Forecast on 04/03/2019 – USD/JPY has been up to a rate of 112 after two months

NY Market

  • USD/JPY has been bullish and raised up over 112.00 after 2 months because of two main factors, 1. rising US long term interest rate, 2. US-China summit meeting could be in the middle of March at earliest.
  • EUR/USD has been at a same rate and moving between mid 1.13 and 1.14.
  • Stock market has been supported as there is a positive impression on US-China trade talk towards final agreement. DOW raised $110 and on a rate of 26,000 after 3 working days.
  • Bond market has been sold and bearish. Long Term interest rate also raised up to a rate at 2.75%.
  • Gold has been weak and bearish down below 1,300. Crude also went all the way down to a rate of $55.

Rates

USD/JPY: 111.64 – 112.08

EUR/USD: 1.1355 – 1.1409

EUR/JPY: 127.14 – 127.50

NY DOW: +110.32 –> 26,026.32 USD

GOLD: -16.90 –> 1,299.20 USD

WTI: -1.42 –> 55.80 USD

US 10y Treasury: +0.038 –> 2.753%

Remarkable Orders

Open Positions (Unredeemed Positions – possible bullish/bearish)

USD/JPY: Open Long positions at 111.950, Open Short positions at 111.700

EUR/USD: Open Long positions at 1.13900, Open Short positions at 1.13350

Open Orders (Unredeemed Orders – possible support/resistance)

USD/JPY: Open Buy orders at 111.650, Open Sell orders at 112.250

EUR/USD: Open Buy orders at 1.13750, Open Sell orders at 1.13300

Today’s Economic  Events

  • AUD

0:30 GMT Building Permits (YoY) (Jan)

  • GBP

09:30 GMT: Markit Construction PMI (Feb)