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Business / Finance

The situation on the Forex market on 31.05.2019

Portal Forex trader 30.05.2019 at 22:09

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

Hello. Below are a few recommendations for trading in the Forex market on 31.05.2019


On EURUSD once again stopped at the support level at 1,1120 and formed a pattern Doji. It seems that the strength to continue the downtrend yet and go hide upstairs. Buy here do not consider, as they are against the trend.


On a pair of USDCAD came out a little over the top border of the sideways 1,35000 fell back and formed a inside bar. It is unclear, back in the outset. But according to the statistics of transactions, the majority of sellers are quite significant and may grow further with the trend in their background. Look here to purchase.


On a good pair USDJPY Pin bar with a support level 109,75. this level is not much noticed. But probably the correction is over and continue to fall further with the trend. Consider there sales.


On the pair EURAUD pattern Doji at the support level 1,6078. Probably the correction is over, from the outset came out, now entrenched and continue up trend. Consider purchase here.

the Fundamental news APR Nikkei — 0,29% KOSPI + 0.77% OR the S&P/ASX 200 — 0,74% Hang Seng by 0.53 %, Shanghai Composite — 0,31 %, the Shenzhen Composite rose 0.74%

Asian markets slipped under the influence of negative data released statistics that showed the decline of the construction sector in New Zealand and Australia, below analysts ' expectations, lower estimates of growth of national economy by the government of Japan, lack of positive news in Chinese-American relations.

Today in the morning came the big news:

the PMI Index China consumer price Index, production output and retail sales in Japan the Volume of loans to private sector Australia, the US Dow Jones + 0.17% the S&P500; + 0.21% and the NASDAQ + 0,27%

Positive economic statistics stopped the fall of American indices – weekly applications for unemployment benefits increased less than analysts ' forecasts, US banks increased their overall profit for the first quarter of 8.7% according to the FIDC.

the representative of the Ministry of Commerce of China Gao Feng gives an interview to Xinhua news Agency

Among the negative news, but not yet considered by the market news note: a new trade war Donald trump with Mexico, the import of which charged a 5% fee to address the problems of illegal migration and the move of China.

the Government of China, the representative of the Ministry of Commerce Gao Feng, refused any negotiations with the United States at the moment.

On the American session will be released indexes:

15-30 – Spending 15-30 individuals United States – Canada GDP 16-45 – 17-00 Chicago PMI Indices of attitudes and expectations from the Michigan Institute 20-00 – the Number of drilling rigs Eurozone CAC40 + 0,51 % FTSE + 0,46% DAX + 0,54 %

Growth indices in the European session, driven by expectations of additional stimulus program from the ECB, against the background of the economic crisis. After registering a decline in inflation, forcing the Central Bank to take emergency measures that may be announced already next week.

in the Morning come news:

09:00 Index of housing prices in the UK 09:00 – retail sales Germany 09:30 – retail sales in Switzerland 12:00 – consumer price Index Italy 15:00– consumer price index

regards, Artem aka TeaDrinker

last autumn