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Main » 2019 » May » 6 » Forex forecast and recommendations today 06.05.2019: EUR / USD - the reasons for the growth, GBP / USD - the flat, USD / JPY - the demand fo
Forex forecast and recommendations today 06.05.2019: EUR / USD - the reasons for the growth, GBP / USD - the flat, USD / JPY - the demand fo


The euro dollar forex forecast pair EUR / USD today 05/06/2019

Today, the players in the pair EUR / USD on the Forex currency market are two reasons to open long positions. 

First , Eurostat on Friday a surprise to investors - an indicator of inflation in April reached the level of 1.7%, the highest level in the past six months. This is positive for the currency of the Old World, as now the rumors on the new QE from the ECB, will go by the wayside. It talks about the need for redemption (QE) held back the strengthening of the euro since March 8, when the ECB announced its intention to conduct a new round of LTRO fall. At the same time, Mario Draghi announced the implementation of QE program if necessary. Inflation in Europe is growing, and the need for this program is currently not.

Second , the rate of average earnings in the United States on the results of April was 3.2%, below the expectations of investors. For greenbacks is moderately negative signal.

EUR / USD recommendation: Buy 1.1180 / 1.1160, and take profit 1.1250







Pound dollar forex forecast pair GBP / USD today 05/06/2019:

GBP / USD formed a mixed background today.

On the one hand, the forex traders in the GBP / USD pair can expect decline of the British quotations on the background of negative on the bond market, the yield falls British 10-year bonds to the German and US bonds. Market participants are frustrated by pessimistic comments of the Bank of England M. Carney, who pointed out the possibility of a strong decline in the UK economy at the end of the year, after the release of UK ES On the other hand, the growth of oil prices on the raw materials market could support the British, since there is a correlation between GBPUSD and BRENT. Oil rises in price by a decline in hydrocarbon supplies from Iran and Venezuela.

GBP / USD recommendation: flat 1.3120 -1.3200




Dollar yen forex forecast pair USD / JPY today 06/05/2019

The demand for "risk assets" will have a positive impact on share prices pair USD / JPY, since there is a direct correlation between USDJPY and # SP500. The positive employment report in the United States in April can expect to update the historical maximum for the S & P500 this week. At the beginning of the second quarter in the United States it was created 263 thousand. New jobs, and since the beginning of the year figure was 796 thousand. In the US, there is an unspoken rule that the increase in jobs for 200 thousand. Per month is a good level for the economy. So, at the end of four months, you need to create 800 thousand. Jobs, and the final figure of only 4 thousand. Below.


USD / JPY recommendation: Buy 111.00 / 110.80 and take profit 111.40




Analyst and forex forecast today FreshForex



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