The euro dollar pair EURUSD forecast for today 04/19/2019
Today, forex traders in the EUR / USD pair trade in a calm during the day. No important news in the calendar of events are planned, taking into account the Good Friday in many Western countries, investors will now refrain from active trading. The last nine trading days the main currency pair EUR / USD is trading in the market range 1.1213 -1.1333 and now can see no reason to change the trend. For the EURUSD is now formed a moderately negative background, because the United States is pleased with the positive investor releases retail sales and applications for unemployment benefits.
EURUSD recommendation: flat 1.1213 -1.1273
The pound dollar pair GBPUSD forecast for today 04/19/2019
British and European investors are now resting, against this background, the players in the Forex pair GBP / USD should not expect changes in the expected rate for the auction. Traders in the field of the psychological 1.30 level should open long positions Buy for two reasons. Firstly, the UK statistics on retail sales pleased investors. sales index rose by 6.7%, against 1.2% a year earlier. Positive dynamo caused by low unemployment (at least since 1975) and a high rate of growth of wages. Despite the uncertainty surrounding BREXIT, British consumers are increasing spending, which have a positive impact on GDP. The credit market reacted positively to this statistic: the yield on 10-year UK government bonds rose toward their counterparts from the US and Germany. Secondly, "Bullish trend" in the oil market will provide additional support to the pound, due to a direct correlation between GBPUSD and BRENT. Investors continue to buy oil on the background of geopolitical tensions in Libya and Venezuela.
GBPUSD recommendation: Buy 1.2980 / 1.2960, and take profit 1.3035
The dollar yen pair USDJPY forecast for today 19/04/2019
The course of trading will have a strong influence of the dynamics of the US stock market. Today should not expect moderate growth # SP500 index in the region in 2920 p., As investors will not rush to the opening position on the eve of Catholic Easter. Retail sales in the US rose 1.6% in March, demonstrating the highest growth rate over the past two years. All the talk about the fact that we will have a recession in the US this year, are groundless. It is impossible to ignore the index of applications for unemployment benefits - an indicator updated at least since September 1969, indicating that the active growth of the US labor market. For the US stock market is a positive signal, which has a positive impact on the cost of the USDJPY pair, in view of the direct correlation of the two instruments.
USDJPY recommendation: Buy 111.85 / 111.60 and take profit 112.20