Forex forecast for today 10.10.2016: EUR / USD - Flete, GBP / USD - sales, USD / JPY buying!
Forex. The forecast of the euro dollar EUR / USD today 10/10/2016
Posted on Friday, the labor market report is a surprise: despite the significant increase in Non-Farm ISM index of service sector employment fell short of forecast values and reached the level of 156 thousand.
average earnings growth rate accelerated to 2.6% y / y. Since employment in non-farm payrolls disappointed investors, the dollar weakened against its major competitors. What now expects the dollar in light of the negative data? The Fed will not raise interest rates? These issues now concerned many traders in the currency market. In this regard, I encourage you to presentations of FOMC immediately after the employment report. Fed President Kansas City George: a report on the US labor market and encouraging suggests continued positive momentum. She was echoed by Vice-Chairman of the Fed's Fisher: job growth "is fully consistent with" a further reduction in unemployment. What's the catch here is whether it? No one there is no trick: when the unemployment rate goes down by 5% or less, it can not be created a lot of jobs in the US economy, because it (the economy) is close to full employment. This is the state allows the monetary authorities (the Fed) to raise interest rates as high employment will strengthen inflation expectations.Taking into account the reduction in the yield differential on 10-year US government bonds and Germany today, we can expect a moderate growth of the pair, however, against the background of the lack of important macroeconomic statistics in the priority now sideways.
EUR / USD recommendation : euro Investors dollar today is worth waiting for a side trade in the range 1,1150-1,1240.
Forex. Forecast the dollar pound GBP / USD today 10/10/2016
On Friday, October 7 lb scared all traders with their sharp movements in the Asian trading session. Traders surveyed by Bloomberg major Asian banks and put forward a number of versions of what happened: 1) trader error of one of Singapore's banks, who instead pulled Buy Sell large order and as the market was low-liquid is caused strong decline of the pound 2) high activity of trading robots that use hedge The fund is registered in Singapore and Hong Kong 3) investors' fears that the eurozone will not provide the UK defined benefits due Brexit, which has a negative impact on the GDP of the United Kingdom. In my opinion, we do not know in the near future, what really happened, and probably will never know. The Bank of England asked the Committee of the Bank for International Settlements to observe the changes in the pound rate and report any strange transactions around Sterling. On the first trading day of the week we should expect growth of quotations on the background of a strong trend in the credit markets. The yield on 10-year UK government bonds rose on Friday in relation to their counterparts from the US and Germany to 0.137% and 0.093%, respectively, which increases the attractiveness of investments in British assets and thus have a positive impact on the value of the pound.
GBP / USD recommendation : Forex pound Investors with greenbacks today at auction is to sell the pair GBP / USD on the Sell growth of quotations to 1.2410 / 1.2350 and take profit at the level of 1.2510.
Forex. Forecast of the dollar, the yen today USD / JPY 10.10.2016
In Asian trading session, you can expect a moderate decrease in quotations on the background of the correction in the stock markets. US stock market closed trading on Friday in the "red zone", and the index of "fear" the VIX rose by 4.9%. In my opinion, this decrease should be used to open a Buy position. Until Friday October 7th pair grew non-stop 8 trading days in a row, and the correction has been brewing every day, but it happened only on Friday. As noted earlier, members of the Committee on the open market operations of the Fed have responded positively to the employment report for September, despite the fact that the Non-Farm has not held up to the predicted values. Futures on the FED rate for December 14 indicates 60% chance of increase, at the same time to release employment rate was 55.1%. Thus, investors hope that the US monetary regulator to raise interest rates, which in turn will help to get stronger dollar.
USD / JPY recommendations : Investors in the dollar against the yen is worth buying a pair on forex trading today Buy to reduce quotations to 102.75 / 102.40 and take profit at the level of 103.45.
Aleksandr Goryachev
Analyst « FreshForex »
Forex. The forecast of the euro dollar EUR / USD today 10/10/2016
Posted on Friday, the labor market report is a surprise: despite the significant increase in Non-Farm ISM index of service sector employment fell short of forecast values and reached the level of 156 thousand.
average earnings growth rate accelerated to 2.6% y / y. Since employment in non-farm payrolls disappointed investors, the dollar weakened against its major competitors. What now expects the dollar in light of the negative data? The Fed will not raise interest rates? These issues now concerned many traders in the currency market. In this regard, I encourage you to presentations of FOMC immediately after the employment report. Fed President Kansas City George: a report on the US labor market and encouraging suggests continued positive momentum. She was echoed by Vice-Chairman of the Fed's Fisher: job growth "is fully consistent with" a further reduction in unemployment. What's the catch here is whether it? No one there is no trick: when the unemployment rate goes down by 5% or less, it can not be created a lot of jobs in the US economy, because it (the economy) is close to full employment. This is the state allows the monetary authorities (the Fed) to raise interest rates as high employment will strengthen inflation expectations.Taking into account the reduction in the yield differential on 10-year US government bonds and Germany today, we can expect a moderate growth of the pair, however, against the background of the lack of important macroeconomic statistics in the priority now sideways.
EUR / USD recommendation : euro Investors dollar today is worth waiting for a side trade in the range 1,1150-1,1240.
Forex. Forecast the dollar pound GBP / USD today 10/10/2016
On Friday, October 7 lb scared all traders with their sharp movements in the Asian trading session. Traders surveyed by Bloomberg major Asian banks and put forward a number of versions of what happened: 1) trader error of one of Singapore's banks, who instead pulled Buy Sell large order and as the market was low-liquid is caused strong decline of the pound 2) high activity of trading robots that use hedge The fund is registered in Singapore and Hong Kong 3) investors' fears that the eurozone will not provide the UK defined benefits due Brexit, which has a negative impact on the GDP of the United Kingdom. In my opinion, we do not know in the near future, what really happened, and probably will never know. The Bank of England asked the Committee of the Bank for International Settlements to observe the changes in the pound rate and report any strange transactions around Sterling. On the first trading day of the week we should expect growth of quotations on the background of a strong trend in the credit markets. The yield on 10-year UK government bonds rose on Friday in relation to their counterparts from the US and Germany to 0.137% and 0.093%, respectively, which increases the attractiveness of investments in British assets and thus have a positive impact on the value of the pound.
GBP / USD recommendation : Forex pound Investors with greenbacks today at auction is to sell the pair GBP / USD on the Sell growth of quotations to 1.2410 / 1.2350 and take profit at the level of 1.2510.
Forex. Forecast of the dollar, the yen today USD / JPY 10.10.2016
In Asian trading session, you can expect a moderate decrease in quotations on the background of the correction in the stock markets. US stock market closed trading on Friday in the "red zone", and the index of "fear" the VIX rose by 4.9%. In my opinion, this decrease should be used to open a Buy position. Until Friday October 7th pair grew non-stop 8 trading days in a row, and the correction has been brewing every day, but it happened only on Friday. As noted earlier, members of the Committee on the open market operations of the Fed have responded positively to the employment report for September, despite the fact that the Non-Farm has not held up to the predicted values. Futures on the FED rate for December 14 indicates 60% chance of increase, at the same time to release employment rate was 55.1%. Thus, investors hope that the US monetary regulator to raise interest rates, which in turn will help to get stronger dollar.
USD / JPY recommendations : Investors in the dollar against the yen is worth buying a pair on forex trading today Buy to reduce quotations to 102.75 / 102.40 and take profit at the level of 103.45.
Aleksandr Goryachev
Analyst « FreshForex »
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