Daily analysis of USDX for February 17, 2017 888011000 110888 USDX resumed the disadvantage bias with a consolidation in the short term below the 200 SMA at H1 chart. Next target is located around 100.00, where a breakout must provide more bearish pressure to test the 99.00 psychological level. However, if the resistance area of 101.43 quits, then we can anticipate additional gains towards the 102.39 level. H1 chart’s resistance levels: 101.43/ 102.38 H1 chart’s assistance levels: 100.01/ 98.98 Trading suggestions for today: Based upon the H1 chart, location sell(short )orders only if the USD Index breaks with a bearish candlestick; the assistance level is at 100.01, take earnings is at 98.98 and stop loss is at 101.03. The material has actually been provided by InstaForex Company -www.instaforex.com

By | February 16, 2017

USDX resumed the downside bias with a consolidation in the short term below the 200 SMA at H1 chart. Next target is located around 100.00, where a breakout should deliver more bearish pressure to test the 99.00 psychological level. However, if the resistance area of 101.43 gives up, then we can expect further gains toward the 102.39 level.

USDXH1.png

H1 chart’s resistance levels: 101.43 / 102.38

H1 chart’s support levels: 100.01 / 98.98

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 100.01, take profit is at 98.98 and stop loss is at 101.03.

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

Jonathon Alexander

Treasuries Regain Ground Following Recent Weakness

By | February 16, 2017

After trending lower over the past a number of sessions, treasuries restored some ground throughout the trading day on Thursday.

Bond prices moved progressively higher throughout the session prior to closing securely favorable. As a result, the yield on the benchmark ten-year note, which moves reverse of its price, fell by 5.2 basis indicate 2.450 percent.

The rebound by treasuries may partly have reflected deal searching following the downward relocation seen over the five previous sessions.

Treasuries may also have actually been taken advantage of modest weak point on Wall Street, with stocks pulling back off record highs.

Traders were likewise digesting another batch of financial data, consisting of a report from the Labor Department showing a modest boost in initial unemployed claims in the week ended February 11th.

The report said preliminary jobless claims edged up to 239,000, a boost of 5,000 from the previous week’s unrevised level of 234,000. Economic experts had expected out of work claims to climb to 245,000.

A separate report from the Commerce Department revealed a pullback in housing starts in January, although the report likewise revealed a dive in structure permits.

The Commerce Department said housing starts fell by 2.6 percent to a yearly rate of 1.246 million in January after leaping by 11.3 percent to a revised 1.279 million in December.

Building licenses, an indicator of future housing need, leapt by 4.6 percent to a rate of 1.285 million in January after rising by 1.3 percent to a modified 1.228 million in December.

The Philadelphia Federal Reserve likewise launched a report revealing a substantial acceleration in the speed of development in regional activity in February.

The Philly Fed stated its index for present manufacturing activity in the area soared to 43.3 in February from 23.6 in January, with a positive reading indicating development.

The Treasury Department announced the details of next week’s auctions of two-year, five-year, and seven-year notes.

The Treasury said it prepares to offer $26 billion worth of two-year notes next Tuesday, $34 billion worth of five-year notes next Wednesday, and $28 billion worth of seven-year notes next Thursday.

Following the multitude of U.S. financial data launched over the previous two days, the schedule of releases for Friday is relatively light.

The Conference Board is due to release its report on leading economic signs in January, with the leading financial index expected to increase by 0.4 percent.

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

Jonathon Alexander

Petroleum In Dead Zone Near $53 In spite of OPEC News

By | February 16, 2017

Crude oil futures increased Thursday, holding above $53 a barrel in the middle of tips that OPEC will even more cut production unless prices move higher.

Although OPEC has actually attained 92% compliance with a plan to shrink output, the cartel might have to increase the speed of cuts and extend the arrangement beyond June, inning accordance with Reuters.

March West Texas Intermediate crude rose 25 cents, or 0.5%, to settle at $53.36 a barrel on the New York Mercantile Exchange.

Prices have actually been range-bound for the previous couple of months in spite of OPEC’s historical handle Russia, as surging production from the United States has actually offset cuts elsewhere.

U.S. crude-oil inventories have actually climbed to their greatest weekly level on record, the Energy Info Administration said the other day.

They reported an increase in business crude oil inventories of 9.5 million barrels to an overall of 518.1 million barrels.

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

Jonathon Alexander

Daily Video Analysis on USD/JPY – 16th February 2017 888011000 110888 We take a thorough look on USD/JPY to see if there are any trading chances readily available for us to compromise and generate prospective make money from. We discuss clearly how we use a variety of analytical approaches from Fibonacci retracements to Fibonacci extensions, price action and oscillators to identify such trading opportunities.Join us and discover how to find excellent trading chances through technical analysis!The material has been supplied by InstaForex Company-www.instaforex.com

By | February 16, 2017

We take an in-depth look on USD/JPY to see if there are any trading opportunities available for us to trade off and generate potential profits from. We explain clearly how we use a range of analytical approaches from Fibonacci retracements to Fibonacci extensions, price action and oscillators to determine such trading opportunities.

