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Business / Finance

Analysis Forex market on 8.02.2019

Portal Forex trader 07.02.2019 at 22:08

Forex trading strategies, expert advisors, indicators, video training trade

Hello. Below are a few recommendations for trading in the Forex market on 8.02.2019

GBPUSD

On GBPUSD has not stopped at the level 1,30500, and now formed a pattern Pin-bar on 1,28500 and the previously broken trend line. Maybe stop drop and still resume growth developing up trend. I think that's a purchases.

XAUUSD

On a pair of Gold came down to the level of 1306,32 and formed a inside bar. This time may finish the correction and resume growth next trend. Consider here the purchase, based on the update highs.

and XAGUSD

On a pair XAGUSD similar situation to 15.65 on the level and pattern of Domestic bar. It looks like the decline stopped. And we will try to resume growth next trend.

the Fundamental news Asia Pacific Nikkei 225 0.59 percent, the S&P/ASX 200 + 1.1% of KOSPI + 0%

the Asian Markets closed mixed during yesterday's trading – Australia continued to pare the theme of the promises of new stimulus measures from the Central Bank, South Korean investors to choose the direction without Chinese colleagues, whose stock exchanges are still closed.

the outsiders was the Japanese index, bidders have arranged the sale before today's release of the big block of statistics, which in fact turned out to be better expectations of analysts:

the Index of household expenditure have reduced the dynamics of the fall, the balance of foreign trade operations increased above forecasts, the US Dow Jones to 0.87% NASDAQ -1,18% S&P 500 -0,94% Economic Advisor to the President of the United States Larry Kudlow gives an interview to Fox

Economic adviser to the President of the United States Donald trump became "the author of" waves of sales of the American indexes. The occasion was the announcement Larry Kudlow live on Fox Business about a weak term to conclude a trade agreement with China until the beginning of March. The adviser also doubts that the leader of China to meet with trump.

This is at odds with the speech of the Minister of economy of the United States, who on Wednesday announced the shipment next week delegation to China and the subsequent meeting XI Jinping and U.S. President 27-28 Feb.

Today American session consists mainly of canadian news:

16-15 – Volume buildings Canada 16-30 – Level employment and unemployment, Canada 20-00 – Report WASDE (agricultural forecasts) 21-00 – the Number of drilling rigs Eurozone DAX — 2,67% CAC40 — 1,84%, the FTSE100 — 1,11%

Pessimistic predictions of the European Commission of the future economic development of the countries of the European Union superimposed on the conflict between France and Germany – macron refused to attend the Munich conference because of the support of Angela Merkel of the project "North stream-2". Together with the possible disruption of trade negotiations, U.S.-China, the news has identified clearly the negative attitude of trading Thursday.

Today the markets will try to rehabilitate with the help of news:

9-30 – unemployment rate in France 9-45 – Unemployment in Switzerland 10-00 – Germany's Trade balance

regards, Artem aka TeaDrinker

last autumn