Tag Archives: US30

Elliott wave analysis of GBP/JPY for December 9 – 2019

GBP/JPY is consolidating before the next rally higher towards 143.25 and 144.55. Support at 141.70 will protect the downside for the next rally to 142.96 and 143.25 for the rally higher to 144.55. A break below 141.70 will be of concern, but only a break below support at 140.81 will indicate red wave v and black wave iii already has completed and a more prolonged correction in wave iv is developing. R3: 144.55R2: 143.87R1: 143.25Pivot: 142.77S1: 142.44S2: 142.16S3: 141.70Trading recommendation: We are long GBP from 140.12 with our stop placed at 141.55. We will take profit at 144.45 The material has been provided by InstaForex Company – www.instaforex.com…

Japan GDP Revised To 1.8% In Q3

Japan’s gross domestic product was bumped all the way up to a seasonally adjusted annualized 1.6 percent in the third quarter of 2019, the Cabinet Office said in Monday’s revision. That was a sharp upward move from the 0.2 percent gain originally reported last month for Q3. On a seasonally adjusted quarterly basis, GDP was moved up to 0.4 percent from 0.1 percent in the preliminary reading. Nominal GDP was knocked up to 0.6 percent on quarter from 0.3 percent, while the GDP deflator was unrevised at 0.6 percent. 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…

Surge In U.S. Non-farm Payrolls Lifts Dollar

The U.S. dollar was notably higher against its major trading partners in the European session on Friday, as the economy created much more jobs than forecast in the month of November, supporting hopes for the Federal Reserve to keep policy unchanged when it meets next week. Data from the Labor Department showed that U.S. job growth was in a substantial acceleration in November. The report said non-farm payroll employment surged by 266,000 jobs in November after climbing by an upwardly revised 156,000 jobs in October. Economists had expected an increase of about 180,000 jobs compared to the addition of 128,000 jobs originally reported for the previous month. The unemployment rate edged down to 3.5 percent in November from 3.6 percent in October. The unemployment rate was expected to remain unchanged. The Federal Reserve’s final rate setting meeting of the year is due next week. The Central Bank is expected to keep rates on hold at 1.50-1.75 percent. Investors focused on developments in China-U.S. trade front after President Donald Trump commented that the talks were “moving right along.” Trump’s remarks came after Beijing asserted that some U.S. tariffs should be rolled back as part of an interim deal. U.S. Treasury Secretary…

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. Employment Soars Amid Return Of Striking GM Workers

Job growth in the U.S. showed a substantial acceleration in the month of November, according to a closely watched report released by the Labor Department on Friday. The report said non-farm payroll employment surged up by 266,000 jobs in November after climbing by an upwardly revised 156,000 jobs in October. Economists had expected an increase of about 180,000 jobs compared to the addition of 128,000 jobs originally reported for the previous month. The much stronger than expected job growth was partly due to a rebound in manufacturing employment, which climbed by 54,000 jobs in November after falling by 43,000 jobs in October amid the return of striking General Motors (GM) workers. The Labor Department also pointed to notable job gains in the healthcare and professional and technical services industries. With the stronger than expected job growth, the unemployment rate edged down to 3.5 percent in November from 3.6 percent in October. The unemployment rate was expected to remain unchanged. The unexpected decrease pulled the unemployment rate back down to the nearly 50-year low originally hit in September. The drop by the unemployment rate came as a muted 83,000-person rise in the household survey measure of employment outpaced an even weaker…

U.S. Employment Jumps Much More Than Expected In November

Job growth in the U.S. showed a substantial acceleration in the month of November, according to a closely watched report released by the Labor Department on Friday. The report said non-farm payroll employment surged up by 266,000 jobs in November after climbing by an upwardly revised 156,000 jobs in October. Economists had expected an increase of about 180,000 jobs compared to the addition of 128,000 jobs originally reported for the previous month. With the stronger than expected job growth, the unemployment rate edged down to 3.5 percent in November from 3.6 percent in October. The unemployment rate was expected to remain unchanged. The material has been provided by InstaForex Company – www.instaforex.com…

*U.S. Dollar Rallies To 108.92 Against Yen After Jobs Data

U.S. Dollar Rallies To 108.92 Against Yen After Jobs Data The material has been provided by InstaForex Company – www.instaforex.com…

*Canadian Unemployment Rate Rose By 0.4 Percentage Points To 5.9% In November

Canadian Unemployment Rate Rose By 0.4 Percentage Points To 5.9% In November The material has been provided by InstaForex Company – www.instaforex.com…