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.
- Forecast for coming week Summing up views of
- All eyes on US Nfp
- Ruble maintains gains against dollar
Do not forget: in addition to the FOMC, will now televised debate!
Today at 22.00 MSK. held last televised debate between the candidates for president of France Macron and Le Pen, which will last more than 2 hours.
Although the FOMC today pulls the blanket, it is possible that TV debates course can also once again, as in previous times, provoke sharp fluctuations in assets denominated in euros.
The EUR / USD pair attracts special attention 1.10 (psychological level), and then a magnet for the bulls may be 1.1070 (Nov 1) and 1.1130 (Nov 4), if Le Pen loses the debate.
In addition to the EUR / USD, bullish momentum can dial EUR / JPY and EUR / GBP. The growth of risk appetite will have a lot of pressure on the safe haven JPY, and GBP interest quickly fades amid concerns problems Brekzita.
On the other hand, if the odds on the basis of debate in the 2nd round Le Pen winning grow, EUR / USD may fall to 1.0775 (200-DMA) and 1.0685 (100-DMA).
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Natixis: Mario Draghi today, at least say something new
The main event today will be the decision of the ECB’s monetary policy, and given the statements of Mario Draghi that the fate of QE program will be discussed in the autumn, this debate is likely to begin today.
In any case, today we have to at least learn something new. To prepare the market with phasing out asset purchase program, starting next January a decision on this matter should be announced today or in October. According to our forecast, the duration of the QE program will be extended, as an acceleration in economic growth and inflation equalize rapidly rising euro and increased geopolitical uncertainty. However, the question remains open of specific dates. Source: Forexpf.Ru – Forex Market News
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- Do not forget in addition to FOMC will now televised
Concern General Electric wants to hold IPO of its finpodrazdeleniya
American multidisciplinary group General Electric Co. It plans to hold an initial public offering of its financial unit – Synchrony Financial – at the end of July. According to the mood of the company, to gain from the sale of shares to be $ 3.1 billion.
To accomplish placement, General Electric plans to sell 125 million shares (this is 15% of the total) unit serving private clients in North America. Value per share – $ 23-26. The securities will be placed on the New York Stock Exchange. The company’s capitalization is estimated at about $ 20 billion.
As explained by the source
the company plans to sell a financial
business are included in the company’s strategy –
reduction of non-core assets and
concentration of efforts in producing
Previously, GE was looking for applicants
for the purchase of units, issuing
household appliances and lighting.
This business has brought the company $ 381 million in
Last year, or less than 2% of the total
- FTSE leave Sberbank and VTB in their indexes
- European markets rise on speculation
- Fed plays in soap bubbles
USD, EUR, JPY, GBP, AUD: Forecast for next week – Morgan Stanley
USD: Uptrend ..
Data next week should generally support the currency, and can be a catalyst for the return of a strong trend of the dollar …. We maintain our medium-term bullish view on USD.
EUR: The political and monetary pressures. Downtrend.
Greek risks remain high and should influence the European assets in general. European data has improved somewhat, but we doubt that this will be enough to increase the currency …. We will follow the CPI next week …
JPY: Strong on the crosses. Uptrend.
We remain bullish on the JPY crosses … we expect the JPY will be strong on the crosses in the medium term. In addition, concerns about Greece could weaken the appetite for risk, which also offer support relative JPY.
GBP: long-term perspective to sell. Downtrend.
Prolonged exposure to political uncertainty is likely to keep GBPUSD under pressure sellers. We prefer to sell GBP on the big rebounds, but take a more cautious approach in the elections ….
Regional AUD weakness? Downtrend.
We expect the AUD to continue weakening in the coming weeks, so kakdannye China were slightly soft, Korean GDP fell, and the Reserve Bank of New Zealand expressed his softer tone. Just waiting for strengthening of the dollar on the trail. week may provide further pressure on AUD …
PS: Just do not forget about the free $ 15 in the binary options. (Free dollars can only be obtained by May 31!)
- EURUSD pair will unfold down
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USD, EUR, GBP, CAD, AUD: Forecast for next week – Morgan Stanley
USD: Uptrend ..
We believe that the USD may begin to see the flow of investment … Also on the USD affect the possibility of a rate hike …
We have revised our forecasts for the euro, and now we expect the 1.06 at year-end. Our economists expect another cut of 10 bp in the deposit rate and the expansion of asset purchase program. All this should be negative Euro … read more (click on the source)
The Australian will rise, and then fall
slightly recovered ground against most rivals Tuesday. its
role in this was played and the positive data from China and the positive dynamics
stock markets. This resulted in a large-scale restoration USD / JPY to
109.29 mark, and fall EUR / USD in the area of 1.1280. Chinese
Statistics from the sharp rise in export markets has attracted attention because it
perceived as the stabilization of the economy after a difficult period
slowdown and the collapse of financial sites. That is why the market
He came back positive, and under attack were the most “risk-free assets.”
markets continued their upward movement was greatly fostered by a positive
Chinese statistics. Meanwhile, Brent yet updated
4-month high of 44.93 dollars. / Bbl., But then go
able. Gold sharp pullback in the area in 1240 dollars. / Oz. On the understanding that
housekeeper in the world can all be not so bad.
Continued on site GK FOREX CLUB
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