The Second Estimate of US Q4/16 GDP Growth Unchanged at 1.9%

The Second Estimate of US Q4/16 GDP Growth Unchanged at 1.9%\

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''Free Forex Signals's'' analysis for Forex international Market.

About Forex Planners,This is For an upward revision to 2.1%, The updated estimate falls a little short of market expectations.Consumer spending was stronger than previously estimated but that was make up for by weaker government expenditure and business fixed investment.Consumer spending growth was revised up to 3.1% in the second approximation of Q4/16 GDP from 2.5% up to that time, now similar the previous quarter's pace. While 2016 was a strong year for consumer expenses, the 2.7% annual raise fell short of the previous two years' gains. Stronger Q4/16 family circle expenditure was counterbalance by modest downward revisions somewhere else most significantly government spending, which is now predictable to have edged up just 0.31%. Business unchanging investment was also revised lower; at 1.32% in Q4/16, there is no longer confirmation of a important pickup comparative to the previous two quarters. With residential investment still screening a near 10.1% increase, final domestic order was revised up slightly to 2.61% from 2.52% previously. Net exports remained a important drag (with an unwind of Q3/16's surge in food exports a major factor) while a stronger supply build provided some offset.Thanks for view ''Free forex signals''.

Our Take.

And the important that, Offsetting revisions to Q4/16's spending detail left increase unmoved, and it remains the case that a lift up in household spending relative to Q3/16 made for a more hopeful report than the headline GDP figure suggests. The upward revision to consumer expenditure indicates strong impetus in the household sector toward the end of the year, but a more unassuming increase in business investment is somewhat hopeless, leaving less confirmation of rebalancing in domestic growth on the way to the end of last year. While the latter movement is less positive than previously predictable, we continue to expect non-residential investment will pick up diffidently this year beside improving business reaction, supplementing another strong input to growth from consumer expenditure. Our estimate has also built in some economic incentive, though much of the boost to yearly growth could fall more in 2018 as indications that tax improvement might not come before late-summer boundary the range for an add from economic policy this year. Thanks for read this post.Thanks for view ''Free forex signals''.

Crude Oil Steady Ahead of Crucial Oil Summit

Forex News Updates,

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Free Forex Signals views fore this week about Forex market.

In the Friday session U.S crude Oil prices are showing limited movement all the day. Currently, WTI/USD futures are trading at $51.35. Brent crude futures are balanced at $54.12, And as the Brent premium stands at $2.77. Today’s key event is UoM Consumer Sentiment Price Index. The market is expecting the indicator to maintain to improve in December, with an estimate of 94.3 points. On Saturday, OPEC and non-OPEC nations will meet in Vienna to talk about extending the OPEC production agreement to other Products and oil exporters.Thsnks for veiw Free Forex Signals.

All Oil prices have surged since OPEC reached a production cut agreement at the last week, but members will have to honor their quotas in order for the deal to calm down oil prices. OPEC members have set record productions levels in current months, and non-OPEC members for example Russia have also been producing at very very high levels. This means that yet with the OPEC agreement, the global glut of oil will continue for some to come. On Saturday OPEC and non-OPEC countries will meet, but it’s undecided if non-OPEC nations will agree to a production cut agreement. If an agreement is reached, So we could see Next week crude prices continue go up higher.Free Forex Signals views about nest week.

Next week The Federal Reserve will take center step as the Fed meets for its monthly policy meeting  on Wednesday. After Donald Trump’s election as president, This will be the first meeting. More importantly of course, the markets have priced in a rate hike at 95%, most possible a quarter-point increase. Last December This would spot the first rate move by the Fed since, and the U.S dollar could respond with wide gains after a rate hike. It will be exciting to see what happens early next year, with the Trump management taking over in Washington. Trump has declared that he plans to increase government spending and cut taxes, which could go ahead to higher price rises levels. The Fed has indicated that it plans to move up rates regularly in 2017, but this could change once the new administration’s economic policies become clearer. It’s a report for crude oil mevement for this whole week. Thanks for viewing our Post. Thanks for view Free Forex signals.

