Forex Analysis

Forex Daily Report 01.12.2016

Hello.Below is some advice on forex trading on 12.01.2016

Calendar anticipated events

12:30 UK.The volume of production in manufacturing
17:15 UK.Speech by the head of the Bank of England Carney


GVPUSDaili 12012015

on GBPUSD pair fell back to a penetration level of 1.4600 and formed a Doji.I should not expect continuation of falling, despite the fact that for a long time going down without correction.Continues to consider the sale and immediate goal is 1.44000.


NZDOSDaili 12012015

On NZDUSD little not reached to the level of 0.6500 and bounced formed a small pin-bar.The level is quite strong and will probably go back to 0.6700.I think you can try to buy.


AUDOSDaili 12012015

On AUDUSD pattern Doji at 0.69500.the level of strong and I think we move him up, but for a long time or not will be clear in the area 0,7100-0,71500.There we will finish either correction or continue to rise to 0.74000.I will refrain from transactions and see the situation.


SAGUSDaili 12012015

for silver yesterday missed another pattern of absorpt

ion in the region of 14,000, and now formed a Doji.I would like to see a fall in the area 12,500, especially judging by the sentiment indicators that contribute to the bulk of which is in purchases.I continue to consider selling this pair.

Fundamental analysis


Chinese economic slowdown and financial turmoil continues to stimulate the panic cycle of decline and in much of the world markets, which are close to the escalation of the risk of a prolonged slump, political upheaval and financial losses.

South African currency, the rand, slipped on Monday after the sale of shares in China, which is the largest trading partner of the country.The economy of South Africa, as in many countries on the African continent, fueled by scarcity of natural resources in China, but the slowdown in demand now threatens to aggravate the food crisis.

In South America, the reduction in Chinese demand has led to a deep recession and talk of "the lost decade".Venezuela is faced with inflation in double or triple of numerical expressions.Brazil is experiencing a rise in unemployment, and the two countries at the same time experiencing political turmoil.

In addition, China's slowdown remains one of the most important factors of a massive fall in oil prices, which have fallen to 12-year lows of $ 31.56 per barrel of Brent on Monday.

For this reason, Saudi Arabia and Russia as well tepr significant stagnation tremors, wasting due to a reduction in demand of about 14% of the total supply.

United States economy, meanwhile, remains fairly isolation so far, although some industries that operate in China, have suffered.However, many economists warn that the deterioration of the Chinese economy could trigger a rise in the US unemployment rate in the mining and energy industries.

On Monday, shares in Shanghai fell by 5.3% and by 16% in the last six days.Analysts are not particularly concerned about the ups and downs of the stock market in China, because they have only a tangential impact on the economy right now, but they argue that the volatility underscores the deep fears that growth in China is worse than official statistics show.This means that emerging market currencies will suffer further, and commodity economy will also largely experiencing weakening.Meanwhile, it may be favorable news for the well-diversified currency like the US dollar or the Japanese yen, which has been growing for the second consecutive week, maintaining their attractiveness to hedge currency risks.


shock causes global markets, China has established a number of risks for the Australian dollar, but it is unlikely to lead to a significant weakening of it, says Westpac analyst Rob Rennie.

Australian dollar came under heavy pressure from the sales since the beginning of the year, starting with the movement of US73.00 ¢ to a four-month low of US69.28 ¢ on Monday, stabilize just below US70.00 on Tuesday afternoon.

Most recent weakness falls on pereoid after the Chinese government has established an unstable considered by many investors to guide the yuan, thereby triggering a panic in the financial markets.

Therefore, speaking about the risks for the Aussie, it would be appropriate to say more about the systemic risks arising from low prices for energy and raw materials, and lower conjunctural events such as the Chinese sell-off last week.The Aussie may experience corrective movement this week, against the backdrop of positive news from the agricultural sector and preparing for the publication of labor market data.