empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

06.11.201809:19 Forex Analysis & Reviews: Trading plan for 06/11/2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Changes in the currency market are small with a slight advantage of risky currencies over USD and JPY. EUR / USD is a little over 1.14, and GBP / USD managed to get over 1.3050. USD / JPY set 4-week high at 113.42.

Moods in the Asian stock market are mixed, as China's slumps obscure gains in other regions, benefiting from a positive shutdown on Wall Street on Monday. Chinese Shanghai Composite loses 0.3%, but the Japanese Nikkei225 grows by 1.1%.

Crude oil WTI extinguished Monday's increases and WTI returned under 63 USD / b. Bret is 0.5 percent lower. at 72.8 USD / b.

On Tuesday, the 6th of November, the event calendar is light in important data releases, but the global investors should keep an eye on the bunch of PMI Services and PMI Composite data releases from across the EU. During the night, New Zealand will post Unemployment Rate and Employment Change data, together with Participation Rate and Price Wages.

Nat Gas analysis for 06/11/2018:

The commodity that attracts the most attention of investors at the beginning of the week is natural gas. The quotes due to the lowest inventories of raw material and forecasts assuming the extreme wave of cold in the United States have gone up by more than 6 percent. The rate violated the $ 3.50 barrier at night and stays close to the ceiling.

Let's now take a look at the Natural Gas technical picture at the H4 time frame. The next target for bulls is the swing high from 29/01/2018 at the level of $3.659. If the price will hit this level, the Nat Gas will be the most expensive since January this year. The nearest technical support is seen at the level of $3.364. Positive and strong momentum supports the bullish outlook.

Exchange Rates 06.11.2018 analysis

Sebastian Seliga
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off