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Wednesday, November 8, 2017

EUR/USD - 08 Nov. - The Probability still remains for another low ..- Read more..

Daily  Report EUR/USD by  instaforex



Technical outlook: EUR/USD 4H chart has been presented here with the most probable wave count, to get the medium term outlook for the pair. Looking at the developments here, the pair seems to be either forming a leading diagonal pattern from the top at 1.2092 levels or a double zigzag (not labelled here as an alternative). In either case, we expected a new low below 1.1573 levels before turning higher again. 

Tuesday, November 7, 2017

USD/CHF - 07 Nov.- The market indicates a bullish opportunity at the level ..- Read more..

Daily  Report USD/CHF by  instaforex


The USD/CHF pair broke the resistance at the price of 0.9998 which acts as support since last week.The pair has already formed major support at 0.9942. The strong support is seen at the level of 0.9898. And the minor support is seen at 0.9998 now. 

Tuesday, October 31, 2017

Gold - 31 Oct.- The trend remains bearish.. Read more ..

Daily  Report Gold by  instaforex


Gold price made a higher high in the very short term yesterday, breaking above and out of the downward sloping wedge, but price remains below the 4 hour Cloud resistance. The trend remains bearish.

EU Economy - Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and in the EU28..- Eurostat

Press Release - Preliminary flash estimate for the third quarter of 2017 GDP up by 0.6% in both the euro area and the EU28 +2.5% in both areas compared with the third quarter of 2016



 Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and in the EU28 during the third quarter of 2017, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat,

USD/CAD - 31 Oct. - Today is going to be a volatile day for CAD ..- Read more

Daily  Report USD/CAD by  instaforex



USD/CAD has been quite bullish recently which is currently quite corrective and showed some bullish rejections off the 1.2800-50 resistance area. USD has been positive with the economic reports which helped the currency to gain momentum against CAD.

Wednesday, October 25, 2017

Daily Report In FOREX - 25 Oct. - Trend remain Bullish for EUR/JPY ..- Read more

Daily  Report In FOREX by  instaforex


EUR/USD: The EUR/USD has not moved significantly this week. However, a movement that is directional is expected soon, which either would take price above the resistance line at 1.1850 or below the support line at 1.1700. Until one of the two boundaries are breached, the bias on the market would be neutral.

Tuesday, October 24, 2017

Gold -24Oct. - Next important resistance for bulls is at $1,290 - Read more..

Daily Report Gold by instaforex


The Gold price has broken out of the downward sloping wedge pattern but has stopped right at the short-term cloud resistance at $1,282. Price needs to break above $1,282 and especially $1,290 for any upward move to consider the start of the next upward move to $1,400.

USD/CHF - 24 Oct. - The market is still in an uptrend ..- Read more ..

Daily  Report USD/CHF by  instaforex


The USD/CHF pair continues to move upwards from the levels of 0.9744 and 0.9800. Hence, the spot of 0.9744 and 0.9800 represents strong support today. Since the trend is above this level, the market is still in an uptrend. 

Monday, October 23, 2017

EUR/USD - October 23 - If the pair succeeds to pass through the level of 1.1836, the market will indicate ... Read more

Daily  Report EUR/USD by  instaforex


Last week, the EUR/USD pair fell from the level of 1.1836 towards 1.1716. However, the trend rebounded to the key level around the spot of 1.1873/1.1800. Right now, the price is set at 1.1804. 

Monday, May 29, 2017

USD/JPY 29 MAY - The Preliminary GDP data from the US surprised market participants..- Read more ..

Daily  Report USD/JPY by  instaforex



The Preliminary GDP data from the US surprised market participants. The US Commerce Department reported the first-quarter GDP was revised up to 1.2% instead of the 0.7% pace reported last month, while market participants expected only a 0.9% increase.

EUR/USD 29 MAY - The bullish outlook remains valid as long as ..- Read more ..

