Tag Archives: forex currency trading

U.S. Employment Plunges Much More Than Expected In March

Employment in the U.S. fell much more than expected in the month of March, according to a report released by the Labor Department on Friday. The report said employment plunged by 701,000 jobs in March after jumping by an upwardly revised 275,000 jobs in February. Economists had expected employment to slump by 100,000 jobs compared to the addition of 273,000 jobs originally reported for the previous month. With the much bigger than expected drop in employment, the unemployment rate surged up to 4.4 percent in March from 3.5 percent in February. The unemployment rate had been expected to climb to 3.8 percent. The material has been provided by InstaForex Company – www.instaforex.com…

Sweden Services Sector Activity Weakest Since 2012

Sweden’s services sector contracted at the fastest rate in 15 years to hit its lowest level since 2012, survey data from Swedbank and the logistics association SILF showed on Wednesday. The Purchasing Managers’ Index for the services sector decreased to 46.9 in March from 56.4 in February.Any reading below 50 suggests contraction in the sector. The latest monthly decline was the largest in the survey’s fifteen-year history and the reading was the lowest since 2012. The order index and production sub-indices recorded the biggest declines in March followed by employment. The sub-index for the suppliers’ delivery times increased for the second straight month, reaching a record high. “Normally, rising delivery times mean increased demand pressure, but this time it is rather a lack of supply that contributes to longer delivery times partly because of the corona virus and closed borders,” Swedbank analyst Jorgen Kennemar said. Service sector companies plans contracted in March, which indicates a darker economic outlook in the future. The Composite PMI, which combines manufacturing and services, fell to 45.9 in March from 55.4 in the previous month. The material has been provided by InstaForex Company – www.instaforex.com…

Spain Industrial Production Decline Slows In February

Spain’s industrial production fell at a softer pace in February, data from the statistical office INE showed on Friday. Industrial production declined a calendar adjusted 1.3 percent annually in February, following a 2.2 percent fall in January. Energy output had the biggest decline of 4.1 percent annually in February and non-durable consumer goods decreased 1.2 percent. Meanwhile, durable consumer goods remained unchanged. On an unadjusted basis, industrial output rose 0.1 percent in February, after a 3.8 percent decline in the preceding month. On a month-on-month basis, industrial production remained unchanged in February. The material has been provided by InstaForex Company – www.instaforex.com…

EUR/USD evening review for April 03, 2020. Market stuck in the range, to wait for the US state on Monday

Them US employment report for March was released which showed less than 700 thousand jobs and an increase in the unemployment rate from 3.8% to 4.5%.In the past years, Eureka would either soar up or drop-down, but now it stands still.The data from March serves as a recollection of the Tatar invasion. Over the past two weeks, the number of new unemployment benefits in the United States amounted to almost 10 million.The US administration pays huge sums of money to businesses and households in the midst of the pandemic, after all, there are almost 250,000 infected in the United States.In Moscow, Russia the number of infected cases is still at 3,500 which is so far an exponential increase, and the quarantine is still to last until April 30th. Amid this quarantine, the Russian authorities do not propose to pay people who find themselves in FORCED non-working condition.This was directly stated by Sobyanin, the mayor of Moscow, saying that, “The budget will not stand. We believe that the business has enough money to pay a month of vacation to employees.”Germany, on the other hand, paid their forced “vacationers” employees at about 3 Salaries. That is without any inquiries, just on request and…

GBP/USD: plan for the US session on April 3. Bears are counting on a major flight of the pound down. The support of 1.2315

To open long positions on GBPUSD, you need:Bears managed to gain a foothold below the support of 1.2315 in the first half of the day after very poor data on activity in the UK services sector. This is clearly visible on the 5-minute chart. However, the continuation of the downward trend in the pound will depend on data on the state of the US labor market. In the second half of the day, the bulls urgently need to return a pair back to the level of 1.2315, since only in this scenario will it be possible to maintain the advantage. If the decline continues in GBP / USD, it is best to return to long positions only after the support test of 1.2150 or to rebound from the larger minimum of 1.1985, in the expectation of correction of 60-70 within the day. A breakout and consolidation above 1.2315 will push purchases to the maximum area of 1.2473, where I recommend fixing the profits.To open short positions on GBPUSD, you need:The bears coped with the weekly task and broke below the support of 1.2315 from the 5th time. Sellers of the pound in the second half of the day need to achieve…

Will the dollar stop plan B?

All attempts by the Fed to rein in the US dollar were futile. Neither a sharp reduction in the federal funds rate, nor the launch of unlimited purchases of Treasury and mortgage bonds under QE, nor the transfer of liquidity to foreign central banks using swaps and repos has dampened investors’ interest in buying the USD index. If this continues, I am afraid that currency interventions will be necessary. According to BofA Merrill Lynch, this will happen when the EUR/USD pair falls to 1.05.
In theory, this scale of dollar liquidity and the rapid expansion of the Fed’s balance sheet should have knocked the “American” down. Nevertheless, the number of supporters of the “dollar smile” theory is growing rapidly. It assumes that at the first stage, the USD index is strengthened due to the strength of the US economy and the associated inflow of capital to the US securities market. When a recession begins, the dollar peaks as investors flee to safe-haven assets. Then, thanks to those who want to save stock indices from falling into the abyss with the help of aggressive monetary expansion, the Fed forms the bottom of the smile. After that, the dollar begins to grow again, as…

Instaforex Daily Analysis – 3rd April 2020

Today we take a look at Gold and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today!The material has been provided by InstaForex Company – www.instaforex.com…

Hong Kong PMI Inches Higher In March – IHS Markit

Hong Kong’s private sector economy continued to contract in March, albeit at a slightly slower pace, the latest survey from IHS Markit showed on Friday with a PMI score of 34.9. That’s up from 33.1 in February although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction. Individually, new orders and exports both continued to fall sharply last month. Delivery times lengthened at the fastest rate in survey history, while job shedding accelerated as backlogs fell at a record rate. The material has been provided by InstaForex Company – www.instaforex.com…

Tutorial 2017 – Como Funciona o ETORO – Português

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