15:30 MSK. US: Consumer Price Index for June.
EUR \ USD Forex EURUSD forecast for today 11/07/2019
The main event of the day the publication of data on inflation in the US in June. Reducing the cost of energy, coupled with a fall in import prices, it points to the output data within the median forecasts. CPI decline to a level of 1.6% will cause a new wave of sales of the US dollar. In the debt market, the yield spread of 10-year German government bonds / US shows growth that will support the euro. Additional support for the euro will have a bullish trend in the market of gold and oil, to which the European single currency has a strong correlation.
EUR / USD recommendation: Buy 1.1240 / 1.1220, and take profit 1.1284
Pound \ usd forex forecast pair GBPUSD today 07/11/2019
Investors are beginning to take profits on short positions in the British currency, which contributes to the growth of quotations pound. D. Powell, speaking to Congress semi-annual report on the state of the US economy the Fed announced its readiness to cut interest rates in order to maintain a steady trend in inflation expectations. Powell reminded the Congressmen about the "Japanese problem", when the Central Bank hesitated to lower interest rates in 90 years, that eventually led to the down and out of deflation. Bullish rally in the oil market have a positive impact on the value of the pound, as the GBPUSD and BRENT have a strong correlation. Oil rises in price against the background of the rapid decline of hydrocarbon reserves in American stores. OPEC deal + operates at 100%!
GBP / USD recommendation: Buy 1.2499 / 1.2475, and take profit 1.2555
Dollar \ yen forex forecast pair USDJPY today 11/07/2019
At present, formed a mixed background. On the one hand, it is possible to expect reduction of quotations on the background of the negative dynamics of the credit market, where the yield differential of 10-year US / Japan government bonds demonstrates decline. This is primarily due to a strong fall in US bond yields as the Fed gave the markets a clear allusion to the decline in interest rates on 31 July. On the other hand, it is possible to expect growth of quotations on the background of positive dynamics of the US stock market, with the USDJPY which has a direct correlation. In their environment highs updated indexes S & P500, NASDAQ Composite, Dow 30.
USD / JPY recommendation: flat 107.88 -108.75