Forex. Euro Dollar EUR / USD forecast for today 03/13/2017
The euro last two trading days of ignoring the negative news background. American statistics on employment exceeded the expectations of market participants, even though at this greenbacks dividends received. Non-Farm in February were at a level of 235 thousand. People, and up to two months at the level of 473 thousand. People, which is 30.3% more than the year before. Two months in a row indicator is above the level of 200 thousand., That indicates the acceleration of economic growth. Futures on the rate the Federal Reserve, which until employment data showed a 88% chance to increase the key rate at a meeting on March 15 after a report showed growth to 93%. Thus, the market expects the FOMC interest rate increase.
On the commodities market has seen a strong drop in metals and energy, is positive for the greenback. Commodity market reacts to a possible tightening of monetary policy the Fed is quite naturally - the assets fall in value. How long the euro will be able to ignore the negative news? It is likely that in the near future, this rasskorelyatsiya end and the market will return to normal.
EUR / USD recommendation 13.03.2017: Sell 1,0700 / 1,0730 and take profit 1,0600.
Forex. The pound dollar GBP / USD forecast for seg OD A Y 03.13.2017
Briton paired with ameerikantsem last couple of trading days is the flat in a narrow 1.2133 -1.2194. Where the market will go next? Will the new wave of sales or market fall ended and we expect the upward trend for the Briton? It is possible, players will see a new wave of sales, as this is indicated by a number of factors.
Firstly , the yield on 10-year British government bonds decreased to German and American, it reduces the attractiveness of investments in the Kingdom of assets. America in the first half of March, investors were pleased with the strong macroeconomic statistics, against the background of growth in yields on treasury bonds, does not leave investors with no choice, how to buy US assets.
Second , the market of black gold sales seen strong, traditionally a bad effect on the value of sterling. Baker Hughes on Friday once again reported about the growth of drilling platforms in the US by 8 units to the level of 617, which is a maximum of 2 October 2015. It is worth noting that on 6 platforms has increased the number of vertical units, which are the most effective in terms of production. What does this all? This suggests that we can once again see the growth of oil reserves in the United States, which will provoke a new wave of sales of energy.
According to the CFTC large speculators increased their sales once again pound: 10.7 thousand contracts, against 4.3 thousand contracts a week earlier... This growth rate is the highest in the last 4 months, which confirms the presence of strong sellers in the market.
GBP / USD recommendation 13.03.2017: Sell 1,218 0 / 1.2230, and take profit 1,2100.
Forex. the dollar against the yen USD / JPY forecast for today 03/13/2017
USD / JPY - which is a correction or reversal? They will see players testing 116.00 area? In ka probably the following: now there is a correction after the completion of which the market can go to the 116 figure. The corrective movement can be completed either in the area of 114.50, or 113.60 area. It is possible that deep correction can be realized to 113.60, but the chances of such an outcome a bit. On the bond market the yield differential of US and Japanese 10-year government bonds is at three-month high, which does not rely on a strong pair falling. On the contrary, investors can use the current levels to build the "Long".
Last Friday, the US stock market closed trading in the "green zone", and the index of "fear" the VIX has fallen by 5%. This pattern indicates that at the beginning of the week we can expect the demand for risky assets, which have a positive impact on the value of the pair USD / JPY. It is impossible to ignore the dynamics of the net speculative positions on the yen by the CFTC: large speculators reduced sales of Yen 10 weeks in a row, but last week was recorded an increase in the "shorts" of 4.7 thousand contracts.. Thus, we can conclude about the change of market sentiment - is now the major market participants expect growth of quotations of the pair USD / JPY.
USD / JPY recommendation 13.03.2017: Buy 114,50 / 113,6 0 and take profit 115,50.
Aleksandr Goryachev
Company Analyst FreshForex
