Weather Forex March 15, 2018
15:30 MSK. US: The number of initial applications for unemployment benefits in March (the previous value of 231K; the forecast 230K).
The euro dollar forex EUR / USD forecast for today 15/03/2018
Today, forex traders should buy the EUR / USD for two reasons.
First, the yield on German 10-year bonds shows the growth of the American and British bonds in the debt market, it is attractive to invest in the assets of the Old World.
Second, the growth in the commodities market, will put pressure on the greenback quotes, as the raw material is quoted in US currency. In this regard, during the day we can expect moderate growth in the euro quotations, strong movement should not expect today, because there is no important macroeconomic statistics.
EUR / USD recommendation: Buy 1,2375 / 1,2350 and take profit 1,2417.
Pound dollar forex forecast pair GBP / USD today 03/15/2018
Pound forex players now waiting for a mixed background. On the one hand, the possible reduction in the course of the British against the background of the negative dynamics of the debt market, where falling yields British 10-year bonds to US and German bonds. Investors worried about the geopolitical tensions that arose between the United Kingdom and Russia. On the other hand, the positive dynamics of commodities will have a negative impact on the US dollar, which can reassure "bull" to open a long position on the pound. Now it is difficult to understand which of the two factors will have a strong influence on the course of trading.
GBP / USD recommendation: flat 1,3920-1,4020.
Dollar yen forecast pair USD / JPY today 03/15/2018
Today, forex traders should buy the pair USD / JPY, as the current levels are attractive for opening long positions. The main driver for the growth of the dollar yen pair will perform the US stock market, which the USD / JPY pair has a strong correlation. Capitalization of the 30 largest American corporations to profit now stands at 25.92, which is 15% lower than at the beginning of the current year. Last month, investors were afraid of a sharp growth in yields on 10-year US government bonds, but even this figure is now at an acceptable level of -2.81%. In this regard, it is necessary to wait for the gradual growth of quotations on the index S & P500, which had a positive impact on the pair quotes.
USD / JPY recommendation: Buy 106,00 / 105,75 and take profit 106,75.
Company analyst FreshForex