Forex Events today:
11:30 MSK. Germany: PMI in the manufacturing sector in January (the previous value of 55.6, forecast 55.6).
18.00 MSK. USA: Sales of housing in the secondary market in December (the previous value of 0.7% m / m; the forecast -2.0% m / m).
Forex. Forecast EUR USD EUR / USD today 01/24/2017
Today in the forex euro in tandem with the greenbacks generated positive background.
In the first half of trading on the forex market, the players should wait for the release of positive data on German PMI Markit Economics, it will support the euro. Capacity utilization in the leading euro-zone economy has reached a five-year high, signaling the release of positive data. In the second half of the trading day, traders should wait for a negative report on housing sales in the secondary market in the US, which in turn have a negative impact on the valuations of greenbacks. Rising interest rates on mortgage loans in December, caused a decrease in demand for residential real estate market in the United States.
EUR / USD recommendation on 24.01.2017: Buy 1,0740 / 1,0695 and take profit 1,0790.
Forex. Pound Dollar Forecast for today GBP / USD 24.01.2017
Today, for the pound against dollars on the forex formed a mixed background. On the one hand, on the bond market the yield on 10-year British government bonds to German and American, it increases the attractiveness of investment in the United Kingdom assets. On the other hand, in the commodities market, a decrease in prices of oil and probably today the downward trend will continue for the black gold. Reduction of Brent prices traditionally puts pressure on the pair GBP / USD, since oil is quoted in US currency. Sterling last week rose by 4.1% and overdue technical correction.
GBP / USD recommendation on 24.01.2017: flat 1.2455 -1.2555.
Forex. Dollar Yen Forecast USD / JPY today 01/24/2017
Players on the pair USD / JPY today as waiting for a mixed background. On the one hand, the reduction of the yield differential of US and Japanese 10-year government bonds indicates a decrease in quotations of the dollar yen pair. On the other hand, investors can start today to actively build up long positions in the stock markets, which in turn have a positive impact on the dollar quotes. Investors have already begun to fly active copper, and the metal is not only widely used in industry, but also carry trade transactions. In the US stock market, "protective" municipal sector on Monday sank more than 0.4%, which also indicates the unwillingness of investors to go into safe assets. Meanwhile, however, it is difficult to definitely say that we will see an upward trend in the stock markets.
USD / JPY recommendation on 24.01.2017: flat 112.50 -113.70.
Aleksandr Goryachev
Company Analyst FreshForex
