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Main » 2019 » June » 20 » Forex forecast and recommendations today 20.06.2019: EUR / USD - the Fed is ready to cut rates
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Forex forecast and recommendations today 20.06.2019: EUR / USD - the Fed is ready to cut rates

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Events today:

09.30 MSK. Japan: Press Conference of the Bank of Japan.

14.00 MSK. United Kingdom: The decision on the basic interest rate of the Bank of England.

 

The euro dollar forex trading forecast for EURUSD today 06/20/2019
 

Fed expected to keep interest rates at the level of 2,25-2,5%, but 8 FOMC members expect to double reduction of interest rates in the second half of the year. Futures on a bet the Fed, which is traded on the stock exchange in Chicago, points to the 99% probability of a rate cut at the meeting on 31 July. 

 

 

 

 

 

Recall that at the beginning of the week, this figure stood at 80%. This is a bad signal for the US dollar and positive for the euro! Additional support for the single European currency will have an upward trend in the oil market, as between the EURUSD and BRENT observed a direct correlation. Black Gold shows the growth of quotations on the background of the reduction of hydrocarbon production in the United States.


EUR / USD recommendation: Buy 1.1220 / 1.1200, and take profit 1.1280.

 

FRESHFOREX analyst

 

 

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