12:30 MSK. UK: Industrial Production.
EURUSD forecast for today 01/13/2020
Today, traders in EURUSD should not expect growth in the euro. Published on Friday macroeconomic data from the United States has caused the growth of yield spread on 10-year German / US government bonds. Rate non-farm payrolls in December amounted to 145 thousand. Pers. And increased by 2.08 million in the whole year employment. Pers., Against 2.51 million. Pers. a year earlier. How would Donald Trump praised its economic policy, and the fact that the economic slowdown is evident. Federal Reserve Bank of New York, in turn, after labor market data has lowered the forecast GDP for the 4th quarter from 1.2% to 1.1%. The bank's management announced that Friday's employment statistics allows the Fed to maintain the current monetary policy.
EURUSD recommendation: Buy 1.1114 / 1.1100, and take profit 1.1150
GBPUSD outlook today 01/13/2020
Of important macroeconomic statistics should highlight the publication of the report on industrial production in the UK. In November the index of Manufacturing PMI stood at 48.9%, which is negative for the manufacturing industry. When the PMI index is below 50%, it indicates a decline in production. In Britain, the sixth consecutive month PMI is below this mark. To pound is a negative signal, and the British pound could test the psychological level of 1.3000. On the other hand, in the psychological level, investors can start to build up long positions, as weak data on the labor market caused by the Fed spoke again of the need to keep interest rates at the current low level.
GBPUSD recommendation: flat 1.300 -1.3080
USDJPY outlook today 13/01/2020
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 market, where there is a drop in the yield spread on 10-year US / Japan government bonds. On the other hand, investors will buy the drawdown is very fast and the market will not fall much. Why? Danae pair correlated with the US stock market, where there is a good upward trend. The S & P500 in the coming days could test the psychological level of 3,300 points as early as Wednesday, January 15 the signing of the US Trade Agreement and China.
USDJPY recommendation: flat 109.45 -109.95
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