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ANALYSIS OF INTEL 9.09.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 51.20
• Take Profit Level: 53.00 (180 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 50.00
• Take Profit Level: 49.50 (50 pips)



USDJPY
A possible long position at the breakout of the level 107.20

GOLD
A possible short position in the breakdown of the level 1502.00

USDCHF
A possible long position at the breakout of the level 0.9920

GBPUSD
A possible long position at the breakout of the level 1.2255

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UK Election Looms Amid Brexit Fight


Prime Minister Boris Johnson is facing a key vote this evening in Parliament as rebels from within his own party are expected to join ranks with the opposition in order to thwart a no deal Brexit. The UK is now scheduled to leave on October 31st 2019 and PM Johnson stated that he will not ask for an extension. He vowed to deliver Brexit to the people and honor the results of the 2016 referendum where 52% voted to leave the EU. Most recent polls suggest that the number rose to 56% after Johnson took over as prime minister only a few weeks ago. The EU has so far refused to renegotiate as it awaits how much support the opposition can muster to at least rule out a no deal Brexit.

Johnson has pointed out that the ability to walk away and execute a no deal Brexit gives the UK leverage in negotiations in order to seek changes to the deal which his predecessor Theresa May brought back from Brussels and which was rejected by Parliament three times. In case this evening will see Parliament pass legislation to stop a no deal Brexit and ultimately ask for another delay, Johnson plans to call for snap election on October 14th 2019. He stated “I want everybody to know there are no circumstances in which I will ask Brussels to delay. Let’s let our negotiators get on with their work.” The British Pound came under pressure yesterday, but support levels remain intact as forex traders await the result of this evening’s motion to stop a no deal Brexit.

Read more...https://paxforex.com/forex-blog/uk-election-looms-amid-brexit-fight

Analysis on MCDONALDS 30.08.2019



The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 222.00
• Take Profit Level: 225.00 (300 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 219.00
• Take Profit Level: 218.00 (100 pips)



USDJPY
A possible long position at the breakout of the level 116.70

EURUSD
A possible short position in the breakdown of the level 1.1030

USDCHF
A possible long position at the breakout of the level 0.9900

GBPUSD
A possible short position in the breakdown of the level 1.2150

__

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Analysis of HOME DEPOT 29.08.2019



https://paxforex.com/forex-analysis/HOME%20DEPOT-29-08-2019


#forex #forextrader #forexsignals #forexsignal #forextrading #forexlifestyle

AUDJPY Fundamental Analysis – August 22nd 2019

The Australian Dollar hovered near support levels despite a surprise drop in the CBA Services as well as Composite PMI’s for August. This morning’s data was the latest sign that the global economy extends it slowdown which has increased hopes for more stimulus around the world. The AUDJPY pushed above its horizontal support area as bullish momentum rose. Can this breakout lead to more upside potential in this currency pair. Subscribe to the PaxForex Daily Fundamental Analysis and join one of the fastest growing trading communities in the forex market.

Further erasing bullish momentum during the Asian trading session were two economic reports out of Japan which indicated the economy is slowing. The Nikkei Manufacturing PMI clocked in below 50, indicating an extension of the contraction while the All Industry Activity Index plunged by 0.8%. The Bank of Japan has hinted that it will not tolerate a strong Japanese Yen as it hurts its export focused economy. Will forex traders rotate out of long Japanese Yen trades and how will this impact price action in the AUDJPY? This morning’s fundamental analysis will take a look in both directions.

learn more  https://paxforex.com/forex-fundamental-analysis/audjpy-august-22nd-2019

Bitcoin - Forex Combo Strategy: The Lightning Network
https://paxforex.com/forex-blog/bitcoin-forex-combo-strategy-the-lightning-network



Welcome back traders to this week’s exciting edition of the Bitcoin - Forex Combo Strategy. Bitcoin has struggled to extend its bounce off of support and traders as well as hodlers should prepare for the potential of more downside. The three lower highs offered a strong bearish signal and the $8,870 - $9,927 support area will be key to watch. A breakout below this could lead to a faster descend to $6,550 as I have mentioned during last week’s edition “Bitcoin - Forex Combo Strategy: Regulated Ripple”. Overall I remain bullish on Bitcoin, but a bit of caution is warranted. So far support levels have held and remain well bid.

