Japan All Industry Activity Growth Slows In May

Trading 19 juil 2019 Commentaire »

Japan's all industrial activity rose for the second month in May but the pace of expansion slowed from April, figures from the Ministry of Economy, Trade and Industry showed on Friday.

The all industry activity index rose 0.3 percent month-on-month in May, slower than 0.8 percent rise in April. This was in line with economists' expectations and the second straight month of growth.

Among components, the industrial production index rose 2.1 percent in May. The construction activity index grew 1.4 percent. While, the tertiary industrial activity fell 0.2 percent in May.

On an annual basis, the all industry activity index remained flat in May, after a 0.7 percent rise in the previous month.


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Euro Little Changed After German PPI

Trading 19 juil 2019 Commentaire »

After the release of German producer prices for June at 2.00 am ET Friday, the euro changed little against its major rivals.

The euro was trading at 121.18 against the yen, 0.8982 against the pound, 1.1073 against the franc and 1.1256 against the greenback around 2:05 am ET.


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*Germany Jun Producer Prices Up 1.2% On Year, Consensus 1.5%

Trading 19 juil 2019 Commentaire »

Germany Jun Producer Prices Up 1.2% On Year, Consensus 1.5%


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*Germany Jun Producer Prices Fall 0.4% On Month, Consensus -0.1%

Trading 19 juil 2019 Commentaire »

Germany Jun Producer Prices Fall 0.4% On Month, Consensus -0.1%


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Euro Mixed Ahead Of German PPI

Trading 19 juil 2019 Commentaire »

At 2.00 am ET Friday, Destatis is scheduled to issue Germany's producer prices for June. Economists forecast prices to fall 0.1 percent on month and to rise 1.5 percent annually.

Ahead of the data, the euro traded mixed against its major rivals. While the euro rose against the yen, the pound and the franc, it was steady against the greenback.

The euro was worth 121.18 against the yen, 0.8984 against the pound, 1.1075 against the franc and 1.1257 against the greenback as of 1:55 am ET.


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GBP/USD: plan for the European session on July 19. Good news on Brexit and the North Irish border are pushing the pound up

Trading 19 juil 2019 Commentaire »

To open long positions on GBP/USD, you need:

Yesterday, a good report on retail sales in the UK set a bullish tone for the market, and news of an alternative proposal from the EU on the problematic issue of the North Irish border continued the upward momentum. Now, the bulls are aimed at holding GBP/USD above the intermediate support of 1.2514, where the formation of a false breakout will be the first signal to continue opening long positions. However, the main task of the pound buyers will be to break and consolidate in the first half of the day above the resistance of 1.2561, which will retain the upward potential and lead to an update of the highs in the area of 1.2600 and 1.2639, where I recommend fixing the profit. In the scenario of a pair falling below the level of 1.2514, it is possible to open long positions immediately for a rebound in the support area of 1.2472.

To open short positions on GBP/USD, you need:

Today, sellers remain to protect the resistance of 1.2561, and the formation of a false breakdown there in the first half of the day will be a signal to open short positions. However, the main task of the bears will be to return and consolidate below the support of 1.2514, which will push the GBP/USD to the area of the lows of 1.2472 and 1.2431, where I recommend taking the profits. Today, no important reports on the UK are planned, so traders will closely follow the new statements of the EU representatives on the topic of Brexit.

Indicator signals:

Moving Averages

Trading is conducted above 30 and 50 moving averages, which indicates the preservation of the upward correction in the pair.

Bollinger Bands

The growth of the pound will be limited by the upper limit of the indicator around 1.2585, where you can watch sales in the morning. The break of the average border of the indicator in the area of 1.2514 will lead to a larger decrease in the pound to the lower border, which is located in the area of 1.2470.

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Description of indicators

  • MA (moving average) 50 days – yellow
  • MA (moving average) 30 days – green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20
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EUR/USD: plan for the European session on July 19. Traders overestimated the likelihood of the Fed lowering the interest

Trading 19 juil 2019 Commentaire »

To open long positions on EURUSD, you need:

Yesterday's statements by the fed Fed representatives on the necessary lowering of interest rates were misinterpreted by the market, which led to the sale of the US dollar. However, then the situation stabilized, and a number of lost positions were quickly returned by sellers. At the moment, the situation is on the side of euro buyers. A false breakout in the support area of 1.1241, which may coincide with the release of the report on the balance of the eurozone current account, will be the first signal for opening long positions, but the main goal of the bulls will be the resistance of 1.1280-85, above which it is not possible to break through from July 10. It was then that this level was missed by buyers. The breakout of 1.1280 will lead to the update of highs in the area of 1.1311 and 1.1338, where I recommend taking the profit. In the scenario of decline under the support level of 1.1241, it is best to open long positions on the rebound from the large support of 1.1214.

