Forex Events today:
15:30 MSK. US Producer Price Index for March (the previous value of 2.8% y / y, forecast 2.9% y / y).
Forex rate of EUR \ USD forecast EUR / USD today
Traders for the euro, today is the growth of quotations used to open short positions Sell EUR / USD. Main engine reduction will report on the producer price index in the US in March. Players should not expect positive data against the background of rising raw material prices, it will support the quotes American. Positive report on PPI gives a signal about the growth of inflation, the report which will be released tomorrow at auction in the United States. The yield on German 10-year bonds in the debt market falls to the British and American, is on hand to sellers EURuSD.
EUR / USD recommendation: Sell 1,2318 / 1,23 40 and take profit 1,2265.
Forex Pound Dollar exchange rate forecast GBP / USD today 04/10/2018
Traders on the GBP / USD in the first half of trading should expect an increase in British quotations marks to 1.4150 / 1.4175 against the background of positive on the oil market, as the GBP / USD pair and Brent have a strong correlation. Today Brent possible rise in prices to the level of 69.80. Before the publication of the US crude oil inventories data, Bloomberg agency conducted a traditional survey of experts who reported to reduce oil reserves at 1.3 million. Bar. For the market a positive signal, since the beginning of April hydrocarbon reserves usually show growth. Thus, we can conclude about the growth in oil consumption. In the second half of trading, forex players should not expect reduction sterling exchange rate against the backdrop of negative on the bond market, where the yield differential of British and American 10-year bonds is reduced, it is negative for the UK currency.
GBP / USD recommendation:
Buy 1,4127 / 1,4106 and take profit 1,4150.
Sell 1,4150 / 1,4175 and take profit 1,4111.
Dollar \ yen forex forecast USD / JPY today 04/10/2018
USD / JPY - two reasons why traders to open long positions Buy.
The first reason, there has been growth in the world's leading stock exchanges, it is positive for the pair, as it is strongly correlated with the equity markets. Investors are waiting for the corporate earnings season, which kicks off in the United States on April 12. The S & P500 is 8.2% below its historic high - current levels are attractive for open positions to buy as strong data on the index of business activity in industry and services signal the growth of corporate profits.
Second , the yield spread of 10-year US government bonds and Japan demonstrates the growth, which is also a positive factor for the pair.
USD / JPY recommendation: Buy 107,04 / 1 06.85 and take profit 107,57.
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