As geopolitical tension rise and the global economy slows, traders and investors seek safe havens and Bitcoin is carving out its very own sport amongst this asset class. It joins gold and silver from the commodity sector and the Japanese Yen as well as Swiss Franc from the forex market. I have mentioned on numerous occasions that Bitcoin should be compared to gold and some started to refer to it as “Digital Gold”. While Bitcoin was initially created to compete as a remittance tool, it has since proven better as a store of value. Look at it this way: It’s great to have gold, but you wouldn’t use it to pay for groceries or to pay bills. The same is true for Bitcoin.

Before diving in today’s topic of the Lighting Network, Bitcoin’s attempt to be less like gold and more like a currency, let’s take a quick look at my cryptocurrency portfolio. I hodl 500 Bitcoin at an average entry price of $8,500, 40,000,000 Ripple at an average entry price of $0.3388 and 20,000 Litecoin which I bought at $77.00. Bitcoin has struggled, but Ripple is under intense selling pressure after descending below its ascending triangle formation. Litecoin has joined the major coins to the downside, but overall I believe that we will see a move higher after touching major support levels. The three charts below show my Bitcoin, Ripple and Litecoin holdings.







LIGHTNING NETWORK EXPLAINED
One reason why Bitcoin is not great for transactions is because it takes too long and is too expensive. This was one of the primary reasons for the hard fork which created Bitcoin Cash. On average, Bitcoin can process 7 transactions per second. You can compare this to Visa which can process 65,000 transactions per second. There is a big scalability issue with Bitcoin which resulted in the launch of the Lightning Network. In theory, it was supposed to address the time and costs of sending Bitcoin from wallet to wallet. With the rise in popularity of micro-payments, Bitcoin decided to act.

The Lightning Network is basically a set of rules on top of the Bitcoin blockchain in order to facilitate micro-payments. The idea was first introduced in 2015 and development has started the same year. The idea was that small transactions such as micro-payments don’t need to be recorded on the main blockchain. These off-chain transactions are enabled through payment channels which are created between two wallets and the funds are transferred instantly and without fees. Once all the micro-payments are concluded, one final on-chain transaction is executed and all previous transactions are settled.


The Lightning Network Explained (Litecoin/Bitcoin)
8:14
The Lightning Network requires both parties to deposit a security deposit before using the payment channel. The deposit needs to be equal to or larger than the total amount which intends to be transacted. For example, if the total amount of micro-transactions will total 1 Bitcoin, both partied will make a security deposit of 0.5 Bitcoin each. This is the only transaction which will be recorded on the Bitcoin blockchain. All micro-payments can now flow in the payment channel without fees and are settled instantly. In order to discourage fraud, there is a harsh anti-fraud mechanism in place which sends the deposit from the fraudulent party to the counter-party.

THE LIGHTNING NETWORK DOES NOT SCALE
While the Lightning Network was deployed as a second layer on top of the regular Bitcoin blockchain in order to address scalability issues, opponents of it claim that it doesn’t scale and is very limited. Those limitations are set to increase as the network grows and one of the biggest issues remains routing of transactions. Even Lightning Network’s own 57 page White Paper mentioned routing in one paragraph without outlining how it will address this issue. A separate report by research company Bitfury on the topic of routing consisted of 38 pages. Either way, the total amount of users appears to be limited to just 100,000. So if the Lightning Network doesn’t scale, what does it do and is it even necessary to have?


Make sure to subscribe to the Bitcoin - Forex Combo Strategy and grow your assets with me right here at PaxForex!

LIGHTNING FAILS TO STRIKE
The Lightning Network is still relatively small with $8 million worth of Bitcoin capacity and is currently home to about 830 Bitcoin. User “LNBIG” accounts for 40% of all capacity, but claims he only earns about $20 per month for locking over 336 Bitcoin away in the network. This raises centralization issues with the network and therefore once again with Bitcoin. “LNBIG” operates roughly 1,800 payment channels, but started to close inactive channels. He noted that “When you open a lot of channels, everyone scolds you that you are capturing the network. When you close, there are also concerns.”

