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Main » 2019 » August » 16 » Forex forecast and recommendations today 16.08.2019: EUR / USD - Euro Olli Rehn sends in a knockout, GBP / USD - Pound is ready to continue
Forex forecast and recommendations today 16.08.2019: EUR / USD - Euro Olli Rehn sends in a knockout, GBP / USD - Pound is ready to continue


Events today:

15:30 MSK. US: The number of bookmarks of new foundations for July.

The euro \ usd forex forecast for EURUSD pair today 08/16/2019

Governor of the Bank of Finland O. Rehn announced the easing of monetary policy of the ECB at the meeting of September 12th. According to a senior official of the European Central Bank regulator should reduce interest rates again start buying bonds program. The ECB must act quickly to prevent the crisis in the Eurozone. "It is better to over-stimulation than insufficient" - Mr Rehn said. For the euro is a negative signal, since it contributes to a sharp drop in yields of European bonds.

EURUSD recommendation: Sell 1.1112 / 1.1135, and take profit 1.1077





Pound Dollar GBPUSD forex forecast for today 16/08/2019

Briton this week demonstrates the positive trend in the first half of trading players in the GBPUSD pair is worth waiting for the continuation of the uptrend. This week came out good reports on the labor market, inflation and retail sales in the UK. This trend gives the Bank of England not to cut interest rates, in contrast to their colleagues from the US Federal Reserve and the European Central Bank, which plan rate cut in September. This factor has a positive impact on the bond market, where we are seeing an increase in the spread in bond yields UK / US and UK / Germany. In the second half of the session not expect positive data on the US construction market, forcing investors to take profits on long positions and will contribute to a technical correction down.

GBPUSD recommendation: Buy 1.2076 / 1.2055, and take profit 1.2150




Dollar \ yen forex forecast USDJPY 16.08.2019

The bidding is still dependent on the dynamics of stock markets. After a large-scale sales in the environment caused by the inverted yield curve of US bond market stabilization occurred on Thursday. Investors are not willing to sell shares and seem to begin to think about shopping, especially since officials from the ECB's QE program promise to start on September 12th. QE in the euro area was in the period from 2015 to 2018, had a positive effect on the stock markets. Today, I expect, albeit moderate, but still the growth of stock indices, which will positively affect the share prices of the currency pair.

USDJPY recommendation: Buy 106.00 / 105.77 and take profit 106.40



Analytics FreshForex



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