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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%.