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Wednesday, November 30, 2016

EUR/USD - The long-term outlook for the EUR/USD pair remains bearish ..- Read more ..

Daily  Report EUR/USD by  instaforex


In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450. 

USD/CAD - From The top of the level 1.3480 the market is in a downfall mode - Read more ..

Daily  Report USD/CAD by  instaforex


The top for the wave b (green) has been established at the level of 1.3480 and since then the market is in a downfall mode as wave c (green) is in progress. 

Monday, November 28, 2016

USA - Retail gasoline prices are forecast to average $2.27/g in 2017, compared to $2.13/g in 2016 .. - eia

Publication -  U.S. average gasoline prices this Thanksgiving are the second-lowest in eight years




Heading into the Thanksgiving holiday weekend, U.S. retail regular-grade gasoline averaged $2.16 per gallon (g), up just six cents per gallon from the same time last year. 

Global macro - USDX - The price is trading above all the moving averages and so far there are no signs of any trend reversal. - Read more ..

Daily  Report USDX by  instaforex



The latest meeting minutes from the November Federal Open Market Committee (FOMC) boosted the USD during trading week. 

Sunday, November 27, 2016

Technical Analysis charts in FOREX ..see more

Technical Analysis charts in FOREX 


EUR/USD


Θετική επίδραση έχει στο δολάριο η αυξημένη πιθανότητα ανόδου των επιτοκίων από την Ομοσπονδιακή Τράπεζα των ΗΠΑ στις 14 Δεκεμβρίου - ALPHA BANK

Απόσπασμα από το Εβδομαδιαίο Δελτίο Οικονομικών Εξελίξεων - Διεύθυνση Οικονομικών Μελετών της ALPHA BANK



Ισοτιμίες

Σύμφωνα με τα στοιχεία του Χρηματιστηρίου του Σικάγο, οι τοποθετήσεις στο δολάριο ΗΠΑ (USD+DXY) για μη εμπορικές συναλλαγές (specs) την εβδομάδα που έληξε στις 15.11.2016 μειώθηκαν. Οι συνολικές καθαρές (αγορές μείον πωλήσεις) θέσεις διαμορφώθηκαν σε θετικό επίπεδο για εικοστή έκτη εβδομάδα.

Friday, November 25, 2016

EUR/USD - Only a sustained break out above the level 1.0665 will confirm ..- Read more ..

Daily  Report Global macro - EUR/USD by  instaforex



The IFO Business Climate data were released yesterday and it remained unchanged for the reported month. According to the Institute for Economic Research in Munich, the Business Climate Index came in at 110.4, just as a month ago and 0.2 points lower than expected. 

USD/CAD - The market has broken below trend line and now ..- Read more ..

Daily  Report USD/CAD by  instaforex


The market has broken below the dashed blue trend line and now is trading below the weekly pivot at the level of 1.3497. 

Daily Report in FOREX .. Read more

Daily  Report  in FOREX by  instaforex



EUR/USD: This price has mostly been consolidating this week. The EMA 11 is below the EMA 56, and the Williams' % Range is often in the oversold territory. There is a strong Bearish Confirmation Pattern in the 4-hour chart, and bears could push price further downwards toward the support lines at 1.0500, 1.0450 and 1.0400. 

Wednesday, November 23, 2016

USD/CHF - A break above 1.0145 level would call for a further advance .. - Read more ..

Daily  Report USD/CHF by  instaforex



USD/CHF is supported by a rising trend line. The technical picture of USD/CHF is bullish above an ascending trend line, which emerged on Nov 22. 

Gold - Support is at $1,204. If broken, we will see price ..- Read more ..

Daily  Report Gold by  instaforex



Gold price continues to trade sideways around the $1,220-$1,210 area where the 50% Fibonacci retracement of the entire rise from $1,045 is found. 

Monday, November 21, 2016

Daily Report in FOREX - Read more ..

Daily  Report in FOREX  by  instaforex


EUR/USD: This pair trended south by 270 pips last week. Since November 9, 2016, it has come down by 700 pips. Further downwards movement is possible this week, provided that the USD does not showcase any signs of strength. 

EUR/USD - The current bearish persistence below 1.0825 allowed further bearish decline ..- Read more ..

Daily  Report EUR/USD by  instaforex

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450. In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in August 1997.

Wednesday, November 16, 2016

Europe - In 2015, around 25 million children, or 26.9% of the population aged 0 to 17, in the European Union (EU) were at risk of poverty or social exclusion .. - Eurostat

Press Release - One in four children at risk of poverty or social exclusion in the EU 25 million children in this situation in the EU


In 2015, around 25 million children, or 26.9% of the population aged 0 to 17, in the European Union (EU) were at risk of poverty or social exclusion. 

EUR/GBR - The bears have managed to break out below the golden trend line support .. - Read more ..

Global macro - Report EUR/GBP by instaforex


The Consumer Price Index data published yesterday disappointed market participants. Despite the steep fall in the value of the British Pound after the Brexit vote, the inflation has not gained momentum as the monthly CPI declined again to the level of 0.1% (0.9% y/y), while market participants expected a slight increase to 0.3% (1.1% y/y) after a 0.2% figure from September.

USA - The Producer Price Index for final demand was unchanged in October, seasonally adjusted, the final demand prices rose 0.3 percent in September and were unchanged in August .. - BLS

NEWS Release - PRODUCER PRICE INDEXES – OCTOBER 2016



The Producer Price Index for final demand was unchanged in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.3 percent in September and were unchanged in August. (See table A.) 

