The main event today:
11:00 MSK. Germany: Indicator conditions of the business environment from IFO in July (previous value of 101.8; 101.6 forecast).
17:00 MSK. USA: Sales of housing in the primary market in June (the previous value of 6.7% m / m; the forecast -3.1% m / m).
17:30 MSK. US data on crude oil inventories from the Department of Energy in July (previous value 5.836M; -3.167M forecast).
The euro dollar forex forecast pair EUR / USD today 25/07/2018
Today in the forex trading for the euro currency has several pozitivnyhmomentov. The first is a good report on the IFO index in Germany in July, which will be released during trading in Europe. This indicator is closely correlated with the index PMI Composite, which is the eve showed the maximum growth over the past five months. The German economy has traditionally accelerates in the summer, today the data for mid-summer. The high growth rate of the data recorded in Markit Economics processing industry. Second, the commodity market growth will also support the euro, as the cost of raw materials quoted in US dollars. There is a demand for industrial metals and energy, oil is now trading close to a six-day high. Third, today, European Commission President Jacques Juncker will meet in Washington with D.YU Trump. The sides will discuss issues of US and ES trade war
# EUR / USD recommendation: Buy 1,167 0 / 1.1645, and take profit 1,1729.
Pound Dollar forecast pair GBP / USD today 07/25/2018
Players forex pound paired with Americans today awaits an ambiguous situation. On the one hand, it is possible devaluation of the GBP / USD to around 1.3100 against the backdrop of the credit market negative, which decreases the yield differential of British and US 10-year government bonds, it is a negative signal for the British. However, it is possible and currency growth of Albion to around 1.3190 against the background of positive on the roar of the black gold, the pair GBP / USD has a strong correlation with Brent. Today at the auctions of oil can demonstrate the rise in prices in the area of 75.40, for two reasons. First, the possible positive report from the US Department of Energy, as the API night reported a reduction of stocks in storage at 3.1 million. Barrels. Secondly, there remains tension between Iran and the United States, which is also positive for oil prices. "
#GBPUSD recommendation: flat 1.3100 - 1.3190.
Analyst Alexander Goryachev