The euro dollar pair EURUSD forecast for today 18.01.20 18
Forex traders on EURUSD today awaits a positive background. First, America still can not accept the state budget due to political infighting that annoys investors, and they try to avoid dollar purchases. Second, the yield spread of 10-year German and US securities demonstrates, though moderate, but still growth, it will support the euro. Third, the upward trend in the market of black gold have a positive impact on the value of the single currency, because there is a strong relationship EURUSD market and BRENT. Oil rises in price after OPEC's monthly report, the cartel which has reported on production cuts in December at 751 th. Barrels. / Day. And it is up to the OPEC agreement + !! Investors should wait for the growth of oil prices in the region of 63.30 BRENT grade in the short term.
EURUSD recommendation: Buy 1.1381 / 1.1365 and t ake profit 1.1460.
12:30 MSK. United Kingdom: The retail volume, taking into account the cost of fuel for December.
The pound dollar pair GBPUSD forecast for today 01/18/2019
Investors forgotten by Brexit and started actively buying sterling. The last trading day of the week can finish on a positive note, the credit market is experiencing a rise in yields on 10-year English to German and American securities, it will support the Kingdom currency. Oil also support the British as between GBPUSD and BRENT observed a direct correlation. On Thursday evening, OPEC has reported a decrease in reserves of black gold in the OECD countries by 0.7 million. Barrels / day, and also announced an increase in demand in 2019 in the amount of 1.29 million. Bbl. / Day. For the oil market is a positive signal!
GBPUSD recommendation: Buy 1.2964 / 1.29 45 and take profit 1.3035
Dollar yen USDJPY forecast for today 18/01/2019
The five largest US banks 100 billion. Dollars earned in 2018., Which is a historical high for the stock market. On this positive note, the S & P500 broad market continued its triumphant march on Thursday and ended the day on a high in the last four weeks of trading! Journalists in time to just talk about the crisis, the beginning of the recession, and so on. In fact, we see that corporate profits bet records. Agree this can not happen in a crisis. For USDJPY couple a signal to the development of the rising trend, as it has a close correlation with the S & P500 index, which is aimed at the growth region 2667.
USDJPY recommendation: Buy 109.30 / 109 .05 and take profit 109.90.