The foreign exchange market the dollar exchange rate eyro October 26, 2015, EUR / USD
Forex EUR / USD The EUR / USD a decline in the yield differential German and US government bonds closed the trading session on Friday with losses of 0.85%. GBP / USD GBP / USD due to the fall in oil prices lost 0.45% on Friday. Dollar / Yen USD / JPY on the back of strong demand for "risky assets" in the world closed the week higher by 0.69%.
Forex Events for today:
12.00 MSK. Germany: Business Climate Indicator of the IFO in October (the previous value of 108.5 outlook 108).
17.00 MSK. US housing sales in the primary market in September (the previous value of 552K; forecast 546K).
Forex. The forecast of EUR / USD The EUR / USD today 10/26/2015
Today, in the first half of trading on the forex market participants should pay attention to the data output from the institute IFO business climate in Germany. This indicator is closely correlated with economic growth and are always closely monitored by traders and investors. In October, the ZEW Institute has reported a significant increase in pessimism about the prospects for economic growth leading German economy. Although the indicator of the IFO Institute shows steady growth and today we should not expect the release of data worse than the consensus forecast. A slight slowdown in the industrial sector is offset by the growth of the service sector. In the US today there are data on new home sales for September. The labor market is positive dynamics indicates that today this will go a little better consensus. Revenues are growing, unemployment is falling, mortgage rates are down - ideal conditions for the construction sector. Sales in the secondary housing market in September rose 5.7% compared to August - are now waiting for the increase in sales of new buildings. The debt market is also opposed to the European single currency: the differential yields on US government bonds, and Germany is expanding. Do not leave without attention and momentum in the world's leading stock exchanges: the upward trend in the equity markets for the euro currency is a negative factor, as a funding currency.
Recommendations for the euro / dollar: Today, traders on the euro in tandem with American open is the growth of sales Sell EURUSD rate to 1.1075 / 1.1115 and 1.1020 on the take.
Euro dollar levels: support levels 1.1017 - 1.0958 and resistance levels: 1.1051 -1.1096.
Forex. Forecast GBP / USD GBP / USD today 10/26/2015
Today, forex traders should wait for a pound lateral trade against the background of mixed news background.On the one hand a moderately positive dynamics of the debt market to support the sterling. The yield on 10-year British government bonds rising to their German and US counterparts, which increases the attractiveness of investing in the assets of Albion. On the other hand, as already noted, in the United States today can vyiti positive data on housing sales in the primary market in September, it will support the American. The negative trend in the commodity market also support the greenback. Oil and industrial metals closed last week in the red, which is positive for the US dollar, as the cost of raw materials denominated in US dollars.
Recommendations for the pair GBP / USD: Today, traders on the Briton paired with green worth waiting for trade sideways 1.5275-1.5375.
The levels for the pair GBP / USD: Support levels: 1.5271 - 1.5206 and resistance levels: 1.5315- 1.5351.
Forex. The forecast of the dollar / yen USD / JPY today 10/26/2015
Traders on the dollar in tandem with the Japanese currency Segond there are three reasons to buy.
Firstly, following a statement by Mario Draghi, the ECB is willing to increase the stimulus package at the next meeting in December, an increase in investors' appetite for risk. " Such verbal intervention provoked the growth of quotations on the stock exchanges in Asia, Europe and North America. The increase in carry trade operations is a negative factor for the Japanese yen as the funding currency.
Secondly, as already noted, today positive data on sales of new buildings on the background of growth in employment and reduction in mortgage interest rates, may please the States that support the US currency.
Third, the sale of commodity market will also contribute to the strengthening of the dollar. For decrease in quotations of crude oil and industrial metals followed by precious metals (gold and silver). It should also be noted, and the Friday release of oil services company Baker Hughes. The number of drilling rigs operating in the US for the past week has not changed, and the marked increase in drilling in Canada by 9 units. On other continents, where the corporation operates, also recorded growth in the number of drilling 3 units. This release can be called a negative for the market of "black gold", as the growth of drilling signals an increase in crude oil production and contributes to the downward pressure on the stock.
Recommendations for the pair USD / JPY: Today, traders should buy the dollar yen pair Buy on dips towards 120.90 / 120.55 and take profit at 121.37.
Levels of dollar / yen: support levels: 121.37 - 120.73 and resistance levels: 121.84 - 122.45.