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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.