Weather forex November 28, 2016
Forex currency pair euro dollar forecast EUR / USD today 11/28/2016
In the currency market today for the pair euro dollar market participants should not expect sideways trading. News today is not expected, and against this background that the players should pay attention to credit and stock markets.
On the debt market the differential yields of German and US 10-year government bonds on Friday has not changed, it robs players of leading indicator. In global stock markets remains growth, although the growth rate decreased. In this connection, on Monday a correction for stock indices, this is a positive factor for the euro. fear index VIX signals that investors remain "appetite for risk" in the case of reducing the stock price, buyers will actively build long positions at attractive levels, it will put pressure on the euro as a funding currency. Today will be ECB President Mario Draghi, but important statements should not expect from him. Draghi has repeatedly advocated this month and all it came down to the fact that the ECB will act on the plan (to keep low interest rates and buying bonds until March 2017). The current dynamics of the currency market plays into the hands of the ECB: since the beginning of the fourth quarter, the weighted average euro exchange rate to a basket of currencies fell by 2.9%, which increases the competitiveness of European products, and will contribute to the growth of exports. Moreover, the depreciation of the euro put upward pressure on inflation. Thus, the current trend is positive for the ECB and the need to carry out verbal intervention there.
EUR / USD recommendation: Players on the euro in tandem with the American today should not expect the flat in the range 1,0540- 1.0650.
Forex currency pair Pound Dollar forecast GBP / USD today 28/11/2016
Today the pair gbp usd forex formed a mixed background. In the credit markets, the yield on 10-year British government bonds of moderate growth in the German and the US, this is a positive factor for the sterling. The price of oil, which have close historical correlation between the pound on Friday completed the bids fall by 3.9%, it will put pressure on the British currency. All important news this week is yet to come, and today players will take a wait and see attitude, to determine the further direction of the market.
GBP / USD recommendation: Traders pound today is worth waiting for the flat in the range 1,2430-1,2530.
Forex currency pair Dollar Yen Forecast USD / JPY today 28/11/2016
The dollar yen overdue correction, as the pair is overbought, and only since the beginning of the month exchange rate USD / JPY up by 8%. "Trees do not grow to the sky" - so say the traders in the United States, when they see such a rapid growth of quotations. In addition, there is a reason for the correction - Inflation in Japan up to October rose to the maximum this year. Growth symbolic (0.1%), but it is necessary to understand that the last six consecutive months of deflation in Japan. Against this background, the absence of bad news in itself is positive. Although sustained "risk appetite", which is observed after the victory of J. Trump on the US presidential election, can not afford the yen strengthened greatly. On Friday, investors quickly redeemed decrease in quotations and ended the trading day above the 113 figure. If today's downward correction will happen, then this reduction is used to open a position to buy based on the continuation of the uptrend.
USD / JPY recommendations: Flat 112,55-113,65.
Alexander Goryachev Analitik Company FreshForex