Forecast for April 13, 2016, EUR / USD
News forex traders today:
- 15.30 MSK. US: Retail Sales for March (the previous value of -0.1% m / m forecast 0.1% m / m).
- 15.30 MSK. US producer price index for March (the previous value of -0.2% m / m forecast 0.3% m / m).
- 17:30 MSK. US data on crude oil inventories from the Department of Energy in April (previous value -4,937M; 2,800M forecast).
Forex. The forecast of the euro against the dollar EUR / USD today 04/13/2016
Today, traders on the euro with the main event of Bax output of macroeconomic statistics from the US. Data to be released 15.30 MSK., Have a direct relation to inflation, and investors are of particular interest.
At the end of the month will be held a regular meeting on the FED monetary policy, and the more positive data will be released, the more likely that the regulator is seriously say about raising interest rates in the medium term. Today, the chances that the releases come out high positive.
Firstly , increasing incomes of the population in the United States, which together with an increase in consumer confidence from the Conference Board, indicates an increase in retail sales.
Secondly , the growth of quotations on the commodity market has traditionally increases PPI index. In this regard, today's positive data in conjunction with the release of a strong labor market, which are published in the April 1 will add optimism bears. It is worth noting that speaking on the eve of President of the Philadelphia Fed Patrick Harker said he did not rule out raising interest rates three times during the year
Trading recommendations for the euro dollar today 04.13.2016 : Players standing in the first half of trading to sell a couple Sell on price increases to the levels of 1.1440 / 1.1480 and closed at 1.1380 profit.
Forex. Forecast exchange rate pound dollar GBP / USD today 13/04/2016
The players on the British currency in the pair with bucks today in the first half of the session is waiting for the continued growth of quotations for two reasons:
First , the positive data on the Foggy Albion on inflation in March supported the positive trend in the debt market. The differential in yield of US and British government bonds declining the last three trading days, it increases the attractiveness of investment in the United Kingdom assets.
Second , the commodity market dynamics play into the hands of customers, Sterling: oil and metals are in steady demand, which is traditionally negative for the greenback as commodity costs are denominated in US greenbacks. But in the second half of the session, amid demand for the dollar may decline in British quotations.As noted above in the United States can leave positive data today.
Trading recommendations for the pair pound dollar today 04.13.2016 : Traders pound today in forex trading should not expect the flat in the range 1.4230 -1.4350.
Forex. The forecast of the dollar against the yen USD / JPY today 13/04/2016
At present, the dollar yen pair is not a unique situation. The differential in yield of US and Japanese 10-year government bonds expands, it increases the attractiveness of investments in assets States, and support the demand for the American. Yesterday's trading, US stock indices closed in the "green zone" on the background of strong growth in the energy sector securities. The price of oil on Tuesday gained 4%, which supported demand for the shares of commodity companies. The increase in demand for risky assets is traditionally a negative factor for the yen as a funding currency. In addition, positive release of US retail sales and the PPI, will strengthen the demand for greenbacks. But whether it will move up "bull trap"? The chances of such an outcome is high enough, if you look at the first quarterly reports of American corporations. Aluminum giant Alcoa has reported a fall in quarterly profit amid falling commodity prices, a strong dollar, and the closure of factories. On Wednesday and Thursday, investors will focus on reports leading banks: JPMorgan Chase & Co, Bank of America, BlackRock.
Trading recommendations for the dollar against the yen today 04/13/2016 : The players on the dollar yen pair is worth waiting for a side trade in the range of 108.00 -109.00.
Analyst « FreshForex »