Forex Analysis

A brief overview of the forex market on 03/11/2015

Good evening.Let's see what interesting things happened today in the Forex market.

Calendar anticipated events

06:30 Australia.The decision of the RBA's interest rate (November)
12:30 UK.index of business activity in the construction sector in October
22:00 Eurozone.ECB President Draghi


GVPUSDaili 3112015

on a pair GBPUSD price returned back to the level of 1.55000 and formed a Pin Bar.All my past sales povybivalo to breakeven, but at this point I will again search for sale in anticipation of continued price decline and the trend down.


GBPZhPIDaili 3112015

on GBPJPY formed a Doji pattern bounced off the level of 187.00.Maybe we will go down again, but I will refrain from selling.Below we formed something similar to the double bottom and may continue to rise after a small correction.Buy will be after the break 187,000 on a pullback to the level.


USDSADDaili 3112015

On USDCAD formed an inside bar after the breakdown of 1.31000.I continue to consider this only a couple of sales and expect the trend down.The tran

saction can be entered according to the rules of the pattern.

Fundamental analysis


UK manufacturing sector showed its best month in a year in October, official data showed.

Manufacturing Index showed 55.5 compared with 51.8 in September.Recall that any figure over 50 suggests expansion.And the results were significantly better than expected, indicating the highest index of manufacturing activity in June, 2014.

pound rose after the publication of the review by 0.2 cents against the euro and 0.4 cents against the US dollar.

This activity is due to productive fright producers at risk of a real recession, pursuing production since the beginning of the year, and now can significantly contribute to the stimulation of economic growth in chetertom quarter.


Estimates of the European Central Bank, four Greek banks have a total deficit of 14.4 billion in capital. Euros, which is less than the maximum of 25 bln. Euro allocated to rekopitalizatsiyu banks within the last program to save the country.

test results of Greece's banking sector performed better than expected, and require less cash injections than originally anticipated.

ECB President Mario Draghi said that the central bank is ready to do everything to support its medium-term outlook for inflation, with the aim of weakening enabling the program in December.


US central bank last week made it clear that almost certainly going to raise rates in December.Recall that the Fed will keep rates at near zero levels since December 2008.

Consumer spending, which accounts for over two-thirds of US economic activity, rose 0.1% in September, after rising 0.4% in August.

The annual rate of consumer spending reached 3.2% in the third quarter, GDP growth amounted to 1.5% at the same period.Consumption has increased by more than 3% in each of the last two quarters.However, growth in the third quarter was limited by the strong dollar and the continuing reduction in the costs of energy companies.

Related Posts