Forex Analysis

A brief overview of the market on 02/03/2016

Hello.Below is some advice on forex trading on 3.02.2016

Calendar anticipated events

12:30 UK.PMI
16:15 the US service sector.Changing the number of people employed in non-agricultural sector
18:00 US.index of business activity in the non-manufacturing sector
18:30 US.Crude oil reserves


YuSDHFDaili 3022016

on USDCHF pair remained near the level of 1.02000 and the continued pattern of inner bar.I think that we will see continued growth in the coming days to at least 1.03000.In the open transactions preponderance of sellers that may contribute to the continued growth.


GVPUSDaili 3022016

on a pair GBPUSD looks out from the outset for the level of 1.4400 and also formed the inner bar.I think to speak of a possible trend reversal and start to slowly buy.


NZDOSDaili 3022016

On NZDUSD pair once again did not let the price below the level of 0.64500 and formed the inner bar.I would like to see continued growth to 0.67000, and maybe higher.I consider buying this pair.

Fundamental analysis


Asian stocks suffered from the global environment concerns the influence of a sharp drop in oil prices on the global economy, and the reduction of jobs and the reduction of investment in the energy sector.

In Japan, the Nikkei 225 index lost 3.2% to close at 17.191.25.South Korea's Kospi eased by 0.8% to 1.890.67.Hong Kong's Hang Seng was down 2.6% to 18.936.25, while the Shanghai Composite fell 1.1% to 2.719.99.The Australian ASX 200 fell 2.3% to 4.876.80.Markets also suffered in Taiwan, Southeast Asia, India and New Zealand.

Investry concerned about the side effects of the oil price decline, while the large energy companies cut jobs and investments.Falling prices also added fuel to the fire of the economies that are struggling with deflation, in a time when China and the US show signs of hesitation growth.Nevertheless, some analysts believe that eventually decline in energy prices will lead to economic growth, as the disposable income of consumers can be increased to several trillion dollars.


US Brent crude slipped down 22 cents to $ 29.66 a barrel on the New York Mercantile Exchange.Futures slid by $ 1.74, or 5.5%, to close at $ 29.88 a barrel in New York on Tuesday

Dow Jones Industrial Average index thus lost 295.64 points, or 1.8% to 16.153.54 Tuesday, and S & amp;P 500 fell 36.35 points, to 1.9% to 1.903.03, while the Nasdaq fell by 103.42 points, or 2.2% to 4.516.95.

US dollar fell to 119.53 yen from 120.81 yen yesterday.The euro has grown slightly to $ 1.0928 from 1.0925.


A euro grew on positive data from the labor market, testifies to the fact that unemployment in the euro zone dropped to its lowest level in four years in December, despite concerns over a slowdown in the global economy.

Eurostat, the EU statistical agency said that uvroen unemployment in the 19 countries of the euro zone fell to 10.4% from 10.5% in November.

This means that 16.75 million people are out of work now, in less than 49,000 in November.However, for the 28 members of the European Union unemployment rate remained unchanged at 9% in December.

Among member states Greece and Spain continue to lag behind, holding the highest level of unemployment in the region, more than 20%.

Czech Republic and Germany have, in this case, the lowest unemployment rate of 4.5%.Although the German authorities, using a different method of calculation, released internal data on the unemployment rate of 6.3%, it was revealed earlier on Tuesday.