The euro dollar forex trading forecast for EURUSD rate today 01/11/2019
For the single European currency remains positive background. First, the rise in the commodity market, which is positive for the euro, which has a direct correlation with the oil and metals. The market of black gold have comments the Minister of Energy of Saudi Arabia Khalid al-Fapliha, who confirmed the intentions of OPEC + fully remove excess oil from the market, which will lead to an increase in oil prices. Secondly, the report on inflation in the US in December will not be able to please investors positive data, since the cost of gasoline has fallen to a minimum over the past seventeen months. Energy is an important component of inflation and in this regard, it is difficult to count on strong output data. You can not ignore the strengthening of the dollar, which occurred in the fourth quarter, which is also negative for inflation.
EURUSD recommendation: Buy 1.1520 / 1.1500, and take profit 1.1585.
The pound dollar pair GBPUSD outlook today 11/01/2019
Business Affairs Minister G. Clark warned his colleagues from the sale of Brexit "hard scenario", as it will lead to a catastrophe, which is clearly not included in the plans of the United Kingdom Government. What it is: an allusion to the positive outcome of the vote on January 15, or a cry of despair? Credit market focuses on the first scenario: the yield spread on 10-year UK government bonds and the US shows growth. Additional support for the pound will have black gold, which is the last two weeks in a strong uptrend. Investors should wait for BRENT variety of growth of quotations to $ 63 / barrel.
GBPUSD recommendation: Buy 1.2750 / 1.2730, and take profit 1.2809.
The dollar yen pair USDJPY outlook today 11/01/2019
Upward trend in global stock markets can count on a pair of quotes growth to 109 pieces, as USDJPY has a strong correlation with major stock indices of the world. This correlation is due to low interest rates in Japan. Let me remind you that the Bank of Japan keeps key rate at 0.1%, which in turn led investors to use the yen carry trade operations. The uptrend in the equity markets supported by news from China: the chief economic adviser to the president of China to visit the United States for trade negotiations on 30-31 January. Investors expect that Washington and Beijing at this time will be able to finalize agreement on trade issues.
USDJPY recommendation: Buy 108.20 / 108.00 and take profit 109.00.
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