To open short positions on EURUSD, you need:

Sellers will try their best to keep the resistance at 1.1280, and if there is no unexpected news on the rates from the Fed or the ECB, most likely, the growth of the pair will be limited at the end of this week. A false break in this range will be a signal to open short positions in the euro, but the main task of the bears is to return to the support level of 1.1241. A number of fundamental data planned for the second half of the day can help sellers reach the support of 1.1214, where I recommend fixing the profits. In the EUR/USD growth scenario in the first half of the day above the resistance of 1.1280, it is possible to open short positions immediately for a rebound in the area of the maximum of 1.1311.

Indicator signals:

Moving Averages

Trading is conducted above 30 and 50 moving averages, but we can talk about the resumption of the bullish trend only after the breakdown of the resistance of 1.1280.

Bollinger Bands

The growth of the pair in the first half of the day will be limited by the upper limit of the indicator in the area of 1.1295, while buyers, in the case of a decline in EUR/USD, will return to the market only after the test of the lower limit in the area of 1.1215.

analytics5d316386545e0.png

Description of indicators

  • MA (moving average) 50 days – yellow
  • MA (moving average) 30 days – green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20
The material has been provided by InstaForex Company - www.instaforex.com

Burning forecast 07/19/2019 EURUSD and trading recommendation

Trading 19 juil 2019 Commentaire »

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On Thursday evening, the euro and the pound received a strong customer support.

The euro almost touched the 1.1285 mark.

We expect a new wave of growth of the euro.

From the point of view of technical analysis, you can buy at the breakthrough above - to the level of 1.1290 - or buy from the level of 1.1245.

When turning down, you can sell from 1.1190.

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Trading plan for EURUSD on 07/19/2019

Trading 19 juil 2019 Commentaire »

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Buyers turned the euro up from 1.1200.

There is no important news.

The market begins to prepare for the ECB meeting next week on July 25th.

Buy at the breakthrough of 1.1290 to the top.

We sell from 1.1190.

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Forecast for EUR / USD pair on July 19, 2019

Trading 19 juil 2019 Commentaire »

EUR / USD pair

Yesterday the euro experienced two hard blows. The first is the news of a possible revision by the ECB of its inflation target, which sent the euro down 34 points and the second is a statement by the head of the New York Fed chief, John Williams. He said the need for preventive measures by the Fed, which was understood by investors as a decrease in the rate immediately, by 5% at the next meeting, which, of course, tossed the euro back up. As a result, the euro closed the day with an increase of 52 points.

This morning, the press service of the Fed hastened to soften the reaction of the market, stating that the statement by William does not mean the decision of the regulator itself. Euro experienced fluctuations by another 35 points in the morning. Also in the media, a theme is being instilled about the possible preparation by the Treasury of currency interventions in order to carry out Trump's management center on compliance with the realities of currency wars. We do not believe that this can happen before the end of the year since only $94 billion is left on the balance of the Treasury. Moreover, they are primarily needed to finance the budget in the face of the parliament's refusal to consider raising the government debt limit. Also, the head of the Ministry of Finance Stephen Mnuchin bluntly stated that the management has no plans to change the position on a strong dollar.

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On the daily chart, the price has risen sharply above the balance line and MACD but this is not a signal for further growth. The price from July 5th simply winds up on this line. However, the yield of the price at the July 11 maximum on 1.1286 may provoke the market to pull the euro down to the Fibonacci level of 76.4% at a price of 1.1356.

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On the four-hour chart, the current price is above the balance lines and MACD. The Marlin oscillator is in a rising position and there are signs to continue moving up. But since yesterday, as described above, the market is extremely sensitive to speculative sentiment. Even today's data on the balance of payments in the Eurozone are expected to rise from 20.9 billion euros to 21.2 billion can be ignored. In case of price-fixing under the MACD at 1.1227 on H4, it calls for further reduction. The range of 1.1227/86 is a free walk zone for the euro.

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