The euro dollar forex forecast pair EUR / USD today 10/24/2018
The second day in a row in the credit market is increasing the yield on 10-year German securities for bonds of the United Kingdom and the United States - for the euro is "bullish" signal! In the second half of the session, there are data from the United States Sales of new buildings in September, where the index may disappoint investors, against the backdrop of rise in price of the mortgage. home sales in the secondary market in the United States are reduced, and today we can also expect a negative report, which will put pressure on the US currency.
EURUSD pair can support the commodity market, where there is a longer wait for demand for metals and energy. The situation in the oil market in 2019 will be very unpredictable, he said Saudi Arabia's energy minister, Khalid al-Falih is offline Future Investment Initiative. After correction in oil investors can once again begin to build up long positions, which is negative for the US dollar. Moreover, saduity may face US sanctions because on Tuesday, Turkish President Tayyip Erdogan said on Tuesday that there are clear indications that the murder of the Saudi journalist Jamal Khashoggi was planned.
EUR / USD recommendation: Buy 1,1460 / 1,1440 and take profit 1,1540.
Pound Dollar forecast pair GBP / USD today 24/10/2018
Today, for the pound formed a moderately positive background. Firstly, in the credit market yield spread of 10-Feeds UK government bonds and the US is growing, that traditionally has supported the pound. Secondly, statistics from the US housing sales in the primary market can get worse than expected median by a decline in mortgage lending because it is a mortgage real estate is the main driver of growth in developed countries. Limit the growth of the pound would be uncertainty about the London agreement and Brussels regarding Brexit. T. Mae has not yet announced the progress in the negotiations, although the rumors on this subject were at the beginning of the week.
GBP / USD recommendation: Buy 1,2970 / 1,2950 and take profit 1,3030.
Dollar against the yen forecast pair USD / JPY today 10/24/2018
Asian stock markets are now showing rapid growth, after a decline of quotations on Tuesday. Some media are actively promoting the theme of the crisis, but they are almost always wrong, and this means that the crisis is far from. The crisis in the markets always begins with a sharp increase in yield of the US 10-year government bonds, as these paper most popular financial instrument in the world. The yield on securities increased in recent months, but not so much that it was possible to draw a conclusion about the start of the crisis. Typically, the yield increases to 5%, and after approximately 6 months of starting a recession in the world economy. The current rate of return is 3.16%. It is worth noting that the level of 3.7% was in the beginning of 2011 and then the equity markets, after a small correction again continued to grow.
USD / JPY recommendation: Buy 112,45 / 112,25 and take profit 113,10.