Forex Analysis

Daily Forex Analysis for 04/09/2015

Hello.Below is some advice on forex trading on 4.09.2015

Calendar anticipated events

15:30 US.Changing the number of people employed in non-agricultural sector (August).Forecast:. 220 thousand \\ Prev .: 215 thousand
15:30 US..The unemployment rate for August.Forecast: 5.2%.\\ Prev .: 5.3%
15:30 Canada.Employment change in August.Forecast:.. -4.5 Thousand \\ Prev .: 6.6 thousand


USDZhPIDaili 4092015

on a pair USDJPY price has formed inside the second candle pattern inner bar.Probably continue to fall after the correction to the level of 120.763.The transaction is recommended to go by the rules of the pattern.


GBPZhPIDaili 4092015

on a pair GBPJPY price breaks the level of 184.275 and rolled formed a pattern of inner bar.I will continue to fall and the trend is downwards.The transaction is recommended to go by the rules of the pattern.


EURAUDDaili 4092015

On EURAUD pair price again screwed to the level of 1.57727 and formed a pattern of inner bar.Perhaps the end of the correction and try to resume the uptrend.T

he transaction is recommended to go by the rules of the pattern.

Fundamental analysis

Eurozone, the European Central Bank (ECB) cut its forecasts for inflation for 2015 and the following two years.

ECB expects inflation in the euro area will remain "very low" in the course of the coming years-skid, making a threat to economic growth.

ECB President Mario Draghi said that Europe's economic recovery will continue, albeit 'within the framework of weaker-than-expected pace. "

euro fell sharply after ka Mr. Draghi hinted that the bank may expand its program to stimulate the European economy if necessary.

He said as well that the ECB will keep its key interest rate on hold at 0.05%.

ECB expects economic growth in the euro area by 1.4% in 2015, compared with 1.5% and 1.7% in 2016, relative to the previous projection of 1.9%.

However, Mr. Draghi said the risks to the outlook for economic growth and inflation have worsened since mid-August, when the forecasts for the coming downtrend euro were calculated.

«Lower prices for commodities, as well as a strong euro, which is slightly below the global economic growth, provided a risk to the sustainable movement of inflation to 2%," he said at a press conference in Frankfurt.

euro fell sharply after Draghi's comments, to 1.1127.

He also admitted that inflation can create a number of negative trends for the euro zone economy in the coming months.

expected inflation rate will be 0.1% in 2015, according to the ECB's opinion, predicts inflation of 1.5% in 2016 and 1.7% in 2017, weakened by low energy prices.


Business investments in April-June increased by 5.6% on an annual pace.

Capital expenditures of firms rose by 5.6% compared with a year earlier, in the April-June quarterly growth year on year, the Japanese government said on Tuesday, indicating a continued recovery of business investment.

growth of 5.6%, however, went counter to economists' forecasts for 8.8% gain.This suggests that the economy has decreased significantly with respect to the initial estimate of the reduction of 0.4%, says Marcel Teliant, an economist at Capital Economics.

Business investment in non-financial sector, in particular aimed at sectors such as the construction of factories and purchase of new equipment totaled ¥ 9.04 trillion., Reports the Ministry of Finance.

Based on the trend of quarterly calculation, business investment, with the exception of software costs, decreased a seasonally adjusted 2.7% compared with the period January-March, the first time in four quarters, the ministry said in a report.

These data will affect the figures measure the economic growth of the country, in the revision of the GDP figures from the Office of the Cabinet of Japan, scheduled for September 8.

preliminary report on GDP, released on August 17 shows a decrease in the annualized rate of the economy by 1.6%.