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GBP/USD also did not show any interesting movements on Monday. The pair's volatility was even weaker than the euro's, but the dollar continued to rise throughout.
Markets await the Bank of England's decision. Overview of GBP/USD
The Bank of England is scheduled to hold its monetary policy meeting on Thursday, March 21. It is expected that the rate will be kept at the level of 5.25%.
Euro rebounds on rate expectations amid industry slump. Overview of EUR/USD
In January, industrial production dropped sharply by 3.2% in the euro area, while production fell 6.7% year-on-year, with both indicators significantly worse than forecasts. Europe's largest economy may have already.
USD/JPY: trading scenarios on March 18, 2024
USD/JPY continues to rise for the 6th consecutive day on Monday after finding support around the 147.00 mark last week. Considering the upcoming events this week, investors are not rushing.
Can EUR/USD rise to 1.15 in 2024?
Speech is silver, silence is golden. While the silence of the Federal Reserve scares financial markets, European Central Bank officials continue to talk about monetary policy. ECB Governing Council member.
Analysis of the GBP/USD pair. March 18th. The pound is heading towards the 25th figure
Regarding the GBP/USD pair, the wave analysis remains sufficiently clear and at the same time remains complex. The construction of a new downward trend section continues, the first wave.
GBP/USD: trading plan for the US session on March 18th (analysis of morning deals). The pound remains within the channel
To open long positions on GBP/USD: Considering the absence of statistics from the UK, the pound has remained within a sideways channel with a high probability of further decline.
EUR/USD: trading plan for the US session on March 18th (analysis of morning deals). The pressure on the euro may return very quickly
To open long positions on EUR/USD: The euro reacted with growth to the news that core prices in the eurozone are decreasing rather slowly, which may affect the plans.
USD/JPY: Trading plan for US session on March 18. Analysis of yesterday's trades and Commitment of Traders (COT) reports. USD regains ground against yen
Long positions on USD/JPY: The US data continues to revive demand for the US dollar, while the procrastination of Japanese officials with news on monetary policy, as has happened before.
Analysis and trading tips for EUR/USD on March 18 (US session)
Analysis of transactions and trading tips on EUR/USD Further growth became limited because the test of 1.0895 occurred during the sharp rise of the MACD line from zero. Inflation data.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.