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Thursday, January 26, 2017

Crude Oil - US oil production is on the increase - Read more ..

Daily  Report Crude Oil by  instaforex




Despite the agreement on production cuts signed by OPEC members and other major oil producers in December 2016 in an attempt to raise prices, their efforts could be derailed as US oil production is on the increase. 

USD/CHF - The major resistance is seen at 1.0068, while immediate support is found at 0.9958 - Read more ..

Daily  Report USD/CHF by  instaforex



The USD/CHF pair was trading around the area of 1.0000 two days ago. Today, the level of 0.9958 represents a daily support in the H1 time frame. The pair has already formed the minor resistance at 1.0026 and the strong resistance is seen at the level of 1.0068 as it represents the weekly resistance 1

Wednesday, January 25, 2017

Daily Report in FOREX - Read more ..

Daily  Report in FOREX  by  instaforex



EUR/USD: The EUR/USD pair remains in a bullish mode. There is a Bullish Confirmation Pattern on the 4-hour chart and price is expected to go further upwards, following the current short-term consolidation. Price can still reach the resistance lines at 1.0800 and 1.0850. 

Monday, January 23, 2017

Stabilizing closing in negative territory for the Dow Jones Industrial Average ..

USA Markets - Technical Analysis charts 

Dow Jones Industrial Average


Stabilizing closing in negative territory for the Dow Jones Industrial Average. The American index for another meeting rotates in a narrow range between 9 EMA and 21 EMA on the level of 19,800 m looking direction .. 

Friday, January 20, 2017

Daily Report in FOREX - Read more ..

Daily  Report in FOREX by  instaforex




EUR/USD: There is a bullish signal on the EUR/USD. The EMA 11 is above the EMA 56 and the Williams' % Range period 20 is trying to slope upwards, after just leaving the overbought region. Further upwards movement is anticipated and the resistance lines at 1.0650, 1.0700 and 1.0750 would soon be tested. 

Thursday, January 19, 2017

Technical analysis of USD/CHF - Read more..

Daily  Report USD/CHF by  instaforex


The USD/CHF pair dropped sharply from the level of 1.0148 towards 1.0027. Now, the price is set at 1.0068. 

USA Economy - The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in December on a seasonally adjusted basis - bls

NEWS Release - CONSUMER PRICE INDEX – DECEMBER 2016



The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.1 percent before seasonal adjustment. 

EUR/GBP - The near-term outlook is still bullish.- Read more ..

Daily Report Global macro by  instaforex




The market analysts were surprised by the latest data from the British jobs market. The Claimant Count Change (provides data about those individuals who are out of work and who are claiming unemployment benefits) declined -10.1k unexpectedly, while market analysts expected a slight rise of 4.6k after 1.3k increase a month ago.

Tuesday, January 17, 2017

USD/CHF - If the pair succeeds to pass through the level of 1.0040, the market will indicate .. - Read more ..

Daily  Report USD/CHF by  instaforex




The USD/CHF pair continues to move downwards from the level of 1.0173. The pair dropped from the level of 1.0173 to the bottom around 1.0075. This week, the first resistance level is seen at 1.0173 followed by 1.0173, while daily support 1 is found at 1.0040.

EU Economy - The European Union (EU) surplus in trade in services fell in 2015 for the second year in a row. It stood at €145.9 bn, compared with €170.4 bn in 2014 and a peak of €177.7 bn in 2013.. - Eurostat

Press Release - International Trade in Services EU surplus down in 2015 for a second consecutive year



The USA, by far the main partner for both exports and imports 

The European Union (EU) surplus in trade in services fell in 2015 for the second year in a row. It stood at €145.9 bn, compared with €170.4 bn in 2014 and a peak of €177.7 bn in 2013.

GBP/JPY - The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point.- Read more

Daily  Report GBP/JPY by  instaforex




GBP/JPY is under pressure. The pair is consolidating on the downside below its key resistance at 138, which should limit the upside potential. 

USA - U.S. production of ethane is expected to increase from an average of 1.25 million barrels per day (b/d) in 2016 to 1.7 million b/d in 2018 .. - eia

Publication -  U.S. ethane production, consumption, and exports expected to increase through 2018




U.S. production of ethane is expected to increase from an average of 1.25 million barrels per day (b/d) in 2016 to 1.7 million b/d in 2018 according to EIA’s latest Short-Term Energy Outlook (STEO). Increased ethane production is expected to be consumed in the petrochemical industry domestically as well as exported to other countries.

Monday, January 16, 2017

Technical analysis of USD/CAD - Read more ..

Daily  Report USD/CAD  by  instaforex


The bottom of the wave a (purple) seems to be in place and now the market is trading around the weekly pivot at the level of 1.3143. 

Gold - Trend remains bullish, but a pullback is very close - Read more ..

Daily  Report Gold by  instaforex


Gold price remains inside the bullish channel making higher highs and higher lows. However there are several short-term warning signs that a pullback is imminent. 

EUR/USD - In overall, we still prefer the bearish scenario as long as the price is below the level of 1.0643 - Read more ..

Daily  Report EUR/USD by  instaforex



The EUR/USD pair faced resistance at the level of 1.0684, while minor resistance is seen at 1.0643. Support is found at the levels of 1.0512 and 1.0471 in the H1 time frame at the moment. Besides, it should be noted that a weekly pivot point has already seen at the level of 1.0512.