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Forex forecast and recommendations today 20.09.2019: EUR / USD - US-China talks negative for the euro, GBP / USD


The euro to dollar forecast for today EURUSD 20.09.2019

The most important news today trade negotiations the US and China, which began on Thursday and will conclude today. What will be the outcome of these negotiations? Most likely a positive, because D. Trump a year elections and it is necessary to conclude a trade agreement with China, or the voters did not understand. How this event will affect the euro quotes? This is a negative factor. Reduced geopolitical tensions will force investors to sell "safe assets", which include the euro, the yen and gold. These assets will not bring high returns to investors, as opposed to risky assets, which include stocks, stock index futures, higher-yielding currencies.

EURUSD recommendation: Sell 1.1075 / 1.1095, and take profit 1.1047


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The pound to dollar forecast today GBPUSD 20.09.2019

Bank of England sees the need for a limited rate increase if Brexit goes smoothly and the global economy stabilizes. The news is positive for the pound since the Fed this year has twice cut interest rates, which reduces the attractiveness of the dollar. Moreover, on the eve of Fed officials said that at the next meeting on 30 October US central bank will consider increasing the balance, ie the launch QE program. If the Fed in November will actively buy back bonds and increase the assets on the balance sheet, this event will have a negative impact on the dollar quotes.

GBPUSD recommendation: Buy 1.2525 / 1.2501, and take profit 1.2590




Dollar against the yen forecast today USDJPY 20.09.2019

Today, traders in the forex market should not expect growth of pair USDJPY and reduce the price of gold, as between these two instruments there is a strong inverse correlation. Investors are optimistic and will buy higher-yielding assets - investors should wait for good growth of quotations of US stock index # SP500. The central banks of G-20 countries continue to cut interest rates, which has traditionally provided strong support for equity markets. This week, the rates have decreased in the United States and Brazil, and in the leading Latin American rate was reduced by 0.5%. Gold, today may renew at least this month 1483.07.

USDJPY recommendation: Buy 107.77 / 107.55 and take profit 108.21




Analytics FreshForex



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