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Main » 2020 » February » 28 » Forex forecast and recommendations today 28.02.2020: EUR/USD - Fed may cut rates in March, GBP/USD, USD/JPY
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Forex forecast and recommendations today 28.02.2020: EUR/USD - Fed may cut rates in March, GBP/USD, USD/JPY

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The forecast of the euro against the dollar pairs EURUSD today 02/28/2020


Published on the eve of the second estimate of US GDP for the fourth quarter of 2019 brought no surprises - the figure rose within market expectations and amounted to 2.1%. It is worth noting that the US revised GDP deflator - a decline of ten basis points, to a level of 1.3%. According to the CME exchanges likely to reduce the interest rate the US Fed at the next meeting on 18 March was 90%, while in early February, the figure was only 10%. For the US dollar is a negative factor, since the reduction in the Fed's interest rates will contribute to an outflow of capital from US assets.


EURUSD recommendation: Buy 1.0 984 /1.2870 and take profit 1.1015

 

 

 

 

 

The GBPUSD forex forecast today 28.02020
 

During his speech, a member of the Board of the Bank of England Cunliffe pointed to expectations of rising inflation due to the positive dynamics of the labor market - last year we have seen the growth of the average wage in the United Kingdom, which will contribute to the growth of consumer prices. Against this background, the Bank of England board expects that CPI inflation may slightly exceed 2% Target. This is an interesting statement, since earlier investors were waiting for lower interest rates, and now rates decrease, no one will.


GBPUSD recommendation: Buy 1.2870 / 1.2855, and take profit 1. 2921

 

 

USDJPY forecast for today 28/02/2020
 

The course of trading USDJPY pair is strongly influenced by the dynamics of stock markets, especially the US, as the largest on the planet. US stock market falls six days in a row, and the financial media talk about panic, which is caused by coronavirus. At the current time the total number of cases of the virus is 83,386, of whom 2858 have died and 36557 treated. Thus, the number of patients is 46,829 people, against 49,292 the previous day. The day the number of patients has decreased by 2463, or 5% human. The last five days the number of patients on average reduced by 1,600 people. Thus, the number of cured exceed 50% of the number of cases in the next week. In times of fear in the financial markets much gold rises, but with the beginning of the precious metal is traded in the negative area - a symbolic reduction by 0.1%, but, nevertheless, no growth. In Thursday, the US trading volume in the stock market amounted to 15.63 billion shares, which is the maximum value of 5.5 years. Then in the second half of 2015 in the US market has been a strong correction, and the S & P500 index fell from a maximum of 14.2%. Once passed the record volume of trading, the index rose by 15.4%. Current drop of 14.2% from the highest point 20 of February. Against this background, forex traders should wait for a technical correction in the US stock market, which has a positive impact on quotations USDJPY. Then in the second half of 2015 in the US market has been a strong correction, and the S & P500 index fell from a maximum of 14.2%. Once passed the record volume of trading, the index rose by 15.4%. Current drop of 14.2% from the highest point 20 of February. Against this background, forex traders should wait for a technical correction in the US stock market, which has a positive impact on quotations USDJPY. Then in the second half of 2015 in the US market has been a strong correction, and the S & P500 index fell from a maximum of 14.2%. Once passed the record volume of trading, the index rose by 15.4%. Current drop of 14.2% from the highest point 20 of February. Against this background, forex traders should wait for a technical correction in the US stock market, which has a positive impact on quotations USDJPY.


USDJPY recommendation: Buy 108.88 / 108.70 and pr take ofit 109.35

 

 

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Views: 14 | Added by: mik | Tags: Dollar, euro dollar, Forex, forex exchange rate pound dollar fo, Euro, usdjpy recommendation, pound dollar, forex euro dollar prognozeurusd, eurusd forecast, forex forecast for today, Forex dollar yen usdjpy forecast, Pound, gbpusd recommendation | Rating: 0.0/0
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