Free no deposit Bonus Forex
Tuesday, 24.04.2018, 21:20
Welcome Guest | RSS
Main RegistrationLogin
Site menu
Login form
Make money on Fore
FreshForex bonus

Total online: 1
Guests: 1
Users: 0
RoboForex bonus
Main » 2016 » April » 4 » Forex forecast on 04.04.2016: Euro - correction is expected till 1.1350
Forex forecast on 04.04.2016: Euro - correction is expected till 1.1350

Results of the last trading day:

On Friday, the euro / dollar has updated week high against the demand for the single currency in the cross pairs. After the release of strong data on the US labor market position of buyers shaken. On the news the euro weakened against the dollar to 1.1334 1odnu figure with which the euro has been redeemed. Bidding ended in a slight increase.



The number of new jobs in the US in March amounted to 215 thousand. (Forecast was 205 thousand.). The figure for January was revised from 172 to 168 thousand., February, from 242 to 245 thousand. Unemployment increased by 0.1% to 5.0% (forecast was 4.9%, previous 4.9%). The index of average hourly earnings in the US for March was 0.3% (forecast was 0.2%, previous -0.1%).


Market expectations for today:

On Monday, I do not pay attention to the output of scheduled economic data. According to the forecast forward weakening euro against the US dollar to 1.1350 against the background of a downward correction of EUR / GBP cross.

As long as the price remains above 1.1334 (Friday's low), a drop to 1.1350 is treated as correction to rise from 1.1143 to 1.1437.

The ECB has started to expand the "quantitative easing" program On April 1, in which the regulator will buy, and corporate bonds. Central Bank Actions will have a negative impact on the euro.  



News of the day:

  • At 11:30 MSK UK is to publish an index of business activity in the construction sector in March.
  • At 12:00 MSK will present the euro zone unemployment rate in February.
  • At 17:00 MSK will be released in US factory orders for February and the index of conditions in the labor market in March.
  • At 17:30 MSK will be released quarterly review of economic conditions and prospects of development of business of the Bank of Canada.



Technical analysis:

On the hourly period formed Double bearish divergence. The goal of its 1.1310. On the way sellers meet an important level - 1.1350. If they are able to gain a foothold below it, the level of 1.1310 will not stand. Closure of long positions in the crosses will only aggravate the situation in the main pair. As a result, the single currency will collapse, as the pound. The purpose of today 1.1350, then look at the situation.


Analytics ALPARI

Views: 266 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Forex Brokers
no deposi binary
«  April 2016  »
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright © 2018-2012
    Website builderuCoz