Hello. Below are a few recommendations for trading in the Forex market on 13.02.2020
On GBPUSD stood at 1,3000 and formed a pattern Doji. I think the correction here will end and will be followed by a continuation of falling prices. Consider here sale, with the expectation of the development of the down trend. Target 1.2800 barriers and below.
On EURJPY formed a pattern Doji after consolidation under a broken level 119,880. It seems that you should wait for further decline and the development of the down trend. Considering there are sales for purposes 117,62 and below.
- Nikkei 225 + 0,74%
- S&P/ASX 200 + 0,47%
- Shanghai Composite + 0,87%, The Shenzhen Composite + 1,60%, The Hang Seng Index + 0,87%
- KOSPI up + 0.69%
Asian markets rose on Wednesday unexpectedly favorable Outlook on the economy from the Reserve Bank of New Zealand. The regulator said the refusal rate cuts this year due to a sharp improvement in the macroeconomic indicators.
This morning traders await the speech of the head of the Reserve Bank of Australia and his views on the state of the economy of the region.
- S&P 500 + 0,65%
- NASDAQ + 0,90%
- Dow Jones + 0,94%
The American markets continued the growth led by positive economic forecasts Stephen Mnuchin.
Treasury Secretary addressed the Congress with a speech on the protection of the draft budget for next year, which reflects growth in the subsequent three quarters. Minuchin believes that the consequences of coronavirus will be minimal and will affect only the number of branches in the reports of the first quarter.
In the 16-30 will be released important news on US inflation and the number of jobless claims this week.
- DAX + 0,89%
- CAC40 + 0,83%
- FTSE + 0,47%
Speech by Christine Lagarde supported the growth of stock exchange’s shares – the ECB President assured investors that the Agency is completely switched from the policy of reducing interest rates on production tax incentives in EU member States. They will be implemented in the near future.
At 10.00 a.m. will be published the consumer price index of Germany – the only important news of the European session.