The euro dollar forex trading forecast for EURUSD today 07/03/2019
Short-term dollar generated a positive background. Firstly, in the credit market yield spread on 10-year German and US government bonds decreased, indicating that the downtrend in the euro. Secondly, following the meeting of the ECB's control can lower forecasts for GDP and inflation for the current year that is pessimistic by investors. In the medium term, the euro has a chance to grow, as a report published on the eve of the US trade balance indicates a serious problem in the US economy. The deficit amounted to 621 billion. USD., Which is the highest level in the last ten years. How to cure a disease? The simplest solution - a devaluation of the dollar. J. Trump has repeatedly commented on the excessive strengthening of the dollar, which hurts the economy. In November 2020 Trump will participate in the next presidential elections and it is now necessary to correct this imbalance. In my opinion, the American president in the coming weeks will be actively put pressure on the Federal Reserve and the Treasury, that they should give the market a signal to smooth the devaluation of the dollar.
EURUSD recommendation: Sell 1.1315 / 1.1335, and take profit 1.1278
Gbp usd forex forecast GBPUSD today 07/03/2019
We sell the pound against the background of the negative dynamics of the credit market, where the yield on 10-year UK government bonds is reduced in relation to their counterparts in the US and Germany. Political uncertainty regarding Brexit led investors to sidestep British assets. Shares of the largest British banks show a "bearish" trend, confirming the negative trend. On Pound help can come only now the oil market, but it still shows that the sideways trend, although the preconditions for growth in the region BRENT 68.50 quite serious.
GBPUSD recommendation: Sell 1.3185 / 1.3200, and take profit 1.3155
Dollar Yen forek USDJPY forecast for today 07/03/2019
In the afternoon, we should expect growth of quotations on the background of positive dynamics of the stock markets. Today, the ECB may announce a series of stimulus for the European economy, which will cause a strong inflow of capital in the European stock market. Mario Draghi could today announced the expansion of TLTRO program (of the banks financing for up to four years on preferential terms). Since the Japanese yen is widely used by investors in the carry trade operations, then the pair will receive strong support from the growth of stock markets.
USDJPY recommendation: Buy 111.57 / 111.35 and take profit 112.10