Will the dollar fall from the pedestal?

How much rope does not curl, and the end is always one. After a report on US employment in November, it became clear that the US dollar rally had come to an end. If someone hoped that, thanks to strong statistics, the heyday of the economy would be ext…

Traders bet that the Fed is slowing rate hike next year

Traders said the Federal Reserve Fund would need to slow down the rate of rate hikes next year after a government report showed that employers hired fewer employees in November than expected.Added just 155,000 jobs last month, significantly less than t…

Consumer prices in Brazil fell another 0.21%

The level of consumer prices in November in Brazil fell by 0.21% compared with the previous month, to a maximum of 1.5 years, while analysts predicted a decline of only 0.09%.The rate of inflation in annual terms last month decreased from 4.56% to 4.05…

Today, US employment data is in focus

Today, all investors’ attention will be paid to the release of data on employment in the US economy for the month of November.The ADP company’s private-sector employment data released on Thursday were weaker than expected, which probably led some inves…

Bitcoin analysis for December 07, 2018

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Trading recommendations:

According to the M15 time – frame, I found that BTC has been trading downwards. The price tested the level of $3.263. I also found that BTC is trading in the consolidation channel (a bearish flag), which is a potential re-distribution zone for more downside movement. My advice is to watch for a breakout of the support trendline to confirm further downward continuation. The downward target is set at the price of $2.961.

Support/Resistance

$3.380– Intraday resistance

$3.263– Intraday support

$2.961 – Objective target 1

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

USD/CAD analysis for December 07, 2018

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Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3444. Anyway, according to the H4 time – frame, I have found that price went above the Keltner upper band (overbought conditions) and then it moved back inside the Keltner channel, which is a sign that buying looks risky. I have also found a hidden bearish divergence on the LBR oscillator, which is anotther sign of weakness. Watch for selling opportunities. The downward targets are set at the price of 1.3335 and at the price of 1.3250.

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

GBP/USD analysis for December 07, 2018

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Recently, the GBP/USD pair has been trading sideways at the price of 1.2765. According to the M15 time – frame, I found out that price is trading above the daily pivot (1.2764), which is a sign that selling looks risky. I also found on the point and figure chart that there is a triple top formation created, which is another sign of strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.2826 (resistance 1) and at he price of 1.2875 (resistance 2).

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

BITCOIN Analysis for December 7, 2018

Bitcoin market has taken another strong downturn recently, leading the price to reside below $3,500 area quite impulsively. Bitcoin pushed downwards around 11% on the daily chart which was expected to push towards $4,000 and above recently as per recen…

USA: Brexit threatens global finance market

The two largest US regulators, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), are concerned about the possible negative consequences of the exit of Britain from the European Union, which may affect the…

Fundamental Analysis of USD/CHF for December 7, 2018

USD/CHF has been following the downward bias in light of the positive economic reports from Switzerland, published this week, despite the FED’s hawkish rhetoric and mixed economic data from the US. Ahead of NFP reports which are due today, USD is expec…

Fundamental Analysis of NZD/USD for December 7, 2018

NZD/USD has been quite bearish recently after opening the market with a gap this week. The pair is trading lower below 0.69 with a daily close. Ahead of NFP reports, USD is currently quite indecisive whereas NZD is struggling for gains amid the recent …

Overview of the currency market on 12/07/2018

Such a feeling that market participants looked only at ADP data on employment yesterday, which actually turned out to be worse than forecast and made far-reaching conclusions regarding the content of the report of the Ministry of Labor published today….

Report on the labor market may bring down the dollar

On the eve of the publication of the report on employment in November, the US markets continued to decline, responding to the almost complete absence of positive news. The US trade deficit has grown to a maximum in the last 10 years, and the trade defi…