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Main » 2019 » April » 16 » Forex forecast and recommendations today 16.04.2019: EUR / USD - the calm before the storm, GBP / USD - a good day for the British, USD / JP
Forex forecast and recommendations today 16.04.2019: EUR / USD - the calm before the storm, GBP / USD - a good day for the British, USD / JP


Events today:

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

16.15 MSK. US: Industrial Production for March.

The euro \ usd forex forecast for EURUSD today 04/16/2019

A strong trend in the EUR / USD pair today forex players do not expect. The yield spread on 10-year German and US securities in the debt market virtually unchanged. Gold is now trading at a minimum for the last six days, which is also negative for the euro, due to the direct correlation of the two instruments. Maybe then you must sell the single European currency? No, do it now also not worth it, because there are no factors that could support the US dollar. D. Trump criticizes the impression the Fed and investors every week that the Fed will not raise interest rates over the next two years.

EUR / USD recommendation: flat 1.1250 -1.1340





Pound \ usd forex forecast GBPUSD today 04/16/2019

Today, forex trading, the pound may please the traders a good growth of quotations. One reason for the rise of the British - it is positive on the bond market, where yields rising British 10-year bonds for bonds of Germany and the United States. Another reason - the growth of oil prices on the raw materials market, which will also support the sterling, due to the strong correlation GBPUSD and BRENT. Geopolitical tensions in the Middle East (Libya and Sudan) led investors to buy oil futures. The third reason - it's way out, though moderate, but still negative macroeconomic statistics from the United States on industrial production for March. Why can we see the weak data? PMI Markit index, as well as the rate of employment in the industry fell to the lowest level since July 2017. Against this background, perhaps a short-term decline in the US dollar.

GBP / USD recommendation: Buy 1.3080 / 1.3060, and take profit 1.3140




Dollar \ yen USDJPY Forex forecast for today 04/16/2019

USD / JPY pair is configured to update the four-month high - uptrend is gaining momentum! Now investors are actively buying pair as stimuli from the world's central banks will contribute to the inflow of capital into the "risky assets" (oil, stocks, higher-yielding currencies) and the outflow of capital from the "safe assets" (gold, the yen and the Swiss franc). Fed on May 1, will reduce the sale of bonds to 20 billion. USD., Bank of China provides banks with additional liquidity for lending to small and medium-sized businesses, the European Central Bank will implement the program in the autumn of the LTRO. There may be a logical question: even now not 1 May and shall not fall, and why these measures will already have an impact on "risky assets"? As we know, the market advance takes into account all possible factors, and movement in the market beginning long before the "reporting period".


USD / JPY recommendation: Buy 111.85 / 111.70 and take profit 112.30




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