Currency market forecast for December 16, 2015 EUR / USD
News forex traders today:
11.30 MSK. Germany: PMI in the manufacturing sector in December (the previous value of 52.9, forecast 52.7).
12.30 MSK. United Kingdom: The unemployment rate in October (the previous value of 5.3%, forecast 5.3%).
12.30 MSK. United Kingdom: Changes in the level of average earnings (including bonuses) in October (the previous value of 3.0% 3m / y, forecast 2.5% 3m / y).
17.15 MSK. US: Industrial Production for November (the previous value of -0.2% m / m forecast 0.0% m / m).
22.00 MSK. US: FOMC decision on the basic interest rate (the previous value of <0.25% forecast <0.50%).
22.30 MSK. USA: Press conference FOMC.
The euro exchange rate against the dollar today, EUR / USD forecast for 12/16/2015
Forex with the opening of the European session, the players on the euro with the dollar is worth paying attention to the output of the report in December Markit business climate in the manufacturing sector in Germany. In the past two months, the weakening euro currency observed moderate growth of this indicator, which enhances the competitiveness of German products. But in yesterday's release of the ZEW institute noted that the decline in economic growth in the developing economies have a negative impact on net exports locomotive eurozone.Against this backdrop, the euro today to get support in the first half of the day - an indicator of PMI must be at least 52.9. But the main event of the day - the decision by the US Federal Reserve monetary policy. On the agenda are two key questions.
First, how much will increase protsenteuyu bet?
Secondly, what kind of rhetoric D. Yellen will ask at the press conference? Probably today FOMC will raise interest rates by 0.25% and its economic forecasts mark a strong upward trend in the labor market, which will contribute to sustainable economic growth. When the oil market will stabilize - revenue growth of US citizens would upward pressure on inflation expectations. Given the fact that the ECB December 3rd stimulus package will increase to 420 billion. Euros and the FED will go to a gradual tightening of monetary policy we expect the continuation of a long-term downward trend in the Forex market the euro / dollar. Traders prefer strong rinbek weak euro.
Recommendations for the euro / dollar: Today traders for trading is to sell the euro Sell on growth of quotations to the levels of 1.0950 / 1.0980 and 1.0810 on the objectives.
The levels of the euro / dollar: the support levels 1.0915 - 1.0845 and resistance levels: 1.0958 -1.1017.
The course of sterling against the dollar today GBP / USD forecast for 12/16/2015
Yesterday's data on inflation in the United States and Britain determined the outcome of the battle of "bulls" and "bears." During the eleven months of this year, inflation in the UK was 0.08%, and 0.77% in the US. Last month, the speaker is also not in favor of Albion: CPI growth for ten months of 0.16% vs. 0.74% in the US.Today, in trading in Europe, the national statistics office will publish the release on the UK labor market. If the reports on unemployment and average earnings will please the players positive data - we will have a short-term upward correction in the first half of the session, otherwise the sterling show moderate weakness. As already noted, the main event today, and maybe months - FOMC decision on monetary policy. Most investors believe, FED will go to higher interest rates for the first time since 2006. Taking this into consideration, and the differential expansion, CPI Great Britain and the United States in favor of the latter, on the pound against the American is waiting for the development of the downward trend, especially in the second half of the trading in the US, when the US Federal Reserve will make a verdict.
Recommendations for the pair GBP / USD: Today, traders should sell the pound against the dollar Sell on price increases to 1.5101 / 1.5135 and 1.4970 on the objectives.
The levels for the pair GBP / USD: Support levels: 1.5052 - 1.5026 and resistance levels: 1.5101- 1.5169.
The dollar and the yen today USD / JPY forecast for 12/16/2015
As the dollar yen pair momentum in the first half of trading in connection with a blank calendar macroeconomic statistics will determine the trading on the stock markets in Asia and Europe. Yesterday, the world's stock markets there was a rising trend - the market corrected after massive sales in the last five days. Today there is a wait for the continuation of this short-term growth to the opening of trading in the US, which would put pressure on the Japanese yen as a funding currency. The dynamics of the dollar index (USDX) indicates that the correction of the greenbacks, which began on December 3 over, and now we can expect a continuation of the long-term uptrend. The index of the dollar in yesterday's trading has overcome the level of 97.21, and after a report on the CPI "green" makes a strong enough growth that signals the presence of a large number of buyers of the dollar. As noted, today is probably worth waiting for the Fed raise interest rates, which will contribute to the expansion of the yield differential of Japanese and US government bonds. This factor increases the attractiveness of investment in assets and US demand for American support.
Recommendations for the dollar yen pair: Today, the players on the dollar to the currency of the rising sun, in the second half of the session is to buy a pair Buy's price cut to the 120.40 / 120.10 and closed at 121.35 transaction.
The levels of the dollar, the yen today: support levels: 121.37 - 121.07 and resistance levels: 121.84 - 122.22.