ABOUT FOREX BUSINESS

To make money In the currency market, a beginner trader should learn completely about Forex trading basics and about analyze for Forex market trend and start trading with their own strategies on the basis of this analysis. Trading in Forex market  suggests that market participants should follow certain rules of the market. Among these rules are the trading strategy which turns an ordinary play into activity that brings money.

You can view latest news for international currencies and analyze Forex market and you make your own strategies for Forex trading and get much more profit.

Traders can build up their own strategies being the most suitable for them. Some market participants are use only technical analysis, but others prefer to go by fundamental factors. There are those who combine both types of analysis determining entry and exit points.

There is a whole myriad of diagnostic tools helping traders understand all fluctuations and make complete market analysis. To become skilled and understand the tools, beginner traders are recommended to examine every analytical tool and indicators.

SUPPORT AND RESISTANCE:

The most popular indicator, Support and resistance levels are considered to be the basis of most trading strategies. Traders use these levels to determine a moment to enter or exit points in the market. Support indicate sis the lowest level touching which a price is likely to switch to an upward movement. The resistance level indicates the highest price at which traders prefer to close positions to avoid the risk of a important decline. At support and resistance levels, trends are tested and confirmed. Breaches of these levels point to a stable price movement. Support and resistance levels can be determined through analysis of price charts of previous unbroken support and resistance levels for any period of time.

You can download Forex professional and working robots in our blog and apply in your MT4 software for Forex trading.

MOVING AVERAGE INDICATION:

The moving average indicator is another instrument of trading strategy development. The simple moving average shows a price within a confident period of time. This tool is used to eliminate the short-term price fluctuations. It allows traders to see the on the whole market situation. Also, the moving average indicator is used to indicate future price movements, whether increasing or descendant.

If price is above the moving average, the market is bullish and it’s time to buy an benefit. The market is bearish if price is below the moving average, it’s time for selling for profit.

Traders can make a full of meaning analysis of the Forex market using several trading tools and indicators. When indicators signal the beginning of a market movement, it is the time to start trading relying on one indicator. The main principles of the fundamental analysis are the same.

Developing a trading strategy for a good profit, traders should remember that any strategy includes clear principles and rules of entering and exiting points the market as well as a good analysis of the market movement in the nearest future. Thanks to view our post.

INTRODUCTION TO FOREX TRADING for NEW TRADERS

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Forex Trading has become a very popular money-making system. Since Forex trading has become very popular and trendy nowadays and there are Forex brokers advertising their services all over the world, traders should understand as much as they can about Forex trading before selecting a Forex broker.The term “Forex” is short for foreign exchange market, which is the “place” where different currencies are exchanged in a permanent fashion by millions of people all over the world. It isn’t difficult to conceptualize about Forex trading.Tourists who travel from one country to another country, they must exchange currencies in order to pay for a local expense for product or services. A bundle of Euros would be totally useless to an Italian tourist wishing to visit the Sphinx in Egypt because Euros are not the locally accepted currency. The tourist would have to exchange his currency for the local currency, Egyptian pounds, at the existing exchange rate for that day.

For Example,Even without knowing much about Forex trading, residents of one country exchange currencies with another country each time they purchase a foreign product. Mean while, someone living in the U.S. who wants to buy a nice bottle of French wine and any other imported product so he may pay for it in dollars but the wine has already been paid for in Euros. Somewhere along the line, either the wine or other product American importer had to have exchanged the equivalent value of U.S. dollars (USD) into Euros. This is all about Forex trading. I hope you well understand.

