Forex Weather June 26, 2017
Events for today:
11:00 MSK. Germany: the business environment conditions indicator IFO of June (the previous value of 114.6; 114.4 forecast).
15:30 MSK. USA: Change in orders for durable goods in May (the previous value of -0.7% m / m; the forecast -0.5% m / m).
Forex. Forecast EUR / USD today 26/06/2017
In the morning, the single European currency can demonstrate weakness on the background of a negative release of the IFO index. The composite PMI index, which is calculated Markit agency is closely correlated with the indicator IFO Institute, and with the fall of the first index to its lowest level in the last three months, today the players likely to see weak statistics. Statistics from the United States on orders for durable goods may please the traders positive data, coupled with a high volume of home sales in the secondary market. Thus, today formed a positive news background for the US currency and the euro can be expected to reduce the correction.
EUR / USD trading recommendations: Sel l 1.1205 / 1.1240, and take profit 1,1175.
Forex. Forecast GBP / USD today 26/06/2017
Investors are optimistic about the British assets: the yield on 10-year UK government bonds is increasing in relation to their counterparts in the United States and Germany, which increases the attractiveness of investments in British assets. As noted earlier, Germany can today publish a negative report on the index of IFO, which in turn can enhance the expansion of the yield spread of German and British debt, which will further support the British currency. Another positive factor for the sterling - is the growth of the black gold prices. Investors take profit on short positions in the oil, which promotes the growth of correctional Brent and WTI.
GBP / USD trading recommendations I : Buy 1,2725 / 1,2700 and take profit 1,2775.
Forex Forecast USD / JPY today 06/26/2017
At present, formed a positive background for the pair USD / JPY. Asian stock markets are traded in the "green zone", the greatest demand is observed on the shares of Chinese and South Korean corporations. High Yield crosses show growth, while the index of "fear" VIX for the S & P500 of avershil past week decrease by 3.3%. You can not ignore the positive report on orders for durable goods in the US. It should be noted that the debt market shows fletovyh dynamics on Wednesday yields on 10-year US and Japanese government bonds and in connection with this, the growth of the US currency is weak.
USD / JPY Trading recommendations: Buy 11 1.25 / 110.99 and take profit 111,45.
Aleksandr Goryachev
Company analyst FreshForex
