The overall picture: Trump lost the lower house to the Democrats.
Midterm elections to Congress were held in the United States.
Republicans lost a majority In the house of representatives – but retained a majority in the Senate (and even strengthened it somewhat). Trump, of course, called the election a victory – but it is rather a defeat – now the Democrats have a powerful lever to limit Trump’s actions in Congress.
The market has not yet decided on the reaction to the result of the US election – the euro broke the level of 1.1455 up, then rolled back strongly down, but then made a new attempt to grow.
The pound continues to move upward.
We are ready to buy the pound – but only after a strong pullback from 1.2980 or below.
Ahead – another main news of the week – the Fed’s decision on rates on Thursday at 18.00 GMT.
The material has been provided by InstaForex Company – www.instaforex.com
Trading plan 07.11.2018
The overall picture: Trump lost the lower house to the Democrats.
Midterm elections to Congress were held in the United States.
Republicans lost a majority In the house of representatives – but retained a majority in the Senate (and even strengthened it somewhat). Trump, of course, called the election a victory – but it is rather a defeat – now the Democrats have a powerful lever to limit Trump’s actions in Congress.
The market has not yet decided on the reaction to the result of the US election – the euro broke the level of 1.1455 up, then rolled back strongly down, but then made a new attempt to grow.
The pound continues to move upward.
We are ready to buy the pound – but only after a strong pullback from 1.2980 or below.
Ahead – another main news of the week – the Fed’s decision on rates on Thursday at 18.00 GMT.
The material has been provided by InstaForex Company – www.instaforex.com
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