Forex Forecast October 2, 2015 the EUR / USD
On the eve of every major forex pairs held in the trading day flat. The euro exchange rate in tandem with the US currency EUR / USD on negative data from the US on the business climate in the manufacturing sector from the ISM closed in plus 0.14%.Sterling exchange rate with the US dollar the GBP / USD amid rising government bond yields in Britain in relation to their German and US counterparts closed by growth of 0.09%. The dollar against the currencies of the countries of the Rising Sun. USD / JPY Despite the closure of carry trade deals at auction in the United States closed the day in the field of zero.
Events Forex today, to be brought to the attention of:
11.30 MSK. United Kingdom: PMI index for the manufacturing for September (the previous value of 57.3, forecast 57.5).
15.30 MSK. US unemployment rate in September (the previous value of 5.1%, forecast 5.1%).
15.30 MSK. US: Change in the number of non-farm payrolls for September (the previous value of 173K; forecast 202K).
15.30 MSK. US: Changes in average hourly wages for September (the previous value of 0.3% m / m forecast 0.2% m / m).
Forex forecast of the euro against the dollar EUR / USD today 02/10/2015
For forex traders, the main event today will yield data on the labor market in the US in September. In the euro dollar to trade in the US traders should wait for the flat, as market participants rush to open positions before the news will not. It is said that of the three key leading indicators index of Non-Farm in the presence of only two 4-week average of primary and secondary applications for unemployment benefits, and employment in the private sector by ADP. Employment in the service sector of the ISM, which is the most important leading indicator for the Non-Farm, will be released next week. Against this background, build forecasts are now quite hard. Indicators ADP and claims for unemployment benefits indicate that employment growth can be expected in the range of 200 -220 thousand. Moderately positive data support the greenback, as the growth of employment and average earnings will strengthen inflation expectations in the United States. Given the fact that the Eurozone CPI again approaching the area into a deflationary traders no choice but to buy dollars. Yesterday in the debt market there was a reduction of profitability of German government bonds relative to their British and American counterparts, and for the single currency is also a negative factor. Do not leave without attention and the oil market. Yesterday's trading Brent again reached the level of $ 50 / barrel, where the active large sales that pushed through quotations to 48 pieces. Lower oil prices will support the green paper the US, as its price is denominated in dollars.
Forex recommendations for the euro dollar (EUROUSD): Today, for trading on the currency market, the euro dollar pair is to open sales Sell the growth of the euro against the dollar to 1.1215 / 1.1250 and target at the level of 1.1145.
Levels euro dollar today: support levels 1.1155 - 1.1096 and resistance levels: 1.1216-1.1269.
Forex forecast the pound to buck the GBP / USD today 02/10/2015
Today in the first half of trading forex, traders pound against the American predominance is worth waiting for buyers.
First decline in unemployment and increase in average earnings in Britain caused a strong demand for mortgage loans at the end of August. In August, it was issued a little over 71 thousand. Loans, the highest level since February 2014. Against this backdrop, today you can probably wait for the report on the construction sector PMI index slightly better than the consensus forecast that the pound will be a positive factor.
Second, the British government bonds yields rising to their competitors from the US and Germany, which increases the attractiveness of investing in the assets of Albion. In this regard, before trading in the US should not expect a smooth smooth growth of currency in Britain. Next, however, the greenback will try to compensate for the lost ground. As already noted, probably from America today is expected to release a moderately positive data on the labor market, which will support the demand for green.
Forex recommendations on the pair Pound Dollar (GBPUSD): Today, the pound dollar pair for trading, traders should not expect sideways trading range 1.5095 -1.5215.
The levels for the pair GBP / USD: Support levels: 1.5101 - 1.5052 and resistance levels: 1.5169- 1.5206.
Forex forecast of the dollar, the yen USD / JPY today 02/10/2015
Today, the dollar yen pair will dominate newsflow mixed. On the one hand, volatility in stock markets contributes to the demand for the Japanese yen as a funding currency. Report on the movement of capital in the stock market in Tokyo again indicates an increase in demand for bonds. Investors in Japan continue to increase the share of bonds and reduce the proportion of shares in their portfolios. Differential yield of US and Japanese government bonds is reduced, which also reduces the attractiveness of investing in the assets of States. On the other hand, today the US labor market is waiting for positive data that support the green paper States.
Forex recommendations for the pair dollar yen (USDJPY): Today, for trading on the dollar the yen traders waiting for trade in a sideways range 119.20-120.40.
Support and resistance levels the dollar, the yen today: support levels: 119.29 - 118.98 and resistance levels: 120.09 - 120.36.