Events traders today:
11:30 MSK. UK: Industrial Production for April (previous value 2.9% 2.7% forecast).
Forex Eurodollar rate forecast EUR / USD at today 06/11/2018
Today, the players of the euro in tandem with the greenback, traders forex with no yield important statistics should not expect calm trading. Tomorrow all investors' attention will be focused on US statistics on inflation in May. Participants eagerly waiting for the market data, as they come before the meeting of the Fed. It looks FOMC inflation guide when decides on interest rate changes. In my opinion, today traders will refrain from active trading, and tomorrow we will see a surge in volatility in the market.
EUR / USD recommendation: flat 1,1730-1,1830.
pair pound dollar forecast GBP / USD today 06/11/2018
Data on industrial production in Britain today may come at the level of the median forecasts, as leading indicators in the face of the manufacturing PMI index and capacity utilization indicate a slight decline in the rate of growth in output. On the debt market yields declined slightly British 10-year bonds to US and German counterparts. These factors today may affect the depreciation of the British.
GBP / USD recommendation: Sell 1,3420 / 1,3440 and take profit 1,3380.
Forex pair dollar yen forecast USD / JPY today 11/06/2018
Players on the pair USD / JPY today in trading worth waiting for growth, against the backdrop of positive on the credit market, where the yield differential of US and Japanese 10-year bonds demonstrates growth against the backdrop of negativity from Japan, where GDP fell for the first time over the past two years (-0 , 2%). In America, the GDP growth was 2.2% in the first quarter. Such a multidirectional dynamics facilitates the flow of capital into US assets. Strong growth today players on USD / JPY should not count, as the G-7 summit D.Tramp did not agree with their European colleagues and ignored their requests to abolish tariffs on steel. Investors in the stock markets cautious trading today on the eve of the US-North Korea summit, which will be held tomorrow. Since the pair USD / JPY has a strong correlation with stock indices,
USD / JPY recommendation: Buy 109,45 / 109,20 and take profit 109,84.
Company analyst FreshForex