Today market focus of publication of US GDP for

Today, the market focus of the publication of US GDP for the fourth quarter of last year. What can we expect from it?

GDP data are among the most important for decision-making on interest rates. Good data will increase the probability of an early increase, as the US dollar again will go to growth. Negative data return value of the dollar to a 5-month lows. And tomorrow the closing of the first quarter can provoke and break through that in the long term will lead to a change in trading ranges in most currency pairs the US dollar. If you try to predict what will come out data, it is worth paying attention to the fact that the data is not the first. They are published three times, reviewed each subsequent month after the end of the quarter, or rather even say translated. So today‘s data will already be final. The previous two publications showed 1.9% of GDP for the fourth quarter, the forecast of 2.2% in February and 2.1% in March. That is forecast for each month is reduced, and the data and go below it. forecast again today lowered to 2.0%, and 0.1%. But if will come again 1.9%, the market will take it as a negative, and the dollar once again to conquer lows. And then you have to choose, for any currency pair with the dollar up to the transaction. Publication 15:30 (GMT).

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Analyst from company ForexMart

Analyst from the company ForexMart (ForeksMart)

EUR / USD. 30.03. The pair may rebound to 1.0795.

The pair continued a downward trend, developed since the beginning of this week. The last trading day ended for the euro decline. Yesterday was officially launched the process of entering the UK from the EU. The euro fell after a cross, which has suffered because of statements by the Minister of Finance of Britain. In his speech, Philip Hammond expressed confidence that Brexit will not develop on the hard scenario. Currently the pair is trading below the level of 1.0758. Candles are disposed between MA with periods of 20, 50 and 100, 200. MACD tends to the negative region. RSI is near oversold zone. Forecast for today offers the pair to 1.0795. However, perhaps the development of alternative scenario – if the pair drops below level 1.0740, it will continue to fall to the level of 1.0628.

Analyst from company ForexMart

USD / JPY. 30.03. The pair is testing 111.00.

Currency pair USD / JPY has formed a “doji” directly at the level of 111.00. During yesterday’s trading the bulls were unable to strengthen the offensive, they need to rise above 111.50 to reverse the trend, but the forces have not yet enough. There is a good chance that the data on US GDP in the fourth quarter against the background of the right to the end of the month will help to strengthen the US currency. Now we see the uncertainty in the market and re-test the resistance level of 111.00 in the case of negative data waiting reduce to 110.00.

Analyst from company ForexMart

USD / RUB. 30.03. Ruble updated highs around 56.

Ruble continues to strengthen as a result of expensive oil. News about reduction of oil production in Libya, 20% gave Brent quotations confident “bull” pulse. Moreover, the weekly report from the US Department of Energy showed a lower than expected increase in the hydrocarbon reserves in the United States. These factors sent the price of oil at around $ 52.30 per barrel. Additional support for the Russian currency have asked the Ministry of Finance, which was taken OFZ at 45 billion rubles. In this regard, the dollar was able to update all the lows and fell to the level of 56.10 rubles.

Stochastic approaching oversold (23,90%), MACD indicator appreciated below zero when growing down bars. Bollinger bands exhibit negligible volatility expansion channel. We expect today the dollar falling even lower, to 55.80 rubles.

Analyst from company ForexMart

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Fxwirepro Xagusd rebounds from key resistance

Fxwirepro: Xag / usd rebounds from the key resistance at around $ 18.32, it is better to sell on rally

  • XAG / USD is currently trading near $ 18.20.
  • Intraday high was taken at around $ 18.32, and the minimum – at $ 18.19.
  • Intraday trend will continue bearish as long as the pair held a line of resistance around $ 18.32.
  • Full closure above $ 18.28privedet testing key resistance levels $ 18.32 / $ 18.40 / $ 18.48 / $ 18.72, respectively.
  • On the other hand, a daily close below the stamps $ 18.28 carry off parity down to key support areas $ 18.17 / $ 18.00 / $ 17.90 / $ 17.72 / $ 17.51 ​​/ $ 17.42 / $ 17.22 / $ 17.09 / $ 16.87 / $ 16.65, respectively.
  • Analysis of the daily trading schedule showed that the 20-day, 30-day and 55-day EMA is directed upwards, thus confirming the bullish market. Current downward movement – only a short-term correction of the trend.

