Forex Analysis

Trading recommendations on 07/12/2015

Hello.For all couples started correction.Let's look at some of them and see what you can trade the Forex market on 7.12.2015

Calendar anticipated events

18:00 UK.Speech of the Bank of England Carney
20:30 US.Presentation by representative of FOMC Bullard


ERUSDaili 7122015

On EURUSD after a good price growth fell back to the level of 1.08500.Educated pattern inner bar, but it is certainly better to sell it is not necessary, because theparent candle is very big and still turns extraordinary.The correction may continue, but we can and do try to resume a long fall.Therefore, on this pair do not consider the transaction.


GVPUSDaili 7122015

GBPUSD On the same inner bar after a brief pullback 1.51000.Here, too, the opportunity to continue further correction to 1.50500, and then have the situation will look.


USDZhPIDaili 7122015

on a pair USDJPY continue bokovichok above the level of 122.34 and formed a pattern of inner bar.It looks like the price down is not allowed and should not expect continued growth and the tre

nd upwards.I consider for this pair purchase.


ERZhPIDaili 7122015

On EURJPY after a rollback to the level of 133,50 formed a Doji pattern.The possibility of subsequent growth further.You can try to buy, but I will not comment on the transaction.I do not like long and short candles kickbacks after them.

Fundamental analysis


Employment in the US increased a healthy pace in November, indicating the stability of the economy and, again, answering the Fed's initiative to raise interest rates this month.

Nonfarm Payrolls rose to 211,000 last month, said the US Department of Labor on Friday.In addition, the September and October data were adjusted, showing growth of more than 35,000 jobs than previously reported.

US dollar continues to strengthen against the euro on statements by European Central Bank President Mario Draghi on the need to deploy additional incentives program.The yield on the US Treasury has also increased, but later showed a drop after OPEC failed to agree on the limits of oil production.A strong US dollar and cost reductions from energy companies create a headwind for the national economy, and a separate report Friday by the US Department of Commerce shows a trade deficit in October, suggesting that exports reached a three-year lows.


On Friday, European Central Bank President Mario Draghi has once again reinforced investors' confidence that the central bank will increase efforts to support the euro area economy until the increase in inflation to its two percent target, if necessary.

The next day after Draghi announced his intention to mobilize additional incentives under the program of quantitative easing, the ECB president said he remains confident of a return to a two-percent inflation "without undue delay".

Recall that on Thursday the ECB provoked acrobatics in the stock markets, reversing the downward course of the euro, after the announced reduction of interest rates, which were lower than investors expected.The bank has lowered its key interest rate on deposits by a modest 0.10 percentage points to -0.30%, than prolong its bond buying program until March 2017. Many economists agree that such an initiative, however, is not strong enough to resist the deflationary pressure on the economy of the euro area.


Minister of Economy and Finance of Japan Akira Amari said on Sunday that the real growth of the gross domestic product for the period July-September, is expected to be revised down to 0% -0.8% on an annualized basis.

Cabinet plans to release revised data on GDP for the July-September on Tuesday.In a preliminary report in mid-November, a government agency reported that seasonally adjusted GDP in Japan in the second quarter of fiscal 2015 decreased by 0.2% compared with the previous three months, or by 0.8% year on year, falling for the second consecutive quarter.

Nevertheless, the yen continues to feel insecure in the market, mainly due to deflationary pressures and slowing economies of developing countries, creating significant risks for the movement of the target inflation rate.