Today\’s down, tomorrow up?

Events, which should be paid attention to today:

21.00 Moscow time. USA: a meeting of the US Federal Reserve.


Today, the US Federal Reserve FRS will announce the results of its meeting on credit and money policy, and tomorrow the Bank of England will issue a similar verdict. If you look at the news calendar, then from the first Central Bank they expect to increase the rate by 0.75%, and from the second 0.5%. At the same time, the dynamics of the public debt market signals that both regulators will increase the rate by 0.75%. Against this background today a pound can fall and test A minimum of the current week, and tomorrow you can see the technical correction up on the fixation of the profit on shorts. At the same time, the main trend in the pair is still descending and technical correction will be short-lived since investors will use the growth of quotations to increase the “shorts” on pounds. The British economy will expect a stronger crisis than the American and traders will continue to actively get rid of the pound.

Trading Recommendation: Sell 1.1375/1.1410 and Take Profit 1.1285.