Trading plan 24.09.2018
Overall picture: week of important news.
On Wednesday, the Federal Reserve's decision on rates - we expect an increase of +0.25%, but most importantly - the text of statement of the Fed.
On Monday, new US duties against China come into effect for $200 billion - and probably, China's retaliatory tariffs of $60 billion against the USA.
On Thursday, orders for durable goods, U.S., on Friday, the inflation PCE
The pound had a sharp decline on Friday due to strong disagreements between Britain and the EU on the plan of relations after Brexit - the pound is likely to range.
Lb: buy in the breakout of 1.3300.
Alternative: sell from 1.2790.
The material has been provided by InstaForex Company -
www.instaforex.com