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Main » 2018 » July » 6 » Forex forecast and recommendations for today 06.07.2018: EUR / USD - US statistics, GBP / USD - decline, USD / JPY - buy
Forex forecast and recommendations for today 06.07.2018: EUR / USD - US statistics, GBP / USD - decline, USD / JPY - buy


Forex euro dollar forecast EUR / USD pair today 07/06/2018

Today, the European currency waiting for negativity in the currency market. First, reduced yield spread on 10-year German and US papers, it is a negative factor for the euro. Spread falls after report on business activity in the US service sector in June, where the index rose to 59.1%, reaching a four-month high. Such data are equal to GDP growth by 3.7%, which is positive for greenbacks. Second, under the sales are common today are commodity assets (gold, oil, copper, aluminum), it will support the American view of the inverse correlation of these instruments.


EUR / USD recommendation: Sell 1,1700 / 1,1715 and take profit 1,1670.







Fooreks Pound Dollar exchange rate forecast for the pair GBP / USD today 07/06/2018

Traders on the pair GBP / USD: wait for two reasons decline of the British in the first half of trading.

First, the profitability of British 10-year bonds in the debt market falls to US and German securities is negative for sterling.

Second, the decline in the commodity market, oil quotations, which is also negative for the pound because of the direct correlation GBP / USD and Brent. In the afternoon, the course of trading will be determined by statistics from the US labor market, where special attention should be paid to the indicator of average earnings. 

GBP / USD recommendation: Sell 1,3235 / 1,3325 and take profit 1,3200.




Forex dollar to yen forecast for the USD / JPY today 06/07/2018

Traders on the USD / JPY today are two reasons Buy. 

First, the world's leading stock exchanges observed growth of quotations, which is positive for the dollar yen pair, it is strongly correlated with the equity markets. Earlier this week, investors sold stocks in the US and in Asia amid concerns about a trade war the United States and China, but now many economists Bank of China and the Federal Reserve suggest that the negative effect on the world economy will not be as significant as talking about it in the press .

Second, the growing yield spread of US and Japanese 10-year bonds, it pozitivnyyfaktor for greenbacks.


USD / JPY recommendation: Buy 110,70 / 110,50 and take profit 111,25.





Forex forecast and recommendations trader analyst Alexander Goryachev FreshForex





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