Free no deposit Bonus Forex
Saturday, 04.04.2020, 01:13
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest
Statistics

Total online: 1
Guests: 1
Users: 0
...
Main » 2020 » February » 20 » Forex forecast and recommendations today 20.02.2020: EUR / USD - correlated with gold and oil, GBP / USD
09:08
Forex forecast and recommendations today 20.02.2020: EUR / USD - correlated with gold and oil, GBP / USD

article35287.jpg

Events that should pay attention today:

12:30 MSK. United Kingdom: Change the volume of retail trade excluding fuel costs in January.

18.30 MSK. US data on stocks of crude oil from the Department of Energy in February.

 

EURUSD forecast today 20/02/2020


At present, formed a mixed background. On the one hand, we can expect growth in the euro against the background of positive dynamics in the commodity market, as the European currency is correlated with gold and oil. Investors are actively buying commodity assets, as the world's leading central banks to cut interest rates and provide investors "cheap money." On the other hand, the debt market a decrease in yield spread on 10-year German / US government bonds, which is negative for the single European currency. Investors are pessimistic about the growth prospects of the European economy.


EURUSD recommendation: flat 1.0750 -1.0830

 

 

 

 

 

GBPUSD Forecast Today 02/20/2020
 

The British pound eve ignored strong report on inflation in the UK in January, which recorded growth of consumer prices by 1.8% in annual terms. Blame the next talk in Brussels about the need to change the MiFID directive, so that London has lost a number of privileges, as an international financial center. The EU seems to want a little revenge on the British for BREXIT. Whether to sell now, the pound? Now it is advisable to wait, since the downward trend may change. Now in the market a lot of liquidity from the central banks of G-20 countries and investors may begin to take profits on short positions, to go into other assets, thus causing the growth of the British currency quotes. At the same time, this growth can start tomorrow or Monday.


GBPUSD recommendation: flat 1.2870 -1.2940

 

 

USDJPY Forecast Today 20/02/2020

 

Asian stock markets are now showing growth against the backdrop of easing monetary policy in China. The Chinese central bank has lowered its key interest rate by ten basis points, to 4.05%. For USDJPY a positive signal, because historically, USDJPY has a strong correlation with the stock markets. In published on the eve of the minutes of the last Fed meeting, it was noted that the members of the Board of Governors of the Federal Reserve prepared to permanently use repo transactions. For the US market share is good news! # SP500 index again updated historical maxims and stopped in a step from the psychological level of 3400 points.


USDJPY recommendation: Buy 111.15 / 110.90 and take profit 111.50

 

 

Analytics FreshForex

 

Views: 24 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
WELCOME 35USD
Calendar
«  February 2020  »
SuMoTuWeThFrSa
      1
2345678
9101112131415
16171819202122
23242526272829
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2020-2012
    Website builderuCoz