Forex Forecast March 27, 2018
17:00 MSK. US: Consumer Confidence for March (the previous value of 130.8; 131.2 forecast).
The euro dollar forex EUR / USD forecast for today 27/03/2018
The pair euro dollar today, forex traders expect an ambiguous situation. On the one hand, the euro may rise to 1.2500 against the backdrop of rising oil prices, it will put pressure on the American, as the raw material is quoted in US dollars. The leaders growth nickel and copper, which are added more than 1%. China launched oil futures trading in yuan, it is a negative factor for the greenback, as the Celestial plans to buy oil from Saudi Arabia only in the national currency. Now carry out large volumes of transactions in yuan will be difficult, there are limitations of the Central Bank of China, but China government plans gradually to remove this factor. This means that right now, this factor will not change the balance of power in the global market, but a year later all may change. On the other hand, possible depreciation of the euro to the level of 1.2400,
EURUSD recommendation: flat 1,2400-1,2500.
Pound Dollar forecast pair GBP / USD today 03/27/2018
Today, the pair GBP / USD at the exchange of players there are two reasons to continuing growth.
First, the profitability of British 10-year securities increased to US counterparts, it is positive for the pound dollar pair.
Second, today investors should wait for the growth of oil prices to $ 70.5 / barrel, it is just as positive for the GBP / USD in mind the strong correlation of the pair GBP / USD and Brent. In the oil market has a significant negative factor in the face of US and Iranian opposition. Americans are set to impose sanctions on the Islamic republic, which would reduce the volume of oil production in the Middle East. One gets the feeling that Trump and his associates are ready to impose sanctions against anyone who, in their opinion, does not behave correctly.
GBP / USD recommendation: Buy 1,4223 / 1,4206 and take profit 1,4260.
Currency pair yen dollar forex forecast USD / JPY today 03/27/2018
Two reasons traders to open long positions on Buy USD / JPY.
First, investors returned to the stock markets, and actively snapping up shares, it is positive for the course of the Dollar Yen, due to its strong correlation with equity markets. In the US yesterday, the leading indices added more than 2%, and the Asian markets are showing growth in the range of 1.5%. Market participants should not expect continued growth for the S & P500 today to 2700. Current levels are attractive to build long positions in view of the reluctance of the Fed to raise rates quickly in the current year.
Second, the debt market yield differential of US and Japanese 10-year bonds rising, it will support the buyers of USD / JPY
USD / JPY recommendation: Buy 105,55 / 105,28 and take profit 106,10.
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