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Business / Finance

Analysis Forex market on 6.05.2019

Portal Forex trader 05.05.2019 at 20:48

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

Hello. Below are a few recommendations for trading in the Forex market on 6.05.2019

USDCAD

the pair went to update the highs and turning the formed pattern of Absorption. I want to see growth and trending, but it seems that the price is not released from the outset. And perhaps will fall back to 1,33000. Deals here cannot do, are waiting for the situation.

XAUUSD

On Gold was not allowed to price below 1270,70 forming a little incorrect Absorption. Likely to continue falling need a deeper correction. Buy t ut do not consider, as they are against the trend. Expect the retracement to the trend line and there will see signals in sales.

the Fundamental news APR KOSPI IS 0.7%, the S&P/ASX200 + 0% Exchange Japan stock Exchange closed mainland China Hang Seng closed up 0.5%

In the absence of Japanese and Chinese investors on Asian markets has not developed a unified dynamics during yesterday's trading session. Australian traders were under pressure from the released worse than expected building permits, South Korea's KOSPI sank due to the negative dynamics of the banking sector of Singapore is the main supplier of liquidity and investment for the country.

In the black was the only Chinese in Hong Kong, investors were buying shares after the insider CNBC, who learned about the withdrawal of the last disagreements in the course of trade negotiations of the U.S.-China.

Asian markets fall in the morning, the first fundamental news was the desire of Donald trump to raise duties on Chinese imports to 25%, also came out data on China's PMI in the services sector from Caixin.

USA NASDAQ + 1.58 percent, the S&P500; + 0,96%, Dow Jones + 0,75%

Data for record low unemployment to impress investors, ensuring a high demand for us stocks during Friday's trading, the employment rate also exceeded analysts ' expectations. With the overall rise of the index was leading the NASDAQ, this was facilitated by the comments of Warren Buffett with a high business valuation online retailers, in particular the business model of Amazon.

In the second half of the first day of the week is not important news except presentations at 20-45 head of the Bank of Canada General speech on the state of the national economy.

the European Union CAC40 +0,18% FTSE up 0.4%, DAX + 0,55%

European investors decided to go shopping on weekends – positive mood was formed on the positive reports of banks HSBC and Societe Generale, Adidas, as well as acceleration of inflation to 1.7% per annum.

the Debate in Florence, candidates for the post of head of the European Commission — representatives of the 4 major parties in the European Parliament

well as investors welcomed the certainty for the major candidates for the presidency of the European Commission, which held its first debate about political theses. Recall that in late may elections to the European Parliament, after which Jean-Claude Juncker leaves office.

in the Morning and afternoon exchange rates will determine the indicators are:

10:00 – Spain: PMI services and PMI services 10:45 – Italy: PMI services 10:50 – France: PMI services 10:55 – Germany: PMI services 11:00 – Eurozone PMI 12:00 retail sales in the Eurozone

regards, Artem aka TeaDrinker

last autumn