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24.09.201809:12 Forex Analysis & Reviews: Trading plan 24.09.2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trading plan 24.09.2018

Overall picture: week of important news.

On Wednesday, the Federal Reserve's decision on rates - we expect an increase of +0.25%, but most importantly - the text of statement of the Fed.

On Monday, new US duties against China come into effect for $200 billion - and probably, China's retaliatory tariffs of $60 billion against the USA.

On Thursday, orders for durable goods, U.S., on Friday, the inflation PCE

The pound had a sharp decline on Friday due to strong disagreements between Britain and the EU on the plan of relations after Brexit - the pound is likely to range.

Lb: buy in the breakout of 1.3300.

Alternative: sell from 1.2790.

Exchange Rates 24.09.2018 analysis

Jozef Kovach
Analytical expert of InstaForex
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