The euro dollar forex trading forecast for EURUSD pair today 01/14/2019
The main trend in the euro is the same - it is an upward trend in the region of 16 pieces. Inflation in the United States as of December turned out to be at a minimum level since August 2017, which will not allow the Fed to raise rates in the first half of this year. Now for a rate hike is no reason, and this factor is taken into account in the credit market - the yield spread of 10-year government bonds of Germany and the United States once again demonstrates the growth. Additional support for the euro will have a commodity market in which we are seeing a rise in prices for industrial metals and energy. Notably the situation with natural gas, which in the next few days we can see the strong bullish trend against the background of the cold weather in North America and Europe. US Department of Energy has reported on the reduction of gas reserves in the last week by 91 billion cubic feet, which is 7.2% lower than a year earlier. In the next ten days is expected cold snap, which could trigger a new round of gas reserves reduction. Industrial metals rise in price against the background of positive trade negotiations, the US and China.
EURUSD recommendation: Buy 1.1465 / 1.1440, and take profit 1.1550.
Pound dollar forex forecast pair GBPUSD today 01/14/2018
British Foreign Secretary Jeremy Hunt announced the possibility of postponing the Brexit, because the probability is high that the Parliament on January 15 will not be able to approve the plan of T. Mae. Debt market reacted positively to the news - the yield on 10-year UK government bonds demonstrates the rapid growth in relation to their counterparts in the US and Germany. Now you can fold the typical market situation, when before an important event in the market "driven" to one side, and after the events took place in the other direction. The positive dynamics of the credit market today will support the pound during the day, and tomorrow we expect a "roller coaster".
GBPUSD recommendation: Buy 1.2833 / 1.2810, and take profit 1.2880.
Dollar against the yen today, forex forecast USDJPY 14.01.2019
The main factors that have a strong influence on the course of trading will be the dynamics of world equity markets. In the first instance, investors will look to the United States, which on Tuesday launched a new season of corporate reporting. Indicators such as PMI ISM, Non-Farm and average earnings indicate a rise in corporate profits, which will have a strong support to the market. Traders today have become more optimistic about the prospects for foreign trade. After the talks, held last week in Beijing, China and the US Government are preparing for talks on a higher level. Senior Advisor to the President Xi Jinping on Economic Policy on 30-31 January due to visit Washington. Against this background, not expect the growth of S & P500 index in the region in 2610, which will support the USD / JPY due to the direct correlation of the two instruments.
USDJPY recommendation: Buy 108.00 / 107.80 and take profit 108.75.