The euro dollar forek EURUSD forecast for today 21/03/2019
US Federal Reserve presented the "bulls" pleasant surprise. First, the regulator has officially declared an unwillingness to raise interest rates this year. The central bank allows only one rate increase in 2020. FOMC lowered its forecasts for GDP and inflation for the current year. Second, the regulator expects to complete the sale of bonds in October, and then monthly for the amount of 20 billion. Dollars. It plans to buy government bonds. Small incentives will have a negative impact on the profitability of treasury bonds and cause capital flight from US assets. This is a bad signal for the US dollar. Investors are actively sell dollars and buy euros, gold, oil and stocks.
EURUSD recommendation: Buy 1.1420 / 1.1400, and take profit 1.1490
Pound Dollar GBPUSD forex forecast for today 21/03/2019
In the morning, the British pound could demonstrate the growth of quotations on the background of the flight of investors from the US dollar. FOMC on Wednesday evening sent the US currency in the knockout, stating the need for more wounded reduce bond sales program from its portfolio. The dollar is now falling as a developed market currencies (euro, pound, yen, Canadian) and the currencies of emerging markets (Brazilian real, the Mexican peso, Russian ruble). Additional support for the pound may have positive news from the UK on retail sales, as in the United Kingdom recorded an increase of average earnings.
With the opening of the US trading session, the Bank of England will announce the outcome of its meeting on monetary policy. Investors do not expect changes in interest rates, and the cost is no surprises, but the central bank may be noted ale risks economic growth against the backdrop of uncertainty about Brexit. This factor can cause profit-taking on the "Long" and rollback of quotations down. British Prime Minister Theresa May has asked the EU to move Brexit c 29 March to 30 June 2019, according to a letter which it sent on Wednesday in Brussels. The head of the European Commission Jean-Claude Juncker suggested May to complete the country's withdrawal from the Union before the elections to the European Parliament.
GBPUSD recommendation: Buy 1.3200 / 1.3180, and take profit 1.3260
Dollar yen USDJPY Forex forecast for today 21/03/2019
At present, formed a mixed background. On the one hand, it is possible to expect falling of quotations on the background of the flight of investors from the US dollar after the Fed meeting. D. Powell, speaking at a press conference, said the need to pause with regard to raising interest rates. On the other hand, the new policy FOMC may cause a good upward trend on the stock markets, which in turn will support the pair, as the Japanese yen is a funding currency №1 in carry trade operations. Now it is difficult to understand which of the two factors will have a decisive influence on the course of trading.
USDJPY recommendation: flat 110.00-111.00