ADVERTISEMENT



Latest News 23-01-2016 by FXFINPRO Capital

 

Forex forecasts

 

22.01.2016 - ​We are waiting for the confirmation of a buy signal on USD/JPY

The price of USD/JPY has shown strong growth within the correction and approached the important resistance level at 118.40. The breaking and fixing of price above this level will be a signal for opening long positions with the stop below 116.00 and target levels at 120.20, 121.50 and 122.30. It is worth noting that in the near future quotes can resume the decline and return to the levels of 117.00 and 116.00. We expect a rise in prices and wait for confirmation of the signal for opening long positions.

 

Read More ..

 

Forex and CFD

 

22.01.2016 - ​Technical view

 

Currencies trading and euro. The price of EUR/USD has shown a strong increase in volatility within which reached the level of 1.0800, and overcame it, but soon corrected upwards to 1.0900. At the moment the price is reduced after fixing below the inclined line of support that was able to break through before. This fact is a signal to sell 1.0700 with the targets at and 1.0550. Growth of price in the near future is possible to 1.0900. According to our estimates, the price decline will continue in the near future.

Nearest resistance levels: 1.0900, 1,0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

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

 

 

Currencies trading and British pound. The price of...

Read More ..

 

22.01.2016 - Mario Draghi hinted at further monetary easing

Currency trading and the euro. The price of euro showed a strong level of volatility yesterday after ECB President Mario Draghi has hinted at a possible easing of monetary policy to fight the deflationary risks that are caused by low oil prices and fears associated with the development of China's economy. It should be noted that the statistics on the number of initial unemployment claims in the US disappointed investors. Thus, the figure increased by 10 thousand to 293 thousand. Today, the dynamics of trading will affect the speculations regarding a possible increase in the program of quantitative easing in the euro area, the statistics on manufacturing and service PMI of the Eurozone (09:00 GMT) and sales in the secondary market in the US (15:00 GMT). Our medium-term outlook for the euro remains negative and we expect falling prices in the near future.

 

 

Read More ..

 

Experts' opinion

 

22.01.2016 - The British pound corrected after a strong fall

The price of the British pound today shows strong growth in connection with the fixing of short positions after a sharp decline of the previous days. It is worth noting that today was published a weak data on retail sales in the country, which fell by 1.0% in December, after rising 1.3% in November. Analysts had expected a decline of only 0.3%. In recent years, statistics from the UK continues to deteriorate, which, together with the expected volatility ahead of the referendum on membership in the EU will continue to put pressure on the price of the British currency. We expect further price correction, but it is likely to be short-term and fall will resume.

 

Read More ..

 


Source: https://fxfinpro.com

Read 963 times

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Newsletter Subscription Form

You are more than welcome to subscribe to our Newsletter and be among the first who get to hear about regular updates on forex and other related news, brokers' updates, websites' changes and more!
I agree with the Terms and conditions and the Privacy policy
Thank you!