Euro to dollar forecast today EURUSD pair on 30/09/2019
The EURUSD pair is observed contradictory situation. On the one hand, the possible growth of the euro, as in the United States today completed fiscal year and US banks via the Fed could "clean up all of their problems." Now the demand for dollars in the US banking system will not be as high as it was in the past week and a half. On the other hand, the ECB's chief economist Philip Lail said that the central bank is ready to increase stimulus measures to fight deflation. In his opinion the launch QE program from November 1, in the amount of 20 billion. Euro is a small step, and you can increase this program. For the euro is negative news.
EURUSD recommendation: flat 1.0895 -1.0965
Pound to dollar forecast today GBPUSD pair on 09/30/2019
On the last trading week, the pound suffered a crushing defeat on the dollar and now can see no reason to change the trend. Firstly, in the British Parliament there is no unanimity regarding BREXIT project. B. Johnson seems to be promised to rectify the situation, but so far we are not seeing results. Secondly, published last Friday, statistics from the United States for personal consumption expenditures indicates that the Fed may no longer lower interest rates in the fourth quarter. Core PCE Price Index reached the level of 1.8%, the highest in the past seven months. This factor will support the US dollar.
GBPUSD recommendation: Sell 1.2310 / 1.2333, and take profit 1.2259
Dollar Yen USDJPY outlook today on 09.30.2019
Course of trade is determined by the dynamics of the stock markets, which so far reigns moderate pessimism. Apparently, investors are waiting for the completion of the United States fiscal year to tomorrow quietly start buying stocks. Today no important macroeconomic statistics is expected during the day and expect a sideways trend in the currency pair. Overall, this week will be rich in events and will be the culmination of a Friday report on Non-Farm.
USDJPY recommendation: Buy 107.69 / 107.50 and take profit 107.95