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Main » 2019 » July » 5 » Forex forecast and recommendations today 05.07.2019: EUR / USD - attention to the Non-Farm, GBP / USD - The roller coaster, USD / JPY - Sell
Forex forecast and recommendations today 05.07.2019: EUR / USD - attention to the Non-Farm, GBP / USD - The roller coaster, USD / JPY - Sell


Events today:

15:30 MSK. USA: Change in the number of people employed in non-agricultural sector.

EUR \ USD Forex EURUSD forecast for today 05/07/2109

Today the main event, which is waiting for traders and investors Non-Farm employment report in the US non-farm sector. Leading indicators in the ISM and ADP face signal a data output bit worse than expected median. In June, the US company did not increase production because they feared a trade war America and China. The first market reaction will be positive for the euro - investors will get rid of the dollar. Most likely, the strong growth of the euro traders should not count, there has been a negative trend for the euro currency in the debt market - the yield of the German 10-year bonds for the first time in the history of deposit fell below the ECB rate, which is 0.4%. This factor indicates that the fall in the euro area would be a reduction in interest rates, which is negative for the euro.

EUR / USD recommendation: Buy 1.1270 / 1.1250, and take profit 1.1310







Pound \ usd forex forecast GBPUSD today 05/07/2019

Today may be the "roller coaster". In the first half of trading forex Briton could test the 1.2556 low of the week against the backdrop of negative reports on the debt market, where the yield of the English 2-year bonds fell to 0.25% below the Bank of England's key rate. This is a sure signal of monetary policy easing in the Albion, which is negative for the pound. In the second half of trading can increase the sterling rate to around 1.2625 against the background of short-covering after the publication of weak data on employment in the United States.

GBP / USD recommendation: flat 1.2540 -1.2625




Dollar \ yen forex forecast pair USDJPY today 07/05/2019

The first reaction of market participants to the data on Non-Farm will likely be negative - investors will sell the US currency, as weak data will increase the likelihood of reducing the FOMC interest rate at the meetings of 31 July and 18 September. Will observe American sales as against the currencies of developed countries, and against the currencies of emerging economies. You can then expect a turn up, as weak data on employment provide a good "bullish" trend in the US stock market, with the USDJPY which has a strong correlation. The S & P500 is probably today will set a fresh historic high and test the 3010 area.

USD / JPY recommendation: Sell 108.05 / 108.20 and take profit 107.70




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