Bitcoin - Forex Combo Strategy: The Lightning Network
Costs remain an issue as well. According to “LNBIG’ the costs of operating and maintaining the payment channels result in monthly fess of roughly $1,000. He states that he earns between 5,000 - 10,000 Satoshis per day. Some argue that in order for the Lightning Network to work, off-chain fees need to be as high as on-chain fees. Currently is appears that off-chain fees do not cover on-chain fees. In this case, the cost problem remains the same as with on-chain Bitcoin transactions. The only benefit from the Lightning Network would then be speed.


Lightning Fails to Strike (Again)
27:39
Since collateral is required to be locked into the Lightning Network to function, some has labeled it as 100% reserve banking. According to Cornell’s Sirer, the required collateral has rendered the Lightning Network economically broken. He stated that “The first and biggest problem is that it has limited capacity. The capacity of that network is unknown, despite so many years of noise around it, nobody has actually gone and done a scientific study. That emergent capacity is going to depend on the credit relationship between people and we don’t know what that’s going to be like. In that future world where they wanna do that, LN really takes off, a lot of coins are going to be tied into these payment channels.”

FOREX PORTFOLIO UPDATES
It’s time to take a look at my dynamic forex portfolio which as you all know by now provides the funds for my cryptocurrency trades. On August 16th 2019 I closed my 200 lots EURGBP short position at 0.9100 for a profit of 100 pips or $249,900. On August 19th 2019 I closed my 200 lots long position in the GBPUSD at 1.2145 for a profit of 100 pips or $200,000. My 100 lots long position in Silver which I took on July 26th 2019 at 16.400 for a margin requirement of $82,240 with a pip value of $5,000 remains open and unchanged. I added to my 200 lots long position in the EURUSD which I entered in August 14th 2019 at 1.1170 for margin requirement of $44,721 with a pip value of $2,000 by buying 400 lots at 1.1070 on August 16th 2019 for a margin requirement of $88,778 with a pip value of $4,000. The four charts below show updates to my trades I discussed during last week’s update.









On August 15th 2019 I bought 200 lots in the GBPCHF at 1.1740 for a margin requirement of $48,535 with a pip vale of $2,040.19. I acted on this trading recommendation “GBPCHF Fundamental Analysis – August 15th 2019”. Yesterday on August 20th 2019 I closed this trade at 1.1915 for a profit of $357,033. The chart below shows my complete trade.



Here is the summary of my Bitcoin - Forex Combo portfolio: I hodl 500 Bitcoins worth $5,070,150, 40,000,000 Ripple worth $10,236,000 and 20,000 Litecoin worth $1,436,800 plus a total cash portfolio worth $5,120,402. In addition I have the following forex positions in my portfolio: a 100 lots Silver long position worth $420,240 and a 600 lots EURUSD long position worth $95,499. My total Bitcoin - Forex Combo portfolio is worth $22,379,091, down $692,873 from last week’s balance of $23,071,964 and off of my all time record high of $24,651,811. The correction in Bitcoin and slump in Ripple as well as Litecoin have caused my overall portfolio to shrink, but with a healthy cash balance I plan to take advantage of any further weakness. Remember not to panic and that patience is key. Grow your balance with me at PaxForex and open your own PaxForex Trading Account today. Follow my Bitcoin - Forex Combo Strategy and comment below with any questions you may have. I will be happy to help you get started!

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USDCAD Fundamental Analysis – August 21st 2019



A relatively quiet trading day as far as fundamental data is concerned, forex traders will eagerly await minutes from the last FOMC meeting where the US central bank cut interest rates by 25 basis points. The US Dollar remained at elevated levels and with markets pricing in more interest rate cut, can the current strength continue or should forex traders prepare for a sell-off? Existing home sales out of the US could also move price action as the housing market, a prime source for the consumer wealth effect which drives spending, has been overall weak. What does this mean for the USDCAD? Today’s fundamental analysis will cover the upside potential as well as downside risk of this currency pair.

Will the Bank of Canada join the chorus of central banks which cut interest rates? Canada’s economy is heavily dependent on commodity exports, but has so far benefited from the rally in precious metals which offset the drop in oil prices. Inflationary pressures remain well anchored and today’s CPI report is anticipated to show a small increase for July, partially reversing June’s surprise deflationary reading. Can the Canadian Dollar rally or will forex traders push for a breakout in the USDCAD? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this trade!

