Forex EURUSD forecast for today 28/01/2020 Pause before Fed meeting
Today, investors may refrain from active trading, as they will take a wait and see attitude before tomorrow's meeting of the US Federal Reserve. Federal Reserve tomorrow night will announce the results of its first meeting in 2020. Investors do not expect a decline in interest rates, as it did in the period from July to October 2019, however, expect the monetary authorities' comments on the program of Treasury purchases US Treasury bills. On the debt market has also been observed interesting movements - the yield spread on 10-year German / US government bond trading almost unchanged.
EURUSD recommendation: flat 1.1000 - 1.1050
Forex GBPUSD forecast for today 28/01/2020 Fear Index is at the extreme values
British pound in the last few days trying to grow on the positive macroeconomic statistics, but the fears around Chinese coronavirus does not allow the pound to show its full potential. If you look at the dynamics of the index of fear for the Eurozone and North America, it can be concluded that the financial markets are too heavily oversold and ripe for at least a technical correction, as well as a maximum of a trend reversal. Indices of fear is on the extreme values, after which there is a change of trend. Against this background, we can expect growth of the British pound today quotes.
GBPUSD recommendation: Buy 1.3045 / 1.303 0 and take profit 1.3084
Forecast USDJPY pair for today 28/01/2020
In recent days, the market is actively discussing Chinese coronavirus, which was ill 5000 order. The media write about every day new cases indicate the seriousness of the problem. The Chinese authorities are quick to react to the consequences of the epidemic and the percentage of deaths is now three times lower than during coronavirus 2002. On the one hand, it facilitates an epidemic of sales on stock markets, which is negative for the currency pair. On the other hand, the Chinese central bank in February / March can begin to stimulate the economy, to smooth the negative impact of the epidemic. Many investment banks are now actively discussing such a scenario. Against this backdrop, equity markets will go into growth, and together with them and the currency pair USDJPY. There is only one question: when will it? Right now, For markets corrected and the current levels are attractive for Buy positions. Either there will be another period of decline, and then we will see a reversal. What we have in the dry residue? Kratskorsochno (1-2 days), the situation is not entirely clear, medium-term (2-3 weeks), you can open positions Buy.
USDJPY recommendation: flat 108.7 8 -109.33