The general picture: There is a lull in the markets. Range.
There was a calm in the markets. The calendar does not have strong data that can cause movement – until the end of next week.
From the “unexpected” – the last shock for the market – Trump’s sharp speech against Iran: as you remember, Trump left the nuclear deal with Iran. This caused an increase in oil. However, subsequent statements by European leaders reassured markets: Europe remains in a deal with Iran. In addition, OPEC is ready to smooth out the situation with oil supplies in case of restrictions on supplies from Iran.
So, this shock is behind us.
Probably, we will see a quiet period in the markets – some growth in the stock markets – and a range in the foreign exchange market.
We believe that the growth of the dollar is stopped – for a while at least.
GBPUSD: Range.
Buy from 1.3460. Sell from 1.3770.
The material has been provided by InstaForex Company – www.instaforex.com
Trading plan 05/14/2018
The general picture: There is a lull in the markets. Range.
There was a calm in the markets. The calendar does not have strong data that can cause movement – until the end of next week.
From the “unexpected” – the last shock for the market – Trump’s sharp speech against Iran: as you remember, Trump left the nuclear deal with Iran. This caused an increase in oil. However, subsequent statements by European leaders reassured markets: Europe remains in a deal with Iran. In addition, OPEC is ready to smooth out the situation with oil supplies in case of restrictions on supplies from Iran.
So, this shock is behind us.
Probably, we will see a quiet period in the markets – some growth in the stock markets – and a range in the foreign exchange market.
We believe that the growth of the dollar is stopped – for a while at least.
GBPUSD: Range.
Buy from 1.3460. Sell from 1.3770.
The material has been provided by InstaForex Company – www.instaforex.com
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