Events for the Forex today:
17:00 MSK. US: ISM composite index for the non-production sphere in May (the previous value of 56.8, forecast 57.9).
The euro dollar forex forecast pair EUR / USD today 05/06/2018
EUR / USD - now two reasons to open long positions Buy.
First, on the KPA debt market increases the yield on 10-year German securities to the British and US bonds, this is positive for the stock price of EUR \ USD.
Second, players will continue to record profits on the "short", as the political crisis in Italy was completed. In early trading in Europe, market participants should not expect a moderate depreciation of the euro against the background of falling oil prices, which may well be used to open long positions Buy. Today will be the speech of M. Draghi - important comments will probably not be on the head of the ECB since June 14 will be a meeting of the Central Bank of the eurozone, where Mr. Draghi and make all the important statements.
EUR / USD recommendation: Buy 1,1674 / 1,1650 and take profit 1,1752.
Pound dollar forex forecast pair GBP / USD today 06/05/2018
GBP / USD - today, market participants expect an ambiguous situation. On the one hand, it is quite possible the growth rate of the British against the background of positive data from the UK the PMI index in the service sector. Yield spread of British and American 10-year bonds rising, it will support sterling. On the other hand, oil correction in the commodity market is in full swing and the price fixed on the test last week, the minimum (74.50 for Brent oil). This is negative for the currency of the United Kingdom. While it is difficult to understand some of the factors likely to be greater in connection with these players should not expect the flat in the pair GBP / USD.
GBP / USD recommendation: flat 1,3280-1,3350.
Dollar yen currency forecast pair USD / JPY today 06/05/2018
Growth of USD / JPY is gaining momentum, and traders should hurry to have time to jump into the departing train. The main driver of price growth will be positive dynamics of the stock markets. Yesterday in the United States, market participants are actively buying shares, which brought the S & P500 index to a two-month high. Today, it is likely to continue the upward trend, as the growth of employment in the private sector signals the release of positive data on the index of ISM Non-Manufacturing PMI. In this regard, today it is possible testing area in 2760 in S & P500 index, which embolden bulls for the opening of long positions in the pair USD / JPY, because of the strong correlation of the two instruments.
USD / JPY recommendation: Buy 109,72 / 109,49 and take profit 110,25.
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