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Forex forecast and recommendations today 14.10.2019: EUR / USD - important factors, GBP / USD - BREXIT almost agreed, USD / JPY


The euro exchange rate against the dollar forex forecast for EURUSD today 14/10/2019

Several important factors will influence the course of trading. First, the correlation between the euro gold. Investors get rid of the precious metal and increased long positions on the stock markets after positive trade negotiations, the US and China. Second, the US Federal Reserve on Friday announced that from October 15, begins to buy treasury bonds worth 60 billion. Dollars. per month. This program will run until July 1, 2020. US Federal Reserve from 2009 to 2014 GG I conducted a similar program and then this process has caused the depreciation of the US dollar. Now the situation is repeated. It turns out today formed a mixed background: there are both good and bad factors for the euro.

EURUSD recommendation: flat 1.1000 -1.1070





The pound to dollar forex forecast GBPUSD today 14/10/2019

Last week the pound finished strong increase in prices, as British politicians agreed to negotiate with Ireland on BREXIT. Today you can expect a technical correction to the psychological level of 1.2600, and then you can build up a position to buy a pound. Political risks BREXIT went to the side and the US Federal Reserve tomorrow starts a program of quantitative easing, which will have a negative impact on the dollar. QE program by the Federal Reserve will continue until July 1, 2020 and at least until the early spring of next year can be expected weakening of the US dollar.

GBPUSD recommendation: Buy 1.258 / 1.2560, and take profit 1.2635



Dollar against the yen forex forecast USDJPY today 14/10/2019

The course of trade is strongly influenced by the dynamics of the US stock market, as there is a strong historical correlation between USDJPY and # SP500. US Federal Reserve on Friday October 11 announced the launch of the QE program - buying US Treasury bonds will begin tomorrow and will last 8.5 months. During this period it will be redeemed assets worth almost 510 billion. Dollars. How this event will affect the US stock market? QE always has a positive effect on the share price. Thus, we expect a strong rally in the index # SP500, which in turn have a positive impact on the value of the currency pair USDJPY.

USDJPY recommendation: Buy 108.10 / 107.94 and take profit 108.54



Forex forecast for today FreshForex





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