Forex Forecast October 27, 2015 EUR / USD
Traders in the euro paired with greenbacks took profits on short positions, and the EUR / USD The EUR / USD closed trading this background a plus of 0.3%. Pound / dollar BP / USD after the release of negative data from the US sales of new buildings in the US in September also closed wolverines 0.35%. Dollar currency in the pair with Japan USD / JPY on the background of investors closing operations carry trade, which caused demand for the yen as a funding currency lost 0.35%.
Important events forex today:
12.30 MSK. UK: Preliminary data on changes in GDP for the 3rd quarter (previous value of 0.7% q / q, the forecast of 0.6% q / q).
15.30 MSK. US: Change in orders for durable goods in September (the previous value of -2.0% m / m forecast -1.1% m / m).
17.00 MSK. US: Consumer Confidence for October (the previous value of 103.0 outlook 102.5).
Forkes. EUR / USD EUR / USD forecast for today 10/27/2015
Today, in the first half of trading on the forex Nick important macroeconomic statistics is expected, against this background, to bid on the euro to the dollar will affect the dynamics of the stock and debt markets. Yesterday in the credit markets the yield on 10-year German government bonds rose to the British and American counterparts, which is positive for the euro. On the world's leading stock markets yesterday, there was a moderate correction, although the demand for "risky assets" probably will still be maintained. In this regard, before trading in the US should not expect the euro / dollar trading side. In the second half of trading on the foreign exchange market investor's pay attention to the statistics from America. Data on orders for durable goods, it is likely that the positive will come delight of traders. The upward trend in the labor market contributes to an increase in household spending. Car sales in the domestic market increased in September, on the secondary market, there was an increase in sales of housing. Thus, private consumption expenditure increased, signaling the demand for durable goods. The report on consumer confidence from the Conference Board may also be a pleasant surprise. The index of consumer sentiment from the University of Michigan in October rose to two-month high, and today we can expect a positive trend and by CB. Positive macroeconomic data support the greenback.
Recommendations for the euro / dollar: Today traders in the first half of the session is to open sales of EUR Sell on price increases to 1.1077 / 1.1110 and the target 1.1010.
Euro dollar levels: support levels 1.1017 - 1.0958 and resistance levels: 1.1051 -1.1096.
Forex. GBP / USD GBP / USD forecast for today 10/27/2015
Today, traders sterling main event will be the release of the output of UK GDP for the third quarter. Probably today, forex market participants should wait for the report on the level of consensus. In the third quarter there was deceleration of the growth rate of the service sector, and this sector is the basis of the British economy.The manufacturing sector also showed a decrease compared to the previous quarter, according to the PMI data from Markit Economics. The negative is also a gradual reduction of the state budget, which reduces the multiplier effect in the economy. Do not leave without attention and the increase in the trade deficit on revaluation of the pound against the euro, which is traditionally a negative impact on economic growth.Although it is not so bad in England. Unemployment is declining, the average salary and taking into account the premium increases, it promotes an increase in household spending, which ultimately mitigates the negative past from the above mentioned factors. At its last meeting on monetary policy the Bank of England also noted that the expected growth rate of GDP of 0.6%. On the debt market on Monday, the yield on 10-year British government bonds declined to the German and American counterparts, which reduces the attractiveness of investing in the assets of Albion. Lower oil prices, too, should not be ignored. Yesterday Brent lost 0.84%, that for the dollar is a positive factor, as the cost of raw materials denominated in US greenbacks.
Recommendations for GBP / USD Traders today should open sale lbs Sell on price increases to 1.5392 / 1.15425 and the target at 1.5315.
The levels for the pair GBP / USD: Support levels: 1.5351 - 1.5315 and resistance levels: 1.5382- 1.5427.
Forex. Dollar / Yen USD / JPY forecast for today 10/27/2015
Today, dollar traders with the yen are three reasons to buy the pair, to build up long positions.
First, today is probably worth waiting for moderate growth of quotations on the world stock markets.Investors are still willing to open long positions after the ECB meeting on 22 October. The increase in carry trade operations will put pressure on the Japanese yen as a funding currency.
Second, as noted, from the United States today, we can expect the release of positive data that will help to increase the yield differential of US and Japanese, it will support the currency States.
Third, the commodity market also can not forget about the "bearish". Industrial metals and oil prices pulled down the index for a CRB, which is positive for the greenback as commodities denominated in US dollars.
Recommendations for the dollar / yen: Today traders pair dollar / yen is to open buy Buy's price cut to the 120.73 / 120.33 and 121.40 on the take.
Levels of dollar / yen: support levels: 120.73 - 120.36 and resistance levels: 121.37 - 121.84.