Join us and learn how to find good trading opportunities through technical analysis!

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

Jonathon Alexander

Daily analysis of Gold for February 16, 2017 888011000 110888 Overview Gold resumes its favorable attempts after the sideways change that appeared today. It supports the extension of our bullish pattern expectations for the rest of the day, with testing the targets at the level of 1,249.94. We advise you that breaching this level will push the rate towards 1,260.00 as the next main station. In general, the bullish trend will stay suggested, supported by the EMA50, unless breaking 1,226.50 and most importantly 1,211.31 and holding below them. The anticipated trading range for today is between 1,225.00 support and 1,249.94 resistance. The product has actually been offered by InstaForex Company-www.instaforex.com

By | February 16, 2017

GOLDH4.png

Overview

Gold resumes its positive attempts after the sideways fluctuation that appeared this morning. It supports the continuation of our bullish trend expectations for the rest of the day, with testing the targets at the level of 1,249.94 initially. We remind you that breaching this level will push the price towards 1,260.00 as the next main station. In general, the bullish trend will remain suggested, supported by the EMA50, unless breaking 1,226.50 and most importantly 1,211.31 and holding below them. The expected trading range for today is between 1,225.00 support and 1,249.94 resistance.

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

Jonathon Alexander

Everyday analysis of Silver for February 16, 2017 888011000 110888 Summary The rate shows bullish bias now in effort to method from our first primary waited target at 18.30. It strengthens our positive introduction on the intraday and short-term basis. It is arranged inside the bullish channel that appears on the chart, waiting to breach the mentioned level to head to 19.38, as the next primary station. We will continue to recommend the bullish pattern in the upcoming sessions unless breaking 17.75 followed by 17.43 levels and holding listed below them. The anticipated trading range for today is between 17.75 support and 18.40 resistance . The product has actually been offered by InstaForex Company-www.instaforex.com

By | February 16, 2017

SILVERH4.png

Overview

The price shows bullish bias now in attempt to approach from our first main waited target at 18.30. It reinforces our positive overview on the intraday and short-term basis. It is organized inside the bullish channel that appears on the chart, waiting to breach the mentioned level to head towards 19.38, as the next main station. Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 17.75 followed by 17.43 levels and holding below them. The expected trading range for today is between 17.75 support and 18.40 resistance.

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

Jonathon Alexander

Gold Greater In spite of Hawkish Fed

By | February 16, 2017

Gold futures nudged greater Thursday early morning regardless of installing speculation the Federal Reserve will raise interest rates in the first half of the year.

A variety of Fed officials have actually made hawkish comments this week, consisting of Fed Chair Janet Yellen, who informed Congress that a rate hike is on the table for all upcoming conferences.

There was little response to Fed Vice Chair Stanley Fisher’s remarks early today.

The Fed anticipates “to be moving closer to the 2-percent inflation rate which the labor market would continue to strengthen. If those two things occur we’ll be on the path that we basically expected,” he said on Bloomberg radio.

The Fed recently forecasted three interest rate walkings in 2017.

Gold futures were up 6 dollars at $1240 an ounce, near its highest considering that November.

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

Jonathon Alexander

ECB Minutes: Members Agreed To Check out Recent Inflation Upturn

By | February 16, 2017

European Central Bank policymakers broadly accepted check out the energy-driven recent upturns in heading inflation, minutes of the ECB’s policy session held on January 18-19 revealed Thursday.

The Governing Council must carefully keep track of possible indirect and second-round impacts of the recent inflation spike, the minutes, which the ECB calls “account” of the meeting stated.

Policymakers likewise concurred that it was imperative to maintain a really substantial degree of financial lodging for inflation pressures to develop and durably support heading inflation.

Otherwise, recent motivating advancements in inflation expectations and the prospects for a continual modification in inflation towards the near 2 percent target might be jeopardized.

“For that reason, the Governing Council was viewed as well advised to stay client and keep a “steady hand” to supply stability and predictability in an environment that was still defined by a high level of uncertainty,” the reserve bank stated.

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

Jonathon Alexander

Trading plan for Gold for February 16, 2017 888011000 110888 Technical outlook: The 4H chart presented here is indicative of clear 2-wave count capacity. The very first is being worked out between $1,180 and$ 1244.00 levels; it is an instant limit, being exercised. Inning accordance with this wave count, strong assistance lies at $1,205.00, which is likewise Fibonacci 0.618 and immediate trendline assistance as portrayed here. It is expected to rally to$1,300.00 plus levels quickly if the metal bounces from above levels. If the rates break below$1,205.00 level and consequently below the trendline assistance, the other wave count is possible. In this cast the whole rally from$1,120.00 through$1,375.00 level would enter play and the prices may drop towards $ 1,170.00 level prior to it discovers support. Please note that the above is likewise Fibonacci 0.618 assistance and 2-month trendline support also passesthrough. A short-term wave count is likewise provided listed below on a hourly chart. Assistances are lined up to $1,205.00 and $1,180.00 levels respectively. Trading plan:A medium-term trading method stays bullish on the counter; keep buying on dips. Levels to keep an eye out for are$1,205.00 and $1,170.00 respectively. Along with an aggressive short-term trading strategy would be on the sell side.Aggressive: Short now, stop at$1,246.00, and target $1,205.00. Conservative: Flat in the meantime. Want to buy at$1,205 and$ 1,170.00, stop at $1,121.00, and target$1,375.00 plus.Fundamental outlook: Short-term pressure will remain on Gold due to USD bullish scenarios. However the metal is totalin the medium-term bullish trend which can be nullified just if the prices drop listed below $1,122.00 level.Events to beware are Building Permits in the U.S.A, scheduled to be out at 08:30 AM EST. Projection is positive.Good luck!The material has been provided by InstaForex Business-www.instaforex.com

