Tag Archives: US Dollar

*WHO: Climate Risks To Human Health Growing, But Prioritized Funding Lacking

WHO: Climate Risks To Human Health Growing, But Prioritized Funding Lacking The material has been provided by InstaForex Company – www.instaforex.com…

Spain Unemployment Increases In November

Spain’s unemployment increased in November, data from the Ministry of Labor, Migration and Social Security showed on Tuesday. The number of registered unemployed increased by 20,525 in November from the previous month. The average increase in unemployment over the last ten years was 20,477. Nonetheless, the number of unemployed totaled 3.198 million, the lowest for the month of November since 2008. Compared to last year, the number of people out of work decreased by 54,683 or 1.68 percent in November. The youth unemployment, which covers persons below 25 years of age, decreased by 0.26 percent from the previous month. Unemployment in agriculture decreased 1,715 and fell by 607 in industry. Meanwhile, unemployment in construction increased 1,738 and by 23,934 in services. The material has been provided by InstaForex Company – www.instaforex.com…

Oil Prices Hold Steady On Talk Of Further Supply Cuts

Oil prices held steady on Tuesday amid growing expectations of deeper output cuts when OPEC and its allies meet this week. Benchmark Brent crude edged up 0.1 percent to $60.98 a barrel, while U.S. West Texas Intermediate crude futures were up 0.2 percent at $56.08 a barrel. There were reports that Saudi Arabia wants OPEC to deepen oil production cuts in order to anchor oil prices before Saudi Aramco’s initial public offering. The deal reportedly to be discussed by OPEC and other oil producers at a meeting this week would add about 400,000 barrels per day to existing cuts of 1.2 million barrels per day. That said, it remains unclear if there is consensus within the group to achieve a deeper cut. Russian Energy Minister Alexander Novak said today he expected this week’s meeting to be constructive but added Moscow had yet to finalize its position in talks on possible additional supply curbs. OPEC ministers will meet in Vienna on Thursday while the wider OPEC+ group will gather on Friday. Investors also grappled with prospects of fresh global trade disputes after the Trump administration announced plans to reinstate tariffs on metal imports from Brazil and Argentina and…

GBP/USD: plan for the US session on December 3. Pound expected continued growth

To open long positions on GBPUSD, you need:Even in my morning review, I paid attention to the probability of breaking the resistance of 1.2949, which led to such powerful upward momentum. Now, buyers of the pound are trying to gain a foothold above the level of 1.2983, which the bears ignored and decided to concede. The main calculation is for a new maximum of 1.3017, where I recommend fixing the profits. If the pressure on the pound returns in the afternoon, you can expect to buy from the same level of 1.2949. The absence of important fundamental statistics for the US can play into the hands of buyers of the pound, so we cannot exclude the breakout of the maximum of 1.3017, which will lead GBP/USD to the resistance area of 1.3074.To open short positions on GBPUSD, you need:Sellers are in no hurry to return to the market after the demolition of several stop orders. Therefore, it is best to focus on the resistance of 1.3017, the formation of a false breakout on which will be a signal to sell the pound. Otherwise, it is best to sell GBP/USD on a rebound from 1.3074. The more important task of the bears…

*Amended: Swiss Nov CPI Inflation -0.1% Vs. -0.3% In Oct, Consensus -0.1%

Amended: Swiss Nov CPI Inflation -0.1% Vs. -0.3% In Oct, Consensus -0.1% The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD. December 3. The visit of Donald Trump to the UK could harm the conservatives

GBP/USD – 4H.

As seen on the 4-hour chart, the GBP/USD pair performed an increase to the upper line of the trend range, which has a minimum downward slope. Thus, today, traders will count on fixing the quotes of the pair on this line, followed by continued growth in the direction of the levels of 1.3011 and 76.4% (1.3044), from each of which the possible rebound or bounce off the trend line of the corridor with a turn in favor of the US dollar and start falling towards the correctional level of 61.8% (1.2836).
Parliamentary elections in the UK are approaching, and the conservatives and Labor continue to use all available means to increase the attractiveness of their party among the population of the country. Yesterday, December 2, Donald Trump arrived in the UK on a working visit. He will attend the NATO Summit. However, despite the friendship between Boris Johnson and Donald Trump, the number of meetings between the two leaders can be kept to a minimum. It is reported that Boris Johnson wants to protect the influence of Donald Trump on the election campaign. The Prime Minister said earlier: “There are things that we traditionally do, like loving allies and friends,…

Trader’s Diary: EURUSD on 12/03/2019, Market condition

EURUSDOn Monday, December 2, the euro received a strong impulse upwards, this is seen in the chart above. Many traders probably rated this as the beginning of a large, strong trend. Moreover, there has not been a real strong movement in the euro for a very long time, since October 2018.The issue of trend is a question of market conditions. And market condition is a very important issue for the architecture of the Trading System.As I wrote in my past article, the Trading System is divided into simple and complex systems, where in a simple system the question of market condition is simply ignored. Vehicle parameters and filters are selected in such a way as to exclude periods of long-term losses and drawdowns. The disadvantage of this approach is that the longer we trade on a Trading System (TS), the more likely the market will be stuck for a long time in an unfavorable phase for our system, and no settings and filters will be saved.A radical solution is to introduce the concept of Market State into a TS and then remove the system in an unfavorable market. It is obvious that in a trend it is not worth trading a…

Control zones USDCHF 12/3/2019

The pair’s fall from yesterday led to the lower limit of the average weekly move. This makes it possible to close all sales opened during the WCZ 1/2 test. The probability of consolidation below the middle course zone is at 30% this week. This allows us to consider the formation of corrective upward movement until Friday.
Sales from current grades are no longer profitable. You need to create a false breakout pattern of yesterday’s low to buy from the middle course zone.
An alternative decline model will be developed if today’s trading closes lower than yesterday. This will indicate a continued decline, the aim of which will be the November low. Sales at or below average speed are not recommended, as the likelihood of a return to the range will increase to 90%.
Daily CZ – daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ – weekly control zone. The zone formed by important marks of the futures market, which change several times a year.
Monthly CZ – monthly control zone. The zone, which is a reflection of the average volatility over the past year.
The material…

Control zones for USD/CAD on 12/03/19

During the second week, the pair is trading within the accumulation zone. This makes it possible to consider weekly extremes for finding entry points. The upper boundary is the maximum of the last week, which coincides with the Weekly Control Zone 1/2 1.3328-1.3319. Now, testing this zone will be decisive for the entire upward movement of the last month.
Working within the framework of the flat implies partial consolidation of transactions during tests of significant extremes.
An alternative model will be developed if the closure of today’s trading occurs above the Weekly Control Zone 1/2. This will open the way for further growth. The nearest goal, in turn, will be the maximum of October. The test of which will increase the probability of a large offer.
Daily CZ – daily control zone. The zone formed by important data from the futures market that changes several times a year.
Weekly CZ – weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly CZ – monthly control zone. The zone that reflects the average volatility over the past year.
The material has been provided by InstaForex Company – www.instaforex.com…

Australia Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at the record low 0.75 percent. Australia also will see Q3 numbers for current account; in the three months prior, the current account surplus was A$5.9 billion. Japan will provide November numbers for monetary base; in October, the base was up 3.1 percent on year. Thailand will release November numbers for consumer and producer prices. In October, overall consumer prices were down 0.16 percent on month and up 0.7 percent on year, while core CPI rose 0.04 percent on month and 0.4 percent on year. Producer prices fell 0.4 percent on month and 2.5 percent on year. The material has been provided by InstaForex Company – www.instaforex.com…