Direct openen van een account
Site map
Български Čeština English Français Deutsch Italiano Polski Português Română Русский Slovenský Español Nederlands

InstaForex-clientgebied

  • Persoonlijke instellingen
  • Toegang tot alle InstaForex-services
  • Gedetailleerde statistieken en rapporten over transacties
  • Volledig scala aan financiële transacties
  • Systeem voor het beheren van verschillende accounts
  • Maximale gegevensbescherming

InstaForex Partner Area

  • Volledige informatie over klanten en commissies
  • Grafische statistieken over accounts en klikken
  • Webmasterinstrumenten
  • Kant-en-klare weboplossingen en een breed scala aan banners
  • Hoog gegevensbeschermingsniveau
  • Bedrijfsnieuws, RSS-feeds en forex informanten
Account Registreren
cabinet icon

InstaForex - altijd op de voorgrond!Open een handelsaccount en wordt een onderdeel van het InstaForex Loprais-team!

De succesgeschiedenis van het team onder leiding van Ales Loprais kan uw succesgeschiedenis worden! Handel met vertrouwen en ga richting leiderschap zoals vaste deelnemer van Dakar Rally en winnaar van Silk Way Rally InstaForex Loprais Team het doet!

Doe mee en win met InstaForex!

Direct openen van een account

Registratie is niet beschikbaar voor niet-EU-ingezetenen. Ga alstublieft naar de website van het andere lid van de InstaForex-groep.
toolbar icon

Trading Platform

Voor mobiele apparaten

Voor handel via browser

Company does not offer investment advice and the analysis performed does not guarantee results

JPY gained impulsive momentum recently against GBP. So, the pair is going to trade with a bearish bias in the coming days.

The UK posted a downbeat CPI report. On the other hand, Average Earning remains steady. Besides, retail sales also surged last month that is a promising sign for the domestic economy. The UK is in the grips of political gridlock without prospects of easing. Theresa May's government failed to agree on the Brexit option. The EU leaders granted the UK a 6-month extension until October 31.

Recently UK Average Earning Index was published unchanged as expected at 3.5%, Unemployment Rate remained flat at 3.9%, and Claimant Count Change showed a negative outcome of an increase to 28.3k from the previous figure of 26.7k which was expected to decrease to 17.3k. Moreover, UK Retail Sales expanded sharply to 1.1% from the previous value of -0.6%, much better than the forecast for a modest gain to 0.2%.

On the JPY side, today National Core CPI report was published with an increase to 0.8% which was expected to be unchanged at 0.7% while BOJ is predicting inflation to fall. The Bank of Japan is due to post an inflation outlook next week, so the regulator is assumed to predict that inflation will remain below the 2% target. The central bank is likely to downgrade its growth and price forecast for the fiscal year due to headwinds from a slowdown in the global economci growth. Moreover, Japan's government is considering a sales tax hike in October. This measures could impact the consumer spending and money flow in the economy. A tax hike is sure to influence JPY in the medium term. Next week, the Bank of Japan is holding a policy meeting and a press conference to follow. Besides, traders are anticipating an economic outlook report and a monetary policy statement. Thus, JPY is responsible for higher volatility in the pair next week.

To sum it up, JPY has been propped up by the latest economic reports. GBP has been hurt by a raft of mixed economic data that is bearish for the British currency. Nevertheless, the pressure is expected to be short-lived as GBP has a higher chance to regain momentum as things are unfolding positively for the UK in the coming days.

Now let us look at the technical view. The price managed to sustain the bearish momentum which is expected to push the price lower towards 144.00 support area in the coming days. The price recently managed to dip below the dynamic level of 20 EMA with a daily close which indicates further bearish pressure. As the price remains below 147.00 area with a daily close, the pair will sustain the bearish pressure in the coming days. A break below 144.00 with a daily close is expected to extend the bearish momentum with a target towards 141.00 area.

Exchange Rates 19.04.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Rocky Yaman,
Analytical expert
InstaForex Companies Group © 2007-2019
Top up 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