Tag Archives: commodities

*U.S. Leading Economic Index Climbs 0.8% In January

U.S. Leading Economic Index Climbs 0.8% In January The material has been provided by InstaForex Company – www.instaforex.com…

Poland Industrial Production Rises; Producer Price Inflation Slows

Poland’s industrial production rose unexpectedly in January, and producer price inflation slowed, figures from the Statistics Poland showed on Thursday. Industrial production rose 1.1 percent year-on-year in January. Economists had expected a 0.1 percent fall. Manufacturing output rose 1.9 percent annually in January. Among the main sectors, production of water supply grew 7.5 percent. Meanwhile, production of mining and quarrying, and electricity, gas, steam and air conditioning supply declined 10.4 percent and 4.2 percent, respectively. Intermediate goods output increased by 3.1 percent, and production of durable consumer goods and capital goods rose by 2.0 percent and 1.0 percent, respectively. Energy and non-durable consumer goods production decreased by 3.7 percent and 1.0 percent, respectively. On a monthly basis, industrial production gained 4.5 percent in January. On a seasonally adjusted basis, industrial production rose 3.5 percent annually in January. Another data showed that the producer prices rose 0.8 percent year-on-year in January, slower than 1.0 percent in December. This was in line with economists’ expectation. On a month-on-month basis, producer prices edged up 0.1 percent in January, same as seen in the preceding month. The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD: plan for the US session on February 20. The pound goes against all the rules. A good report on retail sales led

To open long positions on GBPUSD, you need:
Major sellers of the pound acted exactly according to yesterday’s scenario and taking advantage of good news on the volume of retail sales in the UK today. They drop the GBP/USD pair to another monthly low. A small rebound up to 1.2930 served only as a good level for opening new short positions. At the moment, the bears rested on the support of 1.2851, around which trade is conducted. Several tests have only led to a small upward correction of the pair. So an important task for buyers in the second half of the day will be to return the resistance to 1.2884, which will lead to a more powerful upward momentum in the area of 1.2922 and 1.2967, where I recommend fixing the profits. In the scenario of a support breakout of 1.2851, it is best to return to long positions on the rebound from the lows of 1.2830 and 1.2799.
To open short positions on GBPUSD, you need:
The bears continued to push the pound down. Major players took advantage of the good news on the UK and retail sales, which allowed them to quickly gain large positions on the background of speculators’ purchases,…

*UK Jan Retail Sales Ex-auto Fuel Up 1.6% M/M V. -0.8% In Dec, Consensus 0.8%

UK Jan Retail Sales Ex-auto Fuel Up 1.6% M/M V. -0.8% In Dec, Consensus 0.8% The material has been provided by InstaForex Company – www.instaforex.com…

Gold 02.20.2020 – Overbought condition and resistance on the test at $1.617

Technical analysis:Gold has been trading upwards. The price tested the level of $1.618. I see resistance at the level of $1.617 (Upper diagonal of Pitchfork channel), which is indication that Gold is overbought zone and that buying looks risky at this stage.Watch for potential downside rotation if you see any topping pattern or bearish divergence on the lower time-frames. Downside objectives are set at the price of $1.604 and $1.593.Stochastic oscillator is showing overbought condition, which adds even more risk for buyers. Major resistances is set at the price of $1.617 Support levels are set at the price of $1.604 and $1.593The material has been provided by InstaForex Company – www.instaforex.com…

South Korea Producer Prices Rise For Second Month

South Korea’s producer prices increased for the second time in January, data published by Bank of Korea showed on Thursday. Producer prices increased 1.0 percent year-on-year in January, after a 0.7 percent rise in December. The latest annual growth was driven by a 5.4 percent rise in agricultural, forestry and marine products prices. Prices for electric power, gas, water and waste, and services gained 2.8 percent and 1.3 percent, respectively. Prices for manufacturing products rose 0.2 percent. On a monthly basis, producer prices rose 0.2 percent in January, slower than 0.3 percent increase in the prior month. The material has been provided by InstaForex Company – www.instaforex.com…

Euro, pull yourself together!

The total weakening of the European currency is starting to seriously worry the market. It looks like a protracted disease that the euro cannot get rid of. Experts fear that with a prolonged fall in the euro, it will “slip through” all the chances for recovery that the market gives from time to time.
Currently, the single European currency continues to stomp within annual lows, and in relation to the US currency, it has fallen to three-year lows. An extremely weak data on the Eurozone business sentiment index from ZEW became an additional nail in the coffin for the euro. Recall that February of this year, the ZEW economic sentiment indicator for Germany rapidly fell to 8.7 points from 26.7 points recorded in January. Analysts also noted a deterioration in the assessment of the economic situation. By the beginning of this year, the German economy had disappointed the market. A negative reaction to an outbreak of coronavirus infection added fuel to the fire, due to the fact that it can drastically slow down global trade, which will put additional pressure on the euro.
According to reports on the eurozone economy, the current situation is not encouraging either, as the…

Introduction to Social Trading/Copy Trading

Introduction to Social and Copy Trading by David Jones of Ayondo http://www.financial-spread-betting.com/ayondo-social-trading.html This video by David Jones is an introduction to social trading, how it works on the Ayondo platform and how to find good traders to follow. On Ayondo you can either trade yourself or follow other successful traders.

Estratégia de Projeção Simples

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