Foreign Exchange Market Forecast to March 16, 2016, EUR / USD
News forex traders today:
12:30 MSK. United Kingdom: Unemployment rate in January (the previous value of -5.1%, forecast 5.1%).
12:30 MSK. United Kingdom: Change the level of average earnings (including bonuses) for January (the previous value of 1.9% 3m / y, forecast 2.0% 3m / y).
15.30 MSK. US: Consumer Price Index for February (the previous value of 0.0% m / m forecast 0.2% m / m).
18.30 MSK. US data on crude oil inventories from the Energy Department.
21.30 MSK. USA: Press conference of the FOMC.
The forecast of the euro against the dollar today EUR / USD 16.03.2016
The results of the meeting of the US Fed's main event for today. Yield amerkianskih two-year Treasury note, which has a close correlation with the discount rate of the FED, since the last meeting of the monetary regulator has increased by 0.13% to 0.965%.
It is worth noting, bond yields back to the levels of mid-December last year, when the FOMC raised interest rates for the first time. Thus, today's market does not expect changes in interest rates, and market participants will focus on the press conference, Janet Yellen. Perhaps Bernanke's rhetoric remains the same: the regulator will continue to closely monitor incoming macroeconomic data, and in the case of positive data on inflation and the labor market will FED to raise rates. Today, forex traders are interested in: the Fed will announce the date of a possible rate hike? When this takes place in summer or fall? What is the exact timing of the D. Yellen difficult to wait and as usual will be presented by date. Debt market indicates that now the euro likely to increase prices. The differential in yield of US and German government bonds reduced, this indicates a loss of interest in US assets. Yesterday's data on US retail trade point to a growth of "bullish" sentiment. In February, the volume of trade declined by 0.1%, in line with the consensus forecast, while the January figure revised in a negative direction to the level of -0.4%.
Forex recommendations on a pair euro dollar today 16.03.2016: Players euro in tandem with the US dollar should buy the pair Buy on dips to levels of 1.1070 / 1.1030 and goals at the level of 1.1125.
The pound to dollar forecast for today GBP / USD 16.03.2016
Announced in February the inflation in the US, will be released today in the second half of the session and determine the dynamics of the pair gbp usd as "shed light" on the possible application FOMC. retail sales report, which was released yesterday shows that rely on the yield of positive data is not necessary for greenbacks is a negative factor. During the first two months of sales in the retail sector fell by 0.5% and it is against the background of growth of personal income by 0.4% over the same period. Against this background, the weak consumer activity does not rely on CPI growth, which has a negative impact on the US currency. Although the US economy and is not all bad: sales indicator for the "control group", which is closely correlated with the dynamics of US GDP in the first two months increased by 0.2%, while the previous year was recorded a decrease of 0.4%. In the credit markets, lowering the yield of British government bonds to US and German, which reduces the attractiveness of investments in the assets of Albion.
Forex recommendations to pair pound dollar today 16.03.2016 The players should not expect sideways trading in the range 1.4090 -1.4230.
The dollar against the ieny forecast for today USD / JPY 16.03.2016
The dollar JPY USD / JPY is sandwiched in between 110.98 -114.87 five trading weeks, and in the near future should not expect a breakthrough from the flat, and the output can be powerful. It is worth noting that Japan is not beneficial to the strengthening of the yen, where the economic slowdown observed. The growth of the American Fed is not profitable, because of the strengthening of the dollar in 2014-2015 yy affects US exporters.Who will win in this battle? What indicator can help predict the course of trading in the currency pair? Who it is likely to focus on the dynamics of stock markets. The presence or absence of "risk appetite" will determine the trend of the dollar against the yen USD / JPY. Yesterday, after the closing of the London trading session, investors bought shares on the US stock market, and sold safe-haven assets such as gold and the Japanese yen.This positioning indicates an increase in traders 'risk appetite', which will put pressure on the yen as a funding currency №1 in carry trade operations.
Forex recommendations on the dollar with the yen today 03/16/2016 : The players in USDJPY today, it is worth buying a pair in the forex trading Buy's growth rate to 113.05 / 112.65 and Target at the level of 113.85.
Analyst « FreshForex »