18.30 MSK. US data on crude oil inventories from the Energy Department.
22.00 MSK. USA: Publication of minutes of the Fed
The euro dollar forex trading forecast for EURUSD today 11/20/2019
There are several factors that influence the course of trading. First - this is a positive dynamics of the credit market, where the yield on 10-year government bonds in Germany is growing in relation to their counterparts in the US and the UK, which will support the euro. Secondly, we should pay attention to the dynamics of the market of precious metals, gold and silver, where growth is observed, which is also positive for the euro, as the metals and the single European currency is correlated with each other. The third factor - is the publication of the minutes of the last meeting of the US Federal Reserve, which the regulator will declare that there is no need to further cut interest rates. This is a positive signal for the dollar. What we have in the dry residue? In the European session, the euro should expect growth of quotations,
EURUSD recommendation: Buy 1.1065 / 1.1050, and take profit 1.1090
Pound Dollar forex GBPUSD outlook today 11/20/2019
Current levels are attractive to open a Buy position. First, the yield spread on 10-year UK and US government bonds demonstrates the growth of the last three days, which indicates that investors' optimism in relation to the British currency. Boris Johnson holds successful talks with both colleagues of the Conservative Party, and opposition leaders, thereby strengthening its political credibility before the final negotiations with the European Union on BREXIT, which will be held in early 2020. Secondly, on the eve of the speaker, the head of the Federal Reserve Bank of New York Williams, who said that the likelihood of interest rate cuts in SSHSHA higher than the probability of their increase. Recall that it was the Reserve Bank of New York holds purchase of assets in the market and is an important link in the Federal Reserve System. Thus, we get a clear signal on what that interest rates in the United States will not grow in the coming months. This is a negative signal for the dollar and positive for its competitors!
GBPUSD recommendation: Buy 1.2898 / 1.2875, and take profit 1.2961
dollvr course yen forex forecast USDJPY today 11/20/2019
USDJPY correlation with the US stock market is still strong. That now makes the US stock market and what to expect in the coming days? The market is growing, and in the IT-technology sector, which is included in the Nasdaq. Also show a good momentum of the company's small and medium-sized businesses from the index Russell 2000. Why is this important? Us this week, journalists from CNBC scared issues in trade negotiations the US and China. If this is indeed true, then this negativity will win back the first company from the Nasdaq and the Russell 2000, but in fact we see a completely different reaction. Donald Trump said yesterday that: "China is going to sign an agreement, which I like. If we do not make a deal with China, I will raise even more taxes. " I would in this speech paid attention to these words: "the agreement, I like that. " Previously, he said simply - "negotiations are going well." Now the rhetoric has changed, and changed it for the better. Thus, we can expect to sign an agreement in December. Why December? The next week in the United States a long weekend on the occasion of Thanksgiving, and after the weekend can already be expected to meet the leaders of the US and China. This is a positive signal for the US stock market, which will have a positive impact on a pair USDJPY.
USDJPY recommendation: Buy 108.34 / 108.20 and take profit 108.87