Free no deposit Bonus Forex
Sunday, 17.11.2019, 05:37
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest
Statistics

Total online: 1
Guests: 1
Users: 0
...
Main » 2019 » November » 7 » Forex forecast and recommendations today 07.11.2019: EUR / USD - short positions, GBP / USD - meeting of the Bank of England, USD / JPY
09:05
Forex forecast and recommendations today 07.11.2019: EUR / USD - short positions, GBP / USD - meeting of the Bank of England, USD / JPY

article34438.jpg

Events today:

15.00 MSK. United Kingdom: The decision on the basic interest rate of the Bank of England.


The euro dollar forex trading forecast for EURUSD today 11/07/2019
 

Today is not expected important macroeconomic statistics and on this background, the course of trading will be determined by the dynamics of credit and commodity markets. In the credit market is experiencing a decline in yield spread on 10-year German / US government bonds, which indicates a decrease rate of the single European currency. mixed dynamics in the commodity market: precious metals show a slight increase, while the oil is gone correction after the eve of the renewed five-week high. In view of these factors, I expect a slight decrease in quotations during the day.


EURUSD recommendation: Sell 1.1071 / 1.1090, and take profit 1.1040

 

 

 

Pound Dollar forex GBPUSD outlook today 11/07/2019
 

The main event of the day will be a meeting of the Bank of England's monetary policy. Since the last meeting of September 19 yields 2-year UK government bonds, which is hewn correlates with the Bank of England's rate increased by 0.05%. This means that today we should not expect a hint of lower interest rates in the near future. The United Kingdom received a reprieve on BREXIT until 31 January 2020 and the Bank of England will refrain from taking action until the end of this period. In general, the risk of a "hard" BREXIT even exists, but is an alternative scenario. In still guide the Central Bank rely on the fact that the British authorities will be able to conclude a mutually beneficial agreement with the European Union. It should be noted, that high wage growth could cause higher inflation in the medium term, which does not allow the Bank of England to lower interest rates. Why do I bring a focus on the reduction of interest rates? In the past three months, many central banks cut rates and the Bank of England is one of the few who leave the rate unchanged. This is good news for the British currency!


GBPUSD recommendation: Buy 1.2822 / 1.2805, and take profit 1.2875

 

 

Dollar yen forex forecast USDJPY today 11/07/2019
 

Meeting Donald Trump Xi Jinping to sign the first part of the bargain between the two countries may be delayed until December, as the venue of the summit issues still to be resolved, say the White House. Most likely, the summit will be held in a European country in a month. What it means: the parties can not reach a consensus on trade issues or is there some other reason? I think Trump tenyat little time to make a good news for the occasion of the Christmas rally that will begin in December. In his twitter American president no longer scolds China and the Federal Reserve, but instead notes the rapid growth of the stock market. For example, the day before he said that the stock market is at historical highs and the Americans are fortunate that he is their president. Trump still joking and praises himself. He is clearly not a fool, thought by many journalists, he calculates his moves. Thus, the American president prepares us for the rapid growth of stock markets in the last month of the year, which in turn have a positive impact on the value of USDJPY, as the pair is strongly correlated with the stock markets.


USDJPY recommendation: Buy 108.63 / 108.45 and take profit 109.25

 

 

FreshForex analyst


Do not miss : Trading robot , for beginners and professionals

 

Views: 15 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
WELCOME 35USD
Calendar
«  November 2019  »
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2019-2012
    Website builderuCoz