Forex forecast the euro US dollar EUR / USD today 07/12/2018
Greenbacks in the currency market today can be a leader. For EUR / USD There are two reasons for the decline:
First, reduced the yield on 10-year government bonds of Germany to the British and US bonds, it often causes a decrease in quotations of the Old World currency. Today, this trend may continue after the release of the report on inflation in the US in June, where the index may show an increase of 0.1% -0.2%. Yesterday's report on the producer price index points to inflation.
Second, commodity assets are power demand is positive for the American, as the raw material is quoted in US dollars. Wednesday was the oil that she lost 5% market outsiders.
EUR / USD recommendation: Sell 1,1690 / 1,1710 and take profit 1,1660.
Pound forex rate forecast USD GBP / USD pair today 12/07/2018
currency exchange players for the pair today GBP / USD worth waiting for the depreciation of sterling, as a positive report on consumer price inflation in the US will support the dollar. Rising inflation will cause the Fed more actively to raise interest rates, which in turn will increase the investment attractiveness of the US dollar. It should be noted that the decline in the pound will not scale as well as the Central Bank of England is ready this year to raise interest rates by 0.25%. Of the major currencies the dollar will be strengthened most strongly today against the euro and yen as the ECB and Bank of Japan this year will not raise interest rates and the pound speed will be less.
GBP / USD recommendation: Sell 1,3210 / 1,3230 and take profit 1,3180.
Dollar Yen forex forecast pair USD / JPY today 07/12/2018
the pair trading USD / JPY held at five-month high, and today, traders should not expect continued growth for three reasons. First, the debt market is growing yield spread of US and Japanese 10-year government securities, which have traditionally supported the US currency. Today, this figure could show even stronger growth after the publication of data on inflation in the US at 15:30 MSK. Another reason, Asian stock markets are now showing rapid growth, the leaders of the Chinese index Shanghai Composite. USD / JPY The pair is highly correlated with the stock market and it is a positive signal! The third reason, in the west of Japan, there was a strong flood, which killed 195 people. Natural disasters have traditionally perceived negatively by investors, who sell the national currency.
USD / JPY recommendation: Buy 112,15 / 111,85 and take profit 112,61.
Company analyst FreshForex