Free Forex Trading Signals For 07.29.2016

Free Forex Trading Signals For 07.29.2016

Free Forex Signals#UDSX          96.95—-96.10        Sell at the Top,                  Stop Loss 30 pips,     Target at the Buttom
EUR/USD     1.1150—-1.1040      Buy at the Buttom,            Stop Loss 40 pips,     Target at the Top
GBP/USD     1.3220—-1.3090    Buy at the Buttom,            Stop Loss 40 pips,     Target at the Top
USD/CHF     0.9850—-0.9750   Sell at the Top,                  Stop Loss 40 pips,     Target at the Buttom
USD/JPY      106.00—-104.00    Sell at the Top,                  Stop Loss 40 pips,     Target at the Buttom
AUD/USD     0.7540—-0.7440    Sell at the Top,                  Stop Loss 40 pips,     Target at the Buttom
USD/CAD     1.3200—-1.3060     Buy at the Buttom,            Stop Loss 40 pips,     Target at the Top
GOLD            1343.00—1329.00   Buy at the Buttom,           Stop Loss 5 $,             Target at the Top
Silver             20.40—20.00          Buy at the Buttom,           Stop Loss 0.15 $,            Target at the Top
Oil                   41.70—40.30           Sell at the Top,            Stop Loss 0.5 $,           Target at the Buttom

Keywords:Forex Trading Signals,Forex Trading Strategy,Forex Trading System,Free Forex Analysis,Forex ForecastIf you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

Free Forex Trading Signals For 07.28.2016

Free Forex Trading Signals For 07.28.2016

Free Forex Signals#UDSX          97.10—-96.30        Sell at the Top,                  Stop Loss 30 pips,     Target at the Buttom
EUR/USD     1.1115—-1.1015      Buy at the Buttom,            Stop Loss 40 pips,     Target at the Top
GBP/USD     1.3320—-1.3160    Buy at the Buttom,            Stop Loss 40 pips,     Target at the Top
USD/CHF     0.9910—-0.9820   Sell at the Top,                  Stop Loss 40 pips,     Target at the Buttom
USD/JPY      106.00—-104.50    Sell at the Top,                  Stop Loss 40 pips,     Target at the Buttom
AUD/USD     0.7560—-0.7440    Buy at the Buttom,            Stop Loss 40 pips,     Target at the Top
USD/CAD     1.3250—-1.3110       Sell at the Top,                  Stop Loss 40 pips,    Target at the Buttom
GOLD            1358.00—1330.00   Buy at the Buttom,           Stop Loss 10 $,            Target at the Top
Silver             20.90—20.00          Buy at the Buttom,           Stop Loss 0.3 $,            Target at the Top
Oil                   42.90—41.70           Buy at the Buttom,            Stop Loss 0.5 $,            Target at the Top

Keywords:Forex Trading Signals,Forex Trading Strategy,Forex Trading System,Free Forex Analysis,Forex Forecast

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

Macro Events & News for 07.28.2016

2016-07-28_08-56-58

FOREX News Today

European Outlook: Asian stock markets mostly headed south, with Japan underperforming (closing down 1.13%) as the Yen strengthened USDJPY 10477). U.K. stock futures are also down, and oil prices remain under pressure (see more below). Bund futures already moved higher in after hour trade yesterday and are likely to open with gains, supported by risk aversion. The Fed left policy unchanged yesterday and delivered a slightly more upbeat statement, as expected, which leaves rate normalisation on the cards, but the timing of any hike remains in the dark. Today’s calendar has the last of the Eurozone’s major surveys for July, with the ESI seen falling to 104.0 (med 103.7), from 104.4 in the previous month. The risk as with the other survey is to the upside as real sector sentiment so far has weathered the Brexit referendum much better than expected. Germany has unemployment data for July, which is expected to confirm a still robust labour market, and preliminary inflation data for July, with HICP inflation seen rising to 0.3% y/y from 0.2% y/y.

