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Main » 2020 » February » 26 » Forex forecast and recommendations today 26.02.2020: EURUSD - peace and coronavirus, GBPUSD, USDJPY
Forex forecast and recommendations today 26.02.2020: EURUSD - peace and coronavirus, GBPUSD, USDJPY


Events today:

18.30 MSK. US data on crude oil inventories from the Energy Department.

The euro dollar forecast for the pair EURUSD today 02/26/2020

The whole world is discussing coronavirus. At the moment they are sick 81002 person in different countries and 2,762 died. About 94% of the dead resided in China. On the one hand, everything looks very scary and then you do not know how to trade. Especially in the media every day say about the approaching economic crisis. On the other hand, recovered 30098 people, and the number of patients at the moment a little more than 50 thousand people. I recall that at the beginning of last week, the number of patients was 10 thousand more. Since 19 February, the number exceeds the number of cases recovered. Panic clearly not worth it right now. On the debt market the yield growth of the German government bonds relative to their counterparts in the US and the UK, which has a positive impact on the value of the euro.

EURUSD recommendation: Buy 1.0865 / 1.0850, and take profit 1.0891






Forex forecast GBPUSD pair for today 26/02/2020

Today for the pair GBPUSD formed a mixed background. On the one hand, the possible appreciation of the sterling against the background of positive dynamics of the debt market, where the yield of British government bonds rising in relation to their counterparts in the United States that could support the pound. On the other hand, the representative of the European Union M. Barnier said that the EU plans to establish a committee to oversee the implementation of agreements on Northern Ireland. According to Barnier, talks with the United Kingdom will be difficult in the coming months should not be expected to enter into a trade agreement. French President E. Macron not even sure that an agreement will be reached this year. Against this background, we can again expect negative comments from politicians from the European Union, as well as on the part of Boris Johnson's team, which may limit the growth potential of the pound.

GBPUSD recommendation: flat 1.2965 -1.3043



Dollar against the yen forex forecast USDJPY today 26/02/2020

The course of trading in the USDJPY pair, as before, will be primarily determined by the dynamics of stock markets. In Asia, the main area tiorguyutsya in the "red zone" and the early hours of the European session on the stock markets may also pass under the sign of the sales, which in turn negatively for the currency pair USDJPY. On the other hand, the Central Bank of China said that on Friday cut reserve requirements for commercial banks. This is good news for the stock markets because Chinese banks release the money that can be directed at both the lending and speculation in the financial markets. Moreover, speculation on the stock exchanges is now more interesting, because many assets have fallen in price in recent days.

USDJPY recommendation: flat 110.00 -110.50



Analytics FreshForex


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