Today is the last week's key event for the euro and, accordingly, the EURUSD pair.
Yesterday's results of the meeting of the Committee on open market operations of the Fed can be called "hawks". The rate was raised, the general level of aggression in the comments on further tightening of monetary policy has grown, economic forecasts have improved. The results of the meeting can be called ideal for the dollar. But his growth was not followed. And this, in our opinion, is a very serious signal in favor of the fact that the mood in the market has changed. The dollar is no longer sought to buy, even with a serious reason. This is the # 1 argument in favor of dollar sales and euro purchases. Why euro? About this further.
Today, all the attention of investors and traders is focused on the ECB meeting. Why is it important today's decision of the ECB? Of course, the bet will not be changed. But with a high degree of probability, plans can be made for the foreseeable future and perhaps even specific dates for the beginning of a tightening of monetary policy in the Eurozone. We are talking about the curtailment of the quantitative easing program as the first step towards abandoning the ultra-soft regulation of the monetary sphere.
Why expectations were actualized right now after such a long break? The matter is that last week the chief economist of the ECB Peter Praet stated that at the meeting of the Central Bank on Thursday the date of the end of the quantitative easing program will be determined.
This is a strong signal in favor of buying the euro. This is indicated by the reaction to Peter Praet's statements made by analysts of the world's leading investment banks. Analysts at Credit Agricole SA forecast euro growth by the end of the year by at least 7% to a mark of 1.26. Currency strategist Societe Generale Kit Juckes in a letter to customers says about 1.30 marks. JPMorgan Chase see the euro around 1.23.
Well and at last. Yesterday, frankly weak data on industrial production of the Eurozone were published. The decrease was 0.9%. But there was no sale of euros in the market. And this is a very important indicator that the strength of the sellers of the euro has dried up, and buyers are just waiting for the last signal. Which, in our opinion, will be today's meeting of the ECB.
Total, we recommend buying a pair of EURUSD. The immediate goal of these purchases is 1.20 or even 1.22.
Yesterday's results of the meeting of the Committee on open market operations of the Fed can be called "hawks". The rate was raised, the general level of aggression in the comments on further tightening of monetary policy has grown, economic forecasts have improved. The results of the meeting can be called ideal for the dollar. But his growth was not followed. And this, in our opinion, is a very serious signal in favor of the fact that the mood in the market has changed. The dollar is no longer sought to buy, even with a serious reason. This is the # 1 argument in favor of dollar sales and euro purchases. Why euro? About this further.
Today, all the attention of investors and traders is focused on the ECB meeting. Why is it important today's decision of the ECB? Of course, the bet will not be changed. But with a high degree of probability, plans can be made for the foreseeable future and perhaps even specific dates for the beginning of a tightening of monetary policy in the Eurozone. We are talking about the curtailment of the quantitative easing program as the first step towards abandoning the ultra-soft regulation of the monetary sphere.
Why expectations were actualized right now after such a long break? The matter is that last week the chief economist of the ECB Peter Praet stated that at the meeting of the Central Bank on Thursday the date of the end of the quantitative easing program will be determined.
This is a strong signal in favor of buying the euro. This is indicated by the reaction to Peter Praet's statements made by analysts of the world's leading investment banks. Analysts at Credit Agricole SA forecast euro growth by the end of the year by at least 7% to a mark of 1.26. Currency strategist Societe Generale Kit Juckes in a letter to customers says about 1.30 marks. JPMorgan Chase see the euro around 1.23.
Well and at last. Yesterday, frankly weak data on industrial production of the Eurozone were published. The decrease was 0.9%. But there was no sale of euros in the market. And this is a very important indicator that the strength of the sellers of the euro has dried up, and buyers are just waiting for the last signal. Which, in our opinion, will be today's meeting of the ECB.
Total, we recommend buying a pair of EURUSD. The immediate goal of these purchases is 1.20 or even 1.22.
Авторские индикаторы
bit.ly/2oBvkHY
Больше информации на нашем ютьюб-канале
www.youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ
bit.ly/2oBvkHY
Больше информации на нашем ютьюб-канале
www.youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ
