November 2016

Global Stocks

European stocks finished roughly unchanged on Monday, with better-than-anticipated eurozone data serving as a pillar of support, while Spanish shares charged higher as a 10-month government impasse came to an end. IHS Markit said its manufacturing PMI... [...]

Technical analysis of EUR/USD for Nov 01, 2016

When the European market opens, there is no Economic Data will be released but the US will release some economic data such as Total Vehicle Sales, ISM Manufacturing Prices, IBD/TIPP Economic Optimism, Construction Spending m/m, ISM Manufacturing PMI, F... [...]

Technical analysis of USD/JPY for Nov 01, 2016

In Asia, Japan will release the BOJ Press Conference, Monetary Policy Statement, BOJ Policy Rate, BOJ Outlook Report, Final Manufacturing PMI and the US will release some Economic Data such as Total Vehicle Sales, ISM Manufacturing Prices, IBD/TIPP Eco... [...]

Daily analysis of major pairs for November 1, 2016

EUR/USD: There seems to be a novel bullish signal on the EUR/USD, owing to what happened in the market on Monday. Price actions reveals willingness to push price further upwards, targeting the resistance lines at 1.1000, 1.1050 and 1.1100. This could lead to a Bullish Confirmation Pattern in the 4-hour chart.

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USD/CHF: This currency trading instrument shows a slight weakness on October 31, which almost resulted a bearish signal. However, the outlook for this week is bearish, and the resistance levels at 0.9950 and 1.0000 could be tested. It may not be easy for bulls to push price above the resistance level at 1.0000 because it is an important psychological level.

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GBP/USD: The Cable has been consolidating for about two weeks – an even that has resulted in a neutral bias in the short-term. The long-term outlook on the market remains bearish and when momentum rises, it would most likely favor the bears. Strong volatility would be witnessed on GBP pairs this week, and some of them would be weaker in most cases.

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USD/JPY: Bulls are still able to uphold the Bullish Confirmation Pattern that is being seen on this pair. The outlook on JPY pairs (the USD/JPY included) is bullish for this week, and therefore, a price movement towards the supply levels at 105.50, 106.00 and 106.00 could be witnessed this week.

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EUR/JPY: This is a bull market in the short-term. The bullishness started last week, and it remains intact. The supply zones that are being watched are located at 115.50 and 116.00. The demand zones at 114.00 and 113.50 would impede attempts to push price significantly southwards.

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The material has been provided by InstaForex Company - www.instaforex.com [...]

Stocks. Daily history for Nov 31’2016:

(index / closing price / change items /% change) Nikkei 225 17,425.02 0.00 0.00% Shanghai Composite 3,101.38 -2.89 -0.09% S&P/ASX 200 5,317.73 0.00 0.00% FTSE 100 6,954.22 -42.04 -0.60% CAC 40 4,509.26 -39.32 -0.86% Xetra DAX 10,... [...]

Currencies. Daily history for Nov 31’2016:

(pare/closed(GMT +3)/change, %) EUR/USD $1,0976 -0,12% GBP/USD $1,2237 +0,41% USD/CHF Chf0,9889 +0,13% USD/JPY Y104,76 +0,06% EUR/JPY Y114,99 -0,06% GBP/JPY Y128,2 +0,48% AUD/USD $0,7604 +0,09% NZD/USD $0,7147 -0,21% USD/CAD C$1,3411... [...]

Schedule for today, Tuesday, Nov 01’2016

00:30 Japan Manufacturing PMI (Finally) October 50.4 51.7 01:00 China Manufacturing PMI October 50.4 50.4 01:00 China Non-Manufacturing PMI October 53.7 01:45 China Markit/Caixin Manufacturing PMI October 50.1 03:00 Japan BoJ Interest Ra... [...]