16:30 MSK. Eurozone: ECB Press Conference.
The euro dollar forex EURUSD forecast for today 13/12/2018
The couple EUrUSD today there are three reasons for the growth in the first half of trading forex to the ECB press conference. First, the Italian government agreed to reduce the cost of the state budget, as the European Commission has insisted. For investors, this is a positive signal, as in Rome, some heavyweight politicians in the summer called for a referendum on the exit from the Eurozone. Now these risks go in the direction. Second, increasing the yield spread of German and US 10-year bonds on the bond market, it usually supports the euro currency quotations. On Wednesday night, the US Treasury held an auction on placement of ten-year bonds, the demand exceeded supply by 2.35 times, which was the lowest level in the last 10 months. Dollar is a bad signal! The third reason, additional support to the euro will have oil quotes, which today may show an upward trend in the United States against the backdrop of decline in oil production by 100 thous. bbl. / day. What will happen after the press conference, M. Draghi?
EURUSD recommendation: Buy 1.1358 / 1.1340, and take profit 1.1410.
Pound dollar forex forecast pair GBPUSD today 12/13/2018
Pound demonstrates tumbles on news of Brexit. We get a portion of the negative, and the pound easily falls 100 points, then we have some mildly positive news and the Briton also easily goes up to 100 points. What we have in the dry residue?
The first - a vote in the British Parliament on Brexit postponed indefinitely. To pound is a risk, because uncertainty is not always like investors.
Second - T. Mae still remains at the helm of the Conservative Party. On the eve of her expressed a vote of confidence. This is a good signal for the British, since Mae may persuade his colleagues to support Brexit project. Who reigns uncertainty and better to refrain from active trading.
GBPUSD recommendation: Flat-1.2550. 1.2650.
Dollar yen forex forecast for today USDJPY 13.12.2018
Leading stock markets finished trading on Wednesday in the "green zone" that will support the "bulls" in this currency pair, as USD / JPY has a strong direct correlations with equity markets. On the eve of China announced a possible reduction in duties for imported cars - this is the first step towards the United States on the issue of settlement of trade conflicts. The Americans and the Chinese to restore beneficial cooperation in trade, because protectionism is now suffering both economies. The US trade deficit is now at the maximum for the last 10 years - this is caused by anti-record as the strengthening of the dollar, and the confrontation with Beijing. In my view, Washington and Beijing will complete a trade war in February, which will allow the US stock market to establish a fresh historic high.
USDJPY recommendation: Buy 113.40 / 113.20 and take profit 113.98.
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