Forex weather on August 11, 2016
The main events forex today:
15.30 MSK. US: The number of initial applications for unemployment benefits in August (the previous value of 269K; 272K forecast).
Japan - bank holiday.
Forex. The forecast of the euro / dollar today EUR / USD 11.08.2016
For investors, the pair EUR / USD formed a mixed background today.
On the one hand, the cross-rate EUR / GBP close to the maximum of the last three years that supports the euro.Problems in the British economy are putting pressure on the pound, but the collapse of the pound against the euro will have a positive impact on exporters. This factor supports the euro against the dollar. On the credit market differential yields on 10-year German government bonds and US environment has not changed, which is also positive for the euro, as in the last few days spread changed in favor of US assets. On the other hand, the decrease in prices of oil can have a positive impact on the value of the dollar, as the black gold is quoted in US currency.
EUR / USD recommendation: Players on the Hebrew of the dollar today is worth waiting flat is in the range of 1.1200 1,1070-.
Forex rate forecast for the pound dollar today GBP / USD 11.08.2016
GBP / USD - traders are two reasons for pound sales:
The first, published on the eve of the release of crude oil reserves from the US Department of Energy indicates that the downward trend for the black gold is not yet complete, and in the near future we will see a new wave of sales. Oil reserves have been growing three trading weeks in a row, the last time this was in April. Car season in the United States in the middle of August is traditionally the peak month in terms of holidays, and we do not see any reduction in oil reserves. Oil poured into the fire, and on the eve of the Saudis, who reported about a new historical maximum of oil production. Investors traditionally negative view of this information, and in this regard can be expected to decline as the prices of oil, and the pair GBP / USD, because both tools have a strong direct correlation.
Second, in the credit markets, the yield on 10-Feeds UK government bonds continued to fall relative to their counterparts from the United States and Germany, which reduces the attractiveness of investments in British assets.
GBP / USD recommendation: Today igro pair pound / dollar pair is worth selling Sell the growth of quotations to 1.3020 / 1.3060 and take profit at the level of 1.2948.
Forex rate forecast for the dollar, the yen USD / JPY today 11/08/2016
In the morning you can expect a period of low liquidity, as in Japan today bank holiday. US stock market is difficult for storm new heights. Now we are close to historic highs on the S & P500, but the fear index VIX growth of the last three trading days indicates that we will see a correction, a serious reversal in the market. While'll be careful in their conclusions and we will speak about the correction. However, even a correction in the stock markets is enough to see the development of the downward trend in the pair, as the reduction in "risk appetite" is the demand for the yen as a funding currency in the carry trade №1 operations.
USD / JPY recommendations: Players on the USD / JPY today is selling a pair Sell on the growth of quotations in the area of 101.40 / 101.80 and take profit at the level of 100.75.
Analyst « FreshForex »