Tag Archives: Forex Indicies

*U.S. Crude Oil Inventories Edge Up By 400,000 Barrels In Week Ended 2/14

U.S. Crude Oil Inventories Edge Up By 400,000 Barrels In Week Ended 2/14 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…

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…

Germany Producer Prices Rise Unexpectedly

Germany’s producer prices rose unexpectedly in January, data from Destatis showed on Thursday. The producer price index rose 0.2 percent year-on-year in January, reversing a 0.2 percent decrease seen in December. Economists had expected a 0.4 percent fall. Among the components, prices for non-durable consumer goods grew 3.6 percent annually in January and those of durable consumer goods and capital goods rose by 1.4 percent and 1.3 percent, respectively. Meanwhile, prices for intermediate goods and energy declined by 1.5 percent and 1.0 percent, respectively. On a monthly basis, producer prices increased 0.8 percent in January, following a 0.1 percent rise in the previous month. Economists had expected prices to remain unchanged. The material has been provided by InstaForex Company – www.instaforex.com…

Trading recommendations for EURUSD pair on February 20

From a comprehensive analysis, we see another slowdown in the area of lows, where downward interest is still a priority. Now, about the details. A steady bearish interest is striking in its stability, where a move of more than 440 points has been formed since the beginning of the year. This value hides not just a movement but the structure of the global trend. So the theory of downward development is now in the center of everyone’s attention since the euro updates local minimums almost on a daily basis. Psychological ranges (1.0700/1.0850; 1.0500/1.0700; 1.0000//1.0350//1.0500) increase the interest of speculators, however, they are alarming since there may be a stop with a reverse surge at any moment. If we consider the theory in terms of the medium-term course, it is too early to worry since the main flow of emotions will come during price fluctuations in the range of 1.0000//1.0350//1.0500 where without the support of the information background, speculators will not get along.
In terms of volatility, we see a sharp slowdown of 35% relative to the average daily indicator and the regularity of past periods has shown that such significant stops bring new bursts of activity.
Analyzing the past day…

Markets gone mad

Good afternoon, dear traders!
I think I will not surprise anyone if I say that at a very interesting time we live and trade. Recently, the market has changed a lot, and this, in my opinion, is connected with the economic crisis, which, in my opinion, is already underway. The trigger was the Chinese epidemic of coronavirus. This virus, in addition to casualties, brought incredible fear, which pushed gold to distance.
But the most affected are the currencies. Everything falls – the EUR/USD, GBP/USD, AUD/USD, and absolutely ignoring the positive news on base currencies.
EUR/USD has been falling recoilless already on the 14th day as part of a common two-year fall! Look at the stories – when did this happen and at what events? The last time this happened is in 2018, and before that during the crisis in 2014.
You, of course, say that everything is bad in the eurozone! Let’s look further.
GBP/USD completely ignores the positive news in the country’s economy.
AUD/USD plummets to good employment, breaking through the lows of 2018 and 2019: The “fear indicator”, gold, is at its highest point in the last 7 or 8 years, completely ignoring…

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…

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 Climbs To 5.3% In January

The unemployment rate in Australia came in at a seasonally adjusted 5.3 percent in January, the Australian Bureau of Statistics said on Thursday. That exceeded expectations for 5.2 percent and was up from 5.1 percent in December. The Australian economy added 13.500 jobs last month, again surpassing forecasts for a gain of 10,000 jobs following the gain of 28,900 jobs ion the previous month. The participation rate was 66.1 percent, exceeding expectations for 66.0 percent – which would have been unchanged from the month prior. The material has been provided by InstaForex Company – www.instaforex.com…