Analysis Forex market on 5.12.2019

Hello. Below are a few recommendations for trading in the Forex market on 5.12.2019


EURUSD reaffirm a stop at the resistance level of 1.1080 and formed a pattern Pin-bar. In General, nothing has changed. Probably not strong enough to pass the level, and resume the continuing fall sideways. I think that’s a sales with a small stop.


Gold stopped at the level 1475,20 and formed a pattern Pin-bar. Will probably continue to fall further with the trend down. Consider there sales.

Fundamental news


  • KOSPI — 0,73%
  • S&P/ASX 200 — 1,58%
  • Nikkei — 1,05%
  • Hang Seng 1.25 Percent, The Shenzhen Composite + 0,31%, Shanghai Composite — A 0.23%,

Trading session of environment in the Asian markets was similar to Tuesday. Stock exchanges in the region have played previous the fall of American indices, under the influence of news indicating new difficulties in the signing of the Treaty between the United States and China this year.

The reason for this can be the bill, already passed by the House of Representatives, about the rights of Uighurs – Chinese Turkmens, indefinitely sent to the centers for naturalization, the authorities of the PRC.

This morning released statistics:

  • Retail sales and trade balance Australia
  • The speech of the head of the Central Bank of New Zealand


  • NASDAQ + 0.54% of
  • Dow Jones + 0.53 Percent
  • S&P 500 + 0,63%

Press conference of the President of the United States at the NATO summit in the UK

During a press conference at the London NATO summit, US President, Donald trump has hinted at a possible adoption of the proposal by China, to mutually cancel a number of trade duties. This information was enough for market optimism – trading environment indexes finished in positive territory.

In the second half of the day will be released:

  • 16-30 – the Volume of export/import and trade balance USA
  • 16-30 – Weekly unemployment benefits USA
  • 16-30 – trade balance Canada
  • 18-00 – net prosecuto USA
  • 18-00 – PMI Canada

The Eurozone

  • DAX + 1.16% of
  • FTSE + 0,42 %
  • CAC40 + 1,27%

The index of business activity in the service sector of the largest economies in Europe brought the final PMI reading above analysts ‘ expectations. Indicator confident behind the recession 50, returning investors buy the stock.

In the first half of the day will be statistics:

  • 10-00 – net prosecuto Germany
  • 13-00 – GDP and retail sales EU
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