Breaking forecast 02/05/2018

Trading 05 fév 2018 Commentaire »

Breaking forecast 02/05/2018

EURUSD: Prepare for an upward impulse

On Friday, a report on employment in the US was published:

The number of new jobs is + 200, 000, higher than the forecast.

Unemployment stood at 4.1% - unemployment at the lowest levels since 2007.

Before this, the Fed issued a statement on the state of the US economy, which increased its attention on inflation.

In general, the news was in favor of the dollar - except for a strong decline in the US stock market on Friday -2% - but there the correction was brewing a very long time.

Nevertheless, the euro fell slightly.

We still expect the euro to continue to rising.

Buy for the breakthrough 1.2525, stop at 1.2480, target is 1.2640.

Alternative: Sell at the break down of 1.2330.

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

Prestigious Hotels For A Perfect Vacation Or Staycation

Trading 05 fév 2018 Commentaire »
Sponsored content from Modern Luxury Whether you are experiencing the city for the first time, or looking for a new take on your hometown, there is nothing like staying at a top-rated luxury hotel. You can trust our recommendations to give you that elusive ambience of paradise, especially with interior design, body treatments, dining options, and other elegant essentials. The possibilities—and amenities— are endless, but we’ve narrowed it down to provide you with top-notch selections.

Fifth Harmony Is Not Breaking Up Following Camila Cabello’s Solo Success

Trading 05 fév 2018 Commentaire »
Harmonizers can breathe a sigh of relief because Fifth Harmony has no plans of breaking up despite rumors that they are heading for a split. Since Camila Cabello announced she was leaving the group in December 2016, there has been speculation the group would eventually break up. In the last few months, the four remaining members, Lauren Jauregui, Normani Kordei, Dinah Jane Hansen, and Ally Brooke Hernandez, have all done solo projects, fueling split rumors.

Crude Oil Plunges As Stocks Collapse

Trading 05 fév 2018 Commentaire »

Crude oil futures plunged Monday along with global stocks as the U.S. dollar rallied on expectations of interest rate hikes.

Friday's strong jobs report for January will likely compel the Federal Reserve to raise interest rates at least three times in 2018.

With markets throwing a tantrum, WTI light sweet crude oil was down $1.42 to $64.03 a barrrel.

Data showing another increase in the U.S. rig count as weighed on prices.

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by 6 at 765 last week.

In economic news today, the U.S. ISM services index hit its highest level since mid-2005, a sign of further strength in the nation's economy.

Economic activity in the non-manufacturing sector grew in January for the 96th consecutive month, according to a survey of purchasing managers.


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

Dollar Trading Mixed On Inflation Concerns

Trading 05 fév 2018 Commentaire »

The dollar is turning in a mixed performance against its major rivals Monday afternoon. Inflation concerns have risen to the forefront at the start of the new trading week. The strong U.S. jobs report at the end of the prior week has convinced investors that the Federal Reserve will likely raise interest rates at its next meeting.

The U.S. ISM services index hit its highest level since mid-2005, a sign of further strength in the nation's economy. Economic activity in the non-manufacturing sector grew in January for the 96th consecutive month, according to a survey of purchasing managers.

The ISM's NMI index registered 59.9 percent, which is 3.9 percentage points higher than the seasonally adjusted December reading of 56 percent. Economists had expected a reading of 56.2.

Meanwhile, coalition negotiations between German Chancellor Angela Merkel's conservative party and the Social Democrats broke down over the weekend.

The dollar has climbed to around $1.2415 against the Euro Monday afternoon, from an early low of $1.2474.

The euro area economy expanded at the fastest pace since mid-2006 in January, final data from IHS Markit showed Monday. The final composite output index rose more than initially estimated to 58.8 in January from 58.1 in December. The flash score was 58.6.

Eurozone investor confidence weakened in February, survey data from think tank Sentix showed Monday. The investor sentiment index fell unexpectedly to 31.9 from 32.9 in January. The score was forecast to rise to 34.5.

Eurozone retail sales declined in December after recovering a month ago, Eurostat reported Monday. The volume of retail trade dropped 1.1 percent month-on-month in December, in contrast to the 2 percent rise posted in November. Sales were forecast to drop 1 percent.

The buck has risen to around $1.4015 against the pound sterling this afternoon, from an early low of $1.4150.

British service sector activity expanded at a slower pace in January, largely reflecting weak gains in new work as Brexit remains the main course of concern, survey data from IHS Markit showed Monday. The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers' Index, dropped more-than-expected to 53.0 in January from 54.2 in December. The expected reading was 54.0.

