The general picture: There is a corrective mood in the market.
The long-awaited correction began in the US stock market.
This was triggered perhaps by too rigid statements of Trump addressed to China during the annual speech in Congress. Yet, China is a very important “partner” for the U.S. economy, unlike Russia.
But, this is not an excuse. The correction has developed a very long time.
In the coming days, the market expects a package of critical data, including the decision of the Fed today and the report on employment in the U.S. on Friday.
Sharp movements are possible in both directions.
Pound:
Purchases are possible from the level of 1.3930.
Sales are possible from the level of 1.4380.
The material has been provided by InstaForex Company – www.instaforex.com
The trading plan 01/31/2018
The general picture: There is a corrective mood in the market.
The long-awaited correction began in the US stock market.
This was triggered perhaps by too rigid statements of Trump addressed to China during the annual speech in Congress. Yet, China is a very important “partner” for the U.S. economy, unlike Russia.
But, this is not an excuse. The correction has developed a very long time.
In the coming days, the market expects a package of critical data, including the decision of the Fed today and the report on employment in the U.S. on Friday.
Sharp movements are possible in both directions.
Pound:
Purchases are possible from the level of 1.3930.
Sales are possible from the level of 1.4380.
The material has been provided by InstaForex Company – www.instaforex.com
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