*U.S. Import Prices And Export Prices Both Rise 0.2% In November

Trading 13 déc 2019 Commentaire »

U.S. Import Prices And Export Prices Both Rise 0.2% In November


The material has been provided by InstaForex Company - www.instaforex.com

*U.S. Retail Sales Rise 0.2% In November, Ex-Auto Sales Inch Up 0.1%

Trading 13 déc 2019 Commentaire »

U.S. Retail Sales Rise 0.2% In November, Ex-Auto Sales Inch Up 0.1%


The material has been provided by InstaForex Company - www.instaforex.com

Dollar Mixed Ahead Of U.S. Retail Sales Data

Trading 13 déc 2019 Commentaire »

The U.S. retail sales data and export and import prices for November are set for release at 8:30 am ET. Economists are expecting a 0.5 percent rise in retail sales in November, following a 0.3 percent gain in October.

The greenback traded mixed against its major counterparts before the data. While the greenback fell against the yen, it was steady against the rest of major counterparts.

The greenback was worth 1.1171 against the euro, 1.3363 against the pound, 0.9830 against the franc and 109.58 against the yen at 8:25 am ET.


The material has been provided by InstaForex Company - www.instaforex.com

Russian Ruble Appreciates To Near 7-month High Versus U.S. Dollar

Trading 13 déc 2019 Commentaire »

The Russian Ruble strengthened against the U.S. dollar during the European session on Friday, as the latter weakened after reports that Washington and Beijing had reached an interim trade deal.

The two sides are still formulating a written agreement but an "agreement in principle" had been reached, Reuters reported citing a source familiar with the negotiations.

On economic front, the Bank of Russia slashed its key rate by 25 basis points, citing softening monetary conditions.

The central bank reduced its key rate to 6.25 percent from 6.50 percent. The decision was in line with expectations.

The Russian Ruble firmed to near a 7-month high of 62.16 versus the greenback from Thursday's closing value of 63.75. The Russian Ruble is seen locating resistance around the 59.00 region.


The material has been provided by InstaForex Company - www.instaforex.com

Poland Inflation Rises In November

Trading 13 déc 2019 Commentaire »

Poland's consumer price inflation rose as estimated in November, final data from Statistics Poland showed on Friday.

The consumer price index rose 2.6 percent year-on-year in November, after a 2.5 percent increase in October. This was in line with the initial estimate.

Prices for food and non-alcoholic beverages grew 6.5 percent annually in November and those of restaurants and hotels, and education rose by 5.3 percent and 4.6 percent, respectively.

On a monthly basis, consumer prices rose 0.1 percent in November, following a 0.2 percent increase in the preceding month, as initially estimated.


The material has been provided by InstaForex Company - www.instaforex.com

Yen Declines On Trade Deal Optimism

Trading 13 déc 2019 Commentaire »

The Japanese yen fell against its most major counterparts in European deals on Friday amid risk appetite, following reports that the United States and China have reached "a deal in principle" to resolve a bruising 17-month trade war.

The two sides are still formulating a written agreement but an "agreement in principle" had been reached, Reuters reported citing a source familiar with the negotiations.

Reports suggested that Washington has offered to slash existing tariffs and cancel new ones set to take effect Sunday as part of a deal to boost Chinese purchases of U.S. farm goods and obtain other concessions.

Although the terms have been agreed, the legal text has not yet been finalized.

Investors cheered U.K. election result showing a majority victory for Prime Minister Boris Johnson, enabling him to push ahead with Brexit.

In economic releases, final data from the Ministry of Economy, Trade and Industry showed that Japan's industrial production declined more than initially estimated in October.

Industrial production fell 4.5 percent month-on-month in October. According to the initial estimate, production had decreased 4.2 percent.

The yen fell to an 11-day low of 109.70 against the greenback and a 5-1/2-month low of 122.65 against the euro, from its early highs of 108.92 and 121.39, respectively. If the yen slides further, it may find support around 111.00 against the greenback and 125.00 against the euro.

Reversing from an early high of 110.72 against the franc, the yen dropped to an 8-month low of 111.78. The next possible support for the yen is seen around the 114.00 level.

The yen declined to 83.38 against the loonie, its weakest since October 29. The yen is seen locating support around the 85.00 region.

