The euro \ forkes dollar EURUSD forecast today 22/08/2019
Today in the forex players in EURUSD should not expect sideways trading, as investors will wait for the outcome of the economic symposium in Jackson Hole. Tomorrow night will be the speech of the US Federal Reserve D. Powell, who will speak about monetary policy and the risks to economic growth. The futures market in Chicago is still indicating a decline in interest rates on the FOMC meeting on 18 September and 30 October. On the eve of the speaker, the head of the Federal Reserve Bank of Minneapolis N. Kashkari, who noted the need to reduce interest rates, recognizing the slowdown in the global economy. Commodity market is now also showing a sideways trend - investors are waiting for comments D. Powell.
EURUSD recommendation: flat 1.1050 -1.1130
Pound \ usd forex forecast GBPUSD today 22/08/2019
Today formed a moderately positive background for the pound. Firstly, in the credit market is experiencing growth in yield spread of government bonds the UK / US, which has traditionally supported the pound. British Prime Minister Boris Johnson holds talks with Merkel on BREXIT and states about the possibility of an agreement with the ES I recall that just a month ago, Johnson rejected the need for this agreement. Then there was the election campaign within the Conservative Party, and Johnson "played on the public." Having received the post of prime minister he started, though slowly, but still alter its position on BREXIT. Second, investors should wait for the continuation of the bullish trend on the oil market, which has a positive impact on quotations pound, due to strong direct correlation GBPUSD and #BRENT. The authorities of the Canadian province of Alberta, the main oil-producing region of the country, We decided to extend the measures to limit production to December 2020. Earlier restrictions were canceled from December 31, 2019. This is a positive factor for oil prices.
GBPUSD recommendation: Buy 1.2110 / 1.2095, and take profit 1.2175
Dollar \ yen forex forecast pair USDJPY today 22/08/2019
Chinese Foreign Ministry calls on Washington to compromise on the trade negotiations. Foreign Ministry spokesman Geng Shuang of China, expressing the hope that the parties will be able to "work out a solution that is acceptable to both parties and will be based on mutual respect." Let me remind you that the United States earlier postponed the imposition of duties on Chinese imports for three months and given a reprieve on sanctions against Chinese telecom Huawei. Thus, both sides start to think about how to complete a trade war that is positively perceived by investors in equity markets. This is a positive factor for the USDJPY, as the pair is strongly correlated with the stock indexes.
USDJPY recommendation: Buy 106.33 / 106.15 and take profit 106.86
FreshForex analyst and forecast