The euro dollar forex trading forecast for EURUSD today 07/02/2019
US trade balance deficit amounted to 49.3 billion USD., In November. That is the best value in the past five months. The positive trend achieved primarily due to lower oil prices, as US imports a lot of oil, and black gold in this period showed a decline in prices. For the dollar, such statistics are positive in the short term, but it should be noted that this deficit reduction is a one-off - for a stable trend requires a devaluation of the US dollar. J. Trump is not the first month suggests that only a weak dollar can cause economic growth to 3% in the current year. Futures on a bet the Fed, which is traded on the stock exchange CME now indicates that the FOMC will not be this year to raise interest rates. Dollar is a strong negative signal in the long run. What of all this can be concluded? the euro is now show a slight decline.
EURUSD recommendation: Sell 1.1365 / 1.1385, and take profit 1.1335
Pound Dollar GBPUSD forex forecast for today 02/07/2019
On the agenda today, two questions. The first is closely linked with the second. In the midst of the European trading session, the Bank of England will announce its verdict on interest rate changes. The futures market on the London Stock Exchange, indicating a 10% probability of increasing the discount rate - the rate increase will not be today. In my view, the central bank reported a decline in inflation, which has been observed in the last month, and will point to the growth of geopolitical tensions due Brexit. As for the Brexit, the number of senior British officials on the eve discussed the possibility of transferring the UK release date of the ES for two months. Cabinet members offer a new date - May 24, 2019.
GBPUSD recommendation: flat 1.2900-1.3000
Dollar yen USDJPY Forex forecast for today 02/07/2019
Senior US and Chinese officials on Monday started a new round of trade negotiations, which will be the last meeting before the leaders of the USA and China. The deal is to protect US intellectual property and avoid increase of US duties on Chinese products. Celestial agree to reduce the US trade deficit and to buy more American goods. China, with a view of the substantial trade surplus, can not afford it. For the world's stock markets is a positive factor. On the eve of its financial results for 2018 published the Walt Disney Corporation, revenue and profit that exceeded market expectations.
USDJPY recommendation: Buy 109.85 / 109.65 and take profit 110.40