The euro dollar forex trading forecast for EURUSD today 05/28/2019
Output in the UK and the US ended, and today forex players waiting for a surge in volatility in the market. Traders should expect an increase in EUR / USD for three reasons.
First, there is a good demand in the shares of the largest European banks - paper Credit Agricole, BNP Paribas, Deutsche Bank demonstrated the dynamics better than the market, which traditionally has a positive effect on the value of the euro.
Second, the American statistics on the index of consumer confidence will probably not be able to please investors strong data as J. Trump refused to conclude a trade agreement with China earlier this month. Data output at the median forecast is neutral for the EUR.
Third, the oil market is showing an upward trend, which is also a positive impact on quotations EURUSD, in view of the direct correlation of the two instruments. Reducing drilling platform in the US indicates a slowdown in activity in the shale deposits, which is a positive factor for oil prices.
EUR / USD recommendation: Buy 1.1170 / 1.1150, and take profit 1.1222.
Pound dollar forex forecast GBPUSD 28.05.2019
Traders in the GBP / USD pair today expect good and bad news for the pound. British support can now rising in price of oil, which has a historical correlation pound. BRENT this week could test the psychological level of $ 70 / barrel, a decline in drilling activity in the US, geopolitical tensions in the Persian Gulf and to reduce the supply of Russian black gold on the oil pipeline "Druzhba". The bad news - it is the growth of the party's popularity BREXIT, which not so long ago appeared in Britain and steadily gaining "political points". The leaders of this faction in favor of a quick exit from the ES
GBP / USD recommendation: flat 1.2640 -1.2710
Dollar yen USDJPY Forex forecast for today 28/05/2019
Investors' attention is drawn to the US summit - Japan. D. Trump announced the possibility of concluding a trade deal with Tokyo after the parliamentary elections that will be held in the summer in Japan. The US president does not want to hurry up and act cautiously. For the stock market is moderately positive signal that will have little support USDJPY, because of the direct correlation of these instruments. Now while there is no reason for the rapid growth of stock markets and in this regard, it is difficult to talk about the strong trend in the currency pair.
USDJPY recommendation: Buy 109.42 / 109.25 and take profit 109.84