Currency market forecast for January 18, 2016, EUR / USD
News forex traders today:
USA - holiday, Martin Luther King Day.
The euro dollar today EUR / USD Forecast 01/18/2016
Euro nice to close the week, and today the euro traders dllar has a couple of reasons to wait to continue the upward trend.
First, on Friday 15 January in the euro area came out strong data on the trade balance, which has pleased players forex. Net exports in November increased by 23.6 bln. Euro, which is 17.4% more than last year. In October 2015, the growth of the trade surplus amounted to 7.58%. There is a faster pace of growth, it is a positive factor for the euro zone GDP. States on the other hand, negative retail sales for December disappointed traders. In December last year, sales fell by 0.1% compared with the previous month. It is worth noting that the growth rate of retail sales in 2015 amounted to 2.5%, against 3.42% a year earlier. Second, the yield on 10-year German government bonds on the debt market is growing in relation to the British and American, it increases the attractiveness of investments in the assets of the old world, and support the demand for the euro.
Recommendations for the euro dollar today as traders during the trading day, it is worth buying a pair Buy's price cut to levels of 1.0900 / 1.0870 and 1.0970 on the objectives.
The pound against the dollar today GBP / USD 18.01.2016
Today in America, output, and in the second half of the day forex trading will take place at low volumes. The release of important macroeconomic statistics is expected, and you should pay attention to the debt market.The yield on 10-year British government bonds is reduced in relation to the German and American, it reduces the attractiveness of investing in the assets of Albion, and puts pressure on the currencies of Britain. Strong growth in the cross-rate EUR / GBP on the back of positive macroeconomic data from the euro zone, only increases the pressure on the Briton paired with greenbacks.
Recommendations for the pound dollar pair: Today, players should sell a couple of pounds Sell on growth to levels of 1.4313 / 1.4350 and closed at 1.4263 Open a deal.
The dollar against the yen today USD / JPY Forecast 01/18/2016
Capital flight out of "risky assets" continues, thereby demand for the Japanese yen as a funding currency. The last trading day of last week's leading stock markets of Asia, Europe and North America completed in the "red zone": reduction of quotations ranged from 2% to 5%. Chinese Shanghai Composite Index this week has lost 8.95%. For the first two trading weeks of the year in China stock market dipped by 15.32%. Report on the inflow of capital into the Japanese stock market shows that investors are rapidly reducing their positions in shares and increase the share of their portfolios in bonds. Thus, at the beginning of the new trading week, we can again expect a decrease in "risk appetite" among investors that support the demand for the Japanese currency. Differential government bond yields declining US and Japan, which also increases the attractiveness of investment in Japanese assets.
Recommendations for the dollar against the yen today as traders is to sell at auction a couple Sell on price increases to the levels of 117.25 / 117.60 and 116.75 at Target.