Sell on a level breakthrough of 1.1100 with 1.1015 target. Stop loss = 1.1150.
Reason for the trading strategy
Yesterday's rise in the European stock markets and the euro's decline reflects expectations of future expansion of the ECB asset purchases program in September against the background of increasing deflationary processes in the euro zone. Last month, inflation in the euro zone was minus 0.1% (y/y).
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...
September 23, 2016 Greenback regains some ground
On Friday, the evergreen buck regained some ground against other key currencies, as markets kept digesting the Fed’s latest policy decision...
September 23, 2016 Dollar rebounds slightly as precious metals are in a hot zone
The US Dollar rebounds after a substantial selloff led by the FOMC decision to leave the interest rate unchanged. The Dollar index, which tracks the US currency against major peers, recoiled with support at a 95.00 level on Thursday, adding 0.05% to the 95.36 price in the early Friday session...
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