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KEY FUNDAMENTAL FACTORS FOR THE USDCAD
Here are the key factors to keep in mind today for US Dollar trades:

US Existing Home Sales: US Existing Home Sales for July are predicted to increase by 2.5% monthly to 5.40M. Forex traders can compare this to US Existing Home Sales for June which decreased by 1.7% monthly to 5.27M.
FOMC Minutes: The US Federal Reserve will release minutes from its last meeting today and forex traders will look for any potential change in the wording used which could give insight to future monetary policy adjustments. After the central bank delivered one 25 basis point interest rate cut, markets have priced in more and today’s minutes could give clarity on how the FOMC may act during it’s next meeting where another 25 basis point interest rate cut is priced in.
Here is the key factor to keep in mind today for Canadian Dollar trades:

Canadian CPI: The Canadian CPI for July is predicted to increase by 0.2% monthly and by 1.7% annualized. Forex traders can compare this to the Canadian CPI for June which decreased by 0.2% monthly and which increased by 2.0% annualized. The Canadian Core CPI for July is predicted to increase by 1.8% annualized. Forex traders can compare this to the Canadian Core CPI for June which increased by 1.8% annualized. The Core CPI-Median for July is predicted to increase by 2.0% annualized and the Core CPI-Trim is predicted to increase by 2.1% annualized. Forex traders can compare this to the Core CPI-Median for June which increased by 2.1% annualized and to the Core CPI-Trim which increased by 2.2% annualized.
Should price action for the USDCAD remain inside the or breakdown below the 1.3280 to 1.3345 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.3300
Take Profit Zone: 1.3015 – 1.3090
Stop Loss Level: 1.3355
Should price action for the USDCAD breakout above 1.3345 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.3380
Take Profit Zone: 1.3430 – 1.3500
Stop Loss Level: 1.3345
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. FX trading cooperation between traders and brokers is key to managing a successful portfolio, find out how PaxForex helps its traders to unlock their full potential!

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Margin call - 10%
It means you have more chances to overcome market movements with us by holding your positions for a longer period, which is really convenient during news trading


STP+ECN market execution of orders
By trading with us, you don’t have requotes, and all your deals are executed close to the current market price.


Personal Manager
We are happy to answer any questions you may have about PaxForex


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Stable leverage 1:5
Our leverage does not depend on account balance, time or market conditions.


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In case you use e-wallets with us you will see the amount in your respective IDs within 10-60 minutes, the maximum time is within 1 working day.


Lowest Spread
With the PaxForex Standard account, you will get spreads from 0.4 pip, Mini account from 1.4 and NO commission is required for trading.

Video Analysis of USDCAD 20.08.2019

https://paxforex.com/forex-analysis/USDCAD-20-08-2019




ANALYSIS OF USDCAD 20.08.2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.3345
• Take Profit Level: 1.3425 (80 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.3300
• Take Profit Level: 1.3270 (30 pips)



USDJPY
A possible short position in the breakdown of the level 106.30

GOLD
A possible long position at the breakout of the level 1505.00

USDCHF
A possible short position in the breakdown of the level 0.9790

EURUSD
A possible short position in the breakdown of the level 1.1070

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https://paxforex.com/forex-analysis/NZDSGD-19-08-2019

Video Analysis of NZDSGD 19.08.2019



ANALYSIS OF NZDSGD 19.08.2019
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
 
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.8875
• Take Profit Level: 0.8820 (55 pips)
 
If the price rebound from support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.8900
• Take Profit Level: 0.8930 (30 pips)
 
 
USDCHF
A possible long position at the breakout of the level 0.9810
 
USDJPY
A possible long position at the breakout of the level 106.50
 
EURUSD
A possible short position in the breakdown of the level 1.1080
 
GBPUSD
A possible short position in the breakdown of the level 1.2120

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Gold Fundamental Analysis – August 16th 2019
https://paxforex.com/forex-fundamental-analysis



Gold prices extended their sharp rally and the breakout above the psychological $1,500 mark has further enhanced bullish sentiment. Economic data out of Asia offered more recession signals for the global economy. The New Zealand Business Manufacturing PMI slid into contractionary territory below 50 with a downward revision to the previous month. While the Singapore trade surplus for July came in higher than expected, on an annualized basis it is contracting with non-oil exports slumping. The Hong Kong riots are also darkening the overall economic outlook for Asian economies. Will gold be able to extend its rally? This morning’s fundamental analysis will take a look at the next resistance level for this precious metal as well as the downside risk for a potential short-term sell-off due to profit taking.

