Euro dollar Forex EURUSD forecast for today 21/05/2019
Today in currency trading forekc pair EUR / USD is able to demonstrate growth on the background of positive dynamics of credit and commodity market. Yield spread of German and US 10-year bonds demonstrates the growth, it is positive for the euro quotations. Product market demand is observed in gold and silver, it is also a good signal for the currency of the Old World, as between the instruments there is a direct correlation of more than a dozen years. Do not leave without attention and the situation on the oil market, where the black gold can demonstrate strong growth of quotations that will have a positive impact on the value of the euro. Russia and Saudi Arabia discussed the two main scenarios for the June meeting of OPEC + and both require an increase in production, but production growth rate of the second half of 2019 will be moderate, within 0.8 million. Barrels. day. OPEC leaders + do not want to sharply increase production to cause a collapse in oil prices. Overall, this is a positive signal for the oil market.
EUR / USD recommendation: Buy 1.1145 / 1.1130, and take profit 1.1188
Gbp usd forex forecast pair GBPUSD today 05/21/2019
British Prime Minister T. Mae prepares for the opposition BREXIT new project and looks forward to the positive verdict of the Labor Party. Labor itself is not so optimistic and say that the prime minister is little chance to surprise them. The vagaries of the British establishment and continued, apparently, this story is not an explicit one day, as before at the date of BREXIT is still five months. During this time, can swear a hundred times, and the same time to make friends. Authoritative British media in one voice over the past two weeks suggest that T. Mae everyone is sick, and the British parliamentarians crave her resignation. Investors are not eager to actively buy British assets, even despite the fact that the quotes fell dramatically in the last ten trading days and the current levels can be attractive to open Buy positions. In my opinion,
GBP / USD recommendation: flat 1.2690 -1.2770
Dollar Yen forex forecast pair USDJPY today 21/05/2019
The course of trading will depend on the dynamics of stock markets, where the situation is extremely complicated. On the one hand, we have received positive statistics from Japan, where GDP growth was recorded in the first quarter by 2.1%, which significantly exceeded the expectations of investors who were waiting for reducing the index! Why is the final figure came too optimistic? It's all about a significant increase in government spending - government stimulates the economy. And apparently these incentives will continue throughout the year. This is a good signal for the Asian stock exchanges. On the other hand, the trade war declared D.Tramp Huawei Technologies company. If China responds similar measures, the US side will fall under the distribution of Apple and NVIDIA Corporation. Against this backdrop, US stock market could once again demonstrate the decline.
USD / JPY recommendation: flat 109.70 -110.50