Wednesday, October 18, 2017

EURUSD: trading week closed down

EUR / USD: trading week closed down

TRADING RECOMMENDATIONS

A threat
new terrorist attacks in Belgium is putting pressure on the pair EUR / USD, as well as
European stock indexes. Since Tuesday, when the explosions took place in Brussels,
EUR / USD pair has lost more than 80 points to date. Reducing pairs
It continued for the seventh day in a row.


the
time, the dollar continues to strengthen the foreign exchange market today, getting
support from the resurgent expectations
market participants about the likelihood of the Fed's tightening policy in April. ABOUT
the possibility of such solutions have recently signaled some leaders
the US central bank. So, the president of Federal Reserve Bank of St. Louis Dzheyms Bullard said in
a recent interview with Bloomberg Television, that there were "arguments
increase in key interest rates in April. " Bullard also noted that
data in the period from December to March, consistent with Fed expectations. If
Macroeconomic data from the US will continue to be
comply with the Fed forecast, the probability of monetary tightening
policy in April will be real.


from news
Today it is worth paying attention to US data, go to 12:30 (GMT), including the annual GDP data
in the 4th quarter (final release), as well as the index for personal spending
for Q4 consumption. In the event of predicted values ​​may be
sharp price movements in the dollar pairs, including in a pair of EUR / USD, although
revisions to previous data is not expected.


volatility
in the news release period can be greatly strengthened by a thin market. However, volumes
Trading will be negligible because on the eve of Catholic Easter, and in connection with
Good Friday today in Europe and the US stock exchanges are closed.

TECHNICAL ANALYSIS


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