الأسهم الصينية تنخفض مع تحول اهتمام مستثمري البر الرئيسي إلى سوق هونج كونج

انخفضت مؤشرات الأسهم الصينية في ختام التداولات، عقب صدور بيانات اقتصادية متباينة، وتحول أنظار المستثمرين إلى سوق الأسهم في هونج كونج مجدداً. وفي نهاية التداولات، تراجع مؤشر “شنغهاي” المركب بنسبة 0.3% إلى 3161 نقطة. وتزايدت مشتريات مستثمري البر الرئيسي في بورصة هونج كونج عبر برامج الربط المتصلة ببورصتي شنغهاي وشنتشن، مع تكهنات بأن العمليات البيعية […]

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Technical analysis of USD/CAD for January 10, 2017

General overview for 10/01/2017:

The market keeps trading inside of the congestion zone between the intraday support at the level of 1.3177 and intraday resistnace at the level of 1.3266. The growing bullish divergence between the price and momentum oscillator indicates a stronger bounce towards the 50%Fibo at the level of 1.3390. Nevertheless, the most important zone for bulls is the gray rectangular area between the levels of 1.3437 – 1.3460. Only a sustained breakout above this zone in the impulsive fashion will confirm the wave 3 is in progress and new high will be made in this market.

Support/Resistance:

1.3101 – WS1

1.3177 – Intraday Support

1.3266 – Intraday Resistance

1.3280 – Weekly Pivot

1.3383 – WR1

1.3350 – 50%Fibo

1.3437 – 61%Fibo

1.3460 – Technical Resistance

Trading recommendations:

Daytraders should consider opening buy orders only if the level of 1.3266 is clearly violated. If the low for the wave 2 or (b) is in place then the price should target the level of 1.3383.

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

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Technical analysis of EUR/JPY for January 10, 2017

General overview for 10/01/2017:

The intraday resistance at the level of 123.84 was clearly rejected and the price dipped below the weekly pivot level. The current labeling suggests more impulsive wave progression to come shortly, but the key to the upside levels is the wave (i) high at the level of 123.84. This line must be clearly violated so the impulsive structure could develop. Otherwise, the corrective cycle in the blue wave (4) will evolve into even more complex and time-consuming structure.

Support/Resistance:

123.97 – WR1

123.84 – Intraday Resistance

123.00 – Weekly Pivot

122.46 – WS1

122.01 – Intraday Support

121.47 – WS2

Trading recommendations:

Day traders should consider opening buy orders only if the level of 123.84 is clearly violated. The uncompleted wave progression to the upside supports this view.

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

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تباطؤ التضخم بأسعار المستهلكين في الصين خلال ديسمبر

تباطأ التضخم بأسعار المستهلكين في الصين خلال ديسمبر/ كانون الأول للمرة الأولى في أربعة أشهر، لكن التضخم بأسعار المنتجين تسارعت وتيرته بشكل كبير. وقال المكتب الوطني للإحصاءات الثلاثاء، إن مؤشر أسعار المستهلكين ارتفع بنسبة 2.1% على أساس سنوي خلال ديسمبر/ كانون الأول مقارنة بارتفاع بلغ 2.3% خلال نوفمبر/ تشرين الثاني. وارتفع مؤشر أسعار المنتجين في […]

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Daily analysis of major pairs for January 10, 2017

EUR/USD: This pair has been making attempts to go upwards. Price is now above the support line at 1.0550, targeting the resistance lines at 1.0600, 1.0650 and 1.0700. Since the middle of last week, the pair has gone upwards by 240 pips, and that could just be the beginning.

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USD/CHF: The pair has
generated a “sell” signal in the middle of last week. However, the sell
signal is valid only in the short term. The long-term sell signal can appear only when the psychological level at 1.0000 is breached to the downside. There
can be bearish movements in the short-term and the current rally in the market
is an indication of another short-term selling opportunity.

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GBP/USD: The cable went
down on Friday, and went further downwards on Monday. In fact, GBP pairs became weak across the board, while EUR/GBP goes up. There is a Bearish Confirmation Pattern on
the 4-hour chart, and further downwards movement is possible.

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USD/JPY: There is a ‘sell’
signal on this pair – as USD becomes weak. Price came down by 150 pips on Monday
and it could come down further today, targeting the demand levels at 115.50,
115.00 and 114.50. There could be some rallies this week, but they could turn
out to be opportunities to sell short.

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EUR/JPY: This cross pair
has been quite choppy and turbulent. Price has been going sideways for a long
time, but lately things have gone really unpredictable. It may be wise to
stay away from the market until there is a clear directional movement, which is
expected to happen this week or next.

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

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Dollar Index Likely to Climb to 115 on fED Rate Hike Prospects

The United States dollar index is likely to continue its post-Presidential election merriment even in 2017. We foresee that the dollar index (DXY) will jump above 107 by the first quarter and break April 2002 high of 115 by the end of next year.

Also, we expect that the gains in dollar index will be above the Euro for the first time in 14 years. Not only are US interest rates on the way up in contrast with the rest of the developed world, but long-term rate differentials will continue to widen to record levels.

The economic growth in 2017 is also likely to remain moderate in the near future between 2-2.5 percent supported by Donald Trump’s fiscal stimulus in the form of rising government spending, expanding military and tax cuts.

Following this, the Federal Reserve will be forced to hike interest rate further in 2017. We foresee that the central bank will hike 25 basis points thrice next year- first in June, second in September and the last as usual in December. This will further boost demand for U.S. dollar.

Moreover, it is worth noting that the rising demand for U.S. dollar is mainly because of Donald Trump’s fiscal spending appeal, which is expected to be financed from government borrowing and not because of growth in U.S. economy.

If Trump successfully implements his fiscal plan, consumer inflation will surely rise, giving the Federal Reserve wider space for an interest rate hike. Thereby, rising Fed fund rate will increase the cost of borrowing. After the Presidential election result, dollar index witnessed a massive buying, sending the DXY higher by 8 percent to 103.62 in just a month’s time.

Lastly, we expect the DXY, which recently broke to 14-year highs to rally by more next year and then break its 2001-2002 record of 120 later in the cycle.

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

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