The euro dollar forex trading forecast for EURUSD rate today 01/11/2019
For the single European currency remains positive background. First, the rise in the commodity market, which is positive for the euro, which has a direct correlation with the oil and metals. The market of black gold have comments the Minister of Energy of Saudi Arabia Khalid al-Fapliha, who confirmed the intentions of OPEC + fully remove excess oil from the market, which will lead to an increase in oil prices. Secondly, the report on inflation in the US in December will not be able to please investors positive data, since the cost of gasoline has fallen to a minimum over the past seventeen months. Energy is an important component of inflation and in this regard, it is difficult to count on strong output data. You can not ignore the strengthening of the dollar, which occurred in the fourth quarter, which is also negative for inflation.