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Main » 2018 » June » 22 » Forex forecast and recommendations for today 22.06.2018: EUR / USD - the flat, GBP / USD - growth, the U the SD / JPY - Buy
Forex forecast and recommendations for today 22.06.2018: EUR / USD - the flat, GBP / USD - growth, the U the SD / JPY - Buy


The euro dollar forex forecast pair EUR / USD today 06/22/2018

Players in the euro against the dollar today in the first half of foreign exchange trading, it is necessary to wait for reduction on the background of the negative dynamics of the credit markets, where yields on 10-year bonds in Germany falls to the English and American papers. The main event today OPEC summit in Vienna. This summit will be "hot", as the key players in the market are the opposite initiatives. Saudi Arabia wants to increase oil production by 1 million. Bar. per day, while Iran and Venezuela speakt mind. On Wednesday and Thursday the Saudis held preliminary meetings with Qatar, the UAE, Iraq, Kuwait, trying to persuade them to increase production, and on the eve of the Minister of Energy of Saudi Arabia Khalid Al-Falih said he was able to convince his opponents. It is worth noting that the market is already "laid" in quotes increase oil production by 1 million. Bbl. / Day, since such conversations sounded more May 25 at the St. Petersburg Economic Forum. For the market it will not be a negative surprise. In my opinion, the market of black gold is now good prospects, because in the last year of hydrocarbon reserves in OECD countries fell to the average level in 5 years, what is the optimal level for producers. For example, in U.S. oil declined by 85 Mill. Bbl., To the level of 426.52 Mill. Barrels. Last year in July and August, stocks in the US fell by 45.14 million. Barrels. - this is the effect of seasonal demand for oil. That is why the administration of the White House approached with a request to OPEC to increase production - the Americans fear the strong reduction of stocks of raw materials. And this is despite the fact that journalists are afraid of us shale revolution and the sharp rise in oil shale mining. Thus, today we see the flat because the final agreement will be announced tomorrow, on the oil market, and next week the growth of quotations.

EUR / USD recommendation: Flat 1, 1580 -1.1645.





Pound Dollar forecast GBP / USD today 06/22/2018

Britain's currency today will continue to rise, which began after the Bank of England on the eve of the statements, the representatives of which more and more talk about the need to raise interest rates by 0.25%. This can occur either on August 2 or 1 November. In the morning, rising oil quotations, which is also positive for the pound because of the strong correlation of GBP / USD and Brent. OPEC summit today, few people waiting for unpleasant surprises as Iran, Iraq and Venezuela oppose the sharp increase in oil production, and to make a decision, according to the ordinance of the cartel, all parties must agree. The result is that from the 11 OPEC members do not agree with the three calls of Saudi Arabia and some radical actions today we just do not see! For oil quotations is a positive signal. We are waiting for today Brent growth in the region of 74.64.

GBP / USD recommendation: Buy 1,3250 / 1,3225 and take profit 1.3309.




Dollar yen forecast pair USD / JPY today 06/22/2018

In the markets there is a moderate demand for risky assets, it is positive for the pair USD / JPY. Investors are increasing their purchases in the Asian stock markets, oil and copper. In the debt market, the yield spread of 10-year US and Japanese government bonds shows moderate growth, which is also positive for the pair. These e va factor today can support quotations, and I expect an uptrend to develop during the day. Since today is not expected important macroeconomic statistics, the volatility during the day will be low and you can expect a moderate growth of the pair USD / JPY.


USD / JPY recommendation: Buy 109,85 / 109,60 and tak an e profit 110,25.





Aleksandr Goryachev

Company analyst FreshForex

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