Events that should pay attention today:
16:30 MSK. USA: Change of GDP for the quarter in Q3 (the previous value of 3.5%, 3.5% prediction).
The euro dollar forex trading forecast for EURUSD today 21/12/2018
At present, formed a mixed background. On the one hand, we can expect growth in the euro area at 1.1500. amid strong strengthening of gold. Between the precious metal and the European single currency there is a strong positive correlation, and "bullish" sentiment in the yellow metal will provide support for the euro. On the other hand, the yield on German 10-year government bonds is reduced in relation to their counterparts in the US and the UK, which may cause a rollback in the euro area 1.1400. News of the US GDP is likely to come at the level of the median forecasts, as this will be the final report, which rarely changed - for the market of the neutral factor.
EURUSD recommendation: flat 1.1400-1.1500.
Pound dollar forex forecast pair GBPUSD today 21/12/2018
Significant growth in retail sales in the UK is encouraging you forefront of investors. Initially, investors are counting on weaker results and now the middle of the market is a pleasant surprise. Retail trade is a good indicator of consumer activity and its growth indicates an increase in GDP, which traditionally supports the national currency. The credit market reacted to the news as quite positive: the yield on 10-year UK government bonds is increasing in relation to their counterparts in the US and Germany. However, the uncertainty surrounding Brexit not allow the pound today to show strong growth. On the eve of the Bank of England said that the political instability has a strong negative impact on the cost of bank financing, corporate bond yields.
GBPUSD recommendation: Buy 1.2640 / 1.2620, and take profit 1.2680.
The dollar yen pair USDJPY Fores forecast for today 12/21/2018
During trading, the pair Dollar Yen traders should open positions Buy. 10-year US and Japanese government bond yield differential debt market shows growth that will support the pair as market currencies and bonds have a strong correlation. The Bank of Japan reiterated the commitment to keep interest rates exceptionally low for an extended period. The head of the Central Bank Mr. Kuroda noted once again that now is very early to talk about a possible QE program reduction - that the program start in 2012 caused a significant drop in the yen to its major competitors. Many investors are counting on the fact that in 2019 the Bank of Japan will gradually reduce the program, which will cause the yen rise, but Mr. Kuroda has dispelled all the rumors and put an end to this matter. Member of the Board of the Central Bank Kataoka believes that the probability of inflation to the 2% is very low and the Central Bank should not even think about reducing the QE. For the USDJPY pair is "bullish" signal!
USDJPY recommendation: Buy 111.38 / 111.15 and take profit 112.00.