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Main » 2020 » February » 12 » Forex forecast and recommendations today 12.02.2020: EUR / USD - Who will win the Fed or the ECB ?, GBP / USD - statement of Mark Carney
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Forex forecast and recommendations today 12.02.2020: EUR / USD - Who will win the Fed or the ECB ?, GBP / USD - statement of Mark Carney

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Events today:

18.30 MSK. US data on crude oil inventories from the Department of Energy


The forecast of the euro to the dollar EURUSD today 02/12/2020
 

On the eve of the US central bank acted and the Eurozone. Jerome Powell noted that inflation in one to two quarters closer to the level of 2%, which corresponds to the target Fed. Interest rates will be maintained at the same level as trade risks gradually leveled out, and the volume of purchases of Treasury bills will be reduced from 1 May. The head of the Federal Reserve said a strong labor market in the United States and the fact that corporations are willing to actively recruit staff without qualifications and train it, the earliest such a trend is not clear, because the business wanted to get immediately qualified personnel. Powell also called on Congressmen not to rely on lower interest rates and to focus on the change in fiscal policy to stimulate economic growth. About fiscal stimulus hour earlier Powell said the head of the ECB. Christine Lagarde urged European politicians to carefully study the possibility of stimulating the economy through fiscal policy, as the ECB zero rate does not help to achieve the inflation target. What of all this can be concluded? Rate decreases, no one wants, and all politicians are calling for action. The Fed expects inflation in the coming months, and the ECB is not. Against this backdrop, the dollar looks more preferred aspect of shopping. and urging all politicians to take action. The Fed expects inflation in the coming months, and the ECB is not. Against this backdrop, the dollar looks more preferred aspect of shopping. and urging all politicians to take action. The Fed expects inflation in the coming months, and the ECB is not. Against this backdrop, the dollar looks more preferred aspect of shopping.


EURUSD recommendation: Sell 1.0925 / 1.0940, and take profit 1.0899

 

 

 

 

 

Forex forecast Pound \ GBPUSD dollar today 02.12.2020
 

Bank of England Governor Mark Carney said yesterday that the monetary authorities may refrain from lowering interest rates at its meeting on March 26, since the British government is preparing projects to stimulate the economy through fiscal policy. Government spending, according to Carney, will contribute to the growth of inflation, which gives the Bank of England to take a pause to assess the prospects for economic growth in the United Kingdom. For the British currency is moderately positive signal and on this background, we can expect growth of quotations of sterling to the psychological level of 1.3000.


GBPUSD recommendation: Buy 1.2950 / 1.2935, and take profit 1.3000

 

 

Forex forecast pair USDJPY today 12/02/2020
 

Stock markets in the US and Germany on the eve updated their historical maximums. Why is this an important factor for a given currency pair? Historically, couple USDJPY has a strong correlation with stock indices. Why is this happening? The thing is the low interest rates of the Central Bank of Japan, as the funds are actively using the Japanese yen as a funding currency for carry trade operations. When this process is completed? Not soon, not in the coming years, as the Bank of Japan has no plans to raise interest rates. Recall, the current rate in Japan and is a negative 0.1%.


USDJPY recommendation: Buy 109.71 / 109.59 and take profit 110.14

 

 

Analytics and forecast FreshForex

 

 

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