Forex forecast on March 22, 2018
12.00 MSK. Germany: Indicator conditions of the business environment from IFO for March (the previous value of 115.4; 114.7 forecast).
15.00 MSK. United Kingdom: The decision on the basic interest rate of the Bank of England in March (the previous value of 0.50%, 0.50% forecast).
The euro dollar forex forecast pair EUR / USD today 03/22/2018
Yesterday, the US Federal Reserve held rates increase by 0.25% with a promise to repeat this action for at least another two. At the beginning of the dollar showed growing quotations, but minutes later, the market response was reversed. Investors reportedly disappointed reluctance FOMC three times to raise interest rates this year. Many of them are somehow expected just such a statement from D. Powell. Sam Powelll probably did not fully understand on what basis are the expectations of investors and encourages all to a gradual rise in rates. The Fed chief was replaced, but the position remains the same - "Haste, makes waste." The yield on US 10-year bonds has failed to update the maximum of the year on Wednesday, it is negative for the greenback. Note, on the eve of the market forgot about the revision of the forecast for GDP in the positive area, it can now trigger a correction in the pair on a background of the closing of long positions. Today vozvozhno oil correction is positive for the American. in US oil production reached historical highs and is now at around 10,407,000. bar. / day. The market on the eve of the black gold has increased by 2% and now we can expect closing positions, causing a decrease in quotations of Brent to $ 68 / barrel.
EUR / USD recommendation: a Sell 1.2364 / 1.2389, and take profit 1,2319.
Pound dollar forex forecast pair GBP / USD today 22/03/2018
Today, do not expect surprises from the Bank of England - almost all investment banks are waiting for preserving the current level of rates. Inflation after the rapid growth begins to decline, it will allow the Bank of England not to resort to tightening monetary policy. Probably, interest rates in the UK may be increased in the summer. For this outcome for two reasons. First, the rise in energy prices, which will contribute to the growth of the consumer price index. Second, the growth of average earnings in Albion, which is also an inflationary factor. Against this background, it is necessary to wait for inflation to the level of 3% by the summer and with that in mind the British regulator will be forced to raise interest rates by 0.25%. BoE rhetoric today will be moderately positive for the British currency. As previously noted, today it is possible to expect reduction of oil prices, which will put pressure on the pound. Against this background, during the day can be expected of a lateral trend.
GBP / USD recommendation: Flat 1 , 4120-1,4210.
Dollar yen forex forecast pair USD / JPY today 03/22/2018
US Fed rate hike in addition to 0.25%, also raised its GDP forecast for 2018 and 2019 GG For the US stock market is a positive signal, against this background, we should not expect a broad market index growth of quotations S & P500, it is positive for the stock USD / JPY. The Fed expects GDP to grow by 2.7%, against the previous forecast of 2.5% this year. FOMC expects employment growth and the positive impact of tax Reformy, the initiator of which was D. Trump. The index of "fear" the VIX on Wednesday fell to 2%, which is a positive factor for the stock. The leaders of growth in the United States were on the eve of the shares of small-cap companies - Russell 2000 Index at the end of the day weight by 0.53%. For the stock market a positive signal, since it is traditionally the first of the small-cap start an upward trend. In this regard, today it is possible to expect growth of S & P500 index in the region of 2750, which had a positive impact on the pair USD / JPY.
USD / JPY recommendation: it Buys 105,67 / 105,45 and ta ! Ke profit 106.21.
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