The euro exchange rate against the dollar forex forecast for EURUSD today 17/10/2019
Statistics on retail sales in the United States for September disappointed investors weak data, resulting in a decrease in the probability of the Fed's interest rate meeting on October 30, according to the opinion of the Chicago futures market is now 90%. If we add the launch of the Fed's printing press, which began work on Tuesday October 15th, we get a negative trend for the US dollar. At the same time as the euro is the currency of funding, now do not expect the strong appreciation of the single European currency. Fed printing press plays as "for" euro and "against", as the growth of the money supply in the United States contributes to the inflow of capital into risky assets, which is negative for the euro.
EURUSD recommendation: Buy 1.1055 / 1.1039, and take profit 1.109
The pound against the dollar forex forecast GBPUSD today 10/17/2019
The British pound last five trading days on growing Pending agreement on BREXIT between Britain and the European Union. Today, the situation may become clearer technical correction is complete and euphoria, as work known rule: buy on rumor - sell the fact! The only question is, how will this korrektsiya- from current levels or from the psychological level of 1.3000? The chances are fifty-fifty. What's in this case? In my opinion, today it is advisable to watch the market and to refrain from active trading. The last three trading days, I called to actively buy the pound, and it had a good reason. Now I have no confidence that the bull rally will continue. At the same time, and "short" is no desire.
GBPUSD recommendation: flat 1.2790 -1.2865
Dollar yen forex forecast USDJPY today 10/17/2019
Rally bullish on stock markets has a positive impact on the value of the currency pair. Fed two days buys assets, which led to a decrease in the yield on short-term government bonds. The futures market in Chicago indicates a 90% likelihood of interest rate cuts in the meeting on 30 October - is a fairly high rate, and we can say that the FED this year for the third time in a row will reduce interest rates. Donald Trump has to be satisfied, because the policy of the US Federal Reserve will lead to strong growth in the US stock market. New records on the index # SP500 is just a matter of time it will happen today, tomorrow or next week?
USDJPY recommendation: Buy 108.59 / 108.40 and take profit 109.10