Forex Analysis

Candlestick Forex Analysis for 11/12/2015

Hello.Let's see what interesting for Forex trading tomorrow 11.12.2015

Calendar anticipated events

14:00 Russia.Interest Rate Decision
16:30 US.The base index of retail sales
16:30 US.PPI


ERUSDaili 11122015

on EURUSD pair price is slightly rolled and formed the inner bar.I think it is a small correction and will try to continue to grow further.I consider for this pair purchase.


YuSDHFDaili 11122015

pair USDCHF at the same situation in the level of 0.99000 and the area formed the inner bar.You can try to consider selling, but do not forget about a fairly strong level of 0.98000.


GVPUSDaili 11122015

on GBPUSD pair formed a Doji on the level of 1.51500.Several things indicate greater likelihood of continued growth.But I still refrain from buying becausein the way of price trend line, and we can resume the downward trend of it.


USDZhPIDaili 11122015

On USDJPY waiting to exit the outset upstairs did not materialize.Today, we formed inner bar.It seems necessary to wait for the correction to the maximum 122,500-123,00, and

then continue to fall.Enjoying the situation and will consider selling with the expectation of a trend reversal.

Fundamental analysis

US dollar rose sharply against the euro yesterday, reached the day before rebounding from a one-month low as markets shifted to the expected increase in interest rates by the Fed.

euro slipped 0.8% against the dollar, coming back from the 1.1% gain made on Wednesday, after the ECB comments that European policy came to discrepancies with the United States with respect to oil.

Investors believe that the central bank will tighten monetary policy, while the ECB by contrast, weaken.However, the reduction in the interest rate of the deposit from the European Bank was less than expected, and comments Nowotny renewed fears that the ECB is not able to take further easing measures.The dollar index against six major currencies rose by 0.6% to 97,945.And most likely, and that a strong dollar - is the prospect of the next few days, until the rate decision next week.


UK looks more and more dependent on domestic demand, supporting its economic recovery, as official data showed on Thursday that the trade deficit widened more than expected in October, and reached a new record high.

Robust domestic demand has strengthened the pound this year has led to a rapid increase in the annual rate of imports, while the slowdown in the global economy severely crippled British exports.

trade deficit rose to 11.827 billion. Pounds to 8.802 billion. Pounds, which is much higher than the highest forecasts of economists.Excluding oil, the October deficit was the largest since its inception in 1998.

However, the UK economy is still ready to again lead the developed economies with strong consumer-oriented growth this year, but the policy is likely to be looking for a more balanced recovery, before taking a decision on interest rates, which are still held on the recordlow levels, counting on an increase in exports and manufacturing activity in the beginning of 2016.But at the moment the pound is firmly tied to domestic demand and consumer spending in particular.

briefly about the events of this week

ongoing fourth consecutive day drop pushed major stock indexes to two-month lows, helped by a bounce in oil prices, as well as the dollar, and a fair share of the market uncertainty.

European shares teetered on the brink of three consecutive days, and Wall Street has lost four consecutive days, mainly due to pressure on the futures price of S & amp;P and Dow.

dollar rose as traders waiting for interest rate increases in the United States took advantage of his monthly fall.This, in turn, took the wind out of the sails of resurgent euro, while the Swiss franc rose to a one-week high against the euro after the Swiss National Bank left interest rates unchanged.

Oil continues to fall.Brent and WTI rose and fell, and then rose again slightly to bring $ 40.44 and $ 37.33 per barrel, respectively, which, in other matters, not far from the seven-year lows.

And this despite the fact that the oil found support after US stocks fell for the first time in 11 weeks and after 20% growth in car sales in China, the second oil consumer in the world, increasing hopes for a strong demand in the coming months.

Perhaps now the oil stabilization, if it happens, it will help push yields on US government bonds, but in Europe the yield German bonds touched the lowest level in two years, due to the frustration of investors ECB policy last week, that does not rule out further easing from Frankfurt.