Forex Analysis

A brief overview of the forex market on 12/18/2015

Hello.Below is some advice on forex trading on 18.12.2015

Calendar anticipated events

09:30 Japan.Press conference of the Bank of Japan
16:30 Canada.The base consumer price index (CPI)


USDSADDaili 18122015

USDCAD The pair continued to rise without correction and passed the level of 1.3800.Those who did not manage to catch a deal within days at the break level, can only hope for a possible pullback back to the level and availability of signals in the form of purchases Price Action Patterns.I continue to consider buying and the next target in the area 1,41500-1,4200.


HAUUSDaili 18122015

for gold good absorption pattern in the level of 1082.18 area.From most of the participants in the indicator's purchases and looks forward to continuing the trend is down.Consider selling with immediate goals 1012.964.


SAGUSDaili 18122015

on silver as on the level of absorption of 14,000.I will continue to fall and the trend is down, and it would be good in the area of ​​12,500.Consider selling.

Fundamental analysis


wage growth slowed to the lowest pace since the beginning of the year, forcing the Bank of England has once again postponed the initiative of raising interest rates.

not counting premiums, salaries for three months up to October grew at the rate of 2%, which is even poorer data kompromisny most economists' forecasts.

Bank of England needs a strong signal on the labor market and the two percent inflation, to raise interest rates, which are still at historic lows at 0.5%

Yesterday, sterling fell along with other major currencies against the dollar, but stood against the euro, aspre-Christmas surge in retail sales in November acquitted another reliable economic forecast for the UK.Sterling was steady at 72.78 pence per euro, rebounding from a maximum of 72.33 pence immediately after the morning data.But while retail data are encouraging, many economists doubt that the rise against the dollar can be sustained today.


Yellen went on a desperate move to raise rates alone, while keeping the recession in production and the already strong dollar.

Cemetery global politics is strewn with central bankers, which raised interest rates too early, only to retreat prosle tipping their economies back into recession and underestimating the powerful deflationary forces in the world today.

European Central Bank raised interest rates twice in 2011, before the economy has reached "escape velocity" and many states had to proceed to the regime of budgetary austerity.The US Federal Reserve waited longer, and the circumstances in many ways turned out to be favorable.Four years of budget cuts and financial burden, finally ended.Gosudarstennye and local spending will add stimulus of 0.5 percentage points of GDP this year.

US dollar stands at two-week high against a basket of other major currencies today.Commodity currencies suffered the most: the Canadian dollar close to 12-year lows, the Argentine peso fell more than 26.5% yesterday.US dollar index near 99,000, holding at 1.2% of growth on Thursday, the biggest in the past month.


Bank of Japan kept its main objective for monetary stimulus without any change, demonstrating confidence in the national economy, after data showing that the increase in capital expenditure, as well as business confidence, and job creation has exceeded expectations.

In other words, today the Bank decides to continue the expansion of the monetary base at an annual rate of ¥ 8 trillion.($ 650 billion.).

Minister Amari economy also pointed to the fact that the Bank does not need to rush to reach its goal of two percent inflation given the current pressure on the price of energy.

yen rose 0.5% to 121.93 per dollar, falling at the same time during the week.News Bank of Japan probably will add a positive signal for the currency, and maybe it will play a role in the beginning of next week.