August
12
23:20
Forex Analysis

Forecast Forex market on 10/13/2015

Hello.The market is quiet and looks like it's time corrections.Let's look at charts of several pairs to trade tomorrow 13.10.2015

Calendar anticipated events

11:30 UK.The consumer price index for September
12:00 Eurozone.ZEW index of economic sentiment in Germany in October

USDCHF

YuSDHFDaili 13102015

On USDCHF reached a strong level of 0.9600 and formed a pattern of inner bar.It seems to break through the level of force is not enough, and we will go back up to the area of ​​0.98000.Sales guess is closed, and you can try to buy.

GBPUSD

GVPUSDaili 13102015

GBPUSD On the same inner bar area of ​​1.53500.I think should be considered only sales on the main trend down.Shopping at the moment is very questionable and I do not see them.

USDCAD

USDSADDaili 13102015

On USDCAD reached a level of 1.29000 and bounced pattern formed inner bar.I think in the near future will see a correction after a long fall.Maximum correction think is expected in the area of ​​1.32000.In each purchase enter at your own risk.I think the trend will be up dolamyvali

and will look for sales after the correction.

USDJPY

USDZhPIDaili 13102015

on USDJPY has absolutely do not want to deviate much from either 120,000.Soon, it seems no longer to be seen from the price level for the line.Transactions here still do not see, waiting for developments.The expected output of the triangle down to the side of the main trend.

Fundamental analysis

UK

About 23% of jobs outside London set a salary below the minimum subsistence level in 2014, compared with 19% in London, according to the Office for National Statistics.

living wage in April 2014 was £ 8,80 per hour in London and £ 7.65 elsewhere.That wage was established by the Fund a living wage and the mayoralty of the capital.

Since then, wage rates have increased to £ 7.85 per hour is London and £ 9.15 in the capital and are expected to rise further in the next month.

ONS data also show, that the number of jobs which pay less than a living wage rates increased significantly in the rate of 2014.

Last year, almost half of young people (from 18 to 24 years) were earning less than the living wage, taking up58% of jobs outside London.In the sphere of housing and nutrition services in 2014 about 65% of the jobs assigned wages below the subsistence minimum.

Japan

The government decided on Tuesday to begin a dialogue with business leaders , to persuade them to increase investment in as a priority of the Prime Minister Shinzo Abe protect the economy from fluctuations.

Dialogue will take place on a regular basis between Abe , his ministers and business leaders.Through him, the government also plans to ask for a higher salary, pursuing economic recovery led by the private sector investments.

This step is explained by intention Abe expand the nominal gross domestic product ¥ 600 trillion . to 2020 from ¥ 490 trillion. known as the « abenomics » - is now the plan is the second phase of implementation and includes three new measures.

Government intends to use the upcoming meetings to discuss with business leaders such policies as deregulation and reduce tax rates in exchange for the waiver of hoarding and the stimulation of investment activities entrepreneurs.

On Tuesday, Prime Minister meet with some representatives of the country's leading corporations, such as the chairman of the Japan Business Federation, also known as Keidanren , to offer cooperation.