Forex. Weather forecast on September 29, 2016
The main events forex today:
15.00 MSK. Germany: Consumer Price Index for September (the previous value of 0.0% m / m forecast 0.0% m / m).
15.30 MSK. USA: Change in GDP for the quarter for the 2nd quarter (the previous value of -1.1% q / q, the forecast of 1.3% q / q).
15.30 MSK. US. The number of initial applications for unemployment benefits in September (the previous value of 252K; 260K forecast)
23.00 MSK. US: Federal Reserve Board of Governors Chairman Janet Yellen will speak in Congress.
Forex. Currency pair EUR USD forecast EUR / USD today 29/09/2016
Today, in the first half of trading on the Forex currency market on positive news background, the euro dollar is likely to show growth.
The world's leading oil producers in Algeria have agreed to limit the production of oil, it will put pressure on the greenback, as energy costs are denominated in US dollars. The differential in yield of US and German 10-year government bonds in the bond market is reduced, it is into the hands of buyers euros. In this respect, the euro is likely to 1.1250 / 1.1270 before the opening of trading in the US. Further dynamics of trading on the euro, the dollar will determine statistics from the US, and especially data on unemployment benefit claims. This figure for the last month demonstrates the positive trend, and if the trend continues couple demonstrate corrective decline, as strong data indicate a strong report on the labor market in the next Friday.
S ro dollar recommendations: a pair of euro dollar today investors in the forex trading is to buy the pair EURUSD Buy reduce quotations to 1.1210 / 1.1170 and take profit at the level of 1.1250.
Forex. The currency pair Pound Dollar forecast GBP / USD today 29/09/2016
Investors in the currency market today is worth waiting for the growth of quotations of the British against the dollar for two reasons.
The first reason , the yield of British 10-year government bonds in the credit market is growing by the German and the US, it increases the attractiveness of investment in the United Kingdom assets and support the British currency quotes.
The second reason , at the International Energy Forum in Algeria, OPEC decided to limit the amount of oil production at the level of 32.5 million. Barrels / day. In commodity markets oil prices reacted to this event is the rapid growth, and increased by 4.5% in Brent on Wednesday. November 30 in Vienna, OPEC will present a final plan to cut production at its meeting. As this event is reflected in the foreign exchange market? Investors in the short term should not expect growth of quotations to 50.25 / 51.00 for Brent, as in the last time, market participants questioned the scenario successfully. For the pound to dollar GBP / USD is a positive factor. In the medium term, it is necessary to wait for reduction of quotations, as the level of production of 32.5 million. Barrels / day higher. Before the summit in Qatar on April 17, when the players have agreed to freeze production levels, OPEC countries mined 32.44 million. Barrels.
Pound Dollar recommendations : Investors pair GBP / USD pair is worth buying now Buy reduce quotations to 1.3010 / 1.2975 and take profit at the level of 1.3050.
Forex. The forecast of the dollar, the yen USD / JPY today 09/29/2016
Two trading days on the USD / JPY quotes foreign exchange market closed in positive territory, although the growth rate the dollar, the yen sluggish. Which trend investors should not expect today?
The pair USD / JPY is likely to continue its upward trend, and the main driver of growth, will be high "risk appetite". In global stock markets and high-yielding currency crosses on Wednesday there was an increase. Investors are building up positions carry trade, it is traditionally a negative for the yen as a funding currency. Positive changes occurred in the debt market: the yield differential of US and Japanese 10-year government bonds showed growth, is positive for the greenback.
Dollar Yen recommendations for today : the dollar with the yen investors, today worth buying a pair USD / JPY Buy reduce quotations to 100.58 / 100.35 and take profit at the level of 100.95.
Aleksandr Goryachev
Analyst « FreshForex »
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