17:30 MSK. US data on crude oil inventories from the Energy Ministry in October.
Euro against the dollar today, EURUSD Forecast 23/10/2019
At present, formed a mixed background. On the one hand, the possible growth of the euro as the CME futures market indicates a 93% probability that the Fed next week will lower interest rates. US bond yield dropped significantly in recent months and this factor reduces the investment attractiveness of these securities, which is negative for the dollar. On the other hand, the bullish rally in emerging stock markets could cause investors to sell precious metals, which in turn will lead to a decline in the euro, as the single European currency has a strong correlation with gold and silver.
EURUSD recommendation: flat 1.1100 -1.1150
dollar pound GBPUSD outlook today 23/10/2019
The Passion of the BREXIT calms, then flare up with a new and strong. On the eve of the British Parliament for a long time to decide the question of BREXIT project that Boris Johnson has discussed with Brussels. And in the end 329 deputies supported this project, opposed by 299 MPs. It seems to be a victory of Prime Minister, but no, the Parliament does not want in the shortest possible time to consider amendments to the law on BREXIT, which are set out on page 110. Deputies say that such a thick booklet takes time. What we have in the dry residue? Firstly, Parliament does not want instability and is ready for dialogue with Johnson is positive. Secondly, Parliament asks for postponement BREXIT in Brussels - it is moderately positive factor. British EU exit probability of no transaction has decreased significantly. Thirdly, enhanced risk of new elections and a referendum on the new BREXIT - it is a negative factor. In general, formed a moderately positive on this background, the current levels of interest to open a Buy position.
GBPUSD recommendation: Buy 1.2850 / 1.2830, and take profit 1.2931
The dollar against the yen today USDJPY Forecast 23/10/2019
The course of trading in the currency pair USDJPY continues to depend on the dynamics of stock markets, where there is a multidirectional trend. In developed markets there is a correction after the rapid growth (Germany, USA, Japan), and on the other hand, there has been rapid growth in emerging markets. Stock markets in Brazil and Taiwan on the eve of updated historical highs in the indices Bovespa and Weighted respectively. Is it good or bad? That's good, because the main trends in the stock market begins in emerging markets - a kind of advancing signal. President Donald Trump long ago did not mention China in social networks, and in China claim that Apple CEO Tim Cook became the chairman of the Advisory Board of the Institute of Economics and Management, Tsinghua University.
USDJPY recommendation: Buy 108.30 / 108.10 and take profit 108.88