Currency market forecast for December 9, 2015 EUR / USD
Forex news traders today:
02.50 MSK. Japan: Change in orders for machinery and equipment in October (the previous value of 7.5% m / m forecast -1.5% m / m).
10.00 MSK. Germany: trade balance for October (the previous value -19.4B; Forecast 19.2B).
18.30 MSK. US data on stocks of crude oil from the Department of Energy.
The euro exchange rate against the dollar today, EUR / USD Forecast 09/12/2015
Yesterday's data on the GDP of the eurozone have not been revised - in the third quarter grew by 0.3%. GDP in the first nine months of this year amounted to 7357.9 bln. Euro, which is 1.79% higher than in the same period in 2014. Soft monetary policy of the ECB is bearing fruit, and this report can not be regarded as a negative.Today, with the opening of trading in Europe, there are data on the trade balance in Germany in October. In the third quarter the index of the euro strengthened by 1.2%, which is a negative factor for exports, because it reduces the competitiveness of German products abroad. In this regard, today is to wait for the data slightly worse than forecast, which will have some pressure on the price before the opening of trading the euro in Albion. Players forex are two reasons to use a short-term depreciation of the euro against the dollar EUR / USD to build long positions.
First, yesterday's report on China's trade surplus has allowed to stabilize the situation on the commodity market. In the first eleven months of this year, net exports increased by 543.24 billion. Dollars, up 64.74% over the same period in 2014. The data indicate that talking about a strong decline of the Chinese economy is still too early. Positive economic data from China has traditionally supported the demand for Eurocurrency.
Secondly, forex investors two trading days to close out positions carry trade, which will support the demand for the euro as a funding currency.
Recommendations for the euro / dollar: Today, traders on the euro with the dollar worth buying a pair Buy's depreciation of EUR 1.0859 / 1.0829 and 1.0905 at the close of the transaction. Euro / dollar levels today:support levels 1.0845 - 1.0808 and resistance levels: 1.0915 -1.0958.
The pound against the dollar today GBP / USD Forecast 09/12/2015
The dollar index is adjusted four trading days, although sterling buyers could not get out of this strong dividends. The Briton still shows weakness against other competitors' "green".
On the one hand, despite strong sales of oil this week, sterling has not updated a minimum of 2 of December (1.4893), which fits into the corrective scenario. If investors were extremely pessimistic about the pound on Tuesday December 8 GBP / USD GBP / USD tested to new lows.
On the other hand, the debt market against the buyers. With the opening of the weekly auction, the yield of British government bonds is reduced in relation to the German and American, reducing the attractiveness of investment in assets of Albion. The British currency today, the only hope is a positive report on the output of commercial crude oil inventories in the United States. If the Ministry of Energy of the United States in the second half of trading otraportuet increase neftizapasov - we expect a correction on both grades of oil, which will put pressure on the US dollar. Otherwise, today the sterling again the weak link.
Recommendations for the pair GBP / USD: Today, traders Briton in tandem with the dollar worth waiting for sideways trading between 1.4960 -1.5070.
The levels for the pair GBP / USD: Support levels: 1.4993 - 1.4950 and resistance levels: 1.5026- 1.5052.
Dollar and ene today USD / JPY Forecast 09/12/2015
Players on the dollar in tandem with vayutoy Japan today in trading forex is worth waiting for the predominance of "bearish" sentiment for two reasons.
Firstly, in the Land of the Rising Sun came out yesterday revised data on GDP for the third quarter, where the index revised from -0.2% to 0.3%. Positive data will contribute to the revision of positions, as market participants act out a technical recession in Japan, which in the end was not. Traders last month, extremely pessimistic looking at the prospects for economic growth of the Asian economy, but now, in the short term should not expect a strengthening of the yen against the backdrop of a lack of macroeconomic statistics from the Tats. In addition, a week FOMC issue a verdict on interest rates, and if we take the hypothesis that the greenback will demonstrate growth of the event, the players current beneficial decrease in quotations, to build "Long" at attractive levels.
Secondly, the lack of investors' appetite for risk "will play into the hands of the sellers. Overstock in world stock markets will support the demand for the Japanese yen as a funding currency №1 operations carry trade.
Recommendations for the dollar yen pair: Today, American traders to sell the yen is worth a couple Sell USDJPY on price increases to the levels of 123.15 / 123.39 and purpose at the level of 122.73.
Dollar Yen levels for today: support levels: 123.00 - 122.61 and resistance levels: 123.60 - 124.12.