The euro dollar forex trading forecast for EURUSD today 04/04/2019
Today is not expected important macroeconomic statistics, and investors may take a wait and see attitude before the publication of labor market data. Report on Non-Farm we get tomorrow. ISM employment index in industry and the service sector in March showed a slight increase - that these indicators, market participants are used in Non-Farm forecasting. In this case, ADP agency notes the weakness of the labor market and points to the absence of strong employment growth. Taking into account all the factors we can expect the final figure within the range of 150-170 thousand. That may be a bit disappointed investors, who will close the "Long" on US currency. But it will be tomorrow, and now the market for government bonds points to flat.
EUR / USD recommendation: flat 1.1190- 1.1290
Pound Dollar GBPUSD forex forecast for today 04/04/2019
Buy a pound for two reasons. First, the bond market reacts positively to negotiate T. May and the parliamentary opposition leaders BREXIT project. The yield on 10-year government bonds is increasing in relation to their counterparts in the United States and Germany, which will provide support to the pound. Secondly, investors this week, actively buying risky assets (stocks, oil and industrial metals), which is a positive factor for the pound as the British currency has a direct correlation with these instruments.
GBP / USD recommendation: Buy 1.3135 / 1.3115, and take profit 1.3195
Dollar yen USDJPY Forex forecast for today 04/04/2019
"During my presidency, the stock market set historic records 22 times," - said Donald Trump at the congress of the Republican Party in Washington. The election program of Trump growth of the stock market has been one of the main topics. Since November 2020 J. Trump is planning to participate again in the presidential elections, he is in the remaining year and a half is necessary to ensure stable growth of the market share, to please the electorate. USDJPY since the pair has a strong correlation with the index # SP500, we can expect a continuation of the upward trend in the currency pair. Tomorrow will conclude trade negotiations, Vice-Premier Wu Yi Liu He Trump with the team and investors expect that the parties will announce the date of the summit leaders of the USA and China. # SP500 index may today or tomorrow to test the psychological level of 2900 n.
USD / JPY recommendation: Buy 111.30 / 111.10 and take profit 111.80