Forex forecast on October 19, 2016, EUR / USD
Traders main events for today:
11:30 MSK. United Kingdom: Unemployment rate in August (the previous value of 4.9%, forecast 4.9%).
11.30 MSK. United Kingdom: Changes in the level of average earnings for August (the previous value of 2.3% 3m / y, forecast 2.3% 3m / y).
17.30 MSK. US data on crude oil inventories from the Department of Energy in October (the previous value of 4,900M; 2,705M forecast).
Forex currency pair euro dollar forecast EUR / USD today 10/19/2016
Yesterday's trading forex pair euro exchange rate of the currency market the dollar declined after the release of the report on inflation for September in the United States.
Today, the players on the euro, as the market reacted to the weak strong report, it is worth waiting for the continuation of decline in prices. Inflation in the US rose to the highest since November 2014, and the rate of core CPI 11 consecutive months of above 2%. In this dynamic, the Fed may raise interest rates at one of the two remaining meetings in 2016. If you look at the differential rate CPI Eurozone and the US, by the end of September, he has expanded by 0.2%. Investors look at these changes in the short term, as inflation №1 indicator for Forex. Spread yields of German and US 10-year government bonds in the credit markets continued to decline, it plays into the hands of the bears. USDX Dollar Index is aimed at testing the high of February 98.59, which implies a decline in the euro area in the ninth quotes figures.
EUR / USD recommendation: Today forex players should sell the pair eur usd with a broker the Sell FreshForex on the growth of the euro to 1.1000 / 1.1030 and take profit at the level of 1.0960.
Forex currency pair Pound Dollar forecast GBP / USD today 19/10/2016
Investors on the pound against the greenbacks today waiting for a mixed background. Probably from the United Kingdom should not expect moderately positive macroeconomic statistics on the labor market. This is indicated by Gfk consumer confidence index and the rise in house prices, which are closely correlated with the dynamics of wages.Another positive for the British - is ignoring the strong US data on inflation on Tuesday. This situation indicates the existence of a large number of buyers, although the picture will become clear today when the pound again ignore the negative. One day it is difficult to judge the mood of the market. The dynamics in the credit markets also should be attributed to the negative factors, which reduced the profitability of British 10-year government bonds to German and American.
GBP / USD Recommendations : Players on the pound is worth waiting for trade today in a sideways channel 1,2240-1,2340.
Forex currency pair Dollar Yen Forecast USD / JPY today 19/10/2016
In Forex, the dollar against the yen three trading days trading in a narrow flat market -104.47 103.60, against the background of a strong uptrend suggests a set of positions by large players. Global investors are in no hurry and quietly buying up the Bucks. Thus, the longer a couple is standing in the flat, the stronger will be a way out. When the market will make the jump up? I understand this is difficult - this can occur as the next minute and the next day. But the wait is obviously not a long time. In this regard, traders should stay in the Long and build them on short-term correction.The situation in this pair is still positive.
First , data on US inflation did not disappoint: the rise in prices by 1.5% in annual terms, the Americans had not seen for almost two years. Since the beginning of the year, consumer prices rose by 2.07%, against 1.33% a year earlier.
Secondly , the US stock market on Tuesday closed trading in the "green zone". The leaders of growth were the paper technology sector, indicating a high "risk appetite" and has traditionally supports the pair.
USD / JPY recommendations : Investor dollar today worth buying with a pair Buy broker FreshForex reduce quotations to 103.85 / 103.60 and take profit at the level of 104.40.
Analytics company FreshForex