Fed Tightens Statement, but Hike Timing Still Loose: The FOMC held rates unchanged and opted for a slightly more upbeat outlook, as was the risk. The Fed inserted “Near-term risks to the economic outlook have diminished,” which appeared to be a stepping stone towards reviving a “balance of risks” assessment. It also upgraded the employment picture, while cutting the expansion back to a “moderate rate,” and remaining wary of the inflation shortfall. All told, the statement nudged the markets a tiny step closer to resumption of normalization, but specific timing remains a mystery.

US Market Reports: The U.S. durables report was disappointing across the board, given a huge 4.0% June headline orders drop with a 0.5% ex-transportation decline after downward May revisions, alongside weak equipment orders and shipments figures, and a sixth consecutive inventory drop. We lowered our Q2 GDP growth estimate to 2.5% from 2.7%, with a 3% (was 5%) clip for real equipment spending. We expect a $23 (was $19) bln Q2 inventory subtraction that leaves a slightly elevated $45 bln accumulation rate, following three consecutive quarterly subtractions of $10.0 bln in Q1, $7.2 bln in Q4, and $28.0 bln in Q3. We expect a 0.1% June factory inventory drop with a 0.1% total business inventory rise, given today’s 0.2% factory durable inventory decline. We assume a 1.7% June factory orders drop with a 0.5% factory shipments increase, given an assumed 0.6% price-led nondurable shipments and orders rise. The factory durable inventory-to-sales (I/S) ratio fell to 1.64 from 1.65 in April and May as we continue to unwind the December spike to 1.68, versus a 1.70 three-year high in February of 2015 and a 1.59 recovery-low in November of 2013.

Energy Action: WTI crude crashed to three-month lows of $42.11 from over $43.10 following the EIA inventory data which showed a 1.7 mln bbl rise in crude stocks. The street had been expecting a 2.0 mln bbl decrease. Meanwhile, gasoline supplies, seen flat actually rose 0.5 mln bbls, while distillate stocks were down 0.8 mln bbls, versus expectations for a 0.5 mln bbl increase. Refinery usage fell to 92.4% from 93.2%. The report is bearish on the crude and gasoline fronts, with inventories remaining above historical averages for this time of year. Overnight the contract has continued to weaken and traded as low as $41.66 before recovering to a little under $42.

Main Macro Events Today        

  • US Initial Jobs Claims U.S. initial claims data for the week of July 23 is out Thursday and should reveal a claims increase to a 262k (median 260k) headline following a 253k headline in the week of July 16 and 254k in the two weeks prior to that. July is typically a volatile month as we move through auto retooling season. We expect a stronger July average of 255k compared to 265k in June and 276k in May.
  • Japanese Data – A raft of Japanese data later (Thursday into Friday) including CPI, Unemployment rate Household Spending, Industrial Production and some Retail figures. Together with the BOJ Statement.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

 

Free Forex Trading Signals For 07.26.2016

Free Forex Trading Signals For 07.26.2016

Free Forex Signals#UDSX          97.70—-97.15         Buy at the Buttom,            Stop Loss 15 pips,     Target at the Top
EUR/USD     1.1025—-1.0960    Buy at the Buttom,            Stop Loss 30 pips,     Target at the Top
GBP/USD     1.3200—-1.3060    Sell at the Top,                  Stop Loss 30 pips,     Target at the Buttom
USD/CHF     0.9890—-0.9820    Sell at the Top,                  Stop Loss 30 pips,    Target at the Buttom
USD/JPY      106.45—-105.45     Buy at the Buttom,            Stop Loss 30 pips,     Target at the Top
AUD/USD     0.7510—-0.7440    Sell at the Top,                  Stop Loss 30 pips,    Target at the Buttom
USD/CAD     1.3300—-1.3150     Sell at the Top,                  Stop Loss 40 pips,    Target at the Buttom
GOLD            1324.00—1311.00    Sell at the Top,                  Stop Loss 6 $,            Target at the Buttom
Silver             19.75—19.30            Sell at the Top,                  Stop Loss 0.2 $,        Target at the Buttom
Oil                   43.95—42.55           Sell at the Top,                  Stop Loss 0.5 $,        Target at the Buttom

Keywords:Forex Trading Signals,Forex Trading Strategy,Forex Trading System,Free Forex Analysis,Forex Forecast

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

US Data – all relatively positive today

2016-07-26_17-20-09

EURUSD, H4            

Consumer Confidence, New Home Sales, Richmond Fed Manufacturing Index and Services PMI and relatively positive and better than expected.

