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Forex forecast for 02/15/2016: Players of the currency market to buy a couple of pounds a dollar!
The foreign exchange market on February 15, 2016, EUR / USD
News forex traders today:
02.50 MSK. Japan: Change in GDP for the 4th quarter (the previous value of 0.3% q / q, 1.0% y / y; the forecast -0.3% q / q, -1.2% y / y).
US - bank holiday.
The euro exchange rate against the dollar today EUR / USD forecast for 02/15/2016
During the day, we should expect the development of the side trend. Firstly, no important macro statistics published in the day will not.
Second, in the United States today, a bank holiday in the second half of trading traders waiting for illiquid trade.On the last trading day of last week there was an increase of quotations on the "risky assets" on profit taking on short positions. However, this does not mean that the "bulls" now fully control the situation on the world's leading stock exchanges. The S & P500 is now close to the minimum level, and in the last six trading weeks "bears" have made two attempts to break through this area. While these actions were not successful, however, in case of breaking the psychological level of 1800 in S & P500, we see a new wave of sales "risky" assets and the strengthening of the single European currency. The only thing not in doubt is the fact that significant growth of quotations of the single European currency, we do not see. At the end of 2015 the volume of industrial production in the euro area decreased by 0.31%, compared with growth of 0.47% a year earlier. European industrialists extremely beneficial to strengthening of the euro and the ECB, this factor will certainly understand.
Recommendations for the pair euro dollar today 02.15.2016 : Player euros greenbacks worth waiting for the flat today within the range 1.1220 -1.1320.
The pound against the dollar today GBP / USD Forecast 02/15/2016
During trading today, traders pound with bucks worth waiting predominance "bullish" sentiment. Firstly, on the bond market the yield on 10-year government bonds is increasing in relation to their counterparts from the United States and Germany, which increases the attractiveness of investments in British assets. In the second is on Friday, Brent crude potyazhelela by 10%, which traditionally has a positive impact on quotations of the British currency. This week the market of "black gold" has received positive portion. Crude oil reserves in the US Department of Energy data decreased by 0.75 mln. Barrels, for the first time in the last five weeks. Release from Baker Hughes reiterated the decline in the number of working oil drilling - this time recorded a decrease of 28 units, up to 439. The lion's share closed rigs account for horizontal drilling, which is used for the extraction of shale oil. In my view, until the end of the month we should expect growth of quotations of Brent to $ 36.5 / barrel.
Recommendations pair pound dollar today 02.15.2016 : Players should buy the pair Pound Dollar Buy's price decline to 1.4480 / 1.4450 and take profit at the level of 1.4545.
The dollar against the yen today USD / JPY forecast for 02/15/2016
During the day we can expect the development of the upward corrective movement. Country of the Rising Sun will publish today a report on Q4 GDP, which no one expects surprises. Reduced household spending and a negative trade balance indicate a reduction of economic growth. Industrial production, which has traditionally been used as a cyclical indicator, showed a decrease of 0.91% and this is against the background of "low base", as well as there was a decrease by 1.01% in the third quarter to the fourth quarter of 2015. Weak data will put pressure on the Japanese yen, forcing the bears continue to take profits on short positions. Investors are well aware that now it is better to get out of "shorts" because the strong appreciation of the Japanese currency, which is observed from the beginning of the year, will have a negative impact on Japanese exports, which can remove the monetary authorities to take additional measures. Recommendations for the pair dollar yen today 02/15/2016 : The players on the dollar against the yen is worth buying a pair USDJPY buy on dips to 112.90 / 112.50 and take profit at the level of 113.70.