The euro dollar forex trading forecast for EURUSD today 02/12/2019
Fall yield spread of German and US 10-year bonds has stopped, which may indicate the end of a downtrend in the pair EURUSD. The bond market is almost always moves before the foreign exchange market. Another positive signal for the euro - is a fresh forecast Goldman Sachs, where one of the largest US banks shows an increase of the US dollar in the coming weeks. Many investors have often noticed that Goldman forecasts should be used "in reverse". For example, the penultimate forecast was made in late January and pointed to the falling dollar. In fact once again it went all the way. You can not ignore the situation in the market of black gold, where the parties to the agreement on Monday OPEC + announced the creation of the alliance. For the oil market is a positive signal that, in turn, can support the euro, which has a close correlation with Brent oil. It is impossible to ignore the news from Iran, where Hassan Rouhani said that Tehran will continue to develop missile technology. This approach is not like Europe and angered the US, so in May we will get tougher sanctions against D. Trump and his friends that the oil market will have strong support and accelerate the growth of prices.
EURUSD recommendation: Buy 1.1250 / 1.1225, and take profit 1.1310
Pound Dollar GBPUSD forex forecast for today 12/02/2019
The GBPUSD is configured to test the level of 1.2820 / 1.2790. Disastrous report Q4 GDP leaves buyers currency Albion hopes for growth. Industrial production declining for three months in a row - the last time investors have seen a negative trend in the spring of 2013. Against this backdrop, traders do not expect the Bank of England raising interest rates and some market participants expect that the regulator may increase the program of QE, because the economy will need support after the release of the UK from the ES While this is just a rumor, but rumors obviously playing against the pound. Willing to buy the British pound is now very small. Credit market confirms the negative trend: falling profitability of British 10-year bonds to US and German securities.
GBPUSD recommendation: Sell 1.2865 / 1.2890, and take profit 1.2820
Dollar yen forex forecast USDJPY today 12/02/2019
Players in a pair USDJPY today are two reasons to open long positions Buy.
First, the yield differential of US and Japanese women's 10-year securities demonstrates growth, a positive signal for the pair USDJPY.
The second, on Monday, leading stock markets finished trading rapid growth of quotations that will support the "bulls", in view of the direct correlation USDJPY and stock indices. It should be noted that the media can not calm down and continued to escalate the situation eve of trade talks in China and the US, which will be completed in Beijing on Friday, February 15th. Journalists for a year asserting that everything is bad in the world economy. Yesterday the Italian supercar manufacturer Automobili Lamborghini has reported an increase in sales in 2018 by 51%. If everything is so bad in the world economy, then who will buy expensive cars?
USDJPY recommendation: Buy 110.34 / 110.15 and take profit 110.85