By | February 16, 2017

analytics58a59a6725ab5.jpg

Technical outlook:

The 4H chart presented here is indicative of clear 2-wave count potential. The first is being worked out between $1,180 and $1244.00 levels; it is an immediate boundary, being worked out. According to this wave count, strong support lies at $1,205.00, which is also Fibonacci 0.618 and immediate trendline support as depicted here. If the metal bounces from above levels, it is expected to rally towards $1,300.00 plus levels easily. The other wave count is possible if the prices break below $1,205.00 level and subsequently below the trendline support. In this cast the entire rally from $1,120.00 through $1,375.00 level would come into play and the prices may drop towards $1,170.00 level before it finds support. Please note that the above is also Fibonacci 0.618 support and 2-month trendline support also passes through. A short-term wave count is also presented below on an hourly chart. Supports are lined up to $1,205.00 and $1,180.00 levels respectively.

analytics58a59d04661ac.jpg

Trading plan:

A medium-term trading strategy remains bullish on the counter; keep buying on dips. Levels to watch out for are $1,205.00 and $1,170.00 respectively. Alongside an aggressive short-term trading plan would be on the sell side.

Aggressive:

Short now, stop at $1,246.00, and target $1,205.00.

Conservative:

Flat for now. Look to buy at $1,205 and $1,170.00, stop at $1,121.00, and target $1,375.00 plus.

Fundamental outlook:

Short-term pressure shall remain on Gold due to USD bullish scenarios. But the metal is overall in the medium-term bullish trend which can be nullified only if the prices drop below $1,122.00 level.

Events to watch out are Building Permits in the USA, scheduled to be out at 08:30 AM EST. Forecast is positive.

Good luck!

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

Jonathon Alexander

USD/CAD intraday technical levels and trading recommendations for February 16, 2017 888011000 110888 The USD/CAD pair challenged the ceiling of the portrayed channel around 1.3360-1.3400 which was successful to apply enough bearish pressure on the pair.Shortly after, a bearish engulfing weekly candlestick was revealed by the end of the week indicating strong resistance around 1.3550. Bearish determination below the rate level of 1.3300(50%Fibonacci Level)was achieved.This allowed a further decrease toward 1.3200 and 1.3080 (the lower limitation of the portrayed channel )where bullish rejection was revealed as anticipated.A bullish breakout above 1.3360(50%Fibonacci level)was anticipated to allow an additionaladvance toward 1.3700-1.3750(the upper limit of the illustrated channel). However, significant bearish rejection was expressed around 1.3580(current established top ). The price level of 1.3300(50%Fibonacci Level )cannot supply enough assistance for the recent bearish pullback.That is why the current bearish pullback towards 1.2970(61.8% Fibonacci level)provided a legitimate BUY entry as anticipated in previous articles.This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is had to boost bullish advance towards 1.3440 and 1.3550. Otherwise, the USD/CADpair stays trapped within the current consolidation range (1.2970-1.3300). On the other hand, DAILY closurelisted below 1.2970 (61.8 %Fibonacci level)will verify a double-top pattern with forecasted bearish targets at 1.2860, 1.2730, and 1.2600. The material has been supplied by InstaForex Company -www.instaforex.com

By | February 16, 2017

analytics58a5973f2d6b8.pnganalytics58a59751614dd.png

The USD/CAD pair challenged the upper limit of the depicted channel around 1.3360-1.3400 which succeeded to apply enough bearish pressure on the pair.

Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week indicating strong resistance around 1.3550.

Bearish persistence below the price level of 1.3300 (50% Fibonacci Level) was achieved.

This allowed a further decline toward 1.3200 and 1.3080 (the lower limit of the depicted channel) where bullish rejection was expressed as anticipated.

A bullish breakout above 1.3360 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recent established top).

The price level of 1.3300 (50% Fibonacci Level) failed to provide enough support for the recent bearish pullback.

That is why the recent bearish pullback toward 1.2970 (61.8% Fibonacci level) offered a valid BUY entry as expected in previous articles.

This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is needed to enhance bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair remains trapped within the current consolidation range (1.2970-1.3300).

On the other hand, DAILY closure below 1.2970 (61.8% Fibonacci level) will confirm a double-top pattern with projected bearish targets at 1.2860, 1.2730, and 1.2600.

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

Jonathon Alexander