Events that should pay attention today:
Japan: Bank Holiday
12.00 MSK. Eurozone: The change in GDP for the 1st quarter.
The euro dollar forex EURUSD forecast for today 30/04/2019
The positive dynamics of the debt market indicates a continuation of the upward trend for the pair EURUSD. Yield spreads on 10-year government bonds of Germany / USA and Germany / UK last two trading days show growth, which will positively affect the share prices of the single European currency. In the midst of the European trading session, we get the data from Eurostat for Q1 GDP - against the backdrop of the fall in business activity in industry in Germany and France, it is difficult to expect the release of the data better than expected median. Probably, the final figure will be released at the level of consensus that is a neutral factor for the euro.
EUR / USD recommendation: Buy 1.1170 / 1.1150, and take profit 1.1220
Pound dollar forex forecast pair GBPUSD today 30/04/2019
Traders - are two reasons to buy a pair GBPUSD.
The first reason, the yield differential of British and American 10-year bonds demonstrates the growth that will positively affect the share prices of the British. This indicator does not grow due to the strength of the British economy, but on the background of disappointment of investors who expect a decline in interest rates at the meeting FOMC.
Second, investors are returning to the oil market and buy oil futures, which also have a positive impact on the cost of the British currency, due to the direct correlation GBPUSD and #BRENT. Minister of Energy of Saudi Arabia Khalid al-Falih refuted J. Trump that the Saudis are ready at any time to increase production to offset the decline in hydrocarbon supplies from Iran. Khalid al-Falih said the commitment of OPEC deal +, which is valid until July 1st.
GBP / USD recommendation: Buy 1.2915 / 1.2895, and take profit 1.2985.
Dollar yen forex forecast pair USDJPY 30.04.2019
In Japan, financial markets are closed, but we traded futures on the Nikkei 225 stock index on an electronic platform, which is updated on the eve of the five-month high, which is a positive factor for the pair. The US S & P500 index on the eve of historical highs and showing steady growth. Thus, we have a high demand for "risky assets", which is positive for the "bulls". Investors sell gold, which will also have a positive impact on the value of USDJPY, which has an inverse correlation with the precious metal.
USDJPY recommendation: Buy 111.40 / 111.20 and take profit 111.80