Trade data out of the Eurozone will be next for forex traders and economists expect the surplus to shrink as global trade is slowing. The US inverted yield curve is flashing a recession signal for the US with German banks amongst the Eurozone weakest financial institutions. Housing data out of the US is anticipated to show a recovery after an overall weak year, but consumers extended their purchases as indicated by yesterday’s retail sales data. Consumer confidence data will offer the final economic data point for this trading week. How will this impact price action in Gold? Subscribe to the PaxForex Daily Fundamental Analysis and join our fast growing community of profitable forex traders!

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KEY FUNDAMENTAL FACTORS FOR GOLD
Here are the key factors to keep in mind today for Gold trades:

New Zealand Business Manufacturing PMI: The New Zealand Business Manufacturing PMI for July was reported at 48.2. Forex traders can compare this to the New Zealand Business Manufacturing PMI for June which was reported at 51.1.
Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending August 9th was reported at ¥173.1B and Japanese Buying Foreign Stocks was reported at ¥62.0B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending August 2nd which was reported at ¥292.0B and to Japanese Buying Foreign Stocks which was reported at ¥95.3B. Foreign Buying Japanese Bonds for the period ending August 9th was reported at ¥545.5B and Foreigners Buying Japanese Stocks was reported at -¥187.0B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending August 2nd which was reported at ¥179.9B and to Foreigners Buying Japanese Stocks which was reported at -¥339.9B.
Singapore Trade Balance: The Singapore Trade Balance for July was reported at $2.830B. Forex traders can compare this to the Singapore Balance for June which was reported at $2.450B. Non-Oil Exports for July increased by 3.7% monthly and decreased by 11.2% annualized. Economists predicted an increase of 2.7% and a decrease of 15.2%. Forex traders can compare this to Non-Oil Exports for June which decreased by 7.8% monthly and by 17.4% annualized.
New Zealand Non Resident Bond Holdings: New Zealand Non Resident Bond Holdings for July were reported at 51.7%. Forex traders can compare this to New Zealand Non Resident Bond Holdings for June which were reported at 50.3%.
Eurozone Trade Balance: The Eurozone Trade Balance for June is predicted at €16.3B. Forex traders can compare this to the Eurozone Trade Balance for May which was reported at €23.0B.
US Housing Starts and Building Permits: US Housing Starts for July are predicted to increase by 0.2% monthly at 1,255K starts and Building Permits are predicted to increase by 3.1% monthly to 1,270K permits. Forex traders can compare this to US Housing Starts for June which decreased by 0.9% monthly to 1,253K starts and to Building Permits which decreased by 6.1% monthly to 1,220K permits.
US Michigan Consumer Sentiment: Preliminary US Michigan Consumer Sentiment for August is predicted at 97.2. Forex traders can compare this to US Michigan Consumer Confidence for July which was reported at 98.4. Preliminary Current Conditions for August are expected at 110.4 and Preliminary Expectations are predicted at 89.0. Forex traders can compare this to Current Conditions for July which were reported at 110.7 and to Expectations which were reported at 90.5.
Should price action for Gold remain inside the or breakout above the 1,507.85 to 1,527.65 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1,516.50
Take Profit Zone: 1,590.10 – 1,619.85
Stop Loss Level: 1,500.85
Should price action for Gold breakdown below 1,507.85 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1,494.00
Take Profit Zone: 1,457.70 – 1,472.00
Stop Loss Level: 1,507.85
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AUDUSD Fundamental Analysis – August 15th 2019


The Australian Dollar advanced during the Asian trading session as consumer inflation expectations rose and the labor market surprised to the upside by adding 41.4K jobs. The AUDUSD elevated from string support levels as the US Dollar is coming under more selling pressure after the 30-Year Treasury Yield dropped to a new all-time low and the 2-Year/10-Year yield curve inverted, a strong recession signal. Can price action accelerate further to the upside? Today’s fundamental analysis will analyze the upside potential in the AUDUSD as well as evaluate the downside risk.

