Forex forecast for today 02/03/2017: greenbacks and Non-Farm!

3 февраля 2017 - Fx4News
Forex forecast for today 02/03/2017: greenbacks and Non-Farm!
Forex news traders today:

12:30 MSK. United Kingdom: PMI index for the services sector in January (the previous value of 56.2, forecast 55.8).

16.30 MSK. US unemployment rate in January (the previous value of 54.2, forecast 53.9).

16.30 MSK. USA: Change the number of people employed in non-agricultural sector in January (previous value of 156K; 170K forecast).

18.00 MSK. US: ISM composite index for the production sphere in January (the previous value of 57.2, forecast 57.0).


Forex. Forecast EUR USD EUR / USD today 02/03/2017


As usual on the first Friday of the month investors waiting for Non-Farm. Traders often look forward to this day, as on the foreign exchange market there is a strong movement. What is the trend in the dollar, players can see today?

 

 

Leading indicators point to a way out of strong employment data, which should positively affect the value of greenbacks. Index of employment from ADP rose to the highest since June 2016, applications for unemployment benefits are at the lowest level since 1972, while the employment component in the manufacturing sector ISM from on high from February 2015. US dollar this week, ignored all the positive statistics. Euro strongly driven up and the impression that the euro will fall very fast and strong. 


EUR / USD recommendation: Sell 1,0770 / 1,0830 and take profit 1,0700.

 

 

Forex forecast dollar pound GBP / USD today 03/02/2017


The first of the major currencies began to turn down the Briton. Today the decline of sterling quotations likely to continue for three reasons.

First , the profitability of British 10-year government bonds in the credit market has taken a beating to the German and American, which reduces the attractiveness of investments in the assets of Albion.

The second , on the eve of the Bank of England at its meeting said that will keep interest rates low as long as possible, despite the ongoing process of inflation.

Third , as noted above, the United States probably will delight traders today positive macroeconomic statistics, which has a positive impact on the value of greenbacks. 


GBP / USD recommendation: Sell 1,2560 / 1,2600 and to take -profit 1,2460.

 

 

Forex forecast Dollar Yen USD / JPY today 03/02/2017


"Buy the bottom and the second will receive free" - it sounds so well-known traders saying.


The first floor this week was formed January 31 at the level of 112.07 and fell again yesterday quotes in this area. Will the third floor today? Most likely not. Given the strong macroeconomic statistics couple can demonstrate growth kotirovo to the maximum to 1 February (113.95). Further movement will depend on the dynamics of the debt market. If Treasury yields will move up steadily, the level of 113.95 the pair able to overcome very quickly. 


USD / JPY recommendation: Buy 112,70 / 112, 30 and take profit 113,95.

 

 

 

Aleksandr Goryachev

Company Analyst FreshForex

 

 

 

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