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Main » 2018 » September » 12 » Forex forecast and recommendations for today 12.09.2018: EUR / USD - two reasons BUY, GBP / USD - growth, USD / JPY - positive background
Forex forecast and recommendations for today 12.09.2018: EUR / USD - two reasons BUY, GBP / USD - growth, USD / JPY - positive background


The main event today:

15:30 MSK. US Producer Price Index for August (the previous value of 3.3% y / y, forecast 3.2% y / y).

17:30 MSK. US data on crude oil inventories from the Department of Energy in September (previous value -4302K; -1300K forecast).


The euro dollar forex forecast pair EUR / USD today 12/09/2018

Traders on EURUSD today - two reasons Buy.

First, statistics from the US producer price index may come worse than expected median, which is negative for the dollar. The output data point to weak ISM price index for the manufacturing and service sectors, which showed a decline in August.

The second, "bullish" trend in the oil market will support the euro, due to the direct correlation of the two instruments. Investors are now buying oil for several reasons. He plays the role of Florence hurricane in the United States, which will increase tomorrow and can block the work of a number of oil platforms in the Gulf of Mexico. The same market participants concerned about the situation in Libya, where earlier in the week had been an armed attack on the headquarters of the National Oil Corp, which resulted in two men and ten were injured, said the national oil company were killed. This event is the latest sign of instability in major oil-producing country at a time when they are looking ternative Iranian oil in the world market. You can not ignore the problems in Iraq, where in recent weeks about the oil fields are going to protest because of the lack of jobs, water and electricity, increasing concern about the impact of unrest in mining. These factors open Brent way to test the psychological level of $ 80 / barrel.


EURUSD recommendation: Bed and uy 1.1580 / 1.1560, and take profit 1,1640.







Pound \ prognostication dollar forex pair GBP / USD today 12/09/2018

Yesterday's report on the labor market in the UK is encouraging investors in the ranks. Average earnings increased by 2.9% in May-July, the highest in the last 4 months. For the market it is a pleasant surprise! High average earnings, along with rising gasoline prices, will contribute to the increase in inflation and force the Bank of England to talk about a new increase in interest rates at the beginning of 2019. Statistics from the US producer price index today are not able to please investors by strong data on lower ISM price index, which predicts good change of inflation in the US economy. For the dollar is bad news, which played into the hands of "bulls" on the pound.

GBP / USD recommendation: Buy 1,3000 / 1 2975, and take profit 1,3080.




The dollar yen pair forecast USD / JPY on 12/09/2018

For couples USDJPYsegodnya formed positive background. First, we see the growth of yield spread on 10-year US and Japanese government bonds, which has traditionally provided support for the dollar. Bank of Japan keeps the profitability of Japanese securities in the 0.1% - inhibits the growth and promises to do so before the end of this year. The yield on US Treasuries at the same time close to the level of 3%. Second, the US stock market is showing growth, which is a positive factor for the pair, in view of the direct correlation of the two instruments. On Tuesday, the index of "fear" the VIX has fallen by 5%, which also indicates a continuation of the upward trend in the stock market in the United States.


USDJPY recommendation: Buy 111,36 / 111,15 and take profit 112,00.



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