The euro dollar forex EURUSD forecast for today 17/12/2018
For the single European currency a positive background is formed today. Firstly, in the debt market, the yield on 10-year government bonds in Germany is growing in relation to their counterparts in the US and the UK, which will provide support to the euro. Secondly, today it is possible to expect growth of oil prices, which have a positive impact on the value of the single European currency, due to the direct correlation of EUR / USD and Brent.Nefteservinaya company Baker Hughes two weeks in a row reports a reduction of the number of drilling rigs in the United States and Canada, indicating a decline in hydrocarbon production in North America. Over the last week the number of drilling in the United States and Canada fell by 4, and 7 units, respectively. How would the American oil companies are not praised their new technology, in fact, we see a different picture - a sharp fall in oil prices companies are beginning to close the drilling platform. Thirdly, according to the CFTC hedge funds are increasing buy euros, which also points to the formation of an uptrend.
EURUSD recommendation: Buy 1.1300 / 1.1280, and take profit 1.1380.
Pound dollar forex forecast pair GBPUSD today 17,12.2018
Political instability in the UK has a negative impact on the British currency. Today credit market dynamics indicates a new British currency sales: the yield on 10-year UK government bonds is reduced in relation to their counterparts in the United States and Germany, which will put strong pressure on the sterling. According to the CFTC funds two weeks in a row increasing selling the pound, which also confirms the presence of a strong downtrend. As long as T. May not be able to negotiate with Parliament regarding Brexit project, the pound will not be able to show steady growth.
GBPUSD recommendation: Sell 1.2590 / 1.2615, and take profit 1.2538.
Dollar yen forex forecast pair USDJPY today 17,12.2018
Open Buy position on a pair USDJPY based on the continuation of the uptrend. At the weekend J. Trump announced the ability to quickly conclude a trade agreement with China, because Beijing is keen to end the conflict. Trump certainly disingenuous, that the transaction is very interested in Beijing - both sides are interested in the deal, which Washington could lose more than if the agreement is not signed. China has in the presence of a positive trade and balance of payments, huge international reserves with a total debt to GDP ratio is 47%. The United States has a negative trade and balance of payments, and the debt to GDP ratio stands at 105%. In Beijing, more likely to survive in the trade war, although the economy will suffer damage strong. For global stock markets is a positive signal, since the side takes one of the major risks in 2019. Since the USD / JPY pair has a strong correlation with the equity markets, we can expect stable growth of quotations during the day. CFTC fresh report on the positions of hedge funds also confirms the upward trend - increase the funds to purchase items for the index futures on S & P500.
USDJPY recommendation: Buy 113.30 / 113.10 and take profit 114.10.