Forecast June 13, 2016, EUR / USD
Forex news today:
- It is not expected of important macroeconomic statistics.
Forex. The forecast of the euro against the dollar EUR / USD today 06/13/2016
On the foreign exchange market trading on Monday of important macroeconomic statistics is expected. In this context, the dynamics of bidding will determine the debt and equity markets.
The yield on 10-year government bonds in Germany last week set a historic low at around 0.01% and may soon go into the negative region. Investors, on this background will come out of the assets of the Old World, and will build up a position on US Treasuries, it is positive for the US dollar. Global stock markets were closed last week in the red, it is a positive factor for the euro as a funding currency. Although, in the past two trading days, the euro has ignored a driver for the growth of quotations. What does this mean? Perhaps the market came strong sellers who use short-term growth of quotations to build short positions. While it is not necessary to hurry up, and you need more time to look at the market reaction to capital flight from risky assets. If today, investors ignore this positive background for the euro, then tomorrow can actively open Sell position.
EUR / USD trading recommendations : Today, the players on the euro with the dollar worth waiting trading in a sideways range 1.1200 -1.1300.
Forex. Forecast exchange rate pound dollar GBP / USD today 13/06/2016
Sell Two reasons for the pound:
First , at the auction on Friday investors massively rid of sterling after the outcome of a poll by the newspaper The Independent: Brexit number of supporters was 55%. A year The Independent polls conducted data, and the level of 55% was the highest during this period. Positive social out in May. polls and then the pound grew up, but I had warned that the situation may change, and new traders will sell the British. Pound began to sell. There is a chance a couple of days to see the results of the new soc. survey, and new reaction - possibly strengthening of the British currency. But as long as the market worried about the negative, and it will win back.
Second , after a negative report oilfield services company Baker Hughes, which on Friday reported about increase in the number of drilling rigs in the United States and Canada on 3 and 16, the oil market began sales.A week ago in Canada were 13 oil rigs. Thus, an increase of 123%. In this regard, in the near future should not expect an increase in production in both countries, that the "black gold" is a negative factor, and historically puts pressure on the pair GBP / USD.
GBP \ USD trading recommendations : traders pound against the greenbacks today in the forex market is a couple Sell the growth rate of the British to 1.4295 / 1.4350 and a target at 1.4180.
Forex rate forecast for the dollar, the yen USD / JPY today 13/06/2016
Players on the dollar in tandem with the currency of the country of the Rising Sun on the background of capital flight from the "risky assets", now waiting for lower prices. Overstock in world stock markets and high-yield cross-rates indicates a decrease in "risk appetite" of investors, it is traditionally positive for the yen as a funding currency in the carry trade №1 operations. The index of "fear" S & P 500 VIX rose 26.4% last week, to the level of 17.03. Last time such a strong index growth in percentage terms was recorded in the first week of 2016, when the panic sell-off occurred in the global financial markets. It should be noted that copper also came under pressure last week - the first asset traditionally signals the presence of fear among investors.
USD / JPY trading recommendations: traders for the pair dollar, the yen, the currency market today is the auction to sell the pair Sell on price increases to the levels of 107.10 / 107.40 and profit at the level of 106.50.
Analyst « FreshForex »