Market Research

Forex analysis — the latest reviews of market instruments and news. All reviews are provided by analysts and shall not be considered as investment advice.

Tankan Large Non-Manufacturers Index. Japan, 01:50 (GMT+2)

14.12.2018

Tankan Large Non-Manufacturing Index is due at 01:50 (GMT+2). The indicator is expected to decline to 21 points in Q4 2018 from 22 points in the previous quarter. The data is compiled from survey responses from approximately 8,000 large Japanese service sector companies. It reflects general conditions in the service sector. Values over 0 are considered positive and support the strengthening of JPY. Values below 0 are viewed as a negative factor and lead to the reduction of JPY rate.

GBP/NZD: Ichimoku clouds

13.12.2018

Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from below, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is the upper border of the cloud (1.8383). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.8512).

EUR/GBP: Ichimoku clouds

13.12.2018

Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from above, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. Borders of the cloud serve as the closest support (0.8974) and resistance (0.9000) levels

Key releases

13.12.2018

The US currency is weakening today against the euro and the pound, but is strengthening against the Japanese yen.

Initial Jobless Claims. United States, 15:30 (GMT+2)

13.12.2018

At 15:30 (GMT+2), data on the number of initial claims for unemployment benefits will be released. It is predicted that the value of the index will drop to 225K from 231 thousand a week earlier. The indicator reflects the number of new applications for unemployment benefits. The decrease in the number of applications is a positive factor for the US dollar. The growth of the rate, by contrast, is perceived as a negative factor.

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