Forex euro \ dollar EURUSD forecast today 19/11/2018
Euro finished the last five days good growth of quotations, and now should not expect a continuation of the uptrend. The first reason for the growth of quotations - is the growth of yield spread of 10-year government bonds in Germany and the United States. Debt market traditionally has a strong influence on the course of trading on Forex. The second reason for the Buy position on the euro - is a strong demand for currencies of emerging markets, which have a direct correlation with the single European currency. The last two trading days, we observed the growth of the Brazilian real, the Russian ruble, the Turkish lira, the Argentine peso. The third reason for the growth of the euro - a continuation of the upward trend in the market of black gold, as OPEC + 7 December can agree on reducing production by 1 million barrels / day, which will cause the growth of oil prices and will provide support to the euro, because of the direct correlation of EUR / USD and.. brent.
EURUSD recommendation: Buy 1,1390 / 1,1370 and take profit 1,1450.
Forex Pound Dollar exchange rate forecast for GBPUSD pair today 11/19/2018
The currency pair GBP / USD is now high uncertainty. Government crisis caused by the project on Brexit agreement could lead to the resignation of T. Mae as Prime Minister of Great Britain. May party members form coalitions to shift the prime minister from office. The vote of no confidence in the leader of the Conservative Party will take place tomorrow. Now it is the policy determines the course of trading in the currency pair and the news coming from the United Kingdom is extremely contradictory. We get a portion of the positive news and the pound is growing at 150 n., We get a barrage of negativity and the pound falls also 150 n. Probably, today, and tomorrow is better to refrain from active trading in this currency pair to clarify the situation. Today we have other currencies to be traded. For example,
GBP / USD recommendation: flat 1,2780-1,2880.
Dollar Yen forex forecast USDJPY today 19/11/2018
Buy USDJPY for two reasons. First, the world's leading stock markets optimism there that will support the USD / JPY due to its direct correlation with stock indices. Secondly, according to the CFTC large speculators increased sales of the Japanese yen, which also confirms the upward trend in the pair. However, neutral credit market dynamics, where the yield spread on 10-year US and Japanese government bonds hardly changed, will not allow the pair to show strong growth during the day.
USDJPY recommendation: Buy 112,70 / 112,50 and take profit 113,53.