Events for today:
15:30 MSK. US: Consumer price index for September (the previous value of 2.7% y / y, forecast 2.4% y / y).
The euro dollar forex forecast pair EUR / USD today 11/10/2018
The main event of the day will be the publication of data on inflation in the US in September. On the eve of went weak report on producer price index, where the decline of 0.2% was recorded, to the level of 2.6%. The data came below expectations of investors and signal the fact that today we do not see a positive report. Blame the strengthening US dollar, which keeps prices down. Also plays a role and policy of the Fed raising interest rates, because the process curb inflation. Today, the yield spread of 10-year German government bonds and the US shows a strong growth that will support the euro. For the US dollar is a bad signal!
EUR / USD recommendation: Buy 1,1540 / 1, 1520 , and take profit 1,1595
Pound dollar forex forecast pair GBP / USD today 11/10/2018
GBPUSD traders on the pair today is full of positives for the British. First, this week released positive statistics from the UK, and the negative of the States. Therefore, buyers pounds have good advantage. Second, the continued growth of oil prices, after last correction sterling support, due to strong direct correlation GBP / USD and Brent. Rising oil prices provide news from the US. Firstly, the hurricane "Michael" has already helped to reduce oil production by about 671,000 barrels per day, representing about 6% of the total production in the United States. Hurricane assigned to the fourth category. Second, the US State Department said on Wednesday that Iran is using oil revenues to finance the hybrid wars and terrorism, and the need to stop the process until it has brought a lot of victims.
GBP / USD recommendation: Buy 1,3208 / 1,3180 and take profit 1,3250.
Dollar against the yen pair forecast USD / JPY today 11/10/2018
At present, formed a mixed background. On the one hand, it is possible to expect reduction of quotations on the background of the negative dynamics of the credit markets, where yields on US 10-year government bonds is reduced in relation to their counterparts from Japan. The yield on US securities, after a sharp rise last week, is now demonstrating a decrease. On the other hand, in the global equity markets went correction, and quite strong and the current levels are attractive for open positions, especially that tomorrow in the US corporate reporting season kicks off. The growth of the stock markets has traditionally provided support for the pair USD / JPY.
USD / JPY recommendation: flat 112 00 -112.50.
FRESHFOREX analyst and forecast