12.00 MSK. Germany: Indicator assessment of the current situation from the IFO.
The euro dollar forex trading forecast for EURUSD pair today 11/25/2019
In the midst of the European trading session it will be published a report on the index of the IFO. Since this indicator is strongly correlated with the composite index of the PMI at Markit, you can expect out of a weak report, which is negative for the euro. Additional support for the sellers of the single European currency will zolota- market, investors are actively selling the precious metal, which is negative for the euro, since there is a strong correlation between the instruments.
EURUSD recommendation: Sell 1.1030 / 1.1051, and take profit 1.0995
Pound Dollar forex GBPUSD forecast for today 11/25/2019
Good and bad news for the pound. The bad news is the negative dynamics of the bond market, where yields on 10-year UK government bonds is reduced in relation to their counterparts in the US and Germany. The good news is the upward trend in the oil market. Saudi Arabia calls upon the members of the OPEC cartel to extend the agreement to limit the production of black gold in the three months to July 1, 2020. OPEC summit held on December 6 and until that time, we can expect growth of oil prices, which is positive for the pound, as the instruments are correlated with each other.
GBPUSD recommendation: flat 1.2815 -1.2890
Dollar against the yen forex forecast pair USDJPY today 11/25/2019
In the center of the attention of investors still trade negotiations, the US and China. President Donald Trump is not ready to sign a law on the support of protesters in Hong Kong. Why is it important, and how it relates to trade negotiations? This law is not much like Beijing, who believes that Washington thus interfering in the internal affairs of China. Accordingly, the signing of the law may lead to the abolition of trade negotiations. And in this regard, Trump blocks Congressional bill, because it is necessary to conclude an agreement with China. This is positive news for the stock markets in general and the USDJPY currency pair in particular.
USDJPY recommendation: Buy 108.63 / 108.47 and take profit 109.11