Foreign Exchange Market February 5, 2016, EUR / USD
News forex traders today:
16.30 MSK. US unemployment rate in January (the previous value of 5.0%, forecast 5.0%).
16.30 MSK. USA: Change the number of people employed in non-agricultural sector in January (previous value of 292K; forecast 192K).
16.30 MSK. US: Changes in average hourly wages in January (the previous value of 0.0% m / m forecast 0.3% m / m).
The euro exchange rate against the dollar today EUR / USD Forecast 02/05/2016
Yesterday, the European Commission released a report on the EU and the euro-zone economy. Short-term forecasts (2016) for GDP and inflation in the euro zone dropped to 1.7% and 0.5% respectively.
Previous assessment of inflation stood at 1%. A serious drop in the inflation outlook can cool euro buyers.Today, the main event for traders will become the output data on the labor market in the US in January NFP.This week came from the ISM releases negative for the manufacturing sector and the service sector. Of the 18 manufacturing industries, only four reported employment growth in January. In the services sector, 18 industries and only four reported an increase in employment. Indicators 4-week average of primary and secondary applications for unemployment benefits rose in January, indicating a decrease of employment in non-agricultural sector. ISM Non-Manufacturing Indicator Employment Index is a key could reach 195 thousand in determining the level of Non-Farm and points out that employment in the private sector., Although at the expense of jobs in the manufacturing sector totals Non-Farm will be slightly worse than consensus -prognoza.Against this background, the dynamics of the pair determines the report on average earnings. This figure is part of a group of indicators of inflation and now represents a high value for the forex market, as in the ranks of investors, there is growing pessimism in relation to the March meeting of the US Federal Reserve. Thus, the release of better than market consensus (0.4% and above) short-term support greenbacks, or (0.1% and below) will see an increase in euro prices.
Trading recommendations for the pair euro dollar today 02.05.2016 : euro players paired with the American side should not expect trading in the range 1.1130 -1.1250.
The pound against the dollar today GBP / USD Forecast 02/05/2016
Today, the players on the sterling with bucks, there are three reasons for the observed increase in currency Albion.
First , the Bank of England yesterday lowered its forecasts for GDP for 2016 and 2017 GG Pointing to the decrease in short-term inflation expectations due to low energy prices and moderate growth of average earnings. In normal times, such a statement the regulator cause severe sell-pound. But in yesterday's trading Briton initially fell by 0.46%, but then regained positions and closed trading in the "green zone". As the market ignores the negative, it means that there are a lot of buyers. Second , the yield on 10-year British government bonds rising to the German and American, which increases the attractiveness of investment in the United Kingdom assets.
Third , rising oil prices also have a positive impact on the course of the British. Brent is set to test the level of 36.13 $ / barrel. On hand bulls played by two factors: the weakness of the greenback and expectations OPEC possible meeting and other key players in the market in February. Officially, no one about this meeting is not arranged, but every day more and more "responsible person" expressed the need for such a meeting.
Recommendations pair pound dollar today 02.05.2016 : Traders pound with greenbacks in forex trading is to buy the pair GBPUSD Buy on lowering prices to levels 1.4570 / 1.4525 and target at the level of 1.4655.
The dollar against the yen today USD / JPY forecast for 2/5/2016
Today, the dollar yen pair is formed by a mixed background. On the one hand, America may disappoint traders moderately negative data on the Non-Farm, which will support the demand for the Japanese yen. This trend points and the debt market: the yield differential of US and Japanese government bond is reduced, it reduces the attractiveness of investing in US assets. On the other hand, the US stock market investors purchase the drawdown, it does not allow the S & P500 index to consolidate below the psychological level of 1900. The growth of commodity quotations supported the energy sector in the United States, which has two trading days in a row among the leaders of growth. If we add to this the fact that the Emerging Markets markets finished trading in positive territory on Thursday, while shares of troubled bank Deutsche Bank AG gained 2.78% yesterday - conclusion suggests moderate growth "risk appetite" of investors. This factor, negative for the yen as a funding currency.
Recommendations for the pair USD JPY today 02/05/2016 : The players on the dollar against the yen during trading forex trading worth the wait in flat 116.30 -117.50.