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Wednesday, December 21, 2016

With my best regards !!!






Another year ends in a few days .. with even more friends and readers have been added in our company ..  A big thanks to you all with my best regards .. for the new year !!!

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USA - Distillate fuel production decreased last week, averaging 5.0 million barrels per day.. - eia

Press Release -  Weekly Petroleum Data  Status Report



Highlights

U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending December 9, 2016, 57,000 barrels per day more than the previous week’s average. Refineries operated at 90.5% of their operable capacity last week. 

Gold - As long as price remains below $1,150-60 the target is lower ..- Read more ..

Daily  Report Gold by  instaforex


Gold remains in bearish trend targeting $1.120-$1,100. As long as price remains below $1,150-60 the target is lower. Longer-term view remains unchanged waiting for a big trend reversal. 

USD/JPY - The bulls are clearly in control over this market for now .. - Read more ..

Daily  Report USD/JPY by  instaforex



The Bank of Japan has left the overnight call rate unchanged at the level of -0.10% just as expected. Moreover, the 10-year JGB yield target is left at around zero %, and the buying of JGBs is still targeted at an annual pace of 80T Yen. 

Tuesday, December 20, 2016

USA - Technical Analysis charts ..

Technical Analysis charts - USA Index 

Dow Jones Industrial Average


EUR/USD - The pair is expected to finally terminate around parity levels ..- Read more ..

Daily  Report EUR/USD by  instaforex




The EUR/USD pair made a meaningful top on December 8, 2016 which can safely be defined as the wave (2) of the drop from 1.1300 levels earlier. 

Silver - The price is likely to test 15.49 levels initially.. - Read more ..

Daily  Report Silver by  instaforex


The silver price resumes downward movements trading below 16.00, which supports the bearish scenario for the rest of the day. 

USD/JPY - The pair is trading above its pivot point, it is likely to trade in a wider range as long as.. - Read more ..

Daily  Report USD/JPY by  instaforex



USD/JPY is expected to trade in higher range as the bias remains bullish. The pair recorded a succession of lower tops and lower bottoms since Dec 16, which confirms a bearish view. 

Friday, December 16, 2016

USD/CHF - History will repeat itself again at the level of 1.0189 - Read more ..

Daily  Report  USD/CHF by  instaforex



The USD/CHF pair holds above strong support at the level of 1.0189. History will repeat itself again at the level of 1.0189. 

Gold - Trend remains bearish. - Read more ..

Daily  Report Gold by  instaforex


Gold price made a new low towards our next target of $1,120 where the 78.6% Fibonacci retracement of the entire 2015-2016 rise is found. Trend remains bearish. 

Wednesday, December 14, 2016

Daily Report in FOREX - Read more ..

Daily  Report in FOREX by  instaforex


EUR/USD: The EUR/USD pair tried to go upward earlier this week. The upwards movement could be taken as another short-selling opportunity, unless the resistance line at 1.0800 is overcome (which would require a serious buying pressure). Price may still target the support lines at 1.0600 and 1.0550.

Tuesday, December 13, 2016

Germany's Economy - Consumer prices in Germany were 0.8% higher in November 2016 than in November 2015 ..- Destatis

Press Release -   Consumer prices in November 2016: +0.8% on November 2015




WIESBADEN – Consumer prices in Germany were 0.8% higher in November 2016 than in November 2015. This means that the inflation remains at the two-year-high reached in the previous month. Compared with October 2016, the consumer price index rose by 0.1% in November 2016. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 29 November 2016.

The ZEW Economic Sentiment indicator increased to 18.1 points, while market participants expected only a slight increase to 16.5 points from 15.8 a month ago ..- Read more

Global macro /  Report EUR/USD by  instaforex



The ZEW Economic Sentiment indicator, aggregating economic forecasting group of German institutional investors and analysts for the next six months, increased to 18.1 points, while market participants expected only a slight increase to 16.5 points from 15.8 a month ago. 

EU - The number of persons employed increased by 0.2% in both the euro area (EA19) and the EU28 in the third quarter of 2016 ..- Eurostat

Press Release - Third quarter of 2016 compared with the second quarter of 2016 Employment up by 0.2% in both euro area and EU28 +1.2% and +1.1% respectively compared with the third quarter of 2015 



The number of persons employed increased by 0.2% in both the euro area (EA19) and the EU28 in the third quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union.

