Forex Analysis

Analytical forecast for 01/28/2016

Hello.Below is some advice on forex trading on 28.01.2016

!!!On 01.29.2016 the review will not be because of technical reasons.

Calendar anticipated events

12:30 UK.GDP q \ q
12:30 UK.GDP r \ r
16:30 US.Basic orders for durable goods
18:30 US.The index of pending sales in the real estate market


YuSDHFDaili 28012016

on USDCHF pair approached the 1.0200 level and formed the inner bar.The level is quite good, but judging by the number of units sold, far into the correction will not come in the near future will see continued growth.


NZDOSDaili 28012016

On NZDUSD stuck between the levels of 0.6500 and 0.6400 and formed absorption.I think you can try to consider the sale after the breakdown of 0.6400 based on the continuation of the downtrend.


USDZhPIDaili 28012016

On USDJPY remains in place and formed a Doji.Perhaps the price below 118,000 and will not be allowed to continue and the trend will not see down.But I think the purchase of climb is not worth it, becauseon top of a fairly good level.


GBPZhPIDaili 28012016

on GBPJPY another inner bar at the level of 170,000.Probably still will resume falling and will continue to trend down.Moreover, customers are more and more.I consider this pair only sale at the moment.

Fundamental analysis


US Federal Reserve has kept interest rates unchanged yesterday, continuing to "closely monitor" the global economic and financial developments, waiting for the right moment to the next tightening of monetary policy.

Committee decision on the monetary policy of the central bank is widely expected after months of immersion the US equity and global equity, and now causes a sharp concerns about the probability of the fact that the global slowdown could impede US growth.

Fed staff said that the economy is still standing in the way of moderate growth and strengthening of the labor market, "gradual" increase in rates, which indicates their ozobochennosti situation in the world, but does not cover the prospects of further tightening in March.

Wall Street sank after the announcement, S & amp; P 500 closed with a decrease of more than 1%.Prices of US Treasuries were mixed, while the dollar continued to fall against a basket of major currencies.

Today, the Fed conducts a policy of balancing markets, as far as possible commensurate influence the decisions of one of the most powerful central banks in the global markets and domestic growth prospects.And even the fact that inflation rates and favorable labor market opens up the possibility of the US central bank to raise rates now, could not get the politicians to play against the external market.Even 4 extra reading we expect this year, many investors are betting on the fact that in the framework of financial 2016 the interest rate will be increased by one-quarter percentage point.In March, the forecasted another increase.


BOJ officials still have not decided on further easing.

Some officials of the Bank do not fully understand whether their leaders will add a new stimulus package this week.

staff continue to closely monitor the economic data and market dynamics, until January 29, when a decision will be taken.

Forecasts for inflation, meanwhile, deteriorated, given an even greater immersion in oil prices dimming prospects for rapid progress in the growth of base salaries.Officials also noted that capital flight from the world markets do not severely hurt the Japanese economic indicators and that the wage negotiations that have been conducted since the spring, has not yet ended.

Head Bank Haruhiko Kuroda has retained its ability to surprise the market after his last trip to Davos last week to influence the reduction of the effects of recent shocks affecting the economy of Japan.The Council was faced with one of the most difficult political meetings, as Kuroda took the reins of the Board of the Bank of Japan for almost three years ago, against the backdrop of a reversal increase in the yen and the profound impact of falling oil prices on inflation.

Most economists close to the problem agree that the chance of increasing the incentives on January 29 certainly there, but only loosely corresponds to the state of affairs in the market and will be most beneficial to crank this scenario in April.Meanwhile, the yen fell to 0.18% at 23:00 GMT, trading at 118.71 with a slight (-0.07%) weakening of the yen against yesterday's close.Important signals a reversal may serve except that positive data from the labor market and industrial production, which is unlikely to date.