Foreign Exchange Market on 30 December 2015, EUR / USD
Forex News trederam today:
18.30 MSK. US data on stocks of crude oil from the Ministry of Energy in December (previous value -5,877M; forecast -2,480M).
The euro exchange rate against the dollar today, EUR / USD forecast for 12/30/2015
Forex remain calm trading on the euro with the dollar. Buyers of the euro currency to further develop the upward corrective movement, but low liquidity does not allow to extract rich dividends. Today is open long positions for two reasons.
First, on Tuesday in the debt market yields on government bonds in Germany rose against the British and American, which increases the attractiveness of investing in the assets of the Old World, and thereby support the demand for the euro.
Second, oil and industrial metals also are popular among investors, which will adversely affect the value of the dollar as commodity prices are denominated in US currency. On the eve of one of the world's key players in the market of "black gold" Saudi Arabia has reported a significant deficit of the state budget in 2015 (367 billion. SAR, or 15% of GDP). Next year the deficit could grow to 16% of GDP. Thus, as the Saudis would not say that they are satisfied current oil prices against the backdrop of low production costs ($ 4 / barrel, the lowest in the world) - the real official statistics suggests otherwise. In my opinion, this news background will help to further profit taking on short positions in both the benchmark grade of oil (Brent and WTI), which in turn embolden "bulls" on building VND for the single European currency.
Recommendations for euro dollar: Today, players of euros worth buying a pair of American Buy's reduction of quotations to 1.0922 / 1.0890 and goals at the level of 1.1000.
The course of sterling to buck today GBP / USD forecast for 12/30/2015
Today, the Briton generated mixed news background. On the one hand, the decline in yield on 10-year British government bonds to American and German, reduces the attractiveness of investing in the assets of Albion, and thus puts pressure on quotes pounds. Of the major currencies - the Briton feels worse than all this corrective phase of the US dollar. Of course, quotes pound reduced not "from scratch." Pound Sterling is significantly overvalued against the euro (the currency of the main trading partner of the United Kingdom), which reduces the competitiveness of British goods in the Old World, and thereby reduces exports. On the other hand, as noted earlier, the positive dynamics of commodity assets will adversely affect the value of the US currency. On Tuesday, the oil market for the first signal came from Saudi Arabia, where the marked increase in government deficits due to falling oil revenues. If today the US Department of Energy otraportuet to reduce crude oil reserves, as market participants expected, the growth of quotations of "black gold" will support the British currency in the afternoon.
Recommendations for the pound dollar pair: Today, traders on the pound to the dollar is worth waiting for sideways trading between 1.4780 -1.4885.
The dollar and the yen today USD / JPY forecast for 12/30/2015
In financial markets, yesterday there was a rising trend of the world's leading stock indices, as well as high-yield cross-rates in the currency market. Such dynamics indicates growth "risk appetite" among investors, which has traditionally been a negative factor for the yen as a funding currency. However, the Japanese currency is not going to take positions. Immunity to the demand for "risky assets" have developed a yen six trading days ago, and in this regard, it can be concluded that there was a strong seller in this currency pair, who will continue to build up short positions on short-term growth of quotations to test the 120 figure.
Recommendations for the dollar yen pair: Today, in the first half of trading traders should sell a couple Sell on price increases to the levels of 120.48 / 120.80 and 120.05 at Target.