12.00 MSK. Germany: Indicator conditions of the business environment from IFO
The euro dollar forex trading forecast for EURUSD today 01/25/2019
On the eve of the euro, Mario Draghi sent a knockout, and stock markets supported. Overall, yesterday's ECB meeting was held in line with our expectations. What is the trend today, we will have the euro? Will we see another drop? I think not. All negativity is already priced in. There are positive factors in the speech of the ECB. For example, Mario Draghi said that to carry out a new QE is no sense in the future for this must be a good reason. This means that the ECB expects inflation to restore growth and the economy in one or two quarters. In the coming months, the central bank expects inflation to decline. Additional support for the euro may now have black gold, where the background of unrest in Venezuela, investors will build the "Long" waiting for a possible disruption of oil supplies from this Latin American country. In the midst of the European session we will get the statistics from Germany, where the IFO index will be published. This indicator is closely correlated with the PMI Markit, who the day before was better than the median forecast, an increase to 52.1%.
EURUSD recommendation: Buy 1.1300 / 1.1280, and take profit 1.1345
Pound dollar forex forecast pair GBPUSD today 01/25/2019
Players pair GBPUSD today awaits a positive in the forex market.
First, the profitability of British 10-year bonds rising to US and German securities, it strongly supports the pound.
Second, the continued upward trend in the oil market as a positive impact on the value of the pound, because of the direct correlation GBPUSD and BRENT. The oil market will show growth against the backdrop of slowing activity shale in the United States. These past two months, the company did not issue bonds - it is through debt securities "slantseviki" financed the growth of hydrocarbon production. Bond yields are high and companies are not profitable to borrow. Accordingly, we do not expect from them this activity, which was in 2018.
GBPUSD recommendation: Buy 1.3090 / 1.3070, and take profit 1.3148
Dollar yen USDJPY Forex forecast for today 01/25/2018
The course of trading in the pair continues to depend on the situation on the US stock market, which seems to have stopped in front of the US and China trade talks, to be held in Washington on 30-31 January. Calm before the storm apparently. In what direction will the storm? I think that the market will show strong growth. The two sides can reach a consensus, which is so necessary to everyone, especially D. Trump, who considers it his duty to ensure the growth of US stocks. In 2018 Trump interfere with the Fed, which raised interest rates. Now the central bank stepped aside, and now share growth depends entirely on the US president. As soon as the S & P500 will begin to grow, so soon it will affect the cost of a pair of USDJPY, which also will go to growth. Keep abreast of - growth may begin at any time, including before the start of trade negotiations.
USDJPY recommendation: Buy 109.69 / 109.50 and take profit 110.27