Forex. Weather 10.28.2016
The main events for today traders:
02.30 MSK. Japan. The consumer price index for September (the previous value of 0.5% y / y; the forecast of 0.5% y / y)
15.30 MSK. Germany: Consumer Price Index for October (the previous value of 0.7% y / y; the forecast of 0.8% y / y).
15.30 MSK. USA: Change in GDP in the quarter for Q3 (the previous value of 1.4% q / q, the forecast of 2.5% q / q).
Forex. Currency pair EUR USD forecast EUR / USD today 28/10/2016
72% chance of a rate hike is the US Federal Reserve on December 14 is 7.5% more than last week - it provides the dynamics of futures on a bet the FED.
72% is neither much, not enough, and the maximum of this year. As this event is reflected in the quotations of the euro / dollar market? The trend to strengthen the US currency is likely to continue, and today the EUR / USD test the minimum level of the current week (1.0850). The yield on US Treasury bonds is growing rapidly, and the conclusion is that the European currency has completed correction, and today we see a new wave of sales. Given the positive data from the United States, who came to this week, the euro has to fall to the level of 1.0820. The trend was delayed in time, but we are likely to see traders mark 1.0820 to 1 November.
EUR / USD recommendation : the currency pair euro dollar today is worth investors to sell the instrument Sell 1,0900 / 1,0930 and purpose of the take profit 1,0850.
Forex. The currency pair Pound Dollar forecast GBP / USD today 28/10/2016
Forex traders ignored positive for the British economy, which suggests that a large number of sellers sterling market. On Thursday released a report on the GDP of Albion, which gave investors a surprise: economic growth increased by 0.5% qoq, 0.2% more than the consensus forecast. Although the Briton on these data failed to increase in Figure 23, and ended the trading day below the 22 figure. Today, the pound will probably attempt to test the minimum level of the week (1.2081) to that there are two reasons.
First, the likely yield positive US GDP report for the third quarter. The growth of business activity in the services sector and the construction industry, and an increase in consumer spending can expect to yield a moderately positive data.
Second, the demand for the dollar may strengthen the decline in oil prices. Yesterday, Reuters has reported that Russia and Iraq will not reduce oil production by 4%, as proposed by OPEC. Russia satisfied with the current level of frost, but not cut. "When there is no agreement, in their own way will not do, and come out of it do not matter, only flour" - these words from the fable comes to mind when you hear, like trying to agree among themselves the world's oil producers.
GBP / USD Recommendations : Players pair pound dollar today is worth a couple of sell Sell 1,2175 / 1,2205 and goals take profit 1,2081.
Forex pair Dollar Yen Forecast USD / JPY today 28/10/2016
The differential in yield of US and Japanese 10-year government bonds in the six-month high, it increases the attractiveness of investing in US assets. The main event today report on inflation in Japan in September. The last six months of inflation in the country of the rising sun in the negative area, and today this trend to continue. It is worth noting that the price of gasoline increased by 2.1% in September compared to August, but the producer price index for the first month of autumn showed a decline of 0.1% m / m, indicating that this factor has not yet had an impact on the economy and the effect of impact until next month. In this regard, today, traders will see the seventh month of deflation, which would have a lot of pressure on the national currency. The next meeting of the Bank of Japan is scheduled for November 1 and the monetary authorities will have to comment on this negative trend. Either we hear verbal intervention aimed at devaluation of the yen, or we will see the real action (increase of QE or decrease in the discount rate). Reducing the rate of the yen positive impact on the Japanese stock market, as investors will increase the volumes of carry trade transactions. Demand for risky assets will strengthen the uptrend in the pair.
Investors on the dollar, the yen is worth buying a pair Buy 105,00 / 104,75 and purpose of take profit 105,40.
Author: Aleksandr Goryachev Analytics Company FreshForex
Results of trade Alexander Goryachev is projected for the period 24-26 October: