Forex forecast on February 20, 2018
China - bank holiday.
13:00 MSK. Germany: Sentiment in the business environment of the ZEW Institute in February (the previous value of 20.4, forecast 16.5).
The euro dollar forecast EUR / USD at today 02/20/2018
Players on the Forex pair EUR / USD today waiting for a mixed background. On the one hand, traders can expect an increase in the euro area in the 1.2425 / 1.2440 on positive data from Germany. ZEW index shows a positive trend in the past few months and taking into account the acceleration of economic growth in the eurozone locomotive, can be expected to preserve the upward trend, which had a positive impact on the single currency. On the other hand, sales in the commodities market will support the greenback as commodity is quoted in dollars.
EUR / USD recommendation: flat 1,2340-1,2440.
Pound Dollar forecast GBP / USD today 02/20/2018
Today, the pair GBP / USD the course of bidding will determine the dynamics of the debt market. The US government bond market today began its work after the long weekend - increasing the yield ten-year bonds. Investors are waiting for the opening of the London session at 11.00 MSK. If the yield on ten-year securities differential UK / US will decline, the pair GBP / USD will come under pressure, and will test the area of 1.3915 / 1.3885. Otherwise, traders on the pound waiting for growth in the area of 1.4030 / 1.4045.
GBP / USD recommendation: flat 1,3915-1,4040.
Dollar yen forecast USD / JPY today 20/02/2018
Traders on the dollar yen pair - two reasons Buy.
The first reason, in the second half, investors can expect continued growth in the US stock market, which will have a positive impact on the couple, due to its strong correlation with the S & P500 index. Most corporate reports in the US come out better than the consensus forecast of economists, investment banks from Wall Street, which is a positive factor for the stock market. Corporations themselves continue to actively buy back shares from the market, which also supports quotes.
The second reason, the yield on 10-year US bonds rising to a Japanese paper, it is a positive for the dollar yen pair.
USD / JPY recommendation: Buy 106,73 / 106,55 and take profit 107,20.
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