11:30 MSK. UK: Consumer Price Index for July.
17:30 MSK. US data on stocks of crude oil from the Ministry of Energy in August.
The euro \ usd forex forecast for EURUSD today 08/14/2019
The euro is now at an impasse. On the one hand, the single European currency is strongly correlated with the gold that has been exposed on the eve of a wave of sales after the news of a trade war between Washington and Beijing. Vice-Premier Wu Liu He had a telephone conversation with the US Trade Representative and the Minister of Finance Laythayzerom Mnuchinym. US decided to postpone the introduction of some import duties against China until 15 December. With druygo hand, futures on a bet the Fed, which is traded on the CME in Chicago, still indicates the two interest rate cuts - at the meetings of 18 September and 30 October. This factor, in turn, is negative for the dollar.
EURUSD recommendation: flat 1.1130 -1.1210
Pound \ usd forex forecast GBPUSD today 14/08/2019
Today traders should buy the pound for two reasons. Firstly, the UK investors were pleased with the positive data on the labor market, recorded good growth of average earnings and the reduction in applications for unemployment benefits. Second, the oil market we are seeing rapid growth, which will support the pound, because of the correlation GBPUSD and BRENT. Black Gold rises in price against the background of a small truce in the US trade war - China, as well as by reducing the export of oil from Saudi Arabia. Saudis next year plans to hold IPO Saudi Aramco, and they need higher oil quotes in order to sell the shares as expensive as possible. Saudis need to disperse the oil quotes up, that they are beginning to do.
GBPUSD recommendation: Buy 1.2030 / 1.2010, and take profit 1.2080
Dollar \ yen USDJPY Forex forecast for today 08/14/2019
The rapid growth in the stock markets has a positive effect on the USDJPY quotes, as the pair is strongly correlated with the equity markets. US President Trump said that the telephone conversation with the PRC was very productive, "China is very much would like to resolve the issue of trade. We have decided to postpone the imposition of duties before Christmas, so they will not have any impact on the pre-Christmas purchases. " What it is: the calm before the storm (the war) or a bad peace? I'm leaning toward the latter. The fact that the United States can make a delay on new duties, I talked yesterday morning on our daily webinar Market Review. Strategy D. Trump have enough prostaya- first intimidate and then offer negotiations. Intimidate Chinese August 13 August 1, he proposed talks.
USDJPY recommendation: Buy 106.40 / 106.20 and take profit 106.90