Forex Analysis

The first review of the Forex market in 2016

Hello.Let's try to move away from the holidays and try to start working.Below is some advice on forex trading on 4.01.2016


YuSDHFDaili 4012016

On USDCHF formed a pattern of absorption bounced off the 0.9900 level.The trading day closed around 1.0000 and it is stopped from shopping.I think in the near future, some time later down again and will try to continue to grow.While I refrain from transactions, but with a good development of the situation will seek purchase.


GVPUSDaili 4012016

passed on GBPUSD support level 1.48000.I look forward to fall further to 1.46000 and the continuation of the trend down.I continue to be considered for this pair only purchase.


AUDOSDaili 4012016

On AUDUSD pattern Doji.The pattern formed at the level of 0.73000.The level is not very strong, maybe a little revise down, but overall I think the growth will continue in the area 0,73500-0,74000.While I continue to consider only the purchase.


USDZhPIDaili 4012016

on USDJPY is not quite correct absorbance after correction to the level of 120,500.I shoul

d expect to continue falling in the area of ​​119,000.I continue to be considered for this pair in the sales side of the trend.

Fundamental analysis


weak oil market already poised for a recovery in 2016, opening up the potential for growth in oil-producing countries, the chief economist at the Bank of Canada on Friday.

surge in oil prices will open the potential for oil and currencies, particularly the Canadian dollar, which is also closely linked to the US economy accelerates at the moment forced takeoff.

Canadian dollar fell by 20% this year against the US dollar on a background of defeat in energy prices sent the oil price down by 40% this year.

Currently, WTI and Brent traded at multi-year lows around $ 38 a barrel, due to an excess prelozhenie and weak demand, respectively, as well as due to the position of OPEC tvedoy 30 million with respect to the production standards. Barrels per day.
Despite the decline in the overall bleak pespektivu prices artificially low at the present time due to the end of the year collected sales taxes.


Industrial production in Japan fell for the first time in three months in November, according to government data released on Friday, due to the fact that manufacturers have begun to cut production after a few months of active development.

fall of 1.0% occurred after rising 1.4% in October, more than double compared to the average economists' forecasts of 0.4%.

key part played in decline companies engaged in production of industrial equipment and machinery business class.Production of chemical industry and vehicles also fell.

shipments fell 2.5%, while inventories rose 0.4%.The companies expect that production will grow by 0.9% in December and 6.0% in January, according to a government report.Meanwhile, retail sales fell by 1.0% in the year, indicating the first decline in two months.

Japanese manufacturing companies obviously treading water, waiting for the signal from the stable market for growth and now and then reducing or vice versa, increasing capital expenditure and production volumes.This process may continue for a long time, but the Cabinet has already undertaken a number of initiatives related to fiksalnoy policy and it is possible that already in the first months of the new year in the national production will gradually dominate the balance, and then a steady growth, mainly due to a soft tax policy.This balance is necessary for the government to increase aggregate supply, and hence demand, and traffic to the target inflation rate of 2%.