Forecast June 9, 2016
Top Stories traders today:
10.00 MSK. Eurozone: ECB President Mario Draghi will deliver a speech.
11:30 MSK. United Kingdom: Balance of visible trade in April (previous value -11,20B; -11,20B forecast).
15.30 MSK. US: The number of initial applications for unemployment benefits in June (the previous value of 267K; 270K forecast).
Forex. Prognozkursa euro dollar EUR / USD today 06/09/2016
Two reasons for traders to pay attention to the performance of the ECB Mario Draghi in the first half of trading forex.
First , the number of supporters in England Brexit grows, it is a negative factor for the Albion, and the Eurozone.
Second , the yield on 10-year government bonds of Germany, which reflect inflation expectations in the euro area, is close to zero. In this regard, the conclusion is that the CPI will not have to be observed in the short term. Do not leave without attention and growth in demand for "risky assets", it is negative for the euro as a funding currency. Can the euro quotes today to go down on this background? It seems they can. Although, before the sale is possible to move up to 1.1440.
The bond market indicates a bullish signal: German government bond yield increases in relation to the American and British, it increases the attractiveness of investments in the assets of the Old World.
Recommendations for the EUR / USD today: Traders in the euro with bucks today in the forex is to buy a pair Buy on lowering prices to levels 1.1385 / 1.1360 and to close the transaction in the area of 1.1440.
Forex. Pound Dollar exchange rate GBP / USD forecast for today 09/06/2016
Player Briton paired with greenbacks in the first half of trading on the forex quencies pay attention to the report on the trade balance in the UK in April. Yesterday's positive data on industrial production, can expect to release a better yield consensus. This is indicated by the seasonal factor. In April, traditionally a reduction of the negative trade balance. In oil trading buyers received a new batch of positive from the US Department of Energy is able to provide support sterling quotes. Although the credit markets the yield of British 10-year government bonds is reduced to the German and American, it reduces the attractiveness of investments in the United Kingdom assets.
Recommendations for pair DBP / USD today: pound traders today worth buying in the currency market pair GBP / USD Buy on dips to levels of 1.4480 / 1.4450 and targets at 1.4550.
Forex Dollar Yen USD / JPY forecast for today 06/09/2016
Player ape USD / JPY today is opening long positions. The growth of "risk appetite" for the yen as a funding currency in the carry trade №1 operations, a negative factor. The S & P500 yesterday the US stock market has set a fresh peak of the year and to update the historical maximum left to show growth of only 0.8%. This line of code is likely to overcome the US Federal Reserve meeting, which is scheduled for June 15. In high-demand cross-rates is observed, indicating strong buyers in risky assets.
USD / JPY recommendations for today: Traders on the dollar against the yen today in the forex market is to buy a pair Buy on reducing the area of 107.00 / 106.70 and tech profit at 107.60.
analyst « FreshForex »