110888 When the European market opens, some Economic Data will be launched such as Italian Trade Balance, French Prelim Private Payrolls q/q, and French Industrial Production m/m. The US will release the Economic Data too such as Federal Spending Plan Balance, Core CPI m/m, and CPI m/m, so amidst the reports, EUR/USD will relocate a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1582. Strong Resistance: 1.1575. Initial Resistance: 1.1564. Inner Offer Area: 1.1553.Target Inner Location: 1.1525. Inner Buy Area: 1.1497. Original Support: 1.1486. Strong Support: 1.1475. Breakout SELL Level: 1.1468. Disclaimer: Trading Forex (foreign exchange)on margin carries a highlevel of risk, and might not be suitable for all Traders or Investors.The high degree of take advantage of can work against you as well as for you.Before deciding to buy forex you need to carefullyconsider your financial investment goals, level of experience, and riskappetite. The possibility exists that you might sustain a loss of someor all your initial investment and for that reason you must not investmoney that you can not manage to lose. You need to be aware of all therisks connected with forex trading, and seek advice froman independent monetary advisor if you have any doubts.The material has actually been offered by InstaForex Business-www.instaforex.com

By | August 10, 2018

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When the European market opens, some Economic Data will be released such as Italian Trade Balance, French Prelim Private Payrolls q/q, and French Industrial Production m/m. The US will release the Economic Data too such as Federal Budget Balance, Core CPI m/m, and CPI m/m, so amid the reports, EUR/USD will move in a medium volatility during this day.

TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1582. Strong Resistance: 1.1575.Original Resistance: 1.1564. Inner Sell Area: 1.1553. Target Inner Area: 1.1525. Inner Buy Area: 1.1497. Original Support: 1.1486. Strong Support: 1.1475. Breakout SELL Level: 1.1468.

Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

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

Jonathon Alexander

Australia Lowers Near-Term Inflation Outlook

By | August 10, 2018

The Reserve Bank of Australia trimmed its near-term inflation forecast but broadly maintained its growth projections.

In its quarterly Statement on Monetary Policy, released Friday, the forecasts for domestic output growth were broadly similar to those presented in the May Statement. GDP growth is seen at an average 3.25 percent percent over 2018 and 2019. Growth is then expected to ease to around 3 percent in 2020.

The economy is not expected to encounter broad-based capacity constraints for some time. However, the risks to global growth from trade protectionism have increased, the bank noted.

The June quarter inflation outcomes were in line with the forecasts in the May Statement. However, the forecasts for headline and underlying inflation in the September quarter have been revised down.

Both headline and underlying inflation are now expected to be around 1.75 percent in the second half of 2018. Headline and underlying inflation are then expected to increase gradually to 2.25 percent by mid 2020, which was unchanged from the May Statement.

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

Jonathon Alexander

Technical analysis: Intraday level for USD/JPY, Aug 10, 2018 888011000 110888 In Asia, Japan will release the Tertiary Industry Activity m/m, PrelimGDP Price Index y/y, PPI y/y, and Prelim GDP q/q. The United States will launch some Economic Data such as Federal Budget Balance, Core CPI m/m, and CPIm/m. So there is a probability the USD/JPY set will move with low tomedium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.52. Resistance. 2: 111.30. Resistance. 1: 111.08. Support. 1: 110.82. Assistance. 2: 110.60. Support. 3: 110.38. Disclaimer: Trading Forex (foreign exchange)on margin brings a highlevel of danger, and might not appropriate for all Traders or Investors.The high degree of leverage can work versus you as well as for you.Before deciding to purchase foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you might sustain a loss of someor all your initial financial investment and therefore you ought to not investmoney that you can not afford to lose. You ought to be aware of all therisks connected with foreign exchange trading, and consult froman independent monetary advisor if you have any doubts.The product has actually been provided by InstaForex Company-www.instaforex.com

By | August 10, 2018

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In Asia, Japan will release the Tertiary Industry Activity m/m, PrelimGDP Price Index y/y, PPI y/y, and Prelim GDP q/q. The US will release some Economic Data such as Federal Budget Balance, Core CPI m/m, and CPIm/m. So there is a probability the USD/JPY pair will move with low tomedium volatility during this day.

TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.52. Resistance. 2: 111.30. Resistance. 1: 111.08. Support. 1: 110.82. Support. 2: 110.60. Support. 3: 110.38.

Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

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

Jonathon Alexander

Worldwide macro overview for 10/08/2018

By | August 10, 2018

The Canadian Dollar has had a roller rollercoaster ride due to oil, after Saudi Arabia remarks and leakages from NAFTA negotiations. A lot of confusion developed from the info that as a result of a diplomatic disagreement in between Canada and Saudi Arabia(Prime Minister Trudeau slammed the arrest of a Saudi activist ), Riyad purchased the central bank and the nationwide funds to sell Canadian possessions. The quantity entering play is not huge and must not have a clear effect on CAD, however the info has actually become a reason for the movement fueled by a sell-off of petroleum. As the CAD market is unsteady, it revealed a vibrant retreat to the USD/CAD decrease after reports that the US and Mexico have agreed on the trade of cars and trucks, which opens the method for more settlements of the NAFTA contract. However, it does not look like the “Saudi factor “would be sustained for longer, and expectations for NAFTA(and the ramifications for tightening the BoC policy) in the longer horizon should play a higher role.Today, the global investor’s attention need to be concentrated on another set of Canadain economy information in kind of Unemployment Rate, Employment Change, Part-Time Employment Change and Involvement Rate.Let’s now take a look at the USD/CAD technical image at the H4 timespan. The market has tested the 50%Fibo retracement level and hit the technical resistance at the level

of 1.3111 prior to the drop. Currently, the bulls are once again attempting to rally higher and the very same level ought to remain in play. In a case of a breakout greater, the next target for bulls is located at 61%Fibo at 1.3164. On the other hand, the instant support is seen at the level of 1.3000. Please see the favorable momentum that supports the short-term bullish predisposition.< img width =" 450"src =" http://qkfx.com/wp-content/uploads/2018/08/global-macro-overview-for-10-08-2018.jpg "alt ="analytics5b6d2a9ac2a4f.jpg"/ > The material has been supplied by

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InstaForex Company -www.instaforex.com

Jonathon Alexander

Bitcoin analysis for 10/08/2018

By | August 10, 2018

The US Securities and Exchange Commission (SEC) delay the decision to present Bitcoin to trading on the stock exchange mutual fund (ETF) by September 30, according to an official document released by the SEC on August 7.

ETFs are securities that track a basket of properties that are proportionally represented in the fund’s shares. They are perceived by some as a prospective step forward in the mass adoption of cryptocurrencies as a controlled and passive financial investment vehicle.The fund under consideration is powered by the investment company VanEck and the monetary business SolidX and is expected to be listed on the BZX stock market at the Chicago Board of Exchange (CBOE). The SEC has now practically 2 months to think about the proposed change of rules by CBOE Global Markets Inc., which would allow the fund to list.The statement specifies that the SEC got over 1,300 talk about the proposed modification to the list and trade of SolidX BTC shares released by the VanEck SolidX Bitcoin Trust. The document states: “Accordingly, the Commission, pursuant to § 19 (b )(2 )of Act 6, appoints 30 September 2018 as the date to which it will authorize, decline or re-verify the suggested modification “. Last month, the SEC postponed the decision by the investment firm Direxion to apply for the ETF until September 21. The Company pointed to the basically unregulated nature of cryptocurrency markets as the primary factor for the rejection of the proposal, stating that when the spot market is unregulated, there should be considerable regulated markets for acquired instruments linked to underlying assets.Let’s now take a look at the Bitcoin technical picture. The marketplace Has bounced around $500, from the swing low at the level of $6,083 to the

level of$ 6,594 and now is resuming the drop once again. The next technical resistance is seen at the level of$ 6,782 and then at the level of $7,176. The momentum is still listed below its fifty level, but the market conditions are now oversold. The immediate support is seen at the level of $6,083.