U.S. consumer confidence dipped 0.1 point to 97.3 in July after jumping 5.0 points to 97.4 in June (revised from 98.0). The index was 91.0 last July. The present situations component climbed to 118.3 from 116.6 (revised down from 118.3). The expectations index fell to 83.3 from 84.6 (revised from 84.5). The labor market differential rose to 0.7 from -0.5 (revised from 0.1). The 12-month inflation index slowed to 4.7% from 4.8% (revised from 4.7%). The headline data are better than forecast.

 U.S. new home sales rose 3.5% to 0.592 mln in June, well above expectations (and is the best since February 2008), following an unchanged 0.572 mln print in May (revised up from 0.551 mln). April’s prior 12.3% surge to 0.586 mln was revised down to a 6.5% increase to 0.572 mln. Sales were mixed regionally with gains in the West and Midwest. The months’ supply of homes fell to 4.9 from 5.1 (revised from 5.3). The median sales price jumped 6.2% to $306,700 following a 9.8% drop to $288,800 (revised from $290,400). On an annual basis, prices are up 6.1% y/y following a 0.5% y/y pace.

U.S. Richmond Fed manufacturing index climbed 20 points to 10 in July after dropping 10 points to -10 in June (revised from -7). Most of the components improved, with upward revisions to several of the June readings. The employment index rallied to 6 from 1 (revised from -1). The workweek bounced to 1 from -7 (revised from -4). Wages dipped to 14 from 15 (revised from 14). New orders surged to 15 from -17 (revised from -14). Prices paid slowed to 0.64% from 1.14% (revised from 1.25%), with prices received at 0.48% from 0.79% (revised from 0.88%). The 6-month index improved to 19 from 11 (revised from 9), with employment at 7 from 2 (revised from -1).

U.S. Markit services PMI fell 0.5 points to 50.9 in the flash July reading, after inching up to 51.4 in June from 51.3 in May. It was at 55.7 a year ago. The numbers indicate the service sector remains in expansion for a 5th straight month, but only marginally, after slipping to 49.7 in February. The employment component rose to 52.6 from 52.4. The composite index edged up 0.3 points to 51.5 versus 51.2 in June and 50.9 in May.

EURUSD continues to meander lower, currently trading at 1.0990 having been as high as 1.1029, buyers appeared around 1.0980 earlier but 1.1000 could not be maintained.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Macro Events & News for 07.26.2016

2016-07-26_08-44-42

FOREX News Today

European Outlook: Asian shares were very mixed with the Japanese Nikkei 225 leading the way closing down -1.43% (237.25) at 16, 383 as the YEN strengthened; USDJPY to 104.41. Conversely the Hang Seng and mainland China posted robust gains. Oil also continued its weakness and added to losses, bottoming so far at $43.09, down 2.3%, or $1.10/bbl and below the 100 DMA. The EIA reported gasoline inventories well above average levels for this time of year, while overall U.S. crude stockpiles are near record highs as well. Baker-Hughes has reported an increase in functioning U.S. oil wells in seven of the past eight reporting weeks, weighing on crude prices, as U.S. production may again be in the process of ramping up production. Gold also weakened to the key 1320 level

Mixed messages from Japan: late yesterday there was expectation that the stimulus package expected on Friday was going to be significant; Japan stimulus package will double planned spending to JPY6 tln, according to sources citing the Nikkei News. The Nikkei website is also featuring a story that the Japanese government will make $1.88 bln in low-interest dollar funding available to domestic banks for overseas investment projects involving Japanese companies. Then later today Mr Aso the Finance Minister clearly stated that policy measures were the responsibility of the BOJ and that no decision had been taken on the size of the stimulus package. The USDJPY gyrated from over 105.90 to the current low of 104.40.

