Forex Analysis

Overview of the situation in the forex market on 06/11/2015

Hello.The market in anticipation of tomorrow's news.And let's take a look below at a few situations for Forex trading 6.11.2015

Calendar anticipated events

12:30 UK.The volume of production in the manufacturing industry in September
16:30 US.Changing the number of people employed in non-farm payrolls in October
16:30 US.The unemployment rate for October
16:30 Canada.Employment Change for October


ERUSDaili 6112015

On EURUSD reached a fairly strong level of 1.08500 and formed a Doji pattern.Maybe start a correction to the area of ​​1.1000 and then try to break through the level.Shopping is the pair do not see, I recommend the sale to close in whole or in large part.


NZDOSDaili 6112015

on a pair NZDUSD price correction start up and established a pattern of inner bar area 0.66000 level.Perhaps even rising slightly upward, but forward to the continuation of the fall and consider selling.


ERZhPIDaili 6112015

On EURJPY pair formed the inner bar continues to move below the level of 133.500.I look forward to

the continuation of the fall and consider this only a couple of sales.


GBPZhPIDaili 6112015

on GBPJPY vsetaki resumed falling and formed absorption.The next obstacle on the way in the area of ​​184.500 and from the need to have to watch the situation.Transactions on this pair is not considered.

Fundamental analysis

Eurozone economic recovery in the European Union and the euro area will continue at a moderate pace next year, the EU report forecasts.

total economy 28 European Union countries promised to increase by 1.9% in the current year rate of 2.0% in 2016 and 2.1% in 2017. At the same time, the economy of 19 countries of the eurozone is expected to expand by 1.6% this year, 1.8%in the following and 1.9% in 2017.

EU said that currently contribute to growth factors such as low oil prices and a weak euro.Also another factor called the attempt of the European Central Bank to stimulate the economy as part of the program of quantitative easing, implying a systematic purchase of bonds.

Nevertheless, the EU report also stresses that new challenge to the growth of the Chinese economy was slowing and emerging markets, as well as geopolitical tensions.

UK the Bank of England cut the growth prospects of the UK economy in the light of early rate cuts.

Forecasts for the first change in interest rates since 2009 have been superseded intention of the Bank of England to hold the process.

Bank said that the prospects for global growth have been weakened, which negatively affects the growth of inflation.While the Bank expects that inflation will rise above the 2% target in two years, he stressed that the prospects are more likely to the downside within this period.In other words, the inflation rate could be delayed for a longer period than official forecasts of the Bank.

Many economists believe now that the Bank rate will not grow until the second quarter of next year, or even later.Committee on monetary policy of the Bank of England, led by Mark Carney, voted 8-1 for keeping rates unchanged.UK holds key rate at record low levels for six and a half years.