The euro dollar forex trading forecast for EURUSD today 03/14/2019
Euro creates a positive background, however, thanks to the strength of the European economy, but at the expense of weak statistics from the United States. US Federal Reserve in 2018 as raised high interest rates that many sectors of the economy were not ready for this. This is evident from the reports of wholesale and retail trade, real estate and car sales. Today in the afternoon, we will get a fresh report on new home sales in the US in January. Since the mortgage went up, we can expect release of weak data, which will allow the euro to demonstrate short-term growth of quotations. It is impossible to ignore the dynamics of the commodity market, where there is growth in the segment of industrial metals and energy - for the euro is also a positive sign, as the single currency has a direct correlation with gold, copper, oil.
EURUSD recommendation: Buy 1.1305 / 1.1285, and take profit 1.1360
Pound Dollar GBPUSD forex forecast for today 14/03/2019
Today, the pair GBP / USD traders will find a lot of different factors. Let's start with the good. The yield on 10-year UK government bonds is increasing in relation to their counterparts in the United States and Germany, which indicates the development of an uptrend. Bullish rally in the oil market can also provide additional support to the pound, because of the direct correlation GBPUSD and BRENT. Oil expensive against falling in U.S. extraction at 100 thousand. Bbl. / Day. To bad factor should include a negative outlook to the UK Treasury on the growth of GDP in 2019 - an indicator dropped by 0.4%, to a level of 1.2%. This can cause investors to take positions on the pound, which may cause pullback down.
GBPUSD recommendation: flat 1.3180- 1.3280
Dollar yen USDJPY Forex forecast for today 14/03/2019
The pair USD / JPY in the last few days a lot of paradoxes. On the one hand, the weak macroeconomic statistics from the US led investors to open a Sell position. On the other hand, the bad news are supporting the US stock market, as the FOMC in this case will not raise interest rates this year. It is at this outcome is now indicates the futures market in Chicago, which does not rule out lowering rates even at the December meeting. Since USDJPY and S & P500 have a direct correlation, the growth of the stock market led investors to buy the pair. What to do in this case? On the decline of quotations is necessary to open long positions Buy.
USDJPY recommendation: Buy 111.45 / 111.25 and take profit 112.05