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Main » 2019 » January » 10 » Forex forecast and recommendations today 10.01.2019: EUR / USD - Fitch threatens to downgrade the US, GBP / USD - oil will support the pound
Forex forecast and recommendations today 10.01.2019: EUR / USD - Fitch threatens to downgrade the US, GBP / USD - oil will support the pound


The euro dollar forex trading forecast for EURUSD pair today 01/10/2018

The uptrend in the euro is gaining momentum! It should be noted that the euro is going up not because of its strength, but on the background of the weakness of the US currency.We are witnessing the fall of the ruble as against the currencies of developed markets (Euro, Pound, Yen, Canadian), and in relation to the currencies of emerging markets (the yuan, the Russian ruble, the Brazilian real). Why do investors sell the US currency? In 2018 the dollar has shown strong growth, and now this process has a negative impact both on the inflation rate in the United States and on US exporters. Speaking on the eve of the head of the Federal Reserve Bank of St. Louis James Bullard said that the FOMC will no longer be to raise interest rates, otherwise you can cause an economic crisis. Fitch rating agency has reported on Wednesday that the United States can reduce rating on the background of the suspension of the federal government. Nearly three weeks in the United States government is not working and Fitch extreme determinant date of 1 March - if the situation does not change, then the rating will be lowered. In my opinion, the chances of such an outcome is insignificant, since it is unlikely that D.Tramp will oppose the signing of the draft state budget for another 1.5 months. But if all the same it happen, then we will have a significant exodus of investors from US assets and the dollar will come under strong wave of sales.

Trading recommendations: Buy 1.1535 / 1.1505, and take profit 1.1585.






Pound dollar forex forecast GBPUSD today 01/10/2019

In the first half of trading players in the GBPUSD pair is worth waiting for reducing Britain's quotations on the background of the negative dynamics of the credit markets, where yields on 10-year UK government bonds is reduced in relation to their counterparts in the US and Germany. Then I expect the market turns and strengthen the pound against the background of oil prices growth as between GBPUSD and BRENT observed a direct correlation. In the oil market are now seeing the bullish rally for three reasons. First, the United States and China signaled positive trade negotiations that demand for petroleum products in 2019 will still be high. Second, Saudi Arabia decided to cut oil exports by 700,000 barrels per day, which was a pleasant surprise for the market. Thirdly, major US companies for the extraction of shale oil Chesapeake Energy has reported its intention to cut investment by closing the low-margin drilling platforms. The company's management announced that it is now in the United States, many energy companies are cutting investments in the development of new projects on the background of the collapse of oil prices at the end of 2018. Against this background, I expect the growth of oil prices in the region for a variety BRENT 62.60.


GBPUSD recommendation: Buy 1.2760 / 1.2740, and take profit 1.2809.




Dollar yen forex forecast pair USDJPY today 01/10/2019

Preliminary trade negotiations, the US and China ended on a positive note, it will support the global equity markets. As the authoritative representatives of the US Federal Reserve this week said there was no need to raise interest rates further, it is an additional positive signal for the equity markets. Until the end of the week I expect the growth of S & P500 to the psychological level of 2600 n., That will support the USDJPY pair, because of its direct correlation with the US stock market.

USDJPY recommendation: Buy 107.90 / 107.70 and take profit 109.00.



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