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Main » 2020 » February » 27 » Forex forecast and recommendations today 27.02.2020: EURUSD - Positive trend may stop, GBPUSD - British cooks fiscal stimulus, USDJPY
Forex forecast and recommendations today 27.02.2020: EURUSD - Positive trend may stop, GBPUSD - British cooks fiscal stimulus, USDJPY


Events today:

16:30 MSK. USA: Change in GDP for the quarter.

The forecast of the euro to the dollar in the EURUSD today 02/27/2020

Euro four days showed growth of quotations, and today the positive trend of EURUSD pair could stay for two reasons. First, the United States is pleased investors positive statistics on new home sales. housing sales in the primary market in January increased by 20.1% y / y vs. 8.6% y / y in December. Acceleration of the growth rate indicates economic growth, which is positive for the dollar. Secondly, the Central Bank of China tomorrow should reduce reserve requirements for commercial banks that have a positive impact on the stock markets and cause investors to sell gold. Recall, the euro and precious metals have a strong correlation with each other, and the reduction rate of gold have a negative impact on the value of the euro.

EURUSD recommendation: Sell 1.0925 / 1.0940, and take profit 1.0900






Forex rate forecast GBPUSD today 02/27/2020

British finance minister is currently developing a program of fiscal stimulate the economy. The job Prime Minister entrusted Boris Johnson, because the output of the United Kingdom from the European Union requires incentives. Boris Johnson also alludes to the fact that the Bank of England need to join colleagues from the Ministry of Finance and also take part in stimulating the economy by lowering interest rates by a quarter percent, and perhaps even by half percent. On the market until there is no consensus on whether the Bank of England to cut interest rates at its next meeting.

GBPUSD recommendation: flat 1.2900 -1.2960



USDJPY Forex forecast for today 02/27/2020

The course of trade is strongly influenced by the dynamics of the stock market. At the world's leading stock markets is no unified dynamics in North America on the eve of two major indexes of the three closed in the negative region, and in Asia is growing Chinese market, and the rest are reduced. Industrial metals (copper and palladium) show the second consecutive day of growth that is positive for the stock markets. The whole world continues to discuss the coronavirus and its implications for the world economy. To date, 82 164 sick people in the world, of which 32872 have already cured man. The total number of patients is 49292 person, and yesterday the figure was 1 637 more people. Last week the number of patients on average decreased by 1,500 people a day. The media tell us that the virus is very scary, but there is no vaccine at the moment and at the same time 40% of people were able to cure the virus, and every day the number is growing. A week later, hysteria in the media is complete, since the number of cured more than 50%.

USDJPY recommendation: flat 109.85 -110.50



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