Japan Q1 GDP Surprises To The Upside, Expands 0.5% On Quarter

Trading 20 mai 2019 Commentaire »

Japan's gross domestic product climbed a seasonally adjusted 0.5 percent on quarter in the first quarter of 2019, the Cabinet Office said in Monday's preliminary reading.

That beat forecasts for a fall 0.1 percent and up from the downwardly revised 0.4 percent gain in the three months prior (originally 0.5 percent).

On an annualized yearly basis, GDP was up 2.1 percent - again exceeding expectations for a fall of 0.2 percent following the downwardly revised 1.6 percent gain in the previous three months (originally 1.9 percent).

Nominal GDP was up 0.8 percent on quarter, beating forecasts for a rise of 0.1 percent and up from 0.5 percent in Q4.

The GDP deflator added an annual 0.2 percent, matching forecasts following the 0.3 percent slide in the three months prior.

GDP private consumption eased 0.1 percent on quarter, beating forecasts for a decline of 0.2 percent following the 0.2 percent increase in the previous three months.

GDP business spending sank 0.3 percent on quarter versus forecasts for a drop of 1.9 percent following the 2.5 percent gain in Q4.


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

New Zealand Performance Of Service Index Slows In April

Trading 20 mai 2019 Commentaire »

The services sector in New Zealand continued to expand in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 51.8.

That's down from 52.3 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The April reading was the third straight monthly decline and the lowest index reading since September 2012.

Individually, sales, supplier deliveries and new orders expanded, while stocks and employment were in contraction.


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

Fractal analysis of major currency pairs for May 20

Trading 20 mai 2019 Commentaire »

Forecast for May 20:

Analytical review of H1-scale currency pairs:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1222, 1.1212, 1.1197, 1.1184, 1.1156, 1.1144 and 1.1112. Here, we continue to follow the development of the downward structure of May 13. Short-term downward movement is expected in the range of 1.1156 - 1.1144. The breakdown of the last value should be accompanied by a pronounced downward movement. In this case, the potential target is 1.1112. We expect a rollback to the top from this level.

Short-term ascending movement is possible in the range of 1.1184 - 1.1197. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.1212. The range of 1.1212 - 1.1222 is a key support for the downward movement.

The main trend is the downward structure of May 13.

Trading recommendations:

Buy 1.1184 Take profit: 1.1195

Buy 1.1198 Take profit: 1.1210

Sell: 1.1156 Take profit: 1.1145

Sell: 1.1142 Take profit: 1.1116

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2840, 1.2802, 1.2773, 1.2733, 1.2693, 1.2659 and 1.2588. Here, we continue to follow the development of the downward structure of May 3. For the continuation of the movement to the bottom, we expect the level of 1.2733 after the breakdown. In this case, the target is 1.2693. The consolidation is in the corridor of 1.2693 - 1.2659. The breakdown of the level 1.2659 will lead to the movement to the potential target - 1.2588. And upon reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the corridor of 1.2773 - 1.2802. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.2840. This level is a key support for the downward structure.

The main trend is the downward cycle of May 3.

Trading recommendations:

Buy: 1.2773 Take profit: 1.2802

Buy: 1.2804 Take profit: 1.2840

Sell: 1.2732 Take profit: 1.2694

Sell: 1.2656 Take profit: 1.2590

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0160, 1.0142, 1.0131, 1.0113, 1.0084, 1.0072 and 1.0048. Here, we are following the formation of the ascending structure of May 13. The continuation of the movement to the top is expected after the breakdown at the level of 1.0113. In this case, the target is 1.0131. A short-term upward movement is in the corridor 1.0131 - 1.0142, as well as consolidation. For the potential value to the top, we consider the level of 1.0160. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the corridor of 1.0084 - 1.0072. The breakdown of the latter value will be made for the development of the downward structure. Here, the potential target is 1.0048. Up to this level, we expect the initial conditions for the downward cycle.

The main trend is the ascending structure of May 13.

Trading recommendations:

Buy : 1.0113 Take profit: 1.0130

Buy : 1.0142 Take profit: 1.0160

Sell: 1.0084 Take profit: 1.0073

Sell: 1.0070 Take profit: 1.0050

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For the dollar / yen pair, the key levels on the scale are : 111.31, 110.98, 110.81, 110.54, 110.33, 109.96, 109.77 and 109.47. Here, we are following the development of the ascending cycle of May 13. Short-term upward movement is possible in the corridor of 110.33 - 110.54. The breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 110.81. Price consolidation is in the corridor of 110.81 - 110.98. For the potential value to the top, we consider the level of 111.31. The movement to which is expected after the breakdown at the level of 111.00.

