13:00 MSK. Eurozone: Change in GDP
The euro to dollar forex trading forecast for EURUSD today 02/14/2020
For the euro mixed background generated today. On the one hand, investors may again increase sales of European currency as the inflation rate in the United States is forcing investors to buy the US dollar. At the end of 2019, many investment funds are expected to reduce the US Federal Reserve interest rates in 2020. Now, looking at the data on inflation, all traders have concluded that rates more than the Fed will not lower. And if so, then it makes no sense to expect the dollar's decline. On the other hand, the commodity market is experiencing simultaneous growth that could support the euro. There is a good demand in the metals and energy.
EURUSD recommendation: flat 1.0803 -1.0875
Forex rate forecast GBPUSD today 02/14/2020
GBPUSD - traders Buy position for two reasons. First, the debt market is observed increase of yield on 10-year UK government bonds relative to their counterparts in the United States and Germany. During such periods, the pound has traditionally received good support. Second, the upward trend in the oil market will provide additional support to customers of the British currency, as the pound is correlated with the black gold. Investors expect the extension of the pact + OPEC to curb oil production in the three months to July 1, 2020.
GBPUSD recommendation: Buy 1.3035 / 1.3020, and take profit 1.3066
Dollar yen forex forecast USDJPY today 14/02/2020
Upward trend in global stock markets continued, which will contribute to the growth of quotations USDJPY since the pair correlated with the equity markets. Investors are waiting for lower interest rates of the Central Bank of China, the meeting will take place on Thursday 20 February. Until that time, worth the wait, rising stock markets, and then we will have a correction, or to continue to grow. Everything will depend on the actions of the Central Bank of China. If the controller is only to lower interest rates, we see profit-taking on long positions and correction. If the central bank will take a number of measures (reduction of reserve requirements, the launch of quantitative easing), we see a continuation of the rally in the equity markets.
USDJPY recommendation: Buy 109.73 / 109.55 and take profit 110.11