22.00 MSK. US: FOMC decision on the basic interest rate.
Eur usd forex forecast for EURUSD today 30/01/2019
The Fed today will leave interest rates at the same level - the likelihood of such an outcome is estimated futures markets in Chicago at 100%. All investors' attention will be riveted to the news conference J. Powell. The head of the Federal Reserve plans to hold a press conference after each meeting of the Fed, rather than through a single, as was the case before. In recent months, Powell had to find a balance between the strong US economy, where unemployment is at a 50-year low, and the growth of the risks associated with the slowdown of the world economy and trade conflicts and weak inflationary pressures.Perhaps now the head of the US central bank will indicate a slowdown in inflation and a more cautious approach to the Fed raising rates. Such rhetoric can cause the US currency sales. Another positive signal for the euro may come from the oil market, as EURUSD has a close correlation with BRENT. Venezuela's oil production has reduced a number of consecutive years, and the fact that the American oil service companies have to cease cooperation with of PDVSA, this year's production will fall even faster. For oil "bull" is a great chance to show the growth of quotations in the region of $ 65 / barrel.
EURUSD recommendation: Buy 1.1410 / 1.1390, and take profit 1.1500
Dollar yen USDJPY forecast for today 30/01/2019
Today will start a two-day trade negotiations, the US and China. whether the parties can reach a compromise? It is possible that will contribute to the growth of the pair USDJPY, which is closely correlated with the US stock index S & P500. "I am cautiously optimistic about a truce, because neither the US nor China can not afford the introduction of additional fees," - said Zhang Yansha, a researcher Analytical Center under the State Committee for Planning and Development of China. Indeed, both sides can not afford to aggressive actions, because "the stakes are" very high. United States Finance Ministry also expects progress in the trade negotiations - on the eve of the head of department said S. Mnuchin. He noted that negotiations are going in the right direction, and the Americans would like to speed up this process.
USDJPY recommendation: Buy 109.10 / 108.90 and take profit 110.00.