Forex fundamental forecast for today 26.12.2016: USD / JPY - buying, EUR / USD, GBP / USD - Flete!
Forex Forecast December 26, 2016
The main events in the forex today:
Germany, United Kingdom, USA - bank holiday.
Forex forecast the currency pair euro dollar (EUR / USD) on 12/26/2016
Players pair euro dollar today in forex trading is to wait for the flat on the background of low liquidity.
Key market participants went on Christmas vacation, and return to trading only on January 2nd. For there was speculation last week that the euro has to demonstrate the correction to 1.06 before the New Year. The last three days, the euro closed trading "green zone" and struggles to overcome the fifth figure. Should traders buy euros based on the continuation of the correction? It is possible, but only under one condition. Hourly candle should close above 1.05. In this case, growth is possible in the area of 1.0540 / 1.0580. Global sentiment is negative for the euro, and demonstrate strong growth Eurocurrency will be difficult. Firstly, on the bond market the yield differential German and US 10-year government bonds is reduced, it is a positive factor for the US currency. Second, the macroeconomic statistics from the US,
EUR / USD trade Recommend ation on 26.12.2016: at the closing hour candle above 1.05 Buy position and take profit 1,0540.
Forex forecast the currency pair Pound Dollar (GBP / USD) on 12/26/2016
As the pair pound dollar formed a mixed background. On the one hand, the possible depreciation of the British against the background of the negative dynamics of the credit markets. The yield on 10-year British government bonds decreased to German and American, it reduces the attractiveness of investments in the Kingdom of assets. On the other hand, British currency falls third week, and at such periods on Mondays traders watching correction. Do not forget that today the banks of Albion do not work and in this regard, the correction increases the chances.
GBP / USD trading recommendations s : flat 1,2230-1,2330.
Forex forecast the currency pair Dollar Yen (USD / JPY) 12.26.2016 Today
The dollar, the yen (USD / JPY) was trading in flat 116.54 -118.65 after the Fed raised rates. In Forex books are usually written that flat this time of uncertainty. But there is no ambiguity here. Key factors point to a continuation of the long-term uptrend. In this flat market bulls increasing their positions Buy and as soon as the necessary amount of bud is formed by the market will move further upwards. This is indicated by the dynamics of the debt market. The spread of US and Japanese 10-year government bonds at an annual maximum, while on an annual high of 121.68 currency market. This difference in the near future will be removed from the market. In this regard, from the bottom of a flat market players should buy the pair Dollar Yen 120.00 for the purpose, which can be achieved in the next three weeks. This can happen as this week
USD / JPY trading recommendations : the Buy 116.54 / 116,00 120,00 to take-profit.
Aleksandr Goryachev Company Analyst FreshForex
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