The euro dollar forex trading forecast for EURUSD today 03/22/2019
Debt market indicates a continued upward trend in the euro. The yield spread on 10-year German government bonds / US shows strong growth, after the US Federal Reserve meeting. Such dynamics are primarily caused by the drop in profitability of US Treasury securities. Of important macroeconomic statistics should highlight today the publication of data on the PMI index of the industrial sector in Germany. This report can be a pleasant surprise on the background growth of production orders. German business can also respond positively to the launch of the program LTRO from the ECB. This program will help to reduce the cost of lending, which is positive for the industry. You can not ignore the situation in the oil market, where the background of political instability almost hydrocarbon exports from Venezuela fell completely. On Thursday, the Caracas police detained one of the opposition leaders and political crisis has only intensified. J. Trump has repeatedly pointed out that the United States may tighten sanctions against the regime of H. Maduro and now the American president have a reason for imposing new sanctions. Subject Venezuela now being actively discussed the oil market participants who prefer to build the "Long". For the euro is a good sign, since the single currency has a direct correlation with the oil.
EURUSD recommendation: Buy 1.1360 / 1.1340, and take profit 1.1440
Pound Dollar GBPUSD forex forecast for today 22/03/2019
The British pound can complete the trading week on a positive note. Firstly, on the eve of the Bank of England has reported that British businesses prepared to deal with without Brexit ES Companies, in their development strategies, lay just such a scenario. It turns out that all the negativity is already included. Secondly, the report on retail sales of the United Kingdom in February pleased investors with positive data. The growth rate was 4%, compared to 1.7% a year earlier. In the first two months of the year sales in retail trade increased substantially. This is a good signal for the economy!
GBPUSD recommendation: Buy 1.3120 / 1.3095, and take profit 1.3180
Dollar yen forex forecast pair USDJPY today 03/22/2019
During the day, you can expect an uptrend to develop, since the course of trading will have a strong influence dynamics of equity markets, where investors again began to increase the "Long". Since the Fed announced the desire to buy treasury bonds from October 1, the yield on these securities has taken a beating this week. Investors recoup advance all the factors. On the market there is a basic rule: the fall in bond yields promotes the growth shares. Against this background, it is possible to expect growth of the index # SP500, which is set on the eve of a fresh five-month high. For the Japanese currency is a bad signal, as the yen is widely used by investors in the carry trade operations and demonstrates the fall with an increase in market shares.
USDJPY recommendation: Buy 110.65 / 110.40 and take profit 111.25.