The euro dollar EURUSD forecast for today 29/01/2019
The upward trend in the Forex currency market the pair EUR / USD is gaining momentum! At today's auction, traders should operate only for the purchase of euros. Debt market support Euro buyers, the yield of the German 10-year bonds rising in relation to the American and British counterparts. In the market of raw materials observed strengthening of gold prices is positive for the euro, which has a direct correlation with the metal. In the euro and gold on Friday observed large amounts of the purchase - both tools showed simultaneous growth. In this regard, XAUUSD today may show growth in the 1310.
EURUSD recommendation: Buy 1.1410 / 1.1390, and take profit 1.1500
Pound Dollar GBPUSD forex forecast for today 01/29/2019
In the British Parliament today will be another vote on Brexit project. Premier T. Mae Kingdom has prepared a new exit plan from the ES, which is by 95% repeats the previous plan. Given the fact that the previous version was fiercely rejected by parliament, then there is little chance of a positive outcome in the vote. Brexit will again be postponed and for the pound is moderately positive signal. While the first reaction to a negative outcome will be negative, as in previous times. In my opinion, today we see the growth of oil prices, which will further support the pound, due to the correlation between GBPUSD and BRENT. Saudi Arabia is unhappy with the low prices of the black gold and is ready to cut oil production in February at 100 th. Barrels / day, in addition to the OPEC agreement. + Minister of Energy of Saudi Arabia Khalid al-Falih said that, that demand for oil will grow at the end of March and will continue until September - during this period, you can expect a substantial increase in oil prices. You can not ignore the political instability in Venezuela. Companies that currently operate in Venezuela or buy large shipments of Venezuelan oil, were warned the White House about the possibility of more severe sanctions.
GBPUSD recommendation: Buy 1.3100 / 1.3080, and take profit 1.3200