MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Global macro overview for 21/09/2016

Global macro overview for 21/09/2016:

The most anticipated event of the month, the US Federal Open Market Committee interest rate decision, statement, economic projections and press conference are scheduled for release at 06:00pm GMT. Market participants are expecting the interest rate to be left unchanged at the level of 0.50%, just like a month before. According to CME Group FedWatch Tool, the possibility of immediate interest rate hike to the level of 0.75% is only 15%, which is again in line with the overall consensus. In conclusion, no interest rate hike is expected, but overall hawkish comments on the press conference will be nothing special this time as the market is starting to discount the possibility of a December hike.

Let's now take a look at the EUR/USD technical picture in the 4H time frame. The recent bounce from the important intraday support at the level of 1.1120 did not last long and the bearish pressure to break this level is clearly visible. Please notice that the next support is almost 100 pips lower, so this is why any violation of the 1.1120 level might be a game changer for bulls.

analytics57e2583114f95.jpg

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