Forex forecast on September 27, 2016
The main event for investors today:
17:00 MSK. US: Consumer confidence indicator in September (the previous value of 101.1, forecast 98.6).
Forex. Currency pair EUR USD forecast EUR / USD today 27/09/2016
pair Investors Euro American today in the foreign exchange market should not expect a moderate growth rate EUR / USD on the background of capital flight from risky assets.
In global stock markets observed the sale, it is a positive factor for the euro as a funding currency. fear index VIX in yesterday's trading up at once by 17%, weak securities in the United States were the shares of banking sector. It is worth noting that in the second half of the AkzoNobel investors should wait for the release of weak data on CB Consumer activity on the background of slower growth of employment and average earnings. Released yesterday indicator of home sales in the primary market in the United States showed a slowdown in August sales increased by 20.5% y / y vs. 35.1% y / y in July and 22.6% y / y in June. In general, such dynamics is positive, as the high level of sales, although some slowdown in the short-term negative factor for the greenback. The euro may reach up to 13 figures, no more, where will face strong resistance, because the bond market the yield of the German 10-year government bonds is reduced with respect to the English and American.
Euro Dollar recommendations : Investors today in forex trading worth to buy EUR / USD Buy on the reduction of quotations to 1.1240 / 1.1220 and fix the pr ibyl at around 1.1280.
Forex. The currency pair Pound Dollar forecast GBP / USD today 27/09/2016
Investors for the sterling today with greenbacks worth waiting for a second wave of correction, what echt two reasons.
The first reason , the yield on 10-year British government bonds rising to the German and American, it increases the attractiveness of investment in the United Kingdom assets and will support the British currency.
The second reason , investors should wait for the moderately negative report by CB consumer activity in the midst of trading in the US. In America, two indicators of consumer confidence, which are closely correlated with each other: Conference Board and the University of Michigan. Last index for three consecutive months shows a negative trend in this regard, today it is difficult to rely on the yield of positive data. Thus, the dollar may come under pressure before the closure of the London trading session.
Pound Dollar recommendations : Today, investors in the pound to the US dollar should buy the pair GBP / USD Buy on the reduction of quotations to 1.2960 / 1.2930 and take profit at the level of 1.3005.
Forex. Currency pair yen dollar forecast USD / JPY today 27/09/2016
As the dollar yen pair today, investors waiting for a mixed background. Panic sales of shares will contribute to the inflow of capital in the "safe haven", which traditionally include the Japanese yen. On Monday, shares of Deutsche Bank upgraded its historical minimum, ending trading at 10.55 euros, showing a decrease of 7.5%. Deutsche Bank is the problem of financial institutions in the world among the largest banks and steep peak of its securities evoke strong investors' fears for the stability of the financial sector, not only the euro area, but also the entire global financial system, as in the number of counterparties Deutsche Bank appear many banks with Wall Street . However, the pair is approaching the psychological level of 100 yen to the dollar, which will likely cause interest from long-term investors who can buy the pair, based on the devaluation of the yen in the medium term due to low inflation expectations.
Dollar Yen recommendations : Investors in the dollar against the yen today is worth waiting bouovoy trade in the range of 100.00 -101.00.
Aleksandr Goryachev
Analyst « FreshForex »