Gold - Trend remains bearish with increased chances of reaching $1,120.- Read more ..

Daily  Report Gold by  instaforex



Gold bounced towards $1,167 yesterday but the bounce was not strong enough to break above resistance of $1,180. Trend remains bearish with increased chances of reaching $1,120.

EUR/JPY - A break above 123.35 it shows us that the upward wave is not completed - Read more ..

Daily  Report EUR/JPY by  instaforex


Our preferred count shows that an expanded flat wave (iv) is building. We have seen wave a and b and wave c lower towards the 118.00 - 118.38 area is now unfolding from 123.35. 

Monday, December 12, 2016

USA - Most areas of the United States experienced record warmth over the winter 2015–16 as a result of a strong El Niño weather pattern over the Pacific Ocean -

Publication -  Winter residential electricity consumption expected to increase from last winter



EIA’s Short-Term Energy Outlook (STEO) projects that the average residential customer will consume 4% more electricity over December through March compared with the same period last winter. 

EU Economy - Structure of Earnings Survey How are earnings distributed in the EU?..- Report Eurostat

Press Release - Structure of Earnings Survey -  How are earnings distributed in the EU? Differences across  - Member States and economic activities 


Notable discrepancies can be observed in the Member States of the European Union (EU) in gross hourly earnings, not only between the 10% of employees earning the least and the 10% earning the most, but also according to the economic activity, with financial and insurance activities being among the highest paying industries in every EU Member State and accommodation and food services among the lowest paying.

EUR/USD - The market will indicate a bullish opportunity above the new strong support level of 1.0517 - Read more ..

Daily  Report EUR/USD by  instaforex


The EUR/USD pair has faced strong support at the level of 1.0517 on the H4 chart. So, the strong support has already formed at the level of 1.0517 and the pair is likely to try to approach and test it again. 

Daily Report in FOREX - Read more ..

Daily  Report in FOREX by  instaforex



EUR/USD: There is a clean "sell" signal on this pair. Price generally moved downwards last week, closing below the resistance line at 1.0600, and nearly reaching the support line at 1.0550. This week, price could reach the support lines at 1.0550, 1.0500, and 1.0450, for the outlook on the market is bearish. In fact, there is a possibility that the EUR may reach parity with the USD in a foreseeable future. 

Thursday, December 8, 2016

EUR/USD - Currently, the most important support is set at the level of 1.0687 and any violation of this level ..- Read more

Daily  Report EUR/USD by  instaforex


The European Central Bank has decided to leave the key interest rate unchanged at 0.0%, which was in line with expectations. 

USA Economy - Real gross domestic product (GDP) increased in 41 states ..- Bureau of Economic Analysis

Press Release -  Gross Domestic Product by State: Second Quarter 2016  - Transportation and Warehousing Led Growth Across States in the Second Quarter



Real gross domestic product (GDP) increased in 41 states and the District of Columbia in the second quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. 

GBP/USD - Only a clear breakout above the technical resistance at 1.2772 opens the way to test ..- Read more ..

Daily  Report GBP/USD by  instaforex



The British industrial production data was released yesterday and it disappointed market participants. According to the Office for National Statistics, industrial output declined 1.3% in November, following September's drop of 0.4% and falling behind the 0.2% rise forecast.

Daily Report in FOREX .. - Read more

Daily  Report in FOREX  by  instaforex


EUR/USD: There is still a "buy" signal on the EUR/USD pair. The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is often around the overbought area. The bullish signal is supposed to continue as price would target the resistance lines at 1.0800, 1.0850, and 1.0900 today or tomorrow. 

Wednesday, December 7, 2016

USD/CHF - If the pair fails to pass through the level of 0.6558, the market will indicate a bearish opportunity..- Read more..


Daily  Report USD/CHF by  instaforex


The trend of the USD/CHF pair's movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. According to the previous events, the price is still moving between the levels of 1.0062 and 1.0200.

EUR/JPY - One last wave to the upside remains at the level of 124.00 ..- Read more..

