The euro dollar forex trading forecast for EURUSD today 04/03/2019
Today in the forex trading the EUR / USD may show the growth rate to a maximum of the last week (1.1419) for two reasons. Firstly, the reduction of the spread of the Eurozone and the US inflation may force investors to buy euros and sell dollars. Last year the figure was about one percent - now the difference is only 0.1%. Against this background, on Friday, the euro area banking sector STOXX Banks index rose by 2% - paper credit institutions traded significantly better than the market. Why? Rising inflation allows the ECB to raise interest rates gradually, which is favorable for banks, which will increase their interest income. Second, Friday's US statistics on business activity in the industry from the ISM data disappointed investors weak, which may also provide support to the euro.
EURUSD recommendation: Buy 1.1350 / 1.1329, and take profit 1.1419
Course funtdollar forex forecast pair GBPUSD today 04/03/2019
For the sterling and American forms a negative background and hard to figure out who will be the main outsider. Business activity in the industry of Great Britain and the United States shows a decline, which is bad for currency data economies. The reasons for the fall in all your own. Britain suffers from uncertainty about Brexit - business is now at a loss and does not know how to choose a development strategy for the United Kingdom out of the ES The thing that has not concluded a trade agreement with Brussels and now it is not clear - is lit. bargain. American industry is suffering from high interest rates on loans. The Fed last year raised interest rates four times, and the cost of lending to businesses increased by 1.75-2%.
GBPUSD recommendation: flat 1.3195 -1.3275
The dollar yen pair USDJPY Forex forecast for today 03/04/2019
Trend in the USDJPY pair can be described by a simple expression of the trader - "bull rally." An uptrend is gaining momentum, and today we will see new highs for two reasons. First, the debt market yield differential of 10-year US and Japanese government bonds rose to a peak in the last four weeks, which leaves investors with little choice but to buy US assets. Negative yields on Japanese stocks led investors to leave the borders of Japan. Second, the sell-off in gold and the rise of the US stock market has traditionally been a positive factor for the USDJPY pair, because in such a period of increased activity in Sledkov carry trade.
USDJPY recommendation: Buy 111.77 / 111.55 and take profit 112.25