US Market Reports: U.S. Dallas Fed manufacturing index surged to -1.3 in July, much better than expected, after inching up to -18.3 in June from -20.8 in May. It’s the highest reading since December 2014. The index was as low as -34.6 in January, which was the worst since the -37.5 in April 2009 and compares to the record low of 59.5 in February 2009. The region has been hit hard by the oil sector recession, but this report and other measures suggest the stability in oil is helping the region recover, albeit slowly. Meanwhile, the components were mixed. The July employment index improved to -2.6 from June’s post-recession low of -11.5, but remains in negative (contractionary) territory, where it’s been all year. Wages faltered to 10.5 from 21.6. New orders rose to -8.0 from -14.2. Prices paid fell to 7.6 from 12.6, with prices received at -5.7 from -5.2. The 6-month outlook index climbed to 18.4 from 2.6, with employment at 18.8 from 12.2.

UK Business confidence falls steeply: A sharp dive in UK business confidence seen in the July UK CBI industrial trends survey, with the optimism component falling to a reading of -47 from -5 at the previous measure in April. This was the sharpest drop in business spirits since the dog days of 2009. The headline total orders figure fell to -4 from -1, while export orders dove to -22 from -14. The CBI said that there are signs of improving exports in light of the 10%-plus decline in the pound over the last month, but conceded that “it’s clear that a cloud of uncertainty is hovering over industry, post-Brexit. We see this in weak expectations for new orders, a sharp fall in optimism and a scaling back of investment plans.” Sterling took a knock on the report, though has so far remained well within the range seen on Friday in the cases against the G3 currencies.

Main Macro Events Today        

  • US Consumer Confidence – 98.0 last time expectations are for a fall to 95.7 today. The US consumer confidence key feel good factor for market sentiment and one factor little impacted by the Brexit effect.
  • US New Home Sales – Expectations are for a rise to 557,000 from 551,000 last time a rise of 1.1% from a fall of -6.0% last time. A steady rise and another key factor in the health of the US economy.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Trading Signals For 07.25.2016

Free Forex Trading Signals For 07.25.2016

Free Forex Signals#UDSX          97.70—-97.00         Sell at the Top,                  Stop Loss 30 pips,      Target at the Buttom
EUR/USD     1.1020—-1.0930     Buy at the Buttom,           Stop Loss 40 pips,      Target at the Top
GBP/USD     1.3200—-1.3050     Buy at the Buttom,           Stop Loss 40 pips,      Target at the Top
USD/CHF     0.9910—-0.9850     Sell at the Top,                  Stop Loss 30 pips,     Target at the Buttom
USD/JPY      106.50—-105.60     Sell at the Top,                  Stop Loss 40 pips,      Target at the Buttom
AUD/USD     0.7505—-0.7435    Buy at the Buttom,           Stop Loss 40 pips,      Target at the Top
USD/CAD     1.3200—-1.3070    Sell at the Top,                  Stop Loss 40 pips,      Target at the Buttom
GOLD           1331.00—1316.00    Buy at the Buttom,           Stop Loss 6 $,              Target at the Top
Silver             19.85—19.45           Buy at the Buttom,           Stop Loss 0.20 $,         Target at the Top
Oil                  44.85—43.65           Sell at the Top,                  Stop Loss 0.50 $,         Target at the Buttom

Keywords:Forex Trading Signals,Forex Trading Strategy,Forex Trading System,Free Forex Analysis,Forex Forecast

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

German Ifo better than expected, Outlook OK

2016-07-25_12-01-19

EURUSD, H4            

The German Ifo holds up better than feared, with the overall reading coming in a tad above our forecast, which was already more optimistic than consensus. The expectations index eased to 102.2 from while the current conditions indicator unexpectedly improved and rose to 114.7 from 114.6 in the previous month. This brought the overall index to 108.3, down from 108.7, but versus our median of 107.9 and much higher than Bloomberg consensus of 107.5. Confidence in the construction and retail sectors actually improved and like the PMIs the data confirms that the financial sector has been hit more by the Brexit vote than real sector confidence, at least so far. More than to back Draghi’s wait and see stance.