Daily  Report EUR/USD by  instaforex



The EUR/USD pair is showing signs of strength following a breakout of a high at 1.1129 (pivot point). The level of 1.1129 coincides with 78.6% of Fibonacci, which is expected to act as a minor support today. 

Friday, May 26, 2017

U.S. crude oil imports averaged 8.3 million barrels per day last week - That was down by 296,000 barrels per day from the previous week..- eia

NEWS Release -  24/05/2017 - Weekly Petroleum Status Report


U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending May 19, 2017, 159,000 barrels per day more than the previous week’s average. Refineries operated at 93.5% of their operable capacity last week.

Daily Report in FOREX 26 MAY - Read more ..

Daily  Report in FOREX by  instaforex


EUR/USD: This pair has moved between the support line at 1.1150 and the resistance line at 1.1250 (which has been tested several times this week). The resistance line is supposed to be breached to the upside as the market trends upwards. When that happens, the next target would be the resistance line at 1.1300.

Thursday, May 25, 2017

USD/CHF 25 MAY - The pair USD/CHF is under pressure.. - Read more ..

Daily  Report USD/CHF by  instaforex



USD/CHF is under pressure. The pair broke below the rising trend line since May 23 and both 20-period and 50-period moving averages. 

Wednesday, May 24, 2017

Daily Report - Trading plan 24 MAY - EUR/USD - GBP/USD .. Read more ..

Daily  Report -Trading plan by  instaforex



Technical outlook: The EUR/USD bullish story continued until yesterday with the 3rd wave extension hitting into 1.1263 levels before reversing lower. The pair has broken its immediate support trend line on the hourly chart and is on the verge of breaking its first price support at 1.1161 levels as well. 

Gold 24 MAY - Gold price could still move lower ..- Read more..

Daily  Report Gold by  instaforex



Gold price pulled back from $1,260 area as expected. Gold price could still move lower towards $1,240-45 area before the next upward move towards $1,280-$1,300.

Tuesday, May 23, 2017

EUR/JPY - 23 MAY - Eurozone economy was growing at the fastest pace in six years - Read more ..

Daily  Report EUR/JPY by  instaforex



The Flash PMI data from across the Eurozone have surprised market participants. The PMI Composite Index for the whole Eurozone area was at the level of 56.8 points in May, which indicated that the economy was growing at the fastest pace in six years.

Germany - The German economy continues to grow - The gross domestic product (GDP) rose 0.6% ..- Destatis

Press Release - 2017-05-23 - Detailed gross domestic product results for the 1st quarter of 2017



WIESBADEN – The German economy continues to grow. In the first quarter of 2017, the gross domestic product (GDP) rose 0.6% on the fourth quarter of 2016 after adjustment for price, seasonal and calendar variations. 

USD/CHF - 23 MAY - If the trend breaks the minor support at 0.9691, the pair will move . - Read more ..

Daily  Report USD/CHF by  instaforex



The market opened below the daily pivot point (0.9739). It continued to move downwards from the level of 0.9787 to the bottom around 0.9739. Today, the first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. 

Friday, May 19, 2017

USA - The jobless rate of nativeborn persons fell to 5.0 percent in 2016 from 5.4 percent in the prior year.. - bls



NEWS Release  - FOREIGN-BORN WORKERS: LABOR FORCE CHARACTERISTICS — 2016

 The unemployment rate for foreign-born persons in the United States was 4.3 percent in 2016, down from 4.9 percent in 2015, the U.S. Bureau of Labor Statistics reported today. The jobless rate of nativeborn persons fell to 5.0 percent in 2016 from 5.4 percent in the prior year. 

GBP/USD - The market has broken above the level of 1.3000 - Read more..

Daily  Report GBP/USD by  instaforex



Very good sales data from the United Kingdom has surprised market participants. After the last month drop of -1.4%, the Retails Sales With Auto Fuel increased 2.3% for April compared with expectations of an increase of around 1.2%. 

