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Main » 2018 » July » 16 » Forex forecast and recommendations for today 16.07.2018: EUR / USD - Buy, GBP / USD - the reasons for buying, USD / JPY - The correlation wi
Forex forecast and recommendations for today 16.07.2018: EUR / USD - Buy, GBP / USD - the reasons for buying, USD / JPY - The correlation wi


Forex Events today:

15:30 MSK. US: Retail Sales for June (the previous value of 0.8% m / m forecast 0.4% m / m).

Forex euro dollar forecast EUR / USD pair today 16/07/2018

Today the EUR / USD in the first half of trading can demonstrate strong growth as investor concerns about slowing economic growth in China have not been confirmed. uchastiniki market expected that the second quarter GDP in China to grow by 1.6% in quarterly terms, but the final figure was at 1.8%. Eurozone economy and China have close trade ties and the growth in China is traditionally positively perceived "bulls on the euro." At the auction in the FIA ​​observed growing up in gold prices, which is also positive for the euro, due to the direct correlation of the two instruments.


EUR / USD recommendation: Buy 1 1690 / 1.1670, and take profit 1,1740.







Forex Pound Dollar exchange rate forecast pair GBP / USD today 07/16/2018

Currency Britain later times shows wonders of acrobatics - forex players can see fast and strong motion. Today, the players on the GBP / USD pair are two reasons to open long positions Buy.

First, the yield on 10-year-old British securities in the debt market to grow to US and German bonds, this is positive for the British.

Second, the quotations of oil in the green zone, it is also beneficial for the sterling, as between the GBP / USD and Brent there is a strong historical correlation. The British currency today will feel themselves perfectly not only against the dollar but also the euro.

GBP / USD recommendation: Buy 1,3227 / 1,320 and take profit 1,3274.




Forex exchange rates Dollar Yen Forecast USD / JPY today 16/07/2018

Open Buy position based on the upward trend. US stock market was the main growth driver, with which the USD / JPY pair has a strong correlation. Start the corporate reporting season in the United States was on a positive note, allowing you to rely on the growth of quotations in the pair. Earlier this week, will publish their reports banks, where you can expect good results against the background of an increase in interest and commission income. Bloomberg News on Friday interviewed economists investment banks, which significantly raised their forecasts for company profits and the US GDP for the second quarter. One can agree with this prognosis, as the ISM index in industry and services in the second quarter were on the three-year high, signaling a strong GDP growth.


USD / JPY recommendation: Buy 112,40 / 112,20 and take profit 112,92.





Aleksandr Goryachev

Company analyst FreshForex




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