Forex Forecast April 17, 2018
Events traders today:
11:30 MSK. United Kingdom: Unemployment rate for February (the previous value of 4.3%, forecast 4.3%).
11:30 MSK. Velikob ritaniya: Change of average wage level February (previous value 2.8% 3m / g, 3.0% prediction 3m / g).
The euro dollar forex EUR / USD forecast for today 17/04/2018
Today, the players on the EUR / USD is worth waiting for the appreciation of EURO from the opening of trading in Europe on Monday to the maximum (1.2394) against the background of positive dynamics in the commodity market. There is a growth of quotations of oil, natural gas, copper, aluminum, it is negative for the greenback, as the raw material is quoted in US currency. Next, the players on the EUR / USD is worth waiting for a turn, and the depreciation of the EUR / USD, as the yield on 10-year German bonds in the credit market falls to the English and American papers.
EUR / USD recommendation: Sell 1,2394 / 1,2419 and take profit 1,2358.
Pound dollar forex forecast GBP / USD today 17/04/2018
GBP / USD pair is currently conducts auctions on high from July 2016 and strive to return to the level when the referendum was held on Brexit. It is likely today, traders on the Briton, worth waiting for continuation of the uptrend. The yield on 10-year-old British securities in the debt market is growing by the German and US bonds, it will support sterling. In the midst of trading in Europe, there are data for February on the labor market in Albion. Players should wait for data to forecast the median level, it is a short-term currency support Britain as average earnings growth rate will come to a maximum of September 2015. Such dynamics would indicate a rise in inflation and allow the Bank of England on May 10 to raise the discount rate by 0.25%. That rate hike expectations pushed up quotes.
GBP / USD recommendation: Buy 1,4330 / 1,4300 and tak an e profit 1.4375.
Dollar yen forecast pair USD / JPY today 04/17/2018
Forex traders on the USD / JPY should open long positions, based on the continuation of the upward trend, as the corporate reporting season in the United States is in full swing and this factor will push the pair up quotes. On Monday, the positive releases for the first quarter published Bank of America and Netflix. Today, the market is waiting for data from IBM, United Continental and Johnson & Johnson. The uptrend on the S & P500 gaining momentum and we can expect growth of quotations in the region in 2720, which in turn implies an increase of USD / JPY to 108 pieces. Since the degree of geopolitical tensions in the Middle East has decreased and new missile strikes on Syria this week is not expected, investors will sell gold that will also support the pair USD / JPY.
USD / JPY recommendation: Buy 107,00 / 10 6.75 and take profit 107,99.
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