The euro dollar forex forecast pair EUR / USD today 12/10/2018
Reporters shout at each corner, that the global financial crisis - falling stock markets and we expect hard times. But as land it really is? Try to understand. First, the last 5 of crises occurred after the Fed rate has been much higher inflation in the United States. Here, the key word - significantly. Now 2.125% rate (range of 2-2,25%) and inflation of 2.3%. The first conclusion - there is no crisis, but it will be when the Fed will raise the rate still at least 2 times. Secondly, in times of crisis are falling currencies of developing countries, and the day before we saw the opposite market reaction. Rose in price Russian Ruble, Turkish Lira, the Chinese yuan, the Mexican peso. In these crises, the first data exchange fall under the strong wave of sales. The second conclusion - no crisis is now not. What to do with the euro in the current conditions? Only buy! Because the published release of US inflation for September disappointed investors weak data.
EUR / USD recommendation: Buy 1,1590 / 1,1570 and ta ! Ke profit 1.1655.
Pound dollar forex forecast pair GBP / USD today 12/10/2018
Buy British currency against the background of positive dynamics in the credit markets, where yields on 10-year UK government bonds is increasing in relation to their counterparts in the US and Germany. Published on the eve of the release of US inflation showed a decline to 2.3%, which changed the differential UK inflation and the US in favor of the former. If at the end of August the British inflation has been below the US at 0.2%, it is now higher by 0.4%. Same changes are always closely monitored by investors who are buying the currency, where inflation is higher, because it leads to an increase in interest rates of the Central Bank. It is worth noting that inflation in the UK was higher inflation in the US for the first time in five months! For the market it is a strong signal and a change in trend in favor of the pound.
GBPUSD recommendation: Buy 1,3219 / 1,3195 and take profit 1,3262.
Forex dollar yen forex forecast pair USD / JPY today 12/10/2018
During the day, we should expect an uptrend, amid rising stock markets. Asian markets are now showing growth - in the lead index and Taiwan Weighted's KOSPI, which rise in price by more than 2%. The media reported the day before the beginning of the crisis and made plans for the collapse of the stock markets. In fact, we see a different reaction of the market - the markets are starting to unfold, that is full of natural, given the start of the season for corporate reporting today in the United States. Today the first report back to the banks, and with the increase in Fed interest rates, you can expect high returns from lending institutions that will boost shares. Today I expect growth in the JP Morgan shares - buying the asset with the market opens at 16.30 MSK. Since the USD / JPY pair is strongly correlated with the equity markets, but today it will receive strong support.
USD / JPY recommendation: Buy 112,25 / 112,00 and ta ! Ke profit 112.65.