MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Global macro overview for 20/05/2016

Global macro overview for 20/05/2016:

The core machinery orders data from Japan has been released overnight and it has surprised investors. Core orders, a leading indicator of business investment, surged 5.5% from the previous month, stronger than a 0.7% increase expected by economists. Moreover, on an annual basis, core orders surged 3.2%, much more than 0.8% expected by market participants. Despite the good figures, the firms predict orders to drop in the current quarter as companies become increasingly cautious due to a surging Japanese yen and weakness in overseas economies. The Prime Minister Shinzo Abe urges firms to spend more for future growth in order to return to the levels seen prior to the global financial crisis.

Let us now take a look at the USD/JPY technical picture on the daily time frame. Bulls have managed to retrace the recent fall up to the nearest technical resistance at the level of 110.62, but bears are still in control over this market. The golden trend line might provide another dynamic resistance around this area, so a failure and a return to the downtrend are expected here.


The material has been provided by InstaForex Company -