See also
Trading plan 17.09.2018
The overall picture: The market turned to the US.
Last week, European currencies tried to organize growth against the dollar, but the decisions of the ECB and the Bank of England did not provide fuel for growth - there were no hints of tightening monetary policy.
The US authorities once again promised to introduce new tariffs on $200 billion of Chinese goods "in the coming days" - we remember that this exact statement took place more than a week ago - but then the US paused and invited the delegation of China to new trade negotiations. As we can see, China has not shown a strong desire to negotiate - and now new tariffs for $200 billion dollars worth of Chinese goods are likely to be introduced.
The second topic is the approach of the Fed meeting on rates. There is intrigue: the latest data on the US economy showed some slowdown in growth - and there is a question - will the Fed miss the rate hike at the meeting on September 26? Especially since Trump persistently asked not to raise the rate.
Pound: Growth looks outstanding. Range.
We are ready to buy at the breakout to the top of 1.3145.
Alternative: Sell below 1.2780.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
On Friday, the GBP/USD currency pair saw only a slight correction after its strong rally. Once again, we observe a market with no apparent desire to take profits from long
On Friday, the EUR/USD currency pair stood still. Once again, we are observing a situation where the price rises (often strongly) for some time and then just waits. It waits
Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair also traded rather calmly on Friday. However, unlike the EUR/USD pair, traders didn't find it necessary to react
Analysis of Friday's Trades 1H Chart of EUR/USD The EUR/USD currency pair showed no significant movements on Friday. For most of the day, the price remained in a sideways range
In my morning forecast, I highlighted the 1.3720 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and examine what happened
In my morning forecast, I highlighted the 1.1709 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and analyze what happened
Analysis of Thursday's Trades 1H Chart of GBP/USD On Thursday, the GBP/USD pair also remained in an upward trend, and there was no shortage of significant developments across the Atlantic
Analysis of Thursday's Trades 1H Chart of EUR/USD On Thursday, the EUR/USD currency pair traded mostly sideways, albeit with a slight upward bias. The uptrend on the hourly timeframe remains
The EUR/USD currency pair continued its strong upward movement throughout Thursday. A new wave of growth for the European currency began on Wednesday evening and continued into Thursday night. Therefore
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