15:30 MSK. US: Consumer Price Index for July.
The euro exchange rate against the dollar forex forecast for EURUSD today 08/13/2019
At the end of last week, investors were concerned about the situation in Italy, where he broke the political crisis. However, at the beginning of a new five-day market has forgotten about this factor. Investors no longer massively sell Italian bonds and bank stocks. The focus was again the monetary policy the US Federal Reserve. On the eve of the yield of three-month US Treasury Bills Ministry of Finance for the first time fell below 2% this year. This rate is the benchmark for interbank lending in London (Libor rate). The growth of interbank lending rates always leads to an increase in value of the dollar and vice versa. Now we see a rather stable trend to reduce interest rates, which will contribute to reducing the value of the dollar.
EURUSD recommendation: Buy 1.1172 / 1.1150, and take profit 1.1229
Pound to dollar forex forecast GBPUSD today 13/08/2019
Today, the course of trading in the GBPUSD pair define two fatora. First - this is the macroeconomic statistics from the United States, inflation in July. Last week was published release on producer price index, which disappointed investors by weak data. Core PPI index fell to its lowest level since August 2017. This index is a leading indicator of consumer price index and on this background, today, do not expect the strong data. Dollar is a negative factor, as it increases the likelihood of more Fed rate three times the decline until the end of the year. The second factor - is the upward trend in the market of oil, which could support the pound, because of the direct correlation GBPUSD and BRENT.
GBPUSD recommendation: Buy 1.2050 / 1.2030, and take profit 1.2100.
Dollar yen USDJPY Forex forecast for today 13/08/2019
The focus of investors situation in China. First, market participants are waiting for decisive action by the Central Bank of China as a trade war between Washington and Beijing, helping to reduce China's GDP. Stimulating economic growth by the Central Bank of China have a positive impact on the value of the Asian stock markets and thus will support USDJPY as the pair correlated with the equity markets. Second, the student revolution in Hong Kong continues to tenth week and paralyzed the activities of the airport. Hong Kong is an important financial center in Asia and geopolitical tensions negatively affects investor sentiment. Stock markets in Asia are now showing multidirectional trend in this regard, today we can expect a sideways trend in the currency pair.
USDJPY recommendation: flat 105.00 -105.80