Foreign exchange market: is the season of meetings of Central banks
The season of meetings of the Central banks come, the day is highlighted by the statements of the Central banks of Europe and the UK on interest rates. Press conference of the ECB will clarify the situation further monetary policy. Mario Draghi said in previous press conferences that it is too early to think about changing course, so that the market does not expect changes in this period rate will remain at 0.00%. Interested in more information on brexia and understanding on this issue, resolution of which can remove a great burden and give new opportunities to the economy of Europe and Britain.
The UK’s Central Bank warned that rising interest rates will be gradual and to a certain value, which indicates the caution of the regulator. The interest rate was increased to 0.75% at the previous meeting and will continue to stay at this level.
Tomorrow will show us how strict the policy wants to lead the Central Bank of Russia. Statements Elvira Nabiullina gave a signal to increase interest rates due to the risks that put pressure on the Russian economy. Growing oil prices support the ruble, but the price of Brent crude could not hold above the$ 80 that causes concern. This year, the oil market was already pressure from Donald trump, the same sanctions can lead to fascination with production due to possible risks.
The most anticipated in the market is the interest rate decision of the fed, which will be announced on September 26. The participants will improve and may not last this year. The us dollar is showing strength this year and continues confident movement.
Recommendations the following currency pairs:
Selling EURUSD to key mark 1,1550.
Selling GBPUSD to key level of 1,2850.
Buying USDCAD to the level of 1,3150.
Buying USDRUB to 71,10.
Selling AUDUSD to of 0.7020.
Larson & Holz