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Trading Plan 05/11/2018
The overall picture: the Fed and other important events.
Since November 5, the United States resumed sanctions against Iran. However, the Europeans and China are still holding a position against sanctions for continuing the agreement with Iran.
Tomorrow, November 6, the midterm congressional elections will be held in the United States - the main question is whether Republicans will be able to hold a majority in the Lower House that depends on how much Trump is free to make decisions or whether Trump will have to overcome the resistance of the opposition Congress.
The main thing for the markets is the Fed meeting on Wednesday, November 7th. Markets are waiting for information whether the Fed will continue to raise the dollar rate or take a break.
For the pound, the most important thing is whether the EU will reach an agreement on Britain for brexit. The growth of the pound last week is very strong, and the market's retention of this growth indicates that the market expects a successful outcome of the negotiations.
Pound: We buy from the rollback is not higher than 1.2935.
Alternative - we sell from 1.2690.
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