Weather Forex June 28, 2016
News forex traders today:
15.30 MSK. USA: Change in GDP for the quarter for the 1st quarter (previous value of 0.8% q / q, the forecast of 1.0% q / q).
17.30 MSK. US: Consumer Confidence for June (the previous value of 92.6, forecast 93.2).
Forex. Forecast EUR USD EUR / USD today 28/06/2016
The participants of the forex currency market sell EUR / USD, although the strong growth of cross-rate quotations EUR / GBP holds back the euro from a strong fall. As EUR / USD downtrend is still relevant, and the growth of quotations should be used to build short positions. Sales in the first half of trading is dangerous, because the credit markets the yield of the German 10-year government bonds is increasing in relation to the English and American.
Investors are beginning to focus on the fact that the US Federal Reserve due Brexit will not tighten monetary policy at the next meeting, and will raise the rate only at the December meeting - it is negative for the US currency. But then "remember" about the fact that the ECB is due to the same Brexit can enter negative rate, and it will hurt the euro. It sounds like silly, but so far investors are just in this format. In the United States during the second half of the session will be released reports on GDP (final data) and consumer confidence CB, and in view of the positive market expectations, and economic growth in the United States should wait for data to forecast the median level
EUR / USD recommendation: Today, traders on the euro with the dollar is selling a pair Sell the growth of quotations to 1.1080 / 1.1200 and closed at around 1.0930 profit.
Forex. Forecast exchange rate pound dollar GBP / USD today 28/06/2016
All calls to hold a referendum in the UK, Prime Minister David Cameron dismissed, and ordered the formation of a working group to prepare for the exit of the ES
What it means for the sterling?
Gradual decline in prices. The world's leading investment banks race to rewrite forecasts for UK GDP, and the exchange rate of the British currency. Gloomy predictions come from the foreign exchange market players, traders in a hurry get rid of the British. These dire predictions may well be real: the credit markets that indicate a strong signal, set against the pound. The yield on British 10-year government bonds dropped significantly in relation to the American and German, and has not yet seen the reasons for stabilization. The oil market also do not leave unattended: Brent crude oil fell yesterday by more than 3%, which traditionally has a negative impact on quoted currency Albion.
GBP / USD recommendation: Trading Forex pound paired with greenbacks today is selling a pair Sell on growth rates in the region of 1.3350 / 1.3580, and take profit at the level of 1.3080.
Forex. The forecast of the dollar, the yen USD / JPY today 06/28/2016
For USD / JPY pair on today formed a mixed background. The differential in yield of US and Japanese 10-year government bonds is reduced, it is a positive factor for the yen. And fear index S & P 500 VIX in yesterday's auction fell, indicating a possible correction in risky assets on Tuesday. If trading in Asia, we see the growth of quotations of the shares on the Tokyo Stock Exchange, today at auction is worth waiting for a moderate strengthening of quotations pair USD / JPY. The pair is clamped to the range of 101.39 -103.25 and when appetite for risk is worth waiting for testing the upper limit of this range.
USD / JPY recommendations: Players on the dollar with the yen today is worth waiting for a side trade in the range of 101.00 -103.30.
Analyst « FreshForex »