Forex Analysis

Technical analysis trending tools on 01/20/2016

Hello.Below is some advice on forex trading on 20.01.2016

Calendar anticipated events

12:30 UK.The average wage, taking into account premiums
12:30 UK.Changing the number of applications for unemployment benefits
16:30 US.The number of building permits issued
16:30 US.The base consumer price index
18:00 Canada.Publication of the Bank of Canada report on monetary policy
19:15 Canada.Interest Rate Decision


GBPZhPIDaili 20012016

on GBPJPY pattern Pin-bar with a support at the level of 167,000.The expected correction of the level up, but judging by the number of buyers and what is happening on the chart should not expect continuation of falling.I continue to consider selling the pair only and expect to continue the trend down.


USDSADDaili 20012016

On USDCAD passed the level 1.4500 and formed a small Doji.After a long period of growth may start correction.But I consider for this pair is only a continuation of the trend of buying in bulk and selling it on the indicator to push.


EURAUDDaili 20012016

On EURAUD pair moving in the area of ​​the level 1.57302.It seems that a small correction to the previously penetration level is over and not wait for the trend to continue up and breakdown of the level of 1.61602.I consider buying for this pair.

Fundamental analysis


Chinese volatile stock markets lost more than 1% on Wednesday, although there were rumors of niminuemoy incentive policy, which should give the markets some support against the backdrop of oil prices fresh slip, hit the stock markets around the world.

Asian indices slid sharply down and Wall Street caught up with them later in today, after news that US crude oil prices fell an average of less than $ 28 per barrel for the first time since 2003, increasing the domestic US stocks.

By the end of the morning session, Shanghai Composite index sank 1.4% after a preliminary decline of 3.25% on Tuesday.

index of the largest industrial companies in Shanghai and Shenzhen CSI300 declined by 1.6%, after rising 2.95% in the previous session.

From yesterday, all expected that the People's Bank of China (PBOC) will be operational in order to ease monetary policy, but this has not happened.The Commerce Department said that foreign direct investment has also declined in the last month of the year, and China's foreign trade is facing a relatively strong pressure in 2016.Economic issues also continue to press the Chinese yuan, which fell down by more than 5% from August, encouraging destabilizing capital outflows.Yesterday, the NSC has established a solid middle of the currency to 6.5578 per dollar, based on the spot rate which may vary by 2%.Also, China's problems, combined with the fall in global demand for commodities has led to the fact that the International Monetary Fund cut its growth forecasts on Tuesday.According to IMF forecasts, the second of the world economy will grow by only 6.3% in 2016.

the International Monetary Fund, meanwhile

International Monetary Fund cut global growth forecast for the third time in less than a year on Tuesday, as new data from Beijing indicated that China's economy grew at the slowest pace in more than a quarter of a century2015.

Reserve forecast the IMF emphasized the sharp slowdown in China and weak trading commodity prices, which are now under the hammer leave from Brazil and other emerging markets.

Foundation predicts that the global economy will grow by 3.4% in 2016 and 3.6% in 2017, adjusting the previous estimate from October 2015 to 0.2% down.The IMF also advised politicians to consider ways to strengthen the short-term demand.

Updated projections reflect how tightly on the prospects for the world economy of China's slowdown, the forecasts for growth for which, however, remained the same.6.3% growth this year, a Jew, and 6.0% in 2017.

Today soft consumer demand in the United States and Japan, the weakness in emerging markets due to low commodity prices, and capital outflows from China are among the most pressing problems of global markets.

global recession is loosely defined as growth below 2.5%, which the world economy needs to keep up with the growing population.

Foundation said that the prospects for accelerating the recovery of the US economy darkened as stronger dollar weighs on production and the decline in oil prices, which leads to a curtailment of investment projects in the energy sector.Now in the US economic growth prospects were reduced to 2.6% for both 2016 and 2017, losing 0.2% from the October forecast.In Europe, the decline in oil prices will help support private consumption, according to the IMF, adding to the growth of the euro zone of 0.1% to 1.7% in 2016 and 2017.The global recession is loosely defined as growth below 2.5%, which the world economy needs to keep up with the growing population.