The euro dollar forex trading forecast for EURUSD today 05/30/2019
Investors from France and Germany now have a rest, and on this background, in the first half of the day we should expect calm trading. In general, the euro is now formed a negative background. Problems of the Italian public debt and low inflation make the ECB more and more talk about the need for a new QE program. The last program of QE, which was launched in 2015, has caused a strong decline in the value of the single European currency. In the afternoon, the United States will publish the release on crude oil inventories. Preliminary Bloomberg data show a decrease in reserves of black gold and gasoline - with this opinion can accept as the number of drilling rigs declining in North America, which signals the decline in business activity in the oil and gas sector. What we have in the dry residue? in the euro auction will be held in a sideways trend against the background of low trading volumes and oil price growth can be expected in the area of 70.00.
EUR / USD recommendation: flat 1.1110 -1.1180
Pound Dollar GBPUSD forex forecast for today 30/05/2019
Speculations on BREXIT only gaining momentum. Some candidates for the post of the leader of the Conservative Party strongly suggests the need for an early exit from the UK, ES without a deal with Brussels. The Prime Minister of Ireland, announced a possible postponement BREXIT. According to L. Varadkara Brussels is ready to once again "move" BREXIT date. This situation is reminiscent of "soap opera". What we have in the dry residue? After the press conference, the Irish prime minister in the bond market the yield on 10-year bonds the UK showed an increase relative to their counterparts in the US and Germany. To pound is a positive signal. British currency is now interested in buying low 1.2604 last week.
GBP / USD recommendation: Buy 1.2604 / 1.2585, and take profit 1.2674
Dollar yen USDJPY Forex forecast for today 30/05/2019
The futures market in Chicago indicates a depreciation of the US Fed meeting on September 18th. This is a bad signal for the dollar, but the pair USDJPY, which has a strong correlation with the equity markets may show growth. US Federal Reserve is the central bank №1 in the world and the reduction of interest rates has a positive effect on stock returns. Just last week, investors are waiting for FOMC rate reduction at a meeting on December 11, but now the vector has changed. Investors began to buy shares in emerging markets - we see the demand in Russian, Turkish, Brazilian papers. Emerging markets have traditionally show a higher yield while reducing the FED rates.
USD / JPY recommendation: Buy 109.54 / 109.23 and take profit 109.98