*German FinMin Scholz: To Present Stimulus Package Early June

Trading 14 mai 2020 Commentaire »

German FinMin Scholz: To Present Stimulus Package Early June


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*German FinMin: Tax Revenues To Drop By EUR 81.5 Billion In 2020 Due To Covid19

Trading 14 mai 2020 Commentaire »

German FinMin: Tax Revenues To Drop By EUR 81.5 Billion In 2020 Due To Covid19


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U.S. Import And Export Prices Show Steep Drops In April

Trading 14 mai 2020 Commentaire »

A report released by the Labor Department on Thursday showed steep drops in both import and export prices in the U.S. in the month of April.

The Labor Department said import prices plunged by 2.6 percent in April after tumbling by a revised 2.4 percent in March.

Economists had expected import prices to plummet by 3.1 percent compared to the 2.3 percent slump originally reported for the previous month.

The steep drop in import prices came as prices for fuel imports cratered by 31.5 percent in April following a 26.0 percent nosedive in March.

Excluding fuel, import prices fell by 0.5 percent in April after coming in unchanged in March, reflecting lower prices for industrial supplies and materials, foods, feeds, and beverages, and consumer goods.

Meanwhile, the report showed a 3.3 percent nosedive by export prices in April following a revised 1.7 percent decrease in March.

Export prices were expected to plunge by 2.1 percent compared to the 1.6 percent drop originally reported for the previous month.

Prices for agricultural and non-agricultural exports both showed substantial decreases, plummeting by 3.1 percent and 3.3 percent, respectively.

Lower prices for corn, meat, cotton, fruit, soybeans, and nuts contributed to the drop in prices for agricultural exports, while the decrease in prices for non-agricultural exports was driven by lower non-agricultural industrial supplies and materials prices.

Compared to the same month a year ago, import prices in April were down by 6.8 percent and export prices were down by 7.0 percent.


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U.S. Jobless Claims Drop Less Than Expected, Top 36 Million Since Shutdown

Trading 14 mai 2020 Commentaire »

While the Labor Department released a report on Thursday showing a continued decline in first-time claims for U.S. unemployment benefits in the week ended May 9th, the number of new claims still came in well above economist estimates.

The report said initial jobless claims fell to 2.981 million, a decrease of 195,000 from the previous week's revised level of 3.176 million.

Economists had expected jobless claims to tumble to 2.5 million from the 3.169 million originally reported for the previous week.

Jobless claims have steadily decreased since reaching a record high of 6.867 million in late March, but the number of new claims has reached nearly 36.5 million since the coronavirus-induced economic shutdown.

"While initial claims for unemployment benefits continue to retreat from their peak, they remain at levels consistent with a labor market in distress," said a note from economists at Oxford Economics.

They added, "And the headline figures don't tell the full story since they don't capture individuals receiving benefits under state and emergency programs."

The Labor Department said the less volatile four-week moving average tumbled to 3,616,500, a decrease of 564,000 from the previous week's revised average of 4,180,500.

Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, jumped by 456,000 to 22.833 million in the week ended May 2nd.

The four-week moving average of continuing claims also surged up to 19,760,000, an increase of 2,729,750 from the previous week's revised average of 17,030,250.

Last Friday, the Labor Department released a separate report showing a record nosedive in employment in the U.S. in the month of April.

The report said non-farm payroll employment plummeted by 20.5 million jobs in April after tumbling by a revised 870,000 jobs in March.

The steep drop in employment was not as bad as feared, however, as economists had expected employment to plunge by 22.0 million jobs compared to the loss of 701,000 jobs originally reported for the previous month.

Nonetheless, the Labor Department said the unemployment rate still skyrocketed to a post-World War II record high of 14.7 percent in April from 4.4 percent in March. Economists had expected the unemployment rate to spike to 14.0 percent.


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*Euro Drops To More Than 5-year Low Of 1.0507 Against Franc

Trading 14 mai 2020 Commentaire »

Euro Drops To More Than 5-year Low Of 1.0507 Against Franc


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Comprehensive analysis of movement options for EUR/GBP, GBP/JPY, and EUR/JPY (H4) on May 15, 2020

Trading 14 mai 2020 Commentaire »

Minuette operational scale (H4)

The second half of May in the development of the movement of the main cross-tools EUR/GBP, GBP/JPY, and EUR/JPY (H4).

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Euro vs Great Britain pound

The development of the movement of the "main" cross-instrument EUR/GBP from May 15, 2020 will be determined by the development and direction of the breakdown of the range:

  • resistance level of 0.8875 at the lower border of ISL38.2 of the balance zone of the Minuette operational scale forks;
  • support level of 0.8845 on the ultimate Shiff Line Minuette.

In the event of the breakdown of the final Shiff Line Minuette - the support level of 0.8845 - the development of the downward movement of the "main" cross-instrument will be directed to the borders of the 1/2 Median Line (0.8777-0.8752-0.8730) of the Minuette operational scale forks.

