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21.02.201909:29 Forex Analysis & Reviews: Reasons for optimism

Long-term review

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1. Progress has been made on the EU agreement - Britain on life after Brexit. On Wednesday, February 20, the EU (Juncker) - Britain (May) negotiations took place. The EU seems ready to make new concessions to Britain to help May pass an agreement through Parliament. Today, February 21, the continuation of negotiations is expected, a key vote in the British Parliament is scheduled for February 27.

2. The Federal Reserve made it clear that in the near future - perhaps at the next meeting - it would decide to stop reducing its balance sheet - that is, not reducing the money supply - this is equivalent to easing monetary policy.

3. Progress has been made at the US-China trade negotiations — the parties are going to sign a joint declaration as the basis for the continuation of the negotiations. Trump postpones a new increase in duties on goods from China.

All this can cause a rise in the European currency.

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