Tag Archives: Forex Indicies

Japan Overall Bank Lending Rises 2.1% On Year

Overall bank lending in Japan was up 2.1 percent on year in November, the Bank of Japan said on Monday – coming in at 540.3 billion yen. That follows the 2.0 percent increase in October. Excluding trusts, bank lending advanced an annual 2.3 percent to 470.6 billion yen after gaining 2.2 percent a month earlier. Lending from trusts gained 1.0 percent to 69.6 billion yen, while lending from foreign banks jumped 11.7 percent to 3.05 billion yen following the 10.5 percent spike in the previous month. The material has been provided by InstaForex Company – www.instaforex.com…

EUR/USD reacting below resistance, potential drop!

Trading RecommendationEntry: 1.10660Reason for Entry: 38.2% Fibonacci RetracementTake Profit : 1.10280Reason for Take Profit: 61.8% Fibonacci retracementStop Loss: 1.11090Reason for Stop loss:horizontal swing high resistanceThe material has been provided by InstaForex Company – www.instaforex.com…

Oil Futures Rise To Near 3-month High As OPEC Deepens Output Cuts

Crude oil prices rose sharply on Friday after Saudi Arabia and Russia agreed on further output curbs. Positive comments on the trade deal front and upbeat U.S. jobs data contributed as well to oil’s sharp rise. The OPEC and a 10-nation coalition led by Russia called OPEC+ have agreed to deepen oil production cuts in order to prevent oversupply in the market. The new deal agreed upon during the Vienna meet will apply for the first three months of 2020. The move follows the recommendation of the oil exporting countries to deepen the cuts by 500,000 barrels per day to existing 1.2 million barrels per day. The total curb of 1.7 million barrels per day would amount to 1.7% of global crude supply. Saudi Arabia’s energy minister Prince Abdulaziz bin Salman told reporters today that the kingdom’s quota would be an additional 167,000 barrels per day and that it would continue to exceed its quota by 400,000 barrels a day, thus bringing the overall production cut to closer to 2.1 million barrels a day. West Texas Intermediate Crude oil futures for January ended up $0.77, or about 1.3%, at $59.20 a barrel, the highest settlement since September 17. On Thursday,…

*U.S. Consumer Sentiment Index Climbs To 99.2 In December

U.S. Consumer Sentiment Index Climbs To 99.2 In December The material has been provided by InstaForex Company – www.instaforex.com…

Malta Economic Growth Slows In Q3

Malta’s economic growth slowed further in the third quarter, preliminary data from the National Statistics Office showed on Friday. Gross domestic product grew 5.5 percent year-on-year following a 7.1 percent increase in the previous quarter. The pace of growth has been slowing since the fourth quarter of last year. In chain-linked volume terms, the economy grew 3.4 percent year-on-year after a 4.9 percent expansion in the second quarter. The rate of growth slowed for a third straight quarter. Total final consumption expenditure increased 2.5 percent in volume terms, led by a 2 percent growth in household expenditure and a 4 percent rise in government expenditure. Gross fixed capital formation rose 0.2 percent. Exports of goods and services increased by 3.6 percent and imports increased 1.0 percent. The material has been provided by InstaForex Company – www.instaforex.com…

*U.S. Dollar Rises To 2-day High Of 1.1069 Against Euro

U.S. Dollar Rises To 2-day High Of 1.1069 Against Euro The material has been provided by InstaForex Company – www.instaforex.com…

Loonie Falls Following Canada Jobs Data

At 8:30 am ET Friday, Statistics Canada has released Canada jobs data for November. After the data, the loonie dropped against its major counterparts. The loonie was trading at 82.18 against the yen, 0.9055 against the aussie, 1.3244 against the greenback and 1.4665 against the euro around 8:32 am ET. The material has been provided by InstaForex Company – www.instaforex.com…

EUR/USD for December 02,2019 – Rejection of the main resistance at 1.1109, potential for downside and test of 1.1029

EUR rejected of our main multi pivot resistance at 1.1109. As I mentioned, after the price reached Pitchfork median line, we would form several smaller swings before new direction. Full focus is now on the support at 1.1066. The potential downside breakout of support may lead for test of 1.1029. MACD oscillator is showing increase on the downside momentum, which is good sign that sellers are in control and that selling on the rallies is preferable strategy for today.The material has been provided by InstaForex Company – www.instaforex.com…