 Differently the New York Stock Exchange or other stock markets in the world, there is no central marketplace for foreign exchange. Rather, currency trading is conducted automatically over-the-counter  (OTC), its means that all transactions take place via computer networks between traders and brokers around the world, rather than on one central exchange. The market is open 24 hours a day, its mean five and a half days a week.One more thing about Forex trading: The need to exchange currencies is the major reason why the Forex market is the biggest, most solid financial market in the world. It out performs other markets including the stock market, with an average traded value of around U.S. $2,000 billion per day. Being aware of the extent of Forex trading should be enough of an introduction to Forex trading to encourage the eager investor to plunk down his money and start to trade.

 After all, Traders can make a lot of money by trading on the Forex Exchange. The more a trader knows about Forex trading, the more winning and successful he will be. It’s really a very simple idea.

GBP/USD Weekly Outlook For Trending.

Hello dear viewers,

This if Weekly trending analysis for GBP/USD. GBP/USD's break of 1.2675 resistance indicate resumption complete rebound from 1.1948. Initial bias stays on the upside for 61.7% projection of 1.1947 to 1.2674 from 1.2301 at 1.2750 first. Break will target 100% projection at 1.3024. But we'll expect well-built resistance below 1.3444 resistance to limit upside and bring down trend carrying on. however, break of 1.2301 support is now needed to confirm  achievement of the corrective rise. Otherwise, further rise will remain gently in favor in upcoming.In the bigger picture, fall from 1.7196 is seen as part of the down trend from 2.1160. There is no sign of medium term bottoming until now. constantly trading below 61.8% projection of 2.1161 to 1.3503 from 1.7190 at 1.2457 will target 100% projection at 0.9532. Overall, break of 1.3444 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish.In the longer term reflection, no change in the view that down trend from 2.1161 is still in progress. In progress momentum suggests that the down trend will go deeper than initially expected in nearly. Thanks for Viewing our Post.

Canadian Dollar Ticks Move Lower, US Jobless Claims Next

Hello Dear Viewers,

You know that, The Canadian dollar is showing a most slight movement on Thursday, after a unstable volatile movement on Wednesday . presently, the pair is trading at the 1.3420 level. In economic news, OPEC members reached a production cap deal. In the U.S, it's a busy day now, with two key events – unemployment claims and ISM built-up PMI. Employment indicators will be in the limelight on Friday, tinted by U.S Non-farm Payrolls and the Canadian Employment Change. Traders should be ready for some movement from USD/CAD on Friday 2/12/2016.

There was the common drama and fluctuations in oil prices forward of another OPEC meeting, but this time there was a shock ending. And OPEC announced that it had reached a production cut agreement. One of the main sticking points had been Iran's persistence to preserve output at pre-sanction levels. Saudi Arabia swallowed hard and accepted Iran's demand, pave stone the path for a production contract by OPEC since 2008. U.S crude has surged 6.6 percent in the Wednesday session and is trading above the $48 level. The agreement should trim down the worldwide glut of oil and steady oil prices, on the statement that OPEC members do not cheat on their production quotas. The surprise deal initially sent the Canadian dollar higher, but it could not join and ended the Wednesday session unaffected on Market.

U.S indicators overcome on Tuesday. In the Beginning GDP sparkled in the third quarter, as the economy expanded 3.1%, above the forecast of 3.1%. The 3.0% put on was an upwards revision of Advance GDP, which came in at 3.0%. Solid customer confidence numbers have been a serious factor in the U.S improvement, as an optimistic consumer is likely to go out and spend money. CB Consumer Confidence Move up to 107.1 points in November, surpassing the 100-level for the third time in four months. Last week, UoM buyer Sentiment jumped to 93.8 points, its highest level since May. Donald Trump's surprise election victory has not had an adverse effect on consumer confidence, and if these pinkish numbers translate into stronger consumer costs, the U.S dollar could continue to climb against its rivals. Thanks for Reading.

GLOBAL MARKETS-Oil rally helps lifts equities; Wall St at record

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NEW YORK U.S. stocks climbed on Monday to set a record peak and European equity markets also advanced, buoyed by strong gains in the energy sector as oil prices surged to a three-week high.

