Thursday, 04.06.2020, 00:42
Free no deposit Bonus Forex
Welcome Guest | RSS
Site menu
Our poll
Rate my site
Total of answers: 40
Statistics

Total online: 1
Guests: 1
Users: 0

09:12
Forex forecast and recommendations today 04.24.2020

article35933.jpg

Events today:

15.30 Moscow time USA: March change in volume of orders for durable goods.


EURUSD Forex pair forecast today 04/24/2020


The positive situation in the interbank lending market indicates the development of an uptrend in the EURUSD pair. In London, there is a trend towards lower interest rates on loans in dollars and an increase in interest rates on loans in euros. In New York, for the last three days at the REPO auctions, the Federal Reserve received applications from commercial banks in the amount of $ 0.8 billion, which is the minimum level for the last 4 weeks. This trend indicates the absence of problems with dollar liquidity in the banking system, which will contribute to lower quotes of the American currency. The rally in gold will provide additional support for the euro, as the European currency and precious metal correlate with each other.


EURUSD recommendation: Buy 1.0755 / 1.0730 and take profit 1.0820

 

 

 

 

GBPUSD forecast today 04/24/2020
 

Increased demand for risky assets will positively affect the value of the British currency. Investors are now actively buying up energy, precious and industrial metals, stocks around the world. During such periods, the British pound “feels like a fish in water”. This afternoon, macroeconomic statistics on durable goods orders will be published in the United States. Of course, the statistics will turn out bad, maybe even terrible, but now investors pay little attention to this, since everyone is waiting for the removal of quarantines due to the COVID-19 epidemic. When quarantines are canceled, statistics will be good. The market always lives with future expectations, and not current statistics.


GBPUSD recommendation: Buy 1.2306 / 1.2275 and take profit 1.2359

 

 

USDJPY forecast dollar yen rate today 04/24/2020


Today, Forex players in the USDJPY pair have two reasons to sell the pair. First, the debt market shows a decrease in the yield spread of 10-year US / Japanese government bonds, which is a signal of a decrease in quotations. Second, the USDJPY pair has historically strongly correlated with gold prices, while the precious metal is showing a good uptrend this week. Gold is trading near an eight-year high and updating this extreme is just a matter of time.


USDJPY recommendation: Sell 107.85 / 108.15 and take profit 107.25

 

 

FreshForex analytics

 

Do not miss: We make money at home as a trading adviser

 

 

 

Views: 28 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Sign Up | Log In ]
Log In
Search
Calendar
«  April 2020  »
SuMoTuWeThFrSa
   1234
567891011
12131415161718
19202122232425
2627282930
Entries archive
Site friends
Copyright Bonus-FX.com © 2020-2012Website builderuCoz