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Latest News 20-01-2016 By FXFINPRO Capital

 

Forex forecasts

19.01.2016 - We are waiting for a signal to buy USD/JPY

The price of USD/JPY after a sharp decline was unable to gain a foothold below the level of 117.00, and as a result of the correction broke through the upper limit of the downward channel. In case of continued growth and overcoming the local maximum at 118.40, we recommend to open long positions with the upside potential to 120.20, 121.50 and 122.30. In case of resumption negative dynamics, the target level will be 116,00. Our medium-term outlook remains positive, and we are waiting for confirmation of a buy signal.

fxfinpro

 

Forex and CFD

 

19.01.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD has stabilized around the level of 1.0900 and currently approached the inclined support line and can be corrected upwards from it to 1,0985-1,1000. The breaking of this line and fixation lower than the local minimum at 1.0850 will be a signal to sell with the objectives at 1.0800, 1.0700 and 1.0550. We maintain a medium-term negative outlook, but today we can see the growth of price.

Nearest resistance levels: 1,0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0900, 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

fxfinpro

Currencies trading and British pound. The price of GBP/USD declines within the downward channel and now is consolidating around level..

 

Forex and CFD

 

19.01.2016 - Statistics from China deteriorated

Currency trading and the euro. The price of euro slightly changed yesterday because of celebration of Martin Luther King Day in the US. Today was published data on GDP and industry in China, which pointed to a slowdown in growth rates in the country, which may weaken the US dollar. The dynamics of trading today will also affect the statistics for the euro area balance of payments (09:00 GMT), the index of business sentiment and the consumer price index in the euro area (10:00 GMT). Investors will not rush to accumulate positions ahead of the publication of the report on inflation in the United States tomorrow, that will have a strong influence on the decision regarding the Fed raising interest rates in March. We maintain a medium-term negative outlook for the euro, despite a possible rise today.

 

fxfinpro

Currency trading...

 

Experts' opinion

 

19.01.2016 - China's GDP growth slowed to 6.8%

Today in China, was published block important macroeconomic reports, according to which GDP growth in Q4 2015 was 6.8% against 6.9% in the 3rd quarter, the volume of industrial production in the country rose by 5.9% in December compared with the same month of 2014, against growth of 6.2% in November. The volume of investments in fixed assets for the year rose in December to 10.0%, which is 0.2% less than in November. It is worth noting that analysts had expected faster growth in retail sales in December at 11.3% per year, but the growth rate slowed down to 11.1%. Despite the deterioration on the Chinese stock markets showed growth against the background of stabilization of the exchange rate of the yuan due to the restrictive measures by the PBOC for offshore banks. After a sharp fall, with high probability, we can see the correction of stock markets in China by 7-10%.

 

Source: https://fxfinpro.com

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