The euro dollar forex trading forecast for EURUSD pair today 04/12/2018
Today EURUSD forex traders should buy for two reasons.
The first reason, the growth yield of the German 10-year bonds on the bond market to bonds from the United States and Britain, it will positively support the currency of the Old World. Strong changes in the market is not visible, but moderately positive background is observed.
The second reason why the demand observed in the segment of commodities, it will support the European currency, as the euro has a direct correlation with the industrial metals and energy. This week, investors will be focused on the summit of OPEC +, which kicks off on 6 December. Now, market participants are watching the growth of oil prices, as the cartel could announce a reduction in the black gold.
EURUSD recommendation: Buy 1.1365 / 1.1350, and take profit 1.1429.
Pound dollar forex forecast pair GBPUSD today 12/04/2018
At present, the pair GBPUSD formed a mixed background. On the one hand, the possible reduction of quotations of sterling against the background of the negative dynamics of the credit markets, where falling yields of British 10-year bonds relative to their counterparts in the US and Germany. Investors remain wary of actively buying the pound, as the British parliament a day later criticized Brexit project and personally T. Mae. The vote on this project will be only a week, and now the funds will not rush to open positions. On the other hand, the rise of oil prices may allow pound test level of 1.28. On the eve of OPEC and representatives of Canada, which is not included in the cartel announced that will reduce oil production, due to the need to reduce stocks in storage. When the stocks of raw materials in storage are falling,
GBP / USD recommendation: Buy 1.2755 / 1.2750, and take profit 1.2825.
The dollar yen pair USDJPY Forex forecast for today 12/04/2018
Published on the eve of the industrial ISM index indicates growth of US GDP in November by 4.9% - for the US economy in general and the stock market in particular, is a positive signal. The price component of ISM index fell to the lowest level since March 2017 - for the US Federal Reserve is a signal to the decline in inflation at the end of this year. Meeting of the US central bank will be held in two weeks and can be expected to allegations that the regulator in 2019 will raise rates more slowly than before. For the stock market is also a positive signal. As the USDJPY correlation with the US stock market, we can expect growth of quotations pair USDJPY. According to the CFTC funds two weeks in a row to actively sell the Japanese yen, which also points to a pair of quotes growth USDJPY.
USDJPY recommendation: Buy 113.05 / 112.85 and take profit 113.60.