The euro \ USD forecast EUR / USD pair today 09/07/2018
Today is not expected to vital statistics, and for trading players on EUR / USD should not expect sideways trading. On the one hand, it is possible to expect growth of quotations of the single currency, as the Friday release of the US labor market disappointed investors in June data on average earnings and unemployment rates, as both figure out worse than expected median. On the other hand, a moderate decrease in the yield of 10-state tapes German bonds relative to their counterparts in the United States and the United Kingdom signals a decline in the euro quotations.
EUR / USD recommendation: flat 1,1725-1,1810.
Pound \ USD forecast GBP / USD today 09/07/2018
GBP / USD - two reasons for traders to open long positions. Firstly, in the credit markets observed growth yield on 10-year UK government bonds relative to their counterparts in the United States and Germany, which traditionally has a positive effect on the value of the pound. Secondly, today we are seeing an upward trend in the oil market, which also will support the British currency, due to the strong correlation GBP / USD and Brent. Investors buy oil contracts on the background of geopolitical tensions in the Middle East, where Iran threatens the international community to block 30% of oil supplies through the Strait of Hormuz.
GBP / USD recommendation: Buy 1,3295 / 1,3280 and take profit 1,3350.
Dollar yen forecast USD / JPY today 07/09/2018
Buy USD / JPY pair, based on the growth of quotations in the region of 111 pieces. The main driver of growth will make the US stock market, where the "bulls" strong buy securities at current levels. Friday's release of the US labor market in June reduced the probability of a Fed rate at the December meeting, which has been welcomed by investors in the stock market. S & P500 index is now at a maximum of ten day, which suggests a strong increase in quotes pair USD / JPY, as it is strongly correlated with the US stock market.
USD / JPY recommendation: Buy 110,38 / 110,15 and take profit 111,00.
Forex forecast for today Aleksandr Goryachev FreshForex