Forecast for March 22, 2016, EUR / USD
News forex traders today:
12.00 MSK. Germany: Indicator conditions of the business environment from IFO for March (the previous value of 105.7; 106.1 forecast).
12:30 MSK. United Kingdom: CPI for February (the previous value of 0.3% y / y; the forecast of 0.3% y / y).
The euro exchange rate against the dollar today EUR / USD Forecast 22/03/2016
Today the foreign exchange market players for the euro in tandem with the American in the first half of trading is necessary to pay attention to the data IFO Institute.
This indicator is closely monitored investors because it is closely correlated with the dynamics of German GDP.This indicator shows a negative trend for three months, and today against the background of growth in the euro rely on the data output better than the consensus forecast is not worth it. The competitiveness of German products is reduced, as evidenced by the trade balance data. Low inflation brings increased risks to the economy, as businesses can not expand production. The yield on 10-year government bonds in Germany decreased in relation to the British and American, which plays into the hands of the sellers of euro / dollar.Moderately positive report on inflation in the Foggy Albion will have a short-term support for sterling, this will cause a decrease in quotations of the cross-rate EUR / GBP and will put additional pressure on the euro / dollar rate.
Forex recommendations for the euro today 22.03.2016 : Traders should sell the pair Sell on rate rise to levels of 1.12365 / 1.1300 and goals at the level of 1.1215.
The pound against the dollar today GBP / USD Forecast 03/22/2016
For traders with greenbacks a pound main event to date report on the United Kingdom inflation. A strong labor market data indicates the output level or slightly better than the consensus forecast, it will support the quotes British. Unemployment in the UK at a minimum level since 2005, while the average monthly growth of average earnings in the last three months was 0.2%, which contributes to inflationary pressure. Positive trend confirmed by the retail sales report for January: sales increased by 5.2% over the same period of 2015. Black gold market also do not leave unattended, which is closely correlated pound. At yesterday's auction, market participants built up long positions on oil pullback, enabling complete trades in the "green zone". This gives reason to believe that the positive trend for Brent and WTI this week to survive, it will allow the "bulls" to carry out a new attack on the dollar. In credit markets multidirectional trend: the British government bond yields lower against the US Treasuries, but is growing in relation to German bonds.
Forex recommendations to pair pound dollar today 22.03.2016 : traders should buy the pair pound dollar Buy on dips to 1.4355 / 1.4315 and 1.4440 on the take.
The dollar against the yen today USD / JPY Forecast 03/22/2016
Trading in the pair USD / JPY today will determine the "risk appetite". On the eve of the markets experienced moderate demand for risky assets, it is negative for the yen as a funding currency in the carry trade №1 operations. Oil, industrial metals and the US stock indexes finished trading in the "green zone", while safe-haven assets such as the yen, the euro, gold and the Swiss franc during the day under pressure. The worst feeling "yellow metal", which quotes slipped by 0.75%. This positioning of market participants points to the prevalence of "bullish" sentiment in the currency pair. While strong growth in quotations should not count.America yesterday upset investors weak macroeconomic statistics: housing sales in the secondary market decreased by 7.1% in February. During the period from January to March home sales fell by 6.7%, which once again confirms the hypothesis that the Americans are beginning to save more than you spend. Despite the increase in real income in the United States - consumer activity demonstrates the decline in the last two months.
Forex recommendations to the dollar yen pair today 22/03/2016 : The players should buy the pair Buy on lowering prices to levels 111.60 / 111.30 and 112.20 at Target.
analyst « FreshForex »