Both Brent and U.S. crude LCOc1 jumped more than 4 percent to hit their highest levels in about three weeks, as the dollar weakened. The gains were also helped by comments by Russian President Vladimir Putin that raised expectations major oil producing countries could reach a deal to limit output at a meeting next week.

Among U.S. equities, the S&P energy index .SPNY gained 2.1 percent as the top-performing sector, helping to push the benchmark S&P 500 index above its intraday record of 2,193,81 set on Aug. 15. The advance put the index on pace to set a closing high.

"It’s in that mindset now, we have broken up and out, we are testing the highs, so new highs beget new highs," said Ken Polcari, director of the NYSE floor division at O’Neil Securities in New York. "Now it’s all psychological."

The Dow Jones industrial average .DJI rose 65.85 points, or 0.35 percent, to 18,933.78, the S&P 500 .SPX gained 14.38 points, or 0.66 percent, to 2,196.28 and the Nasdaq Composite .IXIC added 39.73 points, or 0.75 percent, to 5,361.24.

The Nasdaq hit an intraday record for a second day, reaching as high as 5,364.76, but market participants cautioned that volume was likely to be light this week ahead of the U.S. Thanksgiving Day holiday on Thursday.

The climb in oil lifted European markets, with the STOXX Europe oil & gas index .SXEP up 2.1 percent. Europe's index of leading 300 shares .FTEU3 closed up 0.3 percent. MSCI's all-country world index .MIWD00000PUS advanced 0.6 percent.

The dollar .DXY eased 0.06 percent to 101.15 against a basket of major currencies, pausing after a 10-day streak that saw it gaining nearly 5 percent. That rally was fueled by expectations of policies by U.S. President-elect Donald Trump that would lead to interest rate increases.

In similar fashion, U.S. Treasury yields, which have soared in the wake of the U.S. election, declined from one-year highs as the recent selloff tempted some new buyers. Benchmark 10-year note yields US10YT=RR jumped as high as 2.36 percent on Friday and were last up 2/32 in price to yield 2.3298 percent.

Sterling GBP= climbed 1 percent against the dollar to $1.2461 as the market processed British Prime Minister Theresa May's latest hints on the possible shape of Britain's exit from the European Union.

Copper prices CMCU3, which have risen on Trump's promise to spend heavily on infrastructure, were up 2.4 percent CMCU3 at $5,553.50 a tonne on the prospect of better demand in top consumer China and on the dip in the greenback.

The pause in the U.S. dollar rally helped gold XAU= bounce from a 5-1/2 month low. Spot gold was up 0.2 percent at $1,210.86 an ounce. Thanks.

Canada accelerates plan to phase out coal power, targets 2030

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TORONTO Canada announced on Monday it will accelerate its plan to virtually eliminate traditional coal-fired electricity by 2030, a stance contrasting sharply with that of U.S. President-elect Donald Trump, who has pledged to revive the sector.

Canada's Liberal government ran on a platform to do more for the environment. Its coal-cutting plan would help it meet the emissions reduction targets of the Paris agreement, which Parliament ratified last month.

South of the border, the Republican Trump has vowed to ease the regulatory burden on all fossil fuel producers, including coal.

Globally, more than 2,400 coal power plants are under construction or being planned, experts say. Two-thirds are in China and India, according to a report by a dozen poverty and development organizations.

Canadian Environment Minister Catherine McKenna said Canada's coal regulation, which accelerates an existing phase-out timetable, will take into account the positions of provinces, some of which have resisted the federal government's plans to counter climate change.

Four provinces still burn coal for electricity - Alberta, Saskatchewan, Nova Scotia and New Brunswick - but the first already has a coal-cutting plan with a similar timeline.

Meeting the coal-cutting targets will be hard for those provinces as the transition may be costly, even with the flexibility the federal government granted, said Joe Aldina, director for U.S. coal for PIRA Energy Group.

