16:30 MSK. US: The main index for personal consumption expenditures
EURUSD forecast today 20/12/2019
On the debt market the drop in yield spread of government bonds of Germany / US, signaling a decrease in value of the euro. In the afternoon, the United States will publish the release of expenditure on private consumption, which may please the traders positive data. The consumer confidence index, which correlates with the Core PCE Price Index, rose to a four-month high in November. Positive dynamics is primarily caused by the "Black Friday" - the Americans are traditionally at the end of November, increased spending on Christmas gifts. Positive statistics from the United States will support the dollar, which could complete the current week on a positive note.
EURUSD recommendation: Sell 1.1120 / 1.1140, and take profit 1.1085
GBPUSD forecast for today 12/20/2019
A pair GBPUSD today formed a mixed background. On the one hand, the possible reduction of quotations on the background of the negative dynamics of the debt market, where there is a decline in yields on government bonds of the United Kingdom in relation to the securities of the United States and Germany. UK disappointed investors on the eve of weak data on retail sales - sales in November decreased by 0.6% compared with October. British consumers are afraid BREXIT and limit themselves to spending. On the other hand, the upward trend in the oil market can support the British, as the oil and the British pound are correlated with each other.
GBPUSD recommendation: flat 1.3000 -1.3080
USDJPY forecast for today 12/20/2019
The last three days the pair is trading in the range of 109.17 -109.68. In my opinion, a way out of this range will be up, and we will see the growth of quotations to the psychological level of 110.00. This is indicated by a strong rally in the market of US government debt, where there is a rapid increase in Treasury yields. Why is increasing the profitability of US securities? States this week reported strong data on industrial production and the real estate market - both indicators have shown good growth in November, signaling an acceleration of economic growth.
USDJPY recommendation: Buy 109.25 / 109.10 and take profit 110.00