Forex rate of EUR \ USD EUR / USD forecast for today 06/04/2108
Players forex pair EUR \ dollar today is worth waiting for a moderate decline in EUR / USD on the background of negative bond market, where the yield of the German 10-year bonds fall to US and British bonds. This trend is caused by the release of positive employment willows States - Non-Farm figure amounted to 223 thousand, while the average earnings reached 2.7% level.. Both figures exceeded market expectations, this is positive for the greenback. It must be said, this report was not able to change the mood in futures on a bet the Fed - investors still expect only two rate increases (13 June and 26 September). And it is likely the strong growth of the dollar traders should not wait.
EUR / USD recommendation: Sell 1,1703 / 1,1725 and take profit 1,1674.
Forex Pound Dollar forecast pair GBP / USD today 06/04/2018
GBP / USD - traders today are two reasons for the sales.
First, the positive data on the labor market and business activity in the industry in the United States caused a drop in the yield differential British and US 10-year bonds, which may cause depreciation of GBP / USD. ISM Manufacturing PMI reached the mark of 58.7, which is higher than in May 2017 by 3.8%. ISM said that such an outcome can count on GDP growth for the month by 4.8%. This is a very strong result!
Second, correction in the oil market as a negative for the British, because of the direct correlation GBP / USD and Brent. Oilfield services company Baker Hughes last Friday, has reported an increase in drilling platforms in the US and Canada on 1 and 21 units, which is negative for the market.
GBP / USD recommendation: Sell 1,3390 / 1,3410 and take profit 1,3355.
Forex dollar ene forecast pair USD / JPY today 06/04/2018
Today, there are two reasons to buy USD / JPY.
First, Friday's report on the labor market in the US in May caused a strong growth of domestic stock market - the S & P500 for the day weight by 1.08%, the maximum six-day updating. The index of "fear" the VIX fell to 12.7%, indicating that the willingness of investors to buy shares. For a pair of USD / JPY a positive signal because it has a strong correlation with the S & P500 index. Why is this happening? This correlation is due to the negative interest rate the Bank of Japan.
Second, the debt spreads rise observed market yield on 10-year US and Japanese government bonds, which is also positive for the pair.
USD / JPY recommendation: Buy 109,48 / 109,20 and take profit 109,99.
Company analyst FreshForex