The euro exchange rate against the dollar forex forecast for today EURUSD 19.07.2019
The euro last nine trading days in the flat 1.1192 -1.1285 and now can see no reason to leave this range. Investors are not rushing to an open position, as the ECB meeting expected to be held after 6 days. This meeting of the ECB is very important for the euro. Why? The controller can go to lower interest rates, which will cause the depreciation of the single European currency. Last time the ECB cut interest rates in 2016. In the current year of the G-20 countries have reduced their interest rates central banks: India (3 times), South Korea (1 time), Australia (2 times), Russia (1 time), Indonesia (1 time). US Fed could lower the rate on July 31 for the first time in ten years. On the need to reduce interest rates in the last month of actively spoken in China. Now in the global economy there is a trend to lower interest rates.
EUR / USD recommendation: Buy 1.1253 / 1.1239, and take profit 1.1285
Pound to the forex forecast for today Dollar GBPUSD 19.07.2019
This week, the UK reported strong data on wages and retail sales, forcing investors to cover short positions. Lb demonstrates the technical correction is now ready to consolidate above and psychological level 1.2500. In June, retail sales rose by 3.8%, the highest in the last three months. Such dynamics indicates good growth in the UK's GDP. However, the high political risks will not allow the pound to demonstrate strong growth of quotations. Investors buy a pound with an eye on the application the main candidates for the post of prime minister, who oppose Britain agreements and ES by BREXIT.
GBP / USD recommendation: Buy 1.2523 / 1.2506 and ta ! Ke profit 1.2578
Dollar against the yen forex forecast today USDJPY 19.07.2019
US investment banks from Wall Street are pushing the idea that D. Trump discusses with his entourage currency interventions to weaken the US dollar. These headers are now increasingly found in the financial media. Could this be true? In my opinion, it is unlikely. First, the intervention against the dollar were in the mid-1980s, but then the US Treasury acted in concert with the central banks of G-8. Now no one has expressed a desire to help States, on the other hand, all ready to devalue its currency to boost exports. Early this morning a report was published on inflation in Japan in June. Figure was 0.7% g / g - similar value was in June 2018 year. Let me remind you that the purpose of the Bank of Japan's rate of inflation at around 2%. Time goes by, and the goal is not met. The Japanese central bank may join their colleagues from the Asia-Pacific region, and to the decline in interest rates. This is negative for the yen and positive for the stock #NIKKEI index, which aims to increase to 21616.
USD / JPY recommendation: Buy 107.30 / 107.10 and ta ! Ke profit 107.70