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Main » 2018 » March » 6 » Forex forecast for today 06.03.2018: EUR / USD - two reasons SELL
Forex forecast for today 06.03.2018: EUR / USD - two reasons SELL


Forex forecast of the euro dollar today EUR / USD 06.03.2018

Pair EUR / USD - today traders there are two reasons to open short positions.

First, a good report on the ISM Non-Manufacturing index gives a signal to accelerate rostaekonomiki in the United States, contributing to a drop in yield spread of German and US 10-year bonds. Current index PMI corresponds to an increase of GDP by 3.9%.

Second, the positive statistics on the services sector reassured bulls for opening long positions on the US stock market, which in turn caused a decrease ktsen for the precious metal. This is negative for the euro, as the EUR / USD pair is strongly correlated with gold 


EUR / USD recommendation: Sell 1,2350 / 1,2370 and take profit 1,2285.







Forex Pound Dollar exchange rate forecast for today GBP / USD 06.03.3018

Players on the pound during trading should not expect a moderate strengthening of the British. UK PMI index service sector in February rose to a peak in the last nine months, which caused an increase in the yield of British 10-year bonds to peers from Germany and America. It quotes the British = support at auction on Tuesday. Another positive factor for the sterling - a rising dynamics of oil prices, as the GBP / USD pair is correlated with Brent oil. Investors are increasing their long positions in "risk assets" - you can see the shares rise, copper, oil. 

GBP / USD recommendation: Buy 1,3830 / 1,3810 and take profit 1,3870.




Forex rate forecast for the dollar, the yen today USD / JPY 06.03.2018

Today, currency traders should buy the USD / JPY on the back of strong demand for "risky assets". On the eve of the world's leading stock markets traded in the "green zone", which is a positive for the dollar yen pair, since the Japanese Yen is the currency of funding №1 in carry trade operations. The index of "fear" on the eve of the VIX dipped by more than 5%, which confirms the desire of investors to buy the stock at current levels. Following yesterday's trading in the US of the thirty stocks within the industry DJ30 index, only Nike has finished trading lower. 

USD / JPY recommendation: Buy 106,29 / 106,02 and take profit 106,75.





Aleksandr Goryachev

Company analyst FreshForex



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