The breakout of ISL38.2 Minuette - the resistance level of 0.8875 - will determine the development of the EUR/GBP movement in the equilibrium zone (0.8875-0.8910-0.8940) of the Minuette operational scale forks.

The options for the EUR/GBP movement from May 15, 2020, depending on the working out of the above range, are shown on the animated chart.

analytics5ebd7730e0e0c.jpg

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Great Britain pound vs Japanese yen

The development of the movement of the GBP/JPY cross-instrument from May 15, 2020 will be due to the development and direction of the breakdown of the 1/2 Median Line channel boundaries (129.90-130.30-130.70) of the Minuette operational scale forks - see the animated chart for the details of the movement inside the channel.

Breakdown of the upper border of the channel 1/2 Median Line in the operating scale minuette - resistance level 130.70 - a variant of the upward movement of GBP/JPY to the goals:

  • 1/2 Median Line Minute - 131.85;
  • local maximum - 133.16.
  • upper limit of the channel 1/2 Median Line (134.25) of the Minuette operational scale forks.

If the lower border of the 1/2 medium Line channel is broken, the Minuette operational scale forks - the support level of 129.90 - will continue to develop the downward movement of GBP/JPY towards the goals:

lower border of the channel 1/2 Median Line (129.50) of the operating scale fork Minuette;

equilibrium zone (129.10 - 128.55 - 128.00) of the operating scale fork Minuette;

SSL Minute start line (126.95).

From May 15, 2020, we look at the GBP/JPY movement options on the animated chart.

analytics5ebd77475f8d9.jpg

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Euro vs Japanese yen

Range development and breakdown direction:

  • resistance level of 115.90 on the initial line of the SSL of the operational scale fork Minuette;
  • support level of 115.45 at the upper border of the channel 1/2 Median Line Minuette.

And it will determine the development of the EUR/JPY cross-instrument movement from May 15, 2020.

The breakdown of the initial line SSL of the operational scale fork Minuette - resistance 115.90 - variant development of the upward movement of EUR/JPY to the borders of the channel 1/2 Median Line (116.50 - 117.15 - 117.77) fork operational scale Minute.

If the support level of 115.45 breaks down at the upper border of the 1/2 medium Line Minuette channel together with ISL38.2 Minuette (115.20), the development of the EUR/JPY movement will occur within the borders of the 1/2ML Minuette channel (115.45-115.05-114.70) and balance zones of the Minuette operational scale fork (115.20-114.40-113.65) and Minuette (114.05-113.40-112.75).

The markup of the EUR/JPY movement options from May 15, 2020 is shown on the animate chart.

analytics5ebd776152e7f.jpg

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The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing "sell" or "buy" orders).

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

U.S. Import Prices Tumble 2.6% In April

Trading 14 mai 2020 Commentaire »

A report released by the Labor Department on Thursday showed steep drops in both import and export prices in the U.S. in the month of April.

The Labor Department said import prices plunged by 2.6 percent in April after tumbling by a revised 2.4 percent in March.

Economists had expected import prices to plummet by 3.1 percent compared to the 2.3 percent slump originally reported for the previous month.

Meanwhile, the report showed a 3.3 percent nosedive by export prices in April following a revised 1.7 percent decrease in March.

Export prices were expected to plunge by 2.1 percent compared to the 1.6 percent drop originally reported for the previous month.


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

U.S. Initial Jobless Claims Drop Much Less Than Expected

Trading 14 mai 2020 Commentaire »

While the Labor Department released a report on Thursday showing a continued decline in first-time claims for U.S. unemployment benefits in the week ended May 9th, the number of new claims still came in well above economist estimates.

The report said initial jobless claims fell to 2.981 million, a decrease of 195,000 from the previous week's revised level of 3.176 million.

Economists had expected jobless claims to tumble to 2.5 million from the 3.169 million originally reported for the previous week.

Jobless claims have steadily decreased since reaching a record high of 6.867 million in late March, but the number of new claims has reached nearly 36.5 million since the coronavirus-induced economic shutdown.


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Dollar Little Changed After U.S. Weekly Jobless Claims

Trading 14 mai 2020 Commentaire »

U.S. export and import prices for April and weekly jobless claims for the week ended May 9 have been released at 8:30 am ET Thursday. After these data, the greenback changed little against its major rivals.

The greenback was trading at 1.2195 against the pound, 1.0787 against the euro, 107.01 against the yen and 0.9743 against the franc around 8:35 am ET.


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Japan M2 Growth Accelerates In April

Trading 14 mai 2020 Commentaire »

Japan's money supply grew at the faster pace in April, data from the Bank of Japan showed on Thursday.

The monetary aggregate M2 rose 3.7 percent year-on-year in April, following a 3.3 percent increase in March.

At the same time, M3 money supply grew 3.0 percent after rising 2.7 percent in the previous month.

The currency in circulation rose 1.8 percent in April and deposit money grew 7.8 percent.

The narrow measure M1 gained 7.0 percent in April, following a 6.2 percent rise in the prior month, data showed.


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