Currency market forecast for November 25, 2015, EUR / USD
Forex traders note the news on:
16.30 MSK. US: Change in orders for durable goods in October (the previous value of -1.2% m / m forecast 1.6% m / m).
16.30 MSK. US: The number of initial applications for unemployment benefits in November (the previous value of 271K; forecast 273K).
18.00 MSK. US housing sales in the primary market in October (the previous value of -11.5% m / m forecast 6.8% m / m).
18.30 MSK. US data on stocks of crude oil from the Department of Energy.
The euro exchange rate against the dollar today, EUR / USD forecast for 11/25/2015
Released yesterday, the release of the US GDP has justified the positive expectations of the players - figure was revised up to 2.1% mark. Against this background, greenbacks will continue to be in demand, as the yield of two-year Treasury bonds is now in the field of multi-year highs. Today, important data will be released in the second half of the trading day. In America, for four consecutive months of trading the rise in car sales, which can count on the release of positive data on orders for durable goods. The report on sales of new buildings can also be a pleasant surprise, with increased volume of mortgage lending in October due to lower interest rates.
Recommendations for the euro / dollar today as traders and forex trading is to wait for a rise in the euro / dollar to 1.0665 / 1.0689, then 1.0615 possible reversal.
Euro / dollar levels for today: support levels 1.0617 - 1.0520 and resistance levels: 1.0673 -1.0712.
The pound against the dollar today GBP / USD forecast for 11/25/2015
Tomorrow, the players will go to the forex long weekend on the background of the national holiday of Thanksgiving and probably today we are waiting for the last day of a short-term downward trend. It is not worth talking about changing the medium-term bearish trend - we are talking about a possible correction in the remaining days on the background of low liquidity. Bidding on the dollar the pound will be determined by the dynamics of the debt and equity markets. In the credit markets, spreads UK / US UK / Germany has stabilized after a week of contraction, however, the actual values indicate that the British currency should trade below the minimum level, which was established on November 6 (1.5026). On the commodities market correction phase occurs after large-scale sales in the last three trading weeks, but today, in the midst of the US trading session, US Department of Energy will publish a release of crude oil inventories, which again can serve as a trigger for large-scale sales. This factor, in turn, will support the dollar, as the cost of raw materials denominated in US currency.
Recommendations for the pair GBP / USD: Today, sterling traders should sell an American pair GBP / USD Sell on price increases to the level of 1.5105 / 1.5145 and closed at 1.5035 profit.
Pound / dollar levels for today: support levels: 1.5052 - 1.5026 and resistance levels: 1.5101- 1.5169.
The dollar and the yen today USD / JPY forecast for 11/25/2015
Players pair yen dollar today, there are two reasons to wait for the growth of the pair USDJPY.
Firstly, yesterday revised data on US GDP for the third quarter pleased with traders and increased the spread of Japanese and US government bonds, which increases the attractiveness of investment in assets States.
Secondly, now the Department of Energy can once again reported about growth stocks of crude oil, which is also positive for the positive greenbacks. In America, production is at a maximum in the last three months, despite a significant reduction in the number of operating drilling rigs. In the United States the last 12 months suspended activities in 1010 rigs, but commercial crude oil inventories are now at the highest level in 80 years. And there is nothing surprising here, as the company's shale oil overwhelmed loans and will produce oil at any price level, it is necessary to service the debt. It is worth noting that yesterday in the United States saw an increase in the stock market - the largest decline was in "protective" communal sector, indicating that the increase in risk appetite among investors and will put pressure on the yen as a funding currency.
Recommendations traders to the dollar yen pair: Today, players should buy the pair USDJPY Buy on lowering prices to levels of 122.25 / 122.00 and take profit at 123.15.
Dollar yen levels today: support levels: 122.22 - 121.84 and resistance levels: 122.61 - 123.00.