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EUR/USD EUR/USD yesterday could not hold above 1.1200, falling to a session low at 1.1176. Before the opening of the American trading session the Euro was trading higher, getting support from the good statistics from China. The Euro came under pressure after the release of the Economic Bulletin, the ECB stressed that the economic prospects in the Eurozone remain clouded, which in turn may soon require additional stimulus. It is expected that the ECB will reduce the benchmark interest rate in September by at least 10 basis points. Today, the Euro moved in a narrow range around 1.1190. After exiting the ascending channel, the price remains in the range of 1.1160-1.1250. Going beyond the boundaries of this range will show the further direction.
Chinese media reported that China is developing new measures aimed at stabilizing foreign trade, to offset the effects of a trade war with the United States. In particular, some state agencies are considering the possibility of revising the directory with an indication of which technologies should be imported. In addition, the authorities plan to expand cross-border e-Commerce and create a new demonstration zone for the import trade. It is expected that import high-tech products will contribute to the modernization and internationalization of Chinese economy.
Federal commissioners for data protection have reached a consensus regarding the risks of violation of legislation on privacy related project Facebook - Libra. In a joint statement released recently by the American organization of ICO members of the Commission on the confidentiality of data from many countries, including Canada, the EU, the UK, Albania, Australia, the United States expressed its concern about the fact that Facebook has still not provided information about how protected personal information of users of the cryptocurrency Libra. due To the fact that the project Libra will be officially unveiled in the near future, there is no information relating to the protection of personal information.
EUR/CHF. 08.08. Correction from the lows Currency pair EUR/CHF has formed on the daily chart the candlestick pattern doji on the resistance level 1.0900. the Price of the trading instrument EUR/CHF has corrected for a set of forces from the lows in June 2017 in the direction to the nearest support level of 1.0950. After the correction is completed I would like to see further development of the downtrend. Monitor the occurrence of signals to sales. Medium-term reference to reduce the level of 1.0800. Brent. 08.08. Oil is recovering after yesterday's fall
Summer of 2019 pretty ruffled nerves of investors and market participants. It has become customary that in July and August the most peaceful and weak volatility months. But, as you can see, not this time. A sharp change of monetary policy of the fed and the aggravation of trade war with China contributed to the emergence of new trends in the market. So, the Euro is above 1.12, the loonie is testing the 1.33, and the ruble 66 figure. USD/RUB Tested important levels and the Russian currency. A few days ago, the usd/rub has broken the resistance at 66.00, but to consolidate above have not yet succeeded, and at the moment the observed pullback in its potential fall to 64.20-64.00. The ruble fell after the introduction of new sanctions and the collapse in the...
Today the price of gold for the first time since 2013, has risen above $1,500 per Troy ounce. The increase was due to increased demand for protective assets amid fears of an escalation of the trade war between the US and China. Also support for precious metal has had expectations of monetary easing by the leading financial regulators in the world. the gold price on the new York stock exchange rose in the course of trade by 1.4%, to $1506,9 per ounce. With the beginning of the year the precious metal has risen by 18%. the Mutual actions of the US and China, as we know, lead to a serious deterioration of trade relations between the two countries. The United States threatened to introduce from 1 September the new duties on imports from China, and Beijing, in...
EUR/USD. 07.08. Euros reduced from 1.1200 Today the US dollar has begun some type of recovery after falling to a level 1,1250. The current price of the pair 1,1175. Earlier, the Euro received support from data on industrial orders in Germany: the index in June increased by 2.5%, while analysts expected an increase of just 0.5%. in a speech Yesterday by the fed representative, James Bullard, who said that he does not see conditions in order to reduce the interest rate by 0.5% at a time. He noted the decline in inflationary pressure and stability in the labour market. The politician expects another rate reduction before the end of 2019. during the day of important news from the USA it is not expected that the pair will be trading under the level of 1.12...
Summer continues despite the approaching autumn, the managers continue to trade in its accounts, although not everyone turns out to be solely in profit. Therefore, preparing a regular forecast on results of trading pamm providers want to focus on those accounts that continue to delight a percent of profit for their investors, as in the case of a negative month, you review your portfolio in favor of the more successful traders with a stable and positive trade performance. On 1 August 2019 at FXOpen operates 235 accounts and invested funds of subscribers in the amount of 2’175’613.00$ according to the statistics monitoring investflow. We also remind you about the opportunity to take part in a new free demo contest for fans to trade cryptocurrency "the Lord...
