Essential Analysis of USDCAD for July 26, 2017 888011000 110888 USD/CAD has actually been in a spontaneous non-volatile bearish pattern because the rate hike choice of CAD held recently. CAD has been quite dominating over USD recently with no sort of weak point along the momentum. On Monday, CAD wholesale Sales report was released where it showed an increase to 0.9% from previous worth of 0.8% which was expected to reduce to 0.5%. Friday CAD has GDP report to be published which is anticipated to be unchanged at 0.2% however looking at the current favorable financial reports and hawkish sentiment of CAD the GDP report appears to show some positive outcome. On the USD side, today FOMC Satisfying will be held discussing the upcoming rate of interest hikes, future monetary policies and the inflation rate which is anticipated to be quite hawkish and a hint of further rate walkings in the coming months is anticipated. Before the FOMC Meeting Minutes, today USD New House Sales report is going to be published which is expected to show an increase to 615k from the previous value of 610k and Petroleum Inventories report is anticipated to reveal a less deficit at -3.3 m which formerly was at -4.7 m. Since the approaching events of the currencies in the pair, a good quantity of volatility is expected to hit the marketplace today and there are greater opportunities of some gains on the USD side after the FOMC meeting today which may offer USD to have some short-term gains against CAD this week.Now let ustake a look at the technical view, the rate has revealed indecision yesterday and revealing some bullish pressure ahead of the FOMC Meeting minutes today. Currently, the price is expected to show some retracement towards 1.2640-50 resistance level before progressing even more with the downtrend with a target to 1.2450 assistance level. As the cost stays listed below 1.2650 with an everyday close the bearish predisposition is expected to continue further with such momentum in the market. The product has been offered by InstaForex Company-www.instaforex.com

By | July 26, 2017

USD/CAD has been in an impulsive non-volatile bearish trend since the rate hike decision of CAD held recently. CAD has been quite dominating over USD recently without any sort of weakness along the momentum. On Monday, CAD wholesale Sales report was published where it showed an increase to 0.9% from previous value of 0.8% which was expected to decrease to 0.5%. Friday CAD has GDP report to be published which is expected to be unchanged at 0.2% but looking at the recent positive economic reports and hawkish sentiment of CAD the GDP report seems to show some positive outcome. On the USD side, today FOMC Meeting will be held discussing the upcoming interest rate hikes, future monetary policies and the inflation rate which is expected to be quite hawkish and a hint of further rate hikes in the coming months is expected. Before the FOMC Meeting Minutes, today USD New Home Sales report is going to be published which is expected to show an increase to 615k from the previous value of 610k and Crude Oil Inventories report is expected to show a less deficit at -3.3m which previously was at -4.7m. As of the upcoming events of the currencies in the pair, a good amount of volatility is expected to hit the market today and there are higher chances of some gains on the USD side after the FOMC meeting today which might provide USD to have some short-term gains against CAD this week.

Now let us look at the technical view, the price has shown indecision yesterday and showing some bullish pressure ahead of the FOMC Meeting minutes today. Currently, the price is expected to show some retracement towards 1.2640-50 resistance level before progressing further with the downtrend with a target towards 1.2450 support level. As the price remains below 1.2650 with a daily close the bearish bias is expected to continue further with such momentum in the market.

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

Jonathon Alexander

FOMC Satisfying: dollar under pressure

By | July 26, 2017

Today, the US Federal Open Market Committee will hold a routine conference on monetary policy. Regardless of the fact that the inbound signals about the slowdown in financial activity reduces the FOMC’s ability to execute previously mentioned objectives, we must not anticipate surprises from today’s meeting considering that macroeconomic forecasts will not be changed since of it.The Fed will most likely hold off any active actions till the fall. The marketplace is currently inclined to the fact that the statement of the start of a “quantitative tightening up” will be on September 15. This includes the treatment for the reduction of balance sheets followed by a rate increase in December.The only intrigue is whether or not the accompanying text of the statement will be altered. One of the key criteria assisting the Fed in its decisions is inflation which has actually been decreasing for 4 consecutive months. This has constantly been revealed in the market’s growing concerns. If the Fed reflects the downturn in inflation in their declaration, then the marketplaces will view this change as a bearish signal.

