Currency market forecast for December 29, 2015, EUR / USD
News forex traders today:
18.00 MSK. US: Consumer Confidence for December (the previous value of 90.4, forecast 93.9).
The euro exchange rate against the dollar today, EUR / USD forecast for 12/29/2015
Today, forex trading in the first half against the backdrop of an important macroeconomic statistics is expected, and the bidding will determine the "risk appetite". On the eve of the world's stock markets dominated by pessimism: a leader in the decline were shares of the banking sector. This factor supports the demand for the euro as a funding currency. Probably, trade will continue to be sluggish, as the low liquidity in the market, but the priority of the upward trend. In the midst of trading in the US traders should pay attention to the data from the Conference Board consumer confidence. The same indicator of the University of Michigan in December showed growth against the background of a strong labor market, that today allows to calculate the output of positive data from the CB. Although the dollar was able to benefit from it release the dividend - the total value should be above the level of 94.9. Otherwise, if the data will be released within the median forecasts, we are waiting for a moderate increase in greenbacks.
Recommendations for the euro dollar: Today at auction players for the euro with the dollar worth buying a pair Buy's price fall to 1.0955 / 1.0930 and a target at 1.0992 to the mark.
The pound against the dollar today GBP / USD forecast for 12/29/2015
Banks Albion again today opened the doors to its customers, but left before the New Year 2 days, and wait for that market makers have formed a queue of requests for currency conversion is not necessary. Given the low liquidity and lack of important macroeconomic statistics today will determine the course of trading on the dynamics of the commodity market. To determine the trend for the pair Pound Dollar should pay attention to the oil market. It Brent today and will determine the course of trading on the sterling. Yesterday, the market of "black gold" is a correction after a three-day growth of quotations, but, taking into account the positive news background of the trading week last week to expect the predominance of "bullish" sentiment, which ultimately have a positive impact on the course of the British.
Recommendations for the pound dollar pair today traders of the Briton with a couple of greenbacks worth buying Buy on dips to levels of 1.4870 / 1.4850 and 1.4935 at the close of the transaction.
The dollar against the yen today USD / JPY forecast for 12/29/2015
Yesterday's data from Japan once again disappointed forex traders. In November recorded a reduction of personal consumption, it is a negative factor for economic growth. Not the best way things are in the industrial sector: the first eleven months of this year, industrial production decreased by 0.3%. Against this background, as soon as the phase correction of the dollar index (USDX) can build up long positions in the USD / JPY pair, based on the continuation of the long-term uptrend. Today on the agenda of capital flight from risky assets.Yesterday, the stock markets of Europe and America reigned pessimism, it is a positive environment for safe assets, which traditionally include the Japanese yen. In the United States on Monday in the largest decline was the high-tech index Nasdaq, which indicates the development of the stock market correction in the Americas after the rapid growth in the past five days.
Recommendations for the dollar yen pair: the currency market today and traders should sell the dollar yen pair Sell on rise in prices to the levels of 120.45 / 120.75 and Target at the level of 120.10.