Tag Archives: Forex futures

*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…

U.S. Weekly Jobless Claims Show Modest Increase

A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended February 15th. The Labor Department said initial jobless claims crept up to 210,000, an increase of 4,000 from the previous week’s revised level of 206,000 Economists had expected jobless claims to inch up to 210,000 from the 205,000 originally reported for the previous week. Meanwhile, the report said the less volatile four-week moving average edged down to 209,000, a decrease of 3,250 from the previous week’s revised average of 212,250. The Labor Department also said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, rose by 25,000 to 1.726 million in the week ended February 8th. The four-week moving average of continuing claims still dipped to 1,722,250, a decrease of 5,250 from the previous week’s revised average of 1,727,500. The material has been provided by InstaForex Company – www.instaforex.com…

February 20, 2020 : GBP/USD Intraday technical analysis and trade recommendations.

On December 13, the GBPUSD pair looked overpriced around the price levels of 1.3500 while exceeding the upper limit of the depicted bullish channel.On the period between December 18th – 23rd, bearish breakout below the depicted channel followed by temporary bearish closure below 1.3000 were demonstrated on the H4 chart.However, immediate bullish recovery (around 1.2900) brought the pair back above 1.3000.Bullish breakout above 1.3000 allowed the mentioned Intraday bullish pullback to pursue towards 1.3250 (the backside of the broken channel) where bearish rejection and a new wide-ranged movement channel were established between (1.3200-1.2980).Recently, new descending highs were demonstrated around 1.3200 and 1.3070.Recent Bearish breakdown below 1.2980 enhanced further bearish decline towards 1.2890 (the lower limit of the movement channe) where evident bullish rejection has been manifested on February 10.This week, Temporary bullish breakout above 1.3000 has been expressed until Yesterday when another bearish decline was expressed.As expected, The current bearish decline below 1.2980 is leading the GBPUSD pair towards the lower limit of the channel @ 1.2870 -1.2850 where price action should be watched.Intraday technical outlook is supposed to remain bearish as long as the pair maintains its movement below 1.2930 (Intraday Keylevel).Temporary bullish recovery around (1.2850-1.2870), followed by another bearish…

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…

EUR/USD: plan for the US session on February 20. The euro continues to stagnate around annual lows. The sellers’ target remains

To open long positions on EURUSD, you need:
Data on German producer prices helped keep the euro at this year’s lows, forming a false breakdown from the support area of 1.0785, which also led to the formation of a divergence on the MACD indicator. This is a bullish signal, however, given the current position of the European currency, it is not necessary to count on strong upward momentum. In the scenario of a breakthrough and a decline below the level of 1.0785 in the afternoon, it is best to return to long positions after the area of 1.0765 is updated or immediately to a rebound from the larger low of 1.0740. An equally important task for the bulls will be to break through and consolidate above the resistance of 1.0825, from which a good upward correction will be formed in the area of the highs of 1.0860 and 1.0886, where I recommend taking the profits.
To open short positions on EURUSD, you need:
The bears continue to bend their line, however, they have not managed to break below the support of 1.0785 for the third day in a row, which may lead to a sharp rebound of the pair up. Apparently, the sellers are…

*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…

Dutch Consumer Confidence Decline Slows In February

Dutch consumer confidence decline slowed in February, data from the Central Bureau of Statistics showed on Thursday. The consumer confidence index rose to minus 2 in February from minus 3 in January. A similar reading was seen in December. Nonetheless, the consumer confidence index has remained above the 20-year average of minus 5 points. The economic climate sub-index rose to minus 5 in February from minus 7 in the previous month and the indicator for willingness to buy increased to 1. Households’ assessment regarding their financial situation for the next 12 months improved. However, consumers felt that it is favorable to make large purchases. Another report from the statistical office showed that household spending growth increased in December with higher purchases of home furnishing, electrical appliances, and cars. Consumer spending grew 2.9 percent annually in December, after a 1.4 percent increase in November. This was the highest since July 2018, when it was 3.0 percent. The material has been provided by InstaForex Company – www.instaforex.com…

Indicator analysis. Daily review of EUR/USD on February 20, 2020

Trend analysis (Fig. 1).The market may continue to move down today with the target at 1.0783, the lower fractal (red dashed line). Breaking down the lower fractal is unlikely but work up is possible from the level of 1.0783.Fig. 1 (daily chart).Comprehensive analysis:- Indicator analysis – down;- Fibonacci levels – down;- Volumes – up;- Candlestick analysis – up;- Trend analysis – up;- Bollinger Lines – up;- Weekly schedule – up.General conclusion:A continued downward movement is expected today with the target of 1.0783, the lower fractal (red dashed line).An unlikely but possible scenario is from the lower fractal 1.0783 (red dashed line), a continued work down with the goal of 1.0664, the retracement level of 85.4% (yellow dashed line).The material has been provided by InstaForex Company – www.instaforex.com…

*Australia Jobless Rate 5.3% In January; 13,500 Jobs Added

Australia Jobless Rate 5.3% In January; 13,500 Jobs Added The material has been provided by InstaForex Company – www.instaforex.com…

Forecast for EUR/USD on February 20, 2020

EUR/USD
The euro gained 13 points on Wednesday as part of a moderate expected correction after the previous three-figure fall. The growth could have been greater, but this was hindered by the fall of the British pound and the Japanese yen and the report on the eurozone balance of payments for December, which showed a balance of 32.6 billion euros against expectations of 34.5 billion. Data on the laying of new homes in the US for January showed a small decrease: 1.57 million against 1.63 million a month earlier, but the issued building permits increased from 1.42 million to 1.56 million, showing the highest figure since January 2007. Published minutes from the last FOMC Fed meeting showed nothing interesting.
On the daily chart, the signal line of the Marlin Oscillator is pointing upward, it is possible to continue the correction to the Fibonacci level of 161.8% at the price of 1.0840. The main objectives of declining 1.0745 and 1.0650/80 are maintained.
On the four-hour chart, the double convergence according to Marlin retains its potential effect, which may result in continued price growth, but the signal line of the oscillator stopped at the boundary with the territory of growth….