Forex. Weather on 25 August 2016
Major market events today:
11.00 MSK. Germany: Indicator conditions of the business environment from IFO August (the previous value of 108.3; 108.5 forecast).
15.30 MSK. USA: Change in orders for durable goods in July (the previous value of -4.0% m / m forecast 3.5% m / m).
15.30 MSK. US: The number of initial applications for unemployment benefits in August (the previous value of 262K; 265K forecast).
Forex. Forecast exchange rate EUR / USD pair today 25/08/2016
Euro shows weakness in trading forex currency market, and today the EUR / USD has two reasons to continue to decline.
First , the data IFO institute against decrease composite index PMI Markit, which vshel at the beginning of the week may be slightly worse than expected. Both indicators are closely correlated. It is worth noting that in the services sector, which is the basis of Germany's GDP growth slowed to its lowest level since May 2015. Against this background, a moderately negative data will be understood izhatelnoe pressure on the euro quotes.
Second , greenbacks traditionally supports selling in the commodity market, since the cost of raw materials denominated in US dollars. Yesterday, the CRB Commodity index lost 1.4%, showed the maximum daily decline over the past ten days. Worse than the market felt nickel, platinum and oil, whose price fell by more than 2%. It should be noted that sales on the product market are synchronous, this should have a positive impact on the value of the US currency.
Recommendations EUR / USD: Forex Trader today for the pair EUR / USD is to sell Sell on the growth of quotations to 1.1281 / 1.1310 and take profit at around 1.1225
Forex. Forecast exchange rate GBP / USD pair today 08/25/2016
For players on the pair GBP / USD today formed mixed news background. In the credit markets, the yield on 10-year British government bonds rising in relation to the German and the US, it increases the attractiveness of investments in the assets of Albion, and will support the quotation of the British currency. It is worth noting that the forex market in August and low-liquid market participants against this background that can drive the price to 34 pieces, where to begin mass sale of sterling amid fears of an economic slowdown due Brexit. On the eve of the oil price closed trading in the "red zone" and is a negative trend is still relevant, that will put pressure on the rate of the pair GBP / USD. US Department of Energy yesterday reported about the increase in oil inventories, gasoline and distillates. Over the past five trading weeks crude oil stocks in the United States increased by 4.13 million. Barrels. Tomorrow there are data on the number of drilling rigs in the US oil services company Baker Hughes and, remembering the recent statements by leading oil companies involved in shale oil production should not expect an increase in the number of drilling, which will put additional pressure on the quotes.
GBP / USD Recommendations : Players Forex currency market today pair pound dollar worth waiting for trade sideways 1.3165 -1.3265.
Forex. Forecast exchange rate USD / JPY pair on today 25/08/2016
Today, the trading participants of the currency market, against the background of capital flight from risky assets, the pair USD / JPY is zhdatsnizheniya quotations. In global stock markets on Wednesday, there was a downward trend as investors closed long positions. In the US stock market index fell more strongly all the Nasdaq, it is a bad sign, since in this index includes stocks with high P / E multiple and when investors feel danger, they start in the first place to get rid of much of revalued assets. Of the ten sectors showed only one on the eve of growth - it is non-cyclical goods sector, which is among the "security", which indicates the growth of pessimism. Do not leave without attention and increase the fear index VIX 8.6% for the third trading day that signals a possible influx of capital into safe assets, which traditionally include the Japanese yen.
USD / JPY recommendations : As the dollar yen pair today forex players should sell Sell on the growth of quotations in the area of 100.50 / 100.90 and take profit at the level of 100.10.
Analyst « FreshForex »