Home » 2019 » September » 25 » Forex forecast and recommendations today 25.09.2019: EUR / USD - The shortage of dollars in the US banking system, GBP / USD
Forex forecast and recommendations today 25.09.2019: EUR / USD - The shortage of dollars in the US banking system, GBP / USD
The shortage of dollars in the US banking system
16:30 MSK. Eurozone: ECB's President Mario Draghi will deliver a speech.
The euro exchange rate against the dollar EURUSD forecast for today 25/09/2019
Federal Reserve Bank of New York on Tuesday provided the banking system temporary reserves within REPO with the term "overnight" in the amount of $ 75 billion. At the request has been received from dealers in the amount of $ 80.2 billion. Federal Reserve Bank said this week three times (Tuesday, Thursday and Friday) will carry out repo transactions with a term of 14 days worth at least $ 30 billion. on each day. On Tuesday, the Fed reported that held the first of three such operations in the amount of $ 30 billion., While the volume of submitted dealers applications totaled $ 62 billion. In the United States remained 4 working days prior to the fiscal year completed and the demand for dollars in the US banking system's high . This factor indicates a depreciation of the EURUSD.
EURUSD recommendation: Sell 1.1000 / 1.1021, and take profit 1.0951
Political mess in the UK
Pound to dollar GBPUSD forecast for today 25/09/2019
Supreme Court of the United Kingdom considers illegal the decision of the prime minister to suspend the work of parliament. Parliament will resume work today - said the speaker of the House of Commons. The political crisis in the UK is increasing. British Prime Minister Boris Johnson has not stood aside and said that he would insist on withdrawal of Britain from the ES October 31. In Brussels recognize that it is not prepared to conclude an agreement with Johnson. The political turmoil makes investors nervous and now we will see volatility spikes.
GBPUSD recommendation: flat 1.2419 -1.2510
Another impeachment J. Trump
the dollar USDJPY outlook today Kien 09/25/2019
The course of trading in the USDJPY pair today depends on investor sentiment in the stock markets. Yesterday, the US market showed a correction in the range of 1% on the news of impeachment against J. Trump. The Democratic Party has accused Republican Trump is not the first time and not for the first time threatened with impeachment. All previous attempts failed because the evidence was weak and the majority of members of Congress still supported Trump. How will this time? Most likely, history will repeat itself. Trump promised today to provide proof of his innocence (transcript of a telephone conversation with President of Ukraine). If that conversation would be really "dark spots" that Trump would delay the process of announcement of the deciphering of conversation, and now just as soon as he is ready to provide the text of the conversation. On this background,
USDJPY recommendation: Buy 107.17 / 107.03 and take profit 107.77