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Main » 2019 » March » 11 » Forex forecast and recommendations today 11.03.2019: EUR / USD - Euro growth against the ECB, GBP / USD - political crisis in Britain, USD /
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Forex forecast and recommendations today 11.03.2019: EUR / USD - Euro growth against the ECB, GBP / USD - political crisis in Britain, USD /

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The euro dollar forex trading forecast for EURUSD today 03/11/2019
 

the ECB's LTRO program has left no choice to investors, how to sell the euro. The ECB has recognized the weakness of the European economy, which may not show stable growth without incentives. Active promotion will begin in September, but now the yield European securities falls rapidly. On the debt market has fallen yield spread of German and US 10-year bonds, it helps sell-euro. Report on Non-Farm made a lot of noise. In February, the employment rate amounted to 25 thousand. Many traders began to say that it is not enough and we will soon see a crisis in the US economy. With this view, you can not agree on a number of reasons.

Firstly, a month is not an indicator. Let's see all the time at the end of winter -... Figure amounted to 553 thousand average value per month 184.3 thousand Recall monthly average of 200 thousand is a good, by the Fed and the US Treasury view. Nedotyanul quite a bit. 

Secondly, the level of unemployment, U6 (the most important indicator of employment) in February fell just 0.8% to the level of 7.3% - the last time such a mark was observed in 2001! This dynamics suggests that employment in the United States is very high and it will contribute to economic growth, which is positive dollar.


EURUSD recommendation: Sell 1.1250 / 1.1270, and take profit 1.1215

 

 

 

 

 

 

Pound dollar forex forecast pair GBPUSD today 11/03/2019
 

Active investors will now sit on the fence before the vote in the British Parliament on Brexit project, which was prepared by the Prime Minister T. Mae. The opposition sharply criticized the May and does not want to support this project. Last Parliament rejected the draft. How will this time? High chances that the project will again be rejected. But still there is a chance and a positive outcome. British Prime Minister calls for parliament to vote "for", but a large number of speakers have a personal grudge against T. May and can speak "against". In this connection, it is advisable to wait for the election results and after trading the British pound. In any case, we will get a strong movement and have time to earn some money. And now the main thing is not to hurry.


GBPUSD recommendation: flat 1.2960 -1.3050

 

 

 

Dollar yen USDJPY Forex forecast for today 11/03/2019
 

Friday's release of the US labor market indicates the development of the upward trend in the currency pair. Level U6 unemployment rate fell to the level of 7.3% in February, the lowest level for the last 18 years! As economists say in such cases - the economy closer to a state of "full employment". At such times, corporations are forced to raise wages to stimulate their employees. Already in February, average hourly earnings in the US rose by 3.4% in annual terms. Wage growth will contribute to the increase in costs that have a positive impact on GDP. In the future, this will cause a rise in inflation, which will make the US Federal Reserve to raise interest rates. For the US dollar is a positive signal, since the Bank of Japan has no plans in the coming year to raise interest rates.


USDJPY recommendation: Buy 111.05 / 110.85 and take profit 111.50

 

 

 

Analytics FreshForex

 

 

 

 

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