Forex forecast on December 28, 2017
Events today:
18:00 MSK. US data on crude oil inventories from the Department of Energy in December (previous value -6495K; -3900K forecast).
Forex euro dollar forecast EUR / USD at today 12/28/2017
Today, in the first half of trading on the forex euro dollar could demonstrate the growth in the area 1.1935 / 1.1950 for two reasons.
First, the credit markets the yield on 10-year government bonds in Germany is growing in relation to their counterparts in the United States and Great Britain, which is a positive factor for the euro.
Second, the commodity market is the growth of gold and oil, which will also provide support for the euro, since there is a strong correlation between the instruments. Brent crude oil today may test the level of $ 67 / barrel, as the market is waiting for positive statistics on reserves of black gold in the United States. API has reported early in the morning to reduce the reserves of 6 million. Bar.
EUR / USD recommendation 28.12.2017: Buy 1,1905 / 1,1880 and take profit 1,1935.
Forex Pound Dollar exchange rate forecast GBP / USD today 12/28/2017
At auction in Europe, players should not expect sales Briton. All the matter in the negative dynamics of the debt market. The yield on 10-year UK government bonds is reduced in relation to their counterparts in the United States and Germany. Moreover, the spread of UK / US fell to the lowest level in seven months. This factor will exert strong pressure on the value of the pound. In the midst of the US trading session, we can expect an upward correction, as the aid will pound the oil market. As noted earlier, tonight we can expect the release of positive statistics from the United States, which will support the pound, because of the strong correlation GBP / USD and Brent.
GBP / USD recommendation 28.12.2017: Sell 1,3420 / 1,3440 and take profit 1,3380.
Forex dollar yen forecast USD / JPY today 28/12/2017
At present, formed a mixed background. On the one hand, it is necessary to wait for the depreciation of the USD / JPY on the background of the negative dynamics of the debt market. The differential return of 10-year US and Japanese bonds is reduced, which will have a negative impact on the dollar. On the other hand, the positive dynamics of stock markets may contribute to increasing long positions by investors using the carry trade. Asian markets are now traded in the green zone, and US President J. Trump said on the eve of the new record for the US stock market in 2018.
USD / JPY recommendation 12.28.2017: flat 112,80-113,30.
Aleksandr Goryachev
Company analyst FreshForex
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