Hello. Below are a few recommendations for trading in the Forex market on 28.08.2018
On the pair EURAUD formed a pattern inside bar after breakout of the level of 1,5855. The power indicator shows the currency pairs that pairs with EUR are aimed up. It was probably a small correction and continue growth. Consider here the purchase order and above 1,6150.
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In the first session of the week, the indexes of Chinese stock exchanges significantly increased:
- Shanghai Composite + 1.89 Percent, The Shenzhen Composite + Of 2.49%, Hang Seng Index + 2,17%
In the absence of news, investors preferred to play the magnificent financial statements of enterprises, in particular giant Sinopec, operating in the chemical and energy industries. The company has shown a 150% increase in net income for the first half of 2018.
Also on the Asia-Pacific markets was affected by Friday’s positive close of the us exchanges on the news from Jackson Hole.
- KOSPI +0,27%,
- Nikkei 225 +0,88%
- S&P/ASX 200 + 0,35%
The new trade agreement with Mexico was the occasion to update historic highs, the us stock markets.
The rise in the beginning of the session took place at the insider media, but later the US President personally confirmed the agreement. This double sided Union prisoner “behind” Canada in fact denounce NAFTA as promised, Donald trump in the election program.
- NASDAQ + 0,91%
- Dow Jones + 1.01 Percent
- S&P 500 +0.77% OR
On the Forex market, traders continued to sell USD against major currencies, continuing to win back the news of the end of the week. Recall that the problems of the real estate sector, the United States has increased the data “worse than expected” consumer expectations and business optimism.
The European session began on optimism “Asians”, in the course of trading, it was supplemented by positive insider information on the trilateral meeting of the state financiers of France, Germany and the UK. Officials develop a joint plan of bypassing US sanctions to protect business in the European Union. To maintain growth and to close a significant plus in European markets helped the “course records” overseas indexes.
- CAC 40 + 0.86% of
- DAX + 1.16% of
British exchange on Monday were closed in connection with the annual carnival in Notting hill.
Currency traders continued the trend for a stronger Euro after Friday’s significant growth, reacting to Friday’s negative U.S. economic indicators in the absence of news.