Exchange Rates Forex September 15, 2015 EUR / USD
On the currency market in the first trading day of the new week was conducted peaceful trade - USDX dollar index closed trading with a slight advantage of 0.05%.The euro dollar EUR / USD due to lower quotations of Brent crude oil 3% closed the trading day with losses of 0.2%. Pound Dollar GBP / USD amid rising profitability British government bonds relative to their American and German counterparts, he added, for the trading day 0.05%. Dollar Yen USD / JPY and the background of capital flight from the "risky assets" in the funding currency, gained 0.4% per day.
Events forex, which should pay attention today:
09.30 MSK. Japan: Press Conference of the Bank of Japan. 11.30 MSK. UK: Consumer price index for August (the previous value of 0.1% y / y; the forecast of 0.0% y / y).
12.00 MSK. Germany: Sentiment in the business environment of the ZEW institute in September (the previous value of 25.0, forecast 18.3).
15.30 MSK. US: Retail Sales for August (the previous value of 0.6% m / m forecast 0.4% m / m).
16.15 MSK. US: Industrial Production for August (the previous value of 0.6% m / m forecast -0.1% m / m).
Forex. The euro dollar EUR / USD forecast for today 09/15/2015
Today, in the first half of the trading day on the forex traders should pay attention to yield data on the business climate in Germany from the institute ZEW. This report can cheer traders positive, as indicator of business environment from IFO, which is closely correlated with the dynamics of the German economy, at the end of July and August shows positive dynamics. In this connection, the European currency will receive little support.Further attention to the participants of the forex market will pay attention to the publication of macroeconomic data from the United States. The report on retail sales will be released at the level of the consensus forecast amid rising household incomes and reducing unemployment. On the positive trend indicated by the growth of car sales in the domestic market. Data on industrial production for August will not be able to please the traders.ISM index of industrial sphere in August showed growth measurement, while in the last month of summer in the sector has been reduced 17 thousand. Jobs, which indicates a reduction of production capacity. On the debt market on Monday was no great changes: the differential in yields of government bonds in Germany and the United States was flat.
Forex. Trading recommendations for EUROUSD: Today, the euro dollar traders should wait in flat trading within the range of 1.1240 -1.1350.
Support and resistance levels EUROUSD: support levels 1.1303 - 1.1269 and resistance levels: 1.1373-1.1422.
Forex. Pound Dollar GBP / USD forecast for today 09/15/2015
Warning Forex currency market participants today will be focused on data on inflation in Britain, as it is the main inflation indicator for monetary authorities. Leading indicators point to weak output data. Reduction of average earnings will curb consumer spending. The decline in oil prices caused a reduction in the cost of petrol in Britain, which is also a negative factor for the consumer price index. Quarterly surveys of the Bank of England on inflation indicate a decline in CPI in the third quarter. In this regard, perhaps the depreciation of sterling against the greenback. On the market of "black gold" pound is unlikely to get support - any short-term rise in prices for Brent investors use to open short positions. As already noted, the United States today is to wait for the positive data on retail sales in setkore that support the US dollar. On the debt market, an increase in the yield of British government bonds relative to their American and German counterparts, which will support demand for sterling.
Forex. Trading recommendations for GBPUSD: Today pound dollar pair, forex traders should open sale Sell at 1.5360, and take profit at 1.5305.
The levels for the pair GBP / USD: Support levels: 1.5351 - 1.5315 and resistance levels: 1.5427 - 1.5466.
Dollar Yen USD / JPY forecast for today 09/15/2015
Today, the dollar yen pair in the morning hectares forex main event will be the publication of the results of the Bank of Japan's monetary policy. The last meeting of the controller was on 7 August. During this time, the yield on 10-year Japanese government bonds, which reflects investors' expectations of inflation declined by 5 bps The decline caused sales in the market of "black gold. It is worth noting that the price of gasoline in Japan falling at a moderate pace, it will not have a strong deflationary effect. Since the beginning of this year, CPI rose by 0.39%, on the one hand very far from the target of the Bank of Japan (2%), but on the other hand due to the growth of incomes of the population will experience a gradual increase in inflation. The positive dynamics of production of vehicles so we should not ignore. Japan is the third largest car manufacturer, and in the summer months, growth in this sector, which is also positive impact on the economy. Against this background, on Kuroda's worth waiting for a moderately positive comments that support the Japanese yen. The stock market also do not leave unattended. Yesterday, the world's leading exchanges observed prevalence of vendors that also support the demand for the Japanese yen, as the currency funding.
Forex. Trading recommendations for a pair USDJPY: Today, forex traders to the dollar yen pair is to open sales Sell the growth rate UDJPY to 120.30 / 120.65 and purpose at the level of 119.60.
Levels of support for the dollar, the yen today: support levels: 120.09 - 119.29 and resistance levels: 120.36 - 120.73.