Foreign Exchange Market on March 14, 2016, EUR / USD
News forex traders today:
13.00 MSK. Eurozone: Industrial Production for January (the previous value of -1.0% m / m forecast 1.5% m / m).
The forecast of the euro against the dollar today EUR / USD 14.03.2016
On the last trading week Eurocurrency done not a little noise. The ECB cut its interest rate and the euro in tandem with the greenback showed a strong upward jerk. Traders - two reasons to sell the euro!
First , on Friday on the bond market fell sharply the profitability of German government bonds to the US and British, .to reduce the attractiveness of investments in the assets of the Old World.
Second , the demand for euro deprives increase "risk appetite". Additional easing by the ECB monetary policy has supported the demand for the world's stock markets, against this background, the euro as the currency of the funding will come under pressure.
Forex recommendations on the euro dollar pair on 03/14/2016 Traders should sell at auction a couple Sell on price increases to the levels of 1.1170 / 1.1210 and take profit at 1.1095.
Forecast exchange rate pound dollar today GBP / USD 14.03.2016
important reports coming out today are not expected, and should not expect profit-taking on long positions after two weeks of growth the British prices. Friday's report on the trade balance for January at Foggy Albiogne was better than the consensus forecast, but the report can not be called optimistic. Index for December revised to negative side, against this background the negative balance in the fourth quarter amounted to 33.26 billion. Pounds, 0.75% more than last year. On the last trading day of the week the oil market ignored the negative release Baker Hughes, which was indicated to reduce the number of drilling rigs operating in the US for 6 units.Although there are positive. The yield on British 10-year government bonds in the week rose to the German and American, it will support the demand for the British. Against this backdrop, investors will prefer to build long positions on pullbacks, it will not allow the Briton to fall too low.
Forex recommendations for the pound dollar pair on 03/14/2016 : Players pound paired with American today is worth waiting for the summer in the range 1.4300 -1.4410.
The forecast of the dollar against the yen today USD / JPY 14.03.2016
Today, players should buy the pair Dollar Yen! The demand for "risk assets" will put pressure on the Japanese yen as a funding currency in the carry trade №1 operations. In the US stock market gainers on Friday became the Nasdaq index, which gained 1.85%. If investors are willing to buy the stock with a high P / E ratio, so they are willing to risk. The largest growth in Europe were shares of the banking sector: Societe Generale + 5.73%, Banco Santander + 7.15%, Deutsche Bank + 7,44%, data banks are experiencing some difficulties due to the large number of low-quality assets on the balance sheet, and if investors are actively increasing their long position on the stock, we are waiting for another day growth of quotations on the stock exchanges.
Forex recommendations to the dollar yen pair on 03/14/2016 : Trading in the dollar against the yen today in trading worth recoup Buy a pair to decrease prices to the levels of 113.55 / 113.15 and Target at the level of 114.05.
Analyst « FreshForex »