Forex traders will get a wave of US economic data today which is expected to move the US Dollar. Retail sales will share the attention with industrial and manufacturing production data. Did the US consumer continue to borrow and support the economy in the wake of the US-China trade war? The US bond market flashed its first recession signal since 2015 as the economy is cooling around the globe. How much longer can the US Dollar attract safe haven investors? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this AUDUSD trade!

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KEY FUNDAMENTAL FACTORS FOR THE AUDUSD
Here are the key factors to keep in mind today for Australian Dollar trades:

Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for August increased by 3.5% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for July which increased by 3.2% annualized.
Australian Employment Report: The Australian Employment Change for July was reported at 41.4K. Economists predicted a figure of 14.0K. Forex traders can compare this to the Australian Employment Change for June which was reported at 0.5K. The Unemployment Rate for July was reported at 5.2%. Economists predicted a reading of 5.2%. Forex traders can compare this to the Unemployment Rate for June which was reported at 5.2%. 34.5K Full-Time Positions and 6.7K Part-Time Positions were created in July. Forex traders can compare this to the creation of 21.0K Full-Time Positions and to the loss of 23.3K Part-Time Positions which were reported in June. The Labor Force Participation Rate for July was reported at 66.1%. Economists predicted a reading of 66.0%. Forex traders can compare this to the Labor Force Participation Rate for June which was reported at 66.0%.
RBA FX Transactions: RBA FX Transactions for July were reported at A$837M. Forex traders can compare this to RBA FX Transactions for June which were reported at A$1,478M. RBA FX Government Transactions for July were reported at -A$961M and RBA FX Other Transactions were reported at A$4,377M. Forex traders can compare this to RBA FX Government Transactions for June which were reported at -A$1,546 and to RBA FX Other Transactions which were reported at A$3,845M.
Chinese New Home Prices: Chinese New Home Prices for July increased by 0.59% monthly. Forex traders can compare this to Chinese New Home Prices for June which increased by 0.66% monthly.
Here are the key factors to keep in mind today for US Dollar trades:

US Empire Manufacturing Index: The US Empire Manufacturing Index for August is predicted at 1.9. Forex traders can compare this to the US Empire Manufacturing Index for July which was reported at 4.3.
US Non-Farm Productivity and Unit Labor Costs: Preliminary US Non-Farm Productivity for the second-quarter is predicted to increase by 1.4% quarterly and Unit Labor Costs are predicted to increase by 1.8% quarterly. Forex traders can compare this to US Non-Farm Productivity for the first-quarter which increased by 3.4% quarterly and to Unit Labor Costs which decreased by 1.6% quarterly.
US Philadelphia Fed Business Outlook: The Philadelphia Fed Business Outlook for August is predicted at 10.0. Forex traders can compare this to the Philadelphia Fed Business Outlook for July which was reported at 21.8.
US Advanced Retail Sales: US Advanced Retail Sales for July are predicted to increase by 0.3% monthly and Retail Sales Less Autos are predicted to increase by 0.4% monthly. Forex traders can compare this to US Advanced Retail Sales for June which increased by 0.4% monthly and to Retail Sales Less Autos which increased by 0.4% monthly. Retail Sales Less Autos and Gas for July are predicted to increase by 0.5% monthly and Retail Sales Control Group are predicted to increase by 0.4% monthly. Forex traders can compare this to Retail Sales Less Autos and Gas for June which increased by 0.7% monthly and to Retail Sales Control Group which increased by 0.7% monthly.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of August 10th are predicted at 212K and US Continuing Claims for the week of August 3rd are predicted at 1,685K. Forex traders can compare this to US Initial Jobless Claims for the week of August 3rd which were reported at 209K and to US Continuing Claims for the week of July 27th which were reported at 1,684K.
US Industrial Production and Manufacturing Production: US Industrial Production for July is predicted to increase by 0.1% monthly and Manufacturing Production is predicted to decrease by 0.3% monthly. Forex traders can compare this to US Industrial Production for June which was reported flat at 0.0% monthly and to Manufacturing Production which increased by 0.4% monthly. Capacity Utilization for July is predicted at 77.8%. Forex traders can compare this to Capacity Utilization for June which was reported at 77.9%.
US NAHB Housing Market Index: The US NAHB Housing Market Index for August is predicted at 66. Forex traders can compare this to the US NAHB Housing Market Index for July which was reported at 65.
US Business Inventories: US Business Inventories for June are predicted to increase by 0.1% monthly. Forex traders can compare this to US Business Inventories for May which increased by 0.1% monthly.
Should price action for the AUDUSD remain inside the or breakout above the 0.6745 to 0.6815 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6780
Take Profit Zone: 0.7020 – 0.7080
Stop Loss Level: 0.6735
Should price action for the AUDUSD breakdown below 0.6745 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6735
Take Profit Zone: 0.6565 – 0.6635
Stop Loss Level: 0.6780
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https://paxforex.com/forex-analysis/NZDUSD-15-08-2019Video Analysis of NZDUSD 15.08.2019

