Forex Analysis

Analytical review of the Forex market on 01/15/2016

Hello.Let's see what you should pay attention to when trading in the Forex market 15.01.2016


ERUSDaili 150120166

price of EURUSD continues to move in the area of ​​the level of my childhood 1.08500 and formed a Pin Bar.The situation is still ambiguous.For shopping there are no signs of the trend upwards, and sales prevents the level 1.08500.Perhaps I observe the situation from without transactions.


GVPUSDaili 15012015

stopped on GBPUSD at 1.44000 and formed a Doji pattern.We can start in the correct area of ​​1.46000 after a long fall.Purchases against the trend is not considered in the sell signals yet.


USDSADDaili 15012016

On USDCAD pair came to the level of 1.44000.I think to see the behavior on the level of prices, asWe may go in and bounced downward correction.


NZDOSDaili 15012016

On NZDUSD down to the level of 0.64500 and formed a pattern Pin Bar.The level is quite strong and may begin to move up at least a correction.I think there is a reason to try to buy, despite the fact that the last days moved down almost recoilless


Fundamental analysis


dollar grew against the major currencies, pushing the Canadian dollar to a 13-year low.

This dollar is moving in a limited range against the euro, the yen and the Swiss franc.Yen crosses participation when it took a breather after recent sharp falls.

The markets are waiting for new signals after recent volatility.The Canadian dollar fluctuates near its 13-year low at 1.4388.Since the beginning of the new year Canadian continuously fell against the US dollar.Housing prices in Canada have increased, as expected, in November, mainly pushing up active markets in the most populated parts of Toronto and West index of housing prices (NHPI) rose 0.2% in November 2015, after rising 0.3% in October, according to Statistics Canada.

probably no positive signal to Canadians this week.At the beginning of next week, in the current economic conditions, the Canadian can find a stable level of resistance and a little stronger, but only to plunge again later to multi-year lows.


European market, meanwhile, digest minutes of the Board meeting of the European Central Bank, which showed that the Bank's management has supported the last round of adjustment of monetary policy, and some of them wanted to go to an even more ambitious measures.

Of course, the need to go for another round of quantitative easing - is initially quite weak and uncertain initiative ECB President Draghi that, in the conditions of a strong dollar, can only solve short-term problems, supporting more visibility of the economic recovery.At the same time, this practice can lead to a catastrophe in the future when the US Federal Reserve decides to once again increase the key interest rate.

US In the US, the number of Americans who have submitted an application for unemployment benefits for the first time during the week of January 9, rose to 284.000, exceeding the expected 275000.

Fresh deflationary impulse ashore the US economy in December due to falling pricesoil and imported goods in general.Prices of products shipped in the US fell by 1.2% in December, which is much lower than expectations of 1.4%.However, it is still one of the biggest monthly decline in four months.

in a Reuters survey of economists see an average of three rate hikes by the Fed this year, bringing the federal funds rate will jump to 1.00% -1.25% by the end of the year.

This greatly strengthens the dollar, but it will make many of the export of US goods uncompetitive in the markets.However, it is the most competent and balanced policy in the conditions of low global demand.As the saying goes, "there is a time to sow and reap and eat."

Japan In Japan, there is evidence that the Bank of Japan may consider cutting its forecast for inflation for 2016 fiscal year due to the fall in energy prices.

Representatives of the central bank raised the subject on 28-29 January and possibly revise down fiksalnye forecasts for inflation to 1% for 2016. Financial, in contrast to the early October projection of 1.4%.

low demand for goods, low energy prices, as well as weak consumer interest and capital expenditure largely undermine the pace of Japan's market movement to the target level of inflation, but the market is showing balanced and cautious recovery policy that has attracted many investors last twoweeks, forcing the latter to see in Japan, a specific instrument to hedge currency risks.