The greenback reached a high of Y110.259 against the Japanese Yen Monday, but has since retreated to around Y109.865.

Japan's service sector activity expanded at a slightly faster pace in January, results of a survey by IHS Markit showed Monday. The seasonally adjusted services purchasing managers' index, or PMI, rose to 51.9 in January from 51.1 in December.


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

Gold Little Changed Despite Exodus From Stocks

Trading 05 fév 2018 Commentaire »

Gold futures were flat Monday even as the global rout in stock markets continued.

The Dow Jones Industrial Average plunged more than 300 points as investors remained skittish about the outlook for interest rates.

Recent data has painted a rosy view of the U.S. economy, prompting Federal Reserve officials to predict three more rate hikes in 2018.

April gold down 80 cents, or less than 0.1%, to settle at $1,336.50/oz.

In economic news today, the U.S. ISM services index hit its highest level since mid-2005, a sign of further strength in the nation's economy.

Economic activity in the non-manufacturing sector grew in January for the 96th consecutive month, according to a survey of purchasing managers.


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

*Lawrence Lindsey Withdraws From Consideration To Be Fed Vice Chairman

Trading 05 fév 2018 Commentaire »

Lawrence Lindsey Withdraws From Consideration To Be Fed Vice Chairman


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

BITCOIN Analysis for February 5, 2018

Trading 05 fév 2018 Commentaire »

Bitcoin has breached below $7,500 recently which is expected to lead the price much lower towards $5,000 price area in the coming days. The bearish rally of Bitcoin seemed to be unstoppable currently and such lower price in the market is indeed quite shocking for the investors around the world. The overall Crypto market is currently facing a strong bearish pressure without any fundamental impact. The speculators are finding the crash as the result of insecurity and doubt in the Crypto market due to recent Regulation and Exchange ban issues around the world. As of the current scenario, the price is expected to proceed lower having an analysis of the recent impulsive bearish market pressure. As the price remains below $7500 price area with a daily close, the bearish bias is expected to continue with the target towards $5,000 and from where the price is expected to bounce back with some bullish intervention.

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

Fundamental Analysis of EUR/AUD for February 5, 2018

Trading 05 fév 2018 Commentaire »

EUR/AUD has been quite bearish today after the recent impulsive bullish momentum breaking above 1.55. AUD has been quite positive with the recent economic reports which helped the currency to gain impulsive momentum over EUR having mixed economic reports. Today AUD AIG Service Index report was published with an increase to 54.9 from the previous figure of 52.0, MI Inflation Gauge increased to 0.3% from the previous value of 0.1% and ANZ Job Advertisement report showed a significant increase to 6.2% from the previous negative value of -2.7%. The increase in value for the economic reports helped AUD to gain momentum from the beginning of the day which is expected to continue further in the coming days of the week whereas EUR has been struggling with the mixed economic reports. Today EUR Spanish Services PMI report was published with an increase to 56.9 from the previous figure of 54.6 which was expected to be at 55.2, Italian Services PMI report was published with an increase to 57.7 from the previous figure of 55.4 which was expected to be at 56.1, French Final Services PMI was slightly decreased to 59.2 which was expected to be unchanged at 59.3, German Final Services PMI was slightly increased to 57.3 which was expected to be unchanged at 57.0 and EUR Final Services PMI increased to 58.0 which was expected to be unchanged at 57.6. Moreover, today EUR Sentix Investor Confidence report was published with decrease to 31.9 from the previous figure of 32.9 which was expected to increase to 33.2, Retail Sales report was published as expected at -1.1% which decreased from the previous positive value of 2.0% and ECB President Draghi spoke quite neutral about the upcoming policies to be implemented which are expected to have no recent effect on the market. To sum up, EUR has been struggling to make an impact with the indecisive mixed economic reports where AUD was significant with the positive economic reports which are expected to help AUD to recover its grounds against EUR in the coming days.

Now let us look at the technical view. The price has bounced off the 1.5750 resistance area today with a daily candle which is expected to push the price much lower in the coming days with target towards 1.55. The recent impulsive bullish pressure was quite really hard for the market to digest with certain cash flow whereas certain retracement and counter move is quite obvious to form. As the price remains below 1.5750 the bearish pressure is expected to continue further.

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

‘This Is Us’ Used Mandy Moore’s First-Take Reaction To Jack’s Death

Trading 05 fév 2018 Commentaire »
“This Is Us” had a particularly emotional episode after the Super Bowl. The NBC drama finally showed Jack’s death, and Rebecca’s reaction to it was heartbreaking. The actors have revealed that the hospital scene was actually Mandy Moore’s first take.