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Main » 2018 » December » 20 » Trading Ideas 12/20/2018
12:41
Trading Ideas 12/20/2018

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The US currency against the yen reduced the fifth day in a row. By 9:00 Moscow time the USDJPY fell below the support level of 112.00, reacting to the outcome of the two-day meeting of the American regulator, published the previous evening. As expected, the Fed chose not to turn from the path of tighter monetary policy and for the fourth time raised its key interest rate by 0.25% to 2.5% this year. The decision was taken unanimously, reflecting the opinion of representatives of FOMC under suitable conditions created within the national economy and the need for further normalization of monetary policy. 

 

 

AMarkets

 

 

At the same time, the Fed acknowledged the deterioration in the external economic environment. In particular, according to the chairman of the Federal Reserve Jerome Powell, "the prospect of a slowdown in global economic growth, trade conflict between the United States and China, as well as sales in the US stock market may cause a slowdown in the rate hikes in the coming year." Powell added that "potentially softer lending terms will help to overcome periods of high volatility in the market." For this reason, in 2019 the US regulator predicts two rate increases instead of three in the previous quarter. However, there were no conventional comment that "the final decision will depend on the outgoing data." Tomorrow the attention of market participants will be presented to the annual reports of US GDP, orders for durable goods, as well as the main index for personal consumption expenditures. In case of "strong" these "American" will attempt to rehabilitate himself in the eyes of buyers.


USDJPY BuyStop 112,10 TP 113,50 SL 111,60


Brent crude quotes during the trading session on Wednesday failed to recover from a local low of $ 56.03 to $ 56.63 per barrel, which contributed to the US report on oil stocks. The Energy Information Administration reported that in the week ending December 14, the oil reserves in the domestic market decreased by 500 thousand. barrels. Gasoline inventories increased by 1.8 million. Barrels, while distillate stocks, including heating oil, fell by 4.2 million. Barrels. On the eve of analyst firm Genscape reported that last week crude oil inventories in Cushing terminal rose by 630 thousand. Barrels. Since this figure is not confirmed buyers have at least some cause for redemption oil with the lowest levels for nearly 1.5 years. It is worth noting that the decline in distillate inventories also means they Bole than 14% below the level in mid-September, which acted as an additional factor of support for oil prices. Despite this, during the Asian session Thursday, the market is dominated by sellers again. By 9:00 Moscow Brent price of one step from testing to support $ 56 per barrel. Saving previous downward trend due to more urgent risk of overproduction of raw materials on the hydrocarbon market. Unfortunately, the "bulls" can not even take advantage of the weak dollar, disappointed with the outcome of the last meeting of the American regulator. With such an obvious development of the "bearish" trend, we are sure to keep the short positions. 00 GMT Brent price of one step from testing to support $ 56 per barrel. Saving previous downward trend due to more urgent risk of overproduction of raw materials on the hydrocarbon market. Unfortunately, the "bulls" can not even take advantage of the weak dollar, disappointed with the outcome of the last meeting of the American regulator. With such an obvious development of the "bearish" trend, we are sure to keep the short positions. 00 GMT Brent price of one step from testing to support $ 56 per barrel. Saving previous downward trend due to more urgent risk of overproduction of raw materials on the hydrocarbon market. Unfortunately, the "bulls" can not even take advantage of the weak dollar, disappointed with the outcome of the last meeting of the American regulator. With such an obvious development of the "bearish" trend, we are sure to keep the short positions.


UKOIL SellStop 56,10 TP 54,20 SL 56,70


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

 

 

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