Events traders today:
17:00 MSK. USA: Sales of housing in the secondary market in June (the previous value of -0.4% m / m forecast 0.2% m / m).
Course # eur usd forex forecast pair # EUR / USD today 07/23/2018
In the forex trading on Friday, the euro has shown the highest growth rate over the past three weeks. Today, the players of # EUR / USD cnjbn; lfnm continuation of the upward trend for two reasons.
First, the growth yield spread of German and US 10-year bonds on the bond market, it is positive for the currency of the Old World. His contribution to this dynamic made D.Tramp that at the end of last week criticized the nines Fed.
Second, there is a strong demand for gold, which is also positive for the euro, due to the correlation of the two instruments. By the closing of the European session we can expect downward correction against the background of positive data release on home sales in the secondary market in the US in June. It is likely yield better report the consensus forecast on a background of growth in June, the volume of mortgage lending at 2.48% - it is through mortgage lion's share of real estate acquired in the United States. Realtors in the United States advise their clients to buy houses now, because September 26 the Fed will raise the rate to 0.25%, which will lead to more expensive mortgages.
# EUR / USD recommendation: Buy 1,1717 / 1,1690 and take profit 1,1765.
Pound dollar forex forecast pair # GBP / USD today 07/23/2018
Swing in the GBP / USD pair continues. Investment banks in the beginning of last week, the pound was buried after the weak statistics on inflation, and now talk about the growth of the British currency. Last Friday, the pound showed the strongest growth among the major currencies, and the intraday growth rate was the highest in the last month. Investors buy sterling against the background of positive dynamics in the credit market, where the yield on 10-year UK government bonds is increasing in relation to their counterparts in the US and Germany. Today traders of GBP / USD cnjbn; lfnm, continuing the positive trend in the bond market that embolden "bulls" at capacity "Long" on the pound.
# GBP / USD recommendation: Buy 1,3120 / 1,3100 and take profit 1,3070.
Dollar yen forecast # USD / JPY today 23/07/2018
# USD / JPY - traders are two reasons to buy.
First, the US stock market today may show good growth, with a positive impact on the pair, in view of the strong correlation of S & P500 and USD / JPY. US corporations continue to post positive financial results for the second quarter, which will have a market share strong backing.
Second, the yield differential of 10-year-old American and yaponskihobligatsy shows growth that embolden "bulls" for opening long positions.
# USD / JPY recommendation: Buy 111,00 / 110,80 and take profit 111,54.
Company analyst FreshForex