Free no deposit Bonus Forex
Saturday, 20.10.2018, 13:10
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest
Statistics

Total online: 1
Guests: 1
Users: 0
...
Main » 2018 » September » 20 » Trading Ideas Forex traders on 09/20/2018
12:59
Trading Ideas Forex traders on 09/20/2018

article31286.jpg

In the Asian session Thursday, scored better than other New Zealand dollar. A pair of NZDUSD confidently fixed above 0.66, by 10:00 Moscow time testing 0.6650 resistance. The sharp rise in the New Zealand currency is due to the release of encouraging statistics on the economic growth of the region, as well as the comments of the Prime Minister of China's unwillingness to devalue the yuan. A few hours ago the GDP data were published in New Zealand, according to which the quarterly growth was 1%, twice the rate of economic expansion in the second quarter.

 

 

AMarkets

 

 

Annual growth reached 2.8%. Meanwhile, the Chinese government will not reduce the rate of the yuan against the dollar to increase exports against the background of a trade war with the United States. On Wednesday, said Chinese Premier Li Keqiang at the World Economic Forum. According to him, "unilateral devaluation will bring China more harm than good." Previously, the idea of ​​the weakness of the New Zealand dollar kept waiting for the inevitable devaluation of the yuan, which leads to higher prices for New Zealand's exports. Given the changed fundamental background suggested to liquidate earlier opened short positions in the NZDUSD pair, betting on short-term growth in the area of ​​New Zealand's 0.68. This target will be relevant as long as the US dollar buyers do not take the initiative. We believe that before the end of next week is unlikely to happen.


#NZDUSD BuyLimit 0,6630 TP 0,68 SL 0,6590


Brent crude quotes during the trading session on Wednesday, rose again, and the reconstructive speaker persists in the Asian session on Thursday. The resistance of $ 80 per barrel still looks strong technical barrier to overcome which will not be easy. Bullish rally was supported by the oil industry, government data on US oil inventories. In particular, US Energy Information Administration (EIA) reported a decrease of oil in the week ending 14 September to 2.1 Mill. Barrels reduction lasts 5 consecutive week. Analysts Polling S & P Global Platts expected reduction in stocks 3 Mill. Barrels. Stocks of gasoline thus decreased by 1.7 Mill. Barrels, distillate stocks increased by 800 thousand. Barrels. The upbeat mood was also based on the Iranian comments about OPEC countries can not compensate for the lack of oil supply after the entry into force of sanctions against Iran by the US. Earlier quotations grew on the information that Saudi Arabia allows the growth of the price of Brent above $ 80 per barrel. It is worth noting that the return of sellers to the market is still possible. The coming weekend will be a meeting of the technical committee of OPEC +. In the event that the country will agree on raising the limit oil production of over 1 million. Barrels per day, "the Iranian issue" will become less relevant. Recommended to be extremely careful with long positions in Brent especially near the psychological bar $ 80 per barrel. that the return of sellers to the market is still possible. The coming weekend will be a meeting of the technical committee of OPEC +. In the event that the country will agree on raising the limit oil production of over 1 million. Barrels per day, "the Iranian issue" will become less relevant. Recommended to be extremely careful with long positions in Brent especially near the psychological bar $ 80 per barrel. that the return of sellers to the market is still possible. The coming weekend will be a meeting of the technical committee of OPEC +. In the event that the country will agree on raising the limit oil production of over 1 million. Barrels per day, "the Iranian issue" will become less relevant. Recommended to be extremely careful with long positions in Brent especially near the psychological bar $ 80 per barrel.


UKOIL SellLimit 79,50 TP 74,00 SL 80,50


Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author Artem Deev trader analyst AMarkets.

 

 

Views: 28 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
WELCOME 35USD
Calendar
«  September 2018  »
SuMoTuWeThFrSa
      1
2345678
9101112131415
16171819202122
23242526272829
30
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2018-2012
    Website builderuCoz