Yesterday (Sunday) meanwhile, the Bundesbank President Jens Weidmann told reporters after the G-20 finance chiefs’ meeting that German growth will accelerate again in the second half and that the G-20 agreed that the world economy will continue to recover, even if Brexit was singled out as a risk factor and it must not be used as an excuse for expansive fiscal policies.  A “straight bat” as ever from the combative Weidmann.

EURUSD continues to meander lower, currently trading at 1.0980 having been as low as 1.0951, buyers appeared around 1.0960.  Our Daily trade is still open with target 1.0930.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

The Economic Week Ahead for 07.25.2016

The EWA Banner

Main Macro Events This Week

United States: The economic calendar starts off gradually with the release of the Dallas Fed index (Monday), seen rising to -10.0 in July from -18.3. S&P/Case-Shiller home prices are set to rise to 1.5% to 189.5 in May (Tuesday), followed by Market services flash PMI and consumer confidence, expected to dip to 96.0 in July vs 98.0 in June. Also on tap are new home sales forecast to sink 0.7% to 547k in June from 551k. The MBA mortgage market index is on deck (Wednesday) along with durable goods orders, which are forecast to drop 0.5% in June vs -2.3% in May. NAR pending home sales are seen flat in June, while the EIA oil inventory report could swing oil prices. The trade deficit may sport a -$60.5 gap in June (Thursday), little different from May; initial jobless claims may rebound 9k to 262k for the week ending July 23. Advance Q2 GDP is the main headliner (Friday), forecast to rise 2.7% and the Survey Median shows a 2.6% growth rate, more than double the 1.1% pace of Q1. Q2 ECI may tick up 0.4% vs 0.6% in Q1, or 2.2% on a y/y basis, while Chicago PMI is set to drop to 53.0 in July vs 56.8 and Michigan sentiment steadies at 89.5 in July.

FOMC preview: Expected to maintain a steady policy stance at its 2-day meeting. The tone of the statement released Wednesday will be scrutinized for insights on the policy path over the rest of the year. The outlook should be biased to optimistic side give the improved data, which support forecasts for Q2 GDP of about 2.7%, and as the markets have recovered from the initial Brexit gyrations. But it’s not clear whether those factors will change policymaker outlooks, or merely conform to their views. Yellen and others, including the more hawkish members, have shown a strong preference toward caution and that’s not likely to change for now. Yet risk is for a more hawkish statement than expected as the outlook on the labor market is likely to be upgraded versus June’s, which noted some slowing in the improvement. The Fed may start to nuance its verbiage toward more confidence in rising inflation pressures, but that may not be seen yet. We also don’t expect any specific mention of Brexit, though its potential bearish effects could be couched in terms of general “global economic and financial developments,” which the Fed will continue to monitor.

Canada: A thin calendar ends with a flourish this week, as the definitive May GDP report (Friday) will detail the impact of the Fort McMurray wildfire on the national economy. We expect GDP to plunge 0.4% m/m in May after the 0.1% gain in April. The industrial product price index (IPPI), also due Friday, is expected to rise 0.5% (m/m, nsa) in June after the 1.1% surge in May. Average weekly earnings (Thursday) are projected to gain 0.1% m/m in May after the 0.3% drop in April. The CFIB’s Business Barometer for July (Thursday) it improved to 60.0 in June after falling to 58.2 in May from 59.2 in April.

Europe: The data packed week will be somewhat anti-climactic after Draghi confirmed the central bank’s wait and see stance. German Ifo Business Climate index (Today), where we are looking for a dip in the overall reading to 108.2 from 108.7. The European Commission’s ESI Economic Confidence indicator is seen falling back to 104.0 from 104.4. Preliminary Q1 GDP numbers from France,

Spain and for the Eurozone as a whole are expected to show growth of just 0.1% q/q in France, 0.4% q/q in Spain and a slowdown to 0.3% for overall Eurozone GDP as a whole. Overall Eurozone unemployment is seen steady to 10.1% in June, while the more timely German jobless number for July is expected to leave the jobless rate unchanged at a very low 6.1%. Inflation is rising lowly we are looking for a slight rise in German prel HICP inflation to 0.3% y/y in July from 0.2% y/y and a rise to 0.4% y/y from 0.3% y/y in France, which together with an equally slight uptick in the Spanish headline rate should bring the overall Eurozone HICP (Friday) to 0.2% y/y from 0.1% y/y.

