Tag Archives: what is leverage in forex

Dollar Gains Against Rivals On Strong Economic Data

The U.S. dollar exhibited strength against most major currencies on Friday, riding on fairly encouraging economic data from China and the U.S. Chinese economy expanded in line with expectations in the fourth quarter. Data released today showed GDP was up 6% year-on-year in the fourth quarter, the same rate as seen in the third quarter. It was in line with expectations as well. The data also showed that industrial production in China rose 6.9% in December, compared to the year-ago quarter. Retails sales surged up 8% in the month, over the same month in the previous year. According to the data released by the Commerce Department Friday morning, U.S. housing starts skyrocketed by 16.9% to an annual rate of 1.608 million in December after jumping by 2.6% to a revised rate of 1.375 million in November. Economists had expected housing starts to rise by 0.7% to a rate of 1.375 million. Building permits tumbled by 3.9% in December, after climbing 0.9% in November. A report from the University of Michigan showed a slight deterioration in U.S. consumer sentiment in the month of January. Preliminary data showed the consumer sentiment index edged down to 99.1 in January from the…

Treasuries Extend Pullback On Spike In Housing Starts

Extending the pullback seen over the course of the previous session, treasuries moved to the downside during trading on Friday. Bond prices regained some ground after seeing early weakness but remained stuck in the red. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.7 basis points to 1.836 percent. The early drop by treasuries came after a report from the Commerce Department showed a substantial increase in U.S. housing starts in the month of December. The Commerce Department said housing starts skyrocketed by 16.9 percent to an annual rate of 1.608 million in December after jumping by 2.6 percent to a revised rate of 1.375 million in November. The surge came as a big surprise to economists, who had expected housing starts to rise by 0.7 percent to a rate of 1.375 million from the 1.365 million originally reported for the previous month. With the much bigger than expected increase, housing starts soared to their highest level since hitting a rate of 1.649 million in December of 2006. Meanwhile, the Federal Reserve released a report showing a modest pullback in U.S. industrial production in the month of December. The Fed…

U.S. Industrial Production Dips Amid Slump In Heating Demand

With utilities output plummeting amid a slump in demand for heating, the Federal Reserve released a report on Friday showing a modest pullback in U.S. industrial production in the month of December. The Fed said industrial production fell by 0.3 percent in December after climbing by a downwardly revised 0.8 percent in November. Economists had expected industrial production to dip by 0.2 percent compared to the 1.1 percent jump originally reported for the previous month. The pullback in production came as utilities output plunged by 5.6 percent in December after surging up by 1.0 percent in November, with unseasonably warm weather leading to a large decrease in demand for heating. Meanwhile, the report said manufacturing output crept up by 0.2 percent in December after spiking by 1.0 percent in November, while mining output jumped by 1.3 percent following a 0.2 percent decrease. The Fed also said capacity utilization for the industrial sector slid to 77.0 percent in December after climbing to an upwardly revised 77.4 percent in November. Economists had expected capacity utilization to slip to 77.1 percent from the 77.3 percent originally reported for the previous month. Capacity utilization in the utilities sector led the way lower, tumbling…

*U.S. Industrial Production Dips 0.3% In December

U.S. Industrial Production Dips 0.3% In December The material has been provided by InstaForex Company – www.instaforex.com…

Portugal Producer Prices Decline For Seventh Month

Portugal’s producer prices fell for the seventh month in a row in December, figures from Statistics Portugal showed on Friday. The producer price index fell 1.6 percent year-on-year in December, following a 1.9 percent decline in November. Excluding the energy group, producer prices fell 1.4 percent in December, following a 1.1 percent decrease in the previous month. Prices for intermediate goods and energy declined 3.3 percent and 2.6 percent, respectively, in December. Investment goods prices rose 0.1 percent. On a month-on-month basis, producer prices fell 0.6 percent in December, following a 0.5 percent drop in the prior month. The material has been provided by InstaForex Company – www.instaforex.com…

Nigeria Inflation At 20-Month High

Nigeria’s consumer price inflation rose to the highest level in twenty months in December, figures from the National Bureau of Statistics showed on Friday. The consumer price index rose 11.98 percent year-on-year in December, following a 11.85 percent increase in November. The latest inflation was the highest since April 2018, when it was 12.48 percent. Food prices grew to 14.67 percent annually in December versus 14.48 percent increase in the preceding month. On a monthly basis, food prices rose 0.97 percent in December. On a month-on-month basis, consumer prices rose 0.85 percent in December, slower than 1.02 percent in the previous month. The core inflation rate, which excludes volatile prices of the agricultural produce, increased 9.33 percent in December, following a 8.99 percent in the preceding month. On a monthly basis, the core CPI rose 0.81 percent in December, following a 0.79 percent rise in the previous month. The material has been provided by InstaForex Company – www.instaforex.com…

BTC analysis for 01.17.2020 – Bearish divergence on the 4H time-frarrme, selling opporutnities are preferable

Industry news:It seems that crypto-custody has been kept a secret from institutional investors.Few things have improved in 2019 as much as the custody of cryptocurrency, and the regulators’ attitude towards it. While a Bitcoin Exchange Traded Fund still waits on the doorsteps of the SEC, institutional companies entering the cryptocurrency custody market has grown.Coinbase snapped up custody provider Xapo, Fidelity entered the crypto-storage space, and the Intercontinental Exchange’s digital assets platform Bakkt launched offering both trading and custody. Yet, investors have been kept in the dark.According to a survey by Bitcoin ETF hopeful Bitwise Asset Management, institutional investors have a crypto-custody problem. The problem, however, is a lack of information, not a lack of solutions.Technical analysis:BTC has been trading upside but it found solid supply near the $9.000 level. I found the bearish divergence on the MACD oscillator, which is sign that buyers got exhausted.Watch for selling opportunities on the rallies with the downward targets at the price of $8.590 and $8.445.Major resistance is set at the price of $9.000.Support levels and downward target are set at the price of $8.592 and $8.445.The material has been provided by InstaForex Company – www.instaforex.com…

EUR/USD. January 17. Overbought euro still caused a fall

EUR/USD – 4H.

As seen on the 4-hour chart, the EUR/USD pair performed a reversal in favor of the US currency and resumed the process of falling in the direction of the low level of 1.1086. A new downward trend corridor has been formed, which now points to the “bearish” mood of most traders. The reversal of quotes in favor of the US dollar occurred with some delay, I was waiting for it 1-2 days earlier. However, in this case, it turned out not so bad, and now I expect a fall to the lower line of the corridor – 1.1040 (approximate goal). A bearish divergence was also formed for the MACD indicator, which also worked in favor of the US currency. The report on inflation in the European Union was not weaker than forecasts, but not stronger than them. Inflation was 1.3% y/y in December, which remains far from the ECB’s target level, which is now 2.0% but can be lowered in the future. Now the main thing is that the information background from America does not scare off bear traders from the plan. In the US, the consumer confidence index and the level of industrial production will be released today.
Forecast…

Evening review for EURUSD for 01/17/2020. The pressure on the euro intensified

Investor sentiment is getting worse and the global economy is getting more negative. The growth rate in China has fallen to +6.1% and the negative is coming. Investment, sales, and the auto market are all slowing down.In Britain, new retail sales data is weak and the Bank of England is likely to cut the rate.Against this background, the US-Europe trade contradictions are intensifying.EURUSD: The euro is falling towards the support of 1.1100.In the case of a break below 1.1085, we sell.Purchases from 1.1180.The material has been provided by InstaForex Company – www.instaforex.com…