Forecast currency market on October 9, 2015 EUR / USD
In the forex market trading day was quite volatile greenbacks in the first half of trading on the back of strong growth in yields on 10-year US government bonds against their German, Japanese and British counterparts growing major currencies.But after the close of trading in London, market participants started active sales US greenbacks. In the last FOMC statement it noted that due to low inflation in the United States and a slowdown in global economic growth, monetary authorities are afraid to raise interest rates. Although not the first time there was a significant growth in the labor market. The euro exchange rate against the dollar EUR / USD closed at 1.1271 bids, the rate of sterling against the US dollar GBP / USD closed at 1.5350, and the dollar against the yen USD / JPY finished the day at 119.98.
Foreign exchange market forex Highlights today:
11.30 MSK. United Kingdom: Balance of visible trade balance for August (previous value - £ 11082M outlook - £ 10000m).
The meeting of the IMF
Forex forecast for the euro dollar EUR / USD today 09/10/2015
Yesterday, the ECB pointed out in the report on the downside risks to the inflation caused by the appreciation of the euro, lower commodity prices and weakening economic growth. For the second and third quarter of this year the single European currency rose to the green by 4.1%, and the monetary authorities of the euro zone this fact disturbing. The ECB also pointed out in the case of the need to increase the program QE. In this case, for the currency of a united Europe is not formed the most favorable background. Today, American and European release of important macroeconomic statistics is expected. In the United States today is the first day of the summit the IMF, although important announcements today, probably will not. Final reports will be released on the third day of the meeting, on Sunday, Oct. 11, when the forex market is closed. As forex traders today are no macroeconomic statistics - bidding for the euro in tandem with American will determine the dynamics of the debt and equity markets. On the credit market for the second day has been an increase of the differential yields on 10-year US and German government bonds, which increases the attractiveness of investing in the assets of States, and to support the US currency. On the stock markets of the Old World and North America yesterday observed the predominance of "bullish" sentiment that greenbacks as positive. International investors still a "risk appetite" that weighs on the euro as a funding currency.
Forex. Recommendations for the euro dollar (EUROUSD): Today, euro traders paired with green is open Sell position on the growth rate of the euro to 1.1305 / 1.1345 and a target at 1.1225.
Levels euro dollar today: support levels 1.1269 - 1.1216 and resistance levels: 1.1318-1.1373.
Forex. Forecast pound dollar GBP / USD today 09/10/2015
Today currency Albion left without drivers for continued growth.
Firstly, released October 8 minutes of the meeting of the Bank of England for the sterling against the dollar bears downside risks.
Secondly, the monetary authorities believe that inflation in the UK will remain below 1% until the spring of 2016. Slowing inflation is traditionally on the Forex market per pound.
In the third, the Central Bank of England pointed to slowing economic growth in Britain in the third quarter, which also reduces the attractiveness of investments in the currency of Albion. It should be noted that England is now pursuing a policy of reducing government spending, in the future also have a negative impact on the GDP figures. The debt market reacted to the protocol MPC is quite natural: the yield on 10-year British government bonds showed a decrease in their German and US counterparts.
Fourth, the goods market after the rapid price growth in the first half of the week now goes recession.The first turned down the industrial and precious metals, is now the turn of oil prices.
Forex. Recommendations for the pair Pound Dollar (GBPUSD): Today, for traders trading the pound is open Sell position on the growth rate of sterling to 1.5385 / 1.5420 and 1.5315 on the take.
The levels for the pair GBP / USD: Support levels: 1.5315 - 1.5271 and resistance levels: 1.5351- 1.5427.
Forex. The forecast of the dollar, the yen USD / JPY today 09/10/2015
Today, forex traders have two reasons to wait for the dollar to ieny predominance of sellers.
First, yesterday's economic data has caused the expansion of the yield differential of US and Japanese government bonds, which have a positive effect on the US dollar. Market participants were disappointed the weak data from Japan on orders for machinery and equipment. Throughout the summer there is a decrease in this indicator, which signals a slowdown in industrial production and negative impact on GDP. America is on the contrary, has reported a reduction in the number of applications for unemployment benefits. Indicator 4-week average dropped to its lowest level in two months, indicating that employment growth in the United States.
Secondly, a small demand for "risky assets" increases the carry trade operations through the yen as a funding currency, which also have a positive impact on the dollar, the yen USD / JPY.
Forex. Recommendations for the pair dollar yen (USDJPY) Today traders on the dollar against the yen is open Buy position on the reduction of quotations to 119.80 / 119.50 and 120.25 at Target.
Support and resistance levels Dollar Yen: support levels: 119.29 - 118.98 and resistance levels: 120.09 - 120.36.