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Main » 2019 » February » 28 » Forex forecast and recommendations today 28.02.2019: EUR / USD - two reasons to buy, GBP / USD - continued growth, USD / JPY - Strong demand
Forex forecast and recommendations today 28.02.2019: EUR / USD - two reasons to buy, GBP / USD - continued growth, USD / JPY - Strong demand

Events today:

16:30 MSK. USA: Change in GDP for the quarter.


The euro dollar forex EURUSD forecast for today 28/02/2019

EUR / USD today - Forex traders are two reasons to buy the euro.

The first reason, today States may disappoint investors weak GDP data for the fourth quarter. Economic growth in the United States traditionally shows strong growth in the second and third quarters, and then in the period from October to December, there was a decline. Who is against good data and the Federal Reserve plays a factor, which in the past year, four times to raise interest rates, which had a negative impact on many sectors of the economy. EURUSD for a positive signal!

The second reason, "bull rally" in the oil market will provide additional support for the single European currency, due to the direct correlation EURUSD and BRENT. On the eve of the Minister of Energy of Saudi Arabia, said the need to extend the OPEC agreement + to the second half of the year, as US crude stocks rose and the need to bring this process to balance. For oil quotes is good news - the black gold is set to test the level of 68.44 $ / barrel.

EURUSD recommendation: Buy 1.1360 / 1.1340, and take profit 1.1420





Pound Dollar GBPUSD forex forecast for today 02/28/2019

On the debt market, investors are watching the steady growth of profitability of British 10-year bonds to the German and American securities, etopodderzhit Briton quotes for trading. French President Emmanuel Macron, and German Chancellor Angela Merkel declared that they would not object to a postponement Brexit - for the British currency is a positive signal, since it is these two countries in recent months has blocked the initiative T. Mae. Now the situation has changed and investors change their attitude towards the British currency. We are seeing a strong upward trend for the pound.


GBPUSD recommendation: Buy 1.3275 / 1.3250, and take profit 1.3340




The dollar yen pair USDJPY Forex forecast for today 02/28/2019

USDJPY pair today in currency trading to support the high demand for risky assets. Investors are buying oil, copper and stocks in the US market, which has traditionally been a "bullish" signal for USDJPY, as the Japanese yen used investment funds as a funding currency in carry trade operations. Capital is now running out of safe assets such as gold, yen, Swiss franc and sent to risky assets as FOMC has no plans to raise interest rates, and a trade war the United States and China, to all appearances, will be completed in March, signing a peace treaty.

USDJPY recommendation: Buy 110.85 / 110.60 and take profit 111.40




Analytics FreshForex



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