The euro dollar forex EUR / USD forecast for today 20/04/2018
Today is not expected to vital statistics for the currency market, and traders should pay attention to the dynamics of the debt and commodity markets. The credit market a positive signal for the euro: the differential yields of German and US 10-year bonds shows growth. Feedstock market are two main assets are mixed: Gold moderately reduced, and oil is trading at a high of 30 November 2014. The market is waiting for the outcome of a meeting of OPEC + Russia to be held in Saudi Arabia. Apparently, the Saudis would try to persuade Russian renew the agreement on the limitation of oil production to the end of 2019. The Chinese have not yet believe that the package of 5% shares of the company Saudi Aramco could cost 100 billion. $. Saudi Arabia needs oil prices above $ 80 to persuade the Chinese to buy shares of their oil and gas company. Market participants should not expect,
EUR / USD today recommendation: Buy 1,2335 / 1,2215 and take profit 1,2377.
Pound dollar forex forecast GBP / USD today 20/04/2018
Today the dollar in tandem with the British currency GBP / USD traders should wait for a positive for two reasons:
The first reason: the yield on 10-year British bonds rises sweat against US and German debt, it will support the UK currency.
The second reason, in the commodity market, oil prices on three-year high, it is also positive for sterling, due to the strong correlation Brent and GBP / USD. In this regard, the players on the pound, while the depreciation of the GBP / USD to marks 1.4065 / 1.4040 to open long positions on the Briton.
GBP / USD today recommendation: Buy 1,4060 / 1,4030 and take profit 1,4140.
Dollar against the yen forex forecast pair USD / JPY today 04/20/2018
The growth of quotations USD / JPY is gaining momentum and the dollar, the yen aims to test 108 pieces. A significant increase in the yield of US Treasury bonds has caused the expansion of the US differential indicators / Japan, which is a positive factor for the "bulls". The US stock market S & P500 index yesterday lost 0.57%. Was this downward reversal or correction? Most likely the second option, since the day before was no reports of major US corporations, and market participants decided to partially lock in profits on the "Long" after an eight-day growth of quotations. Today, there are the financial statements of companies Baker Hughes, Schlumberger and General Electric. The first two are oilfield and on the background of the United States of hydrocarbon production growth may show positive results. At General Electric accumulated a lot of problems, primarily due to the high debt - its net debt of $ 82.48 billion, and in this regard, investors are waiting for the negative quarterly report.. Worth the wait, the growth of S & P500 index of quotations in the area in 2725, it will support the exchange rate USD / JPY, due to its strong correlation with the US stock market.
USD / JPY today recommendation: Buy 107,60 / 107,40 and take profit 108,15.
Company analyst FreshForex