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

Jonathon Alexander

Essential Analysis of EUR/GBP for August 10, 2018 888011000 110888 EUR/GBP has been quite bullish with the current momentum which leads the cost higher after breaching above 0.8850 area with a daily close recently. Since the current economic, brexit and political circumstance, GBP has been having a hard time to perform better against EUR which resulted in such spontaneous bullish pressure in the process.Today EUR French Industrial Production report is going to be published which is expected to increase to 0.5%from the previous negative value of -0.2 %, French Prelim Private Payrolls report is anticipated to increase to 0.3%from the previous worth of 0.2% and Italian Trade Balance is likewise expected to increase to 3.41 B from the previous figure of 3.38 B.On the other hand, today the UK GDP report is going to be released which is anticipated to reduce to 0.2 %from the previous value of 0.3%, Manufacturing Production is anticipated to decrease to 0.3 %from the previous value of 0.4%and Prelim GDP is anticipated to increase to 0.4% from the previous worth of 0.2%. Since the existing situation, EUR is rather optimistic about the upcoming financial reports whereas GBP is still having problem with the dovish expectation of the high impact economic reports like GDP. If GBP performs better than anticipated, only then particular gain on the GBP might be observed otherwise EUR is expected to control further in the process.Now let us look at the technical view. The price is expected to push lower to 0.8950 area before pressing higher with the target to the 0.9450 resistance location in the coming days. As the current price is quite far from the mean average of 20 EMA, so the price is anticipated to retrace towards 0.8950 before continuing the bullish momentum in the set. As the price stays above the 0.8850 area with an everyday close, the bullish predisposition is expected to continue further.SUPPORT: 0.8850, 0.8950 RESISTANCE: 0.9450-0.95 PREDISPOSITION: BULLISH MOMENTUM: VOLATILEThe product has been provided by InstaForexCompany-www.instaforex.com

By | August 10, 2018

EUR/GBP has been quite bullish with the recent momentum which leads the price higher after breaching above 0.8850 area with a daily close recently. As of the recent economic, political and Brexit situation, GBP has been struggling to perform better against EUR which resulted in such impulsive bullish pressure in the process.

Today EUR French Industrial Production report is going to be published which is expected to increase to 0.5% from the previous negative value of -0.2%, French Prelim Private Payrolls report is expected to increase to 0.3% from the previous value of 0.2% and Italian Trade Balance is also expected to increase to 3.41B from the previous figure of 3.38B.

On the other hand, today the UK GDP report is going to be published which is expected to decrease to 0.2% from the previous value of 0.3%, Manufacturing Production is expected to decrease to 0.3% from the previous value of 0.4% and Prelim GDP is expected to increase to 0.4% from the previous value of 0.2%.

As of the current scenario, EUR is quite optimistic about the upcoming economic reports whereas GBP is still struggling with the dovish expectation of the high impact economic reports like GDP. If GBP performs better than expected, only then certain gain on the GBP may be observed or else EUR is expected to dominate further in the process.

Now let us look at the technical view. The price is expected to push lower towards 0.8950 area before pushing higher with the target towards the 0.9450 resistance area in the coming days. As the current price is quite away from the mean average of 20 EMA, so the price is expected to retrace towards 0.8950 before continuing the bullish momentum in the pair. As the price remains above the 0.8850 area with a daily close, the bullish bias is expected to continue further.

SUPPORT: 0.8850, 0.8950

RESISTANCE: 0.9450-0.95

BIAS: BULLISH

MOMENTUM: VOLATILE

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

Jonathon Alexander

GBP/ USD. 9th of August. Outcomes of the day. Traders do not think in the pound at all

