Latest News 21-01-2016 by FXFINPRO Capital
Forex forecasts
20.01.2016 - The fall of the New Zealand dollar continued
Price of the New Zealand dollar after the correction to the level of 0.6500, renewed decline within which broke through level of 0.6400 and continued to decline. In case of further decline, quotations will reach the target level at 0.6250. We recommend keeping short positions with a stop above 0.6500. Growth in the near future is possible only within the correction. Our medium-term outlook is also negative.
Forex and CFD
20.01.2016 - Technical view
Currencies trading and euro. The price of EUR/USD rebounded from the inclined line of support and may soon reach the strong resistance level of 1.0985. Overcoming this mark will be the basis for further growth to 1.1050. The confirmation of the signal for opening short position will be breaking the sloping line of support and fixation below 1.0850. Our medium-term outlook remains negative, but the current growth may continue today.
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
Currencies trading and British pound. The price of GBP/USD fixed below the level 1.4310 and after reaching the upper limit of the downward...
20.01.2016 - Low inflation in New Zealand may force the RBNZ to lower interest rates
Currency trading and the euro. The price of euro resumed its rise against the US dollar amid falling oil prices. Statistics from China showed a slowdown in GDP growth and industry, but also led to speculation about stimulus measures from the authorities. Basic consumer price index in the euro area remained at 0.9%. Index of business sentiment the euro area in January fell to 22.7, against 33.9 in December. Today we expect a strong price movement after the publication of the report on the Consumer Price Index in the US (13:30 GMT). In addition, the course of trading will affect the data on the labor market in the country (13:30 GMT). Our medium-term outlook for the euro remains negative, despite a likely continuation of the current growth today.
Currency trading and the British pound....
Experts' opinion
20.01.2016 - We expect a further fall in prices of NZD/USD
Today, the price of the New Zealand dollar showed a strong decline after the publication of the report on the consumer price index, which in the 4th quarter fell by -0.5%, against growth by 0.3% in the third quarter. The annual inflation rate fell to 0.1%, against 0.4% in the third quarter. It is worth recalling that the target range for the consumer price index is 1-3%, and to achieve it the Reserve Bank of New Zealand may reduce interest rates, which, together with the strengthening of the US dollar will lead to the continuation of the negative dynamics. We expect a further fall in price to 0.6250 and 0.6000 in the near future.
Source: https://fxfinpro.com/