Wednesday, May 17, 2017

USD/CHF - is under pressure ..- Read more ..

Daily  Report USD/CHF by  instaforex


USD/CHF is under pressure. The pair recorded lower tops and lower bottoms Since May 11, which confirmed a bearish outlook. The downward momentum is further reinforced by the descending 20-period and 50-period moving averages. 

Daily Report - Trading plan in Forex - The stock market is put under the pressure be the worsening sentiment..- Read more

Daily  Report - Trading plan in FOREX by  instaforex



Trading plan for 17/05/2017: The US Dollar is losing ground on Wednesday in reaction to a political scandal in Washington. The stock market is put under the pressure be the worsening sentiment. The Shanghai Composite lost 0.2%, while Nikkei is down 0.6%. 

Friday, April 21, 2017

USA - At the end of March 2016, U.S. natural gas storage inventories were near the highest on record for the end of a heating season .- eia

Publication - Natural gas inventories end heating season above five-year average - APRIL 21, 2017



Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or almost 15% above the five-year average according to EIA's Weekly Natural Gas Storage Report

USA - The number of families with at least one member unemployed decreased by 314,000 to 5.3 million in 2016..- bls



NEWS Release - EMPLOYMENT CHARACTERISTICS OF FAMILIES — 2016 - Thursday, April 20/ 2017

In 2016, 6.5 percent of families included an unemployed person, down from 6.9 percent in 2015, the U.S. Bureau of Labor Statistics reported today. Of the nation’s 82.1 million families, 80.4 percent had at least one employed member in 2016.

USD/CHF - The price has rejected the bears off the level 0.9950 .- Read more..

Daily  Report USD/CHF by  instaforex


USD/CHF is currently hovering between the corrective structure of 0.9950 to 1.0068. Today is quite an important day for USD as Flash Manufacturing PMI report is due later, which is expected to be at 53.9 which previously was at 53.3, 

Gold price continues to move sideways in a corrective manner ..- Read more..

Daily  Report Gold by  instaforex



Gold price continues to move sideways in a corrective manner. The move that started from recent highs is part of a correction and we are just above the 38% Fibonacci retracement of the rise from $1,246. 

Thursday, April 20, 2017

EUR/USD and GBP/USD - Daily Report ..

Daily Report - Trading Plan for EUR/USD and GBP/USD by instaforex


Technical outlook: Finally, the EUR/USD pair has touched 1.0777 levels, which is fibonacci 0.618 resistance of the entire drop between 1.0906 through 1.0569 levels respectively. Please note that prices reversed sharply and an interim low at 1.0742 has been made until now. 

Germany - In March 2017 the index of producer prices for industrial products rose by 3.1%..- Destatist

Press Release - Producer prices in March 2017: +3.1% on March 2016



WIESBADEN – In March 2017 the index of producer prices for industrial products rose by 3.1% compared with the corresponding month of the preceding year. Also in February 2017 the annual rate of change all over had been 3.1%, as reported by the Federal Statistical Office.

Crude oil - The prices fell down .- .Read more ,,

Daily  Report Crude oil by  instaforex


The prices of crude oil fell down yesterday after a bigger than expected drawdown in US oil inventories. Market participants expected a decrease of -1,000k barrels in stockpiles, while according to Energy Information Administration (EIA) data, the shortage was reported at the level of -1,034k barrels, following a draw of 2,170k barrels last week.

USD/CHF - Is under pressure .. Read more ..

Daily  Report USD/CHF by  instaforex


USD/CHF is under pressure as the key resistance is at 1.0005. Although the pair posted a rebound, it is still trading below its key resistance at 1.0005 (the low of April 17), which should limited the upside potential. 

Wednesday, April 19, 2017

Euro area annual inflation was 1.5% in March 2017, down from 2.0% in February..- Eurostat

Press Release - Annual inflation down to 1.5% in the euro area Down to 1.6% in the EU 


Euro area annual inflation was 1.5% in March 2017, down from 2.0% in February. In March 2016 the rate was 0.0%. European Union annual inflation was 1.6% in March 2017, down from 2.0% in February. A year earlier the rate was 0.0%. These figures come from Eurostat, the statistical office of the European Union. 