By | August 10, 2018

4-hour timeframe< img width="450"src="http://qkfx.com/wp-content/uploads/2018/08/gbp-usd-9th-of-august-results-of-the-day-traders-do-not-believe-in-the-pound-at-all.png"alt="analytics5b6c5adc46e52.png"/ > Amplitude of the last 5 days(high-low): 115p-68p-93p-50p-106p. The average amplitude for the last 5 days: 86p(75p). The currency set GBP/ USD on Thursday, August 9, versus a background of a practically complete absence of any macroeconomic details, the majority of the trading day stood in one place with little volatility. The support level of 1.2852 was evaluated for strength 2 times and both resisted. We draw the attention of traders to the fact that the correction has not started today. That is, market individuals stubbornly do not desire not to open longs, but even to reduce shorts. And this suggests total disbelief in the British pound sterling. The Brexit news at the minute is only one, the reality that there are no new contracts in between the EU and the UK. Thus, the faith in the positive result of this procedure in the British falls, along with the investment beauty of the British pound and, in general, the economy of the Kingdom reduces. By the way, we keep in mind another essential truth that considering that April 17, when the last round of the strengthening of the United States currency began, basically considerable correction has actually not occurred. The MACD sign turned upward, which signifies a correction, however the indication reacted to the smallest rate reduction and started to discharge. Bollinger bands are directed downward, the sign of Ichimoku supports a strong”dead cross “. Trading recommendations: The GBP/ USD currency pair operated at 1.2852 and can not overcome it yet. Therefore, it is advised to open brand-new short positions in case of conquering this level with the targets of 1.2794 and 1.2730. Orders for a purchase are not suggested now, because the down motion is quite strong, and there are no signs of an upward correction beginning. And even when they appear, the corrections are extremely weak.In addition to the technical photo, one should likewise take into account the basic 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 Period B -a light purple dotted line.Chinkou Span is a green line.Bollinger Bands Sign:3 yellow lines.MACD sign: Red line and histogram with white bars in the sign window.The material has actually been supplied by InstaForex Business-www.instaforex.com

Jonathon Alexander

EUR/ USD. 9th of August. Results of the day. Traders do unknown which way to go next?

By | August 10, 2018

4-hour timeframe Amplitude of the last 5 days(high-low): 86p-51p-41p-57p-55p. The typical amplitude for the last 5 days is 58p(56p). On Thursday, August 9, the EUR/ USD currency pair attempted to finish the upward correction, however cannot fall listed below the important line.

Throughout the trading day at the disposal of traders once again received few macroeconomic reports. This time it became learnt about the variety of applications for unemployment benefits in the US(213,000 )and the producer cost index for July (+3.3 %y/ y). However, these reports had a low-profile status and had little effect on traders. In addition to these events, another important thing happened. Beijing responded to the United States to enforce new responsibilities amounting to $16 billion on its fees for … precisely the very same quantity. Hence, China has actually made an extremely predicted action in the trade war and at the very same time made it elegantly, without escalating the scenario with responsibilities on a larger quantity, however also without letting it know that it is all set to yield to Washington. Traders, on the background of the total lack of essential macroeconomic reports, clearly did not know which method to go next? From a technical point of view, nevertheless, a resumption of a down motion is still anticipated, as the set might not conquer the optimum of the medium, and the”gold cross “is weak. If the cost is fixed back listed below the critical line, this will validate the conclusion of the correction. The MACD indication has actually already denied, which likewise signifies a likely resumption of the downtrend.Trading suggestions: The EUR/ USD pair might resume its down movement. If the bears handle to overcome the Kijun-sen line, it is recommended to open new sell orders with targets of

assistance levels 1.1524 and 1.1503. Long positions are suggested to be thought about if the rate remains above the important line and after the MACD indication turns up. The objective for longs in this case will be the level of 1,1640, and the bulls will have a brand-new chance to develop their success.In addition to the technical photo, one ought to likewise take into account the basic information and the time of their release.Explanations to the illustration: Ichimoku Sign: 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 Period is a green line.Bollinger Bands Indicator:3 yellow lines.MACD sign: Red line and histogram with white bars in the indication window.The material has been provided by InstaForex Company

-www.instaforex.com

Jonathon Alexander

New Zealand Dollar: The primary outsider of the day

By | August 10, 2018

The primary outsider today is not the Russian ruble, however the New Zealand dollar, which not just collapsed to a two-year low, but continues to show bearish characteristics. The August meeting of the Reserve Bank of New Zealand was fatal for the nationwide currency, and now

