Forecast currency market on January 20, 2016, EUR / USD
News forex traders today:
12.30 MSK. United Kingdom: Unemployment rate for November (the previous value of 5.2%, forecast 5.2%).
12.30 MSK. United Kingdom: Changes in the level of average earnings for November (the previous value of 2.4% 3m / y, forecast 2.1% 3m / y).
16.30 MSK. US: Consumer price index for December (the previous value of 0.5% y / y; the forecast of 0.8% y / y).
The forecast of the euro against the dollar today, EUR / USD 20.01.2016
Yesterday's report on China's GDP for the 4th quarter, came out slightly worse than the consensus forecast.However, in "risky assets" there was an increase, this has had a negative impact on share prices euro as currency funding. The depreciation of the euro, the dollar was temporary - forex players are willing to buy the euro on dips. Probably, the market has grown not because of, but in spite of. Data from China can not be too optimistic - economic slowdown obvious. Trading on the bond market indicate that today is possible to develop an upward trend. Differential profitability of US and German government bonds are still declining, it reduces the attractiveness of investing in the assets of States. In the second half of the trading in the US inflation report will be released in December. Despite a strong labor market (the reduction of unemployment and growth of average earnings), strong demand in the retail sector on the eve of the Christmas holidays were not observed, which indicates that the Americans have decided to save more than you spend. In turn, the growth of greenbacks with lower oil prices is traditionally a deflationary factors. FOMC at its last meeting pointed out that the expected low level of CPI at the end of 2015 - 0.4%. Taking into account these factors, now is wait for the data worse than the consensus forecast, which would deprive customers "for the dollar trumps.
Recommendations for the euro dollar today as traders is to buy a pair Buy's price fall 1.0915 / 1.0885 and 1.0978 at the close of the transaction.
The pound against the dollar today GBP / USD Forecast 01/20/2016
In the credit markets are still not generated signal to the correction of the downward trend: 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. Cross-rate EUR / GBP has been growing for the ninth straight week against the backdrop of both the positive statistics from the eurozone and weak data from the UK. Investors are buying any subsidence in the cross, that only reinforces the downward pressure on the pound against the US dollar.However, today in the afternoon, the British currency can demonstrate force. As noted earlier, the United States today will not be able to please the participants of strong inflation data and taking into account the positive release of CPI UK investors will regain this very short-term investment idea. In general, the differential inflation rates in both economies is still in favor of the United States and in this regard, a significant increase in British currency can not count.
Recommendations for the pound dollar pair: Today, the players of the Briton with the dollar worth waiting for trade sideways 1.4130 -1.4260.
The forecast of the dollar against the yen today USD / JPY 20.01.2016
Players forex pair yen dollar today in trading worth waiting predominance "bearish" for three reasons.
First, on the world's leading stock markets yesterday, the leaders of growth were the defensive utilities sector, this indicates a possible continuation of the flight of capital from the "risky assets". Reducing "risk appetite" has traditionally supported the demand for the Japanese yen as a funding currency №1 operations carry trade.
Second, the yield differential of US and Japanese government bonds once again reduced, increasing the attractiveness of investing in the assets of the rising sun.
Third, as noted in the second half of the session is waiting for the release of some of the negative inflation in the United States in December, which will support the demand for the Japanese currency.
Recommendations for the dollar yen pair today: On the forex traders trading the dollar with the yen should sell a couple Sell on price increases to the levels of 117.50 / 117.80 and target at 116.79.