Results of the last trading day:
In the Monday, April 16, at the end of the day the euro closed by growth. The rally began with the opening of the European session. The main reason for the increase of quotations was widespread weakening of the US currency, caused by the bombing of Syria.
The market opened relatively quiet. I do not understand one thing, why after a missile strike on Syria Asian market participants began to buy gold, the yen and the franc. Europeans have come to the market, they began to merge the US currency. Data on the level of retail sales in the US have not been able to provide significant support for the dollar.
US President Trump with Syria switched back on Twitter, and through him, accused Russia and China of the devaluation of their currencies. You could not write. Lest there be in the world to blame Russia and China. And the IOC, the United Nations and the OPCW guilt consolidate papers after the most expensive tests. The euro after rising to 1.2394 stabilized at 1.2380.
Planned statistics (GMT +3):
At 11:30 Britain will publish data on the change in the number of applications for unemployment benefits in March, and the unemployment rate and the level of average wages for February.
At 12:00 Germany and the euro zone sentiment index manifest in the business environment ZEW institute in April.
At 15:30 Canada will declare the change of volume of transactions with foreign securities and unit shipments in the manufacturing sector for February. US is to publish data on changes in the volume of building permits issued and the number of bookmarks of new foundations for March.
At 16:15 the US will report on changes in the volume of industrial production for March. A speech made by members of FOMC Williams.
At 17:00 a speech made by members of FOMC Kvorls.
At 18:00 a speech made by members of FOMC Harker.
Fig. 1 euro / dollar, hour period. Data source: TradingView
My expectations of yesterday's day were not justified. Europe drove the rate to 1.24. At the time of writing, the euro is worth 1.2388 review.
What to expect from the market today?
Tuesday full of important events on the economic calendar. In Asia, the dollar traded in negative territory against the yen, the pound and the euro. Other major currencies, he is trading in plus.
Crosses with the euro rose, except for the euro / yen. This means that with the opening of trading in Europe, the couple can update yesterday's high 1.2394. I hour cycles indicate the weakening of the euro to the day's closing. Lb line to the closing of the day will be at 1.2358. It is this level I expect reduction of quotations on Tuesday.
At this hour trend line passes through 1.2340. 45th grade is at 1.2338. They reinforce each other. Before the opening exchanges in London should not be viewed euro sale. To begin, some signs to sell the euro must show crosses.
If the euro sharply exceeds 1.24, it is necessary to forget about selling the euro today. Buyers his hunt to 1.2420. In addition to cross their position is now amplified I and a decrease in yield of US bonds.
Forex Forecast EUR / USD today Vladislav Antonov Alpari