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Main » 2018 » July » 4 » Forex forecast and recommendations for today 04.07.2018: EUR / USD - the probability of growth, GBP / USD - the reasons for buying, USD / JP
Forex forecast and recommendations for today 04.07.2018: EUR / USD - the probability of growth, GBP / USD - the reasons for buying, USD / JP


The euro dollar forecast EUR / USD at today 07/04/2018

America today rests bank holiday, on this background, the Forex players in the second half of the day waiting for quiet trade. In the first half of the trading traders should expect an increase in the euro against the background of positive dynamics in the commodity market. As is known, the US dollar and commodities (gold, oil, gas, copper) traded in different directions. Now investors are actively buying products that will adversely affect the value of the dollar. This factor is now the main "driver" of growth of quotations of the single European currency in the absence of important macroeconomic statistics.


EUR / USD recommendation: Buy 1,1660 / 1,1640 and take profit 1,1700.





Pound Dollar forecast GBP / USD today 04/07/2018

GBP / USD - traders are two reasons to buy.

First, this week UK pleases investors positive data on the PMI index, which supports British currency. Today at 11.30 MSK. we get a release on the services sector, which may also be a pleasant surprise.

Second, the upward trend in the oil market will provide additional support to the British currency, due to the strong correlation Brent and GBP / USD. On the eve of the American Petroleum Institute has reported a reduction of reserves of black gold in the vaults at 4.51 million. Barrels., Which is a positive factor for the oil market. In the next two worth waiting for closing the gap on Monday Brent- oil quotations growth in the area of ​​79.13.

GBP / USD recommendation: Buy 1,3191 / 1,3165 and take profit 1,3245.




Dollar yen forecast USD / JPY today 04/07/2018

Today in the US output, and many investors in the stock markets will refrain from active trading, before the return to the markets of American participants. Since the USD / JPY pair is strongly correlated with the stock markets, but today you can expect calm trading throughout the day. Overall, the pair is maintained upward trend, and I expect growth of quotations in the region May 21 (111.39) within a few trading days. Tomorrow night we will get a report on business activity in the US service sector in June, which may cause a new wave of growth of quotations in this pair.

USD / JPY recommendation: Buy 110,80 / 110,50 and take profit 111,22.





Aleksandr Goryachev

Company analyst FreshForex

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