Euro Dollar forek EURUSD forecast for today 10/06/2019
The negative macroeconomic statistics from the US labor market for May points to a continuation of the upward trend in the euro. Non-Farm figure of more than two times higher than the median forecast of economists worse investment bank Wall Street, but the main thing is not even that, but the fact that the rate of growth of average earnings was 3.1%, the lowest level in four months. Investors are now waiting for the US Federal Reserve lowering interest rates in the second half of the year - a decline could range from 0.5% to 0.75%. The yield spread on 10-year German government bonds / US is now demonstrating rapid growth, which will have a good support euro. Of course, nothing can not happen, but now there are expectations of market data and expectations against the US dollar.
EUR / USD recommendation: Buy 1.1300 / 1.1280, and take profit 1.1360
Gbp usd forex forecast GBPUSD today 10/06/2019
To pound mixed background generated today. On the one hand, it is possible to expect reduction of quotations on the background of negative macroeconomic statistics from the UK industrial production. Manufacturing PMI index stood at 53.1% in April, against 53.9% a year earlier. On the other hand, the upward trend in the oil market have a positive impact on the cost of the British currency, due to the direct correlation GBPUSD and BRENT. Minister of Energy of Saudi Arabia Khalid al Falih speaking at the St. Petersburg International Economic Forum, said the willingness of OPEC + to extend the agreement on the limitation of oil production. For the oil market is a positive signal! Black Gold this week could test the 63.92 level for a variety BRENT.
GBP / USD recommendation: flat 1.2685 - 1.2765
Dollar Yen USDJPY Forex forecast for today 06/10/2019
Forex traders today for the pair USD / JPY Buy to open long positions in the last five-day minimum (107.81), based on an uptrend, following the positive dynamics of the stock markets, which the pair has a strong correlation. Investors are actively buying shares all over the world - we are seeing good demand in the US, Europe, Brazil, Turkey, Russia. This factor makes it possible to conclude that the stable trend in the stock markets. Why stock markets show growth? The whole point of the Central Bank, which reduce and ready to cut interest rates. The lower the rate, the higher the share price - is the basic rule of the market.
USD / JPY recommendation: Buy 108.45 / 108.25 and take profit 109.10
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