Tag Archives: trader

*Austria Dec Production Index -2.0% On Month Vs. -1.7% In November

Austria Dec Production Index -2.0% On Month Vs. -1.7% In November The material has been provided by InstaForex Company – www.instaforex.com…

South Korea Consumer Confidence Weakens In February

South Korea’s consumer confidence weakened in February after rising in the previous month, survey results from Bank of Korea showed on Tuesday. The consumer confidence index fell to 96.9 in February from 104.2 in January. In December, the index reading was 100.5. The indicator for consumer sentiment regarding current living standards decreased two point to 91, while that concerning the outlook for living standards declined four point to 93 in January. Consumer sentiment related to future household income and future spending fell four points to 97 and 106, respectively. Consumer sentiment concerning current domestic conditions decrease twelve points to 66 and future domestic economic conditions fell eleven points to 76. The expected inflation rate for the following year was 1.7 percent. The survey was conducted among 2,500 households between February 10 and 17. The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD: plan for the European session on February 25. Buyers of the pound are counting on good news on trade negotiations

To open long positions on GBPUSD, you need:
On Monday morning, the British pound fell. However, the bulls quickly took control of the market, forming the lower border of the ascending channel already in the North American session, which I drew attention to in my review yesterday. While trading is above the intermediate support of 1.2933, which acts as the middle of the wide side channel of 1.2890-1.2980, we can expect the pound to return to the maximum of last week in the area of 1.2978 and its update, which will lead to a test of the area of 1.3020, where I recommend taking the profits. Without such a scenario, talking about the long-term advantage of buyers will not be entirely true, especially since the beginning of trade negotiations between the UK and the EU promises to be very problematic. If the bulls do not cope with this task, most likely, the pressure on the pound will return. So, it is best to open new long positions after forming a false breakdown in the support area of 1.2889 or immediately on a rebound from the minimum of 1.2851.
To open short positions on GBPUSD, you need:
The sellers of the pound will try to…

Medium-term outlook for the fall of GBP/NZD

GBP/NZD
A reversal divergence is formed on the weekly chart using the Marlin oscillator. The price of the current candle for a short time went above the level of 2.0425 and returned under it. This level is very strong and has strategic importance. Starting from May 2010, the price reversed from it many times or accelerated after the breakdown.

Now we are seeing a price reversal from the level down. The first goal of the decline will be to support the MACD line at 1.9900, however, this is only the beginning. If a reversal does occur, the MACD line will be overcome. This will become an additional strengthening bearish factor and the price will fall to the target level of 1.8958 – until the top of May 2017. Overcoming the level opens the way to an even lower goal of 1.8274 – the minimum of July 2019.

According to the daily chart of the GBP/NZD pair, the divergence has already been formed.

As seen on the H4, a double divergence is already in effect and the Marlin oscillator – in the fall zone of the trend.The material has been provided by InstaForex Company – www.instaforex.com…

*Japan Producer Prices +2.3% On Year In January

Japan Producer Prices +2.3% On Year In January The material has been provided by InstaForex Company – www.instaforex.com…

Japan Producer Price Data Due On Tuesday

Japan is on Tuesday scheduled to release January numbers for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices are forecast to hold steady, higher by 2.1 percent on year. Japan also will see final December figures for its leading and coincident indexes; their previous readings were 91.6 and 94.7, respectively. The material has been provided by InstaForex Company – www.instaforex.com…

Dollar Mostly Subdued Against Rivals

The U.S. dollar retreated after displaying some strength earlier in the session on Monday, amid rising concerns about global growth after the coronavirus spread rapidly outside China. The dollar recovered after easing into the negative territory, but was still finding it tough to move up any significantly above the flat line. The dollar index, dropped to a low of 99.11 from around 99.60, and was last seen at 99.28, up slightly from previous close. Against the Euro, the dollar was down marginally at $1.0856, recovering from $1.0874. Earlier in the day, the dollar was up more than 0.4% at $1.0808. Germany’s business confidence improved in February, reports said citing survey data from the ifo institute. The business climate index rose to 96.1 in February from 96.0 in the previous month. The score was above the forecast of 95.3. The assessment of current situation weakened from last month, while expectations improved in February. The current conditions index came in at 98.9 in February versus consensus of 98.6. At the same time, the expectations index rose to 93.4 compared to economists’ forecast of 92.1. Against British Pound Sterling, the dollar strengthened to $1.2928, gaining more than 0.2%. The Japanese Yen gained…

Tick Data Suite Forex

Tick Data Suite you can certainly perform a much better appraisal of the strategy youre evaluating and you can gain the confidence needed to test it live. To make it even more realistic, the Tick Data Suite goes as far as offering an option that allows you to simulate slippage in backtesting.Tick Data Suite is geared towards individuals… Read More »