Forex. Weather forecast on September 23, 2016
Top Stories traders today:
03.30 MSK. Japan: The index of business activity in the manufacturing sector in September (the previous value of 49.5, forecast 49.3).
10:30 MSK. Germany: PMI in the manufacturing sector in September (the previous value of 53.6, forecast 53.2).
Forex. The euro dollar EUR / USD forecast for today 23/09/2016
Investors, on the EURO mixed background is formed today.
Ask for risky assets have a negative impact on the quotes euro as funding currency. Investors are actively buying stocks and high-yield cross-rates and at such times long positions in euros are little interest, since risky assets can get a higher return in a short time. Differential yields of German and US 10-year government bonds is reduced, which also put pressure on the euro. Although, in the first half of trading today, players should wait for a moderately positive data on PMI manufacturing sector in Germany, as in September at 0.3% recorded increase in production capacity. In addition, on the eve of the market ignored a strong report on applications for benefits in the US unemployment: the indicator 4-week average, which excludes volatile and shows a smoother result, fell to the lowest level this year, which implies a growth zanyatos tee and a good report on Non -Farm Friday 6 October. If the market was set up positive for the dollar, we would see a greater strengthening of the US currency in the afternoon.
Euro Dollar recommendations today : In a pair euro dollar investors should wait for sideways trading in the range 1.1150 -1.1250.
Forex. Couple pound dollar forecast GBP / USD today 09/23/2016
Pound against the greenbacks today as the euro is waiting for the mixed news background in the credit market reduced the profitability of British 10-lektnih government bonds to German and American, which reduces the attractiveness of investments in the United Kingdom assets. On the other hand, the growth of "risk appetite" is pushing up oil prices, and support the exchange of Albion. Apparently investors have decided to drive up oil quotes heavily to oil summit in Algiers, then to high levels of active open Sell position.
Pound Dollar recommendations : Traders on the pair GBP / USD today, the forex is waiting flat is in the range 1.3030 -1.3130.
Forex. Forecast of the dollar, the yen USD / JPY today 09/23/2016
During the day, should increase long positions on pullbacks, because in the world there is a high "risk appetite" of investors. US Fed's decision not to raise interest rates has caused a high demand for stocks worldwide. Growth of quotations observed on all continents. Some paper updated their historical maximums. Now in the financial markets there is euphoria and at such times, investors are actively increasing volumes carry trade over the Japanese yen as a funding currency. It is impossible to ignore the today's release the PMI manufacturing sector: against excessive strengthening of the national currency purchasing managers warn of an impending slowing industry, which is also a positive factor for the Bulls.
Dollar Yen Recommendations : Players on the dollar against the yen today, the forex is to buy the pair USD / JPY Buy reduce quotations to 100.65 / 100.35 and take profit at the level of 101.25.
Aleksandr Goryachev
Analyst « FreshForex »
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