The euro dollar EURUSD forecast for today 21/01/2019
At the end of last week, an interesting release on the balance of payments was published. It is the balance of payments is the main tool that generates a medium-term trends in the currency market. In November, the rate in the euro area amounted to 20.3 billion euros against 35.5 billion euros a year earlier. Of this amount, 15.1 billion accounted for net exports and 5.2 billion on capital inflows. In November 2017, net exports and capital inflows accounted for 20.2 and 15.3 billion euros respectively.Substantially reduced capital inflows into the European economy. What is the reason? In the first place with the growth of the US Federal Reserve interest rates - the capital went to the States in order to obtain higher yields. Since the Fed does not want in the first half of the year to raise interest rates, the capital is gradually running out of US assets,
EURUSD recommendation: Buy 1.1360 / 1.1340, and take profit 1.1440.
forex rate forecast Pound Dollar GBPUSD today 01/21/2019
During the day, we should expect the development of the side trend. On the one hand, the uncertainty surrounding the project does not allow Brexit pound confidently consolidate above the psychological level of 1.3000. On the other hand, demand for the shares of British banks may provide short-term support for the pound. The main growth in the United Kingdom is being held in the shares of Royal Bank of Scotland Group, who announced the redemption of its shares from the British government. Additional support for the pound may have oil quotes, where there is a steady upward trend.
GBPUSD recommendation: flat 1.2830-1.2900
Dollar Yen forex forecast pair USDJPY 21.01.2019
Low inflation in Japan at the end of December the Bank of Japan is not other choice but to continue to stimulate the economy in 2019. At the end of last year, a number of Asian banks began to announce a possible reduction in QE program by the Japanese central bank. Now the situation is cleared up. How will this affect the pair USDJPY? The stimulus causes a drop in the national currency - we can expect a continuation of the uptrend in this pair. It can not be avoided, and one more important piece of news - the US Ministry of Finance is actively discussing the abolition of duties on certain Chinese goods. For equity markets, this is a positive signal as the pair USDJPY, as it is strongly correlated with the stock markets.
USDJPY recommendation: Buy 109.45 / 109.25 and take profit 110.00.