Hello.Below is some advice on forex trading on 1.12.2015
Calendar anticipated events
10:00 Eurozone.The unemployment rate for October
15:00 US.Construction spending for October (m / m)
15:00 US.Manufacturing PMI for November
On AUDUSD another absorption at the level of 0.7200.It seems there is a great probability of growth to 0.7400 or above.I consider this to buy a pair of the original purpose of 0.7400.
NZDUSD At the same absorption level of 0.65000.It appears below the price not allowed and will continue to rise.The first target for purchases of 0.67000, we will continue to look at the situation.
On EURAUD finished correction to the level of 1.46892 and formed a pattern of absorption.I continue to consider this only a couple of sales and expect to continue the trend down.
on GBPJPY pattern of absorption at the support level 184.500.It appears below the level of the price is not allowed and will try to renew growth and go back to 187,
for gold inner bar.What is he does not have strong support, and I think it's just a corrective movement.The maximum correction possible at 1084.70, but do not think to go there.I look forward to the continuation of the fall and considering only sales.
Aussie found support in fading expectations of a reduction in the interest rate below the current 2%, and, indeed, the last in this year became passive RBA decision to leave the rate unchanged.
Also, despite the fact that the price index of commodity CRB commodities fell by almost 7% in November, the Australian currency continues to rally.The main indicator of the strength of the underlying currency is its ability to grow even with the bad news.Moreover, due to the weakening of the currencies of the major partners in Australia, trade-weighted value of the Australian dollar actually rose substantially more.
In the past we have seen how hard the measures taken by the RBA stoked the national currency, and perhaps should not expect a repetition of the stories in the coming months.For this reason, it is quite possible imminent exhaustion of currency strength, with risk to the downside in 2016.
New Zealand Dollar
cool respond to the new trading environment.Thus, the index overcome the level of expectations of -2.6%, fixing the value to -3.7% in the third quarter of this year.This marked worsening of the greatest between the quarters of 2008 and a one-year minimum in absolute value.
next week of December will be decided on the key rate. policies of the central bank at the moment is highly dependent on the economic outlook, based on the agreed indicators.While the market is not fully confident in the decision on lowering rates on December meeting, but at least one slide we certainly expect over the next year.
liquidity Returning this week is definitely caused traders to wake up early.Given the dense data to news Monday, the main event was the inclusion of the RMB in the SDR basket, what currency reacted moderate rally immediately after the news release.But, nevertheless, the present impact this decision will have through the years and decades.Like it or not, this is an important milestone in the integration of the Chinese economy and the global financial system.
Similar jumps in volatility definitely indulge short-term traders, but the general direction of monetary policy and risk trends tied to external support, and that is where the real potential laid.