Forecast April 22, 2016, EUR / USD
News forex traders today:
- 10:30 MSK. Germany: PMI in the manufacturing sector for April (the previous value of 50.7, forecast 51.0).
- 10:30 MSK. Germany: PMI in the service sector in April (the previous value of 55.1, forecast 55.2).
Forex. Forecast for today EUR / USD 22.04.2016
On the eve of Mario Draghi, speaking at the ECB press conference, lowered the short-term assessment of the CPI, said the increase in inflation expectations in 2017 and 2018 GG
Also, the monetary authorities have noted improvement in credit conditions in the euro area, while stressed that the balance of risks for growth shifted into negative territory. You can not ignore the positive macroeconomic data from the United States: the primary applications for unemployment benefits fell again, signaling the strong data op the labor market, which will be published on 6 May. Indicator 4-week average, which excludes weekly volatility, fell by 4.5 thousand., While the week down by 1.5 thousand. Been previously recorded in the European should pay attention to the publication of data on the PMI index of manufacturing sector and the scope of services in Germany . The first indicator in recent months demonstrates a negative trend against the background of strengthening the single European currency is now difficult to expect strong data, as net exports yoy begins to decline. However, fears of a strong reduction of China's GDP came down to "no," and in this regard can be expected to yield data within the consensus. The second indicator may show moderate growth as the ECB stimulating policy is bearing fruit.
Trading recommendations on 04.22.2016 Player's worth waiting in flat trade 1.1230 - 1.1360.
Forex. Forecast exchange rate pound dollar GBP / USD today 22/04/2016
On Thursday, market participants ignored the negative release of retail sales in the UK in March: the indicator fell by 1.3% m / m. In annual terms, sales increased by 2.7%, with growth of 4.2% was recorded in March 2015. Sales in the retail sector is one of the leading GDP indicators in this regard, we can conclude that in the first quarter we see strong economic growth on foggy Albion. In normal times, such data is sufficient to demonstrate the weakness of the British pound by 0.5%. But before we saw quite the opposite reaction - Sterling rose. In this regard, one can infer the presence of a large number of bulls in the market, whose deep pockets and can afford to buy any drawdown. It is impossible to ignore the dynamics of the market of "black gold": on the eve of Brent observed correction, and today we can see again the demand for oil in the background report from oil services company Baker Hughes, which could once again reported about the reduction in the number of US rigs. Because today we have an empty macroeconomic calendar for the UK and the US, in this regard, better to join the "bulls" and wait for the growth of the British currency quotations to 45 pieces.
Trading recommendations on 04/22/2016 : traders should buy the pair Buy's reduction of quotations to 1.4300 / 1.4270 and take profit at the level of 1.4360.
Forex. The forecast of the dollar against the yen today USD / JPY 22.04.2016
In the morning you can expect growth of quotations on the background of the expansion of the differential yields on US government bonds and Japan, which increases the attractiveness of investing in US assets. The day before, after the publication of the release on applications for unemployment benefits yields 2-year US Treasury bonds, which reflects the expectations of the FED rates, went up, surpassing the mark of 0.8%, the first time in three weeks. On Thursday, General Motors reported an increase in net profit by 111.6% y / y to the level of $ 2 billion. Against the background of growth in car sales in North America and Europe. Verizon Communication American telecommunications company also has reported a net profit growth in the first quarter by 2.1%, to a level of 4.31 billion. Dollars. In this regard, investors can continue to build long positions on pullbacks on the S & P500, which also plays into the hands of the bulls on the pair USD / JPY. However, after the closure of the London trading session, we can see a profit on the "Long" on the eve of the weekend, which will cause a decrease in quotations.
Trading recommendations on 22/04/2016 : Players should buy the pair Buy's reduction of quotations to 109.40 / 109.10 and take profit at the level of 110.00.
Analyst « FreshForex »