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Main » 2018 » April » 2 » Forex forecast for today 04/02/2018: demand for risky assets
Forex forecast for today 04/02/2018: demand for risky assets


Forex Forecast April 2, 2018

Events today:

17:00 MSK. US: ISM manufacturing index for March (the previous value of 60.8, forecast 60.0).

Fores euro dollar forecast EUR / USD today 02/04/2018

Today, many investors will again rest and in this regard, during the day should not expect strong price fluctuations. Of important macroeconomic statistics should be made a report on the ISM industrial index in the United States. Market expected to decline to 60 n., But this is not a negative factor for the dollar, as the level 60 indicates a high level of business activity in the production. Now the ISM Manufacturing PMI is at a maximum of seven and a small decline is not critical to the US economy. The market for this report can respond to a slight increase in the euro.

EUR / USD recommendation: Buy 1,2310 / 1,2295 and take profit 1,2339.




Forex Pound Dollar exchange rate forecast GBP / USD today 04/02/2018

GBP / USD - traders are two reasons to buy.

First, as noted above, in the second half of the session the United States may decline reported about ISM industrial index, which will have a short-term pressure on the dollar quotes.

Second, during the day we can expect moderate growth of quotations of oil, which is positive for the pound, because of the strong correlation of GBP / USD and Brent. In the United States, reduced the number of drilling platforms that will support the energy market in the short term. Players should expect moderate growth of quotations pound because the auction will take place at low volumes today.

GBP / USD recommendation: Buy 1,4040 / 1,4020 and take profit 1,4070.




Dollar yen Fores forecast USD / JPY today 02/04/2018

Buy a couple amid capital inflows into risky assets. Today, investors are actively increasing their long positions on shares and commodity prices, which is a positive factor for the USD / JPY. Early in the morning the rising sun country published releases on Tankan index for industrial enterprises and the service sector. In the first quarter it rose by 15% on an annualized basis, which is a positive factor for the Japanese stock market. Because today many investors have a rest, I expect moderate growth of quotations during the day.

USD / JPY recommendation: Buy 106,27 / 106,10 and take profit 106,60.






Aleksandr Goryachev

Company analyst FreshForex



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