Events forex today:
16.30 MSK. United States: Producer price index for February (the previous value of 1.6% y / y; the forecast of 1.9% y / y).
Forex. Euro Dollar EUR / USD forecast for today 03/14/2017
The first trading day of the week the single currency completed in the "red zone", and today, it is likely this trend will continue. For the fall of the euro, there are two good reasons.
First , investors continue to buy shares on the leading stock exchanges that, in turn, is negative for the euro as a funding currency.
Second, today the United States will publish the release on the PPI, which may please investors by strong data on the background of rising energy prices.
Tomorrow will report on the consumer price index, and investors should wait and growth rate, which in turn can completely convince market participants that the FED will raise its benchmark interest rate on Wednesday night. On the bond market the yield on 10-year German government bonds to the British and American, which reduces the attractiveness of investments in the assets of the Old World.
EUR / USD recommendation 14.03.2017: Sell 1 , 0665 / 1.0705, and take profit 1,0600.
Forex. The pound dollar GBP / USD forecast for today 14/03/2017
Yesterday the pair closed in the "green zone", it gained 0.4%, while the yield differential of the British and US 10-year government bonds at the end of the day fell 1.5 bp Typically, two tools have a high direct correlation and the discrepancy will not last long. Because tomorrow the Fed may raise the discount rate by 0.25%, the yield spread on debt securities will expand even more, which will bring the pair to new lows this month.
Support for the pound may be obtained only on Thursday, when a meeting of the Bank of England, where the regulator may increase the inflation forecasts for the next two years, as did Mario Draghi last week. Until 16 March should not expect the fall of the British currency quotes as forming a positive news background for the US dollar.
GBP / USD recommendation 14.03.2017: Sell 1,22 20 / 1.2250, and take profit 1,2140.
Forex. Dollar Yen USD / JPY forecast for 14/03/2017
Buy before its too late! It is well worth oharakterizovt trend in this currency pair. Now for the bulls to form a positive pattern.
Firstly, the US stock market, though slowly, but still moving up. The index of "fear" the VIX closed trading Monday decline, signaling a steady "appetite for risk". Since the Japanese yen - a funding currency №1 in carry trade operations, then this is the "appetite" will move the pair up. Such a pattern here, and nowhere on it does not go.
Second, as noted earlier, today and Zavriev worth waiting for positive data from the US PPI and the CPI, which has a positive impact on the value of the dollar.
USD / JPY recommendation: the Buy 114.80 / 114.40 and take profit 115,50.
Aleksandr Goryachev
Company Analyst FreshForex
Results of trade on fundamental recommendations Alexandra Hot
