Hello.Let's see what's on the Forex currency market on 7.10.2015
On USDCAD seems to have decided to break the uptrend.They went down to the lateral movement, at the same time last updated local minimum.In junior TF it has been a correction back to the border, and I think will continue to fall further.But then again there is a dangerous moment for the sales, it is a good chance to get to the correction after 5 days of declines.Therefore, the sale of gently enter.
On NZDUSD similar situation only seems to break the upward trend.Now there is no signal for the transaction, but I think the correction in the area of 0.6400 will be an occasion for shopping.
On USDJPY pattern inner bar.The pattern in the vicinity of the upper boundary of the triangle and above it near the level of 121,000 by that time and again fought back.Who trades within the day, can look to buy with the objectives of 121.00.I'm from the transactions on this pair abstention, to a clear situation.
International Monetary Fund reduced forecasts for global growth in the pace of this year
According to the IMF the growth rate decreased to 3.1% this month from 3.3% projected in July.The forecast for 2016, respectively, decreased to 3.6% from 3.8%.
The report also shows that the risks of further development of such negative dynamics are much higher than they were a few months ago.The most dramatic weakening observed in emerging economies, especially in Brazil, Nigeria, South Africa and Russia.
However, the IMF still predicts global economic growth in the long term, however, this is clearly the dim growth, particularly in the current year.
In developed countries, is expected to be seen more steady growth than in the past, what reflected a moderate recovery of the eurozone economy and the return of growth in Japan, although it is possible to speak so far only preliminary, at best.
legacy of the financial crisis makes itself felt in the long-term activities of central banks holding low or zero
interest rate, as well as in quantitative easing programs, which are conducted in the euro area and Japan.
legacy of the financial crisis makes itself felt in the long-term activities of central banks holding low or zero interest rates, as well as in quantitative easing programs, which are conducted in the euro area and Japan.
Emerging and developing countries continue to rely on the acceleration of global growth, but in general, they are slowed down as the fifth consecutive year for 2015.
Continuing to read the report of the International Monetary Fund, it is also important to note that the Fund downgraded forecasts for Canadian economic growth to 1% in the rate of the current year due to the impact of lower oil and commodity prices.
Prospects for Canadian GDP growth fell to 1.2%, the three provinces of the country when it is in recession.In general, as already mentioned, the Foundation, in its report on Tuesday, the eve of the annual meeting of the IMF and the World Bank, highlighted the risks to the world economy due to the economic weakness in China and low commodity prices.
«recovery this year takes place irregularly," says the IMF in its World Economic Outlook, meaning the ratio of improper growth of the developed countries and a slowdown in many emerging economies.
Canadian GDP was revised down by half a percentage point from its July rate of up to 1.2% this year and to 1.7% in 2016.
Meanwhile, the US, with more reliable production base is expected to grow by 2.6% thisyear and by 2.8% in the rate of the next year.
China, according to IMF estimates, expects the decline to a 25-year low of 6.8% this year.