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Main » 2018 » December » 10 » Forex forecast and recommendations today 10.12.2018: EUR / USD - the reasons for the growth, GBP / USD - uncertainty
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Forex forecast and recommendations today 10.12.2018: EUR / USD - the reasons for the growth, GBP / USD - uncertainty

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The euro dollar forex EURUSD forecast for today 12/10/2018
 

EURUSD course on forexthe last two trading days shows growth, and likely the beginning of the week the upward trend will continue. One of the reasons for the growth rate EURUSD - this is a strong report on China's trade surplus in November.Net exports grew by 11.2%, the highest growth rate in the past nine months. When the Celestial publish positive reports, the euro shows growth. Do not leave without attention and report on the labor market in the US in November. An indicator of non-farm payrolls came out worse than expected, and the median data for the previous month were also revised in a negative direction. Poor Non-Farm is not so bad, much greater importance is the level of unemployment growth U6 form 0.2%.


EURUSD recommendation: Buy 1.1415 / 1.1395, and take profit 1.1465.

 

 

 

 

 

 

 

Pound dollar forex forecast pair GBPUSD today 12/10/2018
 

The pair GBPUSD forex traders now waiting for a mixed background. On the one hand, it is necessary to wait for the weak report on industrial production in the United Kingdom in October, it could force market participants to sell the currency in Britain. Industrial PMI index in October to its lowest level since July 2016, indicating that the yield of a weak report on industrial production. However, the sterling may support the commodity market, crude oil, which has received support from the OPEC +. Furthermore, U.S. and Canada, the number of oil drilling platforms decreased by 10 and 17 units, respectively, which also indicates an increase in oil prices. Since the pair GBP / USD and Brent crude oil have a direct correlation, for the pound is a positive signal.


GBPUSD recommendation: flat 1.2710-1.2800.

 

 

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