Hello everyone, welcome, subscribers.
Please share your personal opinions in the comments. Booster and subscription are appreciated.
The first FOMC meeting of the year has concluded. The Fed dismissed the possibility of an early rate cut along with keeping the rates unchanged. They hinted at potential changes in monetary policy based on future inflation indicators. Additionally, we should pay attention to the interest rate decision of the Bank of England, and observe what it entails along with the rate freeze.
- Eurozone CPI announcement on February 1st
- Bank of England Monetary Policy Committee meeting minutes release on February 1st
- US Non-Farm Payrolls announcement on February 2nd
The chart of Pound/Dollar is in the process of forming an upward trend. It is confirming support at the bottom and, if it confirms resistance at the top, the trend formation will be completed. In this process (assuming no variables), it would be advantageous to aim for medium-term growth and respond to the market.
The most likely movements are:
1. Breaking through the upper trend resistance, experiencing short-term growth to the peak, followed by a pullback.
2. After being pressed by the upper trend resistance, receiving support from the lower trend and experiencing medium to long-term growth to the peak.
These two movements are the most likely, and if there are variables, we will adjust the strategy accordingly.
Please share your personal opinions in the comments. Booster and subscription are appreciated.
The first FOMC meeting of the year has concluded. The Fed dismissed the possibility of an early rate cut along with keeping the rates unchanged. They hinted at potential changes in monetary policy based on future inflation indicators. Additionally, we should pay attention to the interest rate decision of the Bank of England, and observe what it entails along with the rate freeze.
- Eurozone CPI announcement on February 1st
- Bank of England Monetary Policy Committee meeting minutes release on February 1st
- US Non-Farm Payrolls announcement on February 2nd
The chart of Pound/Dollar is in the process of forming an upward trend. It is confirming support at the bottom and, if it confirms resistance at the top, the trend formation will be completed. In this process (assuming no variables), it would be advantageous to aim for medium-term growth and respond to the market.
The most likely movements are:
1. Breaking through the upper trend resistance, experiencing short-term growth to the peak, followed by a pullback.
2. After being pressed by the upper trend resistance, receiving support from the lower trend and experiencing medium to long-term growth to the peak.
These two movements are the most likely, and if there are variables, we will adjust the strategy accordingly.