The euro dollar forex trading forecast for EURUSD today 02/19/2019
On Monday, in the absence of US investors, the euro was able to show a slight increase. Today the US is working normally, and traders should wait for EURUSD accelerated uptrend. Why? There are two reasons. First, the dynamics of futures on interest rates the Fed indicates that the central bank will not be in the current year to raise rates. Dollar loses substantial support. Against this backdrop, the yield spread of 10-year German government bonds and US can demonstrate growth, which is positive for the euro. Secondly, we have seen "bull rally" in the commodity market, which is negative for the dollar, which is trading with metals and energy in different directions. It is worth noting that there is "rally" - despite the seemingly overbought oil, gold, copper - these tools continue their victorious march.
EURUSD recommendation: Buy 1.1293 / 1.1270, and take profit 1.1364
Pound Dollar GBPUSD forex forecast for today 19/02/2019
For today's trading currency of Britain could end on a positive note. In the midst of trading in Europe, there are data on the UK labor market for December, which may please the traders positive in January, the British showed strong growth in the retail segment. Retail is always strongly correlated with employment and wages, and higher sales in the retail sector can not pass on the weak labor market. You can not ignore the strong trend in the market of black gold. Oil rises in price by a decline in raw material supplies from Sadouskaya Arabia on background stop production at one of the country's largest oil fields. For pound is a positive signal, since the pair GBPUSD has a strong correlation with #BRENT. Oil today is also interesting for purchases for the purpose of 67.12.
GBPUSD recommendation: Buy 1.2905 / 1.2885, and take profit 1.2975
Dollar yen USDJPY Forex forecast for today 19/02/2019
The correlation between a pair of USDJPY, and index # SP500 is still high, which means that the course of trading today will be totally dependent on investor sentiment in the stock market. Sentiment is now being formed positive. Traders are waiting for the continuation of trade negotiations, the US and China, is now on the US side. J. Trump to take part in them will not, but in his Twitter account actively writes that very pleased with the progress of the negotiations and the parties are close to concluding a bargain. At Trump now there is no choice but to negotiate with China, otherwise a second presidential term can be forgotten. And Donald Trump does not want this. Stock index # SP500 this week could test the area of maximum 17 October 2018, which is located at the level of 2822. For the USDJPY pair, this means growth of quotations to the level of 112.20
USDJPY recommendation: Buy 110.41 / 110.20 and take profit 111.20