Hello.Below is some advice on forex trading on 9.10.2015
On EURAUD pair after the breakdown level of 1.57302 and the exit of the triangle formed is not entirely correct pattern Pin Bar.I think to the further continuation of the trend change and will consider selling.The next target for sales 1.52403.
On EURJPY formed another candle inside candle pattern maternal inner bar.Support in the form of a pattern in the level of 135.00.I should not expect continued growth to the level of 137,000.Sales by the pattern are not considered.
UK Bank of England holds interest rates again at a record low of 0.5%.
Monetary Policy Committee voted 8 to 1 in favor of the retention rates at the same level.UK interest rates currently remain unchanged for more than six years.
central bank said that the price pressure on the UK labor market has grown too slowly and gradually returns inflation to 2% and that it also does not exceed 1% until the spring of 2016.Inflation ho
Despite the fact that consumer spending in the UK remained stable, being backed by the growth of wages, the budget deficit at the same time was above average.
politicians speculated quite relaxed about the problems of developing countries, saying that we have not enough evidence to show that the slowdown in growth in emerging markets will have a significant pressure on the economies of developed countries.
US trade balance increased significantly in August rate due to low commodity prices, a strong currency and softer foreign demand for exported goods.Official data showed that in the third quarter of this year, the rate of net exports will slow down gross domestic product of the United States.
deficit shows an increase to $ 48.3 billion. In August rate, which is 15.6% more compared to the previous month.Exports of goods and services decreased by $ 185.1 billion, showing the lowest level since October 2012.
What is the reason so weak exports?Industrial machinery and oil saw the lowest level since the autumn of 2010.In general, exports of manufactured goods fell by $ 35.2 billion. Exports of consumer goods and cars, too, slipped.
However, exports of services increased to its highest level against the background of growth of sales in the US financial services and travel (expenses of foreign visitors to the United States are considered to be exports, while US visitors spending money in other countries form the imports) to $ 60.6 billion.This suggests that the demand for the American experience and entertainment remains strong, which is quite a positive sign for the economy.