Weather Forex June 29, 2016
News forex traders today:
02.30 MSK. Japan: Retail Sales for May (the previous value of 0.0% m / m forecast 0.1% m / m).
15.30 MSK. US: The main index of the cost of private consumption in May (the previous value of 0.2% m / m forecast 0.2% m / m).
17.30 MSK. US data on crude oil inventories from the Department of Energy in June (the previous value -0,917M; -2,375M forecast).
Forex. The forecast of the euro dollar EUR / USD today 06/29/2016
Traders on the EUR / USD today Dyje reason for selling:
First, America yesterday pleased the market participants positive data that against the background of political instability in ES support the US currency. GDP for the first quarter revised in a positive direction, to the level of 1.1% q / q, and in June consumer confidence index Conference Board rose to a peak in the last 8 months. Thus, economic growth accelerated in the United States, and now should not expect a moderately positive data on the index of personal consumption expenditures.
Second, the yield on German 10-year government bonds is reduced to the English and American, it reduces the attractiveness of investments in the assets of the Old World.
EUR / USD recommendation: Today, traders in the euro / dollar pair is worth selling on the forex Sell trades on the growth rate to levels 1.1110 / 1.1180 and a target at 1.1000.
Forex. Forecast exchange rate pound dollar GBP / USD today 29/06/2016
The differential in yield of US and UK 10-year government bonds is reduced, it reduces the attractiveness of investments in assets States. The growth of the British paired with greenbacks GBP / USD traders should be used to open a Sell position. In the period from 27 to 28 June, two major international rating Standard & Poor's and Fitch downgraded the United Kingdom in this regard to continue the outflow of capital from the shores of Albion. This factor will put pressure on the sterling. The European Parliament adopted on the eve of the referendum outcome in Britain, and officials offered Cameron start "divorce" process as soon as possible.Today, half of the trading day the Torah will report on stocks of US Department of Energy crude oil. The data worse than expected a median increase pressure and oil, and the pound, otherwise we will see a rollback of quotations up. The report today is trade data output fact, as the report can bring surprises and it is not necessary to take additional risks.
GBP / USD recommendations: traders funtuv paired with an American today in the forex market a couple toit Sell on price increases to 1.3400 / 1.3500 and 1.3200 on the Target.
Forex. The forecast of the dollar against the yen USD / JPY today 06/29/2016
Fear index S & P 500 VIX eve showed a decline of 19.5%, which indicates an increase in demand for risky assets and allows the bulls to test the upper limit of the range 101.39 -103.25. This growth should be used to build short positions as the situation around Brexit only just beginning to develop. This "show" is not yet over - all important series is yet to come! In this context, we will see a new wave of sales of risky assets and capital flight to the yen as a funding currency in the carry trade №1 operations. In the first half of the day, Japan will publish a report on retail sales for May, which may come within the median forecasts. Moderately positive dynamics of the index of consumer confidence, lets expect a slight increase in retail sales. Car sales in May increased by 5%, this signals an increase in consumer spending. In this context, probably a decrease in quotations pair USD / JPY during the Asian trading session.
USD / JPY recommendations: Players forex dollar against the yen today is to sell the pair Sell the growth rate of the pair to levels of 103.25 / 103.65 and 101.80 to profit.
Analyst « FreshForex »