Forex Events today:
11:30 MSK. UK: Industrial Production February (previous value of 1.6% g / g; forecast 2.9% g / g).
15:30 MSK. US: Consumer Price Index for March (the previous value of 2.2% y / y, forecast 2.4% y / y).
15:30 MSK. US data on crude oil inventories from the Department of Energy in April (previous value 4.617M; 0.220M forecast).
Forex euro dollar prog ERA EUR / USD today 11/04/2018
Two reasons for traders to buy the EUR / USD in the first half of trading.
The first reason for gold and oil product demand is observed the market, it is positive for the European currency, the euro due to strong direct correlation with these instruments. Quotations black gold at auction Tuesday added 3%, reaching three-year high. Saudi Arabia should be happy with this outcome, because its purpose is at around $ 75 / barrel.
Second, the yield on 10-year German securities in the debt market is growing by the British and American, is also positive for the euro. On US trades worth waiting for US inflation report at the level of the median forecasts that could cause investors to go on profit-taking on long positions and cause pullback down.
EUR / USD recommendation: Buy 1.2350 / 1.2325 , and take profit 1,2395.
Forex Pound Dollar exchange rate forecast pair GBP / USD today 11/04/2018
Pound with ameerikantsem situation is ambiguous. On the one hand, the possible appreciation of sterling against the background of positive dynamics in the oil market, which has a strong correlation pound. Xi Jinping Leader promised to give foreign companies greater access to the financial and industrial sectors, to increase imports and improve the protection of intellectual property, and to ensure a more transparent and manageable environment for foreign investment. Against this backdrop, traders have seen strong growth across the spectrum of risky assets - oil, copper, aluminum stocks. On the other hand, a positive report on US inflation could cool the ardor of the "bulls", which are now increasing their long positions on the pound.
GBP / USD recommendation: fl et 1,4135-1,4225.
Forex dollar yen forecast pair USD / JPY today 11/04/2018
The growth of quotations USD / JPY is amplified and current levels of trade EPAM should be used to open long positions Buy. The US stock market is showing accelerated growth, it will support the pair USD / JPY. Today there is a wait for the growth of quotations of S & P500 in the region of 2690 to the end of the week, amid the start of the corporate earnings season. In addition to the index S & P500, probably you can buy shares of JP Morgan bank, which on Friday April 13 will publish its financial results for the first quarter. Given the increase in Fed rates should not expect the bank's profit growth, which will reflect positively on the share price. According to JP shares this week are waiting for quotations growth in the area of 115.32.
USD / JPY recommendation: Buy 107,08 / 1 06.82 and take profit 107,63.
Company analyst FreshForex