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Main » 2018 » October » 3 » Forex forecast and recommendations for today 03.10.2018: EUR / USD - BUY, GBP / USD - the flat, USD / JPY - the probability of growth
Forex forecast and recommendations for today 03.10.2018: EUR / USD - BUY, GBP / USD - the flat, USD / JPY - the probability of growth


Events today:

11:30 MSK. United Kingdom: PMI index for the services sector in September (the previous value of 54.3, forecast 54.0).

15.15 MSK. USA: Change in the number of employees from ADP for September (the previous value of 163K; 187K forecast).

17:00 MSK. US: ISM composite index for the non-production sphere in September (the previous value of 58.5, forecast 58.1).

The euro dollar forex forecast EUR / USD today 03.20.2018

Today is a very exciting day waiting for players in the EURUSD. If the US employment statistics from ADP and ISM will be able to make a pleasant surprise, the Dollar will demonstrate strong growth of quotations. Otherwise, we can expect a steady rise of the euro. The euro is not very pleasant for investors, they are watching the political situation in Italy, where the head of the budget committee of parliament lower house of Claudio Borghi in a radio interview said that Italy "would solve most of the internal (economic) problems" with the help of the national currency " . Again heard talk of withdrawal of Italy from the Eurozone. However, given the upward trend in the commodity market, the euro today will be in demand in the first half of the day, and then, as noted earlier, the bidding will be determined by statistics from the US.

EURUSD recommendation: Buy 1,1570 / 1,1550 and take profit 1,1640.







Pound dollar forex forecast pair GBP / USD today 03/10/2018

The British pair dollar today, the situation is ambiguous. On the one hand, it can be a new wave of sales on the background of negative on the bond market, where the yield of British 10-letnihbumag decreases relative to their counterparts in the United States and Germany, which traditionally puts pressure on the pound. On the other hand, the pound may make sense to market the black gold, where investors continue to build the "Long" by a decline in oil supplies from Iran. In September, exports of hydrocarbons from the Islamic Republic fell by 174,000 barrels / day. US sanctions against Iran will start on November 4, and investors are waiting for another wave of reduction of Iranian oil supplies. Since then the pound is a positive signal observed a direct correlation between the GBP / USD and Brent!


GBPUSD recommendation: flat 1,2975-1,3050.




Dollar yen forex forecast pair USDJPY today 03/10/2018


The index of "fear" the VIX, which is calculated for the S & P500 index shows a decline, which is a positive factor for the US stock market. In this connection, it is possible to expect growth of quotations pair USD / JPY, as it is strongly correlated with the US Stock market. Debt market also confirms the upward trend - the yield differential of 10-year US and Japanese government bonds demonstrates the growth that has traditionally provided support for the pair.

USDJPY recommendation: Buy 113,70 / 113,50 and take profit 114,40.




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