Forex. Weather forecast on 11.11.2016
The main events forex today:
18.00 MSK. US consumer sentiment index from the University of Michigan in November (the previous value of 87.2, forecast 87.4).
Forex. Currency pair EUR USD forecast EUR / USD today 11/11/2016
Greenbacks grow on all fronts: the US currency strengthened and the major competitors, and the currencies of emerging economies.
The yield on 10-year US Treasury bonds shows growth, thereby expanding the spread with German bonds had, and causes depreciation of the euro currency. It should be noted, the yield of German debt securities decreased and British bonds, it will help to reduce the cross-rate EUR / GBP and will put additional pressure on the euro. On the macroeconomic players today is to provide a report on consumer confidence of the University of Michigan. With increasing average earnings and reducing unemployment by the end of October is likely yield positive data. Denezhek Americans have become more and more, and not expect that will be used to finance an increase in consumption. Positive statistics supplement flax support the dollar quotes.
EUR / USD recommendation : Today, a pair of euro dollar forex trading is to sell players to pair Sell 1,0900 / 1,0950 with the aim of take profit 1,0850.
Forex Currency pair pound dollar forecast GBP / USD today 11/11/2016
In a pair of sterling dollar situation is ambiguous. Against the background of negative data from Albion and positive from the United States, the British have to show weakness. It should be added the reduction of yield spread of 10-year government bonds and the fall of oil prices. It turns out a sufficient set negative for sterling. However, the British currency ignores the background and demonstrates the power. This pattern indicates the presence of a large number of bulls, in the pockets of which have enough money to ignore the negative. But the question arises: why do these buyers came into the market at the time when the dollar strengthened? Is it too optimistic investors in relation to the prospects for the pound? Before the US presidential election, investors awaited the Fed will not raise interest rates at its meeting in December in the case of Trump's victory, and this event will have a strong pressure on the Americans. If you look at the dynamics of futures on a bet the Fed, the chances increase on December 14 was 78%, against 71% the previous week. Today is better to stay away from this pair and wait for the closing of the current trading week. If investors will arrange the sale today, then on Monday you can safely open Sell position.
Forex. Currency pair yen dollar forecast USD / JPY today 11/11/2016
The pair is approaching the maximum of July 21 (107.48). This level of the players likely to see today, as the bond market is going insane: the yield differential of US and Japanese 10-year bonds last two trading days shows a growth of 12 bp Current yield spreads indicates that the mark is not a limit of 107.48 and possibly higher levels. US index DJ30 eve updated historical maximum, which is positive for the pair, as it indicates the growth of the "risk appetite". As noted earlier, in the second half of the day is to wait for the positive data from the US, that the hand of "bulls".
USD / JPY recommendations : traders should buy the pair Dollar Yen Buy 106,45 / 106,00 with a view to take profit 107,20.
Author: Aleksandr Goryachev analyst FRESHFOREX
Results of trade Alexander Goryachev in their forecasts c 8 to 10 November