Free Forex Analysis for 11.26.2015

Free Forex Signals for 11.26.2015

Today’s Currency Movers

The GBP has come under pressure; the pound has underperformed against the majors after a dovish BoE speech is helping to drag the GBP lower. BoE governor, Carney said that the low interest rate environment is likely to remain for some time, while his colleague, Haldane said that inflation risks were “skewed materially to the downside.”

The USD trades mostly higher; the economic numbers for the US have continued to be positive and are assumed to be supporting USD buyer interest. Home sales are up, consumer confidence is up and durable and durable goods orders don’t look bad.

The JPY has performed better than other G10 currencies. The USDJPY pair post a 9 day low at 122.25, The course of BoJ policy is somewhat unclear, but there is a good chance that it will make a further monetary expansion. The BoJ next meets on policy on Dec-18, after the December meetings of the ECB and Fed.

The AUDUSD is lower across the board, after a drop off in Private Capital Expenditure q/q at -9.2% vs -2.8% expected and -4.4% previously, pointing to a slowdown in economic conditions as businesses are not expanding their capital base.



Price made a downward penetration of the upwards sloping trend line, starting on 2nd of October. However, Stochastic found below 20 levels indicates that price may move further upward. Current price is holding above it’s current daily 50 SMA with price seen as consolidating around the 185 area, the failure to build a new base near the 185 levels may signal that recent highs at 188.80 may have been the daily top of the market leaving open the possibility for a return towards 183.88.


Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.

“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.