Forex Forecast March 7, 2018
Forex Events today:
16.15 MSK. USA: Change in the number of employees from ADP for February (the previous value of 234K; 194K forecast).
18.30 MSK. US data on crude oil inventories from the Department of Energy in February (previous value 3.019M; 2.723M forecast).
Forex euro dollar forecast EUR / USD at today 07/03/2018
Players in EURUSD in the first half of trading worth waiting for appreciation of the euro against the background of positive bond market. The yield on German 10-year bonds increased as the British and US is positive for the currency of the Old World. It is important, on the eve late at night on his resignation announced an economic adviser to the US president that will be perceived negatively by investors in the short term.
In the second half of trading forex players for EURUSD worth waiting for reducing the euro currency exchange rate against the backdrop of a positive release of ADP employment in the United States. It is likely, in the first place is to look at the rate of applications for unemployment benefits, which fell in February to the lowest level in the last five years, which signals the release of positive data. Within one to two hours after the publication of data, it is necessary to wait for greenbacks growth.
T Orgov recommendation EUR / USD:
Buy 1,2408 / 1,2385 and take profit 1, 2450 .
Sell 1,2450 / 1,2485 and take profit 1,2410.
Forex Pound Dollar exchange rate forecast for the pair GBP / USD today 07/03/2018
Players on Forex GBP / USD in the first half of trading should not expect the sterling growth against the backdrop of political disagreement within the US government. Donald Trump and his economic with Adviser clashed over trade wars, and G. Cohen has decided to leave his post. Former investment banker Cohen lashed out against the imposition of trade tariffs on steel and aluminum, that did not like Trump. Investors do not like being in political circles there is instability and prefer to sell assets. In the second half of trading vayutnogo market, as already noted, the players should wait for the release of positive data from the US on employment, which will support the American.
Trading recommendation GBP / USD:
Buy 1,3880 / 1,3860 and take profit 1,3920.
Sell 1,3920 / 1,3950 and take profit 1,3880.
Forex dollar yen forecast pair USD / JPY today 03/07/2018
The pair USD / JPY currency traders expect an ambiguous situation. On the one hand, will likely decline chicken pair dollar, the yen against the background of the negative in the credit market, where the yield differential of US and Japanese 10-year bonds is reduced, it is negative for the greenback. In February, investors were waiting for the yield growth of US bonds in the region of 3%, but this level has not yet been tested. On the other hand, employment statistics from ADP may support the greenback as the market will be adjusted on a positive release of Non-Farm Friday.
USD / JPY recommendation: flat 105,25-106,25.
Company analyst FreshForex