Currency market forecast for December 10, 2015, EUR / USD
News forex traders today:
12.30 MSK. United Kingdom: Balance of visible trade balance for October (the previous value - £ 9351M outlook - £ 9700M).
15.00 MSK. United Kingdom: Summary of monetary policy.
16.30 MSK. US: The number of initial applications for unemployment benefits in December (the previous value of 269K; forecast 266K).
The euro exchange rate against the dollar today, EUR / USD forecast for 10/12/2015
Correction of the euro / dollar is approaching the final. Tomorrow America can rejoice players forex strong report on retail sales that merchants cheer for opening short positions. Today, with the opening of the trading session in Europe should not expect short-term growth in the euro, but the potential is limited to the area 1.1050 / 1.1070. Yesterday the US Department of Energy has reported an increase in crude oil stocks at 3.56 million. Barrels, but this factor is not allowed to grade Brent return to the strong resistance level of $ 42.5 / barrel. As investors ignored the positive news, the conclusion that the market is still a lot of pessimists, and in this regard, further sales of oil quotations support the US dollar. The last three days in a row on the bond market the yield differential of US and German government bonds widened, increasing the attractiveness of investment in US assets. This factor confirms that the short-term correction on the European currency is coming to its logical conclusion. According to the consensus forecast of economists, the world's investment banks, who were interrogated by agency Bloomberg, FOMC December 16 will raise the rate to 0.25%, which will increase the divergence of monetary policy the Fed and the ECB will contribute to reduce the exchange rate of the United Europe.
Recommendations for the euro / dollar: Today, traders on the euro with the dollar worth waiting for sideways trading between 1.0960 -1.1070.
Levels euro dollar today: support levels 1.0958 - 1.0915 and resistance levels: 1.1017 -1.1051.
The course of sterling against the dollar today GBP / USD forecast for 10/12/2015
Forex traders pound with greenbacks today, in the first half of the session is waiting for a moderate growth rate in the background of positive dynamics of the debt market. The yield on British government bonds rose in yesterday's trading against the German and the US that will support the demand for assets of Albion. Although the main trend of today will determine the Bank of England, which will announce the results of the meeting on monetary policy. Today not wait lowering short-term forecasts for the CPI, which has a negative impact on the quotes British. Inflation in the first ten months of this year in the UK was 0.16%, which is 0.62% less than in the same period in 2014. At the same time the labor market stable positive dynamics: the unemployment rate for the first three quarters of this year decreased by 0.4% to around 5.3%, while the growth of average earnings for the third quarter amounted to 3% year on year. Thus, the downward pressure on inflation have low prices for black gold. Given that oil is trading at its lowest level in 6 years, Mark Carney and his colleagues will be forced to adhere to the "pigeon rhetoric" regarding monetary policy.
Recommendations for the pound dollar pair: Today, traders should sell the pound GBPUSD) Sell on price increases to the levels of 1.5209 / 1.5250 and 1.5110 at the close of the transaction.
The levels for the pair GBP / USD: Support levels: 1.5169 - 1.5101 and resistance levels: 1.5206- 1.5263.
The dollar against the yen today USD / JPY forecast for 10/12/2015
As the dollar against the yen, today the players in the foreign exchange market in the first half of the session is waiting for continuation of decrease on the background of liquidation of positions in "risk assets". Yesterday, the stock markets of North America and Europe to become a leader in reducing the high-tech sector, and the leaders of growth "protective" communal sector. This positioning has traditionally indicates that investors have no "risk appetite" is to support the demand for the yen as a funding currency. But in the second half of trading on the market come buyers that will increase long positions at attractive levels, based on the continuation of the long-term uptrend. The last three consecutive trading days the yield differential of US and Japanese government bonds expanded, increasing the attractiveness of investing in the assets of States and support the demand for "green paper with Franklin."
Recommendations for the dollar against the yen: Today, traders should wait in the USDJPY pair trading in a sideways channel with a range of 120.70 -121.70. \
Dollar Yen levels for today: support levels: 120.73 - 120.36 and resistance levels: 121.37 - 122.02.