Forex Forecast April 19, 2018
The main event today:
11:30 MSK. United Kingdom: The retail volume, taking into account the cost of fuel for March (the previous value of 1.5% y / y, forecast 1.9% y / y).
The euro dollar forecast EUR / USD at today 04/19/2018
Today the foreign exchange market players on EUR / USD should be used short-term growth of the euro against the background of positive dynamics of the oil market, to open short positions Sell. Yesterday's data on inflation in the euro area changed the differential indicators Consumer Price Index, it will put pressure on the euro currency quotations. While in January the difference between inflation in the US and Germany was 0.8%, in February had risen to 1%, and increased to 1.1% in March. The appreciation of the euro prevents inflation in the euro area, with the weak US dollar on the other hand, it helps to increase the consumer price index in the United States. Investors are always closely tracks the performance differentials Consumer Price Index and in this regard, the pair EUR / USD downtrend.
EUR / USD today recommendation: Sell 1,2378 / 1,2410 and take profit 1,2333.
Pound dollar forex forecast pair GBP / USD today 19/04/2018
Forex traders on the GBP / USD pair is waiting for a mixed situation. On the one hand, a weak report on inflation in the UK in March is negative for sterling as the Bank of England may limit the issue of a rate hike at the meeting of May 10. Market participants were waiting for a positive release of the Consumer Price Index, amid strong data from the labor market, as a result were left disappointed. On the other hand, the market uptrend ponefti gaining momentum, it can support the British course, because of the strong correlation of GBP / USD and Brent. Oil is now trading at a high of December 2014, as investors expect positive outcome from the meeting of OPEC + Russia, which will be held April 20 in Saudi Arabia. Today, investors should wait for the growth of quotations Brent to $ 74 / barrel.
GBP / USD today recommended: flat 1,4150-1,4250.
Dollar yen forecast USD / JPY today 04/19/2018
the pair trading dollar yen today will be re-define the US stock market. On the eve of the growth of revenue and net profit have reported Morgan Stanley, Alcoa and American Express. Alone is worth Alcoa, shares of which are growing much better than the market. Today, trading will be opened with a gap up about 4% as the e-session, investors actively bought up shares. Alcoa has to say thank D. Trump, who removed a strong competitor (Rusal) and allowed prices for aluminum to grow by a maximum of six years. Today, his company will publish reports of small and medium capitalization. In this connection, we can expect a quiet trading as investors will wait for reports of major corporations. S & P500 index is set on the eve of a fresh three-week high today and we can expect a moderate correction. This is indicated by the dynamics of fear index VIX, which is the eve of the rose 2%. Most likely, the correction will be small, and this decline, investors will be used to build the "Long". Today or tomorrow we should not expect to see the S & P500 index at around 2730.
USD / JPY today recommendation: Buy 107,39 / 107,10 and take profit 108,10.
Forex forecast for today and the market analyst Aleksandr Goryachev FreshForex