Eur usd forex forecast for EURUSD today 22/05/2019
At present, there are good and bad news for the euro. Of the good news. OECD raised its GDP growth forecast for the euro area as this and next year by 0.2%. According to the US forecast is also raised, but more modestly. Investment funds that had previously feared the prospects for the European economy, can now breathe easy and start moderate buy the single European currency, since the euro is now trading at two-year low and the current levels can be attractive for Buy positions. The bad news for the euro - a sell-off in gold, which the European single currency has a strong direct correlation. Investors sell the precious metal on the background of decline in geopolitical risks. Traders at the time forgot about the US trade disputes, and China, as Washington has made concessions to the company Huawei Technologies.
EURUSD recommendation: flat 1.1120-1.1200
Gbp usd forex forecast GBPUSD today 22/05/2019
British Pound in yesterday's forex trading showed an increase above the level of 1.28 against the background of rumors about a new referendum on BREXIT. When the rumors were denied by British politicians, the quotes quickly returned to the previous level. The pound is now demonstrating somersaults, and the bidding is solely dependent on the statements of politicians. Predict these events is absolutely not possible, if not to be an insider. And so difficult now to make an accurate prediction of the dynamics of the pound. If politicians make a number of optimistic statements and the pound is able to overcome the maximum 1.2813 yesterday, it is possible to open Buy positions, based on the growth of quotations in the area of 1.2864.
GBPUSD recommendation: Buy 1.2815 and take profit 1.2864
Dollar Yen USDJPY Forex forecast for today 05/22/2019
Traders in USDJPY long positions Buy for three reasons.
First, the growth of the yield spreads of US and Japanese 10-year bonds in the bond market, which has traditionally provided support for the "bulls".
Second, the Central Bank of Australia and China declared their readiness to continue the policy to stimulate the economy to maintain steady economic growth. The Australian regulator is willing to lower the rate in June to 0.25%, while Bank of China is ready to increase the volume of concessional lending for small and medium-sized businesses. The news is positive for the equity markets, with the USDJPY which has a positive correlation.
Third, the index of "fear" the VIX in the US stock market shows a decline that signals the growth of S & P500, which also have a positive impact on the price of the pair.
USDJPY recommendation: Buy 110.38 / 110.15 and take profit 110.84
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