Forecast June 10, 2016
News forex traders today:
17:00 MSK. US consumer sentiment index from the University of Michigan for June (the previous value of 94.7, forecast 94.1).
Forex. The forecast of the euro against the dollar EUR / USD today 06/10/2016
Today, the euro dollar to buy two reasons :.
First , yesterday pleased investors positives Germany. The surplus of the balance of payments increased in April by 35.8% y / y to the level of 28.8 billion. Euro. Recall that in March the growth rate amounted to 11.5% y / y /. The increase in the surplus balance of payments is traditionally promotes euro.
Second , reduced "risk appetite" of the European Union for the currency as a positive factor, as a funding currency. The index of "fear" S & P 500 VIX three days demonstrates the growth and, in this regard, investors can now begin to take profits on long positions before the weekend. Although the bond market, the yield on 10-year German government bonds is reduced in relation to the British and American, which reduces the attractiveness of investments in the assets of the Old World. The yield on German bonds established on the eve of a fresh historic low of 0.02% and the care in the negative region can be expected depreciation of the euro.
Recommendations for EUR / USD: Today, the players on the euro / dollar is worth buying euros Buy at reducing the levels of 1.1330 / 1.1300 and target at the level of 1.1380.
Forex forecast for the pound dollar GBP / USD today 10/06/2016
Pound Mixed pattern formed today. On the one hand, the credit markets the yield on 10-year UK government bonds is increasing in relation to their counterparts from the United States and Germany, which increases the attractiveness of investments in British assets. On the other hand, the bearish sentiment in the commodity market traditionally provided support for the dollar, as the cost of raw materials denominated in US currency. It should also be noted that in the US trading session can be expected to yield a positive release on consumer confidence from the University of Michigan in June, which also plays into the hands of "bears". Key macroeconomic indicators point to accelerating economic growth in the United States. It was early in the week and said the chairman of the US Federal Reserve D. Yellen, who is expecting strong growth in consumer spending.
Recommendations for the pair GBP / USD: Today, the players on the Briton paired with an American should not expect a flat market in the range 1.4420 -1.4530.
Forex rate forecast for the dollar, the yen USD / JPY today 10/06/2016
Japan once again disappoint the players weak data on the manufacturing sector. The volume of orders for machinery and equipment in April fell by 8.2% y / y. In the first four months this index has decreased by 1.95%, with an increase of 7.94% was recorded in the same period of 2015. What is the main reason for the negative dynamics? In my opinion, the strengthening of the Japanese yen, which is putting pressure on exporters and does not allow them to increase production capacity. Which way out of this situation? Continuous devaluation of the national currency. Currently USD / JPY pair is trading near the lowest level this year, and the Bank of Japan, it is time to carry out verbal intervention aimed at supporting the dollar bulls. The real action of the monetary authorities of Japan is not to be expected, since the eve of the representative of the Bank of Japan Nakas said that it would take "some time" to the effect of the negative interest rate spread. Thus, the growth of quotations in this currency pair has matured. Today, however, the course of trading will be defined "risk appetite" of investors. The growth index of "fear" S & P 500 the VIX, as well as oil and copper sales signal the fact that today we should not expect an upward trend.
Recommendations for the pair USD / JPY: today, traders should wait for trade sideways 106.40 -107.40.
Analyst « FreshForex »