Forex Forecast March 12, 2018
Forex euro dollar forecast EUR / USD at today 12/03/2018
Traders today is to sell the EUR / USD short-term growth. After the release of a strong report on Non-Farm in the debt market there was a great change - the differential yields of German and US 10-year notes updated for at least 2 months, it is a signal to the downtrend in the pair EUR / USD. Employment growth dvtcnt with tax reform, will allow US corporations to significantly increase the amount of revenue that a positive for economic growth. The slowdown in inflation in the euro zone prompted investors to reconsider the ECB's exit plan from the QE program, it is negative for the euro.
EUR / USD recommendation: Sell 1,2325 / 1,23 50 and take profit 1,2280.
Forex forecast the pound dollar today GBP / USD 12.03.2018
The pair GBP / USD currency players now expects an ambiguous situation. On the one hand, it is possible devaluation of the British against the backdrop of negative debt market: the yield of British 10-year bonds fall to German and US bonds, this has a negative impact on quotations of sterling. On the other hand, the oil market can support currency Albion, since the pair GBP / USD has a direct correlation with Brent oil. Investors are increasing their long positions on the hydrocarbon amid growing "risk appetite".
GBP / USD recommendation: 1,381 flat 5 -1.3910.
Forex dollar yen forecast pair USD / JPY today 03/12/2018
USD / JPY - two reasons for traders to buy a pair.
First, the stock market in the United States the rapid growth after the release of the employment report non-farm payrolls in February. Investors are waiting for corporate earnings growth that will positively affect the company's capitalization. Since the USD / JPY pair has a strong correlation with the US stock market, the bulls receive strong support.
Second, the debt market yield differential of US and Japanese 10-year bonds rising, it will support customers greenbacks.
USD / JPY recommendation: Buy 106,65 / 106,40 and t ake profit 107.15.
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