But certain industries will likely benefit as provinces look for energy in new areas or further explore existing ones, he said.

"British Columbia, Quebec and Manitoba have really significant hydro resources," he said. "I'd expect a mix of natural gas and renewables to benefit."

Under Canada's plan, some plants will be allowed to stay open if equivalent emission reductions are achieved elsewhere, McKenna said.

"Eighty percent of Canada's electricity already comes from non-emitting sources," she said. "Our goal is to make Canada's electricity 90 percent non-emitting by 2030."

Ed Whittingham, executive director at the Alberta-based Pembina Institute, welcomed the government's move and called for the government to require 100-percent clean electricity supply by 2050.

Canada's existing plan to phase out coal power was announced in 2010, under the Conservative government. The move was welcomed by some in the industry, including TransAlta Corp (TA.TO), the country's largest operator. Thanks.

Merkel says she will seek 4th term as German chancellor

For your information, BERLIN Angela Merkel announced on Sunday she wants to run for a fourth term as German chancellor in next year's election, a sign of stability after Britain's vote to leave the European Union and the election of Donald Trump as the next U.S. president.

Despite a voter backlash over her open-door migrant policy, the 62-year old conservative said she would stand again in the September election, ending months of speculation over her decision.

"I thought about this for an endlessly long time. The decision (to run) for a fourth term is - after 11 years in office - anything but trivial," Merkel told a news conference after a meeting of senior members of her conservative Christian Democrat (CDU) party convened to prepare for the election.

Some 55 percent of Germans want Merkel, Germany's eighth chancellor since World War Two, to serve a fourth term, with 39 percent against, an Emnid poll showed on Sunday, highlighting that despite setbacks, she is still an electoral asset.

Merkel has steered Europe's biggest economy through the financial crisis and euro zone debt crisis and has won respect internationally, for example with her efforts to help solve the conflict in Ukraine. U.S. President Barack Obama last week described her as an "outstanding" ally.

With Trump's victory in the United States and the rise in support for right-wing parties in several European states, some commentators see Merkel as a bastion of Western liberal values.

"Angela Merkel is the answer to the populism of this time. She is, as it were, the anti-Trump," party ally Stanislaw Tillich, premier of the state of Saxony, told the RND newspaper group, adding she stood for reliability and predictability.

However, her decision last year to open Germany's borders to around 900,000 migrants, mostly from war zones in the Middle East, angered many voters at home and dented her ratings.

Her party has slumped in regional elections in the last year while support for the anti-immigrant Alternative for Germany (AfD) has swelled.

In September, after a heavy defeat for the CDU in a Berlin state election, a humbled Merkel surprised the country by saying she wished she could turn the clock back on the migrant crisis, though she stopped short of saying her policy was a mistake.

BIG TASKS AHEAD

If re-elected, her responsibilities will range from helping lead talks with Britain on its withdrawal from the EU, soothing tense relations with Turkey, a crucial partner in the migrant crisis, and developing a relationship with Trump.

Domestically, her biggest challenge will probably be managing the integration of refugees in an increasingly divided society and keeping Europe's powerhouse economy on track.

An Emnid poll on Sunday put Merkel's conservative bloc down one point at 33 percent, nine points ahead of her nearest rivals, the Social Democrats (SPD), with whom she shares power.

In a system where coalition governments are the norm, many pollsters see another 'grand coalition' as the most likely option after the election, although the rise of the AfD makes coalition arithmetic more complicated.

The SPD has not decided whether its chairman Sigmar Gabriel, Vice Chancellor and Economy Minister, will run against Merkel.

One of the SPD's deputy leaders, Ralf Stegner, said it would be a mistake to underestimate Merkel but that the "myth of invincibility" was over.

Merkel, who grew up in Communist East Germany, is a physicist who only became involved in politics after the fall of the Berlin Wall in 1989. She is seen as a talented negotiator but has also shown a ruthless streak.