The yen held steady against the kiwi, after having dropped to near a 5-month low of 72.65 in the previous session. At yesterday's close, the pair was quoted at 72.10.

After falling to near a 5-month low of 75.98 versus the aussie in the Asian session, the yen wavered through the lower-75 region in the European session. The pair had ended Thursday's deals at 75.52.

Looking ahead, the U.S. business inventories for October, retail sales and export and import prices for November are due out in the New York session.


The material has been provided by InstaForex Company - www.instaforex.com

Italy Industrial Order Growth Slows In October

Trading 13 déc 2019 Commentaire »

Italy's industrial orders grew for a third straight month in October, but at a slower pace, figures from Istat showed on Friday.

Industrial orders rose a seasonally adjusted 0.6 percent month-on-month in October, slower than 0.9 percent increase in both August and September.

Orders from domestic market decreased 0.1 percent, while demand from the foreign market grew 1.7 percent, respectively, in October.

On a year-on-year basis, industrial orders fell a calendar and working-day adjusted 1.5 percent in October, after a 0.2 percent rise in the prior month.

Data also showed that the industrial turnover fell a calendar-adjusted 0.2 percent annually and rose a seasonally adjusted 0.6 percent from the preceding month.


The material has been provided by InstaForex Company - www.instaforex.com

Slovakia Inflation Rises In November

Trading 13 déc 2019 Commentaire »

Slovakia's consumer price inflation rose in November after easing in the previous month, figures from the Statistical Office of the Slovak Republic showed on Friday.

The consumer price index rose 3.0 percent year-on-year in November, after a 2.7 percent increase in October. In September, inflation was 2.9 percent.

The prices for food and non-alcoholic beverages grew 5.3 percent annually in November and those of education, and housing, water, electricity, gas and other fuels rose by 4.5 percent and 3.7 percent, respectively.

On a monthly basis, consumer prices edged up 0.2 percent in November, reversing a 0.1 percent fall in the preceding month.

The core inflation climbed to 2.7 percent in November from 2.4 percent in the prior month.

On a monthly basis, the core CPI rose 0.2 percent in November, after a 0.1 percent decrease in the previous month.


The material has been provided by InstaForex Company - www.instaforex.com

Spain Inflation As Estimated

Trading 13 déc 2019 Commentaire »

Spain's consumer price inflation rose as initially estimated in November, final data from the statistical office INE showed on Friday.

The consumer price index rose 0.4 percent year-on-year in November, following a 0.1 percent increase in both October and September. This was in line with the initial estimate.

On a monthly basis, consumer prices increased 0.2 percent in November, after a 1.0 percent rise in October, as initially estimated.

The EU measure of harmonized index of consumer prices, or HICP, gained 0.5 percent annually in November, following a 0.2 percent rise in the preceding month, as initially estimated.

On a monthly basis, HICP, remained unchanged in November, as estimated.


The material has been provided by InstaForex Company - www.instaforex.com

December 13, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

Trading 13 déc 2019 Commentaire »

analytics5df3acebdb1f5.jpg

Since October 2, the EURUSD pair has been trending-up until October 21 when the pair hit the price level of 1.1175.

The price zone of (1.1175 - 1.1190) stood as a significant SUPPLY-Zone that demonstrated bearish rejection for two consecutive times in a short-period.

Hence, a long-term Double-Top pattern was demonstrated with neckline located around 1.1075-1.1090 offering valid bearish positions few weeks ago.

On the other hand, the price levels around 1.1000-1.0995 stood as significant DEMAND zone which has been offering adequate bullish SUPPORT for the pair so far.

Thus, the EUR/USD pair remained trapped between the price levels of 1.1000 and 1.1085-1.1100 (where a cluster of supply levels were located) until Wednesday.

Earlier this week, considerable bullish recovery was manifested around 1.1040 allowing the current recent bullish breakout above 1.1110 to pursue towards 1.1175 within the depicted newly-established bullish channel.

Intraday bearish rejection should be expected around the current price levels (1.1175). Quick bearish decline to be expected towards 1.1115 (38.2% Fibonacci level).

On the other hand, the price level of 1.1115 stands as a recent demand level to be watched for bullish rejection and a possible BUY entry.

However, bearish breakout below 1.1080 invalidates this bullish scenario. If so, Bearish projection target to be located around 1.1040 and 1.1010.

The material has been provided by InstaForex Company - www.instaforex.com