Forex Analysis

Mid-Term Review exchange rates 11/20/2015

Hello.Something trolls in the comments now completely boring, well, that even though the market is movement and there is that to consider tomorrow to trade the Forex market on 20.11.2015

Calendar anticipated events

11:00 Eurozone.ECB President Draghi
16:30 Canada.The base consumer price index (CPI) for October
16:30 Canada.The base index of retail sales for September


YuSDHFDaili 20112015

On USDCHF ran into a good resistance level of 1.02000 and bounced pattern formed rails.I will be a downward correction, as long it is not known, but is considered high to 1.0000.Sales do not see, becausethe trend is up.


USDSADDaili 20112015

On USDCAD fell back to the trend line and formed a small pin-bar.I should not expect continued growth.Transactions of purchase will look at the breakdown of 1.33000.


ERZhPIDaili 20112015

On EURJPY pattern Doji, at the level of support only in the form of level 132.00.Maybe this will end the correction and try to fall down and break the level of 131,000.Sales do not see, becauseto a level ver

y close.Purchases against the trend.

Fundamental analysis


chief economist of the European Central Bank (ECB) Peter Praet said that the central bank is prepared to implement fresh measures to stimulate increase in inflation in the euro area.

official said that interest rates remain the necessary "tools" with which the ECB may revive the muted inflation and bring it to the expected level.

Inflation expectations are only partially fulfilled subject to a number of necessary conditions to achieve its target level of 2%, but the implementation of quantitative easing measures proved insufficient to seize advantage of a number of other financial factors that have helped to stimulate the real economy of 19 countries in the bloc.External factors such as the slowdown of the global economy, a strong dollar and headwinds from China also continue to davalenie in the eurozone economy.

As for the prospects of rate cuts: such statements reinforce the belief that the central bank will cut the deposit rate at its meeting in December.During vcheoashnih trading the euro has appreciated by 0.76% against the dollar increased by 0.18% against the British pound and 0.11% against the yen .


BOE Politicians want to see a more balanced economic recovery relies on the production and export, as well as growth and demand for services in the internal market before they will raise interest rates for the first time since the financial crisis.

gauge of expectations for industrial production also demonstrates the fall in the rate of expansion of -6 to +5 in October, according to the forecasts of the Confederation of British Industry, points to the first drop since November 2012.

Sterling bordered on three-month high against the euro on Thursday, weighed down by muted data on retail sales in the UK, who were lying in standby basis, that interest rates will not rise in the near future.

After previously falling below 70 pence, the euro strengthened against the pound on Thursday at 70.25 pence, indicating a growth of 0.2% on the day.Sterling touched a three-month high at 69.82 pence on Wednesday.But against the dollar, where currencies are traded lower across the board, the sterling was half a percent to $ 1.5317, the most Vysk indicator for two weeks.However, analysts say that any dollar weakness will be temporary, and the downward movement was short-lived correction as traders took profits after the dollar hit a 7-month high on Wednesday against a basket of major currencies.


On Thursday, the Central Bank of Japan will adopt a new package of measures aimed at expansion of monetary easing program, responding to the drop in exports and the country's economy from slipping into recession.

Prime Minister Shinzo Abe in 2012, trying to revive Japan's economy through aggressive easing of monetary policy of the Bank of Japan.

Some analysts expect the Bank of Japan will be forced to expand its quantitative easing program by as much as much as 80 TLN.yen ($ 665 billion.) the annual plan of asset purchases to end deflation and chronic lower prices undermining the country's economy for many years.

Asked about the sequential decline in GDP growth, which in fact is the technical definition of a recession, the Bank of Japan head Haruhiko Kuroda assured that the country's economy is better than the data show that consumer spending remains "stable", and in general, the export is positive, thatIt indicates that the demand, ultimately increasing.