Events traders today:
15:30 MSK. Eurozone: ECB Press Conference
The euro dollar forecast EUR / USD pair today 26/07/2018
Today in the forex trading in EUR / USD are three reasons for the level 1.1800 test.
First, at a press conference, ECB President Mario Draghi may increase the forecast rate of inflation and the GDP of the Eurozone, it will support the currency of the Old World.
Second, the growth yield of the German 10-year bonds to the British and American securities in the debt market. This week came the positive data from the Euro zone business activity in the industry and weak reports from the US real estate market, it will be perceived by investors as a buy signal euros.
Third, the upward trend in the commodity market, is negative for the greenback, as the raw materials listed in US currency.
#EURUSD recommendation: Buy 1,1718 / 1,169 5 and take profit 1,1800.
Forex Pound Dollar exchange rate forecast pair GBP / USD today 07/26/2018
The GBP / USD pair is gaining momentum! One of the reasons the British growth - positive on the credit market, the yield spread of British and American 10-year bonds shows growth. Another reason - a high demand for oil will support the exchange rate of the Kingdom of currency, because of the strong correlation of GBP / USD and Brent. Oil rises in price after the release of data on reserves in US stores - inventories fell by a much greater amount than the market expected, which is quite natural, given the high seasonal demand. Another positive for the oil quotations- is "Iranian factor." On Wednesday, Turkish President Recep Tayyip Erdogan said that Ankara does not intend to abandon relations with Tehran, and described Iran as a "strategic partner." On the eve of the Turkish Foreign Minister Mevlut Cavusoglu said that Ankara does not intend to join the US unilateral sanctions against Iran. "We buy oil from Iran, and we get it in the right conditions. What are the other options?" - Cavusoglu said. This position is clearly not like D. Trump, and in the near future we can expect from him new attacks against Iran.
# GBP / USD recommendation: Buy 1,3190 / 1,3170 and ta ! Ke profit 1.3240.
Company analyst FreshForex