12:30 MSK. United Kingdom: CPI for October.
16:30 MSK. US: Consumer Price Index for October.
19:00 MSK. US: Federal Reserve Board of Governors Chairman Jerome Powell will deliver a speech.
The euro dollar forex trading forecast for EURUSD today 11/13/2019
It came the big day for financial markets. All investors' attention will be focused on two events in the United States: inflation in October and the speech of the Fed in Congress. The first indicator will not be able to please investors positive data, as inflation in the industry and on the ISM reports, service to minimize the past six months. As for the speech of the Fed in Congress, his speech will be largely due to the US trade negotiations and China. Powell will celebrate this event, as the main factor of uncertainty. At the same time speaking on the eve of Donald Trump said that soon the first part of the deal will be signed. It turns out the risk of uncertainty, leaves, and this means that there is no need for a further reduction of the Fed interest rates. It is worth noting that futures on the FED rate indicates the probability of only 10% the central bank in the next three months will be to cut rates. This is positive for the US dollar. We expect the continuation of the downward trend of EURUSD.
EURUSD recommendation: Sell 1.1025 / 1.1040, and take profit 1.0995
Pound Dollar forex GBPUSD outlook today 11/13/2019
At present, formed a mixed background. On the one hand, it can be expected to yield negative macroeconomic statistics from the UK inflation for October, that may cause a sell-pound. Worth waiting for lower consumer price index on a background of rising unemployment and reduce energy costs. On the other hand, the credit market is experiencing a rise in yields on 10-year UK government bonds relative to their counterparts in the US and UK.
GBPUSD recommendation: flat 1.2805 -1.2885
Dollar yen forex forecast USDJPY today 11/13/2019
The course of trading will be determined by the dynamics of stock markets, where so far there are two opposite trends. On the one hand, the development of stock markets, such as USA, Germany, UK showing growth. On the other hand, emerging markets such as Brazil, Mexico, Russia show a decrease, while Turkey and India showing growth. Good trend in the market - this is when all countries are either growing or falling. Now the situation looks a little confused and traders should wait now and see how it will end trading on stock exchanges.
USDJPY recommendation: flat 108.70 -109.30