16:30 MSK. US: Retail Sales for December.
The euro dollar forex trading forecast for EURUSD today 02/14/2019
Political instability in Spain, together with the negative dynamics of the credit markets, signals the decline of the euro throughout the day. On the eve of Spain's parliament refused to agree on a budget for the current year. Budget problems in 2018 were in Italy and now at the fourth stage of the Eurozone economy. Let me remind you that the Italian problem in the summer caused the decline of the euro. In the credit market is experiencing a severe drop in yield spread on 10-year German government bonds and the US, which will put pressure on the single European currency. The situation may change tomorrow afternoon, will be announced when the results of the two-day China-US summit.But it will be tomorrow, and now the euro is formed by a negative background. The single currency, even ignoring the positive from the oil market, where Brent oil has updated a 10-week high. The positive trend in the oil market began after the publication of the International Energy Agency report. Firstly, the IEA pointed out that the US sanctions against PDVSA had already begun to limit the export of Venezuelan oil. Second, the agency has kept the growth forecast for oil demand this year at 1.4 million barrels / day. Tomorrow, the oil may test the level of $ 65 / barrel for Brent grade.
EURUSD recommendation: Sell 1.1280 / 1.1305, and take profit 1.1235
Pound Dollar GBPUSD forex forecast for today 14/02/2019
Forex players on GBPUSD today waiting sell sterling. The market is pessimistic about the British assets. Blame, weak inflation report of the United Kingdom in January. The so-called trend inflation (which orients CBA) remained unchanged at 1.9%, with a similar rate rose to 2.2% in the USA. Against this backdrop, the spread on the bond market, the yield on 10-year securities of Great Britain and the United States has demonstrated a rapid fall - this factor will exert pressure on the pound. government bond market always has a strong influence on the currency!
GBPUSD recommendation: Sell 1.2860 / 1.2880, and take profit 1.2810
Dollar yen USDJPY Forex forecast for today 14/02/2019
Today will start a two-day China-US trade negotiations. Tomorrow President Xi Jinping plans to hold a private meeting with US Trade Representative Robert Laythayzerom and Finance Minister Steven Mnuchinom. This is a clear signal that Beijing is ready to make concessions to Washington. Donald Trump on the news responded positively and said that to postpone the conclusion of the trade agreement on March 1 the next day. Asian and US stock indexes show growth this week, which is a positive factor for the pair. Investors are very optimistic about the outcome of these negotiations and are ready to step up buying both stocks and the dollar.
USDJPY recommendation: Buy 110.85 / 110.65 and take profit 111.35