17:30 MSK. US data on crude oil inventories from the Department of Energy
Eur usd forex forecast for EURUSD exchange rate for today 08/05/2019
For EurUSD pairs in the forex market a mixed background generated today. On the one hand, there is a high interest of investors in gold, which is positive for the euro quotations as between gold and the currency in Europe is a strong correlation. On the other hand, the credit market sentiment changed, and now the yield of the German 10-year bonds fall to the British and US bonds. The European Commission has lowered the forecast for euro zone GDP growth for 2019 from 1.8% to 1.2%. Inflation in the euro area, the EC is estimated to be 1.4% in 2019 and 2020., Remaining below the ECB target with. It's hard to understand how the two factors will have a greater impact on the course of trading?
EUR / USD recommendation: flat 1.1170 -1.1240