Eur usd forex forecast for EURUSD rate today 09/03/2019
European Manufacturing PMI index for seven months in a row is lower than 505, indicating that the economic slowdown in the Eurozone. Next Thursday the ECB will hold a regular meeting on monetary policy, in which it can advertise lower interest rates and launching QE program (purchase of bonds in the market). It is expected that outcome now the majority of market participants. For the euro is a negative signal, while a positive for the stock market. On the first trading day of September, we have seen is a trend: the euro fell and stock markets grew. Today I expect to continue this trend. Among European stock markets in the first place it should be noted Index # ESTX50, which aims to increase the area in the psychological level of 3500.
EURUSD recommendation: Sell 1.0980 / 1.1000, and take profit 1.0940
forex rate forecast Pound Dollar GBPUSD today 09/03/2019
British business is afraid B. Johnson and his policy toward BREXIT- business activity index fell to 47.4% in the industry. The last time this value was observed in October 2012. This factor is a signal of the need to reduce the Bank of England interest rates. The next meeting of the Central Bank will be held September 19 and November 7, BREXIT scheduled for October 31. What will make the Central Bank? To reduce the rate to BREXIT or after? Let's try to find an answer to the public debt market. The yield on the UK two-year bonds is 0.35% and the ten-year 0.43%. The difference between these figures is 0.08%, while in the early summer difference was 0.29%. Three-month bills yield 0.74% shows that almost equal to the Central Bank rate. Against this background, it is likely that the Bank of England will delay rate cuts until 7 November. Most likely, traders are too pessimistic on the eve responded to a possible change in the monetary policy of the Bank of England. Today pound stabilized in the field of psychological level 1.2000.
GBPUSD recommendation: flat 1.2000 -1.2090
forex rate forecast for the dollar, the yen USDJPY today 09/03/2019
Around the world, there is a decline of profitability of state bonds that have a positive impact on the stock markets. Two market data traditionally compete for funds from investors if the yield is higher in the bond market, the capital directed to this segment, the opposite is true. Now bond yields fall, and the trend is increasing. In this regard, the shares offer investors higher returns. USDJPY since the pair has a strong correlation with the stock markets, we can expect the uptrend in the pair.
USDJPY recommendation: Buy 106.10 / 105.90 and take profit 106.71