Foreign Exchange Market Forecast to March 18, 2016, EUR / USD
News forex traders today:
17:00 MSK. US consumer sentiment index from the University of Michigan for March (the previous value of 91.7, forecast 92.3).
The forecast of the euro against the dollar EUR / USD today 03/18/2016
The euro as the currency of funding on the eve of the participants enjoyed a steady demand of the market despite the increase in "risk appetite". The market ignored this factor that the pair euro dollar has strong buyers.
On the debt market multidirectional dynamics: the yield on 10-year German government bonds for English is growing, but is reduced to US Treasuries. In the US, disappointing data on the balance of payments for Q4 leave bulls for greenbacks hopes for growth: the deficit in Q4 2015 amounted to 125.3 billion dollars, which is 21.5% more than the year before.. In 2015, the deficit amounted to 484.6 billion. Dollars, which is 24.4% more than in 2014. In the eurozone, on the contrary, in 2015, the trade surplus increased by 29.29%. Although today rely on the strong growth of quotations - demand for "risk assets" will put pressure on the euro as a funding currency.Against this background, in the February peak (1.1376), investors will record profits on long positions, as the European currency shows the growth of the last three trading weeks.
Forex recommendations on a pair euro dollar today 03.18.2016 : Player euros worth buying a pair Buy on lowering prices to levels 1.1295 / 1.1265 and goals at the level of 1.1350.
Pound dollar today GBP / USD Forecast 18/03/2016
Players pair pound dollar today is worth waiting for the predominance of "bullish" sentiment in the first half of trading on the currency market. Before trading in the release of important data States is not expected, and investors will focus on the dynamics of the black gold market. Yesterday, the auction price of raw materials added 2.5%, by updating the maximum of last week. Demand for oil has traditionally has a positive effect on the pair GBP / USD. In the second half of the session can not exclude profit taking on long positions in case of positive data the University of Michigan.
Forex recommendations to pair pound dollar today 03.18.2016: Traders pound with greenbacks worth buying a pair Buy on dips to levels of 1.4445 / 1.4405 and Take at around 1.4510.
The dollar against the yen today USD / JPY Forecast 03/18/2016
The currency of the country of the Rising Sun in tandem with the greenback yesterday on the foreign exchange market trading has set a fresh low for the last 14 months. Such strong growth yen tonyud quotations are not happy the monetary authorities of Japan, as is a threat to exporters. Last time yen has grown so dramatically in January this year, and was followed by a verbal intervention of Prime Minister Shinzo Abe. Today, the minimum sample does not seem to be held on Thursday, as investors realize that verbal intervention by Japanese authorities could happen again. And maybe not only verbal ... America in the second half of the session will publish a release on consumer confidence from the University of Michigan. This figure shows a medium-term upward trend against the background of a strong labor market and today is worth waiting for the continuation of a positive trend, it can cause the process of fixing the short position in the currency pair before the weekend.You can not ignore the increase in "risk appetite". On the eve of the US stock market saw an increase in bullish sentiment - in the lead was the energy sector. This factor is a negative for the yen as a funding currency.
Forex recommendations to the dollar yen pair today 03/18/2016: Market participants should buy the pair Buy on decline of quotations to 111.30 / 110.85 and purpose at the level of 112.00.
analyst « FreshForex »