The main event today:
15:30 MSK. US: Retail Sales for February (the previous value of 0.0% m / m forecast 0.3% m / m).
17:30 MSK. US data on crude oil inventories from the Department of Energy in March (the previous value of 2.408M; 1.500M forecast).
The euro dollar forex forecast pair EUR / USD today 03/14/2018
Donald Trump has once again become the main newsmaker of the week in the financial markets - the day before he dismissed Secretary of State Rex Tillerson. For the most Tillerson's resignation was an unexpected event told his assistant. Let me remind you that a week ago resigned economic adviser to US President Gary Cohn. Investors see signs of political instability and fear that Trump will not be able to fully implement its election program, since losing the team, which is developing a strategy. Against this background, in the first half of the day we should expect growth of quotations of the single European currency. In the second half of trading greenbacks can win back some losses after the release of the report poroznichnym sales in the United States in February. Growth in employment and incomes indicates the release of positive statistics.
Buy 1,2399 / 1,2379 and take profit 1,2431.
Sell 1,2431 / 1,2455 and take profit 1,2399.
Pound dollar forex forecast pair GBP / USD today 14/03/2018
Forex players are watching greenbacks around the market sell-off, despite the positive macroeconomic statistics. Tram tripped dollar, which over the past two weeks sacked two of his assistants. Bond market reacted negatively to the news of the resignation Tillerson - the yield on 10-year US Treasury bonds fell relative to their counterparts in the UK. It is the dynamics of the credit markets will affect the course of trading in the first half of the day and we can expect a moderate growth of the British currency. Then one can expect profit-taking on long positions and reduction of quotations after the publication of positive DATA 's US retail sales.
GBP / USD recommendation:
Buy 1,3975 / 1,3960 and take profit 1,4005
Sell 1,4005 / 1,4030 and take profit 1,3970.
Dollar yen forex forecast pair USD / JPY today 14/03/2018
Current levels are attractive for opening long positions into account the continuation of the uptrend. Yesterday rate USD / JPY fell after the US stock market after the announcement of the resignation of J. Trump's secretary of state. It is worth noting that since the beginning of the presidential term Trump (January 2017) there was already more than a dozen high-profile resignations and market shares on the first day has always shown a drop. investors stepped up the "Long" then at the lower levels and the market has demonstrated growth. So it was March 7, when resigned economic adviser to US President G. Cohen, who did not agree with Trump on the introduction went on steel and aluminum. The market initially fell and then through updated weekly maximum of three days. It should also be noted,
USD / JPY recommendation: Buy 106,44 / 106,20 and take profit 106,90.
Company analyst FreshForex