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Hello. Below are a few recommendations for trading in the Forex market on 11.03.2019
On EURUSD once again came off the bottom of the sideways movement and formed a inside bar. I'd like to see a correction to a previously punched level 1,13000 and development of the down trend. Look here to sales.
also On USDCHF inside bar at the resistance level of 1,01000. Far beyond the level could not go. But I want to see another effort breakdown after correction. The number of sellers in the statistics of transactions is very conducive to continued growth.
On the EURJPY pair formed a pattern Doji at the level 124,100. While there is no certainty that the trend is not finished and will resume growth next trend. But at least possible growth in the correction to 125,70 or slightly higher. Transactions do not see here, wait for more clear situation.
the Fundamental news of the ATP's Shanghai Composite is up 4.4%, the Shenzhen Composite was 3.79%, the Hang Seng Index of 1.91% KOSPI — 1,31%, the Nikkei 225 is 2.01% S&P/ASX 200 — 0,96%
Devastating data, China's exports collapsed in February by 20.7%, has provoked sales of shares of all Asian regions. Chinese markets declined by 4%, the remaining stock exchanges ATR have lost one to two percent.
Experts point out that the February problems with the export and trade balance are not associated with a trade war China-USA, is the effects of the global economic slowdown.
this morning began with the publication of retail sales (spending on credit cards) of New Zealand and the speech of the fed's Jerome Powell.
the U.S. Dow Jones to 0.09% NASDAQ — 0,18%, S&P500; up 0.21% Briefing by U.S. Ambassador to China Terry Branstad
American investors decided not to go into the stock purchases for the weekend, after comments by U.S. Ambassador to Beijing, Terry Branstad. The diplomat warned that on March 27 may not meet Donald trump with the leader of China, if not all items are agreed upon trade agreement.
Also, traders had a further pressure drop in China's exports and forecasts for a decline of growth of the European economy from the ECB.
At the evening session the dynamics of the currency will determine the news:
15-30 – retail sales United States 17: 00 Number of inventories in warehouses of the enterprises of the Eurozone the DAX lost 0.52%, the CAC40 — 0,70% FTSE — 0,74%
Sales of shares of the oil and gas sector became the reason of negative dynamics of Friday's European stock indices. One of the largest sovereign investment funds, the Norwegian NBIM has decided to sell stake in $ 7.5 billion related to oil and gas, mining and service companies.
Another reason for the sales became negative investors ' expectations of the outcome of today's meeting of EU Ministers considering fiscal risks of Greece and Italy. If at first the country is possible to find a compromise, the Italian Cabinet intractable because of the policies of the controlling party of populists.
the morning of the European session will open at 10: 00 trade balance Germany and other news on the EU today, no.
regards, Artem aka TeaDrinker
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