The euro \ usd forex forecast for EURUSD pair today 08/19/2019
The euro is now a major underdog of the currency market, and all because of the ECB meeting will be held in September before the Fed meeting. From both central banks, investors are waiting for lower interest rates, but the ECB could go further by launching a program of buying bonds, which has the abbreviation QE. The fact that the regulator is ready to take such measures at the end of last week, said one of the most authoritative representatives of O. Rehn ECB. Reduced rates and QE are always in the past called currency sales. Here, the sales fall euros. The downward trend will reverse after the US Federal Reserve meeting, which is scheduled for September 18th. In this case, such periods are always observed the growth of stock markets. Thus, we will have a good upward trend on European indexes # DAX30 and # CAC40.
EURUSD recommendation: Sell 1.1105 / 1.1120, and take profit 1.1070
Pound \ usd forex forecast pair GBPUSD today 19/08/2019
The British pound is in high demand among investors in the background of positive dynamics of the debt market, where the yield spread UK / US government bonds demonstrates the highest growth over the past ten months. Investors expect two interest rate cuts FOMC, while the Bank of England, investors do not expect a decline in the coming months. This factor has led investors to buy the pound, which is now trading at two-year low against the dollar. Current levels are attractive for the "Long".
GBPUSD recommendation: Buy 1.2139 / 1.2121, and take profit 1.2197
Dollar \ yen forex forecast pair USDJPY today 19/08/2019
The leading stock indexes of the planet are beginning to show, though moderate, but all the same height, which has a positive effect on the cost of the USDJPY. This currency has the strongest correlation with the stock markets, as the Japanese yen is a funding currency for carry trade operations. In Japan, more than a decade there was a unique country situatsiya- currency takes place three times in the market in terms of trading and the Bank of Japan's rate is negative. In such circumstances, investors are actively occupied in yen and direct this capital on the stock markets. On the stock markets returned buyers now as the current levels of interest to open the "Long" on the background of the forthcoming stimulus from the ECB and the US Federal Reserve economy.
USDJPY recommendation: Buy 106.20 / 106.07 and take profit 106.78