The euro dollar forex forecast pair EUR / USD today 20/09/2018
At present, formed a mixed background. On the one hand, it is possible to expect reduction of quotations on the background of the negative dynamics of the credit markets, where yields on 10-year German government bonds falls in relation to their counterparts in the US and UK. For the euro is a bad signal! On the other hand, the commodity market continues upward trend that can support the single European currency, due to its correlation with the metals and energy. Important news today is not expected, and it is difficult to understand which of the two factors will have a decisive influence on the course of trading.
EURUSD recommendation: flat 1,1620-1,1720.
Pound dollar forex forecast pair GBP / USD today 09/20/2018
GBPUSD - Buy position for two reasons.
The first reason, the United Kingdom on the eve of investors were pleased with the positive report on inflation for August-index rose to 2.7%, which significantly exceeded the expectations of investors. Now on the market rumors about when the Bank of England will raise interest rates. Against this backdrop, the yield on 10-year UK government bonds showed an increase relative to their counterparts in the United States and Germany, which will provide support to the pound.
The second reason, it is necessary to wait for rising oil prices to $ 80 / barrel for Brent grade, it will support the British, because of the direct correlation of the two instruments. US Department of Energy has reported on the eve of the reduction of oil stocks by 2 million. Barrels. and gasoline inventories to 1.71 million. barrels. For the market of black gold is a positive signal!
GBP / USD recommendation: Buy 1,3125 / 1,3105 and take profit 1,3180.
Forex forecast pair USD JPY USD / JPY today 20/09/2018
Forex traders today is to buy USD / JPY pair, based on the continuation of the uptrend. Two growth factors can be identified. First, the upward trend in the stock markets. Investors are actively buying shares of European, Asian and American companies, which is positive for the pair USD / JPY, as between the instruments there is a strong historical relationship.
Second, the growth yield spread of US and Japanese 10-year bonds. The yield on US securities confidently entrenched over the psychological level of 3% - for a dollar is a strong buy signal!
USDJPY recommendation: Buy 112,10 / 111,85 and take profit 112,60.
Analyst and forex forecast FreshForex