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At the moment, there is no reason to anticipate that the Fed will alter comments. The fundamental principle that governs the regulator is the enhancement in the labor market which is adding to wage development. This in turn adds to core inflation development. The last work report for June can be thought about positive as the rate of growth of new tasks is not slowing down. This is a confirmation that the Fed will not alter the phrasing of the accompanying statement.The dollar, for that reason, is unlikely to respond to the outcomes of the FOMC meeting. The gamers will instead focus on other requirements. Macroeconomic information, published previously today, is still contradictory and does not provide any brand-new chauffeurs. Preliminary PMI Markit values for July came out somewhat better than anticipated at 53.2 p in the manufacturing sector and 54.2 p in the service sector versus expectations of 52.0 p and 54.0 p respectively. Nevertheless, the real estate market has brought a strong unfavorable. Sales in the secondary market slowed in June. Meanwhile, the real estate price index in May was likewise a little listed below expectations according to Requirement & & Poor’s. This shows a decline in inflation expectations.Political dangers are likewise growing. The US Congress House of Representatives voted to embrace a large bundle of sanctions directed versus Russia, Iran, and the DPRK. The structured and unconvincing wording can not conceal the primary conclusion from the existing situation particularly the substantial deterioration of the United States and European relations, especially in Germany. This is because Germany is the main beneficiary of the” Nord Stream-2 “gas pipeline which is presently under building. The new sanctions are aimed primarily against European companies. Because of this the adoption of the law might trigger retaliatory actions from the EU leaders. Due to the fact that it does not stand up in terms of expediency of pursuing a meaningful policy, a brand-new round of war sanctions can cause substantial damage to United States and European relations. This can give the EU leaders minimal access to United States monetary companies on the European market. The likelihood of such a step is in favor of the euro, because it will decrease demand for the dollar in European companies.On Friday, the first preliminary price quote of the US GDP development for the 2nd quarter will be released. Expectations are positive with specialists forecasting a 2.6 %growth, somewhat greater than the average over the last few years. At the same time, forecasts for spending in personal consumption are exceptionally weak which already puts pressure on the dollar. The euro, in its existing scenario, still looks more powerful than the dollar. Reaching 1.19 in the short-term is

likely.The material has been supplied by InstaForex Business-www.instaforex.com

Jonathon Alexander

U.S. Consumer Confidence Unexpectedly Improves In July

By | July 25, 2017

Consumer confidence in the United States unexpectedly enhanced in the month of July, inning accordance with a report launched by the Conference Board on Tuesday.

The Conference Board said its consumer self-confidence index climbed to 121.1 in July from a modified 117.3 in June. Economists had actually expected the index to drop to 117.0 from the 118.9 initially reported for the previous month.

“Consumer confidence increased in July following a minimal decline in June,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of existing conditions remained at a 16-year high and their expectations for the short-term outlook enhanced rather after cooling last month.”

She added, “In general, consumers foresee the existing financial expansion continuing well into the 2nd half of this year.”

The Conference Board said today Circumstance Index increased from 143.9 to 147.8, while the Expectations Index increased from 99.6 last month to 103.3.

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

Jonathon Alexander

PMI Fall Unlikely To Prevent ECB From Tapering Possession Buys This Year

By | July 25, 2017

The latest slowing down in the economic sector development in the euro area and the fall in the rate indices are not likely to discourage the European Central Bank from tapering its possession purchases this year, but the bank is most likely to be very cautious about raising interest rates due to the lack of inflationary pressures, Jack Allen, an economist at Capital Economics, stated.

The euro-zone composite PMI dropped to a 6-month low of 55.8 in July from 56.3 in June, data from IHS Markit showed on July 24.

Nonetheless, the PMI stayed at a relatively high level and still stronger than the first quarter’s average of 55.6.

“And on the basis of previous form, it is consistent with quarterly GDP growth of around 0.6 percent, the like in Q1,” the economist observed.

Among nations, the German PMI fell dramatically over the last 2 months, from 57.4 in May to 55.1 in July. Though, its relationship with GDP growth is relatively week, it still indicates a quarterly expansion of about 0.4 percent, the economist stated.

Similarly, despite a fall in the French PMI, it follows quarterly GDP development of around 0.5 percent.

The French and german out-turns suggest that the region’s smaller economies outperformed the core countries in July, Allen noted.

“In general, the PMI studies do not change our view that the ECB will minimize its unconventional policy assistance next year,” the economist said.

Declines in the PMI price indices confirm that inflation pressures remain quite weak, Allen said.

“Appropriately, the Bank is likely to be extremely careful about raising rates of interest, so we anticipate it to wait till the start of 2019 prior to tightening policy,” the economic expert included.

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

Jonathon Alexander

Everyday analysis of USD/JPY for July 25, 2017 888011000 110888 Summary The USD/JPY set traded higher yesterday and settled above 111.00 barrier. The stochastic has clearly lost its positive momentum to reach the overbought areas. It forms a negative aspect that might push the price to resume the bearish predisposition. The bearish wave might reach target 110.15 locations in the upcoming period. Therefore, we will continue to recommend the bearish pattern for today supported by the negative pressure formed by the EMA50. Breaching 111.65 followed by 112.32 levels will push the cost to go back to the main bullish trend once again and shake off the current correctional bearish pressure. The anticipated trading range for today is between 110.00 support and 112.00 resistance. The product has actually been supplied by InstaForex Company-www.instaforex.com

By | July 25, 2017

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Overview

The USD/JPY pair traded higher yesterday and settled above 111.00 barrier. The stochastic has clearly lost its positive momentum to reach the overbought areas. It forms a negative factor that may push the price to resume the bearish bias. The bearish wave may extend to target 110.15 areas in the upcoming period. Therefore, we will continue to suggest the bearish trend for today supported by the negative pressure formed by the EMA50. Breaching 111.65 followed by 112.32 levels will push the price to return to the main bullish trend again and shrug off the current correctional bearish pressure. The expected trading range for today is between 110.00 support and 112.00 resistance.

