Forex EURUSD forecast today 27/01/2020
All financial markets last week were impressed with respect to viral pneumonia outbreak in China. According to the latest data ill about 2750 people and 80 people died. This news is being discussed on all continents and is №1 in the last days! SARS virus (SARS), which was recorded in China in 2002 killed more than 850 people. But if Beijing were absolutely not ready for this epidemic, and the process of normalization of the situation dragged on for several months. Since then, China has done work on the bugs, and you can expect that the current virus will not bring so many victims. Investors are too pessimistic about the prospects evaluated the impact of the virus on the world economy. Given the fact that the German PMI Composite in January reached a five-month high, investors may begin to take profits on short positions,
EURUSD recommendation: Buy 1.1020 / 1.1000, and take profit 1.1050
Forex forecast GBPUSD pair for today 27/01/2020
UK PMI Composite, which includes the dynamics of business activity for the industry and the service sector in January rose to a maximum in the last 14 months! This is a good signal for the pound, as it points to GDP growth. At the meeting of the Bank of England this week will be held on Thursday and the futures market indicates that interest rates will remain at the same level. This is a positive factor for the pound. Risks regarding BREXIT offset, the British Queen signed a decree on withdrawal of Britain from the ES and Friday will take this long-awaited event.
GBPUSD recommendation: Buy 1.3040 / 1.3020, and take profit 1.3080
USDJPY Forecast Today 27/01/2020
The course of trading USDJPY strong influence still has a stock market dynamics. At the end of last week, investors took profits on long positions in the US and European stock markets. On the one hand, investors are afraid of coronavirus infection (2019-nCoV), emerged in China. On the other hand, in the US reporting season passes and have already reported 74 companies from the S & P500 index - about 68% reported better than expected, which is positive for the market, as early as December, on Wall Street, the number of pessimists exceeds the limit. It is impossible to ignore the actions of the US Federal Reserve - the printing press is actively working, and the amount of repurchased treasury bills peaked in the last 10 months.
USDJPY recommendation: Buy 108.80 / 108.60 and take profit 109.22