Exchange Rates Forex forecast for September 25, 2015 EUR / USD
The euro dollar EUR / USD in the forex market yesterday, amid rising government bond yields in Germany in relation to their British and American counterparts gained 0.34%. Pound Dollar GBP / USD after the release of positive data on housing sales in the primary market in the US for August closed trading with a slight loss of 0.06%.Dollar Yen USD / JPY on the background of capital flight from the "risky assets" closed trading with a minus 0.19%
The main events forex today, to be brought to the attention of:
02.30 MSK. Japan: Consumer price index for September (the previous value of 0.2% y / y, forecast -0.1% y / y).
15.30 MSK. US: Final data on changes in GDP in August (the previous value of 3.7% q / q, forecast 3.7% q / q).
The euro dollar EUR / USD forecast for today 09/25/2015
Macroeconomic data from the US released yesterday indicates that the traders again is again waiting for the strengthening of "green." The decline in four-week average of applications for unemployment benefits show an increase in employment. Increased sales of new buildings shows that US citizens are ready to increase their spending on private consumption, which ultimately causes the acceleration of the pace of economic growth in the United States. Sales in the global stock markets will support the demand for Euro-currency as the funding currency. Investors leave risky "assets" in the "safe" Yesterday the leader of growth in Germany, Britain and America were defensive sectors - consumer goods of daily and utilities. Closing the carry trade deals in the stock markets and high-yield cross-rates also supported the single currency against the backdrop of ultra-loose monetary policy of the ECB. The dynamics of commodity areas on the contrary, indicates the demand for greenbacks: oil and industrial metals traded in the red. The reason all tazhe China, which was in the first half of the week. Celestial - the world's main importer of natural resources and market participants lay the risks in commodity quotes. In this context, the mixed news background not only allows you to select one in the direction of the market today.
Forex. Recommendations for the euro dollar: Today during the day of trading on the forex market, traders on the euro in a pair of green is waiting in flat trading within the range of 1.1150 - 1.1270.
Levels of the euro dollar today: support levels 1.1216 - 1.1155 and resistance levels: 1.1269-1.1303.
Pound Dollar GBP / USD forecast today 09/25/2015
Today, in the first half of trading on the foreign exchange roar release of important macroeconomic statistics is expected, and against this background, traders should pay attention to the trading of commodity and bond market. Yesterday the yield on 10-year British government bonds declined relative to their German and US counterparts from which reduces the attractiveness of investing in the assets of Albion, and in this regard, deprives "British" strong support. Negativity in the commodity market also plays into the hands of the sellers of sterling. The key commodities, such as oil, copper, aluminum, natural gas show a downward trend that is positive for the green, as the cost of raw materials denominated in dollars.
Forex. Recommendations for the pound dollar pair: Today, sterling traders paired with bucks is to open sales Sell the growth rate to 1.5300 / 1.5345 and 1.5225 on the take.
The levels for the pair GBP / USD: Support levels: 1.5206 - 1.5169 and resistance levels: 1.5271- 1.5315.
Dollar Yen USD / JPY forecast for today 09/25/2015
Today, traders in dollar yen pair is today the main event of the output data on inflation in Japan in August.Positive factors include the cost of labor market dynamics of the rising sun. The labor market can expect to yield positive data. During the summer of accelerated wage growth, which indicates an increase in consumer spending. The unemployment rate in July fell by 0.1%, to the level of 3.3%, which also indicates the growth of personal consumption. Negative factors include the dynamics of prices for "black gold". Downward trend in the oil market reflects a decline in the PPI and import prices. The yield on 10-year Japanese government bonds, which reflects investors' expectations of inflation in August decreased by 2 bps symbolic In this regard, in my opinion, we should expect the release of data slightly better than the consensus forecast, which will have a short-term support to the Japanese currency. Bearish sentiment in the world's leading stock markets also have a positive effect on the value of the yen. Investors continue to close the deal and carry trade funding currency to go into, among which traditionally include the Japanese yen.
Forex. Recommendations for the dollar yen pair: Today, the dollar yen pair in trading forex, traders should wait in flat trading within the range of 119.45-120.55.
Support and resistance levels Dollar Yen: support levels: 119.29 - 118.98 and resistance levels: 20.09 - 120.36.