Exchange Rates Forex Forecast September 21, 2015 EUR / USD
Forex Friday was marked by the strengthening of the dollar - USDX dollar index added 0.78%. The euro dollar EUR / USD after the decision of the credit agency Moody's downgraded the sovereign rating of France against the backdrop of slowing economic growth closed trading with losses of 1.19%. Pound Dollar GBP / USD amid falling oil prices closed the day after losing 0.4%. Dollar Yen USD / JPY despite the sell-off in stock markets closed at the opening of trading, the yen failed to strengthen its position against the dollar.
The main events of forex, which should pay attention today:
17.00 MSK. US housing sales in the secondary market in August (the previous value of 5.59M; forecast 5.50M).
The euro exchange rate against the dollar EUR / USD forecast for today 09/21/2015
Today, the first trading day of a new week on the forex, the release of important data will not, in this regard, traders should pay attention to the debt trading and the stock market. The differential in yields of US and German government bonds on Friday stabilized after the Fed's decision not to change monetary policy. The world's leading stock markets on the other hand, the last trading day last week, were closed in the "red zone", that the single currency is a positive factor, as a funding currency. In the second half of the trading market participants should pay attention to the output of data on housing sales in the secondary market in August.Leading indicators point to a positive output data. Average becoming ka yield on 30-year mortgage loans in August fell by 0.1% to a level of 4.1%, which caused a rise in the index of mortgage lending by 7% compared with August. It should also be noted that the number of mortgage loans in August was the highest for the entire summer. Another confirmation of the positive trend of growth of real wages is in the United States by the end of July. In this context, we can expect the release of data better than the consensus forecast, which will support the demand for greenbacks.
Forex. Trading recommendations for EUROUSD: Today at the auctions in the euro dollar is worth to trade sideways 1.1240 -1.1360.
Levels euro dollar today: support levels 1.1373 - 1.1303 and resistance levels: 1.1422-1.1466.
Pound Dollar GBP / USD forecast today 09/21/2015
Today forex formed mixed fundamental background. The yield on British government bonds on the debt market is growing relative to their American and German counterparts, which increases the attractiveness of investing in the assets of Albion. Reducing cross-rate pound euro EUR / GBP, for the sterling paired with bucks this is a positive factor. This cross is under pressure on weak inflation in the euro zone, and the reduction of France's sovereign rating agency Moody's. Negative factors for the pound may include lower prices for Brent at the end of Friday, 2.7% that would support US currency, as well as the release of positive macroeconomic statistics on housing sales in the secondary market in America. In this regard, today is worth waiting for the development of the side trend, with a slight increase of greenbacks in the afternoon.
Forex. Recommendations traders GBPUSD: Today the participants of the currency market the pair Pound Dollar can expect sideways trading between 1.5465 -1.5585.
The levels for the pair GBP / USD: Support levels: 1.5497 - 1.5466 and resistance levels: 1.5551 - 1.5592.
Dollar Yen USD / JPY forecast today 09/21/2015
Today, forex, dollar in tandem with the Japanese yen will probably stay in a flat.
On the one hand, sales on the world's leading stock markets that occurred on September 18 indicate a lack of investors' appetite for risk. " The analysis of capital flows also indicates a decline of interest in "risky assets": in the first half of September, foreign investors increased their share of their investments in bonds, and continue to actively go out of stock. The debt market also confirms this trend: the yield differential of US and Japanese government bonds is reduced, which reduces the attractiveness of investing in the assets of States.Against this background, perhaps we can expect the demand for the Japanese yen as a funding currency.
On the other hand, as already mentioned, today in the second half of trading you can wait for the positive data from the US housing sales in the secondary market, which will support the demand for greenbacks America.
Forex. Trading recommendations for traders USDJPY: Today traders to the dollar yen pair is worth waiting to the flat trading within the range of 119 20 -120.34.
Support and resistance levels the dollar, the yen today: support levels: 119.29 - 118.98 and resistance levels: 120.09 - 120.36.