Forecast exchange market on March 25, 2016 EUR / USD
News forex traders today:
- 02.30 MSK. Japan: Consumer Price Index for February (the previous value of 0.0% y / y; the forecast of 0.3% y / y).
- 15.30 MSK. USA: Change in GDP for the quarter in the 4th quarter (the previous value of 1.9% y / y; the forecast of 1.9% y / y).
- United Kingdom, Germany - bank holiday.
The forecast of the euro against the dollar today EUR / USD 25.03.2016
Today, euro traders paired with an American should not wait for the day of sideways.
On the one hand, the credit markets yield German government bonds reduced in relation to their counterparts in British and American, it will put pressure on the euro quotes. On the other hand, the weak release of retail sales, industrial production and trade balance does not allow today rely on revision of the US GDP figure for Q4 in the positive direction. It is impossible to ignore the period of low liquidity. Capital Forex currency market - London, closed today on the occasion of Good Friday.
Trading recommendations for the euro / dollar today 25/03/2016 : The players should not expect trade in a flat within the range 1.1130 -1.1230.
Prediction of the pound against the dollar today GBP / USD 25.03.2016
The dynamics of the debt market signals a continuation of the rising correction British prices. The yield on 10-year British government bonds last two trading days, rising in relation to the German and the US, it increases the attractiveness of investment in the United Kingdom assets. Today, the financial markets in Europe will be closed due to Good Friday and in this regard, we expect a period of low liquidity. The remaining market participants will continue to close the "shorts" before the weekend, which will allow the British currency recoup some of the lost positions. But the strong appreciation of the GBP / USD should not count today. It is impossible to ignore the dynamics of the oil market. After adjustment for weak data in the US stocks, investors have begun to re-build long positions, which will have a positive effect on quotations of the British currency.
Trading recommendations for the pair pound dollar today 03.25.2016 : traders should buy the pair GBPUSD Buy on decline of quotations to 1.4150 / 1.4120 and target at the level of 1.4200.
The forecast of the dollar and the yen today USD / JPY 25.03.2016
For traders, a pair USDJPY main event of the day today the report on inflation in Japan in February. Leading indicators point to a data output bit worse consensus. Retail sales for the period from November decreased by 3.86% in February. Tokyo CPI, which is traditionally used as a leading indicator of national inflation, the end of February grew by only 0.1% y / y. The yield on 10-year Japanese government bonds, which reflects the inflation expectations of investors, also confirms the negative trend: in the last month of winter yield of securities decreased by 13 basis points Today we will see the final inflation rate at around 0.2% y / y, which will be negatively perceived by investors and put pressure on the yen. As noted earlier, today is expected to trade in low volumes, which does not rely on the strong growth of quotations. On the bond market the yield differential of US government bonds and yaponsnkih expands, it will also support the demand for greenbacks.
Trading recommendations for the dollar yen pair today 25/03/2016 : Market participants on the USDJPY pair is worth buying a pair Buy on lowering prices to levels 112.65 / 112.30 and 113.15 at Target.
Analyst « FreshForex »