Free no deposit Bonus Forex
Thursday, 26.04.2018, 04:48
Welcome Guest | RSS
Main RegistrationLogin
Site menu
Login form
Make money on Fore
FreshForex bonus

Total online: 1
Guests: 1
Users: 0
RoboForex bonus
Main » 2016 » October » 5 » Forex forecast for today 06.10.2016: EUR / USD - hard times, GBP / USD - short!
Forex forecast for today 06.10.2016: EUR / USD - hard times, GBP / USD - short!


Forex forecast for today 06.10.2016: EUR / USD - hard times, GBP / USD - short!

 Forex. Weather forecast on October 6, 2016


The main event for investors today:

15.30 MSK. US: The number of initial applications for unemployment benefits in September (the previous value of 254K; 255K forecast).

Forex. Currency pair EUR USD forecast EUR / USD today

Investors pair euro dollar today is to continue to build short positions, anticipating strong growth in greenbacks. Why such expectations? 



America in the first half of the trading week on the forex, investors were pleased with a strong report on business activity in the manufacturing and non-manufacturing areas, and trade balance. Tomorrow will come the main month report and investors should wait for the release of strong employment data, which again heats the rumors on FED raising interest rates. The growth of "risk appetite" so it is not necessary to disregard that for the euro as a funding currency, a negative factor. Wednesday, the stock market closed confidently states plus and the VIX fear index has lost more than 4%. 


EUR / USD recommendation : euro Investors paired with an American in the foreign exchange market is to sell the pair EUR / USD the Sell position on the growth of quotations to 1.1215 / 1.1250 and take profit at the level of 1.1175.



Forex. The currency pair Pound Dollar forecast for today GBP / USD 06.10.2016

Yesterday's US statistics indicating that investors in the sterling worth to build short positions on the growth of quotations. 

The first reason , the negative balance of trade in August fell by 8.7% / y / y to the level of 40.7 billion. Dollars. In July the figure fell by 1% y / y. Reducing the trade deficit is traditionally positive effect on dollar quotes. 

The second reason , the composite ISM index for the non-productive sphere pleased traders report strong: all the key indicators for the service sector showed growth, which indicates the acceleration of economic growth. The value of PMI at 57.1 corresponds to the growth of GDP by 3.2% in September. The yield on 2-year Treasury note, which is closely correlated with the rate of the US Federal Reserve, rose by 0.08% - strong statistics contribute to the growth expectations of tighter monetary policy FOMC. 

GBP / USD recommendation : Investor for the sterling with bucks worth to sell the pair GBP / USD on the Sell growth of quotations to 1.2770 / 1.2810 and take profit at the level of 1.2705.


Forex. Forecast the dollar yen pair today USD / JPY 06.10.2016

The growth of quotations instrument USD / JPY pair is gaining, and traders should not trade against the trend. After corrective pullbacks market participants is to increase purchases in the direction of the maximum in September (104.31). Perhaps this level the pair will test on Friday, after the Non Farm Pub. Yesterday's report on the ISM employment data pleased investors strong: index rose to the highest since November 2015. Since this figure to determine the main Non-Farm, then Friday is worth waiting for good data on employment, this will increase demand for American. The differential in yield of US and Japanese 10-year government bonds rose to the eve of the maximum level for the past 4 months, which increases the attractiveness of investing in US assets. 


USD / JPY recommendations: the dollar with investors yen today in the forex is to buy the pair USD / JPY quotes at reducing the Buy to 103.10 / 102.70 and take profit at the level of 103.70.




Aleksandr Goryachev

Analyst « FreshForex »


Views: 215 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Forex Brokers
no deposi binary
«  October 2016  »
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright © 2018-2012
    Website builderuCoz