18:00 MSK. USA: The volume of housing sales in the primary market
EURUSD forecast for today 12/23/2019
Two reasons for the euro in sales. First, the negative trend for the single European currency is stored in the debt market. The yield spread on 10-year German government bonds / US shows a strong decline. States pleasing investors positive macroeconomic statistics, and market participants no longer expect that the Fed will cut rates in 2020. For the dollar is a good signal! Secondly, we are seeing strong demand for "risky assets", which is negative for the euro and the Japanese yen. Investors enhance the position of the oil market, the equity markets and are actively buying higher-yielding currencies.
EURUSD recommendation: Sell 1.10901.1110 and take profit 1.1050
GBPUSD outlook today 23/12/2019
Segordnya forex players worth buying a pair of GBPUSD in the psychological level of 1.3000 based on the continuation of the upward trend for two reasons. First, the debt market is observed increase of yield on 10-year UK government bonds relative to their counterparts in the United States and Germany, which is positive for the pound. Secondly, the British currency is correlated with the oil market, where the last two weeks we have seen a good upward trend. + OPEC at the summit on December 6 decided to reduce the production of hydrocarbons and has since seen an increase in oil prices.
GBPUSD recommendation: Buy 1.3000 / 1.29820 and take profit 1.3039
USDJPY outlook today 12/23/2019
The US stock market climbs higher and higher, and the commentators in the media cry out that the market is overheated, and we can expect a collapse. It should be noted that the more the media talk about the market falling, the market is growing stronger. Accidentally or pattern is hard to say, but the fact remains. The dynamics of the US stock market has a strong influence on this currency pair, as the Japanese yen is a funding currency №1 in carry trade operations. It is likely that this week the US market once again show growth, as the Christmas rally in full swing. Against this backdrop, market participants should not expect growth USDJPY quotes.
USDJPY recommendation: Buy 109.30 / 109.17 and take profit 109.71