Forex. Weather forecast on October 11, 2016
The main events forex today:
12.00 MSK. Germany: Consumer Sentiment Index in the business environment from the ZEW Institute in October (the previous value of 0.5; forecast 4.2).
Forex. Currency pair EUR USD forecast EUR / USD today 11/10/2016
Investors in the euro in tandem with the greenback in the first half of trading forex, you should pay attention to the report on business activity in Germany's ZEW institute, which may please investors
Ultra-soft monetary policy of the ECB is paying off: in the leading economy of the Old World intensify inflation expectations and growing trade surplus. In September, inflation was 0.7% y / y, which is the highest level since May 2015, and the trade surplus in August increased by 13.2% compared to the same period of 2015. In this context, the euro may show short-term growth of quotations to be used for building Sell positions. I expect the dollar to strengthen against the background of "risk appetite", which will put pressure on the euro as a funding currency. In addition, de on the bond market the yield on 10-year German government bonds dropped significantly in relation to the securities from the UK, which should cause a decrease in the cross-rate EUR / GBP.
EUR / USD recommendation : Players of the currency market is to sell the pair EUR / USD the Sell today on the growth of quotations to 1.1160 / 1.1200 and capture approx yl at around 1.1125.
Forex. The currency pair Pound Dollar forecast GBP / USD today 11/10/2016
At present, formed a mixed background. On the one hand, the couple can demonstrate the growth of quotations on the background of positive dynamics in the credit markets. On the eve of not traded US Treasury bonds because of the weekend in the United States and in this regard, could only watch the changes in the yield spread of 10-year bonds the UK and Germany, which extends for three consecutive days and during this period increased by 0.136%. On the other hand, despite the euphoria of the oil market, the British currency can not gain weight - investors are actively serves the pound after a slight rise in quotations. In this connection, it is possible to draw conclusions about the presence of a large number of sellers in the market, which in turn will not allow the sterling strengthened greatly.Quotes Brent eve updated yearly highs, while the GBP / USD could not even get up area of 25 figures, despite a significant oversold after the crash on Friday, October 7 at the auctions in Asia.
GBP / USD recommendation : Investors should not expect sideways trading for the pair pound dollar in the range 1.2300 -1.2450.
Forex. Currency pair yen dollar forecast USD / JPY today 10/11/2016
On Monday, the world's leading stock markets closed in the "green zone", while the indices of "fear" in Europe and North America by the end of the day showed a decline, indicating that the presence of "risk appetite" of investors. At such moments, it is necessary to increase the Buy position on the short-term decrease in quotations, because the upward trend in the pair will gain momentum. On the eve of the government bond market in the two countries has been closed due to public holidays, so we have no information about the mood of investors you this pair. We will focus on the demand for risky assets, which will bring the pair to new highs.
USD / JPY recommendations : Forex Traders today worth buying a couple of dollar yen Buy reduce quotations to 103.50 / 103.30 and take profit at the level of 104.00.
Aleksandr Goryachev
Analyst « FreshForex »
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