Free no deposit Bonus Forex
Saturday, 04.04.2020, 02:40
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 » 21 » Forex forecast and recommendations today 21.02.2020: EUR / USD - PMI reports, GBP / USD - mixed background, USD / JPY - "coronavirus bonds"
08:54
Forex forecast and recommendations today 21.02.2020: EUR / USD - PMI reports, GBP / USD - mixed background, USD / JPY - "coronavirus bonds"

article35301.jpg

Events today:

11:30 MSK. Germany: PMI in the manufacturing sector.

12:30 MSK. United Kingdom: PMI in the manufacturing sector

 

The forecast of the euro to the dollar EURUSD today 02/21/2020
 

In the first half of the day will be published data on business activity in the euro area industry. We are primarily interested in the German index, because Germany is the locomotive of the euro area. Today we get the data for February, which will take into account the effects of coronavirus. European business, though not scared, but notes that the risks of the virus are present, since the Celestial important trading partner for the EU. Against this background, today we can expect a release of negative data because purchasing managers in the industry, which polls at Markit agency, necessarily note the factors their questionnaires. But strong sales EUR should not be expected, because the rally in the precious metals market will support the European currency as the assets historically correlated.


EURUSD recommendation: Sell 1.0805 / 1.0820, and take profit 1.0787.

 

 

 

Prediction of the pound to the dollar GBPUSD today 02/21/2020
 

Today on GBPUSD pair formed a mixed background. On the one hand, it can be expected to yield a negative release of the PMI index for the British, which may cause a new wave of sell-pound. On the other hand, the positive dynamics of the debt market can provide good support for the British currency. Yields on government bonds of the United Kingdom is growing in relation to their counterparts in the United States and Germany. We can not ignore the positive dynamics of the commodity market, where there is black gold growth. For the pound is also a good factor.


GBPUSD recommendation: flat 1.2860 -1.2930

 

 

Dollar against the yen USDJPY forecast for today 02/21/2020
 

Passion for coronavirus, though slowly, but still subside. For the stock market is a positive signal, which has a positive impact on the cost of the USDJPY, as the pair has historically correlated with the equity markets. It became known yesterday that Chinese companies place "coronavirus bonds" on the background of the country's authorities to support economic growth. About 25 companies - from airlines to drug distributors - attracted 24 billion yuan in the last week. This process will gain momentum with each passing day. Interest payments on these securities amount to 2-4%, while ordinary bonds involve the payment of 3 times higher. Low rates do not attract private investors, so the main buyers of these securities state-owned banks are the country on behalf of the Communist Party.


USDJPY recommendation: Buy 111.85 / 111.65 and take profit 112.25

 

 

Analytics FreshForex

 

Views: 19 | 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