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Main » 2019 » August » 09

Events today:

11:30 MSK. United Kingdom: Change in GDP for the 2nd quarter.

15:30 MSK. US Producer Price Index for July.

The euro dollar forex trading forecast for EURUSD today 09/08/2019

For the euro now there are both good and bad factors. On the one hand, macroeconomic statistics from the US Producer Price Index for July may disappoint investors weak data, due to lower raw material costs. This factor may cause a new wave of reduction in yield of US government bonds. Against this background, it is possible to expect short-term depreciation of the dollar quotation, which in turn have a positive impact on the value of the euro. On the other hand, the leading stock markets of the world show growth of quotations in the past two days, forcing investors to take profits on gold, which this week has renewed six year high and broke the mark of $ 1500 / ounce. Since there is a strong correlation between gold and the euro, this factor can be caused by reduction of quotations of the single currency.

EURUSD recommendation: flat 1.1160 -1.1240



Views: 62 | Added by: mik | Date: 09.08.2019 | Comments (0)

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