Swiss Inflation, Jobless Rate Steady In January

Trading 10 fév 2020 Commentaire »

Switzerland's consumer price inflation remained stable in January, data from the Federal Statistical Office showed on Monday.

Separately, the State Secretariat for Economic Affairs, or SECO, reported that the jobless rate remained unchanged in January.

The consumer price index rose 0.2 percent year-on-year in January, same as in December. This was in line with economists' expectation.

On a monthly basis, consumer prices fell 0.2 percent in January, after remaining unchanged in the previous month. This was also in line with economists' expectation.

The monthly decline was due to a decrease in prices of clothing and footwear due to seasonal sales and for medicines and international package holidays. Meanwhile, prices for hotel accommodation and cars increased.

The core inflation was 0.2 percent in January. Economists had expected a 0.4 percent.

On a month-on-month basis, the core CPI declined 0.5 percent in January.

The EU measure of harmonized index of consumer prices, or HICP fell 0.4 percent monthly in January. Economists had expected a 0.1 percent rise.

The HICP rose 0.2 percent monthly in January. Economists had expected a fall of 0.1 percent.

The jobless rate held steady at a seasonally adjusted 2.3 percent in January, SECO said, in line with expectations.

On an unadjusted basis, the unemployment rate rose to 2.6 percent in January from 2.5 percent in the prior month. This was in line with economists' expectations.

In January, the number of unemployed people increased by 2,944 from the previous month to 121,018.

The youth unemployment rate, which applies to the 15 to 24 age group, remained unchanged at 2.4 percent in January.


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*Pound Hits 4-day High Of 1.2648 Against Franc

Trading 10 fév 2020 Commentaire »

Pound Hits 4-day High Of 1.2648 Against Franc


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*Pound Gains To 0.8464 Against Euro

Trading 10 fév 2020 Commentaire »

Pound Gains To 0.8464 Against Euro


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*Pound Rise To 142.04 Against Yen, 1.2936 Against Dollar

Trading 10 fév 2020 Commentaire »

Pound Rise To 142.04 Against Yen, 1.2936 Against Dollar


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Denmark Inflation Slows; Exports Falls

Trading 10 fév 2020 Commentaire »

Denmark's consumer price inflation slowed marginally in January, and exports declined in December, data from Statistics Denmark showed on Monday.

The consumer price index rose 0.7 percent year-on-year in January, slower than 0.8 percent increase in December.

The biggest decline was seen in the prices for clothing and footwear prices, down 5.3 percent annually in January, while prices for transportation increased 2.7 percent.

On a monthly basis, consumer prices edged up 0.1 percent in January. Price for charter travel, bank fees and the petrol and diesel increased the index by 0.20 percentage points, the agency said.

The EU measure of harmonized index of consumer prices, or HICP, rose 0.8 percent annually in January, same as seen in the prior month.

On a monthly basis, the HICP rose 0.2 percent in January.

Exports excluding ships, aircraft, fuel fell a seasonally adjusted 3.0 percent year-on-year in December, after a 0.2 percent rise in November.

Imports decreased 4.0 percent annually in December, following a 0.5 percent decline in the preceding month.

The seasonally adjusted trade surplus excluding ships, aircraft, fuel was DKK 10.6 billion in December.

In 2019, both the exports and imports increased by 8.3 percent and 3.5 percent, respectively, from last year.


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GBPUSD in bearish trend is expected to see below 1.29 again.

Trading 10 fév 2020 Commentaire »

GBPUSD is bouncing above 1.29 after briefly moving below it. Price has produced a bearish signal once support at 1.30-1.2985 broke.

analytics5e416f2b7a4f5.png

Green line - support (broken)

Red line - resistance

GBPUSD is in a bearish trend. Price is bouncing today but as long as price is below the green broken trend line support, we remain bearish expecting a move towards 1.27. Possible bounce target is at 1.30 for a back test of the breakdown area. Bears would ideally get a bounce and rejection at 1.30 area.

