Events that should pay attention today:
17:00 MSK. US: ISM manufacturing index.
The euro dollar forex trading forecast for EURUSD today 01/07/2019
Positive talks Donald Trump and Xi Jinping are mixed background for the single European currency. On the one hand, today we can expect sales of gold, which may cause a decrease in value of the euro, due to the direct correlation and EURUSD XAUUSD. Investors last month are actively buying the precious metal on fears caused by the US trade war and China. Now the two warring sides declared a truce, and this will cause a correction factor for the precious metal. On the other hand, after the G-20 summit can expect capital inflows to emerging markets - investors will buy the currency, stocks and bonds in Brazil, Turkey, Russia, China, Indonesia, Mexico. In this period, the euro received good support and shows growth.
EUR / USD recommendation: flat 1.1300 - 1.1380
Pound dollar forex forecast GBPUSD today 07/01/2019
We buy a British pound, for two reasons. Firstly, the positive trade negotiations, the US and China in the G-20 summit in Tokyo will contribute to the demand for "risk assets" this week. "The US side said it will no longer introduce new duties on Chinese goods. Trade delegations of the two countries in the future to discuss more specific issues "- this is the main thesis concluded negotiations. This week we will see the growth of stock markets, oil, copper, palladium, which in turn have a positive impact on the cost of the British currency, as the pound has a correlation with the asset. Second, the debt market is observed increase of yield on 10-year UK government bonds relative to their counterparts in the United States and Germany, which will support the British pound.
GBP / USD recommendation: Buy 1.2670 / 1.2650 and tak an e profit 1.2741
Dollar Yen forex forecast USDJPY today 07/01/2019
"Both China and the US benefit from cooperation and lose in the event of a confrontation. Cooperation and dialogue is better than tension and confrontation, "- said Xi Jinping after the G-20 summit in the capital of Japan, June 29 truce in the trade war will contribute to the growth of stock markets, which have a positive impact on the cost of the USDJPY, which has a direct correlation with the indexes. Nikkei 225 and S & P500. on Thursday, July 4 in the United States will celebrate independence Day and on this background, we can expect an active trade in the first half of the week in the stock markets.
USD / JPY recommendation: Buy 108.00 / 107.80 and take profit 108.55