The euro dollar forex trading forecast for EURUSD pair to date 12/05/2018
Pair EURUSD today expect both positive and negative news on the market. Of positive Chinese PMI index rose to a maximum of 11 months in the service sector to November results - this is a good signal for the euro currency since the euro zone depends on the Chinese economy.Negative for EURUSD - this fall the yield of the German 10-year bonds to bonds from the United States and England. Now falling profitability for all major bonds, but the German fall faster. In the second half of the trading in EURUSD should not expect a flat market, US banks will not work because the output. In the United States today mourning for the deceased 41-th president J. Bush. Against the background of the low liquidity, many investors prefer to refrain from active trading, the more so on Friday is slated for release of important US labor market data.
EURUSD recommendation: flat 1,1300-1,1370.
Pound Dollar forex pair GBPUSD forecast for today 05/12/2018
The GBPUSD pair now uncertainty reigns. On the one hand, the British currency may dart away again up to the marks of 1.2800 / 1.2830 against the background of positive on the bond market, the yield on British 10-year bonds rising to the papers in Germany and America. This week came a positive report from the United Kingdom on the PMI indices that cheered investors in the debt market. On the other hand, despite all the positive things that are now seeing the sterling can not confidently consolidate above the 1.2830 level - perhaps investors fear a split in the British Parliament, which must vote on the draft Brexit 11 December.
GBPUSD recommendation: flat 1,2650-1,2750.
The dollar JPY forex pair USDJPY forecast for today 12/05/2018
Today, forex traders should buy the pair USDJPY amid falling of quotations of gold and the Swiss franc. Currency of Japan, along with gold and the Swiss franc have a strong direct correlation, as are the number of "safe" assets. Bank of Japan and Switzerland hold interest rates at a negative level, which drives investors away from the yen and the Swiss franc as traders try to buy those currencies where interest rates are high. In this regard, the yen and the franc has a strong correlation with each other, and now we see how Frank demonstrates a strong drop in prices. Yesterday's low in the pair USDCHF went on high volumes, indicating that the local extremum and market turn upward.
USDJPY recommendation: Buy 113.00 / 112.80 and take profit 113.60.
You do not know how to trade forex? Connect MQL5 trading signal and earn from 3 to 10% every month!