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15.11.2018 09:21 AM
Trading plan for 15/11/2018

Exchange index in Shanghai gains 1.2% with a sentiment based on Reuters reports that China sent a response to US demands for trade reform, but did not provide further details, hopes that both sides would be able to resume negotiations to end a trade war.

Trade in Japan was less optimistic and Nikkei fell 0.2%. On the night in the US, the SP500 lost 0.76%..

The AUD/USD is the best performer as the pair jumped to 0.7280 after a good report from the labor market in Australia. In October, employment increased by 32.8k (against 20k thresholds), and the unemployment rate remained at 5.0% ( 5.1% expected). The increase in employment has come from full-time jobs, which improves the meaning of the report, even though the data will not change the speed of the RBA.

GBP / USD carefully stopped just over 1.30, as investors tone emotions after government approval of Prime Minister May draft Brexit agreement. Uncertainty is related to May's ability to gain support for the project in the parliament. This morning, there were reports that a motion of no confidence in Prime Minister May will be filed during the day, although there is no certainty that there will be enough votes.

EUR / USD returned over 1.1330; USD / JPY went down to 113.50.

On Thursday, the 15th of November, the event calendar is rich in important data releases. During the London session, the Uk will post Retail Sales data and the Eurozone will post Current Account data. During the NY session, Canada will present ADP Non-Farm Employment Change data and the US will post Retails Sales data, Philadelphia Fed Manufacturing Index data, Unemployment Claims and Continuing Claims data, EIA Natural Gas Storage Change data and Crude Oil Inventories data. Plenty of speeches are scheduled for today from Member of the Executive Board of the ECB Benoit Coeure, MPC Member Silvana Tenreyro, ECB's Peter Praet, FOMC Member Randal K. Quarles, FOMC Member Raphael W. Bostic, FOMC Member Neel Kashkari and Federal Reserve Chairman Jerome Powell.

Natural Gas analysis for 15/11/2018:

The record-breaking volatility of energy resources continues. Yesterday, the WTI oil has been falling the most in several years and today the record is beating the natural gas rate. The raw material has recently increased sharply due to low stocks in recent years and record-cold November in the US, which will soon finish the period of rebuilding stocks before the heating season. The result is a real shot of raw material prices. Today, NatGas goes up a dozen or so percent and peaked at 4.90, the level recorded last time in 2014. In two months, the raw material went up by almost 70 percent!

Let's now take a look at the Natural Gas technical picture at the daily time frame. The local high was made at the level of $4,896 and it does'not look it is the end of the advance. The nearest technical support is seen at the level of $4,532 and this level is an important support from a long-term point of view. Any clear and sustained violation of this level would mean a false breakout, so it is worth to keep an eye on the price behavior at this level. The momentum remains strong and positive, but the market conditions are becoming overbought.

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میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
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