Forecast April 26, 2016, EUR / USD
News forex traders today:
- 15.30 MSK. USA: Change in orders for durable goods in March (the previous value of -2.8% m / m forecast 1.9% m / m).
- 17:00 MSK. US consumer confidence from the Conference Board indicator for April (the previous value of 96.2, forecast 95.8).
Forex. Forecast for today, the euro against the dollar EUR / USD 28.04.2016
Players forex today in the first half of trading can be expected decrease in quotations, which should be used to open long positions.
On the eve of IFO Institute has reported a decrease in the business climate index in Germany to its lowest level since January 2015. Worst of all are feeling wholesale and retail trade, which is an alarming signal for the euro zone's economic engine of growth. In this regard, the "bears" will intensify "shorts", it seems the pressure on the euro. In the US trading session, in my opinion, we should expect a moderately negative macroeconomic statistics from the US. The report on orders for durable goods can go a little worse than expected median since the first quarter of Americans chose to save more than you spend. However, the reduction indicator compared to the previous month wait is clearly not worth it, because in the first month of spring was recorded sales growth in the secondary market. The indicator of consumer confidence from the Conference Board has a close correlation with the index of the University of Michigan and the last in April dropped to the lowest level since October 2015 and on this background, today we can expect a release of weak data. Negative macroeconomic statistics deprives American currency trumps. In the credit markets, the yield on 10-year German government bonds rose on Monday in relation to their counterparts in the US and the UK, which increases the attractiveness of investment in European assets.
Trading recommendations for the EUR / USD today: Traders today in forex trading is to buy the pair EUR / USD Buy on dips to levels of 1.1230 / 1.1190 and target at the level of 1.1285.
Forex. The forecast for the exchange rate today, the pound dollar GBP / USD 26.04.2016
Traders on the pound against the greenbacks growth today is to wait for two reasons.
First , the yield differential of US and British 10-year government bonds in the debt market continues to decline, it increases the attractiveness of investments in the assets of Albion. As noted earlier, today in the afternoon from the United States should wait for the release of negative data, it will contribute to a further reduction of the differential.
Second , investors continue to increase oil long positions, it is also playing into the hands of buyers of GBP / USD. Quotes of Brent crude oil may show growth in the region of $ 47 / barrel for a few days, which will support the demand for the British currency. However, the strong growth of the British currency quotes is not necessary to count today, as you can expect upward correction in the cross-rate EUR / GBP, which will restrain the strengthening of sterling.
Trading recommendations for GBP / USD today : Players on the pound now worth buying a pair GBPUSD Buy on reducing the price to 1.4430 / 1.4390 and to close the transaction at the level of 1.4485.
Forex. The forecast for the dollar against the yen today USD / JPY 26.04.2016
On the eve of the USDJPY dropped, it allows you to open long positions and rely on the continuation of the upward trend in the first half of the day. The bond market is sending "bullish signals": the yield differential of US securities, and Japan is expanding again, which is a bullish factor for the US currency. Today we can see the growth of "risk appetite", which will put pressure on the yen as a funding currency. Driver of growth can serve as a continuation of the upward trend in the oil market, which in turn will have a positive impact on the energy sector paper. However, as noted earlier, taking into account the negative macroeconomic statistics from the US in the second half of the day, today, do not count on a strong growth of quotations.
Trading recommendations for the dollar yen pair today : Traders on USD / JPY pair is to buy Buy on dips to 111.00 / 110.60 and 111.55 to profit.
Analyst « FreshForex »