24.09.201809:12 Trading plan 24.09.2018

Long-term review

Trading plan 24.09.2018

Overall picture: week of important news.

On Wednesday, the Federal Reserve's decision on rates - we expect an increase of +0.25%, but most importantly - the text of statement of the Fed.

On Monday, new US duties against China come into effect for $200 billion - and probably, China's retaliatory tariffs of $60 billion against the USA.

On Thursday, orders for durable goods, U.S., on Friday, the inflation PCE

The pound had a sharp decline on Friday due to strong disagreements between Britain and the EU on the plan of relations after Brexit - the pound is likely to range.

Lb: buy in the breakout of 1.3300.

Alternative: sell from 1.2790.

Exchange Rates 24.09.2018 analysis

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

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2020
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