Forex forecast EURUSD exchange rate for today 07/10/2019
For the euro positive background is formed today. The yield on 10-year German securities market debt grows to counterparts from the US and the UK, it will support the euro. The futures market in Chicago indicates a 77% probability of the Fed lowering rates at the meeting of 30 October. Friday's release on the labor market points to a slight slowdown in economic growth in the United States. J. Trump and his team need to lower interest rates and the Fed seems to go on this step. Furthermore, US banks continue to indicate problems with liquidity, thus implying the need for the Federal Reserve to launch a printing press. And the Fed, apparently, it will also make. For the dollar is negative, and this is positive for its competitors.
EURUSD recommendation: Buy 1.0965 / 1.0 950 and take profit 1.1008
Forex forecast GBPUSD exchange rate for today 10/07/2019
Good and bad news for the British currency. The good news is that Boris Johnson is ready to ask for a delay in BREXIT in Brussels, if the agreement with ES It will not be concluded. Investors in the last two weeks was very worried about this, as Johnson imagines himself J. Trump and began to sharply criticize all initiatives of the opposition. But the fact that Donald allowed, Boris was not allowed. The bad news is the negative dynamics of the credit market, where the yield on 10-year UK government bonds falls in relation to their counterparts in the United States and Germany.
GBPUSD recommendation: 1. flat 1.2295- 2370
Forex rate USDJPY forecast for today 07/10/2019
Bullish rally in the US stock market creates a positive backdrop for the currency pair as between USDJPY and # SP500 observed a strong correlation. Investors expect the US Federal Reserve interest rate cuts and the launch of the program of quantitative easing at the meeting of 30 October. In the past, such measures have always caused the growth of corporate stock. In my opinion, now history will repeat itself. Against this background, I expect growth of quotations of US stock index # SP500 to the psychological level of 3000 points.
USDJPY recommendation: Buy 106.80 / 106. 60 and take profit 107.25.