Forex prognozpogody February 19, 2018
China and the US - bank holiday.
The euro dollar EUR / USD forecast for 02/19/2018
Today, traders on the EUR / USD currency trading market is worth waiting for a moderate decline in the euro quotations, as US banks are closed today due to the holiday. Debt market indicates high interest in respect of US assets - the yield spread of German and US 10-year bond is reduced, which plays into the hands of "bears". States continue to please the traders of positive macroeconomic statistics. Friday's data on the construction sector indicate a high consumer activity. The number of new foundations bookmarks in January increased by 7.28 yoy and reached the highest level since October 2016.
EUR / USD recommendation: Sell 1,2420 / 1,2440 and take profit 1,2370.
Pound Dollar forecast GBP / USD on 19/02/2018
Player pound against the American short-term growth should be used to open a Sell position. Retail sales in the UK report, which was released on Friday disappointed investors weak data. Growth rate slowed down by 0.8% compared with January 2017 year, with investors expected growth by 0.1%. Now, British banks are not so optimistic about the rapid rise in interest rates by the Bank of England. The United States on the other hand, a strong publishing statistics which indicates that this year the Fed could four times to raise interest rates. Against this background, the credit markets observed a strong decrease in the yield on 10-year UK government bonds relative to their counterparts in the United States and Germany, which is a negative factor for the pound.
GBP / USD recommendation: Sell 1,4030 / 1,4050 and take profit 1,3969.
Dollar yen forecast USD / JPY on 02/19/2018
China and America today are resting on this background, should not expect a quiet trading. USD / JPY The pair is highly correlated with stock indices, but today the stock markets will be sideways, as US investors are on a long weekend. Asian sites may show modest gains on Friday's positive statistics from the United States. The leaders of growth may again be South Korea's KOSPI index, which is associated with the growth of consumer spending against the background of the winter Olympic games.
USD / JPY recommendation: flat 106,30-107,10.
Company analyst FreshForex