Forex. Weather forecast on September 26, 2016
The main event for investors today:
11.00 MSK. Germany: The indicator of business environment from IFO in September (the previous value of 106.2; 106.3 forecast).
17.00 MSK. USA: Sales of housing in the primary market in August (the previous value of 12.4% m / m; the forecast -8.7% m / m).
Forex. Currency pair EUR USD forecast EUR / USD today 26/09/2016
Today investors on a pair of euro dollar are two reasons for the downward trend of waiting.
The first reason , IFO Institute report may disappoint investors, weak data, this has a negative impact on the euro quotes. On Friday came the negative data on the composite PMI index in Germany, and this figure is directly correlated with the indicator IFO.
The second reason , the yield of the German 10-year government bonds in the credit markets reduced to the English and American, it reduces the attractiveness of investments in the assets of the Old World. At the auction in the United States investors should not expect the upward corrective movement on the background moderately negative macroeconomic statistics from America. Growth rates in the mortgage market, with the high base of the previous month, can not be expected to yield a positive release Sales of new buildings in August.
EUR / USD recommendation today : the euro to the dollar For investors today, the forex market is a pair of quotations Sell on rise to 1.1235 / 1.1265 and take profit at the level of 1.1180.
Forex. The currency pair Pound Dollar forecast GBP / USD today 26/09/2016
currency market investors, today at auction for a pair gbp usd worth waiting for development of ascending correction.
The first reason , it is as mentioned above, the expectation of negative data from Germany, which will put pressure on the euro and will contribute to reduce the cross-rate EUR / GBP, is traditionally positive for the pair GBP / USD.
The second reason , the likely correction in oil on the commodities market, after strong sales Friday, when the price of Brent fell by 3.4%. Today kicks off in Algiers International Energy Forum, and investors will use the statements of various experts to disperse the quotes up. Buyers will pound today and a possible negative report on sales of new buildings in the United States. Last week came out on a portion of the construction sector statistics, which was worse than market expectations. Taking into account the mortgage rates of growth necessary to wait for reducing lending, and against this background the negative trend in the sector of the economy may continue today.
GBP / USD recommendation : the currency market Investors pair pound dollar today worth buying GBP / USD quotes at reducing the Buy to 1.2940 / 1.2910 and take profit at the level of 1.3000.
Forex. Currency pair yen dollar forecast USD / JPY today 26/09/2016
For investors, the dollar yen pair today formed a mixed background. Sales at the world's leading stock markets negative factor for the pair USD / JPY. Investors rolled up carry trade and capital will go to the Japanese yen as a funding currency. While current levels are attractive for traders to open long positions, as investors realize that the financial authorities of Japan will carry out measures to devalue the yen in the medium term to bring inflation in the negative area. public debt market shows no clear guidelines: the yield differential of US and Japanese 10-year-old on Friday virtually unchanged.
USD / JPY recommendations : Today investors on the pair USD / JPY waiting lateral trade in the range of 100.40 -101.40.
Aleksandr Goryachev
Analyst « FreshForex »
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