16:30 MSK. US: Retail Sales
Forex EURUSD forecast today 13/12/2019
The main newsmaker of the week again became president of the USA D. Trump, who said that Washington wants to conclude a trade deal with Beijing. If earlier Trump insisted that China wants to reach an agreement, and America, and it is not necessary, but now the tone has changed, and Trump says that the Americans also need this agreement. For the euro is a negative signal, since the single European currency is strongly correlated with gold, which in the coming days will fall under a powerful wave of sales. Investors will now be increased long positions in risky assets (equities, stock index futures, oil, copper) and get rid of the gold, the yen and the euro.
EURUSD recommendation: Sell 1.1185 / 1.1200, and take profit 1.1097
Forex forecast GBPUSD today 12/13/2019
Early parliamentary elections in the UK resulted in the victory of the Conservative Party. In general, this factor is largely accounted for by the market. On the debt market the decline in yield on 10-year government bonds relative to their counterparts in the United States and Germany. This factor may force traders start to take profits on long positions, as in the past three weeks, the pound was up by 2%. Strong sales of the British expected no cost, as increased demand for risky assets (equities, stock index futures, oil, copper) to support the Kingdom currency.
GBPUSD recommendation: flat 1.3420 -1.3500
USDJPY Forecast Today 13/12/2019
The US stock market on Thursday renewed its historical maximum, what has pleased all fans of USDJPY, as this currency pair is highly correlated with equity markets. The United States and China has never been close to signing a trade agreement, triggering a rally in equity markets. Markets in the US and Brazil have updated historical highs, today we can expect a strong growth in the European markets. Additional support for the pair will have a positive trend on the bond market, where the yield spread of 10-year US Treasury bonds / Japan shows growth.
USDJPY recommendation: Buy 109.47 / 109.30 and take profit 109.95