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*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…

UK Retail Sales Rebound In January

UK retail sales rose for the first time in three months in January and at a faster than expected pace, led by a strong demand for clothing and footwear and food. The volume of retail sales including auto fuel rose 0.9 percent month-on-month, which was greater than the 0.7 percent gain economists had expected. In November and December, retail sales fell 0.8 percent and 0.5 percent, respectively. The latest increase was the biggest since March last year, when sales grew 1.1 percent. Excluding auto fuel, retail sales grew for the first time in six months, up 1.6 percent from the previous month, when it dropped 0.8 percent. Economists had forecast a 0.8 percent increase. The growth was the biggest since May 2018, when sales rose 2.2 percent. Sales of food grew 1.7 percent, while fuel sales slumped 5.7 percent, thanks to an increase in fuel prices. Non-food sales increased 1.3 percent, largely led by a 3.9 percent increase in stores selling textiles, clothing and footwear, which was the biggest gain since May 2018. Year-on-year, retail sales including auto fuel grew 0.8 percent in January after a 0.9 percent increase in December. Economists had forecast a 0.6 percent increase. Without auto…

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,…

BTC analysis for 02.20.2020 – Crash on the BTC as we expected, our both downwarrd targets are met but potential for even

Industry news:Brendan Blumer, the CEO of Block.one – the publisher of EOS, has said that Bitcoin isn’t money and that it never will be. However, he believes that it’s the “next generation of gold.” His tweets came as a response to Peter Schiff, who once again bashed Bitcoin.Blumer has been consistent in his views of Bitcoin. He has previously said that it shares core values with gold, as well as supply integrity. Moreover, he also believes that “anyone egregiously attacking one in favor of the other is undermining both, while highlighting their own insecurities in regards to their chose favorite.”Indeed, many people have compared Bitcoin to Gold in the past. One of them was the Chairman of the US Federal Reserve, Jerome Powell. He said that Bitcoin is “a store of value; it’s a speculative store of value, like gold.”Technical analysis:BTC has been trading downwards as I expected. Both my targets at $9.828 and $9.614 have been reached but there is still room for further downside. Watch for selling opportunities on the rallies with the next main target at the price of $9.060.Watch for potential downside rotation if you see bear continuation pattern like bear flag on hourly or 4H time-frame….

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…

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…

Chinese Yuan Slides To More Than 2-month Low Against U.S. Dollar

The Chinese yuan declined against the U.S. dollar in the Asian session on Thursday, as China reduced interest rates to prevent the adverse impact of the coronavirus outbreak. On Thursday, China cut the one-year loan prime rate or LPR by 10 basis points in order to lower financing costs for businesses. The five-year rate was reduced to 4.75 percent from 4.8 percent. The yuan fell to 7.0256 against the greenback, its lowest level since December 12. The next possible support for the yuan is seen around the 7.2 level. The People’s Bank of China set today’s central parity rate of the yuan at 7.0026 per dollar, compared to Wednesday’s rate of 7.0012. The Chinese central bank sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level. 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…

NZD/USD approaching key support

Trading RecommendationEntry: 0.63452Reason for Entry: -61.8% Fibonacci retracementTake Profit : 0.63713Reason for Take Profit: Graphical overlapStop Loss: 0.63950Reason for Stop loss: 61.8% Fibonacci retracementThe material has been provided by InstaForex Company – www.instaforex.com…