Forex Analysis

Technical picture on forex instruments on 01/14/2016

Hello.Below is some advice on forex trading on 14.01.2016

Calendar anticipated events

15:00 UK.Interest Rate Decision
15:00 UK.Minutes of the meeting of the Monetary Policy Committee


ERUSDaili 14012015

As noted in the comments, the level of 1.08500 is dear to me as a memory of childhood, but nevertheless lower than the price it's not allowed to form a small 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.


USDZhPIDaili 14012016

On USDJPY went to a small correction and also formed a patterning a good strong support there, but I think I will continue to fall to below 116,000.I continue to consider selling this pair.


HAUUSDaili 14122016

for gold clear and beautiful pattern there, but the price rebounded from the level of 1082.18 It seems going to continue to grow, eventually expanding trend.I think it makes sense to look for purchase within the day at a younger peri


Fundamental analysis


Asian markets reacted to the weakening of the US market fall

Asian markets fell on Thursday after a sell-off in the US on Wednesday.Index S & amp; P 500 fell by 2.5% on Wednesday, despite two days of gains, while the Nasdaq fell by 3.4%.Then, on Thursday, the CSI 300 index in China fell by 0.6%.The Shanghai Composite Index fell 1.1%, while the Shenzhen composite index was carrying a relatively small loss of 0.3%.

In Japan, the Nikkei 225 Index slumped as much as 3.8%, while the Hang Seng Index fell 1.6% in Hong Kong.

US Stocks approaching correction, indicating a decline of 10% increase from the recent highs.Chinese stocks, meanwhile, are on the same level as where they were during the riots on the market in the summer of last year, indicating that obstrennom attention of investors in relation to the risks posed by the slowdown in the Chinese economy.

In August markets were podovrany devaluation of China's currency and raised similar concerns affected markets at the beginning of this year, after China's central bank has lowered the value of the yuan against the dollar in a few weeks.

Weakening ended 8 January, in what the Chinese government only briefly reassured investors.On Thursday, the yuan has strengthened 0.2% to 6.5891, the resistance against market expectations for further depreciation.However, investors' fears are compounded as the prospect of a further increase in US interest rates, which could trigger financial instability and make exports less competitive means of strengthening the dollar.It also compresses the emerging markets which are already suffering from falling prices of oil products.

Oil prices continue to sink, answering slowing demand in China and the increase in supply arising, in turn, due to the increasing number of oil-producing countries.Analysts expect oil prices of up to $ 20 per barrel.Weakness also spread to other commodities.Brent fell below $ 30 a barrel on Wednesday before settling at 30.12.By midday Thursday in Asia, it is $ 29.90 per barrel.WTI traded around $ 30.57.


Japan will be able to sustain profits yen, says former deputy Kuroda

While Japan holds a breather, before the rise of the yen will become a serious problem for the economy, politics does not see a risk that it may jump too quickly by helpingpressure on the targeted inflation rates.

yen is trading around 120-125 per dollar will be the most "convenient choice" for Japan, said Takatoshi Ito, a former head of the Colegio Central Bank Haruhiko Kuroda.

yen rose more than 3% against the dollar last month, and took 117.00 late Tuesday in Tokyo on a background of turmoil in the financial markets of China and became a convenient tool for hedging.The shift gradually destroys one of the key achievements abenomics: the weakening of the yen, making exporters more competitive and supported efforts to stimilirovaniyu inflation.

Chapter BOJ Kuroda can still do something, if further consolidation will start to hurt the plans of capital expenditure and push down inflation expectations.The chances of further easing of monetary policy as very likely, if the data on the prices, excluding food and energy will crawl down.