raniya
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EUR/USD Producer Price Index. Germany, 09:00 (GMT+2) German Producer Price Index is due at 09:00 (GMT+2). The indicator is expected to grow to 0.2% on a monthly basis in December from 0.1% a month earlier. On the year-on-year basis, the indicator is expected to drop to 2.3% in December from 2.5% a month earlier. The index shows the dynamics of prices on the markets of raw materials on the wholesale scale. The growth of the indicator leads to the strengthening of EUR, and fall weakens it.
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AUD/USD Employment Change s.a. Australia, 02:30 (GMT+2) The Employment Change s.a. release is due at 02:30 (GMT+2) in Australia. The index is expected to fall to 9K in December from 61.6K in the previous month. It is a measure of the change in the number of employed people in Australia. A high reading is seen as positive for the AUD, while a low reading is seen as negative. Â
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EUR/USD Industrial Production. Eurozone, 12:00 (GMT+2) The Industrial Production publication is due at 12:00 (GMT+2) in EU. The YoY index is expected to fall to 3.2% in November from 3.7% in the previous month. The YoY index is expected to grow to 0.8% in November from 0.2% in the previous month. Data on industrial production represents changes in industrial output and are considered as one of the major indicators of the state of the economy. A high reading strengthens the EUR. A low reading weakens the EUR.
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The historical importance of January in the financial markets On Jan 7 1901, New York Stock Exchange (NYSE) reported that trading had exceeded 2 million shares for the first time in history. The first week of 2018 has seen a continuation of last year's bull run with the Dow Jones index breaking 25,000 for the first time ever, which follows MSCI's world index and London's FTSE both set records in Europe. Tokyo's Nikkei – Asia's biggest market – had earlier shot to its highest since 1991. January 10, 2000 marked what is considered the peak of the dot-com boom when America Online (pioneer of dial-up Internet access and an investors favourite) announced plans to merge with Time Warner, the world's largest media company and the largest merger in history at that time. Within two years it was described as the worst deal in history which ended up driving out both CEOs who made the deal and resulted in AOL being dropped from the AOL Time Warner name. Within 32 months the NASDAQ Composite fell 78% from its peak of 5132.52. Investment in cryptocurrencies has been compared to the dot-com boom because of the rapid acceleration of their prices. Since January 2017 Bitcoin has soared from just under $1000 to $20,000 and is currently around the $15,000 mark. But while Bitcoin's drop in performance has dropped of late this hasn't affected the overall market capitalization for cryptocurrencies which just passed $700 billion. Â
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EUR/USD: wave analysis The trend is upward. On the 4-hour chart the fifth wave 5 is forming as a diagonal triangle within the first wave 1 of the higher level. At the moment the third wave iii of 5, within which the wave (c) of iii is forming, is developing. If the assumption is correct, the pair will grow to the level of 1.2110. The level of 1.2000 is critical for this scenario.
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USD/JPY Retail Sales. Japan Japanese retail sales data will be published at 01:50 (GMT+2). The indicator is expected to grow to 1.2% in November from -0.2% a month earlier. On monthly basis the indicator will remain unchanged at the level of 0.0%. It reflects changes in the volumes of sales in major retail stores. The growth of the indicator shows an uptake of consumption and has a positive impact on the economy. The decrease of it shows an economic fall and is a negative factor. A high value of the indicator strengthens JPY, and a low one weakens it.
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XAG/USD: silver is trading in positive territorySilver prices showed moderate growth in trading on Tuesday, December 26, and during the morning session on December 27 managed to update the local maximum since the end of November.
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USD/CAD: the pair is developing upward dynamics US dollar dropped considerably against Canadian currency, marking a new local minimum since December 6. The reason for the development of “bearish†tendencies was general weakening of the US currency in view of resumed reduction of returns on US bonds as well as the release of uncertain macroeconomic statistics from the USA. In turn, Canadian Thursday statistics was above expectations which caused the increase of demand for CAD.  Â
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AUD/USD: the pair is trading in the flatAustralian dollar showed moderate growth against US dollar during yesterday’s trading but then moved back to the opening level in view of the release of optimistic macroeconomic data from the USA. Â
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GoldXAU/USD: technical analysisOn the daily chart, the instrument is correcting up towards the middle MA of the Bollinger Bands. The price remains just below its moving averages that are horizontal. The RSI is testing from below its longer MA, having bounced off the border of the oversold zone. The Composite is growing. Â
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EUR/USD Consumer price index. Eurozone At 12:00 (GMT+2), the consumer price index will be published in the Eurozone. The index is the key indicator of inflation in the Eurozone and reflects the change in the value of the "basket" of goods and services over the period. The growth of the indicator leads to an increase in the EUR exchange rate. Decrease in the indicator leads to the depreciation of the EUR.
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AUD/CAD: Ichimoku cloudsLet's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is the upper border of the cloud (0.9777). The closest resistance level is Tenkan-sen line (0.9808). Â
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SCrude  WTI Crude Oil: general analysisWTI prices went down by 1.25% to the area of the level of 56.70 after EIA Crude Oil Stocks change publication, which showed the decrease of resources by 7.382 million barrel in a week, but the production level increased by 73K barrel to the record level of 9.78 million barrel per day.
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USD/CHF: general analysis On Thursday, USD grew against Swiss franc due to the waiting of the Fed’s interest rate decision. Fed is expected to increase the rate by 0.25%, which will reflect the “hawkish†mood of the regulator upon the inflation and strengthen the dollar.
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EUR/USD : ZEW Survey. Germany At 12:00 (GMT+2), the index of sentiment in the business environment of the ZEW Institute will be published. It is forecasted that the figure will decrease to 17.4 points in December from 18.7 points a month earlier. The indicator is calculated by the Center for Economic Research (ZEW) based on a survey of leading financial experts in Europe. Experts give their assessment of the current economic situation in Germany. A positive result signals a positive view of experts on the economy and strengthens the EUR. Values below expectations are indicative of pessimistic estimates of the economy and weaken the EUR. Register and get the in-depth insight into the latest news in market and investment trends. Daily News, Economic Calendar, Technical Analysis, Fundamental Analysis, Forex Market review all offered FREE.
