August
12
23:20
Forex Analysis

The forecast movement in the Forex market on 10/19/2015

Hello.Below we explain a few interesting situations for Forex trading tomorrow 19.10.2015

USDCAD

USDSADDaili 19102015

On USDCAD pair broke through the level of 1.29000 and rolled to form a pattern inner bar.I will continue to fall and the pattern considering only sales.Purchases do not see, becausethey are against the trend.

NZDUSD

NZDOSDaili 19102015

On NZDUSD also formed the inner bar bounced off the level of 0.69000.I think to wait for correction down, and then continue to increase.The sale would recommend not to enter.On this pair will look for purchase after the correction.

EURJPY

ERZhPIDaili 19102015

On EURJPY formed a Doji.Rollback falling to a small level of 135.00.The situation is not clear.We can resume growth and try to break through the upper boundary outset.Or continue the outset and will continue to fall.I do not see the deal there.

Fundamental analysis

China

China's economic growth slowed to 6.9% in the third quarter, and the government's second-largest economy in the world, said on Monday that the global markets are conce

rned about its prospects.

Indicators of the National Bureau of Statistics were the worst in more than six years, although there have been at this a little above the average forecast of analysts.

As the world's largest seller of the goods and, in general, a huge market in itself, China is a key factor in the global economy and financial markets around the world are concerned about his future.

data Monday is the first official confirmation of the fears of investors about the Chinese GDP downturn because of the collapse of China's stock market during the summer, followed by the devaluation of the currency in August.

Last year, China's GDP increased by 7.3%, the slowest pace for the time since 1990, and by 7.0% in each of the first two quarters of this year.

Industrial production grew by 5.7% year on year, said the NBS.Retail sales, a key indicator of consumer spending, rose 10.9% in September.Investments in fixed assets expanded to 10.3% in the period from January to September.

Eurozone and US

Negotiators from the United States to resume negotiations with the European Union on Monday over a vast transatlantic free trade area.

11th round of discussions, which will take place in Miami will be devoted to the consideration of a list of significant differences on key trade issues between the two sides.

But all this has been going after Washington ratified the agreement two weeks ago with Japan, Canada and nine other countries.

Both the US and Europe are interested in a wide abolition of trade tariffs and non-tariff barriers, which is for them a relatively small problem, as between them and the taxes so low.

deal, but it can link two giant economy is home to 850 million. People and cover half the world's production.

Partnership Supporters believe that the transatlantic trade will give a strong impetus to global economic growth and job creation in particular.