The euro dollar forex trading forecast for EURUSD today 02/11/2019
Today, the euro have both good and bad news. Positive factors include the high demand for the commodity market that can support the single European currency as the euro is strongly correlated with metals and energy. However, the negative trend in the bond market, where yields on 10-year government securities in Germany decreased in relation to their counterparts in the US and the UK, will put pressure on the single currency. The probability of growth of the euro and its reduction is the same today.
EURUSD recommendation: flat 1.1300-1.1380
Course funtdollar GBPUSD forex forecast for today 11/02/2019
Start a new five-day week for the pound may be held in a negative way. The EU is not going to make concessions UK - Brussels does not want to change Brexit project. Political risks are amplified, and this factor will exert strong pressure on the sterling exchange rate. Shares of British banks last week were in a strong downtrend - when the economy worsens, the banks suffer first. Today, in the midst of the European trading session, a report on UK GDP will be released in the 4th quarter, which in my opinion, can not please investors positive data, as we observed a decrease in business activity in the manufacturing and services sectors.
GBPUSD recommendation: Sell 1.2945 / 1.2965, and take profit 1.2880
dollar yen forex forecast USDJPY 11.02.2019
Open Buy position for two reasons. First, the Ministry of Commerce of China has confirmed that the next round of China-US talks will be held in Beijing on February 14-15. For stock markets is a positive signal as for the pair USD / JPY, which has a direct correlation with the S & P500 index. If the parties do not manage to reach an agreement before March 1, the deadline will be extended - it was declared in Washington. This story reminds me the situation with the Russian Rusal, when in April 2018 announced tough sanctions, then made a respite, then another one respite, then another one ... and in January 2019 the sanctions lifted. Second, the Fed Bullard sees no need for a further increase in interest rates - this is the Fed official said on Friday. It is worth noting, that Bullard is not alone in its FOMC vzglyadah- in the ranks of many supporters "not to raise" interest rates in the current year. For equity markets, this is a positive signal. Today, you can buy the index S & P500, and a pair of USDJPY.
USDJPY recommendation: Buy 109.72 / 109.55 and take profit 110.25