Forecast of March 28, 2016, EUR / USD
News forex traders today:
- 15.30 MSK. US: The main index of the cost of private consumption in February (the previous value of 0.3% m / m forecast 0.2% m / m).
- UK, Germany, Switzerland - bank holiday.
The forecast of the euro against the dollar today EUR / USD 28.03.2016
Today, we again do not see strong movements in the currency pair. Yes, and where they come from, if the majority of financial institutions today is not working.
Tomorrow we can expect splash of volatility, as market participants return to work after a four-day vacation.And today it is possible to earn money only in the US trading session, when the report on the PCE will be released. Indicators of retail and home sales indicate that Americans are beginning to save more rather than spend and in this regard, today does not have to rely on strong output data. In this regard, in the afternoon we can expect a moderate growth of the pair EUR / USD, however, in my opinion, this growth will be very modest due to low volumes.
Trading recommendations for the euro dollar pair on 28/03/2016: The players should not expect sideways trading in the range 1.1130 -1.1215.
Prediction of the pound against the dollar GBP / USD today 03/28/2016
Players on the pound against the greenbacks today, worth the wait "bullish". At the auction in the United States will release on the expenditure on private consumption in the US in February, which has an important impact on the GDP. Index of retail sales for the "control group", which is closely correlated with the PCE, following February has not changed, and since the beginning of this year, growth amounted to 0.2%. Thus, today, we can expect the release of data slightly worse than the consensus that will be negatively perceived by market participants and will put pressure on the US dollar. Thus, we can expect the correction, the upward movement in the currency pair. However, against the background of low liquidity should not rely on a strong growth of quotations.
Trading recommendations for the pair pound dollar today 03.28.2016 : traders untu paired with American today is worth buying a pair Buy's price drop to 1.4120 / 1.4100 and target at the level of 1.4155.
The forecast of the dollar against the yen USD / JPY on 03/28/2016
Quotations decrease in this currency pair should be used to open long positions for two reasons. First, the "risk appetite" persists: Friday Asian indices Nikkei 225 and Shanghai Composite grew heavy at 0.6%. This factor will exert pressure on the yen as a funding currency in carry trade operations. Secondly, published in Friday's inflation data in Japan in February caused a change in the differential indicators of CPI Japan and the United States in favor of the latter. If the spread in January was 0.1%, whereas in the last winter month it increased by 0.43%. Inflation is the most important macroeconomic indicator and investors will continue to act out this factor in the short term.
Trading recommendations for the dollar against the yen today 28/03/2016 : Market participants should buy the pair Buy on decline to 113.00 / 112.70 and 113.30 at Target.
analyst « FreshForex »