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Main » 2018 » June » 20 » Forex forecast for today and recommendations 20.06.2018: EUR / USD - volatile trading, GBP / USD - up, USD / JPY - forward growth
Forex forecast for today and recommendations 20.06.2018: EUR / USD - volatile trading, GBP / USD - up, USD / JPY - forward growth


The main event today:

17:00 MSK. USA: The volume of home sales in the secondary market in May (the previous value of -2.5% m / m forecast 2.6% m / m).

17:30 MSK. US data on crude oil inventories from the Department of Energy in June (the previous value -4.143M; -1.898M forecast).

The euro dollar forecast EUR / USD pair today 06/20/2018

Players forex for EUR / USD today worth waiting depreciation of the euro in the first half of trading. The EUR / USD may fall to around 1.1565 / 1.1540 against the background of negative on the bond market, the yield on German 10-year bonds fall to the British and US bonds. In the second half of the session the attention of market participants will draw a report on housing sales in the primary market in the US in May. Yesterday came a weak report on building permits volume, largely due to the fall of the mortgage market, and today, traders should wait for the continuation of negative trends, it is short-term Euro-currency support.

EUR / USD recommendation: Buy 1,1565 / 1,1540 and take profit 1,1630.








Pound dollar forex forecast pair GBP / USD today 20/06/2018

At auction in Europe forex traders on the GBP / USD should not expect an update Tuesday's low at (1.3149) amid falling yield spread of British and American 10-year bonds. Daley is likely market participants waiting for the growth rate of sterling, to which there are two reasons.

First, US data on sales of new buildings in May may disappoint investors by a decline in the volume of mortgage lending.

Second, the report API reduction of stocks of oil at 3.01 million. Bar. That allows to count on positive data from the US Department of Energy. For the oil market is a positive signal that will support the pound, because of the strong correlation GBP / USD and Brent. Inventories at US stores in the summer traditionally is reduced, in this period there is a rise in demand for petroleum products: gasoline, diesel fuel, jet fuel, marine fuel. Another positive factor for the oil - this statement by the Minister of Oil of Iran Bijan Zanganeh that OPEC + 22-23 June will not be able to agree to increase quotas for oil production. In this regard, investors should wait for the growth of Brent crude to 75.50.


GBP / USD recommendation: Buy 1,3149 / 1,3120 and take profit 1,3220.





Dollar yen forex forecast pair USD / JPY today 06/20/2018

On the eve of J. Trump tweeted all scared, the US president said of a possible tightening of trade barriers against China. In the evening, investors are adequately assess the situation and came to the conclusion that to introduce large-scale restrictions immediately and will not be able to lengthy negotiations with the Chinese authorities. Depreciating assets in the equity markets quickly became popular among traders. It should be noted, finished capital outflows from emerging markets is positive - Tuesday saw an increase in Brazilian and Turkish stock markets, which strengthened by 2.2% and 1.5%, respectively. This is important when there is panic in the markets, the data indexes are falling rapidly, and vice versa, when investors are positive, the data index shows high growth.

USD / JPY recommendation: Buy 110,03 / 109,75 and take profit 110,57.




Aleksandr Goryachev

Company analyst FreshForex



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