UK: The July editions of the CBI industrial trends and distributive sales (a measure of retail and wholesale activity) surveys, along with the July Gfk consumer confidence, will provide the post-Brexit snapshots this week. The Industrial trends survey (Today) is likely to ebb to -6 reading from +2. Distributive sales (Wednesday) is seen falling to +1 in the headline realized sales figure, from +4. The July Gfk consumer confidence (Friday) has us expecting a dive to -6 from -1 in June. The first estimate of Q2 GDP (Wednesday), which we expect at +0.5% q/q and +2.1% y/y. The report will be too Brexit to be of much interest. June BBA mortgage approvals (Tuesday) are seen ebbing to 39.5k from May’s 42.2k, which would continue the unwind seen since April, when a tax hike on investment property transactions was imposed. Monthly BoE lending data for June are also up (Friday).

China:  June leading indicators are due Thursday.

Japan: June services PPI (Tuesday) are seen at up 0.1% y/y from the 0.2% prior increase. The balance of the busy schedule comes on Friday, beginning with CPI data, where national June headline prices are seen falling to -0.5% y/y from -0.4%, and core prices expected down 0.5% from -0.4% in May. Tokyo July CPI is expected unchanged at -0.5% for both overall and core readings. June unemployment is forecast unchanged at 3.2%, while the job offer/seeker ratio is penciled in at 1.37 from 1.36. June personal income is on tap, along with June PCE, which is expected down 0.5% y/y from May’s -1.1% outcome. June industrial production likely rose 0.2% y/y versus the sharp -2.6% reading in May. June retail sales are forecast at -1.7% y/y for large retailers from May’s -2.1%, and -1.5% y/y overall, as compared to the previous -1.9% outcome. June housing starts are seen falling 5.0% y/y from the 9.8% increase in May. June construction orders are also due.

The BoJ announces its policy decision on Friday following its 2-day meeting. We expect a mix of easing measures from both the monetary and fiscal sides of the ledger, which may include infrastructure spending, and expansion of asset purchases, including corporate bonds and ETFs.

Australia: CPI (Wednesday) is expected to rise 0.3% q/q in Q2 after the 0.2% drop in Q1 that triggered the May rate cut to 1.75% from 2.00%. But the annual growth rate should slow to 1.0% in Q2 from 1.3% in Q1, which in our view would strongly suggest another rate cut from the RBA in August. Other inflation data is out this week. Trade prices for Q2 (Thursday) are projected to show a 3.5% gain in import prices (q/q, sa) and a 0.5% dip in export prices. The PPI (Friday) is expected to rise 0.2% (q/q, sa) in Q2 after the 0.2% drop in Q1.

Janne Muta

Chief Market Analyst

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About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


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Free Forex Trading Signals For 07.22.2016

Free Forex Trading Signals For 07.22.2016

Free Forex Signals#UDSX          97.25—-96.55        Sell at the Top,                  Stop Loss 30 pips,    Target at the Buttom
EUR/USD     1.1090—-1.0980     Buy at the Buttom,           Stop Loss 40 pips,     Target at the Top
GBP/USD     1.3330—-1.3150     Buy at the Buttom,           Stop Loss 40 pips,     Target at the Top
USD/CHF     0.9900—-0.9810     Sell at the Top,                  Stop Loss 40 pips,    Target at the Buttom
USD/JPY      106.70—-105.00     Sell at the Top,                  Stop Loss 40 pips,    Target at the Buttom
AUD/USD     0.7545—-0.7455    Buy at the Buttom,           Stop Loss 40 pips,     Target at the Top
USD/CAD     1.3120—-1.3010    Sell at the Top,                  Stop Loss 40 pips,    Target at the Buttom
GOLD           1334.00—1325.00   Sell at the Top,                  Stop Loss 5 $,             Target at the Buttom
Silver             20.30—19.60          Buy at the Buttom,           Stop Loss 0.20 $,            Target at the Top
Oil                  45.60—44.10            Sell at the Top,                  Stop Loss 0.50 $,             Target at the Buttom

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