Daily Review on EURUSD for 18.05.2015

May 18, 2015

Buy on a level breakthrough of 1.1466 with 1.1530 target. Stop loss = 1.1406.

Reason for the trading strategy

In April, the volume of industrial production in the US declined by 0.3% (m/m), while the US consumer confidence index declined from 95.9 p. to 88.6 to p in May. The data reflect a contraction of the real sector of the US economy and reduced consumer activity among American households. Against this background, the US Federal Reserve is unlikely to make a decision to quickly increase the country's key interest rate. The single European currency, taking advantage of the weakness of the US dollar, may soon test the 1,153 level.

Publication source
EXNESS information  EXNESS reviews

September 26, 2016
The aftershocks of FOMC
The FED did not raise interest rates last week, as it was anticipated by many market participants. It seems like the FED decided to go with status quo and wait until a new American president is elected. We are waiting for a rate hike to take a place in December as it would be logical and a well justified thing to happen...
September 26, 2016
The week ahead: Focus shifts from central banks to politics
Monday’s US presidential debate will probably break a new record, not in the S&P 500, but the number of viewers which according to media analyst could reach over 100 million Americans, surpassing Carter-Reagan debate in 1980 which attracted 80.6 million viewers...
September 23, 2016
Risk rating
The market is in need of a new narrative. The Fed meeting in December is too far off and for now, the US election is not something that entices excitement. With central banks on hold, markets are pushing the envelope in terms of risk...

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