17:00 MSK. US: ISM composite index for the non-production sphere in May.
17:00 MSK. US data on crude oil inventories from the Energy Ministry in May.
The euro dollar forex trading forecast for EURUSD pair today 05/06/2019
Today on the currency market players in the EUR / USD pair is worth waiting for the growth of the euro area in Tuesday's 1.1276 / 1.1295 against the background of positive dynamics in the commodity market. There is a strong demand in the segment of precious and base metals that have a positive effect on the euro quotes. On the market there is a direct correlation between the euro and metals. Then probably EURUSD decline due to negative bond market, where the yield of the German 10-year bond falls to the English and American papers. Tomorrow at a meeting of the ECB euro may come under a wave of sales, as the central bank may announce new measures to stimulate the economy against a background of low inflation in the euro area.
EUR / USD recommendation: flat 1.1220 -1.1300
Pound dollar forex forecast pair GBPUSD today 05/06/2019
Today, traders in the GBP / USD pair is worth buying British GBP against the background of positive dynamics in the credit markets, the yield of British 10-year bonds rising to US and German bonds. Investors expect the second half of the year, three times the decline in interest rates in the United States - according to the futures market in Chicago, the Fed cut rates in July, October and December. Of course, the Fed can not lower interest rates three times - it's just waiting, but the market expectations and lives now this process plays against the greenback.
GBP / USD recommendation: Buy 1.2690 / 1.2670, and take profit 1.2735
Dollar yen forex forecast pair USDJPY 05.06.2019
The positive dynamics of the stock markets will have a positive impact on the quotation of the currency pair USDJPY, as the pair has a strong correlation with the equity markets. Investors are tired of a trade war the United States and China and decided to take profits on short positions in the shares, the more turned up a good reason - the US Federal Reserve may begin the process of reducing interest rates as early as next month. While you can only talk about technical correction on the stock markets - geopolitical tensions still persists after a week or two stock markets may once again fall under the wave of sales.
USD / JPY recommendation: Buy 107.98 / 107.75 and take profit 108.45