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Forex forecast and recommendations today 19.09.2019: EUR / USD - the Fed does not want to cut rates, GBP / USD


Events today:

14.00 MSK. United Kingdom: The decision on the basic interest rate of the Bank of England.

17:00 MSK. USA: Sales of housing on the secondary market in August.

The euro exchange rate against the dollar forex forecast for EURUSD pair today 19/09/2019

Fed expected to lower the interest rate on the federal funds rate by a quarter per cent. Until the end, most of the leaders the US central bank is not expected to reduce rates. The futures market in Chicago agrees mneniem- probability of another rate reduction is less than 50% according to the CME exchange. For the US dollar is a definite positive, because the worst is over. Moreover, the day before in the United States has published statistics on the construction sector, which was recorded a significant increase in building permits - figure reached 11 year high! At the same time, traders should wait for a moderate strengthening of greenbacks as a continuation of the bullish trend in the oil market have a positive impact on the value of the euro. "I have just instructed the Minister of Finance significantly tighten sanctions against Iran!" - the US president said D.

EURUSD recommendation: Sell 1.1047 / 1.1066, and take profit 1.1020







Pound dollar forex forecast pair GBPUSD today 19/09/2019

Macroeconomic data from the UK disappointed investors by weak data on inflation. Core consumer price index in August fell to 1.5%, the lowest level since November 2016. This report signals the need to reduce interest rates in the UK. 16 countries of the G-20 in the past six months has lowered interest rates. Yesterday it did States. UK is not yet in this trend, but the poor statistics indicates that the central bank may join colleagues in the coming months. Today the Bank of England during the meeting on interest rates will announce his vision of the situation. To pound is negative news. As for BREXIT, the European Parliament voted 544 to 126 for the UK to provide a delay in the case, if it is to make such a request, but this event is already priced in,

GBPUSD recommendation: Sell 1.2489 / 1.2517, and take profit 1.2425




The course Dolar Yen forex forecast pair USDJPY today 19/09/2019

At present, formed a mixed background. On the one hand, the debt dynamics of the market indicates a decrease in quotations because there is a decline of yield spread on 10-year US / Japan government bonds. On the other hand, the reduction rates Fed had a positive effect on US stock market, which in turn may cause growth of quotations pair USDJPY, since the pair has a strong correlation with the S & P500 index. The index of "fear" the VIX after the Fed meeting fell from 15.1 to 13.9 n n -.. Such dynamics indicates a bullish trend in the US stock market.

USDJPY recommendation: flat 107.50 -108.45




Analytics FreshForex




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