ANALYSIS OF NZDUSD 15.08.2019
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
 
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.6420
• Take Profit Level: 0.6380 (40 pips)
 
If the price rebound from support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.6470
• Take Profit Level: 0.6500 (30 pips)
 
 
USDCHF
A possible long position at the breakout of the level 0.9770
 
USDJPY
A possible long position at the breakout of the level 106.95
 
EURUSD
A possible short position in the breakdown of the level 1.1130
 
GBPUSD
A possible short position in the breakdown of the level 1.2040

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Analysis of EURJPY 13.08.2019

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The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 117.50
• Take Profit Level: 116.50 (100 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 118.30
• Take Profit Level: 118.80 (50 pips)


GOLD
A possible long position at the breakout of the level 1528.00

USDCHF
A possible short position in the breakdown of the level 0.9680

GBPUSD
A possible short position in the breakdown of the level 1.2035

USDJPY
A possible short position in the breakdown of the level 105.00

Yen takes advantage of trade uncertainty

https://paxforex.com/forex-fundamental-analysis/yen-takes-advantage-of-trade-uncertainty

The dollar continues to defend itself against the safe-haven yen in Monday's foreign exchange trading, as the trade dispute between China and the United States seems to have dragged on. Since no settlement is yet to be expected, the Japanese currency is confidently taking advantage, even though the holidays in Japan and Singapore have led to not very active trading.
 

POLITICAL UNCERTAINTY INTENSIFIED
Political uncertainty intensified after the US President Donald Trump said on Friday that he is not ready to make a deal with China, and even questioned the September round of trade talks.

On Monday, the dollar was negative at 7.0925 yuan after the statistics of the Chinese central bank turned out to be stronger than market expectations.
This helped dispel some fears that Beijing would use its currency as a weapon in its trade war with the United States.

A week ago, for the first time since 2008, China allowed its currency to depreciate against the dollar to 7, which, according to some, offset the imposed US tariffs. The changes put pressure on the currencies of developing countries throughout Asia and gave impetus to the growth of the Japanese yen.
Goldman Sachs cut its forecast for US economic growth over the weekend, warning that a trade deal with China was becoming increasingly unlikely before the 2020 presidential election and that the risks of a recession are thereby increasing.

This week, traders' attention will be focused on Chinese data on retail sales in July and industrial production, which will assess the impact of a long struggle with the United States on domestic trade.

Market attention will also be focused on the annual US Federal Reserve System Symposium in Jackson Hole, which will take place later this week, where investors hope to get some clarity about the future interest rate.

The US dollar fell against the yen to 105.40 level, staying near the seven-month low of 105.25 reached on Friday. The euro fell to 118.16 yen, while the EURJPY pair is near the April 2017 low.

Similarly, the pound fell to depths that have not been visited since 2016 - at around 126.69 yen and GBPJPY lost more than eight yen in just two weeks.
In addition, the pound hit a two-year low against the dollar on Friday after data showed that the UK economy unexpectedly fell in the second quarter, only reinforcing the bearish sentiment about Brexit without a deal.

Sterling was trading at $ 1.2020 - not far from the lows of January 2017.

