Currency market forecast for December 22, 2015 EUR / USD
Forex news traders today:
16.30 MSK. US: Final data on changes in GDP for the 3rd quarter (previous value of 2.1% q / q, forecast 1.9% q / q).
18.00 MSK. US housing sales in the secondary market in November (the previous value of -3.4% m / m forecast 0.0% m / m).
The euro exchange rate against the dollar today, EUR / USD forecast for 12/22/2015
Today the foreign exchange market in the first half of trading on the dynamics of the course will determine the attitude of investors' risk appetite. " Bullish sentiment on global stock markets, along with high-yield growth of quotations of cross-rates, indicate the presence and investors' appetite for risk. " It is for the euro as a funding currency negative factor, and against this background, before the opening of trading in the US should not expect a smooth decrease in prices. Next forex players will pay attention to US statistics. Most likely, the final GDP data for the third quarter are not revised downward, and will remain at the same level, as noted in the second release. The strong labor market has allowed to increase private consumption that the US economy is a positive factor. Data on home sales in the secondary market likely will present a pleasant surprise. The growth of mortgage lending in November was 1.26% compared to the previous month, indicating that the increase in sales of real estate in the primary and secondary markets. In addition, citizens of the United States in November realized that an increase in the discount rate the Fed will increase and mortgage rates, and in this regard, it is better as quickly as possible to get credit for the December meeting of the FED. In the credit markets are pessimistic sentiment against European assets: German government bond yields decreased to English and American.
Recommendations for the euro dollar: Today traders for trading on the forex market is worth EUR Sell on growth in the euro dollar to 1.0920 / 1.0950 and 1.0830 at the close of the transaction.
The course of sterling to buck today GBP / USD forecast for 12/22/2015
According to the currency pair Pound Dollar in today's trading the main factors point to continued decline, and that the pound three reasons.
First, the differential in yield of US and British government bonds expanded, increasing the attractiveness of investing in the assets of States and support the demand for American.
Second, today, Brent traded in the 11-year low, is also a positive factor for the greenback, as the cost of raw materials denominated in dollars. In addition, the fall in hydrocarbon prices have a negative impact on the energy sector of Albion, which leaves 10% of GDP.
The third reason is, as mentioned earlier, in the second half of trading traders will likely get a positive release on the GDP for the third quarter and home sales in the secondary market States that will not fail to affect the attractiveness of the dollar. Although the current levels are not attractive to open short positions. Limit orders can be major players located in the region of the maximum on Friday 18 December, which is likely to cost and to open short positions.
Recommendations for the pound dollar pair: Today traders pound paired with an American couple is selling Sell on price increases to the levels of 1.4949 / 1.4980 and 1.4870 on the objectives.
The dollar against the yen today USD / JPY forecast for 12/22/2015
Players on the dollar and the yen today in the second half of trading worth waiting predominance "bullish" sentiment. The calendar of events for today only American statistics, and as noted earlier, is wait for better data A consensus forecast that quotations for American positive factor. Low oil prices help to reduce the yield on 10-year Japanese government bonds, which reflects investors' expectations of inflation. This factor, market participants will not disregard that would attractive levels to build long positions, based on the continuation of the long-term uptrend dollar yen pair.
Recommendations for the dollar yen pair: Today, traders should buy the pair Buy's decline enes to 121.05 / 120.75 and close the transaction at the level of 122.10.