Forex EURUSD forecast today 12/09/2019
Despite the fact that the calendar of events is not important news today, the day promises to be interesting. Firstly, Friday's labor market data in the US for November indicate the strength of the US economy and the Fed indicated that there is no more need to cut interest rates. In this case, the ECB may, at the beginning of next year to reduce interest rates, as the industry in Germany shows stagnation, and it's still the locomotive of the euro area. Debt market sensitive to this kind of problem, and we are seeing a decline in yield spread of government bonds of Germany / US, which traditionally puts pressure on the euro. Secondly, China has announced a partial lifting of tariffs on US soybeans and pork, signaling the imminent conclusion of a trade agreement with the United States. This factor has a negative impact on the value of gold and the euro,
EURUSD recommendation: Sell 1.1065 / 1.1080, and take profit 1.1033
Forex GBPUSD forecast for today 09/12/2019
Today, we can highlight both good and bad factors for the British currency. From the good: + OPEC agreed to reduce oil production by 500 thousand barrels per day, which has a positive impact on oil quotes and pound as the British currency has historically correlates strongly with the black gold. The initiator of the agreements made Saudi Arabia, which wants to maintain a high level of prices for the successful placement of shares of Saudi Aramco. Noovst bad for the pound is the negative dynamics of the credit market, where there is a drop in the yield spread on 10-year UK / US government bonds.
GBPUSD recommendation: flat 1.3115 -1.3175
USDJPY Forex forecast for today 09/12/2019
The rally in the US stock market have a positive impact on quotations of the currency pair. Investors are actively buying stocks for three reasons. Firstly, on the labor market release in the US in November the rate of employment growth in non-agricultural sector amounted to 266 thousand. Pers., And average earnings growth rate reached 3.1% level. Second, the United States and China this week may announce the date of the signing of the trade agreement. Third, the Fed continues to print money, which also contributes to the growth of the stock market. During the period from November 15 to December 3, the Fed has printed 29.6 billion. $, Who sent for the purchase of short-term US Treasury bills. Let me remind you that the plan for the month is 60 billion. $. 12 days was printed 29.6 billion. $, And the remaining 8 days to be printed 30.4 billion. $.
USDJPY recommendation: Buy 108.47 / 108.25 and take profit 108.91
FreshForex forecast for today