Forex. Weather forecast on September 20, 2016
The main events of the currency market today:
15.30 MSK. USA: The volume of building permits issued in August (the previous value of -0.1% m / m forecast 2.5% m / m).
Forex. Currency pair EUR USD EUR / USD forecast for today 20/09/2016
Today, investors in the euro are two reasons to sell the EUR / USD to rise in prices.
The first reason is yesterday's data on balance of payments euro-zone, which came below expectations of market participants: 21 billion euros, against the euro the consensus forecast of 27.2 billion... In annual terms, the current account surplus declined by 7% in July, the maximum reduction in the past four months. Do not leave without attention and a strong rise of the euro against the pound, it reduces the competitiveness of European products on the UK market. Against this background, if the euro will demonstrate growth, the surplus will begin to decline more rapidly and to maintain the positive trend, the monetary authorities is advantageous range of 1,08-1,12.
The second reason , probably will be released today is moderately positive data on the construction sector in the United States in August, it will support quotations of greenbacks. The growth index CB consumer confidence to a maximum of the last ten months, can count on an increase in business activity in the construction industry.
Euro Dollar advice for investors Today, traders in the euro with bucks worth to sell the pair EUR / USD Sell the growth of quotations in the region of 1,118 5 / 1.1208 and take profit at the level of 1.1125.
Forex. The forecast of the currency pair Pound Dollar GBP / USD today 20/09/2016
Sterling in early Monday trading on the currency market, attempted to demonstirovat growth of quotations, but the "bears" actively sold on the growth of the British. Perhaps investors should join this trend, and open Sell position.
The main driver for the currency fall of Albion - change differential inflation the UK and US. Large investors have traditionally closely monitor this metric in the case of strong changes do not miss the opportunity for speculation. In August, the figure increased from 0.2% to 0.5%, it is sufficient to change in the short term speculation. As noted above, today for the second trading players should not expect positive data from the United States that embolden the bears to build short positions. Do not leave without attention and pessimism in the oil market: oil prices show weakness, it will increase the pressure on the pound sterling.
Pound Dollar invectoram recommendations for today : Players pound paired with an American today in forex trading, it is necessary to sell the pair GBP / USD Sell the growth of quotations to 1.3050 / 1.3100 and take profit at the level of 1.2970.
Forex. Currency pair USD JPY USD / JPY forecast for today 09/20/2016
At a meeting of the Bank of Japan, which will be held tomorrow, the regulator is likely to announce new stimulus measures. Monetary regulator can no longer procrastinate, because inflation expectations are low. A high yen has put a spoke in the wheels of the industrial sector, it can lead to a strong imbalance of exports and imports. Do not remain without attention and the possible risks from the medium-term decline in hydrocarbon prices, amid record oil production by OPEC countries and Russia. Given the current situation of black gold market should not expect a decrease in the Brent price to the level of $ 40 / barrel in the next two months, it will put pressure on consumer prices and even more would lead the economy into a deflationary spiral. Thus, the current levels are attractive to build long positions.
Dollar Yen advice for investors: Today, the players on the dollar against the yen is worth buying a pair USD / JPY Buy reduce quotations to 101.90 / 101.55 and take profit at the level of 102.50.
Aleksandr Goryachev
Analyst « FreshForex »
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