Tag Archives: AUD Australian Dollar

Italy Inflation Steady In January

Italy’s consumer price inflation remained stable in January, data from the statistical office Istat showed on Friday. The consumer price index rose 0.5 percent year-on-year in January, same as seen in December. In the initial estimate, inflation was 0.6 percent. The core inflation excluding prices of energy and unprocessed food increased to 0.8 percent in January, as estimated. On a month-on-month basis, consumer prices edged up 0.1 percent in January. According to the initial estimate, the consumer prices rose 0.2 percent. The EU measure of harmonized index of consumer prices, or HICP, rose 0.4 percent annually in January, following a 0.5 percent climb in the previous month. Initially, the consumer prices were estimated to have remained unchanged. On a monthly basis, the HICP declined 1.8 percent in January, after a 0.2 percent rise in the prior month. In the initial estimate, the HICP fell 1.7 percent. Separate data from the statistical office showed that the seasonally adjusted industrial orders rose 1.4 percent in December, after a 0.2 percent fall in the prior month. Orders from the domestic market rose 6.9 percent and those from the foreign market fell 6.4 percent. On an annual basis, industrial orders…

*Latvia Jan Producer Prices Flat On Month

Latvia Jan Producer Prices Flat On Month The material has been provided by InstaForex Company – www.instaforex.com…

*Latvia Jan Producer Prices -1.3% On Year Vs. -1.1% In December

Latvia Jan Producer Prices -1.3% On Year Vs. -1.1% In December The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD. February 21. Analysis of COT reports for the pound over the past 5 weeks

GBP / USD – 4 H.
Good afternoon, dear traders! Here’s a graphical analysis of the GBP / USD currency pair speaks in favor of a restrained “bearish” mood. The downward trend range maintains good prospects for the decline of the British quotes; however, the pair often has corrections and pullbacks. Let’s try to figure out what is happening with the Briton by reviewing COT reports over the past 5 weeks.
The first thing that immediately catches your eye is the lack of a clear advantage of bulls or bears in the market. According to the latest report for February 11, the total number of open long and short positions was approximately equal: 199,222 contracts versus 203,764 contracts. Thus, based on these figures, we can conclude that the advantage is now minimal for bears, and it is for hedger bears, since the Non-commercial group is more in long-positions. But, having studied the Changes section, we clearly see that speculators in the last three weeks until February 11 practically did not change the ratio of long and short positions. The Commercial group has grown over 10,000 longs. Thus, in general, we can say that the advantage remains with sellers,…

Trading plan for EUR/USD for February 21st, 2020

Technical outlook:EUR/USD has been giving in to bears for the last 13 trading sessions from February 3rd, 2020. The entire drop from 1.1240 through 1.0780 can be the last leg within the ending diagonal structure on a larger time frame. Please note that prices found support at the Fibonacci 0.786 retracement of the previous rally between 1.0340 and 1.2555. A bullish reversal day can confirm that the drop is certainly completed and that the EUR/USD bulls are expected to remain in control. Please note that the drop from the 1.1095 level was very sharp. Hence, the recovery can also be the same since there is no resistance in the charts until the 1.1095 level. It is recommended to remain flat for now and wait for a bullish reversal signal in the daily chart before initiating long positions again. A potential engulfing bullish candlestick pattern is in progress. A day close above 1.0803 can confirm that.Trading plan:Remain flat for now. Wait for a bullish pattern to initiate long positions.Good luck!The material has been provided by InstaForex Company – www.instaforex.com…

Trader’s Diary: EUR/USD on 02/21/2020, Coronavirus stops, but its consequences are yet to come

A simple picture to understand: Car sales in China fell by a whopping 92% in the first half of February due to the coronavirus epidemic. Given the role of China as the second largest economy in the world, one can assess the danger to the global economy.Germany: Amid the epidemic in China, industrial orders fell sharply, and industry forecasts were negative.The fall of the euro is associated with risks for German exports.EURUSD: We look forward to a new fall.We keep euro sales from 1.0990 and sell from upward bounces, starting at 1.0860 or higher.The material has been provided by InstaForex Company – www.instaforex.com…

Japan All Industry Activity Stable In December

Japan’s all industry activity remained unchanged in December, figures from the Ministry of Economy, Trade and Industry showed on Friday. The all industry activity index remained unchanged month-on-month in December, after a 0.9 percent rise in November. Economists had expected a 0.3 percent rise. Among components, construction activity decline 2.0 percent monthly, following a 0.1 percent fall in November. The tertiary industry activity edged down 0.2 percent in December, after a 1.4 percent rise. Meanwhile, industrial production grew 1.2 percent in December, after a 1.0 percent decrease in the preceding month. On a yearly basis, the all industry activity index fell 1.4 percent in December, following a 2.8 percent decrease in the prior month. The material has been provided by InstaForex Company – www.instaforex.com…

Malaysia Inflation Increases In January

Malaysia’s consumer price inflation rose in January, figures from the Department of Statistics showed on Friday. The consumer price index rose 1.6 percent year-on-year in January following a 1.0 percent increase in December. This was in line with economists’ expectation. Among the main groups, prices for transport grew 3.9 percent annually in January. Prices for miscellaneous goods and services, and communication rose by 2.5 percent and 1.5 percent, respectively. Prices for housing, water, electricity, gas and other fuels, and education increased by 1.7 percent, each. On a month-on-month basis, consumer prices edged up 0.1 percent in January. The core CPI rose 17 percent annually in January. The material has been provided by InstaForex Company – www.instaforex.com…

Decline of Australian and New Zealand dollars is not over yet (we expect AUD/USD and NZD/USD pairs to continue to decline

The US dollar continues to receive significant support in the wake of the situation with coronavirus, and the effects of which on the markets led to its increase.
The ICE dollar index has been increasing steadily for the third week, breaking a strong resistance level of 99.00 points this week. The reason for this dynamic is a shift in investor attention from the Asia-Pacific region and Europe to the United States. The situation with coronavirus in China and expectations of its negative consequences not only on the economy of this country, but also on this region as a whole, are forcing investors to “go” to the American dollar, which is currently regarded as a full-fledged currency-refuge. Moreover, even the traditional Japanese yen in these cases declined markedly with the dollar, falling to the values of April last year.
As we indicated earlier, the reasons for this situation in the markets are the expectation of a noticeable weakening of the growth of the Chinese economy in the first quarter, which will undoubtedly hit the whole region in particular and the world economy as a whole. A strong drop in exchange rates in Asia is already observed. At the same time, Australian…