The euro dollar forex forecast pair EUR / USD today 09/11/2018
EURUSD traders on now waiting for a positive background. Firstly, the yield of the German 10-year bonds rising to the British and US bonds that tradition tionally supports the euro. Secondly, it is necessary to wait for the continuation of the growth of oil prices, which is also positive for the euro currency, due to the direct correlation of EUR / USD and Brent.
Oil today may test the level of 78.50, because now there is a whole piece of positive news. In August, crude oil imports to China increased by 12% compared with the same period last year. Chinese refineries began to buy more oil after seasonal maintenance period. Journalists and economists in the last month we had been threatened a reduction in oil consumption in China - in fact we see the opposite picture. In general, this happens almost always - you need to read the media and economists, and do the opposite. It can get a good trading strategy. Worth omtetit bad weather in the US, where on Thursday is expected hurricane "Florence". He may be one of the strongest in the current year and the oil companies are evacuating workers from platforms in the Gulf of Mexico.
Can not ignore the misleading economists and the media regarding the oil market - the high prices threaten global economic growth. The price of oil has increased over the last year by 43%, but the current valuations are not excessive. Five years ago, when the market was balanced, quotations of Brent were at around $ 105 / barrel. Now the market is well balanced and inflation this level should be at around $ 113 / barrel. Thus, even the growth of quotations to 90.00 will not appear excessive. It is this level I expect at the beginning of next year, after a fall in oil production in Iran and Venezuela.
EURUSD recommendation: Buy 1,1599 / 1,1575 and profit take 1.1661 .
Pound Dollar forek forecast GBP / USD today 11/09/2018
GBPUSD - two reasons to open long positions.
First, the deficit of foreign trade in the UK declining for two consecutive months, which have not been observed in the market. Following July trade deficit of the United Kingdom decreased by 11.5%, to a level of 10 billion pounds -. It is a positive signal for the British currency!
Second, the oil will support the British, as between the GBP / USD and Brent observed a direct correlation. Market black gold is rising against the background of instability in the Middle East. In Libya erupted again focus of the Civil War - the day before the terrorists attacked the office of the state oil company. Rally held in northern Iraq, which are rich in oil. At the same time the demand for oil is growing, despite the rise in the cost of a barrel. On Monday, Europe's largest airline Air France-KLM has reported an increase in the number of passenger traffic by 2.3% y / y. Increasing ticket prices is not deterred passengers.
GBPUSD recommendation: Buy 1,3040 / 1,3020 and tak an e profit 1.3110.
Dollar yen forecast pair USD / JPY today 09/11/2018
USDJPY The course aims to test 112 pieces! Today there is a rapid growth of the Asian stock markets, this is a signal for the continuation of the upward trend on the American index S & P500. For the "bulls" is a positive signal, as the pair is strongly correlated with the US stock market. You can not ignore the growth differential yields on 10-year US and Japanese government bonds, which is also positive for the pair. Bank of Japan continues to hamper the growth of the national yield bonds, which increases the spread.
USDJPY recommendation: Buy 111,33 / 111,10 and take profit 112,00.