GBP/USD - Strong bullish momentum for the pair ..- Read more ..

Daily  Report GBP/USD by  instaforex


GBP/USD gained strong bullish momentum on Tuesday following UK PM Theresa May's announcement of a snap election for June 8th. In a technical view, the pair managed to consolidate above the 1.2700 handle. 

Tuesday, April 18, 2017

NZD/USD - The price spot of 0.7075 remains a significant resistance area .- Read more..

Daily  Report NZD/USD by  instaforex



The NZD/USD pair dropped from the level of 0.7075 towards 0.7004 since last week. The trend is still set below the 0.7075 level. The resistance of the NZD/USD pair is seen at the levels of 0.7075 and 0.7132. 

USD/CHF - As long as 1.0020 is not broken, look for a further rise to ..- Read more..

Daily  Report USD/CHF by  instaforex



USD/CHF is expected to continue the upside movement. The pair posted a rebound from 1.0005 (the low of April) and broke above the 20-period and 50-period moving averages. Additionally, the 20-period moving average is turning up. 

EUR/USD - The 1.06-1.0570 area is an important support area ..- Read more ..

Daily  Report EUR/USD by  instaforex


The EUR/USD has recently made an important trend reversal and bounced from critical long-term support at 1.0570. If the pattern repeats itself relative to the latest two price actions which were big upward moves, then we should start seeing some important resistance levels broken and a new move towards 1.10 at least could start.

Monday, April 17, 2017

USA - U.S crude oil production is forecast to average 9.2 million b/d in 2017 and 9.9 million b/d in 2018..- eia

Publication - SHORT-TERM ENERGY AND SUMMER FUELS OUTLOOK



Global liquid fuels

For the 2017 April-through-September summer driving season, U.S. regular gasoline retail prices are forecast to average $2.46/gallon (gal), compared with $2.23/gal last summer (see Summer Fuels Outlook). The higher forecast gasoline price is primarily the result of higher forecast crude oil prices. For all of 2017, the forecast average price for regular gasoline is $2.39/gal, which, if realized, would result in the average U.S. household spending about $200 more on motor fuel in 2017 compared with 2016.

Daily Report - EUR/USD - GBP/USD- .. Read more ..

Daily Report - Trading plan by instaforex


Technical outlook: Trading in the EUR/USD pair remained subdued after a weekend, but the structure still looks to be intact and favorable for bears. Please note that the pair had earlier dropped from 1.0906 to 1.0570 levels in 5 waves, labelled as wave 1, and subsequently rallied through 1.0680 into 3 waves, labelled as wave 2. 

Saturday, April 15, 2017

USD/CAD - Amid the USD negative economic reports, the price is showing some downward pressure currently - Read more..

Daily  Report USD/CAD by  instaforex


USD/CAD had impulsive bullish move yesterday after the massive selling the day before. This market is very volatile, and currently the price is in indecisive situation. 

Sunday, March 26, 2017

Το ευρώ εμφανίζει τάση ενίσχυσης σε εβδομαδιαία βάση έναντι του δολαρίου - ΗΠΑ ..- ALPHA BANK

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



Ισοτιμίες
Σύμφωνα με τα στοιχεία του Χρηματιστηρίου του Σικάγου, οι συνολικές καθαρές τοποθετήσεις (αγορές μείον πωλήσεις) για μη εμπορικές συναλλαγές (specs) στο ευρώ (Γράφημα ) την εβδομάδα που έληξε στις 14 Μαρτίου μειώθηκαν κατά 18.474 συμβόλαια, με αποτέλεσμα οι συνολικές καθαρές (αγορές μείον πωλήσεις) θέσεις να διαμορφωθούν στα -41.027 συμβόλαια από -59.501 που ήταν την προηγούμενη εβδομάδα.

