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Main » 2018 » September » 27 » Traders -trade ideas today 27/09/2018
12:06
Traders -trade ideas today 27/09/2018

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The main event of yesterday was the outcome of a two-day meeting of the American regulator, which has traditionally been very important for the market as a benchmark for future dynamics of the dollar. As expected, the FOMC decided to increase the target range for the federal funds rate by 25 basis points. The decision was taken unanimously. Initially, market participants alerted by the fact that the Fed removed from the accompanying statements of comment that the policy will remain challenging. Traders perceived as a signal of the absence of certain modifications that may occur in the path of rate increases. 

 

 

AMarkets

 

 

However, at a press conference, Fed Chairman Jerome Powell clarified the situation, noting that the policy will always be challenging, still in line with market expectations, as well as changes in economic conditions. In addition, based on the extension that demonstrates the nation's economy, the Fed revised its GDP growth forecast for 2018 to 3.1% from 2.8%. Much emphasis is on maintaining high activity of households, remains a key economic driver. In the light of the marked progress in the labor market, as well as in the field of inflationary pressures, the US regulator repeated intention to raise rates again before the end of this year. Thus, the following policy tightening with a probability of 85% will take place in December. Taking this into account, the US currency is clearly there on what to grow.


USDJPY BuyLimit 112,30 TP 115,00 SL 111,70


Brent crude quotes during the trading session on Wednesday failed to retain a reducing trend and by the end of the day went into negative territory, ending trading at $ 80.72. Market participants reacted to the sale on the US government report on crude oil inventories. As reported by the Energy Information Administration, domestic oil reserves for the week ending September 21 increased by 1.9 mln. Barrels. Prior to this, stocks declined for five consecutive weeks. A similar trend was the result of a sharp decline in capacity utilization, which may be preceded by a new seasonal trend of increasing inventories. An additional factor of pressure oil can serve as a statement of Trump in the UN, called on the Organization of Petroleum Exporting Countries to immediately go to a decrease in oil prices. This statement was complemented by a threat to take action if it does not happen. It is believed that Trump would release portion of oil from the Strategic Petroleum Reserve (SPR). According to another version, the American president can affect the oil to soften the position of Iran, which will certainly reduce market concerns about supply shortages in the global market in the event of a complete ban imports from Iran. Be that as it was not in the oil market correction is overdue obviously, this is also evidenced by the technical indicators. Probably before the weekend is followed by a wave of liquidation of long positions, which may lead to a local haulage Brent prices below $ 80 per barrel. American president can affect the oil to soften the position of Iran, which will certainly reduce market concerns about supply shortages in the global market in the event of a complete ban imports from Iran. Be that as it was not in the oil market correction is overdue obviously, this is also evidenced by the technical indicators. Probably before the weekend is followed by a wave of liquidation of long positions, which may lead to a local haulage Brent prices below $ 80 per barrel. American president can affect the oil to soften the position of Iran, which will certainly reduce market concerns about supply shortages in the global market in the event of a complete ban imports from Iran. Be that as it was not in the oil market correction is overdue obviously, this is also evidenced by the technical indicators. Probably before the weekend is followed by a wave of liquidation of long positions, which may lead to a local haulage Brent prices below $ 80 per barrel.


UKOIL SellStop 81,20 TP 75,00 SL 82,00


Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author trader analyst Artem Deev AMarkets.

 

 

 

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