Forex Analysis

A brief overview of the forex market on 02/11/2016

Hello.Here is advice on how to trade the Forex market on 11.02.2016

Calendar anticipated events

16:30 US.The number of initial claims for unemployment benefits
18:00 US.Speech by Fed Chairman Yellen


ERUSDaili 11022016

on EURUSD today, there was a slight downward correction, after which I think will continue to move up to 1.14500.Pronounced pattern is not observed, but you can search within a day of purchase.


YuSDHFDaili 11022016

Not surprisingly, the opposite situation on the USDCHF.After a rollback to a previous break of 0.98000 pattern formed inner bar.I think that is worth waiting for the continuation of the fall to at least 0.9600.I continue to consider selling this pair.

Fundamental analysis


Australian dollar back to 71 cents to the US dollar on Thursday, after the US Federal Reserve failed to convince the markets that are in the way of four-time consecutive interest rate increase this year.

In morning trading, the Aussie traded near 70.96 ¢ US, compared with 70.74 ¢ US at the same t

ime on Wednesday.

growth of the US dollar, after the January failure of the Fed to raise rates against other major currencies such as the euro or the yen remains sustained.

At the moment, the majority of investors believe that the Committee on the Federal Open Market markedly stepped away from its December initiatives to raise interest rates at least four times this fiscal year.

At the same time, US politicians Yellen recalled that the labor market remains strong, and the growing pressure of wages, ultimately, serve a strong growth driver for inflation as income and expenses in the country continue to rise.

With this in mind, the Fed chief still not completely abandoned the idea of ​​a rate hike in March.This belief is shared by most economists today, Noting, however, concern Yellen strong dollar, high corporate credit costs and lower commodity prices.

continue to monitor the official Fed officials, that their statements will significantly affect the financial activities of other major markets such as Europe, Australia or Japan.


Japanese wholesale prices fell by 3.1% in January compared with a year earlier, continuing now the 10th consecutive month of decline, as a consequence of the deceleration of the Chinese economy and the problems of oversupply, veuschego to lower prices for oil and other commodities, said Wednesday the Bank of Japan.

corporate goods price index amounted to 100.1 against the 2010 standard at 100 points, the central bank said in a preliminary report.The decline also observed in revised to 3.5% in December data.

Prices for oil and coal industry fell by 20.1% compared to the previous year due to lower demand in China and the lack of output adjustments to the oil-producing countries.

Prices for non-ferrous metals fell as much as 13.8%, reflecting the decline in world prices on the background of risk-averse global moves, said the representative of the Bank of Japan.

In addition to growing the yen can push down wholesale prices in Japan in the future reduction of prices on the international market.

Among other products, the prices of iron and steel fell by 6.2%, while scrap prices have fallen by as much as 29.7%.

Meanwhile, the price of food and beverages increased by 1.3%

Export prices fell by 6.9% and import prices by 17.8%.

on monthly terms, the price index decreased by 0.9% in January, indicating now about eight months of continuous decline.