Eur usd forex analyst and forecast EURUSD today 01/28/2019
Players forex pair EURUSD today waiting for the market as positive and negative news. Good news from the commodity market, where there is an upward trend, it is positive for the euro, the currency has historically traded in the same direction as gold, copper and energy. The new week of raw materials market may demonstrate high volatility against the background of political instability in Venezuela. If a country unleash a civil war, hydrocarbon production will drop even more, which will provoke a rise in oil prices. What is negative for EURUSD? This is debt market, where the yield of the German 10-year bond falls to American and English papers.
EURUSD recommendation: flat 1.1370-1.1460.
Pound Dollar analyst and GBPUSD forecast for today 28/01/2019
Currency Albion is growing rapidly since the beginning of the month, showing a steady upward trend, and continued it while in power. The British now there are two reasons for the growth of quotations.
First, growth of profitability in the credit market for 10-year-old English papers to the German and American counterparts.
The second reason for the growth of the sterling, the upward trend in the oil market, which will support the quotes British, against the background of a strong correlation GBPUSD and BRENT. At the end of the last trading week released statistics from China, where Beijing has reported an increase in oil imports in December by 29.9%! Own company Sinopec recorded a decrease in production volume by 1.8% in the past year. Talk about the fact that China will consume less oil on the background of the fall of the economy, were unfounded. For the oil market is a positive signal!
GBPUSD recommendation: Buy 1.3190 / 1.3170, and take profit 1.3248
Dollar Yen analyst and USDJPY forecast for today 28/01/2019
The USDJPY is aimed at the growth rate to the level of 110.60 and it is the base. It should be noted the reasons for the likely growth associated with the Middle Kingdom. First, the National Bank of China at the end of last week, provided banks with additional liquidity in the amount of 250 billion. Yuan (37 billion. US dollars). The Chinese central bank earlier this year to actively stimulate the banking system - the stock markets always grow at such news. Second, Beijing announced an increase in wheat imports by 20.2% in December 2018. Let me remind you, before the winter wheat imports fell month for several months. Why is this so important? Beijing buys a lot of wheat in the United States. Large volumes of purchases in December, signaling that trade negotiations in Washington on 30-31 January, China and the US will be able to reach a compromise. For equity markets, this is a positive signal!
USDJPY recommendation: Buy 109.45 / 109.25 and take profit 110.60