Currency market forecast for December 7, 2015 EUR / USD
News forex traders to note today:
10.00 MSK. Germany: Industrial Production in October (the previous value of -1.1% m / m forecast 0.8% m / m).
The euro exchange rate against the dollar today, EUR / USD forecast for 07/12/2015
NFP report released Friday indicates that on December 16 the Fed will raise interest rates. In the first two months of the quarter, the US economy created 509 thousand. New jobs, average earnings increased by 0.6%.These data should be seen as inflationary, it will suffice to FED to go to the first increase in the discount rate since 2006. Traders in the euro from December 16, and not wait for the continuation of a long-term reduction of quotations EUR / USD, until that time, a pair of side waiting for sale, buyers will try to lift the market higher.On Monday, there is such a significant event on Friday 4 December. It is necessary to highlight the report on industrial production in Germany in October. PMI released by the Markit index shows a moderately positive trend against the background of a low base last month, today is worth waiting for the increase in industrial production. But the reduction in industrial orders in August and September amid rising quotations of European currency will not allow to rely on the data output better consensus. On the debt market in the last two days last week, German government bond yields rose relative to the US, indicating that the prevalence of "bullish".
Recommendations for the euro / dollar: the euro today traders should buy an American couple Buy's decline the euro to 1.0840 / 1.0800 and 1.0898 on the take.
The levels of the euro / dollar today: support levels 1.0845 - 1.0808 and resistance levels: 1.0915 -1.0958.
The pound against the dollar today GBP / USD forecast for 07/12/2015
Traders on the pound against the backdrop of a lack of important macroeconomic data from England and the States today, it is worth continuing to wait for correction. On Friday, the British government bond yields rose in relation to German and American, which increases the attractiveness of investing in the assets of Albion, which will support sterling. Briton again strongly pressed through downwards (the quotes slipped by 3.3% last month), and taking into account the fact that before the meeting of the US Federal Reserve remains little more than a week - is a good time for the upward correction. Product market stabilization plays against the dollar, which had a positive impact on the British currency.
Recommendations for GBP / USD: Today, traders in the second half of trading on the forex worth buying the pound / dollar Buy's decline to 1.5080 / 1.5050 and 1.5130 purpose.
The levels for the pair GBP / USD: Support levels: 1.5101 - 1.5052 and resistance levels: 1.5169- 1.5206.
Dollar yen today USD / JPY forecast for 07/12/2015
Last Friday, Japan has reported an increase in the size of the average wage by 0.7% year on year, which exceeded the expectations of investors. Wage growth is an indicator of inflation, which traditionally has a positive impact on the currency. But market participants ignored this positive data - strong growth of quotations of the Japanese yen was not, indicating that the dollar yen pair in the presence of strong buyers. Rising optimism in the debt market against American assets: the yield differential of Japanese and US government bonds over the past three trading days increased by 12.5 bp, which will support the currency States. The US stock market closed last Friday, steady growth of quotations, the leaders of the sector of medicine, finance and high technology, which indicates an increase in demand for risky assets, it would put pressure on the Japanese yen as a funding currency.
Recommendations for the dollar yen pair: Players forex dollar against the yen is worth buying a pair of first half of trading USDJPYv Buy's price cut to the 122.75 / 122.35 and target at 123.20.
Dollar Yen levels for today: support levels: 123.00 - 122.61 and resistance levels: 123.60 - 124.12.