The main events for traders today:
12.00 MSK. Eurozone: Consumer Price Index for June (the previous value of 1.9% y / y, forecast 2.0% y / y).
15:30 MSK. US: The main index of the cost of private consumption in May (the previous value of -1.8% q / q, the forecast of 1.9% q / q).
The euro dollar forecast EUR / USD pair today 06/29/2018
Traders on the EUR / USD forex trading today is worth waiting for the growth of the European currency. At auction in Europe, there are data on inflation in the euro area, the report may please uchastgikov market their positive and support the currency of the Old World. Inflation in the countries of G-20 is now demonstrating growth on the back of increasing oil prices. It should be said about the oil - black gold shows steady growth this week and today the positive trend may continue. In the southwest Iranian city of Abadan on fire one of the biggest oil refineries in the world.
EUR / USD recommendation: Buy 1,1640 / 1,1620 and take profit 1,1680.
Dollar yen forecast pair USD / JPY today 06/29/2018
Growth pair USD / JPY continues. Players return to the US stock market, the positive rate for the pair USD / JPY, as it is strongly correlated with the S & P500 index. On the eve of the leaders of growth were securities of technology companies, this is a positive factor for the market, because these securities are considered to be highly risky and if investors are willing to buy them, it means that they expect the development of a sustainable uptrend. It is worth noting, on Thursday there was an increase in the emerging markets (Brazil, Turkey), is positive for the pair USD / JPY. Another reason for the growth of the pair USD / JPY - is positive on the credit market, where the yield spread of US and Japanese 10-year bonds shows growth.
USD / JPY recommendation: Buy 110,48 / 110,25 and take profit 110,90.
Author Aleksandr Goryachev FreshForex