Euro against the dollar today, EURUSD Forecast 22/10/2019
The beginning of the new trading week passed quietly enough, the euro showed a technical correction after the rapid growth in the last week. Usually on Mondays there is a slight pullback, and then the trend continues. Now this trend has once again repeated, as in the debt market has seen growth of profitability of 10-year government bonds in Germany in relation to their counterparts in the US and UK. In general, any serious reasons for growth of the euro is now no. It is believed that investors are actively buying the euro before the ECB meeting, which is scheduled for Thursday, after which will take profit on long positions, which will reduce the cost of the single European currency.
EURUSD recommendation: Buy 1.1135 / 1.1118, and take profit 1.1180
Pound against the dollar today GBPUSD Forecast 22/10/2019
Suffering for BREXIT continue. In general, this situation is already rather tired of the investment community that many hedge fund managers say that they are tired of this "soap opera". It is the policy, and politics can not be the way it quickly and easily, as if to do all things in one month, for what, then, to pay salaries to politicians in the other eleven months of the year? It turns out that the solution to issues stretched over many months, carry out "fierce" debate, in order to show its importance to the voters. Against this background to do with the British pound? In times of uncertainty, it is necessary to look at the dynamics of the debt market, as there always are born good leading signals for the currency. But now on the market peace and quiet. Against this background, today the players in the GBPUSD pair is waiting for the development of the side trend.
GBPUSD recommendation: flat 1.2910 -1.3000.
The dollar against the yen today USDJPY Forecast 22/10/2019
the upward trend continued in the stock markets, which have a positive impact on the value of this currency pair, since it is correlated with the index # SP500. Investors buy stocks for two reasons. First, the world's leading central banks cut interest rates and purchase the assets, which are always in the history of stock markets supported. Second, in the United States in the midst of the corporate reporting season and most of the companies have reported an increase in revenue and net income, despite the pessimistic forecasts of economists, investment banks with Wall Street earlier in the week.
USDJPY recommendation: Buy 108.47 / 108.27 and take profit 109.07