empty
 
 
17.05.2018 08:58 AM
Trading plan for 17/05/2018

The yields of the 10-year-old US jumped over 3.10%, but the dollar's reaction disappoints. The prime leads the GBP thanks to information on Brexit, and AUD found support in a solid report from the labor market. EUR/USD bounced back from 1.1760 on Wednesday, and managed to reach 1.1830 after the information was denied that the new ruling coalition in Italy wanted the ECB to write off EUR 250 billion of Italian bonds. USD/JPY has stopped in the range of 110.0-110.40. There is a mixed picture in the stock market. On the one hand, Japanese Nikkei managed to gain 0.7%, and in China Shanghai Composite loses 0.4%. Gold remains under the pressure of growing profitability and barely defends itself against a more durable decline of $1,290. Not much is happening in the oil market, where WTI is testing the recent highs at 71.70.

On Thursday, 17th of May, the event calendar is full of important data. Canada will issue Foreign Securities Purchases and ADP Non-Farm Employment Change data. The US will present Philly Fed Manufacturing Index data, Unemployment Claims and Continuing Claims data, CB Leading Index data, and EIA Natural Gas Storage Change data. Moreover, there are two speeches scheduled later today where FOMC Member Neel Kashkari and Rober Kaplan and MPC Member Andy Haldane participate.

AUD/USD analysis for 17/05/2018:

The labor market of Australia confirmed its good condition. In April employment increased by 22.6k against a forecast of 20k. Full-time employment increased by 37.5k due to a drop of 25.1k a month earlier. Part-time work decreased by 10k after an increase of 24.4k earlier, the improvement in the composition of employment is good and covered the increase in the unemployment rate to 5.6% from 5.5%.

Let's now take a look at the AUD/USD technical picture after the data has been published. The market has initially moved towards 0.7550, but is slowly retreating to 0.7530. Nevertheless, the market is bouncing from the oversold conditions and the next target is seen at the level of 0.7563, which is a 38% Fibo of the previous swing down. Any breakout through this level will directly expose the technical resistance at the level of 0.7578 - 0.7589 to test. The immediate technical support is seen at the level of 0.7472 and 0.7445.

This image is no longer relevant

انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$8000 مزید!
    ہم مارچ قرعہ اندازی کرتے ہیں $8000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 100 فیصد بونس
    اپنے ڈپازٹ پر 100 فیصد بونس حاصل کرنے کا آپ کا منفرد موقع
    بونس حاصل کریں
  • 55 فیصد بونس
    اپنے ہر ڈپازٹ پر 55 فیصد بونس کے لیے درخواست دیں
    بونس حاصل کریں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback