Tag Archives: learn to trade forex

Australia January Unemployment Rate Rises To 5.3%

The jobless rate in Australia came in at a seasonally adjusted 5.3 percent in January, the Australian Bureau of Statistics said on Thursday. That exceeded expectations for 5.2 percent and was up from 5.1 percent in December. The Australian economy added 13.500 jobs last month to 12,995,400 people, again surpassing forecasts for a gain of 10,000 jobs following the gain of 28,900 jobs in the previous month. Full-time employment increased by 46,200 to 8,882,200 people and part-time employment decreased by 32,700 to 4,113,300 people. Unemployment increased by 31,000 to 725,900 people. The participation rate was 66.1 percent, exceeding expectations for 66.0 percent – which would have been unchanged from the month prior. Monthly hours worked in all jobs decreased by 8.1 million hours to 1,781.8 million hours. The monthly seasonally adjusted underemployment rate increased by 0.3 pts to 8.6 percent. The monthly underutilization rate increased by 0.5 pts to 13.9 percent. The material has been provided by InstaForex Company – www.instaforex.com…

Overview of the EUR/USD pair. February 20. Fed’s protocol: low-interest rates can cause the economy’s vulnerability

4-hour timeframe

Technical details:Higher linear regression channel: direction – downward.Lower linear regression channel: direction – downward.Moving average (20; smoothed) – down.CCI: -66.8690Nothing changed for the EUR/USD currency pair. The pair’s quotes are still moving down at a slow pace, often with minimal volatility, and still without the slightest hint of an upward correction. Before the current downward trend, the pair faced a situation for several months in a row when there were all reasons and grounds for continuing the depreciation of the euro against the dollar. However, this did not happen since the bears simply refused new sales at the minimum for 2 years of the pair’s value. Now, bears update three-year lows every day and have no problems. All trend indicators are directed downwards. There were no macroeconomic publications in the European Union and the United States that could have drawn attention to yesterday. Only the minutes of the last Fed meeting were published late in the evening. An event with a “loud” name, which rarely causes any reaction from traders. It happened this time as well and it can be seen from the currency pair chart.As we said yesterday, there was nothing very important or interesting in the minutes of…

*New Zealand Producer Price Inputs +0.1% On Quarter In Q4; Outputs +0.4%

New Zealand Producer Price Inputs +0.1% On Quarter In Q4; Outputs +0.4% The material has been provided by InstaForex Company – www.instaforex.com…

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Fed Minutes Signal Interest Rates To Remain Unchanged For Some Time

Leaving interest rates at their current levels is likely to remain appropriate for some time, according to the assessments offered by Federal Reserve officials in the minutes of the central bank’s latest monetary policy meeting. The minutes of the January meeting, released Wednesday afternoon, made several references to the coronavirus outbreak but are likely to reinforce expectations that the Fed will remain on hold at upcoming meetings. Meeting participants viewed the current stance of monetary policy as likely to remain appropriate for “a time” as long as incoming data remains consistent with the Fed’s outlook for moderate economic growth. “Of course, if developments emerged that led to a material reassessment of the outlook, an adjustment to the stance of monetary policy would be appropriate, in order to foster achievement of the Committee’s dual-mandate objectives,” the Fed said. The minutes said participants concurred that maintaining the current stance of policy would give the Fed time for a fuller assessment of the effects of last year’s interest rate cuts. Participants also discussed how leaving rates unchanged could be helpful in supporting U.S. economic activity and employment in the face of global developments that have been weighing on spending decisions. While the minutes…

Pound: cancellation of the long scenario

Good evening, dear traders! I present to your attention an analysis of the GBP/USD pair.
So, according to our morning recommendation, we advised taking long positions on the GBP/USD pair, in particular, on the good news on inflation today. In this regard, inflation data came out more than positive:
After that, the GBP/USD pair started to increase rapidly; however, the growth slowed down after half an hour and the news positive was completely absorbed.
For this reason, the log scenario is considered undeveloped. Apparently, there are reasons that force traders to sell the pound even on such strong and positive news. And this is unusual, given that this is not the first positive news about Britain in recent times.
The target level for purchases of 1.3070 remains with us. Thus, we will recommend taking long positions for this target when there are buy signals (possibly lower than current prices).
Have a successful trading and control the risks!
The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD. Brexit vs inflation

The pound continues to be under pressure: despite good data on the growth of British inflation, the GBP/USD pair showed only a small price spurt, after which the pair plunged to the middle of the 29th figure. To the disappointment of the bulls of the pair, the news background regarding the prospects of the negotiation process between London and Brussels was not on the side of the British currency. And as you know, the Brexit issue is a priority for the pair – even American events are often ignored by the market when it comes to the “divorce proceedings”. And although Brexit itself is already left behind, now the parties are trying to crystallize the rules for further relations. Harsh statements and comments (both from Brussels and London) offset any other fundamental factors.
It is noteworthy that the main reports that were published this week did not significantly pull down the pound. On the contrary, the labor market showed good dynamics (though salaries did not reach the forecasted values), and today’s inflation indicators – as a selection – they all came out in the green zone. If not for the Brexit factor, the pound paired with the dollar would…

EUR/USD. February 19. Results of the day. Traders await Fed minutes, which will not bring new information

4-hour timeframe
Amplitude of the last 5 days (high-low): 60p – 55p – 33p – 22p – 52p.
Average volatility over the past 5 days: 45p (average).
The EUR/USD currency pair, in a completely on-duty style, updated three-year lows, reaching 1.0785, and did not move from the current lows on Wednesday, February 19. The upward correction does not start and the single currency continues to fall. Despite the fact that today no important macroeconomic publication has been planned in the European Union and the United States that traders could use to take part of the profit on short positions, the correction stubbornly does not want to begin. However, we warned traders that such a weak, but confident, downward movement, which is observed now, can be very long. Thus, nothing changes for the euro/dollar pair. It should also be noted that the quotes of the pair have already worked out the support level of 1.0786 twice and failed to overcome it. Volatility has also decreased today and is currently 23 points. Thus, neither fundamental nor technical grounds for starting the correction are still observed. Even an unsuccessful attempt to overcome the level of 1.0786 cannot be considered a rebound, since…