The Australian regulator lowered its estimates for a number of major currencies, as it now expects that “nothing positive will happen” on the front of the trade, at least until the beginning of 2020. The central bank expects the dollar to be generally stable amid weakening policies of other major central banks.

Start earning on Forex >

 

FOREX TRADING RECOMMENDATIONS:

EURUSD: Buy. Entry point – 1, 1206. Take profit – 1, 1225. Stop Loss – 1, 1174.

USDCHF: Buy. Entry point – 0, 972. Take profit – 0, 9739. Stop Loss – 0, 9688.

USDJPY:  Buy. Entry point – 105, 36. Take Profit – 105, 58. Stop Loss – 104, 99.
 

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Silver Fundamental Analysis – August 12th 2019

https://paxforex.com/forex-fundamental-analysis/silver-august-12th-2019

Forex traders will start the new trading week with a light economic calendar which showed New Zealand consumers reigned in their credit card spending for July which posted an unexpected contraction. The the Brazilian IBC-Br Economic Activity Index, expected to show a further slowdown in Latin America’s largest economy, and the US Monthly Budget Statement for July which is anticipated to show another large deficit, are the only economic releases which are likely to get any attention. Will this allow the rally in Silver, a safe haven asset, to extend? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this precious metal.

The focus will remain on the People’s Bank of China as it set the Yuan Reference Rate at 7.0211 which marked the third consecutive where the Chinese central bank set this rate north of the key 7.0000 level. Forex traders are expected to watch out for this rate on a daily basis which will dictate cross-currency flows. Since commodities are priced in US Dollars in the global market, they often enjoy an inverse relationship which means a weaker US currency will drive commodity prices higher. US President Trump is trying to force his own central bank to manipulate the US Dollar and weaken it which would further boost the price of Silver. Is another breakout imminent? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this precious metal.

SILVER TECHNICAL CHART FLASHES BUY SIGNAL
The fundamental analysis outlines clear buy signals for this previous metal and the technical chart flashes a buy signal as you can see in the video below. There is plenty of upside potential. The below video noted the previous breakout above 16.100 which took price action above 17.000, but at the end of the video you can see that this bullish move has further room to extend to the upside. We are currently seeing a pause near the 17.000 mark from where a new breakout is anticipated to materialize.


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KEY FUNDAMENTAL FACTORS FOR SILVER
Here are the key factors to keep in mind today for Silver trades:

New Zealand Credit Card Spending: New Zealand Credit Card Spending for July decreased by 0.1%monthly and increased by 1.6% annualized. Economists predicted an increase of 0.6% and of 2.2%. Forex traders can compare this to New Zealand Credit Card Spending for June which was reported flat at 0.0% monthly and which increased by 1.1% annualized.
Swiss Total Sight Deposits and Swiss Domestic Sight Deposits: Swiss Total Sight Deposits for the week of August 9th are predicted at CHF583.1B and Swiss Domestic Sight Deposits are predicted at CHF475.0B. Forex traders can compare this to Swiss Total Sight Deposits for the week of August 2nd which were reported at CHF582.7B and to Swiss Domestic Sight Deposits which were reported at CHF473.9B.
Brazilian IBC-Br Economic Activity Index: The Brazilian IBC-Br Economic Activity Index for June is predicted to increase by 0.10% monthly. Forex traders can compare this to the Brazilian IBC-Br Economic Activity Index for May which increased by 0.54% monthly.
US Monthly Budget Statement: The US Monthly Budget Statement for July is predicted at -$120.0B. Forex traders can compare this to the US Monthly Budget Statement for June which was reported at -$76.9B.
SILVER TRADING SET-UP FOR AUGUST 12TH 2019
Should price action for Silver remain inside the or breakout above the 16.600 to 17.100 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 16.850
Take Profit Zone: 18.200 – 18.600
Stop Loss Level: 16.150
Should price action for Silver breakdown below 16.600 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 16.300
Take Profit Zone: 15.150 – 15.550
Stop Loss Level: 16.600
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you hedge your forex investment properly? With volatility on the rise, it is now more important than ever to protect your balance from downside risk, find out how from PaxForex today and join one of the fastest growing trading communities in the forex market!