The general picture: The market stopped in anticipation of events.
The wave of the dollar strengthening has temporarily stopped.
On the one hand, the Fed has not shown a firm commitment to steadily raise the rate. On the other hand, inflation in Europe unexpectedly declined in April, which gives the ECB a reason to postpone tightening of monetary policy again.
Markets are waiting with great attention to the outcome of the US-China talks on the issue of mutual trade.
Today, the report on employment in the US for April will be released at 12.30 London time.
GBP / USD pair: We are waiting for the formation of the range.
We should buy from the level of 1.3460.
We should sell from the level of 1.3770.
The material has been provided by InstaForex Company – www.instaforex.com
Trading plan 04/05/2018
The general picture: The market stopped in anticipation of events.
The wave of the dollar strengthening has temporarily stopped.
On the one hand, the Fed has not shown a firm commitment to steadily raise the rate. On the other hand, inflation in Europe unexpectedly declined in April, which gives the ECB a reason to postpone tightening of monetary policy again.
Markets are waiting with great attention to the outcome of the US-China talks on the issue of mutual trade.
Today, the report on employment in the US for April will be released at 12.30 London time.
GBP / USD pair: We are waiting for the formation of the range.
We should buy from the level of 1.3460.
We should sell from the level of 1.3770.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: