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Main » 2018 » July » 18 » Forex forecast and recommendations for today 18.07.2018: EUR / USD - the reasons for selling, GBP / USD - Sell, USD / JPY - long positions
11:18
Forex forecast and recommendations for today 18.07.2018: EUR / USD - the reasons for selling, GBP / USD - Sell, USD / JPY - long positions

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Events traders today:

15:30 MSK. USA: The volume of building permits issued in June (the previous value of -4.6% m / m forecast 2.2% m / m).


The euro dollar forecast EUR / USD at today 07/18/2018
 

Traders on the EUR / USD today are two reasons to open short positions:


First, the yield spread of German and US 10-year bonds in the credit market is reduced, it is negative for the currency of the Old World. On this trading week left positive reports from the US retail sales and industrial production, which cheered the euro sellers on the opening of the "shorts".


Second, there is a decline in the price of gold, it is the negative for the euro currency, due to the direct correlation of the two instruments. Gold is now cheaper amid rising fondovyhrynkov as investors are waiting for the acceleration of economic growth in the second and third quarter of the global economy. Trade wars are not yet strongly disturb investors.


EUR / USD recommendation: Sell 1,1648 / 1,1670 and take profit 1,1612.

 

 

 

 

Events today traders pound:

11:30 MSK. United Kingdom: CPI for June (the previous value of 2.4% y / y, forecast 2.6% y / y).

15:30 MSK. USA: The volume of building permits issued in June (the previous value of -4.6% m / m forecast 2.2% m / m).

 

Pound \ USD forecast pair GBP / USD today 18/07/2018
 

The course of trading in the GBP / USD pair will determine the two news today.


The first is a report on inflation in the UK in June, which will be closely monitored by investors, since 2 August the Bank of England will decide on interest rates. With strong growth of inflation, investors believe in the possibility of a rate hike to 0.25%, it could support the British. What will be the outcome today? On the foggy Albion like all good: the average earnings and employment is increasing, which has a positive effect on inflation. However, the fall in gasoline prices by 1.1% in June compared with May, which does not rely on the data output better than expected median. Second, the debt market is reduced profitability of British 10-year bonds to US and German bonds is negative for sterling.


GBP / USD recommendation: Sell 1,3110 / 1,3130 and take profit 1,3075.

 

 

 

The dollar yen pair forecast USD / JPY today 18/07/2018
 

US Federal Reserve Chairman Jerome Powell said Tuesday that the central bank sticks to plan for a gradual increase in interest rates. Moderate wage growth does not cause high inflation - Powell said. After these words, there has been strong growth in the US stock market, which had a positive impact on the pair USD / JPY, in view of the direct correlation of the two instruments. Today, traders in the USD / JPY pair is worth waiting for, the continuation of a positive trend, as the majority of reports of US corporations out better than expected investors. The best report published on the eve of the company Johnson & Johnson, whose shares rose 3.5%. Today, investors should pay attention to the results of Alcoa reports, IBM, Morgan Stanley. The first company is able to demonstrate the best dynamics, which will contribute to a strong increase in prices. Index S &


USD / JPY recommendation: Buy 112,90 / 112,65 and take profit 113,40.

 

 

 

 

Aleksandr Goryachev

Company analyst FreshForex

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