Weather forecast on forex 11/18/2016
The main events for today:
11:30 MSK. Eurozone: ECB President Mario Draghi will deliver a speech.
17:30 MSK. US: FOMC member William Dudley will make a speech.
Forex. The forecast of the currency pair EUR / USD today EUR / USD 18.11.2016
Bucks will be the leader in the forex trading on Friday. The dollar index USDX has not corrected, despite the fact that the dollar bids are at the maximum of thirteen.
The yield on German 10-year government bonds in the credit market, yesterday fell heavily to the British and American, it does not attract investors in the assets of the Old World. Statistics from the US Traders pleased positive: inflation rose to a peak in the last two years against a background of strong growth in energy, and the application for unemployment benefits fell by 21 thousand compared to the previous week.. Spread the EU and the American inflation has continued to expand, that is traditionally perceived negatively by investors in the short term. But that's not all, the number of bookmarks of new foundations in October increased by 25,5% compared to September. Against this background, the euro against the dollar today, players should not expect continued decline in prices.
EUR / USD recommendation : Sell 1,0655 / 1,0685 with the aim of take profit 1,0590.
Forex. The forecast of the currency pair GBP / USD GBP / USD today 18/11/2016
Today, forex trading players pound with greenbacks are two reasons for selling:
The first reason , the spread of inflation in Britain and the US on the results of October widened in favor of the United States, in the short term, it is a signal for the bears. Inflation - is №1 indicator for the Forex market, and the market's reaction to this event is sure to be.
The second reason , in the commodities market correction in oil probably ended, and now the players are waiting for new sales on the black gold. Prices for Brent today may decline below the 46 figure, as the market has not yet played a rising dollar and weak data on stocks from the United States. Downward trend in oil will increase pressure on the pair GBP / USD.
GBP / USD recommendation : Sell 1,2430 / 1,2480 with the aim of take profit 1,2352.
Forex forecast the currency pair dollar / yen today USD / JPY 18.11.2016
Investors in the dollar against the Japanese currency today in forex trading in the first half should expect an increase in the background of positive dynamics of equity markets and the strengthening of the dollar throughout the market against the backdrop of growth in yields of US Treasury bonds. Yesterday, the index VIX fell fear that indicates saving "risk appetite". However, the excessive growth of the yield of US Treasury bonds may make investors start to take profits on the "Long" in the actions before the weekend, causing a pullback in the market. Profit-taking likely to begin after the close of trading in the UK. Thus, in the first half of trading forex players should buy the dollar / yen on pullbacks and then take profits.
USD / JPY recommendations: the Buy 109.70 / 109.50 with a view to take profit 110,40.
Aleksandr Goryachev fundamental outlook FreshForex
Results of trade on fundamental analyst at c 14 to 16 November