Events traders today:
15:30 MSK. USA: Industrial Production May (the previous value of 0.7% m / m; forecast 0.3% m / m).
Forex euro dollar forecast EUR / USD pair today 15/06/2018
Currency pair EUR / USD in the forex trading on Thursday reached a four-week high (1.1851), and then collapsed on the background of the reluctance of the ECB's QE program to complete in September this year. Initially, investors expect that the ECB bond buying fully completed by October 1, but Mario Draghi said on 31 December. Moreover, the forecast for GDP growth for the current year was revised to 2.1% from 2.4%. As a result, at a press conference the ECB differential yields of German and US 10-year government securities updated at least ten, which increased pressure on the currency of the Old World. currency market players today are still under the impression of yesterday's meeting of the ECB in this regard, it is necessary to wait for downtrend.
EUR / USD recommendation: Sell 1,1584 / 1,1610 and take profit 1,1537.
exchange rate gbp usd forex forecast pair GBP / USD today 15/06/2018
GBP / USD today - two reasons to sell.
First, the profitability of British 10-year bonds fell to US bonds, it is negative for sterling. US industrial production statistics for May may please investors as the ISM manufacturing index in the last month of spring has demonstrated growth. That will also put pressure on the Briton.
Second, the commodity market observed decline in oil prices, this factor is negative for the UK currency, due to the correlation Brent and GBP / USD. At the auction on Thursday, the price of oil has lost 1% as investors take profits on the "Long" on the eve of the OPEC summit. +
GBP / USD recommendation: Sell 1,3270 / 1,3290 and take profit 1,3235.
pair dollar yen forecast USD / JPY today 15/06/2018
USD / JPY - traders there are two reasons for opening long positions.
First, the index of "fear" on the eve of the VIX fell by 6%, which indicates a continuation of the upward trend in the US stock market, which is positive for the pair, in view of the strong correlation of USD / JPY and the S & P500. Today there is a wait for the release of positive industrial production in the United States in May against the backdrop of ISM industrial index growth, which also embolden "bull" to open a long position in the stock market.
Second, the yield spread of US and Japanese 10-year bonds demonstrates the growth, which is also positive for the pair USD / JPY.
USD / JPY recommendation: Buy 110,50 / 110,30 and take profit 111,10.
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