Forex Forecast March 28, 2018
Events traders today:
15:30 MSK. USA: The change in volume for the quarter GDP 4Q (previous value 2.5% q / q; forecast 2.7% q / q).
17:30 MSK. US data on crude oil inventories from the Department of Energy in March (previous value -2.622M; 0.420M forecast).
The euro dollar forex forecast pair EUR / USD today 03/28/2018
Today, forex traders on EUR / USD waiting for the situation is not unique. On the one hand, the possible growth of the euro to around 1.2450 against the background of positive bond market, where the yield of the German 10-year bonds shows growth to peers from the United States and Albion. On the other hand, the raw materials fall may cause a decrease in the level of 1.2336 euro. A decrease in the price of gold, it is negative for the euro, EUR / USD and XAU / USD because of the strong correlation. Report on US Q4 GDP is likely to come at the level of the median forecasts, as in the United States traditionally are reviewing the data in the direction of growth. Against this background, it is also possible to expect short-term growth of the dollar.
EUR / USD recommendation: flat 1,2336-1,2450.
Pound dollar forex forecast pair GBP / USD today 28/03/2018
Players forex market the pair GBP / USD, it is worth buying the British based on a continuation of the uptrend. Yesterday, the market there was a technical correction, traders quickly bought back drop. Buyers in the market is still a lot, and they are increasing their long positions on expectations of tighter monetary policy by the Bank of England. Now, many investors are waiting for the Bank of England rate hike at the meeting of May 10. Against this background, we are seeing demand for the currency of the Kingdom. Closer to the date of the meeting market is fully account this factor and the rate increase can be expected to reduce the pound prices.
GBP / USD recommendation: Buy 1,41 91 / 1.4168, and take profit 1,4250.
Dollar yen forex forecast pair USD / JPY today 28/03/2018
USD / JPY players for this pair is waiting for a mixed background. On the one hand, the possible fall of the dollar, the yen to 105.25 against the background of the negative dynamics of the debt market, where the yield differential of US and Japanese 10-year government bonds decreased. On the other hand, investors are actively selling gold, which can cause the growth of quotations on the stock markets. Against this background, possible appreciation of the USD / JPY to 106.12, as the USD / JPY is highly correlated with the equity markets. Now the stock markets show high volatility and once investors begin to consistently buy stocks, we will see a steady upward trend in the pair.
USD / JPY recommendation: flat 105.25 -106.12.
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