For Traders

Analytical Reviews

26.08.201509:52 Forex Analysis & Reviews: Global macro overview for 26/08/2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Global macro overview for 26/08/2015:

The People's Bank of China (PBOC) hast cut the main interest rate for the fifth time since November 2014 overnigh and the equity sell-off might be stopped at least for now. The market participants must now wait and see if this government directed easing policies will make any difference for the world's second largest economy. On the other hand, the Fed funds are pricing a 21% chance of a Fed rate hike in September, which is down 29% from 50% chance before last Thursday's FOMC meeting minutes release. The Chinese stock market turmoil and overall troubles are postponing the rate hike in the US to at least December 2015.

After a five-day decline, the US Dollar Index has found a needed support and closed above the level of 93.13 yesterday. Currently, the golden trendline is being tested from the downside and only a sustained breakout back above the 95.00 level would put bulls back into the game.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.