The main event today:
11:30 MSK. UK: Changing retail volume including the cost of fuel for May (the previous value of 1.4% g / g; forecast 2.4% g / g).
15:30 MSK. Eurozone: ECB Press Conference.
15:30 MSK. US: Retail Sales for May (the previous value of 0.3% m / m forecast 0.4% m / m).
The euro dollar forex forecast EUR / USD today 14/06/2018
Improving US Fed failed to provide strong support for the dollar, despite the fact that the FOMC leaders said about the possibility of a double rate hike in the second half. Initially, investors expected the FED to raise interest rate only once, at the September meeting. Why is the dollar has not grown? The answer consists of two parts. Firstly, investors are now waiting for a signal from the ECB to reduce the QE program, since a number of the leaders of the Central Bank stated about this at the beginning of the month. Second, the finance minister of Italy Giovanni Tria said Monday that the country would not withdraw from the euro zone. Investors have been waiting for both events and are now fully befall attention to these factors. It is also worth noting a moderately upward trend in gold, which is also positive for the euro, due to the direct correlation of the two instruments.
EUR / USD recommendation: Buy 1,1787 / 1,1760 and take profit 1,1853.
Pound Dollar forecast pair GBP / USD today 06/14/2018
According to the GBP / USD pair the situation is ambiguous .. On the one hand, it is possible devaluation of the British to the level of 1.3330 on the back of negative on the bond market, the yield on British 10-year bonds fall to German and American. Statistics on UK retailing today is not likely to support the sterling, as moderate growth in average earnings can not be expected to yield data better than expected median. On the other hand, the high demand for oil can reassure the "bulls" in the build-up of long positions due to Brent and GBP / USD strong correlation. US crude inventories are falling, that pushes up the quotes - this is a seasonal factor, because the summer has traditionally been an increasing demand for petroleum products.
GBP / USD recommendation: flat 1,3330-1,3440.
Dollar yen forecast pair USD / JPY 14.06.2018
In the forex trading yesterday the pair USD / JPY rose to a three-week high (110.84), followed by exchange rate fell against the backdrop of the closure of long positions. What it is: a trend reversal or correction before the new growth? It is likely, traders see a corrective pullback. US economy is showing strong growth, which accelerated this summer. US Federal Reserve on Wednesday raised its GDP forecast for the current year from 2.7% to 2.8%. For the US stock market is a positive signal-is a continuation of the upward trend in the stock market will contribute to the strengthening of the pair, in view of the strong correlation of USD / JPY and the S & P500.
USD / JPY recommendation: Buy 110,20 / 110,00 and take profit 111,75.
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