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Main » 2018 » June » 21 » The euro dollar technical outlook EUR / USD today 06.21.2018 Traders are waiting for the results of the Bank of England meeting
The euro dollar technical outlook EUR / USD today 06.21.2018 Traders are waiting for the results of the Bank of England meeting


Results of the last trading day EUR / USD:

On Wednesday, June 20, the euro trading ended slight decrease at the level of 1.1570. In general statements of the heads of the Central Bank at the conference in Portugal had no significant effect on the dynamics of the major currencies. During the European session the euro fell to a level of 1.1537. In the American session the price recovered to 1.1600.





American statistics:

Sales of homes on the secondary market in the US in May totaled 5.43 million (forecast was 5.52 million, the previous figure was revised from 5.46 to 5.45 m).

Balance of payments deficit in the United States for the I quarter was $ 124.1 billion (forecast was $ 129 billion, the previous value is revised from $ 128.2 billion to $ 116.2 billion).

Planned statistics (GMT + 3):

At 10:30 the SNB will announce the interest rate decision. It is expected that the rate will be maintained at -0.75%. What is interesting, it does not affect the market.

At 11:30 a press conference the SNB. Speech by the head of the Central Bank may have an impact on the franc and the associated cross-pairs.

At 11:30 Britain will publish data on the change in net debt of the public sector in May. A positive value reflects the availability of the budget deficit, a negative - a surplus. Expected surplus of 7.1 bn. Pounds.

At 14:00 Bank of England will announce interest rate decision and the amount of asset purchases. It is expected that the rate will remain at 0.5%, while the volume of asset purchases - in the amount of 435 billion pounds.. Number of votes for rate hike - 2, for the preservation - 7 (has a strong influence on the dynamics of a pound).

At 16:30 the US will publish its manufacturing index for June Philadelphia Fed, statement of changes in the number of initial applications for unemployment benefits. That the production index expected decreased from 34.4 to 29 in May, and the number of primary applications was 220 thousand. (2 th.).

At 23:15 scheduled to address the Bank of England Governor Mark Carney head. At this time it is unlikely to affect the market.

OPEC meeting +


The current situation is EUR / USD:

The euro / dollar (EUR / USD) maintains lateral movement in a corridor range of 116 points. local channel formed inside the main channel. In the area of ​​1.16, the carrying line stands for customer resistance.  

Given that the US dollar in Asian trading rise to major currencies, before the announcement of the decision of the Bank of England's monetary policy is expected to decline the euro to 1.1543. British Pound will shake, if you change the number of votes for the promotion and preservation rates. And through the cross EUR / GBP Bank of England will affect the dynamics of the euro. If successfully proydon 1.1543 level, then it can befall at 1.1517.

US-China trade tensions in the confrontation subsided temporarily, but keep an ear to acute. Everyone is waiting for the response from China. 


Forecast EUR / USD rate today Vladislav Antonov Alpari



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