Forex forecast EURUSD euro against the dollar today 05.03.2020
Today is not expected important macroeconomic statistics, and the bidding will be determined by the dynamics of debt and commodity markets. In the debt market, the yield spread of 10-letnizh government bonds in Germany / US shows moderate decline, indicating that the correction in the euro. The single European currency rose by 436 points and overdue technical correction. In the commodity market is experiencing a decline in interest in gold as a defensive asset. This week, just three of the Central Bank of the G-20 countries have reduced interest rates: the US Federal Reserve and Bank of Canada 0.5%, while Bank of Australia 0.25%. Soft monetary policy contributes to the inflow of capital in the equity markets and capital outflows from precious metals. For the euro is also a negative signal because the market there yl correlation between the euro and gold.
EURUSD recommendation: Sell 1.1145 / 1.1160, and take profit 1.1115.