Burning Forecast 03/20/2019

On Thursday, British Prime Minister Theresa May will meet with the EU leadership regarding the postponement of the Brexit deadline. May wants to make another attempt at negotiating an agreement with the EU until mid-April. In any case, the Brexit date will be delayed and this is not a hot topic for the markets.

The main event is the decision of the Federal Reserve on monetary policy today at 18.00 London time.

The main question is how soft the text of the Fed's commentary will be.

We are waiting for the beginning of an upward trend in the euro.

We buy the euro from 1.1365.

Alternative: when turning down, we sell from 1.1175.

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