
What happened? Japanese shares fell on Monday…
2019-11-11 • Updated
The price has reached the Moving Averages, but there's still no any bearish pattern so far. In this case, the pair is likely going to test the next resistance at 111.75 in the short term. Prior to that, the price could reach the closest support at 110.75.
There's a 'Shooting Star', which has been confirmed enough. So, we should keep an eye on the nearest support at 110.75 as an intraday target. A pullback from this level could be a departure point for another bullish rally.
What happened? Japanese shares fell on Monday…
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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