11:30 MSK. UK: Industrial Production for August.
15:30 MSK. US: Consumer Price Index for September.
The euro exchange rate against the dollar forex forecast for EURUSD today 10/10/2019
Forex players in EURUSD in the first half of trading should not expect depreciation of the euro against the background of the negative dynamics of the credit market, where the yield spread of 10-year bonds in Germany / United States shows a decline, which is negative for the currency of the Old World. In the second half of trading on market participants' attention will be focused on statistics from the US inflation for September. Previously released a report on the index of producer prices, which reduce the cost of production was recorded. This figure indicates a decrease in the consumer price index, which in turn is negative for the dollar. EURUSD pair this week trading sideways 1.0940- 1.1000, and now can not see the reasons for the exit of this range.
EURUSD recommendation: flat 1.0940 -1.1000
Pound dollar forex forecast GBPUSD today 10/10/2019
There is a lot of conflicting information on the negotiations on BREXIT between London and Brussels. On the one hand, the parties can not reach a compromise. On the other hand, Brussels said that is willing to give to the British Prime Minister, Boris Johnson "last chance." Who determined the course of trading on news BREXIT. If there is any positive, then the pound will show good growth in quotations, as investors a few days "shorts" will pound and close short positions.
GBPUSD recommendation: flat 1.2200 -1.2280
Dollar yen USDJPY Forex forecast for today 10/10/2019
Investors around the world are actively buying shares that have a positive impact on the value of this currency pair, as USDJPY has a strong correlation with the equity markets. Why is this happening? The thing is the monetary policy of the Central Bank of Japan, which holds the very low interest rates on long-term level. Since the liquidity of the Japanese yen is high, the cheap loans in yen, investors used to fund carry trade operations. The index of "fear" the VIX shows a decline, which is positive for equity markets - Chinese officials said that China is ready to increase purchases of US agricultural products, and thus, ready for de-escalation of the trade conflict with Washington.
USDJPY recommendation: Buy 107.33 / 107.20 and take profit 107.80