11:30 MSK. United Kingdom: Changes in the level of average earnings in May.
15:30 MSK. United Kingdom: Producer price index for May.
The euro dollar forex trading forecast for EURUSD today 06/11/2019
In the first half of trading, the euro will show a decrease, against sales of gold as the euro and precious metals have a strong correlation.
Investors are actively buying "risk assets" (stocks, oil and higher-yielding currencies) and against this background we see outflow of capital from the "safe assets" (Yen, Franc and gold). In the afternoon, the course of trading will be determined by macroeconomic statistics from the United States - I expect of decline in the producer price index, which has a negative impact on the value of the dollar. Producer Price Index is heavily dependent on raw material costs, the cost of which in the late spring was strongly reduced. According to the futures market in Chicago, investors expect the Fed lowering interest rates in July and September, and the negative data will only reinforce these expectations.
EUR / USD recommendation: Buy 1.1307 / 1.1285, and take profit 1.1360.