Forex Events today:
15:30 MSK. USA: Change in the number of people employed in non-farm payrolls for March (the previous value of 235K; 176K forecast).
15:30 MSK. US: Changes in average hourly wages for March (the previous value of 2.8% y / y, forecast 2.7% y / y).
Forex. The euro dollar EUR / USD forecast for 07/04/2017
The head of the ECB Mario Draghi has once again stressed that the European regulator has no plans to raise interest rates in the second half of the year as inflation expectations are still low. To get away from the policy of low interest rates is necessary to achieve stable growth in the consumer price index.
Thus, the head of the ECB dispelled rumors about the future tightening of monetary policy. These rumors appeared on the market at the end of March and many traders believe in such an outcome. With the ECB now everything is clear, and that the Federal Reserve. What will happen next to make the US regulator? It is likely that the FED will keep his promise and yet, at least twice to raise interest rates. If today, traders will see the strong data, then at the next meetings of the regulator (3 May or 14 June), the interest rate will be increased. The chances of a positive outcome of today are very high, given the good leading indicators. Against this background, one can expect a decrease in the yield spread on 10-year German government bonds and the US, which has a positive impact on the value of the dollar.
EUR / USD recommendation 04/07/2017: Sel l 1,0660 / 1.0718, and take profit 1,0568.
Forex. Pound Dollar forecast GBP / USD today 04/07/2017
Today, the most important day of the trading week. Today at 15.30 MSK. we will get a report on the labor market in the US Non farm payrolls. This report closely watch the Fed, when the decision on interest rates. Probably today, igrrokov waiting for data better than expected median, which has a positive impact on the value of the dollar. The employment rate of ADP by the results of March was at the level of 263 thousand., Which is the highest level since December 2014. Applications for unemployment benefits are at a minimum in the last 44 years. The only thing that "pumped up" - this is the decline in employment component of the ISM for the service sector. Investors should wait for the release of data at the level of 205 thousand., That would indicate a strong quarterly growth of US GDP.
GBP / USD recommendation 04/07/2017 : a Sell 1.2480 / 1,2520 and take profit 1,2395.
Forex. Dollar against the yen forecast USD / JPY on 07/04/2017
Today, investors should expect an increase in the US stock market, which in turn have a positive impact on the value of the pair USD / JPY. Strong release of employment for March will indicate the growth of corporate profits, which in turn embolden investors to open a "Long" on the stock exchange NYSE. It is likely that the pair will update a maximum of 3 April (111.58) - this is the first objective of Buy positions today. As far as much a couple can now go up depends on the Non-Farm data. As noted above, traders should wait for the outcome yet exponent at the level of 205 thousand., As the March ISM recorded decrease in the rate of employment growth in the services sector. In the previous month, data released at the level of 238 thousand. And if now this threshold is passed, the players waiting for the strong growth of quotations of greenbacks. Whether traders see today a pleasant surprise? Time will tell - the wait is not long.
USD / JPY recommendation: Buy 110,70 / 110.50 and take profit 111,58.
Aleksandr Goryachev
Company analyst FreshForex
