Forex Events today:
15.00 MSK. Germany: Consumer Price Index for May (the previous value of 1.6% y / y, forecast 1.9% y / y).
15.15 MSK. USA: Change in the number of employees from ADP in May (the previous value of 204K, 186K forecast).
15:30 MSK. USA: Change of GDP for the quarter in Q1 (the previous value of 2.3% q / q; forecast 2.3% q / q).
Forex euro dollar forecast EUR / USD today 05/30/2018
Political instability in the Peninsula Apeninskom tenses situation in the eurozone. Investors are in a panic sell off of Italian assets: FTSE MIB index lost 2.6% on the eve of demonstrating the strongest fall among the European indices. Worst of all feel shares of the largest Italian banks: Banco Bpm, Banca Generali, UniCredit, capitalization, per trading day, slipped more than 5.5%. Such dynamics is caused by the fear of exit of Italy from the eurozone. The yield on Italian 10-year bonds on Tuesday reached a four-year high, stopping at the level of 3.17%. Over the past two days, the yield increase was 0.8%. The market panic, and this process can now continue. In the second half of trading "oil on the fire," adds the report on US GDP for Q1. This will be the second estimate, that could get better median forecasts, as the Americans are almost always in the second report reviewing the index in the direction of growth. This is due to refinement of the statistics, which comes after the publication of the first report.
EUR / USD recommendation: Sell 1,1548 / 1,1572 and take profit 1,1503.
Forex Pound Dollar exchange rate forecast pair GBP / USD today 05/30/2018
The pair GBP / USD forex traders waiting for a mixed background. On the one hand, the possible rise in the sterling positive bond market, where the yield of British 10-year bonds rising to the German and US bonds. On the other hand, oil is adjusted downward, it is a negative for the British, because of the correlation GBP / USD and Brent. If oil showed growth, it would be possible to speak unequivocally about purchases pounds. Now it is difficult to understand which of the above two factors will have a greater impact on the course of trading?
GBP / USD recommendation: flat 1,3210-1,3310.
Forex Currency pair yen dollar forecast USD / JPY today 05/30/2018
The pair USD / JPY traders should not expect growth in the second half of trading on the background of positive macroeconomic statistics from the US. Most likely in the first quarter GDP data will come out better than the consensus forecast, it will support the quotes greenbacks. In the first quarter we came out strong reports from the United States on business activity in industry and services, and employment and construction. Such dynamics indicates GDP at 2.4%. The growth embolden "bulls" in the US stock market - the current levels for the S & P500 are attractive for the opening of the "Long".
USD / JPY recommendation: Buy 108,60 / 108,30 and take profit 109,18.
Company analyst FreshForex