Forex Events today:
10:30 MSK. Germany: PMI in the manufacturing sector for April (the previous value of 58.3, forecast 58.1).
11:30 MSK. United Kingdom: The retail volume, taking into account the cost of fuel for April (the previous value of 3.7% y / y, forecast 3.4% y / y).
17:00 MSK. USA: Sales of housing on the secondary market in March (the previous value of -3.7% m / m forecast 2.1% m / m).
Forex. Euro Dollar EUR / USD forecast for today 04/21/2017
Today players Fores euro should not expect reduction of quotations on the background of increasing "risk appetite". The US stock market finally stir. Investors are actively buying stocks, the leaders of growth were the company's financial sector and the construction materials sector. It should be noted Goldman Sachs increased by 2%. In the first half of the day can be expected to yield a moderately positive data on industrial PMI in Germany in April against the background of increasing ZEW index to its highest level since July 2011. It is likely that a positive report would put pressure on the value of the euro. It sounds like a paradox, but it can be expected that investors will actively buy German stocks and the DAX30 index growth is usually a negative impact on quotations of the single European currency.
EUR / USD recommendation 21.04.2017: Sell 1,0725 / 1,0 760 and take profit 1,0665.
Forex. Pound Dollar forecast GBP / USD 21.04.2017
Bidding for the pound today will determine the report on retail sales for March. Given the slowdown of average earnings growth rate, and reduce the volume of consumer credit should wait for the worse than expected median data is negative for the British. Debt dynamics of the market today as well on the side of the sterling sellers: the yield on 10-year British government bonds reduced to German and American. US statistics on housing sales in the secondary market in March can get better than the consensus forecast, with increased incomes of the population, this is positive for the greenback.
GBP / USD recommendation 21.04.2017: Sell 1,2825 / 1, 2855 , and take profit 1,2765.
Forex. Dollar Yen Forecast USD / JPY 21.04.2017
Today is the last day of the trading week and can expect strong movements in the market. It is likely that the US stock market closed trading week of steady growth of quotations, which in turn have a negative impact on the value of the yen as a funding currency. On Thursday, a majority vartalnyh US corporate reports were again positive. The greatest growth in the United States on Thursday showed the index of small and mid-cap Russell 2000, which is a very good sign for the "bulls". Taking this into consideration today can be expected to test the psychological level of 110 yen per dollar, where traders can begin to take profits on long positions.
USD / JPY recommendation 21.04.2017: Buy 10 9.10 / 108.71 and take profit 110,00.
Aleksandr Goryachev
Company analyst FreshForex
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