It is recommended to get up in short positions for the XAG / USD at around $ 18.22, with a stop-loss $ 18.32 and a target level of $ 18.00.

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Ruble maintains gains against dollar

Ruble maintains gains against the dollar

The Russian ruble on Thursday, 6 April, strengthened against the US dollar and lower against the single European currency.

Pair USD / RUB trading at 56.32 item with a decrease of 0.1%, and the pair EUR / RUB strengthened by 0.2% and is at a value of 60.07 points.

According to analysts, in the background of rising in price of oil in rubles now there are all chances to continue to strengthen, but this does not happen, because market participants are extremely cautious before the start of today’s meeting, President Hu and US President.

The Russian stock market at the beginning of the meeting will be closed already, so if you have some progress in the global markets, they will win back tomorrow.

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All eyes on US Nfp

All eyes on the US Nfp

Natixis according to analysts, should expect growth of new jobs in the US in March, at the level of 190 thousand.

Key points

“Given the low number of applications for unemployment benefits and increased confidence in the labor market, we expect that to grow by 190 thousand in March, the number of new jobs in the United States. That, coupled with stabilized measure of the proportion of labor in the total population, will allow unemployment to remain at 4.7%. Average hourly to grow on 0.3% m / m and 2.8% g / g “.

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Forecast for coming week Summing up views of

The forecast for the coming week: Summing up the views of a number of analysts from leading banks and brokerage firms, as well as forecasts

EUR / USD. Calendar upcoming week any special economic and political events is not checked, and possibly more than 50% so analysts supported almost half oscillators D1, inclined to the lateral movement of the pair. The second large enough group of experts (40%) believes that the couple should a second test the height of 1.1000. And only 10% of the experts believe that the pair will go immediately to the south. However, their view is supported by graphical analysis and almost half of the oscillator on the H4, indicating an overbought the pair. Moreover, in the medium term it expects fall for 65% analysts. Near term support is 1.0850, medium-term goal – to return to the zone 1.0500-1.0680;

– With regard to the future of GBP / USD, there trend indicators on the D1 insist on continuing sluggish, upward trend, which began in the last decade of April. With this view agree 30% of the experts believe that the pair have to break through the 1.3000 bar. An alternative view is represented by 70% analysts trend indicators 60% and 90% oscillators H4. They all insist on selling this pair, the nearest support is 1.2755. If we move to the medium-term forecast, the number of bears supporters among analysts already exceeds 80%, and as a main objective stated level of 1.2100.

– USD / JPY. After an impressive leap up the couple in the first half of last week and rather strong pullback in the second, the indicators were diametrically opposed – on the D1 they actively vote for the purchase of a pair, and H4 – for its sale. Analysts also are unable to reach any consensus: a third of them for the pair falling, one-third – of its growth, and the remaining third – for a sideways trend. At the same time, about 60% of the experts believe that, with the support in the 111.60-111.79 area in the next few weeks, the pair still has to try to conquer the height of 115.50;

– and the last couple of our review – USD / CHF. As her schedule last week was similar to the chart USD / JPY, so similar and indicators predictions about its future: on the D1 – purchase, at H4 – sale. But as experts and graphical analysis, then, in their view, the pair must first will fall to 0.9940-0.9960 area, then fight back to the level of 0.9990, and then go back into the zone 1.0050-1.0100.

Roman Butko, NordFX

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Usdjpy is trying to stabilize near 109 00

Usd / jpy is trying to stabilize near 109.00

recovery plan from 5-month lows USD / JPY fails to implement because still can not get out from under the pressure.

Another attempt to increase at the start of the European session, provoked by stabilization of yields on US Treasuries, interest encountered sellers near 109.25 and moved to the level of 109.00. The escalation of geopolitical tensions has led to a decrease in demand for risky assets, the world’s stock markets are falling, and secure the yen strengthened.

In addition to concerns about the US relationship with Russia and North Korea, Donald Trump’s comments about “too strong USD», remains a key driver of the pair and will prevent any attempt to recover the dollar.

On line US data on producer price index, level potrebdoveriya and jobless claims.

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