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Trading Plan 12/21/2018

Trading Plan 12/21/2018

The big picture: The dollar is falling.

The dollar declines after the Fed meeting.

What is the reason? It seems that the rate was raised by + 0.25%, new increases in the rate are likely, "school-wide", this is a strengthening of the currency.

Answer:

The first. The increase in the rate of + 0.25% has long been known. The market has put it in prices. The second is the main thing. Fed forecast for the economy. The Fed lowered its forecast for US GDP growth for 2019. The Fed lowered its inflation forecast for 2019. The Fed lowered its forecast and this is important, at a rate of up to + 2.9% at the end of 2019. That is, from the current + 2.375% there are two increases of + 0.25% for 2019, and most likely, this is the end of the year, and then provided that the general crisis does not start.

In addition, the ECB may raise rates in the summer of 2019.

Thus, the reason for stopping for a dollar is clear.

Pound: We are ready to buy from 1.2710.

If you do not need to open positions in your trade in the coming days, it makes sense to think about the rest until the first week of January.

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