Friday, March 24, 2017

EUR/ GBR - A stronger EUR gain can be sensed in the coming future against all the currency pairs including GBP.- Read more..

Daily  Report EUR/GBR by  instaforex



After retesting the 0.8760 resistance area the price has drastically fell towards 0.86. Today was an important day for EUR having French and German Manufacturing PMI where both posted positive result of 53.4 and 58.3, which was better than the forecast made for the events.

EUR/USD - Today is quite a positive day for EUR .- Read more..

Daily  Report EUR/USD by  instaforex



EUR/USD has been in a non-volatile up trend since the bounce from 1.0550 support level. Currently the price is correcting below the resistance of 1.0800. Today is quite a positive day for EUR having French Flash Manufacturing PMI at 53.4 which was expected to be at 52.4, French Flash Services report at 58.5 which was expected to be at 56.2, German Flash Manufacturing PMI at 58.3 which was expected to be at 56.6 and the German Flash Services report was positive with 55.6 which was expected to be at 54.5. 

Thursday, March 23, 2017

Silver - The price remains organized within the bullish channel..- Read more..

Daily  Report Silver by  instaforex



Silver price trading settles above 17.43 level that forms an important support base for the intraday trading. 

USD/CAD - The next bullish target would be located around ..- Read more ..

Daily  Report  USD/CAD by  instaforex



Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel).

Daily Report - EUR/USD - Gold by instaforex

Daily  Report - Trading plan by  instaforex



Technical Outlook: The EUR/USD pair has extended its rally since March 21, 2017, to 1.0825 levels as depicted here on the hourly chart setup. The pair has remained just shy by 4 pips to immediate resistance at 1.0829 levels (not seen here). 

Wednesday, March 22, 2017

Daily Report in FOREX ..- Read more ..

Daily  Report in FOREX by  instaforex



EUR/USD: This currency trading instrument has been going upwards since the beginning of this week; in continuation of the bullishness that began last week. Price is currently above the support line at 1.0800, going towards the resistance lines at 1.0850 and 1.0900. Since the initial targets for this week have already been exceeded, the aforementioned resistance lines are the next targets. 

EUR/JPY - As per the market flow, the price is heading downwards ..- Read more ..

Daily  Report EUR/JPY by  instaforex



EUR/JPY has seen quite volatile trading since the beginning of the week. As per the market flow, the price is heading downwards. Today JPY is broadly stronger thanks to the upbeat trade balance report that registered a surplus of 0.68T while the expected number was 0.55T.

Tuesday, March 21, 2017

Trading plan - EUR/USD - Gold by instaforex ..- Read more ..

Daily  Report - Trading plan by  instaforex



Technical outlook: The EUR/USD pair has beaten our expectations to form a high, by a few pips today and has made intraday highs at 1.0812 levels right now. The structure still indicates that the pair could be looking to test 1.0829 levels before finding resistance again. 

USD/CHF - The market will indicate a bearish opportunity below the level of ..- Read more ..

Daily  Report USD/CHF by  instaforex



The USD/CHF pair continues to move downwards from the levels of 1.0104, 1.0052 and 1.0015. The USD/CHF didn't make significant movement since last week. There are no changes in my technical outlook because the price is still moving around the spot of 0.9979-0.9933.

Monday, March 20, 2017

Trading plan - USD/CAD - GBP/USD - Crude Oil - AUD/USD - by instaforex ..- Read more ..

Daily Report - Trading plan by  instaforex



On Monday 20th of March, there is not much in event calendar, but the market participants will be paying attention to the Wholesale Sales data from Canada that will be released during the American session. 

USD/CAD analysis fro 20/03/2017: The Wholesale Sales data are scheduled for release at 12:30 pm GMT today and the market participants expect, that the value of sales made by Canadian wholesaler will decrease from 0.7% to 0.3% on a month-to-month basis.