18:00 MSK. US: Federal Reserve Board of Governors Chairman Jerome Powell will deliver a speech in December.
The euro dollar forex EURUSD forecast for today 26/02/2019
The main event today, the speech of the US Federal Reserve in Congress with the traditional semi-annual report. What has changed in the US economy over the past 6 months? It changed a lot! Firstly, we do not see a rapid growth in industry and services. Secondly, the increase in FED interest rates in 2018 caused a decrease in the volume of mortgage lending. Real estate is an important sector of the economy. Let me remind you that the last global crisis of 2008 was caused precisely by the problems in the US real estate. What we have in the dry residue? D. Powell now acknowledges the need to take a long pause in raising interest rates. It was a long, otherwise you can severely harm the economy. Dollar is a signal to sell, and the single European currency today can show a good upward trend.
EURUSD recommendation: Buy 1.1350 / 1.1325, and take profit 1.1425
Pound dollar forex rate GBPUSD forecast for today 02/26/2019
GBPUSD - two reasons why forex traders to open long pozichii BUY.
The first reason, today American can in currency trading showed a decline of quotations after the speech of FOMC in the Congress, as the US central bank is now no need to raise interest rates quickly.
The second reason to buy the pound, the British support can provide the raw material market, oil prices have demonstrated the eve of correction, and is once again ready to continue the upward trend. On Monday, D. Trump criticized the rise in oil prices and called on OPEC to ensure their reduction. Under this news showed a rapid drop in oil, after which investors once again started to increase long positions. It is worth noting that the American president every six months talking about the need to lower oil prices. It's his favorite political slogan! Apparently, Trump begins to actively prepare for the 2020 election campaign. Why oil this week will continue to grow and not be afraid of the words of the American president? The answer is simple: the "black gold" is a risky assets and risky assets rise in price against the background of progress in trade negotiations, the US and China.
GBPUSD recommendation: Buy 1.3110 / 1.3085, and take profit 1.3180
Dollar against the yen forex forecast pair USDJPY today 02/26/2019
Forex players in the USD / JPY pair is worth waiting for the growth rate in the first half of trading, following the world stock markets, which demonstrate rapid growth amid expectations of signing a trade agreement the United States and China. Last year, the equity markets have been spooked solo speech J. Trump to impose duties on Chinese imports. It's only been six months, and the US president, called the leader of China as a friend. That's all changed quickly and now investors rush to buy stocks that they hated at the end of 2018. In the second half of trading, traders should wait for reduction of USD / JPY on the background of sales greenbacks after the speech of the US Congress in the SDF.
Buy 110.65 / 110.45 and take profit 111.25.
Sell 111.25 / 111.50 and take profit 110.90
FreshForex analyst and forecast