The euro dollar forex trading forecast for EURUSD today 03/13/2019
Published data on inflation in the US in February confirmed the fears of a number of Fed members that the central bank may have to lower the rate by 0.25% at the end of the year. Inflation has fallen to the level of 1.5%, the lowest level since October 2016. Now the Fed rate at 0.875% above inflation. With such a dynamic economy will be difficult to demonstrate the growth rate of 3.1% - about such GDP growth on the eve said J. Trump. Investors will now be rid of the dollar, and to go into higher-yielding currencies, primarily the currencies of developing markets (Russia, Brazil, South Africa, China). For the euro is a good sign, since the single currency has a direct correlation with the currencies of emerging markets.
EURUSD recommendation: Buy 1.1275 / 1.1250, and take profit 1.1315
Pound Dollar GBPUSD forex forecast for today 13/03/2019
The British Parliament rejected by T. Mae Brexit plan. Political instability in the United Kingdom could force investors to sell British assets. The UK continues to disappoint traders weak macroeconomic statistics. Industrial production is reduced for four months in a row in the UK, which is a negative factor for economic growth. In January indicator decreased by 0.9%, with growth of 1.5% was recorded in January 2018. The negative trade balance in the first month of the year amounted to 13.1 bln. Pounds, which is 21.3% higher than a year earlier.
GBPUSD recommendation: Sell 1.3095 / 1.3115, and take profit 1.3056.
Dollar yen USDJPY Forex forecast for today 13/03/2019
Traders should buy the pair USDJPY based on the continuation of the upward trend in the US stock market, as the USDJPY has a direct correlation with the S & P500. The Japanese yen is a funding currency in carry trade operations and its dynamics is very dependent on the mood of investors, which are traded on the stock markets. For stock exchanges is now formed a positive background. First Vice-Premier Wu Yi Liu He had a telephone conversation with US Treasury Secretary Steven Mnuchinym and US Trade Representative Robert Laythayzerom, within which the parties discussed the terms of future trade agreement between Washington and Beijing. Second, inflation in the United States slowed down its growth to its lowest level in two and a half years, which will not allow the Fed to raise interest rates
USDJPY recommendation: Buy 111.21 / 110.98 and take profit 111.85