The euro dollar forex forecast pair EUR / USD today 18/10/2018
Forex trader currency market today in EURUSD in the first half of trading worth waiting for reducing the euro against the negative on the bond market, where the yield of the German 10-year government bond pad flushes to the US Securities and Britain. Important news for the day is expected, so the course of trading will be determined solely by the credit market dynamics, since it has a strong influence on the currency market. On the commodities market the main instruments are traded in the "red zone", which will provide support to the US currency, as the dollar and commodities have historically traded in different directions.
EURUSD recommendation: Sell 1,15 02 / 1.1525, and take profit 1,1460.
Pound Dollar forecast pair GBP / USD today 18/10/2018
Prior to the publication of news on retail sales in the UK in September the couple will show a decrease in the background of the negative dynamics of the credit market, where the yield spread on 10-year UK government bonds and the US yesterday fell to a minimum for the last five trading days. Investors are also concerned about the statements of German Chancellor Angela Merkel, who recently stated that he sees no progress in the negotiations ES and the United Kingdom on Brexit. Then everything will depend on the statistics on retail trade - only the output data better than consensus forecast can cause a reversal of quotes up. Can we get such an outcome? It is, given the high rate of growth in household incomes. Otherwise, we can expect a new wave of sales.
GBP / USD recommendation: Flat 1.3 060 -1.3120.
Dollar yen forex forecast pair USD / JPY today 18/10/2018
Most Asian currencies are showing weakness against the US dollar and against this background, I look forward to continuing the upward trend of the pair. In the US corporate reporting season continues, where about 75% of companies are encouraging investors to positive financial results for the third quarter of this year. For a pair of USD / JPY is also a positive signal because it has a strong correlation with the S & P500 index. The US stock market, in my opinion, two weeks can update the historical maximum, because by that time many companies will report, and investors will buy stocks on positive results.
USD / JPY recommendation: Buy 112,40 / 112,20 and profi take t 112,90.