The main events for today Forex:
16.30 MSK. US: The number of initial applications for unemployment benefits in January (previous value of 235K; 266K forecast).
Forex Forecast EUR / USD today 01/12/2017
On the eve of the forex players were waiting for performances by Donald Trump at a press conference, which created quite a stir in the financial markets.
This situation is reminiscent of the events of early November, when the votes were counted at the polling stations in the United States and the markets began a short-term panic. Someone was selling the dollar and stocks, someone bought gold and the yen. We remember what happened next - the markets have recovered and have demonstrated a strong backlash. Does history repeat itself this time? Probably yes! Last month the pair is trading in the range 1.0339 -1.0666. Traders should open Sell position in the area of the upper limit of this range, and wait for lower prices. Tomorrow traders will probably get a positive release of retail sales in the United States in December, against the backdrop of a strong report on CB Consumer Confidence, which causes investors to talk about the growth of inflation expectations in the United States. Next in the chain implies that inflation is an increase in Federal Reserve interest rates,
EUR / USD recommendation: Sell 1,0650 / 1,069 0 and take profit 1,0600.
Forex forecast rate GBP / USD today 12/01/2017
Pound against the greenbacks reached the goals mentioned in the forecasts at the end of December 2016, and now traders should wait for the development of corrective movement. This is indicated by two factors.
First, the credit markets the yield on 10-year British government bonds rising to the German and American, it increases the attractiveness of investment in the United Kingdom assets. It is necessary to wait for a downward correction in the development of the cross-rate EUR / GBP, this factor further support the British.
Second, on the commodities market, crude oil finished trading environment in the "green zone", despite portion of negative statistics from the USA. Oil, oil and gasoline have shown strong growth, however, the downward reaction of the black gold was very fast, and then we saw strong demand. This factor will have a positive impact on quotations greenbacks.
GBP / USD recommendation: the Buy 1.2200 / 1.2160, and take profit 1,2270.
Forex forecast pair USD / JPY today 12/01/2017
Today in the forex trading for the dollar yen pair is formed by a mixed background.
On the one hand, it is necessary to wait for another wave of devaluation of the dollar, the yen against the background of falling stock markets and rising VIX fear index. Although there is a catch: US companies began to corporate reporting season on a positive note and investors can begin to redeem the drawdown, which has a positive impact on stock indexes, and will put pressure on the yen as a funding currency.
On the other hand, the current levels are attractive to build long positions, based on the continuation of the upward trend due to the different directions of monetary policy the US Federal Reserve and Bank of Japan. Today, there are more questions than answers. Traders should wait for the closing of the trading day and after that again to weigh the pros and cons.
USD / JPY recommendation: fle t 114,60-115,60.
Results of trading on signals Alexandra Hot FreshForex during 9-11 January
Aleksandr Goryachev
Company Analyst FreshForex
