Events that should pay attention today:
11:30 MSK. Germany: PMI produ zvodstvennom sector for April (the previous value of 58.2, forecast 57.4).
17:00 MSK. USA: The volume of housing sales in the secondary market in March (previous value 5,54M; 5,55M forecast).
The euro dollar forex forecast pair EUR / USD at 23.04 today. 2018
EUR / USD today - there are reasons for traders to open short positions Sell.
First, the yield spread of German and US 10-year bonds on the bond market is reduced, it is positive and will support the US currency.
Second, at the auction in the United States should wait for the release of positive sales of second homes in the US in March, which will positively affect the course of greenbacks. The number of applications for home purchase through a mortgage in the first month of spring has increased by 3.3%. Given the fact that more than 80% of transactions in the housing market is made through a mortgage, you can expect real estate sales.
EUR / USD today recommendation: Sell 1,2305 / 1 , 2325, and take profit 1,2260.
Pound Dollar forecast today GBP / USD 23.04.2018
At present, formed a mixed background. On the one hand, the possible reduction in the sterling exchange rate against the background of the negative dynamics of the credit markets, where the yield of British 10-year bonds is reduced in relation to their counterparts in the United States and Germany. On the other hand, the oil market is maintained the upward trend that can have a positive impact on the value of the pound, since Brent and GBP / USD strong correlation. Black Gold is trading at three-year high, and market participants expect that in May the excess oil in the global storage is completely reduced. Because ahead of us the summer, when demand for petroleum products increases, then the market may be a small, but the shortage of oil because OPEC + Russia will not increase production before 31 December 2018. Pound reached psychological level 1,
GBP / USD recommendation: flat 1,3990-1,4090.
Dollar yen forex forecast USD / JPY today 23.04.2018
Players on USD / JPY is worth waiting for quotes to continue rising. On the debt market is experiencing strong growth in yield of US 10-year notes, which is close to the mark of 3% is a maximum of four years. Japanese 10-year bonds traded at a yield of 0.058%. Above the level of 0.1%, they do not rise, because this level of control over the Bank of Japan. In connection with this, we get a change of yield differential in favor of US assets, which, in turn, will contribute to the growth of quotations of the pair USD / JPY. That's the simple math.
USD / JPY recommendation: Buy 107,7 0 / 107.50 and take profit 108,16.
Forex forecast Kaji day Alexander Goryachev FreshForex