A Protestant woman in a mainly Catholic and male-dominated party, at least when she became its leader in 2000, Merkel never built up a regional power base but over the years she has sidelined her main male rivals and has no obvious successor.

She still requires the official backing of her Christian Social Union (CSU) allies in Bavaria, who have fiercely criticized her open-door migrant policy. CSU head Horst Seehofer welcomed her decision on Sunday.

"We now want the trust of the population for another four years and therefore it is good that we have clarity," he said.

Germany has no limit on the number of terms a chancellor can serve. By standing again, Merkel, who said she wanted to serve the full fourth term, could end up matching the 16 years in office of her former mentor, Helmut Kohl. It was Merkel herself who broke with Kohl and told her party in 1999, in the midst of a funding scandal, that it should move on without him. Thanks.

High turnout as France's conservatives choose presidential candidate

Hello Dear Viewers,

You know about, PARIS French conservative voters turned out en masse on Sunday to choose their candidate for next year's presidential election in a tight primary race whose winner is seen as likely to make the Elysee Palace in 2017.

Sunday's primary vote will produce two candidates for a Nov. 27 run-off, with the foremost candidates being two former prime ministers, Alain Juppe and Francois Fillon, and ex-president Nicolas Sarkozy. The result was expected late on Sunday.

With the French left in disarray under the deeply unpopular President Francois Hollande, pollsters suggest that the center-right nominee to emerge after the head-to-head will defeat the National Front's eurosceptic, anti-immigration leader Marine Le Pen in the final round of the election next May.

"We're really tired of Hollande. We need a change," voter Marion, a lawyer, said outside a polling station in central Paris.

Juppe, a moderate conservative campaigning on an inclusive, "happy identity" platform, had for months appeared on track to win the nomination of the Les Republicains party and its center-right allies.

But over the past week the contest has been transformed into a tight race between Juppe, Sarkozy and Fillon, who served as prime minister under Sarkozy from 2007 to 2012.

Juppe, whom Sarkozy has for weeks accused of being held "hostage" by centrist allies, lost his lead in opinion polls to his rivals to the right on the political spectrum. Sarkozy has sought to tap into populist sentiment while Fillon is proposing tough measures to shake up the economy.

A Harris Interactive opinion poll on Sunday showed a majority of those surveyed considered Fillon and Juppe had fought the best campaign.

The race for the presidency is shaping up as new tests of strength between weakened mainstream parties and rising populist forces.

Polls show that whoever wins the conservative ticket should beat Le Pen, because she needs a 50 percent vote to become president and her party has never polled much more than 30 percent.

But after Britain's vote to quit the European Union and Donald Trump's surprise U.S. election win this year, few are prepared to write off her chances entirely.

Should Sarkozy or Fillon emerge as Le Pen's conservative opponent, polls and analysts suggest however that her electoral chances could be higher than if she faces Juppe, who is seen as having a wider voter appeal than his two rivals.

HIGH TURNOUT

A lot could hinge on turnout, with polls saying a high level would favor Juppe.

More than 2.5 million votes had been cast by 1700 local time according to a count conducted in 70 percent of the more than 10,000 polling stations.

Thierry Solere, president of the committee organizing the vote, called that a "considerable turnout" with two hours still left to vote and queues visible at a number of Paris polling stations.

There are other uncertainties in Sunday's vote, in which four more candidates, whom polls forecast have no chance of winning, also took part.

It is the first center-right primary to be held in France, and anyone who pays 2 euros ($2.12) and signs a form showing support for the party's values can take part.

That means voting patterns are to some extent untested, leaving potential for tactical voting by left and far-right supporters as well.

"I am not at all on the Right, I'm very much on the Left and I really want to block Sarkozy and I know that the Left won't get to the second round (of the presidential election) so I just want to stop Sarkozy and Marine Le Pen," one voter, Emeline, said. Thanks.