The euro \ dollar Fores EURUSD forecast today 23/11/2018
Forex players in EURUSD today are two reasons to wait for growth in the euro area at 1.1475.
First, before it became known that the inspirer of trade wars, J. Trump adviser to Mr. Navarro will not participate in the G-20 summit. This is a signal that the trade war between the US and China may stop 1 December. This is partly confirmed by the US president himself, who said on Thursday that "China wants a deal. If we can make a deal, we will proceed." For the euro is a positive signal!
Second, the commodity market, we see demand for metals, which is also positive for the euro. The upward trend can be expected in oil as Saudi Arabia this week, several times declared that it was ready to cut production of black gold. It can not be avoided, and another interesting fact - the largest bank in the world, JP Morgan cut its forecast for oil. When in May, oil was close to the mark of $ 80 / barrel, the JP Morgan shouted about the level of $ 100 / barrel. As we remember, the price then dropped to 70.00, and was in the area for months. Now JP became pessimistic and look down. It turns out we expect the market to turn up.
EURUSD recommendation: Buy 1,1409 / 1,1385 and take profit 1,1475.
Pound dollar forex forecast GBPUSD today 23/11/2018
Bloomberg On the eve of the market blew up news of his agreement UK and ES by Brexit project. A little later, a spokesman for ES Margaret Shinas Twitter confirmed this information: "The European Commission has approved a political declaration on the future relations between the EU and the UK." The British currency for a few days received strong support, as it is for Brexit fears contributed to sell-pound. Who is the main "driver" of growth of sterling prices.
GBPUSD recommendation: Buy 1,2870 / 1,2850 and take profit 1,2945.
Dollar yen forex forecast USDJPY today 11/23/2018
In the Asian session, we should expect calm trading around the psychological level of 113.00, because in Japan today financial markets are closed. Further worth waiting for the growth of quotations pair USDJPY, because you can count on an upward trend in the European and US stock markets. Today, in many countries of the world will pass the so-called "Black Friday" - the period of discounts in shops. Because in the last month in the world has fallen significantly the cost of oil, the gasoline prices also showed a decline. In this regard, consumers were saved money by buying fuel - now these funds can be spent in the "Black Friday". For the stock market - a positive signal! USDJPY since the pair has a strong correlation with the equity markets, it is also now possible to wait for the growth of quotations.
USDJPY recommendation: Buy 112,79 / 112,60 and take profit 113,20.