REDATOR Redator Postado Setembro 11 REDATOR Denunciar Share Postado Setembro 11 Although the US dollar did lose ground against risk assets, it managed to avoid a larger sell-off. This suggests traders have already shifted their attention to waiting for new, and much more important, inflation data than what was released yesterday.A sharp decline in US producer prices in August by 0.1% led to a drop in the dollar and strengthening of the euro, British pound, and other risk assets. This unexpected turn made traders reconsider their forecasts for the Federal Reserve's future monetary policy, and now the Fed is widely expected to resume cutting interest rates soon.Today, in the first half of the day, the European Central Bank will publish its decision on the main interest rate and the monetary policy statement. A bit later, ECB President Christine Lagarde will hold a press conference. Rates are expected to remain unchanged. However, markets will watch Lagarde's language and details from the policy statement very closely in search of clues about future central bank moves. In particular, traders are keen to learn how the ECB assesses the current inflation situation in the eurozone and what its outlook on further economic growth is. Special attention will be paid to the ECB's inflation forecasts for the coming quarters and next year. If the central bank raises its inflation expectations, this may signal the complete end of the rate-cutting cycle that started in the middle of last year, helping the euro rise.If the data matches economists' expectations, it's better to operate with a Mean Reversion strategy. If the data is much higher or lower than economists expect, it's best to use a Momentum strategy.Momentum Strategy (Breakout):EUR/USDBuying on a breakout of 1.1728 could lead to euro growth toward 1.1760 and 1.1813Selling on a breakout of 1.1695 could lead to a decline toward 1.1668 and 1.1630GBP/USDBuying on a breakout of 1.3553 may lead to the pound growing to the area of 1.3587 and 1.3615Selling on a breakout of 1.3520 may lead to the pound falling to the area of 1.3484 and 1.3451USD/JPYBuying on a breakout of 147.50 could target 147.84 and 148.13Selling on a breakout of 147.25 could lead to declines toward 146.90 and 146.60Mean Reversion Strategy (Pullbacks):EUR/USDLook to sell after a failed breakout above 1.1708 and a return below that levelLook to buy after a failed breakout below 1.1690 and a return above that levelGBP/USDLook to sell after a failed breakout above 1.3536 and a pullback under that levelLook to buy after a failed breakout below 1.3514 and a return above that levelAUD/USDLook to sell after a failed breakout above 0.6626 and a pullback below that levelLook to buy after a failed breakout below 0.6607 and a return above that levelUSD/CADLook to sell after a failed breakout above 1.3878 and a return below that levelLook to buy after a failed breakout below 1.3859 and a return above that levelThe material has been provided by InstaForex Company - www.instaforex.com Citar Link para o comentário Compartilhar em outros sites More sharing options...
Posts Recomendados
Participe da Conversa
Você pode postar agora e se cadastrar mais tarde. Cadastre-se Agora para publicar com Sua Conta.
Observação: sua postagem exigirá aprovação do moderador antes de ficar visível.