Forecast for March 30, 2016, EUR / USD
Trading forex news for today:
- 02.50 MSK. Japan: Industrial Production for February (the previous value of 3.7% m / m; the forecast -5.8% m / m).
- 15.15 MSK. USA: Change the number of employees from ADP in March (the previous value of 214K; forecast 194K).
- 17:30 MSK. US data on crude oil inventories from the Department of Energy in March (the previous value of 9,357M; 3,167M forecast).
The euro exchange rate against the dollar today EUR / USD Forecast 03/30/2016
On the eve of investors are too optimistic responded to a press conference the head of the US Federal Reserve.In general, nothing new has not told D. Yellen: monetary authorities will closely monitor incoming data and will raise interest rates while reducing the risks.
Fed Chairman pointed out that in the next few years we should not expect a strong rise in interest rates. It is for this signal is caught and the participants of the currency market. Today, one of the leading indicators of employment in non-agricultural sector will be published. Indicators of the ADP Non-Farm has a direct correlation with a few exceptions, however, to rely solely on a report from ADP quite risky. Nevertheless, the publication of data by the agency almost always causes a burst of volatility in the market, and it is necessary usual traders.Posted on Tuesday, a report from the Conference Board has pleased investors positive data that allows us today to rely on the yield index better consensus. It is impossible to ignore the growing "appetite for risk": traders are increasing their long positions in stocks and high-yield cross-rates, which will put pressure on the euro as a funding currency. Thus, in the US trading session should be to sell the common currency.
Trading recommendations for the euro dollar pair on 30/03/2016 Traders should sell the pair Sell the growth of the euro to 1.1335 / 1.1375 and a target at 1.1235.
The pound against the dollar today GBP / USD Forecast 03/30/2016
Traders on the pound now two reasons to wait for the predominance of "bearish" sentiment.
First , the debt dynamics of the market indicates a correction on the British currency. The yield on 10-Feeds UK government bonds is reduced in relation to their counterparts from the United States and Germany, which reduces the attractiveness of investments in British assets.
Second , at the auction in the United States should wait for the release of a moderately positive on employment in the US private sector from the ADP, which will support the demand for the dollar. Index of applications for unemployment benefits demonstrated positive dynamics, which allows to count on good data output. Thus, today most effectively sell the British currency until the publication of data on oil reserves in the United States since the release of the Ministry of Energy can change the alignment of forces in the market.
Trading recommendations for pound dollar pair today 30/03/2016 : The players should sell the pair GBPUSD Sell on price increases to the levels of 1.4430 / 1.4460 at 1.4310 and Take.
The dollar against the yen today USD / JPY Forecast 03/30/2016
Traders on the dollar against the yen in the first half of the session is waiting for the development of the downward trend on profit taking on long positions. Differential yields on government bonds of the United States and Japan shrinking, indicating a possible technical correction. In general, the fixation of the "Long" overdue - quotes showed growth of seven consecutive trading days. As a result, we will see: correction or trend reversal downwards? I am inclined to the first option. Published on the eve of a report on retail sales in Japan indicates that the decrease in quotations of USD / JPY should be used to build long positions. If at the end of January we received differential indicators Japan and the US retail sales at 0%, the following February, this figure reached the level of 2.2% in favor of the latter. In total, for the period from November to February inclusive, retail trade turnover in Japan decreased by 5.4%. Index of retail trade is a good leading indicator of GDP, respectively, closely monitored by market participants. For more information about important financial news can be found on our webinar on March 31 . As noted earlier, in the second half of the day can be expected to yield a positive release of the ADP employment, that embolden the bulls to the opening of the "Long". You can not ignore the increase in demand for risky assets: on the eve of the US stock market led the growth was high-tech sector, which has traditionally been a positive factor for the stock market.
Trading recommendations for the dollar yen pair today 30/03/2016 : Market participants today worth buying a pair Buy's reduction of quotations to 112.30 / 112.00 and take profit at the level of 113.25.
Analyst « FreshForex »