, the currency set NZD/ USD, obviously, will inhabit a brand-new rate niche.The regulator has actually exceeded even the” softest”expectations of experts. The head of the RBNZ Adrian Orr, who was just recently selected to his post, stated that the Central Bank chose to extend the forecast for preserving the present rate. If the timeframe for possible tightening up of monetary policy was previously at the level of 2019, then this issue will not be considered until 2020. Moreover, according to Orr, the regulator does not exclude the alternative of decreasing the rates of interest level,” if it is needed”. Here, it deserves recalling that a few months earlier, the RBNZ took a more definitive position. And although the regulator did not reject that the financial policy parameters will not change in the foreseeable future, the Reserve bank firmly insisted that the next step would be a rate hike rather than a reduction. Given this position, the marketplace was oriented to the 2nd half of 2019(October-December)and did not anticipate any surprises from the regulator earlier than the due date. However the New Zealand Reserve bank still amazed, it would appear, the “through “session became a genuine test for the traders of the currency set NZD/ USD.The rhetoric of Adrian Orr helped the pair of bears to break through a strong support level of 0.6750, from 2016, the rate has actually repeatedly approached this target, however each time it was warded off, thus forming a”bottom”. It is notable that after the impulse decline, the price retracement did not follow, as is often the case in such cases(for example, the ruble,

in pairing with the dollar, still aims to restore a minimum of some of the lost positions). This suggests that the market has not totally played the news motorist, and after a minimal correction, the decline will continue.The reality is that the New Zealand dollar at the moment does not have any reasons for its own growth. In tandem with the US dollar, it can reveal a restorative development only due to the weakening of the greenback. But, firstly, the United States dollar is now in fantastic shape, and, secondly, the impact of the August meeting will be felt for a very long time. Reserve Bank of New Zealand laid out an extremely cynical image. According to the head of the RBNZ, the prospects for the country’s economy remain weak. This thesis is consistent with the opinion of the New Zealand Minister of Finance, who recently announced that the main projection of GDP growth for the present year will be revised down( from the existing 2.8%). The slowdown in economic growth is not the only problem. According to the latest data, the level of service self-confidence, in addition to consumer confidence, has substantially decreased in the nation. The property market has cooled down, the sector of production and, what is specifically important for the island state, the service sector, reveals a negative characteristics. Foreign trade is also not encouraging. In June, the trade balance deficit was unexpectedly fixed, with the general expectations of a surplus.Separately, it is necessary to tell about inflationary characteristics. Consumer costs in New Zealand increased by 1.5% in the second quarter of this year, continuing to grow after development of 1.1%y/ y in the first quarter. First, most experts anticipated more substantial development, and secondly, relative to the previous quarter, the CPI slowed in April-June to 0.4%( 0.5%in January-March). Furthermore, regardless of the previously mentioned boost in inflation, prices for dairy items(which are so crucial for the New Zealand economy )continue to decrease. The results of GDT auctions reveal that costs for practically all stock dairy products are falling, the weighted average rate of the auction reduced by $86 with a stable supply growth. Because the beginning of June, the price index for dairy items has remained in the unfavorable location, and following the results of the last auction (which happened this Tuesday) was able to rise just to zero level. The offer, as in the past, significantly goes beyond the need in the dairy market, and this truth has a negative influence on the general situation in this area. In addition, the decline of the yuan has created an additional difficulty for Chinese importers, minimizing their activity. By the method, RBNZ explained in a different line that the threats for the nation’s export sector are growing in percentage to the growth of global trade tension. The hint of the US-China trade war is more than obvious.Thus, the New Zealand regulator made it clear that over the next two years, it is not going to tighten financial policy and if there are modifications in the existing specifications, then towards reducing. This position will apply pressure on the currency pair NZD/ USD for a long time, particularly if the trade war in between China and the US once again will continue. From the technical perspective, the circumstance is as

follows. On all timeframes, the currency pair NZD/ USD is on the bottom line of the Bollinger Bands indicator under all lines of the indication Ichimoku Kinko Hyo, which formed a strong bearish signal “Line Parade “. This shows the clear advantage of the southern movement. Bearish momentum is so strong that it is prematurely to discuss price correction.

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Just if tomorrow’s data on the growth of American inflation go much even worse than expected, the bulls of the set can expect a very little price retracement. Otherwise, the top priority will remain for the south. The main objective of the southern movement is at the lows of 2016, that is, at the base of the 65th figure. It is the mark of 0.6500 that will end up being the main barrier for bears NZD/ USD.The product has been offered by InstaForex Business-www.instaforex.com

Jonathon Alexander