Forex. Weather forecast on October 13, 2016
The main events forex today:
15.30 MSK. US. The number of initial applications for unemployment benefits in October (the previous value of 249K; 252K forecast)
18.00 MSK. US data on crude oil inventories from the Department of Energy in October (the previous value -2,976M; 0,286M forecast).
Forex. Currency pair EUR USD forecast for today EUR / USD 13.10.2016
The main event for investors today, a report in Schtatah for the past week crude oil inventories. Oil demonstrates a weakness in the case of negative data output likely decrease in quotations, it is a positive factor for the greenback, and will send the euro lower tenth of the figure.
The nearest strong resistance on the index USDX dollar at around 98.59 decrease in quotations EUR / USD pair to 1.0950. Chances mark test in the remaining two trading days are very high, as the weekly report oilfield services company Baker Hughes reported an increase in the number of drilling rigs in the United States and Canada, and 3 units in Mexico on 2 platforms respectively. Thus, in the United States and Canada, the number of drilling platforms at a maximum since February 19, 2016, in Mexico, at a maximum 15 April of the current year. In view of the growth of production capacity in North America is to wait for the negative data on stocks of crude oil, which will contribute to a fire-sale of black gold and the euro.
EUR / USD recommendation: Investor pair euro dollar today in forex is to sell EUR / USD on the growth of quotations of the Sell to 1.1030 / 1.1070 and take profit at the level of 1.0960.
Forex. Couple pound dollar forecast for today GBP / USD 13.10.2016
Investors: two reasons to sell GBP / USD:
The first reason , the last minutes of the last FOMC meeting has not disappointed investors, as it was not a negative, but rather indicated the need to raise interest rates. In the current environment, where the trend is gaining momentum greenbacks (US dollar index USDX basket at the maximum in the last 7 months) the absence of negativity from the US in itself is positive.
The second reason , the growth of quotations of the American currency puts pressure on the black gold as the price of commodities denominated in US dollars. London Brent crude, and can not be fixed for a maximum of confidence this year, 52.99 $ / barrel in the near future should not expect lower prices to the psychological level of $ 50 / barrel, this will increase the pressure on the sterling.
GBP / USD recommendation: Traders pound with bucks today forex, is to sell the pair GBP / USD on the Sell growth of quotations to 1.2220 / 1.2260 and take profit at the level of 1.2120.
Forex. The dollar yen forecast for today USD / JPY 1.10.2016
Investors in the dollar against the yen today on the forex is to build long positions on pullbacks, since the credit market a strong expansion of the yield differential of US and Japanese 10-year government bonds. There was a "strong argument" in favor of a rate hike in September - it is reported to us minute the US Federal Reserve, which came out last Wednesday night the pair renewed high of September 2016, and now opens the way to the 107 figure. Still likely that traders will see this mark until the end of this year. And maybe this month, as the US Treasuries market experiencing rapid growth in profitability. In this regard, both short-term and medium-term scenario suggests upward movement in this pair. You can not forget about the Bank of Japan, which will hold its meeting on 1 November and 20 December, where we can expect a verbal intervention aimed at devaluation of the yen, or the announcement of new stimulus, as in Japan for five months there is deflation.
USD / JPY recommendations : Investors in the dollar against the yen is worth buying a pair Buy today on reduction of quotations to 104.00 / 103.65 and take profit at the level of 104.65.
Aleksandr Goryachev
Analyst « FreshForex »
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