The euro dollar forex forecast pair EUR / USD today 08/10/2018
Statistics from the US Friday, investors were looking forward to, since employment numbers could cause a sharp strengthening of the dollar in the event of a strong release. Investors have been fascinated by the entire dollar last week and now can happen a little disappointed. Non-Farm was 134 thousand, and for the third quarter was at the level of 551 thousand figure for form U6 unemployment rate increased by 0.1% at the end of September -.. Is more accurate indicator of unemployment, rather than the one that showed on Friday to fall to 3.7% mark because it takes into account all unemployed. What do these numbers mean for the market? The September figure fell significantly below the annual average and quarterly index grew by 29.6% yoy, while the unemployment rate rose. Market news is moderately negative, and the market was originally expecting very positive news!
EURUSD recommendation: Buy 1,1500 / 1,1480 and t ake profit 1.1544.
Pound dollar forex forecast pair GBP / USD today 10/08/2018
Last Friday, in addition to statistics on the labor market, there was another interesting report from the United States. We obtained data on the trade balance, which again pointed to the inevitability of the fall of the dollar in the medium term. The thing is that when there is a reduction of dollar growth of exports and an increase in the negative balance of trade balance. In July, the trade deficit was at the level of 50 billion. Dollars, it turned out at the level of 53.2 billion up to August. Dollars. In August 2017, this figure was at around 44.2 billion. USD. We see the deterioration of the situation, that will not be ignored D. Trump, which I think in the near future once again criticize the strengthening dollar, which hurts exporters. For the British currency - this is a positive signal!
GBPUSD recommendation: Buy 1,3092 / 1,3070 and pro take of fit 1.3150.
Dollar yen forex forecast USD / JPY today 08/10/2018
At present, formed a mixed background. On the one hand, we can expect growth of quotations on the background of positive dynamics in the credit market, where the yield on US 10-year government bonds demonstrates strong growth in relation to the Japanese counterparts. Yield spread is now at a six-month high - this indicates a high interest in US assets. On the other hand, today we are seeing a downward trend in Asian stock markets, which may cause a correction in equity markets in Europe. For the pair is a negative signal, since it is correlated with stock exchanges.
USDJPY recommendation: flat 1 13.50 -114.40.