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Main » 2019 » May » 14 » Forex forecast and recommendations today 14.05.2019: EUR / USD - long positions, GBP / USD - may be pleasant surprises, USD / JPY - Trade wa
Forex forecast and recommendations today 14.05.2019: EUR / USD - long positions, GBP / USD - may be pleasant surprises, USD / JPY - Trade wa


Events today traders today:

11:30 MSK. United Kingdom: Changes in the level of average earnings for March

Euro \ dollar forex forecast pair EURUSD rate today 05/14/2019

EUR / USD - today, traders on the euro are two reasons to open long positions.

First, the positive dynamics for the currency of the Old World in the debt market: the yield of the German 10-year bonds rising to the American and British counterparts. The futures market in Chicago expects the next 12 months, reducing the Fed rate at 0.5%. D. Trump calls Fedrezrv lower the rate by 1%. These rumors are now playing against the US dollar.

Second, the growth of quotations of gold, which is also positive for the euro, since there is a direct correlation between the instruments.

EUR / USD recommendation: Buy 1.1225 / 1.1200, and take profit 1.1275.







Gbp usd forex forecast pair GBPUSD today 05/14/2019

In the midst of the European trading session, the United Kingdom publish records on the labor market in March. Investors do not expect surprises, because the future BREXIT prevent British business to demonstrate strong growth. But if you still will be a pleasant surprise today, such as the reduction of unemployment to around 3.8%, we will see a rapid growth of quotations. Otherwise, the growth of quotations and will, but smooth. The British currency has now received strong support from the oil market, where we observe a "bull rally." Investors buy oil contracts on the background of geopolitical tensions in the Persian Gulf. United States increase its military presence in the region. Market participants do not rule out military operations in the oil-rich region. BRENT grade this week could test the mark of 73.90 $ / barrel.

GBP / USD recommendation: Buy 1.2940 / 1.2915, and take profit 1.3000




Dollar \ JPY forex rate USDJPY forecast for today 05/14/2019


The first trading day of the week began with sales in the US stock market, which caused a decline in USDJPY, as the pair is strongly correlated with the S & P500 index. Today, the course of trading will also depend on investor sentiment in the stock markets. On the one hand, we can expect new sales in the stock market that usidit decline USDJPY pair, since China announced the introduction of duties on US goods. On the other hand, Chinese tariffs will take effect from June 1, and until that time there are still almost three weeks, and Beijing can still reach an agreement with Washington. I also drew attention to the discrepancy between S & P500 index and the index of "fear" VIX - the index should be the last to show rapid growth, and last week's update, but this did not happen. It turns out the fear in the market is there, but not the same as he was before. Perhaps investors are ready to start fixing the "shorts" that will cause a technical correction in the US stock market and will allow the pair USDJPY recovered to the psychological level of 110.00. Now there are more questions than answers.

USDJPY recommendation: flat 109.00 -110.00



FrehForex analyst



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