Foreign Exchange Market Forecast December 8, 2015 EUR / USD
News forex traders today:
02.50 MSK. Japan: Total current account balance for October (the previous value of ¥ 1468.4V outlook ¥ 1659V).
12.30 MSK. UK: Industrial Production in October (the previous value of -0.2% m / m forecast 0.0% m / m).
13.00 MSK. Eurozone: Refined data on changes in GDP for the 3rd quarter (previous value of 0.3% q / q, the forecast of 0.3% q / q).
The euro dollar today EUR / USD forecast for 08/12/2015
Today the market is in the midst of trading in Europe will be released revised data for the euro zone GDP for the third quarter. Reports on household spending and industrial production for September came out negative, that today does not rely on output data better consensus. In the period from July to September, the unemployment rate fell to 0.3%, although a positive macroeconomic effect will manifest itself with a time lag in the third quarter, the Eurozone economy will not get strong dividends. Do not leave without attention and the oil market. Yesterday, the two grades of oil showed a decline in quotations by 4% - the peak sales fell at auction in the United States. But European currency has ignored the negative to the commodity market, and in the afternoon had grown by 0.3%. This trend confirms the hypothesis that expressed earlier that the euro for some time, entered a phase of correction. In this regard, the purchase of which is open on the eve retain and build them on pullbacks.
Recommendations for the euro / dollar: Today, forex traders in the euro is worth buying a pair in the first half of the day Buy's reduction of quotations to the levels of 1.0840 / 1.0795 and a target at 1.0898.
Levels 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 08/12/2015
Players in the currency market for the sterling paired with Americans today should pay attention to attention to the output of the report on industrial production for October in England. Release Markit business climate in the manufacturing sector points to yield positive data. In October PMI peaked in the last 16 months, with increased growth in manufacturing output. While strong growth in industrial production should not expect, in view of the negative balance of industrial orders according to the British Confederation of Industrialists. Against this background, it is necessary to wait for the release of slightly better than the consensus forecast, which will support the quotes British. But capital flows on the bond market indicate that the strong growth rate today is not to have to wait. The yield on British government bonds is reduced in relation to the German and American, which reduces the attractiveness of investing in the assets of Albion.
Recommendations for the pair GBP / USD: Today, traders in the second half of the session is to buy a pair GBPUSD Buy on reducing the levels of 1.5050 lbs / 1.5020 and 1.5100 on the objectives.
The levels for the pair GBP / USD: Support levels: 1.5052 - 1.5026 and resistance levels: 1.5101- 1.5169.
The dollar against the yen today USD / JPY forecast for 08/12/2015
Players on the dollar with the yen on the forex trading today is worth waiting for the predominance of sellers, for three reasons.
First, today, traders may be positive to please Japan. Strong data on current account transactions in October to reassure market participants. In October, the trade surplus amounted to 111.5 billion. Yen, marked by capital inflows into stocks and bonds of the rising sun in the amount of 3.30 billion. Yen. In September, capital outflows from equities and bonds amounted to 3.19 billion. Yen.
Secondly, on Monday the yield differential of Japanese and US government bonds declined, increasing the attractiveness of investing in the assets of Japan.
Thirdly, yesterday in the financial markets traders close positions in "risk assets" that will support the demand for the yen as a funding currency.
Recommendations for the pair USD / JPY: Today, in the first half of trading traders should sell the pair USDJPY Sell on price increases to 123.40 / 123.61 and closed at 123.03 transaction.
Dollar Yen levels for today: support levels: 123.00 - 122.61 and resistance levels: 123.60 - 124.12.