Events that should pay attention today:
11:30 MSK. UK: Changing amount Q1 GDP (previous value 0.4% q / q; forecast 0.3% q / q).
15:30 MSK. USA: The change in volume Q1 GDP (previous value 2.9% q / q; forecast 2.0% q / q).
The euro dollar EUR / USD forecast for today 04/27/2018
The main event of the day will be the publication of the report on amerikans someone GDP. This is the first assessment and in the United States is usually a tendency revision index upwards, that is below the first estimate of the second and the second below the third. This is due to the collection of statistical information - to the time of publication of the first evaluation GDP not all data collected in full. Thus, we see today is too high results, as we point out that ISM index for the services sector and industry. ISM reports indicate GDP growth at 2.7%. These data we can get to the end of June, when it will be published the third estimate. It is worth noting that the Fed also expects GDP growth of 2.7% in the current year. Today we can see the data slightly better than expected median, which would support the dollar.
EUR / USD recommendation: Sell 1,2120 / 1,2145 and take profit 1,2090.
Pound Dollar forecast GBP / USD today 27/04/2018
With the opening of the European trading session, expect moderate growth of quotations of the British currency against the background of positive dynamics in the credit markets, where yields on 10-year UK government bonds rising to peers from the US and Germany. Further, the course of trading will be determined by the statistics for the first quarter UK GDP. Business activity index from Markit servants in the sector and the industry indicate a decrease in economic growth and in this context, today, we should not expect the release of positive data. For the British currency is a negative signal. As noted earlier, the United States today may please investors positive data on GDP, which in turn will cause a new wave of British currency sales.
GBP / USD recommendation: Sell 1,3945 / 1, 3965 , and take profit 1,3894.
Dollar yen forecast USD / JPY today 27/04/2018
It is worth waiting for the continuation of the upward trend and the growth of quotations to the psychological level of 110.00. The pair will follow the US stock market, which today may show growth in the region in 2700 by the index S & P 500. Of the 154 companies included in the S & P 500 and report the income in the first quarter, 81.2% exceeded market expectations. This is a strong signal to investors, which will increase the "Long" on the shares at current levels. As previously noted, in the afternoon we can expect the release of positive data on US GDP, which will also support the pair USD / JPY.
USD / JPY recommendation: Buy 109,10 / 108,90 and ta ! Ke profit 110,00.
Company analyst FreshForex