China Jan-Feb Industrial Profits Surge 32 Pct, Could Boost fixed Asset Investment

Data released by the National Statistics Bureau on Monday showed that profits at Chinese industrial firms surged 31.5 percent in the first two months of 2017 from a year earlier. Faster rise in the prices of coal, steel and crude oil was seen as the main driver behind the surge in profits. Strong imports also pointed to a pick-up in activity.

Total industrial profits over the first two months of the year were 1.01 trillion yuan ($147 billion), the National Bureau of Statistics said. The pace of profit growth compared to a 2.3 percent increase in December. Liabilities of industrial firms rose 6.6 percent year-on-year as of end-February, according to the statement.

Robust bank lending, a government infrastructure spree and a much-needed resurgence in private investment supported a strong start to 2017. Government outlays were up 17.4 percent in Jan-Feb, fixed-asset investment expanded more than expected, including a 27.3 percent increase in infrastructure spending.

Analysts expect stronger corporate earnings will likely to give a further boost to fixed-asset investment, which quickened early in the year.

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

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النفط يواصل التراجع مع تجدد المخاوف إزاء تخمة المعروض العالمي

واصلت أسعار النفط تراجعها مع تجدد المخاوف بشأن تخمة المعروض العالمي، متجاهلة هبوط الدولار واسع النطاق أمام العملات الرئيسية وتحركات “أوبك” الأخيرة لتعزيز جهود تحقيق التوازن في الأسواق. وتراجعت أسعار العقود الآجلة لخام “برنت” القياسي تسليم مايو/ أيار بنسبة 0.55% إلى 50.51 دولار للبرميل، فيما انخفض خام “نايمكس” الأمريكي بنسبة 0.70% إلى 47.63 دولار للبرميل، […]

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المؤشر العام لبورصة قطر يغلق على ارتفاع طفيف

أنهى المؤشر العام لبورصة قطر جلسة اليوم على ارتفاع طفيف بنحو 0.2%، مغلقا عند مستوى 10429 نقطة ( + 16 نقطة )، وسط ارتفاع قيم التداولات إلى 334 مليون ريال مقارنة بالجلسة السابقة. وشهدت نهاية تداولات اليوم اغلاق 24 سهما على ارتفاع بنسب متفاوتة، كان أبرزها سهم “فودافون قطر” بنسبة بارتفاع قدره 2.1% عند 9.17 […]

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Daily analysis of EUR/USD for March 27, 2017

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Overview

The EUR/USD pair succeeded to breach 1.0852 level and closed the last 4-hour time frame above it. That supports the continuation of our bullish trend expectations efficiently in the upcoming period, easing the way towards our next target at 1.0973. Therefore, the bullish trend will remain preferred in the upcoming period. It points that holding above 1.0852 turns to be the first condition for the continuation of the expected rise, pointing that we need a daily close above this level to confirm the continuation of the suggested bullish bias. The expected trading range for today is between 1.0750 support and 1.0973 resistance.

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

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مؤشر دبي ينخفض بـ 0.4 % عند 3454 نقطة وبتداولات ضعيفة .. وأبوظبي يستقر عند مستواه السابق

أقفل سوق دبي المالي اليوم منخفضا بنسبة 0.4 % عند مستوى 3454 نقطة، وبتداولات ضعيفة بلغت قيمتها الإجمالية 165 مليون درهم فقط. ومن أصل 34 شركة تم تداول أسهمها اليوم، انخفضت أسهم 21 شركة، بينما ارتفعت أسهم 6 شركات، وبقيت 7 على ثبات. وواصل سهم الاتحاد العقارية صعوده بعد توصية المنحة، وبنسبة 1.3 % عند […]

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Daily analysis of EUR/JPY for March 27, 2017

EURJPYH4.png

Overview

The EUR/JPY pair repeated its fluctuation round the bullish range’s support line, located now around 119.50, affected by the negativity of the major indicators that block the expected bullish attempts. Thus, we will keep waiting to gather new positive momentum to support rallying above 120.65 level followed by starting to record gains by reaching 121.60 followed by 122.80 levels. We should note that the price’s attempt to decline below the current support will postpone the bullish attempts and move to build new correctional bearish bias that targets 118.50 level. If it breaks this level, it will extend losses towards 116.80. The expected trading range for today is between 119.50 and 121.60.

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

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Oil Stuck Below $48 As OPEC Doubts Linger

Crude oil futures edged down Monday, holding near 4-month lows amid concerns about OPEC’s ability to end a global supply glut.

WTI light sweet crude oil was down 34 cents at $47.62 a barrel.

OPEC and certain non-OPEC nations are looking to extend their six month supply quota agreement until the end of the year.

Ministers from the past weekend’s OPEC meeting reported “high level of conformity and recommends six-month extension”.

However, “OPEC’s market intervention has not yet resulted in significant visible inventory drawdowns, and the financial markets have lost patience,” analysts at Jefferies said in a research note.

Meanwhile, U.S. production skyrocketed over the winter. Baker Hughes said the number of active U.S. rigs drilling for oil rose by 21 to 652 rigs last week.

U.S. crude oil inventories are already at record highs. The EIA said Wednesday that stockpiles rose another 4.5 million barrels.

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

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تراجعت العقود الآجلة للنفط خلال جلسة التداول الأوروبية

تراجعت العقود الآجلة للنفط في التعاملات الأوروبية يوم الاثنين.

في بورصة النايمكس, تبادل العقود الآجلة لنفط الخام للتسليم في مايو تداول في 47.60 دولار للبرميل، انخفض بنسبة 0.77٪.

في وقت سابق من اليوم تم تداول العقود بانخفاض يوميا من 47.35 دولار للبرميل. ومن المتوقع أن يجد الدعم عند 47.01 دولار والمقاومة عند 48.48 دولار للنفط.

وانخفض مؤششر الدولار الآجلة في الولايات المتحدة، الذي يقيس أداء العملة الأميركية مقابل سلة من ست عملات رئيسية أخرى، بنسبة 0.74٪ إلى سعر 98.85 دولار.

كما ونفط برنت لشهر حزيران بنسبة 0.53٪ إلى سعر 50.65 دولار للبرميل عند الهامش بين سعر العقد لمزيج برنت والنفط الخفيف يبلغ 3.05 للبرميل.

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USD/CAD intraday technical levels and trading recommendations for March 27, 2017

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Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel.

In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel).

However, significant bearish rejection was expressed around 1.3580 (recently established top).

During the bearish pullback, the price level of 1.3300 (50% Fibonacci Level) failed to provide enough support to the pair.

This allowed further bearish movement toward the price level of 1.2970 (61.8% Fibonacci level) where a valid BUY entry was offered in February 2017.

Last week, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced further advance toward 1.3440 and 1.3530.

The next bullish target would be located around 1.3800 (upper limit of the depicted channel) if the pair maintains upside trading above 1.3300 (50% Fibonacci Level) which stands as a prominent support level.

On the other hand, if the USD/CAD pair moves below 1.3300, it may become trapped again within the depicted consolidation range (1.3300-1.2970).

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

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