Forex Forecast EUR USD EUR / USD today 23/01/2017
The US stock market reacted positively to the inauguration J. Trump - the major indices closed in the "green zone".
Better than the market looked Paper energy and the financial sector, which is not surprising, since Trump promised various benefits to the companies. Forex Investors toit forward to continuing upward trend in the US stock market, which in turn will put pressure on the euro as a funding currency. On the debt market on Friday, the yield of the German 10-year government bonds rose in relation to the British and American, which may reassure bulls for opening long positions. Thus formed on the dynamics of mixed today. Euro before going down can test a maximum of the last week (1.0718).
EUR / USD recommendation 23.01.2017: flat 1.0640 -1.0740.
Forex forecast pair pound dollar GBP / USD today 01/23/2017
Igrokas forex pound paired with greenbacks necessary to use the growth rate to a level of 1.2410 / 1.2440 to open a Sell position. Despite the positive dynamics of the labor market in Albion, in December, investors have seen a continued strong trend in retail sales. If in November retail sales increased by 5.7% in annual terms, in December of 4.3%. The British were not actively buying Christmas presents, despite the increase in revenues. In this regard, the conclusion that the people of the Kingdom prefer to increase savings, as they are afraid of a strong economic slowdown due Brexit. Secondly, we can expect lower oil prices in the commodities market, which will put further pressure on the pound. Baker Hughes has reported a significant increase in drilling platforms in the United States and Canada,
GBP / USD recommendation on 23.01.2017: Sell 1,2410 / 1,2440 and take profit 1,2335.
The forecast of the dollar on the forex Yen USD / JPY today 01/23/2017
Two reasons for traders to buy Buy USD / JPY.
The first reason , to spread widening observed bond market yield of US and Japanese 10-year government bonds, which increases the attractiveness of investment in assets States, which in turn have a positive impact on the value of the dollar.
The second reason , the US corporate reporting season continues to pass on a positive note: the last Friday of 7 out of 10 companies have reported an increase in revenue and net profit. In the new trading week will further corporate releases, and investors should wait for the conservation of positive trend since the fourth quarter of 20116, the forward-looking indicators for the ISM manufacturing and services showed strong growth. The upward trend in the stock market in the US will put pressure on the yen as a funding currency.
USD / JPY recommendation on 23.01.2017: Buy 114,60 / 114,30 and take profit 115,50.
Aleksandr Goryachev
Company Analyst FreshForex
:
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