euro dollar forex trading forecast for EURUSD today 05/24/2019
The negative macroeconomic statistics from the United States Sales of new buildings in April changed the vector of sentiment in the futures market in Chicago - now the expectation of many investors reduce FOMC rate than December, and at the September meeting. According to the market already in less than 4 months of the US central bank cut rates by 0.25%. Against this background, we see the depreciation of the US dollar against major competitors. On Thursday, the dollar rose in price only to the currencies of emerging markets, but also here in the near future can be expected to change the trend. The yield on US 10-year government bonds went into a steep dive, and against this background, investors are beginning to close the "Long" in the dollar. But deluded buyers euro clearly not worth it now on the eve of the ECB published a report of its last meeting, which he recognized the weakness of the European economy and have the willingness to take action, if necessary. Thus, we have a weakness, as in the States and in the euro area.
EUR / USD recommendation: Buy 1.1167 / 1.1143, and take profit 1.1218
Pound Dollar GBPUSD forex forecast for today 24/05/2019
In the midst of the European session will be published on the release of the retail sales of the United Kingdom in April, which may please investors positive data. This report was to be published on Thursday, but the National Office of Statistics underwent publication date. The retail price index in April rose by 3% on an annualized basis, which indicates an increase in consumer demand. The growth of wages in Britain shows stable growth, which in turn contributes to an increase in consumer spending.
BREXIT new project will be announced only at the beginning of June. Initially, consideration of the draft was to be held today, but authorities said the postponement of the deadline. To pound is a neutral factor. In general, the British currency can now demonstrate moderate growth of quotations on the background of continuing technical correction. Ahead of the weekend, and investors will be closing "shorts."
GBP / USD recommendation: Buy 1.2640 / 1.2620, and take profit 1.2705
Dollar yen USDJPY Forex forecast for today 24/05/2019
On Thursday, there was a strong price decline in the US stock market, which contributed to sales in this currency pair, since there is a strong correlation between the instruments. Last week, when the market has fallen dramatically, J. Trump immediately tweeted messages of readiness to meet with the leader of China in the G-20 summit in June. The US president also pointed to the small shopping contradictions. These two tweets investors was enough to demonstrate the three-day growth of quotations. Now J. Trump is silent, and the S & P500 is near the psychological level of 2800 n. If today Trump to write something positive, investors will quickly close the "shorts" that will cause a technical upward correction as the index, and the pair USDJPY. Can Trump do it? Chances as always 50/50. That in this connection, we can do the usual traders? We can only just watch twitter J. Trump. Who have not yet subscribed to the channel it is possible to do this today.
USD / JPY recommendation: flat 109.25 -110.00