Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Trading plan 17.09.2018

September 18, 2018 Analytics

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Trading plan 17.09.2018

The overall picture: The market turned to the US.

Last week, European currencies tried to organize growth against the dollar, but the decisions of the ECB and the Bank of England did not provide fuel for growth – there were no hints of tightening monetary policy.

The US authorities once again promised to introduce new tariffs on $200 billion of Chinese goods “in the coming days” – we remember that this exact statement took place more than a week ago – but then the US paused and invited the delegation of China to new trade negotiations. As we can see, China has not shown a strong desire to negotiate – and now new tariffs for $200 billion dollars worth of Chinese goods are likely to be introduced.

The second topic is the approach of the Fed meeting on rates. There is intrigue: the latest data on the US economy showed some slowdown in growth – and there is a question – will the Fed miss the rate hike at the meeting on September 26? Especially since Trump persistently asked not to raise the rate.

Pound: Growth looks outstanding. Range.

We are ready to buy at the breakout to the top of 1.3145.

Alternative: Sell below 1.2780.

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The material has been provided by InstaForex Company – www.instaforex.com

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