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Technical analysis of USDJPY for February 10, 2020.

Trading 10 fév 2020 Commentaire »

USDJPY is trading 20 pips lower from where saw it last week and we said that here is important resistance area. Around 110 USDJPY was a good selling opportunity with the stop close by at 110.30.

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Blue line - long-term resistance trend line

Price got rejected once again at the blue trend line resistance. Price has not made a new higher high. The short-term trend is changing back to bearish.

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Blue line -weekly resistance trend line

The weekly resistance of the USDJPY has been hit once again.Will we see another rejection? I believe the chances favor a rejection here and a pull back towards 107-108 at least. Time will tell. Any move above 110.30 would be a bullish sign.

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Eurozone Investor Confidence Weakens On Coronavirus Uncertainty: Sentix

Trading 10 fév 2020 Commentaire »

Eurozone investor sentiment eroded in February, after rising in the previous three months, as investor grew concerned about the economic outlook amid the uncertainty created by the coronavirus outbreak in China, results of a closely watched survey showed on Monday.

The investor confidence index dropped to 5.2 from 7.6 in December, the behavioral research institute Sentix said.

The current situation index of the survey fell to 4.0 from 5.5 and the expectations measure eased to 6.5 from 9.8.

The latest Sentix survey was conducted between February 6 and 8 among 1086 investors.

The investor sentiment index for Germany, an economy that is heavily dependent on trade, fell only 2.1 points.

However, the index for Asia ex Japan dropped significantly by 11.3 points. Meanwhile, the strength of the US economy continues to underpin global sentiment, the think tank said.

The novel Coronavirus outbreak that started in the Chinese city of Wuhan has claimed over 900 lives in the country and has infected more than 40,000 people. Other countries have also reported cases of infections and at least one death outside China took place in the Philippines last week.

Many countries have imposed restrictions on their citizens on travel to China.

"While at the beginning of the year there was still a clear upswing scenario for the global economy, the outbreak of the corona virus in China has changed the situation significantly," Sentix said.

"So far, however, the effects on the economy have been relatively limited from the point of view of the investors surveyed by sentix, even if they are significant for China," the group added.

"There is still hope for a continuation of the economic recovery," Sentix said.


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Ichimoku cloud indicator analysis of EURUSD

Trading 10 fév 2020 Commentaire »

EURUSD is making new lower lows towards 1.09. Price is moving lower as expected after breaking below 1.10 support level.

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EURUSD bounce towards 1.11 has been followed by a rejection at the cloud resistance. Trend is clearly bearish as both tenkan- and kijun-sen are pointing lower, with price below the Kumo and the Chikou span well below candlestick formation. Any bounce towards 1.1010-1.1050 should find resistance at these levels and will most probably get rejected.The material has been provided by InstaForex Company - www.instaforex.com

Short-term Ichimoku cloud indicator analysis of Gold

Trading 10 fév 2020 Commentaire »

Gold price is challenging important short-term resistance area of $1,570-75. We have a weak sell signal as the tenkan-sen has crossed below the kijun-sen and at the same time price is below the kijun-sen.

analytics5e416a0d4d17c.png

Daily trend is bullish as price is above the Daily Kumo. So far we only have a weak signal but price is still between the kijun-sen (yellow line indicator) and the tenkan-sen (red line indicator). Gold has many chances of a rejection at current levels so bulls need to be very cautious. A daily close below $1,567 would be a first sign of rejection. If bulls manage to hold above $1,570 they will then try to recapture $1,580.

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At $1,580 we find the upper cloud boundary of the 4 hour Ichimoku cloud. This is important short-term resistance. In the 4 hour chart we also get confirmation of the importance of the $1,567 short-term support as this is where we find the tenkan-sen support. Below that we find $1,562 support by the 4 hour kijun-sen. So far price continues to make higher highs and higher lows since $1,547 low. I will get a stronger sell signal on a break below $1,567 and that could imply more downside to come.The material has been provided by InstaForex Company - www.instaforex.com