Here are the key factors to keep in mind today for Silver trades:
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 October 18th was reported at ¥536.1B and Japanese Buying Foreign Stocks was reported at ¥42.3B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending October 11th which was reported at¥1,062.2B and to Japanese Buying Foreign Stocks which was reported at ¥48.3B. Foreign Buying Japanese Bonds for the period ending October 18th was reported at ¥127.2B and Foreigners Buying Japanese Stocks was reported at ¥522.3B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending October 11th which was reported at ¥102.8B and to Foreigners Buying Japanese Stocks which was reported at ¥508.2B.
Singapore Unemployment Rate: The Singapore Unemployment Rate for October was reported at 2.3%. Forex traders can compare this to the Singapore Unemployment Rate for September which was reported at 2.2%.
Singapore Industrial Production: Singapore Industrial Production for September increased by 3.7% monthly and by 0.1% annualized. Economists predicted an increase of 0.1% and a decrease of 4.1%. Forex traders can compare this to Singapore Industrial Production for August which decreased by 7.3% monthly and by 6.4% annualized.
German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for November is predicted at 9.8. Forex traders can compare this to the German GfK Consumer Confidence Survey for October which was reported at 9.9.
French PPI: The French PPI for September is predicted to increase by 0.3% monthly. Forex traders can compare this to the French PPI for August which was reported flat at 0.0% monthly.
German IFO: The German IFO Business Climate Index for October is predicted at 94.5. Forex traders can compare this to the German IFO Business Climate Index for September which was reported at 94.6. The German IFO Current Assessment Index for October is predicted at 98.0. Forex traders can compare this to the German IFO Current Assessment Index for September which was reported at 98.5. The German IFO Expectations Index for October is predicted at 91.0. Forex traders can compare this to the German IFO Expectations Index for September which was reported at 90.8.
US Michigan Consumer Confidence: Final US Michigan Consumer Confidence for October is predicted at 96.0. Forex traders can compare this to the previous US Michigan Consumer Confidence for October which was reported at 96.0.
Should price action for Silver remain inside the or breakout above the 17.600 to 17.950 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 17.750
Take Profit Zone: 19.250 – 19.600
Stop Loss Level: 17.150
Should price action for Silver breakdown below 17.600 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 17.150
Take Profit Zone: 15.900 – 16.300
Stop Loss Level: 17.600
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you hedge your forex trading account properly and protect it from downside risk? Find out how to properly secure your forex investment at PaxForex where you can grow your portfolio trade-by-trade!
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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 October 18th was reported at ¥536.1B and Japanese Buying Foreign Stocks was reported at ¥42.3B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending October 11th which was reported at¥1,062.2B and to Japanese Buying Foreign Stocks which was reported at ¥48.3B. Foreign Buying Japanese Bonds for the period ending October 18th was reported at ¥127.2B and Foreigners Buying Japanese Stocks was reported at ¥522.3B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending October 11th which was reported at ¥102.8B and to Foreigners Buying Japanese Stocks which was reported at ¥508.2B.
Singapore Unemployment Rate: The Singapore Unemployment Rate for October was reported at 2.3%. Forex traders can compare this to the Singapore Unemployment Rate for September which was reported at 2.2%.
Singapore Industrial Production: Singapore Industrial Production for September increased by 3.7% monthly and by 0.1% annualized. Economists predicted an increase of 0.1% and a decrease of 4.1%. Forex traders can compare this to Singapore Industrial Production for August which decreased by 7.3% monthly and by 6.4% annualized.
German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for November is predicted at 9.8. Forex traders can compare this to the German GfK Consumer Confidence Survey for October which was reported at 9.9.
French PPI: The French PPI for September is predicted to increase by 0.3% monthly. Forex traders can compare this to the French PPI for August which was reported flat at 0.0% monthly.
German IFO: The German IFO Business Climate Index for October is predicted at 94.5. Forex traders can compare this to the German IFO Business Climate Index for September which was reported at 94.6. The German IFO Current Assessment Index for October is predicted at 98.0. Forex traders can compare this to the German IFO Current Assessment Index for September which was reported at 98.5. The German IFO Expectations Index for October is predicted at 91.0. Forex traders can compare this to the German IFO Expectations Index for September which was reported at 90.8.
US Michigan Consumer Confidence: Final US Michigan Consumer Confidence for October is predicted at 96.0. Forex traders can compare this to the previous US Michigan Consumer Confidence for October which was reported at 96.0.
Should price action for Silver remain inside the or breakout above the 17.600 to 17.950 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 17.750
Take Profit Zone: 19.250 – 19.600
Stop Loss Level: 17.150
Should price action for Silver breakdown below 17.600 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 17.150
Take Profit Zone: 15.900 – 16.300
Stop Loss Level: 17.600
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you hedge your forex trading account properly and protect it from downside risk? Find out how to properly secure your forex investment at PaxForex where you can grow your portfolio trade-by-trade!
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
The Reliability on all Assets in the Market
Trusted Worldwide for over a Decade
Live Multi-Lingual Online Support 24/5