17:00 MSK. USA: The volume of housing sales in the primary market in July (the previous value of -5.3% m / m forecast 3.0% m / m).
The euro dollar forex forecast pair EUR / USD today 08/23/2018
Minutes of the last Fed meeting brought no surprises - the central bank is still configured to gradually raise interest rates. It is worth noting that there was a reduced inflation forecast for 2018 - seems to be the monetary authorities base their assessment of the impact of a strong dollar on the consumer price index. Probably increase in the dollar, which is observed the last five months, the fall will lead to lower inflation in the US and higher inflation in the euro area. For the euro it will be a positive signal. Upward trend of the euro is now gaining momentum. The yield on German 10-year bonds has been growing rapidly in the US and British bonds, which has a strong support for the euro. Oil this week shows rapid growth, which also pushes up the euro quotes, because of the direct correlation of the two instruments. Secondly,
EURUSD recommendation: Buy 1,1550 / 1,1520 and take profit 1,1610.
Pound Dollar forecast pair GBP / USD today 08/23/2018
Greenback weakens not only the euro, but also to the sterling. Traders in the GBPUSD pair are two reasons to wait for British growth.
First, statistics from the UK and the US goes in different directions. If the British have pleased investors strong data on the state balance, the States on the other hand, disappointed traders weak real estate sales data. So in July, home sales in the secondary market in the US declined by 1.83% y / y - sales are down for five months in a row! This is primarily due to an increase in interest rates on the mortgage. Rates rise on higher Fed rates. So J. Trump knowingly criticized FOMC action this week. Today is also necessary to wait for the weak data on new buildings in the US sales, which will further increase the pressure on the dollar.
Second, higher oil prices supported the UK currency. Sea Brent updated three-week high against the background of reduction of stocks in US warehouses, as well as market expectations of disruptions in oil supplies from the Persian Gulf this winter. Iran and the United States exacerbated that can strengthen the geopolitical tensions in the Middle East. "Iran's economy is suffering from high unemployment and inflation, and the national currency lost half its value since April. The imposition of sanctions would only worsen the situation, "- said Wednesday the president of the United States National Security Advisor, John Bolton. Mokhovikov US sanctions spun 7 November and then will be very interested in the oil market.
GBP / USD recommendation: Buy 1,2860 / 1,2830 and take profit 1,2930.
The dollar yen pair forecast USD / JPY today 23/08/2018
USDJPY The pair formed a sideways trend today. Who can not see the high demand for risky assets, which could support the upward trend in the currency pair. After rapid growth in the first half of the week we are seeing a correction of the industrial metals, energy and equity markets. For USD / JPY is a negative signal, which can send the quotes down to 110.50. On the other hand, investors are waiting for information on US trade talks and China, which will start tonight and any positive comments again will cause a strong growth in "risky assets". Can there be such comments? With 100% probability it is impossible to talk about it, but the chances are high, since many American business representatives stated that a trade war with China, it is not profitable. D. Trump, former businessman and the situation is well aware. Celestial to aggravate just not profitable, as this may cause a strong outflow of capital from the country. It turns out that everything is beneficial to reach a consensus. Against this background, in the evening I expect the continuation of the upward trend in the currency pair.
USD / JPY recommendation: flat 110,10-111,10.