15.12.2015 - Inflation data in the US may lead to a strong movement

Currency trading and the euro. The price of euro may continue to consolidate around the level of 1.10 against the background of an expected increase in interest rates of the Fed on Wednesday. Despite the importance of this event, investors will pay attention to the Fed's plans with respect to the Fed raising interest rates in future periods. Today in the US will be published important statistics on consumer prices in the country (13:30 GMT), the growth of which will strengthen the position of bears on the euro market. The course of trading will also affect data on the euro area index of business sentiment and the level of employment in the euro area in Q3 (10:00 GMT). Our medium-term outlook remains negative and we look forward to very strong price movements in the coming days.

Currency trading and the British pound. The price of the British pound corrected yesterday amid speculation on the Fed's decision tomorrow on monetary policy and future plans of the US control on monetary policy in the country. Today in the UK will be published statistics on inflation (09:30 GMT), the growth of which is displayed on the positive quotes the British pound. At the same time, investors will not rush before tomorrow's release of the report on the labor market in the UK and the Fed decision. Our medium-term outlook remains negative and tomorrow we expect to see strong movements on the market.

Currency trading and the Japanese yen. The price of the yen stabilized after the recent strengthening against the background of the collapse in oil prices and growing demand for defensive assets due to the uncertainty on the market before the Fed's decision on interest rates tomorrow. Tomorrow little impact will have news on the manufacturing PMI data in Japan. We expect strong price movement and given a soft monetary policy in Japan and its tightening in the United States, we are waiting for the signal to open short positions.

Currency trading and the Australian dollar. The price of the Australian dollar showed growth against the background of positive statistics from China and a slight correction on the commodity markets. A positive factor was also the publication of the minutes of the previous meeting of the RBA which showed signs of growth in the labor market in the coming months and the growth of investment in real estate. At the same time, low inflation allows the regulator to continue to lower interest rates in the country. Our medium-term outlook remains negative and we are waiting for a strong movement in the coming days.

Currency trading and the New Zealand dollar. The price of the New Zealand dollar continued to rise after the Australian currency, as well as by positive statistics from China. Today night (21:45 GMT) will be published statistics on balance of payments of New Zealand, and tomorrow will be released the data on GDP growth in New Zealand that can support the price of the national currency of the country. The main factor that will affect the course of trading is the dynamics of the US dollar after the Fed decision on Wednesday. We maintain a negative medium-term outlook for the New Zealand dollar.

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