Daily  Report EUR/JPY by  instaforex



The market is still trading inside a trading range between the levels of 121.86 and 123.17. It looks like the wave -iv- is unfolding now, possibly in the shape of a triangle. 

Tuesday, December 6, 2016

Gold - A short-term trend remains bearish but very close to changing .- Read more ..

Daily  Report Gold by  instaforex




Gold price remains above a critical long-term support area at the 61.8% Fibonacci level of the entire rise from $1,045 to $1,375. 

Europe - Seasonally adjusted GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the third quarter of 2016 .. - Eurostat

Press Release - GDP up by 0.3% in the euro area and by 0.4% in the EU28




GDP and main aggregates estimate for the third quarter of 2016 GDP up by 0.3% in the euro area and by 0.4% in the EU28 +1.7% and +1.9% respectively compared with the third quarter of 2015 

EUR/JPY - On top of the 123,19 focuses the attention for turnaround ..- Read more ..

Daily  Report EUR/JPY by  instaforex


The break above resistance at 121.89 invalidated the expected triangle consolidation and instead told us that an expanded flat is unfolding. 

Germany - In October 2016, domestic orders increased by 6.3% and foreign orders by 3.9% on the previous month ..- Destatis

Press Release - Manufacturing in October 2016: New orders +4.9% seasonally adjusted on the previous month


WIESBADEN – Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in October 2016 a seasonally and working-day adjusted 4.9% on September 2016. 

GBP/USD - Daily persistence below 1.2700 confirmed the bearish Flag pattern.- Read more ..

Daily  Report GBP/USD by  instaforex


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

Friday, December 2, 2016

German Economy - Germany was the fourth largest trading nation among G20 countries in 2015.. - Destatis)

NEWS Release -  G20 Presidency: Germany is fourth largest trading nation among G20 countries



On 1 December 2016, Germany officially takes over the G20 Presidency from China. 

USD/CHF - We still prefer the bearish scenario as long as the price is below the level of ..- Read more ..

Daily  Report USD/CHF by  instaforex



The USD/CHF pair movement was mixed as it took place in a narrow sideways channel for a while. There are no changes in our technical outlook. 

USA - In September 2016, the fill rate across all industries was 1.0, as 5.2 million people were hired during the month and there were 5.4 million job openings at the end of the month .. - BLS

NEWS Release -  Fill rates and labor market activity





The fill rate is a ratio of the number of hires during the month to the number of job openings at the end of the month. In September 2016, the fill rate across all industries was 1.0, as 5.2 million people were hired during the month and there were 5.4 million job openings at the end of the month.

EUR/JPY - We are only looking for correction ..- Read more ..

Daily  Report EUR/JPY by  instaforex



A test of the pitchfork resistance-line near 121.95 is now being seen. This is close to the (iv) top at 122.00 seen on June 23. Ideally a small spike just above 122.00 will be seen, but we have entered an area, 

Thursday, December 1, 2016

USA Economy - In the second quarter, real GDP increased 1.4 percent .. - Bureau of Economic Analysis

NEWS Release - National Income and Product AccountsGross Domestic Product: Third Quarter 2016 (Second Estimate) Corporate Profits: Third Quarter 2016 (Preliminary Estimate)



Real gross domestic product increased at an annual rate of 3.2 percent in the third quarter of 2016 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent.

Daily Report in FOREX .. Read more

Daily  Report in FOREX by  instaforex


EUR/USD: There has not been any strong movement on the EUR/USD pair so far this week, but the bias is bearish. The EMA 11 is below the EMA 56, and the Williams' % Range period 20 is poised to drop further into the oversold territory, as soon as price starts going further south. Only a pullback on USD/CHF would cause this market rally. Some fundamental figures are expected today and they would have impact on the market. 

Gold - Price remains inside the bearish channe, but bears need to be very cautious .. - Read more .

Daily  Report Gold by  instaforex



Gold price made a new low yesterday. I warned that a break below $1,177 would open the way for a new low. 

GBP/USD - Neutral voltage remains as the rotation continues around the resistance of 1,2516 ..- Read more

Daily  Report GBP/USD by  instaforex


GBP/USD is still keeping the sideways range established since several days ago, finding strong resistance around 1.2516.