Forex forecast for today 02.09.2016: Non-Farm decides everything for the dollar! - 1 September 2016 - free no deposit forex bonus
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Main » 2016 » September » 1 » Forex forecast for today 02.09.2016: Non-Farm decides everything for the dollar!
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Forex forecast for today 02.09.2016: Non-Farm decides everything for the dollar!

 

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Forex. Weather forecast on September 2, 2016

 

The main events forex today:

  • 11:30 MSK. United Kingdom: PMI index for the construction sector in August (the previous value of 45.9, forecast 46.6).
  • 15.30 MSK. USA: Change the number of people employed in non-agricultural sector in August (the previous value of 255K; 186K forecast).
  • 17:00 MSK. US: Changes in average hourly wages in August (the previous value of 0.3% m / m forecast 0.2% m / m).

 

Forex forecast for the euro is the dollar EUR / USD 02.09.2016

 

The main event on the forex Non Farm.otchet today on the labor market in the US in August and which will determine the future dynamics of the euro against the dollar. 

 

 

Speakers in the past month, Fed officials in one voice saying that this release will probably be the determining on changes in interest rates. In the case of positive data on Non-Farm (over 200 thousand.), And the growth of average earnings will grow in the market talk that the FED can already go on September 21 to raise the discount rate. As we know from the textbooks - the rate increase has a positive effect on the value of greenbacks. As for the index of Non-Farm, then to make qualitative forecast is rather difficult, as this week has not published a key leading indicator - this time in the field of the ISM services. If you look at the two remaining indicators (employment from ADP and applications for unemployment benefits), the conclusion is that today we can see the data better than expected median. But today it is better to trade on the report output fact, as ISM index will be released only next week, on Tuesday 6 September.Probably before the opening of trading in the US the couple will reside in the flat, as investors will take a wait and see attitude before the publication of important macroeconomic statistics.

 

Business solutions EUR / USD:
the Buy, if Non-Farm and average earnings worse than the consensus and take-profit 50 n. 
The Sell, if Non-Farm and average earnings better than consensus forecast and take-profit 80 n.

 

 

Forex forecast for the dollar exchange rate today, the pound GBP / USD 02.09.2016

 

Player Briton in tandem with the US currency in the first half of trading on the forex currency market should not expect a moderate growth of the sterling against the backdrop of divergent indicators of business activity in the manufacturing sector of Albion and America. The first indicator rose to its highest level since November 2015, primarily due to growth in export orders amid falling value of the British pound against the euro and the dollar. The second measure, by contrast, dropped to the lowest level this year. Business activity in the industry again began to decline. All key parameters showed negative results - had the largest decline in new orders in the article. The credit market has reacted to the statistics quite naturally: yield differential British and US 10-year government bonds began to rise, reducing the attractiveness of investment in US assets. In the second half of the trading day trend for the pair will determine the statistics from the United States. Bucks can now greatly strengthened if the data on employment in non-agricultural sector, and the index of average hourly wages will go better than the consensus forecast, as the market re-intensify expectations of Fed rate. Otherwise, we can expect a new wave of demand for sterling and it is possible that we will see a move to 34 the figure.

 

Business solutions GBP / USD:
the Buy, if Non-Farm and average earnings worse than the consensus and take-profit 50 n. 
The Sell, if Non-Farm and average earnings better than consensus forecast and take-profit 80 n.

 

 

Forex rate forecast for the dollar, the yen today USD / JPY 02.09.2016

 

Investors pair dollar yen in the first half of trading on the forex currency market, it is necessary to wait for the development of a downward correction, it traders for two reasons. 

 

First , after the US and Japan for the release of PMI ISM industrial sphere yield spread of 10-year government bonds showed a strong decline, which is a positive factor for the yen. 

 

Second , reduced "risk appetite" will support the yen as a funding currency in the carry trade №1 operations. On the eve of the US stock market closed trading in the "red zone", on the background of the sharp fall in the energy sector securities. Blame the massive sell-off of oil: WTI grade eve lost 3.2%. Investors get rid of risky assets and moving into safe assets, which traditionally include the Japanese currency and gold. Against this background, the pair may fall below the 103 figure, but then should not expect development sideways before the publication of the report of the United States. The US economic data will be crucial in the coming days. Positive data immediately deployed the market up, as it is likely to wait for a strong expansion of the differential yields on US and Japanese government bonds.Otherwise, we will see a decrease in quotations on profit taking on the "Long" before the weekend.

 

Trading decisions USD / JPY The:
the Buy, if Non-Farm and average earnings better than consensus forecast and take-profit 80 n. 
The Sell, if Non-Farm and average earnings worse than the consensus and take-profit 80 n.

 

 

 

 

Aleksandr Goryachev

Analyst « FreshForex »

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