The euro dollar forex forecast pair EUR / USD today 21/08/2018
US President continues its activity in the financial markets as the main newsmaker. Trump switched off topic sanctions against Iran, Russia, North Korea, Venezuela, on the exchange rate. Note, the American president is stable, quarterly, criticized the Fed's actions. Here and this time for "hat" was the head of the Central Bank of D. Powell - Trump said he was disappointed the actions of the Chairman of the FOMC. In 2017, when Trump was looking for a replacement D. Yellen, he was advised to pay attention to the D. Powell as a supporter of the policy of "cheap money". "Low rates not allow to strengthen the dollar - this is what we need," - said the US president his advisers. In fact it turned out otherwise - Powell will continue its policy of rate increases.
Verbal intervention Trump caused a decrease in yield of US ten-year government bonds relative to German securities. Also showed a significant increase in gold as one of the main competitors, "American." For the euro positive background is formed today.
EURUSD recommendation: Buy 1,1520 / 1,1500 and take profit 1,1570.
Pound dollar forex forecast pair GBP / USD today 08/21/2018
Briton in the forex trading oday aims to continue the upward trend, the players have two reasons to buy sterling:
First, according to information from official sources, the US and China, representatives of the two countries are preparing talks aimed to resolve the trade dispute before the scheduled November meeting US President Donald Trump with the head of China Xi Jinping. For the main competitor of the dollar (euro, pound, Canadian, Australian) is a positive signal!
Second, oil quotes will support the British currency as between the GBP / USD and Brent observed a direct correlation. Today, investors should not expect growth in the Brent area of 73.23. French oil company Total has officially gone from Iran after the United States announced plans to impose sanctions against running business in this country. This was announced by Iranian Oil Minister Bijan Zanganeh. Thus, the flywheel sanctions against Iran and twisted in front of us expect instability in the Middle East, which will support the quotes.
GBPUSD recommendation: Buy 1,2810 / 1,2790 and take profit 1,2880.
Dollar yen forex forecast pair USD / JPY today 21/08/2018
Today, traders in the USDJPY pair is waiting for a mixed background. On the one hand, the possible depreciation of the USD / JPY due to reduction of yield spread of US and Japanese 10-year bonds. Such dynamics are primarily caused by the comments J. Trump's relatively high interest rates the Fed. On Friday, held the speech of FOMC D. Powell, and he may choose a more cautious strategy regarding future rate hikes, because it was the initiator of the appointment D.Tramp Powell as head of the US Central Bank. On the other hand, there is a demand for "risky assets", it can cause an increase in the dollar, the yen quotations. Now there is an upward trend in industrial metals, energy, actions - for the pair USD / JPYeto a positive signal, since it is correlated with the data tools.
USDJPY recommendation: flat 109,85-110,75.
Company analyst FreshForex