14.45 MSK. USA: Publication of the ECB's decision on the basic interest rate
The euro dollar forex trading forecast for EURUSD pair today 06/06/2019
Today, all attention on EURUSD forex players will be focused on the outcome of the meeting of the ECB announcement. The Central Bank will not change interest rates today, but may announce such a move. Futures on the ECB rate indicates a high probability of a rate cut on December 12. The move caused a strong decline in inflation in the Eurozone - Consumer Price Index Core is at the level of 0.8%, with the Central Bank TARGET 2%. Mario Draghi today to note the risks of a trade war and BREXIT, and point to the need to stimulate the economy in the coming months. For EUR / USD is a negative signal, but on the contrary, a positive signal for the European stock markets.
EUR / USD recommendation: Sell 1.1260 / 1.1285, and take profit 1.1190
Pound dollar forex forecast pair GBPUSD today 06/06/2019
The GBP / USD pair today there are positive and negative. Positive for the pound, the negative statistics from the US on employment agency ADP in May in the private sector have increased the probability of a threefold decrease in the Fed rate in the second half of the year. The futures market in Chicago indicates a rate decrease in July, September and December. Such pessimism of investors will have a negative impact on the dollar. However, the delusion is not worth a pound of customers - the political uncertainty over the causes BREXIT British businesses cut investment plans. Tomorrow we need to know the name of the new British Prime Minister and the situation may have to be more specific.
GBP / USD recommendation: flat 1.2645 - 1.2735
The dollar yen pair USDJPY Forex forecast for today 06/06/2019
Bad news from the US positive for the US stock market - it sounds paradoxical, but now it is. Why? The thing in monetary policy the US Federal Reserve. The worse the news, the more likely lower interest rates in the United States. The lower the rate, the higher the value of the shares. The higher the value of the share, the higher the rate of USDJPY currency pair, which has a strong correlation with the stock markets. Yesterday, we received a negative employment report from ADP, tomorrow we get the official data from the US Department of Labor. With high probability we have the final figure for the Non-Farm would be below consensus and it is not in the US-China trade war, and that the US economy over the past five years, created a lot of jobs and now small enough available vacancies .
USD / JPY recommendation: Buy 108.05 / 107.83 and take profit 108.50
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