August 2017

FreshForex: Expectations on Nonfarm Payrolls ReleaseDear traders,

August US Nonfarm Payrolls release is scheduled on September 1 at 12.30 noon GMT. This is one of the most important economic events that influences financial markets.

Leading FreshForex analyst Catherine Main has commented on this issue as follows:

“Leading indicators released on the previous week are anticipating positive Nonfarm Payrolls release. Conference Board consumer confidence index and ADP private sector employment rate hit a four-month high in August, that is likely to indicate Non-Farm Employment Change growth. Trading signals for Friday: Sell EUR/USD, GBP/USD and Buy USD/JPY, USD/TRY.”

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FreshForex: Expectations on Nonfarm Payrolls Release

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Fed Chair's Statement: Open EUR/USD PositionsDear traders,

On August 25th at 3 p.m. GMT speech of Fed Chair Janet Yellen will take place on Jackson Hole Symposium, which is an annual economic policy symposium for central bankers, policy experts and academics.

Fed Chair’s speech may have a great impact on currency market.

We asked the leading analyst of our company Catherine Main to comment on the expectations related to this speech:

“This Friday economic policy symposium in Jackson Hole starts, where Janet Yellen may actually name the date when Fed will start shrinking its balance sheet. On Friday traders may consider going short on EUR/USD, GBP/USD.”

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Fed Chair's Statement: Open EUR/USD Positions

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Dear clients,
Please note that due to Summer Bank Holiday in Great Britain on August 28th CFD trading on index #FTSE100 will be closed.
Please consider this information when planning trading on financial markets.
Company reserves the right to suspend t…

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European stocks slumped Wednesday, with investors assessing fresh data on the health of the eurozone economy, as market participants counted down to a key meeting of central bankers. The Stoxx Europe 600 index SXXP, -0.50% lost 0.5% to close at 373.92…

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EUR/USD: The EUR/USD is
neutral in the medium-term and bullish in the very short-term. Some bullish
effort is being made, but it would not be significant unless price rises above
the resistance line at 1.1900. On the other hand, a decline is likely when
momentum returns to the market. Some fundamental figures are expected today and
it could have some impact on the markets.

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USD/CHF: The USD/CHF has not done much so far this week – hence the current consolidation. For the current neutrality to end, the price would need to, either go above the resistance level at 0.9750 or below the support level at 0.9600. Either of this would happen within the next several trading days and it would require strong volatility.

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GBP/USD: The Cable has dropped by at least, 450 pips this month. There is a huge Bearish Confirmation Pattern in the 4-hour chart (and in the daily chart of course). The EMA 11 is below the EMA 56, and the RSI period 14 is below the level 50. The price is now approaching the accumulation territory at 1.2750, after going below the distribution territory at 1.2800.

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USD/JPY: This currency trading instrument has been moving in a zigzag mode – in the context of an uptrend. Price has been trending downwards since July and based on historical data, the market is currently good for “sell-on-rally” strategies. Whenever price tries to go up, the effort would be truncated and a good opportunity to sell short would emerge.

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EUR/JPY: There are mixed signals on the EUR/JPY. The EMA 11 is below the EMA 56 (a bearish indication), but the RSI period 14 is above the level 50 (a bullish indication). One would need to wait to see which direction the market would go in the next few days. A breakout would soon occur in the market.

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The material has been provided by InstaForex Company – www.instaforex.com

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The price has reacted off our selling area perfectly. We remain bearish below major level of resistance at 128.97 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a pu…

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The price continues to test our major buying support level. We remain bullish looking to buy above major support of 108.85 (Fibonacci extension, horizontal swing low support) for a push up to at least 110.28 resistance (Fibonacci retracement, horizonta…

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