Short-term downward movement is possible in the corridor of 109.96 - 109.77. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 109.47. This level is a key support for the upward structure.

The main trend: the rising structure of May 13.

Trading recommendations:

Buy: 110.33 Take profit: 110.52

Buy: 110.56 Take profit: 110.80

Sell: 109.96 Take profit: 109.78

Sell: 109.75 Take profit: 109.50

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3568, 1.3526, 1.3511, 1.3493, 1.3451, 1.3434, 1.3415 and 1.3378. Here, we are following the formation of the ascending structure of May 10. At the moment, the price is still in the zone of initial conditions. Continuation of the movement to the top is expected after the breakdown of 1.3493. In this case, the target is 1.3511. Consolidation is near this level. The price pass of the noise range 1.3511 - 1.3526 should be accompanied by a pronounced upward movement to the potential target - 1.3568. From this level, we expect a rollback to the bottom.

Consolidated movement is possible in the corridor of 1.3451 - 1.3434. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.3415. This level is a key support for the top.

The main trend is the formation of the ascending structure of May 10, the stage of initial conditions.

Trading recommendations:

Buy: 1.3493 Take profit: 1.3510

Buy : 1.3526 Take profit: 1.3566

Sell: 1.3433 Take profit: 1.3417

Sell: 1.3412 Take profit: 1.3385

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For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.6936, 0.6916, 0.6900, 0.6869, 0.6854 and 0.6835. Here, we are following the development of the downward structure of May 7. At the moment, the price is in the correction zone. Short-term downward movement is expected in the range of 0.6869 - 0.6854. Hence, there is a high probability of a turn into a correction. For the potential value of the downward trend, we consider the level of 0.6835, and the movement to which is expected after the breakdown of 0.6852.

Short-term upward movement is possible in the range of 0.6900 - 0.6916. The breakdown of the latter value will lead to a prolonged movement. Here, the goal is 0.6936. This level is a key support for the downward structure.

The main trend is the downward structure of May 7, the stage of correction.

Trading recommendations:

Buy: 0.6900 Take profit: 0.6914

Buy: 0.6917 Take profit: 0.6934

Sell : 0.6867 Take profit : 0.6855

Sell: 0.6852 Take profit: 0.6836

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For the euro / yen pair, the key levels on the H1 scale are: 123.59, 123.17, 122.95, 122.50, 122.12, 121.75, 121.45 and 121.09. Here, we follow the formation of the local structure for the bottom of May 10. Continuation of the movement to the bottom is expected after the breakdown of the level of 122.50. In this case, the first target is 122.12. The breakdown of which will start the development of the downward trend on the H1 scale. Here, the target is 121.75. Short-term downward movement is in the corridor of 121.75 - 121.45, as well as consolidation. Also from this range, there is a high probability of rollback in the correction. For the potential value at the bottom, we consider the level of 121.09. After reaching which, we expect a rollback to the top.

Short-term ascending movement is expected in the corridor of 122.95 - 123.17. The breakdown of the last value will be made for the formation of the ascending structure. Here, the goal is 123.59.

The main trend is the local downward structure of May 10.

Trading recommendations:

Buy: 122.95 Take profit: 123.15

Buy: 123.20 Take profit: 123.55

Sell: 122.50 Take profit: 122.14

Sell: 122.10 Take profit: 121.75

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For the pound / yen pair, the key levels on the H1 scale are : 141.05, 140.45, 140.09, 139.68, 139.15, 138.45 and 138.03. Here, we are following the development of the downward structure of May 10. Continuation of the movement to the bottom is expected after the breakdown of 139.65 In this case, the goal is 139.15. The consolidation is near this level. The breakout of the level of 139.15 will lead to a pronounced movement to the level of 138.45. From this level, there is a high probability of a turn to the top. The potential value for the bottom is considered the level of 138.03. Upon reaching which, we expect consolidation in the corridor of 138.45 - 138.03, as well as a rollback to the top.

Short-term upward movement is possible in the corridor of 140.09 - 140.45. The breakdown of the latter value will lead to a deep correction. Here, the target is 141.05. This level is a key support.

The main trend is the local downward structure of May 10.

