Foreign Exchange Market Forecast January 11, 2016, EUR / USD
Forex news traders today:
It is not expected of important macroeconomic statistics.
The euro dollar today EUR / USD forecast for 01/11/2016
Labour market data in the US that came out on Friday at first glance may seem positive, but a detailed analysis indicates that a period of rapid growth of the US economy is coming to an end. Index Non-Farm in December amounted to 292 ths., Which is 40 thousand. Exceeded the consensus forecast. The data for November, revised upwards by 41 thousand., To the level of 252 thousand. In the fourth quarter in the United States created 851 thousand. Jobs - the figures are high, however, this figure is 12.6% less than in the same period in 2014. The industrial sector felt the worst, which for the year was created 30 thousand. Jobs, which is 86% less than in 2014. In the non-agricultural sector in 2015 it created 2.65 million. Jobs, which is 14.9% lower than a year earlier. Another macroeconomic indicator - the average salary in December remained unchanged, with investors growing by 0.2% predicted growth. On the bond market yields 2-year government bonds, which reflects investors' expectations for Fed rate decreased by 3 basis points Thus, the decline in inflation expectations, combined with the problems in China can make FOMC refrain from tightening monetary policy at a meeting on January 27 it would deprive the greenbacks strong support. Today, against the backdrop of a lack of significant news bids will be determined by "risk appetite".Decrease in quotations of most stocks and highly cross-rates signals the continuation of the closure of transactions carry trade, it is for the euro as a funding currency is a positive factor.
Recommendations for the pound dollar pair today: Player euros greenbacks worth buying a pair euro dollar Buy's depreciation to levels of 1.0870 / 1.0840 with a target at the level of 1.0915.
The pound against the dollar today GBP / USD forecast for 01/11/2016
Sterling first week of trading in 2016 closed in the "red zone", but Albion smooth devaluation of the British positive factor for the economy. The data on the trade balance in the UK once again point to the negative effects "of a strong pound": in November, the deficit amounted to 10.64 billion. Pounds, which is 1.08% more than in the same period in 2014. Cross-rate EUR / GBP for seven consecutive trading weeks demonstrates the growth of quotations, which adversely affects the pound dollar pair GBP / USD. Today, due to the absence of important macroeconomic statistics, players should pay attention to the debt market. The yield on British government bonds last week, trading was reduced from German and American, it reduces the attractiveness of investing in the assets of the United Kingdom, and will put pressure on the currency in Britain.
Recommendations for the pound dollar pair today: Player pound with the US dollar during trading on the forex market is a couple Sell on growth rate sterling to levels of 1.4570 / 1.4605 and a target at 1.4520.
The dollar against the yen today USD / JPY Forecast 01/11/2016
Strong demand for the currency of the country of the Rising Sun, supports capital flight from "risky assets".Stock indicators in Asia, Europe and North America over the past week lost more than 6%. favor the yen trend in the credit markets trend: the differential yields on 10-year US and Japanese government bonds reduced, which reduces the attractiveness to investors of investments in assets States. But to open short positions the current levels are not attractive, and reasonably wait for a corrective rally in the dollar, the yen.
Recommendations for the dollar yen pair today: forex trader greenbacks on the yen today, but the auction is to sell a couple Sell on growth rate to levels of 117.99 / 118.35 and 117.45 at Target.