The euro dollar forex forecast pair EUR / USD today 08/14/2018
The situation in Turkey has stabilized and investors close "shorts" on the euro. The Turkish central bank to support the market with additional liquidity, and some politicians talk about the need for the release from detention of Pastor Andrew Brunson. It is because of this pastor J. Trump went on the aggravation of the situation with Turkey and has imposed sanctions against the Turkish establishment.
Eurocurrency may help oil market - investors continue to build long positions on the background of the geopolitical instability in the Middle East. On the eve of the Iranian military have reported the successful testing of a new generation of ballistic missile Fateh. The US military has detected the test of a new missile during large-scale naval exercises that Iran has conducted in the Strait of Hormuz. More than fifty vessels while engaged in working off closures through the strait, through which comes to the market of about 18 million barrels of oil per day. Thus, Tehran has shown its determination in the matter of overlapping of the Strait of Hormuz. For the euro is a positive signal, since the single currency and oil are traded in the same direction.
EURUSD recommendation: Buy 1,1400 / 1,1370 and take profit 1,1462.
Events traders pound today:
11:30 MSK. United Kingdom: Unemployment rate for June (the previous value of 4.2%, forecast 4.2%).
Pound dollar forex forecast pair GBP / USD today 08/14/2018
Currency Albion today in forex trading will try to gain a foothold above $ 1.2800. The players on the Briton has two factors for the growth of the British.
First, positive on the credit market, growth of profitability of British 10-year bonds to US and German securities. This factor may force market participants to shift from euros to the pound against the background of geopolitical risks in Turkey. The Bank of England earlier this month raised interest rates by 0.25% and the pound now looks more attractive for investment.
Second, oil can also support the sterling, as between the GBP / USD and Brent traditionally observed a direct correlation. Black Gold is now two wins back important news. The first - a decline in production in Iran to a minimum for the last four months, as buyers from Japan, South Korea and India have already begun to cancel orders. Second - Total employees can continue the strike if the company does not fulfill their demands. Sea Brent today may test the level of 73.70, which is positive for the pound.
GBPUSD recommendation: Buy 1,2752 / 1,2730 and take profit 1,2810.
Forex rate forecast for the dollar yen pair USD / JPY today 08/14/2018
Rebounding demand for risky assets, it is a signal about the development of the upward trend for the day. Investors are actively buying shares on the Asian markets - the leaders of growth Nikkei 225 Index and Taiwan Weighted. Panic sell-off in emerging markets finished and now we will see upward correction in the markets in Turkey and Russia. Since the Japanese yen is widely used in carry trade operations, the bullish trend in equity markets will support the pair USD / JPY. Debt market also confirms the positive trend - the US and Japan, the spread of government bonds demonstrates growth.
USDJPY recommendation: Buy 110,70 / 110,45 and take profit 111,28
Company analyst FreshForex