For Traders

Analytical Reviews

Hot forecast

18.05.201800:15 Forex Analysis & Reviews: Burning forecast 5/17/2018

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Burning forecast 5/17/2018

EURUSD: The market turns to growth.

The main theme remains the growth of yields on US government bonds. Ten-year US government securities reached a profitability of 3.1% - the yield of 30-year securities is also growing. This, on the one hand, attracts investors - amidst a clear stagnation in the US stock market - on the other hand, it pushes the Fed to take on new rate hikes.

However, the growth of the dollar meets strong resistance: On Wednesday, the euro rate broke down a significant level of 1.1820 - and declined to 1.1760 - but could not continue its decline - and holds above 1.1800.

The market is considering the possibility of euro growth.

Buy the euro with a breakout of 1.2000 up, stop at 1.1955, profit at 1.2100.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.