Eur usd forex forecast for EURUSD exchange rate for today 05/17/2019
The EUR / USD is consolidating at 1.1200. Demonstrate steady growth of quotations in the region of 1.13 hinders economic data from the Eurozone, which this week disappointed investors. We got a moderately negative data on Germany's GDP and trade balance of the euro area. Earlier this week, support for the euro has provided the gold market, where we have seen the growth of quotations above the psychological level of $ 1,300 / ounce, but this factor also offset - the precious metal is not in high demand among traders, since there is the inflow of capital in the equity markets. As an alternative to the euro can be identified Buy position on the BRENT oil - investors are actively buying oil contracts on the background of geopolitical tensions in the Middle East. Saudi Arabia accused Iran on the eve of the attack on the oil pipeline "East-West". "
EUR / USD recommendation: flat 1.1150 -1.1240
forex rate forecast Pound Dollar GBPUSD today 17/07/2019
At present, formed a mixed background. On the one hand, the British currency may continue to fall, as the political crisis in the United Kingdom led investors to sell British assets. On the other hand, we see capital inflows into emerging market currencies that traders can make today to close short positions before the weekend, which in turn will cause a technical correction upwards. Usually in the currency market of developing countries begin their first movement in relation to the dollar. Now this segment demonstrates the growth and we can expect growth of the British currency.
GBP / USD recommendation: flat 1.2770 -1.2850
Dollar Yen forex rate USDJPY forecast for today 05/17/2019
Demand for risky assets have a positive impact on the cost of the USDJPY pair. We are seeing a short-term uptrend on the equity markets, copper, oil, and in the segment of emerging market currencies. Everywhere its growth history, but the fact that all assets are showing growth that is a positive factor for the pair, as investors will increase carry trade operations through the Japanese yen. Equity markets grow on profit-taking on short positions - while you can only talk about technical correction. Oil rises in price against the background of geopolitical tensions in the Persian Gulf. Emerging market currencies rise in price against the background of capital inflows to the bond markets. Taking into account all factors until you can talk about the growth of short-term USDJPY quotes for a serious medium-term trend is no reasons.
USD / JPY recommendation: Buy 109.55 / 109.35 and take profit 110.10
Analyst and forex forecast of FreshForex