12:30 MSK. UK PMI index for the manufacturing for November (the previous value of 51.1, forecast 51.6).
18:00 MSK. US ISM manufacturing index for November (the previous value of 57.7, forecast 57.5).
The euro dollar forex EURUSD forecast for today 12/03/2018
Inflation in the euro area at the end of November fell to a three month low - for the euro is a negative signal, as market participants were not expecting a sharp fall indicator and adjusts to increase ECB rates in the fourth quarter of 2019. The next meeting of the Central Bank of the euro area on 13 December, where M. Draghi can say that thinking about a rate increase is premature. US Federal Reserve, on the contrary, at the meeting of December 19 will raise the rate to 0.25% - the market is waiting for such a step, and estimates the probability of this outcome in 90%, according to futures on the CME exchange. The debt market is pessimistic about the euro: the yield of the German 10-year bonds falls in relation to peers in the US and the UK. On the other hand, the demand for risky assets, which is now observed at the end of a truce in the war of the United States Trade and China, some support euro.
EUR / USD recommendation: flat 1.13 10 -1.1395.
Pound dollar forex forecast pair GBPUSD today 12/03/2018
Today it will be published statistics of business activity in industry in the UK and the US. Market participants are waiting for the first indicator of growth and decline in the second. With this view we can agree, in the UK rising new orders and PMI Markit States decreased for two consecutive months, indicating a reduction in the ISM Manufacturing. To pound it, though moderate, but still positive signal. The bond market also indicates a growth of sterling: the yield of British 10-year bonds rising in relation to the German and American. The oil market has opened trading with a gap up after the negotiations between Russia and Saudi Arabia at the summit of G-20, which is also a positive factor for the pound.
GBPUSD recommendation: Buy 1.2755 / 1.2750 and t ake profit 1.2825.
Pound dollar forex forecast pair USDJPY today 03/12/2018
Meeting Trump and Xi Jinping in Argentina passed uspeshno- parties have agreed to postpone the start of a trade war for 90 days and during this period you develop a set of measures for the new trade agreements. China has decided to cede States, which is quite logical, because China needs to sell its products, and the US is a huge market. Today we are witnessing an increase in the stock markets, which is quite logical, because the positive outcome of G-20 summit is "bullish" factor for the stock. Since the pair USDJPY has a close correlation with the stock indices, then the results of her summit "big twenty" are also positive event.
USD / JPY recommendation: Buy 113.55 / 11, 3.30 , and take profit 114.15.