Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Long-term review

Global macro overview for 18/05/2017:

Good data on the Australian job market hit the financial newswires overnight. According to the Australian Bureau of Statistics, the Unemployment Rate decreased more than expected, from 5.9% to 5.7% and the Employment Change increased more than expected 4.5K, because the figure revealed was at the level of 37.4k (60.1k a month ago). Part-time jobs were responsible for the growth trend in April as the job creation in this category surged by 49k, following a drop of 13.6k the month before. In conclusion, the Australian employers increased hiring for a seventh consecutive month, reflecting a broad recovery in the nation's labor market. Despite this good data, the main concern remains a weak full-time employment as it declined by 11.6k last month. The growing prevalence of part-time work might raise questions regarding the quality of jobs creation in Australia.

Let's now take a look at the AUD/USD technical picture on the H4 time frame. The bulls have managed to break out above the technical resistance at the level of 0.7438 and now the price is testing this level from above. Nevertheless, the spike up wasn't strong enough to test the upper channel boundary yet as the market conditions are overbought already. The next resistance is seen at the level of 0.7509.

Exchange Rates 18.05.2017 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sebastian Seliga,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.