Forex forecast for today 12/15/2015: greenbacks open road!
Currency market forecast for December 15, 2015 EUR / USD
News forex traders today:
12.30 MSK. UK: Consumer price index for November (the previous value of -0.1% y / y; the forecast of 0.1% y / y).
13.00 MSK. Germany: Sentiment in the business environment of the ZEW institute in December (the previous value of 10.4, forecast 15.2).
16.30 MSK. US: Consumer price index excluding prices for food and energy prices in November (the previous value of 1.9% y / y, forecast 2.0% y / y).
The euro exchange rate against the dollar today, EUR / USD forecast for 12/15/2015
Today, forex trading in the first half of the players on the euro with the American should not lose sight of the release of the report on the index of ZEW. Quotations decrease the euro, which is on the market since the beginning of the fourth quarter, a positive factor for the German economy, as it promotes the growth of net exports and a positive effect on economic growth, and may cause an increase in optimism among respondents ZEW. Although if you look at the dynamics of industrial production in Germany in the first ten months of this year, the picture is less rosy. The volume of production decreased by 0.91% over the same period in 2014 a decline of 0.27%. Since the report refers to a number of leading indicators, it is trading on the fact of release of the data. If the total value will exceed the consensus forecast - EUR / USD pair will be supported before the opening of trading in the US. And if the data come out worse than forecast, the opposite side is likely trend as market participants take a wait before the release of the release of US inflation. US core CPI data for November may reach the level of the median forecasts, against a background of growth of average earnings and reducing unemployment. A strong labor market today contributes to the growth of inflationary expectations.In this regard, the first time since May 2014, core inflation may show growth of 2% in annual terms, which is a positive factor for the dollar before the announcement of the Fed's meeting on the total monetary policy. On Monday, the bond market the yield differential of German and US government bonds the US and Germany widened, which plays into the hands of the sellers euros.
Recommendations for the euro / dollar: Today should sell the euro against the dollar in the second half of trading Sell on growth rate to 1.1030 / 1.1060 and 1.0935 at the close of the transaction.
Levels of support for the euro dollar is 1.0958 - 1.0915 and resistance levels: 1.1017 -1.1051.
The course of sterling against the dollar today GBP / USD forecast for 12/15/2015
Today, trading in tandem with the British American currency will determine the inflation report in the UK and the US in November. As for the inflation indicator forex №1 and tomorrow FED issue a verdict on monetary policy - traders waiting for the day strong volatility. It is worth noting that in both economies today is the same trend: the growth of employment and incomes of the population contributes to private consumption, and this positive process is due to lower prices for petroleum products. Against this background, the release of data for both reports is expected in the median range of projections that support the exchange of Albion in the first half of trading and, in the second half, respectively greenbacks. Do not leave without attention and the commodity market. Black gold rally has not ended, and soon we will see testing a minimum level of 2008 ($ 36.20 / bbl for Brent). Oil drags down the whole range of commodities, which has a positive effect on the American quotes, because the cost of raw materials denominated in US dollars. Sales in the oil market caused a decline in the yield of British government bonds in the credit markets, this is a negative factor for the sterling, as it reduces the attractiveness of investing in the assets of Albion.
Recommendations for the pair GBP / USD: Today, traders on the pound in the second half of the day trading is to sell a couple of GBPUS Sell on British growth to 1.5185 / 1.5225 and a target at 1.5100.
The levels for the pair GBP / USD: Support levels: 1.5101 - 1.5052 and resistance levels: 1.5169- 1.5206
The dollar and the yen today USD / JPY forecast for 12/15/2015
A couple of the dollar, the yen in the first half of trading on important macroeconomic statistics will not, and will determine the dynamics of investors' attitude to the "risky assets". Buyers on Monday struggled to develop an upward correction in the US stock market, but the efforts will not bring the desired dividends. The largest decline the Nasdaq and the Russell 2000, which indicates the lack of investors 'appetite for risk. "Against this background, it is necessary to wait for testing the minimum level Monday (120.34) in the first half of the day. In the second half of the session, investors' attention will cause to the output report CPI in the States. As noted earlier, today is worth waiting for release within the consensus forecast that investors perceive positively since the last time core CPI showed growth of 2% year on year to 18 months ago.
Recommendations traders to the dollar yen pair: Today, the players on the dollar against the yen in the second half of the session is to buy a pair USDJPY Buy on reducing the price to 120.40 / 120.10 and 121.35 on the take.
The levels of the dollar, the yen today: support levels: 120.73 - 120.36 and resistance levels: 121.07 - 121.37 ..