News forex traders today:
- 12.00 MSK. Eurozone: Consumer Price Index for April (the previous value of 0.0% y / y; the forecast -0.1% y / y).
- 12.00 MSK. Eurozone: Unemployment rate for March (the previous value of 10.3%, 10.3% forecast).
- 15.30 MSK. US: The main index of spending on private consumption for March (the previous value of 0.1% m / m forecast 0.1% m / m).
Forex. The forecast for the euro / dollar today EUR / USD 29.04.2016
Euro / dollar three reasons to wait for the fall!
1. In the credit markets, the yield of the German 10-year government bonds is reduced to the English and American, which reduces the attractiveness of investments in European assets.
2. In the midst of forex trading in Europe, Eurostat will publish a release on inflation in the euro area in April and against the background of yesterday's weak data from Germany, today it is difficult to expect a positive report. Inflation is the most important indicator for foreign exchange traders and investors can not ignore this report. The United States on the other hand, traders can please a positive release for personal consumption expenditures, because on the eve of a quarterly report on the Core PCE was observed growth of 2.1% q / q.
3. On the financial markets there is growing "appetite for risk", which is a negative factor for the euro as a funding currency.
Forex. Trading recommendations EUR / USD : Today, players should buy the pair Buy's reduction of quotations to 1.1370 / 1.1400 and take profit at the level of 1.1295.
Forex. The forecast for the exchange rate today GBP / USD 29.04.2016
Players on the pound is worth waiting for growth to the opening of trading in the United States, then there may come pullback on profit taking on long positions ahead of the weekend. What can serve as a driver for the upward trend? First, a steady demand for the commodity market (growth of quotations of oil, metals) have a negative impact on the dollar, as the cost of raw materials denominated in US currency. Second, the debt market is still observed increase in yields on government bonds of the United Kingdom in relation to peers in the US and Germany, which increases the attractiveness of investment in the UK assets and positive impact on the value of the pound.
Forex recommendations of GBPUSD : Today, traders should buy the pair Buy's reduction of quotations to 1.4575 / 1.4545 and take profit at the level of 1.4650.
Forex. Forecast for today USD / JPY 29.04.2016
Against the backdrop of weak data from Japan, and the growth of "risk appetite" is necessary to form long positions during the day. NSI has reported on the eve of slowing inflation and household expenditure, and the Bank of Japan lowered its forecasts for inflation and GDP for 2016 and 2017 GG In my opinion, investors are too pessimistic responded to the desire of the monetary authorities of Japan to take a pause in changing monetary policy. The head of the Bank of Japan Haruhiko Kuroda said on Thursday that he was ready to take action on any of the meetings of the central bank in case of need. It is impossible to ignore the upward trend in the European stock market by the closure of the trading session. Investors are actively building up long positions on pullbacks, the market leaders in the banking sector were the paper, indicating the desire of traders to take risks. In this regard, we should expect the pressure on the Japanese yen as a funding currency in the carry trade №1 operations.
Forex recommendations for USDJPY: The players today in the forex is to buy a pair of Buy to reduce quotations to 107.85 / 107.55 and take profit at the level of 109.20.
Analyst « FreshForex »