Forex Forecast April 24, 2018
11:00 MSK. Germany: Indicator conditions of the business environment from IFO for April (the previous value of 103.2; 104.7 forecast).
17:00 MSK. US: Consumer Confidence for March (the previous value of 127.7; 126.0 forecast).
The euro dollar forecast EUR / USD at today 04/24/2018
Players forek pair EUR \ USD in the first half of trading should not expect a moderate depreciation of the euro against the background of gold fall, as the EUR / USD has a strong correlation with the precious metal. In the second trading traders should wait for some profit taking on the "shorts" and turn up for two reasons.
First, the yield differential nepetskih and US 10-year bonds shows moderate growth, this is a positive factor for the euro. Second, statistics on consumer confidence in the United States from April NE can not please investors positive data on the background of the employment contraction.
EUR / USD today recommendation: Buy 1,2203 / 1,2183 and take profit 1,2240.
Forex Pound Dollar exchange rate forecast GBP / USD today 24/04/2018
Traders, GBP / USD today, long positions for two reasons.
First, the growth of profitability of British 10-year bonds in the credit market to US bonds and German. Sterling drops in a row for five days, and today is probably worth waiting for the closing of short positions, which will cause a rollback upwards.
Second, oil prices once again three-year high, it is beneficial for the British, because of the strong correlation of GBP / USD and Brent. Investors buy oil contacts, as the largest US company Pioneer Natural Resources extraction of shale oil states of the problems in logistics and technical inability to increase production during the "driving season", which starts in late May. It was a sharp Pioneer Natural Resources production growth worried many investors in the past six months and now this factor goes by the wayside. In this connection, we can expect growth of quotations Brent to 75.01.
GBP / USD today recommendation: Buy 1,3935 / 1,3915 and take profit 1,3975.
Dollar Yen forex forecast for today USD / JPY 24.04.2018
An uptrend is gaining momentum and now can see no reason to change the trend. Two reasons for opening the Buy position stands out.
First, the credit market is growing yield spread of 10-year US and Japanese bonds, which is positive for the pair.
Second, investors are selling gold and buying risky assets (equities). For a pair of dollar \ yen is a positive signal, since the pair reacts strongly to capital flows and demonstrates the growth in those periods when capital goes to risky assets. fear index VIX S & P500 Monday dropped by 3.2%, which confirms to the investor interest risk assets.
USD / JPY recommendation: Buy 108,71 / 108,51 and take profit 109,07.
Company analyst FreshForex
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