Brent. 06.08. Oil weakens against the background of the development of the theme of the trade war the Escalation of the trade war brought on the oil market negative sentiment, as increased concerns about slowing global economic growth. Quotes Brent fell to $59,40 per barrel, recovering later to $60,00. Today, we should pay attention to the release of data from the American petroleum Institute (API) oil reserves in the United States. Again, experts expect a reduction of stocks. If the statistics confirm the forecasts, oil will be able to recover somewhat. USD/RUB. 06.08. The pair stood at the level of 65.00
Against the backdrop of the weakening U.S. dollar, NZD/USD breaks in the middle of last month key resistance 0.6710 (EMA200 on the daily chart) has continued its growth, reaching almost 4-month high near mark 0.6790. Using this mark is also the upper line of the rising channel on the daily chart. However, the pair NZD/USD has failed to develop a rise above this level and the resistance level of 0.6790, from which hang up inside the channel and the lower boundary, passing at the moment near the mark 0.6510. currently the NZD/USD is trading near the mark 0.6545, slightly larger correction amid the positive news from the labor market of New Zealand, published in the early Asian session on Tuesday.
Earlier In the week, the yuan fell below the key level of seven yuan to the dollar, falling to its lowest level in 11 years against the background of worsening trade war between Washington and Beijing. At the end of last week, the President of the United States Donald trump has promised to introduce a 10% duty on Chinese goods totaling $300 billion after China and the United States failed to reach progress in the negotiations. Some experts believed that the Chinese Central Bank has allowed the yuan to break the strong psychological level, because no longer believes in the success of the negotiations. This could be the starting point for the beginning of a currency war – a new phase in the trade confrontation between the two largest economies in the world.
Oil Production of OPEC in July fell to the lowest since 2011 because of the implementation of the agreement on production cuts and US sanctions against Iran. the Level of oil production of OPEC in July were 29,42 million barrels per day, which is 280.000 barrels per day less than in the previous month. Despite the decline to a minimum over the past eight years, the price of Brent crude oil fell to $65 per barrel amid concerns of market participants about slowing growth in the world economy. In July, the 11 countries in OPEC, has fulfilled its obligations for the reduction of oil production by 163%. The largest share fell on Saudi Arabia to cut oil production to 9.65 million barrels a day, while the quota stipulated of 10.31 million barrels per day.
Brent. 01.08. Oil rebounded after falling Oil prices stabilized after yesterday's drop from a level of $65,30 to $63,95 per barrel. The current price of the asset is $64,40. Support prices provided data from the US Department of energy on oil reserves in the United States, reflecting a decrease by 8.5 million barrels to 436,5 million barrels – the lowest level since November of 2018. Supports oil prices and rising tension in the middle East. Before the U.S. imposed sanctions against the Minister of foreign Affairs of Iran Mohammad Javad Zarif. In the short term, Brent will trade in a narrow range near the $64,50 per barrel. EUR/USD. 01.08. The Euro slipped to 1.1000
The Us Central Bank surprised the markets last night. The rate was only reduced by 0.25 basis points, instead of 0.5 predicted by analysts. Also, the fed hinted that in August rate cut is unlikely in September. Oil in the bull fire at grinbek was added the fact that the decision to reduce rates was not unanimous – two members of the Committee voted to leave the rate unchanged. USD/JPY This interchange situation contributed to the test pair usd/jpy 109 figures. Technically, buyers grinbek it still does nothing, the price is about five days can not go above this level, and the last rebound from 109.00 in early July caused the loss of 150 PP. At the same time while the price remains above the line of the alligator on the daily chart, it is logical to consider...
According to the preliminary data of the Statistical office of the European Union (Eurostat), the pace of economic growth in the Eurozone in the second quarter slowed down two times. GDP of the Euro area countries in the period from April to June grew by only 0.2% in comparison with the previous quarter (0.4 per cent). Fresh statistics coincided with the experts forecasts. In annual terms, the Eurozone economy has slowed from 1.2% in the first quarter to 1.1%, the lowest level in more than five years. Thus, the actual data increase the likelihood of additional stimulus from the ECB.