The euro \ usd forex forecast for EURUSD today 03/15/2019
The main event of the day will be the publication of data on industrial production in the US in February. This indicator clearly shows the business cycles and therefore, closely monitored by investors. Leading indicators PMI from Markit and ISM indicates a decline in output. First ahead of the decline observed in exporters, who suffer from excessive strengthening of the US dollar. J. Trump has repeatedly pointed out this problem, and as long as the US financial authorities do not want to solve it. The negative macroeconomic statistics from the United States will boost the EURUSD.
EURUSD recommendation: Buy 1.1300 / 1.1275, and take profit 1.1365
Pound Dollar GBPUSD forex forecast for today 15/03/2019
The British Parliament approved the draft T. Mae postpone Brexit period of 3 months, up to June 30 this year. Is this good or bad for the market? In general, such a policy option discussed a month ago, and for the most part of such an outcome is considered by investors. Traders will now focus on new negotiations with the British Prime Minister HH It is from this will depend on the outcome of the main trend of the pound. What factors will influence today on the bidding? Firstly, a possible negative report on industrial production in the US in February will put pressure on the dollar. Second, the published report, OPEC signaled the fall in oil production in Venezuela by 140 th. Barrels. / Day, indicating a continuation of the uptrend. M. Pompeo said yesterday about the US readiness to cut in May, Iranian oil exports by 250 th. Barrels. / Day.
GBPUSD recommendation: Buy 1.3220 / 1.3195, and take profit 1.3260
Dollar yen USDJPY Forex forecast for today 15/03/2019
The Bank of Japan as expected kept interest rates unchanged and did not change the QE program, as inflation in Japan is far from the target with 2%. For the "bulls" is a positive signal, because the soft monetary policy of the Central Bank always has a negative impact on the national currency. The yen will show weakness and investors will have no other choice but to buy US assets. US stock market trading at five-month high in the near future we can expect growth of quotations # SP500 to 2850, as the FOMC has no plans to raise interest rates this year. For the stock market is a good sign! Since the pair USDJPY has a direct correlation with the stock markets, then vapors USDJPY is also positive news.
USDJPY recommendation: Buy 111.50 / 111.30 and take profit 112.12