Forecast April 12, 2016, EUR / USD
News forex traders today:
- 11:30 MSK. UK: Consumer price index for March (the previous value of 0.2% m / m, 0.3% y / y, forecast 0.3% m / m, 0.3% y / y).
Forex. The forecast of the euro against the dollar EUR / USD today 04/12/2016
Today, traders on the euro dollar pair are three reasons to wait for the growth of the euro / dollar exchange rate.
First , bullish on the commodity market have on the greenback, as the cost of raw materials denominated in US greenbacks.
Oil and base metals confidently closed the trading session on Monday in the "green zone".
Second , the yield differential of US and German government bonds reduced, it increases the attractiveness of investments in the assets of the Old World.
Third , the growth of pessimism in the world's leading stock markets plays into the hands of buyers euro as the euro currency funding.
Trading recommendations forex pair euro dollar on 12/04/2016: Players on the euro in tandem with the American today in the first half of trading is to buy a pair Buy on lowering prices to levels 1.1395 / 1.1360 and 1.1440 at the close of the transaction.
Forex. Prediction of the pound against the dollar GBP / USD today 04/12/2016
For players with a pound green at auction today, the main event of the output in Albion inflation data for March.The yield on 10-year British government bonds, which reflects inflation expectations in the first month of spring has increased by 8 bp The main drivers of growth - it is gasoline prices, which rose by 5.6%, and an increase in average weekly earnings by 0.2%, which is observed in the last three months. Against this background, it is necessary to wait for the report within the median forecasts. Although, if you release on the CPI can all still a pleasant surprise (the final figure of 0.4% y / y and above), the Briton will receive strong support. The yield on UK bonds in the credit markets is increasing to US and German second day in a row, it increases the attractiveness of investment in the UK assets. The oil market also can not be ignored: Brent grade in yesterday's trading gained 1.8%, is also on hand to buyers pair GBP / USD.
Trading recommendations forex pair pound dollar on 04/12/2016 : Trading in the first half of trading is to buy a pair Buy on lowering prices to levels 1.4210 / 1.4170 and closed at 1.4280 profit.
Forex. The forecast of the dollar against the yen USD / JPY today 04/12/2016
In the United States and Japan, the second day of important economic data is expected. Although a steady decline in the dollar yen pair is still preserved. Market participants continue to increase buying of safe assets, the euro, the yen and gold, and leave the "risky assets". This signals that the dollar yen pair is coming a new wave of sales. Against this background, the short-term growth of quotations today traders should be used to build short positions.
Trading recommendations for the dollar yen pair on 12/04/2016 : The participants of the forex market today, in the first half of trading is to sell a couple Sell on rate rise to levels of 108.05 / 108.45 and 107.45 at Target.
analyst « FreshForex »