Forex Forecast March 20, 2018
11:30 MSK. United Kingdom: CPI for February (the previous value of 3.0% y / y, forecast 2.8% y / y).
13:00 MSK. Germany: Sentiment in the business environment of the ZEW Institute in March (the previous value of 17.8, forecast 13.1).
The euro dollar forex EUR / USD forecast for today 20/03/2018
At the height of European trading ZEW institute will report on the index of business activity in Germany. Forex players should not expect a moderately positive data, as in the German government, the major political forces were able to reach a consensus, which reduces the risks for investors. It is possible political instability was the main risk in the current year. Now this factor is gone, and investors will positively assess the prospects for growth in the German economy. Debt market also indicates a moderately positive trend for the single European currency: the yield differential German and US 10-year government bonds demonstrates corrective gains, after a sharp fall at the end of last week. Strong movements should not be expected today, as investors will not rush with the discovery of large positions because of the upcoming meeting of the FOMC.
EUR / USD recommendation: Buy 1,2330 / 1,2310 and take profit 1,2360.
Pound dollar forex forecast pair GBP / USD today 20/03/2018
The main event for traders op GBP / USD today, the inflation report in Albion in February. Leading indicators point to moderately positive data output. The growth of average earnings and the increase of energy prices make it possible to rely on the data output bit better than expected median. In the credit markets have been moderate growth in yields on 10-year UK government bonds relative to their counterparts in the United States and Germany, on the back of positive results in the talks between the representatives of the United Kingdom and the European Union. The market expected a worst-case scenario for Brexit now regains growth of positive data.
GBP / USD recommendation: Buy 1,4022 / 1,4000 and take profit 1,4068.
dollr course yen forex forecast USD / JPY today 03/20/2018
Mixed background are now expected to forex traders on the USD / JPY. On the one hand, the world's leading stock markets showing a decrease in quotations, which plays into the hands of "bears", as the pair is strongly correlated with the equity markets. The index of "fear" VIX S & P500 on the eve grew immediately by 20%, which is negative for the stock. On the other hand, if investors out of risky assets, they must sell the oil, which on the contrary, shows growth. In connection with this, I do not exclude the scenario that the sell-off in stock markets can be a trap for the "bears" and markets today may turn up. Moreover, in the Asian trading pair USD / JPY showed an increase of 0.2%, which does not fit into sales scenario risk assets. If DAX30 index futures and S & P500 in the European session will demonstrate growth,
USD / JPY recommendation: flat 105,80-106,60.
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