Trading recommendations:

Buy: 140.10 Take profit: 140.45

Buy: 140.47 Take profit: 141.05

Sell: 139.66 Take profit: 139.15

Sell: 139.10 Take profit: 138.45

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

Japan GDP Climbs 0.5% On Quarter In Q1

Trading 20 mai 2019 Commentaire »

Japan's gross domestic product expanded a seasonally adjusted 0.5 percent on quarter in the first quarter of 2019, the Cabinet Office said in Monday's preliminary reading.

That surprised to the upside, beating forecasts for a fall 0.1 percent and up from the downwardly revised 0.4 percent gain in the three months prior (originally 0.5 percent).

On an annualized yearly basis, GDP was up 2.1 percent - again exceeding expectations for a fall of 0.2 percent following the downwardly revised 1.6 percent gain in the previous three months (originally 1.9 percent).


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

*Japan GDP +0.5% On Quarter, +2.1% On Year In Q1

Trading 20 mai 2019 Commentaire »

Japan GDP +0.5% On Quarter, +2.1% On Year In Q1


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

*New Zealand Performance Of Services Index 51.8 In April – BusinessNZ

Trading 20 mai 2019 Commentaire »

New Zealand Performance Of Services Index 51.8 In April - BusinessNZ


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Control zones USDCHF 05/20/19

Trading 20 mai 2019 Commentaire »

The pair's downward movement is still a medium-term impulse. As long as the pair is trading below the WCZ 1/2 1.0154-1.0145, any upward movement will fit into the correction frame. The higher the price growth, the more favorable prices can be obtained for selling the tool. The first goal of the fall is the weekly short-term low of 1.0024-1.0004, the test of which will determine further priority for the next month.

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Upward movements of the last four days fit into the frame of the fall, which occurred on May 3. This indicates the corrective nature of the upward movement and suggests the need to search for a pattern to sell.

An alternative model will be a fall from current levels without growth to the WCZ 1/2. In this case, you need to enter on the "false breakdown" pattern, which must be formed during the European session on Monday. Strengthening the Swiss franc from current levels will provide a favorable risk-to-profit ratio for a short position.

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Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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

Control zones USDCAD 05/20/19

Trading 20 mai 2019 Commentaire »

The formation of a medium-term flat continued last week. The upper limit formed by the WCZ 1/2 1.3490-1.3479 again acted as resistance and trade closed below it. While the pair is trading within the accumulation zone, the main deals should be made after the test of the range limits. The targets are the opposite border.

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Consolidation on the boundaries of the flat is required. Partial transfer to breakeven is possible, but it should be understood that the way out of the flat will be swift and there might be no re-entry

In order to change the trading principle on the trend, it will be necessary to close the US session either above the previous week's high or below the low of three weeks ago. Until this happens, it is better to continue trading within the framework of the flat, since partial consolidations will allow taking profit over the entire range, which can last for several months.

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Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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

Japan GDP Data Due On Monday

Trading 20 mai 2019 Commentaire »

Japan will on Monday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.

GDP is predicted to ease 0.1 percent on quarter and 0.2 percent on year after climbing 0.5 percent on quarter and 1.9 percent on year in Q4. Nominal GDP is tipped to add 0.1 percent on quarter, slowing from 0.4 percent in the three months prior, while the deflator is expected to add 0.2 percent on year after sinking 0.3 percent in the previous quarter.

Japan also will see final March numbers for industrial production; the previous reading showed a decline of 0.9 percent on month and 4.6 percent on year, while capacity utilization was up 1.0 percent on month.

New Zealand will see April data for the Performance of Services Index from BusinessNZ; in March, the index score was 52.9.

Thailand is scheduled to release GDP numbers for the first quarter of 2019; in the previous three months, GDP was up 0.8 percent on quarter and 3.7 percent on year.

Hong Kong will provide unemployment figures for April; in March, the jobless rate was 2.8 percent.

Finally, the markets in Malaysia, Singapore and Thailand are closed on Monday in observance of Vesak Day and will re-open on Tuesday.


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

Control zones NZDUSD 05/20/19

Trading 20 mai 2019 Commentaire »

The downward movement is a medium-term impulse, so selling is still a priority. It is not profitable to sell on Monday from current grades, since the target of the fall is the weekly CZ of 0.6470-0.6456. Any growth should be used as an opportunity to sell the pair. The first resistance will be WCZ 1/4 06545-0.6542.

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The downward trend is so strong that it will be possible to look for opportunities for buying only if a daily absorption takes place and the US session closes above Friday's maximum. This model will be the starting point in the formation of a deep correctional model, the next goal of which will be WCZ 1/2 0.6584-0.6577. While the pair will be trading below the specified zone, the bearish trend will not turn.

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Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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