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

Jonathon Alexander

Daily analysis of gold for July 25, 2017 888011000 110888 Overview Gold price handled to close the daily candlestick above$1,254.56 level which is a positive element that supports extending the bullish wave in the approaching period. The stochastic reached the oversold locations’limits, waiting to inspire the price to continue increasing today. For that reason, these elements encourage us to continue recommending the bullish trend on the intraday and short-term basis, advising you that our next primary target lies at 1295.37. To continue the suggested increase, gold rates should hold above$1,254.56 and 1,249.95 levels, as breaking these levels will push the rate to test$1,229.32 areas once again before any new effort to rise. The anticipated trading variety for today is in between$1,245.00 support and$ 1,265.00 resistance. The material has been offered by InstaForex Company- www.instaforex.com

By | July 25, 2017

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Overview

Gold price managed to close the daily candlestick above $1,254.56 level which is a positive factor that supports extending the bullish wave in the upcoming period. Besides, the stochastic reached the oversold areas’ thresholds, waiting to motivate the price to continue rising today. Therefore, these factors encourage us to continue suggesting the bullish trend on the intraday and short-term basis, reminding you that our next main target lies at 1295.37. To continue the suggested rise, gold prices should hold above $1,254.56 and 1,249.95 levels, as breaking these levels will push the price to test $1,229.32 areas again before any new attempt to rise. The expected trading range for today is between $1,245.00 support and $1,265.00 resistance.

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

Jonathon Alexander

Everyday analysis of Silver for July 25, 2017 888011000 110888 Summary The silver cost did not show any strong relocations yesterday changing within a tight track confined in between the crucial levels represented by the 16.20 support and the 16.56 resistance. We are waiting on a breach of these levels to find the next trend plainly, up until then we stay neutral. We remind you that a breach of the discussed resistance will push the rate to extend its gains on the short-term basis and head towards 17.43 as the next primary station; a break of 16.20 will press the price to evaluate the key assistance 15.49 before any new effort to increase. The anticipated trading range for today is between the 16.20 assistance and the 16.65 resistance.The product has been offered by InstaForex Business-www.instaforex.com

By | July 25, 2017

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Overview

The silver price did not show any strong moves yesterday fluctuating within a tight track confined between the key levels represented by the 16.20 support and the 16.56 resistance. We are waiting for a breach of these levels to detect the next trend clearly, until then we remain neutral. We remind you that a breach of the mentioned resistance will push the price to extend its gains on the short-term basis and head towards 17.43 as the next main station; a break of 16.20 will push the price to test the key support 15.49 before any new attempt to rise. The expected trading range for today is between the 16.20 support and the 16.65 resistance.

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

Jonathon Alexander

Technical analysis of USD/JPY for July 25, 2017 888011000 110888 USD/JPY is expected to trade with bullish outlook. The set published a rebound from 110.60(the low of July 24)and broke above its 50-period and 20-period moving averages. In addition, the bullish cross in between 50-period and 20-period moving averages has been identified, which indicates a positive signal. The relative strength index is bullish and requires an additional upside. To sum up, while the cost is above 110.80, look for a rebound to 111.80 as well as to 112.10 in extension. Alternatively, if the cost moves in the opposite direction, a short position is suggested listed below 110.80 with a target at 110.60. Chart Description: The black line shows the pivot point. The present rate above the pivot point shows a bullish position while the price below the pivot point is a signal for a brief position. The red lines show the assistance levels and the green linesuggests the resistance level. These levels can be utilized toget in and exit trades.Strategy: PURCHASE, Stop Loss: 110.80, Take Revenue: 111.80 Resistance levels : 111.80, 112.10, and 112.45 Support Levels: 110.60, 110.35, 110.00 The material has actually been supplied by InstaForex Business-www.instaforex.com

By | July 25, 2017

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USD/JPY is expected to trade with bullish outlook. The pair posted a rebound from 110.60 (the low of July 24) and broke above its 20-period and 50-period moving averages. In addition, the bullish cross between 20-period and 50-period moving averages has been identified, which indicates a positive signal. The relative strength index is bullish and calls for a further upside.

To sum up, while the price is above 110.80, look for a rebound to 111.80 and even to 112.10 in extension.

Alternatively, if the price moves in the opposite direction, a short position is recommended below 110.80 with a target at 110.60.

Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position while the price below the pivot point is a signal for a short position. The red lines show the support levels and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy: BUY, Stop Loss: 110.80, Take Profit: 111.80

Resistance levels: 111.80, 112.10, and 112.45 Support Levels: 110.60, 110.35, 110.00

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

Jonathon Alexander