Forex forecast for today 21/03/2016 Traders - pound dollar GBP / USD reasons to sell! - 20 March 2016 - free no deposit forex bonus
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Main » 2016 » March » 20 » Forex forecast for today 21/03/2016 Traders - pound dollar GBP / USD reasons to sell!
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Forex forecast for today 21/03/2016 Traders - pound dollar GBP / USD reasons to sell!
 
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Foreign Exchange Market Forecast to March 21, 2016, EUR / USD

News forex traders today:

Japan - bank holiday.

17:00 MSK. USA: The volume of home sales in the secondary market in February (previous value of 5.47M; 5.40M forecast).

 

The forecast of the euro against the dollar EUR / USD today 03/21/2016


Today, the euro dollar pair is formed by a mixed background. On the one hand, the growth of "risk appetite" is a negative factor for the euro as a funding currency. 

 

 

On Friday, the European and US stock markets, the leaders of growth were paper financial sector. On the other hand, moderately negative macroeconomic data from the United States will not allow the dollar to strengthen much. Weak retail sales data for January and February is not possible to calculate the increase in volume of home sales in the secondary market. Despite the increase in real income - the Americans in recent months are beginning to save more than you spend.

 

Forex euro recommendations for today: The players should not expect the flat within the range 1.1235 -1.1345.

 

 

Forecast exchange rate pound dollar GBP / USD today 21/03/2015


Traders pound with the American two reasons to sell before the opening of trading in the US.


First , the credit markets observed decrease in the yield of government bonds the UK in relation to their counterparts from the United States and Germany, which reduces the attractiveness of investments in British assets, and thus, will put pressure on the pound.


Second , the oil market can also expect a technical correction. Sea Brent trading five weeks in a row shows growth of quotations, and on Friday a fresh four-month high was installed. The decline in hydrocarbon prices will support the dollar, as the price of oil is denominated in US currency. As noted earlier, in the afternoon we can expect a moderately negative data on housing sales in the secondary market in the US, which can cause a rollback of quotations up to the last hours of the London trading session.

 

Forex recommendations pound dollar pair today : a player is selling a pair Sell on course to 1.4510 / 1.4545 and take profit at the level of 1.4430.

Forex recommendations pound dollar pair today

 

The forecast of the dollar against the yen USD / JPY today 03/21/2016


Today, forex trading, players on the dollar in tandem with Japan's currency should not expect sideways trading.Japanese banks are closed today on the occasion of the state holiday and in this regard, in the first half of the day we will have a period of low liquidity. On Friday, traders are quite sluggish to respond to the increasing demand for "risk assets" that should alert the "bulls". This currency pair is traditionally positively reacts to the growth of stock indices quotes, however, in the last two trading days USD / JPY lost weight by 1.13%, while the S & P500 index weight by 1.01%. debt market dynamics indicates a moderate demand for the Japanese currency: the differential yields on government bonds of the United States and Japan is moderately reduced, which reduces the attractiveness of investing in US assets.

 

Forex recommendations on the dollar with the yen today 03/21/2016 Traders should wait for the flat within the range of 111.06 -112.15.

Forex recommendations on the dollar with the yen today 21/03/2016

 

Aleksandr Goryachev

Analyst « FreshForex »

 

 

 

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