Currency market forecast for December 21, 2015 EUR / USD
News forex traders today:
An important macroeconomic statistics is expected
The euro exchange rate against the dollar today, EUR / USD forecast for 12/21/2015
Players forex trading today on the first trading day of the week is not expected to yield important economic statistics. Against this background, the dynamics of bidding will determine the stock and debt markets. In the credit markets has increased the differential yields of German and US government bonds, which increases the attractiveness of investing in the assets of States and support the demand for the dollar. Closure of long positions in the equity markets and high-yield cross-rates indicates a lack of investors' appetite for risk. " It will support the demand for the euro as a funding currency.
Recommendations for the euro / dollar: Today, the players on the euro with the dollar worth waiting for sideways trading between 1.0800 -1.0900.
The pound against the dollar today GBP / USD forecast for 12/21/2015
After the British sales last week, sellers can now take a breather. The yield on British government bonds on the debt market is growing by the American and German, which increases the attractiveness to investors of investments in assets of Albion. While talking about the change of the downtrend in the pair Pound Dollar is premature. At Sterling fails to implement even deeper correction - investors are increasing their short positions on the rise, which again causes a reduction in prices. The market is still focused on the FOMC decision to tighten monetary policy, and in this regard, after a pause again, you can wait for the development of the Briton downtrend against the dollar. It is worth noting that the market "is set to test the oil minimum level of 2008 to grade Brent, which will pressure the pound.
Recommendation on the pair GBP / USD: Yesterday the sterling raiders paired with American trade is worth waiting in a side channel 1.4845 -1.4945.
The dollar against the yen today USD / JPY forecast for 12/21/2015
Traders on the pair dollar / yen today in the first half of trading worth waiting a moderate depreciation against the background of capital flight from "risky assets". Market participants close their purchase, it supports the demand for the yen as a funding currency. Last week, the US stock market the growth leader was "protective" municipal sector and a leader in the reduction of the financial sector and the sector of basic materials. Such positioning indicates an increase in pessimism. But in the second half of trading on the market, buyers may choose to return, and will build long positions at attractive levels, based on the continuation of the long-term uptrend. December 18 The Bank of Japan pointed to the decline in inflation expectations due to low prices for hydrocarbons, it is a negative factor for the yen. Oil continues to show weakness, and a weekly report on the number of drilling rigs oilfield services company Baker Hughes contributed to strengthening the position of sellers: the amount of oil drilling in the past week has increased by 17 units, to mark 541 years ago in the United States worked in 1536 oil installations. Despite the low prices of crude oil, corporations in the US do not want to, or can not because of a high debt load, close the drill.
Recommendations for the dollar yen pair: Today traders with a dollar stot to trade in flat 120.80 -121.90.