The euro dollar forex trading forecast for EURUSD today 08/02/2019
Today, there are good and bad news for the euro. Let's start with the pleasant. Gold is in demand among investors, which will provide support to the euro, because of the direct correlation of the two instruments. The bad news is the negative trend of the bond market, where yields on 10-year government securities in Germany decreased in relation to their counterparts in the US and UK. Now it is difficult to understand which of the above two factors will have a strong influence on the course of trading.
EURUSD recommendation: flat 1.1300-1.1380
Pound Dollar GBPUSD forex forecast for today 02/08/2019
British Pound on Thursday ignored the negative news background. Firstly, the Bank of England lowered its GDP forecast for 2019 and 2020. GG In the current year we expect GDP growth of 1.2%, which is the minimum result for the last 10 years. In normal times, this would be enough to reduce the amount of 100 p. But everything turned out differently. Why? Again came to the fore story Brexit. T. Mae was able to convince ES a new round of negotiations on the exit of Britain from ES Thus he Brussels said that the revision of the agreement will not be with a probability of 99%. Investors too emotionally reacted to such an outcome. Anything positive in him. ES in general and Germany in particular, on the eve once again exposed his point of view, that the review of the agreement, which was reached in November 2018, will not be! On this background,
GBPUSD recommendation: Sell 1.2960 / 1.2980, and take profit 1.2905
Dollar yen USDJPY Forex forecast for today 02/08/2019
"Not yet," - said D. Trump on the question of whether the date of appointment with the Chinese leader. Media immediately focused their attention on this and many investors, speculators rushed to sell shares in the world's leading stock exchanges that are not allowed on the eve of a pair consolidate above the psychological level of 110.00, because the course of trading on the stock market has a strong influence on it. In my opinion, investors are too emotionally reacted to this statement by the American president. Nothing changed! Next week, the Chinese and the Americans will continue to trade negotiations, the results of which will have an appointment D.Trampa and Xi Jinping - it was announced on Tuesday. Negotiations have not yet begun, and the financial media began to shout that the trade deal will not. Why? Do not D. Trump preparing for the second presidential term? Did not he say something that the United States sign a lucrative trade deal that will allow the stock index S & P500 update the historical maximum? Nothing has changed, just someone going wild emotions, and we got such a reaction on a regular comment.
USDJPY recommendation: Buy 109.56 / 109.30 and take profit 110.16