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Main » 2016 » June » 18 » Forex forecast for today 20.06.2016: GBP / USD - the three factors will determine the dynamics of the British today
Forex forecast for today 20.06.2016: GBP / USD - the three factors will determine the dynamics of the British today



Forex forecast for today, the euro against the dollar EUR / USD 20.06.2016

During the day, no expected important macroeconomic statistics and, in this regard, one should pay attention to the dynamics of credit and equity markets.



On the debt market, yields on 10-year German government bonds rising to the British and American, which increases the attractiveness of investments in the assets of the Old World. On Friday, the majority of leading global stock markets closed in positive territory, it is a negative factor for the euro as a funding currency.Although, ended in the negative region on the day the US stock market: the largest decline in the Nasdaq index was, which dipped 0.92%. Because the United States is the engine of the global stock market at the beginning of the week, you can again expect a decrease in "risk appetite", which is a positive factor for the single European currency. 

EUR / USD recommendation today: Traders on the Euro-currency in the pair with the American today is to buy EUR / USD on the Buy reduction of quotations to 1.1250 / 1.1220 and goals at the level of 1.1315.


Forex forecast for the pound dollar GBP / USD today

Since today macroeconomic data from the United Kingdom and the United States is not, then the bidding will be determined by three key factors.

First , the dynamics of credit markets indicates a decline in the pound: the yield on 10-year British government bonds lower against the American and German, which reduces the attractiveness of investments in the United Kingdom assets.

Second , Friday's report from the oilfield services company Baker Hughes indicate that the downward correction in oil is not completed yet. The number of drilling rigs in the US increased by 9 units, which indicates an increase in production volume and is a negative factor for the stock price of "black gold". Reducing the cost of oil has traditionally puts pressure on the pound strelingov.

Third, the publication of new polls sociological views on the referendum in the UK, which is scheduled for June 23, will also cause a strong change in prices. This factor can not predict - it can only trade on the data output fact. Positive surveys will support the pound, the negative on the contrary, they will call a new wave of sales. 

GBP / USD recommendation today: Players should sell the pound Sell on the growth of quotations to the levels of 1.4375 / 1.4405 and Target at the level of 1.4300.



Forex rate forecast for the dollar, the yen USD / JPY today 20/06/2016

USD / JPY is completely ignored Friday's positive background that indicates the presence of a strong sellers and signals of an impending decline in prices. Despite the increase in "risk appetite" (the demand for stocks and high-yield cross-rates), as well as a moderately positive dynamics of the credit market (widening of the differential yields on US and Japanese government bonds, which increases the attractiveness of investment in US assets): USD / JPY pair in I was sandwiched in a narrow 104.07 -104.37 the flat for most of the day. Sellers did not let the bulls do not stand a chance, and seems to have built up short positions in the flat. Thus, today we can expect out of this flat market in the direction of 103.54 last week low. On the downward trend indicates the index of fear and S & P 500 VIX, which on Friday showed moderate growth. 

USD / JPY recommendations for today: traders on the dollar with the yen today at auction is to sell a couple Sell on the growth of quotations in the area of ​​104.30 / 104.70 and take profit at the level of 103.65.


Aleksandr Goryachev

Analyst « FreshForex»

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