Forex Forecast April 18, 2018
Events traders today:
11:30 MSK. UK: Consumer price index for March (the previous value of 2.7% y / y, forecast 2.7% y / y).
17:30 MSK. US data on crude oil inventories from the Department of Energy in April (previous value 3,306M; -1,429M forecast).
The forecast of the euro dollar today EUR / USD 18.04.2018
Traders on the EUR / USD are two reasons to open short positions.
First, in America and Europe came multidirectional data: States have pleased investors positive on industrial production and the number of bookmarks of new foundations, and the ZEW index for the euro area in April dropped to the lowest level since July 2016. In the US, industrial production in March increased by 4.3% in annual terms, a high level and contributes to the growth of rumors on a fourfold increase of the Fed's interest rate. The fact that the FOMC might even three times this year to increase the rate recorded on the eve of the head of the authority said the Fed of New York William Dudley. Such dynamics allows investors to increase short positions in the single European currency.
Second, reduced yield differential of 10-year bonds in Germany and the US credit market, it is negative for the euro currency.
EUR / USD today recommendation: Sell 1,2379 / 1,2 410 and take profit 1,2335.
Forex Pound Dollar exchange rate forecast for today GBP / USD 18.04.2018
Currency traders pound paired with American today is open molting position based on a continuation of the uptrend. The main event for the British will yield data on inflation in the UK in March. Rising energy prices and the positive dynamics of the labor market indicate an increase in the consumer price index. It is likely the report will come out slightly better than expected median, which again generate a strong demand for the sterling as the inflation rate will be interpreted in favor of the Bank of England raising interest rates at a meeting on May 10. Another positive factor for the pound today - the dynamics of oil prices. Early in the morning API has reported a decrease in crude oil inventories in the US 1 million. Bar. That will support oil and positive impact on the value of the pound, due to Brent correlation and GBP / USD.
GBP / USD today recommendation: Buy 1,4 300 / 1.4280 and take profit 1,4370.
The forecast of the dollar against the yen today USD / JPY 18.04.2018
The pair USD / JPY traders today is opening long positions Buy based on the appreciation of the dollar, the yen to 108 pieces. The main driver of growth, the US stock market, where optimism reigns. US stocks were bought after positive quarterly corporate reports. The S & P500 is the evidence for todayStegeman price growth to 2730. In general, it is to be expected, since the leading indicators in the ISM indices represented by the industrial and service sectors signaled us strong data. Today its financial results for the first quarter in the US was to publish giants such as Alcoa, American Express, Morgan Stanley. Mansion here cost Alcoa shares, which demonstrates the strong growth on the back of the upward trend in the last two weeks for aluminum and sanctions against main rival Rusal. Aluminum Corporation report will be published after the close of the market and in this context, it is expected that investors will build up long positions in anticipation of positive data during the trading day.
USD / JPY today: Recommendation: Buy 107.29 / 107.05 and take profit 108,00.
Forex forecast for today Aleksandr Goryachev FreshForex