Forecast for April 6, 2016, EUR / USD
News forex traders today
- 09.00 MSK. Germany: Industrial Production for February (the previous value of 3.3% m / m; the forecast -1.8% m / m).
- 17:30 MSK. US data on crude oil inventories from the Department of Energy in March (the previous value of 2,299M; 3,333M forecast).
- 21.00 MSK. US: Publication of minutes of the Fed.
The forecast of the euro dollar EUR / USD today 04/06/2016
Investors ignored the positive US releases of ISM and the labor market and purchase the drawdown of the single European currency. In this regard, I expect growth of quotations to a maximum of the last trading week.
Forex traders reacted to the weak data from the US - the euro could not in the past few days, even fall below 1.1335. The report from the ISM for the service sector, which was published on Tuesday, can be recorded in the asset dollar: key performance indicators such as PMI, New Orders, Prices showed an increase compared with the previous month, an increase of GDP by 2.2% in annual terms and within the last forecast of the FOMC.Although, despite the positive report, the dollar failed to benefit from it more dividends. The strengthening of the US currency was of a very low-key, and after the close of London trading session, "bulls" on the dollar and all dissolved. In credit markets, there is also growing optimism: the yield on 10-year government bonds in Germany is growing in relation to their counterparts in the US and the UK, which increases the attractiveness of investment in European assets. An additional impetus to the euro can get and from the minutes of the last meeting of the US Federal Reserve, where you can expect the negative comments. On the one hand, the market has already priced in almost unwillingness actively FED to raise interest rates. On the other hand, when the market is set up against the dollar, investors will be looking for the slightest excuse to sell the US currency.
Forex recommendations for the euro / dollar today 06.04.2016 : Players should buy the pair Buy on dips to levels of 1.1380 / 1.1350 and Target at the level of 1.1440.
Forex forecast the pound to dollar GBP / USD today 04/06/2016
Today, the players on the pound with greenbacks three reasons to wait for lower prices.
First , yesterday's release of the PMI service sector in the UK and the US in March contributed to the expansion of the differential rates in favor of the latter. Both indicators increased compared to February, but in America the pace rsota was higher. Why pay a lot of attention these reports? Because the service sector accounts for about 2/3 of GDP as the US and Albion. It is this sector form the basis of the economies of both countries and in this regard, investors have traditionally been closely monitoring the business activity in this sector.
Second , the bond market has also sent a bearish signal to fans of the British currency. The yield on UK government bonds is reduced in relation to their counterparts from the US and Germany.
Third , as noted above, during the bidding should not expect the growth rate of European currency, which will support demand in the cross-rate EUR / GBP, and will have additional pressure on the Briton. On Wednesday, the cross rate has weight by 0.8%.
Forex recommendations to pair pound dollar today 04.06.2016 : Trading in forex trading is beginning to sell a couple Sell on rate rise to levels of 1.4175 / 1.4210 and close the position at 1.4125.
Forex. The forecast of the dollar against the yen USD / JPY today 06/04/2016
Dollar Yen completely ignores the positive data from the United States from the United States, and the negative reports from Japan. The couple have a life that follows the dynamics of the stock markets, especially Japan.The Japanese stock market just completely played a negative fundamental background for the Land of the Rising Sun: poor statistics sent the Nikkei 225 index in knockout. Over the past five trading days, the stock indicator of the Tokyo Stock Exchange lost 8%. Overstock risky assets observed in Europe, where the largest decline in the shares of the banking sector, which is the first wake-up call. Published on the eve of a negative report on the US trade balance for February confirmed investors' fears that the upcoming corporate reporting season in the US will be a failure: the negative balance increased by 47.06 billion dollars, which is the maximum additional monthly level since February 2008.. During the first two months of 2016 the deficit amounted to 92.94 billion. Dollars, which is 13.07% higher than a year earlier. Reducing the "risk appetite" is positive for the yen as a funding currency. The credit market is also on the side of "Bears": the differential yields on US and Japanese government bond is reduced, which contributes to the inflow of capital into Japanese assets.
Forex recommendations to the dollar yen pair today 04/06/2016 : The players on the dollar with the yen today is selling a pair Sell on price increases to the levels of 110.70 / 111.10 and objectives na110.05.
Analyst « FreshForex »