Eur usd forex forecast for EURUSD pair on today 13/02/2019
Players on EURUSD forex worth waiting in growth in the first half of trading on the background of positive dynamics of commodity markets, where there is a good demand in the metals and energy segment. Euro historically has a direct correlation with the goods and in this regard, today we can expect the uptrend. Saudi Arabia is planning in March to produce about 9.8 million barrels of oil per day, according to Energy Minister Khalid al-Falih. The Saudis are willing to exceed the plan to reduce production in the framework of OPEC +. This is not surprising, since the Kingdom of the budget for 2019 laid down the average price of 80 $ / barrel - the Saudis will now be all the power "drive" up quotes. Within two or three days, I expect, Brent quotations growth in the region of 65.00.
Further, the course of trading will depend on the statistics of the US inflation rate for January. In my opinion, konsensuns forecast investment bankers today are too gloomy. Wall Street expects inflation decrease by 0.4% to 1.5%. I expect that the final figure will be higher than one and a half per cent, as in the United States there is a high employment and an increased rate of growth of incomes of the population, which traditionally contributes to inflation. As a result, in the US session, we can see the dollar strengthening.
EURUSD recommendation: Buy 1.1315 / 1.1290, and take profit 1.1370
Gbp usd forex forecast GBPUSD today 13/02/2019
At present, formed a mixed background. On the one hand, it is possible to expect reduction of sterling against the backdrop of negative social statistics from the UK, where the rate of inflation may disappoint investors weak data. UK economy is slowing and inflation expectations are reduced - on Thursday it warned the Bank of England. On the other hand, the upward trend in the oil market may support the pound, as between GBPUSD BRENT historically observed a direct correlation. It's hard to understand which of the two factors will have a decisive influence on the bidding?
GBPUSD recommendation: flat 1.2860-1.2950
Dollar Yen USDJPY Forex forecast for today 02/13/2019
Traders in the pair USDJPY today are two reasons to open long positions Buy. Firstly, in the credit market yield spread on 10-year US government bonds and Japan demonstrates the growth, which is a positive factor for the pair. Secondly, on the world's stock markets have been on an upward trend, which is positive for the pair, which has a close correlation with the stock indexes. Meeting US President Donald Trump and President Xi Jinping could take place in mid-March in Palm Beach - about this they say in Washington. Let me remind you that at the end of last week, the financial media scare us that the meeting would not be at all. Once again, I convinced of the falsity of the media. In emerging markets is under way to stimulate the economy, which also supports the equity markets. In January, the Chinese government announced a series of measures, aimed at supporting small and medium-sized businesses. Now Bank of India is preparing to lower interest rates for credit growth. Against this backdrop, S & P500 index today may show growth in the region in 2760.
USDJPY recommendation: Buy 110.29 / 110.13 and take profit 110.85