The main event today:
11:30 MSK. UK: change in volume of industrial production in August (the previous value of 0.9% g / g; forecast 1.0% g / g).
15:30 MSK. US producer price index for September (the previous value of 2.8% y / y, forecast 2.7% y / y).
The euro dollao forex forecast pair EUR / USD today 10/10/2018
Investors in the first two days of the trading week redeemed drawdown of the euro, which indicates the presence of strong buyers in the market. Today, the single currency may show a good upward trend against the background of negative macroeconomic statistics from the US producer price index for September, as ISM reports pointed to the decline of this indicator. Growth in oil prices and industrial metals also plays into the hands of "bulls" on the euro, as the growth of goods leads to a weakening of the US dollar.
EURUSD recommendation: Buy 1,1495 / 1,1470 and take profit 1,1550.
Pound Dollar forecast pair GBP / USD today 10/10/2018
On Tuesday, diplomats from ES and the United Kingdom during the negotiations on Brexit said that could find consensus and are ready to agree on a plan that will satisfy everyone. For the British pound, this news is a positive signal, because it eliminates the uncertainty regarding economic growth prospects in Albion. The credit market has reacted to this event increasing the yield on 10-year UK government bonds relative to their counterparts in the US and Germany. Another factor that may support funtu- a continuation of the upward trend in the oil market, where Brent oil in the near future will be to test the 86.60 mark, as in the Gulf of Mexico because of the weather the oil companies to evacuate staff and stop the production of hydrocarbons.
GBP / USD recommendation: Buy 1,3139 / 1,3120 and take profit 1,3190.
Dollar yen forecast pair USD / JPY today 10/10/2018
At present, formed a mixed background. On the one hand, it is possible to expect reduction of quotations on the background of the negative dynamics of the credit market, where the yield on US 10-year government bonds is reduced in relation to their counterparts from Japan. On the other hand, the fear of falling VIX index indicates growth in the US stock market, which could have a pair of strong support, since it is correlated with the S & P500 index.
USD / JPY recommendation: flat 112,80-113,50.
Analyst and forex forecast of FreshForex