Daily Report in FOREX ..Read more ..

Daily  Report in FOREX  by  instaforex


EUR/USD: The bias on the EUR/USD remains bearish, and the market is now very close to the support line at 1.0700. There is a Bearish Confirmation Pattern in the chart, which means that bears may continue pushing price lower and lower, until the support lines at 1.0700, 1.0650 and 1.0600 are breached to the downside.

USD/CHF - As long as this key level is not broken, look for a further upside toward ..- Read more ..

Daily  Report USD/CHF by  instaforex


USD/CHF is expected to Further advance. The pair is trading above its rising 20-period and 50-period moving averages, which maintain the upside bias. 

Friday, November 11, 2016

Gold - The gold price has broken through important support levels and is heading towards recent lows ..- Read more ..

Daily  Report Gold  by  instaforex



The gold price has broken through important support levels and is heading towards recent lows $1,250-$1,240. The trend is bearish for the short-term. 

EU Economy - In September 2016 compared with August 2016, the seasonally adjusted volume of retail trade fell by 0.2% in both the euro area (EA19) and the EU28 .. - Eurostat

Press Release - Volume of retail trade down by 0.2% in both euro area and EU28 


In September 2016 compared with August 2016, the seasonally adjusted volume of retail trade fell by 0.2% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union.

GBP/USD - Daily persistence below 1.2700 confirms the ..- Read more ..

Daily  Report GBP/USD by  instaforex



The price zone between 1.3845 and 1.3550 (historical bottoms in January 2009) was considered a significant demand zone to be watched for bullish recovery. 

USD/CAD - Bearish rejection should be anticipated around the .. - Read more ..

Daily  Report USD/CAD by  instaforex



On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of a significant bearish rejection was manifested during recent consolidations. 

Wednesday, November 9, 2016

Gold - Gold price spiked to new highs after the US elections results but the highs .. - Read more ..

Daily  Report Gold by  instaforex



Gold price spiked to new highs after the US elections results but the highs are not sustained as price is pulling back down. Yesterday prices reached as low as $1,270 and this is important support now. 

Daily Report USDX .. Read more ..

Daily  Report  Global Macro  by  instaforex



There is plenty of evidence that the 45th president of the United Stated will be Donald Trump, who secured his White House seat when he won over 270 votes in the general election this night. 

Daily Report in FOREX ..Read more ..

Daily  Report in FOREX  by  instaforex



EUR/USD: As it was already anticipated, the EUR/USD has shot skywards in conjunction with the recent bullish signal in the market. Price went upwards by over 290 pips early today, almost reaching the resistance line at 1.1300. A retracement is expected, after which the uptrend would resume. The next target to be reached today or tomorrow is the resistance line at 1.1300. 

Friday, November 4, 2016

GBP/USD - If we see a breakout above the resistance zone of 1.2465 .. - Read more ..

Daily  Report GBP/USD by  instaforex


GBP/USD skyrocketed during Thursday's session after the UK High Court ruled to leave the Brexit's decision to the mercy of the UK Parliament, discarding the idea that Theresa May's government may trigger the Article 50 without their authorization. 

Wednesday, November 2, 2016

USA - Unemployment rates were lower in September than a year earlier in 224 of the 387 metropolitan areas, higher in 141 areas, and unchanged in 22 areas .. - BLS

Press Release - METROPOLITAN AREA EMPLOYMENT AND UNEMPLOYMENT — SEPTEMBER 2016 



Unemployment rates were lower in September than a year earlier in 224 of the 387 metropolitan areas, higher in 141 areas, and unchanged in 22 areas, the U.S. Bureau of Labor Statistics reported today. 

Silver - A turn lower from here would push prices lower .. - Read more ..

Daily  Report Silver by  instaforex



Silver has almost hit the expected target at $18.50 levels as discussed earlier. The metal trades at $18.45 levels for now, looking to retrace/resume lower after hitting the past support turned resistance zone as well, as depicted here. 

EUR/USD - The pair is pretty close to forming a top and reverse lower... - Read more ..

Daily  Report EUR/USD by  instaforex



The EUR/USD pair seems to have achieved its initial soft target at 1.1030/40 levels and also exceeded the same. The pair has made interim highs at 1.1070 levels right now and is poised to prepare to drop from here. 

USD/CHF - The U.S. dollar found itself on the defensive side as traders adjusted their positions ..- Read more ..

Daily  Report USD/CHF by  instaforex



USD/CHF is expected to prevail its downside prevails. The pair broke below its 20-period and 50-period moving averages and accelerated on the downside. 

Tuesday, November 1, 2016

Gold - The most possible outcome will be a push towards .. - Read more ..

Daily  Report Gold by  instaforex



Gold price remains above support and is preparing to break above the recent highs at $1,285. A daily close above $1,280 will help Gold push towards $1,300 and higher. 

Daily Report in FOREX .. Read more

Daily  Report in FOREX  by  instaforex



EUR/USD: There seems to be a novel bullish signal on the EUR/USD, owing to what happened in the market on Monday. Price actions reveals willingness to push price further upwards, targeting the resistance lines at 1.1000, 1.1050 and 1.1100. This could lead to a Bullish Confirmation Pattern in the 4-hour chart. 

USD/CAD - Bearish rejection should be anticipated around the current price levels .. - Read more ..

Daily  Report USD/CAD by  instaforex



On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of a significant bearish rejection was manifested during recent consolidations.