Tag Archives: MT5

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…

*Australia Jobless Rate 5.3% In January; 13,500 Jobs Added

Australia Jobless Rate 5.3% In January; 13,500 Jobs Added The material has been provided by InstaForex Company – www.instaforex.com…

Forecast for EUR/USD on February 20, 2020

EUR/USD
The euro gained 13 points on Wednesday as part of a moderate expected correction after the previous three-figure fall. The growth could have been greater, but this was hindered by the fall of the British pound and the Japanese yen and the report on the eurozone balance of payments for December, which showed a balance of 32.6 billion euros against expectations of 34.5 billion. Data on the laying of new homes in the US for January showed a small decrease: 1.57 million against 1.63 million a month earlier, but the issued building permits increased from 1.42 million to 1.56 million, showing the highest figure since January 2007. Published minutes from the last FOMC Fed meeting showed nothing interesting.
On the daily chart, the signal line of the Marlin Oscillator is pointing upward, it is possible to continue the correction to the Fibonacci level of 161.8% at the price of 1.0840. The main objectives of declining 1.0745 and 1.0650/80 are maintained.
On the four-hour chart, the double convergence according to Marlin retains its potential effect, which may result in continued price growth, but the signal line of the oscillator stopped at the boundary with the territory of growth….

*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…

Fractal analysis of the main currency pairs for February 20

Forecast for February 20:Analytical review of currency pairs on the scale of H1:For the euro / dollar pair, the key levels on the H1 scale are: 1.0891, 1.0861, 1.0832, 1.0807, 1.0775 and 1.0751. Here, we expect a correction in a downward trend. Short-term upward movement is expected after the breakdown of the level of 1.0807. Here, the target is 1.0832. The breakdown of which will lead to in-depth movement. In this case, the target is 1.0861. This level is a key resistance for the subsequent development of the ascending structure. For the potential value for the top, we consider the level of 1.0891. We await the design of expressed initial conditions before this value. A potential value for the downward movement is the level of 1.0751, however, we consider the movement to this level as unstable.The main trend is a downward structure from January 31, we expect a correctionTrading recommendations:Buy: 1.0807 Take profit: 1.0830Buy: 1.0834 Take profit: 1.0860Sell: 1.0775 Take profit: 1.0752Sell: Take profit:For the pound / dollar pair, the key levels on the H1 scale are: 1.2990, 1.2955, 1.2932, 1.2891, 1.2863, 1.2827 and 1.2804. Here, we are following the development of the downward cycle of February 13. Short-term downward movement…

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Cómo abrir una cuenta demo de Forex (con Metatrader 4) | Winpips

En este vídeo se muestra como abrir y crear una cuenta demo (de práctica) de trading en Forex con metatrader 4. Brokers recomendados: https://www.winpips.es/p/brokers-recomendados.html Vídeo-guía del canal para aprender trading: Mi nombre es Alejandro Rodríguez, bienvenidos a Winpips, el canal donde te ayudamos a mejorar tu trading. Suscríbete gratis al canal: https://goo.gl/Fquk4i Más información en: https://www.winpips.es Síguenos en… Read More »

Treasuries Show Modest Move Back To The Downside

After moving higher for three consecutive sessions, treasuries gave back some ground during the trading day on Wednesday. Bond prices regained some ground after an early move to the downside but still closed modestly lower. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by 1.4 basis points to 1.570 percent. The modest pullback by treasuries came amid easing concerns about the coronavirus outbreak after Chinese officials reported the lowest number of newly confirmed cases since late January. China’s National Health Commission reported 1,749 new cases of the coronavirus, bringing the nationwide total to 74,185. More than 2,000 people have died as a result of the outbreak. Traders were also digesting a Labor Department report showing producer prices increased by much more than anticipated in the month of January. The Labor Department said it producer price index for final demand climbed by 0.5 percent in January after rising by 0.2 percent in December. Economists had expected producer prices to inch up by 0.1 percent. Excluding a pullback in energy prices and a modest increase in food prices, core producer prices still rose by 0.5 percent in January compared to economist estimates…

USDCAD and the three drive pattern

In our last analysis on USDCAD, price was at 1.3230 and we pointed out that a bounce was coming. Price bounced towards 1.3280 and then reversed back down to provide us with a new lower low. But the RSI did not follow.Red line – resistance trend line (broken)Blue line- bullish divergenceThis is the second time we see a lower low and RSI not following to new lows. This is a three drive pattern and it implies that there are many chances of a bigger upward move-reversal even above 1.3280. The blue line in the RSI points out the divergence but also works as a support trend line connecting the higher lows. I believe there are high chances we see USDCAD reverse upwards from current levels towards 1.33-1.34.The material has been provided by InstaForex Company – www.instaforex.com…

Strong Inflation, Rising Shares Lift Canadian Dollar

The Canadian dollar firmed up against its major counterparts in the European session on Wednesday, as the nation’s consumer inflation showed a modest increase in January, while a fall in the rate of new coronavirus cases lifted investor sentiment. Data from Statistics Canada showed that inflation rose 0.1 percent on a seasonally adjusted monthly basis in January, following a 0.4 percent gain in December Core inflation, excluding food and energy, remained unchanged at 0.2 percent in January. The CPI rose 2.4 percent year-on-year in January, up from a 2.2 percent gain in December. Excluding gasoline, the CPI rose 2.0 percent in January. Sentiment was underpinned by a fall in the number of new coronavirus cases in China. Markets also remain hopeful that China will cut its benchmark loan prime rate Thursday to offset the economic damage caused by the coronavirus outbreak. The loonie extended rally to a 4-week high of 83.81 against the yen from Tuesday’s closing value of 82.86. The loonie may find resistance around the 86.5 level. Data from the Ministry of Finance showed that Japan posted a merchandise trade deficit of 1,312.6 billion yen in January. That beat estimates for a shortfall of 1,684.8 billion…