Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses
Make a deposit
Money withdrawal
pay icon

The ECB hosted the conference "Challenges in Policy Effectiveness, Responsibility, and Reputation Communication" starts today in Frankfurt, so the market participants are wondering whether the outcome from this event will be similar to the earlier one from Sintra, Italy from July this year. It is difficult to anticipate the outcome, but it looks like the central bankers are now in a slightly different situation than before. Firstly, most central banks have outlined their path in recent times. This is a different situation since this July, when for many institutions their future strategy was unclear or we were at the threshold of a change of attitude. The ECB has now drawn up its plans for the QE program by September 2018. The decision was received as dovish, but the euro-related decline was not severe. Thus, Draghi does not have to strive to stabilize the course and, on the other hand, cares not to lead to more appreciation. As a consequence, the neutral tone should dominate. In the case of the Bank of Japan, the situation is even simpler, as here the message indicates the status quo for many months yet. Janet Yellen is bound by the fact that he leaves office in February 2018, so it would be inappropriate to comment on next year's interest rate path. And if it opted for the December hike, its words will not change much for the market valuation of 90%. Carney, chairman of the Bank of England, has the biggest leeway, who announced at the beginning of the month a rate hike but packaged in an exceptionally high tone of dovishness. BoE would like to stop the pound sterling and fuel inflation, but promising a continuation of the hike will threaten the reputation of the economy, as the economy does not allow it.

In conclusion, none of the chairpersons should go out of the way of communication, and on the other hand, events like today's Frankfurt are the main source of surprises.

Let's now take a look at the USD/JPY technical picture at the H4 time frame. The price has managed to break out of above the black trend line, but so far no new high was made, so the consolidation zone between the levels of 112.94 - 114.72.was maintained. The move up might be a simple bounce from the oversold conditions as the momentum indicator is still hovering around its fifty level. The bias remains neutral-to-bullish as long as any important levels are not violated.

Exchange Rates 14.11.2017 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sebastian Seliga,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.