August
12
23:20
Forex Analysis

Technical analysis of the Forex currency market on 09/25/2015

Hello.Today is a day rich in Ping-bars, but the overall situation has not changed too much.

GBPUSD

GVPUSDaili 25062015

on GBPUSD pair as expected price stopped near the 1.5200 level.After Doji pattern correction can begin up to 1.53500.You can try to enter into the purchase, but I would not, not sure about the debt increase.Sales should be considered after the break and consolidation below 1.5200.

USDCAD

USDSADDaili 25062015

On USDCAD attempted pass 1.3400 and go beyond the outset, but was unsuccessful.Formed pattern Pin Bar.The transaction is not included.The signal against the trend.Those who traded intraday, can search inputs in sales with the targets to the lower limit of lateral movement.

GBPJPY

GBPZhPIDaili 25062015

on GBPJPY as Ping-bar and the support he has only round level of 183.00.The purchase here think you should not go, becauseagainst the trend, and I think it will only be a small correction upwards.A bearish signal for sales yet.

AUDUSD

AUDOSDaili 25062015

On AUDUSD is also pin-bar on the round price level 0.7000.The trend is definitely down,

why not consider buying.

EURAUD

EURAUDDaili 25062015

Well, the last bar on the Pin-EURAUD to the closure of a candle within the triangle.I look forward to fall to 1.57302, and the further development of the situation.From transactions should be abandoned.Sales against the trend, but there is no buy signals.

Fundamental analysis

Eurozone Economy Eurozone slowed in September, which contributed to a decrease in demand from the Asian partners and, consequently, slower growth of available jobs and reduce production.

slowdown takes place on the background of the debate about whether the European Central Bank to expand its quantitative easing program, which will allow the stimulation have a greater impact on inflation and economic growth in general.

Composite Purchasing Managers' Index, expressed based on an analysis of thousands of businesses, and is considered a good guide for growth, demonstrating 53.9 in September, compared to 54.3 last month.At the same time, the majority of economists had forecast a drop to 54.1.

Export Asia is under pressure, which reduces the overall demand.Fears that China's economy is rapidly cooled, as well as currency devaluation, frightened financial markets in the past month.Shares of both markets fell.

manufacturing PMI also fell to 52.0, while the forecast reported 52.3, growth of export of goods slowed.As a result, the sub-factory index fell to a four-year low.

Japan

The growth of Japan's economy, according to government data, there is also slow.

In its monthly report for September, released on Friday, the government acknowledged some weaknesses, such as the export sector, stating that the economy is recovering, "moderated."Overall rating was slightly more pessimistic than a month ago, when the government first announced that the pace of economic recovery will be uneven.

While corporate profits have increased, and even improved working conditions, consumption remains at a low level.There also has been some slowness.The rise in prices of essential commodities declining consumer savings.

Signs of weakness in the global economy, coupled with the recent sharp sell-off in stock markets around the world, including the markets of Japan, contributed to a number of speculations that forces the government to review and supplement the program of further economic stimulus.

In other words, in a report released on Friday, the government raised its estimates on corporate profits, while reducing the assessment of business sentiment.

US

US still aims to increase interest rates this year, said the head of the Federal Reserve Janet Yellen.

head of the central bank said that inflation is stable and, in general, a strong US economy, able to increase the number of jobs, so the conditions meet the right to increase interest rates.

Speaking at the University of Massachusetts, Ms. Yellen said the US economic outlook "have a solid foundation."
Commenting on the recent decision of the Federal Reserve - not to raise interest rates in September, the central bank chief referred to the destabilization of the financial and economic markets due to global economic shocks.

World Bank recently urged developing countries preparing for possible financial turbulence, when the Fed eventually raise rates.

Bank said that it would be an obstacle to capital flows to developing countries that will hurt economic growth and financial stability.