Forex. Weather 08.09.2016
The main event today Forex:
11.30 MSK. UK: Industrial Production for June (the previous value of -0.5% m / m; the forecast -0.1% m / m).
Forex. The forecast of the euro dollar EUR / USD today 08/09/2016
Important macroeconomic data is not expected today, and dynamics in the euro dollar pair will determine the bond market.
The differential in yield of US and German 10-year government bonds is still expanding and on Monday reached a level of 1.639% at the close of trading in Europe, which increases the attractiveness of investing in US assets. Yesterday, the media is again exaggerated rumors about a possible increase of the discount rate FOMC on 21 September. It is important to understand that this is just a rumor and the chances of such an outcome is not great, the Fed is likely to raise rates in December, after the presidential election. Although the market is traditionally lived rumors and investors today is enough to buy the dollar on corrections.
EUR / USD recommendation: Today, the players on the euro is to sell a couple of greenbacks Sell on the growth of quotations to 1.1100 / 1.1130 and take profit at the level of 1.1050.
Forex. Forecast exchange rate pound dollar GBP / USD today 08/09/2016
Two reasons to sell the pound on the foreign exchange market:
First , the credit markets remain strong drop in the yield on 10-year UK government bonds relative to US and German, which reduces the attractiveness of investments in the assets of Albion. Spread UK / US on Monday reached multi-year lows, dropping to mark -0.961%.
Second , today is worth waiting for lower oil prices as Brent shows a 4-day rise against the backdrop of negative fundamental background and probably the end of the corrective movement and the resumption of the downtrend. Oil is now need to actively sell as the current levels are very attractive for the "shorts" with a profit of $ 40 / barrel in the confluence of the next two weeks. Bearish sentiment has traditionally put further pressure on the pound.
GBP / USD recommendation: Today, the players on the GBP / USD pair is to sell Sell on the growth of quotations to 1.3085 / 1.3130 and take profit at the level of 1.2920.
Forex. Forecast of the dollar, the yen USD / JPY today 09/08/2016
Players forex dollar in tandem with the Japanese currency today waiting for a mixed background. Investors can continue to buy the dollar amid rising Treasury yields after strong data on the labor market in July. This is a positive factor for the "bulls". On the other hand, in the United States in the stock market yesterday there was a moderately negative trend and rising VIX fear index by 1.5%, which indicates a lack of demand for "risk assets" and in turn positive for the yen as a funding currency in operations №1 carry trade.
USD / JPY recommendations: Today, traders on the pair USD / JPY is waiting flat is in the range of 101.50 -102.90
Analyst « FreshForex »