Forex forecast on December 29, 2017
Forex euro dollar forecast EUR / USD on 29/12/2017
Investors - Buy two reasons for EUR / USD.
First, the yield on German 10-year bonds on the bond market shows growth to American and English papers, it is positive for the euro.
Second, the commodity market is maintained upward trend, which will put pressure on the dollar, as the raw materials and the US currency traded in different directions. commodity market leaders are still the gold and oil. On the eve of the United States have reported a reduction of stocks and reducing the level of black gold. For the oil market is a positive signal. Now Brent oil is trading at the highest level in two and a half years and the uptrend is gaining momentum - expect growth to 67.00.
EUR / USD recommendation 29/12/2017: Buy 1,1940 / 1,1920 and take profit 1,1970.
Forex Pound Dollar exchange rate forecast GBP / USD today 29/12/2017
Today, for the British in the forex market, the situation is ambiguous. On the one hand, the possible reduction in the sterling exchange rate against the background of 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, which is a negative factor for the pound. On the other hand, the upward trend in the commodity market will put pressure on the US currency. Given the fact that today is the last trading day of the year and ahead of a long weekend, we can expect lower trading activity and development of the side trend in the market.
GBP / USD recommendation 29.12.2017: flat 1,342 0 -1.3480.
Dollar yen forecast USD / JPY 29.12.2017
Today during trading forex players for USD / JPY is worth waiting moderate Nogo growth of quotations. At the world's leading stock markets remain optimistic that a positive factor for the "bulls", as USD / JPY pair has a strong correlation with the equity markets. Now in the US stock market caused by the low activity of the Christmas holidays, but next week we can see new records in the S & P500 since the coming week will be rich in important macroeconomic statistics. In this regard, the strong growth of the USD / JPY can be expected in the new marketing year, and now the growth may be limited to a maximum of the Asian session testing (112.96).
USD / JPY recommendation 29.12.2017: Buy 112,70 / 112,50 and take profit 112,96.
Aleksandr Goryachev
Company analyst FreshForex
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