Burning forecast 08.11.2018

Burning forecast 08.11.2018

All eyes on the Federal Reserve.

The US elections were held with the result "both yours and ours" - Trump strengthened his position in the Senate, the Democrats won Trump's House of Representatives

The US stock market went up. But the foreign exchange market is undecided. The EURUSD exchange rate's jump to the top was once again replaced by a sharp decline.

Will there be an autumn trend this year?

Perhaps we will receive the answer today - at 18.00 London time. The Fed will issue a statement on monetary policy - at the end of the meeting.

The main question is whether the Fed will raise rates further or take a break?

Look at the Fed.

We are ready to buy the euro at a break of 1.1500 up, stop 1.1455, target 1.1700.

Alternative: Sell at 1.1300 break down.

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